50 hours and I still have "awaiting approval" for the sum of 0.1 btc, I mean, it's not even a significant sum.
Lol that's nothing, I am waiting 3 weeks for my verification 2 approval...
Topic: POLONIEX its insolvent - Bolivarcoin Theory + Proff (Read 2670 times)
Lol that's nothing, I am waiting 3 weeks for my verification 2 approval...
50 hours and I still have "awaiting approval" for the sum of 0.1 btc, I mean, it's not even a significant sum.
POLO is great if you think lag and trust are not issues 
To me it looks like MTGOX all over again, first there were excuses about the trading volume which everyone believed in, and then one morning there was Mark saying he's sorry.
they now have over 10,000 more users online than when the problems started and i presume it takes weeks or months to get more staff and upgrade servers. they should either restrict users online or new signups until they've got their shit together.
i still think it's a genuine capacity problem. still, no one should be leaving coins on there.
What they really need to do is prioritize browser based input over api calls. But that is the greed factor.
To me it looks like MTGOX all over again, first there were excuses about the trading volume which everyone believed in, and then one morning there was Mark saying he's sorry.
they now have over 10,000 more users online than when the problems started and i presume it takes weeks or months to get more staff and upgrade servers. they should either restrict users online or new signups until they've got their shit together.
i still think it's a genuine capacity problem. still, no one should be leaving coins on there.
To me it looks like MTGOX all over again, first there were excuses about the trading volume which everyone believed in, and then one morning there was Mark saying he's sorry.
What other options are there for newbies? I burned my fingers with Yobit, but so far I have had a relatively good experience with Poloniex, except for lags and sometimes I cannot cancel orders.
There is Bittrex for the newer and latest cryptocoins and BTCE for the older and well established coins. Poloniex is not a good exchange for high volume. You will surely lose some bitcoin value there. Others speculate they are slowing down the site on purpose.
Do you really think Poloniex is faking ddos / block users at the peak of a pump?
That would be a serious scandal.
That would be a serious scandal.
got tired of the lag. pulled the last of my trading/lending coins out today.
pity i liked polo. maybe it will come back better sometime in the future.
pity i liked polo. maybe it will come back better sometime in the future.
https://poloniex.com/press-releases/2017.05.16-Industry-growth-and-its-effect-on-Poloniex/
Quote
"We have never seen such enthusiasm for trading blockchain tokens as we have in the past few months. Since January, we’ve seen an increase of more than 600% active traders online and regularly process 640% more transactions than we did merely 4 months ago."
I am a newbie so what do I know but I also have a little experience with developing websites and this level of growth would be difficult to keep up with especially considering Ddos. I am reading that some of these attacks may be fake but even so I would imagine that they get many real attacks. I have experienced some lags and they are always irritating and sometimes an opportunity cost but still making money so I am not too unhappy about it. I am one of those 600% new traders.
Their site is laggy at times. I have been using it for a week now. It has happened a few times. Most likely it is due to a lot of traffic. Other than a few times, the other 50 or so times i was on and trading was fine. I go on it every few hours.
So going tohttps://www.walletexplorer.com/ site and taking a look at Poloniex wallet https://www.walletexplorer.com/wallet/Poloniex.com i saw that the balance on the hot wallet has decreased considerably from 36000 BTC day 9-5-2017 https://www.walletexplorer.com/wallet/Poloniex.com?page=460 https://www.walletexplorer.com/wallet/Poloniex.com?page=1 to 4700 BTC today 15-5-2017
So how is possible that POLONIEX trade 300.000 BTC a day and has only 4700 BTC on his wallet?
So how is possible that POLONIEX trade 300.000 BTC a day and has only 4700 BTC on his wallet?
They may be utilizing cold wallets. That doesn't necessarily indicate insolvency.
Also, that address holds only their Bitcoins whereas most trading volume on Polo is in ALT coins.
I stopped using Polo though for a different reason, because I got tired of them always putting hour(s) long holds on my withdrawls.
Hours long holds on withdrawals is a warning sign for me to start moving your coins out of the exchange. What reason do they have to start holding our withdrawals for that long? Poloniex is also attested as very slow and lags in situations of very high trading volumes. Many traders are already losing money by using that exchange for the last 2 weeks.
When you say hour long holds on withdraws, how much btc are you withdrawing? Their limit per daily withdraw is 2,000usd worth of anything if you dont verify anything.
How much arw you withdrawing? I have sent .22 there and taken it out in the same day(after making a nice .04 btc profit). I had no issues.
https://poloniex.com/press-releases/2017.05.16-Industry-growth-and-its-effect-on-Poloniex/
Quote
"We have never seen such enthusiasm for trading blockchain tokens as we have in the past few months. Since January, we’ve seen an increase of more than 600% active traders online and regularly process 640% more transactions than we did merely 4 months ago."
I am a newbie so what do I know but I also have a little experience with developing websites and this level of growth would be difficult to keep up with especially considering Ddos. I am reading that some of these attacks may be fake but even so I would imagine that they get many real attacks. I have experienced some lags and they are always irritating and sometimes an opportunity cost but still making money so I am not too unhappy about it. I am one of those 600% new traders.
I am not sure why poloniex keeps experiencing heavy lags every day. I know users in poloniex have increased a lot but there is no excuse in having heavy lags every day. It is disruptive to the users which may encourage users to switch to another exchange instead.
Overloaded site. Too many ppl started using cryptocurencies, and every day there is even more... Poloniex can't keep up. Maybe in time, but still, there is much more people that will come, so they will have to limit the players on their site, or get a bigger team, to keep up with the needs/demands.
So how is possible that POLONIEX trade 300.000 BTC a day and has only 4700 BTC on his wallet?
OP, please delete, lock, or throw this thread into oblivion.
Even if I don't like much Polo lately and it may have troubles, your theory is completely wrong.
1. Trading doesn't mean buying. It can be traded in any direction.
2. Trading on Bitcoin market means the sum of bitcoin and altcoin trades. And, although it would be useless (see point 1) you didn't add the altcoin wallets to the sum.
3. You totally missed the cold wallets which any smart exchange would use on a large scale.
So again, bury this thread, you just scare the less experienced people away from trading.
What other options are there for newbies? I burned my fingers with Yobit, but so far I have had a relatively good experience with Poloniex, except for lags and sometimes I cannot cancel orders.
They probably do need more bandwidth and some server upgrades.
It would be interesting to see info on the number of users/ trades a day they are handling compared to this time last year.
So many new people are getting into crypto trading, they might have double the users they did in 2016.
It would be interesting to see info on the number of users/ trades a day they are handling compared to this time last year.
So many new people are getting into crypto trading, they might have double the users they did in 2016.
What they need is a platform upgrade. Lags have already been happening in the exchange everytime there is extra high traffic. The promise that they will fix it but until now it has not been done. The platform itself might be substandard.
Its the perfect excuse , their servers are crazy busy , they prob cant upgrade them cause theyd lose to much profit from possible downtime. Its like anything online , just trade less popular coins and think ahead cause busy coins have the worse lag.
I am not sure why poloniex keeps experiencing heavy lags every day. I know users in poloniex have increased a lot but there is no excuse in having heavy lags every day. It is disruptive to the users which may encourage users to switch to another exchange instead.
I have issues getting money off poloniex, it keeps getting stuck in the withdrawal process. I feel a bit uneasy about this...
check the service discussion section... seems to be widespread.
I have issues getting money off poloniex, it keeps getting stuck in the withdrawal process. I feel a bit uneasy about this...
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