Topic: Poloniex = Scam exchange beware. - page 17. (Read 41282 times)

Well, what I do find curious are these sudden 'deposit and withdrawal issues' that occur to every high volume coin frequently.
I wouldn't be suprised when they actually do that on purpose so that they can buy in cheap, then allow deposits and withdrawals again to enjoy a good profit.

The hack occurred during last ddos attack.

Be aware that orders that do not appear to take hold are executed within a couple of minutes.
I refreshed my browser and the order did not appear on the screen and then all of sudden it was executed.
Good luck and be careful.

The number of users online at a given time on Polo used to be about 20,000 a month ago. A week ago they jumped to about 30,000 and their engine started to lag.

Today it jumped to 40,000, and guess what, their engine is lagging again.

People - there are other exchanges you can trade on. Ripple can be traded on both bitstamp and kraken. Kraken does ether and stellar lumens as well. Bittrex and Hitbtc do most of the other alts.

Don't log into Polo if there are more than 30,000 people online - you'll only be frustrated as all your orders and withdrawals go wrong.

I really really don't understand people KNOWING that Polo is under pressure with traffic and volume, but piling in anyway, making things worse, and then complaining.

Correct.  It is essentially an elaborate bucket shop.  When you trade and win at a bucket shop you are not taking money from other traders but from the shop itself.  Just like in Vegas, if you win consistently they will shut down on you.  I believe they are involved in the trades themselves, that they are freezing coins that show them a loss and then letting bots walk them down.  They will be gone before the end of the year IMHO.  Everything I'm seeing right now at Poloniex I saw at Cryptsy.  Mark my words.  Jesse saw this over 100 years ago:

"As it was, it didn't take long for the bucket shops to get
sore  on  me  for  beating  them.  I'd  walk  in  and  plank  down  my 
margin, but they'd look at it without making a move to grab it.
They'd tell me there was nothing doing. That was the time they
got to calling me the Boy Plunger. I had to be changing brokers
all the time, going from one bucket shop to another. It got so
that  I  had  to  give  a  fictitious  name.  I'd  begin  light,  only 
fifteen  or  twenty  shares.  At  times,  when  they  got  suspicious, 
I'd  lose  on  purpose  at  first  and  then  sting  them  proper.  Of 
course  after  a  little  while  they'd  find  me  too  expensive  and 
they'd tell me to take myself and my business elsewhere and not
interfere with the owners' dividends.
   Once, when the big concern I'd been trading with for months
shut down on me I made up my mind to take a little more of their
money away from them. That bucket shop had branches all over the
city,  in  hotel  lobbies,  and  in  nearby  towns.  I  went  to  one  of 
the  hotel  branches  and  asked  the  manager  a  few  questions  and 
finally got to trading. But as soon as I played an active stock
my  especial  way  he  began  to  get  messages  from  the  head  office 
asking who it was that was operating. The manager told me what
they  asked  him  and  I  told  him  my  name  was  Edward  Robinson,  of 
Cambridge. He telephoned the glad news to the big chief. But the
other  end  wanted  to  know  what  I  looked  like.  When  the  manager 
told me that I said to him, "Tell him I am a short fat man with
dark hair and a bushy beard 1" But he described me instead, and
then he listened and his face got red and he hung up and told me
to beat it.
   "What did they say to you?" I asked him politely.
   "They said, `You blankety-blank fool, didn't we tell you to
take no business from Larry Livermore? And you deliberately let
him trim us out of $700!" He didn't say what else they told him.
   I tried the other branches one after another, but they all
got  to  know  me,  and  my  money  wasn't  any  good  in  any  of  their 
offices. I couldn't even go in to look at the quotations without
some of the clerks making cracks at me. I tried to get   
them  to  let  me  trade  at  long  intervals  by  dividing  my  visits 
among them all. But that didn't work."

"Everybody in the room heard me and began to look toward us
and  ask  what  was  the  trouble,  for,  you  see,  while  the 
Cosmopolitan  had  never  laid  down,  there  was  no  telling,  and  a 
run  on  a  bucket  shop  can  start  like  a  run  on  a  bank.  If  one 
customer  gets  suspicious  the  others  follow  suit.  So  Tom  looked 
sulky, but came over and marked my tickets "Closed at 103" and
shoved  the  seven  of  them  over  toward  me.  He  sure  had  a  sour 
face.
    Say,  the  distance  from  Tom's  place  to  the  cashier's  cage 
wasn't over eight feet. But I hadn't got to the cashier to get
my money when Dave Wyman by the ticker yelled excitedly
"Gosh! Sugar, 108!" But it was too late; so I just laughed and
called over to Tom, "It didn't work that time, did it, old boy?"
    Of  course,  it  was  a  put-up  job.  Henry  Williams  and  I  to-
gether were short six thousand shares of Sugar. That bucket shop
had  my  margin  and  Henry's,  and  there  may  have  been  a  lot  of 
other Sugar shorts in the office; possibly eight or ten thousand
shares in all. Suppose they had $20,000 in Sugar margins. That
was enough to pay the shop to thimblerig the market on the New
York Stock Exchange and wipe us out. In the old days whenever a
bucket shop found itself loaded with too many bulls on a certain
stock it was a common practice to get some broker to wash down
the  price  of  that  particular  stock  far  enough  to  wipe  out  all 
the customers that were long of it. This seldom cost the bucket
shop more than a couple of points on a few hundred shares, and
they made thousands of dollars.
    That  was  what  the  Cosmopolitan  did  to  get  me  and  Henry 
Williams and the other Sugar shorts. Their brokers in New York
ran up the price. Of course it fell right back, but Henry
and  a  lot  of  others  were  wiped  out.  Whenever  there  was  an 
unexplained  sharp  drop  which  was  followed  by  instant  recovery, 
the  newspapers  in  those  days  used  to  call  it  a  bucket-shop 
drive."

REMINISCENCES OF A STOCK OPERATOR

http://www.nowandfutures.com/large/Reminiscences_of_a_Stock_Operator_Jesse_Livermore.pdf

true, creating support ticket will give them time. i can understand tht they have issues but they should say the truth and not sending fake txid.
if ever i get my btc back i will not use poloniex anymore.

Same story here polo seems more and more like a scam

BTC withdrawels are showing complete with fake TXID

3d68f87cf3dace905b3684ef18de450dcbfab8b094eccd91a2906415366e0f76

mods have standard sentences make a support ticket

support tickets are not answered already have another ticket unanswered over 5 days

polo btc wallet empty?

poloniex is crap and very dangerous now to go there.
I will not say yet that they scam people but is getting close to it.

I also doubt on ddos attacks and server issues, i think more that they cant handle the amount of payouts because of the huge pumps of several coins
last few weeks so they find ways to keep on running.

Delay in withdrawal up to 24h, support will reply after 96h if you are lucky, if a pump is coming trades will be frozen and starting today they
send out fake txid. they say it is paid and also it showes in your account but the txid is not visible in the blockchain.

mods in the trollbox then advise you to open a ticket what will give them another extra 4 days, very tricky.

one fake txid: e1b3e162d280da5387a59bf8739c2a39f82ca9d57c1f83719e639f2bb6d1cc12
many more can be found in the trollbox on the website.

STAY AWAY THERE FOR NOW!!

Perhaps the fact that the deposits are facing an issue is the main driver of the price rise?

If you can'r prove it, just STFU. You are speculating. Guess what I run 8 bots myself, on Polo, Bittrex, Bitfinex and OKCoin.

What's your point? You have NONE. Dumb, dumb and dumber you are a troll.

You guys must be careful with Poloniex.I've posted 2 tickets for supporting in BTC withdrawal because my BTC was hold by Poloniex.There was 1 support guy received ticket and he kept silent for almost nearly 4 days.
After that,my friend told me that should post more questions in troll box for admin and mod.Amazingly,they solved my case right after i posted annoucements.What the hell is that ? What did they do with my money in last 4 days ?
You can easily search in this forum,many cases like me in the past.Never trade on Poloniex again.PLEASE BE CAREFUL

Poloniex is running a very elaborate complex scam. I don't care who disagrees, and if you do disagree then you most likely have a 39+hour/week job and don't get to sit and watch the website all day and night, if you want. They had "lag" at 5k ppl, at 10k ppl, at 20k at 30k ppl. The same kind of bullshit lag where normal people cannot put orders in, close orders, cancel orders, close margins, transfer balances, get charged lending fees with no orders open, coins held hostage until the 10% move is over with, and many other things that I just am not able to remember atm. They colluded with the DAO Hack to make tons of money from trading fees. I lost 900$ even tho I closed my margin order 900$ in the profit, they let it lag and closed my order where thousands of satoshi away from where I closed it. That was with like 8k users and it lagged all the same it did yesterday with 32k users. It's BS and I honestly believe they will eventually follow the same path as Cryptsy.

They use more than 1 machine as server. If the frontend server is ddosed or crashed the others can be still up.

...said the new guy  

So much noobiness in this thread.

Anyone know another exchange with a lot of XMR trade pairs?  Kraken has most of the coins I care about trading but they don't have any direct alt\alt pairs, everything is alt\btc or alt\fiat.

If people don't like poloniex, there are other exchanges you can use:

bittrex, kraken, hitbtc, cexio and so on.

It's a good idea to spread your coins and trading around - don't keep everything on one exchange.

i use poloniex since 6 monthi dont think its a scam exchange

They do have a lot of error and trouble these past few days, but in my opinion the rate downtrend of XRP and STR (not sure about BTS, didn't watch them) is because it is their time to go down. The price was pumped several percent for a few days and eventually it will go down sooner or later, although probably they're coincidentally happened alongside with the server's breakdown.

And about the rates, to be fair, actually most alts are going down in reflect to btc price going up

It can be! Coins  are pump and dump, it is not hard dump. where do you see the scam?