Exchangers will not change a thing, coz they actually do not care of crypto prices, they earn on fees and that's the only thing they care about. But crypto newbies really can loose control on such falls and they may start to sell their coins and that will move the price even lower.
Sometimes or mostly, newbie in crypto trading make a wrong decision cause of the lost emotion when bitcoin goes down like this past few days. If this continue, they will lose more and never learn anything but regret memories. 
Topic: Will exchanges have learnt anything from this bubble? - page 2. (Read 331 times)
this is actually why I think regulation for exchanges can be a good thing. they may be forced to follow some industry standards in order to operate and also it definitely increases their trustworthiness and because of that the market can grow a lot bigger and consequently the manipulation and volatility will be reduced. it is like a chain reaction...
I don't think it's a case of failing standards in most cases, it's just being overwhelmed.
You can't legislate enough customer service reps into existence. Ultimately it has to be paid for by someone and there won't be enough people using the exchanges to do it. By the time all those reps can be paid for and are vital it'll be too late and we'll have the same situation but possibly many degrees more insane.
Unless exchanges come under the wing of much, much bigger organisations with people in place already to spare I dunno how this problem will be addressed.
The exchanges having the high number of customer service executives also did not give the right response to the traders and part time buyers when there is any issue at the trades already done.
Then exchanges does not need to learn about this bubble. Already number of visits on the all top crypto currency exchanges has been reduced than 40 percent when compare with the last month same day.
this is actually why I think regulation for exchanges can be a good thing. they may be forced to follow some industry standards in order to operate and also it definitely increases their trustworthiness and because of that the market can grow a lot bigger and consequently the manipulation and volatility will be reduced. it is like a chain reaction...
I don't think it's a case of failing standards in most cases, it's just being overwhelmed.
You can't legislate enough customer service reps into existence. Ultimately it has to be paid for by someone and there won't be enough people using the exchanges to do it. By the time all those reps can be paid for and are vital it'll be too late and we'll have the same situation but possibly many degrees more insane.
Unless exchanges come under the wing of much, much bigger organisations with people in place already to spare I dunno how this problem will be addressed.
Exchangers will not change a thing, coz they actually do not care of crypto prices, they earn on fees and that's the only thing they care about. But crypto newbies really can loose control on such falls and they may start to sell their coins and that will move the price even lower.
Looks like we're on our way to hell for now at least.
to hell? I say we are headed to heaven with all the discount we are getting 
Quote
There probably won't be a legit bull run for a decent length of time now.
I completely agree with this.Quote
With this in mind do you reckon that exchanges will be ready for the next one or will there even more seizures, crapping out and closures to new users?
nothing about exchanges is going to change as long as we don't demand it from them. and so far it seems like people are satisfied with the crappy, unsafe, and untrusted services all the exchanges are offering them!this is actually why I think regulation for exchanges can be a good thing. they may be forced to follow some industry standards in order to operate and also it definitely increases their trustworthiness and because of that the market can grow a lot bigger and consequently the manipulation and volatility will be reduced. it is like a chain reaction...
Looks like we're on our way to hell for now at least. There probably won't be a legit bull run for a decent length of time now. When the next one comes it will dwarf the one we've just witnessed just as 2013 was this time.
With this in mind do you reckon that exchanges will be ready for the next one or will there even more seizures, crapping out and closures to new users?
With the way crypto explodes and then dies I really don't see how any exchange can afford to train and employ enough people to be ready for something that may be months or years away. If volumes are pitiful then there aren't enough earnings to prepare and employ them in wait.
Bigger companies such as Circle are coming on board, but Circle themselves dropped BTC retail when interest died off.
So will they do it right or will we get more of the same?
With this in mind do you reckon that exchanges will be ready for the next one or will there even more seizures, crapping out and closures to new users?
With the way crypto explodes and then dies I really don't see how any exchange can afford to train and employ enough people to be ready for something that may be months or years away. If volumes are pitiful then there aren't enough earnings to prepare and employ them in wait.
Bigger companies such as Circle are coming on board, but Circle themselves dropped BTC retail when interest died off.
So will they do it right or will we get more of the same?
I really doubt that they'll make any major changes to their business model.
The rally that we saw last year really brought out the worst in exchanges. For example, you've got poloniex and bittrex which were previously pretty trustworthy exchanges have people completely lose faith in them because of the fact that they've got no support. Cex.io closed new registrations for a bit, numerous other exchanges are having issues as well.
But at the end of the day, they're still making money from fees and commissions. Plus, the new regulations are not in their control, and governments are more likely to act when the prices are going up.
I predict a move towards p2p trading and decentralised exchanges over the next few years, instead of current exchanges doing any better.
There is no such a thing as legit bull runs, there never has been. Each bull run we experienced created a fake sense of increased popularity, while in reality of nothing really has changed. Exchanges will never be able to completely adapt to the situation, because as pointed out, the hypes attracting people to sign up always fades away after a while, and that makes exchanges not upgrade too far ahead, which directly explains why they are reluctant to pump big capital into expanding their operations. Coinbase and a few other services have experienced numerous days where more than 100,000 people signed up, but I very much doubt that even 10% of that number actually end up walking themselves through the verification process. Overall, exchanges just try to balance everything in a way where they are still able to somewhat cope with the increased demand, but not in a way they have to break their bank for it. Quite often we keep hammering too hard on exchanges, which in some cases is well justified, but in some cases also not.
Basing into your presumptions i dont even believe that it would reach out 10% for people who would really comply such KYC policy.I would rather believe that only 5% would go though.For the on the current situation of the market,im sure they are already thinking of this thing thats why same as you said they dont really put up big amounts to extent this business.Why? They do know the risk when the market goes upside down. We are going down as of now an i would really observe each exchanges behavior into this one.
There is no such a thing as legit bull runs, there never has been. Each bull run we experienced created a fake sense of increased popularity, while in reality of nothing really has changed. Exchanges will never be able to completely adapt to the situation, because as pointed out, the hypes attracting people to sign up always fades away after a while, and that makes exchanges not upgrade too far ahead, which directly explains why they are reluctant to pump big capital into expanding their operations. Coinbase and a few other services have experienced numerous days where more than 100,000 people signed up, but I very much doubt that even 10% of that number actually end up walking themselves through the verification process. Overall, exchanges just try to balance everything in a way where they are still able to somewhat cope with the increased demand, but not in a way they have to break their bank for it. Quite often we keep hammering too hard on exchanges, which in some cases is well justified, but in some cases also not.
Looks like we're on our way to hell for now at least. There probably won't be a legit bull run for a decent length of time now. When the next one comes it will dwarf the one we've just witnessed just as 2013 was this time.
With this in mind do you reckon that exchanges will be ready for the next one or will there even more seizures, crapping out and closures to new users?
With the way crypto explodes and then dies I really don't see how any exchange can afford to train and employ enough people to be ready for something that may be months or years away. If volumes are pitiful then there aren't enough earnings to prepare and employ them in wait.
Bigger companies such as Circle are coming on board, but Circle themselves dropped BTC retail when interest died off.
So will they do it right or will we get more of the same?
With this in mind do you reckon that exchanges will be ready for the next one or will there even more seizures, crapping out and closures to new users?
With the way crypto explodes and then dies I really don't see how any exchange can afford to train and employ enough people to be ready for something that may be months or years away. If volumes are pitiful then there aren't enough earnings to prepare and employ them in wait.
Bigger companies such as Circle are coming on board, but Circle themselves dropped BTC retail when interest died off.
So will they do it right or will we get more of the same?
Other side China and Russia planning to make the bitcoin as a legal currency. But here we see the bitcoin and other alts started dumping in the market. It reaches more than 7k USD when use the price range on the 2015 time to now.
Newbie investors may fear about the fund they have invested already here. So they may sell the bitcoins when there is little bump and does not have the knowledge to understand it will bump back in the market. Please do not disappoint yourself. Keep hodl the funds mate.
Looks like we're on our way to hell for now at least. There probably won't be a legit bull run for a decent length of time now. When the next one comes it will dwarf the one we've just witnessed just as 2013 was this time.
With this in mind do you reckon that exchanges will be ready for the next one or will there even more seizures, crapping out and closures to new users?
With the way crypto explodes and then dies I really don't see how any exchange can afford to train and employ enough people to be ready for something that may be months or years away. If volumes are pitiful then there aren't enough earnings to prepare and employ them in wait.
Bigger companies such as Circle are coming on board, but Circle themselves dropped BTC retail when interest died off.
So will they do it right or will we get more of the same?
With this in mind do you reckon that exchanges will be ready for the next one or will there even more seizures, crapping out and closures to new users?
With the way crypto explodes and then dies I really don't see how any exchange can afford to train and employ enough people to be ready for something that may be months or years away. If volumes are pitiful then there aren't enough earnings to prepare and employ them in wait.
Bigger companies such as Circle are coming on board, but Circle themselves dropped BTC retail when interest died off.
So will they do it right or will we get more of the same?
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