Why are exchanges still listing shitcoins?

[Japinat]

The thing is one could see a certain coin a shit coin while the other does see the opposite, so we can't really conclude it's a shit or not.
Exchange list a coin which is not scam and they make money from the listing and the trading fee, that's their only concern, they don't list base on what people feel about it, they list based on its legality status so most probably we will see a shit coin/s in every exchange in the market.

[RapidsNetwork]

Some projects pay for them to be listed. While it seems some exchanges just look to add coins to pump value and cash out?? Who really knows

Hi Everyone!

I was recently browsing through Twitter when I saw BitMart list TSL. After digging around the internet for a while, I couldn't find anything. Not a website, github page, facebook page... nothing.

I wrote an article about this experience and I would love to hear what you think. Why do you think exchanges are still listing shitcoins? Do you think there are some advantages to having a bunch of shitcoins on an exchange?

Cryptocurrency Exchanges are Still Listing Shitcoins

I can't wait to hear your thoughts!

[Slow death]

Some projects pay for them to be listed. While it seems some exchanges just look to add coins to pump value and cash out?? Who really knows

this is a very complex topic. One day someone said that in the siacoin thread that everyone should sell siacoin because it would not increase in price, on the contrary the price would fall a lot in the coming months. that was the year ago. The people of the siacoin Thread were debating whether Siacoin was a shitcoin or not... but the fact is that the current price of Siacoin is at 24 satoshis, but in the past it reached 600 satoshi. I believe the biggest problem is whether altcoin will have any practical use or not.

[hahay]

Of course the platform and related shitcoin want profit which basically is a way to get their profits sooner or later, because even we realize that shitcoin will pump up prices at the very beginning until they leave the project until they have an impact on the loss of demand in the market. Nobody knows about their main goals and objectives, but at least when they have money to list their coins, there will always be an exchange willing to accept them.

[carlisle1]

Some projects pay for them to be listed. While it seems some exchanges just look to add coins to pump value and cash out?? Who really knows

this is a very complex topic. One day someone said that in the siacoin thread that everyone should sell siacoin because it would not increase in price, on the contrary the price would fall a lot in the coming months. that was the year ago. The people of the siacoin Thread were debating whether Siacoin was a shitcoin or not... but the fact is that the current price of Siacoin is at 24 satoshis, but in the past it reached 600 satoshi. I believe the biggest problem is whether altcoin will have any practical use or not.

that is why we must be practical about our investments ,not because many are talking good meaning that coin will make way up because the more people are pushing the topic the more the altcoin falls,i dont really know why is this the trend.

Siacoin is just like other coins that had reached the Top once but now is suffering from lowest value.

i think what needs here is for us not to use exchange that listing shitcoins and let us expose them when we find one so people will be aware of not using them.

[Meowth05]

I don't think exchanges will stop accepting shitcoins to be enlisted in their platform the fact this could be a profit for them. The payment for enlisting shitcoins is one of their income along with transactional fees therefore they won't stop it. There's no direct advantage of having these lots of shitcoins lying in the platform, however, it may apparently damage its credibility.

[Arcas]

An exchange destination just get how much payment fee received from listing shit coin, its looks worth they will accept and not care about for listing shit coin or not, just their ideas for earn much benefit from listing shit coin, during several months shit coin look bad they will delist from their exchange market, looks simple.

[JNvak]

Maybe these are shitcoins for you, but for some who is already a newbie, smaller coins (which could be still profitable), are the perfect way to learn and start trading. People don't use only BTC, you know?

[luckyflop]

Very simple, as long as you pay for the exchange then your project will be listed. I have seen thousands of bullshit projects created and they are listed in scam exchanges to deceive investors. I recommend you only focus on altcoins in big exchanges like binance, okex ... these are the best and safest altcoins in this market.

[TrevorS]

Maybe these are shitcoins for you, but for some who is already a newbie, smaller coins (which could be still profitable), are the perfect way to learn and start trading. People don't use only BTC, you know?

You yourself answered your question. Shit coins can be worthwhile assets only for beginners who do not understand or are poorly versed in the mechanism of the market.
In any case, it doesn’t matter how attractive the asset is in fact, if you are a beginner, it is very likely that you will make multiple mistakes when working with any, even the most reliable investment tool.

[Wintersoldier]

Hi Everyone!

I was recently browsing through Twitter when I saw BitMart list TSL. After digging around the internet for a while, I couldn't find anything. Not a website, github page, facebook page... nothing.

I wrote an article about this experience and I would love to hear what you think. Why do you think exchanges are still listing shitcoins? Do you think there are some advantages to having a bunch of shitcoins on an exchange?

Cryptocurrency Exchanges are Still Listing Shitcoins

I can't wait to hear your thoughts!

We all really hate shitcoins because it is really not profitable anymore and no one would like to buy it anymore. The reason why shitcoins are still listed in exchanges because they are still paying this exchanges for them to get listed, even it has no value anymore, that is why we can't do anything for shitcoins not to get listed in exchanges.

[krayzie32]

The exchanges list shitcoin for own profit. They can do whatever they want for their profit. I have seen on many exchanges list a shitcoin that does not even know the name, after listing, the coins are constantly dumped! Don't just blame small exchanges. Top exchanges also cheat retail traders by listing many shitcoin, with huge listing fees.Therefore, when listing any new coin/shitcoins on an exchange, before make trade you must verify yourself about project and team.

Exchanges like latoken or p2pb2b are places with lots of shitcoin and most of those coins have no liquidity, making it a lot of difficulties for many investors to trade. I think things are different now and everyone has become wiser in investing so shitcoin may no longer be of interest. Personally, I don't want these coins to cause investors to lose money but if they are not careful it is their fault.

[shoreno]

what you havent found . the coin or the exchange ? thats impossible if you cant find any info's with them not unless both of them are fake   .

only poorer exchange have the courage to list a shitcoin because they dont have really a good reputation to risk with plus in thier head , they can earn some cash if they keep on listing coins good or bad , they dont care  . but a good exchange will be verry picky upon listing a coin no matter what pay the coin can offer  .