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Author Topic: Bitinstant -- influencing the market..  (Read 1109 times)
Hughra
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April 17, 2013, 01:54:12 AM
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Yesterday I deposited 200$ into bitinstant in exchange for an Mygox coupon and still haven't heard from bitinstant.. Today to I tested with another 20$ and no response even with a different transaction type. I wanted to hop on the market while it was low..  Today it has rose.

After thinking about it I have kinda came to the conclusion that bitinstant may possibly be creating a higher demand by limiting transactions and thus increasing the buy price.

I feel like I'm getting screwed by them.. I could amount to a loss before the possibility of a buy
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tclo
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April 17, 2013, 01:55:45 AM
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They seem to be inconsistent at best  I've had one of my deposits delayed for hours but all the rest of them went through fairly quickly.  So not sure but they do have a good bit of power because so many people use them.
empoweoqwj
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April 17, 2013, 03:04:25 AM
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Yesterday I deposited 200$ into bitinstant in exchange for an Mygox coupon and still haven't heard from bitinstant.. Today to I tested with another 20$ and no response even with a different transaction type. I wanted to hop on the market while it was low..  Today it has rose.

After thinking about it I have kinda came to the conclusion that bitinstant may possibly be creating a higher demand by limiting transactions and thus increasing the buy price.

I feel like I'm getting screwed by them.. I could amount to a loss before the possibility of a buy

Haven't mtgox stopped doing coupons since April 10th?
BTCisthefuture
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April 17, 2013, 03:24:29 AM
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I just wanted to add to this thread because I just used bitinstant yesterday.


I did dwolla to bitinstant to mtgox..... everything was in my mtgox account within about 45 minutes. Painless and smooth.  I only did $50 though so I'm not sure if the higher amounts other people are doing is causing them problems.


Also I thought mtgox stopped doing coupons ?

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