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Topic: Poloniex will become great again! - page 2. (Read 1763 times)

full member
Activity: 348
Merit: 100
June 16, 2019, 03:15:02 AM
well, I'm waiting for that to happen. poloniex is indeed a great exchanger. however, I think, because of the rigors of competition, it's back to back. however, currently the potential for poloniex to rise again is very large. it's just that, we know that binance has become a popular exchanger now, and it's difficult to operate with it.
if Poloniex wants to take back their traders and investors who have left. I think it needs some events they have to do. especially to tie and attract old members who have long been inactive. I think there are many ways for that.
hero member
Activity: 1624
Merit: 500
June 16, 2019, 01:23:06 AM
Hopefully they will come back strong, I really miss this old exchange where I started.
They loss in the competition when Binance took over most of the volume but it's time for them to compete, I'd like to see more
competitive exchanges in the market as this gives new projects a chance to get listed in a high volume exchange.

Their volume as of today is only $26 million, compared to Binance which is over $1 billion, it's a big challenge but if they improve they can.
Poloniex should be one of the exchanges that can compete with binance, I have read articles about poloniex if it is very difficult for a koi to be traded in Poloniex because it must meet the qualifications. I hope that Poloniex will become a big exchange that attracts many people.
well, I'm waiting for that to happen. poloniex is indeed a great exchanger. however, I think, because of the rigors of competition, it's back to back. however, currently the potential for poloniex to rise again is very large. it's just that, we know that binance has become a popular exchanger now, and it's difficult to operate with it.
full member
Activity: 812
Merit: 100
June 16, 2019, 01:19:28 AM
Hopefully they will come back strong, I really miss this old exchange where I started.
They loss in the competition when Binance took over most of the volume but it's time for them to compete, I'd like to see more
competitive exchanges in the market as this gives new projects a chance to get listed in a high volume exchange.

Their volume as of today is only $26 million, compared to Binance which is over $1 billion, it's a big challenge but if they improve they can.
Poloniex should be one of the exchanges that can compete with binance, I have read articles about poloniex if it is very difficult for a koi to be traded in Poloniex because it must meet the qualifications. I hope that Poloniex will become a big exchange that attracts many people.
member
Activity: 250
Merit: 10
June 16, 2019, 01:06:34 AM
It's been over a year since I left poloniex, and I don't regret it yet, I don't even know what they need to do to get me back, most likely others have to screw up.
for some reason, perhaps because of the popularity of binance which made many traders now enliven the binary exchange rather than poloniex. whereas in the past this exchange was really popular, and had a lot of trade.
member
Activity: 300
Merit: 93
June 16, 2019, 01:04:05 AM
Reputation need time to build up and can be destroyed within very short period. Poloniex has survived over years, especially when it was hacked years ago. I don't say Poloniex made appropriate things back in 2017 and early months of 2018, but after Circle stepped in and became owner of Poloniex, things changed. It will be a long journey, that takes a long period, for Poloniex to reconstruct their platform, services, and features to attract traders back.
There is a minor update on recent Margin Lending Pool Loss Payment.
Initial Poloniex Margin Lending Pool Loss Payment:
Customers affected by last week's generalized margin lending loss have received a first deposit representing roughly 10% of the generalized losses recognized. To view your payment, log in and go to “Balances” >> “History”. You can find more details here.

Our teams will continue working to recover the remaining funds from defaulted borrowers as well as explore other alternatives for making all impacted lenders whole.
Posted by The Poloniex Team at 2019-06-14 21:14:59
More details are here: BTC margin lending pool loss update: 1st BTC margin lending pool loss payment delivered today
jr. member
Activity: 112
Merit: 2
June 15, 2019, 02:33:16 PM
I do not know if Poloniex can return to occupy a relevant place in the market in the near future, because unfortunately Binance has become a dominant monster that seems to devour everything, and a lot of good quality exchanges have appeared that seem to offer better features than Poloniex, however, I believe that one of the great advantages that will allow it to continue gaining customers is that it has been able to survive over the years, adapting successfully to the constant demands of the market, which I believe has made it a mature and reliable exchange, worthy to recover some of its previous leadership.
member
Activity: 684
Merit: 10
June 15, 2019, 02:18:49 PM
It's been over a year since I left poloniex, and I don't regret it yet, I don't even know what they need to do to get me back, most likely others have to screw up.
hero member
Activity: 1638
Merit: 518
June 15, 2019, 02:08:39 PM
with all the things that have been done by the team from Poloniex, in my opinion, the project deserves to develop because for me there is no futile effort so I believe that the Poloniex team really is serious in developing its projects by doing so many ways that the project can succeed.

what u mean project exactly ?
even this a one of the oldest exchange on crypto market history.
it's is a company, not project like u know recently.
jr. member
Activity: 938
Merit: 1
June 15, 2019, 01:05:54 PM
I Think Poloniex Will Come Back his previous place. Poloniex is biggest and more trusted exchanger. It played great performance in 2017. I am also a treader of poloniex. Poloniex is my Favourite Exchanger . It will be great again there has no doubt .
full member
Activity: 616
Merit: 100
June 15, 2019, 12:43:44 PM
I believe that Polonex now has every chance to compete with major exchanges since in recent years the project has really added to the development and upgraded its trading system and soon we will see an influx of new users.
with all the things that have been done by the team from Poloniex, in my opinion, the project deserves to develop because for me there is no futile effort so I believe that the Poloniex team really is serious in developing its projects by doing so many ways that the project can succeed.
member
Activity: 300
Merit: 93
June 13, 2019, 06:36:09 PM
Update:

The CCXT certification is another successful step to build up stronger security on Poloniex platform and bring better experience as well as security to Poloniex users. Due to latest CCXT certification, Poloniex've made updates on Strutural API, that you can see below and hyperlinks.
Poloniex partners with CCXT on API, gives traders an edge
CCXT Certified
The Poloniex API has received CCXT certification, attesting to its quality and trading functionality. Learn more about CCXT and the recent upgrades we’ve made to the API.
Posted by The Poloniex Team at 2019-06-13 14:52:37

CCXT has the largest open-source library for programmatic crypto traders. This certification and partnership reflects our dedication to offering a world-class API and working with open source communities.

Check out the CCXT library on GitHub.

We’ve made a number of structural API updates based on extensive conversations with our customers and have a lot more planned. Stay tuned!

Check out the Changelog in our API documentation to see recent updates
https://docs.poloniex.com/
member
Activity: 300
Merit: 93
June 13, 2019, 05:09:00 PM
Poloniex was the biggest exchange a few years back and the reason for them to piss off their user base is simply because as more coins are being listed and the user base started growing they could not handle everything and the amount of pending issues was growing on a daily basis, some people missing their coins after depositing them and the time it takes to withdraw the coins were really high and you will not hear from their customer care for weeks and those things pushed the users to other exchanges and during that time binance was launched and they took over the number one position in a short period of time.
I had issues with them in the past and it took three weeks to get the coins and i never visited them since, there are a lot of exchanges in the market and if some exchange is giving a better service than the rest, sure they can be number one again.
I experienced that period, but I only experienced delay of deposits or withdrawals. Coins missed on Poloniex, I have never exprienced such things. I agreed that during that period, Supports on Poloniex was terrible, then Bittrex took over Poloniex, and after months later Binance surpassed both Bittrex, and Poloniex. For delayed deposits, or withdrawals, that partially came from terrible issues of Bitcoin and Ethereum networks during that period. Most of exchanges had to consolidate their customers withdrawals into each batch to reduce transaction fees. Of course, there were other issuess with other coins, not only BTC and ETH.
By now, everything (or most of major things) solved, and Poloniex has smooth trading operations, as well as fast customer supports. KYCs verifications passed by their team so fastly.
full member
Activity: 336
Merit: 100
June 13, 2019, 12:36:55 PM
I believe that Polonex now has every chance to compete with major exchanges since in recent years the project has really added to the development and upgraded its trading system and soon we will see an influx of new users.
full member
Activity: 574
Merit: 101
June 13, 2019, 11:07:09 AM
I think that Poloniex was one of the early crypto exchanges, but it already lost the race with Binance and Coinbase. It will be very hard to catch up, unless some new breakthrough technology is implemented by the Poloniex team.
copper member
Activity: 190
Merit: 1
June 13, 2019, 10:45:56 AM
Poloniex was an awesome exchange, but as soon as Binance has entered the market space, I nearly forgot about Poloniex. Hope they are going to increase their user base, integrate some more new features and at the end are going to be on top again.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
June 13, 2019, 10:08:34 AM
Perhaps this is the factor why poloniex not like years ago. Years ago, poloniex is big exchangers but now people looking and trust on binance as biggest exchangers. But i think Poloniex could be big exchangers again because poloniex have a good history
Poloniex was the biggest exchange a few years back and the reason for them to piss off their user base is simply because as more coins are being listed and the user base started growing they could not handle everything and the amount of pending issues was growing on a daily basis, some people missing their coins after depositing them and the time it takes to withdraw the coins were really high and you will not hear from their customer care for weeks and those things pushed the users to other exchanges and during that time binance was launched and they took over the number one position in a short period of time.
I had issues with them in the past and it took three weeks to get the coins and i never visited them since, there are a lot of exchanges in the market and if some exchange is giving a better service than the rest, sure they can be number one again.
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
June 13, 2019, 09:53:52 AM
Poloniex was the cryptocurrency exchange of choice when I first started venturing into crypto. Almost all tutorials recommended it back then. Their problem started when they took too long to verify users who perform KYC. So I switched to Bittrex. Bittrex problem now started at the peak of the bull run when new users were unable to register on the exchange. Those users eventually went to Binance. Bittrex hasn't recovered from it till date

Yes, i was a fan of Poloniex back in those days but unfortunately something happened along the line that distant me from be part of the exchange. It was after that event that i switched to a better exchange which is now known as the most famous exchange in the world(Binance Exchange). Poloniex would have been among the best if not their KYC.
jr. member
Activity: 214
Merit: 3
June 13, 2019, 09:48:59 AM
Poloniex was the cryptocurrency exchange of choice when I first started venturing into crypto. Almost all tutorials recommended it back then. Their problem started when they took too long to verify users who perform KYC. So I switched to Bittrex. Bittrex problem now started at the peak of the bull run when new users were unable to register on the exchange. Those users eventually went to Binance. Bittrex hasn't recovered from it till date
member
Activity: 728
Merit: 11
https://streamies.io/
June 13, 2019, 09:12:03 AM
I have seen these news and there are still many people who still use Poloniex. I think they should launchpad settings like Binance to attract more traders and investors.
As you can see, Binance constantly offers successful projects and helps many investors to be profitable. After that, they trusted and loved Binance more and always bought many BNB coins in the past.
member
Activity: 300
Merit: 93
June 13, 2019, 08:43:55 AM
I am hoping for their success also, it's very risky for us traders that only Binance will dominate the market, we need more bigger exchange so when worst situation comes, we have an option where to trade and this could also create a healthy competition in the market.

There's lots of exchanges now with great volume as Binance, but I'm not using it as I'm not comfortable with them, I just love Poloniex as it was one of the earliest in the crypto space and I have been using it in the early stage.
It is exactly that we don't need to see Binance dominates the crypto market, from exchange tradings to margin tradings, from centralized to decentralized exchanges. I am very familiar with Poloniex, but as your raised above there are more reputable old exchange, not only Poloniex, such as Bittrex. However, between Poloniex and Bittrex, I would prefer to trade on Bittrex, mainly because Poloniex gives margin tradings. The exchange's simple design of Poloniex is another component I like.
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