Bitcoin Forum

Economy => Speculation => Topic started by: zby on January 08, 2014, 12:07:39 PM



Title: btc-e now has the biggest daily volume
Post by: zby on January 08, 2014, 12:07:39 PM
Any speculations based on this?


Title: Re: btc-e now has the biggest daily volume
Post by: silverston on January 08, 2014, 02:30:38 PM
because it is the best Exchange  ;)


Title: Re: btc-e now has the biggest daily volume
Post by: Wilhelm on January 08, 2014, 07:03:19 PM
because it is the best Exchange  ;)

Yep they rob their customers ;)
Just to clarify I know someone who lost 2 BTC without getting any confirmation emails... nothing... I don't trust them any more.


Title: Re: btc-e now has the biggest daily volume
Post by: pietje on January 08, 2014, 07:23:17 PM
I heard more rumours about dissapeared coins. Never had any problems myself so far, and its pretty nice to change to alts sometimes.


Title: Re: btc-e now has the biggest daily volume
Post by: TERA on January 08, 2014, 07:29:23 PM
Btce users will point out a 100btc trade on gox while ignoring the 1000btc trade that just happened at the same time on their own exchange.


Title: Re: btc-e now has the biggest daily volume
Post by: Walsoraj on January 08, 2014, 07:31:47 PM
BTCe volume is about as real as that on Houbi.

Side note: Anyone else find it interesting that BTCe's trade engine can handle such extraordinary volume, not just bitcoin but all the alts too, without significant lag? Hmm...

*edit*

Also interesting are the frequent account log outs after dumping begins. How much does one have to pay the operators to get dump priority?


Title: Re: btc-e now has the biggest daily volume
Post by: MAbtc on January 08, 2014, 07:33:04 PM
because it is the best Exchange  ;)

Yep they rob their customers ;)
Just to clarify I know someone who lost 2 BTC without getting any confirmation emails... nothing... I don't trust them any more.
I'm skeptical of some of the stories I hear about BTC-E. Yes -- support is abysmal. People freak out when funds aren't credited, etc. and no can speak English to them. LOL. But most claims I see like this follow a pattern: newbie goes apeshit, accuses BTC-E of scamming, then disappears after the issue was presumably resolved -- without ever mentioning the outcome.

It's by far my favorite exchange. Good trade engine, low commissions, no dox, very volatile. I've been trading there since April and never had a problem. (Of course, I don't deposit and withdrawal fiat.)

Btce users will point out a 100btc trade on gox while ignoring the 1000btc trade that just happened at the same time on their own exchange.
It's really insane. Yesterday I remember we rallied ~ $35 or so in 5 minutes, seemingly on the basis of a ~60 BTC market buy on Gox. Then fell right back...


Title: Re: btc-e now has the biggest daily volume
Post by: TERA on January 08, 2014, 07:37:12 PM
BTCe volume is about as real as that on Houbi.

Side note: Anyone else find it interesting that BTCe's trade engine can handle such extraordinary volume, not just bitcoin but all the alts too, without significant lag? Hmm...
I don't think its fake, just a lot of bots in play and the fee is low compared to other exchanges. I've been able to do large trades there just fine. As for the speed, I always thought it was the vodka-powered Russian engineering. It really is a great platform to use. When the shit is hitting the fan(high volume), you can count on btce to run like a well-oiled Russian nuclear war machine while all the other exchanges crap out.


Title: Re: btc-e now has the biggest daily volume
Post by: Walsoraj on January 08, 2014, 07:42:25 PM
BTCe volume is about as real as that on Houbi.

Side note: Anyone else find it interesting that BTCe's trade engine can handle such extraordinary volume, not just bitcoin but all the alts too, without significant lag? Hmm...
I don't think its fake, just a lot of bots in play and the fee is low compared to other exchanges. I've been able to do large trades there just fine. As for the speed, I always thought it was the vodka-powered Russian engineering. It really is a great platform to use. When the shit is hitting the fan(high volume), you can count on btce to run like a well-oiled Russian nuclear war machine while all the other exchanges crap out.

What do you think those bots are doing? They are likely owned by the same trader or a small group working together. I wouldn't be surprised to learn they have a special no-fee arrangement with BTCe.


Title: Re: btc-e now has the biggest daily volume
Post by: N12 on January 08, 2014, 07:44:56 PM
False data and manipulation everywhere.

I see that bitcoincharts' 30d data differs from bitcoinity's hugely for some reason. On bitcoinity, btc-e is third with 569k, but on bitcoincharts it is first with 844k.

Compare:
http://bitcoincharts.com/markets/
http://bitcoinity.org/markets/list?currency=USD&span=30d

Goes to show how little you can trust those websites. :(


Title: Re: btc-e now has the biggest daily volume
Post by: Walsoraj on January 08, 2014, 07:48:59 PM
http://bitcoinwisdom.com/markets/huobi/btccny

^LOL! Huge volume leaves Huobi and mysteriously pops up on BTCe? hahaha. Pretty clear what's going on.


Title: Re: btc-e now has the biggest daily volume
Post by: mellowyellow on January 08, 2014, 07:54:10 PM
http://bitcoinwisdom.com/markets/huobi/btccny

^LOL! Huge volume leaves Huobi and mysteriously pops up on BTCe? hahaha. Pretty clear what's going on.

Yes, the Chinese went to bed and Europe just got home from work.

Honestly if you put half as much energy into learning and actually trading than trying to reduce the price so you can buy you'd be a gazillionnaire.


Title: Re: btc-e now has the biggest daily volume
Post by: Walsoraj on January 08, 2014, 08:01:44 PM
http://bitcoinwisdom.com/markets/huobi/btccny

^LOL! Huge volume leaves Huobi and mysteriously pops up on BTCe? hahaha. Pretty clear what's going on.

Yes, the Chinese went to bed and Europe just got home from work.

Honestly if you put half as much energy into learning and actually trading than trying to reduce the price so you can buy you'd be a gazillionnaire.

Not likely. I don't actually view links before posting them.


Title: Re: btc-e now has the biggest daily volume
Post by: outofservice on January 08, 2014, 08:13:07 PM
I like the platform, fast and volatile making for some good trading.

No problems except for two orders that were only partially filled and no notice given. I lost out on making good money on one and significantly increasing my coins on the other. That's only two trades out of MANY, everything has been good to go.
I send my coins from BTC-E to Coinbase when I want to cash out.


Title: Re: btc-e now has the biggest daily volume
Post by: reb0rn21 on January 08, 2014, 08:30:41 PM
LTC is NEXT big thing, EOD!

BTC-e was first to see it right!

Rest all losers!


Title: Re: btc-e now has the biggest daily volume
Post by: virtualfaqs on January 08, 2014, 08:33:56 PM
So the fee is 0.2%? No tier system like others? I wasn't completely sure from their FAQ.
https://btc-e.com/page/2


Title: Re: btc-e now has the biggest daily volume
Post by: MAbtc on January 08, 2014, 08:34:35 PM
So the fee is 0.2%? No tier system like others? I wasn't completely sure from their FAQ.
https://btc-e.com/page/2
Yes, fee is .2% :D


Title: Re: btc-e now has the biggest daily volume
Post by: Walsoraj on January 08, 2014, 09:19:46 PM
So the fee is 0.2%? No tier system like others? I wasn't completely sure from their FAQ.
https://btc-e.com/page/2

Zero % if you bribe the operators.


Title: Re: btc-e now has the biggest daily volume
Post by: pabloangello on January 08, 2014, 09:32:39 PM
BTC China has -> http://bitcoincharts.com/markets/


Title: Re: btc-e now has the biggest daily volume
Post by: keithers on January 08, 2014, 11:27:17 PM
I use BTC-E for all my trading of Alt coins.   I have never had a problem (knock on wood), with any deposits, trades, or withdrawals.   I have done several transactions with BTC, LTC, and NMC, so I can vouch for at least those 3 going smoothly.

The only problem is that it is pretty difficult to get USD onto the website.   Each time I have resorted to buying BTC on coinbase.com and then sending it over to BTC-E.  The downside of doing that is that you get hit with the 1% fee on coinbase, and then the USD/BTC is usually lower on BTC-E than on coinbase, so you get skimmed a little off the top right there too...



Title: Re: btc-e now has the biggest daily volume
Post by: Apostata on January 09, 2014, 12:10:17 AM
Am I missing something here?  Huobi still has the largest volume http://bitcoinity.org/markets/list?currency=ALL&span=24h, with BTCe in 2nd place.  What am I missing?


Title: Re: btc-e now has the biggest daily volume
Post by: MAbtc on January 09, 2014, 12:27:48 AM
Am I missing something here?  Huobi still has the largest volume http://bitcoinity.org/markets/list?currency=ALL&span=24h, with BTCe in 2nd place.  What am I missing?
The suggestion is that Huobi's reported volume is fake. It's also been suggested to BTC-E's reported volume is fake. Hmmm.....


Title: Re: btc-e now has the biggest daily volume
Post by: Walsoraj on January 09, 2014, 12:28:40 AM
Am I missing something here?  Huobi still has the largest volume http://bitcoinity.org/markets/list?currency=ALL&span=24h, with BTCe in 2nd place.  What am I missing?

You missed the FUD train. Try a little harder to jump on board next time.


Title: Re: btc-e now has the biggest daily volume
Post by: seanneko on January 09, 2014, 12:43:15 AM

Any suggestions on how this was not done by BTC-e?
Only other possibility I see would be session hijacking or something like that. That would constitute to poor programming.

Someone with malware running on your computer could easily do what you described. Having a different password for your email wouldn't help if you're logged in to your email at the time (or have previously logged in - keylogger, etc).

Locking the screen only prevents someone physically sitting at the console from using it. It does nothing to a remote attacker.

Edit: Now his post is gone... He was accusing BTC-e of stealing 2 BTC from his account without sufficient evidence.


Title: Re: btc-e now has the biggest daily volume
Post by: TERA on January 09, 2014, 04:40:10 AM
I use BTC-E for all my trading of Alt coins.   I have never had a problem (knock on wood), with any deposits, trades, or withdrawals.   I have done several transactions with BTC, LTC, and NMC, so I can vouch for at least those 3 going smoothly.

The only problem is that it is pretty difficult to get USD onto the website.   Each time I have resorted to buying BTC on coinbase.com and then sending it over to BTC-E.  The downside of doing that is that you get hit with the 1% fee on coinbase, and then the USD/BTC is usually lower on BTC-E than on coinbase, so you get skimmed a little off the top right there too...


You withdraw fiat from btce?? I've always sent to stamp for that. Which method do you use and how is it like?


Title: Re: btc-e now has the biggest daily volume
Post by: ElectricMucus on January 09, 2014, 08:01:04 AM
btce has the easiest withdraw option, of all exchanges, I'm not telling you which because if too many people use it it might disappear. ;)


Title: Re: btc-e now has the biggest daily volume
Post by: piramida on January 09, 2014, 09:07:41 AM
Anyone else find it interesting that BTCe's trade engine can handle such extraordinary volume, not just bitcoin but all the alts too, without significant lag? Hmm...


Yes, this in fact shows how badly mtgox is coded; no amount of in-memory storage can help if your system is a piece crap to begin with.


Title: Re: btc-e now has the biggest daily volume
Post by: zby on January 09, 2014, 11:15:36 AM
Anyone else find it interesting that BTCe's trade engine can handle such extraordinary volume, not just bitcoin but all the alts too, without significant lag? Hmm...


Yes, this in fact shows how badly mtgox is coded; no amount of in-memory storage can help if your system is a piece crap to begin with.

I suspect that both MtGox and Stamp have O n^2 orders matching algos - while with simple data structures like heap you can get an n log n matching. Maybe btc-e have just better programmers.


Title: Re: btc-e now has the biggest daily volume
Post by: porcupine87 on January 09, 2014, 11:51:56 AM
So the fee is 0.2%? No tier system like others? I wasn't completely sure from their FAQ.
https://btc-e.com/page/2

Zero % if you bribe the operators.

Then it is obviously not zero %. Hey, you pay no fees if you bribe me with 1mio. dollar. So trading would be free for you  ::) And if you would pay more fees, why should I do this?


Title: Re: btc-e now has the biggest daily volume
Post by: Kaiji on January 09, 2014, 02:28:32 PM
For one altcoin on btc-e there are more than a few trade orders for ridiculous amounts such as 20 btc, 40 btc etc. Never understood that are they fake buy/sell orders that get pulled at the last minute? Or is someone trading with themselves.