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761  Economy / Speculation / Re: Soon... on: February 04, 2012, 11:40:54 PM
You sold everything right?  I sold it all and I'm short in a big way.  Can't wait for the giant long squeeze.

 Roll Eyes

the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up...

but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble.

Virtex is hilarious eh ?



ya I've been looking into getting setup with a Mtgox account and doing some buying / selling across the two exchanges... sometimes we are 30 cents under or 30 cents over

Time to arbitrage the hell outta that margin!!
762  Economy / Speculation / Re: Parallel demand and supply buildup - explenation? on: February 04, 2012, 11:31:22 PM
Its the weekend!! Correct me if i'm wrong, but I believe trading volume goes up on the weekends
763  Economy / Trading Discussion / Intersango - Withdraw BTC through API on: February 03, 2012, 11:40:49 PM
Has anyone implemented this?

I was hoping to although I'm a little confused:

https://bitcoinconsultancy.com/wiki/Intersango/API

The data-spec table shows: createBitcoinWithdrawalRequest.php - Create bitcoin withdrawal request.   

However at the bottom of the page it says:

Withdrawing and Depositing
Withdrawing and depositing BTC is not possible using the official API, but it is possible by impersonating a web-browser. See Ad-hoc transfers

Can someone clarify?
764  Economy / Trading Discussion / Re: Crypto X Change - What would YOU the community like to see and join us???? on: February 03, 2012, 11:34:03 PM
Seal
Hi,
100% - We have upgrade roll outs coming, that simplify everything, so it will be very fast and simple. Sorry for the delay! Everything from Funding to Withdraw whether Fiat or BTC will be much, much simpler! - Thank You!


Awesome. Any word on how your order matching works?
765  Economy / Trading Discussion / Re: Mtgox has some serious issue on: February 03, 2012, 12:07:44 AM
Then does anyone have recommendation for a site with a real time ticker that's more accurate?

For those who are good at PHP development, I have a suggestion, from what you're all saying, the orderbook when accessed through the main site will always be up to date.

It wont be hard to set your session timeout to the max and use some sort of Curl script with a post to send your login details and maintain an actively connected session through the usual page. You can then get your script to poll every X seconds to retrieve the prices out of the correct positions on the page (cut it out using some regex etc...).

If we get no response from Mtgox, when I get some time, I'll code this up and share it. Any suggestions from other devs would be good.
766  Economy / Trading Discussion / Re: Mtgox has some serious issue on: February 02, 2012, 01:03:46 PM
There seems to be two sets of data, realtime api and poll api and there was a mismatch between the two.

Yeah, and the worst part is that MtGox declares the better one (realtime) to be "beta" so they don't have to support it if it doesn't work for some users.  Very frustrating.

They need to lift the 10-second-caching rule on the polling API until the streaming API is considered stable.  If that means buying more servers, so be it.

I got caught up in this. A little annoying although I'm glad that this time round my failed API-related trades weren't too significant in volume during this time.
767  Economy / Trading Discussion / Re: Crypto X Change - What would YOU the community like to see and join us???? on: February 02, 2012, 12:38:04 PM
I find withdrawing bitcoin the most painful experience ever with cryptoxchange, i dont want to have to add an address each time I want to withdraw. In terms of usability when I withdraw... this is the process:

-Funds -> withdraw funds
-Click on Send to a wallet
-Click Add new address
-Add the new address
-Click Go
-Navigate back to the send to a wallet page by going funds -> withdraw funds, and click on send to a wallet (if i use the back key, i have to hit refresh to get the new address to show)
-Enter the withdraw information, select the new address
-Hit Withdraw
-(find my pin) and enter my pin
-Hit go
-YAY FINALLY!
768  Bitcoin / Project Development / Re: Intersango exchange (formerly Britcoin) on: February 01, 2012, 11:49:12 PM
We've heard from a few users over the last few days in regards to the new fee schedule.  In response we will be implementing a loyalty program to reward our higher volume clients.  Details of the program will be released in the next few days.

In the mean time we suggest you look at the costs of transfer to and from Intersango as opposed to just the trading commission. You will find that in many ways Intersango's rates are much lower than any competition.

+1 to Intersango. Respect.
769  Economy / Speculation / Re: MtGox publishing their financials on: February 01, 2012, 11:44:47 PM
I did some analysis on the top 100 bitcoin addresses a couple months back.  I can look up what my findings were and post later.  I'm on the bus right now.  Please PM me to remind me this weekend if I haven't responded by then.  (Work/life very busy right now)


I saw this, i'd be interested in a comparison from your findings and what gox published.

As for motives behind the transparency release? Well, I think their attitude towards loyalty in their customer base and transparency is partly due to Japanese culture. I heard that if you drop a wallet in Japan, nobody will pick it up if  they see it... im not sure if that was BS, but if not, then its very trusting of them.
770  Bitcoin / Bitcoin Discussion / Re: [ANN] Mt.Gox overview: January 2012 / Transparency on: February 01, 2012, 12:08:29 PM
Very, very impressed. +1 to Gox.

Other brokers, take note.
771  Economy / Trading Discussion / Re: Crypto X Change - What would YOU the community like to see and join us???? on: February 01, 2012, 11:18:28 AM
We would like to hear from the community on what we can do to have you as clients?

What features would you like added? What do we need to provide to get more clients?

Any feedback is welcomed, we are here to provide the very best Exchange in the world.

We have many extra features coming out and continuously working on more features and services, however we want to hear from the community.

You guys have come a long way since your launch and I have a lot of faith in you however my suggestions are in line with many others.

Without sounding harsh, your fee is the biggest complaint (especially with fiat money transfer fees taken into account). I appreciate your business has costs, but the higher the fee, the less people will want to trade... and that means less liquidity. You'll appreciate that taking smaller profits more frequently would be better than taking fewer large profits.

Pro's: increased liquidity, smaller spreads, more customers and ultimately more profits for you.
Con's: less short term profit, higher support overhead.

You are in the business of trading, if you can't provide customers with sufficient opportunities to trade, then game over.

A fee structure which rewards frequent traders would be good. (Similar to mtgox's system)


My other suggestions are to add timestamps to the trade history page (and when viewing trade details). And also simplify a little. You have a huge amount going on in each page! The bottom bar is kinda annoying, especially when I'm switching pages a lot, I have to see them scroll across from the start all the time. Also how many people actually use the quick buy/sell buttons?

API improvements - I spoke to Mahin about this yesterday, he was very helpful in advising me about changes and providing general advice, however couldn't get to the bottom of my issue of trades repeatedly failing to execute when being placed by the API. It has happened again to me a number of times today and is getting a little frustrating. Order ids: 38355, 38357, 38359 and 38361.

The 'Market' tab. Looks like its not telling the truth to me... none of my orders appear on there!? On top of that, the bottom ticker says right now, 163BTC has been traded today (against AUD) however the numbers on your market tab don't match?
772  Economy / Speculation / Re: What is that mysterious triangular cycle? on: February 01, 2012, 04:30:28 AM
@RaggedMonk: Can't help but notice that your duck suffers from case of bloody diarrhea. Or it's just a contrail?

Anyway, now seeing how you're making fun of me and avoiding giving an answer, I'm sure that I'm on to something and I won't get fooled. Perhaps triangle data that you try to keep so secret is a holy grail of bitcoin technical analysis. A graph of thousands truths. I'll investigate further after I take my meds.

I do not know about these mysterious triangles. I have always assumed they were just the product of bored day traders playing with graphs in MSPaint while waiting for the ticker to move.




The head of the swan is re-emerging.  I see this as moving from bullish to duckish.

Like yourself?  Cheesy loving it lol
773  Bitcoin / Project Development / Re: Intersango exchange (formerly Britcoin) on: February 01, 2012, 04:21:26 AM
Please take the following in the spirit it's intended: feedback from a customer, not an attack.

This is a shame:

Quote
In a week however, we will be monetizing and charging a small 0.65% fee on trades as of 2012-02-03 24:00 GMT to keep Intersango running.

Not because of a fee being introduced; that was only to be expected.  It's a shame that the fee is so high (despite the out-of-character marketing speak addition of "small" in the announcement).  I like Intersango; but I was hoping that when fees were introduced they would be competitive (given that they were already running the very attractive 0%).

Consider that your competition is Mt.Gox; compared to them you have:

  • Reduced features (placing orders is, as I described above, still a calculator-requiring job; and you still have no "pending funds" state possible for prepared orders.)
  • No live chart/order book.
  • Considerably lower volume.
  • Considerably wider spread.

And you're adding to that list... "considerably higher fees" and "no economy of scale fee schedule".  Mt.Gox fees already sting a bit at 0.4%-0.5%.  I'm not a huge volume trader, and my rate hovers around 0.4%.  So your "small" fee of of 0.65% is 62% higher than your competitor.

I have tended to move £1,000 at a time through the bitcoin system to dollars (or dollars to pounds).  The spreads can cost me (depending on the day), 1-2% (that's not your problem, that's the market.  FYI: at time of writing it's -4.8% versus FOREX to go via bitcoin from pounds to dollars); Mt.Gox is 0.4%; now Intersango is 0.65% and there is no volume to allow quick finalisation (alternatively, I can close at market and suffer 4-5% spread loss).  It can easily be higher than just using the banking system (or spit, spit, paypal).

I understand completely that you have to have a profitable business; you can't operate for free forever.  I'm merely offering my perspective as a customer that these fees are too high to make it sensible for me to use as a service (of course these things aren't binary; it's a continuum.  I'll still use Intersango, but the barrier is higher now).  Certainly until the trade volume and spreads get more favourable on Intersango (the addition of fees is certainly not going help that situation, though).

I wonder if it's not going to be a choice for you of "0.65% of nothing" or "0.3% of something"?

I absolutely want Intersango to become a viable business.  That means operating on more than the good will of bitcoin enthusiasts though.  And I'm afraid that with such high fees, that that is the only source of income.

The 20% rule is you've got to be 20% better; 20% faster or 20% nicer than your competition to steal customers.  You are quite a nice company; so I hope that's enough.

+1

I'm totally behind you on this one realnowhereman.

Intersango: I think your service is great, I too acknowledge that charging fees is an important way to raise funds to run the business and knew this was inevitable. I am however disappointed that high volume traders are not rewarded with any sort of discount. Are there any plans to offer frequent traders discounts on trading volume? I'd respectfully like to suggest:

- A slightly lower fee across the board. 0.65% is at the top end of what I'd expect and I imagine this may end up damaging Intersango's own business by massively reducing liquidity.
- A system like MtGox's (although I'd hate to compare you to them) whereby discounts are offered based upon trade volume.
- If you are set on charging 0.65% across the board, then how about a 3 phase introduction, for example, initially charging 0.2% for a month, then 0.4% for another month, then the full 0.65%. Going from 0%, to 0.65% with 1 weeks notice is quite a risky move which certainly took me by surprise.
774  Other / Beginners & Help / Re: What does the * on bitcoinica signify? on: January 31, 2012, 11:55:44 AM
So does that equate to someone being 'zouhtonged'... however you spell it??
775  Other / Beginners & Help / What does the * on bitcoinica signify? on: January 30, 2012, 06:23:37 AM
As the subject says, whats the * on bitcoinica?
776  Economy / Trading Discussion / Re: How do Europeans deposit/withdraw into Mt. Gox? on: January 27, 2012, 03:23:38 AM
Any plans to implement direct bank transfer for GBP? If i remember right, you use to offer it as a free way to transfer GBP
777  Economy / Speculation / Re: Goomboo's Journal on: January 25, 2012, 06:39:42 AM
Great posts Goomboo. I've not read it all but will do later. Out of interest, what is your incentive in sharing all of this? Surely by sharing this information and by others acting on it (which i see from your followers they are), your strategys will become less effective?

Maybe i'm missing something... would it serve to provide more momentum from people copying you???
778  Economy / Economics / Re: How Big is Silk Road on: January 25, 2012, 03:29:44 AM
but what happened to the basic principles of Econ101?...Know your market...go download tor and do some market research people.

I took action on your advice and went for a visit. Pretty interesting I gotta say... some of the transactions are obviously quite large too after browsing some of the listings and recent feedback.

The one question I had to myself was: whats stopping these sellers from signing up as buyers and performing a 'fake buy' to leave themselves more positive feedback? I'm no expert on this, but wont Tor itself will prevent basic security measures other sites may use like logging account IP's etc...
779  Economy / Currency exchange / Re: Crypto X Change Having Problems on: January 24, 2012, 11:12:16 PM
Hi,

DNS has kicked back across now, so Cloudflare has been removed, as that was the issue.

Our DNS is back to it's original home, and propagated now.

Thank you

Crypto X Change

Sure glad I have been dragging my feet on implementing Cloudflare.

This is the second time it failed us, I wouldn't recommend it to anyone!

There has to be better alternatives. If you find one please let us know Smiley

Thanks

Reassuring to know that you guys are really on the ball.   Grin
780  Economy / Currency exchange / Re: Crypto X Change Having Problems on: January 24, 2012, 01:03:55 PM
Hi there, I'm having problems today accessing the site. Its been fine for the last few days however today I'm getting:

502 Bad Gateway

cloudflare-nginx
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