You could buy bitcoins for USD, then sell bitcoins for EUR.
Good idea... don't know why I didn't think about that in the first place. Anyhow, wouldn't it be a good idea to implement such a conversion system? Would be nice, even if it was via user-to-user transfers. I'm in the opposite position (would like to exchange some EUR and/or GBP for USD) but there's currently no way to do that on the platform. Something similar to "gox codes" would be helpful here. |
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Wow, this has real potential.
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Pretty sure I've seen slow order execution as well before, although I've never done anything that would cause the second issue you mention.
The slow order execution may just be caching as well - the order gets executed quickly, but if the order book is cached, you might not see that it was executed until a few seconds later.
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As stated somewhere earlier on this Thread... This is just the TIP of the iceberg, get ready for some huge announcement within January.
Resurrecting this thread... so mid January has come and gone. Any idea what these new features are and when will we actually be seeing them? |
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Good idea, why don't you try it out, and see what happens?
You certainly can trade with yourself on Gox. I have a bot that (unwittingly) ends up doing this on occasion. |
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As a side note does any other exchange offer dwolla withdrawals? I know some exchanges don't like dwolla due to problems with deposits (reversibility). I know intersango.com does Dwolla deposits and withdrawals as well. Similar to CampBX volume is pretty thin, but arbitrage bots usually pick up the slack. |
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Are there any left of them?
I moved my entire trading to tradehill some time ago, since they always did a good job on paxum withdrawals. However, they are currently having problems of their own, and it's going to take some time until they can say "we're doing business as usual". However, I need to move out some funds, so are there any exchanges left that withdraw to paxum in a timely manner(not like mtgox who tell you up to 5 business days and send the funds after 10)?
Besides, CryptoXchange, please add paxum!
I noticed that Gox just changed their page to say 10 days instead of 5. I haven't tried Paxum on Intersango yet, but I'm guessing it'll probably be pretty slow there as well. Tradehill seems the most reasonable around (excepting their current issues). |
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Seems like the biggest problem would be finding a country that is both unwilling to cooperate with US/UK authorities, but also won't just up and steal your stuff themselves (or accept bribes in exchange for your data, etc.)
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If I understand correctly, the * on the buy side means that Bitcoinica is out of USD, so they can't execute any more long orders.
Also, I think it's safe to assume that there are lots of long orders out there on Bitcoinica that are at or above the buy price but not being executed because of the "No Reserve" issue.
So If I were to deposit some USD at Bitcoinica, would they then use that USD to execute some of those queued orders? And if I were to deposit enough USD, and there were enough orders "queued up", I could cause a rally simply by making a USD deposit but not actually doing any trading.
Is that accurate, or am I missing something?
Seems like an easy way to kick off a rally without actually committing to buying any BTC yourself. Opposite could be said as well for simply depositing BTC if the star were on the sell side.
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I don't do wire transfers, but I've had no issues with TH and Paxum transfers.
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can we get an "all of the above" option?
+1 - I trade extensively on all of them except CryptoXchange (yet) |
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FFfffff.....perhaps I should have broken my 200+ withdrawal up into smaller amounts.
Now I have to wait and hope. I hate the fact that TH does not have a cancel option.
I know any withdrawals over 100 BTC need to be manually approved by their staff, so that could be the holdup. There should really be a note on the site mentioning that. Usually I break my withdrawals up into several smaller ( < 100 ) withdrawals just to avoid that. |
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I believe it is possible to "hide" orders from people using the real time APIs. Would work something like this:
1. Place a buy order for 16000 BTC, but don't have the money in your account to cover it.
2. Deposit enough money to cover your order.
3. Order will become active, but will be invisible on MtGoxLive, at least for a while.
This would not work against charts that use the regular REST APIs though.
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Great to hear! I e-mailed a couple people at Smart Money & the Wall St. Journal that I've talked with before about other tech/finance projects. Will post again if I hear anything back.
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I think you might be right, but I'd have to know what oscillators you are using to be sure.
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I looked at btc-e and I don't really know why but I don't feel very comfortable letting my money sit in there.
+1, I feel the same way. Something just feels a bit shady about that exchange. |
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Yup, I get that as well. I have to wonder though what about placing an order would cause a database lock like that
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Crypto now supports BitInstant so it's much cheaper to get money in. You can also deposit Mt.Gox codes at crypto so you can get USD from Gox over to Crypto with zero fee (and you can use Bitinstant to get USD from Crypto back to gox for about 1%)
Didn't realize you could deposit Mt. Gox codes at crypto directly for no fee. That is a big plus. I have used BitInstant on a number of occasions to go from Gox to Tradehill, but even at 1% the fees are usually too high to make sense. The profit margin from arbitrage is hardly ever over the 1% required to cover the transfer. |
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I've done a bit of manual arbitrage on Ruxum as well, but the fact that they don't have an API makes it kind of pointless for me. Also, their fees for getting money in and out are pretty ridiculous (same reason I'm not trading at CryptoX yet).
I get an uneasy feeling that Ruxum will just drop off the map soon as well...
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