of course, because exchange doesn't have a big influence to save bitcoin from decreasing. exchange only makes the volume easy to control. but some exchanges affect some altcoins for the better, meaning that they are relative.
You must know that ETF has a long history, ETFs first appeared in 1989, in 2014 came with the different theme that is OTC, and in March of last year, the ETF was rejected again by the SEC.
this process will take a lot of time, if approved, this will make the market sentiment become satisfied and will be the first thing on the American stock exchange.
Topic: Crypto exchanges not helping Bitcoin! - page 3. (Read 1311 times)
I don't think it encourages gambling or something like that. Cryptocurrency is not all about trading and exchanging money, that way it'd just be monotonous, so I think of it as some kind of contest to make the whole thing even more interesting and exciting. And as far as losing money is concerned, that depends on the wish of the participants, now they of course do participate with the mindset that they might lose their currency, but that's what they choose or decide to do. So, overall I don't think trading competitions are bad and they are causing harm to the community.
With all of these new exchanges popping up here there and everywhere, i am seeing a very common theme and it's one i don't like AT ALL and i feel it gives bitcoin/crypto a bad reputation in general.
What am i talking about? Trading competitions! Where you can win XXX amount of whatever crypto for being the most active or hitting a certain limit. Don't get me wrong, i'm sure there are a few people out there who will do alright from these deals, but i imagine the vast majority end up losing in the short term or the long run.
For me, its targeting the wrong audience. It does absolutely nothing toward our hallowed "mass adoption" hopes, and its encouraging gambling all so that the said exchange can make a profit in fees!
Yet we wonder why the SEC are so reluctant to give crypto its blessing!
Whats your thoughts?
What am i talking about? Trading competitions! Where you can win XXX amount of whatever crypto for being the most active or hitting a certain limit. Don't get me wrong, i'm sure there are a few people out there who will do alright from these deals, but i imagine the vast majority end up losing in the short term or the long run.
For me, its targeting the wrong audience. It does absolutely nothing toward our hallowed "mass adoption" hopes, and its encouraging gambling all so that the said exchange can make a profit in fees!
Yet we wonder why the SEC are so reluctant to give crypto its blessing!
Whats your thoughts?
It sounds like some of the old binary options brokers made their way into crypto. That was a common marketing ploy for those brokers to have a trading contest and offer the winner a car or cash prize.
my opinion about the number of exchanges that are circulating is true does not affect the price of bitcoin.
however, it has a big impact on the alt coin because a large exchange will be able to boost the alt coin price from those who have little value, to be valuable to have.
however, it has a big impact on the alt coin because a large exchange will be able to boost the alt coin price from those who have little value, to be valuable to have.
With all of these new exchanges popping up here there and everywhere, i am seeing a very common theme and it's one i don't like AT ALL and i feel it gives bitcoin/crypto a bad reputation in general.
What am i talking about? Trading competitions! Where you can win XXX amount of whatever crypto for being the most active or hitting a certain limit. Don't get me wrong, i'm sure there are a few people out there who will do alright from these deals, but i imagine the vast majority end up losing in the short term or the long run.
For me, its targeting the wrong audience. It does absolutely nothing toward our hallowed "mass adoption" hopes, and its encouraging gambling all so that the said exchange can make a profit in fees!
Yet we wonder why the SEC are so reluctant to give crypto its blessing!
Whats your thoughts?
What am i talking about? Trading competitions! Where you can win XXX amount of whatever crypto for being the most active or hitting a certain limit. Don't get me wrong, i'm sure there are a few people out there who will do alright from these deals, but i imagine the vast majority end up losing in the short term or the long run.
For me, its targeting the wrong audience. It does absolutely nothing toward our hallowed "mass adoption" hopes, and its encouraging gambling all so that the said exchange can make a profit in fees!
Yet we wonder why the SEC are so reluctant to give crypto its blessing!
Whats your thoughts?
Actually, the crypto exchanges in bitcoin really help very much because you can see where your tokens exchanges and where you market it can trade and you can convert it to bitcoin i can say that big three to me the crypto exchanges.
With all of these new exchanges popping up here there and everywhere, i am seeing a very common theme and it's one i don't like AT ALL and i feel it gives bitcoin/crypto a bad reputation in general.
What am i talking about? Trading competitions! Where you can win XXX amount of whatever crypto for being the most active or hitting a certain limit. Don't get me wrong, i'm sure there are a few people out there who will do alright from these deals, but i imagine the vast majority end up losing in the short term or the long run.
For me, its targeting the wrong audience. It does absolutely nothing toward our hallowed "mass adoption" hopes, and its encouraging gambling all so that the said exchange can make a profit in fees!
Yet we wonder why the SEC are so reluctant to give crypto its blessing!
Whats your thoughts?
What am i talking about? Trading competitions! Where you can win XXX amount of whatever crypto for being the most active or hitting a certain limit. Don't get me wrong, i'm sure there are a few people out there who will do alright from these deals, but i imagine the vast majority end up losing in the short term or the long run.
For me, its targeting the wrong audience. It does absolutely nothing toward our hallowed "mass adoption" hopes, and its encouraging gambling all so that the said exchange can make a profit in fees!
Yet we wonder why the SEC are so reluctant to give crypto its blessing!
Whats your thoughts?
Some exchanges just want to attract many peoples into their exchange by that competition.
The unhealthy competition can harm the network like causing ETH network need high gas price to transact.
This should not happening if the competition have a better way to do.
I think there are helpingbeach other. Because you can make your altcoin in to a bitcoinwithout exchanger or you cannot make your usd into bitcoin if there are no exchanger.
These are the promotion methods imposed by competition
How will exchanges attract traders?
No harm in that
How will exchanges attract traders?
No harm in that
That's true. If one good and legit exchange reduces its rates to a more reasonable price then by the law of competition the majority of the exchanges will have to follow suit. Competition after all, in this case can benefit us.
This can't be sustainable if the competition doesn't provide us better walkthrough behind the downfall of the market nowadays. The exchanges should initiate the plans in order to proliferate bitcoin's demand. With that ways we could acquire the reasonable benefits, that everybody should be receiving specially when trading and thinking about long terms trades. It would be hard for us to experience the good trends towards profitable price in the market as demands also arises.
These are the promotion methods imposed by competition
How will exchanges attract traders?
No harm in that
How will exchanges attract traders?
No harm in that
That's true. If one good and legit exchange reduces its rates to a more reasonable price then by the law of competition the majority of the exchanges will have to follow suit. Competition after all, in this case can benefit us.
It’s not true. Everyone can use bitcoin because bitcoin is not controlled by anyone or any group. If every project uses one platform then people will evaluate each project and which they feel comfortable they will invest on those projects.
The only thing that can really improve bitcoin and help it is reconsidering the government and other people that bitcoin is trusted, showing them on our own experience and example that it is something good and not an evil.
with what i m seeing, bitcoin doesn't any reputation, mostly i don't think if anybody have power to boost bitcoin in the market secondly exchange don't have any power to increase the price.. the only think i see's is that "exchange is were you can trade your token to any prefer crypto or fiat" so i don't think if the exchange has any responsibility for the growth.
I also don't think exchanges are really damaging bitcoin either. Actually, the days of dcentralized exchanges may be numbered as decentralized exchanges get better and more user-friendly. The key for bitcoin is to solve the scalability problem.
The question is not wrong because there are any kind of trading competition.Competition is very natural in a market.It's totally thine option whereinto you want to invest your money or not.in the coming year market to grow as a whole.
when they approve bitcoin futures, which we all sincerely wait for will be very amusing to watch how the mood in the forum will change and everything will predict the bitcoin rate for 100k and above 
Well, I don't think criticizing exchanges is making any sense. As we all know that, Crypto is all about self-responsibility and thus one is responsible for his own actions and that means, he should be ready for the consequences taking place after his actions. Exchanges are doing their business and they have full right to do it as per as they are doing it in a legal way.
Competition is very natural in a market like this where every exchange can make profit for themselves and there is nothing we can do about it. Moreover, they are not forcing anyone to choose their service rather everyone is coming up with something unique which is helping the market to grow as a whole.
Yes, too much crypto exchanges can not help Bitcoin, but the problem is that people want to make profit, therefore they make crypto exchange. With time there will be only largest ones in the market and problem will be solved.
i think we should focus on real case mass adoption instead of making more coins as well as exchanges because they are not helping anymore instead we need real products like PundiX product which will help in real life. This will increase exposure to more people which in result will increase more invest thus more price rise.
Nothing is wrong here. It’s a promotion based on their own strategy. And in business there will be competition. With their promotion they can pull traders to make the volume to grow the exchange. What’s the problem here??
Jump to: