Poloniex delists 9 altcoins on August 2nd

[sud]

So Poloniex decided to get rid of some alts "that either do not align with the framework and/or exhibit limited trading volume for an extended duration of time", without any warning. Here is the list: FLO, FLDC, XVC, BCY, NXC, RADS, BLK, PINK, RIC. As always, we saw huge price drops on all of them. (source: https://medium.com/circle-blog/asset-delistings-on-august-2nd-bff3018c6555 )



Do you think those coins will ever get to their previous value? Is it a good time to buy them for cheap? I mean some o them are solid projects present in crypto space for a long time.

[sedahan13]

The future of these all altcoin will be depending on the their team developer, if after this delisting from Poloniex , they has plan to list in other bigger exchange like Bittrex and Binance, the price will be possible to going up more. Because price of altcoin also will be depending on the in which exchange they will listed and the development will be continue by their team member or not.

[MadGamer]

Well, that's the warning '2nd of august'. Unless another exchange decide to list them before the de-listing occurs, no, I don't see them going up again and in that case, I definitely don't suggest investing.

Regardless of how long these projects existed, unless it has a use-case and a purpose, you shouldn't invest in it, don't follow the hype.

[RNGfight]

I think in the current situation, it's a very dangerous thing to invest in these tokens.
Because these tokens have lost liquidity, no one wants to invest in them, they have lost trust.

[cryptoherr]

I have not used poloniex since quite a while so i do not really care. in my opinion binance is by far one of the best and easy to use exchanges at the Moment !

[isaevArb]

Price drops are normal for such situation. Nobody wants to hold coins that will cost nothing in a while so they sell by market price which is dropping because of bad news. If you like some of that projects - maybe it is good time to buy some more coins, but be careful - I recommend you to wait a bit more because not all holders got these news, maybe we will see dipper price

[sud]

TBH I haven't logged in Polo for over a year (since their withdrawal problems last summer), until yesterday when I've read about those news. Also 7 out of 9 mentioned coins (except XVC and RIC) are tradable on Bittrex, so there is still market for them. Unless Bittrex decide to delist them too, due to lack of volume or anything else.

[passwordnow]

Luckily I don't have those coins and this isn't a problem to me and also I haven't used Poloniex for a very long time.

Do you think those coins will ever get to their previous value? Is it a good time to buy them for cheap? I mean some o them are solid projects present in crypto space for a long time.

You only but those coins if you really believe on how those coins gained value but this one factor of being delisted, will surely make the price lower.

As a trader, it's a good buy if it goes bottom.

[Valzador]

Do you think those coins will ever get to their previous value? Is it a good time to buy them for cheap? I mean some o them are solid projects present in crypto space for a long time.

In addition to BlackCoin, I do not see any potential for other coins to return to their highest prices due to the lack of demand anymore.

[Slimztee]

This is the problem with some projects in the cryptoworld, some of these developers do little or nothing after the ICO and exchange listing to further advance the project and coins in the hands of investors. Some don't even have real life application or use case. In the end, the trading volume drops and as such these have no option than to delist them.

[hohuan101]

So Poloniex decided to get rid of some alts "that either do not align with the framework and/or exhibit limited trading volume for an extended duration of time", without any warning. Here is the list: FLO, FLDC, XVC, BCY, NXC, RADS, BLK, PINK, RIC. As always, we saw huge price drops on all of them. (source: https://medium.com/circle-blog/asset-delistings-on-august-2nd-bff3018c6555 )



Do you think those coins will ever get to their previous value? Is it a good time to buy them for cheap? I mean some o them are solid projects present in crypto space for a long time.

Although the deletion caused the coins to drop significantly, their prices would later be based entirely on the developers. So if you find that their team is reliable, go ahead.

[hohuan101]

I think in the current situation, it's a very dangerous thing to invest in these tokens.
Because these tokens have lost liquidity, no one wants to invest in them, they have lost trust.

They are indeed dangerous, but if you make the right choices, you will achieve desirable profits. And  no one wants to invest in them is wrong. Do not say like that

[yslyv]

it is very regulat that poloniex delist some altcoins. and unfortunately the prices start dropping before they announcing the delisting. if you are a regular trader and holding those altcoins it is very possible to be late to sell them.

[krassy]

How can the exchange stop trading coins and exclude them if they are paid to place these coins? Is that possible? Maybe it is better to allocate a special trading platform for these useless coins....

[reversemartingale]

there is an anouncement before the coins will be delisted.. its not only polo that is delisting coins other exchanges too do that if they dont have good volume. delisting a coin means maybe adding new promising ones

[vit0z]

They should now have more altcoyins. Absolutely the stock exchange became bad. They also bought Circle, I thought it would be development.

[bittraffic]

Can't do anything if they delist the coins they think are not going to make them more money. They did that before, those coins are not dead by the way but yes they delisted them. If you own some of it and you keep trading in polo, I guess you're luck to have the chance to withdraw it and move to another exchange to go on. Those are not healthy altcoins I guess, I once have those blackcoin and RAD, I  dumped it all too.