Tradehill Extensive Parsing of Sell Order - Have you encountered this ???

spruce

full member

Activity: 140

Merit: 100

Quote from: StewartJ on June 28, 2011, 07:41:02 PM

Quote from: spruce on June 28, 2011, 07:29:04 PM

I recently traded on Britcoin and it was similar, except it was 6 transactions over about 5 hours.

Mt Gox has a much bigger trading volume and so this won't happen with a small order.

Hi Spruce,

If one were to do a sell order for 100 BTC on Mt Gox, would you expect those parsing/time problems to occur?

Hi Stew,

Dunno, sorry. My few trades on Mt Gox were under 10 BTC and were rapid. Someone else would need to answer re 100 BTC and usual behaviour.

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: spruce on June 28, 2011, 07:29:04 PM

I recently traded on Britcoin and it was similar, except it was 6 transactions over about 5 hours.

Mt Gox has a much bigger trading volume and so this won't happen with a small order.

Hi Spruce,

If one were to do a sell order for 100 BTC on Mt Gox, would you expect those parsing/time problems to occur?

I am playing with Tradehill and getting my feet wet trading on there. It's a bit frustrating to try to get a smooth transaction there.

Thanks for your feedback.

Stew

spruce

full member

Activity: 140

Merit: 100

I recently traded on Britcoin and it was similar, except it was 6 transactions over about 5 hours.

Mt Gox has a much bigger trading volume and so this won't happen with a small order.

StewartJ

sr. member

Activity: 392

Merit: 250

Hi folks,

I was on Tradehill today and sold 8 BTC for the current closing cost.

This order ended up being 15 separate sell "fragments" and it took nearly 10 minutes to complete.

I understand the nature of breaking up these buy and sell orders, for the pool of available incremental buyers/sellers.

But seriously, 15 fragments in 9 minutes? Anyone else encounter this strangeness?

Am I correct in assuming things will be smoother on Mt Gox exchange?

I am gearing up to trade on MT Gox, as the volume looks much better there for trading, as there is wickedly thin volume at Tradehill.

Thanks for reading,
Stew

Topic: Tradehill Extensive Parsing of Sell Order - Have you encountered this ??? (Read 840 times)