Poloniex To Delist 17 Altcoins In May Without Explanation - page 2.

asriloni

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Quote from: amaral1977 on April 27, 2017, 03:23:31 AM

Poloniex and other exchanges are a business. If the coins dont perform and have limited volume they might not worth the trouble to maintain them in the exchange.

It's fair to replace the coins without a good development with other coins that coin has a good development.

Some of the delisted coins have enough volume for a day trade. But the lack of the development has to be the main concern for the poloniex to take a decision for delisted them all.

ether19

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BTC. ETC. EOS

Obviously Poloniex is making some room to list new coins. I believe there are new ICOs and Dapp coins which have enormous potential to do well in future and it would make sense if they get listed in poloniex. Also some coins which are pretty much dead should be taken out. Although I cannot say most coins that poloniex decided to delist are not dead.

romancheg

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Quote from: asyakashi on April 27, 2017, 03:41:13 AM

Quote from: s31joemhar on April 19, 2017, 10:27:19 AM

Cryptocurrency exchange Poloniex has announced it is delisting a record 17 altcoins effective May 2.

BBR, BITS, C2, CURE, HZ, IOC, MYR, NOBL, NSR, QBK, QORA, QTL, RBY, SDC, UNITY, VOX, XMG

IS IT REAL ?

Competition in the poloniex market is so tight that the coin whose low trade volume lost a lot of demand. It is possible to maintain the quality of poloniex as exchanger with the largest volume. Hopefully, there will be a lot of new coins better. Huh

+ They have recently had problems with the exchange itself, I bet it is connected with Polo's performance. They just want to delete all those coins which generate low commission profits but still load the system and cause problems.

asyakashi

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Quote from: s31joemhar on April 19, 2017, 10:27:19 AM

Cryptocurrency exchange Poloniex has announced it is delisting a record 17 altcoins effective May 2.

BBR, BITS, C2, CURE, HZ, IOC, MYR, NOBL, NSR, QBK, QORA, QTL, RBY, SDC, UNITY, VOX, XMG

IS IT REAL ?

Competition in the poloniex market is so tight that the coin whose low trade volume lost a lot of demand. It is possible to maintain the quality of poloniex as exchanger with the largest volume. Hopefully, there will be a lot of new coins better. Huh

amaral1977

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Poloniex and other exchanges are a business. If the coins dont perform and have limited volume they might not worth the trouble to maintain them in the exchange.
If you dont want to dump the coins move them to another excahnge and keep trading.

goinmerry

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Quote from: TravelMug on April 26, 2017, 01:31:31 PM

I think both Polo and Dev should talk first before making any decision. Yes those coins have low or no volume trading at all. But for me to be fair with the dev and traders, Poloniex should at least inform them ahead of time and give a reason why they are removing the coins from their trading platform so that this could be avoided. Maybe dev is doing some enhancement on the coins or maybe traders or investors are willing to buy some in the future.

I think Poloniex is informing those coins devs that will be delisted ahead of time before the official announcement. If it's not maybe those devs are given period of time to make things goes the right way before the target date of delisting.

Poloniex doesn't want the way of other altcoin exchange that mixing those active and inactive coins. Most of the delisted coins are turning into dead one in most of the cases that's why it's good if they will clean up the mess to avoid new traders to deal with those coins.

TravelMug

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I think both Polo and Dev should talk first before making any decision. Yes those coins have low or no volume trading at all. But for me to be fair with the dev and traders, Poloniex should at least inform them ahead of time and give a reason why they are removing the coins from their trading platform so that this could be avoided. Maybe dev is doing some enhancement on the coins or maybe traders or investors are willing to buy some in the future.

JeffBrad12

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Quote from: housebtc on April 26, 2017, 04:51:12 AM

I think these coins have low trading volume, I think most of these project thinks once they get to Poloniex there is no need to do any developmental work, remove bugs in their code and release update. There are alot of good projects in the space queuing to get listed on Poloniex

Regarding the latest news from poloniex to add gnosis as soon as possible to be tradable on polo exchange and I can make a conclusion about all of the coins will be delisted by poloniex is a lack of the development by the dev.

It seems like there will be no more demand in the future.
Some of the new altcoins have been taking their demand.

I mean if a lot of the old coins supporters are migrating into another new.

housebtc

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I think these coins have low trading volume, I think most of these project thinks once they get to Poloniex there is no need to do any developmental work, remove bugs in their code and release update. There are alot of good projects in the space queuing to get listed on Poloniex

electronicash

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Quote from: onrise on April 22, 2017, 01:49:26 AM

Yes why not they will delist the altcoin which doe snot have any recognition in the market much. A very simple logic why altcoin is being created is for the benefit of owners. Only 2-3 altcoins are their which will be there in coming year rest you will see in coming time all getting delisted soon.

there had been a lot of exchanges already in the industry. why worry being delisted on just one exchange. polo may be huge but they still can survive so long as they don't give up. ICN isn't on polo but they are moving forward so are the rest. some aren't even listed on bittrex. sad to see those holders of these coins that are to be delisted sold their bags already.

Luigi21

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The best way to introduce new altcoins/shitcoins.

onrise

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Yes why not they will delist the altcoin which doe snot have any recognition in the market much. A very simple logic why altcoin is being created is for the benefit of owners. Only 2-3 altcoins are their which will be there in coming year rest you will see in coming time all getting delisted soon.

jakelyson

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They have been delisting non performing coins ever since. If there is a note that it will be delisted soon, then it is worth it to check if you have those coins and dump them. If you don't want to dump them, move them out and put it on your own wallet before the due date.

abayan

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Quote from: s31joemhar on April 19, 2017, 10:27:19 AM

Cryptocurrency exchange Poloniex has announced it is delisting a record 17 altcoins effective May 2.

BBR, BITS, C2, CURE, HZ, IOC, MYR, NOBL, NSR, QBK, QORA, QTL, RBY, SDC, UNITY, VOX, XMG

IS IT REAL ?

Yes it is real .
Thinking up to in delisting that crypto's is a possible low volume or in other term it will have no value to trade .Just like cex exchange delisting coins which is not actively traded in the market .It will e only hassle in the list and for the newbies to trades that crypto .That a good thing for some coins if they dont want to be delisted .They will make a move on it .

Immakillya

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These altcoins were great. But polo thinks there are many coins out there are more deserving than these coins. Most of coins that are going to be delisted are no improvement. Polo is choosing what alt can be profitable in the future. So keep calm. If you bought some of these coins. Just pull it out and take it to other exchange.

cpfreeplz

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I've seen this happen on every exchange ever. Why offer a coin that you aren't making money on? In the end they're a business and if they aren't making anything from offering these coins they'll offer ones that get them more ROI or give people less options so they focus on the bigger coin with higher volume. Don't worry about it, they were all just shitcoin clones anyways.

bamboylee

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Poloniex have done a very good job in cleaning their list of coins. And I trust they have good reasons in delisting those 17 coins. If you are holding those coins, I suggest you transfer them quickly on other exchange or dump them altogether.

coinplus

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Quote from: s31joemhar on April 19, 2017, 10:27:19 AM

Cryptocurrency exchange Poloniex has announced it is delisting a record 17 altcoins effective May 2.

It is an usual practice of most of the cryptocurrency exchanges to delist some of coins from their trading with the reason of low volume to zero volume (dead or inactive coins).

It must be right option for them because there will be no meaning of maintaining some coins's wallet which are not at all getting traded and hence they are not earning any commission out of listing those coin and maintaining their wallet up to date.

goinmerry

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Quote from: s31joemhar on April 19, 2017, 10:27:19 AM

Cryptocurrency exchange Poloniex has announced it is delisting a record 17 altcoins effective May 2.

BBR, BITS, C2, CURE, HZ, IOC, MYR, NOBL, NSR, QBK, QORA, QTL, RBY, SDC, UNITY, VOX, XMG

IS IT REAL ?

If it's an announcement then that is official. They are really delisting coins regularly.

I look at some coins and saw that low volumes have been established. On the other hand, expect that Poloniex will bump that announcement often as there are traders who still have balances in their respective wallets.

agustina2

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Quote from: s31joemhar on April 19, 2017, 10:27:19 AM

Cryptocurrency exchange Poloniex has announced it is delisting a record 17 altcoins effective May 2.

BBR, BITS, C2, CURE, HZ, IOC, MYR, NOBL, NSR, QBK, QORA, QTL, RBY, SDC, UNITY, VOX, XMG

IS IT REAL ?

In in such cases that a certain alt doesn't established a good volume for a given period of time then it's obviously will be delisted. That is a common thing in Poloniex that's why I preferred this site over others as they are sorting only those with good volumes.

Quote from: smallwhale on April 20, 2017, 05:52:18 AM

So what will happen to the token owners? Will they be able to sell their coins?
Or everyone will be left high and dry??

They can sold or transfer it to an altcoin exchanges where those coins are still listed. It's impossible that those coins are not listed in other exchanges as being listed in Poloniex is an advanced achievement by some of the alts.

Topic: Poloniex To Delist 17 Altcoins In May Without Explanation - page 2. (Read 2473 times)