Bitcoin Forum

Alternate cryptocurrencies => Speculation (Altcoins) => Topic started by: tuiputui on October 15, 2017, 09:49:57 PM



Title: Bittrex made alts crash ??
Post by: tuiputui on October 15, 2017, 09:49:57 PM
Any though on this subject? BITTREX dumped a lot of alts at the very same time that produced the spark of alts crash?

suppoman commenting on this
https://www.youtube.com/watch?v=TmbjiHPdUbs

official reddit
https://www.reddit.com/r/CryptoCurrency/comments/75cbk2/bittrex_is_the_reason_of_the_alt_coins_to_drop/


Title: Re: Bittrex made alts crash ??
Post by: lobo13hf on October 15, 2017, 10:09:30 PM
Any though on this subject? BITTREX dumped a lot of alts at the very same time that produced the spark of alts crash?

suppoman commenting on this
https://www.youtube.com/watch?v=TmbjiHPdUbs

official reddit
https://www.reddit.com/r/CryptoCurrency/comments/75cbk2/bittrex_is_the_reason_of_the_alt_coins_to_drop/
Did you mean if that was just a manipulation from the bittrex? And another thing in my brain about and so to listed on the bittrex the developer must pay a lot of the altcoin to the developers? What the heck that was so shady.


Title: Re: Bittrex made alts crash ??
Post by: tuiputui on October 15, 2017, 10:24:55 PM
well thats what i did understand in the video, they dont have the power to make such dump, but thet can make the snowball start rolling?. there is some part of the video that i dont undertsand regarding the korean exchange partnership and payment of dividend, as my english is not native


Title: Re: Bittrex made alts crash ??
Post by: KryptoKai on October 15, 2017, 10:28:00 PM
It OP of the reddit thread does have a good theory, Bittrex will need to dump their alt holdings at some point and hiding it during this BTG induced dump is a good way of cloaking it. But as others have said - it could be trading bots


Title: Re: Bittrex made alts crash ??
Post by: tuiputui on October 15, 2017, 10:46:35 PM
http://thecryptosyndicate.com/opinion-bittrex-anomaly/

too many bad noise on bittrex last days with the locked accounts.. but now this is uglier? its just too weird to be a coincidence?


Title: Re: Bittrex made alts crash ??
Post by: rommelzkie on October 16, 2017, 12:01:13 AM
Bittrex is one of the leading cryptoexchange especially for altcoin. I bet they want an extra money.


Title: Re: Bittrex made alts crash ??
Post by: Choosewise on October 16, 2017, 12:06:19 AM
I'm pretty sure bittrex only takes fees in btc.


Title: Re: Bittrex made alts crash ??
Post by: coinporch on October 16, 2017, 02:01:42 AM
i trade on bittrex but i think the crash of alts is because bitcoin value has increase
just my opinion


Title: Re: Bittrex made alts crash ??
Post by: tanghere02 on October 16, 2017, 02:50:07 AM
Whether there is a manipulation on Bittrex or not, I still like the site more than any other sites because they are by far the most reasonable site I've ever encountered. And I basically don't have any problems with this exchange site as well. And oh probably the reason why altcoins are dumping is probably because Bitcoin is close to reach the $6000 goal.


Title: Re: Bittrex made alts crash ??
Post by: HPC1984 on October 16, 2017, 04:00:37 AM
i trade on bittrex but i think the crash of alts is because bitcoin value has increase
just my opinion

Yeah, I feel like this is the more likely reason.

What incentive does Bittrex really have to dump alts? I would think that would slow trade volumes and their commissions if that was the case.

Plus didn't Bittrex give BCH to BTC holders on their exchange? Wouldn't it kill people's faith in them if they didn't also do that for BTG?


Title: Re: Bittrex made alts crash ??
Post by: nosanoko on October 16, 2017, 04:05:50 AM
Smells like conspiracy.  ;D
Not sure if they are the ones who did it but it's obvious what happened was intentional.


Title: Re: Bittrex made alts crash ??
Post by: tuiputui on October 16, 2017, 06:56:37 AM
Whether there is a manipulation on Bittrex or not, I still like the site more than any other sites because they are by far the most reasonable site I've ever encountered. And I basically don't have any problems with this exchange site as well. And oh probably the reason why altcoins are dumping is probably because Bitcoin is close to reach the $6000 goal.
I use  Bittrex, i never had problems with it (but many people is in the last weeks, search it in the forum), yet i don´t find anything special about it... Also most of good new projects are not there.. they don´t even have "chainlink" and are usually the last to incoporate this exciting  new projects because apparently entering requires to pay a huge amount of coins. So Bittrex is totally fulled with tones of old unised coins that nobody cares excepts the pump-dump gangs.

Will i stop using it?, i´m already not using it  as much as before.. and honestly i don´t feel like supporting someone who has such power in the community to choose who success and who does not.
 

https://image.ibb.co/jMxOd6/bittrekt.jpg

Quote
Argument: People are moving alts to BTC

This is mainly false. Though it is true, it didn’t happen at the scale that matches with the volumes moved from alts to BTC across any other exchange. This wasn’t a market-wide movement like we saw with BIP91 activity between June and July.

Argument: It’s just whales

If it were just whales, you wouldn’t have seen this level of diversification and havoc in every page of Bittrex. This pattern is everywhere, from page 1, through page 7. This pattern doesn’t show up on any other exchange in this fashion. Whales don’t buy LGD, come on…

Again – we are not journalists, we are analysts. We are open to discussion or other raised insights in any of our Social platforms (Facebook, Twitter or Slack).


Title: Re: Bittrex made alts crash ??
Post by: xooho on October 16, 2017, 08:31:21 AM
manipulation on the stock exchanges it is a common thing


Title: Re: Bittrex made alts crash ??
Post by: muvie on October 16, 2017, 09:02:39 AM
I'm pretty sure bittrex only takes fees in btc.
No, if you sell an altcoin you have to pay fees in the currency you are selling. Just have a look at a trading pair and type something into the sell form. Fee for Trex will not be calculated in BTC.


Title: Re: Bittrex made alts crash ??
Post by: boyrocky on October 16, 2017, 09:06:27 AM
i think it is the BTC hardfork and the expectation that BCG will reach atleast $300 - $600
so people are moving alts to btc


Title: Re: Bittrex made alts crash ??
Post by: truimpheriues on October 16, 2017, 09:49:51 AM
Any though on this subject? BITTREX dumped a lot of alts at the very same time that produced the spark of alts crash?

suppoman commenting on this
https://www.youtube.com/watch?v=TmbjiHPdUbs

official reddit
https://www.reddit.com/r/CryptoCurrency/comments/75cbk2/bittrex_is_the_reason_of_the_alt_coins_to_drop/

all altcoin crash not made bittrex
all altcoin down price, because bitcoin price incraese very high and go the moon


Title: Re: Bittrex made alts crash ??
Post by: tuiputui on October 16, 2017, 10:21:28 PM

its confirmed the partnership with the korean exhange. i hope when it goes online we see some movement for alts

https://i.imgur.com/7jcDJNV.png


Title: Re: Bittrex made alts crash ??
Post by: zxl912157 on October 17, 2017, 12:15:24 AM
I still believe in bittrex, and still use it. it's been 3 years I used it and so far no serious problem.
if bloody altcoin was just a result of BTC prices.
and yesterday a lot of coins that are discarded is a rule related volume trade.


Title: Re: Bittrex made alts crash ??
Post by: shesheboy on October 17, 2017, 02:09:11 AM
Any though on this subject? BITTREX dumped a lot of alts at the very same time that produced the spark of alts crash?

suppoman commenting on this
https://www.youtube.com/watch?v=TmbjiHPdUbs

official reddit
https://www.reddit.com/r/CryptoCurrency/comments/75cbk2/bittrex_is_the_reason_of_the_alt_coins_to_drop/

i think its normal for the altcoins to be dumped because  just like in bitcoins their market value are always fluctuate and not stable. also these days altcoins are dropping not only in bittrex but also in other exchanges probably because of the consistent rise of bitcoin and on the upcoming hardfork that said will occur on mid of october and november. but for sure altcoins would rise again back after the fork.


Title: Re: Bittrex made alts crash ??
Post by: trumper on October 17, 2017, 05:23:31 AM
I don't know exactly what happened in bittrex but I know they dump the coins that they will delist right before the announcement.


Title: Re: Bittrex made alts crash ??
Post by: V1saya on October 17, 2017, 06:52:47 AM
Do you have such information coming from a reliable source? Or is this just some creative thinking function in you? I think altcoins coming down the lane in terms of value is brought to us by the bitcoin very aggressively pushing them all down while rising so fast and high. The blood of altcoins are found all over the exchanges not just in Bittrex.


Title: Re: Bittrex made alts crash ??
Post by: okissabam on October 17, 2017, 07:09:16 AM
Do you have a link that we could read from? What basis did you find about Bittrex making altcoins crash? Or maybe the altcoins just dived down because of the sudden increase of Bitcoin lately. And I did heard and read about Bittrex cancelling accounts too, these rumors are spreading like wild fire.


Title: Re: Bittrex made alts crash ??
Post by: Cnut237 on October 17, 2017, 07:42:27 AM
I don't think the cause is Bittrex, that sounds a bit like a conspiracy theory, and if they were doing that they'd cover their tracks a bit better. For example they'd only do some coins, not all coins all at the same time.


Title: Re: Bittrex made alts crash ??
Post by: Mallyx on October 17, 2017, 07:54:33 AM
Even if Bittrex is trading with the fees they are collecting, I don't think they would dump the market so hard.
Before a delisting they are selling slowly on premium, then make the news public.


Title: Re: Bittrex made alts crash ??
Post by: arbitrage on October 17, 2017, 09:48:52 AM
manipulation on the stock exchanges it is a common thing
Exactly and this doesn't mean we need to accuse exchange.

This is speculation, why do they need to release coins gathered through fees all at once when they can sell them all the time every day, this would be worst moment for doing this. Maybe they wanted to create mass dump in an theory, but this would be much worse for them, it is not logical, why should thay endanger their established service?


Title: Re: Bittrex made alts crash ??
Post by: Rinder on October 27, 2017, 09:09:48 PM
Its normal exchanges dump their coins fast just before they delist or remove the coins, i do believe its like a rule for those exchanges wich does charge besides bitcoin fees others coins fees. I dont know how Bittrex can make alts crash, but im pretty sure that is due to bitcoin value that has breked records.


Title: Re: Bittrex made alts crash ??
Post by: tuiputui on November 13, 2017, 08:27:34 PM
Do you have such information coming from a reliable source? Or is this just some creative thinking function in you? I think altcoins coming down the lane in terms of value is brought to us by the bitcoin very aggressively pushing them all down while rising so fast and high. The blood of altcoins are found all over the exchanges not just in Bittrex.

no, it´s not my creative thinking, there´s info around if you care to check. Of course, if you expect a note from bittrex saying "yes we dumped alts", then there´s not such thing i´m afraid.

https://thecryptosyndicate.com/opinion-bittrex-anomaly/



Title: Re: Bittrex made alts crash ??
Post by: bengems on November 14, 2017, 09:06:22 AM
That's a conspiracy, bittrex can't make all alts crash crash at the same time, instead people sell their alts when they see that BTC price in fiat is increased reasonably, and buy alts back when BTC price in fiat crashes. that's the circle of trading, most traders follow that patter and not Bittrex