Too many exchanges? - page 16. | Bitcointalksearch.org

jayhawk1

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Quote from: ngocdhbk2 on October 31, 2018, 04:55:46 AM

The crypto market is growing and its profitability is huge. The reason for so many exchanges that it focuses on many ICOS campaigns that offer multiple transactional exchanges and the future they will be profiting from selling and buying Altcoins and Bitcoin.

Everything does have advantage and the disadvantage. In a way it’s good to have lots of exchanges so there will be a competition among them all on which one will emerge as the best exchange so far, and apart from that another reason could be what you have just said.

But the reason you might not like it is because majority of them are owned by scammers, and that is a huge spoiler for legit exchanges that are still starting up new, cause everyone will now think they are also scammers. But whatever, I can’t fall for all that.

Cocesstraable

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Quote from: otandelapaz on September 18, 2018, 11:44:22 AM

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

To me it’s not in anyway beneficial to the community, cause it’s going to confuse a lot of newbies and make them fall for scam cause they wouldn’t know what they are doing at first when they join. It’s better we have just a few exchanges that are good and legit and good for trading and not just having too many and putting confusion. When I got into cryptocurrency trading as a noob I wasn’t stupid, I quickly searched for the top exchanges in the crypto market and joined them immediately, Bittrex and Binance (currently trading Binance).

readygoaw

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Quote from: CryptoIyke on November 01, 2018, 07:30:13 AM

There is nothing wrong with having so many exchanges, it will however give a wider option to traders and with competition that comes with it will make a lot want to do something different to attract users, at the end it becomes a win win for both users and owners alike

Nothing is wrong with it. Different exchanges offer various rates, and you can always choose the service you like. Naturally, some guys pick the same exchanges all the time but it is their choice.

Dondont

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Quote from: otandelapaz on September 18, 2018, 11:44:22 AM

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

in my opinion, this has two sides, although indeed if seen in a real way, it looks more flawed. with the existence of many of these exchanges, it is expected that the security and ease of trading will be better, the exchange developers should be on those two things, because with the large number of exchanges, the focus of trading volume also weakens

BigBos

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Quote from: S4VV4S on November 04, 2018, 05:55:12 AM

Quote from: daicavung on November 04, 2018, 05:00:44 AM

This is because there are so many new exchanges that can meet the ever increasing demand for tokens in the money market, and now if there are more exchanges, we will have more options to trade and possibly more. will give us more benefits when dealing

But now I see many Exchangers that have only a low volume, just some Exchanger which
be options traders to trade. Have many Exchangers then will many options that we can choose.

well, that is the truth. indeed for now there are so many Exchangers, but Exchangers that are not so well known have low volumes. well, if you feel uncomfortable with this, maybe you should choose Exchangers with large volumes like binance.

Isiaka208

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Well it seems every bull and jack can open an exchange nowadays so long as they have the money to fuel it. Competition they say spice businesses up but here, I dont think its okay to have so many exchanges as this space Is fairyly young. They may wake up one morning to claim a hack and further tell the users "All funds are gone". The less the exchanges the more we have whom to trust.

S4VV4S

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Quote from: daicavung on November 04, 2018, 05:00:44 AM

This is because there are so many new exchanges that can meet the ever increasing demand for tokens in the money market, and now if there are more exchanges, we will have more options to trade and possibly more. will give us more benefits when dealing

But now I see many Exchangers that have only a low volume, just some Exchanger which
be options traders to trade. Have many Exchangers then will many options that we can choose.

ichai

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Quote from: otandelapaz on September 18, 2018, 11:44:22 AM

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

For investors and the new altcoins have not been traded will benefit. Because the trading floors will compete to get high volume and create great prestige for investors. So they always offer investors like us and easily accept some of the new altcoins listed on the exchange for cheap rates.

dentolas

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arcs-chain.com

there is definitely a race to the exchanges... somewhat similar to old days gold rush... everyone after the quick cash...
personally, there are 2 points to this issue... on one hand we need more exchanges so that the monopoly, crazy fees and odd behaviour of the existing exchanges will change, but on the other hand such a chaos and recklessness with somethinng that handles our money is very dangerous...
And too many exchanges will also split volume
I think the exchange market needs more competitors, but some serious rules as to the minimum security or compliance

daicavung

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This is because there are so many new exchanges that can meet the ever increasing demand for tokens in the money market, and now if there are more exchanges, we will have more options to trade and possibly more. will give us more benefits when dealing

Femhab

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A times I wonder why the need of so many exchanges that are of very low standard compared to the ones that already exist. I realise greediness can't be removed in crypto world that is why some developers will rely on open source code to create multiple projects all in the name of making money not to actually improve anything.

jambul_kribo

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Quote from: MrPiggles on November 04, 2018, 12:09:21 AM

Quote from: kwakgyimah on November 03, 2018, 07:39:25 PM

I believe the exchanges are really helping the world of crypto in the positive sense. Since there are many exchanges on the market it has created a huge competition for every exchange to perform and serve their customers with the best form of service. Many ICOs can easily get their coins listed with a little effort compared to previous times since there are many exchanges at the moment. In spite of the huge benefits of the too many exchanges, there are some disadvantages to the world of crypto hence we all need to be careful with the kind of exchange we trade at.

We must select good exchanges to list new ICO projects as this will give investors confidence in the projects. Most of the new exchanges do not really attract investors in the past and this has a huge impact on the value of all the coins in this market.

investors often to feel disappointed while developers team decided listed coins in low daily volume exchanges.they consider it , the team did not serious to make investors get their profit.finally investors annoyed and sold their coins.

MrPiggles

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Quote from: kwakgyimah on November 03, 2018, 07:39:25 PM

I believe the exchanges are really helping the world of crypto in the positive sense. Since there are many exchanges on the market it has created a huge competition for every exchange to perform and serve their customers with the best form of service. Many ICOs can easily get their coins listed with a little effort compared to previous times since there are many exchanges at the moment. In spite of the huge benefits of the too many exchanges, there are some disadvantages to the world of crypto hence we all need to be careful with the kind of exchange we trade at.

We must select good exchanges to list new ICO projects as this will give investors confidence in the projects. Most of the new exchanges do not really attract investors in the past and this has a huge impact on the value of all the coins in this market.

Insanerman

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Quote from: NorihiroName on November 03, 2018, 07:17:11 PM

I think that the biggest problem with crypto today is not exchanges but crazy number of wortheless altcoins and dying projects, that affects situation the most.

Nope, finding a good exchange is still one of the problems faced by many investors or traders globally. They need to find an exchange which has a vey good liquidity and security for their trading habits. I have also noticed that there are lots of ICO which focuses mainly in having a centralized cryptocurrency exhange.

I wonder how these ICO can surpass the top crypto exchanges worldwide.

kwakgyimah

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I believe the exchanges are really helping the world of crypto in the positive sense. Since there are many exchanges on the market it has created a huge competition for every exchange to perform and serve their customers with the best form of service. Many ICOs can easily get their coins listed with a little effort compared to previous times since there are many exchanges at the moment. In spite of the huge benefits of the too many exchanges, there are some disadvantages to the world of crypto hence we all need to be careful with the kind of exchange we trade at.

NorihiroName

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I think that the biggest problem with crypto today is not exchanges but crazy number of wortheless altcoins and dying projects, that affects situation the most.

bitcoinrays

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Quote from: letecia012 on October 25, 2018, 11:52:50 PM

Quote from: otandelapaz on September 18, 2018, 11:44:22 AM

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

this can benefit trader by paying lesser transaction fee since new trading exchange usually offer less transaction fee to attract traders but the risk that traders may face is if this exchanges are secure and safe to use. I may suggest to trade only to most reputable crypto exchanges for you investment security.

Lolz that’s funny. That’s how most of you all end up falling for scam. They don’t even care to check out the exchange and make thorough research about them, all they care about is paying lesser fees. I’d rather pay bigger fees for an exchange that will give me peace of mind and keep my money safe and not look for lesser fees and end up losing my all my money.

kokobaba880

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I am in the favor if many exchanges it is good for the community and we will use the best one for transactions so the fee will be charged normal and if many so many coins will be listed on different exchanges and it shows that bitcoin and crypto have a bright future so that's why the way for it's smooth use are ready.

ramahero01

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maybe with a lot of good exchanges, we can have many choices to trade, but with so many exchanges we also have to be more observant and careful in choosing them because there are fraudulent exchanges and hopefully in the future, all exchanges will increase security and convenience for its users.

manggis97

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Yes many new exchanges from Asia operated, and this is can be good sign for crypto market because more people will know about crypto and blockchain technology. I have suggestion for all exchange to provide better product and trading tool, so all trader can to trade with less risk and get more benefits. So far many exchanges does not provide stop loss feature and they should be added it to make trading activity less risk.

Topic: Too many exchanges? - page 16. (Read 21343 times)