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You can get USD for BTC right now, you've been able to get if for nearly a decade and there have never been as many reputable exchanges as there are now.

by ric2b 6y ago

TylerE 6y ago
The exchanges tend to "go down for maintenance" on any big price swing.
- mthoms 6y ago
  Evidence? I've been in crypto a long time and have never experienced this. I'm not saying it's never happened, but implying it's some sort of repeating pattern is simply false.
  - TylerE 6y ago
    https://news.bitcoin.com/crypto-exchanges-overwhelmed-on-bitcoins-most-volatile-day-of-the-year/ https://news.bitcoin.com/crypto-exchanges-overwhelmed-on-bit... https://www.forbes.com/sites/billybambrough/2020/05/20/sudden-major-outage-sparks-serious-bitcoin-exchange-warning/?sh=c159e383a706 https://www.forbes.com/sites/billybambrough/2020/05/20/sudde... https://cryptopotato.com/bitfinex-offline-goes-in-unscheduled-maintenance-on-the-day-bitcoin-crashes-2000/ https://cryptopotato.com/bitfinex-offline-goes-in-unschedule...
    - mthoms 6y ago
      You said they "tend go down for maintenance" on "any big price swings" but were only able to muster one example of one exchange going down "for maintenance" on one price swing (Bitfinex). The others, as the articles point out, were trade volume related (which is also a problem, but much less sinister). There's no evidence this is some kind of grand conspiracy like you implied. There's plenty to criticise in Crypto, but little evidence for what you actually claimed.
      - TylerE 6y ago
        You're moving the goalposts. A day when everyone is trying to get their "money" out is the definition of a high volume day.
        mthoms 6y ago
        No, I'm not challenging the premise, I'm challenging your framing. Your comment implied sinister intent: That exchanges go offline at key times in order to scam people. No evidence was provided of that. The sources you provided point to technical problems that are perfectly understandable during a massive, unpredicted surge in such a technically complex field.
        TylerE 6y ago
        There is a long history of exchanges explicitly scamming people. Way beyond giving them the benefit of the doubt at this point.

You can get USD for BTC right now, you've been able to get if for nearly a decade and there have never been as many reputable exchanges as there are now.

by ric2b 6y ago

You can get USD for BTC right now, you've been able to get if for nearly a decade and there have never been as many reputable exchanges as there are now.

TylerE 6y ago

The exchanges tend to "go down for maintenance" on any big price swing.

mthoms 6y ago
Evidence? I've been in crypto a long time and have never experienced this. I'm not saying it's never happened, but implying it's some sort of repeating pattern is simply false.
- TylerE 6y ago
  https://news.bitcoin.com/crypto-exchanges-overwhelmed-on-bitcoins-most-volatile-day-of-the-year/ https://news.bitcoin.com/crypto-exchanges-overwhelmed-on-bit... https://www.forbes.com/sites/billybambrough/2020/05/20/sudden-major-outage-sparks-serious-bitcoin-exchange-warning/?sh=c159e383a706 https://www.forbes.com/sites/billybambrough/2020/05/20/sudde... https://cryptopotato.com/bitfinex-offline-goes-in-unscheduled-maintenance-on-the-day-bitcoin-crashes-2000/ https://cryptopotato.com/bitfinex-offline-goes-in-unschedule...
  - mthoms 6y ago
    You said they "tend go down for maintenance" on "any big price swings" but were only able to muster one example of one exchange going down "for maintenance" on one price swing (Bitfinex). The others, as the articles point out, were trade volume related (which is also a problem, but much less sinister). There's no evidence this is some kind of grand conspiracy like you implied. There's plenty to criticise in Crypto, but little evidence for what you actually claimed.
    - TylerE 6y ago
      You're moving the goalposts. A day when everyone is trying to get their "money" out is the definition of a high volume day.
      - mthoms 6y ago
        No, I'm not challenging the premise, I'm challenging your framing. Your comment implied sinister intent: That exchanges go offline at key times in order to scam people. No evidence was provided of that. The sources you provided point to technical problems that are perfectly understandable during a massive, unpredicted surge in such a technically complex field.
        TylerE 6y ago
        There is a long history of exchanges explicitly scamming people. Way beyond giving them the benefit of the doubt at this point.