What if?

[CristianOff]

Stupid question but what if:

All major cryptocurrency exchanges turn into "bad guys" and only allow people to buy bitcoin and not sell it
do you think that this will have a positive impact over Bitcoin's price?


Now the reverse scenario:
All major cryptocurrency exchanges only allow people to sell bitcoin and not buy it
do you think that this will have a positive impact over Bitcoin's price?




NOTICE: The bitcoins bought come from the cryptocurrency exchanges and not other users, so basically a massive "dumping" of crypto exchanges

[SirCharles]

Stupid question but what if:

All major cryptocurrency exchanges turn into "bad guys" and only allow people to buy bitcoin and not sell it
do you think that this will have a positive impact over Bitcoin's price?

Yes, because if ever this might happen, Bitcoin will actually be considered as the victim in your scenario.

Now the reverse scenario:
All major cryptocurrency exchanges only allow people to sell bitcoin and not buy it
do you think that this will have a positive impact over Bitcoin's price?

Yes, same answer as above.




Also, more importantly because in your scenario... it only applies to all major cryptocurrency exchanges, there's still minor cryptocurrency exchanges, including P2P transfers that are still possible, and POS transactions that would still accept Bitcoin transactions in general.

[LoyceMobile]

I'll let you in on a little secret: the amount bought is exactly the same as the amount sold. You can't have buyers without sellers.

[CristianOff]

I'll let you in on a little secret: the amount bought is exactly the same as the amount sold.

Sorry, I wanted to say sold by cryptocurrency exchanges themselves and not users. Basically "dumping"



 

All major cryptocurrency exchanges turn into "bad guys" and only allow people to buy bitcoin and not sell it
do you think that this will have a positive impact over Bitcoin's price?

Yes, because if ever this might happen, Bitcoin will actually be considered as the victim in your scenario.

Don't you think that people will try to sell bitcoin for less and therefore impact the price?

[SirCharles]

All major cryptocurrency exchanges turn into "bad guys" and only allow people to buy bitcoin and not sell it
do you think that this will have a positive impact over Bitcoin's price?

Yes, because if ever this might happen, Bitcoin will actually be considered as the victim in your scenario.

Don't you think that people will try to sell bitcoin for less and therefore impact the price?

In order for this "what if" scenario to occur and for this to happen other than the usual whale dumping or bear market scenario, there must be a radical reason why these major cryptocurrency exchanges are doing this (this is the missing link or reason that still needs to be known), of course.

[semobo]

Both the scenario will result into manipulation, no one will buy or sell all the available quantity without any benefits to themselves.

But both the scenarios are not possible in reality.

[blackfishsoup]

In any case, this will not happen. And if, for example, such a situation occurs, then nothing depends on us.

[boyptc]

If the exchanges become bad guys and only accept buy orders, there will be the other exchanges that will open their doors for selling.

Vice versa.

It's a business, if the others lack the other feature, the other will take advantage and add that feature that's needed.

[CristianOff]

It's a business, if the others lack the other feature, the other will take advantage and add that feature that's needed.

While what you say is true, keep in mind that those small exchanges will not even account for 50% of the orders.
In such hypothetical scenario I can guarantee that small exchanges will not take that risk (or they do it but they
won't be able to sustain the demand).

I have no intentions on dumping my crypto, but If I didn't have the option then these assets have 0 value. Same goes for sell only.

It's funny how Bitcoin was supposed to become a peer to peer cryptocurrency and not a store of value or asset. You may still
purchase things using Bitcoin from the stores accepting bitcoin so they still have some value if we force it.



Aight, too much power is given to cryptocurrency exchanges and nobody is realising that. They have the power to decide if you
can "cash out" or not. They have terms to decide if you are suspicious enough to close your account anytime, even if you purchased
crypto on their exchange and never moved the money (just google such cases). Put yourself in the hypothetical
scenario of a multi-millionaire. You simply won't be able to withdraw your money and that's what is keeping "big guys" from joining.
The space became a DISTRIBUTED centralised power. It's decentralised but it's owned by the few. Not that I have something against
bureaucracy or "hierarchical systems" but the barriers to enter are too high and it's made like this to maintain the current power .
The reward to such entry is difficult to establish with accuracy.


I am taking a small break from cryptocurrencies, at least for a few months or years. Good luck all

[KiloFoxtrot]

I have no intentions on dumping my crypto, but If I didn't have the option then these assets have 0 value. Same goes for sell only.

It's funny how Bitcoin was supposed to become a peer to peer cryptocurrency and not a store of value or asset. You may still
purchase things using Bitcoin from the stores accepting bitcoin so they still have some value if we force it.



Aight, too much power is given to cryptocurrency exchanges and nobody is realising that. They have the power to decide if you
can "cash out" or not. They have terms to decide if you are suspicious enough to close your account anytime, even if you purchased
crypto on their exchange and never moved the money (just google such cases). Put yourself in the hypothetical
scenario of a multi-millionaire. You simply won't be able to withdraw your money and that's what is keeping "big guys" from joining.
The space became a DISTRIBUTED centralised power. It's decentralised but it's owned by the few. Not that I have something against
bureaucracy or "hierarchical systems" but the barriers to enter are too high and it's made like this to maintain the current power .
The reward to such entry is difficult to establish with accuracy.


I am taking a small break from cryptocurrencies, at least for a few months or years. Good luck all

To HODL for the meantime (since the halving is about to happen) and you'll be back after a few months or years after, once it reaches ATH already?

[Ucy]

Ofcourse it could, if overall demand is less than supply or supply is more than demand.
This is why decentralized permissionless exchanges are better... With them, you have custody of your coins and if something unpleasant happens to a DEX, you move your keys to another platform.
It's actually disappointing how huge supply of decentralized cryptocoins are on centralized exchanges.

[boyptc]

It's a business, if the others lack the other feature, the other will take advantage and add that feature that's needed.

While what you say is true, keep in mind that those small exchanges will not even account for 50% of the orders.
In such hypothetical scenario I can guarantee that small exchanges will not take that risk (or they do it but they
won't be able to sustain the demand).

It might be.

That's what I think and things can turn around in desperation when there's a serious demand that they can see.

[romelitounknown]

Good question but that's not gonna happen in real world. Every seller and buyer has the same reason for doing such thing, it is to gain profits. Why you buy if you cant sell it.

[UserU]

While what you say is true, keep in mind that those small exchanges will not even account for 50% of the orders.
In such hypothetical scenario I can guarantee that small exchanges will not take that risk (or they do it but they
won't be able to sustain the demand).

It happened, but for NANO (formerly XRB). When Mercatox had issues handling the transactions, Bitgrail was next to open its doors. That caused a soar in its prices.