01BTC10
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Merit: 503
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August 19, 2013, 01:45:40 PM |
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Smell like to da moon on Gox to me.  <-- Thinking about delaying school to move to Japan to arb the shit out of Gox. |
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joesmoe2012
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August 19, 2013, 01:48:37 PM |
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If you go to school in japan, then you could just open a personal japanese bank account (so long as you have a studnet visa).
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01BTC10
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Activity: 756
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August 19, 2013, 01:50:34 PM |
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If you go to school in japan, then you could just open a personal japanese bank account (so long as you have a studnet visa).
Might be a bit late to do the paperwork (school start next week). MtGox should fix their banking issue before I can get a student visa. |
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ChartBuddy
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Activity: 2352
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 19, 2013, 02:02:16 PM |
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Rampion
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August 19, 2013, 02:49:34 PM |
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I suspect people are more concerned about getting their money out at all, than just waiting a month. Why else would you pay a 20% premium?
If you were buying coins now, you wouldn't be wiring funds to Gox and paying a 20% premium. The only people who would pay that are those who (unfortunately) have fiat funds there waiting already.
Also, Gox would be for traders. Try trading on Stamp, it is hard. You could keep your coins on Stamp and trade with some on Gox as there is the action. I trade regularly on Stamp, without any major issues. TBH, it tends to be a bit less erratic, IMO. Try making trades of +300 coins at Bitstamp without MAYOR slippage and then report back please... Even on Gox, the slippage is a huge profit killer for traders - on Bitstamp is just impossible to daytrade for anyone with a little more than play money. |
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bzzard
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August 19, 2013, 02:53:51 PM |
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lucas.sev
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August 19, 2013, 02:56:26 PM |
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Try making trades of +300 coins at Bitstamp without MAYOR slippage and then report back please...
Mayor Slippage  |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 19, 2013, 03:02:29 PM |
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Walsoraj
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August 19, 2013, 03:04:27 PM |
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180$ by friday, amirite or amirite?
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ardana123
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August 19, 2013, 03:17:47 PM |
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Just a random question here. Since Gox supports several currencies, do those markets also adhere by the going exchanges rates of the dollar and the euro? For example, the dollar drops versus the euro one day, would the Gox market reflect this or would there be a significant delay of a few days?
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ChartBuddy
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Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 19, 2013, 04:02:22 PM |
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daburone
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August 19, 2013, 04:10:19 PM |
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Does this graph indicate that the last 48 hours was a mini-bubble? What do you guys think?  |
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uhoh
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August 19, 2013, 04:10:42 PM |
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Try making trades of +300 coins at Bitstamp without MAYOR slippage and then report back please...
Mayor Slippage  |
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joesmoe2012
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August 19, 2013, 04:20:10 PM |
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Just a random question here. Since Gox supports several currencies, do those markets also adhere by the going exchanges rates of the dollar and the euro? For example, the dollar drops versus the euro one day, would the Gox market reflect this or would there be a significant delay of a few days?
Gox charges flat 2.5% "from their bank" to exchange, though as was pointed out earlier in another thread, often the spread between difference currencies on gox is <2.5% |
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barbs
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August 19, 2013, 04:44:20 PM |
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Just a random question here. Since Gox supports several currencies, do those markets also adhere by the going exchanges rates of the dollar and the euro? For example, the dollar drops versus the euro one day, would the Gox market reflect this or would there be a significant delay of a few days?
Gox charges flat 2.5% "from their bank" to exchange, though as was pointed out earlier in another thread, often the spread between difference currencies on gox is <2.5% This has been talked about before but the other currency markets have separate bid/ask walls and currencies. You can play the arb yourself sometimes, it has made money ie the GBP or EUR asks don't react as fast as USD market sometimes so I like to park currencies across usd/eur/gbp for those opportunities  |
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lebing
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Enabling the maximal migration
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August 19, 2013, 04:58:27 PM |
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Does this graph indicate that the last 48 hours was a mini-bubble? What do you guys think? Not a bubble, just normal arbitrage/ correction happening after a ridiculously large spike. Check out bitstamps price to see what i mean - it hasnt moved down there at all really. |
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Its About Sharing
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Antifragile
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August 19, 2013, 05:06:17 PM |
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That is nice to see, thanks for the post. Has Gox addressed this publicly though? Why just in a thread (and who are those characters? Any Gox affiliation?) |
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NamelessOne
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Activity: 840
Merit: 1000
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August 19, 2013, 05:14:41 PM |
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That is nice to see, thanks for the post. Has Gox addressed this publicly though? Why just in a thread (and who are those characters? Any Gox affiliation?) While they have been improving, Gox has always been bad addressing the public and communicating. It is like they freeze up and get scared as to how people will react until finally it is too big of an issue and MUST be addressed. Doing this instead of having relieved the pressure earlier when the community wasn't as pissed. At least it always feels like that. Or... they just don't care. haha |
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lucas.sev
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August 19, 2013, 05:21:02 PM |
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That is nice to see, thanks for the post. Has Gox addressed this publicly though? Why just in a thread (and who are those characters? Any Gox affiliation?) MagicalTux is Mark Karpeles if that is what you are asking. |
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