koincik (OP)
Sr. Member
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Activity: 868
Merit: 265
★Bitvest.io★ Play Plinko or Invest!
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July 30, 2018, 06:17:26 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?
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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renata.tuncha@ex.ua
Newbie
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Activity: 42
Merit: 0
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July 30, 2018, 09:24:45 PM |
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I think it is not only cryptos exchanges are developing, also we can talk about ICO and Token Sale projects which you can invest in =, get profit and do smth good for the society. For instance, I have found a trustworthy Token Sale project. It is called Socratus. It is a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. They are aiming to create a win-win insurance whereby you get instant claim payment, fair and transparent dealing and friendly prices. It means that there is no more solo human decisions to pay or not to pay, no more lingering manual claims handling procedures.
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vy99
Member
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Activity: 126
Merit: 25
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July 30, 2018, 09:34:33 PM |
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More exchanges are fine as long as they're legitimate and secure. More competition means better rates for everyone.
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I'm not cool enough to have a fancy signature so you're stuck reading this
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bloodyvio
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July 30, 2018, 10:18:35 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?
New exchange usually does not have a large daily volume because they do not have many users yet so it will not have too much effect on the price of crypto but be careful because the new exchange can do a scam when their wallet is fully loaded by their users' money |
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becklyn06
Newbie
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Activity: 79
Merit: 0
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July 30, 2018, 10:53:58 PM |
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I think its fine to have multiple option as it relates to exchanges but we all have to be super careful and beware of scam so we dont fall victim
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Fire316
Newbie
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Activity: 281
Merit: 0
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July 30, 2018, 10:58:16 PM |
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Yes ,there are so many exchanges operating niw in crypto world. I think there is no problem about it. It is much better to have many choices and it is depends on you if what exchange do you prefer to use.
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burky156
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July 30, 2018, 11:03:34 PM |
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100s of exchanges and 100s of different and stupid rules. For example HitBTC. They have really strange rules(!) I lost nearly $50 with my coins. For all markets you have to trade 10s and 100s, and your small amount of coins is their now.. This is not fair, there should be some rules and all the exchanges should accept it..
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Tipsters
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July 30, 2018, 11:05:00 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?
In my point of view, it is not ok. It is better to have a fewer number of exchanges because the flow of crypto will be much easier to predict. However, the good side of this is that the chances of the exchanges being hacked is slimmer. Nevertheless, I have never traded on any exchanges in this year so thanks for the update! |
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aryaadikariyansyahsuwarto
Full Member
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Activity: 714
Merit: 101
This Is Promissing Project
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July 30, 2018, 11:05:15 PM |
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I think it will be fine, although more and more new exchange is popping up, maybe this way the price of all cryptocurrency will crawl up and stable .. !!!
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blockman
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July 30, 2018, 11:08:37 PM |
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As long as they aren't scam, its fine and that is competition thats becoming tough these days.
Competition between centralized and decentralized exchanges are becoming of a trend because of too many new exchanges are coming to the market.
Worried about the division of volume? then who have most will win and traders will jump on it.
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lagista
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July 30, 2018, 11:10:49 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?
it is not a problem with the addition of new exchange I think it will be good for the development of crypto, so altcoin is increasingly easy to be traded and there is no constraint |
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smnjms
Newbie
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Activity: 25
Merit: 0
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July 30, 2018, 11:14:50 PM |
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Id say keep an eye on DEX such as bitshares - privacy will be the big thing as we make the move mainstream
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dimastegar
Sr. Member
Offline
Activity: 798
Merit: 251
Small Trader
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July 30, 2018, 11:50:32 PM |
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I have no problem about the number of new Exchangers. I just hope every exchanger can really maintain the security of its users. Especially keep any data from Hacker.
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Tubig
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July 30, 2018, 11:59:25 PM |
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More exchanges are fine as long as they're legitimate and secure. More competition means better rates for everyone.
I agree, it will matter only on the security and also their transaction fee. The number of of exchanges doesn't affect the price of crypto but rather affects the transaction fee. The demand of the exchange is the competition. Just like the normal market if there's a competition they will lower the price or have a promo. |
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Bugsbey
Newbie
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Activity: 182
Merit: 0
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July 31, 2018, 12:04:55 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?
For me its good to have many exchanging sites to choose from. We will just choose from them wisely. We must make sure our transaction is at its safiest |
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osmo
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July 31, 2018, 12:11:16 AM |
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if more new exchange in my opinion the better and we get a lot of exchange options, but must be careful to choose the new exchange because a lot of new exchange a scam, I prefer the exchange that is old and already has a good reputation such as poleniex, binance etc.
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Whibu
Jr. Member
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Activity: 186
Merit: 3
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July 31, 2018, 12:17:10 AM |
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I think it's great that many new bourses are emerging, because we ourselves also know that now too many coins are popping up, so it can accommodate the coins that come.
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jimmydvd
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July 31, 2018, 12:33:09 AM |
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in my opinion the price will have an effect because of the many coins that appear every day and this makes the price becomes down and up is uncertain so it is difficult to read the movement of coin.
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dothebeats
Legendary
Offline
Activity: 3626
Merit: 1352
Cashback 15%
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July 31, 2018, 12:34:49 AM |
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For as long as these exchanges are correctly registered and jave complied to the requirements of their respective countries, it's all good. I don't see any reason why volume distribution acriss platforms is a bad thing. If anything, it contributes to the decentralization and further prevent a Gox 2.0 from happening, among other reasons. It is actually great that more of these exchanges pop up; I just hope that they are correctly registered so as not to have further complications which may affect people in the end.
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Indrawan77
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July 31, 2018, 12:49:25 AM |
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I think its ok and its great to have more exchanges, who knows the site can promote better than other exchanges and attract more people to invest in crypto, as long as the new site got a good security and serious about creating a good and legit site, then I think its okay, and new exchanges won't affecting the price
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