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nelson4lov
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October 25, 2019, 07:33:02 AM |
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More exchanges mean more Arb opportunity. More exchanges also reduce a lot of risk if one of them hacked or exit scam.
For me, I feel having a good number of exchanges is a good. It's not every coin that can get listed on big exchanges like Binance and Huobi. There has to be other exchanges to cater for small coins. But on the other hand, too much of anything is bad. The amount of Cryptocurrencies has exceeded over 2000+ so that's why we have man exchanges. >100. There's no reduction of scam even if they're few in number. |
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The trust scores you see are subjective; they will change depending on who you have in your trust list. |
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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cryptothreads
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October 25, 2019, 09:19:55 AM |
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That's actually good, exchangers usually compete to provide promotions and benefits to users. The more intense the competition the more we can see which exchanger is the best. Many exchangers who accept shit coins and shit tokens make users uneasy who expect the best coins to be in each exchanger.
I think good exchanges always have lots of promotions to attract more new investors and if that exchange has a high trading volume then that exchange will be more popular. The market currently has over 100 different exchanges but only 10 worthy exchanges are being selected during this period because these exchanges are cheap and trusted by many investors. I personally do not rely on the rating at Coinmarketcap to evaluate an exchange because the data at Coinmarketcap is inaccurate and it is best to self assess when participating. |
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judeafante
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October 25, 2019, 05:52:16 PM |
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We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
There are a lot of benefits and no negative impact if we have too many exchanges, the more the merrier and, they are going to compete in giving traders features, benefits and rewards and that will be good for traders, and those who cannot keep up will just close shop just like what happened to Nova and Coinexchange, they need to keep up or ship out of this business. |
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supercanada1
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October 25, 2019, 06:15:03 PM |
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More exchanges mean more Arb opportunity. More exchanges also reduce a lot of risk if one of them hacked or exit scam.
Too many exchanges offer people with different opportunities and often it becomes hard for people to use the right exchange which suits their needs. Well certain exchanges are totally out there to scam people. I personally wish that these exchanges at least be regulated by some agencies to protect innocent people from scammers. |
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ableh
Sr. Member
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Activity: 498
Merit: 251
CryptoTalk.Org - Get Paid for every Post!
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October 26, 2019, 05:05:41 AM |
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Too many exchanges? It does not matter! In fact, I am very happy, because the opportunity to arbitrage is very large. But you have to be careful (never store any crypto assets in the exchange wallet) considering that there are currently many cases of exchange hacking. In addition, you also have to be selective in choosing exchange. Because at this time a lot of them are closed suddenly, even disappearing before our crypto assets are withdrawn.
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gandame
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October 26, 2019, 10:00:59 AM |
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It been good if theres a lot of exchanger so that many choices where traders wants to trade.
And i think its better to have many exchanger so that trader can choose what is legit and choose where the cheap fees.
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BigBos
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October 26, 2019, 02:31:55 PM |
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It been good if theres a lot of exchanger so that many choices where traders wants to trade.
And i think its better to have many exchanger so that trader can choose what is legit and choose where the cheap fees.
as far as I know, exchangers are businesses that have a very large income, even that is quite a lot every day. many exchangers are indeed good enough if they are all trusted, unfortunately, at the moment only large markets are highly considered because many people wait for IEO from there. for now, I also only choose well-known exchangers such as binance, okex, kucoin, huobi, and other markets that have great trust. Well, I hope other markets can also have the same popularity. it is good to see all exchangers have the same trust and low fees. |
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the rise
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October 26, 2019, 08:20:07 PM |
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many exchanges serve as competition aimed at reducing monopoly transaction fees. traders can have trading options with a 0.5% maker / taker requirement and move to an exchange that is only 0.075% with the condition of holding their utility token. Then it also functions to see which exchanges have the highest volume with different price ranges, this is very interesting for arbitrage.
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Clark05
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October 27, 2019, 03:20:17 AM |
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If we have a lot of crypto exchange it is good because it helps crypto user to buy and sell their coin or to increase the value of the coins. But the negative impact of this is when the exchange is close with high trade of volime of trade possible to decrease the price of the coins and the worst part of that is when the exchange turn to scam which is not good to happen.
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Triffin
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October 28, 2019, 04:43:43 PM |
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We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
If we have many exchanges they can compete and improve their services for us. we will see which exchange has the potential to exist for long term and we will see also which exchange has its own unique idea how it could help us traders. we will find better and let them prove their self that they are worthy for us in this field. hoping that their will be exchange that will meet our expectations. Increase in the number of exchanges has already stirred the competition of being the best among all. Since right now not everyone is aware of crypto currencies and there are limited customers of crypto market, exchanges are working hard to seek attention of the lots. In one way, it is helpful for newcomers to have great deals for joining a particular exchange. |
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d3nz
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October 28, 2019, 05:25:45 PM |
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I think the more exchange means more volume and competition and difference prices and traders will definitely choose good ezchange and popular from investor.
But you need to only choose trusted exchanges because there are some them are scammer and delay the transaction on your account. Also asking for KYC but will reject your information.
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karanggatak
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October 31, 2019, 02:38:37 PM |
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many exchanges serve as competition aimed at reducing monopoly transaction fees. traders can have trading options with a 0.5% maker / taker requirement and move to an exchange that is only 0.075% with the condition of holding their utility token. Then it also functions to see which exchanges have the highest volume with different price ranges, this is very interesting for arbitrage.
yes, I think with more and more exchanges, it's not too problematic for users. maybe more profit with more exchanges now. we just need to choose which exchange has many benefits. with many exchanges I think is something positive. I think this is a business competition that is not detrimental to us all, and they will surely create something new to make users interested and join in the exchange. |
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agentx44
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October 31, 2019, 03:50:17 PM |
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We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
I think we can consider it as beneficial since it provides more options for the investors and traders but at the same time, it can confuse some who are not knowledgeable enough on picking a good exchange. They can choose a good exchange by simply looking at the fees they are going to need to pay and if they are not going to pay attention on the fees, they may end up choosing the wrong exchange. So the thing here is that the negative effects may only occur if we are going to be careless on our decisions. |
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spike420211
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November 10, 2019, 02:19:32 PM |
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It seems to me that exchanges spoil the market as well as bad new projects. Because one way or another, they take away part of the funds of investors and traders who could do the best service to the market. However, there is little to be done about it, after all, the crypto market is a market of freedom, which means that bad projects and bad exchanges will take place here. A much more important task will be the development in us of the ability to distinguish good from bad.
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NeironixNV
Jr. Member
Offline
Activity: 42
Merit: 1
https://neironix.io/
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November 15, 2019, 01:39:21 PM |
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We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
There are a lot of different exchanges, and now they are all trying to get to the top, for example, Hueby launches his blockchain, probably wants to repeat the success of the binance, but I also notice different exchanges that pop up to the top in trading volumes on this website ( https://neironix.io/exchanges) , I don’t know why this happens there , but sometimes I learn because of this about new interesting exchanges. |
https://neironix.io/
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Edraket31
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November 16, 2019, 03:35:06 AM |
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We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
There are a lot of different exchanges, and now they are all trying to get to the top, for example, Hueby launches his blockchain, probably wants to repeat the success of the binance, but I also notice different exchanges that pop up to the top in trading volumes on this website ( https://neironix.io/exchanges) , I don’t know why this happens there , but sometimes I learn because of this about new interesting exchanges. Developers and some of the people have seen the potential in the exchanges as the demand is increasing, the income is really big, although the competitor is increasing too but almost everyday there is new project coming in right now so despite it still the number of users is increasing everyday. Let's just choose the right exchange, as there were also exchange that is not good and safe to keep your fund at, although they have high security, still we should not trust them at all. |
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kodtycoon
Legendary
Offline
Activity: 1568
Merit: 1002
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November 16, 2019, 03:45:12 AM |
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It seems to me that exchanges spoil the market as well as bad new projects. Because one way or another, they take away part of the funds of investors and traders who could do the best service to the market. However, there is little to be done about it, after all, the crypto market is a market of freedom, which means that bad projects and bad exchanges will take place here. A much more important task will be the development in us of the ability to distinguish good from bad.
but with that the difference can be found clearly, because with the exchange that is not so good and then there is a new project that registers the token there, then it becomes a very low assessment and will have a bad impact on the future of the token itself. so with the many exchanges that exist at least we have our own judgment to use wiser exchanges where exchanges are trusted and not |
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Asmonist
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November 16, 2019, 01:43:54 PM |
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I think its better to have many exchanges for us to have many options. Competition is needed in order to have the best customer service satisfaction. These exchanges should offer the best for the market and in this way they cannot abuse for there are other exchanges to choose from. Traders will always find ways on where they can have an advantage.
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boris singer
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November 16, 2019, 06:30:20 PM |
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I think its better to have many exchanges for us to have many options. Competition is needed in order to have the best customer service satisfaction. These exchanges should offer the best for the market and in this way they cannot abuse for there are other exchanges to choose from. Traders will always find ways on where they can have an advantage.
It won't be interesting if many new exchanges are not too ready to offer different quality from the others, it will only be a spam exchange at the bottom level. some of them even have KYC rules that are more complicated than the top exchange, automatically people will prefer a more familiar Exchange. Low user volume levels will also kill new coins that enter instantly. |
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tracey77
Newbie
Offline
Activity: 39
Merit: 0
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November 18, 2019, 02:04:56 PM |
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Some time ago I thought it is good, that there are more exchanges and altcoins, because there is wider choice. But now I know, most of them (exchanges and alts) are going just to vanish in the nearest future. What's more, differences between them are almost negligible, so people are trading on the most popular ones.
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