Seriously, there's still no difference in the pumps and dumps of the Binance coins that are listed on more US-supported exchanges and the Binance coins that are NOT listed on any US-supported exchange. There are about only 50 days left, and USA people still seem so relaxed.
According to Alexa, about 25% of Binance's traffic belongs to the USA, and according to SimilarWeb, this percentage is about 15%. Eventually, IMO, we should get to see a nice dump on the coins and tokens which won't be available to Americans on nice exchanges after Binance.com trade suspension for US citizens.
Topic: US support of Binance's coins across Coinbase, Bittrex, Polo, Kraken, Huobi, etc - page 2. (Read 410 times)
July 21, 2019, 06:56:32 PM
June 25, 2019, 03:54:29 PM
I've been keeping an eye on the promising coins that are available on other exchanges (ADA, STEEM, etc) as well as on the promising coins that are part of the list I've shared (includes WAN, WTC, etc). So far, the difference ain't very noticeable.
1-week performance comparison:
WAN = 28% down
WTC = 33% down
ADA = 14% down
STEEM = 19% down
June 22, 2019, 09:13:18 AM
Another important deduction from the provided information in OP:
Coins listed on at least four of the mentioned exchanges:
1. ADA
2. BAT
3. DASH
4. EOS
5. ETC
6. REP
7. XLM
8. XMR
9. XRP
10. ZEC
11. ZRX
These are supposed to get the least damage from the upcoming Binance's restriction.
Adding this point in OP.
Coins listed on at least four of the mentioned exchanges:
1. ADA
2. BAT
3. DASH
4. EOS
5. ETC
6. REP
7. XLM
8. XMR
9. XRP
10. ZEC
11. ZRX
These are supposed to get the least damage from the upcoming Binance's restriction.
Adding this point in OP.
June 21, 2019, 05:57:17 PM
It should happen, but so far, it's not happening. I've been keeping an eye on the promising coins that are available on other exchanges (ADA, STEEM, etc) as well as on the promising coins that are part of the list I've shared (includes WAN, WTC, etc). So far, the difference ain't very noticeable. But then again, there are still 82 days left, and US traders can freely trade all these coins till then. IMO, we'll get to see the noticeable difference when we're close to September. 90 days is still like an eternity in the crypto industry.
Nobody knows which coins will be listed on Binance US and which ones won't. Until then, the market can play dumb. Binance definitely likes to skirt the law and if there is any legal grey area, they will exploit it. They may end up listing lots of coins that will surprise us.
However, I smell some real trouble for the coins I've listed in OP. See, Binance Jersey was launched back in January. After all these (six) months, no coin other than ETH, BTC, and BNB is listed there (LTC got listed there today). Similarly, we'll probably only see the very few majors in the start at the US version of Binance, and getting the listing of other sh!tcoins (especially the ones that aren't a part of top ten projects by marketcap) can take years.
That's a real possibility. However, I have a feeling Binance plans to make a much bigger splash with their US launch. I don't think it'll be as limited as Binance Jersey.
June 21, 2019, 04:37:31 PM
Quote from: figmentofmyass
makes sense to me. subtract capital from USA retail investors and the market should shrink. tokens that are obviously securities are gonna see less and less retail demand as they get removed from SEC-regulated markets.
on the flip side, are we going to see more money flowing into more accessible traditional altcoins? ie regular POW/POS coins, not tokens. i reckon USA investors aren't just gonna leave altcoins altogether. they're gonna buy into coins that are still available to them. there's at least a couple hundred to choose from on bittrex!
on the flip side, are we going to see more money flowing into more accessible traditional altcoins? ie regular POW/POS coins, not tokens. i reckon USA investors aren't just gonna leave altcoins altogether. they're gonna buy into coins that are still available to them. there's at least a couple hundred to choose from on bittrex!
It's similar to the situation in China in regards to exchanges. I would not panic too much over it.
I don't think that the market will shrink at all just due to the fact that Binance has shut its door on US customers - crypto investors will find other ways, regardless of the exchange that they use, especially the whales who have a lot of vested interest already to continue trading and investing.
I highly doubt that people are going to be stepping out of the crypto market just because of Binance's closure to the US alone.
Though, I agree with the fact that we may see a reallocation of capital from less liquid coins, to more commonly traded coins within the crypto market, internally. These structural changes could certainly change the composition of the relative dominance of each coin, with highly liquid coins potentially now receiving more demand due to US investors.
June 20, 2019, 09:30:01 AM
Coins that are (probably) going to take the most damage:
makes sense to me. subtract capital from USA retail investors and the market should shrink. tokens that are obviously securities are gonna see less and less retail demand as they get removed from SEC-regulated markets.
on the flip side, are we going to see more money flowing into more accessible traditional altcoins? ie regular POW/POS coins, not tokens. i reckon USA investors aren't just gonna leave altcoins altogether. they're gonna buy into coins that are still available to them. there's at least a couple hundred to choose from on bittrex!
It should happen, but so far, it's not happening. I've been keeping an eye on the promising coins that are available on other exchanges (ADA, STEEM, etc) as well as on the promising coins that are part of the list I've shared (includes WAN, WTC, etc). So far, the difference ain't very noticeable. But then again, there are still 82 days left, and US traders can freely trade all these coins till then. IMO, we'll get to see the noticeable difference when we're close to September. 90 days is still like an eternity in the crypto industry.
However, I smell some real trouble for the coins I've listed in OP. See, Binance Jersey was launched back in January. After all these (six) months, no coin other than ETH, BTC, and BNB is listed there (LTC got listed there today). Similarly, we'll probably only see the very few majors in the start at the US version of Binance, and getting the listing of other sh!tcoins (especially the ones that aren't a part of top ten projects by marketcap) can take years.
June 16, 2019, 05:48:38 AM
This once again shows that holding exotic coins is a super tricky investment beyond their own pumpy dumpy agendas.
If this turns out to be a success, I'm certain that more countries will follow the same path because it's quite an effective way to combat the shitty side of crypto with little effort. Perhaps that this will help cleanse the crypto market sooner and I can only welcome these developments. It will lead to less outright scams and more potentially fruitful startups being given a chance to flourish.
Coinbase and the rest of the US based exchanges must be happy with this.
If this turns out to be a success, I'm certain that more countries will follow the same path because it's quite an effective way to combat the shitty side of crypto with little effort. Perhaps that this will help cleanse the crypto market sooner and I can only welcome these developments. It will lead to less outright scams and more potentially fruitful startups being given a chance to flourish.
Coinbase and the rest of the US based exchanges must be happy with this.
June 16, 2019, 12:38:16 AM
Coins that are (probably) going to take the most damage:
makes sense to me. subtract capital from USA retail investors and the market should shrink. tokens that are obviously securities are gonna see less and less retail demand as they get removed from SEC-regulated markets.
on the flip side, are we going to see more money flowing into more accessible traditional altcoins? ie regular POW/POS coins, not tokens. i reckon USA investors aren't just gonna leave altcoins altogether. they're gonna buy into coins that are still available to them. there's at least a couple hundred to choose from on bittrex!
June 15, 2019, 02:10:25 PM
Some more useful spreadsheet work:
June 15, 2019, 12:35:45 PM
Credits for the image: https://twitter.com/remigoomba/status/1139766402930184192
Coins that are (probably) going to take the most damage:
-ADX
-AE
-AGI
-AMB
-APPC
-ARN
-AST
-BCD
-BCPT
-BLZ
-BNB (I'm not counting eToro's inclusion as it doesn't really allow the deposits & withdrawals of the coins, only the fiat)
-BQX
-BRD
-BTG
-CDT
-CELR
-CMT
-DATA
-DGD
-DLT
-DOCK
-EDO
-ENG
-EVX
-FTM
-FUEL
-GO
-GTO
-GVT
-GXS
-HC
-HOT
-INS
-IOTA (same case as BNB)
-KEY
-LEND
-LINK
-LRC
-LUN
-MATIC
-MCO
-MDA
-MFT
-MITH
-MTH
-NANO
-NEBL
-NULS
-OAX
-ONE
-PHB
-POA
-POE
-POWR
-PPT
-QKC
-QLC
-QSP
-RCN
-RDN
-REN
-REQ
-RLC
-SKY
-SNGLS
-SNM
-STORM
-TFUEL
-THETA
-TNB
-TNT
-VET
-VIB
-VIBE
-WABI
-WAN
-WPR
-WTC
-YOYO
Coins listed on at least four of the mentioned exchanges:
1. ADA
2. BAT
3. DASH
4. EOS
5. ETC
6. REP
7. XLM
8. XMR
9. XRP
10. ZEC
11. ZRX
These are supposed to get the least damage from the upcoming Binance's restriction.
Coins that are (probably) going to take the most damage:
-ADX
-AE
-AGI
-AMB
-APPC
-ARN
-AST
-BCD
-BCPT
-BLZ
-BNB (I'm not counting eToro's inclusion as it doesn't really allow the deposits & withdrawals of the coins, only the fiat)
-BQX
-BRD
-BTG
-CDT
-CELR
-CMT
-DATA
-DGD
-DLT
-DOCK
-EDO
-ENG
-EVX
-FTM
-FUEL
-GO
-GTO
-GVT
-GXS
-HC
-HOT
-INS
-IOTA (same case as BNB)
-KEY
-LEND
-LINK
-LRC
-LUN
-MATIC
-MCO
-MDA
-MFT
-MITH
-MTH
-NANO
-NEBL
-NULS
-OAX
-ONE
-PHB
-POA
-POE
-POWR
-PPT
-QKC
-QLC
-QSP
-RCN
-RDN
-REN
-REQ
-RLC
-SKY
-SNGLS
-SNM
-STORM
-TFUEL
-THETA
-TNB
-TNT
-VET
-VIB
-VIBE
-WABI
-WAN
-WPR
-WTC
-YOYO
Coins listed on at least four of the mentioned exchanges:
1. ADA
2. BAT
3. DASH
4. EOS
5. ETC
6. REP
7. XLM
8. XMR
9. XRP
10. ZEC
11. ZRX
These are supposed to get the least damage from the upcoming Binance's restriction.
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