We are seeing a lot of new exchanges popping up here there and everywhere. Some which are obviously more established, and some that are pretty crap or just looking really shifty.
One thing that stands out to me recently though, is the amount of 'promotions/competitions' these exchanges are running whereby you have to invest or trade the biggest amount of a specific crypto in order to win a prize.
To me this just shouts out GAMBLING. I personally think its totally irresponsible, it portrays crypto in a really negative manner to someone neutral/not into crypto yet, and above all it could be very dangerous to your finances!
Don't get me wrong here, i think the vast majority of us that are in crypto are risk takers, as realistically we can't be 100% certain that it will ever get to the hallowed 'Mass Adoption' stage, but i'd also like to think that the vast majority of us are looking at future use case/fundamentals of a said project before making an investment.
'Competitions' like this are only going to get us all (more) scrutiny, and sadly, not taken seriously by would-be investors sitting on the sidelines.
Just my opinion and i'd like to hear what you all think?
