The more exchanges there are, the better it is. There can also be competition between them, leading to better prices.
Absolutely. Much in the same vein of BTC: decentralize!
Topic: Why? (Read 1929 times)
Britcoin is stable enough if it's relevent. Low volume, but it doesn't seem to fluctuate as wildly: it's less volume but less overall population that will use it I guess, seems like all the mad investors are trying to play with bigger exchanges for faster turnaround and more opportunity to "correct" wider swings.
This is what I do:
Bank > £ > Euro Exchange > ฿ > Tradehill > $
$ > Tradehill > ฿ > Euro Exchange > £ > Bank
If you time it right you can make profit when travelling in either direction.
Bank > £ > Euro Exchange > ฿ > Tradehill > $
$ > Tradehill > ฿ > Euro Exchange > £ > Bank
If you time it right you can make profit when travelling in either direction.
Or bank --> Mt Gox --> bank.
Time a purchase after market has panicked more than 40% of daily opening. Sell when it rises 20% or more and withdraw.
Meh, as a USD user the lack of euro trading doesn't really affect me.
There are more than enough trades to keep the system moving at a good pace, fair price and for me to be able to quickly buy and transfer BTC which is why I'm liking tradehill, Plus it generally runs smoother and is more stable than Mt. Gox to me.
It would be nice obviously for Euro to be supported, as well as GBP
There are more than enough trades to keep the system moving at a good pace, fair price and for me to be able to quickly buy and transfer BTC which is why I'm liking tradehill, Plus it generally runs smoother and is more stable than Mt. Gox to me.
It would be nice obviously for Euro to be supported, as well as GBP
Tradehill doesn't support European transfer methods and basically pays people to spam about them. Either is enough that I won't use them.
I don't have a problem with the spam as long as you have lower fees. The European Transfer methods are the real problem. It's online for 2 weeks now and there is still nothing, so as long have half of the BTC community can't use Tradehill its no competition to MtGox 
Mt. Gox, Tradehill and Bitcoin 7 should all be "up". There should be no single point of failure in our network. If we have no way of converting USD to BTC and back, Bitcoin is practically sealed off from most of the world.
The more exchanges there are, the better it is. There can also be competition between them, leading to better prices.
The more exchanges there are, the better it is. There can also be competition between them, leading to better prices.
And more importantly, competition between them will lead to better practices.
Mt. Gox, Tradehill and Bitcoin 7 should all be "up". There should be no single point of failure in our network. If we have no way of converting USD to BTC and back, Bitcoin is practically sealed off from most of the world.
The more exchanges there are, the better it is. There can also be competition between them, leading to better prices.
The more exchanges there are, the better it is. There can also be competition between them, leading to better prices.
tradehill will catch up
QFT
Or rather: "I'm hoping TradeHill catches up"
Because it's the only "real" exchange. The other ones have a long way to go before becoming professional.
99% of exchanges are member-to-member, which means
1. Lots of fake and canceled bids
2. If user pays with Paypal then there is a high risk you are being scammed by chargeback
3. Low liquidity.
On Mt. Gox you can add funds by wire transfer, withdraw by wire transfer, and the server automates all trades (you can only bid & sell if you have funds in your account). That's why it achieves huge liquidity.
99% of exchanges are member-to-member, which means
1. Lots of fake and canceled bids
2. If user pays with Paypal then there is a high risk you are being scammed by chargeback
3. Low liquidity.
On Mt. Gox you can add funds by wire transfer, withdraw by wire transfer, and the server automates all trades (you can only bid & sell if you have funds in your account). That's why it achieves huge liquidity.
MtGox
https://i.imgur.com/xbiA6l.jpg
TradeHill
https://i.imgur.com/0Dp6jl.jpg
Britcoin
https://i.imgur.com/Mo5mnl.jpg
All the high rollers in MtGox?
https://i.imgur.com/xbiA6l.jpg
TradeHill
https://i.imgur.com/0Dp6jl.jpg
Britcoin
https://i.imgur.com/Mo5mnl.jpg
All the high rollers in MtGox?
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