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Author Topic: Will exchanges have learnt anything from this bubble?  (Read 151 times)
aishyoo17
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April 01, 2018, 11:45:30 PM
 #21

It seems some trading/exchange sites are turning into a scam or has some issues in withdrawal many users here in bitcointalk has been reporting this. Especially in this section looks like with the recent price crash it would be unlikely for the trading sites to profit from it. But for me this is a chance to earn more btc cause after the storm surely will comes the sun.
That is why people only recommend good exchange site to void this kind of scenario though sometimes others still complain about their withdrawal with a certain site I think they have issues and they just make it big. Nothing is perfect and something goes wrong we can always find ways how to solve it of course we have to be patient though because we all know that there are plenty of users and only few supports.

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April 03, 2018, 02:05:36 AM
 #22

I know that those exchanges know what they are dealing with which is the very volatile virtual currencies. They already accepted the possibility that it will either go positive or negative right from the start.

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April 03, 2018, 05:52:51 AM
 #23

There is really nothing to learn because most of the exchange sites (the legitimate ones though) are only acting as a market place that brings the buyer and the seller together while providing liquidity for the market in the case of those who want to cash out which is not all the time. It is then safe to say, they are day traders where every of their decision is short term as we all know that price fluntuates several times in a day, even within the hour, they are still protected what would happen is to see w drop in their revenue and a smart one would have mop up enough for this trying times during the peak periods.
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April 03, 2018, 11:22:43 PM
 #24

It's normal to experience some difficulties especially with the nature of this kind of market. It's part of business to sometimes experience some losses especially for something as volatile as bitcoin. There may be some now which choose not to adopt BTC because of how risky it is for them to lose their money and after the hype last 2017, it has died down. All exchanges may do now is adapt to the situation. Having a coin which is popular may still be beneficial for them even if the price goes down significantly.
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April 04, 2018, 03:02:32 AM
 #25

When the next bull run comes and popularity of cryptos increase again, exchanges would be able to prepare for it but there would still be lapses because they don't know how much volume they would be able to get and I think in the next run, it would be larger than the recent one last December. They would be able to anticipate it through the increase sign ups and the volume getting larger.

Cryptocurrencies would be a hot topic in the mainstream media so people would be aware of it so during this time, exchanges should already be ahead of the game and ready for the influx of traders because it is their loss as well if their system would not be able to handle it. They still have ample of time to get ready especially this time when crypto are lying low and people are not that interested yet.

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April 04, 2018, 09:52:04 PM
 #26

Looks like we're on our way to hell for now at least. There probably won't be a legit bull run for a decent length of time now. When the next one comes it will dwarf the one we've just witnessed just as 2013 was this time.

With this in mind do you reckon that exchanges will be ready for the next one or will there even more seizures, crapping out and closures to new users?

With the way crypto explodes and then dies I really don't see how any exchange can afford to train and employ enough people to be ready for something that may be months or years away. If volumes are pitiful then there aren't enough earnings to prepare and employ them in wait.

Bigger companies such as Circle are coming on board, but Circle themselves dropped BTC retail when interest died off.

So will they do it right or will we get more of the same?

Business wise, I think exchanges will just react to the current situations. If we see another dramatic rise similar to December, then I guess they need to re-organized and hire more people. If this goes to worst, I mean bearish trend continue up to end of the year, then there will be no ramp up on terms of there employees. I don't think by this time they are looking at the future, training people cost money, and with this kind of volume, not enough funds to throw in hiring, thy will just have to wait before making their move.

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April 04, 2018, 10:22:33 PM
 #27

They still have ample of time to get ready especially this time when crypto are lying low and people are not that interested yet.
Current market isn't lying low, but just busting out normal volumes that are still enough to exceed the $10 billion daily volume mark. Hype volumes and demand don't represent the reality, and should be discarded.

The crypto market looks very healthy as it is right now, and even in current times exchanges badly struggle to get things right, or to open up their registrations again. Their backlog is only growing larger, and that won't stop.

The only thing they can hope for is that there won't be another insane burst of speculative hype usage further putting them into backlog debt. We'll see how they fare next year, but I don't have high hopes.

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April 05, 2018, 01:59:01 PM
 #28

Looks like we're on our way to hell for now at least. There probably won't be a legit bull run for a decent length of time now. When the next one comes it will dwarf the one we've just witnessed just as 2013 was this time.

With this in mind do you reckon that exchanges will be ready for the next one or will there even more seizures, crapping out and closures to new users?

With the way crypto explodes and then dies I really don't see how any exchange can afford to train and employ enough people to be ready for something that may be months or years away. If volumes are pitiful then there aren't enough earnings to prepare and employ them in wait.

Bigger companies such as Circle are coming on board, but Circle themselves dropped BTC retail when interest died off.

So will they do it right or will we get more of the same?

Well lots of the exchanges are in better shape than they were in December. Kraken fixed it's trading engine, Coinbase and others finally enabled segwit and enabled batching transactions. Most purchased new servers in December. So the whole experienced has forced them to improve - it's a pity they didn't act earlier.

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April 05, 2018, 06:04:26 PM
 #29

I think exchangers really don't care about bubbles but they have toggles so they can easily avoid any problems. As they already did, for example cex blocked registering of new members. Some of them blocked accounts which had many bitcoins and this way they could avoid losing of much money (price changes daily so they sometimes freezed money for weeks).

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April 07, 2018, 01:10:56 PM
 #30

I think exchangers really don't care about bubbles but they have toggles so they can easily avoid any problems. As they already did, for example cex blocked registering of new members. Some of them blocked accounts which had many bitcoins and this way they could avoid losing of much money (price changes daily so they sometimes freezed money for weeks).
These are possible things that would really happen on where exchangers might really be done come from behind.Either those reasons might be true or not but basing on what they are performing now when it comes to issues and delays we can really make presumptions that those things are true.They dont really care about price bubbles but those plans can really be done if they do really have that kind of motive.
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