one person with two accounts on Gox?

Bigpiggy01

hero member

Activity: 1138

Merit: 523

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

hero member

Activity: 616

Merit: 502

Quote from: ?? on ??

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

+1000

Vandroiy

legendary

Activity: 1036

Merit: 1002

Quote from: arepo on February 04, 2012, 01:26:51 PM

Quote from: Kluge on February 04, 2012, 01:14:21 PM

Quote from: byronbb on February 04, 2012, 01:08:52 PM

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

sr. member

Activity: 431

Merit: 251

Quote from: fred0 on February 04, 2012, 02:16:36 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

sr. member

Activity: 349

Merit: 250

Quote from: WhatsHappening on February 04, 2012, 02:10:44 PM

Quote from: alan2here on February 04, 2012, 12:10:03 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

newbie

Activity: 23

Merit: 0

Quote from: alan2here on February 04, 2012, 12:10:03 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

donator

Activity: 1218

Merit: 1015

Quote from: RyNinDaCleM on February 04, 2012, 01:47:34 PM

Quote from: Kluge on February 04, 2012, 01:14:21 PM

Quote from: byronbb on February 04, 2012, 01:08:52 PM

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

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: Kluge on February 04, 2012, 01:14:21 PM

Quote from: byronbb on February 04, 2012, 01:08:52 PM

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

0.65% fees

Isn't 0.25% is the minimum fee?

Yes.

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

fred0

sr. member

Activity: 349

Merit: 250

Quote from: alan2here on February 04, 2012, 12:10:03 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

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: Kluge on February 04, 2012, 01:14:21 PM

Quote from: byronbb on February 04, 2012, 01:08:52 PM

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

donator

Activity: 1218

Merit: 1015

Quote from: byronbb on February 04, 2012, 01:08:52 PM

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

0.65% fees

Isn't 0.25% is the minimum fee?

Yes.

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

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

0.65% fees

Isn't 0.25% is the minimum fee?

alan2here

hero member

Activity: 1778

Merit: 504

WorkAsPro

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

gewure

sr. member

Activity: 364

Merit: 250

[#][#][#]

0.65% fees

k

sr. member

Activity: 451

Merit: 250

fees?

alan2here

hero member

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 2062 times)