Topic: Poloniex caused the market to crash - page 2. (Read 2539 times)
I cant believe exchanges are still trying to play games like this. Surely it would be best to focus on the long term future of the company rather than trying for quick bucks.
This topic seems to be recurring cause Poloniex has recurring problems with their servers. I personally believe it is not malicious but it does give rise to speculation of manipulation each and every time.
Is this topic from the future? 
I agree with you . Because an important factor of an exchange is the number of users of their services.
The more traders do the activity the greater the website exchange. All website exchange perform various ways to attract new users.
The more traders do the activity the greater the website exchange. All website exchange perform various ways to attract new users.
I'd like Poloniex to provide more official news releases and info about what they are doing with these issues. So far their tweets are skimpy.
as long as people keep going back to their exchange and give them money with their trades and buy into their pumps they don't give a damn about what their users want or in general about user experience. because all things said and done, people will go back again and complain again and then go back again!
I'd like Poloniex to provide more official news releases and info about what they are doing with these issues. So far their tweets are skimpy.
No trades for the past hour on poloniex because of "server lag." Its been happening the past few days too. Mods say they are "working on it." Lol.
Pretty sad considering the daily profit they make from fees.
Pretty sad considering the daily profit they make from fees.
The trading at poloniex is very fast as it is the biggest exchange of altcoins. and even a minute of Server lag can cause someone many dollars lost. and in an hour lag, one can be bankrupt. Poloniex needs to upgrade their servers.
As someone has said maybe they have additional traders registering that causes some lag on the servers. But I agree with you that they should upgrade or get new servers to cope up with the number of traders using their platform. Maybe they haven't anticipated this kind of traders or trading volumes in their exchanges. But this is a good thing for them because many users have been using their trading platform. But I don't think that Poloniex is causing the market to crashed, they just experience some technical issue. That all. I don't worry unless they got hacked and my funds all gone.
i see the age of decentralized markets comming x)
Yep seems to have caused a lot of red action!
Except for one coin which has seen new all term highs!....
I think what is happening may be technical issues and not an attempt to create market crash. I see that the issue have been resolved and you can now trade fine in poloniex sites. Except for one coin which has seen new all term highs!....
No trades for the past hour on poloniex because of "server lag." Its been happening the past few days too. Mods say they are "working on it." Lol.
Pretty sad considering the daily profit they make from fees.
Pretty sad considering the daily profit they make from fees.
The trading at poloniex is very fast as it is the biggest exchange of altcoins. and even a minute of Server lag can cause someone many dollars lost. and in an hour lag, one can be bankrupt. Poloniex needs to upgrade their servers.
Poloniex didnt expect to have an instant 80K additional users in the past few weeks. Their site needs more server to handle the traffic. But personally I am using multiple exchange sites, I do not trade only on one site.. So whatever happened, either one site is hacked and my bitcoin is goine. I will still have bitcoin from other exchange.
It's because they can't keep up with the coordinated market manipulations going on in the past weeks or so, this should be an indicator for people to stop giving power to an exchange.
Places like c-cex and cryptopia, kraken etc, should be more explored IMO to avoid these kind of crashes, but for Bitcoin every thing is doing very well and we have reached $1700+ already.
So for me I really don't care about alts that much.
Places like c-cex and cryptopia, kraken etc, should be more explored IMO to avoid these kind of crashes, but for Bitcoin every thing is doing very well and we have reached $1700+ already.
So for me I really don't care about alts that much.
Poloniex has a big capital volume of the bitcoin into trading. The server down is just a technical issue which is just because of the increased number of buy and sell orders that are happening due to the ongoing steeper price fluctuations. This might have caused the crash to some extent but not that big.
Maybe but it is not a thing to worry about I think since even if their server is down they will be back again soon so I will just be patient about it. I't is not that big of a crash though in some altcoins but on some it is big but I think it is not caused by poloniex but the traders there does it just to make profit or they just want to buy cheaper so they dump their coins with a positive profit. 
Poloniex has a big capital volume of the bitcoin into trading. The server down is just a technical issue which is just because of the increased number of buy and sell orders that are happening due to the ongoing steeper price fluctuations. This might have caused the crash to some extent but not that big.
Yep seems to have caused a lot of red action!
Except for one coin which has seen new all term highs!....
Except for one coin which has seen new all term highs!....
No trades for the past hour on poloniex because of "server lag." Its been happening the past few days too. Mods say they are "working on it." Lol.
Pretty sad considering the daily profit they make from fees.
its hurting alt traders since the lag or interruption causing the price went down and afterwards those who bought with much higher pricePretty sad considering the daily profit they make from fees.
needed to wait for the value to bounce back, i used to remember when xrp value went up to 7k might be almost a month ago then polo
start to have some interruption after it went back to normal xrp fall down to 3k+ sat almost a half of the price.
Over a half just in some minutes.
But this not the first time for polo, many times server gets lag and there will be an automatic dump in there. That's strange for me.
We are knowing if polo is a major exchange which ahs contained over $500 million dollars. This will attract a lot of the attacker.
No trades for the past hour on poloniex because of "server lag." Its been happening the past few days too. Mods say they are "working on it." Lol.
Pretty sad considering the daily profit they make from fees.
its hurting alt traders since the lag or interruption causing the price went down and afterwards those who bought with much higher pricePretty sad considering the daily profit they make from fees.
needed to wait for the value to bounce back, i used to remember when xrp value went up to 7k might be almost a month ago then polo
start to have some interruption after it went back to normal xrp fall down to 3k+ sat almost a half of the price.
You're not the only person that is giving the "lag" reason,many complaining on the chats as well.
Yes, https://www.cryptocoinsnews.com/jilted-trader-organizing-class-action-suit-poloniexBut, by considering the reputations maintained by poloniex so far, I am sure this incident might be something beyond their control. This is honestly an unfortunate situation for all of as well for poloniex.
Pretty sad considering the daily profit they make from fees.
But there were history like market giants were got hacked for millions dollar worth of bitcoins as security breaches are highly unpredictable as hacker are always ahead in the race of inventing and utilizing the new technologies. 
I was thinking my Internet connection has problems but it was not. Hope there solve the problem before things get out of hand as many focus were currently on the pump in the crytocurrency price and any negative activities from exchangers will be terms as intentionally.
No trades for the past hour on poloniex because of "server lag." Its been happening the past few days too. Mods say they are "working on it." Lol.
Pretty sad considering the daily profit they make from fees.
Pretty sad considering the daily profit they make from fees.
How did it cause the market to crash? The price on poloniex is $1792 which is an all time high.
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