I'm sure we are all aware of the 'troubles' that Poloniex had this last 24 hours. During that huge market crash there were serious lagging issues, a lot of missed trades and reports of DDoS attacks at the exchange. A lot of traders lost a lot of money because the exchange could not cope with the volume. In summary, Poloniex was a nightmare.
My question; would a trader have been better off if they had taken their altcoins to Bittrex instead? I mean Bittrex or smaller exchanges in general. Perhaps it is possible to escape the mad crush by quietly slinking off to a less popular exchange.
Does anybody out there know...
How did Bittrex perform during the crash?
How did other small exchanges perform during the crash?
Are there any other price implications of selling your altcoins at a smaller exchange such as Bittrex?
My question; would a trader have been better off if they had taken their altcoins to Bittrex instead? I mean Bittrex or smaller exchanges in general. Perhaps it is possible to escape the mad crush by quietly slinking off to a less popular exchange.
Does anybody out there know...
How did Bittrex perform during the crash?
How did other small exchanges perform during the crash?
Are there any other price implications of selling your altcoins at a smaller exchange such as Bittrex?
Best is to use both.
I am sure traders already know this and not use just both but also more. There are also decentralized exchanges kicking in.
For people like me that dont day trade, is best to just stay away as soon as do whatever trade I do. I am glad that was so much FUD last 2 days so I started pulling out my coins, lately way to many stacked there
It is time to make few more paper wallets.