Nobody Can Have Benefit From a Big Pump - page 4.

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Quote from: mrcash02 on May 01, 2017, 07:53:44 PM

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.

I do not think exchanges' working model is as per your thinking. exchanges are just matching buyers and sellers and hence they will not be in losses if they are allowing you to sell at higher prices. They will be still earning from the fee which is being paid for every buy/sell order execution.

If there is an exchange model where we are buying/selling only with the exchange house (not with another trader), then your point has valid reason. But exchanges are working as a market place where we can find buyers/sellers.

yrreg ger

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Quote from: mrcash02 on May 01, 2017, 07:53:44 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 don't think that this will happen. It not easy to raise the price of bitcoin in just one time, days or month will count to happen your idea.

Or if it will happen, I think it depends on the user on what kind of strategies they have to sell their bitcoin. They will turn to greediness because of unexpected price that they encounter. They all wants a big profit, even the investor have a plan to get more profits. So the exchanger have no care about this, they can get also a profit.

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Quote from: mrcash02 on May 01, 2017, 07:53:44 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 do not agree with it, they have already speculated that and have made plans on how to treat if that event will come.
In our local exchange when the price of bitcoin reach to $2,000 they change the rate of selling and buying, they increase the selling rate with 10% based on the standard selling price while the buying rate is really high and people are complaining because they have to pay a higher amount which is above the standard buying rate.

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Quote from: HaXX0R1337 on May 31, 2017, 05:12:04 PM

Quote from: Barbut on May 31, 2017, 02:49:34 PM

Quote from: HaXX0R1337 on May 31, 2017, 01:37:04 PM

What does any exchanges has to do with the users selling the coins when the price increases,if there are buyers then you could sell the coins,in the recent weeks the price of all the alt coins increased almost all of the major exchanges had a problem handling the traffic and most of them were under DDOS ,other than that the exchanges wont prevent us from selling our coins.

All people here are right about exchanges, no one can stop you from selling bitcoins, but let me ask you about demand for bitcoins on that price? Who is buying on that price? Maybe couple accidental cases, but majority of bitcoins are just sitting there and no one is buying when pump is obvious.
Probably just few people are making profit when price is rising, maybe exchanges have a deal with few people and just they sell in this moments if there is any demand.

The reason behind the rally we saw for the past few months is because the Japanese market legalized bitcoin and we saw a number of huge investments and business coming out of Japan as well as other countries and more countries are starting to accept bitcoin and these are the core reasons for the increase in price and not because of exchange admins manipulating the price. Tongue

The admins of the exchanges doesn't have enough bitcoin for manipulation because their markets are all decentralized because they are using decentralized currencies so there is no chance for them to manipulate the price of the currencies there and the only thing that they can do is to maintain their site, Bitcoin price is always depending in the demand and not manipulation.

HaXX0R1337

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Quote from: Barbut on May 31, 2017, 02:49:34 PM

Quote from: HaXX0R1337 on May 31, 2017, 01:37:04 PM

What does any exchanges has to do with the users selling the coins when the price increases,if there are buyers then you could sell the coins,in the recent weeks the price of all the alt coins increased almost all of the major exchanges had a problem handling the traffic and most of them were under DDOS ,other than that the exchanges wont prevent us from selling our coins.

All people here are right about exchanges, no one can stop you from selling bitcoins, but let me ask you about demand for bitcoins on that price? Who is buying on that price? Maybe couple accidental cases, but majority of bitcoins are just sitting there and no one is buying when pump is obvious.
Probably just few people are making profit when price is rising, maybe exchanges have a deal with few people and just they sell in this moments if there is any demand.

The reason behind the rally we saw for the past few months is because the Japanese market legalized bitcoin and we saw a number of huge investments and business coming out of Japan as well as other countries and more countries are starting to accept bitcoin and these are the core reasons for the increase in price and not because of exchange admins manipulating the price. Tongue

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Quote from: HaXX0R1337 on May 31, 2017, 01:37:04 PM

What does any exchanges has to do with the users selling the coins when the price increases,if there are buyers then you could sell the coins,in the recent weeks the price of all the alt coins increased almost all of the major exchanges had a problem handling the traffic and most of them were under DDOS ,other than that the exchanges wont prevent us from selling our coins.

All people here are right about exchanges, no one can stop you from selling bitcoins, but let me ask you about demand for bitcoins on that price? Who is buying on that price? Maybe couple accidental cases, but majority of bitcoins are just sitting there and no one is buying when pump is obvious.
Probably just few people are making profit when price is rising, maybe exchanges have a deal with few people and just they sell in this moments if there is any demand.

angaper

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Quote from: maydna on May 28, 2017, 06:57:54 PM

Quote from: freedomno1 on May 28, 2017, 06:37:57 PM

Quote from: mrcash02 on May 01, 2017, 07:53:44 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?

Exchanges do not care the question is how much load the server can handle, if the price spiked and a lot of users all tried to sell at once it is possible the server would treat it as a DDOS and shut down the users.
In that case the people with active limit orders at high profits will likely be the ones to profit as long as the market engine is still functioning that is.

But for fun the real answer is someone sold and the price went down someone made a profit somewhere ^^.

yes its happen with poloniex in several times when the site got overload visitor. its really hard to follow the site if over loaded but i think my solutions is we can place an order sell to anticipate when the price is getting pump like before so we don't have to be late to sell our coins and we can get benefits from the pump itself. i have seen that my solutions is works for me and i can make nice profit because of this and i think i will do it again for another time.

It has happened to me many times in Poloniex that when an altcoin suddenly experiences a big pump, it does not allow me to sell or eventually its platform suffers some technical problems to connect and carry out that operation. In these cases it has been difficult for me to take advantage of these massive and unexpected pumps, however I have been able to capitalize these pumps only if the price remains stable at that level for a relatively long period of time, otherwise it is really difficult to catch the best price in an instant transaction.

HaXX0R1337

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What does any exchanges has to do with the users selling the coins when the price increases,if there are buyers then you could sell the coins,in the recent weeks the price of all the alt coins increased almost all of the major exchanges had a problem handling the traffic and most of them were under DDOS ,other than that the exchanges wont prevent us from selling our coins.

alexsamudra

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If the exchange has a reason that prevents selling your coins, if you want her to sell the coins.
A trade that makes money because of its vulnerability and its price is not too important for those who want it.

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Quote from: Obito on May 31, 2017, 09:29:02 AM

Quote from: mrcash02 on May 01, 2017, 07:53:44 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?

Indeed, I guess the only will benefit is the peolpe who are holding their bitcoin for a long time because they will sure get a high profit. On the other hand the person will be frustrate are traders because as long as bitcoin growing some altcoins will fall that badly. It is tough to trade your altcoins into bitcoin since its price is high.

I think he is telling about that exchanges will stop the trading when the price is going high in short time. and it is correct that when the price goes sudden high that time this all exchanges will stop the deposit and make the exchange available for only users who have got bitcoin on their exchange wallet. But their are some local exchanges where you can trade for fiat currency on this type of time when the market goes high suddenly you can sell the bitcoin for fiat currency so that if the price goes down that time you can buy back.

LuanX3

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Quote from: Obito on May 31, 2017, 09:29:02 AM

Quote from: mrcash02 on May 01, 2017, 07:53:44 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?

Indeed, I guess the only will benefit is the peolpe who are holding their bitcoin for a long time because they will sure get a high profit. On the other hand the person will be frustrate are traders because as long as bitcoin growing some altcoins will fall that badly. It is tough to trade your altcoins into bitcoin since its price is high.

Yes that is true, and those people who are waiting for their coins to go up. If you did not buy at the lower prices then that means you'll likely not get anything from a pump that's a fact we all have to know. If you want some benefits from pumps, you have to predict it, which is hard. Super hard!

Obito

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Quote from: mrcash02 on May 01, 2017, 07:53:44 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?

Indeed, I guess the only will benefit is the peolpe who are holding their bitcoin for a long time because they will sure get a high profit. On the other hand the person will be frustrate are traders because as long as bitcoin growing some altcoins will fall that badly. It is tough to trade your altcoins into bitcoin since its price is high.

Gaaara

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Quote from: mrcash02 on May 01, 2017, 07:53:44 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?

It works for some exchanges like what we have in our country, they follow every movement of the bitcoin price so we can see that we are getting some profit wile the price is pumping up. Its a wallet that only exchanges PHP (Philippine peso) to btc or reverse, so we can instantly sell our bitcoin if we get some profit from the pump.

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Quote from: Golftech on May 31, 2017, 08:02:09 AM

Quote from: MMysterious on May 31, 2017, 07:52:41 AM

Quote from: Sadlife on May 01, 2017, 09:46:26 PM

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.

I would do the same thing if ever that will happen overnight. If withdrawal fees would increase too then I'd rather store bitcoins as of now and probably withdraw them if I really need to.

Yeah with how quick the value went thru I personally think the same way if bitcoin can go high up to 5k $ it will be very profitable for both traders and exchange site I'm sure they really needed to think wiser and never do some confusion in order for both ends to be happy and satisfy.

I guess you people are talking about what happened with poloniex in recent times when most of the crypto currency prices were rising. But I do see it is as a peculiar incident and we cannot expect the same thing each and every time when there will be some heavy pumping will be happening. Literally exchanges will not be having any control over our orders other than matching buying and selling orders.

For an exchange to maintain their reputation they must be having enough bandwidth to handle any number of traffic and sufficient protections against DDOS attacks. Hope now a days all the exchanges are having these and we can expect smooth trading all the times regardless of heavy pump or dump.

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Quote from: MMysterious on May 31, 2017, 07:52:41 AM

Quote from: Sadlife on May 01, 2017, 09:46:26 PM

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.

I would do the same thing if ever that will happen overnight. If withdrawal fees would increase too then I'd rather store bitcoins as of now and probably withdraw them if I really need to.

Yeah with how quick the value went thru I personally think the same way if bitcoin can go high up to 5k $ it will be very profitable for both traders and exchange site I'm sure they really needed to think wiser and never do some confusion in order for both ends to be happy and satisfy.

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Quote from: Sadlife on May 01, 2017, 09:46:26 PM

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.

I would do the same thing if ever that will happen overnight. If withdrawal fees would increase too then I'd rather store bitcoins as of now and probably withdraw them if I really need to.

Xester

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Quote from: Nahl on May 31, 2017, 01:33:32 AM

during trade for bitcoin i only use local exchange and never use other exchange however i never seen overload visitors in this site even when the price was pumped just like several days ago and i think this is not fair that if exchange doesn't allow users to sell their bitcoin when it was pumped because the pumped are the things that have been eagerly awaited for every traders so for me there is an exchange doesn't allow this i might leave or avoid them

I have made some researched that it was actually happening to some exchanges. The problem is not due to the price increase and that it was orchestrated by the site. Rather, there was an overloading of trading transactions and the system could not catch up anymore which resulted to non-functional buy and sell features. Others have experienced a pending withdrawals due to a large traffic of transactions in mempool.

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during trade for bitcoin i only use local exchange and never use other exchange however i never seen overload visitors in this site even when the price was pumped just like several days ago and i think this is not fair that if exchange doesn't allow users to sell their bitcoin when it was pumped because the pumped are the things that have been eagerly awaited for every traders so for me there is an exchange doesn't allow this i might leave or avoid them

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Quote from: freedomno1 on May 28, 2017, 06:37:57 PM

Quote from: mrcash02 on May 01, 2017, 07:53:44 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?

Exchanges do not care the question is how much load the server can handle, if the price spiked and a lot of users all tried to sell at once it is possible the server would treat it as a DDOS and shut down the users.
In that case the people with active limit orders at high profits will likely be the ones to profit as long as the market engine is still functioning that is.

But for fun the real answer is someone sold and the price went down someone made a profit somewhere ^^.

yes its happen with poloniex in several times when the site got overload visitor. its really hard to follow the site if over loaded but i think my solutions is we can place an order sell to anticipate when the price is getting pump like before so we don't have to be late to sell our coins and we can get benefits from the pump itself. i have seen that my solutions is works for me and i can make nice profit because of this and i think i will do it again for another time.

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Quote from: mrcash02 on May 01, 2017, 07:53:44 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?

Exchanges do not care the question is how much load the server can handle, if the price spiked and a lot of users all tried to sell at once it is possible the server would treat it as a DDOS and shut down the users.
In that case the people with active limit orders at high profits will likely be the ones to profit as long as the market engine is still functioning that is.

But for fun the real answer is someone sold and the price went down someone made a profit somewhere ^^.

Topic: Nobody Can Have Benefit From a Big Pump - page 4. (Read 8275 times)