Here's a question - When the site went down there would have been quite a few sell orders in. We'll use MINT as an example.
When the markets were paused yesterday, there were sell orders for mint at around 0.0000034. Current value on Cryptsy is about 0.00000040.
Will coinmarket remove all sell orders when markets are resumed? Seems pretty harsh on anyone that had sell orders in when the markets paused as they'll lose out.
If it's like the last time, you can still cancel your orders, even if you can't place any new ones.
I hope that's the case. I'm lucky and don't have any sell orders in, but there might be people sleeping / working etc that might not be able to get back in time to cancel their sell orders. IMO, when there is an extended outage (more than an hour maybe) all sell orders should be cancelled automatically.
well then they should cancel all orders no?
wouldnt it suck if you had a buy, for something that went into the gutter.
sure.. sure it trades at the best possible price.. but while i might want 'panda" today, I might not want the same coin tomorrow(just using them as an example due to drama)
However there are still some that would be annoyed by cancels. Say you were set up in rdd.. with an early sale 1 btc on 9.. there are 10btc on 9. if it gets to 9 yours trades first.. but if all orders get cancled.. and you come back, even with no moovement you could be screwed if everyone set themselves back up quicker than you and suddenly you are at the end of that 10btc line.
But still I think with extended downtime they should cancel all orders and let the site come back with everyone with the coins in the wallet.
What you say is true - it's definitely a tough one and you can't please everyone.
Also, SITE IS BACK UP AND YOU CAN WITHDRAW FUNDS.