any reason why wallets are locked on Bittrex ? Just regular maintenance ?
And will the price go down when they unlocked them ?
Maybe your account is not verified check it
I would say that the Wallets on Bittrex and on hitbtc and any other exchange that is higher than poloniex because they want to keep anyone from buying on one exchange say poloniex at $.06 and selling it at hitbtc at $.15 into btc and sending it back to poloniex and doing it again. Poloniex wallet is running just fine but it is also trading at the lowest price.
Nope, the disabled wallet is the reason for the price difference and not the other way around
I agree. Price run ups happen when a wallet goes down for maintenance (maybe not all the time, but it has happened a few times that I have seen (e.g., XP on coinexchange recently), but I would think the opposite would happen. Disabling a wallet should cause ppl to sell on the given exchange, not buy.
Well it depends.
If the wallet goes on maintenance on an exchange with the largest share of trading and than price starts to rise, the difference won't be so big, because there is a large supply for trading.
But if some minor exchange block the wallet, then the price skyrockets because the demand is higher than supply.
Happened with TRX on HitBTC, which only had 1% of day trade, so the price was 150% of the price in Bittrex.
So I sold TRX on Hitbtc, transferer LTC to Bittrex and bought the same amount of TRX with 1/3 of money left to spend 😀