Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Vycid
on 12/12/2013, 11:53:37 UTC
Quote from: TheKoziTwo on December 12, 2013, 11:51:53 AM
Quote from: gandhibt on December 12, 2013, 11:15:04 AM
Quote from: TheKoziTwo on December 12, 2013, 11:01:00 AM
Quote from: seleme on December 12, 2013, 10:33:48 AM
Quote from: gandhibt on December 12, 2013, 10:02:20 AM
Quote from: TheKoziTwo on December 12, 2013, 09:56:09 AM
Quote from: seleme on December 12, 2013, 09:39:12 AM
I seriously can't believe people are still trading on MtGox.
I use mtgox because I don't trust any other entity with much of my funds. We've seen many exchanges come and go (bitcoin24,bitcoin7,tradehill,bitparking etc) but mtgox has been here all the time.

Mtgox also has the highest price (and much volume/depth) and I am able to withdraw euro (or simply wait for price to equal any other exchange which happens occasionally). If I'm going to sell, it makes sense to sell for the highest price I can get.

In conclusion I like gox, and I feel that my funds are safe with them.

Goxxing doesn't bother me so much, yes it can be annoying, but trust is more important for me (but i don't trade a lot anyways). I think btc-e is great, low fees, many trading opportunities, but I don't trust them as much (or more precise I'm fearing that they will eventually be targeted by law enforcement).

How can you trust gox? How many times they have promised to do something and then just not done it? Only thing they have done is to be there, but that's only because people are willing to pay that outrageous fee and doesn't mind that they are ass raped in every major movement, Mark is doing a lot of money.

0.60% fee should be enough for everyone to fuck them off. It's scandalous fee.
I'd say 100% fee is much worse.  Wink (i wish mtgox would change their fee schedule to account for usd instead of btc though, but I have less than 0.5% fee at least)

You would have 0.2 on stamp and isn't stamp worth more trust?
I don't trust bitstamp more, I know they are located in the UK, but I don't know much about the owners. Did they apply for the appropriate licenses ? the reason gox is having withdraw delays (from what I understand) is that they are trying to get licensed, if bitstamp doesn't go that route it does come with a decent amount of legal risk. The price on bitstamp is very low compared to gox, but every now and then the price evens out, why sell at bitstamp when you can sell for $100 or even $200 more on gox? $100 extra makes the 0.6% fee looks like silly money.

Then there was a very critical security issue discovered in bitstamps trading engine , did that get fixed yet?

Another reason that doesn't really apply to their trustworthiness is that I can't use their 2 factor authentication atm, while with gox I have a yubikey. Not having 2 factor makes me feel more uneasy about keeping large sums on any exchange.



If I'm not mistaken, they are located in Slovenia, not the UK.

The owner is this dude, apparently: http://www.linkedin.com/pub/nejc-kodri%C4%8D/47/227/299