Topic: [ANN][EXCHANGE] Poloniex - Crypto Exchange with BTC/NXT - page 102. (Read 272544 times)

I've started playing on poloniex only recently and have a question, are loans provided 100% risk free? What would happen if loan provided goes to margin buy certain alt, but its price takes a sudden dive and goes below the liquidation price? Who bites the loss? Poloniex or the lender?

Since today i can't request a new deposit address anymore. I hope that is only a temporary bug, otherwise it would compromise anonymity.

hello busoni

i ad requested to have the coin aeon coin added to your exchange. it was listed there before and you can see tere is alot of interest in the coin. would be great to add the coin considering your the top exchange for cryptonote coins

https://bitcointalksearch.org/topic/ann-aeon-2019-09-27-upgrade-to-version-01300-asap-hf1146200-oct-25-641696

Busoni and OldManKidd,

I submitted a request to have our coin added: NexusNiro BTC/NIRO

Currently, we have the Github repository closed-source since we have a number of technical innovations that we did not want scam developers to clone until we were ready to release the code to the public.  It is based off of peercoin but having been heavily re-coded to address and resolve many flaws in both the Peercoin and Bitcoin protocols.  There's a number of innovations you can read about in our white-paper: http://nexusniro.com/papers/.  We are fine with open-sourcing Nexus Core if this is a requirement for adding to Poloniex.

Here's our ANN from July 19, 2014: https://bitcointalksearch.org/topic/nexus-pure-sha3-cpugpu-npos-15-active-innovations-more-to-come-657601

Here's the breakdown of just one innovation, nPoS: https://bitcointalksearch.org/topic/m.11882668

We have had the code reviewed by Bittrex and it is currently traded here: https://bittrex.com/Market/Index?MarketName=BTC-NIRO

However, we would like to have a second exchange for arbitrage and increasing volume.  Poloniex is considered the go-to exchange for legitimate cryptocurrencies and we are seeking your help.

Cheers,
Patrick

But you would not be able to use these interest free balances. I mean you only can use it for margin trading. Then you would need to buy and sell so often that the fees for this bot would be enourmous. Way worse than any profit from the short term loan.

No. I would borrow 2-3 times the amount I need, and have the program recycle the borrowings constantly. There would be a steady, interest-free balance for long-term shorting.

Yes, and in general push the market rate up, as not everyone keeps the Auto-lending feature on.

You would short for free... for one minute. What's in it for you then? It's not that you can earn money by doing that. In fact you will lose money when you use it for trading.

The only advantage one could get with that might be clearing out the loans so that your own, higher priced, loan will be taken.

But for shorting it sounds useless.

I do not claim such a bot exists. Just saying it is a possibility, as this "taking an offer, returning the money within 1 minute" seems to be very persistent. Since it is possible to hold lender's money without paying interest, it is possible to automate the process. Benefit: shorting for free.

If you do not see any problem with this, please lend me some money. I will hold your money, but will not pay any interest. From lenders' point of view this is definitely a problem.

What would be the purpose of such a bot? I don't see how it could be used usefully. I mean margin trading costs fees and they are high on bitfinex. So i wonder where you see the problem.

The P2P lending feature is great, but needs some fine tuning. Apparently it is possible to borrow very short term (minutes, hours?) and not pay any interest at all. This feature is being actively abused by some borrowers. Lending offers are taken, and the borrower returns the money immediately. There are various reasons why the borrower would do this. The wildest one being; one could set up a borrowing bot to constantly recycle loans, and thereby borrow without paying any interest at all! For a lender, choosing "Auto-renew" is not always a good option.

Bitfinex solved this same issue by making the borrower pay interest for at least one hour. So even if the borrower returns the money after just 30 seconds, he still pays one hour's worth of interest. This would be a fair way to solve the issue. As per now, lenders gain no interest even though they provide the funds, and Poloniex gains no commission for this activity. If the lender did not have Auto-renew on, his money is now off the market until he comes back (could be days).

---------------------------------------------------------------------

Another suggestion: Currently the site's exchange and lending pages are very slow to use. The site provides you all kinds of unnecessary information, and then immediately starts refreshing that unnecessary data. Getting an offer through, requires sometimes minutes of waiting. For example, when logging in, it is not necessary to download the full orderbook, chart, market depth, past trades etc. for Monero. That info is needed only by those who trade Monero, not by everyone who logs in. There could be an option to customize what kind of info is shown. E.g., don't want the trollbox? Fine, just opt out in the "My profile"-page. A lot of bandwith and server resources is saved and the site becomes usable again.

The last one: Sometimes after lending with Auto-renew on, the market rate moves up, and there's a need to switch the Auto-renew off for all of one's outstanding loans. This is a pain in the butt, as by that time, your one 10 BTC lending offer has turned into 35 small loans, and you have to click the Auto-renew off one by one. The site is very slow (see the above paragraph), and this will take minutes. So, how about a simple "Auto-renew ON/OFF" switch for "My Active Loans"?

Thanks, i didn't know about that possibility. I try that now. Unfortunately they only allow 500 signs. Now i have to see how i can shrink the text. They really should allow more there.

Hi,

I think you should try to direct your idea through https://poloniex.com/featureRequest.

There it has a higher chance of being read than on BCT.

I think the Stop Loss order might need an update. It works as intended but the problem i have is that you never can set it to buy with all of your bitcoins or sell all of your coins.

First it says Infinite in the two lower fields but when you try to send it does not accept this order. Then you adjust it but the order gets adjusted to the value of the limit. And that limit is always higher or lower than the actual price. Which means the order should get filled with better offers than limit says. At the end you will have some coins unsold or some btc not used to buy coins.

I already set the limit more near to the stop even though that risks that the order gets filled instantly in full.

What i would like to see is that the order can be used with infinite. So that all coins are sold or all btc are used to buy coins.

Can this be done? Thanks!

I can't see my SDC deposit I made 7 hours ago  

e. arrived.

+1

Love your site, the only think i don't like are the way in which graphs are displayed, but that is subjective. (I myself prefer something along the lines of bitcoinwisdom).
Your vast support of cryptocoins is also nice

Just a heads up to let you know that www.PICISI.com is now in admin-alpha testing.  And that we released Pi (currency code NUMUS) at the NXT currency exchange: https://nxtportal.org/currencies/1350076970661039300

We would like Pi listed at Poloniex

would be cool to have MAPC added...

My withdrawal is also frozen on Poloniex. Could be due to a fact that I opened an account with a random name. It's only 1 BTC, but still hurts to lose it because of my own stupidity. Lesson: never trust your btc to a US based site.
UPDATE: Advised it will take up to 48 hours to process my withdrawal. I might need to be questioned.
UPDATE: funds released. Thanks. But still lost a few nervous cells..

He doesnt check in every day, but try messaging the boss here if you still have had no helpdesk response..... https://bitcointalksearch.org/user/busoni-139578