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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1649604 times)
Troll Toll
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April 08, 2013, 06:55:53 PM
 #19381

the btc-e price is so much lower than gox. why don't people arbitrage?

You gotta pay
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April 08, 2013, 06:57:04 PM
 #19382

the btc-e price is so much lower than gox. why don't people arbitrage?

Not enough cash. You need to be able to buffer the volatility since you can't tranfer gox codes to btc-e even with bitinstant.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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April 08, 2013, 06:59:06 PM
 #19383

that makes sense.

You gotta pay
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April 08, 2013, 06:59:34 PM
 #19384

the btc-e price is so much lower than gox. why don't people arbitrage?

it is almost impossible to get cash in and out reliably. They are also scammers imo. I wont trust my currency to some russian guy.  Thats all the info you get on him too.
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April 08, 2013, 07:06:11 PM
 #19385

the btc-e price is so much lower than gox. why don't people arbitrage?

it is almost impossible to get cash in and out reliably. They are also scammers imo. I wont trust my currency to some russian guy.  Thats all the info you get on him too.

I know they are shady as fuck, but I can't see any difference to other exchanges either.  When it comes to incompetence gox is on par, they are just bigger.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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April 08, 2013, 07:09:20 PM
 #19386

I wonder how many of these bears are selling what they bought at 185$+ today.
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April 08, 2013, 07:09:52 PM
 #19387

Virtex is at $200, Bitstamp hit $198 earlier. Starting to be annoyed at Gox being so far behind all the time because of the manipulation...

Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
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April 08, 2013, 07:13:13 PM
 #19388

Virtex is at $200, Bitstamp hit $198 earlier. Starting to be annoyed at Gox being so far behind all the time because of the manipulation...

It's a good thing. Hopefully more people will get annoyed, like you, and move to other exchanges. It will be a lot harder to manipulate things when the exchange is distributed.
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April 08, 2013, 07:15:17 PM
 #19389

Virtex is at $200, Bitstamp hit $198 earlier. Starting to be annoyed at Gox being so far behind all the time because of the manipulation...

I like it.
Mixes it up a bit.
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April 08, 2013, 07:16:55 PM
 #19390

Virtex is at $200, Bitstamp hit $198 earlier. Starting to be annoyed at Gox being so far behind all the time because of the manipulation...

It's a good thing. Hopefully more people will get annoyed, like you, and move to other exchanges. It will be a lot harder to manipulate things when the exchange is distributed.

Unfortunately one exchange will always have to be "The Bitcoin Price", and the manipulators will always go there. Although I guess Gox's lag problem is making it an even easier target...

Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
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April 08, 2013, 07:19:43 PM
 #19391

Virtex is at $200, Bitstamp hit $198 earlier. Starting to be annoyed at Gox being so far behind all the time because of the manipulation...

It's a good thing. Hopefully more people will get annoyed, like you, and move to other exchanges. It will be a lot harder to manipulate things when the exchange is distributed.

Unfortunately one exchange will always have to be "The Bitcoin Price", and the manipulators will always go there. Although I guess Gox's lag problem is making it an even easier target...

Thats not true, I think people will go where they appreciate the service, the fees are right, the interface is good to use, and most importantly- Fiat is easy to get in and out.

more or less retired.
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April 08, 2013, 07:22:05 PM
 #19392

Virtex is at $200, Bitstamp hit $198 earlier. Starting to be annoyed at Gox being so far behind all the time because of the manipulation...

It's a good thing. Hopefully more people will get annoyed, like you, and move to other exchanges. It will be a lot harder to manipulate things when the exchange is distributed.

Unfortunately one exchange will always have to be "The Bitcoin Price", and the manipulators will always go there. Although I guess Gox's lag problem is making it an even easier target...

Thats not true, I think people will go where they appreciate the service, the fees are right, the interface is good to use, and most importantly- Fiat is easy to get in and out.

Exactly what is important is the balanced volume. Once mtgox goes under 50% they wouldn't be the dominant measure anymore.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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April 08, 2013, 07:24:12 PM
 #19393

I think it's about time we stopped calling it the "dead cat bounce"


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April 08, 2013, 07:26:37 PM
 #19394

I know they are shady as fuck, but I can't see any difference to other exchanges either.  When it comes to incompetence gox is on par, they are just bigger.

I don't think GOX are incompetent, just overloaded like crazy.

How would you handle it if you got 15k more customers overnight? You don't have time to upgrade, you don't have time to train staff.
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April 08, 2013, 07:27:19 PM
 #19395

I know they are shady as fuck, but I can't see any difference to other exchanges either.  When it comes to incompetence gox is on par, they are just bigger.

I don't think GOX are incompetent, just overloaded like crazy.

How would you handle it if you got 15k more customers overnight? You don't have time to upgrade, you don't have time to train staff.


they HAVE had time, that is my complaint.
humanitee
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April 08, 2013, 07:28:33 PM
 #19396

I know they are shady as fuck, but I can't see any difference to other exchanges either.  When it comes to incompetence gox is on par, they are just bigger.

I don't think GOX are incompetent, just overloaded like crazy.

How would you handle it if you got 15k more customers overnight? You don't have time to upgrade, you don't have time to train staff.


I would start with fixing my trading engine.
They are totally incompetent.

Gox makes me want to open an actual exchange, too bad I'm not pro at web programming. Could write that fucker in C++, just need some pro security expert to make sure everything is battened down.
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April 08, 2013, 07:29:00 PM
 #19397

I know they are shady as fuck, but I can't see any difference to other exchanges either.  When it comes to incompetence gox is on par, they are just bigger.

I don't think GOX are incompetent, just overloaded like crazy.

How would you handle it if you got 15k more customers overnight? You don't have time to upgrade, you don't have time to train staff.


Haven't had time?  It's been this way for months and months
ElectricMucus
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April 08, 2013, 07:29:05 PM
 #19398

I know they are shady as fuck, but I can't see any difference to other exchanges either.  When it comes to incompetence gox is on par, they are just bigger.

I don't think GOX are incompetent, just overloaded like crazy.

How would you handle it if you got 15k more customers overnight? You don't have time to upgrade, you don't have time to train staff.


Hire somebody? They are making how much a day? 5 figures?
e: validating can be done with like a week of training.

Then the trading engine is another issue. Even if there are a bunch of 0.01BTC that shouldn't impact a modern server. The only explanation is shitty programming.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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April 08, 2013, 07:32:05 PM
 #19399

I know they are shady as fuck, but I can't see any difference to other exchanges either.  When it comes to incompetence gox is on par, they are just bigger.

I don't think GOX are incompetent, just overloaded like crazy.

How would you handle it if you got 15k more customers overnight? You don't have time to upgrade, you don't have time to train staff.


they HAVE had time, that is my complaint.

They had time to setup for the 10k extra customers they expected but 25k turned up. This thing exploded faster than GOX could have predicted.

I'm no GOX fan. I'd like to see a legitimate(!) bank or forex trading site start a BitCoin exchange. At least you know those people have some experience with financial systems.
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April 08, 2013, 07:32:22 PM
 #19400

http://polimedia.us/trilema/2013/grave-concerns-re-mtgox/?utm_source=twitterfeed&utm_medium=twitter

BTC: 1K9atu5zgz7izCMAynk5adBJ8Qn2YgS6nT
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