Sorry We are Closed - page 2. | Bitcointalksearch.org

Bohdan Rabeha

copper member

Activity: 377

Merit: 0

I'm from #GenerationB

Quote from: arjuna BTC on April 22, 2019, 12:34:04 AM

Cryptocurrency exchange Coinnest, once South Korea’s third largest exchange, is closing down.
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure

but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you

Exchanges come - exchanges go.

I do not care what happens to these exchanges and what's their problem. I use 2-3 exchanges. In my opinion, they work very well today and will work tomorrow. Of course, more reliable exchanges will come to their place and they will have even more opportunities and it will be profitable to work with them.
But i want to see decentralized exchanges. Let the experts make them perspective and we will add the volume of trade on them. I think i'm not the only one, so waiting for them.

Necroface

full member

Activity: 518

Merit: 102

simply getting the job done

allways this happens, big fish eats little fish. they do not have enough customer, enough earns, and enough team, so there is no meaning to continue the fighting. i believe soon only there will be few, also it is a really hard work to guard from hack attacks.

guoyu78

hero member

Activity: 1190

Merit: 541

Quote from: burky156 on April 26, 2019, 09:46:41 PM

There are already too many cryptocurrency exchanges out there and i really can't understand why still people would open new exchanges.. As far as i know we have more than 3000 exchange altcoins and more than 700 exchange. Isn't that too much? I believe that there will be more exchange will close if we go in this way. This is bad for the coins and very bad for the traders i think..

Normally we will be needing lots of exchanges in the future when the crypto market explodes in volume, people will need more of their services, but for now, we have not reached that stage and I don’t think it is that necessary to have new exchanges, because like you said, they will just keep closing down due to lack of volume and especially now that everyone wants to fully associate with successful and fully established exchanges like Binance, and these big exchanges has got the power and volume to push these other smaller ones aside, so many new projects should just suspend their services for now for the future.

Perfect35

member

Activity: 854

Merit: 10

Quote from: arjuna BTC on April 22, 2019, 12:34:04 AM

my questions is, does we still need more exchange in this industry ?
thank you

I believe most of the exchanges coming to lunch in the crypto market, are after the money they want to make.
With the advent of exchange crash for one reason or the other, my resolution is to always keep my fund in your wallet and not on exchange. Also remain with the exchanges you were using before now.

mrdeposit

hero member

Activity: 1358

Merit: 509

Quote from: zarintasnim on April 27, 2019, 01:02:41 PM

So many exchange are all ready in the industry. And everyday lot of new exchange are coming. We need more safety and easy use to exchange. That can help us involve on trading.

New exchanges don't offer the novel solution for the problems around old exchanges. Just closing the on exchanges is not going to decrease the efficiency of the cryptosystem, to be honest. There are a lot of exchanges do the same thing.

graffix

member

Activity: 195

Merit: 10

Actually, we don't need many more. in the other hand, it will not stop new exchanges coming into the industry. the same as our everyday world. as an example, there are too many shops in the world. and they keep coming. But we don't use all of them. We use a few of them which suitable for us. exchanges also like that. their main purpose made money from it. but we also use only suitable exchanges for us.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: zeze18 on April 27, 2019, 12:51:40 PM

Quote from: arjuna BTC on April 22, 2019, 12:34:04 AM

Cryptocurrency exchange Coinnest, once South Korea’s third largest exchange, is closing down.
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure

but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you

We don't need it, but people are compete each other to make the best exchange in this world.
Just like any other business, the costumers don't need new store, but the store owner are making the cheapest, fastest, and best services

For the sake of competition,we would really able to see new exchangers would pop out and come to think that this is a good business once you hit it up.
Good profitability for its owner if you able to get some volume but all will depend on how you do introduce your exchange/service.Sometimes it do really
mix up some luck when it comes to success,it would either you would boom or you would flop.

dizzy1996

full member

Activity: 854

Merit: 102

MoonDeFi

Unfortunately, this happens and those who did not have time to withdraw funds from the exchange loses them. Cryptoindustry is not in the best position, but the market is full of promising projects that I advise you to pay attention to.

zarintasnim

sr. member

Activity: 1106

Merit: 250

Vave.com - Crypto Casino

So many exchange are all ready in the industry. And everyday lot of new exchange are coming. We need more safety and easy use to exchange. That can help us involve on trading.

zeze18

sr. member

Activity: 938

Merit: 256

Quote from: arjuna BTC on April 22, 2019, 12:34:04 AM

Cryptocurrency exchange Coinnest, once South Korea’s third largest exchange, is closing down.
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure

but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you

We don't need it, but people are compete each other to make the best exchange in this world.
Just like any other business, the costumers don't need new store, but the store owner are making the cheapest, fastest, and best services

bitcon

legendary

Activity: 2212

Merit: 1008

Quote from: Wittny on April 24, 2019, 06:59:16 PM

Exchange closing down is not a big deal, currently there are new exchange doing very well, I will say in this crypto space, only good exchange are needed, let all hunters and traders research well before saving token on exchange site.

There is a great number of exchanges, and I do not think that it will be very difficult to find several good ones (at least, for you). Just spend some time reading reviews about them, and then, take a decision.

ridha inoue

full member

Activity: 504

Merit: 100

In my opinion there are many new projects that carry the idea of making their own exchanges.
now there may be thousands of exchanges that already exist but the problem is whether altcoin and the main coins will be enough for thousands of exchanges the answer is no.
too much to exchange with altcoins at the moment which makes it unstable like every spinning altcoin.
we need more token to list on exchange.

emberbekas

legendary

Activity: 1904

Merit: 1000

More exchanges will make the competition tighter and of course some of them will be eliminated through natural selection. In my opinion, more exchanges will be better because we will have many option to pick, but only a few of them will last long.

adterna

member

Activity: 1036

Merit: 10

Most Exchange that is closed may be because they are quiet about the traders who usually trade in their markets, while the costs for organizing are very high, the costs to be obtained to meet market needs are not balanced with traders trading in the market

angrybird3591

jr. member

Activity: 224

Merit: 1

Now there are many new exchanges. leading to embarrassment of investors. now small exchanges are very difficult to develop as big exchanges are strong and growing in this area of electronic money

akungagal

member

Activity: 700

Merit: 11

send and receive money instantly, with no hidden c

Quote from: burky156 on April 26, 2019, 09:46:41 PM

There are already too many cryptocurrency exchanges out there and i really can't understand why still people would open new exchanges.. As far as i know we have more than 3000 exchange altcoins and more than 700 exchange. Isn't that too much? I believe that there will be more exchange will close if we go in this way. This is bad for the coins and very bad for the traders i think..

that's right, the current exchange is too much. i think at this time we don't need more new exchanges.

if there are more exchanges, it will be increasingly difficult for some new or old exchanges to survive and of course as you say there will be more closure events like this in the future and of course will have a negative impact on some of the coins that have been registered in their exchanges .

maculeth

member

Activity: 714

Merit: 11

BountyMarketCap

actually not really, a global exchange that can be used by all countries is also good. maybe it was considered to be less effective because when many transactions occur, pending will occur, so many make new exchangers to reduce it. either a little or a lot, just as good.

burky156

full member

Activity: 658

Merit: 112

There are already too many cryptocurrency exchanges out there and i really can't understand why still people would open new exchanges.. As far as i know we have more than 3000 exchange altcoins and more than 700 exchange. Isn't that too much? I believe that there will be more exchange will close if we go in this way. This is bad for the coins and very bad for the traders i think..

starblocks

hero member

Activity: 1344

Merit: 502

There's always room for more exchanges provided they offer cheaper fees, increased incentives, and better quality customer service to their users, but the market is already saturated and it's not easy for smaller exchanges to grow their customer base substantially enough to compete with the larger more established ones so make sure you don't invest in any new startups that aren't going to be a viable long term proposition

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: arjuna BTC on April 22, 2019, 12:34:04 AM

Cryptocurrency exchange Coinnest, once South Korea’s third largest exchange, is closing down.
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure

but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you

Exchange market is already so saturated where there are lots of exchangers flying around and theres no need for another one but
well each country do have that kind of target on giving out trading opportunities or opening up crypto locally that's why we are seeing these numbers.

For Coinnest closure, then we don't know the reason behind but most likely this market isn't already profitable for them which in
results they cant able to retain theirselves to go further.

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