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Author Topic: I don't know when, but I have a fairly idea what could cause the bubble to burst  (Read 250 times)
European Central Bank
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December 18, 2017, 11:52:15 AM
Last edit: December 18, 2017, 12:18:14 PM by European Central Bank
 #21

There are a lot of exchanges now and one exchanges going down cant affect the price of bitcoin its only an exchange, if it were like a few years ago like mt gox it would tell a different story, if one exchange does down then go to other sites.

it absolutely can. each bitcoin currency pairing has a leader and if that goes down confidence takes a huge knock.

gox was catastrophic but by the time it was dead it had almost no market share. it lost its lead months before. it was the amount of historic money caught up in there that hurt.

it's definitely more spread out than in the past but everything's about confidence and that can disappear quickly.
Lieldoryn
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December 18, 2017, 12:09:40 PM
 #22

Bittrex is not going to burst the bubble.. You have a bad concept in there.

A single exchange is not able to make a whole crypto crash, you are wrong with that.

But if you mean the bubble "of the exchanges" then maybe you are right, bittrex is an awful exchange, they are always changing their polices and they are never replying to support tickets, they are crap.

Do you think that other exchanges behave differently? Lol. They do not want to communicate with their customers. This is a common problem for all exchanges and electronic wallets. I trade a few coins so I have enough for my needs such a small exchange as cex.io. There respond to the request immediately, but this is a template message. No help support does not give
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December 18, 2017, 02:42:23 PM
 #23

Something is badly wrong at bittrex - they've closed random accounts, people witj verified accounts have been suddenly switched to "new". Those trying to get verified find that verification doesn't work. They allow people tp deposit without warning that they won't be able to withdraw. They change their requirements stealthily - and then amend the old FAQs without showing the date of teh amendments (you can only tell they did it by looking at archive copies of the old FAQs).

Plus they hold a shed-load of tethers. Not good

 
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