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Topic: MtGox was a leading exchange! - page 2. (Read 1418 times)

legendary
Activity: 1204
Merit: 1000
April 20, 2014, 02:40:20 AM
#2
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.
legendary
Activity: 2170
Merit: 1427
April 19, 2014, 04:06:20 PM
#1
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.
I know bad news from China is making it even harder, but at the moment Bitstamp is probably the only large exchange accessible for customers worldwide.
At the moment Bitstamp is only following what China is doing, so we don't have to expect a lot effort from Bitstamp.

What if Huobi opens its doors for European and American customers, will that make a change for the stability of Bitcoin ?
I think it's not a matter of "if" Huobi will do that, but more "when"
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