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Author Topic: More exchanges then new traders  (Read 622 times)
daviost
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October 30, 2018, 10:44:09 AM
 #21

As long as the new exchanger can give more security, can give more feature, can give more devidend, can make a good event, have a lot of pairs inside and their withdrawal fee is not too much (not too cheap and not too expensive) then why not?
But the important one is the security. Its must number one.
Then did the new exchanger can provide us that one?
and i think some country want to have their own exchanger too so their customer can easily withdraw to their local bank.
Example : Indodax for indonesia.
So i welcome any new exchanges but i hope they must compete each other to make this cryptoworld more crowd,more good and more easily to reach out by the ordinary people who just join us in this crypto world.

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October 30, 2018, 11:04:05 AM
 #22

They could just looking for the new crypto boom  Grin
In today's situation we do not need more than ten centralized and two or three decentralized exchanges and all of that minor exchanges are unnecessary for fair trading.
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October 30, 2018, 11:11:10 AM
 #23

There are already a lot of exchanges. On the one hand, projects after ICO have more choices for listing their coins, as a rule, it usually takes a lot of time and payment to get on the top exchange, while new exchanges are more loyal to this, because they also need to evolve.

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October 30, 2018, 11:20:19 AM
 #24

Yes, that's what happened at the moment, this is a business competition. Competition in the exchange place, many new ICO projects make the exchange place possible for this business to be legit in the future
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October 30, 2018, 10:25:45 PM
 #25

Here there is a controversial issue. On the one hand, new exchanges are no longer needed, because they are already enough, and on the other hand they list those tokens that are not seen on other exchanges. In any case, competition plays into the hands of traders.

If there's a new exchange sites to execute further, that's a great opportunity for our token value to increase very high because the buy order will be divided. That's why it made the price expensive in a long run and will make your coin very popular to traders.

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October 30, 2018, 10:29:57 PM
 #26

Competitivness is really strong today. Now only exchanges which has a trading mining are grow fast... ABCC, CoinEx, Bibox...
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October 30, 2018, 10:36:53 PM
 #27

I guess all new exchange churning out is because of the money they see that have been made by the existing one so everyone trying to get into that space
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October 30, 2018, 10:37:32 PM
 #28

Indeed, so many exchanges come out, and the volume is zero. This is because there are many new tokens and the aim is only to raise funds for their own interests. They don't care for future success, they accommodate like new tokens that lack funds for listing in the market.
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October 30, 2018, 10:42:25 PM
 #29

I've never think it work on cause it won't significantly affect the market trend we have today, bearish market will still remain.
We don't need more exchanges, we need more investors and users to help these disaster end up. Though it give more choices but apparently it won't help prices to climb, in fact,  some exchanges are just scam and never working good which it only give problems to the investors.
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October 30, 2018, 10:47:00 PM
 #30

The golden rule says good goods expel bad goods
In other words ((stay for strong))
If these new exchanges do not have the strength to compete
it will die.

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October 30, 2018, 10:47:20 PM
 #31

Whats going on with so many exchanges coming out either decentralized or hybrid ? I am sick of seeing more and more each day where amount of volume is zero and you cant trade your tokens . Serious i dont know how they are going to have success in the future next to Binance,Okex,Houbi....and others
These are already settled exchanges with a name. To place on them the coin very expensively. On it there have to be less known exchanges with a smaller commission payment for addition of a token on the exchange.

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October 30, 2018, 10:49:50 PM
 #32

Whats going on with so many exchanges coming out either decentralized or hybrid ? I am sick of seeing more and more each day where amount of volume is zero and you cant trade your tokens . Serious i dont know how they are going to have success in the future next to Binance,Okex,Houbi....and others
I also don't really understand the purpose of the new exchanger. currently there are so many exchangers that are being launched, but basically their technology is not much different from existing exchangers, maybe even worse.
They are getting a lot of inspiration from the major exchange site about how they can earn daily revenue if they can build a proper and make it becomes a popular exchange site. They are betting on the potential of crypto in the future.

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October 30, 2018, 10:59:50 PM
 #33

Nowaday so many ICO that promoted their exchange, use their token for special feature on exchange. But in fact its true, there are no volume, just want to sell the token only. I think the new exchange that has no volume will die soon.

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October 30, 2018, 11:00:48 PM
 #34

Whats going on with so many exchanges coming out either decentralized or hybrid ? I am sick of seeing more and more each day where amount of volume is zero and you cant trade your tokens . Serious i dont know how they are going to have success in the future next to Binance,Okex,Houbi....and others
I also don't really understand the purpose of the new exchanger. currently there are so many exchangers that are being launched, but basically their technology is not much different from existing exchangers, maybe even worse.
They are getting a lot of inspiration from the major exchange site about how they can earn daily revenue if they can build a proper and make it becomes a popular exchange site. They are betting on the potential of crypto in the future.

So if we make it simple, what new exchange want is revenue for them, with or without support for crypto, as long they can get paid for listed coins/tokens, they wouldn't care about how many volume in their site, well, actually they can get fee from trading activity but new coins/tokens will always come so it can be advantage for them.

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October 30, 2018, 11:09:21 PM
 #35

So if we make it simple, what new exchange want is revenue for them, with or without support for crypto, as long they can get paid for listed coins/tokens, they wouldn't care about how many volume in their site, well, actually they can get fee from trading activity but new coins/tokens will always come so it can be advantage for them.

If an exchange has no trading volume or it's very low, they will not be able to ask for a fee to list a token or the fee will be as low as the trading volume, both things are related.
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October 30, 2018, 11:10:52 PM
 #36

Its not bad to have a lot of exchanges, it's really good actually. I remember when poloniex was crashing with 40k users online... But problem with this new "decentralised" exchanges is that most of them are just pure scam. They show up, list all tokens they can, receive deposits and disappear.

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October 30, 2018, 11:16:41 PM
 #37

small markets are not promising, most likely it is a game, while the cost of listing in small exchanges is quite cheap, it is appropriate to not have volume
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October 30, 2018, 11:20:58 PM
 #38

Whats going on with so many exchanges coming out either decentralized or hybrid ? I am sick of seeing more and more each day where amount of volume is zero and you cant trade your tokens . Serious i dont know how they are going to have success in the future next to Binance,Okex,Houbi....and others
they follows money that's all, a succefull coin followed by a thousand, an ico that has success and two thousand that follow, an exchange that has success and five thousand that follow;we will have a million of something next year, but I do not know what it is.


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October 30, 2018, 11:23:16 PM
 #39

That's true but who knows if some of those will be better than the current top exchanges. Some of the top exchanges even came out of the blue and they are actually new back then.

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October 30, 2018, 11:25:25 PM
 #40

Obviously your right but don't worry new traders rise next year because of this recent situation of the market, newbies scary to start trading to put risk their investing during this bear market.

The new exchanges rise now is a sign that cryptocurrency is still strong and hopefully maybe next year the bear market was end and the new traders start to trade.

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