Bittrex delisting XMR, DASH and ZEC. Will this affect Bitcoin?

[TheBeardedBaby]

More and more privacy is taken away from us.

XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?

https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21

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[jademaxxiss012]

If I were to manage or run an exchange. I would.not delist existing coin because whether it has bad reputation or not itn would still contribute to the businesss income. Besides, let the coins also give a chance to correct whatever problem and issues it made. Instead of delisting it all coins should be supported or maybe they have the other reason why they wanted the coins to be dump?

[pixie85]

Bittrex has such a bad raputation these days that it shouldn't be a big deal.

I guess it is a concern for altcoins because people are afraid of a chain reaction like when exchanges begun to delist BSV but there's not enough trading going on on Bittrex to affect Bitcoin's price.

I like privacy coins but being selfish and heavily invested into BTC, I wouldn't feel sad if people moved their money to Bitcoin.

[TheBeardedBaby]

Well, well Binance will do it too and all privaty coins will be desisted:
Hope is just temporary but when the things get to be that big there will be regulations.


Source:https://twitter.com/joe_baldwin/status/1345075158743019520?s=19

[Rengga Jati]

Umm, what is the main reason behind this delisting? I doubt it is a political issue. 
By the way, if it is not big news related to the crypto market as a whole, it shouldn't impact much in Bitcoin price. I am sure if Bitcoin can continue to increase even if there will be a delisting issue for XMR, DASH and ZEC. We already have a delisting issue for XRP but no impact on Bitcoin price. So why we must be afraid of the current delisting issue? 

[Ryker1]

Well, I thought only XRP was delisted on Binance but sad to know that there are also 9 altcoins that were delisted. I don't know what would be the effect of the bitcoin price but these privacy coins are not a big deal to bitcoin because there are too many altcoins that supposedly a replacement to them. Perhaps, my assumption is bitcoin price will pump up because those investors of that altcoin will surely move to bitcoin or either in ethereum which is a perfect move to them.

[GreatArkansas]

This sad news is kinda the same with what happened on XRP about SEC issue, a huge dump also happened.
Bittrex and followed by some major exchanges just Binance, I think the dump will still continue just what happened on Ripple.
I am very thankful I am already done looking forward to covert my Bitcoin to some privacy coins, just like XMR and ZEC.
Having this issue, being a good privacy coin of Monero and ZCASH will no effect, I believe these privacy coins are quality and still useful.

[Kemarit]

Probably XMR, DASH and ZEC investors ->> BTC? it's going to be a win win situation for us.

But I'm not really sure though, those investors or at least crypto enthusiast who is more privacy oriented are using those privacy coins so maybe they won't be sold on going full BTC.

I will only assume that those exchanges that are de-listing this privacy coins might be push by regulatory bodies and pressure to removed them.

[Darker45]

They're not really taken away from us. They failed to break these privacy coins. They are now resorting to other means of hopefully bringing them down. And just like their past attempts, and even huge bounty on cracking Monero, these recent steps wouldn't make these privacy coins worthless. As a matter of fact, all these attempts from government authorities are actually adding more weight to these coins' existence, making their arguments more valid than ever, although they also push them underground.

I don't think it will affect Bitcoin's price.

[hatshepsut93]

No effect of course, Bitcoin is not a privacycoin, duh. The interesting part will start when or if Bitcoin will adopt privacy enhancements in its protocol. It will largely depend if they will be opt-in or not. If it's opt-in, then it will be a lot like Coinjoin - some exchanges will ban it to comply with KYC/AML laws. But if Bitcoin will become a full privacycoin, it will be a matter of time before big governments will start banning it. That would mean goodbye to high prices, giant hashpower, big network of nodes, potential for mass adoption, etc.

[bL4nkcode]

This will only affect all the privacy coin listed on US-based exchange though some exchange might follow but it just that. More people will still use privacy coin.

Since a privacy-coin user will always use a privacy coin no matter what happens especially if the government make a move against it.

[charlesmichel1]

It may affect Bitcoin, but it's early to draw any conclusion. One can assume that after delisting privacy coins Bittrex' customers will switch to Bitcoin, so the price will go up.

[Jawhead999]

One can assume that after delisting privacy coins Bittrex' customers will switch to Bitcoin, so the price will go up.

I don't think so, much likely they will switch to other exchanges that still allow to trade privacy coins or use DEXs. Even though all CEXs will delist privacy coins, they will not become deadcoin since they can still can be traded on DEXs (but the problem is pretty low volume on there).

It's between less or nothing affect on Bitcoin since I don't find any correlation between XMR, DASH and ZEC with pseudo-anonymous coin, those coins only affect on another privacy coins [1] https://www.coingecko.com/en?category_id=privacy-coins&view=market

[JohnBitCo]

More and more privacy is taken away from us.

XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?

https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21

There will be no effect on the bitcoin price if exchanges delisted them. People will sell these privacy coins and move their money into bitcoin which will make bitcoin more stronger. We have seen price dump in these privacy coins and it will continue as more exchanges may take similar steps. Bitcoin dominance may further increase due to this.

[Argoo]

Well, I thought only XRP was delisted on Binance but sad to know that there are also 9 altcoins that were delisted. I don't know what would be the effect of the bitcoin price but these privacy coins are not a big deal to bitcoin because there are too many altcoins that supposedly a replacement to them. Perhaps, my assumption is bitcoin price will pump up because those investors of that altcoin will surely move to bitcoin or either in ethereum which is a perfect move to them.

Regulation of cryptocurrencies by states will only intensify over time. Especially in this matter, the United States and its SEC stand out, which has already become the cause of many scandals with cryptocurrency. An attack on coins with a high degree of anonymity was inevitable. However, there will always be exchanges and states where Monero, ZCash, Dash and other anonymous coins will feel safe. Because there will always be a demand for these coins.

[vranaa]

These news are really crummy for investors who have these crypto in profile like me. I am confused what to do now, hold or sell as I have some portion of my portfolio invested in XMR, DASH, ZEC & XRP, or it is too late to sell. 

[traderethereum]

I only think about it will affect bitcoin price because when those coin investors try to sell their coins at once before it is delisting, they will move their money to bitcoin and if that so, maybe that can lift the bitcoin price to increase higher.
One by one, the coin is delisted from the exchange.
I think the government has forced the exchanges to delist the privacy coins such as XMR, DASH and ZEC without telling their reason to do that thing.
The crypto market will refresh with a new coin listing on the exchanges, and it will be different from the last years.
If this can bring a better situation to the crypto market, then the delisting will be worth to do, but if it's not, I do not know what will happen to the crypto market.

[btc_angela]

It only curtails privacy coin, so we can call that there will be no effects. But the question is if those investors liquidate, where are they going to move their capital? then the answer could be bitcoin. So that's where the market will benefited to say the least. And as far I can remember,

This is 2019:

[1] South Korea’s Upbit Becomes Latest Exchange to Delist Privacy Coins.

[2] OKEx Korea Reviewing Decision to Delist Privacy Coins Zcash and Dash.

So there is already a precedent.

[mich]

If anything at all I think this is very good news to see these exchanges desisting privacy coins XMR DASH and ZEC. 
If people are selling the coins for Bitcoin, thats even better. Now we can all hope that hodlers of these coins will exchange these coins for BTC and pump into the marketcap. 

[masterrex]

That was expected because of the SEC pressures from those platforms that were based or have a business operation in the US territory, the Monero's privacy-centric features were considered by US SEC and other agencies as a potential threat to their operation because of its superb privacy function. and we are not surprised if many other exchanges will follow that move sooner or later.