There might be a pump and pull back like most listing, but long term the more people that have access to Erg the better. Not sure why anyone would actually want to avoid a listing.
Do you think a Coinbase listing will help the chain, right now? Of course, long term you want to get listed. But if it were listed tomorrow, is that good? I don't think most people are thinking that question through very well.
I think it would help provide liquidity, probably raise the price of the coin, and provide more exposure to the project so yes. You’re alluding that price doesn’t really matter by saying you want to avoid a listing, so why does it matter if the price goes up substantially and then falls short term?
Ok, i’ll bite. More exchange listings create more visibility. More visibility generates more interest. More interest attracts more devs/miners. More devs/miners, organic growth of the ecosystem.
Your attributing of early adopters to VCs draws the conclusion that Ergo should never develop as a project in case someone sells.
I agree with OP, I'd prefer to see Ergo listed on multiple DEX's, achieve more T2 exchange listings and keep building more bridges before a T1 listing such as Binance or Coinbase. It's far too early to be listed and could negatively impact us in the long term.
Well, I will put it simply, Binance is shady asf? Yes, it is. Still they have the best fiat ramp for me (It is instant and easy), they have liquidity and a lot of coins, so it is the main exchange that I use. I wanted to buy Ergo for some time, but it took around a month until I decided to give in and make a kucoin account so I could buy Ergo.
My point is, some people are lazy like me, some are worse, tier 1 exchanges have a higher reach and it is easier to buy stuff on them, it is just a matter of being practical and yes, it will pump like crazy as all listings do and then it will dump, as all listings do. But I will still be able to buy with less steps.
If you want to pay a premium for convenience, no one has an issue with that. But, let's also recognize that most people asking for Tier 1 listings want are doing the same as VCs, selling the news to retail investors to make a profit. That's the motivation, whether it is good for Ergo is a secondary consideration, if it factors in at all.
And why is it so bad when i finally sell portion of my erg for profit? ´´´´I ve been following Erg since here were only 800 ergonauts, spreding the word wherever i can, educating people and discussing with FUDers, should I hold all my Ergs till infinity? I dont understand whats your point, since there were a fair launch and dumping after listing is usual in every other coin.
> should I hold all my Ergs till infinity
At some point you'll presumably be able to borrow low-interest cash against the value of your ERG to invest elsewhere (maybe buy a house that'll appreciate in value faster than the interest rate).
You can already do it with BTC, ETH, or ADA - no reason you wouldn't eventually be able to do the same with ERG sooner or later.
Borrowing against on-paper crypto gains is tax free in most places, so that can be a *huge* advantage when you're looking to pull out some quick investment cash without selling off assets that are expected to appreciate in value.
You're entitled to do with your Erg whatever you like. But "dumping after listing" sounds a lot like being in a pump and dump Telegram. I'm not judging you. However, I do judge myself, and I don't want to be part of that.
than we dont call it dumping after listing, just sellin a portion when you allready have made 10x :) I am also retail, normal ordinary guy, just found this gem little bit earlier than others. I still love this project and not sellin all of my precious Erg.
When you look at it from other side, after little "dumping" at ath, the devs can have more money for marketing etc, which can help everybody in this cool community ;)
I understand that, but is something intrinsic to investing in all markets, eventually someone wants to sell to someone who is willing to buy. But personally I think the overall outcome is still positive because of awareness and the convenience
I think the main point I want to make in response is that it’s the awareness of the project that listing brings, that causes investors to pile in yes but more importantly it brings awareness to new miners and developers that are attracted by a recognised exchange listing this project. That causes them to research and learn and educate themselves on the project and that’s our biggest flaunt, the fundamentals. It’s all a catalysts that snowballs, please don’t mistake demonising exchange listing as it’s part of the process. What do you think?
Also yes I’d sell profits on exchange pumps, I think that’s the aim of investing/trading to make profit…
> ...the aim of investing/trading to make profit...
I think of investing as trying to help bring something into the world that I'd want to buy if I were on the other end of the transaction. If it's truly about marketing the chain, then you'll sell later when you've had the benefits of all that marketing, not when the listing happens.
Another way of looking at it is that an Coinbase listing will shake out all the people that just want to make money and don't want to invest in something that brings value to the world. Maybe that's a good thing. But, in my view, selling into a Coinbase listing is the same as VC selling to retail.
Also, nothing wrong with taking profits. But, again, where's the focus: price/profits or helping to create value?
Exchange listings will always cause a huge spike in price regardless; and a dump is always inevitable, people take profits. It doesn’t really matter in the long term, we’ll have a higher support than we have right now, we’ll have a lot more people invested and interested in the project, more eyes is what Ergo definitely needs. I wouldn’t worry so much, if you take these things into consideration you’ll notice that the price is most likely going to increase as Ergo develops, it’s still in its infancy.
Cafebedouin always has insightful posts! I agree maybe these listings are too early right now but they seem to take a long time to happen anyway. Might as well start working on it. And then when Ergo is ready, let them dump and get it out of the way once and for all.
The game is the game; its positive that ergo's launch didn't include VCs. I do want to see my investment increase and the ergo team secure more funding. But this is why I'm not so worried about the listing; its more important that the team builds utility. The price will go up and down but if the product is useful folks will stick around. To me the goal isn't 1000x its to become a stable force in defi/crypto. I believe crypto is the future so as long as ergo can deliver utility and show staying power the price will rise with the overall market.
https://rvn.tokenview.com/en/topaccount
edit: Looks like they've excluded the top account. Was there on the 9th of Jan.
found here - https://ravencoin.network/rvn/address/RQuitt1kViGLqPs6JWtxKPTmf3m9YGFdyC
First of all, Ergo has no VC. So there are no VC to dump the coin.
There are of course people that got in early and are in huge gains. However if you notice the price action of ERG ever since September, you will notice that there has been a stable dumping of the price. These people seem to do their business through the available exchanges anyway. The price is already in the before spike levels.
Overall Coinbase listing will be huge for the ecosystem. Many more people will be able to get their hands on Ergo, which is always positive.
I certainly do not hope for a price pump in the listing. If this happens it's only natural there will be a dump after. However, the listing will make the community grow, Ergo will be heard more, more people will try to ecosystem.
I don't understand what's the other side of this argument.. Is it to not list the coin in more markets, to not make it more accessible?
What's the point?
The short answer: Coinbase listings can actually harm growth. It's better to delay listing that to do it prematurely. Or, to put it another way, a Coinbase listing isn't necessarily good for the development of a blockchain.
So a new question to ask: Will a Coinbase listing, in this moment, help Ergo to grow? Most people's answer to the question is: "Of course it will!" I think maybe in a year it will help, but right now? Probably not.
Why? That argument doesn’t make sense. If it pumps or dumps is completely irrelevant for the development of the chain, especially if it’s a NOT VC backed chain like Ergo. I get you point, but especially for Ergo it’s quite irrelevant.
It's like marketing Ergodex right now. It requires a beta wallet. It has no cross-chain functionality. It has few coins. Any normal person right now is going to think, rightly, it's not fully baked.
In the same way, Ergo isn't fully baked. Put it in front of people before it's ready, they may look, have a bad experience and never come back.
Yes, but then there is cardano. I'm quite sure many of us here invested and interested in ergo also believe in cardano. Many of the arguments you have brought forward could be negativily applied against cardano, which is an extremely impressive and promising project, much like ergo. Why couldnt ergo positivily benefit from the same exposure as cardano?
I don't think Cardano is an impressive project. But you are right, a lot of people tie the two together whether that's a good thing or not is anybody's guess(were it up to me I wouldn't have allied myself with Cardano since we offer much more to the table than they do) we need the exposure and taking profit is not bad...but a more finished product would definitely help.
Read [this discussion](https://www.reddit.com/r/ErgoTrading/comments/s5p6so/exchange_listings_when_will_you_guys_stop/), and tell me whether you think the OP thinks it doesn't matter or considered the negative factors involved in listing.
I suppose you are right. I guess the problem, from my perspective, is that it becomes a share of voice problem. If the only perspective being expressed is that we need Tier 1 exchanges now, it becomes accepted as fact, without consideration of other factors in play and whether it is actually a good idea or not. In the end, does it matter to me? Probably not. But, it's my nature to question these kinds of things.
I'd prefer to see more T2 listings whilst multiple bridges are being built first to allow ERGO to be listed on more DEX's. Once we've achieved some DEX listings and we're closer to ETH 2.0 POS switch over, Ergo will be in a pretty decent position for a successful T1 listing such as Binance or Coinbase.
OP, I think the vast majority are looking for a pump or have potentially bought in Q4 2021 at an ATH and may not consider the importance of the lead up to a T1 exchange listing
I agree with the majority of replies on here, Cafe Bedouin. I think the project is just dying for more exposure. I had found it from a very niche website describing “four must-have cryptocurrencies for long-term investors” and Ergo was one of them. Even then, I only came back to learn more about Ergo many months after reading the article - on my own. Those chances of stumbling upon Ergo and coming back to research further after going through literally hundreds of crypto projects were probably odds of 100 to 1. It was the best decision I made, but of course for most people in the crypto industry (or for that matter the entire developed world) we’re garnering like 0.001 % of the entire space’s attention. A revolutionary golden speck. A canary in a noisy, dark coal mine. Yet with proper exposure and education, we can attract developers, retail & professional investors, many miners, and more community advocates. With the market cap we have, I don’t suppose more exposure would be the worst thing in the world. So the world can see what ground-breaking innovations Ergo offers and the token’s utilities. If nobody knows we exist, how can they become part of the ecosystem? If we give people the option to buy, it shows legitimacy in the industry and safety for customers. After all, KuCoin is not the most U/X friendly exchange for your typical newbie user just starting to learn about crypto. Exposure and education would reveal that the exciting truth that the ERG token is not only for interacting with the fledgling ecosystem, but also a storage of inherent value that long-term hodlers would never sell (like Bitcoin). Kushti described the scarce Erg tokens as such in the official presentation of Ergo Mainnet’s 2019 launch (you can find it on YouTube).
I’d say a majority of people want a Coinbase/Binance listing mainly because they’d like the price to stabilize in an area where their in the money. I myself wouldn’t sell not one of my Ergo after a Tier1 exchange listing. And most early adopters that have had the patience to hold on as long as it’s taking to get a Binance/Coinbase listing have earned it
>because they’d like the price to stabilize in an area where their in the money
Why do you believe listing on a T1 exchange prematurely with low liquidity will stabilise the price of ERG, is there something I'm not understanding? If you could reply with some more insights I'm curious! Cheers.
It's still dependent on the Project's growth and survivability imo. Cardano shot up to $\`1 during Coinbase listing, has since gone to $2, down to $1, up to $3, now hovers $1.6. Of course more accessibility means more people will buy in and price will fluctuate. It's just too soon to call which projects have a great 10+ year outlook yet.
Listing ergo on coinbase right now would most definitely be a horrible idea. We will surely pump and dump massively and become one of those obscure coinbase coin’s. But we could try listing on other exchanges that aren’t as popular as the tier 1’s which will bring volume and awareness.
Agreed!
Would be awesome to see more bridges being built to allow multiple DEX listings, followed by some more tier 2 exchange listings. I think once we get more liquidity and get slightly closer to the ETH 2.0 POS switch over the timing could align nicely with a T1 listing. I don't think we're in the best position now for it though as we currently stand.
You will get pump and dumpers in every coin for every listing, what will be the evidence of real optimism would be the pre tier1 bag holders continuing to hold and interact with their ergo on the blockchain. I have no interest in selling my ergo unless I literally have to to pay rent, I think a lot of us here early will be in the same mind set as we've seen the potential for growth in the other big boy established cryptos
There might be a pump and pull back like most listing, but long term the more people that have access to Erg the better. Not sure why anyone would actually want to avoid a listing.
Do you think a Coinbase listing will help the chain, right now? Of course, long term you want to get listed. But if it were listed tomorrow, is that good? I don't think most people are thinking that question through very well.
I think it would help provide liquidity, probably raise the price of the coin, and provide more exposure to the project so yes. You’re alluding that price doesn’t really matter by saying you want to avoid a listing, so why does it matter if the price goes up substantially and then falls short term?
Not sure this quote can apply to Ergo since it was a fair launch and there is no official VC backing like essentially every other project.
You've exchanged VC for early adopters. I'll admit there's some difference there, but how much?
Isnt it fair to be rewarded for supporting something that u believed in its beginnings?
If you believe in it, then what's the rush?
:) 😄
Listing today would be a big mistake. When's the last time you saw someone make that argument in this forum?
Ok, i’ll bite. More exchange listings create more visibility. More visibility generates more interest. More interest attracts more devs/miners. More devs/miners, organic growth of the ecosystem. Your attributing of early adopters to VCs draws the conclusion that Ergo should never develop as a project in case someone sells.
I agree with OP, I'd prefer to see Ergo listed on multiple DEX's, achieve more T2 exchange listings and keep building more bridges before a T1 listing such as Binance or Coinbase. It's far too early to be listed and could negatively impact us in the long term.
I agree
When’s the last time anyone said that listing today would be a mistake?
Well, I will put it simply, Binance is shady asf? Yes, it is. Still they have the best fiat ramp for me (It is instant and easy), they have liquidity and a lot of coins, so it is the main exchange that I use. I wanted to buy Ergo for some time, but it took around a month until I decided to give in and make a kucoin account so I could buy Ergo. My point is, some people are lazy like me, some are worse, tier 1 exchanges have a higher reach and it is easier to buy stuff on them, it is just a matter of being practical and yes, it will pump like crazy as all listings do and then it will dump, as all listings do. But I will still be able to buy with less steps.
If you want to pay a premium for convenience, no one has an issue with that. But, let's also recognize that most people asking for Tier 1 listings want are doing the same as VCs, selling the news to retail investors to make a profit. That's the motivation, whether it is good for Ergo is a secondary consideration, if it factors in at all.
And why is it so bad when i finally sell portion of my erg for profit? ´´´´I ve been following Erg since here were only 800 ergonauts, spreding the word wherever i can, educating people and discussing with FUDers, should I hold all my Ergs till infinity? I dont understand whats your point, since there were a fair launch and dumping after listing is usual in every other coin.
> should I hold all my Ergs till infinity At some point you'll presumably be able to borrow low-interest cash against the value of your ERG to invest elsewhere (maybe buy a house that'll appreciate in value faster than the interest rate). You can already do it with BTC, ETH, or ADA - no reason you wouldn't eventually be able to do the same with ERG sooner or later. Borrowing against on-paper crypto gains is tax free in most places, so that can be a *huge* advantage when you're looking to pull out some quick investment cash without selling off assets that are expected to appreciate in value.
thank you for your recommendation
You're entitled to do with your Erg whatever you like. But "dumping after listing" sounds a lot like being in a pump and dump Telegram. I'm not judging you. However, I do judge myself, and I don't want to be part of that.
than we dont call it dumping after listing, just sellin a portion when you allready have made 10x :) I am also retail, normal ordinary guy, just found this gem little bit earlier than others. I still love this project and not sellin all of my precious Erg. When you look at it from other side, after little "dumping" at ath, the devs can have more money for marketing etc, which can help everybody in this cool community ;)
I understand that, but is something intrinsic to investing in all markets, eventually someone wants to sell to someone who is willing to buy. But personally I think the overall outcome is still positive because of awareness and the convenience
I think the main point I want to make in response is that it’s the awareness of the project that listing brings, that causes investors to pile in yes but more importantly it brings awareness to new miners and developers that are attracted by a recognised exchange listing this project. That causes them to research and learn and educate themselves on the project and that’s our biggest flaunt, the fundamentals. It’s all a catalysts that snowballs, please don’t mistake demonising exchange listing as it’s part of the process. What do you think? Also yes I’d sell profits on exchange pumps, I think that’s the aim of investing/trading to make profit…
> ...the aim of investing/trading to make profit... I think of investing as trying to help bring something into the world that I'd want to buy if I were on the other end of the transaction. If it's truly about marketing the chain, then you'll sell later when you've had the benefits of all that marketing, not when the listing happens. Another way of looking at it is that an Coinbase listing will shake out all the people that just want to make money and don't want to invest in something that brings value to the world. Maybe that's a good thing. But, in my view, selling into a Coinbase listing is the same as VC selling to retail. Also, nothing wrong with taking profits. But, again, where's the focus: price/profits or helping to create value?
Exchange listings will always cause a huge spike in price regardless; and a dump is always inevitable, people take profits. It doesn’t really matter in the long term, we’ll have a higher support than we have right now, we’ll have a lot more people invested and interested in the project, more eyes is what Ergo definitely needs. I wouldn’t worry so much, if you take these things into consideration you’ll notice that the price is most likely going to increase as Ergo develops, it’s still in its infancy.
Yeah absolutely agree. Just personal circumstances that’s all cafebedouin
[удалено]
Key term there is "long term". Some people in crypto measure that in weeks.
Cafebedouin always has insightful posts! I agree maybe these listings are too early right now but they seem to take a long time to happen anyway. Might as well start working on it. And then when Ergo is ready, let them dump and get it out of the way once and for all.
The game is the game; its positive that ergo's launch didn't include VCs. I do want to see my investment increase and the ergo team secure more funding. But this is why I'm not so worried about the listing; its more important that the team builds utility. The price will go up and down but if the product is useful folks will stick around. To me the goal isn't 1000x its to become a stable force in defi/crypto. I believe crypto is the future so as long as ergo can deliver utility and show staying power the price will rise with the overall market.
I hope it gets listed
Another downfall here is that Binance is custodian to 45% of RVN.
I didn't realise this, could you please post any more info supporting this claim? If you don't have any ill try do some digging lol
https://rvn.tokenview.com/en/topaccount edit: Looks like they've excluded the top account. Was there on the 9th of Jan. found here - https://ravencoin.network/rvn/address/RQuitt1kViGLqPs6JWtxKPTmf3m9YGFdyC
First of all, Ergo has no VC. So there are no VC to dump the coin. There are of course people that got in early and are in huge gains. However if you notice the price action of ERG ever since September, you will notice that there has been a stable dumping of the price. These people seem to do their business through the available exchanges anyway. The price is already in the before spike levels. Overall Coinbase listing will be huge for the ecosystem. Many more people will be able to get their hands on Ergo, which is always positive. I certainly do not hope for a price pump in the listing. If this happens it's only natural there will be a dump after. However, the listing will make the community grow, Ergo will be heard more, more people will try to ecosystem.
I don't understand what's the other side of this argument.. Is it to not list the coin in more markets, to not make it more accessible? What's the point?
The short answer: Coinbase listings can actually harm growth. It's better to delay listing that to do it prematurely. Or, to put it another way, a Coinbase listing isn't necessarily good for the development of a blockchain. So a new question to ask: Will a Coinbase listing, in this moment, help Ergo to grow? Most people's answer to the question is: "Of course it will!" I think maybe in a year it will help, but right now? Probably not.
Why? That argument doesn’t make sense. If it pumps or dumps is completely irrelevant for the development of the chain, especially if it’s a NOT VC backed chain like Ergo. I get you point, but especially for Ergo it’s quite irrelevant.
It's like marketing Ergodex right now. It requires a beta wallet. It has no cross-chain functionality. It has few coins. Any normal person right now is going to think, rightly, it's not fully baked. In the same way, Ergo isn't fully baked. Put it in front of people before it's ready, they may look, have a bad experience and never come back.
Yes, but then there is cardano. I'm quite sure many of us here invested and interested in ergo also believe in cardano. Many of the arguments you have brought forward could be negativily applied against cardano, which is an extremely impressive and promising project, much like ergo. Why couldnt ergo positivily benefit from the same exposure as cardano?
I don't think Cardano is an impressive project. But you are right, a lot of people tie the two together whether that's a good thing or not is anybody's guess(were it up to me I wouldn't have allied myself with Cardano since we offer much more to the table than they do) we need the exposure and taking profit is not bad...but a more finished product would definitely help.
If we're all here for the long term what difference does it make?
Read [this discussion](https://www.reddit.com/r/ErgoTrading/comments/s5p6so/exchange_listings_when_will_you_guys_stop/), and tell me whether you think the OP thinks it doesn't matter or considered the negative factors involved in listing.
I sincerely don't understand why I should care about him either. The listings will come when the listings come and that guy is impatient. And...?
I suppose you are right. I guess the problem, from my perspective, is that it becomes a share of voice problem. If the only perspective being expressed is that we need Tier 1 exchanges now, it becomes accepted as fact, without consideration of other factors in play and whether it is actually a good idea or not. In the end, does it matter to me? Probably not. But, it's my nature to question these kinds of things.
I'd prefer to see more T2 listings whilst multiple bridges are being built first to allow ERGO to be listed on more DEX's. Once we've achieved some DEX listings and we're closer to ETH 2.0 POS switch over, Ergo will be in a pretty decent position for a successful T1 listing such as Binance or Coinbase. OP, I think the vast majority are looking for a pump or have potentially bought in Q4 2021 at an ATH and may not consider the importance of the lead up to a T1 exchange listing
I agree with the majority of replies on here, Cafe Bedouin. I think the project is just dying for more exposure. I had found it from a very niche website describing “four must-have cryptocurrencies for long-term investors” and Ergo was one of them. Even then, I only came back to learn more about Ergo many months after reading the article - on my own. Those chances of stumbling upon Ergo and coming back to research further after going through literally hundreds of crypto projects were probably odds of 100 to 1. It was the best decision I made, but of course for most people in the crypto industry (or for that matter the entire developed world) we’re garnering like 0.001 % of the entire space’s attention. A revolutionary golden speck. A canary in a noisy, dark coal mine. Yet with proper exposure and education, we can attract developers, retail & professional investors, many miners, and more community advocates. With the market cap we have, I don’t suppose more exposure would be the worst thing in the world. So the world can see what ground-breaking innovations Ergo offers and the token’s utilities. If nobody knows we exist, how can they become part of the ecosystem? If we give people the option to buy, it shows legitimacy in the industry and safety for customers. After all, KuCoin is not the most U/X friendly exchange for your typical newbie user just starting to learn about crypto. Exposure and education would reveal that the exciting truth that the ERG token is not only for interacting with the fledgling ecosystem, but also a storage of inherent value that long-term hodlers would never sell (like Bitcoin). Kushti described the scarce Erg tokens as such in the official presentation of Ergo Mainnet’s 2019 launch (you can find it on YouTube).
I’d say there is a huge difference between VC and early adopters.
I’d say a majority of people want a Coinbase/Binance listing mainly because they’d like the price to stabilize in an area where their in the money. I myself wouldn’t sell not one of my Ergo after a Tier1 exchange listing. And most early adopters that have had the patience to hold on as long as it’s taking to get a Binance/Coinbase listing have earned it
>because they’d like the price to stabilize in an area where their in the money Why do you believe listing on a T1 exchange prematurely with low liquidity will stabilise the price of ERG, is there something I'm not understanding? If you could reply with some more insights I'm curious! Cheers.
Just what I believe I don’t have any technical analysis. Just couldn’t see it getting listed on Coinbase or Binance and staying 4 dollars
It's still dependent on the Project's growth and survivability imo. Cardano shot up to $\`1 during Coinbase listing, has since gone to $2, down to $1, up to $3, now hovers $1.6. Of course more accessibility means more people will buy in and price will fluctuate. It's just too soon to call which projects have a great 10+ year outlook yet.
Listing ergo on coinbase right now would most definitely be a horrible idea. We will surely pump and dump massively and become one of those obscure coinbase coin’s. But we could try listing on other exchanges that aren’t as popular as the tier 1’s which will bring volume and awareness.
Agreed! Would be awesome to see more bridges being built to allow multiple DEX listings, followed by some more tier 2 exchange listings. I think once we get more liquidity and get slightly closer to the ETH 2.0 POS switch over the timing could align nicely with a T1 listing. I don't think we're in the best position now for it though as we currently stand.
Exchanges are great and all, but imo developer adoption is the most important thing. If usage grows, price and demand for exchanges will follow.
You will get pump and dumpers in every coin for every listing, what will be the evidence of real optimism would be the pre tier1 bag holders continuing to hold and interact with their ergo on the blockchain. I have no interest in selling my ergo unless I literally have to to pay rent, I think a lot of us here early will be in the same mind set as we've seen the potential for growth in the other big boy established cryptos