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Topic: How well did crypto exchanges survive April Fool's day Bitcoin rally? (Read 329 times)
July 28, 2019, 10:02:25 AM
May 14, 2019, 04:17:08 AM
I have read somewhere that this price spike was in fact by some April Fool's day joke.
With that in mind investors took their time into investment thus price rise suddently ($20.000 investment). Everyone saw that and followed the trend.
If it was from the joke itself we can not be certain but it really might had some influences.
I don't think that the latest trend of bitcoin is coming from this april fools joke. But I do really believe that april fool joke help bitcoin to know by other investors. Investors also see that they will really regret if that april fools day joke really happen. With that in mind investors took their time into investment thus price rise suddently ($20.000 investment). Everyone saw that and followed the trend.
If it was from the joke itself we can not be certain but it really might had some influences.
April 10, 2019, 04:24:49 PM
I have read somewhere that this price spike was in fact by some April Fool's day joke.
With that in mind investors took their time into investment thus price rise suddently ($20.000 investment). Everyone saw that and followed the trend.
If it was from the joke itself we can not be certain but it really might had some influences.
With that in mind investors took their time into investment thus price rise suddently ($20.000 investment). Everyone saw that and followed the trend.
If it was from the joke itself we can not be certain but it really might had some influences.
April 10, 2019, 02:57:46 PM
Haha 
I think it was a coincidence that price started improving around the April fools time and nothing more to that. As we can see that it is over but price remains as it is. I see a major break if it goes pass $5300.
I think it was a coincidence that price started improving around the April fools time and nothing more to that. As we can see that it is over but price remains as it is. I see a major break if it goes pass $5300.In order to ignite a big fire, we need a small matchstick first. It isn't possible that Bitcoin suddenly started rising and rose 30% over the course of seven days without any reason. There are several theories stating the reason of rally. I think the rumor (who knows if true) that someone put $100m buy orders and the hoax that bitcoin ETF is approved are two major reason of rally. So April Fool surely had some contribution to bitcoin price rise, no doubt.
there would always be a reason why we do have that price increase happening on past few weeks up to now.No matter what it is, we are all glad on what we are currently seeing.
April 10, 2019, 01:23:51 PM
Haha I think it was a coincidence that price started improving around the April fools time and nothing more to that. As we can see that it is over but price remains as it is. I see a major break if it goes pass $5300.
I think it was a coincidence that price started improving around the April fools time and nothing more to that. As we can see that it is over but price remains as it is. I see a major break if it goes pass $5300.In order to ignite a big fire, we need a small matchstick first. It isn't possible that Bitcoin suddenly started rising and rose 30% over the course of seven days without any reason. There are several theories stating the reason of rally. I think the rumor (who knows if true) that someone put $100m buy orders and the hoax that bitcoin ETF is approved are two major reason of rally. So April Fool surely had some contribution to bitcoin price rise, no doubt.
April 10, 2019, 01:02:18 PM
Haha I think it was a coincidence that price started improving around the April fools time and nothing more to that. As we can see that it is over but price remains as it is. I see a major break if it goes pass $5300.
I think it was a coincidence that price started improving around the April fools time and nothing more to that. As we can see that it is over but price remains as it is. I see a major break if it goes pass $5300. 
April 10, 2019, 10:21:46 AM
now bitcoin is an upward trend, i don't know if this price is related to april fools. Looking at the chart, bitcoin price cleared surged after it broke the main $4,200 resistance. These are strong bullish signs, increasing chances of more upsides in the coming days. The next major resistance to watch out is at $5,200. If buyers even manage to surpass $5,200, the previous breakdown support at $6,000 could be tested (a strong sell zone).
April 10, 2019, 10:19:01 AM
With the news of exchanges faking their volumes, its hard to if its just another pump and dump. Looking forward to hot/cold wallet monitoring.
Exchanges faking volumes is old news. That is why it is recommended to use trusted exchanges only. The article just shows the effect of a sudden pump to those exchanges faking volumes.
April 10, 2019, 10:18:25 AM
But I don't think that April fools will be related to bitcoin rally
Bitcoin price rally because the time to increase is coming so we can see the price can reach a higher price. That will be good if the bitcoin price could still reaching another higher price as all of us waiting for that.
I don't understand why people still trade on exchanges like HitBtc which is like a scammers paradise in my opinion.Bitcoin price rally because the time to increase is coming so we can see the price can reach a higher price. That will be good if the bitcoin price could still reaching another higher price as all of us waiting for that.
April 10, 2019, 10:18:13 AM
If that's the Fool days faking, by now we could have experienced the price pumping. Now there is gradual growth in the market. This shows the growth is rally from the day of April one is a real and doesn't have any form of dependence on the fake volume from the crypto exchanges. The survival is predicted to give a good growth in the falling days.
April 10, 2019, 10:12:30 AM
April fool has nothing to do with the price of bitcoin, because if any exchange play April fool with it price chart then they will make sure to have disabled they withdrawal features so that no one will be able to withdrew from the exchange in other not to run into loses, but it over a week now since the April fool day happen and the price of bitcoin is still doing great.
April 10, 2019, 10:02:07 AM
With the news of exchanges faking their volumes, its hard to if its just another pump and dump. Looking forward to hot/cold wallet monitoring.
April 10, 2019, 09:47:30 AM
It's great that the exchanges fared well on the 1st of April mini rally, and have continued being operational albeit the mass trades that occurred thereafter, possibly due to the FOMO the price had generated after people found out that we're back on the $5000 levels. However, I fear that the exchanges are still not fully equipped to the brim to handle a huge number of trades in their platforms should a bull run commence. Heck, we might even see exchanges/platforms freezing during the heat of the moment.
April 10, 2019, 09:18:15 AM
good topic to discuss!! april fool is to punish all the people who hated BTC saying "btc gonna crash!! its the end of btc" now all of them have realized how strong BTC came back again with a great recovery!! BTC actually fool them 
now its a great startup again and I'm very excited to see where it will go this year! hope you all excited too! enjoy well guys coz this is gonna be fun!! all the very best to my crypto family! tc! 
April 10, 2019, 09:10:01 AM
One week has just passed since the April Fool's day bitcoin price rally. I found an interesting comparison of crypto exchanges through measuring their performances on that period, enlightened by data analytics.
Would love to share with you: "When Liquidity Matters"
https://medium.com/@SophonEX/when-liquidity-matters-99c1d38a1a16?source=friends_link&sk=7616b8f6695dd1199c0f7a9842d2bee9
Would love to share with you: "When Liquidity Matters"
https://medium.com/@SophonEX/when-liquidity-matters-99c1d38a1a16?source=friends_link&sk=7616b8f6695dd1199c0f7a9842d2bee9
That's the nature of the market of cryptos. The exchanges have somewhat became similar to the ICO market. New exchanges are popping up every single day without origin and regulatory requirement and showing fake volume to get a ranking on the coinmarketcap list. I am sure, this bull run has given hard time to such exchanges who didn't have good amount of liquidity in hand.
While I understand that crytpo exchanges are necessary for the growth of cryptos, but it is also necessary to maintain good amount of liquidity and other covers in hand for unforeseen events like this! Sometimes shaking things up become necessary to get rid of the cockroaches from the kitchen!
April 10, 2019, 06:33:25 AM
The market recovery began on April 1, and became a hot conversation in the crypto asset community and the financial world. Most crypto asset players don't get the specific reason behind the surge in the prices of these various coins, and the answer is only speculative.
April 10, 2019, 06:28:36 AM
April Fool's Day is a day for the Franks, but the exchanges didn't troll us, they gave us what we were waiting for. I found all the great things coming from Binance (BNB) when its price increased a lot on April 1.
April 10, 2019, 06:18:20 AM
But I don't think that April fools will be related to bitcoin rally
Bitcoin price rally because the time to increase is coming so we can see the price can reach a higher price. That will be good if the bitcoin price could still reaching another higher price as all of us waiting for that.
As the article mentioned, it did actually help in differentiating how the liquidity of Bitcoin fared across a variety of exchanges during the mini rally. Nothing surprising here though. Bitcoin price rally because the time to increase is coming so we can see the price can reach a higher price. That will be good if the bitcoin price could still reaching another higher price as all of us waiting for that.
I don't understand why people still trade on exchanges like HitBtc which is like a scammers paradise in my opinion.
April 09, 2019, 07:27:59 AM
As per the article:
Obviously, those exchange wiht higher liquidity can really withstand that rally like Binance and it's only proved why they are the number exchanges right now. As compare to those crypto exchanges with fake volumes mentioned in the article. And who really trade on those exchanges btw? They have been identified already so I don't know why someone will go and trade on them specially during the market surge we have seen last week. We don't need to be rocket scientist here, there's a lot of data to swallow on that article but I do believed that just common sense will tell us which exchanges can hold and which exchange can't.
Quote
Conclusions
Through the BTC April Fool’s day rally, we come to several observations about the real quality of exchanges in the current crypto market that we may not able to observe so clearly in normal days.
Some exchanges have much more resilient liquidity than its counterpart under crisis (e.g. Binance vs Gdax). In addition, the different ratio of trading-volume hike reveals fake volume from several exchanges (Okex, Huobi, Hitbtc). Lastly, this BTC price surge incidence has long-lasting repercussion towards market makers, who are very reluctant to place orders back near the top of the orderbooks.
Through the BTC April Fool’s day rally, we come to several observations about the real quality of exchanges in the current crypto market that we may not able to observe so clearly in normal days.
Some exchanges have much more resilient liquidity than its counterpart under crisis (e.g. Binance vs Gdax). In addition, the different ratio of trading-volume hike reveals fake volume from several exchanges (Okex, Huobi, Hitbtc). Lastly, this BTC price surge incidence has long-lasting repercussion towards market makers, who are very reluctant to place orders back near the top of the orderbooks.
Obviously, those exchange wiht higher liquidity can really withstand that rally like Binance and it's only proved why they are the number exchanges right now. As compare to those crypto exchanges with fake volumes mentioned in the article. And who really trade on those exchanges btw? They have been identified already so I don't know why someone will go and trade on them specially during the market surge we have seen last week. We don't need to be rocket scientist here, there's a lot of data to swallow on that article but I do believed that just common sense will tell us which exchanges can hold and which exchange can't.
April 09, 2019, 07:16:34 AM
Liquidity is one of the main things that bring value to Bitcoin. The same thing is with exchanges. In case of any fast and significant price spike exchanges should have the necessary amount of users, placing sell orders to fulfill the fast-growing demand. All major exchanges are not worrying about such issues but the good point is that those spikes are show us the exchanges that are faking their reported volume.
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