Poloniex Delisting 23 Trading Pairs, Whats The Effect?

[MOProgress]

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

[cytpoway121]

I do not think the delistment can have further effects
The token are being delisted due to close to non existent trade or orders for it
Thus; the trading pairs are better cleared off to avoid distraction on other contending pairs

[Lanatsa]

Do you think this will have any negative impact on those coins?

Mainly affected for those coins who do have only Poloniex the place where they are being traded on but for those coins who still have other exchange then I don't see for it to be heavily affected.

Delisting is just freeing some space for newer ones and this isn't something new.If a coin doesn't have already have much volume then its normal for exchangers to delist them up and letting the new comes in.

[bkbirge]

A lot of those are already dead anyway, they just won't admit it. The delisting is just the funeral service for the already departed.

[Eadefemi]

I do not think the delistment can have further effects
The token are being delisted due to close to non existent trade or orders for it
Thus; the trading pairs are better cleared off to avoid distraction on other contending pairs

This is just about the reason. What effect can it possibly have? Or may be the exchange will close down because of that? I do not think so. Most projects in exchange do not have significant trades and volumes and its understandable enough to clear them off and accommodate better and good projects.

[ife2020]

A lot of those are already dead anyway, they just won't admit it. The delisting is just the funeral service for the already departed.

I see this as the blunt and sincere truth

The otherwise situation is if those trade pairs are trading in another exchange with significant daily volume and orders; other than that

Such tokens are off already

[Bonwin]

Some exchanges still have high volume of those coins that have been delisted. Investors and traders might have lost interest in trading such on Poloniex, but does not means there are no other places where the coin cannot be bought or sold.

[Krislaw]

Do you think this will have any negative impact on those coins?

I thing negative impact haven't. it will be positive be happen to crypto, because they filter of kind what are best and usefull for us

[Catmurs]

poloniex has long lost competition among exchanges , this exchange needs to develop and it is stuck in early 2017 and adds nothing new to the exchange , so I think nothing will affect the market.

[Kemarit]

There could be be a huge impact on them, specially losing on an exchanges such as Poloniex. There could be a lot of reasons though for delisting, such as low trading volumes, no active developments of the project, or it is simply abandom by the people behind it. So I'm sure that those that they have deliisted are dead coins so the price will be dramatically impact. However, who cares, its dead anyways, so if you are a holder of the coins that are going to be delisted, it's either you moved on other exchanges that still listed them or just dump everything, take a loss and move on.

[WalkerIVIV]

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

I don't even think the delisting pair that will be made by polo will give an impact to the crypto. polo is a crap exchange site with very low volume and that will not give impact to the crypto market but a little bearish trend looks possible to consider about more coins will be lost its volume from polo.
You should not worry about that dude.

[SvonioneFromMangoCoinz]

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

they only delist low-volume alts and this does not affect Poloniex's liquidity too much and the alts will be delist.
This delist is meant to clean up junk for exchanges and retain those high volume trading alts.

[Maxre]

of course the effect is very good on poloniex exchanges because they will eliminate dead coins and only trade altcoins that are actively developing.
of course this will make them a very selective exchange for choosing to enter exchange poloniex.

[ethereumhunter]

Yeah, I read that news too. I think that will impact the price to go down with fast because people would not hold the coin any longer, but maybe I am wrong because some of the coins that will be delisted are a good coin and have potential to increase. So I think we need to wait and see what will happen in the poloniex. Besides that, the delisted of the coin is not happen in the bitcoin pair, so I think the bitcoin pair will be fine.

[d_fitrie]

Delisting is common in exchange if it does not meet the requirements due to low trading volume. Unfortunately, the list of delisted coins is a good and potential coin, but the impact of delisting on Poloniex has no major effect

[tranthidung]

When coins delisted due to low trading volume for long period, it means that they are nearly dead coins. However, if you look deeper, you will see that some of those upcoming delisted coins will still be listed on Poloniex, in BTC trading pairs. Most of them have low volume, but more importantly they will be delisted in non-BTC trading pairs first, on Poloniex. Those coins will be not entirely delisted from Poloniex, so there is no serious issues for them, at least with the coming delisting wave.
Major of delisted pairs are in XMR and ETH pairs.
In the past, long time before delisting announcement, those pairs contributed little volume to those coins total volume on Poloniex. I meant delisting or not does not affect total volume of those coins on Poloniex.

We will be removing the following trading pairs on August 16, 2019, due to low volume. Each independent asset will continue to be tradable:

LTC/XMR, DASH/XMR, ZEC/XMR, MAID/XMR, NXT/XMR, BCN/XMR, LSK/ETH, GNT/ETH, MANA/ETH, QTUM/ETH, STEEM/ETH, OMG/ETH, LOOM/ETH, SNT/ETH, CVC/ETH, KNC/ETH, GAS/ETH, BNT/ETH, LOOM/USDT, SNT/USDT, KNC/USDT, BNT/USDT, FOAM/USDC

[p2pclub]

I think both ways. Because, we have tons of coins per day. But, in the long-term, one year or more, we will see the truth.

So, if you want to know about one Altcoin, the time will answers. Keep out that short term buy/sell

[bartolo]

Major of delisted pairs are in XMR and ETH pairs.

We will be removing the following trading pairs on August 16, 2019, due to low volume. Each independent asset will continue to be tradable:

LTC/XMR, DASH/XMR, ZEC/XMR, MAID/XMR, NXT/XMR, BCN/XMR, LSK/ETH, GNT/ETH, MANA/ETH, QTUM/ETH, STEEM/ETH, OMG/ETH, LOOM/ETH, SNT/ETH, CVC/ETH, KNC/ETH, GAS/ETH, BNT/ETH, LOOM/USDT, SNT/USDT, KNC/USDT, BNT/USDT, FOAM/USDC

That means that the problem is not exclusively those coins, but the fact that nobody trade them against other altcoins. I guess traders are only interested in BTC trading pairs. In respect of the effect this measure will have, I guess there will be a lot of speculation regarding the new coins that will be listed on the exchange.

[Vektrum]

I think it’s normal that exchanges delisting coins that have low trading volumes. Because many weak projects with their coins take their place on the exchange, but do not bring any benefit to traders and the exchange. The market is updated periodically, so do not worry about delisting some coins with Poloniex.

[flemmings02]

According to a report, Poloniex is planning to delist 23 trading pairs on Aug. 16.

You can see the full story here: https://www.cryptoinformers.info/news/10353-poloniex-to-delist-23-trading-pairs-due-to-low-volume

Do you think this will have any negative impact on those coins?

It is good move from Poloniex, I'm sure delisted projects are either dead or proven to be scam, It is going keep traders safe and more volume will be driven towards other trading pairs.