In my opinion, the fact that there are more exchange or ICOs is more selective, which is a useful thing for us. Anyone can find projects suitable to their criteria.
However despite all this the market price is one of the reasons why investors are withdrawn from the market. As we know, the increase in the past year the reason for the growth of many investors, the repetition of price increase can increase the number of them.
Topic: Trading platforms are growing but what about investors ? - page 6. (Read 1166 times)
Perhaps the number of investors is increasing gradually without we realizing it. Every month coinbase announces that thousands of new accounts have been created. The big question is that by the end of 2017 a lot of manipulation has taken place due to several factors. Many linked to precarious infrastructure.
In that year of 2018 the scenario is already another. And that amount of exchange is that proof. It ceased to be an exclusive product of a nerd niche. All major financial portals talk about Bitcoin. They talk about their price. They follow the products around.
Today we have an ecosystem almost matured and ready to enter the next phase which is where normal people will gradually change their traditional investments into cryptocurrencies.
In that year of 2018 the scenario is already another. And that amount of exchange is that proof. It ceased to be an exclusive product of a nerd niche. All major financial portals talk about Bitcoin. They talk about their price. They follow the products around.
Today we have an ecosystem almost matured and ready to enter the next phase which is where normal people will gradually change their traditional investments into cryptocurrencies.
Most of these trading platforms or new exchanges will not make it beyond 2-3 years before they fizzle out. The space is getting replete with too many exchanges, and even though it's good for competition, some of them are just looking to dump their worthless tokens and collect ETH in the name of an ICO.
The exchange business seems quite lucrative and these guys have seen the fat profits being published by the big exchanges in the space. Apart from that, more exchanges encourages competition and puts the existing ones on their toes and force them to improve on their services and lower their exorbitant fees. However, while some of these new exchanges would be legit, some of them are just scam artists waiting to steal from users. In this space, it actually takes a while before exchanges gain the confidence of people. Some of them will die naturally due to low patronage.
In my opinion, more and more people are actually interested in crypto, but after too much people lost too much money this year on bear market, a lot of new investors are just scared to enter the market. But things will change i think as soon as bulls will continuously lead
I'm glad new exchange especially decentralized ones are been created almost on daily bases. This is a welcome development because the more exchange the cryptocurrency community gets, it will encourage competition in the exchange business and drive the wide abortion and through advertisements new investors will be introduced into the market. What I'm against are the utility tokens they bring along with them flooding the community with useless tokens on daily bases.
I completely agree with you regarding the deluge of new trash tokens with no purpose trying to scam the market. However, I'm in two minds regarding all the new exchanges we see popping up.
On one hand, more (legit) exchanges means more competition, which is a good thing. Exchanges like Coinbase, with their exorbitant fees and terrible customer service, will be forced to improve or lose customers. Decentralized exchanges removing some of the ridiculous KYC requirements and privacy invasion of traditional exchanges is obviously a huge step forward as well. However, many new exchanges being launched turn out to be scams. You can go to the Scam Accusations board and see thread after thread about new exchanges being launched and then exit scamming after people have deposited their coins. Look at BitGrail for example - launched as the only exchange at the time for RaiBlocks (now known as Nano). They exit scammed and made off with about $150 million at the time in BTC and XRB, and now there are legal proceedings going on against them.
Does anyone has ever thought about this one? We see that there are huge number of exchangers that are being formed every other month. Most of their ICO's are even starting up with the MVP as it has become easy stuff to code an exchanger over dex and get started with it. Who think that this will be good only if the investors also keeps rising day by day ? I mean if the investors doesnt increase in the number then how can one see use of huge marketplace anyway ? I mean its like there will be big playgrounds but too less players to play!! This will be very costly affair sooner or later.
I do feel that its not worthy if investors are not rising as well !!
I don't think the number of exchange we have should be a problem as we are still at the early stages of cryptocurrencies development. I will even pray that more exchange should come up as this is a sign that cryptocurrencies and blockchain technology is alive an kicking. I believe that some new coins and tokens will not be listed if We just have few exchange that put a lot of condition before you can list your project. In future investors are going to come into cryptocurrencies market. We should live everything to future as the future and time will decide if investors are going to come in Or not. I do feel that its not worthy if investors are not rising as well !!
Yes, we can see that a lot of new crypto exchange is coming. But the number of investors is not increasing, because the bear market For which investors are afraid to invest. However, it is expected that the number of investors will increase.
I guess with the increasing number of exchangers and markets, it is also very much evident that investors are rising too. With the number of exchangers it brings out more and more people out in the field and thus they explore more coins, tokens for their use. I mean look at the exchangers as marketplace where coins are listed and shown and more or less it is advertising of the same. Whenever crypto coins are shown on multiple exchangers then it attracts more and more investors thus improving the project itself and also the market stats of it. So I guess it is good thing and having more trading platforms is more or less necessity these days.
New exchanges mean competition which in turn means less fees and better services. But it will not mean more investment or institutional investment since there is absolutely no control or regulation. All trading platforms are subject to hacking and nobody can guarantee they wont decide to run with your money over night so investors remain sceptical.
There are still thousands of investors out there and only hide in the shadows because of this bear market. I believe that most of them preferred to patiently wait for the breakout rather than attacking the playgrounds where they will only ended loosing their funds. The more the exchange means the more investors will come. It will be a good preparation though. When the break out happens, those exchanges will surely be filled out by new player investors for sure.
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I'm glad new exchange especially decentralized ones are been created almost on daily bases. This is a welcome development because the more exchange the cryptocurrency community gets, it will encourage competition in the exchange business and drive the wide abortion and through advertisements new investors will be introduced into the market. What I'm against are the utility tokens they bring along with them flooding the community with useless tokens on daily bases.
We can't say the number of investos are rising because the crypto currencies were slowly adopted to each and every corner maybe it looks like nothing happening because of bear market when the bull market begins we may see huge people will come on to the trading as well that is why the trading platforms are getting prepared.
Does anyone has ever thought about this one? We see that there are huge number of exchangers that are being formed every other month. Most of their ICO's are even starting up with the MVP as it has become easy stuff to code an exchanger over dex and get started with it. Who think that this will be good only if the investors also keeps rising day by day ? I mean if the investors doesnt increase in the number then how can one see use of huge marketplace anyway ? I mean its like there will be big playgrounds but too less players to play!! This will be very costly affair sooner or later.
I do feel that its not worthy if investors are not rising as well !!
I do feel that its not worthy if investors are not rising as well !!
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