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Topic: Watch out bittrex exchange - page 3. (Read 6372 times)

hero member
Activity: 705
Merit: 500
July 26, 2014, 11:31:32 AM
I wonder how adding such coins is making the exchange better (and the owners richer).
Maybe in the short term there is some profit with the scams but...
hero member
Activity: 896
Merit: 501
July 26, 2014, 11:25:13 AM
https://bitcointalk.org/index.php?topic=710752.140

warning: Today Saturday in total will be launched 3 coins all are scam keep out, they are Fuse,Prisma and USB coin alert to everybody,,,,  they
will be launched by newbies account,  dont buy it coins,  
hero member
Activity: 770
Merit: 500
July 26, 2014, 11:25:03 AM
Just wanted to point out that bittrex is listing coins with hidden premine and do not research the code first!

please share your hidden premine story here

I got burned on the latest hidden premine coin, Elite!


edit: if you are an investor please think twice before trading on bittrex! They have no research before adding new coins.

I noticed a lot of scamcoins and shitcoins added to bittrex too Sad

Almost every scamcoin is getting listed there on bittrex and nobody cares until they lose money.
legendary
Activity: 1904
Merit: 1003
July 26, 2014, 11:20:29 AM
Just wanted to point out that bittrex is listing coins with hidden premine and do not research the code first!

please share your hidden premine story here

I got burned on the latest hidden premine coin, Elite!


edit: if you are an investor please think twice before trading on bittrex! They have no research before adding new coins.

I noticed a lot of scamcoins and shitcoins added to bittrex too Sad
newbie
Activity: 22
Merit: 0
July 26, 2014, 11:08:51 AM
It is a dead issue now.  Investors are going to back away from the table.  We the miners are going to profit less.  People don't play the game if they are scared.  Investors must be scared at this point.  If I was an investor I would be scared.  We can't ask investors and traders to buy our coins if exchanges don't vet those coins.  They wont buy them guys.  You calling them stupid won't exactly change that fact either.

Exactly, investors will only invest in coins that have proven over a 6 month period or longer! No new coin will be bought.

I will dedicate all my free time for this. warning people not get scammed like me! And hoping that bittrex is stepping up and do the right thing, scanning the code!

Good luck warning people, you will get laughed out of threads, called  a troll and paid fudder, it's fun  Wink

the trolls will laugh indeed. Do i care..... people should not invest in new coins on bittrex, every investor that reads this message and is not going to invest at bittrex is win win
I've been preaching this in my thread over two weeks ago, and not many people listened back then, but looks like the number of people with the same thought process is growing finally.
https://bitcointalksearch.org/topic/bittrex-killing-the-altcoin-market-687852
hero member
Activity: 896
Merit: 501
July 26, 2014, 10:55:43 AM
It is a dead issue now.  Investors are going to back away from the table.  We the miners are going to profit less.  People don't play the game if they are scared.  Investors must be scared at this point.  If I was an investor I would be scared.  We can't ask investors and traders to buy our coins if exchanges don't vet those coins.  They wont buy them guys.  You calling them stupid won't exactly change that fact either.

Exactly, investors will only invest in coins that have proven over a 6 month period or longer! No new coin will be bought.

I will dedicate all my free time for this. warning people not get scammed like me! And hoping that bittrex is stepping up and do the right thing, scanning the code!

Good luck warning people, you will get laughed out of threads, called  a troll and paid fudder, it's fun  Wink

the trolls will laugh indeed. Do i care..... people should not invest in new coins on bittrex, every investor that reads this message and is not going to invest at bittrex is win win
member
Activity: 112
Merit: 10
July 26, 2014, 10:54:24 AM


Was it a noticeable scam from the beginning? Apparently not.

Dev was active, people asked for it to be on exchange, wallet didn't contain any hidden code.

Only after the dev updated the wallet with hidden coin and tried to dump on Bittrex did it set of alarms.

Life is hard, it gets only harder for fragile people like yourself.

https://bitcointalksearch.org/topic/m.7988977

Within moments of launch I sarcastically commented:  https://bitcointalksearch.org/topic/m.7975873
sr. member
Activity: 280
Merit: 250
July 26, 2014, 10:53:15 AM
volume for elite was 60ish btc for 24 hours when the market stopped.

yeah the coin really wasnt very popular. no smart business would tarnish its rep for this shit.



When I noticed the dump was happening the volume was at 37 btc for 24 hours.  A lot of buying and selling took place due to the price.  The scam dev could have made of with 15ish btc.  Bittrex could tell us how much btc that account got out of their exchange but they wont.

of course. they could also track the btc address and provide an ip address. but they wont.

full member
Activity: 168
Merit: 100
July 26, 2014, 10:51:26 AM
volume for elite was 60ish btc for 24 hours when the market stopped.

yeah the coin really wasnt very popular. no smart business would tarnish its rep for this shit.



When I noticed the dump was happening the volume was at 37 btc for 24 hours.  A lot of buying and selling took place due to the price.  The scam dev could have made of with 15ish btc.  Bittrex could tell us how much btc that account got out of their exchange but they wont.
sr. member
Activity: 280
Merit: 250
July 26, 2014, 10:48:01 AM
volume for elite was 60ish btc for 24 hours when the market stopped.

yeah the coin really wasnt very popular. no smart business would tarnish its rep for this shit.

full member
Activity: 168
Merit: 100
July 26, 2014, 10:47:06 AM
volume for elite was 60ish btc for 24 hours when the market stopped.
sr. member
Activity: 266
Merit: 250
July 26, 2014, 10:47:01 AM
im guessing they are not reviewing the code in the rush to list the coin, bittrex is going to take a lot of heat from those who invested.


Personally I would withdraw. These signs are enough for me to pull out.
sr. member
Activity: 280
Merit: 250
July 26, 2014, 10:46:55 AM
quit supporting new coins on bittrex until they review the code.

Fairly sure that is going to happen.  Watch the volume on bittrex over the next few days.  It was 1854 btc for 24 hours at the time of the scam. I made a note of it.  Lets see what it is tomorrow.

agreed. all the icos/frauds/ethereum has pulled a lot of money off the table.

most of their volume is in one or two coins at a time.

even they are worried. they pushed that warning you will be delisted message up to get the other 150 coin communities to start trading.

this business model is completely unsustainable.

they have no reason to list/delist at this lighting fast pace. nothing is really going on that quick and these coins are copies of other coins.

its up to all us to stay away from the scams. i already admitted i was wrong for buying this shit. i thought i could hold a shitcoin for a few hours and trade it off before bed time (up or down) and i was unable to. never again.

the altcoin market is saturated beyond all reason. why wouldnt any of these new devs just join a bigger team?
sr. member
Activity: 322
Merit: 250
July 26, 2014, 10:46:09 AM
quit supporting new coins on bittrex until they review the code.

Fairly sure that is going to happen.  Watch the volume on bittrex over the next few days.  It was 1854 btc for 24 hours at the time of the scam. I made a note of it.  Lets see what it is tomorrow.
[/quote]

how much was the vol of elite? bittrex has over 300+ pairs was the vol of elite that big to affect the general vol ?
full member
Activity: 168
Merit: 100
July 26, 2014, 10:43:10 AM
quit supporting new coins on bittrex until they review the code.
[/quote]

Fairly sure that is going to happen.  Watch the volume on bittrex over the next few days.  It was 1854 btc for 24 hours at the time of the scam. I made a note of it.  Lets see what it is tomorrow.
sr. member
Activity: 266
Merit: 250
July 26, 2014, 10:42:10 AM
A coin without a stated premine should never be accepted into an exchange in the first place, I would hesitate to use that exchange that accepts any coin just like that.
sr. member
Activity: 280
Merit: 250
July 26, 2014, 10:39:41 AM
im guessing they are not reviewing the code in the rush to list the coin, bittrex is going to take a lot of heat from those who invested.


of course they are. they have support from scammers only.

all the good people of crypto will not support this type of behavior.

this situation is bad for us all only benefits a few people. they want things to continue like this. but they wont.

quit supporting new coins on bittrex until they review the code.
full member
Activity: 182
Merit: 100
July 26, 2014, 10:39:11 AM
It is a dead issue now.  Investors are going to back away from the table.  We the miners are going to profit less.  People don't play the game if they are scared.  Investors must be scared at this point.  If I was an investor I would be scared.  We can't ask investors and traders to buy our coins if exchanges don't vet those coins.  They wont buy them guys.  You calling them stupid won't exactly change that fact either.

Exactly, investors will only invest in coins that have proven over a 6 month period or longer! No new coin will be bought.

I will dedicate all my free time for this. warning people not get scammed like me! And hoping that bittrex is stepping up and do the right thing, scanning the code!

Good luck warning people, you will get laughed out of threads, called  a troll and paid fudder, it's fun  Wink
sr. member
Activity: 322
Merit: 250
July 26, 2014, 10:37:52 AM
im guessing they are not reviewing the code in the rush to list the coin, bittrex is going to take a lot of heat from those who invested.
hero member
Activity: 672
Merit: 500
July 26, 2014, 10:36:11 AM
Yes we get it your all smart and investors are all stupid.  Stupid people who buy your fucking coins miners.  Exchanges either will protect the stupid investors or we will lose because no one will be there to buy our coins.

And still people don't get it.  We need Exchanges to protect the stupid investors or we are all going to lose money.  You can sheer a sheep many times but skin them only once and these investors are getting skinned.

Theres no exchange in the world that protects your money. Not on wall street, etc.

If people cant handle the risks associated with investing then they should just gtfo.

Wall street is regulated, and the people who steal go to jail.  

There are always risks, but one of them should not be whether the investment is legitimate or not.

Yes, because there are never scams in the stock market.  Tell that to the people affected by Madoff, or by the Enron scandal.

madoff is in prison for the rest of his life.

if the elitecoin dev was getting a long prison sentence that would be fine!

if he was arrested they would take his computer away and he wouldnt be here a day later to scam us again!

come on these fucking analogies are stupid!


Boofuckinghooo

Were the people who invested in Madoff recoup their loses. No they did not.

Hows that regulation working out again? lol



not one person in this thread has advocated regulation.

all we said is bittrex can stop listing scam coins.

i can tell your income is threatened by this idea.

tough shit. the party is over.

Was it a noticeable scam from the beginning? Apparently not.

Dev was active, people asked for it to be on exchange, wallet didn't contain any hidden code.

Only after the dev updated the wallet with hidden coin and tried to dump on Bittrex did it set of alarms.

Life is hard, it gets only harder for fragile people like yourself.
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