the joint (OP)
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Merit: 1020
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July 11, 2011, 12:58:29 AM |
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Now, I don't claim to know a lot about economics, but I think that its a GREAT sign that the current volume at TradeHill is about equal to that of Mt. Gox. It almost seems like the market is creating its own checks and balances (albeit this is a narrow perspective given that the volume at Mt. Gox fluctuated between 100,000 and 10,000 within 2 days). Any thoughts about having near-equal volumes among several exchanges? What does this mean for volatility vs. stability?
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Bitcoin Swami
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July 11, 2011, 02:00:13 AM |
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From what I see Trade hills volume is no where near Mt gox. Maybe 1 tenth.
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the joint (OP)
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Merit: 1020
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July 11, 2011, 02:14:39 AM |
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From what I see Trade hills volume is no where near Mt gox. Maybe 1 tenth.
Just checked the ticker now. Tradehill at 52k, Mt. Gox at 46k. |
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nmat
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July 11, 2011, 02:27:23 AM |
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I don't see them close... Where did you get those numbers?
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the joint (OP)
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July 11, 2011, 02:29:01 AM |
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I don't see them close... Where did you get those numbers?
Trading API ticker for each. |
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stic.man
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July 11, 2011, 03:10:06 AM |
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Yeah uh it's 15:1 in favor of gox
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lacedwithkerosene
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July 11, 2011, 03:29:15 AM |
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uhhh .... 'the joint' must have just smoked ... the joint
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the joint (OP)
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Merit: 1020
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July 11, 2011, 05:22:48 AM |
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uhhh .... 'the joint' must have just smoked ... the joint
Ok, so explain to me where I made my error when it says 52,000+ for volume when I check Tradehill API ticker, and 46,000+ for volume when I check Mt. Gox API ticker. I sure hope you guys aren't the Bitcoin welcoming committee, "senior members." |
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error
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July 11, 2011, 05:24:39 AM |
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uhhh .... 'the joint' must have just smoked ... the joint
Ok, so explain to me where I made my error when it says 52,000+ for volume when I check Tradehill API ticker, and 46,000+ for volume when I check Mt. Gox API ticker. I sure hope you guys aren't the Bitcoin welcoming committee. Did you look at: https://api.tradehill.com/APIv1/USD/Ticker ? If so, the volume returned is USD. Which is quite confusing, I agree. |
3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
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stic.man
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July 11, 2011, 05:25:54 AM |
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Just see bitcoinwatch.com for volumes
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the joint (OP)
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July 11, 2011, 05:27:53 AM |
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uhhh .... 'the joint' must have just smoked ... the joint
Ok, so explain to me where I made my error when it says 52,000+ for volume when I check Tradehill API ticker, and 46,000+ for volume when I check Mt. Gox API ticker. I sure hope you guys aren't the Bitcoin welcoming committee. Did you look at: https://api.tradehill.com/APIv1/USD/Ticker ? If so, the volume returned is USD. Which is quite confusing, I agree. Thank you. That makes sense then. I was off by the ratio of BTC:USD. |
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lacedwithkerosene
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July 11, 2011, 06:20:16 AM
Last edit: July 11, 2011, 07:06:46 AM by lacedwithkerosene |
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Thank you. That makes sense then. I was off by the ratio of BTC:USD.
Hey, sorry, don't want you to get that impression. bitcoincharts.com is what I use for easy reference. Never seen TradeHill even get close to mtgox. I just felt let down when I thought you might have a point in the OP and then I checked stats and they were nothing out of the ordinary. It made it seem like you were a TradeHill shill or whatever. Again, my bad. |
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the joint (OP)
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July 11, 2011, 07:05:20 AM |
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Thank you. That makes sense then. I was off by the ratio of BTC:USD.
Hey, sorry, don't want you to get that impression. bitcoincharts.com is what I for easy reference. Never seen TradeHill get even close to mtgox. I just felt let down when I thought you might have a point in the OP and then I checked stats and they were nothing out of the ordinary. It made it seem like you were a TradeHill shill or whatever. Again, my bad. No worries. I'm disappointed too. I started doing this post-gox crash, and, naturally, I now prefer TradeHill. I had read on here how the volume at Gox is ten times greater, so when I started using the ticker and saw similar volumes, I thought something good was happening. My bad as well. |
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somebadger
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July 11, 2011, 07:11:13 AM |
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i'm sooo waiting for a 3rd major compeditor to come into the field, that will change things imho.
we need a new exchange thats pleasent on the eye with good security and speeds etc and i can see the public flocking to it. and if they had decent seo skils and publicity dept. i dont see what could hold em back.
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nmat
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July 11, 2011, 07:34:11 AM |
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i'm sooo waiting for a 3rd major compeditor to come into the field, that will change things imho.
we need a new exchange thats pleasent on the eye with good security and speeds etc and i can see the public flocking to it. and if they had decent seo skils and publicity dept. i dont see what could hold em back.
CampBX?  |
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