Vangar
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Activity: 73
Merit: 1
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July 31, 2018, 10:06:52 PM |
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I would say, the more the merrier!  To be honest, each new player in the market is supposed to bring something new, pushing all participants to innovate and create solutions that were previously unavailable. Thus, it is a good thing for new exchanges and trade platforms to open up business for cryptos. If you wish to check out some existing platforms, read this blog https://www.cryptocointrade.com/. |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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farosa
Full Member
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Activity: 506
Merit: 101
1 & 0 😏
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July 31, 2018, 10:59:21 PM |
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Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
I don't think this is a bad thing. If the exchange does something harmful to its image, it doesn't make sense to create it. So for 5-10 Bitcoin they can not want to look like a thief. The worst thing that every huge exchanges are centralized. That mean is there is not a freedom and when they want can block your money. |
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kotajikikox
Full Member
 Online
Activity: 2380
Merit: 207
★Bitvest.io★ Play Plinko or Invest!
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July 31, 2018, 11:09:13 PM |
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Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
Yeah that's true but how can make sure the security of their investors and the legitimacy of the excahnge because its very important to for us to avoid scamms or losing of the investment. I will introduce to for guys this trading exchange nexybit please to learn and registered to this newly trusted platform. |
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Emmax
Newbie
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Activity: 126
Merit: 0
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July 31, 2018, 11:16:07 PM |
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Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
They are coming out with more improvement for some the things to make trading peaceable and enjoyable for everyone with expert or newbies in the Crypto space. Some platform are too hard to navigate. The user interface is not friendly. While transactions fee too high. In term of general market.. I do think because of more exchange will affect the price.. No. |
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pitiflin
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July 31, 2018, 11:37:42 PM |
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Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
These exchanges, they come and go. Most of them are so useless, they would act like they are building their reputation but in reality, they are just trying to deceive people. Exchanges are asking for KYC and crypto enthusiasts aren't liking it. So most of the exchanges just build their trust and block everybody's funds overnight. The more exchanges exist, the average price starts to differ. Its a good thing, as the law of demand and supply can work more rationally. If lesser exchanges exist, the price can be manipulated by insider trading and many other illegal practices. Exchanges aren't the only thing that affect the prices. |
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sebo.k
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July 31, 2018, 11:41:09 PM |
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It is one of the lucrative sector in ICO hence many people getting involve. The fees generated through trading is what makes it profitable for many exchanges coming up.
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Harrisonimo
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July 31, 2018, 11:42:38 PM |
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Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
My own major feeling of accepting rooms for more and more exchanges is to create the choice of competition and variety of choice for traders. When there are few of them, we have them having stringent rules for withdrawals and trading commissions I.e the hitbtc and docademic cheating issue. |
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jimmydvd
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July 31, 2018, 11:51:38 PM |
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Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
of course it will affect us will be difficult to determine that the tokens will survive or not and will be more difficult if you want to invest in their token / coin because not tested unlike other coin. |
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Sergio444
Newbie
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Activity: 174
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August 01, 2018, 12:00:03 AM |
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Well, most of these new exchanges that are coming into existence do not only deal in cryptos. Some add commodities and others express their vision in a different way which depicts that they want to add something new. With regards to whether this can affect prices, yes it can. I have read quite a number of whitepapers and most of them are interested in a decentralized exchanges.
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GreatArkansas
Legendary
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Activity: 2310
Merit: 1345
Buy/Sell crypto at BestChange
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August 01, 2018, 12:02:17 AM |
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Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
For me, it is the best because the adaption of cryptocurrencies are increasing, so there will be no problem at all, but they should secure their exchanges because most of dumps nowadays because of hacks on different exchanges, that's why they should very strict to their security policies. |
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bayy43
Newbie
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Activity: 66
Merit: 0
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August 01, 2018, 01:19:45 AM |
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I think it's good for many exchanges and still if it's safe and good no matter, many new companies are getting more competition / competition
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wqiwi212jsjs@jj
Newbie
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Activity: 31
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August 01, 2018, 01:21:40 AM |
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The reality is that e-money is obviously unstable because of the relatively small size of the market. As market capitalization for electronic money increases, it will be followed by the stability of electronic money. And once that happens, they are more likely to be stable than government-issued banknotes.
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princesspoppy
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Activity: 634
Merit: 10
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August 01, 2018, 01:35:09 AM |
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I think it is good to have many exchanges, the more options we have, the more we can decide which exchange to trust our tokens to. We just need to be careful cause there are some new exchanges which happens to be scam and we don't want to be involve with those exchanges. Better choose trustworthy exchanges for our own safety.
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fosco333
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August 01, 2018, 05:30:20 AM |
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Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
Better if the volume spreading than it concentrate just on few big exchanges only. Small exchanges is important too. There are few big exchanges require minimum deposit and for peoples who cant afford this requirement, can use smaller exchanges. |
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KuromaYoichi
Sr. Member
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Activity: 756
Merit: 251
Sovryn - 300-500% APY on USDT Deposit
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August 01, 2018, 05:50:05 AM |
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It is okay as they will compete with each other and continue to improve to be the best. It's good that the volume is being spread rather than only on one exchange as we've seen what happened when mt.gox get hacked. They can create new exchange but only the good one that will stay.
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Chasoid
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August 01, 2018, 06:20:39 AM
Last edit: August 01, 2018, 06:49:20 AM by Chasoid |
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A large number of exchangers is good. Because we have a greater choice. But in the future it may happen that most of them will close with other people's money ... so I would not invest a lot of money in small exchangers.
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happistarjp
Newbie
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Activity: 76
Merit: 0
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August 01, 2018, 06:33:51 AM |
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Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
I suppose it's okay that we see new currency exchanges. A lot of these exchanges will be released but the main challenge for them is to survive the cut throat competition in the crypto industry. |
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#dhabitamartha
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Activity: 673
Merit: 10
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August 01, 2018, 06:36:55 AM |
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Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
if many new cryptocurrencies arrive it will give new view and give new currency value and this gives new challenge for bitcoin users and the cryptocurrency is causing bitcoin up and down. |
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Roidz92
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August 01, 2018, 06:38:18 AM |
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i don't think we need more exchangers. Most of them are ridiculous and "scams". We just need 3-4 exchangers + maybe some more decentralized exchanger in the future, nothing else.
No sense to open one new exchanger every month, cause we don't have enough people in this world yet.
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Kemarit
Legendary
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Activity: 3080
Merit: 1353
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August 01, 2018, 06:42:37 AM |
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Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
Why not? Binance is on the way to making $1 Billion profits ( https://news.bitcoin.com/crypto-exchange-binance-expects-up-to-1-billion-profit-in-2018/). So there's still a lot of money to be made eventhough we already have a lot of exchanges. Yes, competition will be tough but the real winner here is us, we now have so many options at our hand and we can freely choose which exchanges we gonna put our money with. If some exchanges turns out to be a scam, then so be it. But if you remember Mt. Gox, we only have which took the bulk of the trading volumes that time and we already know what happened, and after that the bear season started and its just in the last couple of years that we truly recovered. And as long as people are willing to pour money into the crypto ecosystem, I think more exchanges will be born in the next years or so. |
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