Bitcoin Forum

Economy => Trading Discussion => Topic started by: bottlecapper on February 14, 2018, 05:56:05 PM



Title: Just means for confiscation.
Post by: bottlecapper on February 14, 2018, 05:56:05 PM
Hello all. sometime back I was trading one particular currency and at some point the site confiscated a very substance amount of my long term invested units. How is one to know what the limits are to utilizing the market in terms of volume?


Title: Re: Just means for confiscation.
Post by: NITCoinOfficial on February 14, 2018, 07:23:23 PM
To receive an adequate answer, you need to provide more details. What particular site was this? What were their conditions, terms of use? Were the assets frozen or just disappeared? What were their reasons for doing this, what did the support state? Each service has a restriction which is stated in their legal section.


Title: Re: Just means for confiscation.
Post by: peter0425 on February 14, 2018, 10:09:12 PM
Hello all. sometime back I was trading one particular currency and at some point the site confiscated a very substance amount of my long term invested units. How is one to know what the limits are to utilizing the market in terms of volume?


I'm sorry but I don't understand you questions. What site are you referring to? Trading exchanges don't confiscate coins, it will be only confiscated if the government took control of the exchanges just like what happened to BTC-e. But still they have their obligations to give back the coins (money) of their user based.

And I never heard of any trading platforms that confiscated coins of their user based. We are the customers, they can't just do anything that will result of a negative response from their us.

I thin as what @NITCoinOfficial you need to give us more details to help you out with your problems.


Title: Re: Just means for confiscation.
Post by: Gaaara on February 14, 2018, 11:29:06 PM
I don't think an exchange site that confiscate does exist neither they have the right to do so, in each exchange site there should be a rules and regulations be wary and make sure that you always read it. You should give us more information about the exchange by doing so we can further answer your question, if you are using an exchange that is being controlled by the governments in your country then that must be the problem with you violating their law against trading or cryptocurrencies.


Title: Re: Just means for confiscation.
Post by: michkima on February 14, 2018, 11:55:07 PM
Hello all. sometime back I was trading one particular currency and at some point the site confiscated a very substance amount of my long term invested units. How is one to know what the limits are to utilizing the market in terms of volume?


It would be better to share more than that. Maybe you should like name the service you were investing in and what currency that was. Since it would vary greatly with every platform. Quite hard to guess what you are trying to ask here, but if there would be more info then probably we could help you out.


Title: Re: Just means for confiscation.
Post by: Tactical Genius on February 15, 2018, 12:36:12 AM
Your question is quite not clear but if I understand what you mean then it means you want to know if the volume of an exchange in a day or given time can be used to decide how to trade?