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Topic: Poloniex is bought by Circle - page 2. (Read 430 times)

legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
February 26, 2018, 04:39:13 PM
#34
The good side of the news is that, at least, we know who is behind Poloniex. The bad is that I don't like these new owners. Obviously, they aren't anarchists who want to destroy the banking system... It could be good for BTC, though... Let's wait and see.
hero member
Activity: 1498
Merit: 596
February 26, 2018, 04:38:59 PM
#33
http://fortune.com/2018/02/26/circle-cryptocurrency-trade-bitcoin/

Did anyone see this? pretty big news. I wonder if there is any correlation between these news and the latest big green candle in the Bitcoin price we've seen? I mean Circle is backed by Goldman Sachs... I would be pretty sure some insider trading has been going on before the deal was made public.

Anyone still has funds in Poloniex? I haven't logged in for a long time. They used to let you trade anonymously, I had some stupid fake name on there because back then they didn't care. I assume that now that GS is in you can forget about that.

I saw the news earlier today in another source (I don't remember), but it was saying that Circle and Polo are now partners.
Just now knew that Circle bought Polo. I hope Polo will be back to form as like before with the power of new owners.
copper member
Activity: 2268
Merit: 539
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February 26, 2018, 04:38:13 PM
#32
its great new specially for me or for other regular traders circle have a team of professionals and they will make lot of improvements in poloniex 1st of all they will improve support system. poloniex will be more bigger exchange best wishes for circle
full member
Activity: 266
Merit: 151
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February 26, 2018, 04:35:46 PM
#31
This proofs that financial institutions will no longer fight cryptocurrencies, they can't beat them so they'll join them. That's the way opportunists think. Financial institutions will always look for ways to make money. On the other hand it would be more likely for Goldman Sachs to start their own exchange, instead of buying Poloniex.
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
February 26, 2018, 04:23:36 PM
#30
People seem to have short memories these days.  Circle basically opened fire on Bitcoin and its developers after their big PR show and dance to launch their service pretty much turned out to be a complete waste of time, effort and money.  They're clearly not in this because they care about Bitcoin.  Now they're buying an exchange because it's likely more lucrative than their first failed attempt?  No thanks.  I'll be steering clear of that.  Expect them to throw their toys out of the pram again if they lose money on this latest venture.  It's always someone else's fault with these parasitic leeches, who it seems had no idea what they were getting into last time.

Shame.  I used to like Polo.  They seemed like the "least bad" of all the exchanges.
full member
Activity: 1190
Merit: 123
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February 26, 2018, 03:59:51 PM
#29
It's actually a good thing because Poloniex lost its magic to bittrex last year and since then, The exchange has been having declining volume and decrease in the amount of users. I'm hoping that the new management can help Poloniex get its lost glory back. Congrats to the guys at Circle.
sr. member
Activity: 406
Merit: 253
February 26, 2018, 03:56:03 PM
#28
http://fortune.com/2018/02/26/circle-cryptocurrency-trade-bitcoin/

Did anyone see this? pretty big news. I wonder if there is any correlation between these news and the latest big green candle in the Bitcoin price we've seen? I mean Circle is backed by Goldman Sachs... I would be pretty sure some insider trading has been going on before the deal was made public.

Anyone still has funds in Poloniex? I haven't logged in for a long time. They used to let you trade anonymously, I had some stupid fake name on there because back then they didn't care. I assume that now that GS is in you can forget about that.
I do not believe that Poloniex can provoke a candle in the value of bitcoin. This exchange has long enjoyed a bad reputation. Maybe that's the reason for the sale. People are always looking for a reason where she's not. The popularity of bitcoin will grow. Price responds to the game of whales. Now they buy coins and very soon the price will rise. This will be the end of April or early may. Wait for the price of $ 25,000. This happens even if Poloniex will be closed.
sr. member
Activity: 1250
Merit: 295
Palestine
February 26, 2018, 03:46:32 PM
#27
i think thats good for poloniex as it was dieng it was top exchange but now its one of the worst and i think thats why they sell it they cant be on top anymore
sr. member
Activity: 672
Merit: 274
February 26, 2018, 03:45:13 PM
#26
http://fortune.com/2018/02/26/circle-cryptocurrency-trade-bitcoin/

Did anyone see this? pretty big news. I wonder if there is any correlation between these news and the latest big green candle in the Bitcoin price we've seen? I mean Circle is backed by Goldman Sachs... I would be pretty sure some insider trading has been going on before the deal was made public.

Anyone still has funds in Poloniex? I haven't logged in for a long time. They used to let you trade anonymously, I had some stupid fake name on there because back then they didn't care. I assume that now that GS is in you can forget about that.

I’ve heard this and the only thing that is concerning to me is that one article links Circle to Goldman Sachs. They say that Circle is backed by Goldman Sachs, which means that a big bank is now in the cryptocurrency business. I don’t know if it’s a good idea for a big mainstream bank to have their hands in decentralized cryptocurrencies but I guess we’ll see what happens. I guess the positive is they may not fight it since they are invested in it.

Given the history of Goldman Sachs, they will most likely use Polo as a vehicle to manipulate prices and to cause all kind of shenanigans in the market. The fiat they invested is most likely of little concern to them as they have access to an almost unlimited stream of fiat - the very stream of fiat that they are so hell-bent to defend at any cost. They are not stupid. They understand that you have to get in and break it down from the inside out.
newbie
Activity: 56
Merit: 0
February 26, 2018, 03:45:01 PM
#25
Good news, given there is no way goldman would let one of their portfolio companies buy a bitcoin exchange without goldman's prior approval.  I think this is good, goldman goes where the money is!
newbie
Activity: 60
Merit: 0
February 26, 2018, 03:43:25 PM
#24
I would think that this is good for the crypto industry!!!
hero member
Activity: 729
Merit: 502
February 26, 2018, 03:38:38 PM
#23
Not the best exchange, I don't really like it. But it's good news for cryptocurrency world.
And I think that Poloneix was sold because it lost its popularity.
hero member
Activity: 1232
Merit: 738
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February 26, 2018, 03:36:08 PM
#22
at the end of last year they started asking for Legacy account to get Verified
is this the reason why poloniex initiate "a major upgrade" of customer identification and verification systems?
would that be one of the requirements they have to do to make the acquistion/partnership to happen?

btw poloniex has released the official statement too
https://poloniex.com/press-releases/2018.02.26-Poloniex-joins-Circle/
hero member
Activity: 774
Merit: 500
Look ARROUND!
February 26, 2018, 03:35:10 PM
#21
I've stopped using Polo after they introduced a new set of insane terms and conditions last year (July/August 2017). The latest news has only strengthened my resolve not to use them again. I am not a fan boy of the likes of Goldman Sachs.
Even with the teaming up with Circe, I still would not use that website to trade coins because they have high fees and their support sucks.
hero member
Activity: 1008
Merit: 510
February 26, 2018, 03:32:16 PM
#20
http://fortune.com/2018/02/26/circle-cryptocurrency-trade-bitcoin/

Did anyone see this? pretty big news. I wonder if there is any correlation between these news and the latest big green candle in the Bitcoin price we've seen? I mean Circle is backed by Goldman Sachs... I would be pretty sure some insider trading has been going on before the deal was made public.

Anyone still has funds in Poloniex? I haven't logged in for a long time. They used to let you trade anonymously, I had some stupid fake name on there because back then they didn't care. I assume that now that GS is in you can forget about that.

I’ve heard this and the only thing that is concerning to me is that one article links Circle to Goldman Sachs. They say that Circle is backed by Goldman Sachs, which means that a big bank is now in the cryptocurrency business. I don’t know if it’s a good idea for a big mainstream bank to have their hands in decentralized cryptocurrencies but I guess we’ll see what happens. I guess the positive is they may not fight it since they are invested in it.
hero member
Activity: 840
Merit: 508
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February 26, 2018, 03:31:44 PM
#19
Very interesting, particularly considering Goldman Sachs was publicly bashing cryptocurrencies, stating that they are doomed to fail.

However, I do believe this might encourage other institutional investors to move some money into the system, it'll certainly lead to an increase in BTC price.
sr. member
Activity: 672
Merit: 274
February 26, 2018, 03:28:27 PM
#18
I've stopped using Polo after they introduced a new set of insane terms and conditions last year (July/August 2017). The latest news has only strengthened my resolve not to use them again. I am not a fan boy of the likes of Goldman Sachs.
hero member
Activity: 1316
Merit: 503
Someone is sitting in the shade today...
February 26, 2018, 03:21:04 PM
#17
It’s one of the larger deals in the crypto-economy worth around 400million usd. Poloniex is the 18th largest cryptocurrency exchange by trade volume now it should increase its ranking by this JV.
legendary
Activity: 2296
Merit: 2721
February 26, 2018, 03:16:37 PM
#16
Polo was one of the worst exchanges out there in my opinion. Hopefully this changes now! But its kinda scary that GS buys its own trading platform ...
sr. member
Activity: 476
Merit: 250
February 26, 2018, 03:13:14 PM
#15
http://fortune.com/2018/02/26/circle-cryptocurrency-trade-bitcoin/

Did anyone see this? pretty big news. I wonder if there is any correlation between these news and the latest big green candle in the Bitcoin price we've seen? I mean Circle is backed by Goldman Sachs... I would be pretty sure some insider trading has been going on before the deal was made public.

Anyone still has funds in Poloniex? I haven't logged in for a long time. They used to let you trade anonymously, I had some stupid fake name on there because back then they didn't care. I assume that now that GS is in you can forget about that.

Good news, maybe now they can get their customer service fixed and actually provide support.
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