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Author Topic: Poloniex buy order  (Read 605 times)
Crazymoon (OP)
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April 10, 2017, 05:52:49 PM
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I've been looking at ripple buys and I found this, can someone explain what is this?

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cryptogasm
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April 10, 2017, 06:24:29 PM
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I've been looking at ripple buys and I found this, can someone explain what is this?



WOW!! This deserves much attention!!
avatar_kiyoshi
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April 10, 2017, 07:23:41 PM
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That's a bug? Huh Wow imagine if you continuously doing that. This should take much serious by poloniex.
Recently poloniex get pretty much attention about their issue service, with such a screenshot, I'm sure their platform have a problem.
shamzblueworld
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April 11, 2017, 05:12:07 AM
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That's a bug? Huh Wow imagine if you continuously doing that. This should take much serious by poloniex.
Recently poloniex get pretty much attention about their issue service, with such a screenshot, I'm sure their platform have a problem.
Yes it does look like a bug.
But it could have been that the order was of more Ripples and most of them sold out and only this very very small portion of a ripple 0.00004065 remained which of not absolute zero is quite close to zero bitcoin... It could happen like that right?
Hatcher
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April 11, 2017, 05:19:04 AM
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It's not a bug. The order was most likely executed to repay a debt brought about by borrowing XRP to margin trade. And it is not like he didn't have to pay any BTC to make the purchase. It is just that the amount required to buy that XRP was less than a satoshi, so it reads as 0. When you do enough of these sub-satoshi trades to add up to 1 satoshi, Poloniex make you pay it.
sotoshihero
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April 11, 2017, 05:28:32 AM
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It's not a bug. The order was most likely executed to repay a debt brought about by borrowing XRP to margin trade. And it is not like he didn't have to pay any BTC to make the purchase. It is just that the amount required to buy that XRP was less than a satoshi, so it reads as 0. When you do enough of these sub-satoshi trades to add up to 1 satoshi, Poloniex make you pay it.

I hope you are right, as I do not do margin trading. At first, I thought it was a bug and thank you OP for bringing this observation. Is there someone can confirm sir @Hatcher explanation? Also, hope poloniex staff can clear this issue.I am also trading in Polo everyday.
Crazymoon (OP)
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April 11, 2017, 07:04:22 AM
Last edit: April 11, 2017, 07:38:39 AM by Crazymoon
 #7

It's not a bug. The order was most likely executed to repay a debt brought about by borrowing XRP to margin trade. And it is not like he didn't have to pay any BTC to make the purchase. It is just that the amount required to buy that XRP was less than a satoshi, so it reads as 0. When you do enough of these sub-satoshi trades to add up to 1 satoshi, Poloniex make you pay it.

Yeah it's not a bug, just got a reply message from one of the Polo mods with this same message.
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