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Topic: Elite coin another bittrex scam? - page 7. (Read 10572 times)

member
Activity: 84
Merit: 10
July 25, 2014, 10:49:12 PM
#94
Guys it is unfair to blame Bittrex or any other exchange that adds a coin. The answer is sometimes right in front of you by applying good common sense and looking at the risk indicators. By looking at a few things you can make a call on the residual risk of a coin based on risk factors and then see how that fits into your risk appetite. You can then either stay away or risk it all and the alt-coin exchanges currently just provide a vehicle to cater for the whole of the spectrum of risk appetite.

In the absence of regulation in alt coins (self or otherwise) you can do certain basic things to protect yourself: Elite was high risk based on such an assessment, refer here https://bitcointalksearch.org/topic/m.7974656

why it's unfair to blame Bittrex and the other shit exchanges? do you think it's fair to the investors? i don't think these exchanges will lead crypto currency to success, they just add coins for money and provide a large space for the damn scam dev.
newbie
Activity: 28
Merit: 0
July 25, 2014, 10:48:06 PM
#93
i dont understand, why still buy? lol
member
Activity: 112
Merit: 10
July 25, 2014, 10:47:58 PM
#92
http://www.cryptocoincharts.info/v2/markets/show/bittrex

Overall volume (24h)   1,359.08 BTC
sr. member
Activity: 299
Merit: 250
July 25, 2014, 10:47:35 PM
#91
I wonder why they chose to dump the premine now though. They really didnt make that much btc maybe a couple at the most?
sr. member
Activity: 299
Merit: 250
July 25, 2014, 10:45:47 PM
#90
All I can say is pull out while you can. Dumasses are buying
sr. member
Activity: 299
Merit: 250
July 25, 2014, 10:43:41 PM
#89
Ok I think bittrex is involved... why the fuck would they relist when there is a known premine and the dev has gone rough/missing?
legendary
Activity: 1274
Merit: 1000
★ BitClave ICO: 15/09/17 ★
July 25, 2014, 10:43:32 PM
#88
50 BTC volume on bittrex

0.25% x 2 fee

50 x 0.5% = 0.25 BTC in a day from only fees...
member
Activity: 112
Merit: 10
July 25, 2014, 10:41:41 PM
#87
Maybe I`m wrong but polo make some code checks before listing coins.
Sure devs can cheat us other ways, but anyway.
Imho polo is not perfect, but they have higher standards then Bittrex.

member
Activity: 118
Merit: 10
July 25, 2014, 10:40:10 PM
#86
Maybe I`m wrong but polo make some code checks before listing coins.
Sure devs can cheat us other ways, but anyway.
sr. member
Activity: 299
Merit: 250
July 25, 2014, 10:39:28 PM
#85
I was present in Bittrex's IRC channel when everyone found out about Sparta. They made it very clear that they add a coin based on the information given. If they feel that it's legit, they add it. They do not have the time or resources to dig through the code for each and every altcoin that gets made.

Well they need to find the time and resources or their exchange is going to die.
member
Activity: 112
Merit: 10
July 25, 2014, 10:37:19 PM
#84
Guess some of the pools did not get a chance to dump it so good old bittrex re-enabled it
hero member
Activity: 1470
Merit: 521
No more Rekt and Bust
July 25, 2014, 10:33:13 PM
#83
They do not have the time or resources to dig through the code for each and every altcoin that gets made.

They don't need to check every coin made, but maybe the ones they add? lol
legendary
Activity: 938
Merit: 1000
July 25, 2014, 10:32:17 PM
#82
I think bittrex must implement some anti-scam.
If price dumps 10x times its OK - its market.
But if SOME send 20K coins when only 4K+ exist its obv. SCAM.


yep but always will found new ways of scam or frauds in codes
hero member
Activity: 752
Merit: 500
July 25, 2014, 10:31:43 PM
#81
I was present in Bittrex's IRC channel when everyone found out about Sparta. They made it very clear that they add a coin based on the information given. If they feel that it's legit, they add it. They do not have the time or resources to dig through the code for each and every altcoin that gets made.
member
Activity: 118
Merit: 10
July 25, 2014, 10:30:42 PM
#80
I think bittrex must implement some anti-scam.
If price dumps 10x times its OK - its market.
But if SOME send 20K coins when only 4K+ exist its obv. SCAM.
legendary
Activity: 938
Merit: 1000
July 25, 2014, 10:29:28 PM
#79
or what about of launch a couple of supercoins supported by all community,like to Bitcoins but with improvements and fair distribution?Huh   and shitcoins will be out of miners and exchanges........
sr. member
Activity: 299
Merit: 250
July 25, 2014, 10:27:31 PM
#78
I think bittrex should refund people a certain percentage. Yes you may say it is the users fault, but if bittrex wants to maintain and stop its decline they have to own up to this as well. People trust their exchange and like it or not,not everyone is a coder and is able  to point out faults and scams.  I think they should be closely monitoring coins as close as we are. They cant just keep adding coins and hope that it works out for the best.
full member
Activity: 196
Merit: 100
July 25, 2014, 10:27:20 PM
#77
I don't really think Bittrex is involving this, their platform is decent and they dont want to ruin their rep like this
legendary
Activity: 938
Merit: 1000
July 25, 2014, 10:26:19 PM
#76
Market resumed.
Ah.... imposible


coins appears in altcoincalendars many of them not all,  is a good place to detect scamcoins..... but it cost money,, they need support.....
member
Activity: 118
Merit: 10
July 25, 2014, 10:23:56 PM
#75
Market resumed.
Ah.... imposible
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