Topic: How Bittrex is pulling money from people - page 2. (Read 4966 times)

Yup - and this is the case on Poloniex and other exchanges too. Speculators are fickle and keep chasing the next "new thing". Unless a coin has a very strong community, it dies after a short period of time (usually the devs cash out, forcing the coin's value down, and there are no new enthusiasts or speculators to buy). Once a coin has dropped a certain amount, speculators pull their cash. Some pumper-dumpers might buy very low and do a pump, but most coins are good for about one pump and they're done.

bittrex (or any other exchange) has nothing to do with volume and stability of a currency but i would like less currencies listed too

i've seen coins losing 90% of value in a couple of days, if you don't pay constant attention to trading you can risk big time in crypto

OP, because sorry to say, but you're both a noob and a gambler.

Bittrex is not a gatekeeper of what currencies they should add and keep, nor should they be. They are a simple tool for cross blokchain transactions - that's all what they are, and should remain to be, without prejudice.

I'm not a trader, but even I know that whenever there's a noteworthy BTC rally/pump then every single alt will go way down in relation to BTC, and if you don't see that, well then, let's just say you'd be better off with "investing" into lottery or slotmachines or ICO coins...

They are in a tough spot. They don;t add every low to mid range new shit coin then someone else does and that exchange eventually gains greater volume than them.

Its the investors in all these new coins that are to blame not the devs or exchange. FOMO is their greatest strength and greatest weakness....bla bla. The devs and exchanges simply prey on this.

The bar is gradually getting higher for launching a new convincing project. ICOS are not raising what they were unless they are very convincing now.

Back in 2013 if your thread had any kind of logo that wasnt made on paint it was going to be huge. Now you need to promise to be the next decentralised uber of everything or youtube, ebay etc

What will you have to promise in a year to get a few BTC thrown your way.

Here is an idea, don't trade shitcoins.  99% of anything other than bitcoin is absolute shit that the creator just wanted to make money off of.  The other 1% is also shit, but not completely terrible.  Use a different exchange if you think bittrex is screwing you.

Not true! If bittrex dont want to add you can offer 10btc and they will not add!
Bittrex become a huge exchange and no jokes!
But yes i think they need to delist shit coins!
But you need to know a lot peoples try to make fast profit and invest in new coins to pump snd go fast out! But there always somebody loser! Its crypto!
Maybe today guys buy btc at 1000$ and in few months its dump to 700$ again!?

Well, I didn't invest in new shit coins for example, the main problem is, that old stable coins loose their stability and value when the platforms add many many new shit coins.
People think this would be an option, pull off the money from stable coins and trash it into the shit coins.
Stable coin value down, our investment gone.

We would have to move Bittrex into new direction, the trading platforms could be very useful to make money, but they would have to stay with a stable number of currencies.

BTW:
As far as I know, Bittrex wants 6 BTC to add your currency!
So guess why they add new coins, but we have to send a sign, that we are not interested in that shit and to push them back where they had been.

Not true!
If owner dont want to add they will not add!
If they want to add they will add free!
Bittrex id good exchange but have too much shit coins with 0$ volume trade or under 1000$!
Same as poloniex have plenty shit coins with under 1000$ volume trade!
Bothe exchanges dont want to give a try to some new altcoins!
But both are great exchanges! 👍🏼

As far as i know It cost 2-3 btc to put a coin on bittrex. Chances that bittrex becomes a 2nd yobit is high.

Hey people, I am new here, but not so new on currencies trading.

Well I am trading in Bittrex for 1 year and I am watching many currencies and how they are doing in respect to other currencies.
I am not using any robot or other tools and I have noticed a very strange behaviour on some currencies, especially last 4-5 months.

I started trading with some of the strongest currencies (once a time), which had great 24h volume. Buying/Selling/Buying/Selling/Buying/Selling/..... worked perfectly.
One moment by end of July/August currencies started to go down, down, down...... until today they didn't come up again..... not only one, MANY of them!
They lost by 5-10-20 times of their value meanwhile. Not so funny when you have invested 10-15 BTC into the currencies.

Well in later moment I noticed, that Bittrex has added about 2-3 times more NEW currencies with partly really bad 24h volume, which start at high value and just loose day by day.
I noticed by throwing another amount of BTC into Bittrex, bought currencies at lowest price in their lifetime and still go down, people are selling the currencies UNDERNEATH its history low-value!! HOW COME??
So people pull out the money from old currencies to try the new ones?
So let's say, the entire volume is now splitted up into much more currencies, which makes the values falling!

In my opinion Bittrex should have to verify the stability of currencies and to keep good relation between people/volume vs. number of currencies.
This can just be solved when Bittrex would sort out about 30% of the new low-volume currencies.