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Author Topic: [2017-05-28]Increased Bitcoin Demand Puts a Strain on Global Exchanges  (Read 4537 times)
friend666
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May 28, 2017, 01:57:28 AM
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Just recently we reported on the Poloniex exchange trying to handle a significant increase in cryptocurrency trading as well as a large influx of new customers. However, Poloniex is not the only trading platform dealing with more trading action as nearly every exchange is experiencing increased demand.
‘Significant Pressure on the Customer Service Team’

May 25th was a hectic day in Bitcoin-land as trade volumes hit an all-time high of over $2.4 billion during the day. Many traders are making moves to accumulate profits by day trading or utilizing intra-range strategies. Although quite a few exchanges have been having a difficult time dealing with the demand, Denial-of-Service (DDoS) attacks, increased customer support, and even keeping their website online.
read more:https://news.bitcoin.com/increased-bitcoin-demand-strain-exchanges/
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May 28, 2017, 01:11:52 PM
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Just recently we reported on the Poloniex exchange trying to handle a significant increase in cryptocurrency trading as well as a large influx of new customers. However, Poloniex is not the only trading platform dealing with more trading action as nearly every exchange is experiencing increased demand.
‘Significant Pressure on the Customer Service Team’

May 25th was a hectic day in Bitcoin-land as trade volumes hit an all-time high of over $2.4 billion during the day. Many traders are making moves to accumulate profits by day trading or utilizing intra-range strategies. Although quite a few exchanges have been having a difficult time dealing with the demand, Denial-of-Service (DDoS) attacks, increased customer support, and even keeping their website online.
read more:https://news.bitcoin.com/increased-bitcoin-demand-strain-exchanges/

In those days poloniex had 53000 people online, it was amazing... well, it now has only less than 40000 people.

I would like to know the reason for having 53000 people online and now having less than 37.000 people online?

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May 28, 2017, 02:27:09 PM
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Just recently we reported on the Poloniex exchange trying to handle a significant increase in cryptocurrency trading as well as a large influx of new customers. However, Poloniex is not the only trading platform dealing with more trading action as nearly every exchange is experiencing increased demand.
‘Significant Pressure on the Customer Service Team’

May 25th was a hectic day in Bitcoin-land as trade volumes hit an all-time high of over $2.4 billion during the day. Many traders are making moves to accumulate profits by day trading or utilizing intra-range strategies. Although quite a few exchanges have been having a difficult time dealing with the demand, Denial-of-Service (DDoS) attacks, increased customer support, and even keeping their website online.
read more:https://news.bitcoin.com/increased-bitcoin-demand-strain-exchanges/

In those days poloniex had 53000 people online, it was amazing... well, it now has only less than 40000 people.

I would like to know the reason for having 53000 people online and now having less than 37.000 people online?
Because their activity was very suspicious.  Having intermittent "DDoS attacks" doesn't prevent an exchange from processing withdrawals or responding to tickets.  Most exchanges should find it easy to deal with an increase in usage and trading volume, especially with the kind of revenue that Poloniex pulled in.

Most wary people, including me, have moved to Bittrex by now.
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May 28, 2017, 06:39:37 PM
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It shouldn't be a problem to put up more servers online in relatively short period of time.
I consider this growth of interest very positive news
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May 28, 2017, 06:54:45 PM
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Lets say totally 1 million people are actively trading bitcoin now, what would have happened if just 5 millions be active trader? why not all exchanges always full capacity? 3 TX/s is way too small for such a demand and miners for now enjoying their fees. in coming days demand is going to increase once again as price has started to show movement towards up.

﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
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