re: Winklevoss Twins Plan First Fund For Bitcoins

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I don't understand why people like LSURussian need to lie so much. What is he afraid of?

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Now you've responded TWICE to me in this thread!

If you understood anything about currency exchange you would know the bid/ask shown on your screen shot is irrelevant for actual trading.

Just look at the last price at the top of the page, $70.794, which is OUTSIDE of the spread. I assume you have enough math skills to figure out how it's impossible for the last trade to be outside of a current valid bid/ask spread.

But then again, maybe you don't. Sucks to be you. Stick to your coding because you suck at finance.

ETA: And one other point... You make it sound like I can buy btc using dollars, send them to someone instantly and that counterparty can immediately turn around and sell the btc for dollars with no risk. You know you're lying.

On BTC-e, they specifically say it takes up to 24 hours for a transaction to be "reflected in your account." Then, they say in their FAQ section, "BTC-e executes all account withdrawals right away or in 1-2 days. Sometimes, it can take longer for the transactions to be carried out, but this is rare. Keep in mind, though, that depending on the type of transfer there can be a delay."

So 24 hours for the initial transaction to be reflected in the customer's account and up to 2 days more (or even longer "depending on the type of transfer") before the customer can withdraw his money.

It's convenient of you to not mention those delays. You probably don't even consider not telling the whole truth as being a lie.