CNC - What would it take to fall off BTC-e?

Eb0la

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Quote from: erk on May 20, 2013, 09:43:11 PM

Quote from: Eb0la on May 20, 2013, 09:10:13 PM

[

Okay, look at it today for example (FTC that is). Price this morning was what.. 0.00103ish. They put out a bounty to get miners back involved because lets face it there was hardly ANY miners working on it for the past little bit. NOW the hashrate has gone up, the price of the coin is now at 0.00150 (High of 0.00189) Could it be a pump and dump? Sure it could... but either way life has been put back into it and the initial driving force IN MY OPINION is the bounty + miners gaining interest in it again.

Nonsense, the FTC hash rate is currently Net Hash: 164.45 MH/s worst it's been in days.

If there is a pump and dump going on in BTC-e then that has nothing to do with mining.

Okay then. You have YOUR OPINION. I have MINE. Lets agree to disagree..

jubalix

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Quote from: Hydroponica on May 20, 2013, 08:27:04 PM

Quote from: clint25n on May 20, 2013, 08:25:48 PM

Now this isn't about CNC specifically.
It's just an example of an alt coin that has absolutely no community support, no dev and no speculative future.. but yet remains on an exchange.

So two scenarios:
1.
An exchange can leave an alt coin on their site forever.
It gets pumped/dumped between .0005 - .0015 until the end of time.
Yet too many coins clutter their site and make them look greedy and unprofessional.

2.
I haven't seen a second scenario yet since I am unaware of any alt coin that has been removed from a bigger exchange such as BTC-e.

Please enlighten me; your thoughts?

They have no reason to remove it, tbh. It's not costing them anything to keep it on there, and as long as people continue to trade it, they continue to make $$ off the fees they charge. If people stopped trading it, then they would probably remove it

this +

erk

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Quote from: Eb0la on May 20, 2013, 09:10:13 PM

[

Okay, look at it today for example (FTC that is). Price this morning was what.. 0.00103ish. They put out a bounty to get miners back involved because lets face it there was hardly ANY miners working on it for the past little bit. NOW the hashrate has gone up, the price of the coin is now at 0.00150 (High of 0.00189) Could it be a pump and dump? Sure it could... but either way life has been put back into it and the initial driving force IN MY OPINION is the bounty + miners gaining interest in it again.

Nonsense, the FTC hash rate is currently Net Hash: 164.45 MH/s worst it's been in days.

If there is a pump and dump going on in BTC-e then that has nothing to do with mining.

digitalindustry

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‘Try to be nice’

Quote from: Eb0la on May 20, 2013, 09:10:13 PM

Quote from: erk on May 20, 2013, 09:00:47 PM

Quote from: Eb0la on May 20, 2013, 08:42:12 PM

More miners = more support. More support = more traders.. They are all tied together.

Sorry to shoot holes in your theory, but FTC had good trade on BTC-e and virtually no miners, the net hash rate is about 164 MHash/s

Okay, look at it today for example (FTC that is). Price this morning was what.. 0.00103ish. They put out a bounty to get miners back involved because lets face it there was hardly ANY miners working on it for the past little bit. NOW the hashrate has gone up, the price of the coin is now at 0.00150 (High of 0.00189) Could it be a pump and dump? Sure it could... but either way life has been put back into it and the initial driving force IN MY OPINION is the bounty + miners gaining interest in it again.

i would agree with that , but it's people unloading onto the Xchange also , I don't think its a Pump dump ver2 as such but in the end , there were like 6 million of them mined very early in its existence.

it doesn’t really scream fair and equitable does it?

again as i said , if it was the 1990s no one would care, we would have NO information, problem is we all know don't we, thus add natural human effect. Same with BTCs problem.

Eb0la

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Activity: 350

Merit: 250

Quote from: erk on May 20, 2013, 09:00:47 PM

Quote from: Eb0la on May 20, 2013, 08:42:12 PM

More miners = more support. More support = more traders.. They are all tied together.

Sorry to shoot holes in your theory, but FTC had good trade on BTC-e and virtually no miners, the net hash rate is about 164 MHash/s

Okay, look at it today for example (FTC that is). Price this morning was what.. 0.00103ish. They put out a bounty to get miners back involved because lets face it there was hardly ANY miners working on it for the past little bit. NOW the hashrate has gone up, the price of the coin is now at 0.00150 (High of 0.00189) Could it be a pump and dump? Sure it could... but either way life has been put back into it and the initial driving force IN MY OPINION is the bounty + miners gaining interest in it again.

digitalindustry

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‘Try to be nice’

again , to the X listing every possible currency :

well again that's the Free market , the same "information effect" applies

some Xchange will add everyhting , they will be known as the Xchange that'will add anything , and thier "reputation in the information market" will be held as such.

then-

if Y entity launches and lists on Z Xchange - there will be not much hype about that as everyone knows Z Xchnage takes any entity.

then eventually Z Xchange will start to be viewed as a casino and little more . a pump dump scheme, if that is the sum product of its many parts.

(as it probably would be)

so yes what goes where matters, to both Xchnage and entity.

erk

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Quote from: Eb0la on May 20, 2013, 08:42:12 PM

More miners = more support. More support = more traders.. They are all tied together.

Sorry to shoot holes in your theory, but FTC had good trade on BTC-e and virtually no miners, the net hash rate is about 164 MHash/s

digitalindustry

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‘Try to be nice’

Quote from: Hydroponica on May 20, 2013, 08:32:19 PM

Sadly, it doesn't matter how good a new Crypto currency is, it will still probably be pumped and dumped.

I agree in principal _ but now you are stepping into my knowledge area..

Part of that is economic and socioeconomic and good old human emotion , the irrational exuberance that is built up is often equal in equation to the other side, once the dump has occurred , then of course once the tide goes out one has to add to that the technical detail , plus the "information effect" on the entity.

So a good example is FTC, the Dev probably originally wanted a get rich type profit, and all power to them, this is the free market. But after the dump occurred, somewhere in-between they started to want to really turn it into a viable entity, but the "information effect" has been its ultimate enemy.

An entity like Nibble has no such "Negative information effect" so I full well expect it to gain popularity , have a little irrational exuberance , then list and stabilize , as the dumpers will be purchased by the core of the people with the information about the entity

will it list higher ? yes

after that will it die? No.

will it then raise steadily in an organic way ? more than likely.

There are many other variables , for example if a large company picks it up or things like that . etc etc.

roy7

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Quote from: relm9 on May 20, 2013, 08:44:54 PM

Adding a coin to an exchange isn't like flicking a switch. You need time to vet the code and make sure there's nothing malicious or anything that potentially could compromise security. Not worth the effort for an exchange to add unless there will be enough volume.

So I disagree there... every coin most certainly shouldn't be listed, only the most popular/promising.

Well of course, the exchange has to decide which it's worth their time to implement. But in the context of CNC already on BTC-E, I don't see it'd have any overhead for them to leave it in place vs delisting it. I guess if the volume went down close to zero for a long time, it'd be a way to just reduce web site clutter to cut it.

relm9

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Quote from: roy7 on May 20, 2013, 08:39:54 PM

Quote from: Eb0la on May 20, 2013, 08:35:44 PM

The problem right now with CNC is the diff. If we manage to get that back down I bet you will see activity pick up again. But since that diff is way up there its going to fly under the radar for a while.

Same issue FRC has (had, in about a dozen more blocks).

No reason an exchange shouldn't list every available coin. That's their job. Let the market decide which are worth buying and selling and at what prices.

Adding a coin to an exchange isn't like flicking a switch. You need time to vet the code and make sure there's nothing malicious or anything that potentially could compromise security. Not worth the effort for an exchange to add unless there will be enough volume.

So I disagree there... every coin most certainly shouldn't be listed, only the most popular/promising.

hl5460

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news.8btc.com

Quote from: clint25n on May 20, 2013, 08:25:48 PM

Now this isn't about CNC specifically.
It's just an example of an alt coin that has absolutely no community support, no dev and no speculative future.. but yet remains on an exchange.

So two scenarios:
1.
An exchange can leave an alt coin on their site forever.
It gets pumped/dumped between .0005 - .0015 until the end of time.
Yet too many coins clutter their site and make them look greedy and unprofessional.

2.
I haven't seen a second scenario yet since I am unaware of any alt coin that has been removed from a bigger exchange such as BTC-e.

Please enlighten me; your thoughts?

I watched RUC delisted from BTCE. Checked BTCE's update, you will find:

23/02/13   Closing the trading of currency pairs, RUC/BTC

16/07/12   Closing the trading of currency pairs, SC/BTC

03/04/12   Closing the trading of currency pairs, RUC/USD and the SC/USD

03/02/12   Close of trading on the crypto-currencies of the FBX, TBX

18/01/12   Close of trading on the crypto-currencies of the GG, I0C, CLC, DVC, IXC

Eb0la

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Quote from: erk on May 20, 2013, 08:38:00 PM

Quote from: Eb0la on May 20, 2013, 08:35:44 PM

The problem right now with CNC is the diff. If we manage to get that back down I bet you will see activity pick up again. But since that diff is way up there its going to fly under the radar for a while.

That's not a problem at all, the difficulty has no effect on BTC-e, that's just an issue for miners not traders.

More miners = more support. More support = more traders.. They are all tied together.

BitJohn

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@Bit_John

+1

roy7

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Quote from: Eb0la on May 20, 2013, 08:35:44 PM

The problem right now with CNC is the diff. If we manage to get that back down I bet you will see activity pick up again. But since that diff is way up there its going to fly under the radar for a while.

Same issue FRC has (had, in about a dozen more blocks).

No reason an exchange shouldn't list every available coin. That's their job. Let the market decide which are worth buying and selling and at what prices.

erk

hero member

Activity: 826

Merit: 500

Quote from: Eb0la on May 20, 2013, 08:35:44 PM

The problem right now with CNC is the diff. If we manage to get that back down I bet you will see activity pick up again. But since that diff is way up there its going to fly under the radar for a while.

That's not a problem at all, the difficulty has no effect on BTC-e, that's just an issue for miners not traders.

Eb0la

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Activity: 350

Merit: 250

The problem right now with CNC is the diff. If we manage to get that back down I bet you will see activity pick up again. But since that diff is way up there its going to fly under the radar for a while.

clint25n

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I think if I owned that exchange, I might be concerned that I brought on CNC too early/easily and would be kicking myself now. But only because too many currencies might make my exchange look bad.

Perhaps they should have the main exchange area with the top X number of coins, and then a separate section to trade the minor coins. And as a coin does poorly over a long time period, it could get moved to a third area.. like the dying coins area Cheesy

to eventually fall off the face of the earth if it's success did not soon turn around.

Just an idea.

Hydroponica

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fml

Quote from: digitalindustry on May 20, 2013, 08:30:48 PM

Quote from: Hydroponica on May 20, 2013, 08:27:04 PM

Quote from: clint25n on May 20, 2013, 08:25:48 PM

Now this isn't about CNC specifically.
It's just an example of an alt coin that has absolutely no community support, no dev and no speculative future.. but yet remains on an exchange.

So two scenarios:
1.
An exchange can leave an alt coin on their site forever.
It gets pumped/dumped between .0005 - .0015 until the end of time.
Yet too many coins clutter their site and make them look greedy and unprofessional.

2.
I haven't seen a second scenario yet since I am unaware of any alt coin that has been removed from a bigger exchange such as BTC-e.

Please enlighten me; your thoughts?

They have no reason to remove it, tbh. It's not costing them anything to keep it on there, and as long as people continue to trade it, they continue to make $$ off the fees they charge. If people stopped trading it, then they would probably remove it

well there is , credibility i suppose, but hasn't hurt them yet?

once they put an actual Currency like Nibble on there , one that is proven , not a pump dump scheme then that should bring back some cred for them.

Plus look at that cute little bird !
Ha ha ha.

who wouldn't want that? the Japanese already love it !

Sadly, it doesn't matter how good a new Crypto currency is, it will still probably be pumped and dumped.

digitalindustry

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Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: Hydroponica on May 20, 2013, 08:27:04 PM

Quote from: clint25n on May 20, 2013, 08:25:48 PM

Now this isn't about CNC specifically.
It's just an example of an alt coin that has absolutely no community support, no dev and no speculative future.. but yet remains on an exchange.

So two scenarios:
1.
An exchange can leave an alt coin on their site forever.
It gets pumped/dumped between .0005 - .0015 until the end of time.
Yet too many coins clutter their site and make them look greedy and unprofessional.

2.
I haven't seen a second scenario yet since I am unaware of any alt coin that has been removed from a bigger exchange such as BTC-e.

Please enlighten me; your thoughts?

They have no reason to remove it, tbh. It's not costing them anything to keep it on there, and as long as people continue to trade it, they continue to make $$ off the fees they charge. If people stopped trading it, then they would probably remove it

well there is , credibility i suppose, but hasn't hurt them yet?

once they put an actual Currency like Nibble on there , one that is proven , not a pump dump scheme then that should bring back some cred for them.

Plus look at that cute little bird !
Ha ha ha.

who wouldn't want that? the Japanese already love it !

erk

hero member

Activity: 826

Merit: 500

If CNC is trading, then it serves it's function. Today CNC is trading more than NVC, TRC, and NVM. FTC is the top trader, way ahead of the other alts.

Code:

LTC 124719 LTC / 3282 BTC
FTC 1855196 FTC / 2544 BTC
PPC 235846 PPC / 436 BTC
CNC 420196 CNC / 340 BTC
NMC 35565 NMC / 253 BTC
TRC 49315 TRC / 146 BTC
NVC 3948 NVC / 121 BTC

CNC wouldn't be the first to go based on today's performance.

Topic: CNC - What would it take to fall off BTC-e? (Read 1184 times)