what you havent found . the coin or the exchange ? thats impossible if you cant find any info's with them not unless both of them are fake .
only poorer exchange have the courage to list a shitcoin because they dont have really a good reputation to risk with plus in thier head , they can earn some cash if they keep on listing coins good or bad , they dont care . but a good exchange will be verry picky upon listing a coin no matter what pay the coin can offer .
Topic: Why are exchanges still listing shitcoins? (Read 1498 times)
The exchanges list shitcoin for own profit. They can do whatever they want for their profit. I have seen on many exchanges list a shitcoin that does not even know the name, after listing, the coins are constantly dumped! Don't just blame small exchanges. Top exchanges also cheat retail traders by listing many shitcoin, with huge listing fees.Therefore, when listing any new coin/shitcoins on an exchange, before make trade you must verify yourself about project and team.
Exchanges like latoken or p2pb2b are places with lots of shitcoin and most of those coins have no liquidity, making it a lot of difficulties for many investors to trade. I think things are different now and everyone has become wiser in investing so shitcoin may no longer be of interest. Personally, I don't want these coins to cause investors to lose money but if they are not careful it is their fault. Hi Everyone!
I was recently browsing through Twitter when I saw BitMart list TSL. After digging around the internet for a while, I couldn't find anything. Not a website, github page, facebook page... nothing.
I wrote an article about this experience and I would love to hear what you think. Why do you think exchanges are still listing shitcoins? Do you think there are some advantages to having a bunch of shitcoins on an exchange?
Cryptocurrency Exchanges are Still Listing Shitcoins
I can't wait to hear your thoughts!
We all really hate shitcoins because it is really not profitable anymore and no one would like to buy it anymore. The reason why shitcoins are still listed in exchanges because they are still paying this exchanges for them to get listed, even it has no value anymore, that is why we can't do anything for shitcoins not to get listed in exchanges. I was recently browsing through Twitter when I saw BitMart list TSL. After digging around the internet for a while, I couldn't find anything. Not a website, github page, facebook page... nothing.
I wrote an article about this experience and I would love to hear what you think. Why do you think exchanges are still listing shitcoins? Do you think there are some advantages to having a bunch of shitcoins on an exchange?
Cryptocurrency Exchanges are Still Listing Shitcoins
I can't wait to hear your thoughts!
Maybe these are shitcoins for you, but for some who is already a newbie, smaller coins (which could be still profitable), are the perfect way to learn and start trading. People don't use only BTC, you know?
You yourself answered your question. Shit coins can be worthwhile assets only for beginners who do not understand or are poorly versed in the mechanism of the market.
In any case, it doesn’t matter how attractive the asset is in fact, if you are a beginner, it is very likely that you will make multiple mistakes when working with any, even the most reliable investment tool.
Very simple, as long as you pay for the exchange then your project will be listed. I have seen thousands of bullshit projects created and they are listed in scam exchanges to deceive investors. I recommend you only focus on altcoins in big exchanges like binance, okex ... these are the best and safest altcoins in this market.
Maybe these are shitcoins for you, but for some who is already a newbie, smaller coins (which could be still profitable), are the perfect way to learn and start trading. People don't use only BTC, you know?
An exchange destination just get how much payment fee received from listing shit coin, its looks worth they will accept and not care about for listing shit coin or not, just their ideas for earn much benefit from listing shit coin, during several months shit coin look bad they will delist from their exchange market, looks simple.
I don't think exchanges will stop accepting shitcoins to be enlisted in their platform the fact this could be a profit for them. The payment for enlisting shitcoins is one of their income along with transactional fees therefore they won't stop it. There's no direct advantage of having these lots of shitcoins lying in the platform, however, it may apparently damage its credibility.
Some projects pay for them to be listed. While it seems some exchanges just look to add coins to pump value and cash out?? Who really knows
this is a very complex topic. One day someone said that in the siacoin thread that everyone should sell siacoin because it would not increase in price, on the contrary the price would fall a lot in the coming months. that was the year ago. The people of the siacoin Thread were debating whether Siacoin was a shitcoin or not... but the fact is that the current price of Siacoin is at 24 satoshis, but in the past it reached 600 satoshi. I believe the biggest problem is whether altcoin will have any practical use or not.
Siacoin is just like other coins that had reached the Top once but now is suffering from lowest value.
i think what needs here is for us not to use exchange that listing shitcoins and let us expose them when we find one so people will be aware of not using them.
Of course the platform and related shitcoin want profit which basically is a way to get their profits sooner or later, because even we realize that shitcoin will pump up prices at the very beginning until they leave the project until they have an impact on the loss of demand in the market. Nobody knows about their main goals and objectives, but at least when they have money to list their coins, there will always be an exchange willing to accept them.
Some projects pay for them to be listed. While it seems some exchanges just look to add coins to pump value and cash out?? Who really knows
this is a very complex topic. One day someone said that in the siacoin thread that everyone should sell siacoin because it would not increase in price, on the contrary the price would fall a lot in the coming months. that was the year ago. The people of the siacoin Thread were debating whether Siacoin was a shitcoin or not... but the fact is that the current price of Siacoin is at 24 satoshis, but in the past it reached 600 satoshi. I believe the biggest problem is whether altcoin will have any practical use or not.
Some projects pay for them to be listed. While it seems some exchanges just look to add coins to pump value and cash out?? Who really knows
Hi Everyone!
I was recently browsing through Twitter when I saw BitMart list TSL. After digging around the internet for a while, I couldn't find anything. Not a website, github page, facebook page... nothing.
I wrote an article about this experience and I would love to hear what you think. Why do you think exchanges are still listing shitcoins? Do you think there are some advantages to having a bunch of shitcoins on an exchange?
Cryptocurrency Exchanges are Still Listing Shitcoins
I can't wait to hear your thoughts!
I was recently browsing through Twitter when I saw BitMart list TSL. After digging around the internet for a while, I couldn't find anything. Not a website, github page, facebook page... nothing.
I wrote an article about this experience and I would love to hear what you think. Why do you think exchanges are still listing shitcoins? Do you think there are some advantages to having a bunch of shitcoins on an exchange?
Cryptocurrency Exchanges are Still Listing Shitcoins
I can't wait to hear your thoughts!
The thing is one could see a certain coin a shit coin while the other does see the opposite, so we can't really conclude it's a shit or not.
Exchange list a coin which is not scam and they make money from the listing and the trading fee, that's their only concern, they don't list base on what people feel about it, they list based on its legality status so most probably we will see a shit coin/s in every exchange in the market.
Exchange list a coin which is not scam and they make money from the listing and the trading fee, that's their only concern, they don't list base on what people feel about it, they list based on its legality status so most probably we will see a shit coin/s in every exchange in the market.
Do you see Yobit and the coins listed over there?
Almost 80% of the coins have no history and nothing relevant could be found about them, still Yobit lists them. Exchanges do that for few of the following reasons based on my understanding:
- To make themselves money no matter the type of coin, exchange is just interested in making money over the fees they will gain on both trading and withdrawal (and even during IEO if it's a lottery type distribution)
this is the main reason why i think they are still listing shitcoins because if not for money for sure there will be no claims here.Almost 80% of the coins have no history and nothing relevant could be found about them, still Yobit lists them. Exchanges do that for few of the following reasons based on my understanding:
- To make themselves money no matter the type of coin, exchange is just interested in making money over the fees they will gain on both trading and withdrawal (and even during IEO if it's a lottery type distribution)
- To give you more options to lose your money on (yes, lose) because 90% of such coins fail to even carry their purchase value for a day/week and you will lose from both sides, buying it high at a loss and paying them fee, as well as selling it low while doing the same
and that is what gives more insults for investors,when an exchange help scammers to make us victims when we are trusting their exchange and also those project that scams people,really sh*t action from exchanges.- They also look out for influencers, - John McAfee is the best example here
exactly what i was thinking also but His name attached on your post already so i only need to Quote lol.
Do you see Yobit and the coins listed over there?
Almost 80% of the coins have no history and nothing relevant could be found about them, still Yobit lists them. Exchanges do that for few of the following reasons based on my understanding:
- To make themselves money no matter the type of coin, exchange is just interested in making money over the fees they will gain on both trading and withdrawal (and even during IEO if it's a lottery type distribution)
- To give you more options to lose your money on (yes, lose) because 90% of such coins fail to even carry their purchase value for a day/week and you will lose from both sides, buying it high at a loss and paying them fee, as well as selling it low while doing the same
- They also look out for influencers, some exchanges try to influence people themselves while others see if any bigger name is attached as a tag to that coin, because they know that if the coin is hyped too much, no wonder it will see an extraordinary trading volume than expected one - John McAfee is the best example here
Almost 80% of the coins have no history and nothing relevant could be found about them, still Yobit lists them. Exchanges do that for few of the following reasons based on my understanding:
- To make themselves money no matter the type of coin, exchange is just interested in making money over the fees they will gain on both trading and withdrawal (and even during IEO if it's a lottery type distribution)
- To give you more options to lose your money on (yes, lose) because 90% of such coins fail to even carry their purchase value for a day/week and you will lose from both sides, buying it high at a loss and paying them fee, as well as selling it low while doing the same
- They also look out for influencers, some exchanges try to influence people themselves while others see if any bigger name is attached as a tag to that coin, because they know that if the coin is hyped too much, no wonder it will see an extraordinary trading volume than expected one - John McAfee is the best example here
Money talks and that is basically happening around in crypto. But have we ever think that this (shit) coins could survive even though they are already been listed in the market? It probably they'll not and there is no guaranteed assurance that investors will look into these coins. Of course, they are also looking for valuable coin/s that have a huge market volume and these (shit) coins had missed that one.
Simply, their financial income is actually based on the payments obtained from all the projects, so they can't refuse these shitty coins despite most of them are useless and unprofitable and that's why they keep listing them.
In fact, it is not a big issue if these coins are existed in the exchanges or not, you just need to ignore them, and never give an attention. Regrettably, some traders especially beginners are greedy, and it is too easy to control them through some fake information, predictions and stats.
In fact, it is not a big issue if these coins are existed in the exchanges or not, you just need to ignore them, and never give an attention. Regrettably, some traders especially beginners are greedy, and it is too easy to control them through some fake information, predictions and stats.
Exchange won't stop listing shitcoin, you can't stop them to do that. Because every coin listing takes a good amount of money, so, a shitcoin also pays to the exchange for the listing. And, after a certain period when that shitcoin suffers from low volume, exchange gives an ultimatum to increase the trading volume by anyhow, when shitcoin failed there, exchange kick out that coin! So, most of the exchanges are the main greedy, well player! Many big exchanges also do these things only for money. Be aware of it, don't invest in a hollow coin for quick money.
The exchanges list shitcoin for own profit. They can do whatever they want for their profit. I have seen on many exchanges list a shitcoin that does not even know the name, after listing, the coins are constantly dumped! Don't just blame small exchanges. Top exchanges also cheat retail traders by listing many shitcoin, with huge listing fees.Therefore, when listing any new coin/shitcoins on an exchange, before make trade you must verify yourself about project and team.
These is for their own purpose. Some exchanges still aim to be active and might think that those exchanges can give them atleast a chance. But at these times new project is still hard to be trust especially if not listed in trusted exchange. 
The exchanges list shitcoin for own profit. They can do whatever they want for their profit. I have seen on many exchanges list a shitcoin that does not even know the name, after listing, the coins are constantly dumped! Don't just blame small exchanges. Top exchanges also cheat retail traders by listing many shitcoin, with huge listing fees.Therefore, when listing any new coin/shitcoins on an exchange, before make trade you must verify yourself about project and team.
Seconded. The truth about the matter is that there haven't really been a solid project in recent times. Currently there is shortage of quality projects as most of them currently available are either mediocre or below par. So exchanges have no choice than to list them. It seems like the option for them to keep getting transaction fees. There is a need now for quality projects to start popping up and if that doesn't happen, Exchanges will continue with their shitcoins. No doubt, top exchanges like Binance or Okex even list shitcoins from time to time.
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