I noticed the coins that were removed from Poloniex their prices have been decimated, what would happen to the price of digibyte if it was removed from Poloniex and is there any danger of this coin being removed in the future?
On the short run it would lower the value drastically, but having Bittrex as well gives us another solid place to buy and sell.
There is only one coin that is over 3 years old that has never been on Poloniex and value and community continues to increase. This is Gulden but that is because the devs have requested not to be added and they probably have the best development outside of bitcoin and ETH.
Every coin in the top 20 is listed on Poloniex but there was definitely some shady insider info taking place with those coin removals. Some coins were pumped and then dumped just before the removal announcement.
Maybe it was coincidence but it did look suspect to me. I do think dgb will lose 70-80% of its value short term if removed from Poloniex but like Gulden it can thrive without Poloniex in the long term.
What a bunch of idiots if they don't want to trade on Poloniex, they will never be noticed in crypto if they not on the largest exchange. "No Poloniex don't add us because we don't want the value of our coin to be 5 times the current value and fuck over our investors".
Do you think digibyte would be getting pumped like this if it wasn't on Poloniex? People need to grow up and accept the fact Poloniex is the only exchange worth being on.