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Log in to your Paxum account and then click on Announcements to see the posting regarding no more biticoin or bitcoin exchange related business.
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I never really liked Paxum anyway. I prefer Dwolla.
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At Mt Gox YOU PAY a commission of between 0.25% and 0.60% of the value of your trade ON ALL TRADES. At www.BitFloor.comThey PAY YOU 0.1% of the value of your trade for trades that add liquidity to the order book. For orders that take liquidity from the order book you pay a commission 0.4%. But if your trading style is to let the price come to you, this could be huge! If enough of us traders move over there, we can save a ton of money in commissions. I've already got orders on www.BitFloor.comCome and join me. P.S. They also support Dwolla! |
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286 mais BTC negociadas hoje no Mercado Bitcoin
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Mt Gox should design a website specifically for mobile devices. Google and Yahoo do this and it works great. If Mt Gox had this you'd just open the Safari browser on the iPhone and go to MtGox.com. The mobile site would also work great on Android devices and other mobile devices. But the biggest plus would be no approval from Apple would be needed.
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I also liked the daily high and low better than a 30-day high and 30-day low.
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1) native support for deposits and withdrawals via Dwolla directly instead of through an intermediary.
2) have a commission structure that charges traders for taking liquidity but gives a rebate for adding liquidity to the order book. For example, charge 1% for taking liquidity and give a 0.5% for adding liquidity.
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According to http://www.bitcoincharts.com/markets/Crypto X Change is now in 3rd place in 30-day volume of BTC/USD. Why do you think they've been able to gain volume so quickly? What do you like or dislike about Crypto X Change? Personally, I'd like to see them offer native deposits and withdrawals via Dwolla. |
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What the latest status of withdrawing USD from TradeHill via Paxum? How long are these transfers taking now?
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I show a high of $10,000,00 on bitcoincharts on CryptoX. That high should be corrected.
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It looks like Crypto X Change is having some problems. Anybody know what's going on there?
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I have some BTC that I may want to send to an exchange, sell and then withdrawal USD to my Paxum account. How long are Mt Gox and TradeHill currently taking to process USD withdrawals to Paxum?
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Volume no http://www.mercadobitcoin.com.br/está crescendo. Nos últimos 30 dias eles trocaram 2272 BTC e há algumas ordens sobre o livro cada de 100 BTC ou mais. É preciso haver um bom lugar para o comércio BTC / BRL. Espero que o volume continua a crescer. |
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Alright, I thought about it some more. I think I was on the right track before, but focusing on the wrong thing.
The problem with Bitcoinica matching positions outside their own market is that they can run out of reserve. This leads to the * which can signal large players to push the market drastically in a certain direction.
The system can be gamed and because of leverage it can harm Bitcoinica and their customers.
If a huge majority is long on Bitcoinica, we get a * on the buy side.
This signals a whale to sell a shit ton of Bitcoins on Gox, knowing it will force liquidate people (since Bitcoinica is hedging on Gox).
This allows the whale to spike the price drastically, and rebuy his coins at a much lower price. All at the expense of Bitcoinica and it's customers (especially those with high leverage).
To add insult to injury, when everyone is long and there is a *, this guy can still short, correct?
So he opens a small short position before spiking Gox, and profits here as well.
This would all be prevented if Bitcoinica keeps all it's trades in house.
Only Bitcoinica controls the Bid Ask on Bitcoinica. On Mt Gox the interaction of buy and sell orders determines the Bid Ask. Bitcoinica could just move the Bid Ask on Bitcoinica to go stop hunting (a common practice in Forex) but this might make some of their customers mad and leave. So Bitcoinica does the next best thing, they sell a lot on Mt Gox to drive the spot price down and flush a lot of weak long positions out of their positions on Bitcoinica. I think the whale IS bitcoinica, although it could be someone else and even a bitcoinica client trying to screw Bitcoinica. As Forex has little regulation and BTC none, traders should think about what they are getting into before trading with large amounts of money. Caveat emptor. |
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Many Bitcoin traders need to move USD
1) from a bank to a BTC exchange and vice-versa
2) do so quickly
3) do so at a low lost
Dwolla does these things well. I understand the issues that exchanges have with Dwolla passing on fraudulent activity to them. But as I'm not a BTC exchange, that is not a problem that I have to deal with. For now, Dwolla is my first choice for moving USD to and from a BTC exchange.
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I want to upgrade my Bitcoin client from 0.5.1 to 0.5.2. Do I need to uninstall 0.5.1 first or should I just install 0.5.2 on top of 0.5.1?
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Bitcoinica should go where the liquidity is. An ideal solution would be to look at each of the top exchanges and send orders in proportion to the liquidity on each exchange.
In my opinion one of the exchanges should offer aggressive rebates for adding liquidity. The spot traders would get a rebate for adding liquidity and Bitcoinica would find the liquidity in one place. Although, all the liquidity is at Mt Gox right now. It's just both liquidity providers and liquidity takers are charged a fee. If there is a smart exchange out there, they'll pay for liquidity.
Mt Gox had the lion's share of volume before Bitcoinica and Bitcoinica using Mt Gox has just consolidated volume even more there. For now, Bitcoinica is the volume, wherever they go, the volume will follow.
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Bitcoinica is the best way I know of to short BTC. It certainly has increase the trading volume on Mt Gox. I think it's great for Bitcoin overall. I haven't traded there because 1) the price is determined by Bicoinica only and not by client orders 2) with the *, sometimes you can't buy or sell when you want to, real bummer.
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Do You Trade BTC-USD Somewhere Other Than Mt Gox, Excluding Bitcoinica? If so, where do you trade BTC-USD and why?
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