Dark Pools At Work? | Bitcointalksearch.org

FreeMoney

legendary

Activity: 1246

Merit: 1016

Strength in numbers

Quote from: bober182 on December 20, 2010, 04:12:12 PM

I hope once the scams where covered the fee gets taken away

Yeah, if it doesn't I'm just going to start a similar site, pay for the server, coding, improving the look and usability, attracting traders, handling complaints, and processing payments. Actually I'm a little busy, maybe someone else will do it.

bober182

full member

Activity: 308

Merit: 100

I hope once the scams where covered the fee gets taken away

davout

legendary

Activity: 1372

Merit: 1008

1davout

I think it doesn't really matter whether the transaction fee is .1%, .65% or 10%, there is a psychological effect to having a fee no matter how much.
If people really want to buy/sell it doesn't really matter that much, but for people merely playing with their bitcoins like me it made a huge binary difference

caveden

legendary

Activity: 1106

Merit: 1004

There's a big psychological difference between "free" and "non-free"... there are some interesting experiments there.
That might have decrease the number of orders somehow... but you may be right too, it's a very tiny fee.... anyway, I was just speculating...

kiba

legendary

Activity: 980

Merit: 1020

Quote from: caveden on December 20, 2010, 04:08:03 AM

I'm not sure it's the dark pools or the transaction fee instead. Before, transactions were free...

You're kidding me. The transaction fee is sub 1%. That's pretty low.

caveden

legendary

Activity: 1106

Merit: 1004

Quote from: jimbobway on December 19, 2010, 05:16:21 PM

Mt.Gox volume seems has been low since they started dark pools.

I'm not sure it's the dark pools or the transaction fee instead. Before, transactions were free...

jimbobway

legendary

Activity: 1304

Merit: 1015

Quote from: FreeMoney on December 19, 2010, 04:07:48 PM

Quote from: jimbobway on December 19, 2010, 10:49:52 AM

Mt Gox says the volume is about 2000 bitcoins. But bitcoinwatch says 115000 was sent the past 24 hrs. I wonder if this is a result of dark pools.

I think you misunderstand something. Mtgox trades show up in mtgox volume and not on the block chain. Bitcoinwatch tells us how many coins have been sent on the chain (and change as mentioned). Either can be bigger than the other with no contradiction.

Ok, I misunderstood. You are right. Mt.Gox volume seems has been low since they started dark pools. Who knows what is going on behind the scenes.

Elanthius

newbie

Activity: 45

Merit: 0

Looking at the volumes on mtgox I very much doubt there are any dark pool trades at all. Daily volume is about BTC3000. Minimum darkpool order is USD1000. I don't know for sure but I think there'll have to be a lot more activity before people start dumping a thousand dollars on the exchange and expect to get filled.

FreeMoney

legendary

Activity: 1246

Merit: 1016

Strength in numbers

Quote from: jimbobway on December 19, 2010, 10:49:52 AM

Mt Gox says the volume is about 2000 bitcoins. But bitcoinwatch says 115000 was sent the past 24 hrs. I wonder if this is a result of dark pools.

I think you misunderstand something. Mtgox trades show up in mtgox volume and not on the block chain. Bitcoinwatch tells us how many coins have been sent on the chain (and change as mentioned). Either can be bigger than the other with no contradiction.

jgarzik

legendary

Activity: 1596

Merit: 1100

Note that "bitcoins sent" includes change transactions. I would love to exclude those, but there is no feasible way to do so.

tcatm

sr. member

Activity: 337

Merit: 285

Yep, mtgox volume does not appear in bitcoin volume. Though, I made some trades during the last days and I'm pretty sure there are some dark pools close to the bid/ask prices. I traded and orderbook volume didn't change, I could even trade a lot more than orderbook volume would have allowed.

kiba

legendary

Activity: 980

Merit: 1020

Quote from: jimbobway on December 19, 2010, 10:49:52 AM

Mt Gox says the volume is about 2000 bitcoins. But bitcoinwatch says 115000 was sent the past 24 hrs. I wonder if this is a result of dark pools.

It could simply be that people are sending bitcoins from one account to another.

Beside, MtGox exchanges are done internally, not reported to the bitcoin network.

jimbobway

legendary

Activity: 1304

Merit: 1015

Mt Gox says the volume is about 2000 bitcoins. But bitcoinwatch says 115000 was sent the past 24 hrs. I wonder if this is a result of dark pools.

Topic: Dark Pools At Work? (Read 1577 times)