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Author Topic: Why trade on MtGox  (Read 976 times)
Ninietz (OP)
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January 15, 2014, 07:07:41 PM
 #1

Why trade on MtGox;

Knowing that it is (very) difficult to get fund/BTC in and out of MtGox;

what is the reason/advantages that one trades on MtGox and not one of the other echanges ?

Thx in advance.
NeedForBitcoin
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January 15, 2014, 08:35:47 PM
 #2

Most people trade because of higher volume and price and only withdraw the BTC.
cozytrade
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January 15, 2014, 10:20:51 PM
 #3

Knowing that it is (very) difficult to get fund/BTC in and out of MtGox;

what is the reason/advantages that one trades on MtGox and not one of the other echanges ?

Is deposit also difficult? I thought deposit is relatively easy. Definitely advantage is to sell there and cash out with risk of withdrawal. Also, it is sensitive and have high beta.


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MatTheCat
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January 15, 2014, 10:27:32 PM
 #4

Why trade on MtGox;

Knowing that it is (very) difficult to get fund/BTC in and out of MtGox;

what is the reason/advantages that one trades on MtGox and not one of the other echanges ?

Thx in advance.

Cos people got trapped there when they stopped being able to give people their money back.

Gox volume has dropped off significantly and is increasingly becoming less and less relevant.

Who cares what Bitcoin costs on Gox if anything that is actually priced in Bitcoin tracks Bitstamp (somewhere that people can actually get their money out of).

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Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
LakeBTC
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January 16, 2014, 02:12:43 AM
 #5

 Smiley  our exchange LakeBTC.com check it out  Tongue

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Sindelar1938
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January 16, 2014, 12:07:19 PM
 #6

The btc extraction lever still works pretty well
It's the fiat choke points that suck

Caleb
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January 16, 2014, 03:32:00 PM
 #7

I think security is the main reason. In one year time I think people will recognize bitstamp as n.1 trading place.
scottii
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January 17, 2014, 12:50:00 AM
 #8

Why trade on MtGox;

Knowing that it is (very) difficult to get fund/BTC in and out of MtGox;

what is the reason/advantages that one trades on MtGox and not one of the other echanges ?

Thx in advance.

I agree with NeedForBitcoin.  It's because of the volume/price.
megabuxx
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January 17, 2014, 07:20:41 AM
 #9

Lately there has been no volume in MtGox. BTC-e leads the traffic followed by BitStamp.
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