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traderethereum
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January 01, 2017, 08:58:53 AM |
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The three main exchanges - OKCoin, Huobi and BTCC only offers two cryptocurrencies.
Why is that?
i think they want to just focus with two cryptocurrencies and don't want the other coins make crowded the exchanges and i think people which trading in okcoin, huobi and btcc is enjoy their time when they doing trading in that site. the volume for the three of the sites is good and big number and they can be role model for other exchanges. |
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Spoetnik
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Activity: 1540
Merit: 1011
FUD Philanthropist™
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January 01, 2017, 10:09:07 AM |
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The three main exchanges - OKCoin, Huobi and BTCC only offers two cryptocurrencies.
Why is that?
Because they have full control of these two coins,they have a lot of mining farms scattered around their country,because of this they are making huge profit and they pumps it's price anytime they want,these two coins will always stay on the top ten.. What like Bitcoin ? And you BLAME them for that ? NEWS FLASH: If Americans WANTED to control Bitcoin they could do so. So don't flop on your back and cry foul. Further more why can't we complain if some other country like the USA monopolizes BTC mining or LTC mining ? Is that ok then ? You all figure out why i am the smart one here yet ? |
FUD first & ask questions later™ |
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couldbeangel
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January 01, 2017, 09:59:08 PM |
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They are widest held and least risky? Less volatile?
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The Sceptical Chymist
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Cashback 15%
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January 01, 2017, 10:06:49 PM |
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Probably they are seeing other alt coins as nonsense coins.
So they don't mind to look after it but rather than focus to what is more important.
They are nonsense coins, the vast majority of them. Some of the big-name ones actually get used--for whatever--but the rest just exist to exist. And I would imagine that it's a huge pain in the ass for these exchanges to offer the shittier ones up for trade. Like Yobit, which lists anything that can fit into a toilet bowl. If I was an exchange, I definitely wouldn't want to be bothered with that garbage. There's enough liquidity in bitcoin to sustain a profit. |
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Spoetnik
Legendary
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FUD Philanthropist™
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January 02, 2017, 03:48:41 AM |
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Because they are smarter ? No seriously think about it ..maybe it's pretty straight forward  |
FUD first & ask questions later™ |
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poloniexwhale
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January 02, 2017, 04:39:29 AM |
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It is weird they do not list Ethereum, but list useless litecoin. It is illogical. They wanted to increase the popularity therefore they listed litecoin, but it is dead now.
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densuj
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Merit: 1000
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January 02, 2017, 04:52:23 AM |
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The three main exchanges - OKCoin, Huobi and BTCC only offers two cryptocurrencies.
Why is that?
In my opinion be based on marketcap, because bitcoins is has large of amount of transactions and litecoin is the most old altcoins although the marketcap of litecoin be defeated by ethereum, we can check on here https://coinmarketcap.comBut the exchangers of Chinese will not taking risk with add other coins except bitcoins and litecoin. |
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Nahl
Legendary
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Activity: 1652
Merit: 1000
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January 02, 2017, 05:29:46 AM |
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actually china have several big altcoins exchange such as bter.com but indeed another altcoins have less popular rather than bitcoin or litecoin but i was wondering sometimes why bitcoin price on china exchange very different if we compare from other exchange
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metalbean (OP)
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January 02, 2017, 07:14:22 AM |
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Just found out another big reason. The CEO of BTCC is the brother of Litecoin creator Charles Lee aka Charlie. Brotherly love  |
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Diced90
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January 03, 2017, 10:44:59 AM |
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I would say our chinese friends do their home work before listing a cryptocurrency for trade and want to keep the risk low,which is really smart of them.
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her1980man
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January 03, 2017, 12:39:22 PM |
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I guess you are looking in the wrong places, there are indeed Chinese exchanges for most existing alt-coins.
Keep in mind a search on US located Google and others wont reveal most of them, nor will Baidu.
The insider markets are hidden in the Tor-network and even I2P, good luck finding them and getting a login.
Keep digging around, if you really need access, but i would not spend too much money in a marked that could die any day.
Guess only the very low transaction costs would be a reason to go there.
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memequiserle
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January 03, 2017, 10:49:12 PM |
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The three main exchanges - OKCoin, Huobi and BTCC only offers two cryptocurrencies.
Why is that?
because in china user, majority only use litecoin anditcoin and can fast transaction in market buy and sell rank 4 in exchanger in china, btclake can support dogecoin, but very low transaction, only 0.0 percent in volume transaction china people only interest litecoin and bitcoin |
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