Topic: I officially quit Mt.Gox, moving to BTC-E (Read 5850 times)
tell me where you gonna hop for another exchange op ill be right with ya
There is no such thing as too old a thread. Necroposting is a way too keep order in here!
Meta
so ?
the concerns posted by OP made him change exchanges look how said concerns got ignored and downplayed, 1 year after ppl get to look again at their valuation of said concerns and maybe next time think better ? and other did agree on the OP concerns, mtgox users got almost 1 year time from this post to read and think and see by themselves if there was any risk
Actually I am tired of this shit happening on MtGox. I considered it is not suitable for good trading as it always provides traders with surprises. Points:
* Order lag (its a bug actually casted to feature!)
* Trade interrupts, engine freeze. From minutes to hours.
* Sudden price false spikes, for example my ask order is at $13.80 and price went to $14 then down without affecting my order.
* Absolutely no feedback on above from Mt.Gox side (dummy answers). They pretend its okay and running fine.
* The most draconian fees in bitcoin world. They leave all above untouched having about up to $100.000 or even greater on daily fees.
I am silent about fiat withdrawals issues. This subforum should have a lot of such.
Taking into account all positive and negative effects of my decision, I decided that working with Gox is a pain in ass full of hidden risks which can overwhelm profits some day.
I move to BTC-E. I am not a big fish for Gox, but seems that big for btc-e. And liquidity issues are less pain in ass than mtgox ones on this stage.
I make this decision public to show my big pennis to Mt.Gox.
* Order lag (its a bug actually casted to feature!)
* Trade interrupts, engine freeze. From minutes to hours.
* Sudden price false spikes, for example my ask order is at $13.80 and price went to $14 then down without affecting my order.
* Absolutely no feedback on above from Mt.Gox side (dummy answers). They pretend its okay and running fine.
* The most draconian fees in bitcoin world. They leave all above untouched having about up to $100.000 or even greater on daily fees.
I am silent about fiat withdrawals issues. This subforum should have a lot of such.
Taking into account all positive and negative effects of my decision, I decided that working with Gox is a pain in ass full of hidden risks which can overwhelm profits some day.
I move to BTC-E. I am not a big fish for Gox, but seems that big for btc-e. And liquidity issues are less pain in ass than mtgox ones on this stage.
I make this decision public to show my big pennis to Mt.Gox.
Good job buddy. Nice move.
Meta
=)
lets look at this post almost one year later 
I think I have found solution how to deal with low liquidity on non-gox markets.
There is enought hidden arbitrage liquidity everywhere. So if you need market buy/sell, you just put the bid/ask 1-2% higher/lower off the current price. Arbitrage bots will eat that wall and transfer it to gox or other exchange.
So it is possible to sell mtgox pain to arbitrage owners for 1-2%.
There is enought hidden arbitrage liquidity everywhere. So if you need market buy/sell, you just put the bid/ask 1-2% higher/lower off the current price. Arbitrage bots will eat that wall and transfer it to gox or other exchange.
So it is possible to sell mtgox pain to arbitrage owners for 1-2%.
Bitstamp seems to be greater price these days
I've stopped using gox as they're closing for US anyway
BitMe is closing as well
I've stopped using gox as they're closing for US anyway
BitMe is closing as well
The best choice for Europe is https://bitcoin-24.com/
You can send & withdraw euro via SEPA - pretty quick and no banking fee.
Withdraw & deposit of euro cost you 1,24 euro for the exchange. That's it, no need to pay any other fees.
It's my favourite...
You can send & withdraw euro via SEPA - pretty quick and no banking fee.
Withdraw & deposit of euro cost you 1,24 euro for the exchange. That's it, no need to pay any other fees.
It's my favourite...
Ah! And the main point due to which I considered to create such topic.
Mt.Gox made fundamental changes to their API leaving warning about this only in specialized subforum.
NO OFFICIAL PRESS RELEASE
NO OFFICIAL EMAIL TO API KEYS HOLDERS
They just broke lots of apps (mobile, bots, their own mobile client, their own classic interface) being in center of Bitcoin economy.
Mt.Gox made fundamental changes to their API leaving warning about this only in specialized subforum.
NO OFFICIAL PRESS RELEASE
NO OFFICIAL EMAIL TO API KEYS HOLDERS
They just broke lots of apps (mobile, bots, their own mobile client, their own classic interface) being in center of Bitcoin economy.
Is this why my Bitcoinium app broke?
I've been recommending MTGOX/Coinlab to the people I meet, but I've been exploring a bit myself. I describe MTGOX as the least crappy exchange.
Yeah, back up. 20 minutes of downtime.
Back up for me (UK)
15 minutes of downtime. No response from Europe. Feeds dead.
5k single sell and Gox disappeared from radars.
https://bitcointalksearch.org/topic/gox-goxxed-160335
https://bitcointalksearch.org/topic/gox-goxxed-160335
Don't see why anyone wants to do business with an exchange holding tens of thousands of bitcoinica user funds for months not willing to
talk to the liquidators or return bitcoins/cash that isn't theirs!
talk to the liquidators or return bitcoins/cash that isn't theirs!
btc-e?
Gox
Don't see why anyone wants to do business with an exchange holding tens of thousands of bitcoinica user funds for months not willing to
talk to the liquidators or return bitcoins/cash that isn't theirs!
talk to the liquidators or return bitcoins/cash that isn't theirs!
btc-e?
Careful with BTC-E, they have an outrageous BTC withdrawal fee.
And have the lowest trading fee
Don't see why anyone wants to do business with an exchange holding tens of thousands of bitcoinica user funds for months not willing to
talk to the liquidators or return bitcoins/cash that isn't theirs!
talk to the liquidators or return bitcoins/cash that isn't theirs!
Not sure how you do a closed-loop sell on BitStamp, buy on BTC-E arb system, without losing out in automatic exchanger fees.
Its not a cross-trading. They all have same picture (primary copying gox so far plus/minus bitinstant bots fees). All trend lines, even short term, are same. You can look at mtgox as to liquidity market and make buy/sell decisions based on that, but buy and sell on other exchanges.This scheme moves mtgox pain to bot keepers in exchange to some price slip due to bigger spread.
mtgoxusd:
btceusd:
bitstampusd:
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