Topic: WHOOPS>>.. POLO random new delistings causing flash crash - irresponsible? (Read 1723 times)

Audited by whom? Regulated by whom? Trouble from who?

Polo super-pumps every new listing, it's almost comical...
And shuts down wallets for days/weeks for Organized Pumps...
(Wallets shut down for pumps last 2 weeks: XDN, SYS, NAV)...
And delays transfers to other exchanges for hours/days.

This is what they do in the open... imagine what is under the radar.

TRUTH !

All of them are like that too.. corporations setup to generate a profit from Crypto fanaticism.. and greedy idiots.

I started harping hard on Cryptsy in late 2013 / early 2014 on their Troll-Box about "personal responsibility" after seeing bad signs.
They would simply chant their mantra at me in return.. "User Demand"

All these exchanges are here to get your money.
They are not operating a non-profit charity.
Nor are any of them operating with a shred of transparency either.
They simply wedge themselves into the corner then dictate what they want.
While remaining compliant with United States of America government identity and information request on their users.
While selling you the Free Market / Decentralization / No Regulations ILLUSION.

When these guys pull their blatant bullshit shenanigans that would be your time to act.
But you inexplicably IGNORE what they do.. because you NEED to profit and NOW !!!!!!!!!11111111111

If any coin or other service was caught parading around such a facade you all would be up in arms.
Citing hypocrisy etc and throwing around your crypto rebel teen angst rabble.
They got it made.. provide the cloud of deceit to operate the bullshit in and you all permit your selves to be co-opted into letting it all go down.

Hey as long as those corporate profits get spread around you all don't give two shits about your so called NO REGULATIONS Free market verbal diarrhea.

Yup..

I am better than all of you.
yup i am smarter.. yea i have more class & integrity.

Why ?

Because when Cryptsy started taking "User identity" verifications.. i refused and left.
That was just the start..
When poloniex went down hill i stopped using them too.
When all the exchanges such as BTER had SURPRISE "network issues"
..at the exact same time when every fucking coin got pumped.. i bowed out !

I will not play the scammy corrupt rigged greedy immoral game with scumbags.

I will not use Coinbase when they hand over the leader of KickAssTorrents.
Nope.. i have some god damn integrity and i put my fucking money where my mouth is.

Believe it or not some things are more important than money.

Reminds me of the old Cryptsy ORB coin revolt.. where they had to pull it hours after adding it.
Then how they waited a few months until crypto was exploding in popularity..
then slid it back in December 2013 when no one was looking with no announcement (like most other coins got)
Talk about god damn fucking sleazy beyond comprehension.

Don't worry though.. this is just "FUD" from a Troll ..carry on wit yur ROI'z profiteers.

bump.
1. decentralized exchanges
2. centralized exchanges dedicated LONGTERM to specific projects

ex.

a) the culling of XDN is nonesense (part of the Polo/XMR fabric)

b) killing of CGA after keeping this deadwood listed for years is an insult, why did they keep it listed when it should have been trimmed in 2014?  the only guess is that they wanted to signal longterm support only to gore the risk takers that bought the bait.

c) same with sync, block, rdd, xst, diem ... they/polo signaled commitment to the projects being listed ... this brings on new investment, new dev, ... growth/gains. 

But fuck investors, right?   

It is not a warning it is a sentence.

A warning is "if the volume don't increase before xx/xx/xxxx the coin will be delisting."

With this annonce from poloniex the price of these money did flash crash and it is really unfair for their customer  For exemple I wake up and I see GEO -50% . Rude wake up lol

I'm agree with cryptohunter, the decentralized market will be a huge progres because we never can make truly trust in a centralized market

That is a good thing right? it was about the time to see some responsibility from their part, I wouldn't call it random though, they must've a good reason for it.
Just look at yobit and see what a mess they have become.

Poloniex has just added Stratis to its list and the coin is making mad waves at the moment - worse than what Zcash managed to generate.

Most of those coins were just used for pumping and dumping so far. They can also change their mind if a lot of people complain because of delisting. It happened once with LTBc, but I doubt will happen again. Poloniex added way to many coins in past with way to little thinking. they a bit still continue with it. I did not expect Nexium will be added.  Well for sure is coin that have way bigger meaning then half on Poloniex, but I doubt we will see that game in a year time and there will be more influential coins appearing in future.

Audited does not mean regulated. Insider trader is a thing everywhere in crypto, don't be fooled

I don't see any advertising for POLO in this forum, yet they have so many fans. Best exchanges for small trades which are user friendly imo are 1-yobit. 2-c-cex. 3-cryptopia. 4-nova. and of course a few others.
Unless you guys can truly trade coins with different prices in POLO than in those 4 I mentioned.

I may think if they will substitution it with the best other. Looks like the other was very potentially already there. But same with the main point at the first page, "no volume and no place".
They haven't enough the volume and there is no place for them all. So this will be the nice story soon. 

You could be right but this is not the point. It is not a matter of delisting low volume coins it is rather the issue that one exchange will crash coins 80-90% when there is not other good reason for them to crash other than the delisting. This opens up the entire alt coin market to abuse and manipulation. There needs to be more spreading of trading really. Also some known criteria for delistings elseit could look as though there are unknown reasons for such actions.

Fully decentralised exchanges are really required. However I'm unsure if the design is possible to make them as usable to day traders as centralised exchanges.

hope they will later delist more shit coins with no volume trade at all.and all under 1000-$..

I do agree if you have lost it is part of life and you must dive back in and not be bitter.

I appreciate your point, however your first assumption is incorrect in this case. I have not made a net loss as a result of these delistings. I owned none of these coins other than BLOCK which triggered some buys at just above 10k sats. I am holding those (could be a terrible idea who knows with those guys their track record is not the best but I'm going to take a gamble at this price) but could sell now and would not have lost anything. Besides I'm well in the green on this coin in the last year. Actually trading has been volatile and anyone that was not effected by the intial dumps caused by this announcement would have had great opportunity to make some profit today.

However, I do not agree that if you had 10 exchanges with reasonably equal volume then one of them delisting would  move/crush prices like this.

The point is not gaining nor losing as a result of these announcements. The point is such announcements from one exchange should not crush coins by 80-90% when nothing else changed regarding those coins. This power in the hands of one entity that could be abused and provides and even more unstable trading ground that the alt scene already has. We need to iron out all avenues of possible manipulation and abuse that we can.

There is an argument is suppose that if any of these coins has real usage and offer something the alt community needs these coins will survive and come back stronger. If not they will perish or be left to the smaller less used exchanges.

no need to have a warning if the coins they were not registered and no volume

poloniex have a track record of springing surprises on their users. the etc launch was one. you can guarantee that someone somewhere is benefiting from these moves before their loyal customers.

i have no clue if there were really VIP-traders. But could i be polo-stuff-members? or traders with huge volume? or coindevs?

i have not heard of a single one of those coins. i will cry for them and then move on. poloniex is in the business of making money. they don't care about the coins. they'd drop eth if interest was low enough.

So? this is the warning? I did not know also whats happening and I think it is only technical problems or glitch. If its from the site management, then  it is quite irresponsible move in my opinion and I agree with most reaction here. I do agree that they should delist those not moving coins to cleanup the system.

WTF is a VIP trader ? 

guys dont cry,you have more then 14 days...so all can take them down..but anyway if coin have 0$ volume trade its no worth coin at all;)