Author

Topic: 2014 was Year of the Crypto Exchanges (Read 1116 times)

legendary
Activity: 1582
Merit: 1064
January 01, 2015, 01:26:28 AM
#13
Yes many exchanger crypto open in 2014
While many crypto exchanges gone in 2014, the biggest one is Mt.Gox.

Mt Gox isn't very representative of crypto-exchanges in general.
Unfortunately, it was the largest one...  Sad
hero member
Activity: 502
Merit: 500
December 30, 2014, 03:26:32 AM
#12
no only did Mark and Co walk away with a few hundred million

you have to assume that the exchanges are hoarding the cash

for ten times more Crypto than they actually have on hand

their is even futures markets and other products like hashing

markets, make no mistake the shills posting negative comments

do realize that Crypto is bursting at the seems even with their

efforts to contain it from going mainstream,

That layout is poetic!

I think 2015 will be the year of the community in general.

Some exchanges are legit you know.. Eg coinbase
sr. member
Activity: 476
Merit: 250
December 29, 2014, 09:34:01 PM
#11
Yes many exchanger crypto open in 2014
While many crypto exchanges gone in 2014, the biggest one is Mt.Gox.
hero member
Activity: 532
Merit: 500
December 29, 2014, 07:06:19 PM
#10
just a reminder to keep a very small amount on online exhanges
whether bitcoin or alts

keep most offline in qt wallets (encrypted) with pw
and thumbdrives etc.

many exchanges come and go without warning, get hacked etc.

The reason that some people keep so much money on exchanges is because they want to use it to trade the market. If they have a winning trade then the more money they have on the exchange the bigger the trade they can make and the more money they will make. It is fueled by greed

well, yes

but if the exchange is corrupt or gets hacked or owners are dishonest they could wake up one day and all coins gone

I am not disagreeing with your advice. It is a very good practice to store all of your bitcoin in a way so that you are in 100% control of your private keys. My argument is that people tend to disagree with this advice on the hopes of being able to strike it rich via trading. And to be fair there have been a few hugely profitable trading opportunities over the years, most recently when SR1 was shut down by the FBI, although they tend to happen pretty rarely and it is probably not worth the risk (IMO)
legendary
Activity: 1061
Merit: 1001
December 29, 2014, 06:25:22 PM
#9
just a reminder to keep a very small amount on online exhanges
whether bitcoin or alts

keep most offline in qt wallets (encrypted) with pw
and thumbdrives etc.

many exchanges come and go without warning, get hacked etc.

The reason that some people keep so much money on exchanges is because they want to use it to trade the market. If they have a winning trade then the more money they have on the exchange the bigger the trade they can make and the more money they will make. It is fueled by greed

well, yes

but if the exchange is corrupt or gets hacked or owners are dishonest they could wake up one day and all coins gone
hero member
Activity: 532
Merit: 500
December 29, 2014, 06:19:42 PM
#8
just a reminder to keep a very small amount on online exhanges
whether bitcoin or alts

keep most offline in qt wallets (encrypted) with pw
and thumbdrives etc.

many exchanges come and go without warning, get hacked etc.

The reason that some people keep so much money on exchanges is because they want to use it to trade the market. If they have a winning trade then the more money they have on the exchange the bigger the trade they can make and the more money they will make. It is fueled by greed
legendary
Activity: 1061
Merit: 1001
December 28, 2014, 07:47:57 PM
#7
just a reminder to keep a very small amount on online exhanges
whether bitcoin or alts

keep most offline in qt wallets (encrypted) with pw
and thumbdrives etc.

many exchanges come and go without warning, get hacked etc.
hero member
Activity: 568
Merit: 500
Smoke weed everyday!
December 28, 2014, 06:45:14 PM
#6
This is probably especially true for the Chinese exchanges (although I am not so sure about bitstamp, coinbase, and bitfinex) as they are giving their customers an incentive to hold bitcoin on their exchange via interest payments on balances (which has no advantage for the exchanges). They are likely doing this to make it less likely for a "bank run" which will allow them to accumulate a lot of bitcoin to eventually run away with customer money
legendary
Activity: 2674
Merit: 3000
Terminated.
December 28, 2014, 05:32:58 PM
#5
At least there is a sign of growth even though the price is still down.

Good time to buy to me.  Smiley
Sign? It's not just a sign. 2014 had more investments than all other years combined.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
December 28, 2014, 05:15:21 PM
#4
At least there is a sign of growth even though the price is still down.

Good time to buy to me.  Smiley
legendary
Activity: 1358
Merit: 1000
December 28, 2014, 02:14:32 PM
#3
Yes many exchanger crypto open in 2014

exactly, right as the price started trending lower,

they would fail horrendously with a stress test

and as for the Stress test that the Federal Reserve

was talking about with US banks, their simply

exists no Stress Test with Fiat Institutions they can

print to infinity. Their loan to valuation ratio's

are more accounting errors and property evaluation

errors than actual fundamental stresses.
hero member
Activity: 714
Merit: 500
Me, myself and I
December 28, 2014, 02:09:10 PM
#2
Yes many exchanger crypto open in 2014
legendary
Activity: 1358
Merit: 1000
December 28, 2014, 01:40:39 PM
#1
no only did Mark and Co walk away with a few hundred million

you have to assume that the exchanges are hoarding the cash

for ten times more Crypto than they actually have on hand

their is even futures markets and other products like hashing

markets, make no mistake the shills posting negative comments

do realize that Crypto is bursting at the seems even with their

efforts to contain it from going mainstream,
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