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RE: Crazy BTC dump and BCH pump! Exchanges Frozen

in #bitcoin4 years ago

Yeah right now Coinbase is just about down I have a feeling something went really heywire when they just released BCH. Nothing like flooding the BCH market with millions of BCH coins and then some how they price sky rockets? lol literally makes no sense at all

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It makes perfect sense. No one in their right mind would dump BCH for BTC with the current state of BTC tx fees, especially considering there's no end in sight to BTC's scaling troubles.

Half the time these price moves (all coins) make no sense at all. LOL

Amen

Half time? or most of the time? LOL

Pretty much all the time. It is like rolling dice!

Food for thought, sometimes I wonder is the blockchain or the hosting site that is congested.

From a technical point of view, as an entity like a coinbase, they should have the capacity to scale their hosting site to meet the traffic demand. Millions of user is not even near to any fraction of what facebook is bomb at.

If it were the blockchain that is slowing it down, the hosting site shouldn't be freezing.

Technically when you send coins to the exchange, the exchange will cold store your coins and in return gives you their token of a representation of that coin you sent. Likewise for fiat. So, when you buy and sell, you are technically trading the exchange fiat token instead of the real coins and fiat.

yup, that make sense. I have once encounter trying to buy coin, yet got denied. Is frustrating. Likely was due to how popular the coin is and they run out of token, or reserving not to let us ride on the bull wave.