Closed Market in Cryptocurrency

[Kencha77]

There's this alt coin that i have been seeing in my news feed this past few weeks. Apparently, this alt coin which is more than 2 years old already will be added to the coinmarketcap.com in the next few days. Within this 2 years of its existence, the coin was only traded personally(online/meet-up) between sellers and buyers (mostly coming from the same region as i am) without having the coin added to any exchanges.

My question is, is it better for an alt coin to build its 'closed' community first before adding it to exchanges first for the global community to notice it?

[1714972775]

1714972775

[1714972775]

1714972775

[Tipstar]

There's this alt coin that i have been seeing in my news feed this past few weeks. Apparently, this alt coin which is more than 2 years old already will be added to the coinmarketcap.com in the next few days. Within this 2 years of its existence, the coin was only traded personally(online/meet-up) between sellers and buyers (mostly coming from the same region as i am) without having the coin added to any exchanges.

My question is, is it better for an alt coin to build its 'closed' community first before adding it to exchanges first for the global community to notice it?

I think that way it would be better to speculate the price of a coin.
A coin that have already established a user base and a value would show low fluctuation when added to an exchange as well there would be lesser chance for devs or any person to manipulate the price as we see in many of coins when they hit the market.

[Kencha77]

There's this alt coin that i have been seeing in my news feed this past few weeks. Apparently, this alt coin which is more than 2 years old already will be added to the coinmarketcap.com in the next few days. Within this 2 years of its existence, the coin was only traded personally(online/meet-up) between sellers and buyers (mostly coming from the same region as i am) without having the coin added to any exchanges.

My question is, is it better for an alt coin to build its 'closed' community first before adding it to exchanges first for the global community to notice it?

I think that way it would be better to speculate the price of a coin.
A coin that have already established a user base and a value would show low fluctuation when added to an exchange as well there would be lesser chance for devs or any person to manipulate the price as we see in many of coins when they hit the market.

That is the kind of argument i tell when people keeps 'forcing' the dev's of a just recently finished ICO to add their coins to popular exchange sites for the coin to be have more public exposure which they said will greatly increase the value of that coin.

[Proton2233]

I do not believe in the success of closed communities. Any coin valued only for its capitalization. The more people invest in coins money the more popular this coin. The laws of the market has not been canceled.

[YYmeans]

There's this alt coin that i have been seeing in my news feed this past few weeks. Apparently, this alt coin which is more than 2 years old already will be added to the coinmarketcap.com in the next few days. Within this 2 years of its existence, the coin was only traded personally(online/meet-up) between sellers and buyers (mostly coming from the same region as i am) without having the coin added to any exchanges.

My question is, is it better for an alt coin to build its 'closed' community first before adding it to exchanges first for the global community to notice it?

No , I don't think it's a better way . It's not transparent enough for me . So I don't invest in such coin like you said, even I don't want to know what's the name of it . Good luck to you .