bitcoin and exchngers and others

[Awraawra]

so how do we know that crypto exchngers dont sell us the coins what they dont exisit?

and how do we know those big funds who bought or pretinding to buy or sell some big ammounts of cryptocurrency `?
how do we know they dont lie us ?

Many ways to know the cryptocurrency exchange you can go to coinmarket to check what that your coins is good to sell or not.
You can buy a coins using small funds if you dont trust that coins. Don't put all your money if have a doubt in that cryptocurrency. Just to be safe don't put all the money in one basket.

[liquigate]

I would say that you should make sure that the exchange you are about to trade has
1: a lisence to operate
2: auditors like Deloitte, PWC etc are actually auditing them regularly....
3: who their CTO also plays a huge role in terms of tech and how good they are....

[Shasha80]

Of course you should choose exchanges that are popular and have a good reputation, after that you should buying potential coins,
don't buy shitcoins. Because trusted exchanges like Binance, Kraken, Okex, Huobi, Bittrex and Coinbase will not cheat by providing
coins that don't exist. To prove exchanges do own a large amount of Bitcoin, and prove they are not lying. We can trace the Bitcoin
addresses of the exchanges, because the blockchain network is transparent.

[shoreno]

why will they list that coin at the first place if that coin is fake or dont exist ? they inspect it first and they provide rules that those only the coins can enter on thier exchange . shitcoins do have a value to so i dont consider them a coin that dont exist .

for your second question , is that a volume your refering to ? even the top exchanges are also suspected before to have a fake volume on some of the coins that they list . i think exchangers them selves cant monitor that easily . they dont lie because its not thier fault  but except maybe to the fake exchange because fake volume isnt the only thing that they can do  .

[liquigate]

Exchanges list coins because they make a profit (and a good one) out of listing fees and because this listing will attract the community of that particular coin which "speculates" a potential for that particular... altcoin...

However, my not financial advice would be the following:

It is no coincidence that all institutions and hedge funds are actually paying attention to Bitcoin and consider the other altcoins as speculative assets that do not worth a thing...

The logic is the following (please correct me if I am wrong or you think there is something that I am missing)

The main thing altcoins are trying to compete with, is speed of delivering a transaction, believing that Bitcoin is slow so they are better... But Bitcoin is not even competing for the fastest transaction, it is competing with stores of value assets (such as gold).... This means, that altcoins are actually competing against VISA, Paypal, Maestro etc... and do you know why VISA Maestro etc laughed on the thread of cryptos? Because no user (including you and me) will use crypto for the day-to-day transactions and instead will prefer the current system which actually works just fine. It is FAST, reliable, protected from malware etc.

The problem with the current system, therefore, is not the speed, but the limitless supply of money. Bitcoin fixes this by having a fixed supply.

Why altcoins are considered shitcoins?

1: For a token to succeed in having value, there needs to be LIQUIDITY. (EXAMPLE: why there is not much trading on land? Because the market is IL-IQUID, meaning that though it has value, it is hard to sell land as there are not many buyers and it takes time....)

2: For a token to succeed, it needs to solve an actual problem... What problem are altcoins solving when:

SOV -> Bitcoin, Gold, Silver etc
TXSPEED -> VISA, MAESTRO, PayPal

So name it ICO, DeFI, IEO or whatever, unless they actually solve a REAL problem, I doubt we will see any of them succeeding.

PS: Blockchain is the next big thing, but it can be used without issuing a token.

why will they list that coin at the first place if that coin is fake or dont exist ? they inspect it first and they provide rules that those only the coins can enter on thier exchange . shitcoins do have a value to so i dont consider them a coin that dont exist .

for your second question , is that a volume your refering to ? even the top exchanges are also suspecte                                                                                                              d before to have a fake volume on some of the coins that they list . i think exchangers them selves cant monitor that easily . they dont lie because its not thier fault  but except maybe to the fake exchange because fake volume isnt the only thing that they can do  .

[Lordhermes]

Actually an exchange is a place of buying and selling bitcoin, so definitely there is no fake bitcoin in the market circulation, people might have earned it by trading or purchased it using their debit card from fiat currency, so there's no way a fake coin could be purchased on exchange. Moreover, if its actually fake, blockchain has an explorer that reveals all bitcoin balance shown on the address which makes every transactions to be transparent, easy and accessible.

And also beware of exchange that lied to investors, some provides fake volume and liquidity which were proven to be faked at last, so if you really want a good exchange that won't give a lie about them, you could consider binance, huobi, okex and other top exchange as directed by coinmarketcap.

[liquigate]

What the use meant is how do we know that the Bitcoin we are buying in the exchange actually exists....

For example, when you purchase Bitcoin in XXXXXXXX exchange, how do you know if you have been credited a number (a simple number in their database) OR a real Bitcoin (1.00000000 bits)...

Essentially who is to say that they are not faking the existence of Bitcoin in their exchange in order to increase the volume... And you make a point, we have block explorers for that, but with so many addresses an exchange has it is difficult to calculate if you do not have access to their ledger...

Short story, there is no way to be sure, UNLESS they are being Audited frequently....

Actually an exchange is a place of buying and selling bitcoin, so definitely there is no fake bitcoin in the market circulation, people might have earned it by trading or purchased it using their debit card from fiat currency, so there's no way a fake coin could be purchased on exchange. Moreover, if its actually fake, blockchain has an explorer that reveals all bitcoin balance shown on the address which makes every transactions to be transparent, easy and accessible.

And also beware of exchange that lied to investors, some provides fake volume and liquidity which were proven to be faked at last, so if you really want a good exchange that won't give a lie about them, you could consider binance, huobi, okex and other top exchange as directed by coinmarketcap.

[shamimal93]

Before working on any exchange you have to have a good idea about that exchange. If you do not have a good idea about that exchange then you may face loss. You will invest money in the exchange all your life, if you do not have a good idea about that exchange  That would be the ultimate nonsense for you.  If you see anything suspicious on an exchange, be sure to discard it immediately.  Finally I have a suggestion for you to use the reputable exchange.  Such as Binance, Houbi Global, Coinbase, Bitrex etc.

[liquigate]

I agree with that... My non-financial advice would be to actually never trade... Though there might be some fundamental analysis that works, trading is very risky and the market is unpredictable.

But yes if you are to trade, use a reputable exchange but make sure that someone has performed an Audit... An exchange with no license is dodgy.

Before working on any exchange you have to have a good idea about that exchange. If you do not have a good idea about that exchange then you may face loss. You will invest money in the exchange all your life, if you do not have a good idea about that exchange  That would be the ultimate nonsense for you.  If you see anything suspicious on an exchange, be sure to discard it immediately.  Finally I have a suggestion for you to use the reputable exchange.  Such as Binance, Houbi Global, Coinbase, Bitrex etc.

[hahay]

Don't understand what you mean because if buying and selling bitcoin is done at least it is a pair of usd so, if there is no supply and demand on the exchange, I think we will know clearly if it is lacking or not available. If you sell or buy it individually I think it is a risk apart from that, why are we still doing individual transactions while there are so many exchanges out there that there are even local exchanges which I think would be more efficient.