too many exchanges and will increase in the future, what do you guys think about

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: avatar_kiyoshi on December 28, 2019, 07:00:55 AM

Everything related. The scam project will be gone if people, especially bounty hunters become smarter in choosing projects.

Scam projects will remain even then. Because the concept of ICO is itself a scam. Nothing can be the next bitcoin as promised by many ICOs. Also people look for easy gains which is again a false pretense.

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The new exchange has recently opened widely to new tokens no matter if it's shittoken too.

Bounty hunters keep complaining like kids if they dont get place to dump their coins.

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I will not blame a bounty system that is difficult to be boycotted or eliminated, but at least make the scam project realize that people are aware and prefer projects that are trusted, in order to reduce scam projects that will emerge.

Do you think the project owners scare if their motive was to scam someone in the first place? Only the people who are taking part in those projects will have to be careful. Just because a new exchange listed the coin does not mean its legit. Its to make the public happy that the coin is trading, no organic growth actually happened. This is the case with almost every ICO coin.

Mahanton

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Quote from: avatar_kiyoshi on December 28, 2019, 07:00:55 AM

Quote from: TheUltraElite on November 02, 2019, 11:08:23 AM

Truely they are using the efforts of bounty hunters to promote their scams and projects that would never actually be developed into anything and is based on vaporware. So its best to stop doing them. But I doubt any of them would actually read these threads and boycott all bounty hunting.

Everything related. The scam project will be gone if people, especially bounty hunters become smarter in choosing projects. The new exchange has recently opened widely to new tokens no matter if it's shittoken too.
I will not blame a bounty system that is difficult to be boycotted or eliminated, but at least make the scam project realize that people are aware and prefer projects that are trusted, in order to reduce scam projects that will emerge.

If we do try to compare the number of bounty hunters now and to the past then we do really see some significant change in numbers but not totally being depleted out.
As part of fact where even we do talk about choosing the most legit and good project is hard af. New exchangers do keeps on popping out due its owners believing on getting
some slice of the market share but if we do think of logically we dont need more numbers but we do need the quality of these exchangers.

michellee

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Quote from: dentolas on November 02, 2019, 03:47:46 AM

we are almost at the end of the year, and the problem remains the same... too many exchanges for the available volume, too many people trying to scam others throught an supposed new exchange, too many similar products...
this is another boom, just like all the other ones before... a fashion in getting peoples money

Then you don't have to register on the other exchange if you already have your favorite exchange so you don't have to confuse in where you will trade. By using one or two exchanges to trade will be enough for you to make a profit, but if you want to use more than 2 exchanges, then you need to search which exchange that is fit what you want. But be careful, many exchanges require you to completed KYC, so if you don't want to send any document, you should find the other exchanges.

avatar_kiyoshi

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Quote from: TheUltraElite on November 02, 2019, 11:08:23 AM

Truely they are using the efforts of bounty hunters to promote their scams and projects that would never actually be developed into anything and is based on vaporware. So its best to stop doing them. But I doubt any of them would actually read these threads and boycott all bounty hunting.

Everything related. The scam project will be gone if people, especially bounty hunters become smarter in choosing projects. The new exchange has recently opened widely to new tokens no matter if it's shittoken too.
I will not blame a bounty system that is difficult to be boycotted or eliminated, but at least make the scam project realize that people are aware and prefer projects that are trusted, in order to reduce scam projects that will emerge.

ereborltc

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Now more and more exchanges are being put into use, but there are few exchanges with real trading volume. Exchanges without users will eventually be shut down, so the key to the survival of an exchange is to attract investors to participate in trading.

Chrystora123

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Quote from: No Pain No blood on August 08, 2019, 02:11:37 PM

do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?

IMO, there are currently too many exchanges and many that I don't think are really used by traders or investors.

Quote from: No Pain No blood on August 08, 2019, 02:11:37 PM

if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?

if asked why new exchange projects continue to emerge?? I think it's just business competition and new challengers who want to try to get a market that is dominated by large exchanges.

biddicoin

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there are good and bad things from many exchanges:

1 the good thing is, competitive exchange competition. so exchange must increase their value to grow in this space

2 the bad thing is, too many exchanges ofc too many shit project too.

Flux0z

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Operating an exchange, even a small one can be extremely lucrative.
Crypto is a multi billion dollar industry, so it's no wonder that everyone wants to profit off of it. It's getting ridiculous indeed, but I'm sure that eventually we'll see a huge move over to DEX's since the vast majority of people wants to hide their identity when the tax man comes.
Only reason centralized exchanges is in business is because of FIAT-on/off ramps, and convenience, something a lot of DEX's is working on currently with implementation of stable coins etc.
I believe Blocknet will be one of the major players by next year when they allow their users to trade over a litewallet, making the actual exchange proccess way easier.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: dentolas on November 02, 2019, 03:47:46 AM

we are almost at the end of the year, and the problem remains the same

Problem remains same because the group of people promoting them is same and are so blunt that they would never understand that bounty hunting is worthless now and they need to find out other methods of making money than depending on them.

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too many exchanges for the available volume, too many people trying to scam others throught an supposed new exchange, too many similar products...
this is another boom, just like all the other ones before... a fashion in getting peoples money

Truely they are using the efforts of bounty hunters to promote their scams and projects that would never actually be developed into anything and is based on vaporware. So its best to stop doing them. But I doubt any of them would actually read these threads and boycott all bounty hunting.

AliMan

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Quote from: carriebee on November 01, 2019, 02:59:44 AM

Quote from: No Pain No blood on August 08, 2019, 02:11:37 PM

there are too many projects about exchanges now, and everything looks the same.

do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?

if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?

Some the developers do exchange project because they know how big money will be involve, as you can see not all this exchanges will be successful if they lack of volume, no users of their exchange,then it will gone like a bubble. If this developers want to built like a exchange project they need a lot of PR and give assurance that their exchange will be on top like binance,bittrex and so on.

Good thing if a coin will have more potential exchanges to cater all their orders and soon increase the numbers of purchases in that specific crypto. The results will be positive and I think more great outcomes will follow through. Once a coin increases a good price, demand will also have a good outstanding growth factor to gain a sustainable value.

dentolas

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we are almost at the end of the year, and the problem remains the same... too many exchanges for the available volume, too many people trying to scam others throught an supposed new exchange, too many similar products...
this is another boom, just like all the other ones before... a fashion in getting peoples money

aioc

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Quote from: No Pain No blood on August 08, 2019, 02:11:37 PM

there are too many projects about exchanges now, and everything looks the same.

do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?

if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?

This is an open market if the dev has the budget or the community is supporting the developers, he can always set up one anytime, it's better that we have many, so we can choose the best exchanges that can offer the best features, security, and we don't have to sign up to these exchanges as long as the coins that we want to trade are here, if it is not, we can just skip it.

cvasy

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Quote from: carriebee on November 01, 2019, 02:59:44 AM

Quote from: No Pain No blood on August 08, 2019, 02:11:37 PM

there are too many projects about exchanges now, and everything looks the same.

do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?

if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?

Some the developers do exchange project because they know how big money will be involve, as you can see not all this exchanges will be successful if they lack of volume, no users of their exchange,then it will gone like a bubble. If this developers want to built like a exchange project they need a lot of PR and give assurance that their exchange will be on top like binance,bittrex and so on.

I totally agree with what you say, but in my opinion, for now the new exchange platform will be very difficult to develop because users will prefer an exchange platform that already has a lot of trusts from its users so far, of such as binance, yobit and even exchanger forkdelta level though, because we know if all three platforms have a large trading volume, and a high level of security, maybe one way for a new platform to increase volume is by collaborating with the current IEO project.

carriebee

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Quote from: No Pain No blood on August 08, 2019, 02:11:37 PM

there are too many projects about exchanges now, and everything looks the same.

do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?

if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?

Some the developers do exchange project because they know how big money will be involve, as you can see not all this exchanges will be successful if they lack of volume, no users of their exchange,then it will gone like a bubble. If this developers want to built like a exchange project they need a lot of PR and give assurance that their exchange will be on top like binance,bittrex and so on.

robelneo

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Quote from: TheUltraElite on October 25, 2019, 04:06:08 AM

Quote from: smyslov on October 24, 2019, 09:32:34 AM

There are still a lot of exchanges in beta like IronX Xera Bitmillex and Adab, and they are all just waiting for the right time to launch, I doubt if they can compete with the top exchange in the market, we have already a lot of exchange in the market, and there are already local exchanges launching in every country, this is because Cryptocurrency is the new market and every one wants to take a share in the market.

Adab Solutions is very likely a scam too. Be sure to check out JollyGood's thread on Scam Accusations for the same. They now have some red trust on their profile page too.

In general a new exchange coming up dont make a difference unless they have something special that others dont, or a market where cryptocurrencies are available but not being traded regularly. The problem is also authorities pouncing on such exchanges but most end up having some sort of balance with them.

But be careful of where you are putting in your money. Not every new exchange is trustworthy.

Talk about Adab, yes they have been labeled as scam site and I do believe that they are, I really don't like it when they deduct 80% of bounty hunter's rewards, but they are still on it, I read on their telegram that they are going to launch middle of November, I have second thought on their platform because of the reputation they've lost, they just want to miss the opportunity to become the first Islamic exchange, that is their motivation, but we'll see how they are going to build their reputation.

TheGreatPython

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Quote from: Wend on October 21, 2019, 08:27:21 PM

Quote from: kawetsriyanto on August 08, 2019, 06:35:32 PM

That's why we need to be more careful to join in new exchange projects nowadays. With many cases of failed new exchanges, it should be a warning for all people. Not all exchange projects are made for the real exchange purpose, some of them may be just created for scamming people only.

More new exchange are most not trusted they are trying to scam find a way on how to scam. As you said we need to aware of those and need to be careful sometimes, Because i was one of the victim of that kind exchange site but, They convince me on what they said about the exchange they have. Most of them are good in talk but in the end all they want from you is our coins so dont give all information we have.

The last time a new exchange was released and could be trusted was during the time of kucoin exchange and after kucoin group, I don’t think we still have any exchange that has been released without the intention of scamming people. I am not even sure that any of these old investors will ever even look at new exchanges with all the experiences that they have in the market.

Most people that usually go for new exchanges are new cryptocurrency users and investors who lacks the knowledge of these old exchanges and those who are too lazy to make research, which is why most of those new exchanges don’t even get the real volume that they need, and even if they fake volume, that would still not attract any of these old users of cryptocurrency.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: smyslov on October 24, 2019, 09:32:34 AM

There are still a lot of exchanges in beta like IronX Xera Bitmillex and Adab, and they are all just waiting for the right time to launch, I doubt if they can compete with the top exchange in the market, we have already a lot of exchange in the market, and there are already local exchanges launching in every country, this is because Cryptocurrency is the new market and every one wants to take a share in the market.

Adab Solutions is very likely a scam too. Be sure to check out JollyGood's thread on Scam Accusations for the same. They now have some red trust on their profile page too.

In general a new exchange coming up dont make a difference unless they have something special that others dont, or a market where cryptocurrencies are available but not being traded regularly. The problem is also authorities pouncing on such exchanges but most end up having some sort of balance with them.

But be careful of where you are putting in your money. Not every new exchange is trustworthy.

shoreno

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Quote from: smyslov on October 24, 2019, 09:32:34 AM

Quote from: No Pain No blood on August 08, 2019, 02:11:37 PM

there are too many projects about exchanges now, and everything looks the same.

do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?

if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?

There are still a lot of exchanges in beta like IronX Xera Bitmillex and Adab, and they are all just waiting for the right time to launch, I doubt if they can compete with the top exchange in the market, we have already a lot of exchange in the market, and there are already local exchanges launching in every country, this is because Cryptocurrency is the new market and every one wants to take a share in the market.

those exchange have cool names but it will make them more cooler if their service is better than the existing ones . in what site do you get this source ? good to know that there are many reserve projects on the crypto space .this is only a sign that crypto is only starting yet and many good more things to expect .
the numbers of exchnages that we have right now is high but dont worry because these numbers can also decrease as not all exchange are going to be succesful

smyslov

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Quote from: No Pain No blood on August 08, 2019, 02:11:37 PM

there are too many projects about exchanges now, and everything looks the same.

do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?

if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?

There are still a lot of exchanges in beta like IronX Xera Bitmillex and Adab, and they are all just waiting for the right time to launch, I doubt if they can compete with the top exchange in the market, we have already a lot of exchange in the market, and there are already local exchanges launching in every country, this is because Cryptocurrency is the new market and every one wants to take a share in the market.

o48o

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Quote from: No Pain No blood on August 08, 2019, 02:11:37 PM

there are too many projects about exchanges now, and everything looks the same.

do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?

if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?

I rather had 100 no volume exchanges then all this high volume wash trading i see, like these exchanges that are low in alexa ranking but somehow having a billion dollar of a day volume without any noticeable market makers and their walls.
But yeah, i myself often seek obscure low volume exchanges to find lowcap gems that aren't anywhere yet.

Topic: too many exchanges and will increase in the future, what do you guys think about (Read 746 times)