Topic: Is poloniex scamming customers - page 4. (Read 3849 times)
I don't think Poloniex is scamming their customers, but I don't think they are free from reproach. They are making a lot of money of trading fees, and should be able to use some of that to stabilize the site. In the end, I guess it's up to the users to stop using them, and take revenue away from them until they get their shit sorted out.
I think this kinda of thing can happen when a big pump or dump is going on for a coin, and its not like Polo was causing it, the price was actually being pumped and dumped for the coins, so people do usually make a lot of trades and this scenario, and also a lot of people join in at once, that could be the reason that the service starts to lag.
I hope Polo is not doing this intentionally.
I hope Polo is not doing this intentionally.
Are you sure that you know what you're talking about at all? Poloniex and Yobit can not be compared in any way. At the time of posting, Poloniex is the #1 exchange in the trading volume in 24 hours, standing at: $627,276,266.
Of course I know they can't and shouldn't be compared but they are the ones questionable exchanges mostly, yobit also has some large alt volumes as well.Polo has the largest volumes but they all are in altcoin pairs even USDT is an altcoin.
Reason why price is higher in polo than other exchanges.
It's all like online casinos, you are not actually playing against someone else but the house, these exchanges are the ones people trade with and if you find a way to profit you'll see how they will start manipulating orders and kicking you out from the scene unless you have a thick skin.
Not only poloniex but yobit as well, how obvious should it be to figure they're heavily manipulating alt markets?
Can you find a large Bitcoin volume in either of those services?
Are you sure that you know what you're talking about at all? Poloniex and Yobit can not be compared in any way. At the time of posting, Poloniex is the #1 exchange in the trading volume in 24 hours, standing at: $627,276,266. Can you find a large Bitcoin volume in either of those services?
no because it's extremely difficult to manipulate BTC unlike altcoins which were designed specifically for the sole purpose of pump and dump.
A lot of those altcoins are a scam in their own way, XRP (which isn't even a currency), NEM, DASH, et. al. As much as I'd like to objectively explain why, this isn't the right thread for it. I do agree that most of them are easy to manipulate and this is being done constantly.If by some miracle you are an average joe and same time however holding some altcoin in bulk in a way that if price pumps 2000% you'll become a millionaire and you are now a millionaire because you successfully dumped them all then they are saints and not manipulators.
A lot of newbies are going to get burned on those. It's practically guaranteed.
Not only poloniex but yobit as well, how obvious should it be to figure they're heavily manipulating alt markets?
Can you find a large Bitcoin volume in either of those services? no because it's extremely difficult to manipulate BTC unlike altcoins which were designed specifically for the sole purpose of pump and dump.
If by some miracle you are an average joe and same time however holding some altcoin in bulk in a way that if price pumps 2000% you'll become a millionaire and you are now a millionaire because you successfully dumped them all then they are saints and not manipulators.
Can you find a large Bitcoin volume in either of those services? no because it's extremely difficult to manipulate BTC unlike altcoins which were designed specifically for the sole purpose of pump and dump.
If by some miracle you are an average joe and same time however holding some altcoin in bulk in a way that if price pumps 2000% you'll become a millionaire and you are now a millionaire because you successfully dumped them all then they are saints and not manipulators.
Coming from you I may have to rethink my opinion on them. But they started as a small exchange that listed many questionable altcoins. A mistake they could correct easily now that they are one of the largest exchanges.
I do hope I don't have to remind you of certain coins growing 7000% in one day over there? They still have a lot of weird coins or recently had (e.g. Bitcoin Dark & Bitcoin Plus both which are heavily centralized in terms of mining and effectively dead). It is also quite unclear what is required to get a coin listen on Poloniex. I suspect connection && strong capital (lack of transparency).This is very interesting to me. If you do not mind telling us more, we would like to hear it. You can also privately message me if you prefer that but I will want to hear your thoughts about it.
Do some chart analysis on volume and altcoin market capitulation in the last 6 months and focus on Poloniex. Don't other exchanges like Kraken have dump problems as well? ETH crashed on Kraken due to an issue they had there, but I do not see anyone calling them out.
Kraken isn't orchestrating absurd pumps. I am aware of their problems, and that crash was due to a simultaneous DDoS on both Poloniex and Kraken. It's not really their fault, unless of course they are behind it.Poloniex is a very legitimate exchange in my honest opinion, as I have never had a problem trading on there.
Anecdotal evidence is really useless. 
I find Poloniex highly shady at best. Almost all of the current Altcoin pumps & dumps, and orchestrated market inflation is done on Poloniex. There is no way that they suddenly attained so much money nor volume. However, something like this is extremely hard to prove without the involvement of authorities. Especially:
All things considered, this is probably better suited for Service Discussion.
Don't other exchanges like Kraken have dump problems as well? ETH crashed on Kraken due to an issue they had there, but I do not see anyone calling them out. Poloniex is a very legitimate exchange in my honest opinion, as I have never had a problem trading on there. This issue is happening everyday with poloniex and im sure they got the money to make sure to keep their site running so why is this fucking site lagging all the time when the volume on their site increases a bit??
You'd need to prove that their downtime is artificially created by themselves. This is very hard to do even if you had access to their infrastructure (e.g. they could hire someone externally to DDoS themselves). All things considered, this is probably better suited for Service Discussion.
I find Poloniex highly shady at best. Almost all of the current Altcoin pumps & dumps, and orchestrated market inflation is done on Poloniex.
Coming from you I may have to rethink my opinion on them. But they started as a small exchange that listed many questionable altcoins. A mistake they could correct easily now that they are one of the largest exchanges.
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There is no way that they suddenly attained so much money nor volume. However, something like this is extremely hard to prove without the involvement of authorities.
This is very interesting to me. If you do not mind telling us more, we would like to hear it. You can also privately message me if you prefer that but I will want to hear your thoughts about it.
Quote
You'd need to prove that their downtime is artificially created by themselves. This is very hard to do even if you had access to their infrastructure (e.g. they could hire someone externally to DDoS themselves).
Bad sign if they are proven to be causing their own downtimes. But maybe no, that would be very unsubtle.
I find Poloniex highly shady at best. Almost all of the current Altcoin pumps & dumps, and orchestrated market inflation is done on Poloniex. There is no way that they suddenly attained so much money nor volume. However, something like this is extremely hard to prove without the involvement of authorities. Especially:
All things considered, this is probably better suited for Service Discussion.
This issue is happening everyday with poloniex and im sure they got the money to make sure to keep their site running so why is this fucking site lagging all the time when the volume on their site increases a bit??
You'd need to prove that their downtime is artificially created by themselves. This is very hard to do even if you had access to their infrastructure (e.g. they could hire someone externally to DDoS themselves). All things considered, this is probably better suited for Service Discussion.
This issue is happening everyday with poloniex and im sure they got the money to make sure to keep their site running so why is this fucking site lagging all the time when the volume on their site increases a bit??
So you think they're a scam because their site lags when the traffic increases heavily ? Not relevant.Is this on purpose so ploniex can scam their customers??
Depends,if you lose your coins in the process,having your wallets emptied without your permission,could be a scam. Did it happen to you yet ?
OP, no of course not. Why would they start scamming their users now that everything is going really great for them. They are now one of the largest cryptocurrency exchanges around. But I do agree that they are lagging especially when there is an extremely high volume of trades happening.
They should upgrade their system. Maybe the exchange cannot handle the full peak load.
They should upgrade their system. Maybe the exchange cannot handle the full peak load.
I have used poloniex several times in the past, and I have never had issues in the past. They are 100% legit, and your scam accusation is completely baseless. Yes, some coins have had problems, but that happens in every exchange.
Poloniex keeps having issues when a coin either dumps or pumps making it impossible for traders to sell or buy a coin
whats going on here??
This issue is happening everyday with poloniex and im sure they got the money to make sure to keep their site running so why is this fucking site lagging all the time when the volume on their site increases a bit??
Is this on purpose so ploniex can scam their customers??
I suggest everyone to stay away from poloniex
by the way when are decentraliced exchanges coming so we dont have to endure those stupid issues anymore with poloniex??
whats going on here??
This issue is happening everyday with poloniex and im sure they got the money to make sure to keep their site running so why is this fucking site lagging all the time when the volume on their site increases a bit??
Is this on purpose so ploniex can scam their customers??
I suggest everyone to stay away from poloniex
by the way when are decentraliced exchanges coming so we dont have to endure those stupid issues anymore with poloniex??
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