Do you think it is safe to buy coins that are only listed on one small exchange? - page 2.

JonathaNFTs

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Quote from: masterrex on December 09, 2021, 06:14:54 AM

Quote from: minurre on November 17, 2021, 07:57:41 AM

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

If you ask me directly? here is my response I don't base my judgment regarding when it was listed in the first place, I'm just basing my call on the generalization of the project, on how to spur token demand in the future, I read the content of its whitepaper if those written in the roadmap is possible and applicable in the market and then the team shouldn't be anonymous when I notice that the team is not showing its identity I will not invest in that project that's my way to identify a potential project.

What about Non Fungible Token ?
https://bitcointalksearch.org/topic/nfts-defi-is-this-the-end-of-art-market-intermediaries-how-to-invest-5376124

masterrex

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Quote from: minurre on November 17, 2021, 07:57:41 AM

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

If you ask me directly? here is my response I don't base my judgment regarding when it was listed in the first place, I'm just basing my call on the generalization of the project, on how to spur token demand in the future, I read the content of its whitepaper if those written in the roadmap is possible and applicable in the market and then the team shouldn't be anonymous when I notice that the team is not showing its identity I will not invest in that project that's my way to identify a potential project.

Rahman11

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No, it’s not safe for you, only a low quality exchange listed coins definitely will be not good for future, you may definitely avoid this type of coins and keep your faith over most dependable market peading coins and exchange platform also.

blockman

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Quote from: velive08 on December 08, 2021, 11:31:52 PM

Quote from: blockman on December 08, 2021, 05:37:32 AM

Quote from: velive08 on December 08, 2021, 03:27:05 AM

yes, that basic concept must exist in every trader. Dare to do to get big profits and big capital also determines how little or how much profit is obtained.
You also need to know that not all altcoins are good friends, sometimes there are also memecoins that exceed altcoins.

Getting get profits and use bigger capital without thinking and if you're just a newbie, is a big no. You don't actually have to dare your position upon investing in the market. There's no need for you to rush into investing if they're only on a small exchange.
You do have that preferred coins to invest and if that meme coin is there only and you're too eager to invest in it, remember that not all of them are profitable. There is a likely that you'll eventually incur losses instead of making profits as you say.

I think a person, be it a beginner or an experienced one, if he is able to understand candlesticks or charts on market movements then he is able to reap the benefits of his investment in crypto. that's why I think it's important to risk myself in investing if the goal is to make a profit. Apart from risking yourself it is also very important in understanding the market charts

That's what advantage is. And that's why people who are good in trading and understand a chart, whether the coin is just listed on a small exchange and it's only one and they see it as something profitable to trade with, they'll still trade.
But just for the safety of our money, if you want to be safe with your money to invest, you should just trade with confidence with those coins that are listed in several exchanges.

Gorosden

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We don't buy altcoins because they are listed on binance exchange and other big exchanges, remember that all coins started from small exchanges before they get listed on big exchanges, for example a new coin must have a certain amount of market cap to get listed on binance exchange

RealMalatesta

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Quote from: minurre on November 17, 2021, 07:57:41 AM

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

Exchanges do matter a lot , but sometimes there are projects that the devs wouldn't have enough money to afford launching their coins or tokens on a big exchange like Binance and the rest of them, so they might just decide to start with small exchange to at least get started and not keep their investors worried about the project.

So, it's a thing of whether the project is good enough, if they are really good, then the exchange might not really be a problem at all, as with time they are going to launch it on bigger exchanges once they have gotten the money that is need for them to be able to do that kind of thing. Although the good thing about being launched on a bigger exchanges is that it shows that the project is less likely to fail.

HashingTower

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Yes it's safe because not every good coins will list on big exchanges from day one, what should matters the most is how good the project is then they will find their way to better exchange as volume grows, some are faster and some are slower it depends on the project's team.

19Nov16

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I don't think it's a problem, big coins always start from small exchanges, as long as we are free to deposit and withdraw coins to a private wallet then this is not a problem, I often buy new listed coins on small exchanges and some are successful until they go up more than 100x.

velive08

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Quote from: blockman on December 08, 2021, 05:37:32 AM

Quote from: velive08 on December 08, 2021, 03:27:05 AM

yes, that basic concept must exist in every trader. Dare to do to get big profits and big capital also determines how little or how much profit is obtained.
You also need to know that not all altcoins are good friends, sometimes there are also memecoins that exceed altcoins.

Getting get profits and use bigger capital without thinking and if you're just a newbie, is a big no. You don't actually have to dare your position upon investing in the market. There's no need for you to rush into investing if they're only on a small exchange.
You do have that preferred coins to invest and if that meme coin is there only and you're too eager to invest in it, remember that not all of them are profitable. There is a likely that you'll eventually incur losses instead of making profits as you say.

I think a person, be it a beginner or an experienced one, if he is able to understand candlesticks or charts on market movements then he is able to reap the benefits of his investment in crypto. that's why I think it's important to risk myself in investing if the goal is to make a profit. Apart from risking yourself it is also very important in understanding the market charts

Snappycoco

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Quote from: minurre on November 17, 2021, 07:57:41 AM

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

Some big exchanges requires volume for a coin to be listed. Just like binance, I heard that they require a 5M$ of any coin who wants to be listed in their added by the fee for listing. This is where this little exchanges helps. Don't underestimate these coins specially those who really have a real life usage. They may be listed to smaller exchange and that is because of the fact that they are limited to what other exchanges requires. Just beware to those scam ones.

Queenboss

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The issue with new projects is that there's a high tendency of the project failing and the developers abandonment. This is my major consideration when it comes to investing in new projects. Considering the listing on small exchange is another great risk because they can easily be hacked owing to the fact that the exchange may lack the capacity to invest in modern technology gadgets which can prevent hackers from penetrating.

2girls

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In this case i clearly said that its not a safe because some time you buy a coin in high amount but it will not list in another big exchange and so the coin price are come to Down and you receive a high loss.
So cannot believe this type token and the other is that you buy a coin but that type which team is responsible and honorable .

blockman

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Quote from: velive08 on December 08, 2021, 03:27:05 AM

yes, that basic concept must exist in every trader. Dare to do to get big profits and big capital also determines how little or how much profit is obtained.
You also need to know that not all altcoins are good friends, sometimes there are also memecoins that exceed altcoins.

Getting get profits and use bigger capital without thinking and if you're just a newbie, is a big no. You don't actually have to dare your position upon investing in the market. There's no need for you to rush into investing if they're only on a small exchange.
You do have that preferred coins to invest and if that meme coin is there only and you're too eager to invest in it, remember that not all of them are profitable. There is a likely that you'll eventually incur losses instead of making profits as you say.

savetheFORUM

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Quote from: minurre on November 17, 2021, 07:57:41 AM

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

Even highly reputed exchanges do get hacked, not to talk of small exchanges that might not have what it takes to fight hackers who will attempt to hack into their systems. So, it’s quite a risk for you to be making use of a small exchange, because you can be a victim if the exchange happens to get hacked. Though it’s still a thing choice, if you want to try, then you can go ahead. Just be very sure that the exchange you’re talking about is not a scam exchange that would give you exchanges tomorrow and zoom off with your money. So be very sure of the exchange first.

velive08

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Quote from: velive08 on December 07, 2021, 01:00:25 PM

Quote from: mamesso on December 07, 2021, 09:11:24 AM

Quote from: husdemba on December 05, 2021, 07:22:33 AM

Sometimes it is necessary to take big risks for big incomes. ~~

Successful traders are those who dare to take risks. Behind the risks of investing in cryptocurrency, There is a very good profit potential. Yes, the greater the risk, the greater the potential profit that can be obtained.

Why Elon Musk is so idolized by entrepreneurs around the world, because of the success of Elon Musk dared to take risks when his company almost went bankrupt. Now EM is enjoying the rewards because his company is worth billions of dollars (Tesla and SpaceX).
In every action taken, will be exposed to various risks. Cryptocurrency not only offer big incomes, but can make a trader poor overnight.

The trader mentality will grow when have experienced a fall. So I want to say (Only trader who dare to take big risks can reap big reward).

I agree with your statement. Dare to take risks is a basic attitude that a trader needs to have, besides that for a trader who wants a big income in an Altcoin wave, of course he has large capital and is able to understand the market, if it is not able to be understood by a trader then the results will not be achieved and always fall.

The basic concept of courage is indeed needed in trading, but we also have to master various things in doing all of that, altcoins are better than meme coins, even altcoins can be used using short-term patterns to invest, depending on the chosen altcoin and has prospects in the market. However, capital will determine the amount of investment that we will receive, provided that courage must be accompanied by the right concepts and analysis.

yes, that basic concept must exist in every trader. Dare to do to get big profits and big capital also determines how little or how much profit is obtained.
You also need to know that not all altcoins are good friends, sometimes there are also memecoins that exceed altcoins.

velive08

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Quote from: mamesso on December 07, 2021, 09:11:24 AM

Quote from: husdemba on December 05, 2021, 07:22:33 AM

Sometimes it is necessary to take big risks for big incomes. ~~

Successful traders are those who dare to take risks. Behind the risks of investing in cryptocurrency, There is a very good profit potential. Yes, the greater the risk, the greater the potential profit that can be obtained.

Why Elon Musk is so idolized by entrepreneurs around the world, because of the success of Elon Musk dared to take risks when his company almost went bankrupt. Now EM is enjoying the rewards because his company is worth billions of dollars (Tesla and SpaceX).
In every action taken, will be exposed to various risks. Cryptocurrency not only offer big incomes, but can make a trader poor overnight.

The trader mentality will grow when have experienced a fall. So I want to say (Only trader who dare to take big risks can reap big reward).

I agree with your statement. Dare to take risks is a basic attitude that a trader needs to have, besides that for a trader who wants a big income in an Altcoin wave, of course he has large capital and is able to understand the market, if it is not able to be understood by a trader then the results will not be achieved and always fall.

mamesso

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Quote from: husdemba on December 05, 2021, 07:22:33 AM

Sometimes it is necessary to take big risks for big incomes. ~~

Successful traders are those who dare to take risks. Behind the risks of investing in cryptocurrency, There is a very good profit potential. Yes, the greater the risk, the greater the potential profit that can be obtained.

Why Elon Musk is so idolized by entrepreneurs around the world, because of the success of Elon Musk dared to take risks when his company almost went bankrupt. Now EM is enjoying the rewards because his company is worth billions of dollars (Tesla and SpaceX).
In every action taken, will be exposed to various risks. Cryptocurrency not only offer big incomes, but can make a trader poor overnight.

The trader mentality will grow when have experienced a fall. So I want to say (Only trader who dare to take big risks can reap big reward).

tyz

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Quote from: nurulhmani1280wat on December 06, 2021, 07:45:43 AM

The risk is very high if you trade on a small exchange it is very easy to hack because the security is very low, I say you should buy coins that are listed on a large exchange which is guaranteed to be safe from hacker attacks.

Security issues are not really an important issue for exchanges, in my opinion the biggest problem is the opportunity to be a scam, too often we hear cases that exchanges are scams, or for no rational reason they close their business and don't provide an opportunity to withdraw because they get big profits from members who deposits.

I don't quite agree with you there. Correctly, there are of course also more scams on smaller exchanges, because the listing checks are not quite as intensive as on the large exchanges. In addition, it is easier to buy the listing on smaller exchanges and place a possible scam project accordingly.
But even more important is that smaller Exchanges generally do not have such high technical security measures, because they also do not have the resources for it. Over the last few years I have seen so many smaller exchanges go out of business because they have been hacked. That is the biggest risk for me, more than scams.

velive08

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Quote from: minurre on November 17, 2021, 07:57:41 AM

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

I have doubts about such a project, but every project has a roadmap, maybe you can check it first, maybe in the next year they will list on several more exchanges according to the project roadmap. I personally have more confidence in tokens that are listed on many exchanges.

abralzain17

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Quote from: minurre on November 17, 2021, 07:57:41 AM

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

I don't understand the project you mentioned, but before that I also experienced it as you said, I also invested in 1 AURORA / AOA project, I saw that the project was manipulated a lot by the team and developers, apart from that AOA can only do its activities only In 1 exchange, namely Indodax, although it is registered in several exchanges, on other exchanges such as AOA Kucoin, it is locked and cannot carry out market activities.
well,, for projects that are listed only on a small exchange or only on one exchange, you should leave it, don't invest in it.

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