one person with two accounts on Gox?

Bigpiggy01

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Quote

I think the better question to ask is, is MtGox trading with it self to make prices higher...

That's about the one thing I feel reasonably sure they aren't doing as they're getting themselves audited etc. And compliance for financial institutions in Japan a harsh. In light of that it would be pretty close to pissing your pants to keep warm during a blizzard.

naima53

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Quote from: ?? on ??

I think the better question to ask is, is MtGox trading with it self to make prices higher...

+1000

Vandroiy

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Quote from: arepo on February 04, 2012, 02:26:51 PM

Quote from: Kluge on February 04, 2012, 02:14:21 PM

Quote from: byronbb on February 04, 2012, 02:08:52 PM

Quote from: gewure on February 04, 2012, 01:12:53 PM

0.65% fees

Isn't 0.25% is the minimum fee?

Yes.

which may be the point, i presume. the OP inquires about the feasibility of establishing two accounts on MtGox, and then trading with oneself such that one's volume meter exceeds the threshold for minimum fees.

what say you?

Me say don't drink and post.

Edit: BTW, I calculated it for the fun, it costs something like 1350 BTC per account. Since the high-volume discounts are ridiculously puny, expect 3/4 of this as losses, which means more than 2000 BTC pure losses every 30 days to keep the show up, and that's only if you would trade six-digit BTC sums in that time-frame anyways -- which you have to if the manipulation is to make up for that kind of money.

epetroel

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Quote from: fred0 on February 04, 2012, 03:16:36 PM

Good idea, why don't you try it out, and see what happens?

You certainly can trade with yourself on Gox. I have a bot that (unwittingly) ends up doing this on occasion.

fred0

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Quote from: WhatsHappening on February 04, 2012, 03:10:44 PM

Quote from: alan2here on February 04, 2012, 01:10:03 PM

What stops one person trading with himself on two accounts on Gox?

Presumably having only one account gives possibility to trade with yourself. Does mt gox set any constraint that lowest ASK has to be greater than highest BID ?

Good idea, why don't you try it out, and see what happens?

WhatsHappening

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Quote from: alan2here on February 04, 2012, 01:10:03 PM

What stops one person trading with himself on two accounts on Gox?

Presumably having only one account gives possibility to trade with yourself. Does mt gox set any constraint that lowest ASK has to be greater than highest BID ?

Kluge

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Quote from: RyNinDaCleM on February 04, 2012, 02:47:34 PM

Quote from: Kluge on February 04, 2012, 02:14:21 PM

Quote from: byronbb on February 04, 2012, 02:08:52 PM

Quote from: gewure on February 04, 2012, 01:12:53 PM

0.65% fees

Isn't 0.25% is the minimum fee?

Yes.

Only after 500,000BTC volume in the last 30 days.

Though fee's reduced to .3% after just 10k trade volume in <30D.

RyNinDaCleM

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Legen -wait for it- dary

Quote from: Kluge on February 04, 2012, 02:14:21 PM

Quote from: byronbb on February 04, 2012, 02:08:52 PM

Quote from: gewure on February 04, 2012, 01:12:53 PM

0.65% fees

Isn't 0.25% is the minimum fee?

Yes.

Only after 500,000BTC volume in the last 30 days.

fred0

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Quote from: alan2here on February 04, 2012, 01:10:03 PM

What stops one person trading with himself on two accounts on Gox? Passing a BTC from one to the other then privatly back to himself, or whatever. Such that there seemed to be a lot of trading occuring at a much higher price than the average, moving the average up without the trader gaining or loosing any money?

How do you tell who you are trading with? If you are using Gox as an exchange, you have no control who you buy/sell from/to.

If you are using Gox as a wallet provider, passing BTC from wallet to wallet does not constitute an exchange trade.

arepo

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this statement is false

Quote from: Kluge on February 04, 2012, 02:14:21 PM

Quote from: byronbb on February 04, 2012, 02:08:52 PM

Quote from: gewure on February 04, 2012, 01:12:53 PM

0.65% fees

Isn't 0.25% is the minimum fee?

Yes.

which may be the point, i presume. the OP inquires about the feasibility of establishing two accounts on MtGox, and then trading with oneself such that one's volume meter exceeds the threshold for minimum fees.

what say you?

Kluge

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Quote from: byronbb on February 04, 2012, 02:08:52 PM

Quote from: gewure on February 04, 2012, 01:12:53 PM

0.65% fees

Isn't 0.25% is the minimum fee?

Yes.

byronbb

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HODL OR DIE

Quote from: gewure on February 04, 2012, 01:12:53 PM

0.65% fees

Isn't 0.25% is the minimum fee?

alan2here

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WorkAsPro

Thanks, so presumably it's about the volume of transaction more than the number of them.

gewure

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[#][#][#]

0.65% fees

k

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fees?

alan2here

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Activity: 1778

Merit: 504

WorkAsPro

What stops one person trading with himself on two accounts on Gox? Passing a BTC from one to the other then privatly back to himself, or whatever. Such that there seemed to be a lot of trading occuring at a much higher price than the average, moving the average up without the trader gaining or loosing any money?

Topic: one person with two accounts on Gox? (Read 2042 times)