Post
Topic
Board Speculation (Altcoins)
Re: Exchange KuCoin and KuCoin shares
by
laurenB7742
on 04/01/2018, 00:31:01 UTC
I think idea of sharing the profit is great, but it grew way too much in past 7 days, like 5x.

Right now, it is valued at only 20% less than Binance, which has 50x more volume, so I think we can expect the price to dip in the upcoming days (although you never know in crypto).

Anyway, great idea and this exchange will be huge in future.
Some people just don't want to understand things. Or maybe they are sharing FUD, trying to bring the price down so they can buy more.
50 times less volume than Binance means nothing when talking about token price. Binance coins have very little use, while KCS brings you SHARES of profit daily. I'm getting fractions of all coins that are being traded at KuCoin exchange.
50 times less volume can only mean that KuCoin has lots of potential and if they stay innovative and if they keep listing coins demanded by the community, the volume will keep growing and KuCoin will be closing gap to Binance. Just imagine how much money will KCS holders get daily if KuCoin gets to 50 or even 20% of Binance volume. I will be rich Smiley I'm not selling KCS even if the price reaches 20 USD.

KCS price will dip only if trading volume decreases/stops growing, or in case of hack or legal problems of the company with authorities.