Dude, come on... He already told you like 3 times. Maybe his English is not perfect, but it's so obvious what he wants to say, don't pretend like you don't get it. He will obviously trust the exchange for literally 15 minutes to deposit a coin, do a trade and withdraw. He will do it because it's the only way for him to get this particular coin. And he really wants it, so much that he is willing to take the risk. And of course, he can deposit in say $100 batches, so at any given time he cannot lose more than $100.
All that aside, the real issue here is that all along you are trying a sneaky psychology trick where you ask a question about something which he never said. You are asking "How can you trust them at this point?", but when did he ever say that he trusted them? Imagine I ask you a question "How can you trust your bank?", but you didn't even tell me do you trust it or not in the first place. With that question you are just pushing your own opinion and not asking a real question, because you set it up in a way that gives no choice to answer normally. Also, surprise, you don't have to have any trust to still do activities in your life. For example, I have a bank account with a bank that had negative profit in their 2017 report, and I don't trust them, but I still use the account, because it has many benefits, I am just cautious to not have too much money there.
And about C-Cex, do you understand that probably like 90% of people never had any issues with them? And a lot of people want to use the exchange, for all sorts of reasons, that's why they want to register. For example, someone wants to buy enough coins to setup a masternode, which is a lot. That coin is listed on three exchanges, one is CoinsMarkets, which is dead, another is an exchange which has a really low liquidity and it's impossible to buy that many coins without paying like 10x the market price, and the remaining exchange is C-Cex. And the person really wants to buy that coin because they think it's their last chance to buy in at a low price. So tell me, what are the options?
And do you even know how many exchanges have had their coins stolen or some other big issues, but people still use them, and they are much more popular than C-Cex? So why are people still using those exchanges which lost users' money in the past? How can they trust them after what's happened? Obviously it's a necessity now until we have better options like mainstream decentralized exchanges.
All that aside, the real issue here is that all along you are trying a sneaky psychology trick where you ask a question about something which he never said. You are asking "How can you trust them at this point?", but when did he ever say that he trusted them? Imagine I ask you a question "How can you trust your bank?", but you didn't even tell me do you trust it or not in the first place. With that question you are just pushing your own opinion and not asking a real question, because you set it up in a way that gives no choice to answer normally. Also, surprise, you don't have to have any trust to still do activities in your life. For example, I have a bank account with a bank that had negative profit in their 2017 report, and I don't trust them, but I still use the account, because it has many benefits, I am just cautious to not have too much money there.
And about C-Cex, do you understand that probably like 90% of people never had any issues with them? And a lot of people want to use the exchange, for all sorts of reasons, that's why they want to register. For example, someone wants to buy enough coins to setup a masternode, which is a lot. That coin is listed on three exchanges, one is CoinsMarkets, which is dead, another is an exchange which has a really low liquidity and it's impossible to buy that many coins without paying like 10x the market price, and the remaining exchange is C-Cex. And the person really wants to buy that coin because they think it's their last chance to buy in at a low price. So tell me, what are the options?
And do you even know how many exchanges have had their coins stolen or some other big issues, but people still use them, and they are much more popular than C-Cex? So why are people still using those exchanges which lost users' money in the past? How can they trust them after what's happened? Obviously it's a necessity now until we have better options like mainstream decentralized exchanges.
I don't care about his English. It's fine. I'm asking a legit question. One that is actually crucial in this world of crypto. Blockchain technology is here to restore trust and disrupt monopolistic old industries. We are putting a great deal of money, time and - surprise - trust, in this new Blockchain-based industry. Cryptocurrency is one of these. And it's these state of affairs like C-CEX has created, that are ruining this trust. Even worse. It's how we, the actual users of these new technologies, react on scammy behaviour. It's our responsibility to grow up and embrace what is right and reject what is wrong.
I find the lack of community and shared responsibility worrisome, to say the least. Things like "I see that many people have been scammed by this broker, but it hasn't happened to me yet, so I'm only interested in my own gains" are what define how these new 'companies' will be allowed to treat us, and the industry as a whole. I for one refuse to take part of this silently, and choose to react and fight against malpractice.
So yeah, if I see a seemingly endless stream of 'naive' users here trying to access C-CEX as if nothing has happened, I will call out on them and asking them how on earth they think C-CEX is to be trusted and why they believe it won't happen to them. It's not a manipulative trick, it's not a personal attack, it's me trying to make this community conscious, and hopefully contribute to maturing this Blockchain-based industry. Cuz frankly, I'm not hopeful if I see how we let ourselves get run over by a site like C-CEX.
I didn't expect a constructive post, so thank you for that. I actually agree with you, you are completely right. But as you implied, the problem is with the people who are using the services, the masses, and not with a handful of scammers. The problem is this new generation, we are much more apathetic than previous generations. A few decades ago, most people would do everything in their power to correct some injustice done to them. They would organize into groups and be very effective. Nowadays, young people are too lazy to do such things, they would rather just whine.
But here's a question for you: why don't you call out on people wanting to register an account at Binance or GDAX or Kraken? They don't have a smaller chance to lose their money, it's probably similar. Because the exchanges which lost users' money were also reputable once in the past, right? So having a big financial risk is a given in this cryptocurrency space right now, and it seems the only way to remedy this situation is to have the whole market regulated. But at the same time, that's what people don't want because what would then be the point of cryptocurrencies? But imagine that your money at an exchange is insured by the government up to $250,000, like it is in the US with FDIC.
A lot of the bad things happening are not users' fault (in case of scams), but still, people are people, and there will always be someone asking how to reset their password (private key) because they lost it. So there are cryptocurrencies and there is regulation, maybe you can't have both, but we'll see over the coming years.
