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Topic: What's going on over at Virtex? (Read 2955 times)

legendary
Activity: 2282
Merit: 1050
Monero Core Team
June 09, 2012, 02:08:29 AM
#35
Virtex has been trading below the MtGox price for quite a while now. Seriously MtGox USD 5.63. Virtex ask 5.45 CAD or 5.31 USD. That is a 5.7% difference. I have seen the spread even higher. A great place to buy Bitcoin at market.
full member
Activity: 223
Merit: 100
June 08, 2012, 05:11:37 PM
#34

i would think Virtex  gets more day traders over time
and the day traders are increasing theirs order size over time

i would imagine this is the same story in all bitcoin markets


Makes sense. I also think more and more people are going to start dumping fiat money and flocking to Bitcoin as world economic conditions continue to deteriorate.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
June 08, 2012, 04:42:30 PM
#33

ya I've been using Virtex since it come out.
I've only seen the order books get filled with increasingly larger orders


What do you think could be behind this? People rushing to convert large amounts of fiat into Bitcoins before it takes off? Or some form of shenanigans?   Grin

i would think Virtex  gets more day traders over time
and the day traders are increasing theirs order size over time

i would imagine this is the same story in all bitcoin markets
full member
Activity: 223
Merit: 100
June 08, 2012, 04:25:29 PM
#32

ya I've been using Virtex since it come out.
I've only seen the order books get filled with increasingly larger orders


What do you think could be behind this? People rushing to convert large amounts of fiat into Bitcoins before it takes off? Or some form of shenanigans?   Grin
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
June 08, 2012, 04:19:28 PM
#31
Wow, I've only been using Virtex for a couple of months but I can't recall ever seeing buy orders this large:



I feel really fortunate that I was able to get the majority of my coins under $5 - I don't see it dipping back down that low anytime soon. At this point I'd be jumping for joy at $5.20 CAD. Come on weekend dip  Grin

ya I've been using Virtex since it come out.
I've only seen the order books get filled with increasingly larger orders
its feel like, even if mtgox goes back to 5.3x, Virtex will only drop to 5.2x




full member
Activity: 223
Merit: 100
June 08, 2012, 04:03:46 PM
#30
Wow, I've only been using Virtex for a couple of months but I can't recall ever seeing buy orders this large:



I feel really fortunate that I was able to get the majority of my coins under $5 - I don't see it dipping back down that low anytime soon. At this point I'd be jumping for joy at $5.20 CAD. Come on weekend dip  Grin
donator
Activity: 980
Merit: 1004
felonious vagrancy, personified
June 01, 2012, 10:52:36 PM
#29
Anyone have any idea why?

Yeah, I know exactly why: NO TRADING API.
member
Activity: 99
Merit: 10
May 30, 2012, 09:31:02 PM
#28
they were not selling, and I don't really need the cash at the moment.. so I figured might as well keep them in cold storage..
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
May 30, 2012, 09:30:01 PM
#27
They seem to be down right now.

good thing I already withdrew my 400 coins from there couple days ago!..

but shit... had I waited a week when I cashed out close to 2k coins... I woulda made an extra 600$:(

Meow what we got here is a failure to communicate....

They are up btw..


what made you take them out ?
member
Activity: 99
Merit: 10
May 30, 2012, 09:10:55 PM
#26
They seem to be down right now.

good thing I already withdrew my 400 coins from there couple days ago!..

but shit... had I waited a week when I cashed out close to 2k coins... I woulda made an extra 600$:(
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
May 30, 2012, 09:04:40 PM
#25
They seem to be down right now.

It's summer here and the igloos melted  Sad

Yeah, my fucking polar bear outside is dead..  

Shit.. how am I going to get to work, the ice on the roads melted and I just sharpened my skates...   Roll Eyes

I'm just gonna stay in and chug maple syrup

lol

http://www.youtube.com/watch?v=IguAgCLShOY

I am all that is man...   

Diabeetus....

Cheesy
I love their shenanigans! That movie made me want to be a cop, just to say "license and registration...Chicken F*cker".
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
May 30, 2012, 07:16:19 PM
#24
They seem to be down right now.

It's summer here and the igloos melted  Sad

Yeah, my fucking polar bear outside is dead..  

Shit.. how am I going to get to work, the ice on the roads melted and I just sharpened my skates...   Roll Eyes

I'm just gonna stay in and chug maple syrup

lol

http://www.youtube.com/watch?v=IguAgCLShOY

I am all that is man...   

Diabeetus....
hero member
Activity: 560
Merit: 500
May 30, 2012, 07:01:50 PM
#23
They seem to be down right now.

It's summer here and the igloos melted  Sad

Yeah, my fucking polar bear outside is dead.. 

Shit.. how am I going to get to work, the ice on the roads melted and I just sharpened my skates...   Roll Eyes

I'm just gonna stay in and chug maple syrup
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
May 30, 2012, 06:51:18 PM
#22
They seem to be down right now.

It's summer here and the igloos melted  Sad

Yeah, my fucking polar bear outside is dead.. 

Shit.. how am I going to get to work, the ice on the roads melted and I just sharpened my skates...   Roll Eyes
hero member
Activity: 560
Merit: 500
May 30, 2012, 06:47:49 PM
#21
They seem to be down right now.

It's summer here and the igloos melted  Sad
full member
Activity: 151
Merit: 100
May 30, 2012, 06:38:33 PM
#20
They seem to be down right now.
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
May 30, 2012, 06:35:37 PM
#19
Legit bump...
full member
Activity: 196
Merit: 100
May 26, 2012, 10:34:19 PM
#18
Does cavirtex let you withdraw that much if you get some sort of level 2 authorization (like gox)? Didn't see anything on the site if you trade more than 10k month

From the transfer methods page linked at the bottom of the site.


Quote
Withdraw Canadian funds
You may withdraw with the follow methods.

Transfer type                                   Delay                  Fees   Daily Limit   Monthly Limit   Available
Direct Deposit (to your bank account)   1-2 business days   $6   $3,000      $8,000               Now
sr. member
Activity: 350
Merit: 250
May 26, 2012, 07:24:38 PM
#17
Does cavirtex let you withdraw that much if you get some sort of level 2 authorization (like gox)? Didn't see anything on the site if you trade more than 10k month
legendary
Activity: 1764
Merit: 1002
May 26, 2012, 12:51:56 PM
#16

ya,

we're looking at a slow slid back to 4.9's, until mtGox shoots up a bit...

i think we will stay over or very close to mtgox price for a long time

plan your trades accordingly Wink


Yeah, though I'm new to Bitcoin I just knew the sub $5 prices weren't going to last, so I've been buying pretty heavily all month. I figured I missed sub $10 silver, I sure as hell wasn't going to miss sub $5 Bitcoin as well  Grin

I can totally see another deflationary crash coming in the real world, a la 2008, but given the action over the last couple of weeks with the metals getting beaten down and Bitcoin holding steady, even rising a little, I don't think it would be wise to wait and hope for lower prices. I'm going to keep buying into dips, however small they may be.

very smart.
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