'Exchanges are crippled to the core'...I'm not 100% sure what you mean by that but I am worried about getting my coins sold on the exchanges when the time may come. I worry about them crashing at times when people want to sell, about them getting hacked & about the withdrawal limits they impose. I wish there was somewhere 'dependable' where I could sell....that they were like most stockbrokers where you can sell right away & have the money back in your account in a couple of days with no withdrawal limits imposed.
You just described perfectly what he meant. I wonder how many trades didn't happen because either exchanges crapped out during the trade, or people simply couldn't get on to them.
The problem is that to be as smooth as a stockbroking website they'd need tons more staff and tons more capacity. Crypto is so fickle that if the market went quiet they'd be ruined.
I agree with you and the above completely. The exchanges are a huge issue. I don't really know how it can be solved but in the state they're in it's not reassuring to be dependent on them.
I think this is one of the biggest reasons each time the growth cycle implodes, the cryptomarket infrastructure always buckle under the influx of newbs and the supply of fresh cash dries out.