Topic: Cryptocurrency exchange got bigger - page 6. (Read 705 times)

More exchanges site it means crypto currency are improving and become popular in many places. And also it means there's a lot of people that using  crypto currency.

There are a lot of smaller exchanges now but you need to realise that there are more altcoins as well. Not all of them can get into binance so they will list on these much needed new ones instead

The number of exchangers is growing but I can not say that among them there are worthy of attention exchangers. TOP 10 most popular exchangers are the best and I do not see the point to use others. Using a new exchanger is always a risk. I think that most of them will close and eat users who at this moment will use their services will not be lucky.

I think it is, compared last the number of new cryptocurrency exchange is starting to increase. Some countries are starting to make their own local exchange. I think this is good because it only shows that cryptocurrency is starting to be acknowledged by some countries.

Yes, it is true so. Cryptocurrencies are now much more popular than in the previous years. And it seems to me that the potential of the cryptocurrency will only grow every year.

Such forecasts are aimed at positive emotions and the desire to more and more deal with crypto currency.

Especially decentralized exchanges are getting bigger, I see lots of new projects built on 0x nowadays, oax is one of them. The market is still a baby, more exchange will come to get a piece from the cake.

yes you are right now there are too many exchange places created but from the many it is a very tight competition and provide security and comfort when bitcoin trading and have a small trading fee is the main priority of this competition, I think binance is the best market for when this.

I think it could greatly affect the prices of these cryptocurrencies because people would know which coin is widely used or is best in supply and demand in the market, thus differentiating what coins are best in the market currently. And I think it would be a good thing to have lots of exchange sites to choose from because not all exchange sites cater all coins and tokens.

I've got half a mind to suggest that if these exchanges that were popping up were at least decentralized, then we would have more to cheer about. I wouldn't have so much fear if there were a boom in the amount of decentralized exchanges that were being established. This would suggest more to me that cryptocurrency is being acknowledged on a wider scale, because decentralization regularly means open-source. Open-source leads to further community collaboration and then things take off like wild fire in (usually) the best possible direction. This is what we see with Bitcoin for the most part, there are some hiccups in development, but for the most part we are on the right path.

I only see newer adopters getting excited about a new exchange. To me it is especially suspicious when an exchange creates their own currency *cough*, but for some reason the newer generation of crypto users are not keen to this.

I think even the old-heads could get excited about a decentralized exchange, although they've probably got themselves in a position that is sustainable already.

It's only a good thing that ultimately contributes to getting cryptocurrencies and bitcoin in particular more established.

It might help in the mass adaptation. The more exchane -> more marketing with different target users -> the more people reached -> the higher demand -> the better for us.

Yes the CryptoCurrency exchange are increasing but doesn't necessarily mean that it's getting bigger. The more exchange site are not affect the price of CryptoCurrencies, it depends in supply and demand.

I don't know how many exchanges we have right now, but yes, its growing by the numbers. The only reason is that as crypto is gaining grounds, there's a lot of money to make so obviously there are lot starting crypto currency trading platform. Even here in our country, there was news that additional 6 or 7 local exchanges are joining the picture and just waiting for the government approval. As for the price, I do think that it can affect the price because there will be more players to come in resulting in the price going up/down if more people are going to trade frequently.

An increase in the cryptocurrency exchange doesn't necessarily mean that it's getting bigger the thing is more and more people are now trying to compete against the best exchanges that's being used by everyone around the world in fact the market is growing but we cannot judge it by the growing number of exchanges since it's just people trying to get into this business because the major exchange sites are earning huge amount of profit and that's something that they all want to look up to.

Also the fact that major exchanges are facing problem and all the new ones in the market are something that most people won't trust and use so the amount of traffic it generates is not that high.

Sometimes it can also be detrimental instead of being a positive think because many of them are fraud and the newbies who don't know anything about that are often the prey to them causing a decrease in the trust overall.

I wouldn't even agree with that statement. The largest, most "trusted" exchanges are very often the exchanges that experience a large hack that they cannot recover from, resulting in the loss of all of your coins held there, or they simply disappear without explanation with the same result. There is no "trusted" exchange in my book and I would be extremely careful if you ever are forced to use one. I would suggest that there are always ways around using one of these exchanges. I just wanted to give fair warning, because there's many prominent users around these forums that would advocate heavily against any usage or interaction with exchanges. I've heard too many tales about exchange drama resulting in millions of dollars being stolen one way or another and so the increase in sheer quantity of exchanges doesn't make me particularly excited. I'd be more interested if the increase in exchanges correlated with something positive for Bitcoin.


That's basically exactly what I had said a bit earlier. It's strange that it seems like so many of the more recent adopters of Bitcoin are so readily excited to jump in on exchanges and exclusively hold their coin there. I have asked friends of mine, that got involved in Bitcoin closer to the ATH, which wallet they had chosen to use and they said to me, "Coinbase" or "Blockchain.info" and it makes my head hurt. What originally attracted me to Bitcoin was everything that the Whitepaper was talking about and the fundamental freedoms that it was offering to all of us. It seems too many people are attempting to seize the day for trading opportunities, and easy mining profits. These people have already mostly been scared away by simple volatility, but I can assure you that exchanges are going to scare away the rest of them.

As far as I understand, you mean that the number or exchanges is getting bigger. I think that is means that more people are considering trading as a business opportunity, but it doesn't mean that cryptocurrencies are becoming more popular, since this would be reflected in marketcap and trading volume. Moreover, this tendency of adopting exchanges if not very good for cryptocurrencies, because it is an obstacle on the way of becoming means of payment, not assets.

I cannot decide that at this time cryptocurrency is well recognized or not recognized. But this is the number of new users who jump down to cryptocurrency, and the exchange is a big business to set up. In the business world, they will always make the chance to get many benefits. Newcomers just want the euphoria for the instant benefit of the world of cryptocurrency, they just heard in some social media on how to earn promising money without deep knowledge.

That is true, the price of cryptocurrency will increase as more new users come up. But there will always be a negative impact if they only know cryptocurrency simply without doing a lesson they will leave if they lose. All we know, cryptocurrency is always synonymous with a loss I mean the risk level of loss is very high. But I hope they will come to cryptocurrency with the intention to learn first and then spend the money to invest.

It is a good news but we also need to realize that the more it is being acknowledged, the more people will make a way to fool other people. Not all of these Cryptocurrency exchange are legitimate since there are only a few Cryptocurrency exchanges that are trusted. I am not saying that it is bad but I am saying as an investor and a trader that we need to be really careful.

It doesn't necessarily mean that cryptocurrencies are being acknowledged in any major way. It does mean that there is money in creating a new exchange, otherwise these people wouldn't remain in business. All this means in my eyes, is that there are people extremely interested in profiting off creating a centralized exchange that is contrary to what Bitcoin was founded for. A more realistic representation of Bitcoin's "acknowledgement" would be increases in the Market Cap, or how much money in being invested into Bitcoin or mining. Even use-cases and large-scale implementations are significant. I would say all of these companies attempting to implement their own form of blockchain is very telling that they are taking cues from Bitcoin.