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Author Topic: I officially quit Mt.Gox, moving to BTC-E  (Read 5606 times)
lucif
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March 26, 2013, 01:16:38 AM
 #21

Not sure how you do a closed-loop sell on BitStamp, buy on BTC-E arb system, without losing out in automatic exchanger fees.
Its not a cross-trading. They all have same picture (primary copying gox so far plus/minus bitinstant bots fees). All trend lines, even short term, are same. You can look at mtgox as to liquidity market and make buy/sell decisions based on that, but buy and sell on other exchanges.

This scheme moves mtgox pain to bot keepers in exchange to some price slip due to bigger spread.

mtgoxusd:


btceusd:


bitstampusd:
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disclaimer201
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March 26, 2013, 01:41:41 PM
 #22

Don't see why anyone wants to do business with an exchange holding tens of thousands of bitcoinica user funds for months not willing to
talk to the liquidators or return bitcoins/cash that isn't theirs!
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March 26, 2013, 05:28:32 PM
 #23

Careful with BTC-E, they have an outrageous BTC withdrawal fee.

And have the lowest trading fee

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March 26, 2013, 07:12:09 PM
 #24

Don't see why anyone wants to do business with an exchange holding tens of thousands of bitcoinica user funds for months not willing to
talk to the liquidators or return bitcoins/cash that isn't theirs!

btc-e?

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March 26, 2013, 08:08:12 PM
 #25

Don't see why anyone wants to do business with an exchange holding tens of thousands of bitcoinica user funds for months not willing to
talk to the liquidators or return bitcoins/cash that isn't theirs!

btc-e?

Gox

lucif
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March 28, 2013, 07:48:24 PM
 #26

5k single sell and Gox disappeared from radars.

https://bitcointalk.org/index.php?topic=160335
lucif
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March 28, 2013, 07:59:52 PM
 #27

15 minutes of downtime. No response from Europe. Feeds dead.
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March 28, 2013, 08:03:09 PM
 #28

Back up for me (UK)
lucif
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March 28, 2013, 08:03:44 PM
 #29

Yeah, back up. 20 minutes of downtime.
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March 28, 2013, 08:08:45 PM
 #30

Ah! And the main point due to which I considered to create such topic.

Mt.Gox made fundamental changes to their API leaving warning about this only in specialized subforum.

NO OFFICIAL PRESS RELEASE
NO OFFICIAL EMAIL TO API KEYS HOLDERS

They just broke lots of apps (mobile, bots, their own mobile client, their own classic interface) being in center of Bitcoin economy.

Is this why my Bitcoinium app broke?

I've been recommending MTGOX/Coinlab to the people I meet, but I've been exploring a bit myself. I describe MTGOX as the least crappy exchange.
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March 28, 2013, 08:14:00 PM
 #31

The best choice for Europe is https://bitcoin-24.com/

You can send & withdraw euro via SEPA - pretty quick and no banking fee.

Withdraw & deposit of euro cost you 1,24 euro for the exchange. That's it, no need to pay any other fees.

It's my favourite...

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March 28, 2013, 09:10:21 PM
 #32

Bitstamp seems to be greater price these days

I've stopped using gox as they're closing for US anyway

BitMe is closing as well

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March 30, 2013, 02:11:25 PM
 #33

I think I have found solution how to deal with low liquidity on non-gox markets.

There is enought hidden arbitrage liquidity everywhere. So if you need market buy/sell, you just put the bid/ask 1-2% higher/lower off the current price. Arbitrage bots will eat that wall and transfer it to gox or other exchange.

So it is possible to sell mtgox pain to arbitrage owners for 1-2%.
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March 06, 2014, 04:16:37 PM
 #34

lets look at this post almost one year later  Grin

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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March 06, 2014, 05:08:22 PM
 #35

=)

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March 07, 2014, 01:44:46 AM
 #36

Meta

smoothie
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March 07, 2014, 06:12:08 AM
 #37

Actually I am tired of this shit happening on MtGox. I considered it is not suitable for good trading as it always provides traders with surprises. Points:

* Order lag (its a bug actually casted to feature!)
* Trade interrupts, engine freeze. From minutes to hours.
* Sudden price false spikes, for example my ask order is at $13.80 and price went to $14 then down without affecting my order.
* Absolutely no feedback on above from Mt.Gox side (dummy answers). They pretend its okay and running fine.
* The most draconian fees in bitcoin world. They leave all above untouched having about up to $100.000 or even greater on daily fees.

I am silent about fiat withdrawals issues. This subforum should have a lot of such.

Taking into account all positive and negative effects of my decision, I decided that working with Gox is a pain in ass full of hidden risks which can overwhelm profits some day.

I move to BTC-E. I am not a big fish for Gox, but seems that big for btc-e. And liquidity issues are less pain in ass than mtgox ones on this stage.

I make this decision public to show my big pennis to Mt.Gox.

Good job buddy. Nice move.

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myself
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March 07, 2014, 01:36:41 PM
 #38

Meta


so ?
the concerns posted by OP made him change exchanges look how said concerns got ignored and downplayed, 1 year after ppl get to look again at their valuation of said concerns and maybe next time think better ? and other did agree on the OP concerns, mtgox users got almost 1 year time from this post to read and think and see by themselves if there was any risk

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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March 07, 2014, 01:40:08 PM
 #39

There is no such thing as too old a thread. Necroposting is a way too keep order in here!


 
 
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March 07, 2014, 01:42:31 PM
 #40

tell me where you gonna hop for another exchange op ill be right with ya

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