Quote from: mindrust on Today at 08:34:59 PM

Quote from: KoochieMane on Today at 08:30:32 PM

Lately i see many new crypto exchanges / shitcoin exchanges.
I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange? Even with a marketing campaign, theres not much you can innovate. All exchanges that promise "no KYC fiat trading" is either a scam or will be shut down due to AML policies.
Exchanges which allow anyone to list their own coin ( exists ) are very vulnerable to Dip and Ditch schemes.

Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.

Am i wrong? Correct me if im wrong, willing to hear all your opinions.

Why study medicine and become a doctor while there are hundreds of thousands of doctors that are very good at what they are doing?

Why become a software engineer and make apps while there are apps with the same functionality exist already?

Why open up a Chinese bistro when there are many?

Why?

Because they can do it and they can still make money of it. That's why.

I mean theres a much higher demand for doctors then crypto exchanges.
Becoming a doctor youll most probably find a job because everyone needs doctors, and most of the time you can only go to a doctor in your local area, where the "supply" of doctors can be lower then the demand therefore leaving you space. On the internet there is almost no localized limits and the supply is much much much higher then what we need, especially if you dont bring something to the table.