Shitcoin games in exchanges

[EarnOnVictor]

-snip-
So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining

This is not peculiar to shitcoins, because, by the definition of shitcoins, I believe they are referred to as worthless coins, unlike the way people make many good coins look like shitcoins. However, what you explained is happening on all coin listings on exchanges, it is artificial, so it could happen on the listing of good coins as well where the coin on the exchanges' chart would indicate some dangerous peaks and bottoms.

Well, I am happy to tell you that you should disregard those peaks and bottoms, they are not real. I've witnessed Binance and top exchanges listing coins and tokens with dangerous bullish and bearish performances that are nonexistent. All you should take seriously in this regard is the present price of the coin/token and the current behaviours which I advice you to study for a long period before making a decision on the coin/token.

More importantly, it is good to research the projects effectively to know whether to buy them or not, and not rely on the nonsense chart representation on exchange platforms that has been inflated and deflated with no good explanation for it.

[jrrsparkles]

There Are many exchanges where exchange authority listed shitcoins only for money and later, they delist these as like responsible Exchange owner. Let's Have an example With MEXC Exchange! I saw some coins Pump from 600% to 18,000%, many coins pump more than 13000% and that's make me wonder. So i also tried to buy new listing altcoins.

But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.

So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining

Exchanges don't list and delist any coin/token in seconds but they do all other activities to hype a project or they are the one who is creating the fake trade orders to increase the price of particular project, when actual investors buy them for the hyped price then they will dump them or create no sell orders for that price and let us hang dry with useless tokens.

[Oneandpure]

For MXC exchange easily for listing many shit or meme coins every day, but you need to see their announcement firstly which one of network meme coins will listing or MEXC and then prepare buy at Dapp exchange before listing on CEX. I don't think worth if you buy after listing on MEXC exchange because price drastically pump more than thousand percent, usually have space left around few days or few hours after announcement before listing on the market.
Its moment to buy first time announcing by MEXC with shits coin will list on their market, too risk buy on the early moment of listing with potential price have drop drastically but if you can trader most faster its not bad ideas to buy around coins have listed on market.
When active arbitrage with bscan meme coins, I buy on dapp before listing on MEXC exchange, then deposit to exchange with more higher price than Dapp.

[Justin999]

Except top exchanges, rest of Most of exchanges will list your project even shitcoins if you give them money. Exchange really doesn't care about users. But i think, its upto you whatever you wanna trade with shit or not. If you are become greedy for your profit, you start trade with these coins even after knowing them scam/risky, then what can anyone do? The best deal is, ignore those shit for your own welfare. But it also true that, such shit game should be stopped.

[bettercrypto]

There Are many exchanges where exchange authority listed shitcoins only for money and later, they delist these as like responsible Exchange owner. Let's Have an example With MEXC Exchange! I saw some coins Pump from 600% to 18,000%, many coins pump more than 13000% and that's make me wonder. So i also tried to buy new listing altcoins.

But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.

So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining

For that matter, I don't think that happens only in Mexico; rather, other exchanges often do that, to be honest. So that's not new. Although traders who use an exchange still need to be careful, You should still make your own way to find out if it is legitimate and if it really has potential.

Now I was just curious about what you said: there was a 13000% and 1800% increase in the shit coins you are talking about. Can you identify here the coins that increased by that percentage? Yes, I know that many coins in MEXC rallied really hard, but I don't see the increase of such a percentage in MEXC.

[tengui]

I think this doesn't only apply to shit coins because altcoins with utilities or large projects that have just listed are also experiencing the same thing. we call it a "flash pump", and this happens perhaps because of the hype that caused many people to buy at the start of the listing or perhaps because of the liquidity the team provides.

[JeffBrad12]

I think this doesn't only apply to shit coins because altcoins with utilities or large projects that have just listed are also experiencing the same thing. we call it a "flash pump", and this happens perhaps because of the hype that caused many people to buy at the start of the listing or perhaps because of the liquidity the team provides.

flash pump happens to every coin that are just newly listed, the volatility attracts people and is also exactly what most of trader are seeking anyway.
but with meme coin usually the massive volatility already happened in dex before exchange listing but still could affect the price volatility though if the listing coming from big exchange such as binance.
what people concerned though these shit coin are being labeled a shit coin for a reason and usually meme coin just fall under the same category.
the flash pump itself isn't controversial we all know whatever coin binance is listing usually pumps at the first listing if they are good enough, but the meme coin on its own come out as some hard speculation that some people aren't really comfortable with the fact that some big exchange which supposedly depicted as the most legitimate listing meme coin.

[yazher]

Of course, there are some shitcoins listed in exchanges because they need to be listed there so that they will be able to fool their victims but most of the trusted exchanges have some major issues against shitcoins and they cannot just simply list their coins there. they need to undergo lots of steps and they also need to fulfill requirements so that they are clean and investors won't have any doubt when they want to buy those altcoins but when they are not active anymore and they find out something fishy with any altcoins they listed, they quickly remove it and warn their users against it.

[Rabbitqt]

There Are many exchanges where exchange authority listed shitcoins only for money and later, they delist these as like responsible Exchange owner. Let's Have an example With MEXC Exchange! I saw some coins Pump from 600% to 18,000%, many coins pump more than 13000% and that's make me wonder. So i also tried to buy new listing altcoins.

But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.

So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining

It's true that some exchanges list questionable coins mainly for profit, only to delist them later. Take MEXC Exchange as an example; I've seen coins skyrocket by ridiculous percentages, like 18,000%. I've even tried investing in new altcoins, but found they often pump by 300-500% within seconds.

I once bought an overpriced coin that shot up by over 20,000%. The team behind it hyped it up even more, attracting more investors. But eventually, they dumped their shares and disappeared.

So, it's crucial to be cautious with these "shitcoin" games. While you might make a lot of money, the risks are high, and many end up losing more than they gain.

[Fredomago]

Of course, there are some shitcoins listed in exchanges because they need to be listed there so that they will be able to fool their victims but most of the trusted exchanges have some major issues against shitcoins and they cannot just simply list their coins there. they need to undergo lots of steps and they also need to fulfill requirements so that they are clean and investors won't have any doubt when they want to buy those altcoins but when they are not active anymore and they find out something fishy with any altcoins they listed, they quickly remove it and warn their users against it.

Exchange is also a business so for sure they will allow this as long as the team behind will manage to provide all the requirements that being ask from them, more on the money side and if that kind of shit coin will bring new investors then why not in adding them, as mentioned, there are requirements and if the project manager or the team behind the project can complete that and can maintain whatever the deal inside the exchange then for sure they will continue to be traded but if not then expect them to be delisted and most of shit coins only last short term since they are design to make money and if there's nothing left then they will just die naturally resulting to be remove and replace by another project.

[peter0425]

Except top exchanges, rest of Most of exchanges will list your project even shitcoins if you give them money.

Obviously new and upcoming exchanges are gonna need more funding than top exchanges do. So they will get any money they can get. I mean even top exchanges gather sponsors to get the money required for development and improvement of their software.

But since top exchanges will not easily fold over little money they are seen as more credible but in the end money is always the king that can order anyone around.

[Ben Barubal]

     Is there an exchange today that doesn't have shitcoins? Isn't it true that even Binance also has shitcoins listed on them and if the weekly target quota is not met and the coins are immediately delisted, right?

     So, that just means, even if a crypto is shitcoins, if it passes the criteria of any exchange, even if it's like binance, it can still enter because the exchange will make money there for sure.

[Belarge]

     Is there an exchange today that doesn't have shitcoins? Isn't it true that even Binance also has shitcoins listed on them and if the weekly target quota is not met and the coins are immediately delisted, right?

     So, that just means, even if a crypto is shitcoins, if it passes the criteria of any exchange, even if it's like binance, it can still enter because the exchange will make money there for sure.

Always strive for excellence this season. Sometime we just need to be careful and understand the system because the slightest mistakes will issued huge spending either below or above our capacity. These exchanges will always be here for these crypto projects, the comprises of the memecoins and shitcoins, they're one of the rapid projects that make huge profitsShitcoins are everywhere and we should be keeping listening ears regarding the huge problem behind us.

[Silberman]

     Is there an exchange today that doesn't have shitcoins? Isn't it true that even Binance also has shitcoins listed on them and if the weekly target quota is not met and the coins are immediately delisted, right?

     So, that just means, even if a crypto is shitcoins, if it passes the criteria of any exchange, even if it's like binance, it can still enter because the exchange will make money there for sure.

Exchanges like any other business want to increase the profits they can get from their clients, and if  they need to list and even promote shitcoins, that is what they will do, it is up to each person to realize what is happening and understand that by investing in those coins they are helping the developers of that coin and the exchange owners, while they become the losers which have to shoulder all the negative outcomes, making investing in those coins very unattractive to me.

[andyou1234]

I think that even though shitcoins have been listed on the exchange, they cannot be free and cannot develop optimally because of course users will not choose random tokens to invest in unless just for trial, I see those who really want to invest in crypto will choose altcoin that is at the top of the cmc ranking, because it has high productivity so it can provide profits in the future.

[Nazmul012]

Such shitcoin games will be found in many platform especially less popular platform. Because good platform won't allow such shitcoin for their users. As because wr are experienced enough, we can figure this out but the situation won't be same with new comers who will easily fall in trap and loss their capital. That's why it is very important to take a step carefully in crypto industry. Wrong move could be responsible for your huge loss..

[Mate2237]

     Is there an exchange today that doesn't have shitcoins? Isn't it true that even Binance also has shitcoins listed on them and if the weekly target quota is not met and the coins are immediately delisted, right?

     So, that just means, even if a crypto is shitcoins, if it passes the criteria of any exchange, even if it's like binance, it can still enter because the exchange will make money there for sure.

Exchanges like any other business want to increase the profits they can get from their clients, and if  they need to list and even promote shitcoins, that is what they will do, it is up to each person to realize what is happening and understand that by investing in those coins they are helping the developers of that coin and the exchange owners, while they become the losers which have to shoulder all the negative outcomes, making investing in those coins very unattractive to me.

In most times those are plan or agreement between the project owners and the exchanges. The project owners would pay the exchange to list the new projects and the owners would pumped money inside the project to attract people and those who are eager to make money would think that there is money in the new projects which has been listed in the exchange with market cap of $30 billions and because of that people would invest in it and when the time has reached foe the exchange to remove the coins from the exchange because the payment time has elapsed then they'll delist it.

And all those people that invested in it would lost their money so we should not be deceived by the shitcoins methods to attract people themselves through self sponsored projects.

[lalabotax]

That's something we often see. When there are mixed coin listings, the increase will certainly be very high and will increase in a very short time. In fact, we are often surprised when suddenly there are top gainers with an increase of hundreds of percentages in just one month. and that is a coin or token that has just been listed.

But be careful with games like this because we won't even be guaranteed how long this increase will occur and last. It could be that this is only temporary and in the end you will be able to really understand which coins or tokens you should take advantage of and which ones you shouldn't as well as the right timing to do it, because this is much riskier.

[Ben Barubal]

     All exchanges do such gimmick even if this exchange is on the top list in the market in reality. And I think it's normal for them because business is business.

     As long as they meet their criteria, they can include it in the list of their exchange on the platform for traders to buy, it's just that simple to do, if the quota is not met in a week delist and when the quota is exceeded it will remain in the exchange is that simple.

[danherbias07]

You could join in taking advantage of them if you are good at monitoring the exchange. That's if they will let you sell all your shitcoins just like that.
Do check if there are buying powers too. Some altcoins do go up to x1000 but there are no buying orders. So there's no sense in buying these shitcoins if no one is trying to buy it back. You will just be a victim of the pump and dump which I think has happened to me a lot of times in the past. I thought I could take advantage of it but if you are just a trader who randomly checks your account, it will be difficult to make money out of it.
It will be better to just avoid them because there's a really low amount of altcoins out there that could be pumped in a shocking percentage just like how it was before. Those times are over.