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Author Topic: Bitfloor shutting down  (Read 4883 times)
crazy_rabbit
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April 18, 2013, 07:36:43 PM
 #21


If anyone is looking for a new place to trade, please consider CampBX.  We will love to have you on our platform.

- Keyur



I just opened an account and Dwolla'd $1000 into it. I will update with my trading experience.

Right off the bat, I notice that there's no trade volume information, and the order book (depth table) has to be refreshed *manually* using the browser.

-- FK

From the looks of it, I believe they're aiming for the API traders. Looks fine to me, as I'm an API trader myself, and I'm moving cash to them next week to try them out as well... but you're right, without browser based trades being easier, they're going to very severely restrict their client base - it's just not browser-friendly.

It might prove to be helpful- the fewer users freaking out and clicking "cancel cancel cancel" or "buy buy buy" a million times per second might prove to be more then a benefit for the API traders. No harm in it being a niche organisation for only pros.

more or less retired.
radiumsoup
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April 18, 2013, 07:56:06 PM
 #22

It might prove to be helpful- the fewer users freaking out and clicking "cancel cancel cancel" or "buy buy buy" a million times per second might prove to be more then a benefit for the API traders. No harm in it being a niche organisation for only pros.

it would help liquidity, though... and that's pretty important for API traders (well, bot traders, anyway, but I assume most API traders are using automated trading scripts). Without new blood coming in buying or selling, the market will evaporate slowly to the exchange fees.

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foggyb
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April 18, 2013, 07:59:27 PM
 #23

Banks do not like a lot of ACH in / out. It does look like money laundering.


...and they don't want competition.

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cryptoanarchist
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April 19, 2013, 08:27:41 AM
 #24


No, not really. At least, not in the way you think they are. I think they're amused and paying attention, but they're in no way threatened by BTC.

You think wrong. They're not that stupid. Maybe you are, but they aren't.

I'm grumpy!!
radiumsoup
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April 19, 2013, 01:50:11 PM
 #25

No, not really. At least, not in the way you think they are. I think they're amused and paying attention, but they're in no way threatened by BTC.
You think wrong. They're not that stupid. Maybe you are, but they aren't.

Wow. That got unnecessarily confrontational really fast. Did you want to discuss the points I made, or are you just going to leave your ad hominem sitting there without picking it up?

Now, to address the topic: Still waiting for ACH transfer. Bitfloor now shows my USD withdrawl request as completed ($0 available, $0 on hold) but it hasn't shown up in my pending banking transactions.

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cryptoanarchist
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April 19, 2013, 02:51:59 PM
 #26


You think wrong. They're not that stupid. Maybe you are, but they aren't.

Wow. That got unnecessarily confrontational really fast. Did you want to discuss the points I made, or are you just going to leave your ad hominem sitting there without picking it up?


I'm going to leave it at ad hominem.

I'm grumpy!!
radiumsoup
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April 19, 2013, 04:20:56 PM
 #27


You think wrong. They're not that stupid. Maybe you are, but they aren't.

Wow. That got unnecessarily confrontational really fast. Did you want to discuss the points I made, or are you just going to leave your ad hominem sitting there without picking it up?


I'm going to leave it at ad hominem.

Got it. Unwilling/unable to defend your position. Good to know.

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cryptoanarchist
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April 19, 2013, 07:25:19 PM
 #28


You think wrong. They're not that stupid. Maybe you are, but they aren't.

Wow. That got unnecessarily confrontational really fast. Did you want to discuss the points I made, or are you just going to leave your ad hominem sitting there without picking it up?


I'm going to leave it at ad hominem.

Got it. Unwilling/unable to defend your position. Good to know.

Unwilling to state the obvious to someone who can't see the obvious. Would you waste time explaining to someone that didn't think there was an internet that indeed such a thing existed?

If you can't see that a bank might be concerned about an alt-currency with a billion dollar market cap, you're an idiot.

I'm grumpy!!
radiumsoup
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April 20, 2013, 01:43:36 AM
 #29

Whatever, man - you're the one who brought it up, and when I made a counterpoint with a logic-based view, instead of engaging in anything resembling rational debate, you just threw a fit, took your marbles, and went home.

Related to topic: Still no ACH from Bitfloor pending at my bank. (Usually I see a "pending" transaction for ACH deposits, even when they're not actually going to settle the same day.) My bank processes ACH on Saturdays, so we'll see tomorrow if it shows up.

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radiumsoup
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April 25, 2013, 10:53:33 PM
 #30

just an update on my return of funds: what had been a "processed" ACH withdrawal is now listed as "on hold". Given what they've publicly announced for a timeframe for delivery of their "check from the bank", I don't anticipate a refund until AT MINIMUM 5/1 (again... if ever)

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cryptoanarchist
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April 26, 2013, 05:05:46 AM
 #31

just an update on my return of funds: what had been a "processed" ACH withdrawal is now listed as "on hold". Given what they've publicly announced for a timeframe for delivery of their "check from the bank", I don't anticipate a refund until AT MINIMUM 5/1 (again... if ever)

Bitfloor has conducted business on a very professional level. You'll get your money.




I'm grumpy!!
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