yeah, but if ccex will be closed for 3 months, then south or qiex will goes up. nobody will wait 3 months for opening ccex
...and I think this could also be a good thing. If both exchanges have such low overall volumes and BBP rises significantly, then chances are that at one point or the other it's gonna account for a high percentage of the overall volume on these exchanges and therefore gain more recognition. Of course we may see huge leaps (up AND down) in the price because of the low liquidity, but again this could help getting more people to look into the project.
This is not like last time c-cex closed registration. Back then, registered ppl could at least deposit and withdraw. Now nobody will be able to do that. This will force everyone to go to SouthXchange or QIEX.
For me this is a death blow for C-Cex, I expect that when they come back from "holidays" the see everybody is out for good. And of course my suspicion is that another "unfortunate" event will happen and many people will see their wallets dissapear because of some weird hack.
Biblepay is the best CPU coin I can find and I am going to quit crunching until the exchange situation gets more clarity. C-cex is our high volume exchange and I am not going to make the assumption that volume will shift over to the other exchanges. C-cex has a bunch of Indian traders. The chat is almost exclusively Indians. The highest volume coin on C-cex is an Indian coin called MCAP, so it is probably Indian traders who make up a lot of our marginal volume, trading BBP back and forth. I am not convinced they will follow over to the other exchanges but I would love to be proven wrong. I don't want to get in a position where I can't sell BBP to cover my expenses. This is a bummer, but I'll be hanging out and watching over the next few months. Like MIP said, there is a danger C-cex doesn't come back. It is not good to have had the problems with the XVG wallet that were apparently the fault of C-cex. C-cex lost their customers' coins, and then the refund policy was done as a buyback with C-cex making the market. Many, most or all of the people were not refunded their entire portion of their original lost account value, and now after doing this, C-cex decides to go on a 3 month vacation. This is too great of an uncertainty and poor business management to not have to manage risk accordingly.
This is a good observation.
Everyone should be vigilant in this situation: don't store more than you can afford to lose on an exchange in BBP or BTC (or fiat or crypto). Always make the assumption that one morning you will wake up and one of our exchanges will be gone and then there is no recourse as money lost in an exchange wallet is most likely non-recoverable.
