Bittrex killing the altcoin market?

[doremi]

i quit using bittrex now after 2 of my coins were delisted from exchange and i not even bother to contact their support to send me back those coins,i didn`t mean bittrex cannot delist coins that no trade volume to them but at least they should try to keep customer's coins for more longer but not just 2 weeks!

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[cassius69]

here is what bittrex says about its process of coin selection:

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

we have to make sure that bittrex follows their own rules.

they are the ones who made them.

unless their is high community demand, innovation to cryptocoin tech, or a contribution to science or humanity they should not add the coin.

i fail to see how elitecoin could have accomplished any of those goals.

perhaps they meant a 'contribution' to bill, rami, and richie is a contribution to humanity 

[Dimitry]

Just make sure these threads bumping up

https://bitcointalk.org/index.php?topic=710752.new#new
https://bitcointalk.org/index.php?topic=711279.new#new

[okbit]

IMHO, it is not Bittrex or any other exchange's responsibility. The business of an exchange is to offer a market for coins. The market will decide which ones survive.

[cassius69]

IMHO, it is not Bittrex or any other exchange's responsibility. The business of an exchange is to offer a market for coins. The market will decide which ones survive.

good puppet good.

it is the responsibility of a business to protect their customers against scams.

the market can decide when it doesnt have all the information.

[defaced]

This thread pops up anytime an exchange starts getting all the love.

Ive seen it regarding btc-e, cryptsy, mintpal, and now bittrex.

Although I do agree with alot of points mentioned, chasing the volume does give the incentive to "hit it and quit it".

[Bluestreet]

My god, how can people point fingers at bittrex who don't take bribes for adding coins to all the other corrupt exchanges.
Check all the shitcoins that payed and botted there way onto mintpal.

All this tells me is Bittrex actually have the infrastructure to add coins where other exchanges don't , also don't get me started on coin creators who are in bed with certain exchanges, the exchanges that add coins based on "shit innovation" but will never have any use besides PnD.

Most newcomers lose money when they come into the alt coin market and when they lose money, they tell there friends and families don't risk it, stick with bitcoin.

Right now there is only a handful of coins I actually trust to be sincere and the latest being NLG.

[j5crypto]

Bittrex gives new coins a chance like no other exchange i have ever seen. I'm sure its not easy loading and unloading new coins all the time and they are to be commended for what they have done so far. They are bound to get some wrong once in a while, but most of the coin decisions look to be from volume and community participation metrics. Crying about your coin being de-listed is pretty pathetic when you should be working to keep it listed in the first place(if it's getting de-listed it's probably a sign).

[Dimitry]

Bittrex gives new coins a chance like no other exchange i have ever seen. I'm sure its not easy loading and unloading new coins all the time and they are to be commended for what they have done so far. They are bound to get some wrong once in a while, but most of the coin decisions look to be from volume and community participation metrics. Crying about your coin being de-listed is pretty pathetic when you should be working to keep it listed in the first place(if it's getting de-listed it's probably a sign).

Bittrex is shooting itself in the *** with these new coins. they show to have no vision for future existance!
It will be a short term exchange and shouldnt be taking serious! Becarefull people!

[defaced]

Like what was just said in #bittrex on freenode, they are hesitant about adding older coins because they arnt getting much volume.

New hyped coins get volume. Exchanges make money on volume so of course they are going to cater to hype. And such is the vicious cycle we all love to hate and hate to love.

[Dimitry]

Like what was just said in #bittrex on freenode, they are hesitant about adding older coins because they arnt getting much volume.

New hyped coins get volume. Exchanges make money on volume so of course they are going to cater to hype. And such is the vicious cycle we all love to hate and hate to love.

Yes but the volume is only for a few days! it is short term thinking!

[nutildah]

only the strong will survive.

its a free market, Bittrex doesn't decide which coin is successful or fails. Its the market that decides. you can't blame Bittrex.

Its not a free market. You realize Bittrex collects money for coin advertisement placing, right? Bittrex clearly helps determine which coins succeed or fail by either placing them on or removing them from the exchange.

By giving scam devs an equal opportunity platform to work on and regularly promoting crap over substance (confirmed via their twitter), Bittrex is helping the damaging culture of scam to flourish and perpetuate on a global scale.

I agree with other posters who said they are shooting themselves in the (anatomy part of choice here) because eventually lawsuits will be filed and btc will go missing. Its just inevitable with the quality of clientele they have been attracting over the past few months.

[Dimitry]

^^ well said

Bittrex is on his way back. becarefull people

[Starscream]

You guys are thinking to small.

Bittrex, together with big pools (dedicatedpools namely) and big farmers are the ones who create those scam coins...

Binaryclock admitted that such group exists.

I actually wrote about it and quoted some of the stuff:
https://bitcointalk.org/index.php?topic=659485.0

You can also find it on BCT mirror website
https://bitcointa.lk/threads/re-ann-min-minerals-x11-pow-pos-cryptocurrency-for-starcraft-fans-no-prem.324250/page-75

[defaced]

You guys are thinking to small.

Bittrex, together with big pools (dedicatedpools namely) and big farmers are the ones who create those scam coins...

Binaryclock admitted that such group exists.

I actually wrote about it and quoted some of the stuff:
https://bitcointalk.org/index.php?topic=659485.0

You can also find it on BCT mirror website
https://bitcointa.lk/threads/re-ann-min-minerals-x11-pow-pos-cryptocurrency-for-starcraft-fans-no-prem.324250/page-75

Follow the volume. And match it with coins that have no volume. It paints a pretty interesting picture that is for sure.

[faraway]

You guys are thinking to small.

Bittrex, together with big pools (dedicatedpools namely) and big farmers are the ones who create those scam coins...

Binaryclock admitted that such group exists.

I actually wrote about it and quoted some of the stuff:
https://bitcointalk.org/index.php?topic=659485.0

You can also find it on BCT mirror website
https://bitcointa.lk/threads/re-ann-min-minerals-x11-pow-pos-cryptocurrency-for-starcraft-fans-no-prem.324250/page-75

Follow the volume. And match it with coins that have no volume. It paints a pretty interesting picture that is for sure.

They may have made some profits with such a scheme in April or before. Is this the case today?

Anyway, this is a game that kills all alternates, even good ones; And the recovery will take time.

[smoothie]

Essentially at some point I think the free market will vote with their wallets and the crap coins that are nothing but crap seen in the eyes of the free market will fall by the way side and the strong will survive long term.

[Dimitry]

Essentially at some point I think the free market will vote with their wallets and the crap coins that are nothing but crap seen in the eyes of the free market will fall by the way side and the strong will survive long term.

Yes this also goes for the exchanges, if more and more people get hurt at bittrex then bittrex better close his doors.

[rikkejohn]

only the strong will survive.

its a free market, Bittrex doesn't decide which coin is successful or fails. Its the market that decides. you can't blame Bittrex.

- If developers aren't doing enough to build and maintain their communities, that's the devs fault not Bittrex.
- If a coin pumps and dumps because of a scam whitepaper, that is not Bittrex's fault.
- If volume moves from coin to coin because whales are at work, that is not Bittrex's fault.
- If a dev dumps a premine, that is not Bittrex's fault.

What can you do to help? Well its simple:

- only support the coins you like
- support coins with strong honest devs and strong communities with promising tech.
- don't support scam whitepaper coins (VEIL comes to mind)
- don't support premine scam coins
- don't support ninja launched, instamined, block reward halving, early PoW ending scam coins.

The ones that do will continue to get scammed and will hopefully learn their lesson. Bittrex has been fair on adding every coin and giving every coin a chance, whether it turns out to be a scam or not.

Everyone should do their due diligence and invest accordingly. Stop blaming the exchanges.

End of topic. These people whining about Bittrex need to stop.

Exactly. End of. It's that simple.

Immanuel Kant and all those fancy types with their high faluting clever talk can STFU!

[Dimitry]

only the strong will survive.

its a free market, Bittrex doesn't decide which coin is successful or fails. Its the market that decides. you can't blame Bittrex.

- If developers aren't doing enough to build and maintain their communities, that's the devs fault not Bittrex.
- If a coin pumps and dumps because of a scam whitepaper, that is not Bittrex's fault.
- If volume moves from coin to coin because whales are at work, that is not Bittrex's fault.
- If a dev dumps a premine, that is not Bittrex's fault.

What can you do to help? Well its simple:

- only support the coins you like
- support coins with strong honest devs and strong communities with promising tech.
- don't support scam whitepaper coins (VEIL comes to mind)
- don't support premine scam coins
- don't support ninja launched, instamined, block reward halving, early PoW ending scam coins.

The ones that do will continue to get scammed and will hopefully learn their lesson. Bittrex has been fair on adding every coin and giving every coin a chance, whether it turns out to be a scam or not.

Everyone should do their due diligence and invest accordingly. Stop blaming the exchanges.

End of topic. These people whining about Bittrex need to stop.

Exactly. End of. It's that simple.

Immanuel Kant and all those fancy types with their high faluting clever talk can STFU!

The topic just began! Bittrex should suffer just as much as there costumers! only then they are going to change!

Adding coins with hidden premine and doing nothing about it is not acceptable!