Poloniex caused the market to crash - page 3.

Joel_Jantsen

legendary

Activity: 1946

Merit: 1311

Get your game girl

Quote from: jmigdlc99 on May 09, 2017, 11:15:29 AM

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.

I'm having second thoughts now.Bought a few XRP couple of days back when the price was peeking.Now,somehow I'm guessing it's all planned.You're not the only person that is giving the "lag" reason,many complaining on the chats as well.

forthewin

newbie

Activity: 23

Merit: 0

Quote from: jmigdlc99 on May 09, 2017, 11:15:29 AM

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.

How did it cause the market to crash? The price on poloniex is $1792 which is an all time high.

electronicash

legendary

Activity: 3178

Merit: 1054

even if its true that they did have some issues, its still a poor services from them consider they are earnings almost a million a day on their exchange. whether its their server's fault, its still their fault. have no idea what their servers are but sure there are better ones.

this issue might just be exaggerated by competitors and somehow working Grin

BrewMaster

legendary

Activity: 2114

Merit: 1293

There is trouble abrewing

haha, it is actually the other way around my beginner friend

whenever market is crashing, poloniex goes down. a positive way of thinking is saying they go down because of the massive amount of traffic their website gets, a lot of people are trying to sell their coins to survive the crash with smaller loss. not to mention all the bots and all the stop losses that are kicking in when price is falling! and their servers are not strong enough to handle all of this. so they go down or at best become super slow.

a negative way of thinking is that they are shutting many out to prevent them from dumping their coins. for example their ETH tokens so they can prevent or at best slow down the process of catastrophic market crash.

Danicole

newbie

Activity: 21

Merit: 0

Hi all,

I personally that those periods when poloniex goes slow are bad. But somehow it's allways during midnight my local time which result in coins going down, just check the graphs, be smart to expect this, and make the weak thing of the platform a positve part of your trading.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: jmigdlc99 on May 09, 2017, 11:15:29 AM

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.

I don't consider it as a crashed. I see it has some advantaged. People take profits while at the same time having a chance now to buy another round of coins. Correction price is still not achieved as those who were recently pumped still experiencing a large volume upwards. The cycle will just continue so go with the flow.

What's new when there is a big pump, it will always accompanied by big dump so that is expected. Yes kinda worried if you have some big funds stored at Poloniex and with just a minor problem people will panic but we have nothing to do with it.

Mia Wallace

full member

Activity: 361

Merit: 100

This might be actually true as they are having issues for the past few days and trades were halted for a while ,what i really thought was my internet connection died,but then other sites were working and then after a while i found that the trend is going negative,because people might fear that the biggest alt coin market goes down and that might have triggered the correction.

jmigdlc99

sr. member

Activity: 784

Merit: 282

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.

Topic: Poloniex caused the market to crash - page 3. (Read 2539 times)