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Author Topic: Poloniex lending and hard fork  (Read 1387 times)
enigma2k (OP)
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March 21, 2017, 07:56:49 PM
 #1

Hello,

I've noticed that many people stopped lending their bitcoins on Poloniex and the interest rate went up there by quite some amount. Could anybody explain me please why people suddenly stopped lending BTCs on Poloniex? Can you lose BTCs due to the coming hard fork?
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March 21, 2017, 08:58:09 PM
 #2

With all the examples like these two:
Liqui, were you hacked or had your database stolen? I woke up to see 2 logins in my email from 2 different IPs that weren't mine. I'm using an unique password for Liqui, which is why I think it's on your end. No funds were lost because I didn't keep funds there, but it's scary having your account compromised.

Anyone else experiencing this?

Everything is ok from our side. Use support@liqui.io to resolve possible issues.

Okay, that is really odd then. Not sure how someone would get my unique password, and it can't be malware/RAT/a keylogger as I haven't logged onto Liqui in forever and if I was infected, my bitcoin wallet/email would probably be targeted first.

Anyone else getting logins that weren't yours? My 2 successful logins were from these IPs:
249.102.59.228 - Proxy IP
95.72.136.184 - Russia IP

And after paying the fee, they only added 0.000045 BTC fee for the transaction: 42f720dd400168b688e8400daeba32d3514802b3991ef4488beea830f81510f3 (Fortunately it got confirmed) Lips sealed
They are taking all those withdrawal fee on top of trading fee which is quite insane. They don't have much daily trading volume so may be they are using this high fees to cover their running cost.

Quite surprised to see this transaction got confirmed within 8 minutes even with that very low fee.

I was going to go to Poloneix but now with hearing they stopped lending and interest rates going up on their site and with this uncertainly of the hard fork causing this, I am wondering which one I should go use.
Because I have been looking for the last two months for one to start trading with but always something like these two examples come up to dissuade me from actually proceeding to register and depositing any coins to them.

Any one can suggest a site to join that does not have such problems as the above original poster has put forward as yet another problem I do not have to deal with once settled on one to actually start to verify as a competent exchange to deal with my funds?
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March 21, 2017, 09:05:15 PM
 #3

With all the examples like these two:
Liqui, were you hacked or had your database stolen? I woke up to see 2 logins in my email from 2 different IPs that weren't mine. I'm using an unique password for Liqui, which is why I think it's on your end. No funds were lost because I didn't keep funds there, but it's scary having your account compromised.

Anyone else experiencing this?

Everything is ok from our side. Use support@liqui.io to resolve possible issues.

Okay, that is really odd then. Not sure how someone would get my unique password, and it can't be malware/RAT/a keylogger as I haven't logged onto Liqui in forever and if I was infected, my bitcoin wallet/email would probably be targeted first.

Anyone else getting logins that weren't yours? My 2 successful logins were from these IPs:
249.102.59.228 - Proxy IP
95.72.136.184 - Russia IP

And after paying the fee, they only added 0.000045 BTC fee for the transaction: 42f720dd400168b688e8400daeba32d3514802b3991ef4488beea830f81510f3 (Fortunately it got confirmed) Lips sealed
They are taking all those withdrawal fee on top of trading fee which is quite insane. They don't have much daily trading volume so may be they are using this high fees to cover their running cost.

Quite surprised to see this transaction got confirmed within 8 minutes even with that very low fee.

I was going to go to Poloneix but now with hearing they stopped lending and interest rates going up on their site and with this uncertainly of the hard fork causing this, I am wondering which one I should go use.
Because I have been looking for the last two months for one to start trading with but always something like these two examples come up to dissuade me from actually proceeding to register and depositing any coins to them.

Any one can suggest a site to join that does not have such problems as the above original poster has put forward as yet another problem I do not have to deal with once settled on one to actually start to verify as a competent exchange to deal with my funds?
I don't think its good idea to take risk like this after reading few posts which are giving information about compromise accounts better keep your money safe if you want to start lending then try here on this forum and if you are interested in trading then never keep your money on any exchange
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March 22, 2017, 04:26:21 AM
 #4

That is strange... The rates are really high, most cheap lending offer is 0.099%.

I would like to know also why this is happening. Is the hard fork a certain now?

 
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maydna
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March 22, 2017, 05:24:23 AM
 #5

Hello,

I've noticed that many people stopped lending their bitcoins on Poloniex and the interest rate went up there by quite some amount. Could anybody explain me please why people suddenly stopped lending BTCs on Poloniex? Can you lose BTCs due to the coming hard fork?

i think people its not stopped lending their bitcoin because from what i see in the lending section, there is still many people lending their bitcoin and the rate is up and down and its follow with what happen in the market. if you are not confident for lending your bitcoin, then i suggest you to lending the other altcoin and i think its good choice too. i am doing lending too in poloniex and i don't just lending my bitcoin, but all the coins and yes its work while we wait the price is increase.
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March 22, 2017, 05:48:38 AM
 #6

You guys should read a little more.
People got scared by this: https://poloniex.com/press-releases/2017.03.17-Hard-Fork/
Basically if you are lending on Polo and the hard fork happens you will get back only BTC and not BTC+BU, which is normal, since your money was given to somebody else and was converted into altcoins for trading.
Also, with so much hardfork discussion I expect that many have withdrew money from exchanges and keeping the Bitcoin in local wallets.

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March 26, 2017, 12:26:03 AM
 #7

I was with this same doubt. But I'm less worried now.
cosmicblue
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March 26, 2017, 02:25:57 AM
 #8

You guys should read a little more.
People got scared by this: https://poloniex.com/press-releases/2017.03.17-Hard-Fork/
Basically if you are lending on Polo and the hard fork happens you will get back only BTC and not BTC+BU, which is normal, since your money was given to somebody else and was converted into altcoins for trading.
Also, with so much hardfork discussion I expect that many have withdrew money from exchanges and keeping the Bitcoin in local wallets.
Atleast they are warning their users who hold any BTC with them the risk of holding in their wallets when this does happen. Unlike another exchange who doesn't even warn their members about coins being removed from their listings without notice thus causing them to lose their assets if they hold those certain coins.
Very good to know atleast one major exchange out there isn't just looking out for their own asses with the uncertainty in this current bitcoin climate we are in for.

Big dom the donkey destroyer.
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March 26, 2017, 05:31:39 PM
 #9

I would like to know also why this is happening. Is the hard fork a certain now?
Simple answer to this is possible hard fork. Nobody want to loss free BTU  Grin

However i expect bitcoin will flow back to poloniex when traders can be sure that there will be no any fork or anything like that in near future.
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March 27, 2017, 07:50:24 AM
 #10

Very good to know atleast one major exchange out there isn't just looking out for their own asses with the uncertainty in this current bitcoin climate we are in for.

Actually I see it way different.
Poloniex has a good PR and found out that it's better to ensure their customers that "everything is all right".
Most other exchanges don't care, since the chance for BU to get deployed is not big. Clearly not as big as BU supporters and Bitcoin speculators want you to believe Smiley

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