Exchanges are having trouble filling orders as bitcoin prices rise

[BitcoinXio]

Over the weekend the price of bitcoin has skyrocketed. It went from $584 on Saturday, $642 on Sunday, and to $703 USD as of this writing on Monday, a $119 increase in 48 hours. With the huge spike, it seems that bitcoin exchanges are having a hard time keeping up with the volume.

Read more: http://bitcoinx.io/news/articles/exchan ... ices-rise/

[SerutEhtt]

They should at least book the sell orders at the current price when a user decides to sell, why should the customer bare the loss if the price drops tomorrow, though unlikely to happen as it looks like it is going to jump 1000 soon at the current rate of climb but still anything can happen.

[iFixBTCmemoryIssues]

They should at least book the sell orders at the current price when a user decides to sell, why should the customer bare the loss if the price drops tomorrow, though unlikely to happen as it looks like it is going to jump 1000 soon at the current rate of climb but still anything can happen.

We're screwed until the majority of exchanges are regulated. Or, if technically somehow, we can create regulations inside of Bitcoin ourselves. This is one big market where exchanges can pretty much do and say anything.

When investors lose enough cash, regulations will be made.

Until then, have a modest investment strategy and stick to it. Be happy with your gains and all is well

[LiteCoinGuy]

too must hodl

[BitcoinXio]

They should at least book the sell orders at the current price when a user decides to sell, why should the customer bare the loss if the price drops tomorrow, though unlikely to happen as it looks like it is going to jump 1000 soon at the current rate of climb but still anything can happen.

We're screwed until the majority of exchanges are regulated. Or, if technically somehow, we can create regulations inside of Bitcoin ourselves. This is one big market where exchanges can pretty much do and say anything.

When investors lose enough cash, regulations will be made.

Until then, have a modest investment strategy and stick to it. Be happy with your gains and all is well

Yeah I don't think regulation from govt is the right answer. But exchanges all should have a way to prove their reserves, through cryptography which is a set standard that all exchanges can use. Any one that doesn't use it, well use at your own risk.

[iFixBTCmemoryIssues]

They should at least book the sell orders at the current price when a user decides to sell, why should the customer bare the loss if the price drops tomorrow, though unlikely to happen as it looks like it is going to jump 1000 soon at the current rate of climb but still anything can happen.

We're screwed until the majority of exchanges are regulated. Or, if technically somehow, we can create regulations inside of Bitcoin ourselves. This is one big market where exchanges can pretty much do and say anything.

When investors lose enough cash, regulations will be made.

Until then, have a modest investment strategy and stick to it. Be happy with your gains and all is well

Yeah I don't think regulation from govt is the right answer. But exchanges all should have a way to prove their reserves, through cryptography which is a set standard that all exchanges can use. Any one that doesn't use it, well use at your own risk.

Governments need to do a better job at regulating this from a state level, country by country. You can't envision Bitcoin as a "country to conquer". This will never work, people will flee to other open solutions.

Either people are going to follow your regulations or they aren't. It's as simple as that.

Take the Canary Islands for example, brokers from the US funnel money through this country all the time to evade their own laws. The same goes for Bitcoin, you just have to accept this and work with what you have. It is always going to happen.

Seizing an open-source solution such as Bitcoin sets a terrible precedent that violates all of our freedom, no matter which country you are in.

Disclaimers and optional technical advancements are the solution. People will see exchange a) that meets their criteria, or they are going to choose exchange b) which doesn't meet their criteria. It's up to them.

[Fremont]

The free market can regulate this just fine!

Very simply, any exchange which proves its reserves / liquidity, use them. Any exchange which does not, steer clear of them. The market itself will dictate which exchanges remain viable and which fall by the wayside. Any exchange which does not prove its reserves will suffer, thereby encouraging them to meet the standards set by the other exchanges which do or lose business to them, and the increased competition by exchanges constantly trying to become the most desirable for consumers will bring huge benefits to consumers.

Government regulation is never the answer, and usually has unforeseen consequences down the line with the laws implemented to "protect" consumers being used to strangle new enterprises and prosecute (or indeed persecute) others. Allowing the free market to self-regulate is always the better solution.

[iFixBTCmemoryIssues]

The free market can regulate this just fine!

Very simply, any exchange which proves its reserves / liquidity, use them. Any exchange which does not, steer clear of them. The market itself will dictate which exchanges remain viable and which fall by the wayside. Any exchange which does not prove its reserves will suffer, thereby encouraging them to meet the standards set by the other exchanges which do or lose business to them, and the increased competition by exchanges constantly trying to become the most desirable for consumers will bring huge benefits to consumers.

Government regulation is never the answer, and usually has unforeseen consequences down the line with the laws implemented to "protect" consumers being used to strangle new enterprises and prosecute (or indeed persecute) others. Allowing the free market to self-regulate is always the better solution.

We can't stop government regulation, they are going to go forward with it regardless. At least we can say, "our advice is to do it this way, or it will never work".

They're sick and tired of sitting around not being able to do anything. Cash is flooding out and they're losing control. It's as simple as that.

A good example of this is "shorting a stock". While this is not illegal, most brokerages in the US are against this type of trading. Therefor, you resort to an overseas brokerage with "relaxed" feelings about this type of trading. The same applies for Bitcoin, exchange a) and exchange b).

Keep things at a state level and let each other country do its own thing. Don't jack an entire open-source project, that's mad.

This is worst than the US government asking companies to build back-doors in their projects. Insane.