Bitcoin Forum
December 11, 2016, 04:18:39 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3] 4 5 6 »  All
  Print  
Author Topic: New Bitcoin Exchange (mtgox.com)  (Read 25052 times)
Anonymous
Guest

July 19, 2010, 06:34:45 AM
 #41

Added $10, was credited with $9.41.  I assume this is a 5.9% PayPal fee?

Paypal really needs to be brought down a peg or two.
1481429919
Hero Member
*
Offline Offline

Posts: 1481429919

View Profile Personal Message (Offline)

Ignore
1481429919
Reply with quote  #2

1481429919
Report to moderator
1481429919
Hero Member
*
Offline Offline

Posts: 1481429919

View Profile Personal Message (Offline)

Ignore
1481429919
Reply with quote  #2

1481429919
Report to moderator
1481429919
Hero Member
*
Offline Offline

Posts: 1481429919

View Profile Personal Message (Offline)

Ignore
1481429919
Reply with quote  #2

1481429919
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481429919
Hero Member
*
Offline Offline

Posts: 1481429919

View Profile Personal Message (Offline)

Ignore
1481429919
Reply with quote  #2

1481429919
Report to moderator
1481429919
Hero Member
*
Offline Offline

Posts: 1481429919

View Profile Personal Message (Offline)

Ignore
1481429919
Reply with quote  #2

1481429919
Report to moderator
mtgox
Full Member
***
Offline Offline

Activity: 185


View Profile WWW
July 19, 2010, 11:44:06 AM
 #42

Quote
Paypal really needs to be brought down a peg or two.
Big time. I'm really hoping bitcoin makes a huge dent in them. It annoys me so much that they get 5.9% for running one UPDATE statement in their database.

Anonymous
Guest

July 19, 2010, 12:24:06 PM
 #43

Quote
Paypal really needs to be brought down a peg or two.
Big time. I'm really hoping bitcoin makes a huge dent in them. It annoys me so much that they get 5.9% for running one UPDATE statement in their database.

The thing that annoys me is that google checkout does exactly the same thing.Bitcoin end to end transactions are a nice dream.
BitCoinPurse
Jr. Member
*
Offline Offline

Activity: 34



View Profile
July 19, 2010, 01:23:20 PM
 #44

MTGOX needs a disclaimer for the PayPal fees.

Also the buy and sell prices are coming together now:  HIGH/LOW Buy @0.0969 Sell @0.09216.

I'd expect the H/L values to even out at the acceptable market rate, and I'm shocked the BTCs are about a dime each!

My Coin Purse is sagging!  13WXS46x634zook2MHSJbc7gwdrXK1JLq4
SmokeTooMuch
Legendary
*
Offline Offline

Activity: 873


View Profile
July 19, 2010, 07:00:43 PM
 #45

that's not really what I'm afraid of, but thats an issue too.

hmm, but still, in theory, it would be possible for someone with physical access to your RAM to read my password, wouldn't it ?

If an attacker had that much access, he could modify the login page to remove the password-hashing JavaScript.
But than you make a change in the system. That can be suspicious.
If you're just reading it from the RAM and using it, nobody will know.

Date Registered: 2009-12-10 | I'm using GPG, pm me for my public key. | Bitcoin on Reddit: https://www.reddit.com/r/btc
You like what I'm doing? Why don't you send me a coin: 17Pj8jpUgY6qTaKgiopL5U48zxU4rTrkuB
NewLibertyStandard
Sr. Member
****
Offline Offline

Activity: 252



View Profile WWW
July 19, 2010, 10:38:42 PM
 #46

You should really get rid of the spread and focus on advertisements. The spread unnecessarily complicates the your whole market and makes you less trustworthy than that other market. I'm staying over there for the time being. I actually kinda like the market opening and closing. It gives the market time to cool off and/or build up pressure.

Treazant: A Fullever Rewarding Bitcoin - Backup Your Wallet TODAY to Double Your Money! - Dual Currency Donation Address: 1Dnvwj3hAGSwFPMnkJZvi3KnaqksRPa74p
mtgox
Full Member
***
Offline Offline

Activity: 185


View Profile WWW
July 20, 2010, 12:34:45 PM
 #47

NewLibertyStandard: It seems like you should use both. right now the best place to buy is on his exchange and the best place to sell is on mine. Last price on there was .061 and last price on mtgox was .081 so you would be getting 32% more for your BTC on mtgox. Which dwarfs the 2% spread.
There are some real arbitrage opportunities right now!

I'm hoping that we can somehow link the 2 exchanges.

Anonymous
Guest

July 20, 2010, 12:58:19 PM
 #48

NewLibertyStandard: It seems like you should use both. right now the best place to buy is on his exchange and the best place to sell is on mine. Last price on there was .061 and last price on mtgox was .081 so you would be getting 32% more for your BTC on mtgox. Which dwarfs the 2% spread.
There are some real arbitrage opportunities right now!

I'm hoping that we can somehow link the 2 exchanges.

I was looking at that today as well.I might take advantage of it shortly . Smiley
Stone Man
Newbie
*
Offline Offline

Activity: 28


View Profile
July 20, 2010, 04:07:59 PM
 #49

When I buy or sell coins I get the message:
"Your entire order can't be filled at that price. What remains is stored in your open orders."
Then when I look at my order, none of it has been filled.

If there are really no offers on the market I would like to see that.
Also it would be nice to see how much volume is available to buy or sell at a given price before buying or selling.

Thanks for putting up another exchange, I like bitcoinmarket but competition is always healthy.
I think there are several advantages to your site even with the transaction fee that give the traders more opportunities.

One thing I really like is that you have an account in dollars so I don't have to make a lot of paypal trades. Paypal gets kind of suspicious of this.
Another plus is the default prices taken directly from the market. This reduces errors in order submission.
mtgox
Full Member
***
Offline Offline

Activity: 185


View Profile WWW
July 20, 2010, 04:33:22 PM
 #50

Quote
When I buy or sell coins I get the message:
"Your entire order can't be filled at that price. What remains is stored in your open orders."
Then when I look at my order, none of it has been filled.

This is when you place an order at the default price? That default price is only set if there is a counter offer at that price. So It should be filled. maybe there is a floating point rounding issue. Try placing it slightly above or below.

mtgox
Full Member
***
Offline Offline

Activity: 185


View Profile WWW
July 20, 2010, 09:24:24 PM
 #51

Made some improvements:

Optional Email notifications for trades.
Sorting your open Orders and past trades.
Rough Depth of Market data although it still has some issues.

mtgox
Full Member
***
Offline Offline

Activity: 185


View Profile WWW
July 23, 2010, 12:45:58 PM
 #52

Withdrawing BTC is automated now.
Depth of market chart is a bit more useful.
Added Payment processing for web merchants: http://mtgox.com/merch/about

jgarzik
Legendary
*
Offline Offline

Activity: 1470


View Profile
July 23, 2010, 04:59:10 PM
 #53

Payment processing and automated withdrawal is working, here.  Well done.

Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
mtgox
Full Member
***
Offline Offline

Activity: 185


View Profile WWW
July 26, 2010, 10:26:15 AM
 #54

Ok we dropped our commission. So the site is complete free now except for paypal fees.

kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
July 26, 2010, 12:51:32 PM
 #55

Ok we dropped our commission. So the site is complete free now except for paypal fees.

I am not quite sure why you did that. I am totally satisfied with paying the 2% commission because it help me support the bitcoin economy and thus grow the amount of services and goods available. Plus, I don't have to think about donating.

jgarzik
Legendary
*
Offline Offline

Activity: 1470


View Profile
July 26, 2010, 06:02:19 PM
 #56

Ok we dropped our commission. So the site is complete free now except for paypal fees.

I am not quite sure why you did that. I am totally satisfied with paying the 2% commission because it help me support the bitcoin economy and thus grow the amount of services and goods available. Plus, I don't have to think about donating.

+1

I was happy with the model as well...

Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
July 26, 2010, 08:18:11 PM
 #57

The fee makes the market less liquid, and by a lot more than 2%. People offering trades going both ways trying to make a profit drives this together which means a better price for people who come to buy or sell. The fee, in addition to making a 2% spread the absolute minimum disincentive this behavior. The spread was at 15-20%, it's going to get a lot closer now.

There is another market, so if yo have a high spread and they don't you will always have the worst bid and asks.

An exchange site wants the spread down because that attracts customers. Once there is a thriving market is a better time to monetize with small fees or ads.

I donated. I think the site is coming along nicely.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
joechip
Jr. Member
*
Offline Offline

Activity: 51


View Profile
July 30, 2010, 02:17:47 PM
 #58

The fee makes the market less liquid, and by a lot more than 2%. People offering trades going both ways trying to make a profit drives this together which means a better price for people who come to buy or sell. The fee, in addition to making a 2% spread the absolute minimum disincentive this behavior. The spread was at 15-20%, it's going to get a lot closer now.

There is another market, so if yo have a high spread and they don't you will always have the worst bid and asks.

An exchange site wants the spread down because that attracts customers. Once there is a thriving market is a better time to monetize with small fees or ads.

I donated. I think the site is coming along nicely.

Ads are perfectly acceptable to me.  A smaller than 2% spread fee is acceptable as well.  I agree the site is coming along nicely.  Just put a bid up on the exchange yesterday. 

Ta,
eugene2k
Jr. Member
*
Offline Offline

Activity: 37


View Profile
July 31, 2010, 06:39:17 PM
 #59

mt.gox, you need to fix your charts. The dots for the same exchange rates are not on the same line.
FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
July 31, 2010, 07:21:18 PM
 #60

mt.gox, you need to fix your charts. The dots for the same exchange rates are not on the same line.

The chart does need improved. But what is actually happening is that the numbers are being rounded to different precisions for the dot placement and the cursor over display. If you bid .064 and .0641 they will show up in the same place and the same price displayed in cursor over box. If you bid .064 and .0643 they will now be in slightly different places, but the box will still show .064.

It wouldn't really matter at all if you could get an exact list of offers. The chart gives a pretty good impression, the list would give you actual exact offers.

You can always get the full precision of the lowest ask and highest bid in the trade tab.


Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Pages: « 1 2 [3] 4 5 6 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!