Topic: Bittrex cancelled RAID IEO Offering at the last minute. (Read 290 times)
Experts expressed their views on this issue https://icoholder.com/blog/what-do-experts-think-about-the-sudden-cancellation-of-ieo-raid-and-formation-of-the-ripples-xpring-fund-and-forte-for-100-million/
Just noticed from Bittrex Twitter they cancelled their RAID IEO offering.
[cente r] [im g]https://i.imgur.com/DVUecg0.jpg[/img] [/center]
I am not sure or they didn't explained yet why they change their mind at the last minutes. But I believe they take good decisions. Because people's believe on Bittrex, not on ICO in my opinion. But I think that decision will effect on their trust also. There many questions could be raise, why they had chosen this project without verify everything? And why they decide to cancel again ?
According to Bittrex they will explain more briefly. Let's see what about their explanation.
Nobody is perfect mate and as far as they are not God, they are bound to make mistakes, what makes them strong is ability to detect the mistake on time and being able to quickly make adjustment because they care about their users. Probably they might have noticed something fishy along the line and suspended the ICO first until they verify it.[cente r] [im g]https://i.imgur.com/DVUecg0.jpg[/img] [/center]
I am not sure or they didn't explained yet why they change their mind at the last minutes. But I believe they take good decisions. Because people's believe on Bittrex, not on ICO in my opinion. But I think that decision will effect on their trust also. There many questions could be raise, why they had chosen this project without verify everything? And why they decide to cancel again ?
According to Bittrex they will explain more briefly. Let's see what about their explanation.
This shows that we are not just dealing with a system but real humans that understand what is going on in the system and taking necessary precaution to also make it better.
I don’t think they acted based on news because news is not enough to make certain big decision as this, no standing system is free without its own news, either negative or positive, and they must have made their own verification too before withdrawing the contract.
If I am to judge bittrex too based on every common negative news I found on them, I wouldn’t be using them but I am using them today because I found the news not true, this is why it will be difficult to judge by news but anyway. It’s a good move though, it shows they are not self-centered and reliable enough to protect the members of their communities.
If I am to judge bittrex too based on every common negative news I found on them, I wouldn’t be using them but I am using them today because I found the news not true, this is why it will be difficult to judge by news but anyway. It’s a good move though, it shows they are not self-centered and reliable enough to protect the members of their communities.
That was a nice move from bittrex in order to maintain their integirty. Raid IEO was turning out to be a scam due to the fact that they were not truthful with their partnership they claim they had. Its important that the IEO was cancelled by bittrex
I think they cancelled it for a good purpose because I think that their integrity was at stake, I know that this will become the case because we would see a lot of platforms that will want to scam it's users with the motive of creating an IEO, I believe that they saw something bad about that platform that is why they decided to stop the IEO, I believe this is a good move by bittrex and I think scam projects will know be curtailed more than ICO projects because ICO projects cannot be regulated by any platform.
I don’t know how anyone, but I always nodded after bittrex, because this is the first exchanger I’ve dealt with in my career in the cryptocurrency market. In any case, any actions of the administration are always very well thought out and are really serious. All for the benefit of the trading market and for real positive results.
I think they cancelled it for a good purpose because I think that their integrity was at stake, I know that this will become the case because we would see a lot of platforms that will want to scam it's users with the motive of creating an IEO, I believe that they saw something bad about that platform that is why they decided to stop the IEO, I believe this is a good move by bittrex and I think scam projects will know be curtailed more than ICO projects because ICO projects cannot be regulated by any platform.
I don’t know how anyone, but I always nodded after bittrex, because this is the first exchanger I’ve dealt with in my career in the cryptocurrency market. In any case, any actions of the administration are always very well thought out and are really serious. All for the benefit of the trading market and for real positive results. 
I think they cancelled it for a good purpose because I think that their integrity was at stake, I know that this will become the case because we would see a lot of platforms that will want to scam it's users with the motive of creating an IEO, I believe that they saw something bad about that platform that is why they decided to stop the IEO, I believe this is a good move by bittrex and I think scam projects will know be curtailed more than ICO projects because ICO projects cannot be regulated by any platform.
Bittrex is a small shitty exchange compared to binance, they must have realized it.
Disagree with your point. As far as I know Bittrex never show fake volume and that's why we are thinking that is small exchange. They don't pump dump themselves like Binance but do you think it is a good practice. Pump dump better for whales only, I don't like pump dump. Mostly small traders lose their fund like us on their pump dump HYIP scheme. At this point I think better Bittrex for small traders. They cancelled IEO means they are trying to protect their investors and traders. I don't like Binance Launchpad, because general are not able to buy their ICO token. Most likely they hold most of part that token. I appreciate their honesty but that still doesn't change the fact they are shitty. I guess I'll have to repeat myself. They are shitty compared to Binance.
They don't have the power of market manipulation like Binance, that's why their first IEO already has failed.
Its not their first IEO. ICO and token exchange call it anything but its the same thing as ICO and bittrex had done this IEO before. Bittrex is one of the biggest but then of course there is always another one that is coming to dominate. Binance for now is leading but sooner there will be another that will come out.
Lol, this is funny. Few people just decide what to and not to accept? In the end most developers will be creating stuff that have to be approved by the few?
Well, lets wait and see who creates better cryptocurrencies without compromising blockchain ideals nor cut corners .
Well, lets wait and see who creates better cryptocurrencies without compromising blockchain ideals nor cut corners .
Bittrex is a small shitty exchange compared to binance, they must have realized it.
Disagree with your point. As far as I know Bittrex never show fake volume and that's why we are thinking that is small exchange. They don't pump dump themselves like Binance but do you think it is a good practice. Pump dump better for whales only, I don't like pump dump. Mostly small traders lose their fund like us on their pump dump HYIP scheme. At this point I think better Bittrex for small traders. They cancelled IEO means they are trying to protect their investors and traders. I don't like Binance Launchpad, because general are not able to buy their ICO token. Most likely they hold most of part that token. I appreciate their honesty but that still doesn't change the fact they are shitty. I guess I'll have to repeat myself. They are shitty compared to Binance.
They don't have the power of market manipulation like Binance, that's why their first IEO already has failed.
I doubt that Binance is faking volumes, because they don't need it. It's the most popular platform out there where people trade because the rest of their internet buddies trade there. Who trades on Bittrex?
I don't have doubts since I am using both exchange lately. I left others exchange and only using Binance and Bittrex. I realized that about fake volume. Most whales using Binance as far as I know. They are getting profit by pump and dump scheme. It's very difficult to to gain for small traders like us. Binance suddenly show huge volume and then automatically start pump and suddenly dump. So most of small traders or new traders losing funds.
I think bittrex is trying to put their house together because they can't afford to promote a shit project. Cancellation could best mean there are certain things not yet in order.
Bittrex takes perfect decision for its users. I didn't think that was a good project. Someone of my friend said that he will participate that IEO but I said to him that couldn't be a good decision to take participation for that IEO. However, I think now everything is wonderful. We would like only legit, trusted and weightful project for invest.
The first time I read on Bittrex announcement in their twitter about Raid, I am very curious, and I prepare to use some money to buy the IEO. But suddenly, when I feel I am ready to buy the IEO, I see that the IEO was disappeared, so I visit Bittrex twitter and read the information about that. I think they (the team) was not ready to launch their token in the exchange and they need to fix that so they cancel to launch in Bittrex. But I appreciate what Bittrex did so we can know what is going on with the project.
On one hand, Bittrex avoided a huge risk to their reputation. Imagine if they allowed the sale to go on and then all these things caused the price to crash? Bittrex would get all the blame.
Now I'd really like to know if all these came out because Bittrex did some due diligence or because the public discovered all these things? I mean, if Bittrex did research well earlier, they would never have made this announcement first right?
Now I'd really like to know if all these came out because Bittrex did some due diligence or because the public discovered all these things? I mean, if Bittrex did research well earlier, they would never have made this announcement first right?
I'm assuming that the public has something to do with it, and when all hell breaks out, they don't have any choice but to really cancel and go out in the public to look like they're also the victim of the mistrust between RAID and OP. Anyways, I don't think that it will have a huge impact at least for now with Bittrex, but I do hope that when they goes out with another Initial Exchange Offering (IEO) in the future, they should really do their due diligence, as it reflects to their reputation.
On one hand, Bittrex avoided a huge risk to their reputation. Imagine if they allowed the sale to go on and then all these things caused the price to crash? Bittrex would get all the blame.
Now I'd really like to know if all these came out because Bittrex did some due diligence or because the public discovered all these things? I mean, if Bittrex did research well earlier, they would never have made this announcement first right?
Now I'd really like to know if all these came out because Bittrex did some due diligence or because the public discovered all these things? I mean, if Bittrex did research well earlier, they would never have made this announcement first right?
I'm assuming that the public has something to do with it, and when all hell breaks out, they don't have any choice but to really cancel and go out in the public to look like they're also the victim of the mistrust between RAID and OP. Anyways, I don't think that it will have a huge impact at least for now with Bittrex, but I do hope that when they goes out with another Initial Exchange Offering (IEO) in the future, they should really do their due diligence, as it reflects to their reputation.
Just noticed from Bittrex Twitter they cancelled their RAID IEO offering.
I am not sure or they didn't explained yet why they change their mind at the last minutes. But I believe they take good decisions. Because people's believe on Bittrex, not on ICO in my opinion. But I think that decision will effect on their trust also. There many questions could be raise, why they had chosen this project without verify everything? And why they decide to cancel again ?
According to Bittrex they will explain more briefly. Let's see what about their explanation.
I am not sure or they didn't explained yet why they change their mind at the last minutes. But I believe they take good decisions. Because people's believe on Bittrex, not on ICO in my opinion. But I think that decision will effect on their trust also. There many questions could be raise, why they had chosen this project without verify everything? And why they decide to cancel again ?
According to Bittrex they will explain more briefly. Let's see what about their explanation.
To my mind, this was a good move by bittrex.
It's better to be honest and cancel such an event if there are complications. Imagine what would have happen if they were about to host a scam ICO (IEO)!
This behaviour shows the seriousness behind the intentions of the bittrex team.
Now I'd really like to know if all these came out because Bittrex did some due diligence or because the public discovered all these things? I mean, if Bittrex did research well earlier, they would never have made this announcement first right?
It comes after public do their own due diligence. The story is interesting tbh, it seems like RAID about their partnership or public were misinformed, and then message comes out publicly that RAID is having fake partnership. After that the partnership section on their website were removed completely and then Bittrex cancel their IEO. Looks pretty bad for Bittrex, they don't prepare their IEO very carefully and it's embarrassing because public can do a better DD than them.
On one hand, Bittrex avoided a huge risk to their reputation. Imagine if they allowed the sale to go on and then all these things caused the price to crash? Bittrex would get all the blame.
Now I'd really like to know if all these came out because Bittrex did some due diligence or because the public discovered all these things? I mean, if Bittrex did research well earlier, they would never have made this announcement first right?
Now I'd really like to know if all these came out because Bittrex did some due diligence or because the public discovered all these things? I mean, if Bittrex did research well earlier, they would never have made this announcement first right?
I think it has something to do with Raid (https://xrd.gg/) and op.gg (https://www.op.gg/) breaking their partnership and as I result there's nothing Bittrex can do but to cancelled it. So it has nothing to do with Bittrex, they just reacted to the news.
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