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Topic: Which Bitcoin Exchange do you use and why ? - page 38. (Read 107048 times)

hero member
Activity: 612
Merit: 500
Did you read about that guy recently who sent 800 BTC to an MT Gox address? Crazy stuff. You'd think someone would take a little bit more care when sending that amount of money.... Undecided

Really? I didn't know that...

EDIT: I found the story with google. Tongue
http://www.reddit.com/r/Bitcoin/comments/273vi2/if_you_just_received_800_bitcoin_out_of_the_blue


Yeah, that's why I tell newbies that time better spent would be familiarizing themselves with blockchain and wallet uses rather than chasing 10k satoshi at a faucet.

What the hell...He sent 800 btc (about $380,000) to an address that he didn't even know what it was...

You would be surprised how many times people have sent coins to the wrong place because they only look at the 1st 2 or 3 digits, or only the last 2 or 3.

Addresses are to be copy-paste, NOT typed in. Hand typing is always error prone.

Copy/Paste doesn't fix the issue if you select the wrong thing to copy, or if you think you hit Ctrl-C and you end up hitting CTRL-X or something.  This was the discussion of the forums back in 2011 when the coins went from $1 to $30, people were killing themselves (figuratively) for losing thousands of BTC then!

That's true. But, I would expect them to double and triple check the address before pushing the "send" button, especially when they are making such a huge tx.
legendary
Activity: 2618
Merit: 1105
I got goxxed not long ago, I use bitstamp and coinbase now to fulfill my bitcoin addiction
DrG
legendary
Activity: 2086
Merit: 1035
Did you read about that guy recently who sent 800 BTC to an MT Gox address? Crazy stuff. You'd think someone would take a little bit more care when sending that amount of money.... Undecided

Really? I didn't know that...

EDIT: I found the story with google. Tongue
http://www.reddit.com/r/Bitcoin/comments/273vi2/if_you_just_received_800_bitcoin_out_of_the_blue


Yeah, that's why I tell newbies that time better spent would be familiarizing themselves with blockchain and wallet uses rather than chasing 10k satoshi at a faucet.

What the hell...He sent 800 btc (about $380,000) to an address that he didn't even know what it was...

You would be surprised how many times people have sent coins to the wrong place because they only look at the 1st 2 or 3 digits, or only the last 2 or 3.

Addresses are to be copy-paste, NOT typed in. Hand typing is always error prone.

Copy/Paste doesn't fix the issue if you select the wrong thing to copy, or if you think you hit Ctrl-C and you end up hitting CTRL-X or something.  This was the discussion of the forums back in 2011 when the coins went from $1 to $30, people were killing themselves (figuratively) for losing thousands of BTC then!
newbie
Activity: 22
Merit: 0
I have always used localbitcoins
sr. member
Activity: 308
Merit: 250
I use btc-e     
USD Withdrawal within 72 hours
legendary
Activity: 2226
Merit: 1052
Did you read about that guy recently who sent 800 BTC to an MT Gox address? Crazy stuff. You'd think someone would take a little bit more care when sending that amount of money.... Undecided

Really? I didn't know that...

EDIT: I found the story with google. Tongue
http://www.reddit.com/r/Bitcoin/comments/273vi2/if_you_just_received_800_bitcoin_out_of_the_blue


Yeah, that's why I tell newbies that time better spent would be familiarizing themselves with blockchain and wallet uses rather than chasing 10k satoshi at a faucet.

What the hell...He sent 800 btc (about $380,000) to an address that he didn't even know what it was...

You would be surprised how many times people have sent coins to the wrong place because they only look at the 1st 2 or 3 digits, or only the last 2 or 3.

Addresses are to be copy-paste, NOT typed in. Hand typing is always error prone.
DrG
legendary
Activity: 2086
Merit: 1035
Did you read about that guy recently who sent 800 BTC to an MT Gox address? Crazy stuff. You'd think someone would take a little bit more care when sending that amount of money.... Undecided

Really? I didn't know that...

EDIT: I found the story with google. Tongue
http://www.reddit.com/r/Bitcoin/comments/273vi2/if_you_just_received_800_bitcoin_out_of_the_blue


Yeah, that's why I tell newbies that time better spent would be familiarizing themselves with blockchain and wallet uses rather than chasing 10k satoshi at a faucet.

What the hell...He sent 800 btc (about $380,000) to an address that he didn't even know what it was...

You would be surprised how many times people have sent coins to the wrong place because they only look at the 1st 2 or 3 digits, or only the last 2 or 3.
hero member
Activity: 612
Merit: 500
Did you read about that guy recently who sent 800 BTC to an MT Gox address? Crazy stuff. You'd think someone would take a little bit more care when sending that amount of money.... Undecided

Really? I didn't know that...

EDIT: I found the story with google. Tongue
http://www.reddit.com/r/Bitcoin/comments/273vi2/if_you_just_received_800_bitcoin_out_of_the_blue


Yeah, that's why I tell newbies that time better spent would be familiarizing themselves with blockchain and wallet uses rather than chasing 10k satoshi at a faucet.

What the hell...He sent 800 btc (about $380,000) to an address that he didn't even know what it was...
DrG
legendary
Activity: 2086
Merit: 1035
Did you read about that guy recently who sent 800 BTC to an MT Gox address? Crazy stuff. You'd think someone would take a little bit more care when sending that amount of money.... Undecided

Really? I didn't know that...

EDIT: I found the story with google. Tongue
http://www.reddit.com/r/Bitcoin/comments/273vi2/if_you_just_received_800_bitcoin_out_of_the_blue


Yeah, that's why I tell newbies that time better spent would be familiarizing themselves with blockchain and wallet uses rather than chasing 10k satoshi at a faucet.
hero member
Activity: 625
Merit: 500
Did you read about that guy recently who sent 800 BTC to an MT Gox address? Crazy stuff. You'd think someone would take a little bit more care when sending that amount of money.... Undecided

Really? I didn't know that...

EDIT: I found the story with google. Tongue
http://www.reddit.com/r/Bitcoin/comments/273vi2/if_you_just_received_800_bitcoin_out_of_the_blue
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
Iam not sure sometimes in Mt.Gox sometimes in btc-e and sometimes i sell to people.
Depending on the rate is different on each exchanger  Grin
But selling to the people is profitable  Cool

Sometimes on Mt Gox? Uhh, where have you been? Been a while since anyone could sell there. Wink

For the newbies -- don't send any BTC to your old Gox addresses. Apparently people are STILL making that mistake. Tongue

I hope he has only used mtgox long time ago before it went down. Tongue

Did you read about that guy recently who sent 800 BTC to an MT Gox address? Crazy stuff. You'd think someone would take a little bit more care when sending that amount of money.... Undecided
hero member
Activity: 625
Merit: 500
Iam not sure sometimes in Mt.Gox sometimes in btc-e and sometimes i sell to people.
Depending on the rate is different on each exchanger  Grin
But selling to the people is profitable  Cool

Sometimes on Mt Gox? Uhh, where have you been? Been a while since anyone could sell there. Wink

For the newbies -- don't send any BTC to your old Gox addresses. Apparently people are STILL making that mistake. Tongue

I hope he has only used mtgox long time ago before it went down. Tongue
hero member
Activity: 625
Merit: 500
BTC-e

Reason: more volatility, they have more coins, other than btc and litecoin, and they have the trollbox.

LOL -- trollbox. Somehow, I get the feeling that this assists in the ridiculous spikes BTCE has in both directions.... Stamp will move $5, BTCE will wick $10 in both directions. And the trollbox is causing so much panic during this time, hehe.

Whatever you do, don't listen to the trollbox. Before I learned that, I lost a bunch of money in both directions, selling at the bottom and buying a the top. Ughhh. Trust yourself and not the trolls, lol....

It is always fun to read the trollbox, but you shouldn't listen to their "advice" at all lol. Cheesy
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
Iam not sure sometimes in Mt.Gox sometimes in btc-e and sometimes i sell to people.
Depending on the rate is different on each exchanger  Grin
But selling to the people is profitable  Cool

Sometimes on Mt Gox? Uhh, where have you been? Been a while since anyone could sell there. Wink

For the newbies -- don't send any BTC to your old Gox addresses. Apparently people are STILL making that mistake. Tongue
hero member
Activity: 624
Merit: 500
BTC-e

Reason: more volatility, they have more coins, other than btc and litecoin, and they have the trollbox.

LOL -- trollbox. Somehow, I get the feeling that this assists in the ridiculous spikes BTCE has in both directions.... Stamp will move $5, BTCE will wick $10 in both directions. And the trollbox is causing so much panic during this time, hehe.

Whatever you do, don't listen to the trollbox. Before I learned that, I lost a bunch of money in both directions, selling at the bottom and buying a the top. Ughhh. Trust yourself and not the trolls, lol....
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
BTC-e

Reason: more volatility, they have more coins, other than btc and litecoin, and they have the trollbox.

LOL -- trollbox. Somehow, I get the feeling that this assists in the ridiculous spikes BTCE has in both directions.... Stamp will move $5, BTCE will wick $10 in both directions. And the trollbox is causing so much panic during this time, hehe.
legendary
Activity: 1120
Merit: 1000
BTC-e

Reason: more volatility, they have more coins, other than btc and litecoin, and they have the trollbox.
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
I use BTC-E, but sometimes I hate it cos it's really slow

Really slow in what way? I actually prefer them for their fast trade engine. Bitfinex and Stamp both have horribly slow, laggy trade engines. BTC-E, on the other hand, actually manages to trade in real time by having an atomic trade engine.
legendary
Activity: 2226
Merit: 1052
I use BTC-E, but sometimes I hate it cos it's really slow

They have to be... they process any Tx beyond 10 BTC manually
newbie
Activity: 42
Merit: 0
I use BTC-E, but sometimes I hate it cos it's really slow
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