Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: mizerydearia on August 18, 2010, 11:33:05 PM



Title: Bitcoin Market
Post by: mizerydearia on August 18, 2010, 11:33:05 PM
From my analysis it appears Bitcoin Market is practically dead or barely used.  Is this accurate/true?

If so, is there something specific that Bitcoin Market does or doesn't do that causes it to not be as popular, successful, widely used or otherwise useful as other competing markets/exchanges?  What are these things?  What can help to improve Bitcoin Market so that it will be more accepted or useful to others?


Title: Re: Bitcoin Market
Post by: theymos on August 18, 2010, 11:50:18 PM
With BCM, you might have to wait up to 10 days for a trade to be confirmed. I don't want to do PayPal trades very often because I don't want PayPal to freeze my account for "suspicious activity" or whatever. For these reasons, I think people who use BCM prefer to do large but infrequent trades. I have personally traded more BTC in a single trade on BCM than Mt. Gox's current 24-hour volume.

I strongly believe that Mt. Gox will collapse when it experiences a few chargebacks. I don't trust that deposited USD or BTC will still be there when I want to withdraw.


Title: Re: Bitcoin Market
Post by: FreeMoney on August 18, 2010, 11:57:23 PM
With BCM, you might have to wait up to 10 days for a trade to be confirmed. I don't want to do PayPal trades very often because I don't want PayPal to freeze my account for "suspicious activity" or whatever. For these reasons, I think people who use BCM prefer to do large but infrequent trades. I have personally traded more BTC in a single trade on BCM than Mt. Gox's current 24-hour volume.

I strongly believe that Mt. Gox will collapse when it experiences a few chargebacks. I don't trust that deposited USD or BTC will still be there when I want to withdraw.

Isn't the charge back risk just in a different place on the two markets?

A market with a non-PayPal USD deposit method would be nice.


Title: Re: Bitcoin Market
Post by: jgarzik on August 18, 2010, 11:57:41 PM
I wonder if Mt. Gox will switch to debit cards only, with the presumably lower chance of reversal.



Title: Re: Bitcoin Market
Post by: theymos on August 19, 2010, 12:03:38 AM
Isn't the charge back risk just in a different place on the two markets?

A market with a non-PayPal USD deposit method would be nice.

There are no chargebacks if you use LRUSD or Pecunix (both supported by BCM).

If you want to use PayPal or Moneybookers, you get to delay confirmation for 10 days, which will hopefully reduce the risk. If a chargeback does happen, it only affects one person instead of bankrupting the entire market.


Title: Re: Bitcoin Market
Post by: FreeMoney on August 19, 2010, 12:21:35 AM
Isn't the charge back risk just in a different place on the two markets?

A market with a non-PayPal USD deposit method would be nice.

There are no chargebacks if you use LRUSD or Pecunix (both supported by BCM).

If you want to use PayPal or Moneybookers, you get to delay confirmation for 10 days, which will hopefully reduce the risk. If a chargeback does happen, it only affects one person instead of bankrupting the entire market.

Ah, okay. I forgot about the other methods because I don't use them. Maybe I should look into them.


Title: Re: Bitcoin Market
Post by: MoonShadow on August 19, 2010, 03:38:21 AM
From my analysis it appears Bitcoin Market is practically dead or barely used.  Is this accurate/true?

If so, is there something specific that Bitcoin Market does or doesn't do that causes it to not be as popular, successful, widely used or otherwise useful as other competing markets/exchanges?  What are these things?  What can help to improve Bitcoin Market so that it will be more accepted or useful to others?

The problem with the bitcoin markets is that they all use some other online payment processor, killing one major advantage of Bitcoin, the very low cost of transactions.


Title: Re: Bitcoin Market
Post by: Anonymous on August 19, 2010, 04:42:05 AM
From my analysis it appears Bitcoin Market is practically dead or barely used.  Is this accurate/true?

If so, is there something specific that Bitcoin Market does or doesn't do that causes it to not be as popular, successful, widely used or otherwise useful as other competing markets/exchanges?  What are these things?  What can help to improve Bitcoin Market so that it will be more accepted or useful to others?

The problem with the bitcoin markets is that they all use some other online payment processor, killing one major advantage of Bitcoin, the very low cost of transactions.

Yeah it sucks to pay 3.4% to paypal and kinda defeats the purpose.I dont see a way around it yet.


Title: Re: Bitcoin Market
Post by: mizerydearia on August 19, 2010, 05:02:07 AM
Is it possible to use Google Checkout for transactions?  How about WorldPay?


Title: Re: Bitcoin Market
Post by: spndr7 on September 17, 2010, 08:58:14 AM
Please look into trade ID -755


Title: Re: Bitcoin Market
Post by: mizerydearia on September 17, 2010, 10:50:12 AM
Please look into trade ID -755
You may want to contact dwdollar directly either through his site, email or through private message.


Title: Re: Bitcoin Market
Post by: fresno on September 20, 2010, 06:27:41 PM
The problem with the bitcoin markets is that they all use some other online payment processor, killing one major advantage of Bitcoin, the very low cost of transactions.

The MadHatter's Bitcoin 4 Cash site http://vms43o4cqysakvyb.onion/ trades directly in several private currencies, such as the FRN, etc. So load up on Bitcoins and spread them around!



Title: Re: Bitcoin Market
Post by: The Madhatter on September 20, 2010, 07:15:36 PM
The MadHatter's Bitcoin 4 Cash site http://vms43o4cqysakvyb.onion/ trades directly in several private currencies, such as the FRN, etc. So load up on Bitcoins and spread them around!

;)


Title: Re: Bitcoin Market
Post by: JaneMc123 on July 18, 2018, 11:24:32 AM
I think you are wrong. This topic is still very popular. What is more, I reckon, it doesn`t need even extra promotion with sites like https://promovideolab.com/ . So keep doing what you are doing and everything will be OK.


Title: Re: Bitcoin Market
Post by: gobingo on July 24, 2018, 01:10:21 AM
if there is any news mentioning that bitcoin is dying I think it's bad news, and with good news from a very influential country or from big investors it could affect the price increase.


Title: Re: Bitcoin Market
Post by: abelmon66 on July 24, 2018, 01:15:45 AM
do not believe in the obscure news that mentions that bitcoin is dead, I am sure it is not true and bitcoin has only experienced price reductions and I think for the end of this year I am sure the price of bitcoin will rise again.


Title: Re: Bitcoin Market
Post by: Afnan_faizah on July 24, 2018, 01:19:14 AM
From my analysis it appears Bitcoin Market is practically dead or barely used.  Is this accurate/true?

If so, is there something specific that Bitcoin Market does or doesn't do that causes it to not be as popular, successful, widely used or otherwise useful as other competing markets/exchanges?  What are these things?  What can help to improve Bitcoin Market so that it will be more accepted or useful to others?
The barrier is the volatility, how can merchant adopt bitcoin as payment methode if the fluctuations price could harm them, can make them bankrupt. We need real established company that adopt bitcoin so bitcoin can get more thrust from people. We need to increase bitcoin usage but not in the exchange but in other place.


Title: Re: Bitcoin Market
Post by: Kotone on July 24, 2018, 01:22:44 AM
do not believe in the obscure news that mentions that bitcoin is dead, I am sure it is not true and bitcoin has only experienced price reductions and I think for the end of this year I am sure the price of bitcoin will rise again.
nope. bitcoin is so popular that's why it's called the kin of the cryptocurrency. maybe you're right in term that it is barely used. the bitcoin we know has a high price and it so valuable. and because it has an high price, few people only can afford to buy and used it. because for the others bitcoin is difficult to obtain compare to the other cryptocurrency.


Title: Re: Bitcoin Market
Post by: iconternal on July 24, 2018, 02:43:36 AM
it's all news that won't be true, bitcoin will never die, and I think with a lot of positive news about the problem of the world economy, I'm sure I will be able to change the price of bitcoin.


Title: Re: Bitcoin Market
Post by: kent47400 on August 18, 2018, 06:28:35 AM
if you say that the Bitcoin market is dead then I say it hurts my feelings a lot.
the fact that the Bitcoin market has only lost its price for some time.

and furthermore Bitcoin will rise in price as purchases from traders.


Title: Re: Bitcoin Market
Post by: Kakmakr on August 18, 2018, 06:34:01 AM
The one thing that makes Bitcoin so desirable for some is the fact that you can pay for something with Bitcoin, with no risk that the merchant or the eCommerce site can lose your credit card details or your account details <PayPal>  A lot of people complain about their Credit card details being stolen or hacked and this cannot happen when you do a Bitcoin transaction.  ;)

Yes, some third party Bitcoin service might get hacked, but it is not Bitcoin's fault.  >:(