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RE: EVERYONE NEEDS TO START USING BITSHARES!!! POLONIEX: The Scourge Of The Cryptocurrency Exchange Space Is At It Again . . .

in #steemit7 years ago

I had noticed these problems myself. I've never seen this happen before, and clearly Steem / SBD / BTS are working fine on other exchanges, so it makes me wonder if this is some political tit-for-tat going on. Maybe Dan pissed them off by not agreeing to give them an insider advantage with EOS or something...

Anyway, even though Polo is my favorite exchange, it's enough to make me nervous too. I have a few Bitcoin left on there, but I'll be moving them off by the weekend and probably going to make Bittrex my main exchange for now. At least until Polo gets their act together.

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This is quite the theory, but I don't put it past Poloniex at this point. Very glad I ditched them and moved to OpenLedger full time.

I'm doing exactly what you described . . . can't deal with this risk anymore. It is not cool . . .

OpenLedger is great, I just wish it had more liquidity. Makes it hard to get into & out of positions unless it's one of the top cryptos. But I suppose if the centralized exchanges keep having trouble, OpenLedger will gradually get more business so that's the silver lining here!

The conspiracy theory section of my brain has been thinking the same thing . . .

It's specific currencies that are having issues, and they just so happen to be all graphene-based. Which doesn't make sense, this shit works like clockwork and as you said, no one else is having any issues.

I hope they get whatever issues resolved so we can either continue using them or simply move our funds. Sadly, I have a bit more than a few BTC on there, and I want it off . . . like LAST week . . . This is making me nervous.

Haha, just needed to vent, that's all I really CAN do at this point.

I wonder if there is anything wr can do to encourage people to transfer their funds to openledger and deprive polo of bts/bitassets

That's the goal. Gonna be hard to accomplish that before more dev work is done though. All in due time!

Indeed, if I was a conspiracy theorist I'd be having a field day. Have you had any problems with BTC withdrawals? Last one I did was a few days ago and it went OK. But I haven't tried a really large withdrawal for a while.

I had some SBD that I was planning on moving over to Steemit, but since I couldn't withdraw I decided to take advantage of the big SBD price spike last night and just sold it all back into BTC.

Haven't had any issues with taking BTC out, but I've only done that a couple times, I've mainly used the platform to drop BTC in and take BTS, Steem, and some others OUT.

Yeah the price spike is huge on Poloniex, but it's unusable haha, you can't deposit or withdrawal. I think that it generated some fake scarcity.

Yeah the price spike is huge on Poloniex, but it's unusable haha, you can't deposit or withdrawal.

Which is probably the reason for the erratic price action, speculators gone wild. I first saw it on coinmarketcap and thought "holy crap I need to sell some SBD". But then I went to the Steemit internal market and was like "hmm, no exciting prices here." I think Polo single handedly skewed coinmarketcap's average.

The problem is,

No matter what happening

Polo should reply our ticket

very dissapointed on it

Agreed, there's absolutely no excuse for that poor level of service. They even say on their site that they disabled the trollbox so that moderators could concentrate on handling support. So where exactly is the increased level of support?