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darklus123
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June 07, 2017, 01:47:39 AM
 #201

Nope i dont think so most of them has an automated system so basically they csnt afford to do it right away especially those exchanger that has an payment option which is instant

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June 07, 2017, 02:10:09 AM
 #202

If bitcoin pumps, altcoins stays the same level in USD and get cheaper in BTC. If you can't cash out your huge benefit from BTC to USD, just buy some ETH or other altcoin. After pump, I guarantee, altcoins will go up and you'll make profit one more time. The only thing is to diversify your btc (eth, etc, waves, xrm, doge, dgb etc, the more you diversify, the safer you'll get)
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June 07, 2017, 07:30:42 AM
 #203

Have you ever traded yourself?

I mean at a currency or commodity exchange that would count as a regulated one? Obviously, you haven't since otherwise you would have known that this pattern of price behavior is omnipresent. It is the same with major currencies, commodities like oil as well as precious metals. The price may stay frozen literally for weeks and then crash or spike many percentages within a day or two (oil has been particularly notorious in this regard recently). I guess there should be a theory explaining this phenomenon (likely tied to market inertia), but it certainly has nothing with price manipulation as you mean it (i.e. something illegal which is possible only at cryproexchanges). Just in case, regulated exchanges are using the same tricks that unregulated ones employ, and they even get caught (sometimes). I'd rather say it is you who is really naive here

I don't have time to make it any clearer for you. Here's your original statement I took issue with. You then tried to turn around 180 degrees what you said to make my comments irrelevant.

Google "information asymmetry", bro.

That means you know jack shit, and the guys who are pumping, dumping, frontrunning, and scamming know everything. Check your macroeconomic textbook at the front door. NOTHING is illegal in this space yet. They can outright steal your bitcoin and you have no recourse.
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June 07, 2017, 03:12:52 PM
Last edit: June 07, 2017, 03:24:28 PM by deisik
 #204

Have you ever traded yourself?

I mean at a currency or commodity exchange that would count as a regulated one? Obviously, you haven't since otherwise you would have known that this pattern of price behavior is omnipresent. It is the same with major currencies, commodities like oil as well as precious metals. The price may stay frozen literally for weeks and then crash or spike many percentages within a day or two (oil has been particularly notorious in this regard recently). I guess there should be a theory explaining this phenomenon (likely tied to market inertia), but it certainly has nothing with price manipulation as you mean it (i.e. something illegal which is possible only at cryproexchanges). Just in case, regulated exchanges are using the same tricks that unregulated ones employ, and they even get caught (sometimes). I'd rather say it is you who is really naive here

I don't have time to make it any clearer for you. Here's your original statement I took issue with. You then tried to turn around 180 degrees what you said to make my comments irrelevant

As I said, I will wipe the floor with you, and I have all the time in the world

You basically claimed that exchanges can manipulate the price ("there is nothing stopping an exchange from front-running trades, controlling volume in their favor, outright hacking prices, and arbitraging other exchanges"). I gave you an example of an asset (i.e. crude oil) which habitually suffers from severe price volatility with its price fitting perfectly into the pattern you are describing ("prices will stay static for 2 weeks and then suddenly leap 100%"). Now you may want to explain how exchanges (since you were talking about them exclusively, I won't let escape from that) can manipulate crude oil prices in the sense you meant it (by front-running trades, and so on, I specifically emphasize that point). You should understand that the pitfall you got into is that you have to stick to your original claim while I can poke a stick into it from any angle and direction as I see appropriate

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June 07, 2017, 03:27:14 PM
 #205

I don't think that is possible because. If Exchangers will not allow it then the price of Bitcoin will not go down it is similar to the market closing without any activity. What I mean about that is because of having no action in the buy and sell side then it would be common sense to think that the price will remain the same right?

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June 08, 2017, 05:58:20 PM
 #206

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 didn't know what will happen, but I think it can be a possibility. I think they will be waiting for hours or maybe days before they can allow someone to sell it. But, if you can't sell it, maybe you can convert it. I am using a coins.ph wallet where we can convert bitcoin into fiat in a second, so I think if they did not allow me to do a cash out, I will be converting that bitcoin into fiat. And after a dump, I will be converting it again to bitcoin.
An exchange that did that will probably go bankrupt since no one will trust them again, it is one thing if that was related to technical problems on their site, but if they forbid withdrawals or the ability to buy and sell bitcoin then that exchange is surely going to be mistrusted for a very long time if not forever and since trust is very important in bitcoin, the future of that exchange is going to be at jeopardy.



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