BitFloor has such low volume though. If I wanted to cash out 1000 BTC, I'd be SOL.
You'd just have to put up a wall and wait a day or two for people to sell in to it. 
Topic: BitFloor.com Rocks! - page 4. (Read 17612 times)
BitFloor has such low volume though. If I wanted to cash out 1000 BTC, I'd be SOL.
I just wish you would open an account at US Bank, I have no Chase banks in my state even 
I do have a US Bank right across the street from my office though. For small purchases it is easier to WU money to people in -OTC and pay the ~%8 fee, just for convenience.
I do have a US Bank right across the street from my office though. For small purchases it is easier to WU money to people in -OTC and pay the ~%8 fee, just for convenience.
Just wanted to say that BitFloor.com worked out really well. Transferred via PopMoney, and was able to buy up some BTC with no stress.
Thanks, I will be using this again.
Thanks, I will be using this again.
Looks like ING P2P does not work for $ withdrawals from Bitfloor; is this correct or did I miss something?
That is correct. We only offer ACH withdraws.
Looks like ING P2P does not work for $ withdrawals from Bitfloor; is this correct or did I miss something?
I was, but its back up. Must have been intermittent. I did check downforeveryoneorjustforme before posting though.
-bgc
-bgc
Down? Any news as to why?
-bgc
I'm able to access the website, are you having some difficulty? -bgc
Down? Any news as to why?
-bgc
-bgc
BitFloor recently passed CryptoXChange to move from #7 to #6 on the 30-day BTC/USD volume list at bitcoincharts.com. Congratulations BitFloor. Keep on Rockin'!
Manual deposit request of cash transfer and... 8 minutes to availability on Bitfloor.
Goodbye Gox, BX, etc.
Goodbye Gox, BX, etc.
that is why I was pointing out that it is important to see and be able to analyze the picture in a wider perspective before making any conclusions and decisions.
Exactly
...
@genuise I don't have enough BTC for it to matter, really.
@genuise I don't have enough BTC for it to matter, really.
then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them
That is exactly what happened to goat.
It is a surprize for me. Can you give any details?
It is long, but very interesting: https://bitcointalksearch.org/topic/bot-74291
Thank you, it is really educative
that is why I was pointing out that it is important to see and be able to analyze the picture in a wider perspective before making any conclusions and decisions.
...
@genuise I don't have enough BTC for it to matter, really.
@genuise I don't have enough BTC for it to matter, really.
then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them
That is exactly what happened to goat.
It is a surprize for me. Can you give any details?
It is long, but very interesting: https://bitcointalksearch.org/topic/bot-74291
...
@genuise I don't have enough BTC for it to matter, really.
@genuise I don't have enough BTC for it to matter, really.
then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them
That is exactly what happened to goat.
It is a surprize for me. Can you give any details?
...
@genuise I don't have enough BTC for it to matter, really.
@genuise I don't have enough BTC for it to matter, really.
then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them
That is exactly what happened to goat.
...
@genuise I don't have enough BTC for it to matter, really.
@genuise I don't have enough BTC for it to matter, really.
then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them
...
@genuise I don't have enough BTC for it to matter, really.
@genuise I don't have enough BTC for it to matter, really.
then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them
I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?
take a look at bitcoin-analytics.com/#arbitrage
you should wait until data is fully loaded and arbitrage table is displayed
then it is possibile to analyze arbitrage apportunities depending on BTC volume you consider to trade
I would read this before you go all gungho https://bitcointalksearch.org/topic/bot-74291
@genuise I don't have enough BTC for it to matter, really.
In that case it could be occasionally profitable to arb MtGox and bitfloor.
Off to the IDE!
Off to the IDE!
it depends on volume of transactions in BTC for 100 and 1000 the situation can be significantly different.
for example almost all exchanges have 100 on bid and ask sisds, so it is in principla possible to execute such transactions.
But when you filter 1000 BTC volume for exmpale currently bitfloor does not have enough volume on bid side and your BTC will not be bought, you will not close the transation pair.
Jump to: