Topic: too many exchanges and will increase in the future, what do you guys think about - page 4. (Read 746 times)
August 09, 2019, 09:13:10 AM
yes because an exchange project is a business like running water on condition that the exchange is already trusted by many traders, but some will die because they fail to attract traders to use their exchanges.
August 09, 2019, 09:05:26 AM
Meh, I don't mind that there are so many exchanges.
I know what types of exchanges I like and the rest I just ignore.
People think that having so many exchanges or coins hurts the market but I disagree.
All of these copy and paste exchanges will never be successful.
You can't just do the same thing as everyone else and think you will magically be successful, especially if you are so late to the game.
But instead of diminishing the market, I think it makes the market mature.
Other exchanges failing solidifies the good ones and makes them stronger.
Plus the competition pushes top exchanges to release more and more good features.
I know what types of exchanges I like and the rest I just ignore.
People think that having so many exchanges or coins hurts the market but I disagree.
All of these copy and paste exchanges will never be successful.
You can't just do the same thing as everyone else and think you will magically be successful, especially if you are so late to the game.
But instead of diminishing the market, I think it makes the market mature.
Other exchanges failing solidifies the good ones and makes them stronger.
Plus the competition pushes top exchanges to release more and more good features.
August 09, 2019, 09:02:38 AM
The more exchanges are, the better. because it creates diversity and gives us many choices to make transactions. Besides, the cost is cheaper for new exchanges.
The competition has given us very good exchange in the past, such as Bitmax, Dcoin, MXC, Beaxy, ...
If you can imagine how many exchanges had open in the past one year and the state they are now, you will understand their level of unpreparedness. Though we might need new exchanges to recruit new trade invention but I noticed most of the new exchanges eye the success of BNB whereas they have no good team and idea like Binance. Some good new coin are struggling to get rich traders to engage their coin in large volume and even hoard it, more so the big volume exchange at their level demand too much fund to get them listed and this doesnt help startups. The competition has given us very good exchange in the past, such as Bitmax, Dcoin, MXC, Beaxy, ...
August 09, 2019, 08:52:39 AM
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 think that not worth to think about those who about You not thinks.Exchanges will be a lot or a little, what do You care? Personally, I use about 8 exchanges and not interested in new ones.(new-only in the form of exceptions).Not interesting for the user exchange will disappear by themselves.There's no doubt about it.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 agree with you, eventually the exchanges will disappear by themselves. so we don't need to care about it. after all there is no advantage in using an exchange that has no trading volume.
August 09, 2019, 08:50:44 AM
I don't know, maybe because exchange project can still make a profit, especially if the project is successful, they can easily get money from the transaction costs, withdrawals, trades, etc. And also they can make tokens / coin utilities like BNB, it can also be the reason why they still make projects exchange.
August 09, 2019, 08:30:52 AM
I don't think there are too many crypto exchanges currently. Each crypto has a tier and not every crypto could afford to be on in good or top tier exchanges.
So there are always some low tier crypto exchanges pop up to shelter those low tier crypto. And it's good to have many crypto exchanges to make sure no monopoly or manipulation.
So there are always some low tier crypto exchanges pop up to shelter those low tier crypto. And it's good to have many crypto exchanges to make sure no monopoly or manipulation.
August 09, 2019, 08:04:10 AM
yes, there will be a lot of exchanges in the future and it is fine that way since a lot of people are really interested in joining this community. but of course there will be scams that are going to exist, some are good and can compete, and lastly the exchanges that are going to underperform and die out.
We do have to be careful in choosing an exchanger as a place to trade or store our coins. It will be safer if we choose an exchanger who already has a good reputation such as binance or others. Maybe new exchangers will be able to compete with other big exchangers, but I think it will take time
August 09, 2019, 08:01:33 AM
We have many shit coins in crypto space already and yet many keeps showing up and now same thing is happening to exchanges as well,many new exchanges keeps showing up and after doing few research on the exchanges they are all just same with no new ideas,its better to stick with good old exchanges and if any new exchanges is going to win the heart of many the exchange must prove its worth.
August 09, 2019, 07:45:30 AM
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?
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?
New exchange projects are constantly popping up now. Perhaps many people see the development of transactions in the cryptocurrency market as an opportunity and I think this is also good for investors in the cryptocurrency market. Investors will be given many choices for where to trade because each exchanger has a different transaction fee
August 09, 2019, 07:24:32 AM
yes, there will be a lot of exchanges in the future and it is fine that way since a lot of people are really interested in joining this community. but of course there will be scams that are going to exist, some are good and can compete, and lastly the exchanges that are going to underperform and die out.
August 09, 2019, 07:10:41 AM
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?
because the current exchange project is very important especially with the arrival of the IEO program, everyone wants to take advantage, it is true that there are several exchanges that are almost similar to each other and there are many exchanges that have small volumes, in my opinion the way new exchanges get volume is by registering new tokens. actually not too bad this would be an exchange competition that really would seriously grow 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?
August 09, 2019, 06:50:26 AM
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 think that not worth to think about those who about You not thinks.Exchanges will be a lot or a little, what do You care? Personally, I use about 8 exchanges and not interested in new ones.(new-only in the form of exceptions).Not interesting for the user exchange will disappear by themselves.There's no doubt about it. 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?
August 09, 2019, 05:59:54 AM
Every coin what to have their own exchange and as many exchange is getting out same as new coins , now I see no reason for too much coin and exchange market as we are only here to play save in the mixed and get little profit we could but many has turn this to scam arena , that is why we see lots of them coming out every seconds with no purpose.
Yeah,,, this is just what people were saying in the year of the crypto winter (2018). Exchanges at first charged a lot of money,,, and coins used to pay at first. But people stopped buying anyway so coins did not want to pay a lot of money. The easier way? Get their own exchange and launch their own listing.
Then you know what happened next? IEO. 2-in-1 ICO and listing;)
yeah you're right, this is just a new way for scammers to commit fraud. even I doubt if they focus on developing after the exchange is released. they just want to take money from there.
August 09, 2019, 05:58:40 AM
The problem is that everyone believes that the exchange business is profitable. Whereas it is not at the moment. There are fewer customers and more exchanges. Investors and traders do not trust these new exchanges because of hacks and scams. Slowly those who have opened these exchanges and those who are planning to will realize it is a waste of their time as well as money and will close them eventually.
August 09, 2019, 05:27:41 AM
There really have been a lot of exchanges, but it’s good that we have a wide selection, because someone likes one exchange and someone likes another and this is normal. I do not worry about this, because competition will squeeze weak exchanges out of the market and leave the strongest ones that will improve the quality of their services as a result of competition.
August 09, 2019, 04:58:43 AM
Exchanges keep appearing while the capital is sticking onto popular exchanges. natural selection will occur and the exchanges with least volume or activities will eventually die out.
There's nothing to worry about that. Crypto is about freedom and people making as many exchange as they can is definitely OK but only if they don't scam and obey the regulations.
There's nothing to worry about that. Crypto is about freedom and people making as many exchange as they can is definitely OK but only if they don't scam and obey the regulations.
August 09, 2019, 04:06:27 AM
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?
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?
The exchange sites will continue to be on the increase because when you look at it, its one endeavour that really does not require physical actions in other to run it effectively. With proper processes in place, in terms of infrastructure and controls you are good. Just an admin office to handle the paper works which will only be necessary when activities increases. For me I don't see anything wrong in it just that the control around it. People trust exchange sites with their hard earned resources and they should be able to live up to that expectation.
August 09, 2019, 01:22:20 AM
The more exchanges are, the better. because it creates diversity and gives us many choices to make transactions. Besides, the cost is cheaper for new exchanges.
The competition has given us very good exchange in the past, such as Bitmax, Dcoin, MXC, Beaxy, ...
The competition has given us very good exchange in the past, such as Bitmax, Dcoin, MXC, Beaxy, ...
August 09, 2019, 12:46:37 AM
More exchanges still coming. With more having scam intentions. As my bosses have stated, its good to be more careful with the exchange you chose to trade or store your assets. To be better safe, don't store your assets on any exchange.
August 09, 2019, 12:31:04 AM
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?
they are just trying in desperation. Currently there are many such exchanges and we should not care about it.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?
Good exchanges will know what they do to attract more investors.
We will see that many exchanges will die but there will be potential exchanges rising. This is a rule and I am quite interested in looking at exchanges that struggle with each other.
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