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Author Topic: Why new crypto exchanges fails to grow ?  (Read 311 times)
Proassetz Exchange (OP)
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November 19, 2018, 08:46:12 AM
 #1

2018 been rough for crypto exchanges as a whole, with lots of exchanges shuts down and general interest in the sphere gradually declining. However, there are a number of projects that keeps hitting the market but didn’t perform well. Every exchange wants to adopt the pace of Binance but unfortunately ends up being low. Here are some of the reasons why new exchanges face downfall:

· Some cannot execute on their product vision and purpose.

· Some never release a real product to the market.

· Some do release a product, but never find a product-market fit. They release a product that there’s no need for, a product that solves a problem that nobody has.

· Some may release a great product but they do it too late and a competitor eats their lunch.

· Some fail as nobody ever hears about them due to the company ignoring sales and marketing.

Moreover, the unfavorable market conditions worsen their adaptation. We are also coming up with a solid project that aims at the problems which investors are facing while trading on exchanges.

Proassetz is a Crypto to crypto exchange with additional features of trading. Incorporated in Europe.

High graded trade engine and optimised platform for the connection between traders and trading. we are about to launch and we will float hybrid exchange.

Do review us and give your valuable suggestions.
biskitop
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November 19, 2018, 08:55:16 AM
 #2

we take the example for one ico or token that has just been released in the market. most of the holders of tokens are from bounty hunters, and they all sell all and do dumps. after that no one else buys so that the new coin is difficult to rise.
Bitcoin_Arena
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November 19, 2018, 09:05:50 AM
 #3

we take the example for one ico or token that has just been released in the market. most of the holders of tokens are from bounty hunters, and they all sell all and do dumps. after that no one else buys so that the new coin is difficult to rise.

For you information bounty hunters are a necessary evil. Besides advertising for some tokens, they help in the liquidity of the token once it hits the market. just imagine if all investors wait to hold the token waiting for it's price to rise, the token would not get the required daily trade volume which is needed for the token to get listed on other bigger exchanges.

The problem is that most tokens are shitcoins with no viable product, hence it's the reason some people want to sell it off quick once it hit's the exchange

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DaddyMonsi
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November 19, 2018, 09:14:04 AM
 #4

~snip~
I thought you are here to share your ideas on how new born crypto exchange can grow or maybe share reasons why crypto exchange fails based on experince but it looks like you are more on promoting your new crypto exchange Proassetz Exchange. What makes Proassetz Exchange different from existing crypto exchang and whats in it for us if we sign up with Proassetz Exchange.
Proassetz Exchange (OP)
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November 19, 2018, 09:29:43 AM
 #5

Low trading fee, Multilayer security, Liquidity, Multiple language support, Reliable and transparent, Smooth user interface, Fast track verification, Advance reporting, Buy and sell securely, isn't that great if a single exchange comes up with all these features. Proassetz is a solid project which is intended to ease the trading experience of investor. looking for decentralised exchange, we are coming up with a hybrid one.Proassetz is a Crypto to crypto exchange with additional features of trading. Incorporated in Europe.
High graded trade engine and optimised platform for the connection between traders and trading, visit us and feel the difference.
Onuohakk
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November 19, 2018, 09:34:27 AM
 #6

You should rename this post because it just looks like absorb of advert to me. And beside your stated problem that affect exchanges are superficial you avoided the main problem of exchanges which is security alot of exchanges has suffered in the hands of hackers and fraudster and made a way with company and clients funds some exchanges dont even give compensation to client

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November 19, 2018, 09:38:27 AM
 #7

What are the advantages of this exchange on why people should use your platform instead of the existing one? And according to your FAQ, no one can trade on your platform without a KYC verification which is crap.
I'll rather stick to binance which is known for its security and especially for its KYC verification requirements which only needed when someone wants to withdraw >2 BTC and can use its platform without KYC full verifications.
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November 19, 2018, 09:52:20 AM
 #8

BECAUSE CRYPTO IS A SCAM --> https://bitcointalk.org/index.php?topic=5059138.0
Jigsawman082076
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November 19, 2018, 09:57:52 AM
 #9

As what I can say about this new crypto currency which fails to grow due to the lack of investors because this certain new currency has no impact in our daily life or in our daily job that's the reason why this new crypto currency will never gain supporters and investors which is very essential in order to grow in the crypto currency market.
Proassetz Exchange (OP)
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November 19, 2018, 10:07:45 AM
 #10

keeping KYC mandatory is necessary as security is our main concern, moreover we are coming up with our own utility token, we are not using any bot to increase the group count, focused on organic growth and covering the problem areas which investors are facing on other exchange.
Ghosty100201
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November 19, 2018, 10:15:39 AM
 #11

Some would say KYC verification is crap but you are also correct at your own stand that it is necessary for security issues but as per what I have heard till date is that some of the countries have already banned the use of cryptocurrencies and obviously there are people from those countries who are still trading using other trading platforms which don't require KYC verifications and wouldn't the people of such countries be excluded from trading at platforms having KYC necessary?
Second, maybe because of trust issues, C'mon people would avoid trading on a completely new platform when there are some old existing platforms which are trusted like Binance and many more such platforms.
worldofcoins
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November 19, 2018, 10:22:49 AM
 #12

2018 been rough for crypto exchanges as a whole, with lots of exchanges shuts down and general interest in the sphere gradually declining. However, there are a number of projects that keeps hitting the market but didn’t perform well. Every exchange wants to adopt the pace of Binance but unfortunately ends up being low. Here are some of the reasons why new exchanges face downfall:

· Some cannot execute on their product vision and purpose.

· Some never release a real product to the market.

· Some do release a product, but never find a product-market fit. They release a product that there’s no need for, a product that solves a problem that nobody has.

· Some may release a great product but they do it too late and a competitor eats their lunch.

· Some fail as nobody ever hears about them due to the company ignoring sales and marketing.

Moreover, the unfavorable market conditions worsen their adaptation. We are also coming up with a solid project that aims at the problems which investors are facing while trading on exchanges.

Proassetz is a Crypto to crypto exchange with additional features of trading. Incorporated in Europe.

High graded trade engine and optimised platform for the connection between traders and trading. we are about to launch and we will float hybrid exchange.

Do review us and give your valuable suggestions.


I agree, these are all valid explanations. However, in my opinion is that there are too many products/ICOs with projects better than the proposed ones and it is this competition that leaves all the other ones behind. Plus, having raised money as part of pre-token sale is also relevant.
mirawantirinjana
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November 19, 2018, 10:49:27 AM
 #13

at present some new exchangers are not growing due to several factors, among these factors which make them less developed are the prices of their falling tokens and their low security exchanger systems. so that raises doubts.
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November 19, 2018, 10:50:04 AM
 #14

2018 been rough for crypto exchanges as a whole, with lots of exchanges shuts down and general interest in the sphere gradually declining. However, there are a number of projects that keeps hitting the market but didn’t perform well. Every exchange wants to adopt the pace of Binance but unfortunately ends up being low. Here are some of the reasons why new exchanges face downfall:

· Some cannot execute on their product vision and purpose.

· Some never release a real product to the market.

· Some do release a product, but never find a product-market fit. They release a product that there’s no need for, a product that solves a problem that nobody has.

· Some may release a great product but they do it too late and a competitor eats their lunch.

· Some fail as nobody ever hears about them due to the company ignoring sales and marketing.

Moreover, the unfavorable market conditions worsen their adaptation. We are also coming up with a solid project that aims at the problems which investors are facing while trading on exchanges.

Proassetz is a Crypto to crypto exchange with additional features of trading. Incorporated in Europe.

High graded trade engine and optimised platform for the connection between traders and trading. we are about to launch and we will float hybrid exchange.

Do review us and give your valuable suggestions.


World´s pool of fools starts to run empty.
Proassetz Exchange (OP)
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November 19, 2018, 10:50:56 AM
 #15

Agreed but there are several reasons why crypto is being banned.  Crypto is non taxable and there is a huge risk of money laundering through it , countries are taking some time to develop policies regarding it and they also needs to preserve their existing financial system. Keeping KYC mandatory actually eliminates the risk of money laundering to some extent.  
Exchanges now a days have some flaws, if investors gets an exchange which makes their trading easy and exciting, they will automatically go there.
bitcoinisbest
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November 19, 2018, 10:52:33 AM
 #16

at present some new exchangers are not growing due to several factors, among these factors which make them less developed are the prices of their falling tokens and their low security exchanger systems. so that raises doubts.

Many exchanges have scammed people as they have taken away their money and closed or said that their wallets had being compromised etc because of which people now only trust the existing exchanges which is their from long time and they have faced no issues or minimal and are happy to stay with them rather than try anything new and worry later.
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November 19, 2018, 11:14:50 AM
 #17

2018 been rough for crypto exchanges as a whole, with lots of exchanges shuts down and general interest in the sphere gradually declining. However, there are a number of projects that keeps hitting the market but didn’t perform well. Every exchange wants to adopt the pace of Binance but unfortunately ends up being low. Here are some of the reasons why new exchanges face downfall:

· Some cannot execute on their product vision and purpose.

· Some never release a real product to the market.

· Some do release a product, but never find a product-market fit. They release a product that there’s no need for, a product that solves a problem that nobody has.

· Some may release a great product but they do it too late and a competitor eats their lunch.

· Some fail as nobody ever hears about them due to the company ignoring sales and marketing.

Moreover, the unfavorable market conditions worsen their adaptation. We are also coming up with a solid project that aims at the problems which investors are facing while trading on exchanges.

Proassetz is a Crypto to crypto exchange with additional features of trading. Incorporated in Europe.

High graded trade engine and optimised platform for the connection between traders and trading. we are about to launch and we will float hybrid exchange.

Do review us and give your valuable suggestions.


World´s pool of fools starts to run empty.

World's pool of fools will never dry out, like this guy who ask in headline why crypto exchanges fails to grow and in meantime he promote his exchange. Why his exchange don't make a signature or some bounty campaign to promote themselves, not to attack others and to promote yourself like they are better than others.
Every service needs developing, security and supporters,  but in the end nothing can guarantee success, hard work and a lot of commitment is necessary, but in the end we all hope for the best and we don't know what future is bringing.
It's a big lie that new exchanges doesn't grow, look around, many new markets are around and most of them have good results even crypto prices are going down.

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November 19, 2018, 11:31:03 AM
 #18

2018 has been a rough year and the entire crypto market has been one that have faced some serious difficulty and even the big exchange sites are feeling the heat but because they have grown so big to absorb the shock. For small exchange sites, aside from the unfavourable market environment, I think its lack of proper planning. A lot believes that the moment they launch the volume would be massive in a moment for them to cover their cost forgetting that it takes time to build the customer base. With the clients not forth coming and cost to maintain the platform accumulating they are faced with the option of either continue to incur loses till the nearest future or cut it by closing down.
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November 19, 2018, 11:31:22 AM
 #19

for my opinion, some project will do new exchanger because they wanted to scam the participants. i really dont trust new exchanger that import our private key. it so risky.
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November 23, 2018, 02:21:13 PM
 #20

What are the special features you're talking about? I use CEX which also has low trading fees, strong security, and intuitive interface. It is a reliable and reputable exchange with many depositing options and fiat/crypto pairs support (https://cex.io/dash-eur). New exchanges suffer from low credibility – users are likely to stick to tried and tested platforms.
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