"© 2011 xWaylab Inc."
How can a 17 year old incorporate a company?
My registered agent didn't mention anything about age requirement, mainly because registration in Delaware is anonymous. Also, I'm not the only shareholder of the company. But I'm the only one responsible for Bitcoinica development. |
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Thank you very much for the support! We really appreciate it! Perhaps you can mention a little bit about our API. We're the first Bitcoin trading platform that supports RESTful API, which makes API implementation painless and elegant. Our API documentation: https://www.bitcoinica.com/pages/apiAgain, thank you for your support! |
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I post at most one thread per day. Getting it on first page means it's fairly popular.
Bitcoinica is now the second largest exchange, but there are only three threads about it in this forum.
More people should be invited to join and see.
i'll ask this one as polite as i can.. are you high on something? ok it might be a good (or even the best) exchange in design /services/safety. dont write things that a just are not true. www.bitcoincharts.com . check the trading volumes please. What's wrong with my data? I fetched them yesterday. Currently Bitcoinica is still the second largest trading platform. We will contact Bitcoin Charts to list our platform soon. |
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Watch out guys. Their Mt Gox. limit was reached on their account and you currently cannot withdraw via Gox code! This has been an issue for the past ~12 hours, and it still has not been fixed.  Hi, We apologize for the inconvenience. Bitcoinica was growing at a completely unexpected rate. Mt. Gox has already responded to us and we are preparing our documents and submit to them for approval. Withdrawals on Bitcoinica will be recovered after a few hours (24 hours passed), and currently if you need urgent withdrawal, you can send an email to info@bitcoinica.com indicating how much you want to withdraw. It will be processed within 1 hour. Thank you for your support! |
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To me this looks like I have to USE Mtgox..
Which I dont wanna use..
Its not very clear..
TradeHill support will be announced soon. We're in the process of working with them. |
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How many threads do you need to make, this is the third one on the first page.
I post at most one thread per day. Getting it on first page means it's fairly popular. Bitcoinica is now the second largest exchange, but there are only three threads about it in this forum. More people should be invited to join and see. |
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Last 24 Hours 15169.57 BTC Traded 940 Orders Placed Now Bitcoinica shows trading volume in the past 24 hours publicly! https://www.bitcoinica.com/We hope this kind of transparency can help everyone understand Bitcoinica better. |
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In the past 24 hours:
Mt. Gox - 75,199.76 BTC
TradeHill - 5,314.95 BTC
Bitcoinica - 5,437.35 BTC
Is there currently any way to see your exchange volume on your site or elsewhere? Thanks. Not yet. We started only a few days ago and since we are taking a forex approach - volume and order book are not important, we don't disclose the numbers publicly. However, we will make this available on both our web interface and API in order to be transparent. It may take about a week to make this possible. Thank you for your support! P.S. Since 24 hours ago to now, we have traded almost 10,000 BTC now. |
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246 USD = 41.9 BTC
1DutmaFU4hR3Rzum5P5Jn4Wf4KVZFW5ZR1
Sorry for the delay. bitcoin transaction: 7b9a238898fc79198eeb0becba6200a2a37232d4733540b4514c5c89b1bf51ba Thank you for your business! |
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What's so special about the country I'm living in? And what? "financial fraud"?
While I don't really understand what you mean, I have to say that the Bitcoin market is open for all, and new ideas are coming out every day. I urge you to look at the product itself instead of judging by other factors.
I'm not interested in unethically making other Bitcoin fans' money in this united community. What we want is to enlarge and enrich the Bitcoin market and Bitcoinica does the job of bringing in Forex traders.
Zhoutong, I truely think that you are a genius. It so just happens that you seem to have an innate ability to come up with evil schemes. I truely believe you when you are saying that you don't know what I'm talking about. Wikipedia has a good introduction to bucket shop concept and why it is considered a fraud in most of the civilized world. http://en.wikipedia.org/wiki/Bucket_shop_(stock_market) Jesse Livermore was the most famous bucket shop promoter, although he never was a bucket shop operator. In fact the actual bucket shop operators went to the extreme to avoid being associated with him. http://en.wikipedia.org/wiki/Jesse_Lauriston_LivermoreYour country is significant in my mind, because the South East Asia was/is a heaven for bucket shops. In not sure about Singapore, but Hong Kong and Macau have a long and continuous history of fly-by-night hole-in-the-wall financial "exchanges". You have extended the long tradition with your offer of accepting single USD accounts to allow wagering on bitcoin. Thanks for the explanation. However, 1. Bitcoinica is not a bucket shop, it's a brokerage. All the hedging will take place if our clients place orders in a particular direction. The spread seems high now, but will be eventually lower. 2. We don't bet against our clients. We never want them to lose. There's no incentive to do that. 3. There are large scale transactions coming in Bitcoinica. First day we got 3700+ BTC, ranked number 3 among all trading platforms. Bitcoinica has more than 5% of total Bitcoin/USD trades. A bucket shop can't survive this amount of volume. 4. Because of stop orders and margin calls, we are partly responsible for the crash. Our orders are already influencing the market. 5. I'm not a Singapore citizen. I just live here. Thank you for teaching me the culture. Contradicting answers from this post and your reply above. "That's not really true. We hedge most of the transactions in Mt. Gox. However, I do have to use a bit of smartness to write an algorithm to manage the hedging. I can see the actual trading data of Bitcoinica - way too many people are transacting at different directions nearlyat the same time. I also checked my Mt Gox account history, even with the algorithm, I'm still selling to myself most of the time." #3 "I'm still selling to myself most of the time" - so are you really the third largest if you are selling to yourself The "selling to myself" means that our customers place orders at opposite directions for nearly the same amount. Usually a Forex broker will try to eliminate this. But given the volatility of Bitcoin market, we have to hedge most of the funds, which may result in repeated buying and selling orders in our Mt. Gox account. All the transaction volumes are customer generated. I traded very little recently because I spent most of the time on the development of Bitcoinica. Hm.. Why does high volatility require direct transactions on MtGox? It seems that you'd really want to handle competing orders synthetically when there is active trading, and directly only when there is light volume. -Jonathan There are four different cases: 1. Light on Bitcoinica. Heavy on Mt. Gox. 2. Light on Bitcoinica. Light on Mt. Gox. 3. Heavy on Bitcoinica. Light on Mt. Gox. 4. Heavy on Bitcoinica. Heavy on Mt. Gox. Currently our algorithm identifies 1 and 4. And most transactions which fall into this category are executed externally. It's one of our promise that not to make profit from our customers' losses. We can't act like any evil Forex brokerages who bet against their customers. We are aiming for the long-term growth of the Bitcoin community. Trading externally helps increasing the liquidity in the spot market. And this is one of our most important contributions to the Bitcoin community, besides the product itself. I understand your reasoning. Please get in touch with Mr. Karpeles @ MtGox, and the guys at Bitinstant! It seems to me that there's no good reason not to work with them to gain 1) higher volume and 2) higher liquidity. You shouldn't have to open multiple MtGox accounts. Your platform is innovative and serious enough that they're probably just waiting for your call. -Jonathan Yeah sure. Thank you for your suggestion! These days we're working with TradeHill now. And we discovered that Mt. Gox has placed AdWords on "Bitcoinica". So I guess they already have noticed us. I will contact them soon. |
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What's so special about the country I'm living in? And what? "financial fraud"?
While I don't really understand what you mean, I have to say that the Bitcoin market is open for all, and new ideas are coming out every day. I urge you to look at the product itself instead of judging by other factors.
I'm not interested in unethically making other Bitcoin fans' money in this united community. What we want is to enlarge and enrich the Bitcoin market and Bitcoinica does the job of bringing in Forex traders.
Zhoutong, I truely think that you are a genius. It so just happens that you seem to have an innate ability to come up with evil schemes. I truely believe you when you are saying that you don't know what I'm talking about. Wikipedia has a good introduction to bucket shop concept and why it is considered a fraud in most of the civilized world. http://en.wikipedia.org/wiki/Bucket_shop_(stock_market) Jesse Livermore was the most famous bucket shop promoter, although he never was a bucket shop operator. In fact the actual bucket shop operators went to the extreme to avoid being associated with him. http://en.wikipedia.org/wiki/Jesse_Lauriston_LivermoreYour country is significant in my mind, because the South East Asia was/is a heaven for bucket shops. In not sure about Singapore, but Hong Kong and Macau have a long and continuous history of fly-by-night hole-in-the-wall financial "exchanges". You have extended the long tradition with your offer of accepting single USD accounts to allow wagering on bitcoin. Thanks for the explanation. However, 1. Bitcoinica is not a bucket shop, it's a brokerage. All the hedging will take place if our clients place orders in a particular direction. The spread seems high now, but will be eventually lower. 2. We don't bet against our clients. We never want them to lose. There's no incentive to do that. 3. There are large scale transactions coming in Bitcoinica. First day we got 3700+ BTC, ranked number 3 among all trading platforms. Bitcoinica has more than 5% of total Bitcoin/USD trades. A bucket shop can't survive this amount of volume. 4. Because of stop orders and margin calls, we are partly responsible for the crash. Our orders are already influencing the market. 5. I'm not a Singapore citizen. I just live here. Thank you for teaching me the culture. Contradicting answers from this post and your reply above. "That's not really true. We hedge most of the transactions in Mt. Gox. However, I do have to use a bit of smartness to write an algorithm to manage the hedging. I can see the actual trading data of Bitcoinica - way too many people are transacting at different directions nearlyat the same time. I also checked my Mt Gox account history, even with the algorithm, I'm still selling to myself most of the time." #3 "I'm still selling to myself most of the time" - so are you really the third largest if you are selling to yourself The "selling to myself" means that our customers place orders at opposite directions for nearly the same amount. Usually a Forex broker will try to eliminate this. But given the volatility of Bitcoin market, we have to hedge most of the funds, which may result in repeated buying and selling orders in our Mt. Gox account. All the transaction volumes are customer generated. I traded very little recently because I spent most of the time on the development of Bitcoinica. Hm.. Why does high volatility require direct transactions on MtGox? It seems that you'd really want to handle competing orders synthetically when there is active trading, and directly only when there is light volume. -Jonathan There are four different cases: 1. Light on Bitcoinica. Heavy on Mt. Gox. 2. Light on Bitcoinica. Light on Mt. Gox. 3. Heavy on Bitcoinica. Light on Mt. Gox. 4. Heavy on Bitcoinica. Heavy on Mt. Gox. Currently our algorithm identifies 1 and 4. And most transactions which fall into this category are executed externally. It's one of our promise that not to make profit from our customers' losses. We can't act like any evil Forex brokerages who bet against their customers. We are aiming for the long-term growth of the Bitcoin community. Trading externally helps increasing the liquidity in the spot market. And this is one of our most important contributions to the Bitcoin community, besides the product itself. |
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If you are relying on withdrawing in mtgox $, you might have a little problem...Even after you up the limit...
Just a heads up.
We support Mt. Gox and Wire at the same time. TradeHill has also contacted us. We will support Bitcoinica-TradeHill deposit/withdrawal soon. |
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If you can't cover a $246.00 withdrawal, why would I want to use your service?
Hi, I think I need to explain a little bit here. We have more than several thousands of dollars combined in all accounts, but currently we have run out of withdrawal limit. Bitcoinica was launched only 3 days ago so we need some time to get into contact with Mt. Gox to lift the limit. If you urgently need funds, we're glad to provide BTC withdrawals anytime. Just email me! |
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What's so special about the country I'm living in? And what? "financial fraud"?
While I don't really understand what you mean, I have to say that the Bitcoin market is open for all, and new ideas are coming out every day. I urge you to look at the product itself instead of judging by other factors.
I'm not interested in unethically making other Bitcoin fans' money in this united community. What we want is to enlarge and enrich the Bitcoin market and Bitcoinica does the job of bringing in Forex traders.
Zhoutong, I truely think that you are a genius. It so just happens that you seem to have an innate ability to come up with evil schemes. I truely believe you when you are saying that you don't know what I'm talking about. Wikipedia has a good introduction to bucket shop concept and why it is considered a fraud in most of the civilized world. http://en.wikipedia.org/wiki/Bucket_shop_(stock_market) Jesse Livermore was the most famous bucket shop promoter, although he never was a bucket shop operator. In fact the actual bucket shop operators went to the extreme to avoid being associated with him. http://en.wikipedia.org/wiki/Jesse_Lauriston_LivermoreYour country is significant in my mind, because the South East Asia was/is a heaven for bucket shops. In not sure about Singapore, but Hong Kong and Macau have a long and continuous history of fly-by-night hole-in-the-wall financial "exchanges". You have extended the long tradition with your offer of accepting single USD accounts to allow wagering on bitcoin. Thanks for the explanation. However, 1. Bitcoinica is not a bucket shop, it's a brokerage. All the hedging will take place if our clients place orders in a particular direction. The spread seems high now, but will be eventually lower. 2. We don't bet against our clients. We never want them to lose. There's no incentive to do that. 3. There are large scale transactions coming in Bitcoinica. First day we got 3700+ BTC, ranked number 3 among all trading platforms. Bitcoinica has more than 5% of total Bitcoin/USD trades. A bucket shop can't survive this amount of volume. 4. Because of stop orders and margin calls, we are partly responsible for the crash. Our orders are already influencing the market. 5. I'm not a Singapore citizen. I just live here. Thank you for teaching me the culture. Contradicting answers from this post and your reply above. "That's not really true. We hedge most of the transactions in Mt. Gox. However, I do have to use a bit of smartness to write an algorithm to manage the hedging. I can see the actual trading data of Bitcoinica - way too many people are transacting at different directions nearlyat the same time. I also checked my Mt Gox account history, even with the algorithm, I'm still selling to myself most of the time." #3 "I'm still selling to myself most of the time" - so are you really the third largest if you are selling to yourself The "selling to myself" means that our customers place orders at opposite directions for nearly the same amount. Usually a Forex broker will try to eliminate this. But given the volatility of Bitcoin market, we have to hedge most of the funds, which may result in repeated buying and selling orders in our Mt. Gox account. All the transaction volumes are customer generated. I traded very little recently because I spent most of the time on the development of Bitcoinica. |
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No response from them in 12 hours so far.. It's given me the same error with different amounts when I try to withdraw funds. I'm a bit frustrated.  Sorry, your previous email went into my junk box so I didn't see it. I really apologize for the error. I have already replied to your email and asked for your BTC withdrawal details but you haven't responded yet. Awesome. I'll reply to your email from here, and give you my receiving address publicly so that there's transparency in the error resolution. Ok?  Thanks for the quick reply! I'd like to leave $100 in there. The BTC equivalent of the 86.10 should go to Address: 191npMfngRLgheQHDUzTAgi9Q8mH8FfHyL Thanks again, and awesome site! I can't wait for the spread to narrow a bit  -Jonathan I have placed a Market order on your behalf for this withdrawal. BTCUSD 14.38 MARKET — EXECUTED @ 5.9805 It costs $85.99959. This amount was deducted from your account. Then I sent 14.38 BTC to your address. Bitcoin Transaction: 68661f544cd0e7a7dd85d7fa7abcc10a9365c4bb542d2c5eb23d373dc51c4bc9 Thank you for your business! Thank you sir! Is there a possibility of increasing your daily limit with Gox? If Bitcoinica is to grow larger, I have to imagine that a more robust account will need to be in place with Gox. Regards, Jonathan Yes, I will get contact with them soon. We just set up a new Mt. Gox account today so currently we have two accounts operating at the same time. Both of them run out of withdrawal limits. :-/ Thank you for your understanding! |
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No response from them in 12 hours so far.. It's given me the same error with different amounts when I try to withdraw funds. I'm a bit frustrated. Sorry, your previous email went into my junk box so I didn't see it. I really apologize for the error. I have already replied to your email and asked for your BTC withdrawal details but you haven't responded yet. Awesome. I'll reply to your email from here, and give you my receiving address publicly so that there's transparency in the error resolution. Ok? Thanks for the quick reply! I'd like to leave $100 in there. The BTC equivalent of the 86.10 should go to Address: 191npMfngRLgheQHDUzTAgi9Q8mH8FfHyL Thanks again, and awesome site! I can't wait for the spread to narrow a bit -Jonathan I have placed a Market order on your behalf for this withdrawal. BTCUSD 14.38 MARKET — EXECUTED @ 5.9805 It costs $85.99959. This amount was deducted from your account. Then I sent 14.38 BTC to your address. Bitcoin Transaction: 68661f544cd0e7a7dd85d7fa7abcc10a9365c4bb542d2c5eb23d373dc51c4bc9 Thank you for your business! |
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No response from them in 12 hours so far.. It's given me the same error with different amounts when I try to withdraw funds. I'm a bit frustrated. Sorry, your previous email went into my junk box so I didn't see it. I really apologize for the error. I have already replied to your email and asked for your BTC withdrawal details but you haven't responded yet. |
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 I do worry sir. I need my money NOW. Send me BTC instead please. Maria. How many BTC do you need? I will subtract from your long position since you have one currently. You can give me your Bitcoin Wallet address or I can send you a Mt. Gox code via email. So that it's fair to us. |
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 You service is great, however, I am trying to withdrawal 246.00 USD and I am getting an Error. Not Good. Maria. Hi, sorry for that. We have run out of our withdrawal limit at Mt. Gox. I will contact them personally soon. We do have huge reserves to cover this withdrawal. So don't worry! |
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In the past 24 hours: Mt. Gox - 126,170.02 BTC TradeHill - 6,020.16 BTC Bitcoinica - 15,397.57 BTC
Thank you for your active support! https://www.bitcoinica.com/Edit: Updated with new data |
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