Bitcoin Forum

Economy => Trading Discussion => Topic started by: Ninietz on January 15, 2014, 07:07:41 PM



Title: Why trade on MtGox
Post by: Ninietz on January 15, 2014, 07:07:41 PM
Why trade on MtGox;

Knowing that it is (very) difficult to get fund/BTC in and out of MtGox;

what is the reason/advantages that one trades on MtGox and not one of the other echanges ?

Thx in advance.


Title: Re: Why trade on MtGox
Post by: NeedForBitcoin on January 15, 2014, 08:35:47 PM
Most people trade because of higher volume and price and only withdraw the BTC.


Title: Re: Why trade on MtGox
Post by: cozytrade on January 15, 2014, 10:20:51 PM
Knowing that it is (very) difficult to get fund/BTC in and out of MtGox;

what is the reason/advantages that one trades on MtGox and not one of the other echanges ?

Is deposit also difficult? I thought deposit is relatively easy. Definitely advantage is to sell there and cash out with risk of withdrawal. Also, it is sensitive and have high beta.



Title: Re: Why trade on MtGox
Post by: MatTheCat on January 15, 2014, 10:27:32 PM
Why trade on MtGox;

Knowing that it is (very) difficult to get fund/BTC in and out of MtGox;

what is the reason/advantages that one trades on MtGox and not one of the other echanges ?

Thx in advance.

Cos people got trapped there when they stopped being able to give people their money back.

Gox volume has dropped off significantly and is increasingly becoming less and less relevant.

Who cares what Bitcoin costs on Gox if anything that is actually priced in Bitcoin tracks Bitstamp (somewhere that people can actually get their money out of).


Title: Re: Why trade on MtGox
Post by: LakeBTC on January 16, 2014, 02:12:43 AM
 :)  our exchange LakeBTC.com (http://LakeBTC.com) check it out  :P


Title: Re: Why trade on MtGox
Post by: Sindelar1938 on January 16, 2014, 12:07:19 PM
The btc extraction lever still works pretty well
It's the fiat choke points that suck


Title: Re: Why trade on MtGox
Post by: Caleb on January 16, 2014, 03:32:00 PM
I think security is the main reason. In one year time I think people will recognize bitstamp as n.1 trading place.


Title: Re: Why trade on MtGox
Post by: scottii on January 17, 2014, 12:50:00 AM
Why trade on MtGox;

Knowing that it is (very) difficult to get fund/BTC in and out of MtGox;

what is the reason/advantages that one trades on MtGox and not one of the other echanges ?

Thx in advance.

I agree with NeedForBitcoin.  It's because of the volume/price.


Title: Re: Why trade on MtGox
Post by: megabuxx on January 17, 2014, 07:20:41 AM
Lately there has been no volume in MtGox. BTC-e leads the traffic followed by BitStamp.