MtGox was a leading exchange! | Bitcointalksearch.org

Nagle

legendary

Activity: 1204

Merit: 1002

Quote from: 1Referee on April 20, 2014, 02:28:54 AM

Quote from: Nagle on April 20, 2014, 01:40:20 AM

We don't need a "leading exchange". We need exchanges where all customers can get money and Bitcoins in and out with no delays and no nonsense. All exchanges where assets flow easily in and out will converge on price, because any difference will cause arbitrage transactions to pull them together.

Very good point, in most cases it is very easy to get BTC and $ in, but getting it out easy is a different story.

Any exchange where that is the case is suspect. That is a big red flag for any broker, investment, or exchange. It's one of the classic indicators of a scam.

Remember all those bogus excuses from Mt. Gox.

Mrrr

hero member

Activity: 617

Merit: 528

Quote from: RUEHL on April 22, 2014, 04:02:09 PM

sending my money to Bulgaria to trade crypto coins is something i would shake my head at just a few months ago.

but i'm doing it 'cause it's all i got.

I think BTC-E figured out some time ago already that they can make more money in the long run by doing honest business. If they were to go bust it will be by government intervention, not by the owners making a run for it. They make 20k on a quiet day. That's really not an incentive to make a run for it.

RUEHL

full member

Activity: 126

Merit: 100

sending my money to Bulgaria to trade crypto coins is something i would shake my head at just a few months ago.

but i'm doing it 'cause it's all i got.

MeandMissNoob

newbie

Activity: 20

Merit: 0

What we need is trustworthy exchanges/bussinesses dealing with our money/crypto. Only then we have a chance the mass will get more interested into cryptocurrency.

sbabe

newbie

Activity: 25

Merit: 0

Why we need one dominating exchange? We need actually good multiple exchanges. We need competition in exchanges. Then only their service will be better.

gagalady

legendary

Activity: 938

Merit: 1000

Quote from: meliz98 on April 20, 2014, 01:51:24 AM

We need more two way bitcoin atms.

How many ATM's are there officially worldwide? I know there are some in china and what other countries? Yes we need bigger ATM network that would help people alot.

joecooin

sr. member

Activity: 359

Merit: 250

Quote from: 1Referee on April 19, 2014, 03:06:20 PM

For a long time MtGox was leading all other exchanges in certain directions. As much as people were hating on MtGox, it still was making or breaking up/downtrends.
Why is it so hard for the market to have a new "leading exchange" at the moment the price is soo unstable that we could have used a strong exchange.

It is new to me that MtGox was ever a cause of price stability. Actually whenever the price really crashed it had something to do with them.

This is also the reason why a "leading exchange" is precicely what this economy does NOT need.

The whole idea of leadership is one from the past really, maybe you want to have a look into some more democratic ways of thinking than wishing for a leader.

Joe

hilariousandco

global moderator

Activity: 3990

Merit: 2717

Join the world-leading crypto sportsbook NOW!

Quote from: zimmah on April 20, 2014, 07:41:54 AM

Quote from: 1Referee on April 20, 2014, 02:28:54 AM

Quote from: Nagle on April 20, 2014, 01:40:20 AM

We don't need a "leading exchange". We need exchanges where all customers can get money and Bitcoins in and out with no delays and no nonsense. All exchanges where assets flow easily in and out will converge on price, because any difference will cause arbitrage transactions to pull them together.

Very good point, in most cases it is very easy to get BTC and $ in, but getting it out easy is a different story. The exchange keeps control over us, which makes it less decentral.

A two way ATM would be awesome, it must be easy to buy and sell BTC without a hassle.

I have seen a review of an ATM where you need to wait so long in order to get your BTC that was horrible, at first the machine have to scan your ID card, then it wants your fingerprints, then a picture of your face, then you have to wait 10 minits for the machine to process everything, also not so decentral....

But there are also good ATMs, where you just scan the QR code, insert the money, and you have the BTC instantly, no ID card required, no fingerprints.... Perfect ATM Grin

The whole identity scan thing is most likely due to laws

It is, but it makes the process very tiresome and confusing for many. ATMs are meant to be quick and simple, not drawn out and complicated. To the new user it's annoying and off-putting.

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: 1Referee on April 20, 2014, 02:28:54 AM

Quote from: Nagle on April 20, 2014, 01:40:20 AM

We don't need a "leading exchange". We need exchanges where all customers can get money and Bitcoins in and out with no delays and no nonsense. All exchanges where assets flow easily in and out will converge on price, because any difference will cause arbitrage transactions to pull them together.

Very good point, in most cases it is very easy to get BTC and $ in, but getting it out easy is a different story. The exchange keeps control over us, which makes it less decentral.

A two way ATM would be awesome, it must be easy to buy and sell BTC without a hassle.

I have seen a review of an ATM where you need to wait so long in order to get your BTC that was horrible, at first the machine have to scan your ID card, then it wants your fingerprints, then a picture of your face, then you have to wait 10 minits for the machine to process everything, also not so decentral....

But there are also good ATMs, where you just scan the QR code, insert the money, and you have the BTC instantly, no ID card required, no fingerprints.... Perfect ATM Grin

The whole identity scan thing is most likely due to laws

Dogtanian

hero member

Activity: 756

Merit: 500

Quote from: vnvizow on April 20, 2014, 07:28:16 AM

Quote from: bryant.coleman on April 20, 2014, 02:17:08 AM

Quote from: meliz98 on April 20, 2014, 01:51:24 AM

We need more two way bitcoin atms.

May be. But need to make them simple to use, so that common people may be able to use them. I have seen some of the videos of the Bitcoin ATMs. It seems that only the tech savvy might be able to use them.

How are they hard to use? The concept is just sending BTC to an address and get cash in return or deposit cash to get BTC sent to your address right? and I think most of the ATM's are QR code operated

Some of them are very difficult to use and you need fingerprint scans and ID and to wait for verification etc and it's a ballache.

vnvizow

sr. member

Activity: 364

Merit: 250

Quote from: bryant.coleman on April 20, 2014, 02:17:08 AM

Quote from: meliz98 on April 20, 2014, 01:51:24 AM

We need more two way bitcoin atms.

May be. But need to make them simple to use, so that common people may be able to use them. I have seen some of the videos of the Bitcoin ATMs. It seems that only the tech savvy might be able to use them.

How are they hard to use? The concept is just sending BTC to an address and get cash in return or deposit cash to get BTC sent to your address right? and I think most of the ATM's are QR code operated

hilariousandco

global moderator

Activity: 3990

Merit: 2717

Join the world-leading crypto sportsbook NOW!

Quote from: Dogtanian on April 20, 2014, 07:12:07 AM

We don't need a 'leadin' exchange but the market will determine it eventually.

The bigger the exchange gets the more problems it will incur, but I agree the people will decide what the best or leading market is to use based on the service they provide.

Dogtanian

hero member

Activity: 756

Merit: 500

We don't need a 'leading' exchange but the market will determine it eventually.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: bryant.coleman on April 20, 2014, 02:17:08 AM

Quote from: meliz98 on April 20, 2014, 01:51:24 AM

We need more two way bitcoin atms.

May be. But need to make them simple to use, so that common people may be able to use them. I have seen some of the videos of the Bitcoin ATMs. It seems that only the tech savvy might be able to use them.

The issues with ATM's are more to do with KYC/AML compliance than actual usability from what I've seen.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: ljudotina on April 20, 2014, 02:45:20 AM

Quote from: 1Referee on April 20, 2014, 02:28:54 AM

Very good point, in most cases it is very easy to get BTC and $ in...

I know only 1 local exchange where that is easy, but as it's local, traffic is low so price is high and amount of available BTC is low. Every other exchange is hard to get your money into as they require all sorts of verifications.

You can get BTC and $ in without problems before verification. But when you try to withdraw your funds, they will force you to walk through the verification process.

I buy BTC from a company in my country, they charge nearly no fee for buying, then I transfer the BTC to exchange and sell them for $

ljudotina

legendary

Activity: 1260

Merit: 1029

Quote from: 1Referee on April 20, 2014, 02:28:54 AM

Very good point, in most cases it is very easy to get BTC and $ in...

I know only 1 local exchange where that is easy, but as it's local, traffic is low so price is high and amount of available BTC is low. Every other exchange is hard to get your money into as they require all sorts of verifications.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: Nagle on April 20, 2014, 01:40:20 AM

We don't need a "leading exchange". We need exchanges where all customers can get money and Bitcoins in and out with no delays and no nonsense. All exchanges where assets flow easily in and out will converge on price, because any difference will cause arbitrage transactions to pull them together.

Very good point, in most cases it is very easy to get BTC and $ in, but getting it out easy is a different story. The exchange keeps control over us, which makes it less decentral.

A two way ATM would be awesome, it must be easy to buy and sell BTC without a hassle.

I have seen a review of an ATM where you need to wait so long in order to get your BTC that was horrible, at first the machine have to scan your ID card, then it wants your fingerprints, then a picture of your face, then you have to wait 10 minits for the machine to process everything, also not so decentral....

But there are also good ATMs, where you just scan the QR code, insert the money, and you have the BTC instantly, no ID card required, no fingerprints.... Perfect ATM Grin

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: meliz98 on April 20, 2014, 01:51:24 AM

We need more two way bitcoin atms.

May be. But need to make them simple to use, so that common people may be able to use them. I have seen some of the videos of the Bitcoin ATMs. It seems that only the tech savvy might be able to use them.

meliz98

member

Activity: 68

Merit: 10

We need more two way bitcoin atms.

sanjoea

full member

Activity: 154

Merit: 100

Quote from: Nagle on April 20, 2014, 01:40:20 AM

We don't need a "leading exchange". We need exchanges where all customers can get money and Bitcoins in and out with no delays and no nonsense. All exchanges where assets flow easily in and out will converge on price, because any difference will cause arbitrage transactions to pull them together.

Exactly this is what we expect from exchangers

Topic: MtGox was a leading exchange! (Read 1462 times)