Binance traders are making more money than other traders - page 9.

bravehearth0319

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Quote from: crabby on December 13, 2018, 07:16:03 PM

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

Well according to the blog you had stated there, I could say it was informative but honestly, its not clear to me about the details you are explaining about the chart, just all I know that most traders now are really aggressive to use binance exchange compare to any exchange in the market.

Xardasim

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Quote from: crabby on December 13, 2018, 07:16:03 PM

Binance traders are making more money than other traders

It is related to Binance itself. The price of the coin/token listed in Binance increases by at least 50% and if ready-made traders get the listed coins and sell it after 10 minutes, it can be profitable.
Example I have never used Dobitrade, one of the tokens that is in mew was listed there and the price went down 500 times, although Dobitrade is on the 5th. Afterwards I understood that 98% of the volume consist of EOS, ETH and LTC.

LogitechMouse

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This is because many traders are trading at Binance right now. High volume more traders make it profitable but I don't agree with what you said. Only whales are making more money here and not the normal traders. Those who are pumping a coin are those who are making more money than us. One more, its how the trader is trading and not the exchange. I can go to another exchange and make profit compare to binance but I'm not a professional trader.

Wind_FURY

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Quote from: ongkok87 on December 17, 2018, 09:34:42 AM

Quote from: Wind_FURY on December 17, 2018, 07:33:44 AM

Quote from: ethereumhunter on December 17, 2018, 06:49:09 AM

I think it's because, in binance, traders don't have to pay a high fee on the transaction and besides that, binance have a large coins list so traders can have many options to trade. I heard that in binance, we could see a time to pump for one or more coins so this will be a good chance for traders to get more profit. But I don't get that time because I was always late to see the pump is coming, maybe later I will try to online on binance so I can get my chance to see the pump.

Because Binance also has more money changing hands.

Better, and easier trades, whether you are buying or selling, come in an exchange with more liquidity and volume.

that's right what you say, so that traders who use binance are so many up to now because the velocity of money is very fast and has the most volume than any other place

It's not the velocity. It is the volume of money going around, and changing hands. There money in an exchange, the bigger the trades you can do because the liquidity can take it.

Try trading with a $100,000 account in Cryptopia, see how you do, and compare the same trading in Binance.

valisa

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in my opinion it's better if you mention the summary that you mean, not directing people to visit the blog that you created because it will take a long time, if people are interested you will definitely visit the blog that you created.

ongkok87

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Quote from: Wind_FURY on December 17, 2018, 07:33:44 AM

Quote from: ethereumhunter on December 17, 2018, 06:49:09 AM

I think it's because, in binance, traders don't have to pay a high fee on the transaction and besides that, binance have a large coins list so traders can have many options to trade. I heard that in binance, we could see a time to pump for one or more coins so this will be a good chance for traders to get more profit. But I don't get that time because I was always late to see the pump is coming, maybe later I will try to online on binance so I can get my chance to see the pump.

Because Binance also has more money changing hands.

Better, and easier trades, whether you are buying or selling, come in an exchange with more liquidity and volume.

that's right what you say, so that traders who use binance are so many up to now because the velocity of money is very fast and has the most volume than any other place

conected

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Quote from: nicster551 on December 17, 2018, 07:44:10 AM

Quote from: crabby on December 13, 2018, 07:16:03 PM

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

You could really make a good profit from Binance since it has the most volumes for all the traders in all over the world. And it has also have a lot of coins to trade with.

- Agree that binance is a large gathering of whales and large investors, and of course, with such a large number of people, the opportunity to invest and make money is always generated, that is one reason why binance traders can make more money. But that's just an extra reason, the main reason is still in the traders, because the traders here are always exposed to a lot of different situations, a fierce battlefield, their skills and experience are always upgraded every day, they need to achieve that to survive and there is nothing to be surprised when their income can increase over time

shoreno

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Quote from: nicster551 on December 17, 2018, 07:44:10 AM

Quote from: crabby on December 13, 2018, 07:16:03 PM

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

You could really make a good profit from Binance since it has the most volumes for all the traders in all over the world. And it has also have a lot of coins to trade with.

Seriously ? What if i told you that no one is making a profit from trades right now ? You know and we all know that the market of cryptos is not always in good condition and that also means that we can trade our coins because we willl only loose if we do it .

Its not about the volume of binance that can give you a profit but its about the status of the market mate. Please keep that in mind .

MOBbrothers

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I went through your article and it is Nice. but are you suggesting we should give sure action a try. i know that binance happened to be one of the best exchange currently in cryptocurrency. just like the days of poloniex and bittrex. they have huge number of traders so it is possible that traders will make more money in binance than other exchanges. with high trading bring high liquidity.

nicster551

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Quote from: crabby on December 13, 2018, 07:16:03 PM

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

You could really make a good profit from Binance since it has the most volumes for all the traders in all over the world. And it has also have a lot of coins to trade with.

Wind_FURY

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Quote from: ethereumhunter on December 17, 2018, 06:49:09 AM

I think it's because, in binance, traders don't have to pay a high fee on the transaction and besides that, binance have a large coins list so traders can have many options to trade. I heard that in binance, we could see a time to pump for one or more coins so this will be a good chance for traders to get more profit. But I don't get that time because I was always late to see the pump is coming, maybe later I will try to online on binance so I can get my chance to see the pump.

Because Binance also has more money changing hands.

Better, and easier trades, whether you are buying or selling, come in an exchange with more liquidity and volume.

ethereumhunter

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I think it's because, in binance, traders don't have to pay a high fee on the transaction and besides that, binance have a large coins list so traders can have many options to trade. I heard that in binance, we could see a time to pump for one or more coins so this will be a good chance for traders to get more profit. But I don't get that time because I was always late to see the pump is coming, maybe later I will try to online on binance so I can get my chance to see the pump.

cindygirl

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Quote from: onrise on December 15, 2018, 06:11:22 AM

Quote from: cindygirl on December 14, 2018, 08:48:11 AM

Quote from: crabby on December 13, 2018, 07:16:03 PM

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

This isn't at all surprising given the high volume on Binance, there's just more scope for profitability. Couple that with an attractive fee structure compared to some competitors.

For daily or regular traders fees is very important and if this is the minimum as compared to the other exchanges then daily add up a good amount at the end of the month . So today we have so many people who are doing this full time and some credit goes to binance which is making it possible .

It's something that is oftentimes overlooked. I noticed it myself quickly in my earlier days of trading. When trading small margin in high liquidity margins I would sometimes have a daily trade volume of 20 times or more my entire balance. That was on bittrex which meant I was paying 0.25% of that 20 times which came out to be 5% per day. When transitioning to binance this was instantly lowered to 2% and even lower if using BNB for fees. That 3% a day really adds up over time.

ginobitcoiner

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Quote from: IlVeroNico on December 14, 2018, 10:25:23 AM

You mean Binance has a Trading volume larger than any other exchange?

maybe that's what the OP means, traders at Binance make trading volume greater than the trading volume on other exchangers.

vaneferna

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Quote from: crabby on December 13, 2018, 07:16:03 PM

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

After starting trade in binance I also noticed that I am earning more on that exchange then others. According to my views the reason is that it has lesser fees of trade and it has a high volume of trade on all the coins which make us convenient to get faster profit.

herurist

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Quote from: crabby on December 13, 2018, 07:16:03 PM

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

I don't see any worth in your post, what do you mean exactly? If you're swing trader I believe that's fine but where's the calculation or education that I can use to grow up my skill and asset?. I suggest you to fix your post because read and understand your post wasting my time.

rocketbits

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Quote from: crabby on December 13, 2018, 07:16:03 PM

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

Just tell us that you need to generate traffic for your blog, than saying what you know nothing about. Your success in trading has nothing to do with exchange you’re trading on. A good trader knows that the only thing that matters most is their skills and not the exchange you’re trading, as long as you’re skilled you can make use of any exchange.

DarkBullet

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That is nothing to be surprised of since binance always getting the number 1 spot in trading exchange volume and also one of the most reliable and secured trading platform because of its promotions being offered to its users. There were also thousands of binance free and paid trading signals so that might also one the reason why there are many traders preferres using binance. For me, their trading tools is very user friendly and also collects favorable trading fee so that's a thumbs up for me.

onrise

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Quote from: cindygirl on December 14, 2018, 08:48:11 AM

Quote from: crabby on December 13, 2018, 07:16:03 PM

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

This isn't at all surprising given the high volume on Binance, there's just more scope for profitability. Couple that with an attractive fee structure compared to some competitors.

For daily or regular traders fees is very important and if this is the minimum as compared to the other exchanges then daily add up a good amount at the end of the month . So today we have so many people who are doing this full time and some credit goes to binance which is making it possible .

cindygirl

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Quote from: cfif123 on December 14, 2018, 10:37:18 AM

Quote from: cindygirl on December 14, 2018, 08:48:11 AM

Quote from: crabby on December 13, 2018, 07:16:03 PM

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

This isn't at all surprising given the high volume on Binance, there's just more scope for profitability. Couple that with an attractive fee structure compared to some competitors.

but if in my opinion it depends on the person to use, because if the way of trading is not appropriate for sure to get a good profit is difficult, so it all depends on how the person trades

Sure, person to person it does. Some people may not be profitable on Binance but they are on bittrex for example. But on average people are going to be more profitable in a market that has a better fee structure and offer more opportunities for trade due to high liquidity.

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