Topic: Poloniex will become great again! - page 8. (Read 1737 times)
Poloniex lost too much of its leadership. I think that this exchange will be very difficult to become a leader again. Many users left this exchange do not plan to return.
I learned trading through polo and cryptopia back in the days and i can agree that polo was right there among the top exchanges at that time. I think i still keep a few coins though it's been quite a while when i last logged in. It would be nice to have them regain at least a fraction of their former supporters in an age where binance pretty much tops all other exchanges. I'd be happy to try them out once more.
You are an old cryptopia user. How do you think this exchange will still work in the future after it was hacked and all the money was stolen? 
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Something that lost its credibility will be difficult to build it again. When people get lost their money and they will never try to come back again to use its service and look at how many people have been losing their money caused by poloniex. That's a crap one. I agree with this. I was once a long time user of Poloniex but rumors about password leak made me stay away from it. Poloniex time in the top is already gone, history. Binance is doing a good job and I doubt Poloniex can keep up to them.
I learned trading through polo and cryptopia back in the days and i can agree that polo was right there among the top exchanges at that time. I think i still keep a few coins though it's been quite a while when i last logged in. It would be nice to have them regain at least a fraction of their former supporters in an age where binance pretty much tops all other exchanges. I'd be happy to try them out once more.
News:
Twitter: https://twitter.com/Poloniex
Weekly Crypto Recap – Ready Player Satoshi: https://research.circle.com/weekly-recaps/weekly-crypto-recap-ready-player-satoshi
Crypto Playlist (On Repeat): https://twitter.com/Poloniex/status/1124019653834047490
Vote results on mobile mode (Light mode/ Dark Mode): https://twitter.com/Poloniex/status/1124397101868363776
Currently, 75% of voters chose Dark Mode as their favorite mode of Poloniex on their mobile devices. How about you?
Twitter: https://twitter.com/Poloniex
Weekly Crypto Recap – Ready Player Satoshi: https://research.circle.com/weekly-recaps/weekly-crypto-recap-ready-player-satoshi
Crypto Playlist (On Repeat): https://twitter.com/Poloniex/status/1124019653834047490
Vote results on mobile mode (Light mode/ Dark Mode): https://twitter.com/Poloniex/status/1124397101868363776
Currently, 75% of voters chose Dark Mode as their favorite mode of Poloniex on their mobile devices. How about you?
I vote dark mode, because dark mode in my opinion is better and does not make eyes tired than light mode, the first time my crypto exchange was Poloniex and wished them great again.
News:
Twitter: https://twitter.com/Poloniex
Weekly Crypto Recap – Ready Player Satoshi: https://research.circle.com/weekly-recaps/weekly-crypto-recap-ready-player-satoshi
Crypto Playlist (On Repeat): https://twitter.com/Poloniex/status/1124019653834047490
Vote results on mobile mode (Light mode/ Dark Mode): https://twitter.com/Poloniex/status/1124397101868363776
Currently, 75% of voters chose Dark Mode as their favorite mode of Poloniex on their mobile devices. How about you?
Twitter: https://twitter.com/Poloniex
Weekly Crypto Recap – Ready Player Satoshi: https://research.circle.com/weekly-recaps/weekly-crypto-recap-ready-player-satoshi
Crypto Playlist (On Repeat): https://twitter.com/Poloniex/status/1124019653834047490
Vote results on mobile mode (Light mode/ Dark Mode): https://twitter.com/Poloniex/status/1124397101868363776
Currently, 75% of voters chose Dark Mode as their favorite mode of Poloniex on their mobile devices. How about you?
Poloniex is a good example how to not manage a cryptocurrency exchange. They had enough funds to make things better, but they didn´t, this exchange were been replaced and currently noone is trading here (atleast no newcomers) 
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Indeed, they were once the best exchange in the past but they were too subjective and not interested in customers, ignore suggestions and complaints, refusing to improve things when they have the capacity to do so, and with those actions, the price they need to pay is that they lose customers, the reputation goes down. Regretting and coming back at this stage was too late, their names became a black color, lots of bad comments about them, glorious and wonderful again is just a distant dream.
In order for Poloniex to be able to become number 1 in the crypto exchanges again, they will have to work very hard. Competitors are not asleep, only Binance has voiced ambitious plans to enter global financial markets, the possibility of direct trading with fiat currencies, which so far no crypto exchange can offer. Also, a minus for Poloniex may be its US jurisdiction, where there is still no legal basis for crypto investing and the authorities are suspicious of ICOs and cryptocurrencies.
To me there re two things that makes Poloniex to lose its number one spot. First is the closure of the Troll-box, troll-box then was a very good tool for me, I know which coin is pumping and which one to pump next and again find latest information on it, the second is the enforcement of the KYC on every customers, why do I need to do this if Binance have 2BTC minimum daily withdrawal for non KYC customers
Enforcements of KYC might come from US government's requirements, not from Poloniex itself. Binance is Chinese exchange, so it maybe different than Poloniex . Trollbox, I missed it so much but I think Poloniex has convincing reasons to close their trollbox, in which lots of FUDs spread and it looks very chaotic place. Sometimes I felt trollbox was funny, sometimes I felt it was very very annoying. I don't think these two reasons led to the position lost of Poloniex. There are other reasons in the past: Customer supports, low speed of KYC verification procedure, and so on.Indeed, KYC already applied in many exchanger and its already common in crypto space. I think Poloniex could be the biggest again if poloniex could developing their exchanger like binance did. Many new exchanger in market right now and they providing new features with good security for their customers
Poloniex is a good example how to not manage a cryptocurrency exchange. They had enough funds to make things better, but they didn´t, this exchange were been replaced and currently noone is trading here (atleast no newcomers) .
Indeed, they were once the best exchange in the past but they were too subjective and not interested in customers, ignore suggestions and complaints, refusing to improve things when they have the capacity to do so, and with those actions, the price they need to pay is that they lose customers, the reputation goes down. Regretting and coming back at this stage was too late, their names became a black color, lots of bad comments about them, glorious and wonderful again is just a distant dream.
To me there re two things that makes Poloniex to lose its number one spot. First is the closure of the Troll-box, troll-box then was a very good tool for me, I know which coin is pumping and which one to pump next and again find latest information on it, the second is the enforcement of the KYC on every customers, why do I need to do this if Binance have 2BTC minimum daily withdrawal for non KYC customers
Poloniex is a good example how to not manage a cryptocurrency exchange. They had enough funds to make things better, but they didn´t, this exchange were been replaced and currently noone is trading here (atleast no newcomers) .
Indeed, they were once the best exchange in the past but they were too subjective and not interested in customers, ignore suggestions and complaints, refusing to improve things when they have the capacity to do so, and with those actions, the price they need to pay is that they lose customers, the reputation goes down. Regretting and coming back at this stage was too late, their names became a black color, lots of bad comments about them, glorious and wonderful again is just a distant dream.
Poloniex is a good example how to not manage a cryptocurrency exchange. They had enough funds to make things better, but they didn´t, this exchange were been replaced and currently noone is trading here (atleast no newcomers) .
Indeed, they were once the best exchange in the past but they were too subjective and not interested in customers, ignore suggestions and complaints, refusing to improve things when they have the capacity to do so, and with those actions, the price they need to pay is that they lose customers, the reputation goes down. Regretting and coming back at this stage was too late, their names became a black color, lots of bad comments about them, glorious and wonderful again is just a distant dream.
This happened to be the first exchange that I traded altcoins on having to link it with tabtrader was awesome. I really wondered why the sudden decline in popularity. Not sure Binace is ready to ditch its position to any other exchange as they capitalized on their lapses to build their exchange
Personally, I always liked this exchange and thought it would return to the top after buying a circle. Probably they have a plan, see.
i dont think that polo can be great again.
it was the most popoular exchange with bitrex last year. after exchanges like okex huobi and binance, polos volume get lower and lower.
maybe until eof we can hear news like polo hacked
it was the most popoular exchange with bitrex last year. after exchanges like okex huobi and binance, polos volume get lower and lower.
maybe until eof we can hear news like polo hacked
It will be difficult to restore confidence after a series of financial issues. The lowest level of technical support, a silence for months, frozen funds - nothing has been forgotten.
They listened to users, they have changed, they upgraded their platforms, so it is promising to wait for their future growth. I don't say their fighting to come back on top exchanges is a easy task, but if they keep improving, they will reach that objective down day. Maybe it will take one or two years for them to come back to the top, but time goes so fast, one or two years are not a very long period.
It is possible that to stabilize the situation will need a couple of years to wait. I think that the crypto market will change and very much in the next few years. 
I think the poloniex exchanger is nice because their support is active and can quickly reply and say if the poloniex exchanger is good because it is also in the top exchanger and the volume of altcoins is great and I think there are also many traders and investors altcoins in this exchanger and also many poloniex exchanger supporters because their website is safe and secure and is quickly withdrawn and the fee is small so many prefer to withdraw the poloniex exchanger more lucrative because of the poloniex exchaner because it is too small fee for all altcoins and tokens on that exchange and until now I use it to save more on the withdrawal fee.
They listened to users, they have changed, they upgraded their platforms, so it is promising to wait for their future growth. I don't say their fighting to come back on top exchanges is a easy task, but if they keep improving, they will reach that objective down day. Maybe it will take one or two years for them to come back to the top, but time goes so fast, one or two years are not a very long period.
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