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Topic: Poloniex.com is a scam - page 3. (Read 4957 times)

hero member
Activity: 714
Merit: 500
Skol!
May 13, 2017, 10:58:58 AM
#30
I took all my BTC out of this site. They are criminals.

People lose 1000's of dollars.

They keep getting new members while their servers can not handle the traffic at all. For hours a day you can not buy or sell.

Ddos is bullshit.

Mods are idiots there.
sr. member
Activity: 486
Merit: 250
May 12, 2017, 06:12:17 PM
#29
i am worried about this issue too. although my holdings there are just lunch money compared to others here. i saw it happen 2 times when the alts crashed and i was of course waiting to buy the dip and everytime i cannot place an order and it was always DDoS attack at the right time. i saw it twice on the same day. im sure it happened a lot more when im not trading
full member
Activity: 183
Merit: 100
May 12, 2017, 05:57:02 PM
#28
This is not good for Polo,Big Vern burned so many of us...
sr. member
Activity: 255
Merit: 250
May 12, 2017, 04:01:27 PM
#27


I'm not worried as it looks like BigVern is going to lend his expertise in helping them work it out!


~BCX~




Interesting.

Vern's on the case guys relax & stay calm !

Polo ? Insider trading ? manipulation ? yeah probably.. what's new ?
I bet they all do though..  Shocked

Seriously, BigVern? Might as well bring in Josh Garza while they're at it.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
May 10, 2017, 11:58:07 PM
#26
You either take their word for it or don't.
Do you think they would deliberately lock out users to screw with markets ?
Such as turning it off and claiming their was a DDOS ?
I suspected Cryptsy of pulling shit like that and i have seen exchanges do it in fact.
Is Polo ?
I can't be sure..

I lean a little to them being over loaded lately though.
And trust me i have not been much of a fan of the Exchange either.
I am not afraid to criticize them  Cool

But i took a trip over there the other day and i was shocked at how busy it's become now a days.
So the idea they got DDOS'd is not all that far fetched.
And it does happen too.

They also had MOD's on chat dealing with non stop support issues.
So.. i suspect they are genuinely VERY busy.
legendary
Activity: 966
Merit: 1042
May 10, 2017, 10:14:20 PM
#25
Poloniex haters a simply a bunch of losers that had their first taste of how day trading is a losing proposition.  The trick is getting out before the dump.  Suddenly these idiots have found out how hard that is.  News Flash: When everyone else is dumping their shit coins, access to the system bogs down in order to do the same.  Let me guess what happened.  
     1. Joe Schmuck is in some shit coin scam like stellar or ripple.  
     2. Bottom begins to drop out.  
     3.  Joe tries to sell but with everyone else hitting poloniex it takes longer than normal as price falls.  
     4.  Joe chases the falling price until a sale order finally goes through.  
     5.  Woops, now there's a dead cat bounce and Joe's FOMO kicks in and he buys back in.  
     6.  Look out below, by the time he and everyone else realize it's a dead cat bounce, everyone begins chasing the fall again losing even more money.

That's not a problem with the trading platform, that's how being on the shitty end of day trading works.  Sucks to be you.

Luckily those that have some sort of education with real investments have better strategies than that and never chase it down. To sum it up, big green candle = sell. Big red candle = buy.
legendary
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
May 10, 2017, 09:57:46 PM
#24
Poloniex haters a simply a bunch of losers that had their first taste of how day trading is a losing proposition.  The trick is getting out before the dump.  Suddenly these idiots have found out how hard that is.  News Flash: When everyone else is dumping their shit coins, access to the system bogs down in order to do the same.  Let me guess what happened.  
     1. Joe Schmuck is in some shit coin scam like stellar or ripple.  
     2. Bottom begins to drop out.  
     3.  Joe tries to sell but with everyone else hitting poloniex it takes longer than normal as price falls.  
     4.  Joe chases the falling price until a sale order finally goes through.  
     5.  Woops, now there's a dead cat bounce and Joe's FOMO kicks in and he buys back in.  
     6.  Look out below, by the time he and everyone else realize it's a dead cat bounce, everyone begins chasing the fall again losing even more money.

That's not a problem with the trading platform, that's how being on the shitty end of day trading works.  Sucks to be you.

People are talking about problems in withdrawal and account verification. Nobody is talking about the price that coins trade at.
If people were worried about the price and volatility, they shouldn't be in crypto.  Smiley
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
May 10, 2017, 05:36:14 PM
#23
@Spoetnik

The sad part is that 95% of these newbie Alt Experts haven't been around here long enough to even know who BigVern is LOL



~BCX~

Yup.. which is why none of these guys commented after you i think.

I went to Polo yesterday to see how it was going and i was surprised to see the chat box busy.
It was as busy as when the 2013 crowd rolled in (early 2014'ish i think) and were on it.
I said something and it was almost scrolled right off the page instantly.
It was not like that for a long time though.

I also don't think 90% of the users on Polo knew who i was either.
Not that i blame them much.. i had not been over there for a year or two roughly.

It's irritating seeing such broken English in crypto too.
They say "exchanger" all the time which agitates the shit out of me  Angry
Lots of noobs i guess.. but if they don't know about history then they are doomed to repeat it.

oh and.. https://twitter.com/cryptsy?lang=en
member
Activity: 106
Merit: 14
May 10, 2017, 11:33:06 AM
#22
But every user already agreed with the risk. There is no regulation on polo, and insurance to give a guarantee for the users.
If you play on polo it seems like you're playing in the grey area. Too many unfair practices in polo. The possibility of polo will be turned to the scam site is always be there. This time all of the transaction gets blocked by him.
His DDOS looks very odd in my mind. We are doing a trade at our own risk.

I don't know what you are talking about. I didn't agree to any of this risk. I trusted them, and rightly so. I like what they provide, but LOTS of problems the last several weeks, and especially the last few days.

Poloniex is an American company, located in Wilmington, DE, and expressly regulated by the CFTC. They have been very vocal about being regulated by it.

That is not to say that magic curing of everyone's Polo issues will happen by tomorrow, but the company is UStateside, and regulated to some degree, and that is good for Americans, at least. (World Citizens from other countries, I speak not against you!!)

You did agree to the risk newbie.  Read the Poloniex terms of service.  Chock this up as a lesson in how the real world works.  I'm sure mommy and daddy will replace the birthday money you lost.  (...fucking millennials)

nikkisnowell,

Idiot 1. I'm older than you by 2 days.
Idiot 2. The terms don't specify what you are trying to infer.
Idiot 3. What you are inferring doesn't apply to me.
and #4. I have no parents

But go ahead and have fun proving any of what I said wrong.

Then I'll say: Good Show, NIKKI !!!! Do you feel better?
member
Activity: 105
Merit: 10
May 10, 2017, 07:38:58 AM
#21
But every user already agreed with the risk. There is no regulation on polo, and insurance to give a guarantee for the users.
If you play on polo it seems like you're playing in the grey area. Too many unfair practices in polo. The possibility of polo will be turned to the scam site is always be there. This time all of the transaction gets blocked by him.
His DDOS looks very odd in my mind. We are doing a trade at our own risk.

I don't know what you are talking about. I didn't agree to any of this risk. I trusted them, and rightly so. I like what they provide, but LOTS of problems the last several weeks, and especially the last few days.

Poloniex is an American company, located in Wilmington, DE, and expressly regulated by the CFTC. They have been very vocal about being regulated by it.

That is not to say that magic curing of everyone's Polo issues will happen by tomorrow, but the company is UStateside, and regulated to some degree, and that is good for Americans, at least. (World Citizens from other countries, I speak not against you!!)

You did agree to the risk newbie.  Read the Poloniex terms of service.  Chock this up as a lesson in how the real world works.  I'm sure mommy and daddy will replace the birthday money you lost.  (...fucking millennials)
legendary
Activity: 1210
Merit: 1024
May 10, 2017, 07:02:33 AM
#20
@Spoetnik

The sad part is that 95% of these newbie Alt Experts haven't been around here long enough to even know who BigVern is LOL



~BCX~
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
May 10, 2017, 04:53:17 AM
#19


I'm not worried as it looks like BigVern is going to lend his expertise in helping them work it out!


~BCX~




Interesting.

Vern's on the case guys relax & stay calm !

Polo ? Insider trading ? manipulation ? yeah probably.. what's new ?
I bet they all do though..  Shocked
hero member
Activity: 1666
Merit: 753
May 10, 2017, 02:42:49 AM
#18
Google Poloniex lawsuit. Tons of insider trading, bots, other unfair practices. They're robbing us blind. Remember there are no regulations on these exchanges, so ignore this warning at your own risk.  

Insider trading is definitely going to be a big problem with poloniex and I do think that at least some of their employees have at least taken advantage because they are the ones that gets notified, whether they have a bad intent or not, which coins will be listed and which ones will be delisted soon, because they are the ones carrying out the actual procedure.

And obviously when poloniex lists a coin, the coin absolutely skyrockets. When it is delisted, then they go down in value as if the developer suddenly died. They just have a lot of influence over the altcoin market in general.

Guys, check your Polo accounts now. My huge 3-day-old FLDC deposit is finally posting.

Great Smiley
member
Activity: 106
Merit: 14
May 10, 2017, 01:33:53 AM
#17
Guys, check your Polo accounts now. My huge 3-day-old FLDC deposit is finally posting.
member
Activity: 106
Merit: 14
May 10, 2017, 12:31:35 AM
#16
But every user already agreed with the risk. There is no regulation on polo, and insurance to give a guarantee for the users.
If you play on polo it seems like you're playing in the grey area. Too many unfair practices in polo. The possibility of polo will be turned to the scam site is always be there. This time all of the transaction gets blocked by him.
His DDOS looks very odd in my mind. We are doing a trade at our own risk.

I don't know what you are talking about. I didn't agree to any of this risk. I trusted them, and rightly so. I like what they provide, but LOTS of problems the last several weeks, and especially the last few days.

Poloniex is an American company, located in Wilmington, DE, and expressly regulated by the CFTC. They have been very vocal about being regulated by it.

That is not to say that magic curing of everyone's Polo issues will happen by tomorrow, but the company is UStateside, and regulated to some degree, and that is good for Americans, at least. (World Citizens from other countries, I speak not against you!!)
legendary
Activity: 1218
Merit: 1006
May 09, 2017, 11:08:41 PM
#15
Can't claim they are just scam but they are actually making millions out of traders pocket during so called DDOS attack whenever there is big movements on market. Also they have listed Gnosis out of nowhere and i think they are one of the investors behind that project.
member
Activity: 84
Merit: 10
May 09, 2017, 10:50:08 PM
#14
I am more afraid with Polo's stability it had some issue and all the alt dropped. When they delist a coin and if you are lucky and don't hold any amount of it you can buy the decent ones really cheap
hero member
Activity: 1092
Merit: 501
May 09, 2017, 09:42:14 PM
#13
Google Poloniex lawsuit. Tons of insider trading, bots, other unfair practices. They're robbing us blind. Remember there are no regulations on these exchanges, so ignore this warning at your own risk. 
It will be nice that instead of just your word you offered proof or evidence about it if you have any, in this forum without that no one will take you very seriously, besides it is not like you need to open an account with them you could always use another exchange or forget about trading.
member
Activity: 105
Merit: 10
May 09, 2017, 09:22:19 PM
#12
Poloniex haters a simply a bunch of losers that had their first taste of how day trading is a losing proposition.  The trick is getting out before the dump.  Suddenly these idiots have found out how hard that is.  News Flash: When everyone else is dumping their shit coins, access to the system bogs down in order to do the same.  Let me guess what happened.  
     1. Joe Schmuck is in some shit coin scam like stellar or ripple.  
     2. Bottom begins to drop out.  
     3.  Joe tries to sell but with everyone else hitting poloniex it takes longer than normal as price falls.  
     4.  Joe chases the falling price until a sale order finally goes through.  
     5.  Woops, now there's a dead cat bounce and Joe's FOMO kicks in and he buys back in.  
     6.  Look out below, by the time he and everyone else realize it's a dead cat bounce, everyone begins chasing the fall again losing even more money.

That's not a problem with the trading platform, that's how being on the shitty end of day trading works.  Sucks to be you.
legendary
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
May 09, 2017, 09:01:12 PM
#11
Poloniex has the volumes. Unless you have a credible alternative and enough people migrate, poloniex is going to dictate rules and we have no choice but to follow them.
Decentralized exchanges have not really taken off until now.
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