Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker
by
Richy_T
on 12/04/2013, 19:09:52 UTC

.... Uh, what? Lol, dude. The issue is not bulls blaming gox for whatever, it is silly people using a service that is incredibly inferior.
There are a dozen other exchanges where you could transfer your BTC to and sell it for USD and make the same profit. Some exchanges even have a higher USD/BTC rate than GoX much of the time. Yet, you choose the one that at any given moment could have 427 seconds of lag time or be completely unreachable due to "victim of our own success."

I'm not laughing at people trying to make money, I'm laughing at people picking the poorest-performing broker to do so. Lrn2freemarket.

So if fcmatt were picking a convalescent home to put his mum in, he would pick the one that costs more, has the electricity shut off randomly, and beats its patients, rather than the one that has excellent service, nice staff, no rolling blackouts, and no beatings? And he would state a completely unrelated, incorrect reason as to why other people don't put their mums in the abusive home with the outages?

Matt don't let your mum know you have such bad skillz at choosing institutions with which to do business based on their performance...

Most people are using Gox cause it is the only one that appears to have it together for getting dollars into it. Then on top of that, there's network effects. The other exchanges offer poor prices on BTC because there's not much fiat in them. I don't know why another solid exchange (for as solid as MtGox is) hasn't popped up to steal Gox's lunch though.