Unpopular opinion but I don’ think Binance did wrong on Sunday.

Yes some people exploited some kind of design flaw with collaterals but globally the system was working:

– people complaning that their SL was not executed are just lying or do not understant how SL work. If you had limit Stop Loss the risk that it was skipped by the system is high (price falling too fast), while if you had stop market orders there has been absolutely no issues.

– I was able to trade. Only 1/3 of orders were accepted by the system, had to spam a bit. But given the load and the panick, I was more “God I don’t know how this can still work” and I am formerly a system and network engineer.

– Could grab cheap LINK, sad I missed ATOM with this crazy discount 😀

While people are expressing hate over binance, I would like to salute the resiliency of their infrastructure from a user load point of view and pay my respect to their network and system engineers.

submitted by /u/XyaThir [link] [comments]r/CryptoCurrencyRead More

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