Hmm I don't really agree, unless measure of success is totally based in something like coin price and market cap, which is something very bank orientated. Remember Poloniex is in Goldman Sachs's pocket now, going full KYC and fiat trading.
BitShares went through all this with Bittrex delisting and its far from dead, quite the opposite 2nd most used block chain by a long long way, averaged 4.6 million transaction daily over past 7 days and I can see that only increasing more and more.
Does depend on the coin, ones with actively used blockchains and working products will continue to be used, that can't be stopped. They will end up being listed somewhere else for sure, maybe even on BTS platform :D.
Been on Steemit about 3 weeks and your response was what I thought this platform was all about - meaningful discussion and thoughtful comments. Haven't really seen that until this comment. Everything seems to get lost rather quickly amongst the huge number of posts.
So thank you for your thoughts.
I think there will always be 2 types of coin/ token buyers: users and speculators.
Your comments echo a user. Someone that researches a coin based on utility and whether it will still be around being used 1 year or 5 years time, and therefore assigns a value based on that.
Unfortunately most in the crypto space are speculators looking for quick gains. They understand little about a coins use case and care even less.
Delisting of coins and associated huge drop of their prices because of that shows perfectly that most are speculators. The underlying fundamentals of the coins haven't changed just because of an exchange delisting, so why the drop in price...because without a way to buy and sell, pump and dump, the coins are now 'out of the game' so their prices fall accordingly.
Also, exchanges aren't charities. They want to make money. And the only way for them to do that is if the coins trade... with consistent and decent volume. If there wasn't trading volume on one exchange til now (Poloniex), most likely still won't be trading volume no matter the exchange. I see no reason why a different exchange will list one of the delisted coins unless they were paid to do so or are one of the many 'dodgy' exchanges most don't trust to use.
I wish people were users and made decisions from that, but i accepted long ago most of the crypto space is driven by speculation, not tech.
Yes smart move. The past has shown that once a coin is delisted, it fades away to nothing.
Hmm I don't really agree, unless measure of success is totally based in something like coin price and market cap, which is something very bank orientated. Remember Poloniex is in Goldman Sachs's pocket now, going full KYC and fiat trading.
BitShares went through all this with Bittrex delisting and its far from dead, quite the opposite 2nd most used block chain by a long long way, averaged 4.6 million transaction daily over past 7 days and I can see that only increasing more and more.
Does depend on the coin, ones with actively used blockchains and working products will continue to be used, that can't be stopped. They will end up being listed somewhere else for sure, maybe even on BTS platform :D.
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Been on Steemit about 3 weeks and your response was what I thought this platform was all about - meaningful discussion and thoughtful comments. Haven't really seen that until this comment. Everything seems to get lost rather quickly amongst the huge number of posts.
So thank you for your thoughts.
I think there will always be 2 types of coin/ token buyers: users and speculators.
Your comments echo a user. Someone that researches a coin based on utility and whether it will still be around being used 1 year or 5 years time, and therefore assigns a value based on that.
Unfortunately most in the crypto space are speculators looking for quick gains. They understand little about a coins use case and care even less.
Delisting of coins and associated huge drop of their prices because of that shows perfectly that most are speculators. The underlying fundamentals of the coins haven't changed just because of an exchange delisting, so why the drop in price...because without a way to buy and sell, pump and dump, the coins are now 'out of the game' so their prices fall accordingly.
Also, exchanges aren't charities. They want to make money. And the only way for them to do that is if the coins trade... with consistent and decent volume. If there wasn't trading volume on one exchange til now (Poloniex), most likely still won't be trading volume no matter the exchange. I see no reason why a different exchange will list one of the delisted coins unless they were paid to do so or are one of the many 'dodgy' exchanges most don't trust to use.
I wish people were users and made decisions from that, but i accepted long ago most of the crypto space is driven by speculation, not tech.
Cheers
:)