My wish for Navajocoin to be only on 1 exchange - for concentrated Trading - I see much more benefits of being just only on Bittrex which is a high volume exchange which gets influenced by the low volume exchanges - how difficult is this to reverse
What? you want to concentrate trading, to gain volume? By, reducing access, visibility, users, volume, accessibility, etc. etc. etc. .... wtf?
Being on multiple exchanges is a good thing, yes arbitrage happens, nbd.
the only thing influencing the price is the current buy and sells, if it was one exchange then this coin would have crashed, but because there is multiple places it is easier to buy in bulk or sell in bulk without monopolizing the market.
more than one exchange is a good thing, monopoly is a boring game.
If anything you should be trying for more exchanges to gain support of new investors.
#bittrexisnotthatbadbutpoloniexisbetter
Great opinion and thanks for taking the time . Good points
Yes to gain Volume and express the real trading value without the influence of a low trading exchange - Correct
Also an exchange with no attention like Alcurex was a bad Idea - the more exchanges the more IT support required.
Navajocoin was even added to Yobit without permission last time
Also I think its easy to influence the coin price with the other low volume exchanges unfairly. I think whilst we are still in STARTUP mode we should have only been on 1 exchange. But yeah I get your point. There are good and bad on both side of the argument.
Yes NavajoCoin at full throttle the more exchanges the better.
EDIT : Yes Poloniex is an awesome exchange. They have everything you want from an Exchange. No bots, chat box. .....great tech support.