For days now I have pointed out to Bitstamp that their LTC often takes minutes to update it's price. If one compares this to the performance of their BTC platform, which is accurate to the second, a striking difference is found. I have been left with the conclusion that Bitstamp was acquired by a cash poor entity, because it is simple latency, and it is now glaringly obvious that their LTC and worse, BCH platforms generate less money in fee's, and thus have been given a lower priority on what seem to be either inadequate or outdated servers. Shame on them ; it is an expression of capitalism, I'll concede that - BTC sales and to a lesser extent ETH sales have more trading volume than the LTC or BCH , are more expensive, and therefore generate greater profits for their company. I feel fooled and utterly overwhelmed by Bitstamp, which itself has pyramid like qualities , though many exchanges do base their fee's on your trading volume, coinmarketcap360 indicates 1. The absence of Bitstamp - which at first I found strange because prices are often referenced in bets , wagers and analysis visa vie Bitstamp - but as I scanned across the diverse map of exchanges I found Bitstamps fee's to be significantly higher than every other listed exchange. These fee's , along with what is now obvious priority routing for those currencies most subject to said fee's , are an outsiders only explanation of the piss poor performance of the LTC and BCH platforms, likely xrp as well - though people tend to buy XRP en masse. When I fall from the discounted fee tier I fought so hard to achieve, migration will occur. I have had enough.
Initially I was thrilled by their fee's, having migrated from coinbase some 8 months ago - anyone would be, the average american has a base fee before certain waivers of 4%, both ways. I will not discuss beyond mention the disgusting nature of their base platform for "beginners," or their failure on that website to mention gdax.com , which is coinbase Pro, which uses a maker taker formula and in some cases if you are patient and do post only , you may not have a fee. However it is important to note that Coinbase in every iteration are middlemen, as shown in their "aggregation" settings.
.25% is the initial fee on Bitstamp, and that is a high fee compared to many of the exchanges, if not all of those listed on coinmarketcap 360.
They charge such fee's, but cannot upgrade their servers and or bandwidth to allow for real time LTC and BCH trading? Is there an insider scheme at play here?? At it's best it is greed.
Initially I was thrilled by their fee's, having migrated from coinbase some 8 months ago - anyone would be, the average american has a base fee before certain waivers of 4%, both ways. I will not discuss beyond mention the disgusting nature of their base platform for "beginners," or their failure on that website to mention gdax.com , which is coinbase Pro, which uses a maker taker formula and in some cases if you are patient and do post only , you may not have a fee. However it is important to note that Coinbase in every iteration are middlemen, as shown in their "aggregation" settings.
.25% is the initial fee on Bitstamp, and that is a high fee compared to many of the exchanges, if not all of those listed on coinmarketcap 360.
They charge such fee's, but cannot upgrade their servers and or bandwidth to allow for real time LTC and BCH trading? Is there an insider scheme at play here?? At it's best it is greed.
Comment:
6 minutes just passed without one transaction on the LTC platform going through