Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: bitbot on June 21, 2011, 03:55:49 AM



Title: tradehill buy/sell down for "couple days"
Post by: bitbot on June 21, 2011, 03:55:49 AM
looks like no one can make any money off bitcoins for a while


Title: Re: tradehill buy/sell down for "couple days"
Post by: TraderTimm on June 21, 2011, 03:57:56 AM
Status says otherwise. Can we have some input on misleading threads, mods?

https://www.tradehill.com/Support/Status

Thanks.


Title: Re: tradehill buy/sell down for "couple days"
Post by: fcmatt on June 21, 2011, 03:58:06 AM
looks like no one can make any money off bitcoins for a while

that appears to just be the instant buy and sell. not the normal buy and sell orders.


Title: Re: tradehill buy/sell down for "couple days"
Post by: bitbot on June 21, 2011, 04:01:29 AM
instant buy/sell is a key feature


Title: Re: tradehill buy/sell down for "couple days"
Post by: elk-tamer on June 21, 2011, 04:07:09 AM
instant buy/sell is a key feature
The instant, yet guaranteed for a brief period trading thing doesn't make sense to me. To my uneducated eye, it seems like either they have to pad the trade like a bookie does, in which case they'll lose business to a real exchange, or they'll lose money from people using that time gap to their advantage.
Can someone explain how it works to me?


Title: Re: tradehill buy/sell down for "couple days"
Post by: DamienBlack on June 21, 2011, 04:13:38 AM
instant buy/sell is a key feature
The instant, yet guaranteed for a brief period trading thing doesn't make sense to me. To my uneducated eye, it seems like either they have to pad the trade like a bookie does, in which case they'll lose business to a real exchange, or they'll lose money from people using that time gap to their advantage.
Can someone explain how it works to me?


I agree. I am confused how they are doing it.


Title: Re: tradehill buy/sell down for "couple days"
Post by: finack on June 21, 2011, 04:17:23 AM
The instant, yet guaranteed for a brief period trading thing doesn't make sense to me. To my uneducated eye, it seems like either they have to pad the trade like a bookie does, in which case they'll lose business to a real exchange, or they'll lose money from people using that time gap to their advantage.
Can someone explain how it works to me?

The only legitimate way I can understand the feature is if they've decided to open themselves up to a certain amount of losses in order to provide a feature to distinguish themselves in the market. They figure they'll mostly be able to fill with the public order book, and only occasionally have to act as a market maker at relatively recent market price. The idea probably sounded a hell of a lot better to them when they imagined a tight bid/ask. With the spread occasionally sitting dollars apart today on much higher volume than they're used to it's no wonder they're turning it off for a while.