OMG, i hate those site when they get some known, they will start keep charge lot of type fee.
How else do you think they make their profits? There ain't no such thing as a truly free service. They might have reduced/no fees initially to build their membership, but after that it is business as usual. |
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I have stayed away from poliniex for a long time ago since almost every withdrawal was pending and they simply do not like to support customers. Moreover, too many whales and bug and shady behaviors which I can not believe why a big exchange can do that to all of us. Currently, I am using bittrex and I feel very comfortable using this trading platform
Very good advice, I will use bittrex from now on. I started to see huge problems with polo ie, when I bought coins and a massive dump came, polo basically froze their system and no one could sell and I also lost because of the frozen system, happens everytime The real reason people use Polo instead of Bittrex is margin trading. Bittrex doesn't do margin trading. Kraken does but for limited alts, and when the amount they have to lend is gone, you can't do any further margin trading. Bitfinex does offer margin trading, but they're having problems with their banks and you can withdraw or deposit fiat with them. |
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Does it feel "different" compared to the previous big moves?
It does feel different. The main evidence for me is that all the exchanges have reported that they are under pressure from having loads of new users sign up (they have extra work going through all the verification, the exchanges are under tremendous load, and not all is due to DDOSing, it's new users logging on in numbers that they didn't anticipate just a month ago and they're struggling to play catch up. Moves up based on some whale ramping news usually ends in a dump when the whale/s cash out. But having a lot of new money coming in to buy has a different dynamic. |
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I am forced to use altcoins to move between exchanges. It does suck having to do that. It makes things a lot more complicated for normal average people who don't want that hassle. Right now BTC is a hassle and costs $$$ in fees.
That is a legitimate reason to move coins through altcoins escape the transaction fee but it does make me consider if we are at the point where there is an exchange arbitrage between sending via different coins. Well maybe not but kind of like in the olden days where different exchanges had different prices partially because of how much it cost to deposit on the exchange only applied to altcoin sends vs bitcoin ones. , I would honestly consider paying a higher fee rather than losing more in the middle of the way. Before doge suddenly started attracting the attention of pumpers, it remained remarkably steady in dollar terms, which meant it was practically risk free to use it to move. Sadly that ended a few weeks ago as it joined the Great Altcoin Bubble. At the moment litecoin is not fluctuating much, so use that to transfer money. |
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I dont like making transactions with BTC in between exchanges.Which altcoins can i use polo>kraken>bittrek money transfer with min. fee?
Doge from Polo to Kraken will cost you 1 doge (about 130 satoshi). |
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Take a look at all charts from 24 hours (or even less) to 2 years (or all time). Almost exponential growth lately, 200k unconfirmed transactions and the scaling issue not solved as of today. The WannaCry attack was attention for BTC, but put it in a bad light again. Now, what do you think? Are we in a bubble?
It's going up too fast. Exponential charts are by definition indications of bubbles. That said, bubbles can get very big before they burst and this one has a ways to go. |
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I think DOGE COIN has by far a huge fan base and now more and more people are being attracted to altcoins so I think especially for those that want to start small, DOGECOIN maybe a favorite one for smaller holders who are just starting their life with crypto currencies. So my answer is YES, I do believe DOGE is here to stay.
It used to have a huge community, but the community started to dwindle after Moolah's scam brought down Mintpal. The community hasn't revived - there are only 383 people currently on the doge subreddit, a few years ago there would have been thousands. I think what we're seeing here is a pump pure and simple. It was doge's turn to be pumped... |
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 Guys you better do something or an altcoin will take over once for good, this is slowly becoming a bad joke, don't care if 1 BTC is $2,000 If you want to move funds to and out an exchange (and want to make sure it's confirmed fast) you pay $16 ! for basically nothing Yeah if I were a whale I wouldn't mind, but I'm not one If you are moving funds between exchanges, use something like litecoin which as low fees and the price seems to have stabalised too. |
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LOL... it came down pretty fast as well. Zoomed from $2,000 to $2,100 in one hour. And after that it came down to $2,000 in the next one hour period. A lot of profit booking seems to be going on.
It's now under $2000 again. I think the speculators are having a ball, and who knows where this will end? Bull markets climb a wall of worry. |
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There has definitely been an influx of new buyers. See https://www.bitstamp.net/article/increased-demand/Increased demand
17 MAY 2017
Dear Bitstamp customers,
As digital currencies continue to gain in popularity, the increase in the number of new traders on exchanges like ours can exert significant pressure on the customer service team. Our duty to fulfil our compliance obligations also means that there are limits as to how much of the onboarding process can be automated, which imposes additional demands on our staff.
As you might expect, this recent spike in popularity has led to us receiving significantly higher numbers of customer support queries and verification requests. All the exchanges are experiencing something similar - this is new money coming into crypto. |
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Golos is due a pump, that's for sure. But they're on Bittrex and it doesn't attract as many pumps as coins on Poloniex (though nearly dead coins like Reddcoin had a recent pump on Bittrex, so anything is possible).
If Golos could get themselves listed on more exchanges, they have more of a chance of being pumped.
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makes total sense. these days i seriously doubt you could get away with anything with bitcoin unless you're turning it into cash, even then who knows what clever stuff they have to trace you?
Yes. Bitcoin is too high profile, and using botnets to mine monero and other alts probably produces better returns because it's completely under the radar. I doubt the owners of the infected computers will even realise what is happening. |
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http://www.pymnts.com/news/bitcoin-tracker/2017/cybercrooks-look-for-bitcoin-alternative/A single bitcoin payment is enough to expose user identities and transaction histories. While bitcoin’s lack of total anonymity may not be a major issue for regulators, banks and proponents of its underlying blockchain tech, it could still put a dent in its overall use by cybercriminals who want to keep transactions private.
Especially since there are a number of digital currencies with actual anonymity built in — including Z-Cash, along with Dash and Monero. For now, these cryptocurrencies are much more difficult to access, acquire and exchange for fiat than bitcoin.
But it turns out, experts reported earlier this week that a computer virus, exploiting the same vulnerability as the WannaCry attack, had infected over 200,000 computers. Instead of demanding ransom, this virus used the computers to begin mining Monero — similar to bitcoin-based viruses released in bitcoin’s early days.
This is reportedly leading some to believe that, if Monero moves to become as adopted and accessible as bitcoin, cybercriminals would turn to this cryptocurrency for the purpose of cyberextortion.
“This used to happen in bitcoin before it became big — there were loads of botnets that went into computers that used to mine bitcoin, but you now can’t basically mine bitcoin on normal computers because you need specialist hardware,” Chainalysis CEO Jonathan Levin told Reuters. “If Monero does become adopted and is as big and liquid [as bitcoin], that means the crime [will] move from using computers to mine to getting to extortion,” Levin said.
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It might not go down to $1000, but there WILL be some profit taking, there always is. Note that some issues still haven't been solved: you can't withdraw BTC from the chinese exchanges (it's been that way since feb), the mtgox coins might come on the market, they might be solvent at this level, and so on.
If you invested $1000 when the price was below $1000, cash out some of your state and bank those profits, and let the rest ride.
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It's because mainstream users are coming in, thanks to articles like the following: http://www.cnbc.com/2017/05/18/looking-for-portfolio-protection-here-are-two-things-to-buy-right-now.htmlIn a different kind of hedge, Boris Schlossberg of BK Asset Management suggests turning to digital currency bitcoin. Bitcoin is the "new gold," he said, and appears to be a good hedge going forward.
Schlossberg draws parallels between the volatile digital currency and the precious metal widely considered a safe haven.
Even after bitcoin's 92 percent rally so far this year, "it's holding at very steady highs right now, and typically when you have a big move — whether it be any kind of instrument — generally you're going to have some continuation," he said Wednesday in an interview on CNBC's "Trading Nation."
"It's clearly signaling more demand. So I like that as a hedge play going forward," Schlossberg added. |
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How long have you been a member of Poloniex? If you are new, without a track record of at least a year, they're going to manually approve any withdrawals, and because they have so many to go through it's going to take a while.
I recommend noobs to use another exchange instead, as Polo is overwhelmed.
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I've just successfully withdrawn some bitcoin today - it went through smoothly, as normal.
However, I've had an account with Polo since 2014, and don't use VPN's and tend to withdraw to the same address each time. This might be why their algo is automatically approving all my withdrawals.
For the new member of Polo: you need to establish a track record before they automatically approve all your withdrawals. Also, don't use VPN's.
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I'm new to Reddcoin. But I'm glad because right now it is 16 Satoshis  You know there is an alt speculation bubble when even obscure coins that have gotten kicked out of Polo are now being pumped. I wonder if Bittrex is going to see action on some of their other coins too? |
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Same issue here.Waiting for over 72 hours but still no respond.I will never trade at Poloniex again.Nearly 1 BTC is still there without any feedback.Very bad services for Poloniex
How long have you been a member of Poloniex? Some of the folks on Reddit were suggesting that it was only new accounts that were having problems: https://www.reddit.com/r/BitcoinMarkets/comments/6bx1yj/whats_going_on_with_polo/ |
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As long as it's the basic miners fee, it's perfectly OK. It's what you should have paid all along.
However, if they suddenly hike the fees to something like 0.001 btc (10 x the basic fee), then you know they're in trouble. One of the signs Cryptsy was in trouble was the high withdrawal fees, as they sought to clawback money and prevent withdrawals.
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