On May 2, 2017, the following will be delisted from Poloniex.com: BBR, BITS, C2, CURE, HZ, IOC, MYR, NOBL, NSR, QBK, QORA, QTL, RBY, SDC, UNITY, VOX, XMG.
I like to have a bit of everything when I invest in alt-coins. I will buy at least 10 of any coin, because you never know which one might get hot. This strategy worked out well for me when my BitcoinPlus (XBC) shot up in value. The profits from that more than cover my losses in the recent delisting. The coins listed above just don’t have the momentum to be the next big thing. I will briefly walk through what I did in the delisting.
First, I check https://coinmarketcap.com/ to see if the coin is listed on any other exchanges.
Secondly, I’ll will check PoSWallet to see if any of the coins are there. This is a good wallet with lots of coins. It is a proof of stake wallet, and most coins held in this wallet will collect minted coins or stakes. No mining just small payments for holding the coin. The more of a coin you have, the more your stake payments. They also have many free faucets. I like their model, as they absorb some weak performing coins and put them under their umbrella. They help to keep these various coins alive. Theoretically they are absorbing all the value of lesser known coins, and giving value to their own coin PoSW. They do have some good coins like PIVX in their wallet. Users can also vote to add new coins. Click the link below to sign up for the wallet.
https://poswallet.com/login.php?referral=mrbanana
Boolberry (BBR)- Sold for a total loss of -0.00086382 BTC.
Bitstar (BITS)- The amount of coins I have at the current sell price are below the minimum transaction of 10,000 satoshi. Unable to sell. I will hold in case the price changes to an amount where I can sell before May 2. I’m assuming this will be a total loss of -.00010366 BTC.
Coins2.1 (C2)- The amount of coins I hold at the current sell price are below the minimum transaction of 10,000 satoshi. I’m assuming this will be a total loss of -0.00021481 BTC.
CureCoin (CURE)- Sold for a total profit of +0.00000022 BTC.
Horizon (HZ)- Unable to sell. I’m assuming this will be a total loss of -0.00010072 BTC.
I/O Coin (IOC)- I sent this to my wallet at Bittrex.com. I will probably sell it here.
Myriad (XMY or MYR)- Sold for a total profit of +0.00009874 BTC.
NobleCoin (NOBL)- Unable to sell. I’m assuming this will be a total loss of -0.00023681 BTC
NuShares (NSR)- I sent this to my Coinomi wallet on android.
QiBuck (QBK)- Sold for a total loss of -0.00127338 BTC.
Qora (QORA)- Sold for a total loss of -0.00068870 BTC.
Quatloo (QTL)- Unable to sell. I’m assuming this will be a total loss of -0.00027891 BTC.
Rubycoin (RBY)- Sent to my wallet at poswallet.com.
ShadowCash (SDC)- Sold for a total loss of -0.02096869 BTC.
SuperNET (UNITY)- Sold for a total profit of +0.01044093 BTC.
Voxels (VOX)- Sold for a total loss of -0.00021210 BTC.
Magi (XMG)- Sent to my wallet at poswallet.com.
Total loss .01371301 BTC or $17 USD.
Thanks for checking out my blog. Comment below on your theories of what will happen with these coins. Some people on the exchange are buying them all up, will they be motivated to improve the coins? Individuals now own huge chunks of these coins. Is it possible they can give them new life?