Nobody Can Have Benefit From a Big Pump

[mrcash02]

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?

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[BitcoinerXX]

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?

idk if that has ever happened yet, dont think anyone can predict that outcome. it would be very interesting to watch tho 

[BossMacko]

Nobody can tell if exchanger will not really lets users from trading if the price jumps to much because it has not happened before so no one knows it yet. But in my opinion in case that big pump happen exchanger will still let users to sell or transact their Bitcoin because they don't know if after that big pump there is also a big dump. That's the gamble the exchanger needs to risk if that happens.

[MingLee]

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?

What?
Why would the exchanges not allow for their users to sell their Bitcoins in the event of something like this? You almost never sell to the exchange itself, always to other people. If others are buying it for that value, then the exchange should just let it happen since it doesn't affect them.
Are you sure you know how most exchanges work? You're kind of making me think you think that you only ever sell to the exchange.

[mrcash02]

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?

What?
Why would the exchanges not allow for their users to sell their Bitcoins in the event of something like this? You almost never sell to the exchange itself, always to other people. If others are buying it for that value, then the exchange should just let it happen since it doesn't affect them.
Are you sure you know how most exchanges work? You're kind of making me think you think that you only ever sell to the exchange.

I saw days ago a thread about exchanges legitimacy. Some people think it's just a question of time until all exchanges close and scam its users. With a big pump on Bitcoin price, the exchange owner's could imagine a possibility of high fast profit, principally if they have a big Bitcoin volume on their site, under their control.

The transactions could be freezed, they could use the user's Bitcoins to make profit for themselves, selling and buying again later cheaper on another exchange for an example... Or, the worse scenary, they could scam everyone and make all the profit for themselves. I'm not saying it will happen, it's just a possibility on the situation Bitcoin pumps a lot in a small time period, and I'm asking what you think about it.

[rajasumi3]

I think exchange people will try to make as much profit as possible,As the price of bitcoins would have gone up within a very hours it might happen that they might exchange close to bitcoins rate ,not very possible that they would all of the sellers to sell it there.

[arklan]

think of a gold rush in the old days: who made more money? the guys digging for gold in the hills, or the guys selling shovels?

right, shovel sellers.

and exchanges profit for every single trade. you buy, they take a fee. you sell, that means someone else buys, so they take a fee. and this happens on every transaction, thousands of times an hour.

therefore, it's in their best interests to keep operating and to be legitimate. doing so, there's only one outcome - growth and wealth. doing otherwise risks that.

so why would they risk it?

[madwica]

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?

What?
Why would the exchanges not allow for their users to sell their Bitcoins in the event of something like this? You almost never sell to the exchange itself, always to other people. If others are buying it for that value, then the exchange should just let it happen since it doesn't affect them.
Are you sure you know how most exchanges work? You're kind of making me think you think that you only ever sell to the exchange.

I saw days ago a thread about exchanges legitimacy. Some people think it's just a question of time until all exchanges close and scam its users. With a big pump on Bitcoin price, the exchange owner's could imagine a possibility of high fast profit, principally if they have a big Bitcoin volume on their site, under their control.

The transactions could be freezed, they could use the user's Bitcoins to make profit for themselves, selling and buying again later cheaper on another exchange for an example... Or, the worse scenary, they could scam everyone and make all the profit for themselves. I'm not saying it will happen, it's just a possibility on the situation Bitcoin pumps a lot in a small time period, and I'm asking what you think about it.

If that would happen it would have big effect in bitcoin community many users will disappoint if they do not sell their bitcoin and they do not get income from it.

That is why i think much better to keep your bitcoin in the wallet than in an exchange it much secured.
And i am agree that the exchange will turning to scam has a big possibility because they do not like to lost lot of money that is why they will take away our money and never coming back.

[Sadlife]

That would be amazing if bitcoin price surges to $3000 in just an hour, i think allowing bitcoin to sell when it reaches to that price will be profitable for them if they take a fee for every single trade made and they even might will also increase their withdrawal fees.
if it happens i could just store bitcoin in an wallet and let it increase.

[kolloh]

I don't think the exchanges would really have a reason to prevent you from selling your coins if you wanted to. The exchanges make their profits from fees on the trading so they are making money due to volume and the price doesn't really matter to them.

[Caladonian]

think of a gold rush in the old days: who made more money? the guys digging for gold in the hills, or the guys selling shovels?

right, shovel sellers.

and exchanges profit for every single trade. you buy, they take a fee. you sell, that means someone else buys, so they take a fee. and this happens on every transaction, thousands of times an hour.

therefore, it's in their best interests to keep operating and to be legitimate. doing so, there's only one outcome - growth and wealth. doing otherwise risks that.

so why would they risk it?

that's logically right, which way we take the exchanges site will benefits from our transaction so why would they take the risk of turning scam?
unless we are using untrusted site maybe that's possible but with those exchange that already gaining big profits from our trade activity will be  more happier with what is happening right now regarding to the rise up of btc.

[mrcash02]

think of a gold rush in the old days: who made more money? the guys digging for gold in the hills, or the guys selling shovels?

right, shovel sellers.

and exchanges profit for every single trade. you buy, they take a fee. you sell, that means someone else buys, so they take a fee. and this happens on every transaction, thousands of times an hour.

therefore, it's in their best interests to keep operating and to be legitimate. doing so, there's only one outcome - growth and wealth. doing otherwise risks that.

so why would they risk it?

that's logically right, which way we take the exchanges site will benefits from our transaction so why would they take the risk of turning scam?
unless we are using untrusted site maybe that's possible but with those exchange that already gaining big profits from our trade activity will be  more happier with what is happening right now regarding to the rise up of btc.

Theoretically it's much more worthful to continue operating forever than scamming customers money. But on the internet there aren't faces, an exchange owner can scam their customers and come back next month with a new site... Nobody will know it's the same person, the only difficult would be to build the reputation again, maybe because of reputation people think twice before doing things like that.

And we are talking about a big profit, a fast opportunity that could not happen so fast again. It's like all profit made after years operating the exchange (fees income) in one hour. Humans are greedy and chances of profit like this can change people's mind for the evil side.

[shinratensei_]

I don't think the exchanges would really have a reason to prevent you from selling your coins if you wanted to. The exchanges make their profits from fees on the trading so they are making money due to volume and the price doesn't really matter to them.

I still selling my coin in the exchange site with smoothly.
But for some exchange site, we are not able to sell our money due the technical problem or legitimacy such as btc-e and bitfinex.

But i think if it makes sense if we are not be able to sell our coin in some exchange which has problem.

I don't see there is an exchange site prevent his users to withdraw his money. And the exchange will be announcing their problem about the user's deposit or withdrawal.

[virasog]

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?

Really? I guess it will not happen that they will not allow people to make some exchange after the big pump. I think they will.allow it and after they will make some move too to have their profit in return. People who are trading are always ready to get benefit from any pump whether big or small.

[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

[strategics]

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

Do you happen to know if exchanges have an in-house team to trade on their own platform with their own holdings for the potential aspect of increasing their profits?

[Dogeboi3210]

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?

I could defintely sell the BTC if the price went to $3000 or $3. Exchanges want to you trade so they can profit from fees.

[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

Do you happen to know if exchanges have an in-house team to trade on their own platform with their own holdings for the potential aspect of increasing their profits?

No, I don't know that for sure

But given that the largest currency, commodity and stock exchanges are regularly caught exploiting their advantage before their clients (which is forbidden by trading laws and even special agencies like SEC or CFTC are set up to control that), we can be almost 100% sure of that. Basically, it is easy and sure money for an exchange, and it would be strange if they didn't take this opportunity, especially when the total majority of cryptocurrency exchanges are not regulated in any way. Though it is not about trading as such, in other words, they don't need to first buy low and then wait to sell high. They typically buy low sell high simultaneously (and earn profits instantly as well as risk free)

[digaran]

All the major exchanging companies constantly are being monitored by each other and by big whales/investors, admins and staff members identities and home addresses are available to investors, any wrong move will immediately cause a chain reaction and wide spread price dump.
By the time they try to sell all the coins in small amounts they have been caught already, since you can't sell a large volume especially if the coins are tagged.

You think people are stupid to trust millions of dollars with exchanges without insurance?
Only if you are an idiot with enough money to cause a sudden pump, people with cash actually are now slowly accumulating to avoid the same scenario of sudden price increase.

OP's scenario will never happen in the first place.

[Beparanf]

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