Hi guys i read on the news that major few exchanges are delisting some altcoins that falls to keep up due to present bear market, for example poloniex exchange is delisting Omni and primecoin and others, what do you have to share about this?
Some are saying its good to invest in old coins now few old coins are dying, I believe they've met the end of their roadmap, no more excitement about them, this is why i still feels that newer coins will take the bigger advantage of future greenish market, what do you think?
That's the reality that every investor must face, waking up that he has no exchange for his coins, because of low volume, considering that they paid a big amount just for the exchange to list their coin, only exchanges made a huge profit here, no wonder some exchanges are inflating their volume to make them attractive to new projects for listing.
Delisted altcoins have no demand by the day traders and exchanges have to make money too. The trading fees contain the major part of exchange profit and idle altcoins have no advantage for the precise exchange. The reality is scammer give money to the exchanges for listing their token without asking questions and later they team dumps his own allocation with the bids of new traders. Later the team goes away and traders can't trade the dead altcoins which will be delisted by the exchange soon.