Conversation

BTCVIX
@BTCVIX
let me start at the root aspect with some honest questions: Do you think this event improves your image to current and prospective customers ? Do you think overall customers feel this was event is fair ? Do you even consider this an "event" worth handling ?
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Jesse Powell
@jespow
1. No, 2. Yes (someone took the other side of every trade) but I'm sure people who sold at a price lower than the current best bid would prefer a do-over, 3. what would "handling" it be? Everything appears to have operated as expected. The event was entirely predictable.
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₿TFD&HODL
@_TheDivergence_
No, please don't roll it back! I've had capital tied up on the sidelines just waiting for an opportunity like what happened today to occur; I figured there would be a sweep to flush out stops, so I placed a low bid at historic support level, and I'm happy with trade.
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₿TFD&HODL
@_TheDivergence_
In crypto, I've come to expect big volatility swings when price action is showing weakness... I've learned that it's the nature of this game. So I will take the chance that these things happen and use them to my advantage... and BTFD.
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BTCVIX
@BTCVIX
thing is I didn't actually suggest or state a rollback is the solution at all that was self posed as the only solution by Jesse himself as the only thing they could do... this is a mishandling overall just from a PR and marketing perspective mind you a possible technical loophole
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Jesse Powell
@jespow
I'm open to other solutions but it seems like the main thing is trader education. People at least pretend like they didn't understand this possibility.
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BTCVIX
@BTCVIX
not to sound like an ass but where in the trader education course is the part to expect a 50% dislocation in price in a major pair from the rest of the market ? are you legit not going to acknowledge some responsibility ? I guess legal is probably telling you no
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₿TFD&HODL
@_TheDivergence_
I was able to place a bid during this time; and it was filled. So, not only did my preset bid fill, but on top of that I was able to log in and manually buy... now, I was automatically logged off after my trades were made but I was able to successfully trade during this time.
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Jesse Powell
@jespow
Exchanges don't control prices. Prices are up to market participants. You assume the other exchanges could have handled the same sell pressure but I haven't seen the analysis yet.
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