Topic: New Exchanges Are Coming? But It is OK? - page 10. (Read 2629 times)
It is one of the lucrative sector in ICO hence many people getting involve. The fees generated through trading is what makes it profitable for many exchanges coming up.
Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
These exchanges, they come and go. Most of them are so useless, they would act like they are building their reputation but in reality, they are just trying to deceive people. Exchanges are asking for KYC and crypto enthusiasts aren't liking it. So most of the exchanges just build their trust and block everybody's funds overnight. The more exchanges exist, the average price starts to differ. Its a good thing, as the law of demand and supply can work more rationally. If lesser exchanges exist, the price can be manipulated by insider trading and many other illegal practices. Exchanges aren't the only thing that affect the prices.
Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
They are coming out with more improvement for some the things to make trading peaceable and enjoyable for everyone with expert or newbies in the Crypto space. Some platform are too hard to navigate. The user interface is not friendly. While transactions fee too high. In term of general market.. I do think because of more exchange will affect the price.. No.
Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
Yeah that's true but how can make sure the security of their investors and the legitimacy of the excahnge because its very important to for us to avoid scamms or losing of the investment.
I will introduce to for guys this trading exchange nexybit please to learn and registered to this newly trusted platform.
Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
I don't think this is a bad thing. If the exchange does something harmful to its image, it doesn't make sense to create it. So for 5-10 Bitcoin they can not want to look like a thief.
The worst thing that every huge exchanges are centralized. That mean is there is not a freedom and when they want can block your money.
I would say, the more the merrier! 
To be honest, each new player in the market is supposed to bring something new, pushing all participants to innovate and create solutions that were previously unavailable. Thus, it is a good thing for new exchanges and trade platforms to open up business for cryptos. If you wish to check out some existing platforms, read this blog https://www.cryptocointrade.com/.
To be honest, each new player in the market is supposed to bring something new, pushing all participants to innovate and create solutions that were previously unavailable. Thus, it is a good thing for new exchanges and trade platforms to open up business for cryptos. If you wish to check out some existing platforms, read this blog https://www.cryptocointrade.com/.
Competition is a very good thing in business as it will enhance improvement in customer service, turn around time and ultimately lead to good rate for customers. One important thing is to be sure to check very well before you deal with any new exchange because some existing exchanges still have reputation issue.
Today I asked in a telegram group that " when will this coin listed on a new exchange? " Admin replied, In August we will launch our own exchange platform! I was really shocked! Why are so many exchnages coming now, why? It is not good for the crypto and I have agreed with you that it separates the volumes and maybe it affects on the coin price. We may avoid new exchanges, because many people are making the exchange platform to scam people.
Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
I think it is ok because people has a lot of choices what exchange to be use and not all coins are listed in just one exchange.More exchanges also means that crypto continue growing no matter what happen to the market. There is no one can stop the development of cryptocurrency.
Yes definitely it's a good impression for the bitcoin and other digital currency holders that more and more exchanges are coming which can cause the more coins are on exchange and people have to wait lesser and it can cause the more regulations of the digital currencies around the globe.more the regulation the more the coin would be stables.
Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
I do see that there is a lot of new exchange in the future, but I do not think it will affect the price of coins, because the more new exchanges, it will be a lot of options for us to trade, and we can compare it with the exchange of each other. 
I think its ok and its great to have more exchanges, who knows the site can promote better than other exchanges and attract more people to invest in crypto, as long as the new site got a good security and serious about creating a good and legit site, then I think its okay, and new exchanges won't affecting the price
This are good news for crypto currency market, a new additional coin in the market as posted. Almost every investors would set up their product for possible ICO, this is the new trend on the market today. product posted for ICO have a high degree to attract more investors in the market. it only dependent on what kind, how it is feasible in the market, and we will see a lot more exchange soon in the market.
yes I am also thinking too.but my opinion is,may be many exchange are coming but they are not good potential.so we should be careful about new exchange. new exchange can't effect for market rate I think.becouse not much peoples to trade in new exchange so that volume is no large. that is the main issue I think.
Just because an exchange site didn't have large volume doesn't mean they are not safe or won't have good impact in the cryptocurrency market. However, most of the new exchange perform ICO sometime in other to boost their volume. 
yes I am also thinking too.but my opinion is,may be many exchange are coming but they are not good potential.so we should be careful about new exchange. new exchange can't effect for market rate I think.becouse not much peoples to trade in new exchange so that volume is no large. that is the main issue I think.
It is fine and that gives the investor more choices. I hope they are out to compete fairly and put investor interests first ,no fraud or property theft.
Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
It depends on what is the main objectives of this exchangers because this will be the sanctuary of the funds from the investors and campaign participants of every projects.
If this exchangers are really wanted to have good controlnd management of those coins then this is helpful but if they were just doing this to victimize the people then we must be vigilant
It's good and bad at the same time.
Good:
- Multiple trading platforms increase the decentralization.
- It reduces the impact of hacking.
- More currency distribution and more payment options.
Bad:
- It makes cryptocurrencies more like banks, in the long-term.
- Adds more restrictions on the use of Bitcoin as some platforms will require a lot of documentation.
- You do not have your private keys, meaning you do not own your currencies.
Good:
- Multiple trading platforms increase the decentralization.
- It reduces the impact of hacking.
- More currency distribution and more payment options.
Bad:
- It makes cryptocurrencies more like banks, in the long-term.
- Adds more restrictions on the use of Bitcoin as some platforms will require a lot of documentation.
- You do not have your private keys, meaning you do not own your currencies.
More exchanges are fine as long as they're legitimate and secure. More competition means better rates for everyone.
Well said. I can't agree more.
more competition, it would be better also service that will exist
the community can get more choices, it may be true, if the volume is still small, the effect on the market price of coins is not so great
but, everything will grow in time
Yes i think it would be great to see a competitive market and hopefully could increase the kinds of services we could choose from, but more importantly is the security of one exchanges we wpuld like to choose, or over all ots quality of service we can avail in an exchange.the community can get more choices, it may be true, if the volume is still small, the effect on the market price of coins is not so great
but, everything will grow in time
yeah this effect makes new assets more regular and can be traded in new markets and the existence of new markets create new assets that can not afford to be listed in top market can move register in new market.
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