Nobody Can Have Benefit From a Big Pump

[severaldetails]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

If exchange itself is not trading, they basically don't care

More specifically, they care for fees, and trading fees obviously come from trades, so when there are abrupt price movements the trading volume spikes too. And it doesn't matter whether the price flash crashes or flash surges. So, they are in fact interested in volatility and price being "alive", therefore prices pumping to 3,000 dollars per coin would provide exactly that, i.e. insane levels of volatility

This is actually right. Exchamgr are having profit from transaction fee and they are not the one who buy and sell the coin you are trading. The devs of the coin is the one who is giving funds for the exchange to cover some buy/sell order and the majority of the order on exchange came from different traders too. So having a flash punp is not an issue for exchangr

I think the exchange would have a problem if everybody would want to cah out against a fiat in a short time.
The altcoins are stored at the accounts of the exchanges, I am relatively sure about that.
But the fiat, I do not think that they would have enough of it if everybody would want to cah out. Especially not after a big jump in price.

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[deisik]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

If exchange itself is not trading, they basically don't care

More specifically, they care for fees, and trading fees obviously come from trades, so when there are abrupt price movements the trading volume spikes too. And it doesn't matter whether the price flash crashes or flash surges. So, they are in fact interested in volatility and price being "alive", therefore prices pumping to 3,000 dollars per coin would provide exactly that, i.e. insane levels of volatility

This is actually right. Exchamgr are having profit from transaction fee and they are not the one who buy and sell the coin you are trading. The devs of the coin is the one who is giving funds for the exchange to cover some buy/sell order and the majority of the order on exchange came from different traders too. So having a flash punp is not an issue for exchangr

I don't think that exchanges are having anything from transaction fees

You seem to be confusing them with miners. Nevertheless, there are ways which are allow exchanges to earn money off their clients and these have nothing to do with fees. The most conspicuous example is front-running the orders of the clients. Many exchanges have set up deliberate delays under various names. For example, at Btc-e all trading data is cashed every 2 seconds, but this in effect means that you can't find out what happens to your order within this interval after you send it. So the exchange has 2 seconds within which they may not actually place the order at once but wait and see if there is another offsetting order coming in. If the spread of these two orders is negative, the exchange itself can fill both of them and book the spread as profit. They don't even need any funds for that since they are just writing down the spread in their favor

[pedrog]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

Bitcoin can only go to $3000 if it is actively traded in exchanges, how else would it go to $3000?

Exchanges business is to enable exchange, why wouldn't they allow exchange and how would they lose?

[yugo23]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

Wtf?
No, not at all.
Exchanges don't handle the trade themselves!
On an exchange you put orders of sell or buy. And other people accept those orders.
Exchanges merely allow those to be done in a secure way, taking 0.2% every time ^^

[DrGuns4Hands]

Seriously ? lol we can have benefit from a big pump because we can sue the exchange sites. and make their company pay for a big money when we win in the court because obviously we can win the court because that's against their terms and condition . every site has it and learn to read license and agreement before trusting a site.

[Seansky]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

If exchange itself is not trading, they basically don't care

More specifically, they care for fees, and trading fees obviously come from trades, so when there are abrupt price movements the trading volume spikes too. And it doesn't matter whether the price flash crashes or flash surges. So, they are in fact interested in volatility and price being "alive", therefore prices pumping to 3,000 dollars per coin would provide exactly that, i.e. insane levels of volatility

This is actually right. Exchamgr are having profit from transaction fee and they are not the one who buy and sell the coin you are trading. The devs of the coin is the one who is giving funds for the exchange to cover some buy/sell order and the majority of the order on exchange came from different traders too. So having a flash punp is not an issue for exchangr

It really is not an issue for an exchange and reputable bitcoin exchange sites would not dare to scam their users since they will lose there their constant flow of income from fees which have high volume sometimes. You only need to be worried of scam to their users if the exchange you are using is not that reputable and is not that well established yet and have low count of daily transactions to sustain their website.

[KenR]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

If bitcoin jumps that high,do you think the first thing come to the holder's mind is to Sell the coins ? I think not.The price will continue to hike because of high demand and less supply.

[Xester]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

Well I do agree with it since it is a frequent event  that is always happening to exchanges. We cannot blame them since if they will not do that they will go bankrupt and they will close and if all exchanges close then that will be the end of bitcoin. So let us just leave that way if you have a huge btc in deposit then convert it to dollars if you cannot withdraw it then later on if everything is fine convert it to bitcoins again then withdraw.

[Idrisu]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

Op that is why localbitcoin is there. If the exchangers refused to exchange bitcoin because the price has pump to a reality position of $3000 by the forces of demand and supply then there are not supposed to be in business. As for me I am praying for that type of pump so I can make more profits in my savings bitcoin.

[craked5]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

Well I do agree with it since it is a frequent event  that is always happening to exchanges. We cannot blame them since if they will not do that they will go bankrupt and they will close and if all exchanges close then that will be the end of bitcoin. So let us just leave that way if you have a huge btc in deposit then convert it to dollars if you cannot withdraw it then later on if everything is fine convert it to bitcoins again then withdraw.

Not at all!
Exchanges fail to deal the order because of the incredible activity that's all!
It's just because the load is too heavy not because they don't want to...

[klaaas]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

A exchange isnt the only place where you can sell BTC instant.
here and here as example you can sell some % below current value but with enough profit maybe a option.

[goinmerry]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

Can you specifically state what exchanges you are pointing out here? Or basically you are assuming?

If you are not assuming, I think even for small numbers, we can see some dumping activity while this price surging is happening. I haven't read or encounterd some issues by the others that they didn't able to withdraw their respective balance with the current price increase.

If you assumed it, well you have a point but also look at the consequences if some of the exchanges will do that kind of doings.

[Raven91]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

That's not true. If you are pertaining to exchanger of fiat money and bitcoin, it's impossible that you can't sell your bitcoin at the current price it has now which is high enough since they wouldn't be deficit in doing that as they get profit from their fee every time you buy/sell bitcoin from them. They have no right to refuse a bitcoin holder to sell his bitcoin for fiat money.

[youdamushi]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

Can you specifically state what exchanges you are pointing out here? Or basically you are assuming?

He's just assuming, and that's stupid because exchanges wouldn't benefit from closing the trades...

Exchanges take no risk in making the trades! They allow trades between 2 people and take a percentage... Why wouldn't they allow it???

[bitbunnny]

Another proof that people are never happy. They make fuss and panic either because of pump or because of dump, it's never good. And it's always some conspiracy theory about exchangers or something.
And you can always use localbitcoins instead of any other exchanger and make your profit.

[darthmaul]

If exchanger won't allow that then they will not gain the profit as well. Everything will stand still then. If people knows that it has pumped from 1300 to 3000 in few hours then everybody will put their money on exchanges to get even bigger fat profits. This will lead exchangers break even point to cross the positive line making them huge profits. Whatever is exchanged on these sites remains their only. Also, don't forget, big transactions means bigger fees straight into exchangers profit. So you might not see scenario of exchanges being halted in such case. But you never know the effect really. 

[the rise]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

Bitcoin can only go to $3000 if it is actively traded in exchanges, how else would it go to $3000?

Exchanges business is to enable exchange, why wouldn't they allow exchange and how would they lose?

Perhaps the author is comparing market trading like a dealer in gambling, this is wrong understanding because in fact the trade market itself obviously benefits from transaction fees, greater value exchanged = more fee is used, there is no loss at all due to increase in trading volume will increase.

[deisik]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

If exchange itself is not trading, they basically don't care

More specifically, they care for fees, and trading fees obviously come from trades, so when there are abrupt price movements the trading volume spikes too. And it doesn't matter whether the price flash crashes or flash surges. So, they are in fact interested in volatility and price being "alive", therefore prices pumping to 3,000 dollars per coin would provide exactly that, i.e. insane levels of volatility

This is actually right. Exchamgr are having profit from transaction fee and they are not the one who buy and sell the coin you are trading. The devs of the coin is the one who is giving funds for the exchange to cover some buy/sell order and the majority of the order on exchange came from different traders too. So having a flash punp is not an issue for exchangr

It really is not an issue for an exchange and reputable bitcoin exchange sites would not dare to scam their users since they will lose there their constant flow of income from fees which have high volume sometimes. You only need to be worried of scam to their users if the exchange you are using is not that reputable and is not that well established yet and have low count of daily transactions to sustain their website

This has nothing to do with scam

Exchanges just make use of an opportunity to earn risk-free profits whenever such arises. They don't steal from their clients in a direct way. In fact, they may be even providing a somewhat better price for an incoming order (hence, front-running), though the difference will likely be infinitesimal (i.e. the lowest possible at this exchange). Even regulated, most "reputable" exchanges from the real world are regularly caught front-running the orders of their clients, and that's considered illegal by the regulating and supervising agencies and commissions

[JellyO]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

If exchange itself is not trading, they basically don't care

More specifically, they care for fees, and trading fees obviously come from trades, so when there are abrupt price movements the trading volume spikes too. And it doesn't matter whether the price flash crashes or flash surges. So, they are in fact interested in volatility and price being "alive", therefore prices pumping to 3,000 dollars per coin would provide exactly that, i.e. insane levels of volatility

This is actually right. Exchamgr are having profit from transaction fee and they are not the one who buy and sell the coin you are trading. The devs of the coin is the one who is giving funds for the exchange to cover some buy/sell order and the majority of the order on exchange came from different traders too. So having a flash punp is not an issue for exchangr

I think the exchange would have a problem if everybody would want to cah out against a fiat in a short time.
The altcoins are stored at the accounts of the exchanges, I am relatively sure about that.
But the fiat, I do not think that they would have enough of it if everybody would want to cah out. Especially not after a big jump in price.

You're assuming exchanges aren't solvent? That's really bad for an exchange.

[ethereumhunter]

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

why you said like that? i think traders which is staying in that site will make profit with that pumps. i think the exchanges owner will make big profit too because many traders selling their bitcon in high price and traders must pay the fee and its mean, its a profit for the owner site.