Quote from: hazek on January 30, 2012, 02:09:53 PM

Quote from: EhVedadoOAnonimato on January 30, 2012, 01:15:49 PM

The profits and earnings of an individual are his private information, and wise individuals would not disclose such information carelessly.

I agree 100%. However a business isn't an individual. How am I suppose to make an informed decision where to trade my fiat for Bitcoins if all I can see about them is irrelevant when it comes to credibility of being an honest exchange business? How can I not fear it's a scam and they'll run with the money because they aren't making enough profit to dig themselves out of the investment hole? How am I suppose to have confidence their volume is going improve if I can't see that their clientele is actually growing or that they have an ever larger deposit volume..

Yes I'm all for personal privacy of any sorts. Business however isn't personal, in fact it's very public. And the best businesses don't hide much at all. They don't have to.

Right now all my Bitcoins are on mtgox, even though I'm happy they finally show their entire order book, not just a 7.something% up and down from spot like they did for a while, I still have no idea how many active accounts there are, how many dark orders there are, I'm certain they are making a profit by now, so I know they'll keep running but I have no idea if they actually have the funds they are suppose to have, I don't know if their user base is growing or shrinking, if they are receiving more deposits or see more withdrawals, I'm very much in the dark about most things about mtgox.

But because I see the liquidity and I know they are in the black by now by a huge margin and probably aren't likely to kill the goose that lays the golden eggs I settled to keep my money there. That's right, merely settled. But I'm just yearning for an exchange that would show everything they possibly could to move my money there because I feel the more information I have the better decisions I can make when I trade and I strongly believe the more stable the price would get. That's right. All this volatility and bubbles are the results of people trading almost blind. If mtgox gave us full transparency there would be significantly less of that.

So right now you can't convince me to switch away from mtgox, unless you can be more transparent, their liquidity simply outweighs anything you could possibly offer, except that.

Hi,
We understand your concerns hazek, however in regards to Crypto X Change everything raised here is not an issue with Crypto X Change.
It does not revolve and was not built with borrowed money, we are liquid and are not going anywhere. You can see on our website for our Company Registration link, and do a company look up.

As mentioned we have taken note and will have a meeting about everything mentioned, and as soon as physically possible implement suggestions we agree with and that are required. Our customer base is growing rapidly, we seem to be obtaining many people that are NEW to Bitcoin, due to the fact we have online support. We are expanding support staff as per demand and putting more staff on as required.

Our volume is starting to grow, and we knew well before we started that it would take a lot of time and trust to build an exchange. We haven't just opened this over night this has been underway for nearly 10 Months now.

Our ability for customers to deposit from 25 different currencies around the world into our AUD or USD market for a flat fee of $5.00 without any wire fees or additional banking costs are our biggest advantage for clients all around the world, and our ability to also deposit to any currency or country for $5.00 as well

Thank You

Crypto X Change