why was safex coin delisted at bittrex? does the devs have an answer for this issue? hope they will announce a new exchange listing soon. so that ill buy this coin once it will be listed in a much more safer exchange.
here you can find the answer:
I agree. But Im nonetheless interested in why SAFEX was delisted from other exchanges?
I just want to find out if this is the fault of safex somehow or if this is just related to the exchange and its interior politics?
it was delisted on bittrex because they interpretated safex as a security with dividends.and they don't have the correct license they need in their country for trading securities.
but actually safex is not really a security.
the other exchange cryptopia delisted safex because of some individuals who assaulted them and accused them of manipulating the price.
that was enough for the cryptopia team to get angry and to demonstrate their power to punish the "bad safex comunity" for it by delisting safex.
all of this might be a big problem for day traders and weak hands.
but actually safex has never been a good coin for day trading, it's a long term project!
that's what several people said from the beginning.
but alot of day traders and nervous kids didn't want to believe this and kept on day trading.
now they are very shocked and angry that this coin is "dead" for day trading at the moment, as you need exchanges to trade.
but for the long term holders nothing has changed.
it is still a very promising long term project with alot of potential.
we don't need any exchanges for hodling this valuable coin!
so in my eyes it's not a bad thing that our community gets rid of the whining day traders.
we don't need them to fud all the time.
safex will get listed on some exchanges soon enough.
let's wait for the release of the blockchain and the market place and then we will see...
still alot of fuding day traders around here.
i say it again for you whining day traders, this coin is not for you.
for hodling this coin we don't need an exchange at the moment.
i can understand the ones with just little coins stuck on cryptopia though.
it really sucks that you cannot do anything about it and that you will probably lose those coins.