Why are exchanges still listing shitcoins? - page 6.

LUCKMCFLY

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Quote from: crabby on January 27, 2020, 06:44:55 PM

~snip~

I think the reason is simple and it is not so much because of the technology that some shitcoins can represent to have or that so much innovation has, everything lies in the business model they represent, both the creators of shitcoins with the Exchanges have a great business, where they can manipulate and extract profits, especially when the shitcoins do a lot of publicity and gain community, the Market Makers are the ones who really earn the most in these cases.

Some in the end only survive with the Pump and Dump .... thus they give movement to the shitcoins and tend to be over time, even when Bitcoin falls in price.

Darooghe

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Stick this in your head. Exchanges are charging to much cash to list coins. New coins that pay their way onto exchanges are already a 'no go' for me. they are just Pumped and Dumped coins. Better spend the money on established coins that have been around for years. Now, despite the fact that we have new shitcoins coming out weekly, at least we have hundreds of projects with real utility and innovation so that the shitcoins get less visibility.

msarro

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Quote from: crabby on January 27, 2020, 06:44:55 PM

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 most obvious reason is money, my friend. Every coin that goes to exchange needs to pay some money for its entitlement. Plus exchanges also earn a commission from the trading of these shit coins. So it's a win-win situation for exchanges to enlist shitcoin.

cotton ball

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Quote from: maxreish on January 29, 2020, 05:13:43 AM

Here's a simple logic;
New coin listing=more money for exchanges.

That is how they are gaining from those coins even if the coin is a shitcoin or not. As long as there are still trading or as long as there are investors that are buying those coins in their exchange, they are benefiting from it. And yeah that's some kind of an advantage to them. Anyway, exchanges also delisting some coins that aren't been useful to them and to the community.

Absolutely when have many shit coin give much money for exchange, they only ready some coin listing with their exchange market and then shit coin or not is not big mistake because the exchange job only listed and not giving guarantee about coin on their market have higher or lower price, when have big change to get much money why not.

maxreish

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Here's a simple logic;
New coin listing=more money for exchanges.

That is how they are gaining from those coins even if the coin is a shitcoin or not. As long as there are still trading or as long as there are investors that are buying those coins in their exchange, they are benefiting from it. And yeah that's some kind of an advantage to them. Anyway, exchanges also delisting some coins that aren't been useful to them and to the community.

Slow death

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Quote from: crabby on January 27, 2020, 06:44:55 PM

Why do you think exchanges are still listing shitcoins?

I think the answer to your question can be found in the altcoin section, but I will summarize what happens:

If a person X creates an altcoin without any purpose, without anything useful, but millions of people like that altcoin (it's complicated to try to understand what people like) and this altcoin has millions of people in its community, what do you think any exchange will do if that altcoin asks that your altcoin be listed on the exchange? Do you think the exchange will refuse? if the exchange refuses it can lose millions of potential customers and without customers an exchange cannot survive.

Quote from: crabby on January 27, 2020, 06:44:55 PM

Do you think there are some advantages to having a bunch of shitcoins on an exchange?

yes it has advantages, as I said exchanges need customers and these shitcoins bring customers to the exchange

crossabdd

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There are a number of things an exchange needs, especially a new exchange. one of them is a coin that is traded. the growth of the exchange over time is very large, but the quality is very bad. why did they release shitcoin? because they need partners to make investors believe. even exchanges provide coin releases without fees or just by voting. this is a bad exchange of cooperation with a bad project. the shitcoin project only needs voting from the community. and choose release in exchange for no fee. this is why shitcoin is able to enter in exchange. just make trust in the community, then vote, release it in the market, then the project stops. certainly when all project teams have benefited.

carter34

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Since there is no regulation stopping such, exchanges will always continue to open their hands to shit project because they are not listed for free. Exchanges will even profit more from shit coins because they are all every where.

sisule

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Every exchange market looking for fees payment after some coin listed on their exchange without care will listed shit coin or not, just receive how much payment fee with some coin listing and few months later coin did not have good price exchange market will delist this coin and looking for with other shit coin.

kotajikikox

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Quote from: adzino on January 28, 2020, 03:54:10 PM

Quote from: crabby on January 27, 2020, 06:44:55 PM

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!

If I am not wrong, users get a chance to vote for a coin to get listed, right? Probably, most of the votes are given by users that shill for the coin and users that get paid voting for that shit coin. The exchanges are also at fault over here. To get listed on an exchange, as far as I know, the developers has to pay a huge amount of fee/money to get listed in the exchange. The more the reputed the exchange is, the higher the fee. Those shitcoin developers pay those exchange, and then the exchange lists them all for the money.

yeah users are sometimes including for a vote so the coins will be listed but of course if the involve is shitcoins and shit exchange we can expect but money matters only.they will pay and then will list as simple as that.
and this same manner that investors are now backing out to invest in these coins and also affected the whole crypto market.
i believe that this must be stopped and let legit currencies flow int he market and these scammers must put in jail for scamming people.

adzino

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Quote from: crabby on January 27, 2020, 06:44:55 PM

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!

If I am not wrong, users get a chance to vote for a coin to get listed, right? Probably, most of the votes are given by users that shill for the coin and users that get paid voting for that shit coin. The exchanges are also at fault over here. To get listed on an exchange, as far as I know, the developers has to pay a huge amount of fee/money to get listed in the exchange. The more the reputed the exchange is, the higher the fee. Those shitcoin developers pay those exchange, and then the exchange lists them all for the money.

carlfebz2

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Quote from: harizen on January 28, 2020, 01:27:01 PM

Quote from: Ucy on January 28, 2020, 09:41:39 AM

Depends on what you mean by s*tcoin. We currently don't have any general agreed standards of what makes a cryptocoin, s*t or good coin.

The sh*tcoin on OP's article is referring to those coins;

A) that are totally dead and no more active development (basically, devs left the project without a trace and just let their project hang in the air)
B) low liquidity and almost close to 0 volume although team behind these coins are still "active"

I don't see how exchanges, big or small, will still benefit if they will not delist a dead coin after a year of being abandon. Surely, devs of those dead project will not pay for additional fees to avoid delisting so we can take out now the purpose of why these dead coins are still listed is because exchanges are still getting money out of it.

Small to mid exchanges want to climb up a ladder and cope up with the competition so having a variety of listed coins, whatever the status, might be a good portfolio and factors, especially for altcoin traders.

Anyhow, we can't do anything about this. We just have to simply ignore these coins.

We dont have any choice but to indeed ignore these shitcoins.They do build up liquidity which means it do add up on exchange reputation when it comes to volume but we do know that the community isnt really blind on which one is popular and which isnt.

When it comes to the question why they didnt delist it? Its either they do just let those coins sit or they dont need to free up some space.They do just let those shitcoins come in as they like.

Kelvinid

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MOney, that is all about...that is a common thing to happen, some developers and project owners tried to sneak their project and pay just to be listed in a certain exchange (not known exchanges). That is the only thing that they can do because known and reputable exchanges won't let this thing happen.

Anyway, no matter how much they pay shitcoins will still be nothing. Market volume is very important here and investors are very concerned about that matter even this coin is listed they can't still be chooses if there is no market volume that could attract investors.

TinaK

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In this journal Bitcoin field most of the the new projects are been scam at the same time while you plan to list your shit coins in any good exchanges you must need to give big fund for them.
I just saw few exchanges which listed many time and if you have the tokens without listed nothing can be done bro.

electronicash

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i have use BitMart since i did have Brickblock (BBK) which is traded there but have not learned of this TSL. i'm not going to be surprise if the exchange partnered with this coin's team or the team paid a huge amount of get their coin listed. either of it, its still not good to see coins that is listed but no data can be fond about it because its becoming of a pump and dump coin as well.

harizen

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Quote from: Ucy on January 28, 2020, 09:41:39 AM

Depends on what you mean by s*tcoin. We currently don't have any general agreed standards of what makes a cryptocoin, s*t or good coin.

The sh*tcoin on OP's article is referring to those coins;

A) that are totally dead and no more active development (basically, devs left the project without a trace and just let their project hang in the air)
B) low liquidity and almost close to 0 volume although team behind these coins are still "active"

I don't see how exchanges, big or small, will still benefit if they will not delist a dead coin after a year of being abandon. Surely, devs of those dead project will not pay for additional fees to avoid delisting so we can take out now the purpose of why these dead coins are still listed is because exchanges are still getting money out of it.

Small to mid exchanges want to climb up a ladder and cope up with the competition so having a variety of listed coins, whatever the status, might be a good portfolio and factors, especially for altcoin traders.

Anyhow, we can't do anything about this. We just have to simply ignore these coins.

milewilda

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Quote from: crabby on January 27, 2020, 06:44:55 PM

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!

All is for volume thats why some exchange doesnt care on listing out shitcoin specially to those new ones who do list out even the crappiest projects out there but
somehow there are exchangers which are old but does have bunch of shitcoin listed. Ex. Yobit., go to that place and you would see tons of them.
All is for money of course but we know that top exchangers does have much stricter rules when it comes to listing stuff.It all varies though.

fib1012

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There is not only shit coins in the race to scam money from immature trader, But also there are a lot of shit exchanges are busy to make fool innocent people and scam thir hard earn money,

My humble opinion don't trust these shit exchange and alway bookmarked your official links to avoid any fraud.

ReiMomo

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Every coin that will be listed on the exchange that is equal money for them, they dont care if that is the potential coin. They just want to earn profit from listing and those tier exchanges will potentially do that. They after what they get profit from the new coins wanted to list on their exchange because of the fees they will receive.

AniviaBtc

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Quote from: bassbity on January 28, 2020, 03:37:45 AM

Only low exchanges still register shitcoin to their exchanges, low exchanges only prioritize money compared to its liquidity because a lot of shitcoins come in so that the price of tokens can be easily manipulated by certain projects for many who glance at it and of course this will not last long in its trade.
Shitcoin is listed on the low exchange a lot this has happened recently.

And also shitcoins are good alternative for bitcoin because it can help you earn money. Not quite huge amount of profit compared to the ability of bitcoin that can make you earn a lot. Most exchanges prohibits shitcoin because of its liquidity in the market. But some huge exchanges also prefer to allow shitcoin in their exchange because they know that many people are still relying on the price of that shitcoins. Example of a shitcoin that needs to be eliminated are XRP and Digibytes. But I've saw that XRP are still useful in some infamous exchanges.

Topic: Why are exchanges still listing shitcoins? - page 6. (Read 1498 times)