Topic: Why are exchanges still listing shitcoins? - page 2. (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.
I think that this depends from exchange to exchange and their policy and business standards. Exchanges are focused on profit so as long as they get money they will list any coin, or at least some exchanges that don't care that much about their reputation and their clients.
So, you always have the choice and you can avoid exchanges that list shitcoins, simple as that.
So, you always have the choice and you can avoid exchanges that list shitcoins, simple as that.
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!
The reason why exchanges are still listing shitcoins or coins that don't have any good value is because this coins still needs to pay this exchanges for them to get enlisted, that is why even you don't want to see any shitcoins anymore they will still definitely get enlisted. 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!
talking about this subject, a few days ago I saw something very shocking, I talk about yoda the altcoin that had airdrop recently. I saw a lot of people in the yobit chat wondering about when altcoin would be traded and what the price would be. The expectation was very high, on the day that the yoda trade was open, it didn't take many hours to have a big dump... Altcoin started with a price of 200 satoshi and in a few seconds it reached 15000 satoshi (it had a big pump ) and after a few minutes a big dump started.
I wonder to myself today:
1 - Who are the members of Yoda's team?
2 - What is Yoda for?
These are the kinds of things that make certain exchanges only worsen their low reputations
I wonder to myself today:
1 - Who are the members of Yoda's team?
2 - What is Yoda for?
These are the kinds of things that make certain exchanges only worsen their low reputations
Now a days shitcoins are also playing important role in cryptocurrency platform. Long term shitcoins gives good revenue in this field.
I feel sarcastic reading this because if anything has actually made the altcoins market bearish its the fake coins and millions of altcoins coming up. I mean if there are limited altcoins and each with a solid idea and base then the market would be much more solid. Now a days people don't even tryst an ICO until a big team name is involved no matter how good the idea and concept is behind the coin. That is an unfortunate scenario actually because even the genuine coins are getting thrashed and get no support unless they have big budget and hire a reputed consultant or team member.If only shitcoins were not added to the exchanges so easily, the market would have been so much better.
Yes shit coins never listed in high quality exchange, listing fee is not a big deal here. If they research about fake coins how will get profit from random fake projects, they will never go to analyze for scam coins. Fake coins is major reasons to destroyed ico marketplace.
Yes only those shit exchanges listed those shit coins as well, big and huge exchanges doesnt list any shitcoin even they are having a good potential such as binance they are strictly implementing this rule, they even sometimes doesnt charge some coin devs for listing fees if they found out that the coin will be good for a longer term in their exchange, and they can earn in that coin as well. 
Exchanges which has some good reputation not bothering about listing those fake coins, but only low valued exchanges are listing these fake coins for listing fee. Every exchange should research a lot about the coin listing and this will surely improve their standards.
Yes shit coins never listed in high quality exchange, listing fee is not a big deal here. If they research about fake coins how will get profit from random fake projects, they will never go to analyze for scam coins. Fake coins is major reasons to destroyed ico marketplace. Why a lot ieo failed definitely blamed for listing in those shit exchange.
It's not that they are not interested, it is because it is not their job to research backgrounds of the coins they list in their platform, as long as that coin has its own price, and of course as long as they pay the right amount of money to be listed in a certain exchange, shitcoin will continue to exist, and even if it just shitcoins, other people are still relying on its small price and use that in their everyday living, we don't have to be bitter that much towards shitcoins.
I'm not promoting shitcoins but money is still money, what is just annoying about them is we spend a lot of time on their bounty hoping to get a decent amount of profits in their tokens but got disappointed at the end.
I sent them a mail asking them why they listed the coin without any website or team information and guess what, they did not reply. They are clearly not interested in answering such questions and won't be using this BitMart exchange ever.
Because they are getting their listing fee so they aren't interested in researching about the project. Also, it may be more unknown and unreliable exchanges listing unrecognized coins and not the trusted ones. It just makes investors/traders lose their money trading a coin that won't get them any profit.
obviously it is all for money and not for the safeties of their subscriber,and this is a BS on exchanges users like us in which we are entrusting our money in their platform without them caring for us ,this is unfair for a cryptonians.If you ask me, I hate times when good and trusted exchanges like yobit adds some bad coins for money, as far as small/new exchanges add some bad ones, I am fine with it.
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!
Although you had mention on the article about the way how exchanges should be like to improve security, to double down on trading features, or simplifying the on-boarding process for customers they are still business.
They created this probably to have money that is why they are accepting this kind of shitcoins. However, like what is mention multiple times it really affects their credibility. If they want to survive in the game they should atleast do their part and start filtering their exchange.
Because they are getting their listing fee so they aren't interested in researching about the project
It's not that they are not interested, it is because it is not their job to research backgrounds of the coins they list in their platform, as long as that coin has its own price, and of course as long as they pay the right amount of money to be listed in a certain exchange, shitcoin will continue to exist, and even if it just shitcoins, other people are still relying on its small price and use that in their everyday living, we don't have to be bitter that much towards shitcoins.
I'm not promoting shitcoins but money is still money, what is just annoying about them is we spend a lot of time on their bounty hoping to get a decent amount of profits in their tokens but got disappointed at the end.
Shit exchange will really be different to those who are reputable when it comes to checking of project that they do tend to list.For ordinary ones then
they wont really matter much on searching towards its background for top ones? they will normally always have those criterias to seek on.
Exchange are businesses and its normal for them to focus on listing coins as many they can.
Because they are getting their listing fee so they aren't interested in researching about the project
It's not that they are not interested, it is because it is not their job to research backgrounds of the coins they list in their platform, as long as that coin has its own price, and of course as long as they pay the right amount of money to be listed in a certain exchange, shitcoin will continue to exist, and even if it just shitcoins, other people are still relying on its small price and use that in their everyday living, we don't have to be bitter that much towards shitcoins.
I'm not promoting shitcoins but money is still money, what is just annoying about them is we spend a lot of time on their bounty hoping to get a decent amount of profits in their tokens but got disappointed at the end.
Because they are getting their listing fee so they aren't interested in researching about the project.
Exactly as many of the ICOs also target such exchanges because no matter what your coin is about, if you can pay their fees they will list you. I remember a few exchanges listed Flux coin which actually was a total flop and investors lost their money I believe. That's why there is a huge gap between reputed exchanges and new/regular exchanges as the reputed ones would never take money and list just any coin.
But that said sometimes these small exchanges do help because a new exchange cannot get listed on Binance directly and need some hike from small exchanges first.
It is because of money $$$. Of course one of the ways in order for an exchange to earn profit is by listing fee. They do not have care if it is a shit coin or it is a potential coin, they are just listing because of the profit that they can get. Even in reputable exchanges Like Binance and Bittrex, there are a lot of shitcoins are in there so as a trader we should be careful on thr altcoins that we are trading un order to avoid losses.
Agree, all because of money, they don't care if it can harm the traders if they trade shitcoin. I really hope all the Exchange developers to tighten the listing rules. For example by adding high fees so that shitcoin developers cannot afford to pay for registration fees on the Exchange. 
Exchanges won't stop listing shitcoins until they stop getting money from applications or bribe money to get certain coins or tokens listed. The larger and more reputable exchanges typically have more stringent applications that makes it harder for newer coins to get listed, but most exchanges allow shitcoins to be pretty easily listed. I don't find many advantages as someone who doesn't trade those coins to have a ton of them on exchanges, but I guess it also does boost an exchange's overall trading volume by a bit.
Some exchanges, will continue to list any coin as long as the team will pay the exchange for every pair that they will about to ask, and it would be a long term listing sometimes, there are some exchanges that won't let this happen, I think in HitBtc if I am not mistaken or in other exchange they will delisted the coin once it is not yet active and orders are not huge and they dont have any trades. Binance is very strict in terms of this one so as you can see, they aren't listing any shit coins there. 
Because they are getting their listing fee so they aren't interested in researching about the project. Also, it may be more unknown and unreliable exchanges listing unrecognized coins and not the trusted ones. It just makes investors/traders lose their money trading a coin that won't get them any profit.
obviously it is all for money and not for the safeties of their subscriber,and this is a BS on exchanges users like us in which we are entrusting our money in their platform without them caring for us ,this is unfair for a cryptonians.Nevertheless, if anything happens to a specific shitcoin, the exchange who listed it has also had a responsibility to compensate the users if anything goes wrong. That's how you identify good exchange. It's unavoidable to a certain exchange not to list shitcoins, because even shitcoin had a chance to improve in the long run, as long as the team keeps on working and developing. Plus the exchange receive good profit from listing depends on the deal they've reached.
Because they are getting their listing fee so they aren't interested in researching about the project. Also, it may be more unknown and unreliable exchanges listing unrecognized coins and not the trusted ones. It just makes investors/traders lose their money trading a coin that won't get them any profit.
Bitmart have published their article mentioning they did their reasearch They have just mentioned their explorer information, nothing else and the coin surprisingly is doing good with a market volume of 0.13 BTC. Will send them an email to know their reason and update more information here.
It is because of money $$$. Of course one of the ways in order for an exchange to earn profit is by listing fee. They do not have care if it is a shit coin or it is a potential coin, they are just listing because of the profit that they can get. Even in reputable exchanges Like Binance and Bittrex, there are a lot of shitcoins are in there so as a trader we should be careful on thr altcoins that we are trading un order to avoid losses. Bitmart have published their article mentioning they did their reasearch They have just mentioned their explorer information, nothing else and the coin surprisingly is doing good with a market volume of 0.13 BTC. Will send them an email to know their reason and update more information here.
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!
Exchanges care only about one thing and that is to make money and if they have to list bad coins to make money then they are going to do it, I know this sound bad but it is the truth, exchanges like any other business want to obtain profits and if people are willing to throw away their money to those coins then they are going to list them even if deep down they know they are listing bad coins, at the end of the day it is not their job to help investors to manage their money and if they want to waste it in such coins then so be it. 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!
It won't harm you even if there is a lot of shitcoins in an exchange, unless you are going to buy them for your own personal reason or whatsoever. It is just business, so we don't have the rights to complaint about it, if we do have, then why not make an exchange that exclude shitcoins in the list, that would be awesome.
https://bittrex.zendesk.com/hc/en-us/articles/360022158031-Why-Bittrex-Removes-Certain-Coins-or-Tokens
https://cointelegraph.com/news/binance-delists-trading-pairs-some-include-tokens-from-its-launchpad
But for some reason/s why some exchanges listed new coins or tokens is because they think that this could help to attract investors and may it serves to increase their market volume. But it is sad to say that most investors aren't convinced enough especially when that certain exchange is new and having a questionable reputation.
The reason why exchanges exist is because their duty is to list coins, they didn't mention that shit coins are not included or will not be included in them. It is a business, that is why they are still existing up to now, when there is money, there is a way for shitcoins to be listed in an exchange, which is not contradicting any law of the cryptocurrency world that shitcoins should be banned and so on.
It won't harm you even if there is a lot of shitcoins in an exchange, unless you are going to buy them for your own personal reason or whatsoever. It is just business, so we don't have the rights to complaint about it, if we do have, then why not make an exchange that exclude shitcoins in the list, that would be awesome.
It won't harm you even if there is a lot of shitcoins in an exchange, unless you are going to buy them for your own personal reason or whatsoever. It is just business, so we don't have the rights to complaint about it, if we do have, then why not make an exchange that exclude shitcoins in the list, that would be awesome.
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