Topic: Market making is good, or BAD for crypto because... - page 2. (Read 422 times)
Market making for each cryptocurrency varies, just think of bitcoin compared with other altcoins available in the market. It has got its own platform where the demand to supply availability creates the value rise, similar thing is with Litecoin. Ethereum got its own smart contract, likewise every top altcoins have a control without any authority making the moves. This way the growth happens independently. The same isn't happening with the entire list of altcoins available in CMC.
Market making is good for any market or currencies as it creates liquidity. If you want to become a market maker you might want to consider using a bot like hummingbot that allows you to create liquidity on decentralized exchanges as well as on major centralized exchanges like Binance & perform arbitrage trades. But be careful as you will compete with other people which are probably using the same software and/or strategy like you or even more sophisticated ones. Execution speed is imperial when doing market making - which is basically profiting from the bid/ask spread.
Is Market making is good, or BAD for crypto.
If it's good then why?
And if it's bad then why?
Give me your opinion
^ Other cryptocurrencies that undeveloped was considered as bad, those came from ICO's project that failed on their launching. But it is different from bitcoin. Bitcoin is good for investing in the long term, and I think it doesn't give bad sides to the market. Even it has encountered downtrend but it will bounce again. The entire crypto market is very volatile, I can't decide whether bad or good because sometimes it will raise up and make a better profit. It will depend on people's adoption of bitcoin and the entire market will follow. If it's good then why?
And if it's bad then why?
Give me your opinion
The bitcoin algorithm makes it possible to control the entire market.
Mining (maker) creating new coins that can be sold "in case not everyone wants to sell their currencies" This creates a kind of scarcity and thus increase the price of a currency, which forces some greedy to sell their currencies.
the Bitcoin model makes things seem decentralized without central intervention.
This is about Bitcoin, but many cryptocurrency models are economically bad.
Mining (maker) creating new coins that can be sold "in case not everyone wants to sell their currencies" This creates a kind of scarcity and thus increase the price of a currency, which forces some greedy to sell their currencies.
the Bitcoin model makes things seem decentralized without central intervention.
This is about Bitcoin, but many cryptocurrency models are economically bad.
Will you get an answer when you know where you are.
Are you an ICO Investor, Bounty Hunter, Trader or other part in the circulation of crypto currencies?
I think Crypto has a good future, the fact is that bitcoin still has a higher value than the price of gold.
Are you an ICO Investor, Bounty Hunter, Trader or other part in the circulation of crypto currencies?
I think Crypto has a good future, the fact is that bitcoin still has a higher value than the price of gold.
Is Market making is good, or BAD for crypto.
If it's good then why?
And if it's bad then why?
Give me your opinion
If it's good then why?
And if it's bad then why?
Give me your opinion
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