When Mt. Gox was at $17.95, TradeHill was at $16.90

dserrano5

legendary

Activity: 1974

Merit: 1029

Quote from: Jered Kenna (TradeHill) on July 03, 2011, 02:41:49 PM

Paxum coming very soon.

Googling for both "europe site:paxum.com" and "euro site:paxum.com" yields 0 results. Doing "eur site:paxum.com" gives 2 results, both under the "Developers" section.

Am I missing something?

(plus, fees for loading/withdrawing funds are $50)

Clipse

hero member

Activity: 504

Merit: 502

Quote from: Jered Kenna (TradeHill) on July 03, 2011, 02:41:49 PM

Quote from: ?? on ??

Quote from: bitfon on June 27, 2011, 12:23:42 PM

Quote from: Vandroiy on June 27, 2011, 10:10:11 AM

Stupid thing is: I have to change back into BTC in tradehill since they can't pay me fiat decently, so if buying/selling doesn't even out statistically, I have to pay the fee twice when doing arbitrage.

Can't you take your fiat in dwolla pretty easily?

Dwolla is US only Roll Eyes

Paxum coming very soon.
Hopefully that will help with the fiat.
We're going to have it tied in to the API before we launch it so it should be nearly instant.
We're looking at other options as well and read all the feedback that we get.

We're looking at a major site revision and are currently working on it.
You're going to see big changes soon. We've hired more developers and we're going to be putting it out as soon as it's safe and secure.
The API is now live and if you need access send an email to [email protected]

-Jered

Im very interested in PAXUM support as an non-us client it will make things alot easier for me. Right now I can only make use of libertyreserve and its a pain on tradehill.

Jered Kenna (TradeHill)

sr. member

Activity: 420

Merit: 250

Quote from: ?? on ??

Quote from: bitfon on June 27, 2011, 12:23:42 PM

Quote from: Vandroiy on June 27, 2011, 10:10:11 AM

Stupid thing is: I have to change back into BTC in tradehill since they can't pay me fiat decently, so if buying/selling doesn't even out statistically, I have to pay the fee twice when doing arbitrage.

Can't you take your fiat in dwolla pretty easily?

Dwolla is US only Roll Eyes

Paxum coming very soon.
Hopefully that will help with the fiat.
We're going to have it tied in to the API before we launch it so it should be nearly instant.
We're looking at other options as well and read all the feedback that we get.

We're looking at a major site revision and are currently working on it.
You're going to see big changes soon. We've hired more developers and we're going to be putting it out as soon as it's safe and secure.
The API is now live and if you need access send an email to [email protected]

-Jered

marvinmartian

full member

Activity: 224

Merit: 100

OP is on crack.

TH BTC/USD prices are consistently higher than gox.

Anyone can verify this by just taking a look at both exchanges at random points during the day.

Nothing wrong with crack, but do be careful when driving.

njloof

member

Activity: 73

Merit: 10

This page does a good job of spotting these sorts of opportunities. And, yes, having your accounts already funded is key to being able to grab these deals before anyone else.

http://nyse-group.de/bitcoin-arbitrage

Someone will automate this and make a small but steady income out of it.

dinzy

full member

Activity: 140

Merit: 100

I cashed out buy buying BTC at Tradehill and moving to Mt. GOx. I did get a slightly better price in the end but it took an hour or 2 to be able to buy 50 BTC and another 2 hours for the 90 I sent to my Mt. Gox account.

Yeah I made a few bucks, but it wasn't quick enough for me to pounce on a quick opportunity on Mt.Gox

Alex Beckenham

full member

Activity: 154

Merit: 100

Quote from: hamdi on June 27, 2011, 01:54:28 AM

mtgox was on 18,
i had a sell order for 16.1 which didnt get fulfilled

something is not working there yet...

The 18 and the 15 seem to be some kind of glitch... I had a buy order for 15.5 which didn't get filled.

bitfon

full member

Activity: 532

Merit: 102

Quote from: Vandroiy on June 27, 2011, 10:10:11 AM

Stupid thing is: I have to change back into BTC in tradehill since they can't pay me fiat decently, so if buying/selling doesn't even out statistically, I have to pay the fee twice when doing arbitrage.

Can't you take your fiat in dwolla pretty easily?

marvinmartian

full member

Activity: 224

Merit: 100

And a few moments ago, TH was at $17 and gox at $16.5.

It goes back and forth.

Yes, TH has less volume than gox but not as much less as before gox got hacked. They were previously 10x TH's volume. Now they're more like 4x.

Things will stabilize, you'll see.

Othterwise, just buy BTC on the lower priced exchange and sell them on the higher priced one!

Vandroiy

legendary

Activity: 1036

Merit: 1002

Remember the trade fees are collected *per trade*, not at the end. That's annoying for arbitrage, the exchanges get a large portion.

I just checked tradehill for arbitrage and... well, there is some money when people go nuts, but the whole thing is quite a hassle and the large volumes aren't trivial to get.

Stupid thing is: I have to change back into BTC in tradehill since they can't pay me fiat decently, so if buying/selling doesn't even out statistically, I have to pay the fee twice when doing arbitrage.

Also, it's a hassle to deal with the tradehill fee system. Basically, you need a friend to get the referral link from, so you don't lose the money paid to the referrer. Bleh. This stuff is all not very nice for arbitrage if you're in for bigger sums, I guess that's why arbitrage isn't functioning well.

Jack of Diamonds

sr. member

Activity: 252

Merit: 251

The problem is liquidity. Every single other exchange is small fish.

Consider that Mt. Gox got more volume in 3 hours after opening than all other exchanges did in a week.

2 days after opening Gox volume will already be much past the 1 month average of Tradehill.

hamdi

hero member

Activity: 826

Merit: 500

mtgox was on 18,
i had a sell order for 16.1 which didnt get fulfilled

something is not working there yet...

true

newbie

Activity: 56

Merit: 0

Loose money where? On the floor? In your pocket?

Don't lose your loose money.

FlipPro

legendary

Activity: 1764

Merit: 1015

And people said I would loose money Roll Eyes

.

Teej

newbie

Activity: 14

Merit: 0

I've gotta say...I tried TH when gox came back up but wasn't trading yet.

I'm quite finished with TH now. Yuck. They didn't mess with my data (so far as I know) but as a trading interface it's beyond weak.

Without a colossal rebuild, I don't see a lot of business moving permanently to TH. Just my opinion as a small time miner/trader. The level of skin I have in this game is pretty low.

1.21gigawatts

member

Activity: 98

Merit: 10

volume is too low to make decent money. It's not like you can buy 100 BTC on tradehill and turn around and sell it.
You might find 1 to 10 bitcoins for the 16.90?

Coolhwip

member

Activity: 119

Merit: 10

Ok, here you go:

Happy now?

bitfon

full member

Activity: 532

Merit: 102

Disparities similar to this have been ongoing for 30 minutes, continuing at this moment.

Who's arbitraging these exchanges?

Topic: When Mt. Gox was at $17.95, TradeHill was at $16.90 (Read 4476 times)