Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: adamstgBit on December 19, 2011, 06:45:39 AM



Title: who uses MtGox CAD$
Post by: adamstgBit on December 19, 2011, 06:45:39 AM
why would anyone use mtGox CAD$!? ???

please keep the CAD$ on the Canadian virtual exchange.


Title: Re: who uses MtGox CAD$
Post by: GoWest on December 19, 2011, 07:00:18 AM
Liquidity, although Virtex is a lot better than it used to be.  It wasn't long ago that if you wanted to buy $1000 worth of Bitcoins, you'd end getting 50 or 60 for the going rate and the rest would be way over-priced.


Title: Re: who uses MtGox CAD$
Post by: adamstgBit on December 19, 2011, 07:07:55 AM
Liquidity, although Virtex is a lot better than it used to be.  It wasn't long ago that if you wanted to buy $1000 worth of Bitcoins, you'd end getting 50 or 60 for the going rate and the rest would be way over-priced.

wasn't that true for MtGox CAD$ too?

Virtex has always had more volume then mtgox CAD, so wouldn't them mean Liquidity has always been better on Virtex
i think MtGox's CAD is hurting the Canadian bitcoin market.




Title: Re: who uses MtGox CAD$
Post by: Vod on December 19, 2011, 07:26:17 AM
why would anyone use mtGox CAD$!? ???

please keep the CAD$ on the Canadian virtual exchange.

Bitcoin is the currency of the intelligent, right?

Canada has always ranked way way WAY higher in education than the US.    8)


Title: Re: who uses MtGox CAD$
Post by: GoWest on December 19, 2011, 03:06:40 PM
Liquidity, although Virtex is a lot better than it used to be.  It wasn't long ago that if you wanted to buy $1000 worth of Bitcoins, you'd end getting 50 or 60 for the going rate and the rest would be way over-priced.

wasn't that true for MtGox CAD$ too?

Virtex has always had more volume then mtgox CAD, so wouldn't them mean Liquidity has always been better on Virtex
i think MtGox's CAD is hurting the Canadian bitcoin market.


There is no separate market for each currency.  All they do is increase the spread on the US market by 2.5% and take it as a currency exchange fee.  You're actually buying/selling your Bitcoins on the US market.