what? MtGox lets you fake the entire orderbook by letting you enter orders that never get executed because you dont have the funds?
The orders are inactive as long as the funds for them are not there.
Topic: Why are you going back to MtGox? - page 2. (Read 5186 times)
what? MtGox lets you fake the entire orderbook by letting you enter orders that never get executed because you dont have the funds?
The orders are inactive as long as the funds for them are not there.
+ tradehill doesn't seem to let me place orders if I don't have the funds to cover them at the time of placing the order whereas on mtgox it seems I could place a sell high and buy low even if there weren't any USD to cover the buy.
(perhaps for those sort of orders I should be using an external tool - but for now mtgox is more convenient)
what? MtGox lets you fake the entire orderbook by letting you enter orders that never get executed because you dont have the funds?
It's peculiar how stable the rates have been since MtG went down.
Certainly seems in line with the assertions that it was infested with pump-and-dump teams, dark-pool artists, and other market manipulators, whose scamming party was unexpectedly disrupted...
IMHO, the fewer people go back to MtG, and the more other exchanges discover rates regardless of the MtG price, the better for Bitcoin in the long term...
I bet it would be even more stable if you froze every single bitcoin.
And how about you look at actual data. The last 5 days of mtgox was 13.5 - 18. TH last 5 days was 8 - 17.5
It's peculiar how stable the rates have been since MtG went down.
Certainly seems in line with the assertions that it was infested with pump-and-dump teams, dark-pool artists, and other market manipulators, whose scamming party was unexpectedly disrupted...
IMHO, the fewer people go back to MtG, and the more other exchanges discover rates regardless of the MtG price, the better for Bitcoin in the long term...
I'd like to hear peoples reasons for going back to MtGox. In my opinion, their handling of the situation has been haphazard at best. It seems they've been very disingenuous about the exact circumstances of the break in. With other exchangers out there, what is pushing people back to MtGox?
Biggest volume, no fees, better security than they had before.yes !
Also, SEPA (EUR) transfers cost only a 2% fee. Not 25 US$ like Tradehill.
But the most important is the Trade Volume.
as above
+ it's easy to get AUD in
+ tradehill doesn't seem to let me place orders if I don't have the funds to cover them at the time of placing the order whereas on mtgox it seems I could place a sell high and buy low even if there weren't any USD to cover the buy.
(perhaps for those sort of orders I should be using an external tool - but for now mtgox is more convenient)
+ it's easy to get AUD in
+ tradehill doesn't seem to let me place orders if I don't have the funds to cover them at the time of placing the order whereas on mtgox it seems I could place a sell high and buy low even if there weren't any USD to cover the buy.
(perhaps for those sort of orders I should be using an external tool - but for now mtgox is more convenient)
Hmmm come to think of it I've noticed that as well on TradeHill. A bit annoying I'll admit! I'll post a suggestion on the other thread that is going on this borad.
as above
+ it's easy to get AUD in
+ tradehill doesn't seem to let me place orders if I don't have the funds to cover them at the time of placing the order whereas on mtgox it seems I could place a sell high and buy low even if there weren't any USD to cover the buy.
(perhaps for those sort of orders I should be using an external tool - but for now mtgox is more convenient)
+ it's easy to get AUD in
+ tradehill doesn't seem to let me place orders if I don't have the funds to cover them at the time of placing the order whereas on mtgox it seems I could place a sell high and buy low even if there weren't any USD to cover the buy.
(perhaps for those sort of orders I should be using an external tool - but for now mtgox is more convenient)
I'm not really looking to trade BTC in the near future, but some things Mt Gox have (Had? Wait and see...)going for them are:
- Volume
- EUR transfers
- Holds funds for traders. I light of recent events, this is obviously not without downsides, but I still much prefer only having to trust the exchange operator not to rip me off to having to wonder, with each trade, whether the person on the other end will pay up.
- Volume
- EUR transfers
- Holds funds for traders. I light of recent events, this is obviously not without downsides, but I still much prefer only having to trust the exchange operator not to rip me off to having to wonder, with each trade, whether the person on the other end will pay up.
Also, SEPA (EUR) transfers cost only a 2% fee.
I'd like to hear peoples reasons for going back to MtGox. In my opinion, their handling of the situation has been haphazard at best. It seems they've been very disingenuous about the exact circumstances of the break in. With other exchangers out there, what is pushing people back to MtGox?
Biggest volume, no fees, better security than they had before.
This.
Yes, this.
I'd like to hear peoples reasons for going back to MtGox. In my opinion, their handling of the situation has been haphazard at best. It seems they've been very disingenuous about the exact circumstances of the break in. With other exchangers out there, what is pushing people back to MtGox?
Biggest volume, no fees, better security than they had before.
This.
I'd like to hear peoples reasons for going back to MtGox. In my opinion, their handling of the situation has been haphazard at best. It seems they've been very disingenuous about the exact circumstances of the break in. With other exchangers out there, what is pushing people back to MtGox?
Biggest volume, no fees, better security than they had before.
I'd like to hear peoples reasons for going back to MtGox. In my opinion, their handling of the situation has been haphazard at best. It seems they've been very disingenuous about the exact circumstances of the break in. With other exchangers out there, what is pushing people back to MtGox?
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