Topic: Bittrex delisting XMR, DASH and ZEC. Will this affect Bitcoin? - page 2. (Read 1050 times)
January 21, 2021, 01:30:08 PM
After published this news the all coins price has dump and it is not good for all coins. When i see this news on Social media, then i can't believe this news. This is really very bad news for XMR, DASH, ZEC coins.
January 09, 2021, 01:11:19 AM
More and more privacy is taken away from us.
XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?
https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?
https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
I don't think this will affect Bitcoin and major Alts at all.
Bittrex is delisting privacy coins due to tightened regulations and my guess is that most of the big exchanges will follow this move soon. This will affect only the price of the privacy coins thou.
January 09, 2021, 12:49:35 AM
It appears the regulators are pushing anonymous coins to grey market exchanges without KYC and decentralized exchanges hehe. This will be their mistake hehe. This will cause the grey markets to grow as the demand for anonymous coins grow. Regulators should want them in compliant exchanges where they can monitor them.
Yeah. You are right. They made mistakes like what the Chinese governement made and forced their companies to find many different ways to decentralized their operations and switch their operations far beyond of China mainland.People always find out a way to make their lives better. I believe very strongly that anonymous or privacy coins won't die easy as that. It is an ignorance on the fact that they are true anonymous or privacy coins, I assume they are indeed. Governments are more stupid than their citizens and they only have power in hands to ban, restrict what they can not control on.
January 09, 2021, 12:42:50 AM
It appears the regulators are pushing anonymous coins to grey market exchanges without KYC and decentralized exchanges hehe. This will be their mistake hehe. This will cause the grey markets to grow as the demand for anonymous coins grow. Regulators should want them in compliant exchanges where they can monitor them.
January 09, 2021, 12:34:52 AM
The best thing about taxes is that we have the ability to move to another country and there's plenty tax havens to choose from.
It's possible to avoid them just not the way people thought it would be.
We'll see if money from altcoins will move to bitcoin but looking at the price of XRP vs Bitcoin right now it looks like this is happening. I'm almost sure that if all centralized altcoins were to die right now we'd have a huge pump on BTC.
The crypto market will not have only bitcoin and altcoins will be on the market for so long. Altcoins are created as forks from bitcoin then fork from grandfather altcoins. They are created to catch investment capital (in fiat or in BTC) and to steal capital of investors. You can consider them as tools to help whales steal fiat or bitcoin from most to a few.It's possible to avoid them just not the way people thought it would be.
We'll see if money from altcoins will move to bitcoin but looking at the price of XRP vs Bitcoin right now it looks like this is happening. I'm almost sure that if all centralized altcoins were to die right now we'd have a huge pump on BTC.
But they, altcoins, will survive and exist on the market. I don't doubt about their future. They are struggling to break out and begin their alt season.
https://www.blockchaincenter.net/altcoin-season-index/
January 08, 2021, 04:23:48 PM
So probably with all regulations that will take most of the privacy away and make it a near-impossible task to avoid taxes, this ain't going to stop the bull run.
The best thing about taxes is that we have the ability to move to another country and there's plenty tax havens to choose from.
It's possible to avoid them just not the way people thought it would be.
We'll see if money from altcoins will move to bitcoin but looking at the price of XRP vs Bitcoin right now it looks like this is happening. I'm almost sure that if all centralized altcoins were to die right now we'd have a huge pump on BTC.
January 08, 2021, 01:30:48 AM
IMO, it could impact Bitcoin in a positive way, imagine, delisting XRP which have a huge market cap, and what might happen is that, most of the hodlers of XRP will probably sell their XRP to Bitcoin and the market cap of Bitcoin will increase further. There's still a possibility that some holders will cashout their funds. On the other hand, I have read a news concerning XRP, it states that XRP will burn a portion of its supply and I think that will be good as lowering the supply will increase its demand and price. If people know this, they might go back and buy XRP again. Just a usual pump and dump that we can experience in XRP.
January 08, 2021, 01:20:30 AM
I think Bitcoin will be affected but it will gain favorable result as most of the Altcoins owners are now selling their Alts for Bitcoin so if these 3 altcoins market will slow down then most of its owner will sell and will find some investment in which Bitcoin will be the first choice for sure but in talking of Bitcoin price might falls too after delisting then I could say that the price of each crypto is totally independent and it has nothing to do with Bitcoin market.
but how can we be so sure that they are selling their alts for btc , what if they only sell their alts because of this exact reason which is the delisting of these alts on certain exchange and if they want btc they wont have a reason buying those altcoins at the start and theres more alts left that they can choose from after they sell or after this alt delisting event .but idk , their minds can also change and they can also consider bitcoin especially during these times when they saw how btc improve alot in terms of profitability .
January 08, 2021, 12:44:32 AM
Ideally privacy coins should not be traded in regulated exchanges. Coins such as Monero and Zcash were invented in order to provide the maximum level of anonymity for the users. When that is the case, the fact that the majority of their trade volume comes from regulated exchanges is quite surprising. Ideally, these coins should be traded in P2P or DEX sites, which offer more privacy protection.
January 08, 2021, 12:25:56 AM
Maybe privacy coins delisting is among the number of facts why Bitcoin goes to the Moon, but I'm not sure about direct correlation.
January 08, 2021, 12:07:45 AM
I thought that after the news that came about the FinCEN announcements regarding more and more crypto regulations and the actions taken by the exchanges to follow those regulation there will be a bit of negative influence over the price of bitcoin and FUD because nobody wants to have crypto regulated and under government's control.
There is no negative influence on the price because unlike others bitcoin was not targeted directly and from the looks of how things are going, it will escape most of the measures that both xmr and xrp are facing. As for the mandatory enforcement of KYC, like the 10k transfer rules are not actually hitting the new wave of investors if we want to call them that.
Institutional investors and funds already do that, most normal users that just came to the market don't throw around sums of money that big, and a lot of them are not even thinking of withdrawing coins, they bought coins on the exchanges like they buy shares they have no other plan than leaving them there and selling when they make a profit, technically they will never see a satoshi. As for the previous wave of bitcoiners, they already have a high stake in the game and they already know how to avoid this, so no panic from them either.
So probably with all regulations that will take most of the privacy away and make it a near-impossible task to avoid taxes, this ain't going to stop the bull run.
January 05, 2021, 10:57:17 AM
More and more privacy is taken away from us.
XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?
https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
I think only if other exchanges will follow in the delisting of these coins would it affect them in anyway.XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?
https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
As we can see with ripple after their lawsuits with the SEC you can see the fallout from that with the value of the XRP token being cut in half during a bull run.
I remember many moons ago Dash was in talks with merging their coin with bcash. As you can see that didn't happen but when tokens start talking about merging with another token then it does not end very well.
adding or merging with dark features - they might not care but delist
January 05, 2021, 10:32:28 AM
More and more privacy is taken away from us.
XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?
https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
I think only if other exchanges will follow in the delisting of these coins would it affect them in anyway.XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?
https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
As we can see with ripple after their lawsuits with the SEC you can see the fallout from that with the value of the XRP token being cut in half during a bull run.
I remember many moons ago Dash was in talks with merging their coin with bcash. As you can see that didn't happen but when tokens start talking about merging with another token then it does not end very well.
January 05, 2021, 10:28:11 AM
More and more privacy is taken away from us.
XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?
https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?
https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
In my opinion, it will not affect the price of bitcoin because so far what can affect the price of bitcoin is bad news about bitcoin or a decrease in investor confidence in bitcoin. I think there are still many altcoins that have a good effect on the price of bitcoin.
January 05, 2021, 09:23:15 AM
I thought that after the news that came about the FinCEN announcements regarding more and more crypto regulations and the actions taken by the exchanges to follow those regulation there will be a bit of negative influence over the price of bitcoin and FUD because nobody wants to have crypto regulated and under government's control.
January 04, 2021, 06:27:32 AM
EU AMLD5
US AMLA (act)
UK FCA
http://fcpacompliancereport.com/2021/01/major-changes-aml-compliance-enforcement-part-1-introduction/
https://www.nytimes.com/2021/01/01/arts/design/antiquities-market-regulation.html
got activated NOW
US AMLA (act)
UK FCA
http://fcpacompliancereport.com/2021/01/major-changes-aml-compliance-enforcement-part-1-introduction/
https://www.nytimes.com/2021/01/01/arts/design/antiquities-market-regulation.html
got activated NOW
January 04, 2021, 03:54:59 AM
More and more privacy is taken away from us.
XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?
https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?
https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
I can't see any connection to it, pretty sure it can affect the XMR, DASH and ZEC but with regards to bitcoin then there is not connection that I see in order to affect the bitcoin price from the decision of Bittrex.
Why not? People would finally understand that all cryptocurrencies except Bitcoin are not far from shit and would move their money from XMR, DASH, ZEC and such stuff into thing that really matters. Developers would unload their brains from unnecessary tasks and advance the technological stack of Bitcoin . Win situation for bitcoiners.
January 04, 2021, 02:33:23 AM
Take your PayPal example here, when an average Joe buys bitcoin from PayPal it won't affect the actual bitcoin price that is determined on bitcoin exchanges such as Coinbase, Bitstamp, Kraken or even Bitfinex. Why? Because PayPal is not linked to any of them. If all average Joes dump all their PP.BTC right now it won't affect the bitcoin price either for the same reasons. Now if the same amount were dumped on Coinbase for instance the price will be affected and will drop.
PayPal itself has bought a certain amount of bitcoin (unless they are lying) and is selling THAT to its users. So if there were any influence it had already happened when they made the purchase not every day. Whereas we are seeing the price rise every day.
PayPal itself has bought a certain amount of bitcoin (unless they are lying) and is selling THAT to its users. So if there were any influence it had already happened when they made the purchase not every day. Whereas we are seeing the price rise every day.
This is where you're mistaken, fortunately.
Paypal is not buying anything directly, all the purchases and sales are directly passed to Paxos and they are settling the accounts.
Seriously do you think Paypal would have bought 1000 bitcoins at 10000 and they are selling those now to people at 30k? What if the opposite happened?
No, they are settling every order in real-time, and yeah, they are influencing the market, as I always say on this forum, like it or not, nothing you can do, and even worse is coming, I have a feeling all the exchanges we'll be done in a few years in virtualBTC just like gold, PPBTC is just the begging.
Why would privacy coins have an impact over the Bitcoin price?
The only impact of this decision I can think of is the fact that many traders will move their investments out of XMR,DASH and ZEC and buy more BTC.
The only impact of this decision I can think of is the fact that many traders will move their investments out of XMR,DASH and ZEC and buy more BTC.
Hihi, there, you've found the answer yourself!
January 04, 2021, 01:53:15 AM
More and more privacy is taken away from us.
XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?
https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?
https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
Why would privacy coins have an impact over the Bitcoin price?
The only impact of this decision I can think of is the fact that many traders will move their investments out of XMR,DASH and ZEC and buy more BTC.Crypto traders might choose to buy some altcoins instead of BTC,but Bitcoin is THE KING of crypto and always will be.
De-listing privacy coins from crypto exchanges was something that we pretty much expected.
I guess that Monero,DASH and ZEC will become "fully darknet" privacy coins now(mostly Monero).
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January 04, 2021, 12:54:40 AM
I don't think this will be the case. if Bittrex delist privacy coins then those privacy coins investors will more to another exchange. they just don't switch to Bitcoin like that. it is not the way to force people to switch to Bitcoin.
Well it doesn't usually happens that way especially when the projects been delisted are target of the government board like SEC. With time all exchange will begin delisting the coins so in the long run money will start flowing form those projects into other projects and bitcoin is most likely going to be the beneficiary.
For the question in the OP, I think it has been answered already as there's no way thingy happening to altcoins will have an impact on the bitcoin market instead when altcoins are faced with bad news it strengthen the bitcoin market and increase its dominance on the market.
Bittrex started the trend and soon other exchanges will follow. It's quite sadden as the investors would be very devastated. After years of holding through the bear, they get this kind of treatment, quite sad.
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