We BTC is in extreme peak we should not worry about it, I agree most of the exchanges are delisting many coins especially XRP as become a scapegoat just because of US SEC news. Now holders are exiting from many alts and focusing in BTC that's how it is gradually increasing. I think this is an advantage for BTC as well as trust plays a important role.
Right now BTC has been a absolute gem and many and many are investing more money so need not to worry about dump just keep on watching the price of BTC it is all set to touch 30k.
Topic: Bittrex delisting XMR, DASH and ZEC. Will this affect Bitcoin? - page 4. (Read 1050 times)
January 02, 2021, 07:08:21 AM
January 02, 2021, 06:47:57 AM
If I were to manage or run an exchange...
But you're not!
It's easy to comment on the side but when you're caught in the middle and you're facing fines and even worse things all the toughness melts away and is its turn to hide away in its momma's basement. Big exchanges make a lot of money from trading, dropping a pair that barely makes it to top 10 volume while still keeping friendly with the authorities is the way of survival, when you already make millions it makes no sense to act like a hero, real heroes don't come back from battles.
They are now resorting to other means of hopefully bringing them down. And just like their past attempts, and even huge bounty on cracking Monero, these recent steps wouldn't make these privacy coins worthless. As a matter of fact, all these attempts from government authorities are actually adding more weight to these coins' existence, making their arguments more valid than ever, although they also push them underground.
Yeah, pushing them underground with no exchange, no cashflow, no real-life utility...what will the price be at that time?
Let's have a little imagination exercise and let's look at bitcoin with no exchanges, no ATMs, no Paypal, no Grayscale, no shops accepting it, just dark market usage. What tag price you pin on it?
January 02, 2021, 06:36:19 AM
It was only a matter of time before things like this started to happen, because if some politicians and bankers consider Bitcoin dangerous in the sense that it encourages criminal activity and makes it harder to combat it - then what can we expect from the same people to say about cryptocurrencies that have a much higher degree of anonymity? Fortunately for them, the vector of attack on such cryptocurrencies is very simple - first you put pressure on crypto exchanges to remove them, then you start making accusations against the owners and finally you legally declare them illegal in every sense. Of course, this does not mean the end in the sense that these coins will cease to exist, it will only be more difficult to trade with them, at least as far as centralized exchanges are concerned.
Bitcoin is on its way, I do not see any bad consequences of these moves on the further development of the situation in terms of continuing the positive trend.
Bitcoin is on its way, I do not see any bad consequences of these moves on the further development of the situation in terms of continuing the positive trend.
January 02, 2021, 05:24:42 AM
I think delisting these coins are not good if you look at the entire industry. Otherwise, I don't it will impact Bitcoin and if the Hodling continues then nothing can stop BTC.
January 02, 2021, 05:07:43 AM
I think having exchanges dump you is just part of the ride... Most of these exchanges are just wanna be banksters that will eventually evolve... I don't think cryptocurrency is tied to the hip of traditional banking (and that's a good thing).
Accepting fiat is profitable, but comes with a lot of bullshit.
FreeBitcoins.com's XChange is happy to support XMR, DASH, & ZEC with our Bitcoin based markets.
Accepting fiat is profitable, but comes with a lot of bullshit.
FreeBitcoins.com's XChange is happy to support XMR, DASH, & ZEC with our Bitcoin based markets.
January 02, 2021, 05:04:12 AM
I'm curious what is the reason behind the removal of these cryptocurrencies. Hopefully authorities haven't made some orders regarding the trading of anonymous cryptocurrencies. These coins have more than decent volume and they're veterans in the space so it wouldn't make sense for Bittrex to delist them from a business point of view.
January 02, 2021, 04:56:36 AM
There's one very easy solution to this problem:
1. Withdraw all crypto from your accounts
2. Install Bisq
3. Enjoy trading without fear of restrictions and bans!
Now to answer the title of the topic, this only further proves that my earlier thoughts about improving default privacy through BTC are slowly being confirmed: hostility against privacy is a thing of the near future and if we ever push BTC into the privacy zone, it'll be significantly affected since everyone will want to jump out of the falsely advertised "criminal's" boat.
I actually have a new thesis for what's actually going on: we already know that Bitcoin will most likely have a better privacy by default than it currently does. I doubt the institutional investors don't know about it; what if they're actually purchasing a huge load of BTC only to allow the usual bull cycle to happen while actually waiting for those new privacy features to be added so that govs come with heavy hostility against BTC and all those billions of USD pushed today by institutional investors in BTC are going to be dumped all-in-one?
1. Withdraw all crypto from your accounts
2. Install Bisq
3. Enjoy trading without fear of restrictions and bans!
Now to answer the title of the topic, this only further proves that my earlier thoughts about improving default privacy through BTC are slowly being confirmed: hostility against privacy is a thing of the near future and if we ever push BTC into the privacy zone, it'll be significantly affected since everyone will want to jump out of the falsely advertised "criminal's" boat.
I actually have a new thesis for what's actually going on: we already know that Bitcoin will most likely have a better privacy by default than it currently does. I doubt the institutional investors don't know about it; what if they're actually purchasing a huge load of BTC only to allow the usual bull cycle to happen while actually waiting for those new privacy features to be added so that govs come with heavy hostility against BTC and all those billions of USD pushed today by institutional investors in BTC are going to be dumped all-in-one?
January 02, 2021, 04:51:27 AM
this sounds simillar to the thread with a title " coinbase delist xrp , will this affect bitcoin " not sure if is that also you who open that thread or another member .
its not bitcoin that is getting delisted why it will affect btc but they say that btc will show an increase because if those alts get delisted , investor that invest on those coins will move on and possible consider bitcoin leading for btc to have an increase in its price .
is the removal of those alts also relate with sec same as xrp?
its not bitcoin that is getting delisted why it will affect btc but they say that btc will show an increase because if those alts get delisted , investor that invest on those coins will move on and possible consider bitcoin leading for btc to have an increase in its price .
is the removal of those alts also relate with sec same as xrp?
January 02, 2021, 04:39:11 AM
That was expected because of the SEC pressures from those platforms that were based or have a business operation in the US territory, the Monero's privacy-centric features were considered by US SEC and other agencies as a potential threat to their operation because of its superb privacy function. and we are not surprised if many other exchanges will follow that move sooner or later.
January 02, 2021, 03:56:02 AM
If anything at all I think this is very good news to see these exchanges desisting privacy coins XMR DASH and ZEC.
If people are selling the coins for Bitcoin, thats even better. Now we can all hope that hodlers of these coins will exchange these coins for BTC and pump into the marketcap.
If people are selling the coins for Bitcoin, thats even better. Now we can all hope that hodlers of these coins will exchange these coins for BTC and pump into the marketcap.
January 02, 2021, 03:42:13 AM
It only curtails privacy coin, so we can call that there will be no effects. But the question is if those investors liquidate, where are they going to move their capital? then the answer could be bitcoin. So that's where the market will benefited to say the least. And as far I can remember,
This is 2019:
[1] South Korea’s Upbit Becomes Latest Exchange to Delist Privacy Coins.
[2] OKEx Korea Reviewing Decision to Delist Privacy Coins Zcash and Dash.
So there is already a precedent.
This is 2019:
[1] South Korea’s Upbit Becomes Latest Exchange to Delist Privacy Coins.
[2] OKEx Korea Reviewing Decision to Delist Privacy Coins Zcash and Dash.
So there is already a precedent.
January 02, 2021, 01:55:44 AM
I only think about it will affect bitcoin price because when those coin investors try to sell their coins at once before it is delisting, they will move their money to bitcoin and if that so, maybe that can lift the bitcoin price to increase higher.
One by one, the coin is delisted from the exchange.
I think the government has forced the exchanges to delist the privacy coins such as XMR, DASH and ZEC without telling their reason to do that thing.
The crypto market will refresh with a new coin listing on the exchanges, and it will be different from the last years.
If this can bring a better situation to the crypto market, then the delisting will be worth to do, but if it's not, I do not know what will happen to the crypto market.
One by one, the coin is delisted from the exchange.
I think the government has forced the exchanges to delist the privacy coins such as XMR, DASH and ZEC without telling their reason to do that thing.
The crypto market will refresh with a new coin listing on the exchanges, and it will be different from the last years.
If this can bring a better situation to the crypto market, then the delisting will be worth to do, but if it's not, I do not know what will happen to the crypto market.
January 02, 2021, 01:44:26 AM
These news are really crummy for investors who have these crypto in profile like me. I am confused what to do now, hold or sell as I have some portion of my portfolio invested in XMR, DASH, ZEC & XRP, or it is too late to sell.
January 02, 2021, 01:35:55 AM
Well, I thought only XRP was delisted on Binance but sad to know that there are also 9 altcoins that were delisted. I don't know what would be the effect of the bitcoin price but these privacy coins are not a big deal to bitcoin because there are too many altcoins that supposedly a replacement to them. Perhaps, my assumption is bitcoin price will pump up because those investors of that altcoin will surely move to bitcoin or either in ethereum which is a perfect move to them.
Regulation of cryptocurrencies by states will only intensify over time. Especially in this matter, the United States and its SEC stand out, which has already become the cause of many scandals with cryptocurrency. An attack on coins with a high degree of anonymity was inevitable. However, there will always be exchanges and states where Monero, ZCash, Dash and other anonymous coins will feel safe. Because there will always be a demand for these coins. January 02, 2021, 01:06:31 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
There will be no effect on the bitcoin price if exchanges delisted them. People will sell these privacy coins and move their money into bitcoin which will make bitcoin more stronger. We have seen price dump in these privacy coins and it will continue as more exchanges may take similar steps. Bitcoin dominance may further increase due to this.
January 01, 2021, 11:17:48 PM
One can assume that after delisting privacy coins Bittrex' customers will switch to Bitcoin, so the price will go up.
I don't think so, much likely they will switch to other exchanges that still allow to trade privacy coins or use DEXs. Even though all CEXs will delist privacy coins, they will not become deadcoin since they can still can be traded on DEXs (but the problem is pretty low volume on there).It's between less or nothing affect on Bitcoin since I don't find any correlation between XMR, DASH and ZEC with pseudo-anonymous coin, those coins only affect on another privacy coins [1] https://www.coingecko.com/en?category_id=privacy-coins&view=market
January 01, 2021, 11:00:51 PM
It may affect Bitcoin, but it's early to draw any conclusion. One can assume that after delisting privacy coins Bittrex' customers will switch to Bitcoin, so the price will go up.
January 01, 2021, 10:18:16 PM
This will only affect all the privacy coin listed on US-based exchange though some exchange might follow but it just that. More people will still use privacy coin.
Since a privacy-coin user will always use a privacy coin no matter what happens especially if the government make a move against it.
Since a privacy-coin user will always use a privacy coin no matter what happens especially if the government make a move against it.
January 01, 2021, 08:50:59 PM
No effect of course, Bitcoin is not a privacycoin, duh. The interesting part will start when or if Bitcoin will adopt privacy enhancements in its protocol. It will largely depend if they will be opt-in or not. If it's opt-in, then it will be a lot like Coinjoin - some exchanges will ban it to comply with KYC/AML laws. But if Bitcoin will become a full privacycoin, it will be a matter of time before big governments will start banning it. That would mean goodbye to high prices, giant hashpower, big network of nodes, potential for mass adoption, etc.
They're not really taken away from us. They failed to break these privacy coins. They are now resorting to other means of hopefully bringing them down. And just like their past attempts, and even huge bounty on cracking Monero, these recent steps wouldn't make these privacy coins worthless. As a matter of fact, all these attempts from government authorities are actually adding more weight to these coins' existence, making their arguments more valid than ever, although they also push them underground.
I don't think it will affect Bitcoin's price.
I don't think it will affect Bitcoin's price.
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