Watch out bittrex exchange

[worriedtrader]

I have two examples for comparison....


1.  You gamble at a casino, however 50% of the machines you use at the casino are rigged to take your money 100% of the time.  DO you still use that casino when they add new slot machines, or even at all?

2.  Your work for an employer, however some of the jobs you go on, are invalid, and dont pay you.  Do you still work for that company?


Its the same thing, yes there should be a level of personal responsibility, and there absolutely needs to be a level of professional responsibility.  

I've lost nothing, zero, zip, nada..... and I still feel this way.  It's not right, and anyone who defends Bittrex is comfortable taking money out of these scams and probably should not be trusted in one way or another.

+1

I was in their IRC yesterday and they acted like they didn't even care. It was sort of like 'oh well. another scam, what can we do?'

No attempt to even think about how they can stop this from continuing to happen.

Too many people supporting them doing this shady practice...

[cassius69]

for education purposes:

https://bitcointalk.org/index.php?topic=566870.msg6535095#msg6535095

that is the link to the asiacoin hidden premine.

if we had the code from elitecoin we could examine it for similarities.

someone should post a copy of main.h and main.cpp so we can see what happened.

we r on our own guys! the exchange could give a fuck if we lose money as long as they gain.

we must protect yourselves!

[ibfragalot2]

wow... if you want government regulation, rules, laws, go play in the real stockmarket guys. You'll lose your money just the same.

[cassius69]

wow... if you want government regulation, rules, laws, go play in the real stockmarket guys. You'll lose your money just the same.

another poor argument.

we dont need the government to protect us. we need the exchange to review code for hidden premines.

big difference.

besides. you can lose money on the stock market but if a scammer gets caught they go to fucking federal prison.

at least the victims get that satisfaction.

[hualehua]

there must be a level of personal responsibility

[ibfragalot2]

the exchange could give a fuck if we lose money as long as they gain.

Every time you made money on an exchange, someone else lost money. That's a fact. Where do you think your profits come from?

so many newbs with zero clue right here.

[ibfragalot2]

we need the exchange to review code for hidden premines.

why don't you review the code? your the one who was mining it!

[worriedtrader]

there must be a level of personal responsibility

And a level of professional responsibility, it goes both ways.

[HunterS]

Bittrex is not the problem. YOU are the problem. Who ask you to buy elite ?

U lost money and u are angry ? Get over it, just like people who got BTC on gox.

If u loss money and start blaming, u should seriously get out of alt and hold your BTC.

Nobody force u to buy any coin. U buy it , u know the risk. If u loss money, don't blame others but yourself.

This guy believes in Bittrex, but Bittrex did not check the coin well.
Thanks him for the warning.

Bittrex check or not does not matter. When people loss money , there are people who make money on the same coin. Not everyone loss. Now he lost money and start blaming.

He have to figure out how to make money. Regardless scam or not. Everyone are given the chance to make money on elite. He made bad decision and lost.

wow yellow you are so wrong.bittrex is providing a customer service.its their duty of care to check codes for this sort of stuff.not all people trading in crypto can read code.if some loses money because of bad trading than yes thats their own fault.but when some one losing money after investing a coin which has hidden premine or something else they cant be blamed for it.if bittrex spent alittle longer checking coin before listing every coin that gets released this wouldnt happen.bittrex should be held liable for this.if this happened in the share market the owner would be thrown in jail.i cant wait for the first lawyer to take on a case of some one being scamed in the crypto seen.it will happen.the wrong person is going to get burnt and than the flood gates will open.i would be very wary if i was a dev or exchange invovled in any of the latest scam coins.the amount of scams in the last month has certainly got alot of attention.you can guarantee there are some officals looking at this sought of stuff as we speak.definately a step backwards for the crypto world.for you to say bittrex has no responsibilty to provide their customers with a safe trading platform is just ludicrous

[cassius69]

we need the exchange to review code for hidden premines.

why don't you review the code? your the one who was mining it!

i didnt mine it. i speculated on the price going up. i held for 2 hours and lost 100% because of the scam.

[cassius69]

the exchange could give a fuck if we lose money as long as they gain.

Every time you made money on an exchange, someone else lost money. That's a fact. Where do you think your profits come from?

so many newbs with zero clue right here.

i dont get it. im the newb but you dont know the difference between someone losing on a trade because of prices and losing 100% because of a scam.

u might be the newb, kid. ur logic is flawed.

its fair to make money on trades. its not fair to get scammed out of 100% of ur funds because of a scammy dev and 'fast listing' where no one checked code.

[HunterS]

wow... if you want government regulation, rules, laws, go play in the real stockmarket guys. You'll lose your money just the same.

dont worry the regs are coming.i cant wait.

[worriedtrader]

wow... if you want government regulation, rules, laws, go play in the real stockmarket guys. You'll lose your money just the same.

Sigh, the way bittrex are going, it's going to be needed sooner than later.

These amount of scams did not exist even 3 months ago, and bittrex showing no signs of slowing down adding them.

[bigc1984]

Just wanted to point out that bittrex is listing coins with hidden premine and do not research the code first!

please share your hidden premine story here

I got burned on the latest hidden premine coin Elite!

i owned elitecoin for 2 hours before the hidden premine.

i went away after buying the coin and figured i would sell it before i went to bed because i dont want to hold new coins for long.

i watched two episodes of 'hell on wheels' then i came back.

imagine the horror i felt to see 100% of my money lost? it as around $88.18 in usd. this is more than i spend on a week for groceries.

i could have bought something useful with my money.

instead like a fool i trusted it to this exchange which worships scammers.

never again dimitry! never again!

LOOOOOOOOL 88 $ dude there are some guys who lost thousands of $ RLY u are funny

not everyone is rich asshole. 

Who complains about such a small amount of money? Ghetto fucking losers. Seriously it is disrespectful to real investors to see morons complain about peasant change.

[Dimitry]

wow... if you want government regulation, rules, laws, go play in the real stockmarket guys. You'll lose your money just the same.

Sigh, the way bittrex are going, it's going to be needed sooner than later.

These amount of scams did not exist even 3 months ago, and bittrex showing no signs of slowing down adding them.

Bittrex is getting closer to getting burned themselves. Like someone mentioned before one day someone getting burned and puts up a case and bittrex will lose it 100%, I dont sell my coins I need them as proof!

[mikesrevenge]

Who complains about such a small amount of money? Ghetto fucking losers. Seriously it is disrespectful to real investors to see morons complain about peasant change.

GTFO

Statements like this are pathetic.  The amounts are irrelevant.

[ffmad]

Who complains about such a small amount of money? Ghetto fucking losers. Seriously it is disrespectful to real investors to see morons complain about peasant change.

GTFO

Statements like this are pathetic.  The amounts are irrelevant.

+1, that's a childish way of thinking.

"ahah noobs, they got burned and complain about that. I'm not that stupid. Aha noobs !"

Crypto world shouldn't be accessible to less that 21 years old 

Personnaly i've been burned, but i'm thinking "i should have known", and i'm thinking that i was stupid to believe like that.

BUT i also pay for Bittrex service and i'm not happy with theirs. They are not professionals ...

[Dimitry]

Who complains about such a small amount of money? Ghetto fucking losers. Seriously it is disrespectful to real investors to see morons complain about peasant change.

GTFO

Statements like this are pathetic.  The amounts are irrelevant.

+1, that's a childish way of thinking.

"ahah noobs, they got burned and complain about that. I'm not that stupid. Aha noobs !"

Crypto world shouldn't be accessible to less that 21 years old 

Personnaly i've been burned, but i'm thinking "i should have known", and i'm thinking that i was stupid to believe like that.

BUT i also pay for Bittrex service and i'm not happy with theirs. They are not professionals ...

Exactly getting burned by scammy developers that can happen. But hidden premine coins should not happen at all!

Bittrex should be the one accountable for this!

[n3rfherder]

IT IS ONLY YOUR RESPONSIBILITY TO CHECK ABOUT A COIN YOU ARE BUYING.  YOU PEOPLE CRY SO FUCKING MUCH ABOUT SCAMS BUT REFUSE TO DO YOUR OWN RESEARCH.  GROW UP.

[n3rfherder]

Who complains about such a small amount of money? Ghetto fucking losers. Seriously it is disrespectful to real investors to see morons complain about peasant change.

GTFO

Statements like this are pathetic.  The amounts are irrelevant.

+1, that's a childish way of thinking.

"ahah noobs, they got burned and complain about that. I'm not that stupid. Aha noobs !"

Crypto world shouldn't be accessible to less that 21 years old 

Personnaly i've been burned, but i'm thinking "i should have known", and i'm thinking that i was stupid to believe like that.

BUT i also pay for Bittrex service and i'm not happy with theirs. They are not professionals ...

Exactly getting burned by scammy developers that can happen. But hidden premine coins should not happen at all!

Bittrex should be the one accountable for this!

no, they shouldn't.  their job is to provide a place to trade coins.  THAT IS IT.  your job is to figure out what you are buying.