Consider to remove Mtgox price ticker

Newar

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https://gliph.me/hUF

Quote from: keithers on February 10, 2014, 11:01:38 PM

Looks like coindesk removed Gox from its value calculations

http://www.coindesk.com/coindesk-removes-mt-gox-bitcoin-price-index-2/

So did bitcoinaverage.com :

Code:

ignored exchange	reason
btctrade                volume data suspect
coinbase                volume data not published
mtgox	                withdrawals blocked
okcoin	                volume data suspect
vircurex                unreachable since 10 Feb, 17:54 UTC

keithers

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This is the land of wolves now & you're not a wolf

Looks like coindesk removed Gox from its value calculations

TheButterZone

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RIP Mommy

MtGox: 50 million strikes? YOU'RE OUT, PERMANENTLY.

DooMAD

legendary

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Leave no FUD unchallenged

If anyone knows Japanese, can they translate my boycott banner, please?

rix5

sr. member

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Merit: 250

Quote from: p2pbucks on February 08, 2014, 08:03:35 PM

Hi guys ,

Considering Mtgox's irresponsible activity Angry

, i've removed Mtgox bitcoin price ticker from my websites (change to btc-e temporarily).

And i am urging other Chinese bitcoin websites to do the same.

In order to prevent one certain big exchange dominate the market , i suggest to use Average price index ( Coindesk BPI ) instead .

any thoughts ?

this is the right direction. Get them out of view. I am sick of that exchange

Kazimir

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Activity: 1176

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Quote from: ?? on ??

Quote from: Newar on February 10, 2014, 07:17:25 AM

bitcoinaverage.com , also has an API.

something wrong with that calculator does it say 1btc = .608USD? do they mean 1btc = 608 USD?

No, they mean

Quote from: bitcoinaverage.com

millibitcoin to United States Dollar, USD global weighted average"

On the right hand side, there's a "Switch to ฿1 base" button.

Kazimir

legendary

Activity: 1176

Merit: 1011

Quote from: ?? on ??

Bitcoins on Mtgox are now $40 less than other exchanges. They should halt all trading until they fix their issues. They are hurting Bitcoin

Halting all trading now will only cause more unnecessary panic.

Especially now that there's still a lot of money in MtGox (since people can't get it out Sad

).

MtGox should simply say: "Sorry, our bad, we were wrong in incorrectly using transactions IDs like this. We'll fix this right away, and people will be able to get their money out in two days from now."

DooMAD

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Leave no FUD unchallenged

Newar

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https://gliph.me/hUF

bitcoinaverage.com , also has an API.

Kazimir

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Activity: 1176

Merit: 1011

+1

The MtGox rates bear no meaning anymore. Actually they haven't for quite some time already.

In fact, MtGox itself bears no meaning anymore to Bitcoin. The days that morons thought "Bitcoin = MtGox" are long past, fortunately.

I run a few Bitcoin-related websites and manage a few ticker controls, and removed the MtGox rates from all of them.

solex

legendary

Activity: 1078

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100 satoshis -> ISO code

BitcoinAverage

Coindesk

Blockchain.info

All need to discontinue using the irrelevant and now cancerous MtGox price feed.

bryant.coleman

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Activity: 3766

Merit: 1217

Quote from: Sheldor333 on February 10, 2014, 04:56:26 AM

I don't agree that it is too early. One should start slowly moving away from Mt.Gox. That way their damage will be less when they do crash. There are better options out there, so why not use them.

Just give them one week or so. If they don't sort out their problems, then we can dump them.

Sheldor333

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I don't agree that it is too early. One should start slowly moving away from Mt.Gox. That way their damage will be less when they do crash. There are better options out there, so why not use them.

bryant.coleman

legendary

Activity: 3766

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Too early perhaps. Clarkmoody is still showing the Gox exchange graphs.

Kazimir

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Quote from: doom309 on February 08, 2014, 10:11:24 PM

sooner or later the crypto community will have to move to one price per instrument/pair at any one time, just like the real forex market

How do you define "one price" if the reality is that people are trading bitcoins at $800 at one exchange and at $900 at another?

(such a large price difference is a strange situation in itself, but it can and did happen e.g. due to fiat withdrawal problems at the latter exchange)

p2pbucks

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Evolution is the only way to survive

Roger Ver ‏@rogerkver on twitter 8/2/2014 :

Bitcoins on Mtgox are now $40 less than other exchanges. They should halt all trading until they fix their issues. They are hurting Bitcoin

HidariMigi

newbie

Activity: 15

Merit: 0

Quote from: keithers on February 09, 2014, 05:09:22 PM

It is my understanding that you can still actively deposit (which I don't know why you would at this point), and trade with coins already on their exchange. You just can't withdraw. I think we are kind of jumping the gun though in trying to remove them from all websites before they have a chance to at least attempt to clear their names by trying to fix things..

Oh, yeah - that sounds like a legitimate organisation - "We're happy to take your deposit, but sorry; we just can't give it back right now. But please, pretend that we're still functioning, and maybe if you wish really hard, we can make it happen."

If GOX wanted to re-establish trust, they would have a plan in place and gone on a PR binge to assure investors/customers that their funds were safe, secure and available for transfer.

Removal of GOX as a quotable exchange is a reasonable suggestion - as an exchange requires being able to actually get your money back out in a reasonable and timely fashion.

keithers

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This is the land of wolves now & you're not a wolf

Quote from: max. on February 09, 2014, 11:53:09 AM

The mtgox price right now is a fantasy, it is not real. How can they publish a price if they can't buy and sell bitcoins.

Mtgox is a big scam

It is my understanding that you can still actively deposit (which I don't know why you would at this point), and trade with coins already on their exchange. You just can't withdraw. I think we are kind of jumping the gun though in trying to remove them from all websites before they have a chance to at least attempt to clear their names by trying to fix things..

It is a long shot but it is still a small possibility that they are telling the truth

HenryRomp

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