Ubitex: In-person Bitcoin exchange [EARLY BETA!] [STOCK AVAILABLE]
Nefario:
Quote from: kiba on May 04, 2011, 07:27:59 PM
Quote from: Nefario on May 04, 2011, 07:01:41 PM
I'm not sure anyone is selling their shares, but you can put up a buy order on the system, if the price is good enough I think someone will sell.
Is it anything like how mtgox works?
It's just like mtgox, but for you to be able to buy something someone has to be selling.
Right now, anyone who has UBX shares isn't selling them (last time I checked), however if the price is right pretty much anyone would sell. What I mean for that is that if you want someone to sell UBX shares, you need to offer a high enough price.
dishwara:
Quote from: kiba on May 04, 2011, 07:27:59 PM
Quote from: Nefario on May 04, 2011, 07:01:41 PM
I'm not sure anyone is selling their shares, but you can put up a buy order on the system, if the price is good enough I think someone will sell.
Is it anything like how mtgox works?
Ubitex is same as mtgox, buying , selling bitcoins. But Ubitex still not operational, building site.
If u want to buy shares of Ubitex, thats already sold out.
He raised money by shares to built ubitex exchange through GLBSE.com
kiba:
Quote from: dishwara on May 05, 2011, 03:47:43 AM
Ubitex is same as mtgox, buying , selling bitcoins. But Ubitex still not operational, building site.
If u want to buy shares of Ubitex, thats already sold out.
He raised money by shares to built ubitex exchange through GLBSE.com
I meant GLBSE.
dishwara:
Quote from: kiba on May 05, 2011, 03:59:29 AM
Quote from: dishwara on May 05, 2011, 03:47:43 AM
Ubitex is same as mtgox, buying , selling bitcoins. But Ubitex still not operational, building site.
If u want to buy shares of Ubitex, thats already sold out.
He raised money by shares to built ubitex exchange through GLBSE.com
I meant GLBSE.
GLBSE is different than mtgox & ubitex.
GLBSE is share trading with bitcoins, while ubitex exchanges bitcoin with other currency.
you can buy ubitex itself in glbse, but not vice versa.
I understand this way only. Some one correct me if wrong.
Nefario:
Quote from: dishwara on May 05, 2011, 04:08:03 AM
Quote from: kiba on May 05, 2011, 03:59:29 AM
Quote from: dishwara on May 05, 2011, 03:47:43 AM
Ubitex is same as mtgox, buying , selling bitcoins. But Ubitex still not operational, building site.
If u want to buy shares of Ubitex, thats already sold out.
He raised money by shares to built ubitex exchange through GLBSE.com
I meant GLBSE.
GLBSE is different than mtgox & ubitex.
GLBSE is share trading with bitcoins, while ubitex exchanges bitcoin with other currency.
you can buy ubitex itself in glbse, but not vice versa.
I understand this way only. Some one correct me if wrong.
There is not a big difference between selling bitcoins for other currency and selling bitcoins for other goods, services or even shares. So in this way it's really much the same as mtgox.
The only difference is with mtgox, you are limited to exchanging bitcoin for currency(specifically USD) and nothing else. On GLBSE you can trade bitcoin for whatever is listed.
An exchange/or market is a market, they all work pretty much the same, the only difference being whats traded there.
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