Topic: New Exchanges Are Coming? But It is OK? - page 2. (Read 2629 times)
As more coins enter the Blockchain ecosystem, more exchanges are required to ensure a well-facilitated trading system of cryptocurrencies. This is where trading takes place to give meaning and value to the coins we possess. It will even be better if every country has an exchange aside the top exchanges in the world.
Conception is good so as to eliminate monopoly. One good thing is that trade volume will separate the good exchange from the poor ones
We need as many exchanges as possible. This will bring in more awareness to the Bitcoin exchange space, and invite more investors to the industry. People should be able to buy bitcoins at ease on the go, at work or anywhere in the world. Learning how to invest in bitcoin is an excellent strategy for benefitting in the long-term from the Blockchain - which is only a 10-year-old technology.
New players in the crypto exchange business is good because this will force the existing exchangers to improve their services. They need to evolve and keep developing and improving their line of services. Just look at Nokia, they were number 1 before but they didnt evolve and improve where are they now. Before I am a loyal Poloniex user, but now I switch from Binance to Bittrex.
That's a very clear observation these days. There are a whole lot of cryptocurency exchange platform in the crypto community but unfortunately most of these platforms are not well secured enough. Hackers are absconding with the funds of users almost every now and then. I wish we could have some regulatory body that could check for the security systems on exchange platform to prevent these hackers from having access to the funds of users on several exchange platforms.
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 many exchange is fine because the circulation is still the same. Its alright to have many exchange as long the exchange is good and secured and also no something fishy doings.
That is normal because they want business and they want also to earn just like banks everywhere anywhere it does have banks so that is why same in exchange and as we can see also that everyday their is a new token or a ICO that need to exchange. But we need to be careful on some of exchange because their is also a scam that they getting your money or coins.
Exchangers are now really quite a lot, but absolutely not all of them are profitable and safe. Therefore, you need to study well each exchange with which you are going to work in order not to get into an unpleasant situation. And such a huge number allows you to choose the best for your use.
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 many exchange is fine because the circulation is still the same. Its alright to have many exchange as long the exchange is good and secured and also no something fishy doings.
I do not see any drawbacks in the fact that now so many exchangers. You can carefully study them and choose the most profitable and convenient for you. Therefore, such a large selection is beneficial for investors.
Competition can be healthy. While this means we should take more time in researching each potential investment, this competition allows for the development of products with better features. Each exchange will have to stand out in one way or another, right? Have you come across any new exchanges with huge potential? Would love to share thoughts.
It is good to have more exchanges, healthy competition is always good and can help in price reduction.
Yes, its a healthy competition but not all exchange are good to use because most of them are asking for a huge fees, with poor customer service. So if you are going to trade, choose a good exchange to store your money, its important to do this.
It's not okay if they are only small exchanges or an exchange run by an inexperienced and few members of a team. As we all know, small exchanges are much more vulnerable to hacking or to commit exit scams right from the start.
It is not affecting the volumes because most traders like to have many exchange platform because it could create great anticipation towards investors that could lead up to healthier market for crypto currency and for the traders as well. There are exchange platforms are emerging recently and mostly came from ico so let's hope these exchanges will be good as other reliable exchanges in the market. But we just have to be careful that not all exchanges are legit, there are cases some turned out to be scam recently.
I think it's not affecting the price, it same that there are many money changers in your country, is it affect your money value? I think it's not, because they just exchange the value between currency
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?
The exchanges would surely come up as the world of cryptocurrency advances. I believe that there are two sides of the coin, there are both positive and negative sides of the exchanges. I think the numerous exchanges can help promote a healthy competition among the exchanges so they can improve upon their services.
Moderation is the key.To know how to arrive at moderate number or the number of exchanges that can be called moderate is really an issue. The more the exchanges, the more the competition. When there are competition between exchanges it creates room for positive values expected from exchanges, such as: security, low transaction fees, among other good qualities. Having too many exchanges can lead to few people in a platform which may increase trading time, etc.
Must know about new exchange market and then you go trading. All new exchange market are not ok for use. Because we heard, there are many scam exchange market. Where you will lost your assets. Some new exchange are good for trade you can trading these market.
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 really believe we don't need so many crypto exchanges, but at the same time it's ok that the traders have a wide choice of the exchanges, not every exchange will get success, the half of them will die.
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?
Yes ...i personally think is ok ..and is healthy for competition in space...they bad actors will die with time!! And they very innovative ones will survive and succeed!
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