Post
Topic
Board Press
Re: [2017-05-08] Japanese E-Giant Will Launch GMO-Z Bitcoin Exchange In Two Weeks
by
tripplewarz
on 09/05/2017, 22:48:57 UTC
They must make sure these exchanges are

100% secure. We do not need another MtGox because people rushed into something for the profits and neglected to secure people's money. I

trust these people know what they doing.... well we hope so.  Huh

You raise a good point. The beginning is what I always consider to be the "blind" period. It's exactly like that -- the rush to benefit from this exponential growth is the main priority of those behind exchanges and other services. Being on time in the game matters a lot as it will allow you to build up a rock solid reputation as years go by. Look right now how difficult it is to set up a successful exchange. Exchanges pop up like it's nothing, but at the same time, they shut down fairly soon as well. If you're too late, you'll have a lot catching up to do. If you have the finances to keep operating, then you'll last longer, but if you don't have much financial resources, you won't last long.
Probably to learn come very long and a side effect, this is when a big waste of time.