All posts made by gidi337 in Bitcointalk.org's Wall Observer thread



1. Post 5198748 (copy this link) (by gidi337) (scraped on 2020-04-04_Sat_12.12h):

i saw this from the official mtgox  announcement

"As expected, when withdrawals recommence they will do so “at a moderated pace and with new daily/monthly limits in place” to prevent a run that could put too much strain on the company’s resources."


i cannot understand why it would put a strain on the company's resources.  after all they are meant to have with them (even if it is in cold storage)  every bitcoin that everyone has ever bought on the exchange until he withdraws it. it is not a bank where they lend out money and can have a liquidity issue or a run on a bank.   there should never be an issue of a run on an exchange since they should have every btc accounted for.

am i making a mistake or is this a very suspicious statement

please let me know

thanks




2. Post 5370489 (copy this link) (by gidi337) (scraped on 2020-04-04_Sat_12.20h):

does anyone know how to make the gox api price go up

http://data.mtgox.com/api/2/BTCUSD/money/ticker

i have a trade on plus500 which they have not let me close for the past week,  and if the price on the api could be higher at least when the monthly contract expires i won't have a loss

thank you