Stable exchange? | Bitcointalksearch.org

Yuuto

hero member

Activity: 644

Merit: 501

Quote from: care2yak on February 06, 2018, 03:40:53 AM

Bitcoin price might be taking a deep dive and we can just speculate about when a rebound will occur.

With this dip, how would exchanges fare? Would this cause exchanges to declare bankruptcy? Which of the top exchanges do you think, is stable and can withstand a really deep bitcoin price dive?

Exchanges will continue on with their business... Any price hikes or drops won't affect them in anyway.

The people that are losing money are the people that are storing cryptos on these exchanges. Exchanges take a net 0 house position. Think of them as an escrow. Whatever happens they'll get their share of money.

And the real people at risk here with a price dive would be the buyers/sellers, who are speculating on the price going up/down.

reflector

sr. member

Activity: 826

Merit: 263

Quote from: okissabam on February 09, 2018, 11:37:57 AM

Although the choices given is good and some might be okay but for me Bittrex is a stable exchange in my opinion too which was not included on the list. Most of the trading sites are really not secured but they are manageable.

I too support the Bitrex site. I see every coin value more than any other site in the bitrex site. That you can directly check on the coinmarketcap to understand the value in every top altcoins in the market on bitrex site.
However, value will be fluctuate all the time and moreover the coins value will be different on every trading sites.

okissabam

sr. member

Activity: 700

Merit: 250

Although the choices given is good and some might be okay but for me Bittrex is a stable exchange in my opinion too which was not included on the list. Most of the trading sites are really not secured but they are manageable.

madwica

hero member

Activity: 714

Merit: 531

Quote from: drmarcobelli on February 09, 2018, 08:37:57 AM

I'll eat my words lol
Even Binance is not that stable. Being down for more than 24h is just ridiculous.
Pretty sure people that didn't backed out their orders, lost some cash.

Yes this is the first time i experience that such maintenance in binance that was too long, i feel i lost more profit because of that because i cant control my coins and i see that many coins are now dropping its value too deep which is the right value to buy them and hold in few period of time.

And some exchange in a poll is stable based on my experience.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: onebtcforlife on February 09, 2018, 05:27:20 AM

Better always consider the exchanges who are always accurate in the market in terms Deposits, Withdrawal, and Support Systems.

If that's your base requirement (which in normal times is a very decent indicator), then you can write off basically all top tier exchanges. All exchanges suffer from issues concerning deposits, withdrawals, verification taking ages to be approved, etc. One thing they have all in common, is that they suck big time in terms of their support. If it was just one exchange not being able to catch up properly, then you could blame it for being incompetent, but it's the entire economical ecosystem badly struggling to move forward. In other words, this economical ecosystem is not ready to deal with this many users. For that reason it's perfectly understandable that the entire crypto market has taken a few large steps back in terms of its price. If you want to be valued high, you should reflect that, and in case you can't reflect that, it won't be sustainable and the market corrects, which happened.

drmarcobelli

member

Activity: 154

Merit: 11

Transforming the Global Shipping Industry

I'll eat my words lol
Even Binance is not that stable. Being down for more than 24h is just ridiculous.
Pretty sure people that didn't backed out their orders, lost some cash.

onebtcforlife

member

Activity: 420

Merit: 10

Most of the exchanges listed above are stable one but the things here is no exchange is perfect in some cases. Better always consider the exchanges who are always accurate in the market in terms Deposits, Withdrawal, and Support Systems.

ralle14

legendary

Activity: 3136

Merit: 1870

Metawin.com

Those exchanges listed on the poll looks stable enough to handle a crash/dip. If bitcoin's price starts to dip in the next couple of days it won't make them go bankrupt where they have to stop operations. I think all of them made more than enough money to cover their losses if things go south with bitcoin.

Quote from: OmegaStarScream on February 06, 2018, 06:07:06 AM

Quote from: care2yak on February 06, 2018, 04:23:17 AM

So you're like saying, those on that list can be trusted with our holdings, even if price takes a plunge?

I'm not saying that. You shouldn't trust an exchange for your holdings regardless of the price stability, always control your private keys.

Right. Just because an exchange can handle losses that doesn't mean they could be trusted with money. No exchange is safe from getting hacked.

leowonderful

legendary

Activity: 1624

Merit: 1129

Bitcoin FTW!

I've been using Binance recently and I've had zero issues with them. They're relatively new so it's hard to judge whether or not they're truly stable yet, but in the months I have traded with Binance things have been moving smoothly.

By volume they're also one of the largest exchanges, and there's no need for verification if you withdraw less than 1BTC daily IIRC. As a reminder, remember to never keep your money on exchanges. Whenever possible, withdraw your coins to an address you own (preferably to a hardware wallet) for maximum security.

makngeerwork

full member

Activity: 141

Merit: 100

???

Quote from: care2yak on February 06, 2018, 03:40:53 AM

Bitcoin price might be taking a deep dive and we can just speculate about when a rebound will occur.

With this dip, how would exchanges fare? Would this cause exchanges to declare bankruptcy? Which of the top exchanges do you think, is stable and can withstand a really deep bitcoin price dive?

Actually its hard to see and tell on which of the exchange are stable since if you look at the binance right now where supposed to be strong exchange you will find out that its so tricky to stick on what you have think stable. So If I where you just trade what you can afford to lose and always learn to secure your profits if that one came so that if exchange scamming will came you will not be a butt hurt kid seeking for justice.

arpon11

sr. member

Activity: 882

Merit: 282

I will said coinsbase will actually stand the clash as the amount of capital there holding is large and in the event of clash you will need such amount to be able to pay the investors or traders.bitstamp can also hold a big dump and I have been enjoying this exchanger platforms for long time. If Bitcoin have to remain viable in the world economic then these two exchange including poloniex has to remaining strong.

Catmony

hero member

Activity: 854

Merit: 500

Quote from: care2yak on February 06, 2018, 03:40:53 AM

With this dip, how would exchanges fare? Would this cause exchanges to declare bankruptcy? Which of the top exchanges do you think, is stable and can withstand a really deep bitcoin price dive?

Exchanges don't sell/buy coins for themselves. They are just intermediate platform where sellers can sell their coins and buyer can buy coins with their fiat. So even when price will be at 1$ exchanges can run like normally and they will keep earning same % of trading fee.

Exchanges will only declare bankruptcy when they get hacked.

pugman

legendary

Activity: 2383

Merit: 1551

dogs are cute.

This is not the first and last dip that we have seen. Exchanges love it when markets crash. They make easy buck due to panic selling because they need to have cryptos for the future, they take opportunity for such.
Bitfinex I'm not sure why they ruined their reputation down to the drains but other than that exchange, every other exchange is ok at least in terms of stability.

drmarcobelli

member

Activity: 154

Merit: 11

Transforming the Global Shipping Industry

Binance and only Binance.
They operate for like 7-8 months and already the top crypto exchange. So, they are probably doing some things right.
Screw Bittrex/polo..

h0lybyte

hero member

Activity: 924

Merit: 511

I am not sure about which exchanges can be stable whenever there is crash in bitcoin, as some members have experience with different exchanges, they suggest based on their trading transparency with them. However, to maintain security of your funds, you must use specific wallet like Trezor, Ledger as the exchanges may not be secure enough

deep_thought

jr. member

Activity: 63

Merit: 4

Location: Leningrad

Quote from: care2yak on February 06, 2018, 03:40:53 AM

Bitcoin price might be taking a deep dive and we can just speculate about when a rebound will occur.

With this dip, how would exchanges fare? Would this cause exchanges to declare bankruptcy? Which of the top exchanges do you think, is stable and can withstand a really deep bitcoin price dive?

Lets hope none of the exchanges declare bankruptcy, because that could affect all of us.
I dont think any of the exchanges you mention would have a problem because bitcoin price dived.
So theres no reason to worry.
Expect, Bitfinex... Cheesy

swogerino

legendary

Activity: 3136

Merit: 1233

Leading Crypto Sports Betting & Casino Platform

After the Mt.Gox saga which was the first exchange to file for bankruptcy and the owner of that site is in jail in Japan not a single exchange can be stable for an unlimited time. As for bitcoin price crash Poloniex is able to withstand it without problems because they make a lot of money only from the fees of the daily transactions occurring there and this money is more than 2 million dollars daily. The other exchanges too are stable in this regard but as to trust them with your coins that is not a very smart thing to do. Always be in control of your private keys because if you don't own your private keys , you don't own any bitcoin.

tora

member

Activity: 532

Merit: 13

The price of bitcoin does not have an effect on the stability of an exchange. It is turnover,ie the number of trades, that is important as that is where exchanges make their profit.

BitcoinGirl.Club

legendary

Activity: 2702

Merit: 2645

Farewell LEO: o_e_l_e_o

From what OP has listed i have used binance with no problems which is also one of the most used exchanges as of the first quarter of 2018 (imo) but with change of regulations going on almost everywhere its important we check that the exchange you choose to use is not affected by these adjustments as funds might get frozen until we comply with there T&Cs

bhadz

hero member

Activity: 2408

Merit: 564

Quote from: care2yak on February 06, 2018, 04:23:17 AM

So you're like saying, those on that list can be trusted with our holdings, even if price takes a plunge?

Are you trying to ask whether those exchanges are good for holding big amount of crypto's you have? If you are only planning to hold better to take a wallet that's reliable and you have assurance of safety. Prices are low now but if you plan to use exchanges for keeping your holdings there better that you shouldn't do that. Exchanges are good when you are about to take profits from your holdings but if you plan nothing but to hold buy an hardware or follow Omega's tip of having the private keys.

Topic: Stable exchange? (Read 237 times)