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Author Topic: BitFloor.com Rocks!  (Read 16140 times)
jwzguy
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July 31, 2012, 12:49:59 AM
 #161

Out of curiosity, why not?

Lets think this logically (not I wish x would happen because it helps me personally).

Why would someone use a MtGox code?  Why not just cash out from MtGox?

The only possible reason to use a MtGox code is because there is a long delay @ MtGox.  IF someone could cash out from MtGox and wait 21 days or cash out from Bitfloor and wait 8 hours which would they pick?  So you would see a huge influx of semi-worthless Gox codes.  Now when those users cahs out where does the cash come from?  It is still on MtGox so the operator has to cash out from MtGox wait 21 days for it to get to his bank account and then pay users.     Quickly the cashouts will exceed cash on hand and delay for cashing out will go from 0 days to 21 days. 

Exactly. Part of the reason I'm using Bitfloor to shield myself from problems with MtGox. I don't want Bitfloor to shoulder part of the liability of MtGox's solvency.

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shtylman
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July 31, 2012, 07:52:59 AM
 #162

Would also love to see the ability to redeem MtGox codes but I doubt that will happen.

This will not be happening for the reasons described above. We must be able to control all of our cashflow to ensure timely withdrawals.
genuise
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July 31, 2012, 11:18:58 AM
 #163

Hi, can you give some details about limits for international wire transfer withdrawal?

how it is done, what is the sequence of actions?


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July 31, 2012, 11:24:10 AM
 #164

the second you can do SEPA next-day i will be there.
Fray
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August 02, 2012, 10:53:45 PM
 #165

I like this site also, but volume sure is low.
ErebusBat
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August 03, 2012, 06:57:35 PM
 #166

So this works SO WELL it isn't even funny.

I made my deposit with almost no incident* (see below) by the time I got back to my office (not even 10 mins, it is close) my BF account was already credited!

THANK YOU SOO MUCH BITFLOOR!!!!

*FYI:  The teller processed my deposit slip and told me that she would need a 'new client deposit approval' which was apparently just a trip back to her manager which gave her verbal approval.  I deposited less than $100 so I thought that was strange anyway.
Thought I would cross post this for those who were not aware ^^^

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epetroel
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August 03, 2012, 09:34:20 PM
 #167

Out of curiosity, why not?

Lets think this logically (not I wish x would happen because it helps me personally).

Why would someone use a MtGox code?  Why not just cash out from MtGox?

Someone will deposit a MtGox code because there is a long delay @ MtGox.  

If someone could cash out from MtGox with a 21 day delay or cash out from Bitfloor with a 0 day delay which would they pick?  

So you would see a huge influx of semi-worthless Gox codes.  Now when those users deposit a Gox code and attempt to cash out on Bitfloor where does the cash come from?  It is still on MtGox so the operator has to cash out from MtGox wait 21 days for it to get to his bank account and then pay users.     Quickly the cashouts will exceed cash on hand and delay for cashing out will go from 0 days to 21 days.   MtGox can then push shtylman's cashout requests to the back burners (oops this request took 28 days, that one too 32 days).   That would disrupt his cashflow probably fatally.  When Bitfloor no longer has fast cashouts it will die.  

Makes perfect sense.  I was thinking about it just from my perspective where I would most likely be adding $$ with Gox codes and either withdrawing back again as Gox codes or withdrawing coins.

I'm doing arbitrage, so my money never really leaves the exchanges, just moves from one exchange to another.
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August 03, 2012, 09:37:51 PM
 #168

i love BITFLOOR! i made my first transaction there today!! sold 10 btc and requested an ACH transfer.... it couldnt be seamlessly easier!! THANKS BITFLOOR!!!

if you nothing else to do with your btc, send them to me!! 1VersaHgF4kQMzgJpMe8wDMppqAqLYdBL
peasant
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August 07, 2012, 06:06:26 PM
 #169

So far so good. It's nice to walk into chase, deposit cash, and have my money in the account before i even get home. Used most of the features except withdrawl, and they work great. Hope more people start using this site. It could use the volume.
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August 07, 2012, 06:09:53 PM
 #170

I can say that the Wells Fargo deposit works great for me. Haven't done withdrawal, but that's mostly cause I'm pretty long on BTC and prefer to avoid giving out my ID if possible. I'll give it when I feel like selling some, but that might be awhile.

-bgc

I'm selling great Minion Games like The Manhattan Project, Kingdom of Solomon and Venture Forth at 4% off retail starting June 2012. PM me or go to my thread in the Marketplace if you're interested.

For Settlers/Dominion/Carcassone etc., I do email gift cards on Amazon for a 5% fee. PM if you're interested.
ErebusBat
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August 07, 2012, 07:01:57 PM
 #171

I can say that the Wells Fargo deposit works great for me. Haven't done withdrawal, but that's mostly cause I'm pretty long on BTC and prefer to avoid giving out my ID if possible. I'll give it when I feel like selling some, but that might be awhile.

-bgc

Same here... I have done a couple of deposits @ WF now and I am loving BF.

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SkRRJyTC
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August 07, 2012, 09:39:07 PM
 #172

Speaking of ID... Can someone from Bitfloor say something about what information they need the ID for, what they do with that information, and how they store that information?  Thanks
shtylman
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August 07, 2012, 10:26:01 PM
 #173

Speaking of ID... Can someone from Bitfloor say something about what information they need the ID for, what they do with that information, and how they store that information?  Thanks

In the event of an ACH dispute or other transaction issue with the receiving bank, we need to know who owns the account where the funds are going. It is important that the ID and name on file match what your bank expects.

We do not store your ID on our servers. It is kept in offline storage as a record if needed. We certainly don't give this information out to any third party and only use it to make sure your transactions go smoothly. The entire point of us handling the ACH process ourselves is to make it quick and also avoid exposing your data to third parties.
bb113
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August 08, 2012, 07:34:04 AM
 #174

Would it be possible to provide full order book via api? Currently it looks like this:
http://btccharts.com/#m=bitfloor-BTC-USD
BoardGameCoin
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August 08, 2012, 04:33:07 PM
 #175

Would it be possible to provide full order book via api? Currently it looks like this:
http://btccharts.com/#m=bitfloor-BTC-USD

My understanding is that there are two APIs already, one with the full order book and one with the narrow order book. I think btccharts.com is just using the wrong one.

-bgc

I'm selling great Minion Games like The Manhattan Project, Kingdom of Solomon and Venture Forth at 4% off retail starting June 2012. PM me or go to my thread in the Marketplace if you're interested.

For Settlers/Dominion/Carcassone etc., I do email gift cards on Amazon for a 5% fee. PM if you're interested.
peasant
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August 08, 2012, 06:40:12 PM
 #176

It would be nice if the orderbook on the website had a bit more depth. 20-30 spaces instead of 10 would be great.
jwzguy
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August 08, 2012, 10:25:11 PM
 #177

I use Clark Moody's display of their orderbook: http://bitcoin.clarkmoody.com/bitfloor/

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shtylman
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August 09, 2012, 07:16:34 AM
 #178

Would it be possible to provide full order book via api? Currently it looks like this:
http://btccharts.com/#m=bitfloor-BTC-USD

I will look at expanding the number of returned levels (currently 50 on each side). It is doubtful that the full book will ever be provided since information about trades at prices of 1$ or 2000$ and such is not relevant to current market conditions. The goal of the REST API book is to provide information about the current relevant conditions.

If you want the entire stream as the data comes in, you can use the websocket API which has no restrictions but is more complex to use.
Bigpiggy01
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August 09, 2012, 07:57:41 AM
 #179

Would it be possible to provide full order book via api? Currently it looks like this:
http://btccharts.com/#m=bitfloor-BTC-USD

I will look at expanding the number of returned levels (currently 50 on each side). It is doubtful that the full book will ever be provided since information about trades at prices of 1$ or 2000$ and such is not relevant to current market conditions. The goal of the REST API book is to provide information about the current relevant conditions.

If you want the entire stream as the data comes in, you can use the websocket API which has no restrictions but is more complex to use.

Umm how exactly is this not relevant as it provides information on the overall liquidity of the exchange.

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August 09, 2012, 11:57:12 AM
 #180

Would it be possible to provide full order book via api? Currently it looks like this:
http://btccharts.com/#m=bitfloor-BTC-USD

I will look at expanding the number of returned levels (currently 50 on each side). It is doubtful that the full book will ever be provided since information about trades at prices of 1$ or 2000$ and such is not relevant to current market conditions. The goal of the REST API book is to provide information about the current relevant conditions.

If you want the entire stream as the data comes in, you can use the websocket API which has no restrictions but is more complex to use.

Hey, I also can agree that this info is relevant for calculateing composite orderbook volume  and for comparison with other axchanges orderbooks volumes.

We use it on our bitcoin-analytics.com service to calculate different bid/ask prices depending on BTC volume 10,100,1000, 10000, 100000.

I am surprized that your api do not provide full orderbook, especially that this was not explicitly stated anywhere Sad

Is it possible to provide full orderbook mode?

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