Bitcoin Forum

More and more privacy is taken away from us.

XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?

https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21

If I were to manage or run an exchange. I would.not delist existing coin because whether it has bad reputation or not itn would still contribute to the businesss income. Besides, let the coins also give a chance to correct whatever problem and issues it made. Instead of delisting it all coins should be supported or maybe they have the other reason why they wanted the coins to be dump?

Bittrex has such a bad raputation these days that it shouldn't be a big deal.

I guess it is a concern for altcoins because people are afraid of a chain reaction like when exchanges begun to delist BSV but there's not enough trading going on on Bittrex to affect Bitcoin's price.

I like privacy coins but being selfish and heavily invested into BTC, I wouldn't feel sad if people moved their money to Bitcoin.

Well, well Binance will do it too and all privaty coins will be desisted:
Hope is just temporary but when the things get to be that big there will be regulations.
https://i.imgur.com/h2SI8GE.jpg

Source:https://twitter.com/joe_baldwin/status/1345075158743019520?s=19

Umm, what is the main reason behind this delisting? I doubt it is a political issue.  :-\
By the way, if it is not big news related to the crypto market as a whole, it shouldn't impact much in Bitcoin price. I am sure if Bitcoin can continue to increase even if there will be a delisting issue for XMR, DASH and ZEC. We already have a delisting issue for XRP but no impact on Bitcoin price. So why we must be afraid of the current delisting issue?  ;)

Well, I thought only XRP was delisted on Binance but sad to know that there are also 9 altcoins that were delisted. I don't know what would be the effect of the bitcoin price but these privacy coins are not a big deal to bitcoin because there are too many altcoins that supposedly a replacement to them. Perhaps, my assumption is bitcoin price will pump up because those investors of that altcoin will surely move to bitcoin or either in ethereum which is a perfect move to them.

This sad news is kinda the same with what happened on XRP about SEC issue, a huge dump also happened.
Bittrex and followed by some major exchanges just Binance, I think the dump will still continue just what happened on Ripple.
I am very thankful I am already done looking forward to covert my Bitcoin to some privacy coins, just like XMR and ZEC.
Having this issue, being a good privacy coin of Monero and ZCASH will no effect, I believe these privacy coins are quality and still useful.

Probably XMR, DASH and ZEC investors ->> BTC? it's going to be a win win situation for us.

But I'm not really sure though, those investors or at least crypto enthusiast who is more privacy oriented are using those privacy coins so maybe they won't be sold on going full BTC.

I will only assume that those exchanges that are de-listing this privacy coins might be push by regulatory bodies and pressure to removed them.

They're not really taken away from us. They failed to break these privacy coins. They are now resorting to other means of hopefully bringing them down. And just like their past attempts, and even huge bounty on cracking Monero, these recent steps wouldn't make these privacy coins worthless. As a matter of fact, all these attempts from government authorities are actually adding more weight to these coins' existence, making their arguments more valid than ever, although they also push them underground.

I don't think it will affect Bitcoin's price.

No effect of course, Bitcoin is not a privacycoin, duh. The interesting part will start when or if Bitcoin will adopt privacy enhancements in its protocol. It will largely depend if they will be opt-in or not. If it's opt-in, then it will be a lot like Coinjoin - some exchanges will ban it to comply with KYC/AML laws. But if Bitcoin will become a full privacycoin, it will be a matter of time before big governments will start banning it. That would mean goodbye to high prices, giant hashpower, big network of nodes, potential for mass adoption, etc.

This will only affect all the privacy coin listed on US-based exchange though some exchange might follow but it just that. More people will still use privacy coin.

Since a privacy-coin user will always use a privacy coin no matter what happens especially if the government make a move against it.

It may affect Bitcoin, but it's early to draw any conclusion. One can assume that after delisting privacy coins Bittrex' customers will switch to Bitcoin, so the price will go up.

I don't think so, much likely they will switch to other exchanges that still allow to trade privacy coins or use DEXs. Even though all CEXs will delist privacy coins, they will not become deadcoin since they can still can be traded on DEXs (but the problem is pretty low volume on there).

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It's between less or nothing affect on Bitcoin since I don't find any correlation between XMR, DASH and ZEC with pseudo-anonymous coin, those coins only affect on another privacy coins [1] https://www.coingecko.com/en?category_id=privacy-coins&view=market

There will be no effect on the bitcoin price if exchanges delisted them. People will sell these privacy coins and move their money into bitcoin which will make bitcoin more stronger. We have seen price dump in these privacy coins and it will continue as more exchanges may take similar steps. Bitcoin dominance may further increase due to this.

Regulation of cryptocurrencies by states will only intensify over time. Especially in this matter, the United States and its SEC stand out, which has already become the cause of many scandals with cryptocurrency. An attack on coins with a high degree of anonymity was inevitable. However, there will always be exchanges and states where Monero, ZCash, Dash and other anonymous coins will feel safe. Because there will always be a demand for these coins.

These news are really crummy for investors who have these crypto in profile like me. I am confused what to do now, hold or sell as I have some portion of my portfolio invested in XMR, DASH, ZEC & XRP, or it is too late to sell. 

I only think about it will affect bitcoin price because when those coin investors try to sell their coins at once before it is delisting, they will move their money to bitcoin and if that so, maybe that can lift the bitcoin price to increase higher.
One by one, the coin is delisted from the exchange.
I think the government has forced the exchanges to delist the privacy coins such as XMR, DASH and ZEC without telling their reason to do that thing.
The crypto market will refresh with a new coin listing on the exchanges, and it will be different from the last years.
If this can bring a better situation to the crypto market, then the delisting will be worth to do, but if it's not, I do not know what will happen to the crypto market.

It only curtails privacy coin, so we can call that there will be no effects. But the question is if those investors liquidate, where are they going to move their capital? then the answer could be bitcoin. So that's where the market will benefited to say the least. And as far I can remember,

This is 2019:

[1] South Korea’s Upbit Becomes Latest Exchange to Delist Privacy Coins (https://www.coindesk.com/south-koreas-upbit-becomes-latest-exchange-to-delist-privacy-cryptocurrencies).

[2] OKEx Korea Reviewing Decision to Delist Privacy Coins Zcash and Dash (https://www.coindesk.com/okex-korea-reviewing-decision-to-delist-privacy-coins-zcash-and-dash).

So there is already a precedent.

If anything at all I think this is very good news to see these exchanges desisting privacy coins XMR DASH and ZEC. 
If people are selling the coins for Bitcoin, thats even better. Now we can all hope that hodlers of these coins will exchange these coins for BTC and pump into the marketcap. 

That was expected because of the SEC pressures from those platforms that were based or have a business operation in the US territory, the Monero's privacy-centric features were considered by US SEC and other agencies as a potential threat to their operation because of its superb privacy function. and we are not surprised if many other exchanges will follow that move sooner or later.

this sounds simillar to the thread with a title " coinbase delist xrp , will this affect bitcoin " not sure if is that also you who open that thread or another member .

 its not bitcoin that is getting delisted why it will affect btc but they say that btc will show an increase because if those alts get delisted , investor that invest on those coins will move on and possible consider bitcoin leading for btc to have an increase in its price .

is the removal of those alts also relate with sec same as xrp?

There's one very easy solution to this problem:

1. Withdraw all crypto from your accounts
2. Install Bisq (https://bisq.network/)
3. Enjoy trading without fear of restrictions and bans!

Now to answer the title of the topic, this only further proves that my earlier thoughts about improving default privacy through BTC (https://bitcointalk.org/index.php?topic=5276966.msg55227045#msg55227045) are slowly being confirmed: hostility against privacy is a thing of the near future and if we ever push BTC into the privacy zone, it'll be significantly affected since everyone will want to jump out of the falsely advertised "criminal's" boat.

I actually have a new thesis for what's actually going on: we already know that Bitcoin will most likely have a better privacy by default than it currently does. I doubt the institutional investors don't know about it; what if they're actually purchasing a huge load of BTC only to allow the usual bull cycle to happen while actually waiting for those new privacy features to be added so that govs come with heavy hostility against BTC and all those billions of USD pushed today by institutional investors in BTC are going to be dumped all-in-one?

I'm curious what is the reason behind the removal of these cryptocurrencies. Hopefully authorities haven't made some orders regarding the trading of anonymous cryptocurrencies. These coins have more than decent volume and they're veterans in the space so it wouldn't make sense for Bittrex to delist them from a business point of view.

I think having exchanges dump you is just part of the ride...  Most of these exchanges are just wanna be banksters that will eventually evolve... I don't think cryptocurrency is tied to the hip of traditional banking (and that's a good thing).

Accepting fiat is profitable, but comes with a lot of bullshit.

FreeBitcoins.com's XChange (https://freebitcoins.com/xchange/) is happy to support XMR, DASH, & ZEC with our Bitcoin based markets.

I think delisting these coins are not good if you look at the entire industry. Otherwise, I don't it will impact Bitcoin and if the Hodling continues then nothing can stop BTC.

It was only a matter of time before things like this started to happen, because if some politicians and bankers consider Bitcoin dangerous in the sense that it encourages criminal activity and makes it harder to combat it - then what can we expect from the same people to say about cryptocurrencies that have a much higher degree of anonymity? Fortunately for them, the vector of attack on such cryptocurrencies is very simple - first you put pressure on crypto exchanges to remove them, then you start making accusations against the owners and finally you legally declare them illegal in every sense. Of course, this does not mean the end in the sense that these coins will cease to exist, it will only be more difficult to trade with them, at least as far as centralized exchanges are concerned.

Bitcoin is on its way, I do not see any bad consequences of these moves on the further development of the situation in terms of continuing the positive trend.

But you're not!
It's easy to comment on the side but when you're caught in the middle and you're facing fines and even worse things all the toughness melts away and is its turn to hide away in its momma's basement. Big exchanges make a lot of money from trading, dropping a pair that barely makes it to top 10 volume while still keeping friendly with the authorities is the way of survival, when you already make millions it makes no sense to act like a hero, real heroes don't come back from battles.


Yeah, pushing them underground with no exchange, no cashflow, no real-life utility...what will the price be at that time?
Let's have a little imagination exercise and let's look at bitcoin with no exchanges, no ATMs, no Paypal, no Grayscale, no shops accepting it, just dark market usage. What tag price you pin on it?

We BTC is in extreme peak we should not worry about it, I agree most of the exchanges are delisting many coins especially XRP as become a scapegoat just because of US SEC news. Now holders are exiting from many alts and focusing in BTC that's how it is gradually increasing. I think this is an advantage for BTC as well as trust plays a important role.

Right now BTC has been a absolute gem and many and many are investing more money so need not to worry about dump just keep on watching the price of BTC it is all set to touch 30k.

Monero (XMR) reacted to the news with a drop to 0.0045 BTC.  The delisting of anonymous coins was carried out not only by the Bittrex cryptocurrency exchange. 

Also, trading in private coins was discontinued by the Australian branch of the cryptocurrency exchange Binance:

https://youtu.be/p9OInPf53ZU

In the short term, this news did not affect the price of bitcoins.  It is likely that as a result of this delisting, the capitalization of private coins will decrease, while the capitalization of bitcoins, on the contrary, will increase. 

We see the desire of regulators and institutional investors to turn Bitcoin into a new type of financial asset that will not look like a traditional crypto.

I wish I see this thread before. I have already bought ZEC a few hours ago.  ;D
I am a simple person, I see a big red, I buy.
same like other members, not sure about this delisting. Can anyone make a short summary about it?
so, is this how the government will make the crypto market crash this year by taking out privacy coins from the market?

I agree. Only centralized exchanges can delist those privacy coins and still privacy coin investors and users can freely interact with the ever growing community of privacy coins where they can trade or swap. This move will really affect the market flow of these privacy coins due to restrictions however this will add liquidity to Bitcoin since some hodlers might shift for safety though not all of them because some will still prefer privacy coins despite the current situation.

This is shocking news to me, because there is no explanation why suddenly several large exchanges such as Bittrex and Binance in Australia
delisted privacy coins. Maybe this is related to political issues or illegal activity, we know that some countries feel threatened by the existence of
privacy coins which are considered to be widely used for illegal activities.

So in the end Bittrex and Binance made this decision based on orders from the Australian government. Although all privacy coins are delisted
from Bittrex and Binance, I'm sure it won't have any effect on Bitcoin,  it might cause the Bitcoin price to go higher. Because there are several
privacy coins holders that transfer their funds to Bitcoin.

Bitcoin is a King and dominates the market. You can exclude those privacy coins and think of DeFi tokens. Bitcoin does not need any crash or collapse from DeFi tokens to dominate the market. Bitcoin investors invest in bitcoin because they have some sort of belief in bitcoin decentralization, its fixed deflationary total supply and future higher demands on bitcoin. They don't invest in bitcoin because they feel bad with altcoins (at least it is not their main reasons).

Capital from those coins can switch to bitcoin or to other altcoins.  ;)

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They will come back, I believe. It is almost similar story for bitcoin. How many times governments try to shut down bitcoin and mixing serivces but the price of bitcoin today is a strong evidence of governmental failures (with their fiats and their attempts to break down bitcoin).

If you think those privacy coins are good technically and governments force exchanges to delist those coins, it is unofficial announcements of success for those privacy coins.

Personally, I expected to see those negative things in early or middle of 2019.

CipherTrace Files Two Monero Cryptocurrency Tracing Patents (https://ciphertrace.com/ciphertrace-files-two-monero-cryptocurrency-tracing-patents/)
SEC Awards Over $1.6 Million to Whistleblower (https://www.sec.gov/news/press-release/2020-333)

I think if it would affect Bitcoin it would be in a good way for BTC,
Those who owns some crypto that would be delisted would surely convert their holdings into other crypto and the best choice for them could be BTC or other Top crypto.
I think BTC would get more pump because of the delisting of other crypto.

Can't put it any better than this. The current bull run can be almost solely attributed to the mainstream adoption of Bitcoin, especially by platforms such as PayPal and Square. If Bitcoin is pushed underground, then I believe that the exchange rates would be less than 1/10th of the current levels. And you are right about taking an aggressive stance against the authorities. BTC-e tried to do that, and it didn't ended well for them.

I don't think so.
The "current bull run" started about 2 years ago while these "mainstream" dudes started recently. Additionally platforms such as PayPal aren't buying bitcoin every day, they don't even let people deposit/withdraw bitcoin, they aren't even trading bitcoin there! They bought bitcoin a while ago and if they sell THAT to people it still isn't affecting the bigger market that the price is decided in.

So how can an IOU trading platform that is not even linked to the real world's bitcoin market can affect bitcoin price?

I don't think this will be the case. if Bittrex delist privacy coins then those privacy coins investors will more to another exchange. they just don't switch to Bitcoin like that. it is not the way to force people to switch to Bitcoin.
it's not good for bitcoin and crypto and it does not work like that. all those privacy coin lovers will simply leave bittrex and start with another exchange. it is not a big deal for them to delist from one exchange. there are hundreds of other exchanges to use.

This is what you want to believe, not what is happening!
You're biased from the start because you don't like PayPal you don't like their PPBTC but for the average Joe, it's a different story.

What the people who have not heard of BTC before and never bothered with the whole open account, exchange, send to the wallet, PP offers a simple way of owning something that would bring them money., they don't care about keys about fees about hacks, all they know is that if they would have bought 100$ worth of that now they have 200$. And people like that are millions, people who care about their keys about all that are thousands.

Like it or not PP has brought a lot of hype and thousands have bought coins with them, you can see tens of examples even here, in the bitcoincultist lair, do you imagine how the balances outside this, where people are not that biased?
There is a tiny difference between not liking it, as I don't do either, and denying it.

Every morning I look at the price of three cryptocurrencies - Bitcoin, Ethereum, and Monero.  And what do I see?  Bitcoin and Ethereum prices are rising.  Monero's price falls.  Currently 1 XMR = 0.004 BTC. 

For any cryptocurrency, liquidity is important.  The removal of Monero from cryptocurrency exchanges is an expected event.  However, this event negatively affected the price of this coin.  For Bitcoin, the delisting of Monero from the Bittrex cryptocurrency exchange is rather a positive event.  Monero is a potential competitor to Bitcoin. 

Private coins are going through difficult times right now.

It looks like the start of the year is not very good for some altcoins that are experiencing problems, like XRP and even some have bad issues. But for the delist on Bittrex itself, I don't think it has a big impact on the movement of bitcoin, because the rating of this Exchange is also quite medium, so it can't be said to have a big impact either.

I can't see any connection to it, pretty sure it can affect the XMR, DASH and ZEC but with regards to bitcoin then there is not connection that I see in order to affect the bitcoin price from the decision of Bittrex.

But if the investors of those currencies will try to sell their asset and convert to bitcoin then the affect of it to bitcoin is pretty good as bitcoin price will surely to continue to increase but with regards to bitcoin price to decrease because of this happening then I cannot see any good reason that I can connect to it.

I think so too that is not a major connection between delisting of privacy coins and BTC performance.
However, its pretty difficult to deal with privacy coins right now if you own some of them.
DASH f.e. is my biggest bet on cyryptomarkets, it seemed much undervalued compared to most other coins / tokens.
Now due to delisting (and the fear that more exchanges will act in a similar way), the situation has changed. But: Could it make sense selling DASH for 90$ or lower right now? It would hurt a lot; DASH was priced at that level even in 2017 when BTC was priced at approx. 1k$ (similar example to ZCash, just XMR performed better)

edit: my thoughts maybe fit better in an alt coin topic..

It's really an alarming news and I would say this might have been preplanned as regulators (SEC) will gradually start neutralizing altcoins before attempting to cause damage to Bitcoin like they tried in the past but failed miserably. But this will have positive effect on Bitcoin on a short run because Bitcoin might receive those investment when investors move their existing investment from the mentioned coins.

unfortunately agree with you that SEC could damage some alts before hurting btc. privacy coins would be or are a perfect victim for SEC..

mcap of xmr + dash + zec < 1% of mcap of btc, so don't guess any relation, too little volume 

Not that alarming if you don't hold them. I'm happy about XRP, this coin is a disgrace and people are buying it because it's in the top 10, not because it has any purpose or anything.
Bad news for those who hold these coins, good news for Bitcoiners. If we believe the theory that altcoin market takes away from bitcoin, value lost by these altcoins will flow back to coin market cap and be divided among other coins. Maybe it already is since Bitcoin has reached its new high after the news were published.

I am not so panicked about this news, because right now I don't HODL privacy coins and also rarely use privacy coins for transactions. And also
this news will not have any effect on the Bitcoin price, because from the start all altcoins that are affected by Bitcoin price movements are not
the opposite. Besides, I expected that sooner or later privacy coins would be delisted from several centralized exchanges, because the government
really doesn't like the existence of privacy coins that can be used for illegal activities.

If the privacy coins are delisted in many exchanges then the investors will cash out huge amounts and then divert those to bitcoin and it will help the price of bitcoin while the price of rest of the coins will go down drastically. After the SEC verdict the price of XRP went down drastically but the price recovered a bit but these situation will hurt the coins during a time when the entire market was supposed to rally.

It is interesting to see how the developers will deal with this situation and this year is interesting as we will see many twist and turns in the entire market.

I agree with everything you said! I hate these services and at the same time they have let a lot of people buy bitcoin (or what they call bitcoin!) BUT that still doesn't mean they are the reason for this bull run.

Take your PayPal example here, when an average Joe buys bitcoin from PayPal it won't affect the actual bitcoin price that is determined on bitcoin exchanges such as Coinbase, Bitstamp, Kraken or even Bitfinex. Why? Because PayPal is not linked to any of them. If all average Joes dump all their PP.BTC right now it won't affect the bitcoin price either for the same reasons. Now if the same amount were dumped on Coinbase for instance the price will be affected and will drop.

PayPal itself has bought a certain amount of bitcoin (unless they are lying) and is selling THAT to its users. So if there were any influence it had already happened when they made the purchase not every day. Whereas we are seeing the price rise every day.

Well it doesn't usually happens that way especially when the projects been delisted are target of the government board like SEC. With time all exchange will begin delisting the coins so in the long run money will start flowing form those projects into other projects and bitcoin is most likely going to be the beneficiary.

For the question in the OP, I think it has been answered already as there's no way thingy happening to altcoins will have an impact on the bitcoin market instead when altcoins are faced with bad news it strengthen the bitcoin market and increase its dominance on the market.

Bittrex started the trend and soon other exchanges will follow. It's quite sadden as the investors would be very devastated. After years of holding through the bear, they get this kind of treatment, quite sad.

Why would privacy coins have an impact over the Bitcoin price?
The only impact of this decision I can think of is the fact that many traders will move their investments out of XMR,DASH and ZEC and buy more BTC.Crypto traders might choose to buy some altcoins instead of BTC,but Bitcoin is THE KING of crypto and always will be.
De-listing privacy coins from crypto exchanges was something that we pretty much expected.
I guess that Monero,DASH and ZEC will become "fully darknet" privacy coins now(mostly Monero).

This is where you're mistaken, fortunately.
Paypal is not buying anything directly, all the purchases and sales are directly passed to Paxos and they are settling the accounts.
Seriously do you think Paypal would have bought 1000 bitcoins at 10000 and they are selling those now to people at 30k? What if the opposite happened?

No, they are settling every order in real-time, and yeah, they are influencing the market, as I always say on this forum, like it or not, nothing you can do, and even worse is coming, I have a feeling all the exchanges we'll be done in a few years in virtualBTC just like gold, PPBTC is just the begging.


Hihi, there, you've found the answer yourself!

EU AMLD5

US AMLA (act)

UK FCA


  http://fcpacompliancereport.com/2021/01/major-changes-aml-compliance-enforcement-part-1-introduction/

 https://www.nytimes.com/2021/01/01/arts/design/antiquities-market-regulation.html

got activated NOW

I thought that after the news that came about the FinCEN announcements regarding more and more crypto regulations and the actions taken by the exchanges to follow those regulation there will be a bit of negative influence over the price of bitcoin and FUD because nobody wants to have crypto regulated and under government's control.

In my opinion, it will not affect the price of bitcoin because so far what can affect the price of bitcoin is bad news about bitcoin or a decrease in investor confidence in bitcoin.  I think there are still many altcoins that have a good effect on the price of bitcoin.

I think only if other exchanges will follow in the delisting of these coins would it affect them in anyway.
As we can see with ripple after their lawsuits with the SEC you can see the fallout from that with the value of the XRP token being cut in half during a bull run. ::)

I remember many moons ago Dash was in talks with merging their coin with bcash. As you can see that didn't happen but when tokens start talking about merging with another token then it does not end very well.

adding or merging with dark features  - they might not care but delist

There is no negative influence on the price because unlike others bitcoin was not targeted directly and from the looks of how things are going, it will escape most of the measures that both xmr and xrp are facing. As for the mandatory enforcement of KYC, like the 10k transfer rules (https://www.coindesk.com/fincen-proposes-kyc-rules-for-crypto-wallets) are not actually hitting the new wave of investors if we want to call them that.
Institutional investors and funds already do that, most normal users that just came to the market don't throw around sums of money that big, and a lot of them are not even thinking of withdrawing coins, they bought coins on the exchanges like they buy shares they have no other plan than leaving them there and selling when they make a profit, technically they will never see a satoshi. As for the previous wave of bitcoiners, they already have a  high stake in the game and they already know how to avoid this, so no panic from them either.

So probably with all regulations that will take most of the privacy away and make it a near-impossible task to avoid taxes, this ain't going to stop the bull run.

Maybe privacy coins delisting is among the number of facts why Bitcoin goes to the Moon, but I'm not sure about direct correlation.

Ideally privacy coins should not be traded in regulated exchanges. Coins such as Monero and Zcash were invented in order to provide the maximum level of anonymity for the users. When that is the case, the fact that the majority of their trade volume comes from regulated exchanges is quite surprising. Ideally, these coins should be traded in P2P or DEX sites, which offer more privacy protection.

but how can we be so sure that they are selling their alts for btc , what if they only sell their alts because of this exact reason which is the delisting of these alts on certain exchange and if they want btc they wont have a reason buying those altcoins at the start and theres more alts left that they can choose from after they sell or after this alt delisting event .

  but idk , their minds can also change and they can also consider bitcoin especially during these times when they saw how btc improve alot in terms of profitability .

IMO, it could impact Bitcoin in a positive way, imagine, delisting XRP which have a huge market cap, and what might happen is that, most of the hodlers of XRP will probably sell their XRP to Bitcoin and the market cap of Bitcoin will increase further. There's still a possibility that some holders will cashout their funds. On the other hand, I have read a news concerning XRP, it states that XRP will burn a portion of its supply and I think that will be good as lowering the supply will increase its demand and price. If people know this, they might go back and buy XRP again. Just a usual pump and dump that we can experience in XRP.

The best thing about taxes is that we have the ability to move to another country and there's plenty tax havens to choose from.
It's possible to avoid them just not the way people thought it would be.

We'll see if money from altcoins will move to bitcoin but looking at the price of XRP vs Bitcoin right now it looks like this is happening. I'm almost sure that if all centralized altcoins were to die right now we'd have a huge pump on BTC.

The crypto market will not have only bitcoin and altcoins will be on the market for so long. Altcoins are created as forks from bitcoin then fork from grandfather altcoins. They are created to catch investment capital (in fiat or in BTC) and to steal capital of investors. You can consider them as tools to help whales steal fiat or bitcoin from most to a few.

But they, altcoins, will survive and exist on the market. I don't doubt about their future. They are struggling to break out and begin their alt season.
https://www.blockchaincenter.net/altcoin-season-index/

It appears the regulators are pushing anonymous coins to grey market exchanges without KYC and decentralized exchanges hehe. This will be their mistake hehe. This will cause the grey markets to grow as the demand for anonymous coins grow. Regulators should want them in compliant exchanges where they can monitor them.

Yeah. You are right. They made mistakes like what the Chinese governement made and forced their companies to find many different ways to decentralized their operations and switch their operations far beyond of China mainland.

People always find out a way to make their lives better. I believe very strongly that anonymous or privacy coins won't die easy as that. It is an ignorance on the fact that they are true anonymous or privacy coins, I assume they are indeed. Governments are more stupid than their citizens and they only have power in hands to ban, restrict what they can not control on.

I don't think this will affect Bitcoin and major Alts at all.
Bittrex is delisting privacy coins due to tightened regulations and my guess is that most of the big exchanges will follow this move soon. This will affect only the price of the privacy coins thou.

After published this news the all coins price has dump and it is not good for all coins. When i see this news on Social media,  then i can't believe this news. This is really very bad news for XMR, DASH, ZEC  coins.   

If you are the owner of a business, I am sure you will do everything in your power to not have a conflict with SEC or any authority,  unless you are used to running an illegal business out there.  So I think it is expected for Bittrex to delis this kind of coins.

As for the effect on Bitcoin, I do not think that it will encourage Bitcoin market dump, instead, it can produce a demand for Bitcoin due to the traders converting these coins to Bitcoin.  Definitely, the price of these coins will suffer but I don't think it will have a negative effect on Bitcoin.

I do not see any reason for this delisting to affect bitcoin. There is just no need to assume such things.

IMO, no we're just weeding out a few bad eggs

Whom you do consider as few bad eggs? Those exchanges or to those Privacy coins that had been delisted? I dont see for this issue or situation
could really affect bitcoins price or the entire market because even though its delisted into some exchanges doesnt mean that we would completely stop
on engaging on those coins totally.We cant deny when it comes to anonymity then nothing beats out XMR,DASH and ZEC towards this and
you would normally seen these events for those platforms who had been mandated or on where government intervention do happens.

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

There is enough privacy

What you might seek is crimimal? anonymity? Thats never ever happen sustainable

I totally agree 👍👍 This projects arent shitcoins like the other cryptocurrencies that is currently existing in the market.. Anyways, I dont think this will affect btc tho just like what happened to XRP it will only the prject itself

Anonymity don't mean criminal...

I am not surprised that this is happening  :-\

For good average Joes privacy is all needed, also to ensure proper accountability and ownership.

We talk finance or what are you in?

Not sure who really asks for crappy ano not having some skewed agenda... Proof me wrong

Once bittrex was a good exchange but these days i have heard that their support is not good at all. Anyways, delisting of privacy coins or any other altcoin from the exchange will only effect that particular coin and it will have no impact on bitcoin and overall crypto currencies.

I've tried to find their comments about the delisting and haven't found it, they don't even explain why they do it. Ultimately, all exchanges will refuse (

not sure what you mean by skewed agenda,
satoshi and the original developers choose to remain anonymous and I don't see something skewed there,
 anonymity can be something good also in some ways is what I am trying to say
 

 

there will be no impact on the BTC price from this event.

Maybe you should use search engine if you don't get answer in this thread, I think the reason why exchanges delisting other coins is either the trade volume in each coin is getting lower and lower each day, so normally if the coin is not yet active or having few traders it is normal that exchanges delisting it, also add the fact that some coins now are being sued or having allegations by SEC, we should know that when this thing came up it really affects the position and image of the coin.

I was looking for a comment from the exchange, I understand that because of the SEC I read an article about it. But I was curious to know what the Bittrex exchange thinks.

https://www.sygna.io/blog/what-is-amld5-anti-money-laundering-directive-five-a-guide/

US AML ACT

https://www.dlapiper.com/en/us/insights/publications/2021/01/new-aml-act-is-a-game-changer/

IRS asking for trace taxes

...

It looks like the exchange is afraid of the strict rules regarding coin privacy that might occur...
luckily Bitcoin is different from other privacy coins, many already like Bitcoin and make it an investment, different from other privacy coins that are mostly used for transactions, so I'm sure there will be no effect on the price of Bitcoin.

I wonder what will be the explanation of delisting these altcoins, however, I personally think that nothing going to occur with the bitcoin's market. There's numerous altcoin accessible on the internet and individuals supplant them with bitcoins likewise bitcoins and altcoins bitcoin hand-off on the diverse class so we can not contrast them and one another. It won't influence bitcoins and I believe the cost will pump more than previous years.

I believe it won't affect Bitcoin because if those delisting happened on Bittrex but has not been remove on other exchange websites, then people can still trade it though this value decrease can also help them garner more investors. As of the moment, there are so many factors that might affect Bitcoin's value but I do not think that removing some Alternate Coins listed on exchange websites might be one of them because not all users are knowledgeable about the coins that got delisted.