Bitrex is Bad, edit:Binance too

English Trading
21

and it looks like the prices Bitrex/Binance converged now…

Would be interesting to know if:

  1. the big gap in prices was due to the Wallets problem
  2. if the wallet problem was caused on purposes from exchanges to avoid people arbitraging during a price gap
  3. if we just missed out on a big opportunity because of a random technical issue
2 Likes
22

Yep, all locked up :frowning:
Trying to move ada to my wallet. Very frustrating.

2 Likes
23

yeah, so much for an “open source” and “decentralized” project ,seems that there is a lot more work needed here.

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24

So… it looks like I’ve missed the whole thing, I hold my ADA in Daedalus, they’re too precious to me to keep them on a some centralized exchange.
I’m waiting for next big rise in a price action - if it shows to be parabolic then I’ll sell some to be able to buy some more. I think it’s better for them to keep them locally. I can’t wait for a moment when it will be possible to stake them!

25

Well just goes to show how useless the current exchanges are. Binance took about an hour to verify ADA deposits (200 confirmations, did it several times). And bittrex has locked up my ADA for one and a half day now. Makes it impossible to do anything but HODL. Oh well =)

26

My ADA was locked most of the day yesterday in Bittrex. But I believe you can access it via the btc-ada pair when your wallet shows repair.

27

Let’s hope that other exchanges are listing ADA soon

28

They disable the wallets to slow down trading under the guise of “maintenance.”

They do it so that you cant manipulate the price when things are at an unusually high volume. They dont want you dumping your ADA on the market or buying too much of it up all at once. Its meant as a way to stabilize and slow down the market with the heat is on high.

They will never admit thats whats going on, but all signs point that way.

Ever notice maintenance only happens when the volume is extremely high?

Ever notice maintenance only happens when the price is unusually high or low?

Ever notice maintenance never happens when the activity is lowest?

2 Likes
29

it seems that at IOHK they agree is their issue rather than the exchanges

30

Dear Jeremy,

Thanks for keeping us updated. I have a transaction stuck from my daedalus wallet to binance for up to 12 hours now… Cardano explorer and daedalus are telling me the trx is fine and I have more than 2000 confirmations but nothings appears on Binance history… Is the problem you are mentioning the cause of my issue?

Many thanks for your help and asnwer and happy new year!

31

Sorry guys. Terrible timing. Fix is almost ready to roll out. Will probably be after more testing though.

6 Likes
32

Any news guys? I have waited to withdraw my ADAs for almost 3 days.

33

Mine are also stuck on Bittrex after 48 hrs. Fix will come.

34

Probably why it was locked on the first place.

36

Hi Jeremy, any update on this ? Thanks

37

Is there any chance this has to do with a roll out of Shelley features?

38

I see more dev coming back from holiday getting up to speed and PR being made. But it isn’t all iohk, exchanges manage their txs and schedules.

2 Likes
39

This is getting kinda boring,transactions stuck on Bittrex and Binance,not a good look folks although the price does keep rising…

1 Like
40

@sailorbootstrap I think the news is not really out there… the only one who realised are the one who really care about ADA and tried to transfer their ADA to Daedalus as soon as they bought them.

If it does not get sorted and news spreads may we see a drop?

1 Like
41

Any time any coin takes a run, Binance locks up. They do their trading volume calculations on one of those old Chinese Abacus calculators. lol.