[ANN] Potential Markets de-listed from Bittrex

[museack]

Bittrex-Bill,

I saw on Bittrex that the Mazacoin (MZC) market is in danger of being delisted.  I strongly encourage you to reconsider.  I realize that volume is very low, but I can assure you that the Mazacoin dev team and the mazacoin community is actively working to increase interest and trading in Mazacoins.  Mazacoin has been through some difficult times, but there is a new developer and some new members in the community that are dead set on keeping this coin viable.  Please allow some time for the upcoming resurgence in interest in this coin!!

[cassius69]

"We look for coins that have high community demand, innovations to crypto-coin technology, or a contribution to science and humanity."

get real   (concealcoin, spartacus, aegiscoin, for god's sake - just to name a few)

btw, how much volume does a coin have to do to stay listed?

your listing requirements should really be available on your site.

seems like you guys are 'winging it.'

[Bittrex-Bill]

We look for coins that have high community demand, innovations to crypto-coin technology, or a contribution to science and humanity.

SLR - Solarcoin - please dont remove this, there is a lot more to come.!

http://www.solarcoin.org/

For the time being, Solar Coin is safe.  We reserve 20-30 markets for long term projects and hope that Solar Coin will succeed given more time to grow. 

Bill

[Bittrex-Bill]

Bittrex-Bill,

I saw on Bittrex that the Mazacoin (MZC) market is in danger of being delisted.  I strongly encourage you to reconsider.  I realize that volume is very low, but I can assure you that the Mazacoin dev team and the mazacoin community is actively working to increase interest and trading in Mazacoins.  Mazacoin has been through some difficult times, but there is a new developer and some new members in the community that are dead set on keeping this coin viable.  Please allow some time for the upcoming resurgence in interest in this coin!!

I've spoken to the MazaCoin dev for quite awhile.  Very solid developer.  Our warnings are meant to be friendly reminders right now. Unless there is a date associated with the notification, we aren't going to pull the market. 

[djm34]

Please delist all IPO/ICO coins without innovation you have listed in the past two weeks.
(icebergcoin, architectcoin and others I don't even know the name.
Those coin have absolutely no innovation except IPO of the order of several hundreds BTC, I understand you are making a profit from but at the end of the day, you are loosing in credibility and trust...

[cassius69]

" This market is in danger of de-listing due to low trade volume and lack of user interest."

what is the volume requirement. its a simple question so answer it please.

[Bittrex-Bill]

"We look for coins that have high community demand, innovations to crypto-coin technology, or a contribution to science and humanity."

get real   (concealcoin, spartacus, aegiscoin, for god's sake - just to name a few)

btw, how much volume does a coin have to do to stay listed?

your listing requirements should really be available on your site.

seems like you guys are 'winging it.'

There's a pretty big point people miss when they criticize us adding so many coins to Bittrex.  I don't know of any system to determine if a coin will succeed or fail before we put it on the exchange.  If I did, I'd day trade instead of work on our exchange.

The first 2 parts of the statement are about community demand and innovation.  When we see a lot of requests for a coin in my bct inbox, twitter, and support alias that is usually a signal that people want to trade it.  Who am I to judge what people want to trade?  

We also try to take chances on new business models and algorithms.  We had coins like URO, CLOAK, RZR, NAUT, etc. etc. long before any other exchange did.  We didn't know if they would be successful, but they were interesting enough to get added and let the market decide.  And for every one of those interesting coins that succeed, there are a number of coins that don't.  

The last bit about contributions to humanity is an extremely tricky one.  Almost every "donation" based coin we've been asked to add has turned out to be a scam.  We prefer coins that directly use hash power towards scientific efforts like CURE coin.  And before you suggest GridCoin, yes we are looking at it.  And No, it isn't being added until we get more clarification from the dev team.

Right now, we're looking for 0.1 BTC of daily volume averaged across a 7 day period.  That doesn't cover the cost of each market, but it is enough to show us there is interest in the coin.  We also throw bad blockchains or coins abandoned by devs into the list of coins we remove.

[cassius69]

so its a 3 btc req. for 30 days but u guys base delistings on the last 7 day average.

so a coin that has 1000 btc on its first day for a 33.3 btc per day average for 30 days can be delisted on day 9?

haha. maybe someone needs to go back to the drawing board on this one.

i know u guys think altcoins are moving fast but nothing moves that fast.

this doesnt even allow for a coin to have a few bad weeks on a good month.

u guys seems to be heading in the direction of one day pump coins tbh 

[Bittrex-Bill]

so its a 3 btc req. for 30 days but u guys base delistings on the last 7 day average.

so a coin that has 1000 btc on its first day for a 33.3 btc per day average for 30 days can be delisted on day 9?

haha. maybe someone needs to go back to the drawing board on this one.

i know u guys think altcoins are moving fast but nothing moves that fast.

this doesnt even allow for a coin to have a few bad weeks on a good month.

u guys seems to be heading in the direction of one day pump coins tbh 

Every coin we add gets 2 weeks on the exchange regardless of volume.  Anyone who pays for a sponsor ad gets a guaranteed 30 days on the exchange regardless of volume. 

[cassius69]

so its a 3 btc req. for 30 days but u guys base delistings on the last 7 day average.

so a coin that has 1000 btc on its first day for a 33.3 btc per day average for 30 days can be delisted on day 9?

haha. maybe someone needs to go back to the drawing board on this one.

i know u guys think altcoins are moving fast but nothing moves that fast.

this doesnt even allow for a coin to have a few bad weeks on a good month.

u guys seems to be heading in the direction of one day pump coins tbh 

Every coin we add gets 2 weeks on the exchange regardless of volume.  Anyone who pays for a sponsor ad gets a guaranteed 30 days on the exchange regardless of volume. 

its a ludicrous formula. the 30 day average can exceed 4 7 day averages by incredible margins.

there is no hurry to list and delist coins this fast. certainly one big day will generate more than enough in fees to host the coin daemon for a month.

sorry dudes but u have jumped the shark in july. 

[Bittrex-Bill]

so its a 3 btc req. for 30 days but u guys base delistings on the last 7 day average.

so a coin that has 1000 btc on its first day for a 33.3 btc per day average for 30 days can be delisted on day 9?

haha. maybe someone needs to go back to the drawing board on this one.

i know u guys think altcoins are moving fast but nothing moves that fast.

this doesnt even allow for a coin to have a few bad weeks on a good month.

u guys seems to be heading in the direction of one day pump coins tbh 

Every coin we add gets 2 weeks on the exchange regardless of volume.  Anyone who pays for a sponsor ad gets a guaranteed 30 days on the exchange regardless of volume. 

its a ludicrous formula. the 30 day average can exceed 4 7 day averages by incredible margins.

there is no hurry to list and delist coins this fast. certainly one big day will generate more than enough in fees to host the coin daemon for a month.

sorry dudes but u have jumped the shark in july. 

I appreciate your feedback.  I think you can go back through the long history of this thread and our actual cut list to see that our policy creates a candidate list of coins to remove and we take in community comments and concerns before actually removing a coin.  You'd be surprised at how few coins we actually remove that meet the criteria we set out.  No deletion is ever automatic but we've found that the 0.1 BTC volume is a good starting guide.

[nutildah]

sorry dudes but u have jumped the shark in july. 

+1

I'm done with Bittrex. Its become a mockery of itself.

[insom]

can we have any infos on the XHC Wallets please?

[coine_smithe]

If we look at CNL as an example, how is Bittrex supposed to curtail that sort of thing happening? What really happened there? The dev promised pie in the sky tech, people bought it, and he never came back. How was Bittrex supposed to know that would happen? I think Bittrex is doing fine. Obviously they don't want to get attacked so they'll scan for hidden premines, viruses, exploits, etc. but beyond that it's the market's job to determine if a coin is a "scam" or not. Who knows, maybe the CNL dev really meant to follow through but he got hit by a bus when he stepped off the curb.

[mig5000]

What I would like to see from a leading exchange like yours is to implement some proof of dev.

- How hard would it be to get the leading dev of interesting coins to chat with one of you in a video call explaining what his coin is, what he intends to do and what not.  

I am sure some of them will still be scam, as a competent person can fool you into accepting his coin but after he fooled the community once, this guy will be barred from your exchange forever with his photo published and what not.,. For their next scam they will need an other competent dev to give the speech and answer your technical guy. A method like this is a bit intrusive but for the sake of crypto, I believe this is almost mandatory at this point.

Bittrex is hurting more than helping the community at this point with all the scams. This is unbelievable how much money has been stolen past few weeks with all this stuff. What might happen at this point is people are going to avoid your site and go back to mintpal and invest in established new coins.

I personally was trading quite a bit 3 weeks ago and barely bought any coins on your exchange since then, and intend to do so until this situation is resolved.

Investing in the dev > investing in a coin right now.

[mig5000]

If we look at CNL as an example, how is Bittrex supposed to curtail that sort of thing happening? What really happened there? The dev promised pie in the sky tech, people bought it, and he never came back. How was Bittrex supposed to know that would happen? I think Bittrex is doing fine. Obviously they don't want to get attacked so they'll scan for hidden premines, viruses, exploits, etc. but beyond that it's the market's job to determine if a coin is a "scam" or not. Who knows, maybe the CNL dev really meant to follow through but he got hit by a bus when he stepped off the curb.

"sure" it's the investors job to get his info on a coin but as it is right now I know quite a few people who haven't bought a bittrex launch for a while as there is literally not regulation to avoid these situation. Nothing to protect our money. I believe all the centralized exchange around the world aren't simply launching stock market w/o knowing what's up with the company and owners. I for one, I'm done with this shit and will only invest in coins that I have a "proof of dev".

I'm sure this trend is already started and the alt volume is going to drop until it's resolved. Bittrex would be better to protect their customer over protecting the scammers/dev. Otherwise their business plan to add every coin that promise the moon will back fire in their face and soon they will find themselves to be the new polo or cryptsy.

[drwoo]

I find it interesting the past month scams have been increasing dramatically at an ever increasing rate. A new coin came out with a plan a well known dev and it blew up. What did people do? They dumped and bought conceal and incognito and shit and got ripped. You know what? I stopped buying that garbage I might but HODLing the majority $VIA but I know the dev isn't going anywhere. I am also not crying to bittrex because I got scammed. STOP BUYING THAT GARBAGE AND IT WILL DISAPPEAR. They are taking a free market approach its what got them where they are. Bittrex loves listening to their users and I am sure they will come of with something maybe to make you feel better about it, but in the end its always up to you. No more 24 hour POW garbage STOP BUYING IT NOW.

[coine_smithe]

If we look at CNL as an example, how is Bittrex supposed to curtail that sort of thing happening? What really happened there? The dev promised pie in the sky tech, people bought it, and he never came back. How was Bittrex supposed to know that would happen? I think Bittrex is doing fine. Obviously they don't want to get attacked so they'll scan for hidden premines, viruses, exploits, etc. but beyond that it's the market's job to determine if a coin is a "scam" or not. Who knows, maybe the CNL dev really meant to follow through but he got hit by a bus when he stepped off the curb.

"sure" it's the investors job to get his info on a coin but as it is right now I know quite a few people who haven't bought a bittrex launch for a while as there is literally not regulation to avoid these situation. Nothing to protect our money. I believe all the centralized exchange around the world aren't simply launching stock market w/o knowing what's up with the company and owners. I for one, I'm done with this shit and will only invest in coins that I have a "proof of dev".

I'm sure this trend is already started and the alt volume is going to drop until it's resolved. Bittrex would be better to protect their customer over protecting the scammers/dev. Otherwise their business plan to add every coin that promise the moon will back fire in their face and soon they will find themselves to be the new polo or cryptsy.

What you are talking about is totally reasonable. If you aren't sure about a coin, don't buy it! And the price will reflect that. As long as the coin is not a virus or actively trying to literally scam you by stealing your Bitcoin wallet or something, then it doesn't matter one ounce what the dev promises to do. Almost every single alt coin today rose because the dev promised things in the future. It is up to investors to decide whether it is worth it to trust that particular developer and to invest in their coin. That is the whole point of a market and an exchange. It is not Bittrex's job to decide whether a coin is a good investment, and whether the dev will deliver or not. Bittrex is a great exchange.

[drwoo]

What I would like to see from a leading exchange like yours is to implement some proof of dev.

- How hard would it be to get the leading dev of interesting coins to chat with one of you in a video call explaining what his coin is, what he intends to do and what not.  

I am sure some of them will still be scam, as a competent person can fool you into accepting his coin but after he fooled the community once, this guy will be barred from your exchange forever with his photo published and what not.,. For their next scam they will need an other competent dev to give the speech and answer your technical guy. A method like this is a bit intrusive but for the sake of crypto, I believe this is almost mandatory at this point.

Bittrex is hurting more than helping the community at this point with all the scams. This is unbelievable how much money has been stolen past few weeks with all this stuff. What might happen at this point is people are going to avoid your site and go back to mintpal and invest in established new coins.

I personally was trading quite a bit 3 weeks ago and barely bought any coins on your exchange since then, and intend to do so until this situation is resolved.

Investing in the dev > investing in a coin right now.

Why can't we the investor demand this from the dev on their announcement page before we invest in their coin??? Maybe on their website? Why does bittrex have to take the time out of their day, and put more responsiblility on their shoulders for "proof of dev" because when those devs start ripping people off it brings a whole new level of responsibility. I am personally done spending money on scamcoins. Even if i get proof of dev that doesn't mean I will trust that dev or the coin. Personal responsibility people please. I will not blame anyone else for the scams I walked in to.

[mig5000]

What I would like to see from a leading exchange like yours is to implement some proof of dev.

- How hard would it be to get the leading dev of interesting coins to chat with one of you in a video call explaining what his coin is, what he intends to do and what not.  

I am sure some of them will still be scam, as a competent person can fool you into accepting his coin but after he fooled the community once, this guy will be barred from your exchange forever with his photo published and what not.,. For their next scam they will need an other competent dev to give the speech and answer your technical guy. A method like this is a bit intrusive but for the sake of crypto, I believe this is almost mandatory at this point.

Bittrex is hurting more than helping the community at this point with all the scams. This is unbelievable how much money has been stolen past few weeks with all this stuff. What might happen at this point is people are going to avoid your site and go back to mintpal and invest in established new coins.

I personally was trading quite a bit 3 weeks ago and barely bought any coins on your exchange since then, and intend to do so until this situation is resolved.

Investing in the dev > investing in a coin right now.

Why can't we the investor demand this from the dev on their announcement page before we invest in their coin Maybe on their website? Why does bittrex have to take the time out of their day, and put more responsiblility on their shoulders for "proof of dev" because when those devs start ripping people off it brings a whole new level of responsibility. I am personally done spending money on scamcoins. Even if i get proof of dev that doesn't mean I will trust that dev or the coin. Personal responsibility people please. I will not blame anyone else for the scams I walked in to.

They will at some point if this trend keeps up.

What I am saying is bittrex should be more vigilant and might want to implement a "proof of dev" type of thing.

1. Scam hurts the crypto community in general
2. People getting scammed are less likely to come back dumping money on the exchange
3. The longer the people keeps their money, the better bittrex is doing on fees, scammer runs with the money while trader trades and pay fees.
4. Bittrex is a CENTRALIZED exchange so get lost with your free market shit. They as a company should maximize their EV and having 4/5 coin scam their base user is definitively not good for them
5. The market auto regulating will take longer than if bittrex added some "proof of dev" methodology by gathering info and outing the scammers.
6. While the market auto regulate, bittrex is going to lose money due to less fee being raked and all these scams ultimately will hit their pocket.


So it's +++++Ev for bittrex to avoid these scams by adopting preemptive measures. Just my 2c.

As for me I really don't care what they do. I'm done trading on bittrex as 4/5 of their launches lately have been scam of some sort and when they are not the brand new 6 hours coin are launched with 1M+ market cap. Not worth my time to trade there.

I'm 33% liquid right now and the good coins that will sky rocket (Like LTC/FTC/PPC did) when BTC moon are all at their 3-6 months low so I'm buying these instead.


P.S. If you want my action back please let people short your coins. I'd pay 20k a year to have this option lol