Bitcoin Forum

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In my new year prediction (https://bitcointalk.org/index.php?topic=914412.0), I predict that LakeBTC will surpass BTC-e by volume, but it's now that the 24h-volume of Kraken is almost over LakeBTC. The world of Bitcoin is a fascinating place, and countless facts has proved, bitcoin no prophecy, only unexpected  :D

well after all the rubbish disaster that gox and bitstamp created, people will surely look for the third alternative, and it's not btc-e apparently

Kraken seems like a safe bet im not surprised its growing, looking for it to be up with bitstamp in a year.   The CEO is known and trusted + very good technically.  The site is also backed by roger ver. 

Gox ceo was known also and  trusted...not saying that it has to happen again. Only as an compartion.

MK was a little shifty though, he also never delivered on time and the exchange ran slow.  But yeah i didnt think gox would go down and he certainly tricked me into thinking he was trustworthy as regards holding the funds.

Well, he tricked every one of us so you aren't only one :) let's hope it won't happen again.

I still don't know if Hanlon's Razor is applicable to MK's handling of Gox or not. My guess is that it will be.

That is the beauty of btc as it is full of surprises. Whether it is the price or exchangers, it will have you looking in disbelief in things that you least expect to happen

Check out charlie shrems inside stories on mark karpeles, the bit about him only being able to get mark to do things by paying him in hummus haha

https://www.youtube.com/watch?x-yt-ts=1421914688&v=b4Hk1bed15I&feature=player_detailpage&x-yt-cl=84503534#t=2411

btc-e lost player cuz they dont want to involve some coin that they asked on chat so apparently people like to have more coin to trade.

I'd love to see Kraken embrace more alts. The only reason why I have to use BTC-E, is that they have nice volume with couple of interesting alts.
Otherwise, I think that BTC-E is as shady as can be. They are actually constantly banning out people from the trollbox, who think that bitcoins price will drop more, or if someone gives constructive criticism towards the mechanics of bitcoin. And these aren't some rare short-length bans, these bans are regular and last 7-30days. No cursing or foul language involved either. Just disagree with the "to the moooon" howling moderator and get banned for your opinion.

I'll celebrate the day when I don't have to use BTC-E any longer.

Kraken's volume is growing now because of the Euro dropping against USD.

BTC-E is a more than decent exchange.

I like them because they don't add shitcoins just to make a few extra bucks.

Site admin have stated to not add any altcoin because they are insta/pre-mined.

Instead, they are delisting TRC, FTC, XPM... Says enough.

What if Kraken is waiting for high volume before pulling an Mt Gox? its difficult to trust exchanges at this point.

Glad they are delisting those coins, first ive heard of it. BTC-e is a good exchange but they have added and delisted many shit coins since i've been trader there for about 2 years.  Remember china coin? lol

i trust kraken, never had any problem with, them, and the important thing is that they don't require ID for low amount, i have always hated when they need that for "security" reason, when then they have plenty of security holes, how funny "cough bitstamp cough"

I'm thinking Coinbase will take many of Kraken's US customers.

*most of us customers ;)

There are usually signs.

The main thing for me is CS. Verification was fast and mostly painless, they use physical 2FA, any questions I have are answered quickly and politely and usually to my satisfaction. Any of that starts to change, it might be time to reconsider.

Kraken worked well for me, only a little delay in the verification process. Deposits and withdrawals have usually been same-day.

it is ridiculous to trust a exchange for your reason.

I like LakeBTC, for the fast withdrawal and trading security

The alts are dead. Only 8 alts still have a market cap above $10M. Ripple is the last remaining altcoin with a market cap above $100M. LTC has fallen below that threshold.  So has Paycoin, after the collapse of the "funded $20 support level" from GAW miners.

With most of the alts, the creators own a big fraction of the market cap, so liquidity is much smaller than price x coins created.

To me, this sounds like someone saying in 84' that the personal computer segment is dead, because we already have macintosh 128k. To me, bitcoin has been dead for more then a year already. In my perspective, it's bloated and it's fundamental properties like PoW mining and fixed coin supply is highly flawed. And most importantly, gambling with it brings little gain, while the risk stays high. While gambling during the times of volatility, then alts are my best earners. 2014 has been about +160% for me, while those who can only sit on their bitcoins have mostly suffered a loss.

I've done a lot of BTC buying on kraken.com and it worked very well and fast.

But I wouldn't leave anything on an exchange for long. Deposit something - make your trade - withdraw your balance, all within the same day, then you'll be fine.

you got that right most of users left cuz of that i have some amount on them cuz i like the graph for coins and it was my first exchange so will never leave them.

I think the bitcoin exchanges should not have alts, because all alts would be gone soon. they appeared only in order to cater to speculators, there is no significance for the alts continue to existence.

that's why the professional exchange such as bitstamp or lakebtc, they reject any alts

RV also backed Mt Gox.  https://www.youtube.com/watch?v=y4SCAw264qM 

The three of them (MK, RV, Jesse Powell) are/were actually buddies of sorts:

http://www.wired.com/2014/03/bitcoin-exchange/

ChinaCoin was a real flop  :D  They clearly have learned their lesson.

The only altcoin that generates decent volume for BTC-e is Litecoin.

Curious to see when they finally get rid of NovaCoin.

Kraken looks great to me, would love to open an account over there, but liquidity just isn't right yet. Reasonably sized market order easily incurs slippage of up to 5% by my estimates. That's just not an option.

Ok yeah that connection isnt great and also i should had used the words roger ver is an investor in kraken.   If its some elaborate scam with all 3 i find it hard to believe.  RV has since condemned MK.  Hard to say for sure with incomplete information.  

I use kraken for sepa withdrawls within the EU, amazing service, cannot fault them. I do some trading on the exchange but volume can be pretty low, it's generally a case of waiting for the larger price movements to make profit, trading fees are on a tiered system and start out pretty high in my opinion.

Don't get me wrong. I like Kraken and use them here and there.

I'm just saying just because this or that person is involved with a service it should not necessarily be a major deciding factor. Another example: RV also is invested in blockchain.info. Now that's a service I certainly won't use, but again it has nothing to do with RV's involvement.

 

I wont use that service either now but i would have before.  With 2 equal services if there are known people who have a lot to lose by being known involved in one vs an anonymous one i'd favor the first.

That being said BTC-e is first class from my experience.

See?  :)

I don't think BitStamp is dead just yet, actually I think they'll do just fine. BUT: Many people are going to want to play it safe, which is wise, and do their trades on Kraken. It's the go-to choice for people located in Europe, apart from Stamp and maybe Finex.

People looking for an alternative to Bitstamp are most likely moving over to Kraken. Where should people in the EU go to otherwise, it's the most obvious exchange for them to go to! As soon as Bitstamp proves they still do have all the coins and FIAT-funds people may come back eventually.

If a exchange gets hacked ONCE the stab of distrust stays forever, and people start migrating towards other exchange (that will eventually get hacked too). And so the bitcycle continues.
Lets just hope the winklebros fix this.

Gox showed us that this isn't the case at all. There have been many instances of problems with Gox over the years, yet people stored hundreds and thousands of BTC on it. If Stamp proves they do hold the BTC and FIAT, they're safe. I think they may be more careful than others since they took a hit.

for now safe is the best choice.
most do this hopping to see some bigger change then it will be rush hour

Well people was naive before the Gox debacle. Things have evolved now, thats why Winklevoss are getting serious with it.

Was there much choice of exchanges with big volume when Gox dominated the market? I thought people used it because there were no other options for selling big quantities of bitcoins. They knew there were big problems there but had no real alternative.

First there was not much choice and in the last months of MtGox traders were drawn to this exchange like flies are drawn to the light by the arbitrage possibilities.

no mater what something big is coming or it will emerge from somewhere but that dont mean that we all have to do this or that like they want it

At the moment we seem to have some emerging volume from coinbase hopefully it can continue to grow.  kraken volume is consistent.

Now bitstamp' and lakebtc' price stopped on bitcoincharts, what happened with their api? (both they are re-added to the coindesk BPI since they suspended by something wrong.)

this can be good thing or not

Lakebtc say they were having a DOS attack yesterday and the site was not accessible. That was probably why its price stopped on bitcoincharts.

Coinbase is exaggerated, it has no real legal which reported by news medium. and many others are so on.