Topic: : - page 7. (Read 70881 times)

Wouldn't "re-balancing with Bitcoin" in effect nullify the arbitration advantage you are trying to exploit?

The down-side is, of course, that you double your chances of losing in the event of an(other) exchange failure.  If you are a good trader and making money hand over fist, it's probably worth the chance.  It would take a lot of winning of nickles and dimes through arbitrage to add up to a sizable capital loss should one of the exchanges go belly-up.

I think the only way to really take advantage of it would be to have enough funds on both exchanges to buffer those delays.

So it would be relatively easy to transfer BTC between MtGox and Tradehill, but it seems to me that right now the only way to get the lower price at TH would be to send my MtGox cash to Dwolla, then send from Dwolla to TH, and by the time three days have passed and the money is at TH, who knows what the price over there will be relative to MtGox, right? Is there some easier way of moving USD from MtGox into TH?

and up

I noticed it days ago and minutes after it went into place here:

  http://bitcoinity.org/markets?currency=USD&exchange=tradehill

and have been watching it switch around and diminish ever since.

http://bitcoincharts.com/markets/thUSD.html

Is there a Tradehill equivalent to MtGox Live where you can see the bid/sell walls?

Or... this is bait to get people to withdraw cash from Gox, so a manipulator can more easily push the price down.

I'm surprised you've not been bored to tears by the dead-times on Tradehill.  But I don't know, or really wish to know, your strategies and I assume you've got something going which can kill boredom.

Anyway, another hypothesis is that this (one-time) 20k is the (purportedly) stolen purportedly allinvain stash as per another thread.  The most interesting pick-up from that (to me) is that Mt Gox seems to be accusing Tradehill of failure to participate appropriately in the task of 'catching bad guys'.  That factor is (again, to me) a fascinating aspect of the Bitcoin economy.

Could this be a stunt of Tradehill to attract more volume?

I'm sure it has not escaped you that if you want BTC, you need $$$.  Waiting for an opportune time to convert BTC to USD for the purpose of having USD to buy BTC takes more time, skill, and luck than a lot of us have.


I'll defer to your expertise here.  Your hypothesis sounds more realistic than mine.

Another fun hypothesis is that it is a plot by Tradehill to get some user's to take the plunge and get around to setting up and using a Tradehill account.  That might be a good investment for Tradehill actually.


I agree very much, and it was a big factor in my primary use of Tradehill.  Even Kenna has at least paid lip service to this philosophy in the past (which is easy enough to do when you are trailing by an order of magnitude I suppose.)  I would like to see several healthy and trusted exchanges in every major locale (Eurasia, Eastasia, and Oceana for lack of a better delineation.)  Maybe a franchise of highly autonomous exchange outlets could be viable to instill some confidence and provide some level of back-end support, but not until the economy grows by several orders of magnitude.

But back to today, one could still loose all their chips in some domino effect which took down what few viable exchanges exist, but one should at least be somewhat insulated from garden variety coding fuckups or the types of corp/gov exchange harassment which seems endemic and unlikely to subside.

watching discussion

I think that has to do with the emotional buywall placed @mtgox right now, anyway the opportunity is almost over.

I would like to see TradeHill accept Mt.Gox codes (or some standard agreement), and let the two exchanges balance their credits rather than we little traders.

I've watched things in this area pretty closely...one of my biggest sources of paranoia being that the exchange pulls a 'MF Global', and I am interested to know if they at least have the potential to be solvent.  My numbers are seat-of-the-pants, but...some months ago TH seemed to be catching up, but then fell back down to %10 (at best.)  The recent catch-up is just for the last few days and I think it mainly relates to that one huge sell order.

As for funding, even if one does keep a pretty good balance at multiple exchanges (which has it's own dangers as I've alluded to in the aforementioned) it is pretty easy to blow one's wad early and kinda hard to quickly re-balance the cash positions (at least I hear of serious nightmares trying to get cash out, though I've not run into any myself.)  The loss of arbitrage and subsequent drop-outs at Tradehill a few weeks ago speak to that I think.

I hadn't looked at thUSD in a long time, I can see there've been fantastic bargains all week!!!

$2.6 on the first of the month. What's that, bitcoin deliveries?

The guy moved his bid up, but his lunch was being eaten by other would-be Tradehill sellers so he moved it back down again (is my take.)  He must want out pretty bad, and the block is getting chewed through pretty quick now it seems like.  But with some quick wiring of money and a bit of luck, one might be able to get in on the action.  Tradehill has never taken more than a bit over a day from when I send a wire till I am funded (if I do so on week days.)

Muchos Gracias!

Very likely.  There will be less support this time since a lot of buyers got in on the last crash, and will still be holding, or selling to further fuel the downward trend.