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Author Topic: Problems with BitInstant [RESOLVED]  (Read 3385 times)
Maged
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July 23, 2012, 02:47:45 PM
 #41

Same problem - AGAIN.

I'd like to use these guys more but every time I give them a shot they just screw up my arbitrage.
The thing is, the reason this keeps happening every time you use BitInstant for arbitrage is because the arbitrage opportunities wouldn't have existed if BitInstant were fully operational. Thus, when you see such unlikely opportunities, only send as much as you can go without for a few hours, and never execute a trade on the side that already has funds until the other side has those funds.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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July 23, 2012, 02:57:12 PM
 #42

Same problem - AGAIN.

I'd like to use these guys more but every time I give them a shot they just screw up my arbitrage.
The thing is, the reason this keeps happening every time you use BitInstant for arbitrage is because the arbitrage opportunities wouldn't have existed if BitInstant were fully operational. Thus, when you see such unlikely opportunities, only send as much as you can go without for a few hours, and never execute a trade on the side that already has funds until the other side has those funds.

+1...I've only been moving sample amounts. I don't throw a whole bunch of money at anything right away, and I advise others to do the same. Bitinstant is still new so I understand they're going to have growing pains.
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July 23, 2012, 05:24:29 PM
 #43

Everything is back up and running.

OP- If you have a chance, please edit thread title.

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
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July 23, 2012, 05:29:41 PM
 #44

Everything is back up and running.

OP- If you have a chance, please edit thread title.

Sure..as soon as I get my funds.
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July 23, 2012, 07:31:17 PM
 #45

Everything is back up and running.

OP- If you have a chance, please edit thread title.

Sure..as soon as I get my funds.

I just PMed you asking for the QuoteID or other details so we can get this fixed for you, please reply and it'll be dealt with.
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July 23, 2012, 07:41:58 PM
 #46

Order executed and issue resolved

OP - can you edit your thread title and stick a [RESOLVED] tag in there?
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