Topic: Intersango Exchange - page 25. (Read 82101 times)
Withdrawal received
Backlog worked through.
There is a backlog that I'm working through.
Anyone experiencing delays with "Metro Bank (UK)" GBP withdrawals?
Yes, I requested a withdrawal over 24 hours ago. Any update on this, Intersango?
Anyone experiencing delays with "Metro Bank (UK)" GBP withdrawals?
I preferred MtGox's method of just typing in the amount to sell and clicking 'Go'.
Then who or what determines how much EUR or USD you're getting for your bitcoins?However I do have a suggestion for intersango:
I will typically transfer money there and just convert it all to bitcoins. I'm sure this is the same for most people. Right now I have to enter a bitcoin bid price (max price I'm willing to pay) and an amount (number of BTC I want to buy). Everytime I find myself calculating by hand (well, calc.exe) what amount of BTC corresponds with my EUR balance at the bid price I'm submitting.
Why not, besides entering a specific amount, adding a button 'as much as possible'
(i.e. I want to get ALL the bitcoins that my euros can buy)Thanks for your consideration.
I preferred MtGox's method of just typing in the amount to sell and clicking 'Go'.
Then who or what determines how much EUR or USD you're getting for your bitcoins?I preferred MtGox's method of just typing in the amount to sell and clicking 'Go'.
Then who or what determines how much EUR or USD you're getting for your bitcoins?
Since MtGox still has yet to process my withdrawal to Dwolla after a week, I decided to give Intersango a try. I sent them 2 BTC and sold them after a bit of fiddling with their interface. Their recommended sell price is way above the existing bids, so I had to look at the bids and match my sale price with that. I preferred MtGox's method of just typing in the amount to sell and clicking 'Go'. Transfer to my Dwolla account took all of 5 minutes and required no verification.
I will be using Intersango from now on for all my exchange needs. Thanks for bringing a worthy exchange to the table.
I will be using Intersango from now on for all my exchange needs. Thanks for bringing a worthy exchange to the table.
Dear Intersango,
I paid a closer look at the EUR order book today and noticed that over 75% of the total BIDs are “fictional”. People are placing large buy orders with ridiculously low bid prices creating that way a false demand of bitcoins and are a bad influence on the market itself. I don’t see anyone selling BTC for 0.0011 and 0.00010 EUR per BTC any time soon.
I propose BIDs and ASKs that are over or lower than 30% of the average market price, to be excluded from the graph at the top, so we have a clear picture of the supply and demand of bitcoins. The bids will stay on the order book of course, they’ll just not show-up on the graph.
Your thoughts?
I paid a closer look at the EUR order book today and noticed that over 75% of the total BIDs are “fictional”. People are placing large buy orders with ridiculously low bid prices creating that way a false demand of bitcoins and are a bad influence on the market itself. I don’t see anyone selling BTC for 0.0011 and 0.00010 EUR per BTC any time soon.
I propose BIDs and ASKs that are over or lower than 30% of the average market price, to be excluded from the graph at the top, so we have a clear picture of the supply and demand of bitcoins. The bids will stay on the order book of course, they’ll just not show-up on the graph.
Your thoughts?
The graph only shows bid/asks which are within 15% of the best bid/ask.
phantomcircuit,
Thank you for the clarification.
The graph only shows bid/asks which are within 15% of the best bid/ask.
yep, it's perfectly fine, clear & useful - I wish that GLBSE would do this too
Dear Intersango,
I paid a closer look at the EUR order book today and noticed that over 75% of the total BIDs are “fictional”. People are placing large buy orders with ridiculously low bid prices creating that way a false demand of bitcoins and are a bad influence on the market itself. I don’t see anyone selling BTC for 0.0011 and 0.00010 EUR per BTC any time soon.
I propose BIDs and ASKs that are over or lower than 30% of the average market price, to be excluded from the graph at the top, so we have a clear picture of the supply and demand of bitcoins. The bids will stay on the order book of course, they’ll just not show-up on the graph.
Your thoughts?
I paid a closer look at the EUR order book today and noticed that over 75% of the total BIDs are “fictional”. People are placing large buy orders with ridiculously low bid prices creating that way a false demand of bitcoins and are a bad influence on the market itself. I don’t see anyone selling BTC for 0.0011 and 0.00010 EUR per BTC any time soon.
I propose BIDs and ASKs that are over or lower than 30% of the average market price, to be excluded from the graph at the top, so we have a clear picture of the supply and demand of bitcoins. The bids will stay on the order book of course, they’ll just not show-up on the graph.
Your thoughts?
The graph only shows bid/asks which are within 15% of the best bid/ask.
miernik,
I respect your opinion, just two questions:
1) Did you check the graph I'm talking about?
2) What was your first impression of it?
Lastly, if no one should view the sum of BTC bid orders as a measure of BTC demand, then what's the point of having the graph?
I respect your opinion, just two questions:
1) Did you check the graph I'm talking about?
2) What was your first impression of it?
Lastly, if no one should view the sum of BTC bid orders as a measure of BTC demand, then what's the point of having the graph?
Your thoughts?
Against.
This has no influence on the market at all. The graph should be consistent with the order book, arbitrarily excluding some orders will just be confusing. Almost all markets have such buy orders at prices orders of magnitude away from the current trading prices. No one should view the sum of BTC bid orders by BTC as the measure of demand for Bitcoin.
Dear Intersango,
I paid a closer look at the EUR order book today and noticed that over 75% of the total BIDs are “fictional”. People are placing large buy orders with ridiculously low bid prices creating that way a false demand of bitcoins and are a bad influence on the market itself. I don’t see anyone selling BTC for 0.0011 and 0.00010 EUR per BTC any time soon.
I propose BIDs and ASKs that are over or lower than 30% of the average market price, to be excluded from the graph at the top, so we have a clear picture of the supply and demand of bitcoins. The bids will stay on the order book of course, they’ll just not show-up on the graph.
Your thoughts?
I paid a closer look at the EUR order book today and noticed that over 75% of the total BIDs are “fictional”. People are placing large buy orders with ridiculously low bid prices creating that way a false demand of bitcoins and are a bad influence on the market itself. I don’t see anyone selling BTC for 0.0011 and 0.00010 EUR per BTC any time soon.
I propose BIDs and ASKs that are over or lower than 30% of the average market price, to be excluded from the graph at the top, so we have a clear picture of the supply and demand of bitcoins. The bids will stay on the order book of course, they’ll just not show-up on the graph.
Your thoughts?
Since I understand that the Intersango/Bitcoin consultancy team member are not reading the bitcoinica payout thread anymore, I have decided to cross-post this here as I do think the community deserves an answer on this issue. I'm sorry if it is off-topic.
That is funny because Donald Norman, the CEO of Intersango/Bitcoin Consultancy claimed the following on 2012/04/24:
http://bitcoinmedia.com/first-licensed-advanced-trading-platform-for-bitcoin/
So around April 21 there were the following entries in the NZ register:
However on May 30 the following happened:
So correct me if I'm wrong but it seems that:
This would also explain genjix statement:
Thank you.
Neither Intersango nor Bitcoin Consultancy is involved in bitcoinica.
Some of the Intersango/Bitcoin Consultancy team members are, however posting about that in this thread is wildly inappropriate.
Some of the Intersango/Bitcoin Consultancy team members are, however posting about that in this thread is wildly inappropriate.
That is funny because Donald Norman, the CEO of Intersango/Bitcoin Consultancy claimed the following on 2012/04/24:
http://bitcoinmedia.com/first-licensed-advanced-trading-platform-for-bitcoin/
Searching NZ companies I don't see a "Bitcoinica LP". I do see a "BITCOINICA CONSULTANCY LIMITED":
- http://www.business.govt.nz/companies/app/ui/pages/companies/search?q=bitcoinica&mode=standard
- http://www.business.govt.nz/companies/app/ui/pages/companies/search?q=bitcoinica&mode=standard
So around April 21 there were the following entries in the NZ register:
- "BITCOINICA CONSULTANCY LIMITED"
- "CORE CREDIT LIMITED" (30/01/2012)
- "BITCOINICA LP" (FSP) (22/03/2012)
However on May 30 the following happened:
- "BITCOINICA CONSULTANCY LIMITED" > registration withdrawn.
- "CORE CREDIT LIMITED" > namechange > "BITCOINICA CONSULTANCY LIMITED"
So correct me if I'm wrong but it seems that:
- Intersango guys were the original BITCOIN CONSULTANCY LIMITED (General Partner)
- Tihans investment fund was CORE CREDIT LIMITED. (Majority Limited Partner)
- On May 30 the LIMITED PARTNER changed name to that of the GENERAL PARTNER.
This would also explain genjix statement:
Tihan denies being in charge, which means his parent company (Core Credit) has to authorise the payments. However Tihan is saying we don't need that.
- Who took over from Zhou as acting CEO or managing director of Bitcoinica LP on April 24?
- Who is the acting CEO or managing director of Bitcoinica LP since May 30?
- Who is currently the general partner & who are the limited partner(s)?
- What is the reason for these corporate changes as such a late stage?
Thank you.
Hey Intersango guys! Could you please start answering some of the questions asked in: https://bitcointalksearch.org/topic/payout-updates-bitcoinica-site-is-taken-offline-for-security-investigation-84042
You're risking legal action being taken against you by keeping silent. This will be bad both for you and for your customers, as legal costs will have to be paid. The way Intersango has been handling this whole issue is embarrassing to say the very least.
You're risking legal action being taken against you by keeping silent. This will be bad both for you and for your customers, as legal costs will have to be paid. The way Intersango has been handling this whole issue is embarrassing to say the very least.
Neither Intersango nor Bitcoin Consultancy is involved in bitcoinica.
Some of the Intersango/Bitcoin Consultancy team members are, however posting about that in this thread is wildly inappropriate.
I do not think it is wildly inappropriate. What I do think is wildly inappropriate is the lack of communication from Bitcoinica and its partners, while a million in dollars and BTC combined is being held in limbo. What I find downright saddening is the same mistake (lack of communication) being made again, I quote:
All further communication regarding bitcoinica will be posted on bitcoinica.com or answer to specific questions from [email protected]
Responding to insane accusations and downright defamation is a waste of everybodies time which just makes this all take even longer.
Responding to insane accusations and downright defamation is a waste of everybodies time which just makes this all take even longer.
All further communication? There's been hardly any communication so far. The last post on Bitcoinica.com is from 2012-05-15 for crying out loud! And people are complaining about lack of responses from [email protected] as well, so that doesn't seem to be a valid way to get any information either. Start communicating! There's plenty of people threatening with legal battles. I think we both can agree that legal battles is the last thing we need, and will be bad both for Bitcoinica and its partners AND its customers. So start communicating, _at least_ on daily basis, and I'm sure many of the rumors will die down, giving you the much needed time to fix this mess.
Thank you very much in advance.
Ps. I'm sorry for derailing this thread yet again, but I see no other way of getting your attention.
Hey Intersango guys! Could you please start answering some of the questions asked in: https://bitcointalksearch.org/topic/payout-updates-bitcoinica-site-is-taken-offline-for-security-investigation-84042
You're risking legal action being taken against you by keeping silent. This will be bad both for you and for your customers, as legal costs will have to be paid. The way Intersango has been handling this whole issue is embarrassing to say the very least.
You're risking legal action being taken against you by keeping silent. This will be bad both for you and for your customers, as legal costs will have to be paid. The way Intersango has been handling this whole issue is embarrassing to say the very least.
Neither Intersango nor Bitcoin Consultancy is involved in bitcoinica.
Some of the Intersango/Bitcoin Consultancy team members are, however posting about that in this thread is wildly inappropriate.
So, Bitcoin consultancy isn't involved in bitcoinica? Are you joking? You haven't seen anything yet that is inappropriate. This is about approximately 1 million USD of customers' deposits, and you say you are not responsible?! Who is?!
Hey Intersango guys! Could you please start answering some of the questions asked in: https://bitcointalksearch.org/topic/payout-updates-bitcoinica-site-is-taken-offline-for-security-investigation-84042
You're risking legal action being taken against you by keeping silent. This will be bad both for you and for your customers, as legal costs will have to be paid. The way Intersango has been handling this whole issue is embarrassing to say the very least.
You're risking legal action being taken against you by keeping silent. This will be bad both for you and for your customers, as legal costs will have to be paid. The way Intersango has been handling this whole issue is embarrassing to say the very least.
Neither Intersango nor Bitcoin Consultancy is involved in bitcoinica.
Some of the Intersango/Bitcoin Consultancy team members are, however posting about that in this thread is wildly inappropriate.
Time for some serious answers. One way or another, Intersango is history.
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