Bitcoin Forum

Just got an email from Binance, as the biggest exchange site

https://i.ibb.co/mb5pGXp/IMG-20210204-202853.jpg (https://ibb.co/WGvC6PC)

What is your thought? Does anyone of you still hold these coins? Will these coins survived after it got delisted? Tell me your speculation!

I don't hold those coin, hopefully.

Just checked their graph all of them only hyped on 2017-2018 (altcoin season) then suddenly all of those coin loss their value each day. I wouldn't be shocked if those coin will become deadcoin soon, since they're not like XRP (who has large holders) that still can survived from SEC lawsuit.

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[BCPT] https://coinmarketcap.com/currencies/blockmason/
[CMT] https://coinmarketcap.com/currencies/cybermiles/
[TNB] https://coinmarketcap.com/currencies/time-new-bank/
[VIBE] https://coinmarketcap.com/currencies/vibe/

Wow so blockmason is also on the list? Even Vibe? Wow these projects are well know years ago and I joined vibe airdrop, binance exchange must have decide to delist them because of lack of volume and adoption rate, it meant the projects are abandoned by the teams already, this is one reason why I don't like holding coins for long term.

Thanks! I'm usually ignoring this kind of mails.

I hold VIBE from an old bounty campaign and now I'm going to sell it as Hitbtc is not a good marketplace to trade VIBE. The volume there is close to zero.

More coins should be delisted. I believe that the majority of them don't have any use case and some of them are only used for pump & dump schemes by Telegram and Discord groups. I wouldn't like to be a holder.

vibe removed from the list is reasonable, because the vibe in binance does not have a significant volume increase. We all know that Binance is a large exchange that prioritizes large trading volumes. so it's worth the vibe

Holding for long term doesn't work unless what you have is way valuable and trade in millions. What is going on with the team on these projects?
They are dying, they work hard and pay to be listed on binance and now they are going to be delisted. If the team just allows this to happen then, this could end up hopeless for this token. Even if its still listed to one exchange, it will eventually die. Just dump what you have at least.

I don't have those coins and I don't usually check my emails from exchanges even if they are important notices like this. Thank you.

That's mostly the reason when Binance is delisting a token, they have no liquidity anymore and it doesn't have any sense for Binance to keep them anymore. No liquidity, no profit on their side. They can now decide like that unlike before as a starting exchange, they are wanting to list almost everything.

unfortunately i don't have all the coins above mate,,
and usually binance will remove a coins with low volume, maybe thus coins above has low volume in binance
but that not a big problem, if the coins still tradeable on other exchange
regards

They are cleaning their exchange, this project probably does not attract investors and traders already, so this opens for new projects to get listed and other existing coins to gain volume from traders of such coins delisted.

CyberMiles (https://coinmarketcap.com/currencies/cybermiles/markets/) 24 hours volume - $2,014,615, biggest volume Binance
 Blockmason Credit Protocol (https://coinmarketcap.com/currencies/blockmason/) /24 hours volume - $1,004,635, biggest volume Binance
  Time New Bank (https://coinmarketcap.com/currencies/time-new-bank/)/24 hours volume $1,418,898 -  biggest volume Binance
 VIBE (https://coinmarketcap.com/currencies/vibe/)/24 hours trading volume, $838,168 - biggest volume Binance.

 
As we can see, their biggest trading volume are coming from Binance, so this project will surely struggle after it get delisted in Binance.
 

4 those coin are shitcoin indeed. All other exchange must be do same like binance did to maintain the good coin only listed on their site.

It's a big problem, you can see how deep the dump happened after they announced it

English only on this thread

Just normal for any platform to free up some space via delisting those coins that aren't really making any volume at all.Some platforms doesn't really delist and

do reach out number of coins on unlimited manner but for most platforms specially on top tier ones does have this kind of behavior where freeing up space for the new ones.

This will continue and the question on how those delisted coins end up? Its still not the end because if this one is still traded on other platforms then
its still breathing.

Listing on Binance isn't really the ultimate but what matters is the project team in question continuing their development to maintain the value of their project such that, it will have good trading volume else it will be delisted. Those coins delisted from Binance exchange are coins whose developers have no further idea on how to move the platform forward, such that investors will see reasons to use it. Also, it is surprising seeing coins like Cybermiles, I tend to remember few things about them and how the team made promises but it is funny how everything turns out to fail and today, they are getting delisted, who knows what other exchanges will do about them. In the same way, matters like this is why holding most altcoins for long term is not really a good idea as their value will decrease with time.  

maybe the right decision is by following what binance did,
wich mean if binance delisted any coins, thats mean the coins is not good to invest for now,

Long term investment is a great deal if you are investing into known big name things that are in top 10 or top 20, if you are investing into things that have such a low volume that they get delisted, you never understood the idea of long term investing, because risky stuff can't be long term investment.

If you see 300% return yearly on a thing, you should probably stay away from it but let's say you want to get in, you stat there for few days and get out, if you insist on staying a year you will realize why it is a scam. That is just an example, I am not saying these are scams, I am just saying that it is obvious that people should not invest long term on risky assets, only invest long term to coins like bitcoin, ethereum, ada, bnb so forth in top 20 so that you could wait and not be worried that it will get delisted. Otherwise you are taking useless risk.

what Binance did was the right decision, so it reflects the strict rules under which crypto that go to Binance are properly chosen. so it's no wonder Binance immediately gave us that information via Email. and I'm happy that I don't have any of the crypto to be deleted.

Yes, they have strict rules for delist a coin. There are around 7 or 8 rules for them to review a coin before they decided to delist it or not. I believe it was a hard decision for them to delist these 4 coins from binance because i never seen a delisted coin will be back listed on binance, but with over 100 coins listed on binance, they should keep the good coins for people to trade or hold.

Binance is one of the best markets out there, and looking at some of those coins on CMC, the prices have started to dump 8 to 10%. Well, even though I didn't hold any of these coins, it's best to hold the coin immediately to see the developments made by the developer if you still want to hold the coin. I am afraid that there will be a bigger decline.

I think this is the right decision from Binance. considering that the coins have experienced a significant decrease in price. About 4 coins, can it still be saved? so as not to be removed from the binance market.

Lucky that i have sold my holding on Vibe , i have in Held that coins for about 6 months but have not bring me any profit so i dispose right away.
now i feel relieve seeing that Even binance will delist this Shitcoin because coins like those does not belong to be supported by great exchange like binance , they are one of the reason why Exchange becomes untrusted .
while the whoe crypto is increasing , these sets are decreasing meaning no support from the community and even from their team.

In my opinion, it is worth the 4 coins that Binance mentioned will be delisted, because the performance is so bad. I am sure that once  these 4 coins
are officially delisted by Binance it will become dead coins, when they was listing on Binance, the demand for these 4 coins was very low. Moreover,
having left Binance has very little chance of surviving. I am very happy that none of these 4 coins have ever bought them.

I was worried that when i was going to open this up to find Binance exchange desisting 4 coins that I hodl.

But I have never heard of these 4 coins.  They are not listed on coinmarketcap so I am not even caring about this decision.

These shitcoins got pumped up before delisting! Too bad for the people who bought these coins, hoping for further growth... It will be a good lesson that you should not grab everything that grows! ;)

^ Pump and dump coins are usually prone to delisted on exchange and binance won't tolerate such fraudulent activity.
When I was reading the title of this thread, I thought XRP belongs to those coins that delisted by binance, I heard rumors that it will delist on binance.
We should be careful of what we invest in, it should be the project that has a reputation or already tested. I don't know those coins mentioned by OP and for sure that is also a shitcoin.

Are you serious?

Please read the whole post instead of the topic starter only, below OP post I already list those coin and it has been listed on coinmarketcap even though the rank is >800.

The alternative but true headline should be: these 4 coins paid us a listing fee to be listed (but we officially do not charge such a thing) and now they finally stopped paying us plus nobody trades them so we earn very little or no commission from them, so we have moved on. As soon as they pay us again we will list them;)

What you said, these are basic lessons we have to experience because every pumping coin will not stay long in the market, that's why we should always focus on the most active development coin and their trading volumes we should consider, we should understand based on the experiences we faced.

Don't understand what you mean by saved, but as long as there is market for 4 these coins, you still can hold these coins

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If you received the email too, you will noticed there are lit of other thing they decided to delist a coin

Blockmason Credit Protocol is dead.  :(

As we can see in CMC, it's trading volume now is only $1,040, a 99.78% dropped in volume, so basically its volume is only relying on Binance. I hope other projects will realize the risk of getting delisted and they will find a way to get their project listed in different exchange with good volume.


https://coinmarketcap.com/currencies/blockmason/markets/
https://i.imgur.com/COO2zQz.png

what I mean is not saving sir, but can the coins still be saved from delesting in binance !?
Wouldn't it be dangerous (from loss) if I kept the coins? considering the price dropped considerably. thank you

The fact that they already have announce the delisting, it cannot be saved anymore as Binance is a business, they would make an announcement and that is usually final, they would not change their mind like an individual.


Dangerous or risky? I guess you know the answer, the moment the volume is loss, teams effort will also decrease if it haven't decrease yet.

Well we cannot blame Binance for delisting them because of the dumping of its price and lack of good developments from each project,  Binance is always committed to high qualities project

It's good that i am not familiar with those coins and have no plan of investing and also Hoping that all of the Holders may consider withdrawing their funds before the date ends.
Just like what i did in My XRP last month as Binance is going to lock the trading and will only allow withdrawals.

The significant decrease in the price of the coins which Binance said they will be delisted seem not to be the reason for Binance delisting and the last time I check the coins are still active and exchange don't delist only coins that are dump in price cause they also delist coin that breaks their rules and regulations either. However, the delisting will influence the price of the coin and if the project is wise they should do the same thing XRP does to somehow control the price of XRP.

maybe what you are saying is that it can be true and if you look at the four coins there are not many exchangers still joining it.
But if you look at their market cap is not that great, is this also what makes Binance determine that.

of course, there are separate criteria for Binance for each coin that want and still join, must at least trade well. because it is already supported by a good exchanger like Binance, of course, have to contribute to them and their users.