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Topic: Bittrex cancelled RAID IEO Offering at the last minute. - page 2. (Read 290 times)

sr. member
Activity: 980
Merit: 256
Decentralized Ascending Auctions on Blockchain
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.
This is a guarantee for their investors. Bittrex is always a safe exchange for everyone and a RAID cancellation will make Bittrex more prestigious. Personally, I still don't like this project because in fact they don't have many communities and their website was only built a month ago.
hero member
Activity: 1022
Merit: 503
Looks like bittrex trying to catch up with binance as so they also launching IEO though oddly part is maybe they later found out that RAID is just another scampany.

Freezing people's accounts was so annoying i also stopped using it for that reason but when it comes to faking volumes, I think bittrex does not do so just like binance. They are big exchanges and don't need to spoil their reputation.

And freezing the accounts triggered its customer to pull out their funds and switch on the other sites. I remember that they freeze the account without informing first hence did an announcement, geez this has gotten to our nerves back then.
hero member
Activity: 3010
Merit: 794
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. 
Bittrex used to be the main pump and dump platform before they started to close and freeze accounts. It was the number one exchange for a while based on volume, and now it's Binance.

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 like pumps and dumps either, which is why I don't participate in them, but hundreds of thousands of other traders do like them, and the best place for this is Binance right now.
Bittrex days is over and now on the current position is Binance.They are actually the same when they are still on their glory days. Pump and dumps is always been there
even on Bittrex.
People would always choose up on exchangers basing popularity doesnt matter if it do fake volumes or whatsoever as long it is suggested by their friends or commonly used by the community.  Grin
legendary
Activity: 2338
Merit: 1261
Heisenberg
Bittrex used to be the main pump and dump platform before they started to close and freeze accounts. It was the number one exchange for a while based on volume, and now it's Binance.

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?
Yes, it used to be a pump and dump platform, and they failed to manage that issue very well, that's how binance over took them. Freezing people's accounts was so annoying i also stopped using it for that reason but when it comes to faking volumes, I think bittrex does not do so just like binance. They are big exchanges and don't need to spoil their reputation.

It's small budding exchanges that do try to fake volumes.
legendary
Activity: 1526
Merit: 1179
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. 
Bittrex used to be the main pump and dump platform before they started to close and freeze accounts. It was the number one exchange for a while based on volume, and now it's Binance.

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 like pumps and dumps either, which is why I don't participate in them, but hundreds of thousands of other traders do like them, and the best place for this is Binance right now.
legendary
Activity: 2394
Merit: 2223
Signature space for rent
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. 
legendary
Activity: 3276
Merit: 2442
Bittrex is a small shitty exchange compared to binance, they must have realized it.

Not every exchange has the same pump/hype power as binance.

If an IEO from bittrex fails, it would damage the reputation of the exchange beyond repair.
hero member
Activity: 1460
Merit: 573
Most likely that RAID project is a scam

Exchange reputation is more important than money

look at this information



https://ru.op.gg/
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
Definitely sucks that Bittrex cancelled the listing last-minute, but if things happened as the member above had posted, Bitmex might not be in the wrong as much. Also looking forward to what sort of explanation Bittrex will release; I considered using the exchange a few months ago but this might change my mind somewhat. I know several people that claim Bittrex is mostly a legit exchange with real volume and such, this’ll definitely have some sort of impact on the trust people have on the exchange.
hero member
Activity: 672
Merit: 526
But they explained, the Raid team made some modifications a few hours before Bittrex started the offer. In addition, there are several doubts about the legitimacy of the RAID team. I would not invest in this project. It would be the first project launched by the platform, would be disastrous for Bittrex if it was not a good project.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag


Its usually the funds that are the cause of issues like this. Maybe the team asks for the funds to be issued right after the IEO or perhaps about the percentage bittrex would get. This is just me talking though. This is just my opinion.

Bittrex have done this before during 2016 as far as I can remember they did it with DAO and some casino coin back then so they know a lot about IEO which its not what its called also during that time.
legendary
Activity: 2394
Merit: 2223
Signature space for rent
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.
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