Bitcoin Forum

BITTREX and elitecoindev should be responsible for this ELITECOIN

they could't hide again.

Not owning up to the problem is PART of the problem.

And not everyone can read code, so its not plain to see as you put it.

if bittrex don't do anything,we won't trade on this market anymore!!!!!

they are killing the world!

they can do anything just for money

it's a joke

bitcointalk is full of shit too. they let anyone post a new coin announcement.

then people have the nerve to say do your due diligence. like what?

unknown devs releasing bullshit coins on an greedy exchange.

never again! no more new coins ever for me.

Get your pitchforks. Let's do this!

I am also boycotting Shittrex

you lost money ?

people who are angry usually are the one who loss money

yea, 50 bucks.  No biggie, nah lot's of shit going on now. Don't wana be a part of it anymore and there is also something fishy about bittrex now.

Bittrex is negligent, not criminal.

Hope it has the balls to admit it made a mistake, otherwise it will look like a complete tw@t.

CNL 4 EVA!!!

Noobs buying all the shitcoins while quality coins like VOOT go up right before their eyes. You know you can buy and hold a week or two and just sit back and do nothing in VOOT.

I don't blame the casino when I have a few drinks, play some Blackjack and lose a few hundred bucks on a Saturday night.

+1

+1 never buy a coin first 24-48hrs.

HAHA another thread. .

*gets into cryptos because it's trustless and free of regulators -> cries and wants exchanges prosecuted when he loses*

Waaaaaa

Dude, well-put.

Guys and girls, you do realize none of this altcoin/exchange business is an investment, it's a gamble. In fact, you can actually increase your odds with this gamble if you read a lot, and use your brain. So you guys should probably be appreciative of these daily altcoin/exchange opportunities instead of trying to rally up a mob.

This sub-forum should be renamed "scam central".

or "It's anyone's fault but my own"

or  "bittrex made me buy the coin"

How many BTC trading volume did bittrex have before it closed the market?

Any ideas of how many BTC the dev ran off with?

if they managed to dump the whole 20000 secret coins, probably around 60BTC lol, not bad for a days work

+1

Bittrex is crying saying if they looked over all the codes before adding coins nothing would get listed.  I call bullshit.  That's a cop out.   Stop being so fucking greedy and hire some people you fucks.

BTW I lost nothing on elite.  But I lost a lot of money today.  And so did everyone else.  When people lose confidence in exchanges they don't put up buy orders.  In turn miners can't sell coins.  We all lose.  Bittrex you need to get your shit together now or your going out of business.  There are a few good exchanges that this does happen to because they do their homework and so should you.

The very reason I started using trex was for their quick coin ads and high volume. Not once have I ever blamed anyone but myself for playing "hot and loose" on a coin. Projection at its finest

LOL. Market resumed.

Market is back people are trading. How may ELITECOINs exist at this point?

i really think greedy people should think about these shit exchanges carefully. why they can add coins and remove coins freely. It used to be hard for a coin to get on an exchange, now new scam coins are all added too quickly, it's time for us to avoid these shit exchanges.

I always wonder why there are so many people support these shit exchanges

because greedy lol

^says the guy with iceberg in his sig . .

Bittrex can be blamed for it. (As a sidenote, I made some bucks on ELITE, but it could had been much more without this mess)

Bittrex don't check code for anything else but viruses. They blame pools, miners and in the end their own customers for buying coins at their exchange.
I got this from #Bittrex on freenode.

This is ridiculous, because people mine coins at pools hoping it will get listed at Bittrex.

Bittrex is losing credibility from shitcoin to shitcoin and become what they were months ago, an exchange that gives a fuck and lists everything. Oh wait....

Bittrex has kind of turned into an evil joke, there's no denying that.They are making a mockery of the entire industry by constantly supporting obvious scam after scam.

They are now purely greed-driven and eventually they will have some sort of internal moral collapse that will result in customers losing a lot of money ala MtGox. Who knows, if they play their cards right maybe they could make it on an episode of American Greed some day.

I want my btc back, any idea how to get it back?

They wouldn't add coins like this if people didn't want to buy them. You should be upset with greedy traders who constantly support obvious scam after scam, not an exchange. It's not the exchange's job to protect you.

What i don't like is that there are some many ICO, but it already looks like the hype has finished already. After Icebergcoin, we had ARCH that was pretty bad, then VENT that was also pretty bad, then we still have a few other ICO, and there seems to be no interest in any of those ICO. I like those small IPO ones, just a few % in IPO, with a little premine as this will put DEV to work for his coin, when you have a 100% ICO, or a coin without premine then DEV doesn't care anymore, or like in Icebergcoin situation they come up with a story that somebody died in the family, and a few days ago they said there was a team of 15 people....

Alright,then go to Mintfail!

10 more of these coins and bittrex is close to mintfail and we all go to craptsy

It's not an ICO, so I think it's impossible to get your btc back.

Never go to crypty. Slow like a 1,000 year-old woman .Never ever.

I dont think getting anything back. But bittrex add a coin with hidden premine its there job to add legit coins.

I have about 18 hours of free time a day and going to invest 9 of those hours talking bad about bittrex. They have to suffer from this stupidity I hope more people joining because this really has to stop.

LOL. Premine? After few days? If Bittrex require Block Explorer, why they didn't watch source code and BE?

https://mega.co.nz/#!qZk30bZL!jP_4y24_2kbkB6mGtvdfN6j6JBKS-ab66k0R-DGhXes


here is the source

He ran away already.

Also, does anybody has a list of premined scams? I mean honorcoin etc?

Bittrex should refund this one! adding a hidden premine is HUGE mistake, and is really bad for business

The developer is long gone man his intentions are evil from start! It has been like this,    " we are working on it" or  "next week"  no real work has been done

Bittrex is allowing trading to continue, so yu can still sell your coins  .... at a loss

I think nobody gonna refund.

You can call me paranoid, but IMHO there is a group of scammers who are making again and again shit coins and exchanges covers them.
They already saw how this "community" can be scammed without any trouble.
Do you gonna call your loyal of FBI? No. So we have well prepared goup of scammers and drove of sheeps who gonna do nothing if they will be scammed.

I already saw how stupid "community" losses money with IPO scams. Also they accept big premine, call others FUDDERS and then wondering why dev left them lol (HonorCoin).

And more and more...

Look at Darkcash, so called no premine, but they released the coin 10 mins after they post it, so nobody was ready, only their own pool, so indeed no premine, but in fact there was a huge amount of blocks mined by the owner himself, and it is a 2 days POW :D, i didn't check how many blocks were instamine but we all know that the first blocks goes like crazy. I even don't care how much it was instamine.

Anyway, small IPOs i still love a lot, i took a lot of money on ROM/GRK/OTC the ancient coins, then NOAH coin, V8 was a failure, ICB was ok, took some money in the beginning but bought back in and dev went away, anyway, investing in premine coins is maybe better then in not premine coins as when you check Darkcash. Investiging in small IPOs is not bad too. I'm now looking at B2B coin and Ethancoin. Vent looks like shit, and XCLOUD can be interesting too.

I think, time has come to have some regulation on launching a new coin to safeguard the interest of miners and investors.The moderators of altcoin forum or a few reputed members should take the initiative to chalk out some guidelines, get it approved by the community at large and enact it.Otherwise,grave danger of trust deficit in newcoin will keep serious investors away from altcoins and harm the whole  ecosystem  in the long run.

Guys, this is crypto. Its the wild west. You all here to make big profits you gotta keep in mind that there are huge risks. I also lost a lot of money due to the digital commerce scam, but i realised i was just not cautious enough. Do your research and do not invest in ipos/early stage coins that have not proven anything.

I fully understand that. But shouldnt bittrex look over the code and make sure there isnt any hidden premine before adding a new coin?
Getting scammed is one thing but exchange not looking over the code is huge. I would say all withdrawal funds at bittrex.

Atleast cryptsy is trusted.

NYSE low volume markets is filled with junk. It up to the investors whether they reward these scamcompanies. Unfortunately greed is what thrives this market. Its what thrives our society lol. Thats why people like bitcoin, they hope it can bring change. However, by the looks of it... Cryptocoins have become an even more extreme version of a greedy investors dominated market... Everyone wants to be the new wolf of wallstreet ;) good luck finding happiness in this world :)

Getting burned like this so many times, almost want you to set up a scam team and do it better yes!
Because these scams are not making max profit!

No.
Exchanges provide a medium for trading coins, nothing more.
It's up to you to decide what a coin is worth, if anything at all.

Unknown devs = Bittrex so yes, just jump on any new coin that pops up on exchanges (Bittrex is not the only one doing it) almost instantly after mining starts, you'll be up for
more nasty outcomes. If you think exchanges are not doing it well you're very green. It is time to change your color else you will certainly end up "skinned alive" around here.

im tired of this dumbass analogy about crypto bein the wild west.

this aint 1860 and we are civilized modern people.

this isnt a frontier land. we r talking about a website and a community that needs to set minimum standard guidelines.

the reason that its not happening is because the scammers and exchange want it this way.

its up to us to peacefully protest until changes happen.

what are the total coins now with hidden coins

Why they dont bother to do any checks :( I've lost 0.27 btc on this and i think i'm done with crypto. It's a minefield. Bittrex should not add coins with out checking for pre-mine etc it's bang out of order. We lose while they made money from fees :(

It's not going to stay the wild west, no matter how much some people want it to.

Change will come, and the scammers and fly by night devs will be driven to 5th rate exchanges, where they belong.

this is what is happening all the time.

new people are getting burned and quitting trading. volume will continue to drop.

all because of these stupid scamcoins.

if everyone keeps telling us to read the code someone should teach us how.

how the fuck do i know how to spot a hidden premine?

+1

You need to learn from mistakes or you will always do same mistakes. Here it's about hidden premine, I want to know where I need next time to check for avoid scam like this.

Someone spotted where is the scam in code ?

What i suggest is an escrow fund that we can pay BTC to and award whoever has the knowledge and means to produce the real name and address of the people behind obvious scams (that can also produce the evidence) and publish them on this forum or on a dedicated twitter feed.

https://bitcointalk.org/index.php?topic=711535.new#new

Elitecoin dev is definitely responsible for whatever has happened but Bittrex cannot be help responsible. I would however suggest Bittrex to have a dedicated team for checking the code for every coin they think of adding. This would help in building a better reputation for the exchange and benefit both the exchange and the community.

they wont do it richie dont care. Bittrex is a short term exchange it laks vision

Actually if the exchange wants repeat customers then it is their job to protect you. I am not upset with the greedy traders so much as I am their enablers, aka Bittrex. They're an absolute joke and I don't know why more people don't call them out on their evil b.s.

do you remember asiacoin, white coin, it reached all three major exchanges before it was a scam

And what happend since? Nothing!

There are so much scam coins lately, but still you can make money out of coins, and still i will join some IPO coins, not those 100% ICO type of coins, but those small IPO coins, with some premines, as when they are saying that there are no premines, then they instamine it anyway, like what they did with DarkCash, announce it 20 mins before launch, put their mining pool ready and start mining, before the other pools were ready there was already a lot of coins mined.

Currently i'm looking at Ethancoin as i like the structure and the IPO stuff.

Ok np. we talk here about a hidden premine. The last thing bittrex wants is a hidden premine you know why? its bad for business! yet they not double check the code! And dont compensate the community! Telling its not there problem, but believe me richie dont like this!

Its bad for business! Bittrex is on his way back

altcoin trading volume is way down today.

too many scams. the public trust has been destroyed.

we all have to quit supporting scamcoins.

Its not interesting what happens in a day. I hope monthly % goes down by atleast 10%. I will invest alot of time to achieve that. I'm very dedicated in what I do.

This is very bad for business and bittrex knows it.

have you ever talked to the three guys who represent bittrex?

they all talk like complete dickheads.

they dont give a shit about the altcoin community. they want 'volume' no matter what the cost.

they are clearly in debt/in over their heads/ or just short-term players.

i would not be surprised to see them pull the old 'hack' bullshit and leave with a big bag of btc.

obviously their policies serve their interests only.

same story for ARCOIN, this scam still active, 30% coin instamined by dev without wallet, and now are they promoting arcoin going to wall street lol, fake news only for pump price and dump the coin, also deleted tons of post from people for hide this scam...stay away
more info: https://bitcointalk.org/index.php?topic=697009.0 page 3

I have so much free time!

It's bad. Bittrex should delist Elite and refund all users. Instead they chose to keep the markets open and say its not our fold?

This way of doing business is really bad, no serious investor will step in such an exchange, he will look further

You're angry with Bittrex? Bittrex makes a pittance compared to the scammers actively pulling this shit time and time again and you all support these coins, get caught up in the emotions and are always saying "why doesn't bittrex add XXX?" Or "I'm waiting to trade on bittrex".
The guys from Bittrex are damned professional compared to say Cryptsy. Their security and scalability is top notch. It's just tall poppy syndrome - they have at least given their names, unlike these anonymous scammers who win time and time again.
Yes, their policies serve their interests only, it's a damned business! This isn't investing, it's insider gambling.
So if you lose at the casino and decide you want your money back, you know it ain't happening. Don't waste your energy. But getting grifted by scammer devs with no plans outside the casino... That's different. You have a right to be angry with the scammers and there's only one way you'll stop this...
STOP SUPPORTING THE 48 HR DEVS!

Unless you're the scammer or a pump and dump trader you are not getting rich overnight. None of these coins are going to provide what BTC did in 4solid years of work.

CryptoRush screwed up and everyone got blackcoins in excess. The customer won and CR was out hundreds of thousands of dollars and no one returned the blackcoin.

There's no damned Crypto-Currency community bc it's every man for himself (which is sad).

I place the blame here at BCT and on the scammers. Bittrex gives the customer what they want.

Take responsibility and realise you're not getting rich overnight.

Firstly, you're not investing, you're gambling.
Secondly, the proof of shady devs was there from the start. You want bittrex to halt the markets but then others are bitching the markets are halted and they're stuck with worthless coins.