More on the "Delisting" of some Altcoins from Poloniex

in cryptocurrency •  8 years ago 

Altcoins of Doom.png

If you hold one of several cryptocurrencies, take note - they're likely going to be worthless in a couple weeks.

We write a little more about it here: http://metacoin.co/is-delisting-of-an-altcoin-a-kiss-of-death

If you're a semi-active trader, or a buy and hold person, this might underscore a couple other things:

1 - beware of coins that don't trade with much volume. (I've heard experts say 500 BTC or more is a good 24-hour volume threshold).
2 - always have stop-limit orders to save yourself from going completely under. (We held QORA and got out at 13 Satoshi. It's now at 3.)

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