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RE: Adventures in Cryptocurrency, Lessons Learned the Hard Way

in #smartcash7 years ago

This is definitely an Eye Opener. Many people store their crypto on exchanges which is a horrible idea and this is the reason why. When you have an influx in purchases you get an exchange who is growing and having the same issues trying to figure out how to cram a bowling ball worth of transactions through a drink straw team and it leaves all those parties involved frustrated. I know that many exchanges hate having massive volume exchanged on a whim during updates but it does 2 things. Increases the volume of said coin to the circulating populous who if you ask them nicely to be patient while you update usually cooperate and don't raise all kinds of poop on social media, and it also increases the exchanges profit margin because of the amount of transaction fees they get for allowing the exchange to happen. To me through it sucks to be going through those growth changes its a win win if done correctly.

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