Altcoins delist and Bitcoin only

[yohananaomi]

I also think so, but every crypto has its own function. It's a lot to say that the fore only Bitcoins survive this because Bitcoin is the King of crypto. But another altcoin I think there is also like Ethereum that works as a virtual machine that can run a peer-to-peer smart contract with a cryptographic cryptocurrency ether (ETH).

As long as many projects are still growing and people want to invest in them, it is certain that many will continue to grow new altcoins. although maybe later altcoin that can not develop by itself will disappear from circulation. bitcoin and ethereum will clearly continue to appear, because both have complementary functions for the growth of the new altcoin. so I believe not only bitcoin and ethereum are still there.

[1713393047]

1713393047

[1713393047]

1713393047

[1713393047]

1713393047

[Kotone]

Some crypto actually are needed to perish cause of there platform objective. Typically thousands of new altcoin projects are primary derivatives of bitcoin usage. If you were an investor would you trust something new compared to the prominent and known coin already? Some would be yes but foe those legit investor they will playsafe and put on btc alone.

[Reid]

This better explain it.

https://blog.coinfloor.co.uk/post/189719817726/coinfloor-sets-eyes-on-bitcoin-only-services-from

I love what he is doing. We are looking at a pure bitcoin enthusiast by now.
He stays at his path or how his path was created since the start of bitcoin discovery.

Although it is good to have a competition, what he is saying might also be right.

“Since I first came across Bitcoin in 2011, I have seen it grow to become a mature proven currency. No other cryptocurrency currently comes close to Bitcoin’s track record, industry support, or brand recognition, so focusing on Bitcoin made perfect sense. Bitcoin is the dominant decentralised, value-driven, and inflation proof cryptocurrency, which gives it the potential to become the best form of money the world has ever seen”.

[TitanGEL]

There are altcoins that are been delisted because of the low volume in the market. It is a reality that there are only few coins that habw potential to survive in the market. If we will buy an altcoins, make sure it is liquid where there are many people who will patronize it. All of the altcoins that are been delisted are illiquid and they have no market participants where there are no buyers and sellers in the market.

[crossabdd]

The safest crypto currency is Bitcoin. so it's natural coinfloor delist ethereum. although ethereum ranks second in the crypto trade, it is inevitable. that ethereum has many problems that must be resolved. and it was not for a short time. for the safety and comfort of members on Coinfloor, the policy to protect members is carried out by delist ethereum and full focus on bitcoin. I think that's a good step.

[riskyron]

Anyway, it was kind of brave of the CEO of Coinfloor to abandon all the coins except Bitcoin. I respect this decision and wish them good luck

[Edraket31]

As per them, they will still bring back the Ethereum once it is proven itself, maybe they are aware that the founder of Ethereum is really holding a lot and they knew that Vitalik sold some of tokens at peak price, that's why, we really don't know the real reason for their statement that unless it's 'proven'.

Anyway, this  is a good chance for the Bitcoin to grow more in their country.

[coin-investor]

Some services here in crypto only trust Bitcoin then they not use Altcoins now like example in Faucethub that very useful and helpful in the past with different cryptocurrency but base in government restriction then they can only run with Bitcoin and not Altcoins then now i read this news so i want to hear your opinion about this because i think in future we can only use Bitcoin

https://cointelegraph.com/news/coinfloors-ceo-explains-decision-to-delist-all-crypto-but-bitcoin-to-cointelegraph/amp

That is a bold move, Etherem and Bitcoin cash are two coins that are profitable and with good volume in other exchanges, I doubt if the big exchanges will follow their lead, each coin has followers and community if they cannot include some coins they can trade in other exchanges this is a bold move so we'll see if it benefit the exchange.

[btcdie]

However altcoin is still needed, but which only has potential, my assumption is that bitcoin cannot live alone, surely it still requires altcoin as a form of revision of blockchain technology, such as the example of ETH with its smart contract. if altcoin volume is low, liquidity is low and there is no market to sell / buy, altcoin like this is what we kicked away and do not approach them.

[totoy4741]

Bitcoin has already made its mark as it is the first major coins out in the cryptomarket then altcoins followed spearheaded by Ethereum and other major alts. Some other altcoins might been delisted because they have not been making any progress and remain stagnant while are have not been able to recover due to the increasing number of other with so much potential and more valuable than others.

[biddicoin]

This is unusual decision, I never knewn exchange like this one before
this decision can make profit of exchange decrease, bcz one of source of exchange income is from trading fee

more coins can make more trade too, if there is only one coin, it means lower profit from trading fee
but, whatever is that, I hope this would be good decision.

It will be like a wallet, no longer a exchange as its only bitcoin and the only thing they can do is to convert it. It's really unusual. There are people who no longer believes in alts as many do exit scam or already lose in value. 

There are many scam altcoins, But there are good altcoins too
what the exchange does is generalizing that all altcoins are scam by not including them in the exchange

It can also because of the fact that alt prices moves depending on bitcoin performance.

remember that exchange made for buy and sell coins/ tokens. so, traders/ investors just wanna earn money from trading or investing
no matter the coin/ token depend on others coin or anything else.

[jets567]

Bitcoin already gain trust in crypto community since its the first fully decentralized cryptocurrency and that's why many platform only accept Bitcoin because they knew many people are using it compared to other altcoins but I don't see any good reason why they should delist all altcoins because some of them are still useful and have been improve for the past couple of years.

[South Park]

Some services here in crypto only trust Bitcoin then they not use Altcoins now like example in Faucethub that very useful and helpful in the past with different cryptocurrency but base in government restriction then they can only run with Bitcoin and not Altcoins then now i read this news so i want to hear your opinion about this because i think in future we can only use Bitcoin

https://cointelegraph.com/news/coinfloors-ceo-explains-decision-to-delist-all-crypto-but-bitcoin-to-cointelegraph/amp

I really think that this is not the last time that we hear something like that, people are losing their faith in altcoins even in the good ones, we are seeing more businesses accepting bitcoin and only bitcoin, they do not care about altcoins at all so I really think that we are headed to a future in which we may have thousands of coins but no one cares about any single one of them and at most they are going to care for bitcoin and maybe ethereum and that will be it.

[ichsan ardi]

Some services here in crypto only trust Bitcoin then they not use Altcoins now like example in Faucethub that very useful and helpful in the past with different cryptocurrency but base in government restriction then they can only run with Bitcoin and not Altcoins then now i read this news so i want to hear your opinion about this because i think in future we can only use Bitcoin

https://cointelegraph.com/news/coinfloors-ceo-explains-decision-to-delist-all-crypto-but-bitcoin-to-cointelegraph/amp

probably, probably not , but who know ? since btc is the big star of crypto world , but it doesn't mean we will avoid another altcoin such as ETH,NEO,XMR, etc.

[DarkDays]

Well, I've never seen an exchange delist Bitcoin—have you? Even major altcoins like BitTorrent, DigiByte, Bitcoin SV etc have been delisted from exchanges, while Bitcoin remains strong.

I actually believe that if there was some sort of voting system to see which altcoins should be delisted from exchanges, practically all coins originating from an ICO or IEO would be removed.

This, in my opinion, would actually improve the strength of the market, as it is far too diluted right now—making it hard for strong assets to grow when the parasitic shitcoins are so prevalent.

[jossiel]

It's actually a good move for coinfloor if all they want is to delist all the altcoins that they have. This ain't something that is going be a big news though but this is a nice starter and initiative.

There's the part that they may get list Ethereum as per article.

Exactly, so I'm not surprised by this move, although there are good alt coins to be begin with, but obviously BTC is the most traded currency. And with the worsening market conditions, it's just about time that many of those shitcoins gets delisted.

Yeah.

They are eradicating the coins that are looking just as a display to their exchange. They should have done this earlier so that the reputation of their exchange will get a boost by providing a bitcoin market which is going to be open for everyone.

[wajik-tempe]

I also think so, but every crypto has its own function. It's a lot to say that the fore only Bitcoins survive this because Bitcoin is the King of crypto. But another altcoin I think there is also like Ethereum that works as a virtual machine that can run a peer-to-peer smart contract with a cryptographic cryptocurrency ether (ETH).

Yeah every coins has it's pros and cons and we cannot all altcoin will be delisting on exchanges, as long as the coin has it's demand and the community still support the coin and also the team of the coins always developing it, i'm sure it will last long in the market except a coin that has not clear background and the daily volume is under 10k USD

[bitgov]

Of course, all existing altcoins will not be able to operate in parallel on the financial market. 99% of them will simply disappear. However, some of them will definitely remain and will have their part of cake on this market. I do not understand the decision of the owner of this exchange, because it will definitely reduce their income. However, in the future we will definitely use at least a few Altcoins.

[andika2018]

I also think so, but every crypto has its own function. It's a lot to say that the fore only Bitcoins survive this because Bitcoin is the King of crypto. But another altcoin I think there is also like Ethereum that works as a virtual machine that can run a peer-to-peer smart contract with a cryptographic cryptocurrency ether (ETH).

Yeah every coins has it's pros and cons and we cannot all altcoin will be delisting on exchanges, as long as the coin has it's demand and the community still support the coin and also the team of the coins always developing it, i'm sure it will last long in the market except a coin that has not clear background and the daily volume is under 10k USD

Agree, coins that only have small transactions under $ 1000 per day will gradually be delisted from the market or exchanger. But altcoin which has a large community and has a large market cap value in my opinion will still continue to survive and may be a profitable investment

[bgaf]

The safest crypto currency is Bitcoin. so it's natural coinfloor delist ethereum. although ethereum ranks second in the crypto trade, it is inevitable. that ethereum has many problems that must be resolved. and it was not for a short time. for the safety and comfort of members on Coinfloor, the policy to protect members is carried out by delist ethereum and full focus on bitcoin. I think that's a good step.

Youre kidding right? How come the second market cap and one of the potential altcoin like btc to delist this project? If this happened and the market will probably crumble, many projects rely on eth network and doing this can ruin the entire marketcap. There are plenty of shitcoin out there and ethereum isnt included on the list mate. Many also like the scaling and tokenization of eth.