Author

Topic: Regular exchange hours instead of 24/7 open market? (Read 1168 times)

full member
Activity: 224
Merit: 100
Forex markets trade 24/7, why can't bitcoin?
It is a currency, right?

Because up to now, no BTC exchange has the manpower for it.

also, FOREX actually know what the fuck they're doing...

How hard would it be to petition FOREX to list Bitcoin?
member
Activity: 84
Merit: 10
Forex markets trade 24/7, why can't bitcoin?
It is a currency, right?

Because up to now, no BTC exchange has the manpower for it.

also, FOREX actually know what the fuck they're doing...
member
Activity: 84
Merit: 10
M-F 0600-1600 GMT
newbie
Activity: 13
Merit: 0
Forex markets trade 24/7, why can't bitcoin?
It is a currency, right?
sr. member
Activity: 280
Merit: 250
Firstbits: 12pqwk
Let me guess, you are American? What about the rest of the world?

Holy XXX good point!!! yes I'm silly American Tongue
newbie
Activity: 20
Merit: 0
Let me guess, you are American? What about the rest of the world?
sr. member
Activity: 280
Merit: 250
Firstbits: 12pqwk
First of all mt.Gox is almost certainly understaffed, can't really blame them though as the community just grew too fast and they simply can't keep up with the growth.

Which makes it very dangerous to operate 24/7 on fully automated systems. I could be wrong, but they surely did not respond in time when their system was breached.

Now if they were to switch to an regular operating hours, such as the 9am-4pm, I'm sure they can easily hire a few human security monitors, who works for about 8 hours a day, 5 days a week, so if a problem is discovered they can do an emergency manual shut off to minimize the damage.

What do you guys think? Discuss!
Jump to: