I've been having a general feeling of unease about Poloniex. It started in September after reading Davinci's post here:
https://bitcointalk.org/index.php?topic=1593318.0(The August outage was blamed it on data center problems, and Davinci's legitimate concerns in his thread never received attention from Poloniex.)
I didn't think much of it, but then in Sept they had withdrawal delays and tweeted this:
https://twitter.com/Poloniex/status/777145303753494528Late August/early Sept had seen some of the largest volume days I can remember on Poloniex for 2016. Monero trading saw a huge amount of volume. Ever since that series of withdrawal delays, I've notice a significant drop in daily trading volume.
IE, last weekend POTCOIN was the number 1 volume coin on Poloniex. Higher trading volume than ETH, XMR, ETC.
My question is to the ETH/XMR whales. Where did you go, and why did you go?
I've since reduced my exposure to Poloniex, and as much as I hate their interface and lack of volume, I'm trading more on Bittrex.
Look, we've been here before with MtGox & Cryptsy. Withdrawal delays and service outages are serious concerns in a cryptocurrency space where we've seen hundreds of millions of dollars in hacks, and countless insolvencies.
Poloniex seems to be showing signs of not being able to run a professional business. I have some prominent friends who are taking weeks to get verified, without responding to email inquiries.
Because we've all been burned before, most of us don't trust exchanges. Poloniex needs to address these issues faster and with more clarity.
I’m still trading there because its one of the only good options for liquidity in altcoin trading...but I would like to hear from the whales. What do you know that we don't? The biggest concern is the noticeable reduction in trade volume since they posted the delayed withdrawals message on Sept 17.