Topic: Do you think that crypto exchanges are dead? - page 6. (Read 1367 times)
The market wont dead (IMHO), as crypto still growth and new alt's born daily, and im sure the "new market" will develope with their new ideas to make investor stay hold their trading activities inside the market.
One thing you need to know is that ideas never finish. When you think this is over, that’s when you will start to see plenty of new ideas. And of course, some ideas might be similar but they will always try to do something new and a bit different than the old one. And when you see the new style of which they have chose to display that same old idea, you will prefer it than the other. So people never run out of ideas.
Trading site can really be dead if no users,traders and investors use their site like the btc and alts will not move or will not grow so they will force to close their site still i think we have a lot of good trading site here for investment so you can avoid to not use the not good trading site then if you not really trust some trading site you can use some wallets here like coinomi,hardwallet and more like save your btc and alts there that you use for investment
Not having new ideas is not even it. I think any new exchange would be able to compete with the others if they do the right thing and offer good services to traders and investors. People like to try out new things despite that most of them are afraid that it’s likely to be scam, but when they try it and see that it is safe then they will start to spread word about it. But I’m not the type of person that goes from one place to another, once I get what I need I will just stick to that.
According to your reasoning, if the planet runs out of raw materials or prices fall,the commodity exchange will be closed? Of course this will not happen. The same with cryptocurrency, since it exists and actively interacts in the economic space, the demand for the exchange of one currency to another will exist. Only the number of crypto-exchanges, their quality may decrease, and many may close and leave the market, but such exchanges exist for our purposes.They can only die with the death of cryptocurrency or Fiat.
How can be dead if we are stikl trading or tokens and converting into a real currency? As long as bitcoin exist, cryptocurrency will never be dead.
Although there are many barriers and challenges for crypto but I believe it just started and it will not die. It can be adjusted many times but it will gradually stabilize as institutional investors enter the market.
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?
1. Lack of funds
2. The market has already been saturated
3. No original ideas
The big exchange platforms are gaining more grounds everywhere, this making the space more competitive. Nevertheless, some start-ups are really making much sense and are impacting immensely to the blockchain and cryptocurrency space. For any startup to pave through the crowd, it's idea and technology must be very solid.
One of the start-ups to look out for is BLOCKCHAIN BOARD OF DERIVATIVES, the platform combines both centralized and decentralized features of Blockchain to stay aloof the crowd in the space. This is a all-in-one trading platform, that is going to be welcomed when it is launched.
At BBOD users control the destiny of their own funds. BBOD runs a non-custodial smart contract wallet system where all account balances are held by a decentralised smart contract on the Ethereum blockchain. Centralised entities are too often hacked, BBOD adopts hybrid approach to decentralised safety combined with a centralised trading engine ensures the security of your funds whilst maintaining blazing fast transactions speeds, thereby giving the platform an edge over other exchange start-ups.
This is not the only Crypto exchange that is making impact, there are several others who make making the revolution worthwhile, so Crypto exchanges are far from dead.
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?
1. Lack of funds
2. The market has already been saturated
3. No original ideas
The big exchange platforms are gaining more grounds everywhere, this making the space more competitive. Nevertheless, some start-ups are really making much sense and are impacting immensely to the blockchain and cryptocurrency space. For any startup to pave through the crowd, it's idea and technology must be very solid.
One of the start-ups to look out for is BLOCKCHAIN BOARD OF DERIVATIVES, the platform combines both centralized and decentralized features of Blockchain to stay aloof the crowd in the space. This is a all-in-one trading platform, that is going to be welcomed when it is launched.
At BBOD users control the destiny of their own funds. BBOD runs a non-custodial smart contract wallet system where all account balances are held by a decentralised smart contract on the Ethereum blockchain. Centralised entities are too often hacked, BBOD adopts hybrid approach to decentralised safety combined with a centralised trading engine ensures the security of your funds whilst maintaining blazing fast transactions speeds, thereby giving the platform an edge over other exchange start-ups.
This is not the only Crypto exchange that is making impact, there are several others who make making the revolution worthwhile, so Crypto exchanges are far from dead.
Well, its just your opinion and speculations only. I don't believe that crypto are dead, perhaps according to my insight about you was that you are not a real trader. Because the real behavior of a good traders is not what you are thinking it now, its not because when the market its in the moon we can say crypto is alive and when the market is falling down we will say crypto is dead, what kind of mindset is that which you had in your mind. Come on! this is trading what would you expect, the market here was moving not only for buying but of course for selling it too, Where is your common sense? in this situation of the market you don't understand it well.
Based on author's on this thread.
1. Lack of funds
2. The market has already been saturated
3. No original ideas
Saying those list in such visible perspective of yours is quite interesting and obvious too, but it's does not mean that this market is already dead. If the crypto is dead, this bitcointalk.org will also dead too. As long as this site is active, the crypto market is also active and prove it's flexibility and strong survivability at some way.
As long as cryptocurrency space is very much active, there is pretty no reason for the crypto exchanges to even be dying.1. Lack of funds
2. The market has already been saturated
3. No original ideas
Saying those list in such visible perspective of yours is quite interesting and obvious too, but it's does not mean that this market is already dead. If the crypto is dead, this bitcointalk.org will also dead too. As long as this site is active, the crypto market is also active and prove it's flexibility and strong survivability at some way.
The space is big enough, the space is growing every single day, more users are coming in, institutional traders and investors are trying to pick the little they can now, and in a way we are being exposed gradually to mainstream adoption, and from this angle where I stand, I feel we do not even have enough exchanges to cover for how big this space is going to get yet.
Also, considering how much the likes of binance are making from trading fees as well as withdrawal and deposits daily, then obviously, it does not look like something that is dead to me.
Based on author's on this thread.
1. Lack of funds
2. The market has already been saturated
3. No original ideas
Saying those list in such visible perspective of yours is quite interesting and obvious too, but it's does not mean that this market is already dead. If the crypto is dead, this bitcointalk.org will also dead too. As long as this site is active, the crypto market is also active and prove it's flexibility and strong survivability at some way.
1. Lack of funds
2. The market has already been saturated
3. No original ideas
Saying those list in such visible perspective of yours is quite interesting and obvious too, but it's does not mean that this market is already dead. If the crypto is dead, this bitcointalk.org will also dead too. As long as this site is active, the crypto market is also active and prove it's flexibility and strong survivability at some way.
I think what makes exchanges gets volume is the reliability. Most traders prefers an exchange that is user friendly, faster trade engine, secured(not prone to hackers) and most especially bounty programs. And more so talking of binance they have enough capital to organize bounty that will attract the traders and more so, they don't do shit coins.
No, Exchanges aren't dead!
However, they may be changing. Up until recently, the standard has been for centralised, custodial exchanges, like the big names everyone knows Coinbase, Binance, Kraken etc. That trend seems to be changing somewhat, in the sense that newer exchange types are opening and reaching a level of maturity.
Non-custodial (straight exchange services) are cropping up and making a mark - especially those that facilitate fiat entry - not everyone can mine or produce cryptocurrency, they need to start somewhere.
Decentralised exchanges are gaining popularity - even though liquidity isn't high right now, the more people that use them the liquidity will increase.
Atomic swaps, it's not an exchange as such but a method of exchanging between individuals that could become more prevalent in the future as the market grows.
I have a vague idea/theory about the roles of different types of exchanges in the future, but that needs more research and "fleshing out" before I can explain it so that it makes sense.
However, they may be changing. Up until recently, the standard has been for centralised, custodial exchanges, like the big names everyone knows Coinbase, Binance, Kraken etc. That trend seems to be changing somewhat, in the sense that newer exchange types are opening and reaching a level of maturity.
Non-custodial (straight exchange services) are cropping up and making a mark - especially those that facilitate fiat entry - not everyone can mine or produce cryptocurrency, they need to start somewhere.
Decentralised exchanges are gaining popularity - even though liquidity isn't high right now, the more people that use them the liquidity will increase.
Atomic swaps, it's not an exchange as such but a method of exchanging between individuals that could become more prevalent in the future as the market grows.
I have a vague idea/theory about the roles of different types of exchanges in the future, but that needs more research and "fleshing out" before I can explain it so that it makes sense.
What makes you think of it? Of course they won't as long as crypto exist they will continue to exist too. Even a site that has been reported they got hacked still manage to get back and still got a lot of traders. Just like gambling site, exchange site are also escalating. If you think the site doesn't seem good to you or been lacking of something you are looking for. You're free to find another one.
No,they will be alive until the cryptos are exchanging from one to another,but lot of new exchanges were struggling to make the daily volumes just because of the bearish market since people want just to hols their coins to recover from the losses then how they can make the trades at the exchanges.
People tend to innovate and if these platforms can’t offer new advantages, they will certainly die.
It is complicated because you can do everything and lose all trading volume "Nokia" or do nothing and still wanted "Blockchain.info"
I think the future of platforms that allow you to have a cold store of your cryptos plus the possibility of exchange "linking hardware wallets and trading platforms."
What other ideas are left for them to offer? I think the best thing is to stop them from releasing more exchanges they just don’t make any sense, cause they still won’t offer anything new. The only thing they can do is to offer a lesser fees, but to me that doesn’t count. There is a lot of competition but the bigger exchanges that has been around for long will always carry the cup. It is complicated because you can do everything and lose all trading volume "Nokia" or do nothing and still wanted "Blockchain.info"
One of the start-ups to look out for is BLOCKCHAIN BOARD OF DERIVATIVES, the platform combines both centralized and decentralized features of Blockchain to stay aloof the crowd in the space. This is an all-in-one trading platform, that is going to be welcomed when it is launched.
I do not have any information about that platform but their idea seems good.I think the future of platforms that allow you to have a cold store of your cryptos plus the possibility of exchange "linking hardware wallets and trading platforms."
~snip
Unless we really want to be deceiving ourselves, everyone in this space is just busy looking out for their own pockets. I know centralized exchanges really speak against everything that the decentralized space is all about, but right now when it comes to usability, features, and liquidity, they just seem more like a necessary evil at the moment when compared to decentralized exchanges.Not sure what the future holds, but at least for now we just have to do with what is available isn't it ? I know the risk is huge but one way or the other, since there is not much of a choice, we will just have to find a way to keep minimizing the risks, which in this case, I spread my trading fund across 3 different exchanges, and I do not put on exchange what I am not trading; as simple as that.
Crypto exchanges are not dead but whether they will in the long run, that would only be possible with something that will hit the whole space in general for us to have every exchanges hit.
Nope despite its bearish trend and price manipulation btc and other crypto currencies are pretty much progressing and gaining attention too the many corporate and institutional investors, countries, merchants, commerce. Just because the price is depleting it doesn't mean its failing sometimes we need to analyze the fundementals to see the potential of digital assets.
It's like Bitcoin itself, the longer something stays out in front, the slimmer the chance there is of it being usurped.
Going forward, the idea of launching a brand new exchange and it taking any significant market share will seem like an impossible task. The most successful ones will become bigger and ever more entrenched. It's a feedback loop. More users, more liquidity, less reason to go anywhere else. Throw in the ever dependable exit scams that nothing exchanges get up to and the reasons for trying anything new look less enticing than ever.
Non custodial stuff is the only way a new exchange could gain ground. Even then many would want it to run for a long time without glitches before being totally comfortable with it.
Going forward, the idea of launching a brand new exchange and it taking any significant market share will seem like an impossible task. The most successful ones will become bigger and ever more entrenched. It's a feedback loop. More users, more liquidity, less reason to go anywhere else. Throw in the ever dependable exit scams that nothing exchanges get up to and the reasons for trying anything new look less enticing than ever.
Non custodial stuff is the only way a new exchange could gain ground. Even then many would want it to run for a long time without glitches before being totally comfortable with it.
All that depends on the Exchanger it's self, just like we have binance, bittrex and so have you. They are popular due to their services rendered to people and it's well recommend among all so say if I think Exchangers are dead it should be from how they started the projects.
Crypto exchange is not dead. However, the only thing that happened to centralised is that they are not working or function well this day.
It all depends on the exchange you are using. Binance is doing a superb job in making sure their users are satisfied in every possible way. Kraken has significantly improved their user experience as well.Don't let exchanges as Yobit, Cryptopia, HitBTC make you believe that all exchanges are shit, because they aren't. I know the options of exchanges without KYC/AML are very limited, but that's only going to get worse.
Soon every exchange will follow.
Now, people trend to be trading better on decentralized exchange this day.
I wish they did. The reality however is that decentralized exchanges don't provide people the convenience and liquidity that centralized exchanges offer. I don't think much will change in the coming years.Centralized exchanges overall seem to improve slowly but surely, which means that if they no longer mess up as badly as they used to do, there is less reason for people to switch to decentralized exchanges.
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.
The scammers have found a way to make easy money: the exchanges that are being created every day.
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
In this comparison I think I see Coinbase and Binance as the best exchanges, the other exchange still has much to improve
why can’t other cryptocurrency exchange start-ups follow suit?
1. Lack of funds
2. The market has already been saturated
3. No original ideas
1. Lack of funds
2. The market has already been saturated
3. No original ideas
In my opinion are:
1 -) lack of honesty on the part of the creators of exchange
2 -) lack of transparency on the part of exchange
3 -) has no new ideas
4 -) Lack of responsibility on the part of exchange
5 -) Exchange does not have physical office to improve customer service and convey confidence to its customers
Crypto exchange is not dead. However, the only thing that happened to centralised is that they are not working or function well this day. Now, people trend to be trading better on decentralized exchange this day.
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