Bitcoin Forum

Hi guys ,

Considering Mtgox's irresponsible activity >:( , i've removed Mtgox bitcoin price ticker from my websites (change to btc-e temporarily).

And i am urging other Chinese bitcoin websites to do the same.


In order to prevent one certain big exchange dominate the market ,  i suggest to use Average price index ( Coindesk BPI ) instead .

any thoughts ?

I wish the zeroblock iphone app had a different exchange on it

i've put this up on weibo.com  http://www.weibo.com/3487056872/AvSFamvw9

Hope more players will see . (BTW : my personal opinion : Mtgox's plotted this for a long time , it's not a tech problem as they described )

http://bucks.qiniudn.com/%E5%B1%8F%E5%B9%95%E5%BF%AB%E7%85%A7%202014-02-09%20%E4%B8%8A%E5%8D%8810.24.55.png

sooner or later the crypto community will have to move to one price per instrument/pair at any one time, just like the real forex market

I will remove from Bitcoin Paranoid in the next version.

i agree it is time mtgox gets removed from the ticker sites. bitcoinaverage.com should do this also

Last time I checked, the Coindesk BPI used the average of Bitstamp, BTC-e and (wait for it ....) Gox

Preev.com aswell.

However, recently the prices have been close to equal across all bitcoin exchanges. Odd.

The mtgox price right now is a fantasy, it is not real. How can they publish a price if they can't buy and sell bitcoins.

Mtgox is a big scam

from Gox to BTC- e?

LOL!

ya. that's a move in the right direction.

BTC-e is awesome.

Trollbox and altcoin pump and dumps  8)

People still use Mt Gox?  ??? ??? ??? ???


Jesus....

It is my understanding that you can still actively deposit (which I don't know why you would at this point), and trade with coins already on their exchange.   You just can't withdraw.   I think we are kind of jumping the gun though in trying to remove them from all websites before they have a chance to at least attempt to clear their names by trying to fix things..

It is a long shot but it is still a small possibility that they are telling the truth

Oh, yeah - that sounds like a legitimate organisation - "We're happy to take your deposit, but sorry; we just can't give it back right now. But please, pretend that we're still functioning, and maybe if you wish really hard, we can make it happen."

If GOX wanted to re-establish trust, they would have a plan in place and gone on a PR binge to assure investors/customers that their funds were safe, secure and available for transfer.

Removal of GOX as a quotable exchange is a reasonable suggestion - as an exchange requires being able to actually get your money back out in a reasonable and timely fashion.

Roger Ver ‏@rogerkver  on twitter 8/2/2014 :

Bitcoins on Mtgox are now $40 less than other exchanges.  They should halt all trading until they fix their issues. They are hurting Bitcoin



 

How do you define "one price" if the reality is that people are trading bitcoins at $800 at one exchange and at $900 at another?

(such a large price difference is a strange situation in itself, but it can and did happen e.g. due to fiat withdrawal problems at the latter exchange)

Too early perhaps. Clarkmoody is still showing the Gox exchange graphs.

I don't agree that it is too early. One should start slowly moving away from Mt.Gox. That way their damage will be less when they do crash. There are better options out there, so why not use them.

Just give them one week or so. If they don't sort out their problems, then we can dump them.

BitcoinAverage

Coindesk

Blockchain.info

All need to discontinue using the irrelevant and now cancerous MtGox price feed.

+1

The MtGox rates bear no meaning anymore. Actually they haven't for quite some time already.

In fact, MtGox itself bears no meaning anymore to Bitcoin. The days that morons thought "Bitcoin = MtGox" are long past, fortunately.

I run a few Bitcoin-related websites and manage a few ticker controls, and removed the MtGox rates from all of them.

bitcoinaverage.com , also has an API.

Halting all trading now will only cause more unnecessary panic.

Especially now that there's still a lot of money in MtGox (since people can't get it out :().

MtGox should simply say: "Sorry, our bad, we were wrong in incorrectly using transactions IDs like this. We'll fix this right away, and people will be able to get their money out in two days from now."

No, they mean


On the right hand side, there's a "Switch to ฿1 base" button.

this is the right direction. Get them out of view. I am sick of that exchange

If anyone knows Japanese, can they translate my boycott banner, please?   :)

MtGox: 50 million strikes? YOU'RE OUT, PERMANENTLY.

Looks like coindesk removed Gox from its value calculations

http://www.coindesk.com/coindesk-removes-mt-gox-bitcoin-price-index-2/

So did bitcoinaverage.com :