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A comment on $4.1m goes missing as Chinese bitcoin trading platform GBL vanishes. Parent comment

Re:$4.1m goes missing as Chinese bitcoin trading platform GB... by pmorici on Tuesday November 12, 2013 @12:03AM (#6715951)
"And if you've got money holed up in Mt. Gox, who's exchange rate is significantly worse than every other exchange, what do you do?"

I'll tell you what I did, I bought coins and transferred them out of there ASAP. The official line is that their bank will only do 10 outgoing USD wire transfers per day period. Of course limiting outgoing transfers is the same strategy you would want use if you were financially insolvent and wanted to forestall a run on the bank.

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Re:$4.1m goes missing as Chinese bitcoin trading platform GB... by dragontamer on Tuesday November 12, 2013 @01:25AM (#6716199)
Yup, that is the correct strategy, but Mt. Gox's inflated exchange rates punishes you for adopting this strategy. But this is definitely the right way to go.
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