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No Pain No blood (OP)
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August 08, 2019, 07:11:37 PM |
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there are too many projects about exchanges now, and everything looks the same.
do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?
if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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thesmallgod
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August 08, 2019, 07:17:26 PM |
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Many of them will either die a natural death or turn to scam. You will realize this is one of the strategy used by many project. they want to have their own native token then later it will be they want to have their own exchange platform. Thank God it has been revealed that many of them are faking trading volumes. Even if you check many of them today, you will realized most token that they listed are dead token. many of them will always running around to find project that they will list so that people can use the platform.
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ganeshramk
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August 08, 2019, 07:20:17 PM |
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there are too many projects about exchanges now, and everything looks the same.
do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?
if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
Many of them will die for sure. Everybody wanted to make quick money without much thinking or their intention to scam people and go away. One need to be very careful. |
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Rohtox
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August 08, 2019, 07:47:47 PM |
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the more exchanges the more intense the competition, even less healthy competition, such as listing tokens or coins that are not clear (ShitTokens). And we must also be on the lookout for new exchanges, understand, study and research the exchange first, because the possibility of our assets being lost is also getting bigger in the new exchanges
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bigcash2011
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August 08, 2019, 07:54:37 PM |
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I think too many exchanges are coming up and the reason is simple, if an exchange attracts serious amount of users and volume then jt is perhaps the easiest business and money that can be made but you are right market has already become saturated and most of the exchanges are having hard time to attract decent number of users and volume. But it is a free market so we can not stop or restrict new projects but if we take this thing positively i think competition is a good thing and in the end only high quality platforms will survive.
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rosezionjohn
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August 08, 2019, 07:54:47 PM |
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Don't stress yourself about these new exchanges popping out every now and then, there's nothing we can do about it. You can simply ignore those new exchanges you don't want to use. I just hope all these exchanges gets registered first before they start launching.
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Bananington
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August 08, 2019, 08:02:23 PM |
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Yes there are too many exchanges but few good exchanges. In the long run, only those with good strategies and good management will survive. The likes of Binance, Huobi, Kucoin, OKEX, BITFINEX, gate.io are doing great. It's astonishing that the crypto space should be more decentralized but 90% of crypto enthusiasts use centralized exchanges more often because most DEX cannot compare with centralized exchanges in terms of trading volume, user interface, swiftness of operation and other vital aspects. Security wise, DEX is better off and we look up to DEX in future with better features.
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Bonwin
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Activity: 798
Merit: 38
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August 08, 2019, 08:54:28 PM |
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Some of the new exchanges are already going into extinction, because they could not fulfill the necessary ingredient or requirement of trading, which are most importantly volume and security. If they cannot guarantee these two important attributes, then they are no good.
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cytpoway121
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August 08, 2019, 08:58:39 PM |
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there are too many projects about exchanges now, and everything looks the same.
do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?
if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
You are very right Exchange platforms either dex or cex are almost the same Having more altcoins or exchange is leading the market to an inconclusive event Where fake volumes and fake trades are practiced |
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Mila52
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August 08, 2019, 09:09:55 PM |
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Indeed, there are a lot of exchanges being created now. This is a niche in the cryptocurrency market that allows to collect investments. There is nothing wrong with this - the competition makes the weak will leave and disappear. It's a pity that now there are a lot of scammers here.
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zenhu
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August 08, 2019, 09:10:30 PM |
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They are not true exchanges platform, many new exchange just want to get attention when they listed new token after its ICO, especially shit token. I think for this case, we must carefully about new exchange or better we just ignore them. We just choose major exchange for daily use at least we have 3 favourite exchange to use.
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leowonderful
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Bitcoin FTW!
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August 08, 2019, 09:12:58 PM |
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There absolutely are too many exchanges out there today. I still use the same few exchanges that I used to use a few years ago because very few new exchanges have features good enough to make me switch to a new site, and I also like to keep KYC to a minimum. I support DEXes but I typically don't use them because there's just not enough liquidity on the majority of them.
As for the reason why new exchanges keep coming out, it's because it must be profitable for these sites to be run; most of them likely make money through listing fees for newer coins or just from fees for buying and selling.
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WalkerIVIV
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August 08, 2019, 10:58:47 PM |
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As long as those exchange sites can be trusted and it's not a big problem but the real problem is when the exchange site can't be trusted by us and this is the main problem because the majority of them centralized exchange site. even if there will be a lot of exchange sites will come and i will always stay with the best one like binance because i don't wanna put my money in the big risk by using a small or new exchange sites.
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tabas
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August 08, 2019, 11:04:47 PM |
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do you think there are currently too many crypto exchanges?
Yes. and when the platform was released did anyone use it?
Most of the time and base on my observation, yes there are. if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
Because they think that they can become better. |
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kawetsriyanto
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Free Bitcoins Every Hour!
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August 08, 2019, 11:35:32 PM |
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That's why we need to be more careful to join in new exchange projects nowadays. With many cases of failed new exchanges, it should be a warning for all people. Not all exchange projects are made for the real exchange purpose, some of them may be just created for scamming people only.
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Deallove9
Copper Member
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August 09, 2019, 12:37:00 AM |
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Every coin what to have their own exchange and as many exchange is getting out same as new coins , now I see no reason for too much coin and exchange market as we are only here to play save in the mixed and get little profit we could but many has turn this to scam arena , that is why we see lots of them coming out every seconds with no purpose.
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leea-1334
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August 09, 2019, 12:47:37 AM |
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Every coin what to have their own exchange and as many exchange is getting out same as new coins , now I see no reason for too much coin and exchange market as we are only here to play save in the mixed and get little profit we could but many has turn this to scam arena , that is why we see lots of them coming out every seconds with no purpose.
Yeah,,, this is just what people were saying in the year of the crypto winter (2018). Exchanges at first charged a lot of money,,, and coins used to pay at first. But people stopped buying anyway so coins did not want to pay a lot of money. The easier way? Get their own exchange and launch their own listing. Then you know what happened next? IEO. 2-in-1 ICO and listing;) |
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_IRMAN
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August 09, 2019, 02:22:34 AM |
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Right now there are lots of new exchanges popping up and they don't have a good volume, but I think it doesn't matter while they are still struggling, I'm sure in the future with the increase in crypto users, the exchange can also go up
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Iyeman
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August 09, 2019, 02:34:55 AM |
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Every coin what to have their own exchange and as many exchange is getting out same as new coins , now I see no reason for too much coin and exchange market as we are only here to play save in the mixed and get little profit we could but many has turn this to scam arena , that is why we see lots of them coming out every seconds with no purpose.
More coins mean more platforms but more exchange means nothing. When there was a big exchange that can list hundred of good coins and why do we need to use a new one? Some people argued if there must be a competition between a new one and then old platform but this time the growth of the new exchange site doesn't make sense at all. |
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iASIC
Member
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Activity: 308
Merit: 10
AMA BCT
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August 09, 2019, 05:31:04 AM |
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there are too many projects about exchanges now, and everything looks the same.
do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?
if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
they are just trying in desperation. Currently there are many such exchanges and we should not care about it. Good exchanges will know what they do to attract more investors. We will see that many exchanges will die but there will be potential exchanges rising. This is a rule and I am quite interested in looking at exchanges that struggle with each other. |
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