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RE: A plea to all the Kind-hearted Steemians out there and Rupaya Members

in #steemit6 years ago (edited)

Exchanges really do need to be regulated. I see a lot of weird things on the exchanges already. For instance those that allow shorts inexplicably have highs overshoot the highs everywhere else and lows fall below all lows just so they liquidate their customer's shorts and longs. I have reluctantly come to the conclusion that unregulated markets will likely not work. This is partly why the crypto market is in the state it is in today.

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self regulation will work, no other way to do it, you cant control the internet buddy, peopel will set up exchanges and the shitty ones like yobit, will just loose customers

i never use yobit, do you? why did he? He shoudl have stuck with steem!

i am glad steem helped him out and i hope he uses this sbd and SP to actually invest back into Steem and sees that if steem was cool enough to upvote him to $500 (even if he bought the upvotes) he should actually keep this all on steem!

Im glad hes getting help! Hope he recovers!

I agree with you...