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Author Topic: what to do, if an exchange disables trading for certain currency?  (Read 613 times)
firacc28 (OP)
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March 14, 2019, 09:40:51 AM
 #1

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?
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March 14, 2019, 09:45:49 AM
 #2


You have nothing to do against delisting ... Look for another exchange or try to trade your coin  P2P with other users

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?

Don't look back in anger
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March 14, 2019, 10:38:59 AM
 #3

There is nothing you can do, unless you can find some other exchange, possibly a decentralized one, where you can trade it. As stated on the coinexchange.io exchange website, they tried to contact the dev team and no one responded.

Quote
The Crimsoncoin (CRMSN) currency will be delisted on 27-03-2019
CrimsonCoin is being delisted. The coin appears to be abandoned. We have attempted to contact the developers but we received no response. The market will be halted on the 27th of February and the wallet will be disabled on the 27th of March.
Source: https://www.coinexchange.io/market/CRMSN/BTC

It seems it is practically a dead coin.
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March 14, 2019, 10:40:36 AM
 #4

Twitter[1] is dead, and their GitHub repo[2] is dead. You're pretty much holding a worthless coin now. Might as well leave it there to rot.


[1] https://twitter.com/crimson_ceo
[2] https://github.com/CrimsonDev14/crimsoncoin

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March 14, 2019, 10:44:26 AM
 #5

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?
Just withdraw it to your wallet. If its long term hodl than wait for listing on another exchange (as i see its not listed anywhere now) or try to sell it on bitcointalk if you want to get rid of it
If its not shitcoin (it looks like it is) perhaps someone would buy it. If not there is nothing else to do.

unless you can find some other exchange, possibly a decentralized one, where you can trade it.

Well. Its not etherum token. Its coin and i don't think that any decentralized exchange support this blockchain.

Might as well leave it there to rot.
Might be the best idea. At liest you won't download any malware with its wallet.
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March 14, 2019, 12:25:25 PM
 #6

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?

yup, just p2p
delisting is a one-end thing unfortunately
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March 14, 2019, 12:47:16 PM
 #7

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?
Make sure to withdraw everything and install a wallet that can be compatible with this coin, as you don't have any other options since the exchange
decided to removed this coin inside their exchange, while waiting for new exchange try also to review the project if they still have future plans for
continuing this project.

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March 14, 2019, 01:07:31 PM
 #8

it is too late to ask what to do, you should now start asking what you should have done so that you can learn about the mistakes that you made here and then in the future don't repeat them. that is the only way you get better at trading and start earning real profit.

mistakes:
- buying an altcoin that has been obviously useless.
- bigger mistake: bag holding that garbage instead of dumping it when it was the right time during its pump.
- continuing to bag hold that garbage even when the market died which was obvious from the decreasing price and non-existent volume
- continuing to bag hold that garbage even when the exchange warned you about them delisting it.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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March 14, 2019, 03:54:39 PM
 #9

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?

Where have you been during the last one and a half year? Didn't you check your assets regularly during that period? Just curious why do you worry about this recently while the project seems to be dead long time ago with no updates from the developer.
If I'm on your position, I'll just withdraw it into personal wallet (if any). If the wallet is not even working anymore, simply leave it and move on to other coins which has better potential to hold.

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March 14, 2019, 04:21:48 PM
 #10

I guess another shit coin like sic. When an exchange removes a coin from there site, that is a enough red light that all isn't well with the team. I suggest you withdraw to personal wallet if it is compatible, then you forget it & move forward.
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March 14, 2019, 05:06:14 PM
 #11

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?
You can look for announcement from the particular exchange where you want to trade about when the trading begins,if there is nothing means you can't do anything about it just hold and it looks like a dead coin so no point of holding too.

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March 14, 2019, 05:54:48 PM
 #12

It looks like some coin that the team has abandoned since they have not responded. You can't do anything if the coin has been taken off exchange. Forget it and keep going.
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March 14, 2019, 07:32:37 PM
 #13

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?
Try to find exchanges or wallets that really support the coin if everything is possible and still have a way to do it like that if you can't, it is at your own risk because there is no way if you will close everything, plans for the future are more careful in choosing something from coins or from exchanges, whatever the type, don't hold junk coins, it's just a waste of your own time.
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March 14, 2019, 07:47:30 PM
 #14

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?
WIthdraw it before delisted. Usually people do that thing. Because you can loss your coin if save in delisted market. For sure check what exchanger still support it, if there are no exchanger left, sell it. Both decision make you loss your investment. But it is risk.

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March 14, 2019, 07:48:07 PM
 #15

Even coingecko delisted this coin(crimson) it looks like a shitcoin with no value they selling it for 1 sat. I'm sure devs have no budget to be listed it to other exchange.

So, if you coin still in coinexchange.io transferring to an official wallet is not possible because this project is totally dead and I am sure no one can save this coin because even the developer is dead.

Try to find exchanges or wallets that really support the coin if everything is possible and still have a way to do it like that if you can't, it is at your own risk because there is no way if you will close everything, plans for the future are more careful in choosing something from coins or from exchanges, whatever the type, don't hold junk coins, it's just a waste of your own time.
No, I tried to find a wallet but there is no wallet from their GitHub it seems they have just created this coin for churn and burn.

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March 14, 2019, 10:17:52 PM
 #16

Twitter[1] is dead, and their GitHub repo[2] is dead. You're pretty much holding a worthless coin now. Might as well leave it there to rot.


[1] https://twitter.com/crimson_ceo
[2] https://github.com/CrimsonDev14/crimsoncoin
Exactly, and that’s why it will be delisted. Now you can’t do anything about it now since the coin is not active anymore, not unless you still find some trading sites where that coin is available. If its just a small amount better to move on and learn from this mistake, that coin is totally useless not unless the dev has something to say on this.
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March 16, 2019, 05:23:04 PM
 #17

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?
I think before an exchange delist a coin, they announce the delisting of the coin 1 month before the coin is being delisted, so I don't think it is a big of an issue, all you need to do is to find a way to dump the coin for another crypto coin that will not be delisted, maybe you can swap for either BTC or ETH or better still you can as well check on coinmarketcap to see which other exchange that the coin is being listed and not delisting soonest and then send your coin to that exchange if you must trade the coin.
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March 16, 2019, 06:14:41 PM
 #18

Coinexchange has a great history of listing absolute shitcoins and delisting them when bag holders reach a certain amount, they probably getting good percentage of all the funds from users that fall for their trap considering they are doing this same thing over and over for years now.

Not sure how exactly they are operating but I can guess, they probably create a reasonable amount of fake volume for these shitcoins when the trading starts for them and other users thinking there are users actually buying that for 1 satoshi(for example) and the poor user probably thinks that's a good idea to buy it at one sat and sell it at 2 sat, and 2x his total funds, so he buys it but what happens is sell orders at 2 sat accumulates so then the user change his sell order to 1 satoshi (if the user is late there can be huge amount of sell orders even at this price), but no one is buying (because both: 1. The volume that is showing buy orders going through are fake ; 2. Real users by seeing that huge amount of sell orders at 2 satoshi will change his mind about buying;

So at that point what will happen is the user will be stuck with that shitcoin that doesn't have any value whatsoever, but the user probably has some hope even then that the order still might go through if the volume comes back, but nahhh , what happens in reality is some days or months later Coinexchnage will release an announcement that the referred shitcoin is getting delisted from there, so they tell you to withdraw your shitcoin to your personal wallet and 99% of the time that coin is not listed anywhere else so selling anywhere else is not an option either.
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March 18, 2019, 12:55:35 PM
 #19

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?
Just withdraw it to your wallet. If its long term hodl than wait for listing on another exchange (as i see its not listed anywhere now) or try to sell it on bitcointalk if you want to get rid of it
If its not shitcoin (it looks like it is) perhaps someone would buy it. If not there is nothing else to do.
Common man, bitcointalk is not a dumping site for dead shit coins, how will he be able to do that, it will also be unfair to take advantage of newbies here on bitcointalk that knows nothing about the deadcoins, he should just keep holding the coin till one day, something miraculous happens that will make the coin come back, it might also be a paused project, hopefully the will resume it once the time comes.

I also have lots of delisted coins in my Binance, I usually overlook them once I get to my wallet, I wish it was possible to filter them on Binance so I don’t keep seeing those shit coins again.
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March 18, 2019, 01:06:35 PM
 #20

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?
This is really a problem. altcoins with no potential to die like that and other exchanges do not want to help it.
I think you should wait and sell for those who want to purchase bad altcoins.

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