When you said that doge/usd is a "mature market" with "small spreads" you kinda gave yourself away as not knowing what the fuck you're talking about especially in regards to trading and markets. Last time I checked no cryptocurrency market was even close to being considered mature as far as markets go and it's just laughable to think that the dogecoin market would be considered mature. Where are the options and futures? Where is the margin trading? Where can I borrow doge to short sell? Oh right actually I can still make 2 percent at any given moment just by buying and selling the same amount inter-exchange cause there aren't even sophisticated algos trading the market yet. It's in its infancy. As far as small spreads go... clearly you've never traded forex. the spread on doge is regularly 1500+ basis points on the highest volume exchanges. that's fucking enormous kid. go trade forex or futures or penny stocks or anything else and youll realize that doge has a "large spread".

You should probably stop talking about things you don't understand because it makes you look dumb.

Dogecoin because it has a good user base, it's fast, and the development team has been reliably fast to act when problems have happened. It has also had good price characteristics if you like trading.

FWIW, I used to trade DOGE/BTC on coins-e back in late december/early jan. When the first unannounced fork happened I lost a 110,000 doge deposit  I had deposited from my fully updated Doge wallet to coins-e around the same time as the fork. My only recourse was Twitter and forums as coins-e was silent on support for myself and many others. The loss, it seems, was because coins-e had not updated to 1.3 at the time. This is likely what happened here given the most recent problems happened after the last fork most likely coins-e was running 1.4.

I DID get my deposit, finally, after 2.5 or so weeks not even having it show up in the dogechain or on the site anywhere then being moved to a large coins-e storage wallet.

Some things I didn't like, that made me decide to never use coins-e again was the lack of communication or mere acknowledgement of a problem (not to mention they tweeted that the issue was fixed about a week before anyone in my situation got their coins which caused even more worry). It seems that so far, it's a lack of resources or time on the admin's part (@vigsun). I will re-iterate though that myself and my team of friends in the same situation as me that I met through our collective confusion all got our money back after 2-3 weeks. I saw initiation of movement in the central wallet (looked like processing backlog) about 2 days before I got my coins, but that was at a time that coins-e had more volume and more deposits, many of which they lost after this incident.

http://www.reddit.com/r/dogecoin/comments/1v1ec1/ama_request_someone_from_coinse/

good info here

looks like scam

still waiting on mine

http://pastebin.com/WZshPuup

^apparently a cached version of whois before it was made private

http://www.reddit.com/r/dogecoin/comments/1unq28/coinsecom_made_their_dns_private_yesterday_heres/
http://www.reddit.com/r/dogecoin/comments/1v1ec1/ama_request_someone_from_coinse/

lots of talk that it is a one man operation @vigsun on twitter if you want to start there. there is discussion in the thread about the tracks he didnt cover and it seems to line up.

Hope that helps. Given his silence and track-covering looks like its a fairly massive robbery almost 400 mill on the wallet that most peoples missing deposits went to. Thats a lot of money. He is hosting a meetup in India and lives in Ottowa and is in India for the moneth according to twitter.

Good thing I was skeptical enough to not lose that much* but I'd still like it back.

This would be a really good question to ask applicants at a consulting interview  .

Sugar seems to have basically followed inflation in dollar terms looking at the sugar #11 futures price and not doing anything but some rule of 70 mental math and averaging. It has been fairly volatile. There is politics involved in sugar and sugar producers are subsidized through trade measures and very powerful in US state politics. As such the price is probably inflated somewhat by this. Going forward the demand for sugar is also hard to project. World population will probably grow faster than sugar production capacity. Sugar demand is declining in developed nations due to health efforts but seems like it might become more of a part of the developing economies that prosper and that are being invaded by Coca Cola.

All that is before trying to make any future projection about the price of bitcoin (much less the state of network communications) in 2045   

In case on your test they ask what arbitrage is make sure you choose instantaneous risk free profit rather than moving stuff around in circles to get money. Good luck.

I can't answer your question but I would like to talk about Vircurex.

I like that Vircurex is somewhat transparent with quarterly reports for crypto-stocks, transparent by today's standards for a crypto-exchange at least.

You can read their reports here : https://vircurex.com/welcome/investors?locale=en

I wanted to trade on there but searching on forums I found that around 8 mos ago there were tons of posts about lost money, then there were a few more from 2 mos ago.

If you read in those reports you can see that they claim to have lost money to a defaulted USD/BTC exchange (forget the name). They claim to have lost like 20k usd and 8k euro. There is no proof that I've found for anything and that's their unverified story.  EDIT: The timeframe of the major incident match up to the default mentioned in the report very closely to suggest that depositors funds were lost under their custody and they were likely insolvent.

If you look at their book value, it looks like they are headed to a bad place already negative 1000+ btc (million dollars).

That's why I decided to lose out on the potential arbitrages and trade on one less exchange. Coins-e burned me and they looked legit. I couldn't roll the dice putting real money with an unregulated exchange run out of beijing that's a billion in the hole and seeing declining revenue. Because people like that start to feel pressure after a while, and unless they move mountains to change their course for the better, they take the ferrari that's sitting on their servers likely with no repercussions.

Hopefully I'm just cynical, but the very idea of trade limits, unless you're a complete whale which I assume isn't the case, I think illustrates their present situation. If you deposit it I think you should get to trade it. Not have to jump through hoops while they martingale further into oblivion with your money.


It could just be a routine server upgrade today, but doesn't it kind of seem like even if you always sweep your accounts on a site like that that you're really playing with fire? You could always get stuck and even if youre careful and it ends up as a "cost of doing business" type loss it's still annoying.

I'm pretty new to actually buying cryptocurrencies, although I've been aware of bitcoin and the general mechanics of its operation for a while. I knew about it when it was at prices I don't even want to think about now actually, and almost bought in until mtgox crashed that first time from like 30 to 1. Being only an outside observer I wrote it off as a brilliant idea that wouldn't take off without a more refined iteration, or damaged goods. I can't kick myself too hard because I was a lot younger and bitcoin (still not easily accessible for most peoples' tech level) was a lot harder to buy then it seemed.

Anyway, I've gotten into dogecoin for fun and am totally enthralled by this whole world of cryptocurrencies (mostly doge and BTC at the moment). I wanted to join this forum because to mostly read information posted by people who know a lot more than me by virtue of experience. I am also excited by the vast opportunities that exist to solve problems or advance specific parts of such a fast growing phenomenon. I think that cryptocurrencies will produce an amount of value exponentially greater than where we stand now and the chance to be part of that is exciting!