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Author Topic: Do you think it is safe to buy coins that are only listed on one small exchange?  (Read 768 times)
Frengki_cisco
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December 05, 2021, 03:23:17 AM
 #81

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

You can get NWC coins on the KuCoin and Uniswap exchanges, they are not small exchanges, they both include international exchanges, if you are in doubt about the exchange you mean.
The same thing with cdt coin, it is listed on the pancakeswap exchange you can also get it there.

Small and large exchanges in my opinion are not immune from hacker attacks, it doesn't matter if you want to buy them on these exchanges.

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December 05, 2021, 04:11:47 AM
 #82

Personal analysis is necessary. If there is a strong urge to invest in coin listed on small exchange, the only thing you won't miss is losing everything. That is the initial risk that you must remember. The market will fluctuate all the time, You can buy any number of coins you like periodically, after that you can see how it moves, If you believe that there are signs of improvement, there is no problem adding to the collection of coins you like.
Fear of missing out (FOMO) is a surefire way to get rid of the wealth you have accumulated over the years. I hope you can avoid that.

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December 05, 2021, 04:13:18 AM
 #83

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?


I think that there is no reason to not invest in something just because they are only listed on small exchanges.

However, MANA is definitely listed on more than just small exchanges. I think that it has some potential as a project and it is also on Binance.

Just be careful that you are actually buying early stage coins, where it is natural to not have large listings. If it's an old coin that has been around for a while already, it's probably a sign of things to come if it's still only listed on small exchanges.

Smiley
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December 05, 2021, 12:22:33 PM
 #84

Sometimes it is necessary to take big risks for big incomes. You can prefer small exchanges, but you should do this at the risk of financial loss. I've never tried anything like this before because a lot of research should be done beforehand. I hope you will make the right decision after a detailed examination.

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December 05, 2021, 12:36:37 PM
 #85

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?


I think that there is no reason to not invest in something just because they are only listed on small exchanges.

However, MANA is definitely listed on more than just small exchanges. I think that it has some potential as a project and it is also on Binance.

Just be careful that you are actually buying early stage coins, where it is natural to not have large listings. If it's an old coin that has been around for a while already, it's probably a sign of things to come if it's still only listed on small exchanges.

I agree with you. Investing on something that is being listed on smaller exchanges, compared to others, is not a mere limitation in deciding if the investment must be continued or not. Being listed under such may be due to many reasons, one of which is the smaller fees. However, in connection to your statement, staying under small exchange may also indicate some setbacks. And so, when one decides about making investments, research and analysis is the greatest advice that can be given, again and again.

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December 06, 2021, 12:45:43 PM
 #86

The risk is very high if you trade on a small exchange it is very easy to hack because the security is very low, I say you should buy coins that are listed on a large exchange which is guaranteed to be safe from hacker attacks.

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December 06, 2021, 02:07:47 PM
 #87

Until this year there was billions of dollar were stolen by the hackers through the exchanges and it showing putting your funds to the exchanges are quite risky and you have to realized that small exchanges or big exchanges there is no difference between both of them that they are equally risky and while buy coins what is your primary purposes because if you buy the coins for investment i think moved your assets to other wallets and it safer than rely on the exchanges to store your funds
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December 06, 2021, 02:09:05 PM
 #88

I don't follow all the projects you mentioned, but if you want to invest in a new project then the risk you receive is greater so you should be prepared to lose your assets if you fail, but you also have to see the development of the project you mentioned if it is already listed on a large exchange then it never hurts to invest in the project, Because security is more secure to be in it.

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December 06, 2021, 03:18:04 PM
 #89

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?


I don't understand the project you mentioned, but before that I also experienced it as you said, I also invested in 1 AURORA / AOA project, I saw that the project was manipulated a lot by the team and developers, apart from that AOA can only do its activities only In 1 exchange, namely Indodax, although it is registered in several exchanges, on other exchanges such as AOA Kucoin, it is locked and cannot carry out market activities.
well,, for projects that are listed only on a small exchange or only on one exchange, you should leave it, don't invest in it.

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December 06, 2021, 04:43:31 PM
 #90

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?


I have doubts about such a project, but every project has a roadmap, maybe you can check it first, maybe in the next year they will list on several more exchanges according to the project roadmap. I personally have more confidence in tokens that are listed on many exchanges.

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December 06, 2021, 04:44:38 PM
 #91

The risk is very high if you trade on a small exchange it is very easy to hack because the security is very low, I say you should buy coins that are listed on a large exchange which is guaranteed to be safe from hacker attacks.


Security issues are not really an important issue for exchanges, in my opinion the biggest problem is the opportunity to be a scam, too often we hear cases that exchanges are scams, or for no rational reason they close their business and don't provide an opportunity to withdraw because they get big profits from members who deposits.

I don't quite agree with you there. Correctly, there are of course also more scams on smaller exchanges, because the listing checks are not quite as intensive as on the large exchanges. In addition, it is easier to buy the listing on smaller exchanges and place a possible scam project accordingly.
But even more important is that smaller Exchanges generally do not have such high technical security measures, because they also do not have the resources for it. Over the last few years I have seen so many smaller exchanges go out of business because they have been hacked. That is the biggest risk for me, more than scams.
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December 07, 2021, 02:11:24 PM
 #92

Sometimes it is necessary to take big risks for big incomes. ~~
Successful traders are those who dare to take risks. Behind the risks of investing in cryptocurrency, There is a very good profit potential. Yes, the greater the risk, the greater the potential profit that can be obtained.

Why Elon Musk is so idolized by entrepreneurs around the world, because of the success of Elon Musk dared to take risks when his company almost went bankrupt. Now EM is enjoying the rewards because his company is worth billions of dollars (Tesla and SpaceX).
In every action taken, will be exposed to various risks. Cryptocurrency not only offer big incomes, but can make a trader poor overnight.

The trader mentality will grow when have experienced a fall. So I want to say (Only trader who dare to take big risks can reap big reward).



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December 07, 2021, 06:00:25 PM
 #93

Sometimes it is necessary to take big risks for big incomes. ~~
Successful traders are those who dare to take risks. Behind the risks of investing in cryptocurrency, There is a very good profit potential. Yes, the greater the risk, the greater the potential profit that can be obtained.

Why Elon Musk is so idolized by entrepreneurs around the world, because of the success of Elon Musk dared to take risks when his company almost went bankrupt. Now EM is enjoying the rewards because his company is worth billions of dollars (Tesla and SpaceX).
In every action taken, will be exposed to various risks. Cryptocurrency not only offer big incomes, but can make a trader poor overnight.

The trader mentality will grow when have experienced a fall. So I want to say (Only trader who dare to take big risks can reap big reward).




I agree with your statement. Dare to take risks is a basic attitude that a trader needs to have, besides that for a trader who wants a big income in an Altcoin wave, of course he has large capital and is able to understand the market, if it is not able to be understood by a trader then the results will not be achieved and always fall.

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December 08, 2021, 08:27:05 AM
 #94

Sometimes it is necessary to take big risks for big incomes. ~~
Successful traders are those who dare to take risks. Behind the risks of investing in cryptocurrency, There is a very good profit potential. Yes, the greater the risk, the greater the potential profit that can be obtained.

Why Elon Musk is so idolized by entrepreneurs around the world, because of the success of Elon Musk dared to take risks when his company almost went bankrupt. Now EM is enjoying the rewards because his company is worth billions of dollars (Tesla and SpaceX).
In every action taken, will be exposed to various risks. Cryptocurrency not only offer big incomes, but can make a trader poor overnight.

The trader mentality will grow when have experienced a fall. So I want to say (Only trader who dare to take big risks can reap big reward).




I agree with your statement. Dare to take risks is a basic attitude that a trader needs to have, besides that for a trader who wants a big income in an Altcoin wave, of course he has large capital and is able to understand the market, if it is not able to be understood by a trader then the results will not be achieved and always fall.
The basic concept of courage is indeed needed in trading, but we also have to master various things in doing all of that, altcoins are better than meme coins, even altcoins can be used using short-term patterns to invest, depending on the chosen altcoin and has prospects in the market. However, capital will determine the amount of investment that we will receive, provided that courage must be accompanied by the right concepts and analysis.

yes, that basic concept must exist in every trader. Dare to do to get big profits and big capital also determines how little or how much profit is obtained.
You also need to know that not all altcoins are good friends, sometimes there are also memecoins that exceed altcoins.

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savetheFORUM
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December 08, 2021, 10:24:24 AM
 #95

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?
Even highly reputed exchanges do get hacked, not to talk of small exchanges that might not have what it takes to fight hackers who will attempt to hack into their systems. So, it’s quite a risk for you to be making use of a small exchange, because you can be a victim if the exchange happens to get hacked. Though it’s still a thing choice, if you want to try, then you can go ahead. Just be very sure that the exchange you’re talking about is not a scam exchange that would give you exchanges tomorrow and zoom off with your money. So be very sure of the exchange first.
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December 08, 2021, 10:37:32 AM
 #96

yes, that basic concept must exist in every trader. Dare to do to get big profits and big capital also determines how little or how much profit is obtained.
You also need to know that not all altcoins are good friends, sometimes there are also memecoins that exceed altcoins.
Getting get profits and use bigger capital without thinking and if you're just a newbie, is a big no. You don't actually have to dare your position upon investing in the market. There's no need for you to rush into investing if they're only on a small exchange.
You do have that preferred coins to invest and if that meme coin is there only and you're too eager to invest in it, remember that not all of them are profitable. There is a likely that you'll eventually incur losses instead of making profits as you say.

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December 08, 2021, 02:24:41 PM
 #97

In this case i clearly said that its not a safe because some time you buy a coin in high amount but it will not list in another big exchange and so the coin price are come to Down and you receive a high loss.
So cannot believe this type token and the other is that you buy a coin but that type which team is responsible and honorable .

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December 08, 2021, 02:44:15 PM
 #98

The issue with new projects is that there's a high tendency of the project failing and the developers abandonment. This is my major consideration when it comes to investing in new projects. Considering the listing on small exchange is another great risk because they can easily be hacked owing to the fact that the exchange may lack the capacity to invest in modern technology gadgets which can prevent hackers from penetrating.
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December 08, 2021, 02:51:36 PM
 #99

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

Some big exchanges requires volume for a coin to be listed. Just like binance, I heard that they require a 5M$ of any coin who wants to be listed in their added by the fee for listing. This is where this little exchanges helps. Don't underestimate these coins specially those who really have a real life usage. They may be listed to smaller exchange and that is because of the fact that they are limited to what other exchanges requires. Just beware to those scam ones.
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December 09, 2021, 04:31:52 AM
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yes, that basic concept must exist in every trader. Dare to do to get big profits and big capital also determines how little or how much profit is obtained.
You also need to know that not all altcoins are good friends, sometimes there are also memecoins that exceed altcoins.
Getting get profits and use bigger capital without thinking and if you're just a newbie, is a big no. You don't actually have to dare your position upon investing in the market. There's no need for you to rush into investing if they're only on a small exchange.
You do have that preferred coins to invest and if that meme coin is there only and you're too eager to invest in it, remember that not all of them are profitable. There is a likely that you'll eventually incur losses instead of making profits as you say.

I think a person, be it a beginner or an experienced one, if he is able to understand candlesticks or charts on market movements then he is able to reap the benefits of his investment in crypto. that's why I think it's important to risk myself in investing if the goal is to make a profit. Apart from risking yourself it is also very important in understanding the market charts

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