Crypto 101: If you have SBD to sell, DON'T use Bittrex today. All day it has been trading MUCH lower than other exchanges. Always check exchanges before you open a position (buy/sell) Steemit Family! Caution- Do not use Poloniex at this time!
The prices for SBD are low again the last week. If you want the most bang for your buck, always check 2-3 exchanges like the title here says, to find out where the best deal is for YOU.
Some days the pairings are so close it does not matter really.
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Other days like today when things might literally earn or cost you 10 or 20¢ more or less for every coin you trade, it adds up!
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Some days, details count when you want to exit or enter a position at a crucial time, and don't want to leave money on the table.
If you have 10, 50 or $100 or more to sell, than it REALLY adds up.
TODAY
Our friend here @teamsteem had a very strong warning to all of us here, he does not want to see anyone hurt - he has a good heart -- he warned people like others have done to NOT USE POLONIEX for any Steem or SBD transfers right now:
I used the Poloniex charts just as an example, below, for graphic purposes but here is what @teamsteem said in the comments section below, I edited this post as it was important to him and I like him - he is a good guy!!
Poloniex is the biggest exchange going - most people know their name and logo and charts, it was for a graphic illustration only!
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teamsteem68 · 43 minutes ago
I've sent 490 SBD 23 hours ago to @poloniex and I haven't received them. I've triple check my memo code and opened up a ticket to @poloniex to let them know. I also seen a lot of Steemian in the last hours to days who talked about the similar situation.
@barrydutton as soon as you see my comment, correct your title so that it tell people not to sent SBD to Poloniex. Also make a clear warning that it might be the same for Steem as I've also seen people mentioning that the same happened to them in regard to sending Steem to poloniex.
I will remove my flag when you do so and I might even replace it with an upvote.
Again I am not ADVISING you to use Poloniex! It is a graphic for illustration only!
To break this down for you since you may not be able to or want to read the numbers, - Polo is trading currently (and all day) around 15¢/SBD HIGHER than Bittrex.
0.00055297 BTC as compared to 0.00066962 BTC -- and at times today, it has been about DOUBLE the difference meaning ~ 20¢ lower value you get for every SBD you try to sell today on Bittrex.
Poloniex charts for the day, look at the current / high and low daily postions. Much higher than Bittrex today, and ALL day too.
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Bittrex charts - for the same time period!!! Again, note the current $, the daily highs and low prices!!
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Thanks for reading, have a nice day.
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
The prices for SBD are low again the last week. If you want the most bang for your buck, always check 2-3 exchanges like the title here says, to find out where the best deal is for YOU.
Some days the pairings are so close it does not matter really.
--
Other days like today when things might literally earn or cost you 10 or 20¢ more or less for every coin you trade, it adds up!
--
Some days, details count when you want to exit or enter a position at a crucial time, and don't want to leave money on the table.
If you have 10, 50 or $100 or more to sell, than it REALLY adds up.
TODAY
Our friend here @teamsteem had a very strong warning to all of us here, he does not want to see anyone hurt - he has a good heart -- he warned people like others have done to NOT USE POLONIEX for any Steem or SBD transfers right now:
I used the Poloniex charts just as an example, below, for graphic purposes but here is what @teamsteem said in the comments section below, I edited this post as it was important to him and I like him - he is a good guy!!
Poloniex is the biggest exchange going - most people know their name and logo and charts, it was for a graphic illustration only!
--
teamsteem68 · 43 minutes ago
I've sent 490 SBD 23 hours ago to @poloniex and I haven't received them. I've triple check my memo code and opened up a ticket to @poloniex to let them know. I also seen a lot of Steemian in the last hours to days who talked about the similar situation.
@barrydutton as soon as you see my comment, correct your title so that it tell people not to sent SBD to Poloniex. Also make a clear warning that it might be the same for Steem as I've also seen people mentioning that the same happened to them in regard to sending Steem to poloniex.
I will remove my flag when you do so and I might even replace it with an upvote.
Again I am not ADVISING you to use Poloniex! It is a graphic for illustration only!
To break this down for you since you may not be able to or want to read the numbers, - Polo is trading currently (and all day) around 15¢/SBD HIGHER than Bittrex.
0.00055297 BTC as compared to 0.00066962 BTC -- and at times today, it has been about DOUBLE the difference meaning ~ 20¢ lower value you get for every SBD you try to sell today on Bittrex.
Poloniex charts for the day, look at the current / high and low daily postions. Much higher than Bittrex today, and ALL day too.
--
Bittrex charts - for the same time period!!! Again, note the current $, the daily highs and low prices!!
--
Thanks for reading, have a nice day.
If you liked this blog post - please Resteem it and share good content with others!
--
Some of my recent blogs:
--
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
--
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Might this be because Poloniex isn't accepting SBD deposits or withdraws right now? If your SBD isn't already there, you can't get it in.
Polo has issues, it is true. Note I did not really say what to use, I just gave an alternative, or one option, and put them side by side so people could see for themselves, hopefully actually go to the sites, or a couple others and learn a lesson as I have learned along the way.
Fair enough - thanks for the advice! I need to better about this, so you helped me learn something :-)
Hey Matt Sokol - lol
The warning post is up now on my page with this buddy, spread it will you????
@teamsteem would love word getting out too. TY if you can do that for everyone my friend.
I've sent 490 SBD 23 hours ago to @poloniex and I haven't received them. I've triple check my memo code and opened up a ticket to @poloniex to let them know. I also seen a lot of Steemian in the last hours to days who talked about the similar situation.
@barrydutton as soon as you see my comment, correct your title so that it tell people not to sent SBD to Poloniex. Also make a clear warning that it might be the same for Steem as I've also seen people mentioning that the same happened to them in regard to sending Steem to poloniex.
I will remove my flag when you do so and I might even replace it with an upvote.
Yeah they shut down deposits and withdrawls of Steem a few days ago. It's probably going to take a long time to get that money back unfortunately, if my own support ticket response time is any indication.
edit: Best of luck though - supposedly they're getting better about the support tickets.
That's good news.
If you read my comments here..... (and please do, it might be a translation thing) --- I DID NOT tell people to use Poloniex my friend.
I gave it as a side by side example, as part of a crypto lesson. In no place did I tell people to USE Poloniex.
As such, you really should not have flagged this. I will however reword the title right now.
But to be clear, here is the title of the article --- you will see it does NOT mention for people to use Polo.
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The post had a bunch of money on it when you flagged it down to literally $0.
This was not the appropriate use of a flag being as you did not actually read my title properly @teamsteem. That is actually not my fault, that was on your side.
You also could have asked me privately, or waited til tonite later to flag this - it killed the post in every regard simply because you misinterpreted the title as I said earlier.
Please use more caution in the future with this. This caused needless harm to a Steemit post and user who always tries to help people.
The reason why I flag it is I'm scare your post will make people sent their SBD to Poloniex and potentially lose their money like it is my situation right now and many others. I don't want this to happen.
It's true that I kind of misread your title.
I'll remove my flag when more time has pass and people have seen my warning about not sending SBD to poloniex right now and also potentially Steem too.
You should make a post about not sending SBD to Polo. I'll upvote it nicely.
Sorry for the inconvenience my flag is causing.
Anyone reading this comment, I'm still encouraging you to vote for this post as my flag will eventually be removed as I said.
Edit:
I'd love your title to mention not to use Poloniex, it's all fine and dandy if people can fin a place to sell their SBD for more than current @bittrex prices but clearly it's even more important that people know they shouldn't send their SBD to @poloniex for reason I mentioned above.
Me and many other Steemians have SBD caught up in Polo limbo and none of us want more of this.
Sorry for the inconvenience my flag is currently causing you.
I know your heart, it is a good one!!!! You are a constant good source on here.
I know 100% why you did this, but please read things more carefully, it is great you can admit to a mistake but it also cost me, and also buried the post, so people are being hurt not learning a valuable crypto lesson my friend.
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1/ I already changed the title for you, most people only read that and look at the picture LOL.
2/ I will take your comments you wrote and edit them into the POST now. That will also give you peace of mind.
3/ Please remove the flag right now while I am doing that, the title is fixed, I will do the body of the post now, but please remove the flag now, while I am doing this - it takes some time.
4/ flags damage reputations and I will always work with you and listen to you.
This was likely going to be a $200 post by who voted for it, if you look in the blockchain given what I have seen for 2 days now.
Deal?
I am going NOW to edit the post.
Please message me in the future, you know you can trust and work with me.
You point is exactly right, people often only read the title that's why I want you to change the title and clearly mentioned they shouldn't be using Poloniex. People shouldn't be using Poloniex a gazillion trillion time more than they shouldn't be using Bittrex.
People will look at your post and maybe even just the title and send their SBD, I know if my SBD weren't lost in Polo limbo right now I would have probably read your title and thought to myself I'll send my SBD to polo.
Mention people shouldn't use Polo in the title and I'll give you a 15% upvote which is worth 60$.
Please none of us want money in Polo limbo. Your $ on this post are clearly more accessible than our money that polo has taken into hostage.
Thank you.
I've removed my flag. I'd still love someone to make a post about not sending SBD to Polo. You could try sending a very low amount of SBD to polo and see if it's still true.
Edits fully done now, top to bottom, and FB msg sent, please read both and be well.
#MangoLife
(:
TY for the apology, it means a lot to me.
So would a decent payout on a post though LOL!!!!
Nite brother.
See how polite we are in #Canadastan?
hahahahahah
#Igloos and #Mangos
I just went in and edited the title to a strong warning like you wanted --- against Polo.
I was already editing the post as I promised you when your msg came in. But you hopefully will like it better now. I covered all the bases here.
And I'm a man of my words and gave it a nice 15% upvote. Thank you for the change! I think it's a smart move.
I'm okay with my SBD stucked on Polo but I'd rather help people avoid this.
Sorry for the whole ordeal. I guess I should have handled it a lot better. I'm sometime careless where I be more careful.
Take care my friend!
Post done on this as requested!
Yippeeee! Steem Family.
I always check each each before purchasing cryptos. Also remember some exchanges charge different rates.
BUTTTTTTT, Steemians
I'v lost trust in poloniex a few weeks ago.
Oh, most of us have LOL
Thank you for the insight.
I tried yesterday to trade SBD on Poloniex and SBD wallet was shut off....... So I had to go to Bittrex..
Poloniex has been extremely slow lately as well..
Double edged Sword!!
Have a great evening!!
Thanks for sharing information.
Thanks for the tip, actually I have sold a bit on Bittrex but I will stop it is true that the price is too low on this platform I had not noticed. Waiting for Poloniex to reopen its wallet
Thanks for the common sense advice. Last time I just used Bittrex.
Poloniex is sitting on my bitcoin transfer for 9 days. Support ticket still in process. :-((
Have people still been having issues with poloniex and withdrawing/depositing? I saw a few posts about this recently and hope this has gotten cleared up.
These spreads are huge between the two sites from your images! A little scary! Thanks for getting the word out on this!
Polo has issues, it is true. Note I did not really say what to use, I just gave an alternative, or one option, and put them side by side so people could see for themselves, hopefully actually go to the sites, or a couple others and learn a lesson as I have learned along the way.
Useful postings
Thank you for the information
So I now know what to do between bittrex and poloniex
holly crap!, thanks man!, i was wondering what was going on with this low prices for SBD... I think the low prices there could be for several reasons, 1) there is more SBD circulating due to HF19, 2) poloniex is crashed and no one can withdraw or deposit there, so everyone is using bittrex... In any case, i would not sell my SBD for less than 0.00065 BTC... Any other exchange rather than polo?
I am careful when recommending anything, in case something goes wrong, I don't want to be blamed.
Go to CoinmarkeCap.com > coins > SBD > Markets ---- that will give you an idea where else it is traded.
Actually blocktrades is trading the SBD even higher, i am going to transfer some there now...