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Walsoraj
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August 10, 2013, 07:40:48 PM |
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Do they have reason to develop further? There is so little volume, why waste money expanding or improving the platform until the demand is there? I don't think this bodes well for other US-based exchanges on the horizon. There is simply no demand for them. I won't be surprised if many months after launching they still struggle to maintain even a small fraction of whatever volume is on gox. Volume on CampBX is low because the only methods they make available for adding and removing dollars from an account are ones suitable only for hobby traders (no bank wires). There is a very strong demand for Bitcoin in the US, but the legal barriers to entry here are substantial. In the meantime, anyone willing to help fill the retail demand for Bitcoins via in-person LocalBitcoins sales can stay quite busy. Bitstamp doesn't offer bank wires? Nothing these upcoming exchanges offer is appealing. For example, what is the point of a new, faster trading engine when the current slow as snails engines are more than sufficient? You are assuming that a new exchange is going to magically create non-existent demand. |
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FNG
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August 10, 2013, 07:41:27 PM |
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CampBX is US based. It is not legitimate?
I've heard their engine can be slow, but is usually adequate for their volume. Also, didn't they recently upgrade? As an exchange, CampBX is a successful proof of concept but they haven't continued developing it beyond that point. Do they have reason to develop further? There is so little volume, why waste money expanding or improving the platform until the demand is there? I don't think this bodes well for other US-based exchanges on the horizon. There is simply no demand for them. I won't be surprised if many months after launching they still struggle to maintain even a small fraction of whatever volume is on gox. There needs to be an exchange for high volume. Coinbase allows 50 a day. CampBX you can't even buy that without moving the price a large amount at most times. I heard the Winkle twins are backing an exchange..does anyone have any info on that yet? Why does there need to be an exchange for high volume at a time with record low volume? You are assuming demand will follow supply. That doesn't usually happen unless there is trickery or fraud involved. To accommodate large buyers. People with money aren't interested in buying 50 btc at a time |
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Walsoraj
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August 10, 2013, 07:43:08 PM |
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CampBX is US based. It is not legitimate?
I've heard their engine can be slow, but is usually adequate for their volume. Also, didn't they recently upgrade? As an exchange, CampBX is a successful proof of concept but they haven't continued developing it beyond that point. Do they have reason to develop further? There is so little volume, why waste money expanding or improving the platform until the demand is there? I don't think this bodes well for other US-based exchanges on the horizon. There is simply no demand for them. I won't be surprised if many months after launching they still struggle to maintain even a small fraction of whatever volume is on gox. There needs to be an exchange for high volume. Coinbase allows 50 a day. CampBX you can't even buy that without moving the price a large amount at most times. I heard the Winkle twins are backing an exchange..does anyone have any info on that yet? Why does there need to be an exchange for high volume at a time with record low volume? You are assuming demand will follow supply. That doesn't usually happen unless there is trickery or fraud involved. To accommodate large buyers. People with money aren't interested in buying 50 btc at a time And the new exchanges will magically have this incredible market depth for mega whales to buy and sell?  |
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justusranvier
Legendary
 Offline
Activity: 1400
Merit: 1009
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August 10, 2013, 07:48:30 PM |
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Bitstamp doesn't offer bank wires? Bitstamp doesn't offer assurance that they won't have their bank accounts frozen and confiscated by the US government because they haven't paid sufficient protection money in the form of licensing and permits. That's what is holding back Bitcoin exchanges at the moment. |
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Walsoraj
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August 10, 2013, 07:53:15 PM |
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Bitstamp doesn't offer bank wires? Bitstamp doesn't offer assurance that they won't have their bank accounts frozen and confiscated by the US government because they haven't paid sufficient protection money in the form of licensing and permits. That's what is holding back Bitcoin exchanges at the moment. Yea... I'm sure that is exactly why Bitstamp's depth and volume are not 10x current levels. /sarcasm. |
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ChartBuddy
Legendary
Offline
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 10, 2013, 08:02:27 PM |
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FNG
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August 10, 2013, 08:05:51 PM |
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CampBX is US based. It is not legitimate?
I've heard their engine can be slow, but is usually adequate for their volume. Also, didn't they recently upgrade? As an exchange, CampBX is a successful proof of concept but they haven't continued developing it beyond that point. Do they have reason to develop further? There is so little volume, why waste money expanding or improving the platform until the demand is there? I don't think this bodes well for other US-based exchanges on the horizon. There is simply no demand for them. I won't be surprised if many months after launching they still struggle to maintain even a small fraction of whatever volume is on gox. There needs to be an exchange for high volume. Coinbase allows 50 a day. CampBX you can't even buy that without moving the price a large amount at most times. I heard the Winkle twins are backing an exchange..does anyone have any info on that yet? Why does there need to be an exchange for high volume at a time with record low volume? You are assuming demand will follow supply. That doesn't usually happen unless there is trickery or fraud involved. To accommodate large buyers. People with money aren't interested in buying 50 btc at a time And the new exchanges will magically have this incredible market depth for mega whales to buy and sell? Ummm, no. "Mega whales" can go to Tradehill and the like. Normal buyers with 10-100k to purchase need a place without sending it out to a magical card trading website |
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ardana123
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August 10, 2013, 08:08:13 PM |
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Bitstamp doesn't offer bank wires?
bitstamp is a euro exchange |
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ardana123
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August 10, 2013, 08:11:01 PM |
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CampBX is US based. It is not legitimate?
I've heard their engine can be slow, but is usually adequate for their volume. Also, didn't they recently upgrade? As an exchange, CampBX is a successful proof of concept but they haven't continued developing it beyond that point. Do they have reason to develop further? There is so little volume, why waste money expanding or improving the platform until the demand is there? I don't think this bodes well for other US-based exchanges on the horizon. There is simply no demand for them. I won't be surprised if many months after launching they still struggle to maintain even a small fraction of whatever volume is on gox. There needs to be an exchange for high volume. Coinbase allows 50 a day. CampBX you can't even buy that without moving the price a large amount at most times. I heard the Winkle twins are backing an exchange..does anyone have any info on that yet? Why does there need to be an exchange for high volume at a time with record low volume? You are assuming demand will follow supply. That doesn't usually happen unless there is trickery or fraud involved. To accommodate large buyers. People with money aren't interested in buying 50 btc at a time And the new exchanges will magically have this incredible market depth for mega whales to buy and sell? Ummm, no. "Mega whales" can go to Tradehill and the like. Normal buyers with 10-100k to purchase need a place without sending it out to a magical card trading website Tradehill? Does anyone actually use that exchange? From their site: Monthly Volume: 10,514.62761 BTC |
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ChartBuddy
Legendary
Offline
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 10, 2013, 09:02:30 PM |
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ChartBuddy
Legendary
Offline
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 10, 2013, 10:02:25 PM |
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KeyserSoze
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August 10, 2013, 10:19:08 PM |
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Do they have reason to develop further? There is so little volume, why waste money expanding or improving the platform until the demand is there? I don't think this bodes well for other US-based exchanges on the horizon. There is simply no demand for them. I won't be surprised if many months after launching they still struggle to maintain even a small fraction of whatever volume is on gox.
For my part, I had previously put in a few good words about CampBX however I've pretty much stopped using them since it has become nearly impossible to trade on there during price swings. There was a time when one could trade on CampBX when Gox was down from trade lag, however in recent months I've seen several instances of Cloudflare on CampBX and just plain no response even during times when demand WASN'T spiking in general. It's simply become next to unusable for me. The last couple times I used it I basically had to wait until like 3AM EST when no one was using it, just to get money in and buy so I could transfer the BTC elsewhere. |
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ardana123
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August 10, 2013, 10:58:14 PM |
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have we discussed what we shall take as our bitcoin mascott? I vote frozenlock's face.  |
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ChartBuddy
Legendary
Offline
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 10, 2013, 11:02:28 PM |
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Walsoraj
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August 10, 2013, 11:07:55 PM |
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approaching 24hr volume of 3,000 on gox and bitstamp.
This is pathetic, even for weekend day. fuck it, im out. goodbye bitcoin
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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August 10, 2013, 11:09:49 PM |
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approaching 24hr volume of 3,000 on gox and bitstamp.
This is pathetic, even for weekend day. fuck it, im out. goodbye bitcoin
Don't get hit by the door on the way out! |
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Walsoraj
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August 10, 2013, 11:15:02 PM |
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approaching 24hr volume of 3,000 on gox and bitstamp.
This is pathetic, even for weekend day. fuck it, im out. goodbye bitcoin
Don't get hit by the door on the way out! maybe i sell all my btc as i leave, how would u like that? i crash us to single digits single-handedly. |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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August 10, 2013, 11:17:40 PM |
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approaching 24hr volume of 3,000 on gox and bitstamp.
This is pathetic, even for weekend day. fuck it, im out. goodbye bitcoin
Don't get hit by the door on the way out! maybe i sell all my btc as i leave, how would u like that? i crash us to single digits single-handedly. I would probably appreciate that. |
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Walsoraj
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August 10, 2013, 11:35:37 PM |
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approaching 24hr volume of 3,000 on gox and bitstamp.
This is pathetic, even for weekend day. fuck it, im out. goodbye bitcoin
Don't get hit by the door on the way out! maybe i sell all my btc as i leave, how would u like that? i crash us to single digits single-handedly. I would probably appreciate that. shall we see? yes we shall |
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