Post
Topic
Board Altcoin Discussion
Re: Crypto Bad Exchanges
by
BITCOIN4X
on 22/11/2020, 21:54:48 UTC
Those are the things you should consider before supporting a particular project because you can base that if they failed or not because they should have listed on the bigger and safer exchange if they succeed. Projects like that most likely are the ones that have enough volume and have also lower value. So if you are an investor or a bounty hunter you should consider things like that before supporting or investing your money in them.
An unpopular exchange and many accusation against it is one of the criteria for avoiding exchange. Some altcoin project choose it as a starting place for trading because maybe the exchange fees are lower compared to the top exchange or because they really don't get a place on the top exchange because the quality of the project isn't great. Investing in such a project will only put investor in trouble because it is difficult to see the progress of the project once the product has traded and eventually dies. Another risk bounty hunter may face, they will lose a lot of time promoting a project that eventually fails to thrive and will only fill their wallet with display items. LOL