Is bittrex dead after they applied for bitlicense?

[Alcoholic]

What you guys think. Does bittrex have a chance to survive?

It looks like everybody moved their coins to poloniex and only Bob is left trading Circ with himself on bittrex.

Will shit and scamcoins die out when pumpers left bittrex due to bitlicense?

[KhalDrago]

bittrex is done.. it was involved in huge scams and cooperates with others coin dev scammers. Wouldn't surprise me if they run away with the money if they fear they are going down.

[benthach]

bittrex? if play by the rule these scammer kids already jailed long ago.
not many people see what is coming? anonymous coins and decentralize exchange...ahem... blocknet...supernet...
the question, can they code? i accused jjjjj7777 being scam because i believed he can't code, he's trying to scam with many projects
sorry but btc will always king...for now

[KhalDrago]

I hope regulators now investigate bittrex with all the scams they are/were involved with.

[leipebarry]

Somebody has a link that they applied for the license?

Can anybody show me or tell me about the scams?

I trade on Bittrex so please tell me more about it.

[Bobsurplus]

All the volume will just flow to another exchange who does not comply with the bit license.
Like ccex or maybe bter or btc38

[Nxtblg]

Bittrex applied for a Bitlicense??

The gods must have a sense of humour...

[Este Nuno]

People should be moving all their volume to Poloniex now. It's the perfect time to consolidate all of the community's volume on a solid trusted exchange like Polo. They even have margin trading now too.

[Sir Alpha_goy]

.

[NorrisK]

If they are going to go down, why would they even bother applying for this expensive license? Sounds a bit stupid to me imo...

[KhalDrago]

If they are going to go down, why would they even bother applying for this expensive license? Sounds a bit stupid to me imo...

they are trying to get more users, apparently from new york to get scammed in the their exchange where they collaborate with scam devs.

[leipebarry]

Somebody has a link that they applied for the license?

Can anybody show me or tell me about the scams?

I trade on Bittrex so please tell me more about it.

According to Coindesk:

http://www.coindesk.com/real-cost-applying-new-york-bitlicense/

Bittrex, a cryptocurrency exchange, also applied for the license. Bittrex founder Bill Shihara told CoinDesk he estimated the process to have cost his company between $18,000 and $20,000, whilst employees spent approximately 80 hours compiling and reviewing the paperwork.

"I am sure larger companies incurred much higher costs than we did ... we were lucky that we had a lot of the paperwork already available."

Although he noted the BitLicense was a significant undertaking for companies, he said customers should welcome it:

    "Ultimately, I think customers should be happy about the BitLicense. While it is burdensome for us, the core of the paperwork involved consumer protection. The BitLicense requires background checks on the principals who handle your funds; detailed information of how the funds are stored and credited to our users; proof that the company is profitable; as well as security and incident response plans."

"If the BitLicense reviewers do their jobs right, passing the application process means the company holding your funds is a legitimate business that you should want to work with," he concluded.

Thanks going to read now.
Hope they will not go dead, it's my favorite exchange by far

[bathrobehero]

People should be moving all their volume to Poloniex now. It's the perfect time to consolidate all of the community's volume on a solid trusted exchange like Polo. They even have margin trading now too.

I, along with probably many others outside of the US will not use an exchange that depends entirely on US laws.

[shanem]

I notice bittrex volume is lesser now.
It could the because bittrex allows scamcoin like Dibbits, Globe and IBITS to be listed cheating many trader btc.
There is less btc to be traded on bittrex now.

[piebeyb]

What you guys think. Does bittrex have a chance to survive?

It looks like everybody moved their coins to poloniex and only Bob is left trading Circ with himself on bittrex.

Will shit and scamcoins die out when pumpers left bittrex due to bitlicense?

bittrex may continue to live and will take care of bitlicense it if necessary, I think the volume is high on bittrex proves there are still many traders

[NorrisK]

I notice bittrex volume is lesser now.
It could the because bittrex allows scamcoin like Dibbits, Globe and IBITS to be listed cheating many trader btc.
There is less btc to be traded on bittrex now.

Maybe those coins are what is keeping them alive. The scammer coins attract large volumes during the pumps, enough to make them a nice buck

[Zer0Sum]

People should be moving all their volume to Poloniex now. It's the perfect time to consolidate all of the community's volume on a solid trusted exchange like Polo. They even have margin trading now too.

People here do not understand US regulators.

The initial process today is a "honeypot" to suck in all the US crypto exchanges...
The SEC voluntarily gets ALL the data then starts turning the screws...
Where the end point is requirement to operate exactly like a US broker-dealer.

That means complex Tax Slips annually for every account, tax withholding, courses for every employee, etc...
Office inspections by SEC examiners, endless useless administration.

Polo, Cryptsy and Bittrex are really doing only about $200,000/day in volume = $400 in fees = $146,000/year...
To put this in perspective, I paid $246,000 in commissions to Interactive Brokers in 2002...
This is what one medium sized pro trader account might do at a US broker-dealer.

They will all soon disappear once crypto trading moves to Wall Street and ETFs, etc...
Unless they reverse buy a defunct US broker-dealer... and become 100% legit part of Wall Street.

[bit1]

If they are going to go down, why would they even bother applying for this expensive license? Sounds a bit stupid to me imo...

Certainly must be very expensive, But its guys aren´t stupid with competitors coming out of market they seek chances to be among the first to grab all the big market of N.Y, For example many peoples was saying that they would leave POLO because the "information requirements new " for its users and this  not affected POLO in the slightest. On a point goverment will try of regulate it  of an way or of the another, Its look be the begin. Besides is nearly impossible on the near future regulate all this, But nobody knows.

[benthach]

bittrex? if play by the rule these scammer kids already jailed long ago.
not many people see what is coming? anonymous coins and decentralize exchange...ahem... blocknet...supernet...
the question, can they code? i accused jjjjj7777 being scam because i believed he can't code, he's trying to scam with many projects
sorry but btc will always king...for now

https://bitcoinmagazine.com/21320/coinffeine-launches-beta-version-decentralized-bitcoin-exchange-platform-worldwide/

Also if you think j777 cant code you should have checked out https://phabricator.supernet.org/
You can see almost in real time what they do.

This time at least he can code unlike Blocknet scam.

j777 is no different then blocknet, it's just jj777 is worst scammer.

[Este Nuno]

bittrex? if play by the rule these scammer kids already jailed long ago.
not many people see what is coming? anonymous coins and decentralize exchange...ahem... blocknet...supernet...
the question, can they code? i accused jjjjj7777 being scam because i believed he can't code, he's trying to scam with many projects
sorry but btc will always king...for now

https://bitcoinmagazine.com/21320/coinffeine-launches-beta-version-decentralized-bitcoin-exchange-platform-worldwide/

Also if you think j777 cant code you should have checked out https://phabricator.supernet.org/
You can see almost in real time what they do.

This time at least he can code unlike Blocknet scam.

j777 is no different then blocknet, it's just jj777 is worst scammer.

You're very wrong. Just look at everything he's done on Github.

Not that lines of code means anything specific other than code existing, but how much code has he written thus far? 50k lines? 100k lines? I don't know the exact number, but it's very substantial.

Actually what's desperately needed is more testers to test the beta version of InstantDEX that he's created, the decentralised exchange that's part of SuperNET. There are rewards for finding bugs too. I've been trying to recruit testers myself, so if anyone wants to see things first hand send me a message and I can assist.