We have been been enjoying the service offered by Bittrex for some years now. if they feel no need for the coin, I think we are also okay by it. I just love to see some of my favourite coins list on it. However, if Bittrex decides to lunch its own coin, I believe lots of people will be interested in it.
This also reveals another side of Bitterxx, that it is not an exchange that is just here to extort money from people but to bring about the actual vision of cryptocurrency to reality.
Topic: Bittrex coin, why not? - page 2. (Read 1487 times)
Most utility tokens out there ain't necessary. Eth, Btc and other too tokens can be used a means of payment why development of other tokens for the same purpose.
If we compare the market shares that Bittrex and Binance occupied in 2017 and now it is obvious that Bittrex chose the wrong strategy. In order for the coin to be interesting to the community, you need to build related infrastructure around it.
They are gradually taking some actions to compete in the market like the Bitsdaq as their partner. The changes could put them back in the competition once they can implement it. I think if bitsdaq will have its success, bittrex will also use its native coin for the bittrex transaction fee like BNB. It wouldn't take a big promotions to make it work for bittrex they are already popular from old users.
If we compare the market shares that Bittrex and Binance occupied in 2017 and now it is obvious that Bittrex chose the wrong strategy. In order for the coin to be interesting to the community, you need to build related infrastructure around it.
Well,,, I was silly enough to buy the tokens of one exchange that I used. Not Binance of course,,, it was me missing out on that that caused me to buy the one I am talking about. But it flopped right after it launched. Not so badly, just 15% or so and I am still enjoying the discounts so it is not terribly poor but still. It makes me think Bittrex coin is a bad idea.
It is not even a must that many of them must have a token because I only see that token as waste of time and something to show their weakness, people have judge projects a lot with price and if not for investment part of it, there is honestly no need for projects to have issued token, because this token system is what has caused a lot of projects to be dead by now. I think it would have even been better if some of these projects just have a fixed profit they give like on a yearly basis the way STO does, it would have made the usefulness of the project to be more pronounced than just the investment side. Bittrex has really been doing fine without token, they might not have the hype as much as other exchanges does, but they are really having a very good volume on their exchange.
If there will be BITTREX COIN soon, i will grab the opportunity to have them at low cost.
I am pretty sure that the coin will have a strong price due to a good exchange they are.
Looking forward for another great investment like BNB.
I am pretty sure that the coin will have a strong price due to a good exchange they are.
Looking forward for another great investment like BNB.
Bittrex was big exchange but not now, Bittrex 24 hours volume is almost 7000 BTC and there are not trading more investors due their not paying any benefits to traders and investors, as compared to others exchanges giving more benefits that is the reason traders investing in crypto other exchanges. Bittrex was introduced other exchange Bitsdaq and launch their own token BQQQ but that exchange also fails to meet the requirement of traders.
Well,,, I was silly enough to buy the tokens of one exchange that I used. Not Binance of course,,, it was me missing out on that that caused me to buy the one I am talking about. But it flopped right after it launched. Not so badly, just 15% or so and I am still enjoying the discounts so it is not terribly poor but still. It makes me think Bittrex coin is a bad idea.
Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.
Maybe there's a reason.
Firstly they need to define what will be the purpose of their token.
I think they have enough funds already to operating the exchange, so they don't need to selling their token anymore.
It would be different if they are a new exchange that want to operating the exchange from the beginning.
That's the reason, Bittrex is an old exchange that are still reliable until now, and they are already profitable so there is no need for them to share their profit by creating a token.
Unlike Binance which started in ICO and they got their funds to operate from the amount they raise, so they are oblige to continue with the system and as the exchange grows, the holders will also enjoy with the value increment, this is an effective way to market as those holders of the tokens will surely support the exchange than other exchange so they will also benefit when it grows.
Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.
Maybe there's a reason.
Firstly they need to define what will be the purpose of their token.
I think they have enough funds already to operating the exchange, so they don't need to selling their token anymore.
It would be different if they are a new exchange that want to operating the exchange from the beginning.
Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.
Maybe there's a reason.
i am pretty sure that they will have that coin soon.
I think they are just preparing from it, remember what they faced before>
they have no time for that and i htink they are working on it now!
Who wants a coin with -5 to luck? Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.
Maybe there's a reason.
i am pretty sure that they will have that coin soon.
I think they are just preparing from it, remember what they faced before>
they have no time for that and i htink they are working on it now!
Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.
I guess they don't interested it to make their own coin because I think they focus their exchange like upgrading, fixing bugs, solving problems from the users just like that. Maybe there's a reason.
Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.
We must look again at the history of the birth of the exchange. There are mostly exchanges born from ICO, IEO. This kind of exchange born of course they have their own tokens. Because they promote exchange and collect money from investors. Maybe there's a reason.
Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.
Maybe there's a reason.
Yeah, before binance bittrex was one of the topest market place. It'll not be surprise if bittrex think like that because now days exchange coin is common thing in market place. Many new exchange creating there own coin. Binance and Kucoin already success of there own coin. So may be bittrex also will thing about it.
The most of top Exchanges has created their Exchange tokens, so it is strange why Bittrex has not done the same yet. I think they might launch their own cryptocurrency in the future.
Why does bittrex need to copy other site to create or make their own coin? Recently, I have heard a lot of negativity about this exchange, block of accounts, etc., so I don't consider them to be reliable
Well, all they did only because they want people to do KYC and they will unblock their account.
Recently, I have heard a lot of negativity about this exchange, block of accounts, etc., so I don't consider them to be reliable
Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.
Maybe there's a reason.
Bittrex is not based on ICO. The presence of Bittrex immediately made an exchange without conducting an ICO campaign. I think it's the same as INDODAX, Asia's biggest market. INDODAX also does not have its own coins. But it only supports new coins, like Tokenomy.
It is possible that a market like this builds its company by using its own capital, not from investors, so they don't need to promote their exchange with the guarantee of the coins they create.
US regulators are always watching bittrex and remember about the case that happened with KIK and that already accused to run illegal ICO by US regulators.
It's too risky to run own coin or ico in US territory.
For me, this isn't good idea. So many people lost trust with them since their failed IEO. And I don't think people still wanna invest on them again. They must doing something to recover their reputation again and become big again like old day when they're number one on the world.
Bittrex is not a leading exchange and they have proven it by their IEOs. As far as I know, no IEO on Bittrex was sold out and none brought any kind of profit. Exchange coins are trend at the moment, but it won't help Bittrex to develop further.
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