Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: admin on June 15, 2019, 02:59:17 PM
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I have been keeping an eye on different projects and how exchanges make or break a coin.
And here's what i realized.
1- A lot of projects with absolutely no value end up on coin market cap, simply because of good exchanges listing them.
2- A lot of projects, fail and have to just exit and cancel because they fail to list on good exchanges.
thus, it's the exchanges that decide, which coins will become valuable and which won't, irrelevant on whether projects are good or bad, or even outright scams!
It's not always the founders fault, I personally find it the exchanges fault.
Listing a token on a semi-descent exchange costs around 2 btc
listing on good exchange cost 10-100 times that.
Exchanges make big money on trade, but also on listings.
Most communities are not willing to use decentralized, because too complicated.
Thus projects fail in ICO , because investors have too much doubts now,
Then they fail in listing on decent exchanges because it costs money they can't afford
Then they fail to get marketcap because on dex not much happens.
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It is the community, not the exchanges, that ultimately decides.
There are decent exchanges out there but even listings on those exchanges won't satisfy many in the community. They would still demand for the number 1 exchange. It is the community that's pushing these top exchanges to charge more and inflate the exchange market.
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I think it's the marketing that decides. Every project starts with no budget. Good project but with poor marketing results in poor ICO. No or pow funding eventually make it impossible to list on a big exchange. But if a decent project has a good marketing team, they have a successful ICO and hence, get listed on big exchanges.
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So what do we all have in mind for 2018 folks ?
Anything interesting on the horizon ?
Any potential projects in mind ?
Any projects to get finished ?
Cars are not the only point of interest.
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So what do we all have in mind for 2018 folks ?
2018?
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That's right, exchanges (especially, the major ones) has the biggest influence on particular coins and tokens.
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Thank you for sharing! This is very interesting information for me.
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Not really.... They are mostly caused by the project developers. I see no reason why any project that has raised enough money through token sales should fail if not for greed and carelessness on the path of the developers. Some of these developers have the no interest in building let alone sustaining the projects they design, they are all about grabbing as much money as possible and running away with it.
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Not really.... They are mostly caused by the project developers. I see no reason why any project that has raised enough money through token sales should fail if not for greed and carelessness on the path of the developers. Some of these developers have the no interest in building let alone sustaining the projects they design, they are all about grabbing as much money as possible and running away with it.
Have the same thought here. If the project fail, it is because the project owner gives up. I have seen projects that were once listed on a shitty exchange, climbing its ladder to go into a bigger exchange as time pass by. It is possible because the project developer have the capability to identify talents especially on marketing where promotions and client relation appears. Thus the fund coming in is dictated by how the marketing team works.
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probably Investors need to be more aware about things. There are tons of scam projects,thats true but it's up to investors tbh. Im personally trying to collect NFT's via Lootex and I believe NFT's are more safer than coins. Any suggestion is welcome.
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I don't believe it,I'm using Bitay for trading and that exchange only listing quality projects that will prevent investors to invest on shitty projects. Wish,every exchange could be like that.
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Usually they charge fees to projects and get a massive tranche of tokens in exchange as well.
Then liquidate those over the next month or so.
The winner are the ones that time buying ahead of listing. By the time it is listed people are playing the volatilibty.
Last time I looked almost everything listed that wasn't a heavily-funded mainstream project was down-and-to-the-right over the next year.
And so many meme coins (the polite terms for another phrase...)