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Author Topic: Elite coin another bittrex scam?  (Read 10543 times)
stoner19
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July 26, 2014, 03:31:43 AM
 #81

I was present in Bittrex's IRC channel when everyone found out about Sparta. They made it very clear that they add a coin based on the information given. If they feel that it's legit, they add it. They do not have the time or resources to dig through the code for each and every altcoin that gets made.
bit1
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July 26, 2014, 03:32:17 AM
 #82

I think bittrex must implement some anti-scam.
If price dumps 10x times its OK - its market.
But if SOME send 20K coins when only 4K+ exist its obv. SCAM.


yep but always will found new ways of scam or frauds in codes
StephenJH
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July 26, 2014, 03:33:13 AM
 #83

They do not have the time or resources to dig through the code for each and every altcoin that gets made.

They don't need to check every coin made, but maybe the ones they add? lol

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....OVER $2,000,000!....
ALREADY GIVEN AWAY
IN LESS THAN 2 WEEKS
.
....PLAY NOW....
mikesrevenge
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July 26, 2014, 03:37:19 AM
 #84

Guess some of the pools did not get a chance to dump it so good old bittrex re-enabled it
shrekster
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July 26, 2014, 03:39:28 AM
 #85

I was present in Bittrex's IRC channel when everyone found out about Sparta. They made it very clear that they add a coin based on the information given. If they feel that it's legit, they add it. They do not have the time or resources to dig through the code for each and every altcoin that gets made.

Well they need to find the time and resources or their exchange is going to die.
MacHead2006
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July 26, 2014, 03:40:10 AM
 #86

Maybe I`m wrong but polo make some code checks before listing coins.
Sure devs can cheat us other ways, but anyway.
mikesrevenge
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July 26, 2014, 03:41:41 AM
 #87

Maybe I`m wrong but polo make some code checks before listing coins.
Sure devs can cheat us other ways, but anyway.
Imho polo is not perfect, but they have higher standards then Bittrex.

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July 26, 2014, 03:43:32 AM
 #88

50 BTC volume on bittrex

0.25% x 2 fee

50 x 0.5% = 0.25 BTC in a day from only fees...


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shrekster
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July 26, 2014, 03:43:41 AM
 #89

Ok I think bittrex is involved... why the fuck would they relist when there is a known premine and the dev has gone rough/missing?
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July 26, 2014, 03:45:47 AM
 #90

All I can say is pull out while you can. Dumasses are buying
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July 26, 2014, 03:47:35 AM
 #91

I wonder why they chose to dump the premine now though. They really didnt make that much btc maybe a couple at the most?
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July 26, 2014, 03:47:58 AM
 #92

http://www.cryptocoincharts.info/v2/markets/show/bittrex

Overall volume (24h)   1,359.08 BTC
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July 26, 2014, 03:48:06 AM
 #93

i dont understand, why still buy? lol
Tearscoin
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July 26, 2014, 03:49:12 AM
 #94

Guys it is unfair to blame Bittrex or any other exchange that adds a coin. The answer is sometimes right in front of you by applying good common sense and looking at the risk indicators. By looking at a few things you can make a call on the residual risk of a coin based on risk factors and then see how that fits into your risk appetite. You can then either stay away or risk it all and the alt-coin exchanges currently just provide a vehicle to cater for the whole of the spectrum of risk appetite.

In the absence of regulation in alt coins (self or otherwise) you can do certain basic things to protect yourself: Elite was high risk based on such an assessment, refer here https://bitcointalk.org/index.php?topic=702757.msg7974656#msg7974656

why it's unfair to blame Bittrex and the other shit exchanges? do you think it's fair to the investors? i don't think these exchanges will lead crypto currency to success, they just add coins for money and provide a large space for the damn scam dev.

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MacHead2006
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July 26, 2014, 03:51:40 AM
 #95

i dont understand, why still buy? lol

1. Some believe in miracle
2. At current prices some need only 10-20 btc to buy all coins (even 40K) and than you can .... find new dev and say all OK ... and hype it 10x times - PROFIT.

Idk.  Smiley
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July 26, 2014, 03:52:19 AM
 #96

http://www.cryptocoincharts.info/v2/markets/show/bittrex

Overall volume (24h)   1,359.08 BTC

True I guess the last couple hours would have been the final  blow not everything at once
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July 26, 2014, 03:53:35 AM
 #97

i dont understand, why still buy? lol

1. Some believe in miracle
2. At current prices some need only 10-20 btc to buy all coins (even 40K) and than you can .... find new dev and say all OK ... and hype it 10x times - PROFIT.

Idk.  Smiley

vootcoin did that, was orginally a premine dump scam coin, decent dev took it over. Dropped to about 50 satoshi after the scam, now its over 3000% higher
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July 26, 2014, 03:54:41 AM
 #98

bittrex should answer this question!

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July 26, 2014, 03:54:57 AM
 #99

I wonder why they chose to dump the premine now though. They really didnt make that much btc maybe a couple at the most?
The 'dev' has been trying to pump up the price throughout the day with several 'coming soon' features, notably, a retail partner.
But the price continue to plummet, and he finally decided to exit before news of the hidden premine broke.

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July 26, 2014, 03:55:09 AM
 #100

yer an idiot if you went all in on that coin, it's hard to admit, but it's your own fault for clicking buy. . You wanted to get rich quick and someone had a better plan than you, you all know the risks. The price of that coin was a joke anyway, it offered NOTHING and you boneheads still went all in at 0.02 it's hilarious

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