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

[Debonaire217]

IMO, it could impact Bitcoin in a positive way, imagine, delisting XRP which have a huge market cap, and what might happen is that, most of the hodlers of XRP will probably sell their XRP to Bitcoin and the market cap of Bitcoin will increase further. There's still a possibility that some holders will cashout their funds. On the other hand, I have read a news concerning XRP, it states that XRP will burn a portion of its supply and I think that will be good as lowering the supply will increase its demand and price. If people know this, they might go back and buy XRP again. Just a usual pump and dump that we can experience in XRP.

[pixie85]

So probably with all regulations that will take most of the privacy away and make it a near-impossible task to avoid taxes, this ain't going to stop the bull run.

The best thing about taxes is that we have the ability to move to another country and there's plenty tax havens to choose from.
It's possible to avoid them just not the way people thought it would be.

We'll see if money from altcoins will move to bitcoin but looking at the price of XRP vs Bitcoin right now it looks like this is happening. I'm almost sure that if all centralized altcoins were to die right now we'd have a huge pump on BTC.

[OcTradism]

The best thing about taxes is that we have the ability to move to another country and there's plenty tax havens to choose from.
It's possible to avoid them just not the way people thought it would be.

We'll see if money from altcoins will move to bitcoin but looking at the price of XRP vs Bitcoin right now it looks like this is happening. I'm almost sure that if all centralized altcoins were to die right now we'd have a huge pump on BTC.

The crypto market will not have only bitcoin and altcoins will be on the market for so long. Altcoins are created as forks from bitcoin then fork from grandfather altcoins. They are created to catch investment capital (in fiat or in BTC) and to steal capital of investors. You can consider them as tools to help whales steal fiat or bitcoin from most to a few.

But they, altcoins, will survive and exist on the market. I don't doubt about their future. They are struggling to break out and begin their alt season.
https://www.blockchaincenter.net/altcoin-season-index/

[bbc.reporter]

It appears the regulators are pushing anonymous coins to grey market exchanges without KYC and decentralized exchanges hehe. This will be their mistake hehe. This will cause the grey markets to grow as the demand for anonymous coins grow. Regulators should want them in compliant exchanges where they can monitor them.

[OcTradism]

It appears the regulators are pushing anonymous coins to grey market exchanges without KYC and decentralized exchanges hehe. This will be their mistake hehe. This will cause the grey markets to grow as the demand for anonymous coins grow. Regulators should want them in compliant exchanges where they can monitor them.

Yeah. You are right. They made mistakes like what the Chinese governement made and forced their companies to find many different ways to decentralized their operations and switch their operations far beyond of China mainland.

People always find out a way to make their lives better. I believe very strongly that anonymous or privacy coins won't die easy as that. It is an ignorance on the fact that they are true anonymous or privacy coins, I assume they are indeed. Governments are more stupid than their citizens and they only have power in hands to ban, restrict what they can not control on.

[kolesozw]

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

I don't think this will affect Bitcoin and major Alts at all.
Bittrex is delisting privacy coins due to tightened regulations and my guess is that most of the big exchanges will follow this move soon. This will affect only the price of the privacy coins thou.

[Betaj00]

After published this news the all coins price has dump and it is not good for all coins. When i see this news on Social media,  then i can't believe this news. This is really very bad news for XMR, DASH, ZEC  coins.   

[serjent05]

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?

If you are the owner of a business, I am sure you will do everything in your power to not have a conflict with SEC or any authority,  unless you are used to running an illegal business out there.  So I think it is expected for Bittrex to delis this kind of coins.

As for the effect on Bitcoin, I do not think that it will encourage Bitcoin market dump, instead, it can produce a demand for Bitcoin due to the traders converting these coins to Bitcoin.  Definitely, the price of these coins will suffer but I don't think it will have a negative effect on Bitcoin.

[beckettsaim]

I do not see any reason for this delisting to affect bitcoin. There is just no need to assume such things.

[traderimage]

IMO, no we're just weeding out a few bad eggs

[Quidat]

IMO, no we're just weeding out a few bad eggs

Whom you do consider as few bad eggs? Those exchanges or to those Privacy coins that had been delisted? I dont see for this issue or situation
could really affect bitcoins price or the entire market because even though its delisted into some exchanges doesnt mean that we would completely stop
on engaging on those coins totally.We cant deny when it comes to anonymity then nothing beats out XMR,DASH and ZEC towards this and
you would normally seen these events for those platforms who had been mandated or on where government intervention do happens.

[menoiazei]

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

[hv_]

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

There is enough privacy

What you might seek is crimimal? anonymity? Thats never ever happen sustainable

[hayden.blank]

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?

I totally agree 👍👍 This projects arent shitcoins like the other cryptocurrencies that is currently existing in the market.. Anyways, I dont think this will affect btc tho just like what happened to XRP it will only the prject itself

[menoiazei]

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

There is enough privacy

What you might seek is crimimal? anonymity? Thats never ever happen sustainable

Anonymity don't mean criminal...

[MrMPy]

I am not surprised that this is happening 

[hv_]

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

There is enough privacy

What you might seek is crimimal? anonymity? Thats never ever happen sustainable

Anonymity don't mean criminal...

For good average Joes privacy is all needed, also to ensure proper accountability and ownership.

We talk finance or what are you in?

Not sure who really asks for crappy ano not having some skewed agenda... Proof me wrong

[UmerIdrees]

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

Once bittrex was a good exchange but these days i have heard that their support is not good at all. Anyways, delisting of privacy coins or any other altcoin from the exchange will only effect that particular coin and it will have no impact on bitcoin and overall crypto currencies.

[MishaSER]

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

I've tried to find their comments about the delisting and haven't found it, they don't even explain why they do it. Ultimately, all exchanges will refuse (

[menoiazei]

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

There is enough privacy

What you might seek is crimimal? anonymity? Thats never ever happen sustainable

Anonymity don't mean criminal...

For good average Joes privacy is all needed, also to ensure proper accountability and ownership.

We talk finance or what are you in?

Not sure who really asks for crappy ano not having some skewed agenda... Proof me wrong

not sure what you mean by skewed agenda,
satoshi and the original developers choose to remain anonymous and I don't see something skewed there,
 anonymity can be something good also in some ways is what I am trying to say