is it bad to be removed on a waitlist???

no, I think you should always keep yourself on the list just in case you ever change your mind. Unless you're SERIOUSLY 1000000% sure that you HATE whatever item you're listed for lol.
 
Yeah if you're really sure you don't want it then go ahead and take yourself off the list..it's better to do that because then they won't go ahead and charge your card for something you don't want.