Got 12 referrals and $1 from one of them. Thanks!  |
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If I get it right, the bottleneck is its order matching engine.
So why doesn't it limit the maximum allowed number of simultaneous orders and the frequency of orders from each user?
Also, when lags increase, maybe bots that abuse the service should have a lower priority than people.
It could have been much better experience if users could execute 1 buy or sell order immediately anytime using captcha.
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Yes, I wrote above I recovered the password and I'll send half of the amount to the address in the original post once the poster proves it is still correct. did you write some script to bruteforce electrum passwords? |
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so electrum is vulnerable, or is it a joke, or was it a trivial password?
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At the moment the price spread between the BTC-e ask ($243) and the MTGox bid ($246) is just 1.2%, making arbitrage non-profitable.
At 4am last night, you would have saved $15 per coin.. it varies by time of day. The margin needs to be at least 7% to be profitable and that's just to cover the fees to move money and coins between the two.. Sometimes the price difference is quite high. You lose 3-4% on fees, so if difference is higher than that, then it is profitable. Though probably the best strategy is to wait until the difference is at least 7%, otherwise you are likely to hit your withdrawal limits at mtgox without noticeable profit. |
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Ok, received couple withdrawals from MtGox to OKPay. It seems like they process all the withdrawals simultaneously. And at the same time bitcoin price dropped. Are these events related to each other? Maybe that's the reason of recent sudden bitcoin price drop (since it enables arbitraging for profit and gives incentive to sell btc at mtgox)? |
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Good luck moving USD from MtGox to BTC-E with low fee and faster than bitcoin rise.
If you have reserves on both exchanges, speed is not that important. You can transfer funds from BTC-e to MtGox with 0% fee via AurumXChange. But why would you do it? Normally bitcoins are cheaper at BTC-e, so you want to move USD in opposite direction. Unfortunately AurumXChange doesn't always allow to transfer funds from MtGox to Btc-e (and it will be impossible to withdraw with MtGox code soon), that's why I recommend OKPay here. OKPay also offers both plastic and virtual debit cards, that could be convenient for international MtGox users (who can't use Dwolla to withdraw funds). Am I missing something? There's no way to withdraw USD from MtGox into OKPay. If you have some way that isn't obvious, please do share. -- from this page I was able to add OKPay as withdraw method for USD. This does not appear to work for me.  Did you try bank transfer option? |
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All or nothing strategy implies that you invest only a fraction of your money that you can afford to lose. So it might be a good idea to buy couple bitcoins and forget about them for several years. But it is too risky to sell your house and borrow money to invest in it.
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The wind... it's gonna make her wet. |
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My withdraw has been sitting with Status: todo for over 30hrs now and its Tuesday  heard they ran out of funds and topping up which should take by Friday??? hope that's not the case cause a week to withdraw is unacceptable Same here. Who ran out of funds: OKPay or MtGox? Where did you hear that? But both of them earn from money moving back and forth, probably it is their interest to speed up this process. |
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Good luck moving USD from MtGox to BTC-E with low fee and faster than bitcoin rise.
If you have reserves on both exchanges, speed is not that important. You can transfer funds from BTC-e to MtGox with 0% fee via AurumXChange. But why would you do it? Normally bitcoins are cheaper at BTC-e, so you want to move USD in opposite direction. Unfortunately AurumXChange doesn't always allow to transfer funds from MtGox to Btc-e (and it will be impossible to withdraw with MtGox code soon), that's why I recommend OKPay here. OKPay also offers both plastic and virtual debit cards, that could be convenient for international MtGox users (who can't use Dwolla to withdraw funds). Am I missing something? There's no way to withdraw USD from MtGox into OKPay. If you have some way that isn't obvious, please do share. -- from this page I was able to add OKPay as withdraw method for USD. |
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Good luck moving USD from MtGox to BTC-E with low fee and faster than bitcoin rise.
If you have reserves on both exchanges, speed is not that important. You can transfer funds from BTC-e to MtGox with 0% fee via AurumXChange. But why would you do it? Normally bitcoins are cheaper at BTC-e, so you want to move USD in opposite direction. Unfortunately AurumXChange doesn't always allow to transfer funds from MtGox to Btc-e (and it will be impossible to withdraw with MtGox code soon), that's why I recommend OKPay here. OKPay also offers both plastic and virtual debit cards, that could be convenient for international MtGox users (who can't use Dwolla to withdraw funds). |
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In fact actuall arbitrage between mtgox and btce and many others is visible in paid version of bitcon-analytics.com/#arbitrage for last 24 hours in real time.
So how much arbitragers are making per day nowadays? |
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Can fill almost any quantity, and will beat any reasonable offer.
If you beat any reasonable offer, then you are ready to make an unreasonable offer. Sounds fishy. Why would you? |
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I loaned him a several times small amounts up to 1 BTC for testing purposes. He repaid in full with gratuity that I didn't ask for, despite the increased price of BTC. Thanks!
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Yes, but still it is the most liquid exchange... Btw, Okpay requires documents too. But it processes them much quicker than MtGox |
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That means you make orders in opposite directions almost simultaneously and don't care if the price goes up or down. I can't give the numbers though Are USD transfers from Gox to Btc-e fast enough? Even an hour at this volatile price makes everything not worth it. As I said, it takes from several minutes to several hours. So it is nice to have USD reserves in BTC-e. Well... I assume people don't put all their savings in bitcoin, just part of them. |
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That means you make orders in opposite directions almost simultaneously and don't care if the price goes up or down. I can't give the numbers though |
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I've noticed that the price difference between MtGox and BTC-e is often greater than 7%. But it takes only ~3% to transfer funds from MtGox to Btc-e. So you can sell bitcoins for USD at MtGox, transfer funds to BTC-e and buy cheaper bitcoins there thus making ~3% with minimal risks. The easy way of transferring funds from MtGox to Btc-e is OKPay. I noticed that transfers may take from several minutes to couple days though, so it might be a good idea to make reserves of USD at BTC-e before placing your buy and sell orders. Minimizing the interval between buys and sells you minimize your risks. Though it might be a good idea to make sure that sell order at MtGox executes before placing your buy order at btc-e since sometimes MtGox is really slow. Why am I writing all this? Just hoping to get some passive income via OKPay's referral program. So if you find this advise useful, please use my link to get registered: https://www.okpay.com/?rbp=arsenische |
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