kind of wish gox just dies, we get a shakeout rather this dark cloud overhanging
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Given how they have sent shareholders legal documents on registration, I'm not quite as convinced that they are scammers.
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Why would mtgox matters? People can't withdraw fiat or coins.
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bummer
I do see the order book changed, some orders are added - I'm not sure who gets affected. I'm looking at the LTC order book which has nothing to do with bitstamp. More info, I'm using the exchange wallet, not the trading wallet.
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what i mean is im setting an order and its not even appearing in the book right now, anyone else?
edit: market orders work, limit orders dont appear in the book (i tried several times)
I got the same issue with limit order.
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Looks like the other bank account is just there temporarily to work around CNY, the regular account is still in Pudong - which would make some antsy.
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They seem to have suspended their service? The maintenance page has been up for over a day.
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Yep, I confirm my virgin mobile has been paid for the full amount of 69.44$
Nice. What Bitcoin rate did you get? Any fees? 0.0851 BTC which is 69.44$ + 3$ fee I believe rate was about 850$ which was the current price on cavirtex when I did the payment not bad at all fees is ok and working good its new way for popular bitcoin in this world Note that it is Canadian dollar ($850 CAD / around $765 USD) - looks like their rate is linked to cavirtex which is in general on the low side; but the key is the service works.
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Is there any rules prohibiting gox from market making? If they do have the liquidity, they can make a boat load of money by sending money to bitstamp, bitfinex, btc-e, cavirtex, etc., buy up the coins and dump it on their own exchange. The more this go on, the more it looks like a significant amount of their money must have been seized, frozen or under some kind of supervision, or they are setting up a 'giant scam' by setting up this crisis so they can arb the thing.
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a I really think they should take away the flash return rate concept. Every lending offer / borrowing request should be either limit order or market order (ie. hitting up the lowest available lending offer or highest borrowing request).
The FRR does help dampen the sometimes crazy swings of the best interest rate as provides a form of mid-market rate for the lazy. The situation is a bit asymmetric though. In an up market, traders are at an advantage because their default settings is to pick either fixed or variable rates, whichever is lower, and they can sometimes snag some FRR offers when the rate lags. On the other hand, lenders have to decide whether they want to (auto-)loan at fixed or variable rate, but not both. This causes the situation where offers are either taken at a suboptimal rate or not at all (since there's a better offer on the other side of the FRR/Fixed choice). It would greatly help if FRR had some other form of incentive, such as lower fees or liquidity guarantees. Let me be cynical and think from platform perspective first, having all these lending offer / borrowing request not filled is sub-optimal for bitfinex it self in lost commission. Having wild swing in interest rate is actually not a big problem for bitfinex, it spurs more borrower to adjust to try to take advantage of low interest rate, ie. more commission for them. I just see the game tilted too much toward the borrower side, lately, we see a couple of hundred thousands pop up on the FRR on the borrowing side and interest rate keep getting manipulated down despite margin loan at or near all time high. The FRR, to be honest, doesn't really offer much for the lender, you will not get neither a guarantee rate (assuming the order is filled) nor the optimal rate. Beside, most asset market (stock, bond, etc.) order book is all limit or market order base. This FRR really skews thing completely.
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I really think they should take away the flash return rate concept. Every lending offer / borrowing request should be either limit order or market order (ie. hitting up the lowest available lending offer or highest borrowing request).
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my wire completed and money's in the bank. 3 days as stated.
Now that BTC prices is back over 800 but the margin loan outstanding is down to 16.25 million. People are lightening up as the price rises. The rally will probably see some headwind as margin loan unwinds and flash return rate is down below 0.2
That's just my 2 cents.
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Big action again. 730XBT was bought yesterday
Not enough to stem the price decline. Wonder if they purchase on exchanges or what`s their source of BTC
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pretty sure someone mentioned it - but I think the wide adoption of bitcoin temporarily put a cap on the price as these retailers just simply dump the bitcoin via the likes of bitpay. People who don`t have bitcoin will still pay with traditional method when shopping at tigerdirect, overstock, etc - they will not go buy bitcoin just to pay with bitcoin. I can only see how users of porn site or online casino may want to buy bitcoin to complete the transaction.
You're still thinking short-term. As I stated, `temporarily. The Friday dump seems to become a Thursday occurrence for the past 3 weeks.
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pretty sure someone mentioned it - but I think the wide adoption of bitcoin temporarily put a cap on the price as these retailers just simply dump the bitcoin via the likes of bitpay. People who don`t have bitcoin will still pay with traditional method when shopping at tigerdirect, overstock, etc - they will not go buy bitcoin just to pay with bitcoin. I can only see how users of porn site or online casino may want to buy bitcoin to complete the transaction.
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Currenty CFD swap interest rate at bitfinex is about 0.3% per day.
Well, it approaches a new low - on average(!) it is close to 0.2%/day. Seems like quite a few larger deposits were simply dumped by lending whales without thought or plan into open offers... Anyways, it is likely still much faster and (depending on where you are located and how your bank charges are) also cheaper to just buy BTC, transfer them off to a exchange close to you, sell them again there and withdraw your fiat money. I think the borrower is a lot more sophisticated and exercised restrain now rather than a whale dump. The limit on lending period to 30 days doesn't help lenders either. Wait till this $17 million unwind and the rate will plummet As per wire, mine shown up as process today, will wait a couple of days to see if it show up in the bank account.
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Registered, paid Virgin Mobile bill with it, awaiting confirmation ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Looks like a great site, good job whoever did that. please remember to post your experience, delay, etc. By the way, they mention the price is valid for 15 minutes but they want 5 confirmations - so the price will always fluctuate as 5 confirmations almost always take over 15 min??
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Hello, My withdrawals #56158 and #55780 have not yet been processed. Please ! I need it asap ! I withdrawed many times at bitfinex before. It used to be very fast. ( If I withdraw at Sunday night, It often processed at Monday afternoon) Details:
USD -x WIRE 19 Jan (Sunday) 23:32 Processing NOT YET PROCESSED USD -x WIRE 20 Jan (Monday) 22:43 Processing NOT YET PROCESSED
Now, It's Wednesday, none of them have been processed yet ! PS: You said "Express wire withdrawals: Processed within 1 business days after approval". I want "Express wire withdrawals" but I don't know how to. Best regards,
There is a little checkbox when you are in the withdraw page for the express withdraw.
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