Topic: cryptsy and market saturation - page 2. (Read 2829 times)

I don't think you can blame Cryptsy for all the crap coins, they are simply providing a service to people who want to buy certain coins. There will be new coins until people stop buying them. That's a free market, but even free markets run into issues like market saturation. The market is a specialist market at the moment one or two will eventually rise to be the contenders for the mainstream and then the rest will sink into obscurity IMO.


In other words just let the free market shake things out, trying to control it won't achieve anything of people want to buy the lesser coins they will somewhere else. How you decide what is crap or not anyway? All coins have to start somewhere and who is to say Dogecoin for example is good or bad? It's popular but didn't add any functions to already existing coins but has function simply cause it's popular. Who at the beginning of Dogecoins life would say it has a viable future?

Of course there is nothing stopping someone opening an exchange called something like quality coins and only sell what they perceive are the top coins. You could also only sell the top market cap coins but in the end it's artificial compared to just letting people decide what they want to buy. The free market and the invisible hand has an amazing power to separate the wheat from the chaff. I just wish our governments understood that.

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+1

Normally I would have picked up on it but there are so many deluded people here that I thought you were just one of them.

I've made a mental note of the initials BCX to not make sarcastic replies to.

shit, so is the joke on me now ffs? :-)

BCX was speaking in jest 

I wouldn't roll on the floor laughing, he said "established" coins had no volume.

So the joke is on you, fella!

Cryptsy went way over the top, then CoinEx followed to keep up. Half the coins added now seem to crash immediately.

Fair enough if it is about business, but I wonder whether in the long-term it will really pay off.

You hit a point where you just won't bother with anything other than BTC, LTC and maybe a small handful of promising coins.

Yes, yes and via a nice downtrend lol

More a love/hate relationship, where else would I dump my crapcoins? but seriously on the established coins hardly the volume there to trade, so rarely do anymore.

Markets showing all the signs of market saturation, and what does cryptsy do; add more coins 

You all know where this is heading?

Well it'll end up just being the newest pump n dump coin everyone will pile into, leaving the old to slowly die (except a few hardcore followers), then repeat, repeat, repeat.......yeah cryptsy will make fees of the lastest coins, so it'll be indifferent to them, but it'll help destroy alts on the most part.


Whats needed? A decent exchange, that limits the coins it adds, does research on said coins and only adds coins that meet a certain standard.