How Bittrex is pulling money from people

[Roadrash188]

Bittrex is not responsible for our money, right
Bittrex is not responsible for the currency price, right

BUT - Bittrex IS reponsible for adding and removing currencies to/from Bittrex, which IS reasonable for the currency prices (because the total volume is splitting up to more currencies), so: Bittrex = responsible for loosing/making money!

Just watch the currency listing https://bittrex.com/ sorted by "ADDED" -> you see FOUR NEW CURRENCIES JUST IN FEBRUARY and now watch the prices of older currencies (Steem, AMP, VOX, NXT, Club Coin, choose any you want) going down, down, down...... so what some of you "experts" want to tell here?

This shows that Bittrex is not planning to show up serious trading platform, just pulling money from people.

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[thepo1m]

This is not the fault of exchange, this is what the life cycle of most of this coin, remember ETC, Zcash, Augur and recently Pascal Coin on Poloniex the trade volume of all these coins was over 20kBTC per day when it was just listed on Poloniex but now the hype is gone and the price has suffered.

[Sadlife]

Maybe the problem is the website itself(bittrex) i guess they cant handle the number of users trading day by day and gives rise to few minor bugs which became major over time and now the servers are overload because they continue to add more big data to it like the new crypto-currency you were talking about. The best way is to migrate to much bigger and better servers that can handle multiple processess and fixed those bugs weekly. And one thing that im curious about is the withdrawal fee of the site, i just think its  little overpriced.

[slick2]

This is not the fault of exchange, this is what the life cycle of most of this coin, remember ETC, Zcash, Augur and recently Pascal Coin on Poloniex the trade volume of all these coins was over 20kBTC per day when it was just listed on Poloniex but now the hype is gone and the price has suffered.

depends upon the coin, when altcoin developers don't have an update people would really panic specially if a coin stalls, it's a signal of dump time.

[thepo1m]

This is not the fault of exchange, this is what the life cycle of most of this coin, remember ETC, Zcash, Augur and recently Pascal Coin on Poloniex the trade volume of all these coins was over 20kBTC per day when it was just listed on Poloniex but now the hype is gone and the price has suffered.

depends upon the coin, when altcoin developers don't have an update people would really panic specially if a coin stalls, it's a signal of dump time.

Agree too that lack of timely update can also cause panic sale. One thing I know of a market is it is not possible for a coin to sustain its All time high price, there must be a correction in price to reflect the real value of a project and that is the amount a buyer is willing to pay for that token at that particular price

[Roadrash188]

SEVEN NEW CURRENCIES JUST IN FEBRUARY..... Shittrex....

[Roadrash188]

Funny thing is..... there are some currencies being sold at prices which had never been to buy at in the entire history..... how possible?
People like to loose money?

[wwzsocki]

Why BTC price is so low at Bittrex. Sometimes I see 400 - 500 $ difference between Bittrex and other exchanges. Arbitrage will be something but BTC is too slow this days that is why they make money on such a price difference.

[carlfebz2]

Why BTC price is so low at Bittrex. Sometimes I see 400 - 500 $ difference between Bittrex and other exchanges. Arbitrage will be something but BTC is too slow this days that is why they make money on such a price difference.

Going back before seeing on the price of bitcoin on each exchanges does really vary on small spreads but now same as you said their difference is almost $400+ specially on bittrex when I do tried out to check the prices recently on bitcoin to those exchanges.I might think that I can do make money on doing arbitrage trading since spreads or gaps is too decent to make money but I'm not still sure to do such thing.

[thebitcoinkiddo]

Why BTC price is so low at Bittrex. Sometimes I see 400 - 500 $ difference between Bittrex and other exchanges. Arbitrage will be something but BTC is too slow this days that is why they make money on such a price difference.

Going back before seeing on the price of bitcoin on each exchanges does really vary on small spreads but now same as you said their difference is almost $400+ specially on bittrex when I do tried out to check the prices recently on bitcoin to those exchanges.I might think that I can do make money on doing arbitrage trading since spreads or gaps is too decent to make money but I'm not still sure to do such thing.

If the price is too low on an exchange, I automatically assume they are a scam trying to suck money away from users and stay away. there is no way that people will let such a huge profit opportunity develop. arbitrage traders will trade even a couple dollars difference between exchanges.