Topic: Too many exchanges? - page 8. (Read 21383 times)
The reality is that most of 70% of volume on exchanges is made from robot and market maker software... This means that the volume is "fake". Just an idea. Please check most of the transactions on exchanges. Look how many decimals have single transactions... How many of us would write 5-6-or even 8 decimals to buy Btc or Eth? ... It means are robot transactions and until this, nothing of so bad... but if robots are doing transactions only to create volume, we have a real problem of creating fake prices...
Someone uses several exchanges, and someone needs all 10-20 exchanges.
My opinion is - a lot of exchanges are healthy competition, improving the quality of security and anonymity.
My opinion is - a lot of exchanges are healthy competition, improving the quality of security and anonymity.
Hello guys! I'm a newbie trader and I'd like an advice on how to chose the right exchange. So far I've used Binance, GDAX, Bitfinex, Kucoin and I'm also looking at new ones like MPCX etc. Any idea???
I just read that MPCX will launch an IEO on probit. Any news about the dates?? Yes choosing the right exchanges will be difficult in this situation because the confusions will happening for everyone to select it will be best for the best fees to make the exchange in this case we need to be more clear about what we are doing otherwise the fake exchanges easily be fraud you.
How is it difficult, I think it's easier to choose good exchanges than choosing good coins. We have the list here https://coinmarketcap.com/rankings/exchanges/, choose an exchange that has a great trading volume, it's easy.
Yes choosing the right exchanges will be difficult in this situation because the confusions will happening for everyone to select it will be best for the best fees to make the exchange in this case we need to be more clear about what we are doing otherwise the fake exchanges easily be fraud you.
There are really a lot of exchanges nowadays, but most of them are cannot be trusted and they have fake volumes, that is why many crypto users are so picky in finding some exchange.
The numbers of exchange do not matter to me and what is important is how good there are. The issues of fakes volumes is there and I think that means some of the exchange are just there for the purpose of manipulations. We just need to get more of them because competition bring professionalism. As the number of investors increases, that calls for an increase of exchanges also, capitalist seems potential in the market, so they will try to operate.
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?
A large number of exchanges has both positive and negative sides.On one side, more exchanges are entering the market, which creates competition. Due to this, exchanges offer their users to use their services, because they have certain advantages. Some focus on the quality of services provided, others on reliability, third on low commissions, fourth on the lack of KYC during registration, etc. Therefore, each person chooses exactly what he believes is important.
On the other hand, with such a large number of exchanges, the likelihood of unscrupulous exchanges that just want to earn as much money as possible from their customers increases.
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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?
Personally, i never buy the idea of many exchanges in the world of cryptocurrency becasue the more these exchanges the more crimes will spread over this industry. Currently, the exchanges we have in this industry right now are okay, lets wait for the full adoption of cryptocurrency before more exchanges will be welcome. Too many exchanges aren't helping the industry right now.
Not a bad development though, I remembered in late 2017 during the crypto bull where certain exchanges like Binance and Bittrex where not accepting new users while some others where open there registration portals at random and all these happened because there were not enough exchanges. However one should be careful while trying to make choice of exchanges to use as a lot may have scam intentions where some do not have strong security to protect investors and traders assets
There are so many exchanges in the meantime that many Exchanges are coming out in the middle and the newcomers are struggling to pick better exchanges. The newcomers in the crypto line are not able to understand that they will have their dollar secured on an exchange, and their dollars will be protected. Those who should have registered ones, and the rest should be closed because we can see almost Many exchanges leave their exchanges and thereby many of them in the wealthy market have a lot of impact on the crypto market. Many dollars are stolen from this problem, so the exchanges that are not real should stop the exchange.
When the crypto market developed quickly, I found that the exchange pages were born continuously. But not all exchange sites are good, only a few new exchange sites can demand of traders and investors. The founders of exchange sites charge a lot of money from trading activities so that more and more exchange sites are born.
A lot of exchanges are faking volume and trading data to attract more customers. Don't believe all those buy orders you see for a particular coin because they could be completely fake.
I prefer to do peer2peer trading when possible and cut out exchanges entirely when I can.
I prefer to do peer2peer trading when possible and cut out exchanges entirely when I can.
Yes nowadays, various exchanges have sprung up to provide various options for traders. but the exchange function is increasingly more commercial considering the emergence of the IEO. I also have various exchanges but only to sell the results of the bounty.
Hello guys! I'm a newbie trader and I'd like an advice on how to chose the right exchange. So far I've used Binance, GDAX, Bitfinex, Kucoin and I'm also looking at new ones like MPCX etc. Any idea???
Many exchanges = more competition = better exchanges
I'd prefer many choices rather than just a small number of exchanges handling majority of the cryptocurrency market. I couldn't think of a downside as of now. But yeah, hopefully we get more decentralized exchanges in the future.
I'd prefer many choices rather than just a small number of exchanges handling majority of the cryptocurrency market. I couldn't think of a downside as of now. But yeah, hopefully we get more decentralized exchanges in the future.
More exchange they more competitive and people more excahnge they can decide to choose to stored their coins this ideas are getting ways to stop price manipulation contorl by the some reach and bigtime companies.
Basically no downside at all I really dont see one but I think the more we have the better varied it becomes most times we get to have exchanges that gives us different values and much more better ways to trade and earn not to even talk about bots trade and KYC free for those folk not really to give their info and some even end up mixing those things with their control options
The more the exchanges, the better to liquidate. Exchange really helping the crypto world in good sense. If its more exchange on the market, it will create a huge volume and competiton for the traders. If coin/token list to many exchange, it will not dump hard because of liquidity.
indeed, more and more exchanges can provide very large profits because usually it will affect the increasing demand, when demand is increasing, prices will also rise and hopefully price increases can occur.I think we need quality exchanges that does not fake their volume as that will help to increase in adoption.
The more the exchanges, the better to liquidate. Exchange really helping the crypto world in good sense. If its more exchange on the market, it will create a huge volume and competiton for the traders. If coin/token list to many exchange, it will not dump hard because of liquidity.
indeed, more and more exchanges can provide very large profits because usually it will affect the increasing demand, when demand is increasing, prices will also rise and hopefully price increases can occur.
The more the exchanges, the better to liquidate. Exchange really helping the crypto world in good sense. If its more exchange on the market, it will create a huge volume and competiton for the traders. If coin/token list to many exchange, it will not dump hard because of liquidity.
indeed, more and more exchanges can provide very large profits because usually it will affect the increasing demand, when demand is increasing, prices will also rise and hopefully price increases can occur. Jump to: