Topic: [2015-01-03] CD: Why Some Bitcoin Exchanges Might Die in 2015 (Read 1005 times)
[cough] bitstamp [/cough]
Plus cross-blockchain transactions should be coming soon. People will be able to trade peer to peer from one currency to another without using an exchange. Add this thread to your watchlists to stay up to date with relevant news.
Some of these exchanges going under wouldn't necessarily be bad, but what we do need is more decentralized exchanges. Less fees and you won't need to keep coins with a third party and risk them disappearing.
We need more trusted, healthy exchanges. Hopefully the next huge bull move will start soon and breath new life into the Bitcoin World.
Couldn't agree more. Places like BTC-E have been stagnant for over a year, barely adding anything new to the exchange, features or currencies. They still trade in FTC and TRC for crying out loud. Then there are places like Poloniex that have a stupid name, a questionable color scheme, but are constantly adding new features and, when warranted, new coins. Even after being hacked to the amount of $50k they remained a good service and paid back the lost funds in a few months with total transparency.
Poloniex gets a double mention for being awesome.
We need more trusted, healthy exchanges. Hopefully the next huge bull move will start soon and breath new life into the Bitcoin World.
With all of the volatility going on today, largely due to Japanese Newspapers, Paycoin scam, and Bitcoin Bowl numbers being released, it seems the volatility is doing just fine for now.
Why Some Bitcoin Exchanges Might Die in 2015
http://www.coindesk.com/bitcoin-exchanges-might-die-2015/
The recent levelling out of bitcoin’s price volatility might be good news for everyday bitcoin users, but could it send a bunch of exchanges off the cliff?
CoinDesk recently spoke to the CEO of a company whose fortune depends on the health of bitcoin exchanges. In the off-record conversation, the exec had something disturbing to say: bitcoin’s falling volatility is causing problems for exchanges, which rely on volatility for trading volume. Without trading volume, their revenues will fall, leading to a shakeout in 2015.
http://www.coindesk.com/bitcoin-exchanges-might-die-2015/
The recent levelling out of bitcoin’s price volatility might be good news for everyday bitcoin users, but could it send a bunch of exchanges off the cliff?
CoinDesk recently spoke to the CEO of a company whose fortune depends on the health of bitcoin exchanges. In the off-record conversation, the exec had something disturbing to say: bitcoin’s falling volatility is causing problems for exchanges, which rely on volatility for trading volume. Without trading volume, their revenues will fall, leading to a shakeout in 2015.
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