Nobody Can Have Benefit From a Big Pump - page 10.

Seansky

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Quote from: Beparanf on May 02, 2017, 03:51:35 AM

Quote from: deisik on May 02, 2017, 02:48:40 AM

Quote from: mrcash02 on May 01, 2017, 08:53:44 PM

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

If exchange itself is not trading, they basically don't care

More specifically, they care for fees, and trading fees obviously come from trades, so when there are abrupt price movements the trading volume spikes too. And it doesn't matter whether the price flash crashes or flash surges. So, they are in fact interested in volatility and price being "alive", therefore prices pumping to 3,000 dollars per coin would provide exactly that, i.e. insane levels of volatility

This is actually right. Exchamgr are having profit from transaction fee and they are not the one who buy and sell the coin you are trading. The devs of the coin is the one who is giving funds for the exchange to cover some buy/sell order and the majority of the order on exchange came from different traders too. So having a flash punp is not an issue for exchangr

It really is not an issue for an exchange and reputable bitcoin exchange sites would not dare to scam their users since they will lose there their constant flow of income from fees which have high volume sometimes. You only need to be worried of scam to their users if the exchange you are using is not that reputable and is not that well established yet and have low count of daily transactions to sustain their website.

DrGuns4Hands

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Seriously ? lol we can have benefit from a big pump because we can sue the exchange sites. and make their company pay for a big money when we win in the court because obviously we can win the court because that's against their terms and condition . every site has it and learn to read license and agreement before trusting a site.

yugo23

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Quote from: mrcash02 on May 01, 2017, 08:53:44 PM

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

Wtf?
No, not at all.
Exchanges don't handle the trade themselves!
On an exchange you put orders of sell or buy. And other people accept those orders.
Exchanges merely allow those to be done in a secure way, taking 0.2% every time ^^

pedrog

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Quote from: mrcash02 on May 01, 2017, 08:53:44 PM

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

Bitcoin can only go to $3000 if it is actively traded in exchanges, how else would it go to $3000?

Exchanges business is to enable exchange, why wouldn't they allow exchange and how would they lose?

deisik

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Quote from: Beparanf on May 02, 2017, 03:51:35 AM

Quote from: deisik on May 02, 2017, 02:48:40 AM

Quote from: mrcash02 on May 01, 2017, 08:53:44 PM

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

If exchange itself is not trading, they basically don't care

More specifically, they care for fees, and trading fees obviously come from trades, so when there are abrupt price movements the trading volume spikes too. And it doesn't matter whether the price flash crashes or flash surges. So, they are in fact interested in volatility and price being "alive", therefore prices pumping to 3,000 dollars per coin would provide exactly that, i.e. insane levels of volatility

This is actually right. Exchamgr are having profit from transaction fee and they are not the one who buy and sell the coin you are trading. The devs of the coin is the one who is giving funds for the exchange to cover some buy/sell order and the majority of the order on exchange came from different traders too. So having a flash punp is not an issue for exchangr

I don't think that exchanges are having anything from transaction fees

You seem to be confusing them with miners. Nevertheless, there are ways which are allow exchanges to earn money off their clients and these have nothing to do with fees. The most conspicuous example is front-running the orders of the clients. Many exchanges have set up deliberate delays under various names. For example, at Btc-e all trading data is cashed every 2 seconds, but this in effect means that you can't find out what happens to your order within this interval after you send it. So the exchange has 2 seconds within which they may not actually place the order at once but wait and see if there is another offsetting order coming in. If the spread of these two orders is negative, the exchange itself can fill both of them and book the spread as profit. They don't even need any funds for that since they are just writing down the spread in their favor

severaldetails

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Quote from: Beparanf on May 02, 2017, 03:51:35 AM

Quote from: deisik on May 02, 2017, 02:48:40 AM

Quote from: mrcash02 on May 01, 2017, 08:53:44 PM

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

If exchange itself is not trading, they basically don't care

More specifically, they care for fees, and trading fees obviously come from trades, so when there are abrupt price movements the trading volume spikes too. And it doesn't matter whether the price flash crashes or flash surges. So, they are in fact interested in volatility and price being "alive", therefore prices pumping to 3,000 dollars per coin would provide exactly that, i.e. insane levels of volatility

This is actually right. Exchamgr are having profit from transaction fee and they are not the one who buy and sell the coin you are trading. The devs of the coin is the one who is giving funds for the exchange to cover some buy/sell order and the majority of the order on exchange came from different traders too. So having a flash punp is not an issue for exchangr

I think the exchange would have a problem if everybody would want to cah out against a fiat in a short time.
The altcoins are stored at the accounts of the exchanges, I am relatively sure about that.
But the fiat, I do not think that they would have enough of it if everybody would want to cah out. Especially not after a big jump in price.

Beparanf

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Burpaaa

Quote from: deisik on May 02, 2017, 02:48:40 AM

Quote from: mrcash02 on May 01, 2017, 08:53:44 PM

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

If exchange itself is not trading, they basically don't care

More specifically, they care for fees, and trading fees obviously come from trades, so when there are abrupt price movements the trading volume spikes too. And it doesn't matter whether the price flash crashes or flash surges. So, they are in fact interested in volatility and price being "alive", therefore prices pumping to 3,000 dollars per coin would provide exactly that, i.e. insane levels of volatility

This is actually right. Exchamgr are having profit from transaction fee and they are not the one who buy and sell the coin you are trading. The devs of the coin is the one who is giving funds for the exchange to cover some buy/sell order and the majority of the order on exchange came from different traders too. So having a flash punp is not an issue for exchangr

digaran

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🖤😏

All the major exchanging companies constantly are being monitored by each other and by big whales/investors, admins and staff members identities and home addresses are available to investors, any wrong move will immediately cause a chain reaction and wide spread price dump.
By the time they try to sell all the coins in small amounts they have been caught already, since you can't sell a large volume especially if the coins are tagged.

You think people are stupid to trust millions of dollars with exchanges without insurance?
Only if you are an idiot with enough money to cause a sudden pump, people with cash actually are now slowly accumulating to avoid the same scenario of sudden price increase.

OP's scenario will never happen in the first place.

deisik

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Quote from: strategics on May 02, 2017, 03:05:47 AM

Quote from: deisik on May 02, 2017, 02:48:40 AM

Quote from: mrcash02 on May 01, 2017, 08:53:44 PM

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

If exchange itself is not trading, they basically don't care

More specifically, they care for fees, and trading fees obviously come from trades, so when there are abrupt price movements the trading volume spikes too. And it doesn't matter whether the price flash crashes or flash surges. So, they are in fact interested in volatility and price being "alive", therefore prices pumping to 3,000 dollars per coin would provide exactly that, i.e. insane levels of volatility

Do you happen to know if exchanges have an in-house team to trade on their own platform with their own holdings for the potential aspect of increasing their profits?

No, I don't know that for sure

But given that the largest currency, commodity and stock exchanges are regularly caught exploiting their advantage before their clients (which is forbidden by trading laws and even special agencies like SEC or CFTC are set up to control that), we can be almost 100% sure of that. Basically, it is easy and sure money for an exchange, and it would be strange if they didn't take this opportunity, especially when the total majority of cryptocurrency exchanges are not regulated in any way. Though it is not about trading as such, in other words, they don't need to first buy low and then wait to sell high. They typically buy low sell high simultaneously (and earn profits instantly as well as risk free)

Dogeboi3210

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Quote from: mrcash02 on May 01, 2017, 08:53:44 PM

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

I could defintely sell the BTC if the price went to $3000 or $3. Exchanges want to you trade so they can profit from fees.

strategics

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Quote from: deisik on May 02, 2017, 02:48:40 AM

Quote from: mrcash02 on May 01, 2017, 08:53:44 PM

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

If exchange itself is not trading, they basically don't care

More specifically, they care for fees, and trading fees obviously come from trades, so when there are abrupt price movements the trading volume spikes too. And it doesn't matter whether the price flash crashes or flash surges. So, they are in fact interested in volatility and price being "alive", therefore prices pumping to 3,000 dollars per coin would provide exactly that, i.e. insane levels of volatility

Do you happen to know if exchanges have an in-house team to trade on their own platform with their own holdings for the potential aspect of increasing their profits?

deisik

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Quote from: mrcash02 on May 01, 2017, 08:53:44 PM

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

If exchange itself is not trading, they basically don't care

More specifically, they care for fees, and trading fees obviously come from trades, so when there are abrupt price movements the trading volume spikes too. And it doesn't matter whether the price flash crashes or flash surges. So, they are in fact interested in volatility and price being "alive", therefore prices pumping to 3,000 dollars per coin would provide exactly that, i.e. insane levels of volatility

virasog

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Quote from: mrcash02 on May 01, 2017, 08:53:44 PM

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

Really? I guess it will not happen that they will not allow people to make some exchange after the big pump. I think they will.allow it and after they will make some move too to have their profit in return. People who are trading are always ready to get benefit from any pump whether big or small.

shinratensei_

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Quote from: kolloh on May 01, 2017, 10:52:07 PM

I don't think the exchanges would really have a reason to prevent you from selling your coins if you wanted to. The exchanges make their profits from fees on the trading so they are making money due to volume and the price doesn't really matter to them.

I still selling my coin in the exchange site with smoothly.
But for some exchange site, we are not able to sell our money due the technical problem or legitimacy such as btc-e and bitfinex.

But i think if it makes sense if we are not be able to sell our coin in some exchange which has problem.

I don't see there is an exchange site prevent his users to withdraw his money. And the exchange will be announcing their problem about the user's deposit or withdrawal.

mrcash02

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Quote from: Caladonian on May 01, 2017, 10:52:35 PM

Quote from: arklan on May 01, 2017, 10:33:04 PM

think of a gold rush in the old days: who made more money? the guys digging for gold in the hills, or the guys selling shovels?

right, shovel sellers.

and exchanges profit for every single trade. you buy, they take a fee. you sell, that means someone else buys, so they take a fee. and this happens on every transaction, thousands of times an hour.

therefore, it's in their best interests to keep operating and to be legitimate. doing so, there's only one outcome - growth and wealth. doing otherwise risks that.

so why would they risk it?

that's logically right, which way we take the exchanges site will benefits from our transaction so why would they take the risk of turning scam?
unless we are using untrusted site maybe that's possible but with those exchange that already gaining big profits from our trade activity will be more happier with what is happening right now regarding to the rise up of btc.

Theoretically it's much more worthful to continue operating forever than scamming customers money. But on the internet there aren't faces, an exchange owner can scam their customers and come back next month with a new site... Nobody will know it's the same person, the only difficult would be to build the reputation again, maybe because of reputation people think twice before doing things like that.

And we are talking about a big profit, a fast opportunity that could not happen so fast again. It's like all profit made after years operating the exchange (fees income) in one hour. Humans are greedy and chances of profit like this can change people's mind for the evil side.

Caladonian

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Quote from: arklan on May 01, 2017, 10:33:04 PM

think of a gold rush in the old days: who made more money? the guys digging for gold in the hills, or the guys selling shovels?

right, shovel sellers.

and exchanges profit for every single trade. you buy, they take a fee. you sell, that means someone else buys, so they take a fee. and this happens on every transaction, thousands of times an hour.

therefore, it's in their best interests to keep operating and to be legitimate. doing so, there's only one outcome - growth and wealth. doing otherwise risks that.

so why would they risk it?

that's logically right, which way we take the exchanges site will benefits from our transaction so why would they take the risk of turning scam?
unless we are using untrusted site maybe that's possible but with those exchange that already gaining big profits from our trade activity will be more happier with what is happening right now regarding to the rise up of btc.

kolloh

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I don't think the exchanges would really have a reason to prevent you from selling your coins if you wanted to. The exchanges make their profits from fees on the trading so they are making money due to volume and the price doesn't really matter to them.

Sadlife

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That would be amazing if bitcoin price surges to $3000 in just an hour, i think allowing bitcoin to sell when it reaches to that price will be profitable for them if they take a fee for every single trade made and they even might will also increase their withdrawal fees.
if it happens i could just store bitcoin in an wallet and let it increase.

madwica

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Quote from: mrcash02 on May 01, 2017, 10:08:06 PM

Quote from: MingLee on May 01, 2017, 09:51:48 PM

Quote from: mrcash02 on May 01, 2017, 08:53:44 PM

If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.

Do you agree with this?

What?
Why would the exchanges not allow for their users to sell their Bitcoins in the event of something like this? You almost never sell to the exchange itself, always to other people. If others are buying it for that value, then the exchange should just let it happen since it doesn't affect them.
Are you sure you know how most exchanges work? You're kind of making me think you think that you only ever sell to the exchange.

I saw days ago a thread about exchanges legitimacy. Some people think it's just a question of time until all exchanges close and scam its users. With a big pump on Bitcoin price, the exchange owner's could imagine a possibility of high fast profit, principally if they have a big Bitcoin volume on their site, under their control.

The transactions could be freezed, they could use the user's Bitcoins to make profit for themselves, selling and buying again later cheaper on another exchange for an example... Or, the worse scenary, they could scam everyone and make all the profit for themselves. I'm not saying it will happen, it's just a possibility on the situation Bitcoin pumps a lot in a small time period, and I'm asking what you think about it.

If that would happen it would have big effect in bitcoin community many users will disappoint if they do not sell their bitcoin and they do not get income from it.

That is why i think much better to keep your bitcoin in the wallet than in an exchange it much secured.
And i am agree that the exchange will turning to scam has a big possibility because they do not like to lost lot of money that is why they will take away our money and never coming back.

arklan

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think of a gold rush in the old days: who made more money? the guys digging for gold in the hills, or the guys selling shovels?

right, shovel sellers.

and exchanges profit for every single trade. you buy, they take a fee. you sell, that means someone else buys, so they take a fee. and this happens on every transaction, thousands of times an hour.

therefore, it's in their best interests to keep operating and to be legitimate. doing so, there's only one outcome - growth and wealth. doing otherwise risks that.

so why would they risk it?

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