Coins listed on Binance through the community coin vote show 24% price decrease

patz22

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Quote from: matchi2011 on March 01, 2020, 09:02:00 AM

Quote from: patz22 on March 01, 2020, 06:57:45 AM

~

For real, this kind of act is being around this business, once the project able to reach exchange from community votes those bounty hunters are there
to sell and dumped the rewards they've received from the development team, project will suffered as it will be a continuous selling pressures than for investors to ride in without any potentials but if in case there's certain kind of offers from the team where new investment will be derive inside.

And with that, we cannot blame the team who handles the project to hold the rewards for a year and I have seen some projects who only give 10% each month just like Quaras wherein they only do monthly distribution for a year, anyways, when it comes to binance community voting, I am rooting for ETN, it is indeed a good project and ICO of the year 2017, developments over and over.

kindbtc

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I do not know why but this binance listing curse seems like a real think, there were a lot of projects that i followed from their tokensale events to listing that were doing fine but when they got listed on binance there bad days started and they dumped as hard as possible, i do not know the reasons for this but most of the tokens you can check are multifold down since they started trading on binance.

gielbier

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I think if the coin list through voting it feels less good because it relies on the community, but if the coin is really listed by binance or launching IEO, maybe the coin can go up after open trade.

thisnewcoin

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Quote from: grubal on March 01, 2020, 09:52:02 AM

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thisnewcoin

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This is very normal nowadays! Every announcement from Binance exchange about new coin listing creates a good hype in crypto markets and to all traders! Even I turned on the notification in Binance twitter, so, I can get all the announcement at the first stage, so, I can buy the token! Almost every community voting competition, both coins price increases highly! So, if you buy those coins before the competition then you will get 20-30% profit surly!

Jannyh

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I also noticed that especially after following the voting and listing of MBL, it's price went down drastically, I also noticed some coins also listed fell in price, right now,I wouldn't really judge because the market isn't as stable ,I believe when the market is stable there will be an upward movement for such coins,but till then let's keep a close watch.

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luckyflop

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Quote from: nreal on March 01, 2020, 09:16:28 AM

I have a feeling every vote to list a coin on Binance is like a game. The fastest people will win, when they can buy before prices rise too high and sell before going down. Up to now, I have not dared to buy any coin voted to be listed on Binance

Even losing projects are listed in binance. I don't know what purpose they created the voting contest, but I found it completely pointless. In addition Fomo the altcoins listed in the new exchange are an equally stupid, price that will inevitably fall down shortly after being listed. I have seen hundreds of projects like that

nreal

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I have a feeling every vote to list a coin on Binance is like a game. The fastest people will win, when they can buy before prices rise too high and sell before going down. Up to now, I have not dared to buy any coin voted to be listed on Binance

Ridwan Fauzi

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Actually if you intens to figure this thing you will be aware a long time ago. Even I will say it that this thing will be a culture in cryptocurrency industry, I mean when a coin has been successfull being listed on the exchange then you just need several times to see that its price will be decreasing. But before that the price will be pump first to attract many people but after that you know by yourself.

I don't know how to avoid it, because sometimes we need to support the new coin if the coin has a good function for the utilization but in the fact we will face this thing. And seem like this will be hard to change. So as many people out there who have known cryptocurrency they will avoid to invest to new coin, they will choose the old coin especially bitcoin to avoid getting lose when they spend a lot of money.

matchi2011

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Quote from: patz22 on March 01, 2020, 06:57:45 AM

I believe that most tokens or coins who got listed in binance for free have that struggle of dump that is because it is voted by the community and this community mostly are from participants of their bounty or airdrop in which they would be selling it once it got listed and I am not saying all but there are only few who will hold it

For real, this kind of act is being around this business, once the project able to reach exchange from community votes those bounty hunters are there
to sell and dumped the rewards they've received from the development team, project will suffered as it will be a continuous selling pressures than for investors to ride in without any potentials but if in case there's certain kind of offers from the team where new investment will be derive inside.

Yudhisthir

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If you look at the price, both of VIDT and MovieBloc coin have a sharp growth after their announcement as the two option for community voting. Both of them went through a correction but still their price lies twice more than they were before the announcement. Similarly the prices would increase when the coin would win the voting and remain high until it gets listed on binance. And after that listing, people would be looking to tap their profit, which would bring their prices down. But be sure they are much more higher than what the price were before the announcement.

mdzahed134

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I know about MBL coin and i think we shouldn’t expect too much from all of those are getting free listing by vote you mentioned a lot of tokens. MBL never deserved to list most biggest exchange Binance even if they will go list way of paid. Those hype coins are profitable for short term trading.

TheClownSong

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Quote from: Kunnu on February 29, 2020, 09:16:21 AM

I think If a coin/token is listed on binance through voting then we may expect positive results of these coins/tokens because it shows us a clear sign of reliability after all the thinking of crypto community really matters that's why I believe voting procedure is absolutely a nice way and it's really good to see that some big cryptocurrency exchanges are adopting voting procedure.

Voting is a popular way of exchanging coins and having a large community. Exchangers certainly hope the transaction value will increase and also the number of members will increase and with the voting campaign, I think this is an effective way to achieve that goal

patz22

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I believe that most tokens or coins who got listed in binance for free have that struggle of dump that is because it is voted by the community and this community mostly are from participants of their bounty or airdrop in which they would be selling it once it got listed and I am not saying all but there are only few who will hold it

CryptoTech_

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Quote from: Zidan Bst on February 29, 2020, 06:34:21 AM

Maybe the price can easy to dump because the project don’t pay to get listed on there.
Based on the fact, As a Trader want to get profit can Buy on rumors and sell on news. This is one of the fundamental Analys.

Not pay ? Then do you think if he pays the price will always be good ? No.
It all depends on the project itself, there are also tokens that are listed in binance without paying a penny but the price is good.
For example: OGN, didn't pay the listing fee but the price is good so far

pakhitheboss

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Quote from: Xangle on February 28, 2020, 01:20:04 AM

Coins listed on Binance through the community coin vote show a price decrease of an average 24% after 7 days
https://xangle.io/project/MBL/disclosures/5e53368aaa40c06ddf417e9f

Coins listed on Binance through the community coin vote had the highest earnings on the day of the announcement – after listing, token prices showed a tendency to decline. This shows the ‘Sell on News’ effect where price increases before official announcement and decreases after.
This analysis was conducted to investigate the effect of voting on listing, which is becoming a trend among exchanges.

According to crypto disclosure platform Xangle, MovieBloc announced that it was listed on Binance after a coin vote on the 21st. Six days after the listing, Moviebloc was down 41%.

Six coins, NKN, ARPA, CTXC, VITE, DREP, and MovieBloc, have been successfully listed on Binance through the coin vote.

The average price increase rate of the six coins on the day of the voting announcement was 60.08% higher compared to 24 hours ago. On the day of listing, the price fell 7.45%; after 7 days, it decreased by 24.07%. NKN was the only coin that showed a price increase.

Most of these coins were launched using the Binance Launchpad platform. Most of them did not even achieve the set funds and shortly afterwards were listed on the exchange, which eventually led to there decline. The hype is over now..

tiang_tower

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Quote from: tulpe123 on February 29, 2020, 09:29:10 AM

Binance lisitng effect is working but not for a long time

I think it's a natural thing, because all coins have also experienced price declines, so don't assume that if you are already listed in the exchange binance, the coins will always increase, because supply and demand in the market always happens and it's not always the same, and the goals from the vote it is for listed only not to make the price of coins go up.

Kotone

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Quote from: Zidan Bst on February 29, 2020, 06:34:21 AM

Maybe the price can easy to dump because the project don’t pay to get listed on there.
Based on the fact, As a Trader want to get profit can Buy on rumors and sell on news. This is one of the fundamental Analys.

That's not true I think. Even paid or free coin price will depend on its traders and investors. On the other hand, fundamental analysis also become a sort of a trend now, while everybody causing a panic heart attack when some coins just dump fast is really a sign of high manipulation on the market. Anyway that's how it is.

fuer44

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indeed it cannot be a 100% guarantee, but at least the results of the voting show that the community knows that tokens will have good prospects at exchangers such as binance. although in the end the price will go down, it's natural because the sales volume will certainly be higher than the purchase after the token on the listing. but it is better than listing to exchangers who are not well known and even rarely used by people in general and eventually coins or tokens will really die.

Botnake

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I am not aware of the clear picture of all the coins listed, but based on what I notice, when PundiX was listed in Binance through community voting, it dump really hard and it seems like it will die in Binance. IIRC, I read an article before that Binance is responsible for pumping the coin listed that pays them so the hype started and big traders followed the hype, for free, there is no money involved so Binance can't help that.

Twinkledoe

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Quote from: letyouearn on February 29, 2020, 05:44:20 PM

Yeah, same picture everywhere. It's time to analyse all this situations and make some conclusions. Each coin is just a manipulation instrument - no matter what the idea of the projects is.

This alarming situation is not only happening in Binance. Same with other exchanges that are holding IEO programs. And I think, they are far worse than BNB. And yes, maybe it is time to stop these IEO launch pads. We are suffering the same experience as ICOs. I don't know what's the next name for crowdsourcing. But blockchain projects should have tangible and working product before they even think of collecting money from the community. We are all tired of hearing promises and empty roadmap.

[email protected]

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Yes, public discussions of the coin play a big role. But then everyone wants to make a profit and start selling it when it is at its peak. Hence the decrease in its cost.

letyouearn

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Yeah, same picture everywhere. It's time to analyse all this situations and make some conclusions. Each coin is just a manipulation instrument - no matter what the idea of the projects is.

Divinespark

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We should buy according to rumors and sell by news. So when the token is listed at the exchange, the price will definitely decrease, which is the rule of this market. I have seen a lot of cases like this so be flexible when you have any positive news for altcoin

tulpe123

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Binance lisitng effect is working but not for a long time

Kunnu

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I think If a coin/token is listed on binance through voting then we may expect positive results of these coins/tokens because it shows us a clear sign of reliability after all the thinking of crypto community really matters that's why I believe voting procedure is absolutely a nice way and it's really good to see that some big cryptocurrency exchanges are adopting voting procedure.

CaVO32

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Quote from: strunberg on February 29, 2020, 08:22:08 AM

Quote from: Zidan Bst on February 29, 2020, 06:34:21 AM

Maybe the price can easy to dump because the project don’t pay to get listed on there.
Based on the fact, As a Trader want to get profit can Buy on rumors and sell on news. This is one of the fundamental Analys.

that's more precise, if there is a good rumor market will give positive respon by buying coin although finally the fact unlike this rumor. buying on rumor and sell on fact be basic rules for every traders. fomo and hype be the reason why price increase if they see project will listed in binance community vote

and most of the time, the vote is coming from those holders. so once their bet got listed, they can easily dump the coin without considering of anything. because the main reason why they wanted it listed is to discard it as soon as possible. and also, since they don't spend resources, it is easy for them to see the project fall. this case doesn't happen not only in Binance but other exchanges that are holding free community voting. so really not an isolated case for BNB

strunberg

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Quote from: Zidan Bst on February 29, 2020, 06:34:21 AM

Maybe the price can easy to dump because the project don’t pay to get listed on there.
Based on the fact, As a Trader want to get profit can Buy on rumors and sell on news. This is one of the fundamental Analys.

that's more precise, if there is a good rumor market will give positive respon by buying coin although finally the fact unlike this rumor. buying on rumor and sell on fact be basic rules for every traders. fomo and hype be the reason why price increase if they see project will listed in binance community vote

Zidan Bst

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Maybe the price can easy to dump because the project don’t pay to get listed on there.
Based on the fact, As a Trader want to get profit can Buy on rumors and sell on news. This is one of the fundamental Analys.

Crypto_lion

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Quote from: Xangle on February 28, 2020, 01:20:04 AM

Coins listed on Binance through the community coin vote show a price decrease of an average 24% after 7 days
https://xangle.io/project/MBL/disclosures/5e53368aaa40c06ddf417e9f

Coins listed on Binance through the community coin vote had the highest earnings on the day of the announcement – after listing, token prices showed a tendency to decline. This shows the ‘Sell on News’ effect where price increases before official announcement and decreases after.
This analysis was conducted to investigate the effect of voting on listing, which is becoming a trend among exchanges.

According to crypto disclosure platform Xangle, MovieBloc announced that it was listed on Binance after a coin vote on the 21st. Six days after the listing, Moviebloc was down 41%.

Six coins, NKN, ARPA, CTXC, VITE, DREP, and MovieBloc, have been successfully listed on Binance through the coin vote.

The average price increase rate of the six coins on the day of the voting announcement was 60.08% higher compared to 24 hours ago. On the day of listing, the price fell 7.45%; after 7 days, it decreased by 24.07%. NKN was the only coin that showed a price increase.

That's not a encouraging statistics to look at on the outside . But the positive side is that atleast coins are getting listed in the exchange so that investor in the projects can get out with a bit of money if they want instead of getting locked for a long time and the project eventually running out of funds.

Bossfidelity

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I'm actually not surprised about the price reduction after the projects lists on binance. It's a known fact that after a surge in value, there's a huge possibility that the value of the tokens would face some level of correction which is experienced with a reduction in the value.

betty11

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It appears MBL team dumped on the community, the community was waiting to Lambo, boom the team cash out immediately trade started on binance I sold at loss, and I will never visit MBL market again, because the circulating supply immediately increased after trading on binance started, when I questioned this on their telegram group, one of their admin removed me, I just went to the market and sold off. Stay goodbye forever.

Chuky92

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It is a clear fact, the community voted so that they can dump, it is a win-win situation. During the voting process, the coin will surely pump that's for sure and once it eventually wins the voting and gets listed dump will follow suit. Therefore even if the coin is a good one and someone tends to buy and hold, it's better waiting for it to get listed and dump then buy after due diligence. Also, a careful look might also show that most of these coins don't have much to offer but once given the opportunity to participate in community vote, you will see them rising massively.

Pffrt

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This case seems to be an insider job which is very common in the coin listing. Initially before listing, either someone from the team or Binance had invested heavily and threw on face later.

TrevorS

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Quote from: masterrex on February 28, 2020, 08:07:11 AM

What can you expect for free listing? It's a wrong perception that any project that listed on Binance is successfully skyrocketed its price, Thats not true I'm using Binance on a daily basis thats why I know what's happening in there. after it was successfully listed most of them are just dump on the first day alone. while other projects that have a good reputation will manage to grow its price but it is only a matter of a few days.

Of course, the price increase after listing on Binance is not an axiom, however, from time to time we all encounter this phenomenon, which used to be quite natural and regular, and today has become rare and exceptional. Nevertheless, a competent trader will never miss this rare phenomenon to make money on it.

rdluffy

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It's not an organic way to get listing, people vote to get the coin pumped and them they sell everything when it's at peak
In a mid term, the coins could be good, but only time will tell, it's better to just watch instead of trying to gain money this is because it's very risk, only the ones who are planning this pump/dump will gain money, and sometimes it's just a question of minutes to see a coins being dumped

masterrex

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What can you expect for free listing? It's a wrong perception that any project that listed on Binance is successfully skyrocketed its price, Thats not true I'm using Binance on a daily basis thats why I know what's happening in there. after it was successfully listed most of them are just dump on the first day alone. while other projects that have a good reputation will manage to grow its price but it is only a matter of a few days.

leea-1334

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DUH what were people expecting? You list, you dump. The only way to survive listings is to have a normal project get so popular that exchanges on their own decide to list it because it is a good coin. But does this happen anymore nowadays? Ask Binance, of course not. Worse, Binance even delists their own IEO coins so that shows you just what they really think about those new project coins.

Balladtony77

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I won't expect anything else from such project than price decrease, they only manage to win the voting, nothing else and binance is very picky when they want to list projects on their exchange, not most project that get listed through voting deserve it

thesmallgod

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I think most coins that are always getting listed through voting always end up this way. It is purely pumped and dump and after this happens, the potential coins among them will grow organically. Meaning when the project owner continues developing the project as presented in the roadmap and also making sure that there is a need for the purchase of the token to obtain a product or services. This to me is even better than most of the coins that are being listed on some exchange platform. It is almost impossible to profit if you buy the coin during token sales

WalkerIVIV

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Quote from: TanakabZX on February 28, 2020, 01:24:32 AM

Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while

They were getting listed based on the how much vote that already received but remembers about those coins are not having the strong product. In my experience, if the binance listing will always become the place to sell and that will never become the place to buy before FOMO. That decreases has already shown to us if FOMO will be ended after it will enter the major market.

TheClownSong

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Indeed some of the coins that won the voting contest experienced a price reduction after listing but I think it is only temporary. Binance is one of the biggest exchangers and I think listing on Binance will increase liquidity and also the confidence of the investors and ultimately will affect the price

Rodeo02

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Quote from: TanakabZX on February 28, 2020, 01:24:32 AM

Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while

its actually depend on the situation , if the vote came from user's who recieve some giveaway in exchange for thier vote.
Thats bot good investment but if the community decide by thier own to vote this is only means that the project recieve more support from the community and the way they help them is to vote them.

bhabygrim

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Quote from: TanakabZX on February 28, 2020, 01:24:32 AM

Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while

I also agree with you and I also thinks that most of the voters only did it to dump their coins.
This is why I keep distance to the new listed coins specially if they got listed because of the votes.
They are holding their project's fund and depending on free listing.

jacafbiz

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Quote from: TanakabZX on February 28, 2020, 01:24:32 AM

Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while

This is true, most of these coins have no market maker that helps to sustain their prices above a price level for sometime, when you see Binance charge listing fees this is what the money is used for as compared to free listing where you are left in the wild to die or survive

Kvalentine

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Winning vote is normal thing, this doesn't guarantee the usefulness of the project that wins the vote, if a project is not good enough and still win the vote it will surely get listed on binance as promised, price will get pumped and later get dumped, only good projects deserves to get listed on binance

pageraji

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Indeed it usually happens in coin voting especially binance, if the winner is already visible then the price will rise and peak 1 or 2 days before listing, and when the listing will return to normal price. It was short term trading, sell before listing always safe to situation like this.

livingfree

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It's the community that voted it so that they'll be quick to dump it and afterwards, they'll eventually buy bitcoin or keep the profits to themselves. Actually, this community vote is good for those projects that doesn't have budget to list on Binance.

But somehow, this might be part of the cons that it has with the said feature.

TanakabZX

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Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while

Xangle

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Coins listed on Binance through the community coin vote show a price decrease of an average 24% after 7 days
https://xangle.io/project/MBL/disclosures/5e53368aaa40c06ddf417e9f

Coins listed on Binance through the community coin vote had the highest earnings on the day of the announcement – after listing, token prices showed a tendency to decline. This shows the ‘Sell on News’ effect where price increases before official announcement and decreases after.
This analysis was conducted to investigate the effect of voting on listing, which is becoming a trend among exchanges.

According to crypto disclosure platform Xangle, MovieBloc announced that it was listed on Binance after a coin vote on the 21st. Six days after the listing, Moviebloc was down 41%.

Six coins, NKN, ARPA, CTXC, VITE, DREP, and MovieBloc, have been successfully listed on Binance through the coin vote.

The average price increase rate of the six coins on the day of the voting announcement was 60.08% higher compared to 24 hours ago. On the day of listing, the price fell 7.45%; after 7 days, it decreased by 24.07%. NKN was the only coin that showed a price increase.

Topic: Coins listed on Binance through the community coin vote show 24% price decrease (Read 316 times)