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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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22011601 No.22011601 [Reply] [Original]

Why don't more people use this exchange?

>Lowest fees (0.1%)
>EUR pairings and withdrawal, USD coming soon
>Regulatory compliant
>Has an exchange coin like binance's BNB, but you don't have to buy it if you don't want to
>KYC fast and easy
>CEO does a weekly AMA and is on Telegram daily

As far as I can tell the only reasons /biz/ doesn't like CoinMetro are because:

>CM is centralized
Yet people complain about the shadiness and fees of decentralized exchanges. Also, things like buying tokenized assets and bonds and being regulatory compliant like CM are not possible on decentralized exchanges

>Can't buy my shitcoin there
Coins have to be vetted before they are offered. There is talk of having users vote for coins to be on the exchange but there will still be some vetting to make sure scam coins are not being offered for trade.

>XCM has been around for a few years and hasn't mooned
You don't even have to buy XCM to use the exchange. Anyway, why would XCM moon if more people aren't using the exchange? Welcome to the real world where the price of assets are tied to their value (i.e. the service provided by the CoinMetro exchange) and not rumor-fueled FOMO.

>> No.22011682

nobody will ever use your little shitty exchange, are you stuck bagholding from the recent moonboy pump?

>> No.22011693

I made an account to buy whatever their next IEO is after how well Pariq did.

>> No.22011761

>>22011601
OP buyed

>> No.22011768

>>22011682
Why is it shitty though?

>> No.22011824
File: 75 KB, 645x357, 1598773514981.jpg [View same] [iqdb] [saucenao] [google]
22011824

Coinmetro is not attractive anymore. Is anyone surprised by this turn of events, though? It's no wonder interest for CEXes is dying out. Despite the massive increase in gas fees, people and liquidity are slowly moving more and more towards DEXes. XSN and the recently released FSW are both proof of such a rise in interest for true decentralized means of trading their cryptocurrencies.

The only people pushing for CEXes to come back in the spotlight are government officials, or yuropoors who are behind the times when it comes to the advancement of crypto tech - their backwards vision trying to get more tax compliant people to focus on virtual currencies is in direct contradiction with the purposes of Bitcoin and crypto as a whole. IRS shills and other bootlickers will try to tell you that such a way of thinking is unhealthy, but the truth remains that all taxation is theft and only welfare niggers enforce such unfair rules.

Regarding XCM's current status, I want to remind you that the whole thing wasn't sustainable, to begin with. I can count the entire user base of coinmetro with 4 hands worth of fingers. Daily volume is astonishingly low, and the tokenomics are flawed : it's just a smokescreen to hide that it's actually a ponzi/money laundering scheme. XCM cannot be valued above 10 cents. XCM holders are now tasked to try their best to recruit as many people as possible into the exchange to keep the money and the rewards flowing in, otherwise the house of cards inevitably falls upon itself without warning as soon as the tokens bought by Kevin Murcko/the exchange ALL GET SOLD AT ONCE to break even. Let me repeat myself here : the XCM token CANNOT be valued more than 10 cents per token, if not less.

>> No.22011848

>>22011824

>4 hands guy
Saw the wall of text, skipped to the end, and saw it. Love this copypasta.

>> No.22011855

>>22011824
Tl,dr buy xcm

>> No.22011879

>>22011824
>their backwards vision trying to get more tax compliant people to focus on virtual currencies is in direct contradiction with the purposes of Bitcoin and crypto as a whole.
I agree Europoors are too dumb to understand Bitcoin (ticker BSV).

>> No.22011939

Exchange looks like a ghost town, as well all their community channels. Murcko even has justed hair.

>> No.22011981

>>22011939
Lies. The telegram has more than 5000 members and is active with a support member online 24/7.

>> No.22012002

>>22011981
5000 is nothing

>> No.22012063

>>22012002
Maybe but it's not ghost town. There are people chatting on it all day.

I'm asking why the user base is small and your answer is "there are no users". Nice logic there.

>> No.22012300

>>22012063
Anon, its a coin the price of which depends on wide usage of its exchange, and has a Telegram with just 5000 users. It basically is nothing. The idea with bonds sounds interesting if they manage to deliver, but right now its just an alternate exchange nobody uses.

>> No.22012424

September is coming boys, its gonna be big

>> No.22013055
File: 2.78 MB, 451x800, 1595111763534.webm [View same] [iqdb] [saucenao] [google]
22013055

>>22011824
Fucking kek
You always use somewhat sound looking arguments to make your fucking tangent
Admit it, you own a bag

>> No.22013612

>>22013055
cringe.

>> No.22013618

>>22012424

I sold all my XCM for PRQ and made 3x out of it.

You should do the same, XCM won't be profitable until February. PRQ now, take profit it January, XCM then

Sell your XCM now for eth:
https://app.uniswap.org/#/swap?inputCurrency=0x44e2ca91cea1147f1b503e669f06cd11fb0c5490&outputCurrency=ETH

Then buy PRQ:
https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0xfe2786d7d1ccab8b015f6ef7392f67d778f8d8d7

also 4 hands blablabla

>> No.22013625

>>22013612
cwinge!

>> No.22014276

>>22011848
this

>> No.22015078
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22015078

What are we thinking about the price end of this year, how much more time do i have to accumulate?

>> No.22015123

>>22011824
I'm an XCMfag but honestly I'm starting to like the '4 hands' copypasta
At least whoever always posts it actually puts effort into it by typing out a different opening for it sometimes
They could just lazily copy and paste the exact same thing all the time, but they choose not to. I respect that

>> No.22015166

Comfymetro. Ps. with recent developments, comfyness has gone into overdrive. Tip: get in before september.

>> No.22015198

>>22015123
>They could just lazily copy and paste the exact same thing all the time
i mean he did for a few days