Do you think that crypto exchanges are dead?

bhadz

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Quote from: Caladonian on February 12, 2019, 07:22:29 AM

Quote from: bhadz on February 12, 2019, 06:09:27 AM

Quote from: davinchi on February 12, 2019, 12:57:11 AM

If you’re talking about lack of funds, that’s not a problem for exchanges that has been around for long. Only those that are new can have such a problem. That’s why I don’t go for new exchanges.

I don't also prefer to take some moments to visit or experience trading with those low volume exchanges. I don't want to experience some problems that usually happens for those new exchanges and what we see today, many of them keeps on operating and launching new exchange. They believed, they are better than the existing ones though some of those old and existing exchange also experience problems but if they are new and has some problems from the beginning like for example with funds, they won't survive in the long run.

Old exchange already gained trust from traders who used their service, they can easily work with experienced investors and can manage to solve
issues that was raised while the trading are onset, that's the big differences between old and new exchange, traders who doesn't like to encounter
issues will prefer to use old exchange that they already knew how to play inside, the rules inside can easily practice while in those new one they need
to work out to learn more about.

Old exchange stand still as market for crypto still growing, they are into this business and they are ready to adopt and cater investors and traders needs.

And it's why we should don't take a gamble with the new exchange, it's okay to try them, test them and look if they have a good feature but trusting them mostly with your funds to trade with, I don't think it's a good idea for new exchanges. Just to have no mess and headache, I'll stay with the old ones. I just learned from those past experiences of others that we should take those new exchanges seriously unless they really are serious with what they do.

Caladonian

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Quote from: bhadz on February 12, 2019, 06:09:27 AM

Quote from: davinchi on February 12, 2019, 12:57:11 AM

If you’re talking about lack of funds, that’s not a problem for exchanges that has been around for long. Only those that are new can have such a problem. That’s why I don’t go for new exchanges.

I don't also prefer to take some moments to visit or experience trading with those low volume exchanges. I don't want to experience some problems that usually happens for those new exchanges and what we see today, many of them keeps on operating and launching new exchange. They believed, they are better than the existing ones though some of those old and existing exchange also experience problems but if they are new and has some problems from the beginning like for example with funds, they won't survive in the long run.

Old exchange already gained trust from traders who used their service, they can easily work with experienced investors and can manage to solve
issues that was raised while the trading are onset, that's the big differences between old and new exchange, traders who doesn't like to encounter
issues will prefer to use old exchange that they already knew how to play inside, the rules inside can easily practice while in those new one they need
to work out to learn more about.

Old exchange stand still as market for crypto still growing, they are into this business and they are ready to adopt and cater investors and traders needs.

bhadz

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Quote from: davinchi on February 12, 2019, 12:57:11 AM

If you’re talking about lack of funds, that’s not a problem for exchanges that has been around for long. Only those that are new can have such a problem. That’s why I don’t go for new exchanges.

I don't also prefer to take some moments to visit or experience trading with those low volume exchanges. I don't want to experience some problems that usually happens for those new exchanges and what we see today, many of them keeps on operating and launching new exchange. They believed, they are better than the existing ones though some of those old and existing exchange also experience problems but if they are new and has some problems from the beginning like for example with funds, they won't survive in the long run.

davinchi

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If you’re talking about lack of funds, that’s not a problem for exchanges that has been around for long. Only those that are new can have such a problem. That’s why I don’t go for new exchanges.

There are good exchanges that you can rely on, just like Binance, Coinbase, Bitfinex and Huobi. But if it’s for the rest, I can’t really say if they are reliable, these ones have been around for a long time and they are very much reliable than others you will see. And the market is not dead, there will always be up and down, that’s the risk we talk about.

boled

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if what you mean is a market exchange for crypto, then my answer is not yet, still far from death. in fact, I still believe that crypto will be more advanced and more familiar in the world. even now it's actually still far from popular, it will be much more popular later.

jakasantosa

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The new crypto exchange if it has many members and many investors come will not die because the development of exchanges is always increasing and there are security updates. Funds that coming will always spin in the crypto exchange.
If the crypto exchange does not update security, the crypto exchange will be abandoned by many members, causing the crypto exchange to die.

chits

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crypto exchanges are quite effective, trades are also held, perhaps because there is already competition, the struggle for users, I think that at such a time of a bear market, new, more interesting and simple exchanges will appear for ordinary users. I think this is a good sign.

Darkoth89

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And another exchange is gone: https://cointelegraph.com/news/ukrainian-crypto-exchange-liqui-shuts-down-cites-lack-of-liquidity

A little bit ironic that Liqui has to go offline because of a lack of liqui(ditiy) Grin

South Park

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Quote from: akuser on January 28, 2019, 07:25:34 PM

New exchangers will find it difficult to survive this situation, but I'm sure a large exchange will last and the market will return.
Forget about ico and refocus on altcoin trading in exchanges that have large volumes.

A new exchange will always find an interested community as long as they do not ask for KYC like many other exchanges, but as soon as that exchange becomes successful you can be sure the authorities will begin to pressure the owners of the exchange to change that policy and that is when things begin to go downhill, that is why decentralized exchanges are attractive because regardless of the desires of governments such an exchange is very difficult to to control.

akuser

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New exchangers will find it difficult to survive this situation, but I'm sure a large exchange will last and the market will return.
Forget about ico and refocus on altcoin trading in exchanges that have large volumes.

omonuyak

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I don't think cryptocurrencies exchange are death and the exchange that has the capacity that you have mentioned maybe another add features in cryptocurrencies market developments. I could say that bitcoin is halving and we just need to see the end of everything before judging what is happening.

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Quote from: dzhan on January 25, 2019, 05:04:25 PM

No, crypto exchanges are still alive and working, but the whole crypto market is actually down, and that's influenced badly the exchanges as well. The number of investors and traders decreased because the risk seems higher with this market situation.

That's is right most of us are also affected by the situation of the market not only the investors but also the upcoming ICO projects.

Cryptoprimes

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Quote from: dzhan on January 25, 2019, 05:04:25 PM

No, crypto exchanges are still alive and working, but the whole crypto market is actually down, and that's influenced badly the exchanges as well. The number of investors and traders decreased because the risk seems higher with this market situation.

Of course. I guess crypto exchanges feel ok right now, they understand all the shadow games of big fishes and just waiting for next bull run. Also, they optimized the costs structure, decreased teams, and probably earning something. Their condition is much better than maybe for miners.

ellehcar

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Quote from: juwon55 on November 06, 2018, 09:31:21 AM

Is cryptocurrency dead? As long as cryptocurrencies exist, there will always be platforms to exchange/trade crypto. If you’re referring to start-ups exchanges, they may be facing serious challenges which maybe threatening to their existence. One of the problems the cryptospace is facing is copy and paste and repetition of projects with different names, innovation and creativity is fading out in the space.

Let us compare the older cryptocurrency exchange platforms like (Coinbase, Bitfinex, Bitmex, Kraken, Gemini, Poloniex, Bittrex, Gate.io, and Huobi) to the new ones like (Bitforex, Indodax, Coinbe , Hotbit , DigiFinex). Why are the new crypto exchange platforms struggling to hit the lime light?. Binance is about a year old and has made much impact in the cryptospace, why can’t other cryptocurrency exchange start-ups follow suit?

No, I don't think cryptocurrency is dead neither exchanges. Trading will always remain as long as there are cryptocurrencies, and so exchanges will. I think the reason why many exchanges are struggling now is because the competition is stiff. There are many exchanges now in the market, and people would, of course, stick to those who have already established trustworthiness and reliability in the community. And yeah, another factor is the lack of funds to increase the volume and to maintain the reputation of listing only the best of the best performing coins, and this is where Binance is reputable at. More so, many of the exchanges now sprouted when the market is at its peak nearly going down. Of course, established projects won't dare list their tokens on them. So what these new exchanges usually get are new projects which are highly affected by the hard downturn of the market. That's why they are barely surviving and finding it hard to root out in this industry.

hahay

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As crypto continues to grow, there will be more crypto exchanges available, but not a few old exchanges that might disappear because of several problems, such as hacking, strict policies / regulations etc. With so many exchanges, this will make it even tighter in this business, we know every user has different tastes to switch to an exchange, whether it's fees, security etc. But every exchange has a policy that is not much different and KYC is the main one right now, even for less popular exchanges have implemented it too, whereas on the other hand we are always worried about KYC that might be traded on darkweb/darkmarket.

dzhan

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No, crypto exchanges are still alive and working, but the whole crypto market is actually down, and that's influenced badly the exchanges as well. The number of investors and traders decreased because the risk seems higher with this market situation.

South Park

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Quote from: @prashant on January 22, 2019, 01:20:09 PM

Nope ,Kyc is the major reason in my opinion which has result in decrease in users of exchange and after 2017 many government made restricted decision which is also caused decrease in user base but crypto exchange are not dead and as competition is increasing between exchange we are seeing many advantage to users as we have not seen in past.but some exchange should be dead as they are useless or do not have liquidity.

KYC is definitely a factor but centralized exchanges have greater problems than that, decentralized exchanges are finally appearing and getting some volume, not much compared to them but as the technology gets better people will prefer to use such exchanges since they offer many advantages over the traditional model offered by centralized exchanges and once the lightning network is ready we could use atomic swaps to exchange our coins without any third party which will take even more users away from centralized exchanges.

marketone

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I hope all exchanges are not good but we need to follow specific rules and regulation of the exchanges. Once registering into exchanges we have to follow their rules and regulation but we need to check whether the exchanges has strong security levels.

@prashant

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Nope ,Kyc is the major reason in my opinion which has result in decrease in users of exchange and after 2017 many government made restricted decision which is also caused decrease in user base but crypto exchange are not dead and as competition is increasing between exchange we are seeing many advantage to users as we have not seen in past.but some exchange should be dead as they are useless or do not have liquidity.

bitbunnny

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I don't think that exchanges are dead but some of them will disappear from the scene. High and strict regulation demands will force them to adjust their business and some of them will not survive that process. But those who will will run legitimate and professional business and that is only in favour of users. Although competition is good to my opinion at the moment there are too many exchanges and not all of them run legitimate and fair business so some selection will do them good.

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