Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: masterrex on December 08, 2019, 01:18:09 PM
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If we closely look at the numbers of cryptocurrency exchange that exist today old and new i might say that it was continue to rise despite of the unfavorable market condition that we all experiencing these days, what was the reason behind in all of these rise of cryptocurrency exchanges?
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It is not bad news, more exchanges mean more places for people to trade their coins. But they should be quality exchanges, this can determine the trust of people. If most new exchanges have a bad quality or even turned to be scams, people will be afraid to try new exchanges.
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I think that's a good idea having more new cryptocurrency exchanges that can actually contain numerous altcoins that are been created on monthly and daily basis because it may not be possible for the existing cryptocurrency exchange to list all the new coins that are been developed.
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The number of new exchanges and exchangers is growing, because it is a very profitable type of business. However, now we need not quantity, but quality. We need exchanges and exchangers on which all types of cryptocurrencies would be traded. We need to move away from the practice of concluding contracts with exchanges. Exchanges should simply have a percentage of the transaction.
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The number of new exchanges and exchangers is growing, because it is a very profitable type of business. However, now we need not quantity, but quality. We need exchanges and exchangers on which all types of cryptocurrencies would be traded. We need to move away from the practice of concluding contracts with exchanges. Exchanges should simply have a percentage of the transaction.
Yes, if there was a mechanism for trading on exchanges with any cryptocurrency, that would be nice. The current trading system on exchanges is very complex and imperfect. In the meantime, let the number of new exchanges and exchangers increase. Between them competition will develop, which means the quality of services will increase.
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Yes, exchange platform business is now very profitable and it is increasesing every day. I think the more these exchanges, the more competitive the market becomes. I like the coming of more exchanges to help traders get very good options in term of low transaction fees and advance security for crypto funds.
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It is good to see new cryptocurrency exchanges coming into the industry but I don't think that all the exchanges you are seen is actually there to serve the purpose why they come, so of the new exchanges are very bad with wrong intentions.
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I don't know what's the behind reason rising many exchanges these days, but it is good to have many exchanges because we can choose which is the lowest fee exchanges so we can trade there.
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Because it is the easiest way to create a cryptocurrency exchange than to start using cryptocurrency technologies in some area, and therefore many people create cryptocurrency exchanges in order to start making profits faster.
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It became a very profitable business nowadays. some scammer also takes that as a chance to create a fake exchange and loot people's money. Also, some leading exchanges like IDAX scammed. It is very frightening for a trader like us. When big exchange scammed i wonder whom I should trust then.
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The increasing number of Cryptocurrency exchanges is certainly good, because it shows the development of Cryptocurrency in the Community. The more exchanges, of course, make it easier for traders to choose which markets to buy and sell. But in the end only quality and have a large community that will survive.
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It is like two shapes of the knife. It may be good for crypto development, for it means that the crypto world is developing and growing with many more promising projects. However, we must note that it should not be a garbage exchange coins.
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good to be able to add to the exchange which of course also increases trading volume and more widely known.
the reason when all crypto rises is driven by good news and the addition of more efficient features.
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If you ask me… That's bad news! Why? A good percentage of them are poor quality, while a third(my estimate) may be scammish. Recently got KYC scammed by Cpdax. Also exit scams and the new one, KYC scams are on the rise. Unfortunately we can't have a central crypto registry. So the scams continue, sadly
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I think some ambitious new projects might offer something new in terms of speed, functionality and overall security, so why not giving them a chance? But of course we need to be careful choosing those
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while the exchanger is well used and functioning properly it doesn't matter. and don't fake prices to start trading on crypto exchangers.
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This is neither bad nor good. It just happens. We don't know and cannot predict what the consequences of this will be in the future. But at the moment this doesn't affect the cryptosphere.
Although some unreliable currencies affect badly. But this influence is insignificant.
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The increasing number of Cryptocurrency exchanges is proof that Cryptocurrency is experiencing growth. But later people will still choose which exchanges are good for trading, and in the end the exchanges that don't sell will die too. And remember, we must be careful of the new Cryptocurrency exchanges, lest we enter the wrong one. Because of my experience there was an exchange that turned out to be a scam.
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Exchange to list all the new coins that are been developed.
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It has a positive side to allow traders having many choices to trade their assets. It also provides more chance for arbitrage, so you can analyze the coin's price among the exchanges. Then, crypto projects also have many options to provide their IEO.
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it is very bad. honestly. bad for the crypto business because many are scams and will fall out. most project owners feel like that is the best way to make money in this crypto market. a lot of scammers are developing a trading platform using it as a means of cashing out. obvious it is working but it is bad for the market because it will be hard for data collection.
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IMO I think it does not matter if many exchange added on cryptomarket. Why? These exchanges added market liquidity and additional place for crypto trading. Is that bad? The only reason I see it as bad if the exchange loses its credibility to operate and turn to be scam due to lack of funds.
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Wow, the number of exchanges is increasing every month. Personally, this makes me neither cold nor hot. Because I have already chosen for myself certain exchanges on which I trade and they completely suit me. Others I just do not consider.
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Nowadays there are many Crypto exchanges that do not meet the requirements to be used as a place to buy and sell Crypto. There is something very difficult when we want to withdraw our assets. So we must be careful when we want to enter a new exchange.
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Its because they knew that despite of the market condition, exchange always earn on its fee and listing fees. Many exchanges in the market means a good thing, more competitors the better to increase their performance than the other but be careful on choosing a new exchange. You're funds might get scammed or hacked.
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Numbers of cryptocurrency exchange is dependent on investors.For so long as money keeps pouring into the crypto economy and the ICO sector remains vibrant, new exchanges will continue to proliferate.
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An increase in the number of cryptocurrency exchanges is, of course, good. However, with the already existing more than three hundred exchanges, it is still very difficult to find exchanges to exchange our tokens. We need to come up with such a cryptocurrency trading system so that you can freely buy, sell and exchange any tokens on the exchanges that are not fraudulent. Otherwise, interest in cryptocurrency may decline over time.
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If we closely look at the numbers of cryptocurrency exchange that exist today old and new i might say that it was continue to rise despite of the unfavorable market condition that we all experiencing these days, what was the reason behind in all of these rise of cryptocurrency exchanges?
I think the biggest reason why more and more cryptocurrency exchanges are popping up is because of business, they see opportunities and huge profits in the exchange so they are competing to create an attractive exchange. and I think it doesn't matter if their competition is healthy.
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It's good and bad, everything that has a good side have a bad one as well. Having more exchange is not a bad thing but the problem is that many of them are fake, dubious, scam that can steal your fund. So its hard to trust them
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I would say that it's pretty hard to find a nice, reliable exchange although the fact that there are thousands of them on the market. Many crypto exchanges are just a scam. I recommend to check some rankings of cryptocurrency exchanges before you decide to use one of them. For example you can visit cryptomag.me (https://cryptomag.me/) where CoinDeal was named as one of the best trading platforms for EU in 2019.
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I think this is not good because most crypto projects have no real-life use case they are just on Exchanges and they are making money for themselves. So, it is okay to stay with only quality projects and ignore others.
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Many new cryptocurrency today certainly shows the development of a good cryptocurrency. But among the new exchanges there are certainly good and bad, a Crypto trader must be clever to choose which exchanges will be used to trade Crypto.