Not that I'm complaining but this is madness. Apart from the exchanges does anyone even accept Litecoin as payment?
Saw trades at $50 AUD this morning on BTCmarkets - folks are paying a premium to buy in AUD on there. Last sale over $46 AUD.
Yep, and a $350,000 buy order $1 below. Probably same guy with a vice on the price hoping the floor keeps support under the price while people chip away at the huge sell order.
yeh cos if you think you're gonna get bitcoins outa there and swap them for litecoins - think again!! by the time btcmarkets honours your bitcoin withdrawal - litecoins would have doubled or tripled in price!!! :lol: Last time i'll use those chumps.
i figured they may be good for arbitrage gains due to their ridiculously high prices on LTC, but any possibility of profiting from that is completely cancelled by their pathetic manual coin withdrawal "procedure" or rather lack thereof!
Getbitcoin.com.au increased their BTC purchase fee (on 4hr rate) from 4.6%.... to now 8.8%!! They want to make some money from the craze....
yeh i've found that the Australian exchanges generally are an absolute ripoff!! with the exception of one of two good ones ...
You're far too impatient capt.sparrow. I'm currently moving a parcel on BTCmarkets that I swapped yesterday. I honestly don't mind if there's a 24 hour lag if I'm making 30% or more on a decent sum. Not instant, but geez, compare that to mainstream returns and time frames. Seriously, if it was any easier there would just be a "Pay me money" button on the internet instead.
