Bitcoin Forum

Alternate cryptocurrencies => Service Discussion (Altcoins) => Topic started by: runpaint on December 19, 2014, 01:52:13 AM



Title: Poloniex Delists 17 Coins Today
Post by: runpaint on December 19, 2014, 01:52:13 AM
My apologies for venting, but I hope there's some useful discussion somewhere in here.

Some exchanges let you know if a coin is being considered for delisting, so you have a chance to do something about it. 
But Poloniex just announced 17 coins that are being delisted today, no discussion allowed.

AEON, AUR, BLU, CRYPT, DNS, DRKC, EBT, KEY, LOL, MON, NAS, NTX, PMC, SHOPX, SILK, UTIL, and VOOT. 

"Please withdraw your coins by Dec 31st."

Thanks!  Luckily I wasn't on Christmas vacation for the next 2 weeks,
or I would've come home to find the coins I bought yesterday inaccessible.   

If I broke the rules, and they decided to cancel my account, what would they say?
"You are no longer allowed to buy or sell coins here, you have 2 weeks to withdraw all your coins" ?
Pretty harsh punishment to announce to all their users at the same time.
At least it's not ALL the coins, just 15% of the coins they currently offer.     

Since I was hodling all 17 of the delisted coins, and some of them are not traded on any other exchanges,
I have decided to rethink my altcoin strategy.  When I bought little bits of a hundred different coins,
I wasn't planning on downloading and backing up a hundred different wallets.

My basic line of thought was:
 "Everybody wishes they had bought 10,000BTC for a penny apiece.
 But what good would it have done them?  They didn't know cryptocurrency could trade for hundreds of dollars.
 Instead of waiting for $10,000,000, they would have bought 2 pizzas like everybody else.
 Since that opportunity is gone, we can learn from it and buy a few dollars worth of lots of different coins,
 and allow each coin the same 3 or 4 years it took BTC to become valuable.
 If this hundred million dashcoins is worthless forever, then I'm out $10,
 which is acceptable risk for a chance at thousands.  Or, if you just have to sell your $50 of dogecoins,
 would it really hurt you to save that last 50 cents worth in case it ever gets a lot bigger?"

But everybody else seems to think the only plan is to buy $100 worth, sell it for $150, and pronounce themselves market gurus.
The standard behavior is to treat all altcoins like a scam - not to be avoided, but to be exploited.

Now, I admit that I don't think LOL, EBT, DRKC, or NTX are likely to have big futures as worldwide currencies.
But who knows?  LOL could be a recognizable brand just as easily as DOGE. 
Anyway I'm willing to give each one .005btc for a chance, and all it takes is more people like me doing the same to make it happen.
Unless the exchanges have too much power over which coins survive and which coins don't.

Unfortunately, all it takes is Poloniex to override all the opinions of everyone who participated.
While some of those coins might be nothing special, what about KEY?  I think it has more potential than plenty of other coins I could name.
But since none of these coins can get very far off the ground without exchanges, and since there aren't many exchanges,
the exchanges have become a bottleneck for decentralization.  We need more P2P exchange solutions.

I still think Poloniex is the best exchange, but what good is that? 
Even the best exchange shows with their actions that they see these coins as worthless and only good for 6 months.
How much was Bitcoin worth when it was 6 months old?
"Well, we gave it a good 6 months, now we need to make room for other coins that are also trash to be discarded after 6 months."
If that's all these coins are, why would you ever buy any of them?
If these coins are so worthless that they won't consider keeping them listed, why did they sell the same worthless coins to me yesterday?

So I asked these questions at the Poloniex trollbox. 
They have an XMR market which is great even for coins that trade for under 1satBTC.
Why are these being delisted?  Can't you move them to XMR for a probationary period?

The mods said the coins have no volume.
I pointed out that I've been trading ALL of these coins this month, some of them YESTERDAY.
KEY had .3BTC volume yesterday and jumped over 100%, and not all from me.
There are several coins with LOWER volume that are not being delisted.
Therefore, low volume doesn't get a coin delisted, and increased volume doesn't save it.
So why are these coins being delisted?

Then they said it's because these coins don't have active dev teams.
I pointed out that they're delisting DNS, which has the dev team at Bitshares,
which just printed a billion coins with their snapshot that Poloniex participated in. 
So having an active dev team doesn't save a coin from being delisted.
I also pointed out that some coins have been completely abandoned by the original devs,
but those coins continue to thrive and are still traded.

I personally revived the dead Fractalcoin network recently,
and I'm just one average person who can't even program and knows nothing about mining.
I saw it, bought it, then couldn't get a transaction through.
So I rented an X11 rig in Amsterdam or somewhere,
I didn't even know how to do that or set up a worker in a pool,
but I mined my own transactions and the guy I rented the rig from
said he'd had a pending FRAC tx he'd been waiting on for a week.
Then multiminers hopped on, I paid a small bounty to 2 people in the trollbox to mine a little,
I put up a small buywall for price support, and now it's back on.
One person can keep a coin going.

So why are these coins being delisted without a chance?

Then they said it's because there's no community support,
and someone from the community can request the coins to be kept on market.
I pointed out that I am part of the community of all these coins,
and I'm requesting some discussion before they're delisted.
The mods said it's already settled, no use talking about it.

Then they said not to worry, the coins could be relisted later.
I pointed out that Poloniex has delisted over 100 coins,
and never relisted a single one yet.
That's when the mods said to stop talking about it or I'll be banned.

So I came here.  It was enough that I bought coins yesterday and I'm not allowed to trade them today.
But now they also have the centralized authority to keep me from speaking.
My solution is to avoid the situation in the future by not giving them that power over me.
If I buy another coin there today, they have the power to delist that coin tomorrow.
So why should I buy any more coins there?

I opened a support ticket for each of the 17 coins I had a problem with,
and after a few hours I see that all of the tickets are gone and nobody ever replied.
At least they fixed the coins they said I had to withdraw immediately but didn't have working withdrawals.

Some of my coins aren't traded anywhere else and I can't find a working wallet, so I had 18 hours notice to dump them.
I am not happy about that.  I have never sold any of my coins for a loss before today, and I've hardly sold any at all.
And the only reason I had the 18 hours notice was because I woke up to go to the bathroom at midnight
and decided to check Polo real quick before going back to my much-needed sleep.
That was 20 hours ago and I haven't been back to sleep yet,
because I was canceling over a hundred buy and sell orders that I spent hours and hours structuring, just on those 17 coins.
Then I had to start downloading wallets, finding other exchanges,
then I had to go to work, which I spend about as many hours at as I've spent at Polo during the past month.

Then I had to look at the 40 little coin certificates I had already printed up as Christmas gifts for friends and family,
with little 32X32 color coin logos next to each balance,
telling them they're the proud holders of the following cryptocurrencies in the following amounts,
just download a wallet (lol) "or sign up at poloniex.com and send me your deposit addresses".
.01BTC
.1LTC
1.0XMR
10.0VTC
50.0OPAL
100.0CURE
etc. etc.
all the way up to 1,000,000DSH - impressive, right?

Not that I really want to give away .4BTC at one time, I only had 9BTC total value in my Polo account,
but I would be surprised if 10% of the people I gave it to actually sent deposit addresses.

Anyway, I can't give that to people now.  No big deal, Poloniex left me 2 or 3 days notice to come up with 40 new Christmas presents.
I used an entire color ink cartridge though, so I might film a live coin burn of those Poloniex certificates so I'll get something out of it.


Title: Re: Poloniex Delists 17 Coins Today
Post by: kekek on December 19, 2014, 01:54:58 AM
Good for them, they are helping to remove the shit. Also giving your family crypto for Christmas is equivalent to giving them socks.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 19, 2014, 02:00:49 AM
I admit, one thing I like about Poloniex is that they try to keep good coins and not bad coins.

But if these coins were all shit, as you say, then why did they sell them to me yesterday?

Why do they have to delist 17 at the same time, with no advance notice?

If they're trying to get rid of low volume coins and make room, why is CarpeDiem listed on the BTC market at 1 satoshi with 2 trades per week, and it's also listed on XMR?

Also I'm giving my family socks too, with the coins.  Alpaca socks.  Not really, but I did buy BTC wrapping paper.  If you don't think coins are a good gift, I'll be sure not to give you any.


Title: Re: Poloniex Delists 17 Coins Today
Post by: smoothie on December 19, 2014, 02:09:18 AM
Dont keep your coins on an exchange unless you are exchanging them.

Exchanges are not banks...so you stand to lose everything.


Title: Re: Poloniex Delists 17 Coins Today
Post by: tokeweed on December 19, 2014, 02:13:25 AM
^ yes.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 19, 2014, 02:13:59 AM
Good advice smoothie, that's why I'm changing my long-term strategy.

I wanted to buy small amounts of all the cheap coins, and I ended up with over 100 coins.

It's not realistic for me to store all those wallets myself for up to 3 years, so I thought Poloniex would be safe with Google 2FA Authenticator and all the rest.
But it's not safe from Poloniex and whatever they might do, or if they disappear.
I liked their history and the fact that they've survived hard times without running off with people's money.

I did actually have all my coins on sell orders, although mostly at unrealistic prices.  

But changing to my new strategy of holding in wallets is taking a while, I've been at it for hours and I still haven't withdrawn half my coins yet.


Title: Re: Poloniex Delists 17 Coins Today
Post by: tokeweed on December 19, 2014, 02:16:03 AM
stay away from the shit coins.  it's a complete waste of time and BTC.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 19, 2014, 02:21:58 AM
Buying a million of anything for a dollar is not much of a waste.

There are plenty of coins I would not bother buying, but I decided to stick with Poloniex and hold the coins they offer,
since they've obviously done some vetting and avoided the worst coins.  

I was wrong, they just have a different selection of shitcoins and even they don't think they'll ever be worth having.

But if any current altcoin still exists 4 years from now, it will be valuable.

And since there's no way to know for sure which ones will survive, I saw it as a superior alternative to a lottery ticket.

Most people will continue choosing the 2 pizzas, and at worst I'll miss a few pizzas and hopefully won't regret it much.



Title: Re: Poloniex Delists 17 Coins Today
Post by: galbros on December 19, 2014, 02:27:24 AM
I agree it would be nice if they gave more notice and a longer window for withdrawing.  However, I'm sure you can see their point too, if they are not making any money offering a coin pair then they should prune it.

Your Christmas coin presents sounded cool, I'm sorry that effort got sunk.

I don't think holding 100 different coins is really realistic.  I don't usually hold a coin unless I'm willing to download its client.  I don't think you should be upset that an exchange doesn't want to cover that overhead for you.  Smoothie is right on.

Good Luck!


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 19, 2014, 02:29:20 AM
So if you bought a coin and it was delisted tomorrow, you wouldn't care?

I guess it depends on what your plans were.


Title: Re: Poloniex Delists 17 Coins Today
Post by: rokkyroad on December 19, 2014, 02:29:56 AM
Polo does clean house occasionally. They will not take your delisted coins. I still have delisted coins there from months ago and they can still be withdrawn. So I do give Polo credit for this.

It just pisses me off to no end when any exchange delists a "good" coin. I'll specify "good" only because the shitcoins should never have been listed in the first place.

Exchanges have to bear the brunt for the current state of altcoin affairs.  Had they not listed every Tom,Dick,&Harry's coin that came along maybe the altcoin market would not be as dismal as it is now.

Let's face it. Delisting a coin effectively delivers a death blow to the coin and those investments made by the exchange's customers.


Title: Re: Poloniex Delists 17 Coins Today
Post by: hobala on December 19, 2014, 03:03:54 AM
what poloniex want remove crypt on market


Title: Re: Poloniex Delists 17 Coins Today
Post by: e-coinomist on December 19, 2014, 06:37:11 AM
AEON, AUR, BLU, CRYPT, DNS, DRKC, EBT, KEY, LOL, MON, NAS, NTX, PMC, SHOPX, SILK, UTIL, and VOOT.  
......
Since I was hodling all 17 of the delisted coins, and some of them are not traded on any other exchanges,
I have decided to rethink my altcoin strategy.  When I bought little bits of a hundred different coins,
I wasn't planning on downloading and backing up a hundred different wallets.
tl;dr all 17 is a serious nudge to "rethink your altcoin strategy"

I cannot deny knowing KEY at least as an acronym. Cannot remember ever having touched any of these coins.


Title: Re: Poloniex Delists 17 Coins Today
Post by: fudge on December 19, 2014, 09:54:48 AM
@runpaint,

about poloniex:
coins are just being delisted for trading.
withdrawal usually works even for coins delisted half year ago.


Title: Re: Poloniex Delists 17 Coins Today
Post by: unent on December 19, 2014, 11:25:34 AM
I tried to withdraw my Nas coins from there a month or two ago and the blockchain was not moving. I have not even bothered to log back in to check, but it would not surprise me if it's impossible to withdraw Nas. I can understand why they are getting rid of it because since the dev ran away there is no interest left in it.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 19, 2014, 01:03:30 PM
If they had delisted one coin, I wouldn't be here arguing about one coin. 

By delisting 17 at one time, with no chance to do anything about it,
they've made it an issue of the general future of altcoins and their exchange.

What do you do if you've invested in 17 altcoins and they're all losing interest?
Do you make any attempt to keep any of your coins alive, or do you just throw it all away?
Do you believe that altcoins have any value or future?
Poloniex has communicated their position on the issue.

From Poloniex support:

"I have deleted the transaction and refunded your coins. You are free to make the withdrawal again.

If you receive a complete: error, this withdrawal did not go through. It reported a complete error. A complete error can happen for a number of reasons. Always watch on the bottom of the balances page, sometimes you can resolve this yourself. If not, and it you see this, report it right away.

Additionally, this is actually the one technical issue that our moderators in the trollbox can resolve. You are free to ask them for help, they are very nice. Of course, you are always welcome to create a support ticket, we will be happy to resolve this for you. :) It's just that the other methods will probably get the issue resolved quicker.

Best regards"


My response:

"Thank you!  As for the moderators, earlier today they told me to stop talking about my support issues in chat or I would be banned.  As to always being welcome to create a support ticket, I created one support ticket today for each of the coins I had a problem with, which was about 17 tickets, and all of those tickets appear to have been "resolved" or deleted with no response to me.  But I do appreciate you keeping the withdrawals working, I know there are a lot of tickets so I'm thankful for the help."

His response:

"I am aware how it happened on the trollbox, we have a policy against spam and we must enforce it. The same goes for the help desk, I closed all your tickets because 17 tickets, each for a single delisted coin, is spam too.

We always keep the wallets in sync after delisit for as long as the coin network survive or as long as costumers have funds.

Best regards"


My response:

"It wasn't for a single delisted coin, it was for 17 delisted coins.  If 17 at one time is spam, then Poloniex spammed my money with delistings. 

Is 17 tickets too many for you to answer in one day?  Imagine if, instead of asking you to answer 17 messages, I asked you to download 17 buggy wallets that take hours to sync, and initiate 17 withdrawals, many of which won't work on the first try if at all.  That's what Poloniex has asked me to do.

Since you won't even answer 17 messages when you're getting paid to do it, obviously you wouldn't want to pay over $100 to get 17 jobs dumped on you all at once. 

What if you had sent me 17 replies, and then you got in trouble for spamming?  That wouldn't make much sense, if you were only replying to the messages I sent you. 

So why is it spam when I reply to 17 messages Poloniex sent me?

Is it because customer concerns don't matter and are treated as a nuisance? 

I spent over $100 on these 17 coins at Poloniex, much of it within the past 2 days.
Now the investment opportunity I was planning on has been yanked away.
I sent more than one feature request regarding moving coins to the XMR market, and those were also deleted without responding to me. 

So if the customer is always the asshole, just say so.  Don't lie and say I'm welcome to create a support ticket, when you're just going to delete it.  My $100 is down the drain because one person at Poloniex made an arbitrary decision against my interests and doesn't even care enough to acknowledge my objections or even my existence.

I wish this WAS just spam, because sending spam doesn't cost me $100."


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 19, 2014, 01:55:51 PM
http://img.photobucket.com/albums/v96/runpaint/polo1.jpg

http://img.photobucket.com/albums/v96/runpaint/polo2.jpg


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 19, 2014, 02:48:15 PM
From Poloniex:

"I understand you may be frustrated, but there are better ways of communicating than the way you have chosen. We have a policy that have to be enforced.

For example we decided not to delist SILK, we are always open to communication.

If you feel you have any information about any soon to be delisted coin that could make us change our minds please let me know.

Best regards"


From me:

"Oh, you decided not to delist SILK?  Well I already withdrew all my SILK, because you told me to withdraw it immediately, and I was told plainly by moderators that the decision would not change and to stop asking or I would be banned.

Forgive me for doubting your sincerity, but how I could possibly give you any information about a "soon to be delisted coin" when Poloniex doesn't announce which coins are soon to be delisted?  All we get is an announcement of 17 immediate delistings at the same time. 

24 hours isn't even enough time for me to withdraw all these coins, much less research all 17 of them, contact people in the community, build support for the network, and send 17 support tickets which you will delete without reply.  So how exactly am I supposed to "let you know" any information about 17 coins at one time?  That's right, I'm not really supposed to and your words are empty. 

I understand Poloniex may not put much thought into how many people are adversely affected by their decisions, but there are better ways of communicating than the way you have chosen.  I have a limited amount of time and money I can allow you to waste with your nonsense.

"We're delisting 17 of your coins, withdraw them immediately because we're not going to change our minds.  You're not allowed to talk about it in chat, send a support ticket.  Your support tickets are spam, don't send them.  We changed our minds about one of them after you withdrew it, please violate our policy by sending support tickets for the other 16."

Here are some relevant moderator comments from the trollbox, if you care:

http://www.polonibox.com/?messageId=2364963

http://www.polonibox.com/?messageId=2365181

http://www.polonibox.com/?messageId=2364909 "


Title: Re: Poloniex Delists 17 Coins Today
Post by: Este Nuno on December 19, 2014, 04:48:23 PM
They totally announced this days ago. It wasn't just announced the day of.

Check the Poloniex news box.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 19, 2014, 06:04:45 PM
Quote
On Dec. 19th, trading will close for: UTIL, DNS, SHOPX, VOOT, NTX, LOL, NAS, EBT, MON, KEY, DRKC, AEON, AUR, CRYPT, PMC, BLU. Please withdraw your coins by Dec 31st.

Posted by MobyDick at 2014-12-18 06:22:23

Is there some other news box you're talking about?   



Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 19, 2014, 06:30:19 PM
From Poloniex support:

"In the log I can clearly see you spamming and spreading FUD, you were warned and continued. I ask again to please re think the manner that you attempted to speak with us and put yourself in our position.

Our moderators can't chose what coins are delisted but they can make arguments with the team, if a good argument is presented to them.

We are not responsible for coins being ignored by its developers and we cannot fix problems on wallets when such thing happen, to protect our costumers we delist those coins and, despite the immediate withdrawal waring, the wallets remain running, we have no intention on keeping our costumers funds.

Best regards"




From me:

"Not only was I there when it happened, I can also review all of my statements at http://www.polonibox.com/?username=runpaint

I'll respond one more time as if you really believe what you are saying.

From the time that the coin delistings were announced, until right now, I posted about 70 messages in the trollbox.  That figure includes 37 direct responses by name to 10 separate users who had directly addressed me, and other answers to users in which I didn't address them by name.

 So that leaves how many messages you're calling spam?  30?  Less than 2 for each of my coins that you delisted?  When you sell me 17 separate items and then unilaterally wreck their value the next day, I'm not allowed to say more than 1 comment on each one or I'm spamming?  

That total number of messages also includes such statements as:

"I will personally mine each of those coins if they'll just move them to XMR instead of delisting"
http://www.polonibox.com/?messageId=2364769

"Poloniex is the best exchange"
http://www.polonibox.com/?messageId=2364926

"NTX withdrawals are offline, please allow me to withdraw my coins by Dec 31st"
http://www.polonibox.com/?messageId=2365041

"thank you"
http://www.polonibox.com/?messageId=2365082

"Chickenliver, also I have been asked to immediately withdraw all of my CRYPT, and that withdrawal is also offline"
http://www.polonibox.com/?messageId=2365083


Where is the spam?  That's right, there is none.  

As for you protecting your customers because of changes in those coins, all 17 of the coins didn't change in 1 day.  Which means that if you thought you should delist them to protect customers, you waited until after I bought them and just protected other people instead.  (Protected them from me, so that I can't sell them the coin you sold me yesterday)"


Title: Re: Poloniex Delists 17 Coins Today
Post by: rokkyroad on December 19, 2014, 06:57:20 PM
Bittrex, CCex, and Poloniex are bad for listing coins on a whim and delisting them when volumes drop. Best thing to do is avoid them.

AFAIK, Btc-e and Cryptsy are the only ones who don't leave their customers high and dry. Btc-e gets a lot of flack over their selection of altcoins but at least you know you can trade them tomorrow, next week, and next month.


Title: Re: Poloniex Delists 17 Coins Today
Post by: Este Nuno on December 19, 2014, 07:40:38 PM
Quote
On Dec. 19th, trading will close for: UTIL, DNS, SHOPX, VOOT, NTX, LOL, NAS, EBT, MON, KEY, DRKC, AEON, AUR, CRYPT, PMC, BLU. Please withdraw your coins by Dec 31st.

Posted by MobyDick at 2014-12-18 06:22:23

Is there some other news box you're talking about?   



Thought I saw that posted before. So I guess they'll be giving around 2 days or slightly less depending on when they close the markets. It is somewhat short notice, but they do give enough time to withdraw. Also they're flexible and I've seen them decide to keep quite a few coins when someone makes them aware of a good reason to keep them.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 19, 2014, 08:01:31 PM
Bittrex, CCex, and Poloniex are bad for listing coins on a whim and delisting them when volumes drop. Best thing to do is avoid them.

AFAIK, Btc-e and Cryptsy are the only ones who don't leave their customers high and dry. Btc-e gets a lot of flack over their selection of altcoins but at least you know you can trade them tomorrow, next week, and next month.

I did have a negative impressive of Cryptsy, but I appreciate the recommendations and will also try btc-e.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 19, 2014, 08:37:11 PM

Thought I saw that posted before. So I guess they'll be giving around 2 days or slightly less depending on when they close the markets. It is somewhat short notice, but they do give enough time to withdraw. Also they're flexible and I've seen them decide to keep quite a few coins when someone makes them aware of a good reason to keep them.

#1, it's not enough time to withdraw for coins that aren't on any other exchanges and that I can't get the wallets working.  I still don't have all my coins withdrawn.

#2, I tried to make them aware of a good reason to keep the coins listed, but before I could discuss it with anyone they told me to stop talking about it in chat and they deleted all of my support tickets.


Title: Re: Poloniex Delists 17 Coins Today
Post by: kekek on December 19, 2014, 10:28:23 PM

Wow your family really lucked out, now they aren't stuck with less than $10 worth of shitcoins and .01 btc.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 19, 2014, 11:15:34 PM
So you turn down free Bitcoin?  Or you just don't want more people to start using Bitcoin? 

But you're right, Litecoin and Vertcoin are shitcoins and it's a burden to have $10 worth of them. 
I'll do you a favor, here are my deposit addresses:

LTC:
LVYnAVzxNjmyabBDqpyV2uK2oZV86io4ue

VTC:
VjGf5hYGAXGF8vf98VkW5wpRTgLkrSdMgi

You're welcome.

And since it's Christmas, I'll take 100 Curecoin off your hands too.  I'm like Santa Claus! 
It would only take your laptop 1 year to earn that many Curecoins, who else would want them but me?

CURE: 
BTQieFUxeFjQCSyVYhZnEdgxRBCxYvLYEy


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 20, 2014, 06:52:42 PM
I also thought it was a weak excuse that the wallets might break if the devs weren't active.
Poloniex says they build all their wallets themselves from source code.

So what's the real answer to all of my questions, and why don't their answers make sense?
Why are they so evasive, and why don't they allow certain questions to be asked?
Is there a hidden answer that they won't admit?

Maybe something like, "We basically see all these coins as a scam and we never intended to list them long-term anyway."


Title: Re: Poloniex Delists 17 Coins Today
Post by: 2dogs on December 20, 2014, 08:46:47 PM
Poloniex changed their mind on delisting SILK.

Under Announcements:

We've been made aware of new SILK developments, so we've decided to hold off on delisting SILK.

Posted by MobyDick at 2014-12-19 07:15:20





Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 20, 2014, 09:59:36 PM
Poloniex changed their mind on delisting SILK.

Under Announcements:

We've been made aware of new SILK developments, so we've decided to hold off on delisting SILK.

Posted by MobyDick at 2014-12-19 07:15:20






Yes, I can give you a link to Page 1 of this topic if you want to read more about that.

So Whoop-tee-doo, they're going to "hold off" on that one, AFTER they told me there would be no more discussion about it or I would be banned, case closed, withdraw my coins immediately and that's the final word on it.  So I withdrew my coins like they said, and now what?  I'm supposed to re-deposit them?  No thanks.  I think SILK is up 100% today, over 4 times the price I paid.  But yesterday it was a dead shitcoin that wasn't even worth listing?


Title: Re: Poloniex Delists 17 Coins Today
Post by: rokkyroad on December 20, 2014, 10:10:20 PM
" I think SILK is up 100% today, over 4 times the price I paid.  But yesterday it was a dead shitcoin that wasn't even worth listing? "

Poloniex. You got some splainin to do. You guys are arbitrarily ffing around with people's livelihoods.


Title: Re: Poloniex Delists 17 Coins Today
Post by: Este Nuno on December 21, 2014, 09:21:48 AM
Poloniex changed their mind on delisting SILK.

Under Announcements:

We've been made aware of new SILK developments, so we've decided to hold off on delisting SILK.

Posted by MobyDick at 2014-12-19 07:15:20






Yes, I can give you a link to Page 1 of this topic if you want to read more about that.

So Whoop-tee-doo, they're going to "hold off" on that one, AFTER they told me there would be no more discussion about it or I would be banned, case closed, withdraw my coins immediately and that's the final word on it.  So I withdrew my coins like they said, and now what?  I'm supposed to re-deposit them?  No thanks.  I think SILK is up 100% today, over 4 times the price I paid.  But yesterday it was a dead shitcoin that wasn't even worth listing?

They base their decisions on volume. There is a cost related to leaving markets open. And when a market isn't profitable it costs them money. It's a business, not a charity to support altcoins.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 21, 2014, 02:43:50 PM
They don't base their decisions on volume, that's a lie that I've thoroughly covered.

They didn't claim to change their mind on SILK based on volume, and there are plenty of other coins with much lower volume that they didn't delist.

As I've already said, KEY moved .3btc in one day and was up over 100%, and they still delisted it the next day.

Poloniex says the coin devs are the only ones who can stop a coin being delisted, because they believe cryptocurrency should be controlled by centralized authority and not be controlled at all by the many people who hold the coins.


Title: Re: Poloniex Delists 17 Coins Today
Post by: Este Nuno on December 21, 2014, 05:41:31 PM
They don't base their decisions on volume, that's a lie that I've thoroughly covered.

They didn't claim to change their mind on SILK based on volume, and there are plenty of other coins with much lower volume that they didn't delist.

As I've already said, KEY moved .3btc in one day and was up over 100%, and they still delisted it the next day.

Poloniex says the coin devs are the only ones who can stop a coin being delisted, because they believe cryptocurrency should be controlled by centralized authority and not be controlled at all by the many people who hold the coins.

Poloniex deals with the current developers of the coin as a matter of security. They almost certainly base their decisions on volume. It has to be the prime metric as volume is the only way they make money. I don't think Poloniex believes "cryptocurrency should be controlled by centralized authority and not be controlled at all by the many people who hold the coins.", that's just silly.

KEY having 0.3 BTC of volume despite eminent delisting pretty much confirms that it's not worth keeping it on the exchange.

They are running a business, give them financial incentive(ie real volume, it doesn't take much at all to stay listed) to keep a coin listed and I'm almost certain they will keep it on.

Perhaps you should consider pointing some of your outrage at the developers and communities behind these coins.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 21, 2014, 08:21:42 PM
KEY had the volume and the 100% increase before it was announced to be delisted.

SILK had no increase in volume before they reversed its delisting.

WOLF, DIEM, XBC, and about 10 other coins had a combined volume of about 0.00BTC in the past 2 weeks, and they weren't delisted.

Everything else you said is untrue, and anyone can see it if they're interested.  I could repeat the facts, I could repeat Poloniex's own statements, but you're still going to ignore reality and claim it's about volume and "it doesn't take much to stay listed".

Does Poloniex pay you in dollars, or crypto?  Hopefully they'll give you insider information before they delist what they paid you.



Title: Re: Poloniex Delists 17 Coins Today
Post by: Este Nuno on December 22, 2014, 07:23:17 AM
KEY had the volume and the 100% increase before it was announced to be delisted.

SILK had no increase in volume before they reversed its delisting.

WOLF, DIEM, XBC, and about 10 other coins had a combined volume of about 0.00BTC in the past 2 weeks, and they weren't delisted.

Everything else you said is untrue, and anyone can see it if they're interested.  I could repeat the facts, I could repeat Poloniex's own statements, but you're still going to ignore reality and claim it's about volume and "it doesn't take much to stay listed".

Does Poloniex pay you in dollars, or crypto?  Hopefully they'll give you insider information before they delist what they paid you.



100% increase means absolutely nothing on a no volume coin like KEY. 0.3 BTC volume is absolutely nothing. Not to mention it turned out that KEY was a Prometheus pump and dump coin so chances of anything else happening with KEY are close to zero.

The official statement was that they were made aware of upcoming developments or something similar with SILK. Thus there is a reasonable expectation that there might be come future volume with SILK. If there was anything at all going on with any of those other coins someone could have made anyone aware at Poloniex and they'd probably keep it listed if it sounded like there would be renewed interest in the coin. It's not complicated. It's not a conspiracy.

I don't know what WOLF is, but DIEM and XBC have supporters in the Poloniex community and they do get volume sporadically.

 I don't get paid by Poloniex. But I think they're the best exchange by and it would benefit everyone if we concentrated our volume there.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 22, 2014, 10:51:47 AM
Yes, it would benefit everyone. 

Except the people holding KEY.

And the people holding NAS.

And the people holding Bitshares DNS.

And the people holding LOL.

And the people holding AEON.

And the people holding AUR.

And the people holding CRYPT.

And the people holding BLU.

And the people holding PMC.

And the people holding VOOT.

And the people holding SHOPX.

And the people holding NTX.

And the people holding MON.

And the people holding DRKC.

And the people holding UTIL.

And the people holding SILK who dumped it because Poloniex delisted it but then it doubled the next day.  (I withdrew my 21,000 instead of trusting Poloniex, and I benefited.)

But yeah, since it turned out KEY was a Prometheus pump and dump, it's time to get rid of it.  Good thing that information came to light the same day as information about 15% of all the coins on their exchange.

But like you said, sporadic volume and a few people who support KEY aren't enough.  But like you said, sporadic volume and a few people who support XBC are enough.  It's all about volume, except when it's not.


Title: Re: Poloniex Delists 17 Coins Today
Post by: Este Nuno on December 22, 2014, 12:00:38 PM
If there was a community of people from KEY on Poloniex like there is with XBC then yeah, It would be less likely that it would be delisted. Volume is still the prime indicator of whether or not a coin is worth keeping or not of course.

It's not a charity. Give them a good reason to keep a coin and they will. If people from the Poloniex community(aka paying customers) want a coin to stay listed, they'll likely get their wish. When they announce plans to delist a coin, given a good enough reason they'd be happy to keep it listed if it's going to provide some benefit to the site. The people who work for Poloniex are very reasonable people.

Considering you got banned from chat or whatever I'm going to guess that you weren't able to communicate your opinion on a reasonable level . You seem to feel like Poloniex owes you something, or that you're the victim here. I promise you that given a good reason to keep a coin(primary volume, or potential of future volume, and it not being a complete scam) they will keep it. It's pretty simple.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 22, 2014, 02:30:10 PM
Give them a good reason to keep a coin and they will.

How would I go about giving them a reason?  In their chat, or by sending them support tickets?  They deleted my support tickets about each coin, and they said it was spam.


Quote
Considering you got banned from chat or whatever

I wasn't banned, I was threatened with being banned if I asked to keep coins listed.

But you PROMISE that they'll keep it, if I just talk to them right?  So, once again, you insist on being wrong despite all available evidence.


Quote
I'm going to guess that you weren't able to communicate your opinion on a reasonable level

Once again you're just making things up, since I've posted my entire chat log in this topic for anyone to see how I communicated.



UPDATE:  They listed a new coin today - another video game altcoin.  Such a good thing they just delisted League Coin, I'm sure this new one will be totally different and better!


Title: Re: Poloniex Delists 17 Coins Today
Post by: Este Nuno on December 22, 2014, 07:14:38 PM
Give them a good reason to keep a coin and they will.

How would I go about giving them a reason?  In their chat, or by sending them support tickets?  They deleted my support tickets about each coin, and they said it was spam.


Quote
Considering you got banned from chat or whatever

I wasn't banned, I was threatened with being banned if I asked to keep coins listed.

But you PROMISE that they'll keep it, if I just talk to them right?  So, once again, you insist on being wrong despite all available evidence.


Quote
I'm going to guess that you weren't able to communicate your opinion on a reasonable level

Once again you're just making things up, since I've posted my entire chat log in this topic for anyone to see how I communicated.



UPDATE:  They listed a new coin today - another video game altcoin.  Such a good thing they just delisted League Coin, I'm sure this new one will be totally different and better!

I did not promise you they would keep a coin if you talk to them. I said you had to give them a good reason to keep a coin. People involved in SILK obviously gave them a good reason. Your reasoning to keep KEY was that it had 0.3 BTC of volume after being announced for delisting.

Yes, they added Gamecoin. A coin with an active community and very active development that's been putting out good work for a very long time. I was happy to see them add that as from what I've seen they are doing a good job and are putting in a lot of work.

Do any of those coins that were delisted have active development? Active development alone doesn't necessarily mean that a coin would continue to be listed despite low volumes, but actually being alive and not dead certainly helps.

A coin simply existing doesn't give Poloniex some sort of obligation to list it. Active communities and active development will give them an incentive to list a coin. As those are things that generally result in trading volume.



Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 22, 2014, 07:50:42 PM
Yeah, and what's the general result when you treat your customers like they don't matter?



Title: Re: Poloniex Delists 17 Coins Today
Post by: Este Nuno on December 23, 2014, 12:09:56 PM
Yeah, and what's the general result when you treat your customers like they don't matter?



They don't treat their customers like that at all. In fact I'd be surprised if they weren't considered the best in the space for customer service. Maybe someone could start a poll.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 23, 2014, 12:47:30 PM
Poloniex customer service solution #1:  Call someone else.

Quote
runpaint, let not start that now please. you should talk to the devs of the coins and ask them what they are doing about it?

http://www.polonibox.com/?messageId=2364788



Poloniex customer service solution #2:  Don't let us rip you off, we warned you!

Quote
PRO TIP: Not all coins are made for long term. Many coins are made just for a quick buck. Be careful of PUMP/DUMPS. Don't be a bag holder on a dead coin.

http://www.polonibox.com/?messageId=2364909



Poloniex customer service solution #3:  If we fail to give you a satisfactory answer the first time, don't ask again.

Quote
runpaint, we are not going to keep hashing this over and over and over. let move on now please .. the answer are not goning to change at this time

http://www.polonibox.com/?messageId=2364963


Poloniex customer service solution #4:  If you won't shut up, we'll MAKE you shut up.

Quote
runpaint, you can discuss it further with a ticket but it is over in the box,if you continues to try to bash poloniex you will be banned

http://www.polonibox.com/?messageId=2365181


Poloniex customer service solution #5:  if you discuss it further with a ticket, we'll delete your ticket without responding.

Is there anything else I can not help you with today?




Title: Re: Poloniex Delists 17 Coins Today
Post by: CrazyRabbi on December 23, 2014, 12:53:03 PM
Poloniex customer service solution #1:  Call someone else.

Quote
runpaint, let not start that now please. you should talk to the devs of the coins and ask them what they are doing about it?

http://www.polonibox.com/?messageId=2364788



Poloniex customer service solution #2:  Don't let us rip you off, we warned you!

Quote
PRO TIP: Not all coins are made for long term. Many coins are made just for a quick buck. Be careful of PUMP/DUMPS. Don't be a bag holder on a dead coin.

http://www.polonibox.com/?messageId=2364909



Poloniex customer service solution #3:  If we fail to give you a satisfactory answer the first time, don't ask again.

Quote
runpaint, we are not going to keep hashing this over and over and over. let move on now please .. the answer are not goning to change at this time

http://www.polonibox.com/?messageId=2364963


Poloniex customer service solution #4:  If you won't shut up, we'll MAKE you shut up.

Quote
runpaint, you can discuss it further with a ticket but it is over in the box,if you continues to try to bash poloniex you will be banned

http://www.polonibox.com/?messageId=2365181


Poloniex customer service solution #5:  if you discuss it further with a ticket, we'll delete your ticket without responding.

Is there anything else I can not help you with today?




I pulled all my coins out of Poloniex when they tried to pull the "Bitcoins are a taxable asset bullshit" when I said "You can't "borrow" Bitcoins or any Cryptocurrency because you can't borrow what you don't own nor is there any human link to Bitcoins or any other Cryptocurrency." They then replied with "You absolutely can owe Bitcoins and all other Cryptocurrencies and should pay taxes for them if applicable and can be taken to court.

Shit was seriously hilarious to me as if they think Bitcoins are Fed Notes or something?

I've never seen Polish people be this Government Loving in my life...


Title: Re: Poloniex Delists 17 Coins Today
Post by: J. J. Phillips on December 23, 2014, 01:21:13 PM
If the long-term strategy is to buy some of a lot of alts and wait, then I'd suggest putting them on paper wallets after buying them. In 5 years you can check if you got lucky and one of the paper wallets is not worthless. (That way you don't need to download or sync the client.) Expecting an exchange to still be around and still holding every alt in 5 years is unrealistic.

Plus: 9btc on an exchange? I wouldn't be able to sleep at night.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 23, 2014, 05:19:24 PM
If the long-term strategy is to buy some of a lot of alts and wait, then I'd suggest putting them on paper wallets after buying them. In 5 years you can check if you got lucky and one of the paper wallets is not worthless. (That way you don't need to download or sync the client.) Expecting an exchange to still be around and still holding every alt in 5 years is unrealistic.

Plus: 9btc on an exchange? I wouldn't be able to sleep at night.


Thanks for the suggestion, I don't know much about paper wallets but I need to look into it.  I know they're selling Bitcoin over the counter at convenience stores in Indonesia, so that might be the future of crypto for a lot of people.

As for not being able to sleep at night, right now what's keeping me up is the .01btc worth of Vertcoin that never arrived in my wallet, and other things like that which are probably pointless and funny. 


Title: Re: Poloniex Delists 17 Coins Today
Post by: kenny83 on December 25, 2014, 06:29:07 PM
omg , i still keep crypt and util coin , so sad , all altcoin i keep come to delisted now


Title: Re: Poloniex Delists 17 Coins Today
Post by: toddtervy on December 31, 2014, 01:57:22 PM
My apologies for venting, but I hope there's some useful discussion somewhere in here.

Some exchanges let you know if a coin is being considered for delisting, so you have a chance to do something about it. 
But Poloniex just announced 17 coins that are being delisted today, no discussion allowed.

AEON, AUR, BLU, CRYPT, DNS, DRKC, EBT, KEY, LOL, MON, NAS, NTX, PMC, SHOPX, SILK, UTIL, and VOOT. 

"Please withdraw your coins by Dec 31st."

Sorry for your troubles.  There's so many darn coins now, it's hard to keep track of, they must've wanted to simplify things a little.  Keep the coins that were worth their time to have on trading platform.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on December 31, 2014, 03:50:23 PM
If they're going to announce that 15% of everything they sell is garbage, they could do it a little at a time or at least give more than 1 day notice.

The clear message is "You bought what we offered, that's your fault for trusting us."


Title: Re: Poloniex Delists 17 Coins Today
Post by: a fool and his money ... on December 31, 2014, 05:40:16 PM
@OP

like your way of thinking.  

If you're pissed with polo go to c-cex, allcoin, allcrypt, bleutrade or swisscex or any other exchange and buy yourself a market for your coin for around 0.2 to 0.3 BTC

Listings can be bought the same as hashpower can be bought. Coins can be traded at the thread too - so exchanges are just luxury and convenient but coins with low volume can be traded on their threads even without exchange. Listings on exchanges start at 0.2 btc and cryptsy or bter listing can be bought with more money. They are all corrupt of course. Small exchanges are enough out there which will be happy to list your coin for small money.

I am very much against this listing/delisiting cuz it hurt the people holding the coins, hurts the coins, hurt the confidence and because of all that keeps new investors from alts away. This bittrex-style delisting has no future.

on the other hand i got to say: EBT is really broken and Auroracoin was just exposed as a massive scam so you can't really say they should keep those two. I don't know all the  backgrounds about the other coins. I think if coin is really broken and no dev aswell as scamcoins needs to be possible to delist. In other cases should not delist coins especially not the ones with active dev and community.


if you don't like a particular exchange just support the next one. Exchanges are like coins: they need support too
And if an exchange screws up they loose volume. I think polo already lost a lot volume when they delisted the LTC-markets. They actually lost all the LTC-bagholders bag then. Same bittrex with the practise of delisting just hurt themselves in the long run.
Exchange screws you over? Then support their competition instead, take your business elsewhere!

Customer is king - in crypto aswell. Who doesn't tread customer well will loose business to competition who treats customers better.

These exchanges seem not to understand that most people hold more than one coin. And if they hurt me too often i will not trade at their shop anymore. It's very simple.
Most exchanges just prey  on the 5 or 10 pump-whales and that's it. Let the shitcoin-pumpers be alone with the exchanges. The pumpers also depend on the money of the small men. So if they screw the small customer  over the whale runs out of food too. We'll see where it leads. We need more exchanges or volume better distributed among many exchanges so the single exchanges don't become too arrogant or  even exploit a monopoly.

Don't cry about polo, just take your business elswhere.


Title: Re: Poloniex Delists 17 Coins Today
Post by: runpaint on January 01, 2015, 01:39:46 AM
I'm way ahead of you on that last part, I withdrew 4btc worth of coins before I made this thread.

But are you saying the real reason they delist a coin is because the devs stop sending them money?