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Author Topic: Poloniex isn't the best place to trade alts  (Read 4384 times)
thebitcoinkiddo
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May 03, 2017, 08:59:49 AM
 #21

Regardless of their support, you won't get good volume anywhere else besides Poloniex for altcoin volume.
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May 03, 2017, 09:37:10 AM
 #22

This is my first time to reading a bad review on Poloniex which I thought can be the best cryptocurrency exchange there is. Reading the original post, it seems that Polo is rendering a bad service maybe they can not cope with the deluge of demands and problems that are shouting for solutions. Yes, I think it is time for them to evaluate their position and come up with an upgrade of infrastructure and people manning the infrastructure.

I am actually planning of opening an account in Poloniex as I am also interested in investing in some colorful coins that are still cheap and has potential to experience an upward value.

Is Bittrex then much better?
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May 03, 2017, 09:55:06 AM
 #23

You tried to make money by arbitrage trading coins that have very low trading volume. You should consider the gap (spread) between buy and sell orders on both exchanges before choosing any coin to buy in one and sell on another platform. If not you will loss so much,  -30% within few minutes is normal for low volume coins.
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May 03, 2017, 02:32:02 PM
 #24

It's possible that by eliminating some minor altcoins, Poloniex can streamline their services. Maybe they can focus better with fewer coins to deal with.
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May 03, 2017, 02:35:02 PM
 #25

It's possible that by eliminating some minor altcoins, Poloniex can streamline their services. Maybe they can focus better with fewer coins to deal with.

They already do that to an extent. But I can't imagine they'd want to become a top 5 only type of place. It's the prospect of pumping the smaller coins that pulls people in.
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May 03, 2017, 03:02:32 PM
 #26

It's possible that by eliminating some minor altcoins, Poloniex can streamline their services. Maybe they can focus better with fewer coins to deal with.

They already do that to an extent. But I can't imagine they'd want to become a top 5 only type of place. It's the prospect of pumping the smaller coins that pulls people in.
that's reality buds, polo removed coins and they don't have any explanation or not liable from doing it, time for some low volume coin being played by the whales and let newcomers being trap and buy the hype then dumped down after gaining huge profits. this platform still got doubts to be the place for trading alts which have good future.
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May 03, 2017, 03:08:57 PM
 #27

If you're not satisfied with the services of poloniex then you can choose your another trading sites to earn more bitcoins from your alts when in trading i don't focus on one website only i have a choices we had a right to choose whether we want to trade it's up to you why you keep on that if theres an good that you can use? Like c-cex.com some of alts here are low and if you go into another exchange or trade site like yobit the alt there are high. just sharing this thoughts.
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May 16, 2017, 11:37:54 PM
 #28

If you're not satisfied with the services of poloniex then you can choose your another trading sites to earn more bitcoins from your alts when in trading i don't focus on one website only i have a choices we had a right to choose whether we want to trade it's up to you why you keep on that if theres an good that you can use? Like c-cex.com some of alts here are low and if you go into another exchange or trade site like yobit the alt there are high. just sharing this thoughts.
Not an argument, sorry. Poloniex is now in close to monopoly position on alts exchanges. And it's up to exchange to work correct and have a proper service.
BTW now yet again I have my coins stucked. On pretty alive market. And I suppose that  I won't get a help from anyone for 3-4 days more, because situation with support is even worse than before.
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May 16, 2017, 11:41:57 PM
 #29

If you're not satisfied with the services of poloniex then you can choose your another trading sites to earn more bitcoins from your alts when in trading i don't focus on one website only i have a choices we had a right to choose whether we want to trade it's up to you why you keep on that if theres an good that you can use? Like c-cex.com some of alts here are low and if you go into another exchange or trade site like yobit the alt there are high. just sharing this thoughts.

Well in this case they will also get anoyed for the service what can yobit gave to them remember mate theirs so many bad claims against that site and i can't trust them either interms of alts trading so better to those people who seeks better place to trade on well might better if they just go to bittrex for little while since as I see they are ffocusing on security and might it will be safe to us to stayed their since they are well reputed to.
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May 17, 2017, 04:41:18 AM
 #30

sadly this is what has become of our trading platforms. they get big and they stop caring about their users.
you can see their history, they were active and listening when they were small and wanted to get more users to make more money but after they reached the stage when people come on their own, they stopped giving a shit.
and to be honest it is partly users fault too. they can simply stop using that place and switch to another platform. maybe if they start losing a significant amount of daily trading volume they start caring again.

and besides they are not regulated so they do whatever they want Smiley

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May 19, 2017, 05:41:35 AM
 #31

Yes, lately they've been very poor I have also experienced that myself, not been able to make the trades at the right time, the buy/sell always lagging and not doing what it is supposed to do, they should be better, instant. I think their server/hosting resources are not up to the mark either. They must improve the quality of their site and always blaming the Ddos, isn't helping either. And I've also seen the support staff being arrogant and banning almost everyone who asks them a couple of hard questions.
If this keeps on going, I think people will definitely start moving to another exchange.
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May 19, 2017, 10:28:30 AM
 #32

If you're not satisfied with the services of poloniex then you can choose your another trading sites to earn more bitcoins from your alts when in trading i don't focus on one website only i have a choices we had a right to choose whether we want to trade it's up to you why you keep on that if theres an good that you can use? Like c-cex.com some of alts here are low and if you go into another exchange or trade site like yobit the alt there are high. just sharing this thoughts.
Yobit is one of my favorite altcoin trading site because there is a lot of coins to choose from and it means a lot of opportunity to make money and most of the altcoins there are manipulated by whales and for me it is a good advantage because we can easily multiply our bitcoin by trading and riding the whales in a particular coin which is the most profitable way in that site.
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May 19, 2017, 12:18:50 PM
 #33

As soon as the problems began on this exchange, I immediately withdrew all my money. I do not like when the exchange introduces some restrictions. I prefer to use more reliable services. But earlier I liked to trade on this exchange.

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May 24, 2017, 01:37:11 PM
 #34

Yes, I agree with you. There's something wrong with poloniex trade altcoin like pending order and manipulate price, sometimes too far with another exchanger. This day I replace my fund to another exchanger and I hope that's the best way. Like or not I must save my fund for good.

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May 24, 2017, 02:19:41 PM
 #35

I already moved to bittrex since poloniex has some problem about one or two weeks ago when the site lagging all the time. Lost some money there, can't trade sometimes so i moved somewhere else.

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May 24, 2017, 02:28:45 PM
 #36

Yes, lately they've been very poor I have also experienced that myself, not been able to make the trades at the right time, the buy/sell always lagging and not doing what it is supposed to do, they should be better, instant. I think their server/hosting resources are not up to the mark either. They must improve the quality of their site and always blaming the Ddos, isn't helping either. And I've also seen the support staff being arrogant and banning almost everyone who asks them a couple of hard questions.
If this keeps on going, I think people will definitely start moving to another exchange.

Yeah, they always blame Ddos and poloniex's customer support team really has problems, they always say they will answer within 24 hours but sometimes I have to wait for a week, so my problem they usually take a week or two to process, i feel very upset about that. Every time a coin is pumped at high prices, lag situations and failed transactions constantly happening. I do not know this is because errors or because they're cheating, but I think in the coming period if that does not improve, I will leave poloniex

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May 24, 2017, 02:53:58 PM
 #37

Well to be quite blooy honest, I keep seeing people complain about poloniex. I understand that alot of people complain about the lags but in the end what really matters (atleast for me) is the volume. I really only feel comfortable trading on there right now. I hope in the future there will be a very good decentralized exchange with loads of volume. If so I'll move, if not I'll stick where the volume is (Poloniex right now).
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May 24, 2017, 03:32:58 PM
 #38

I see that the volume of trading in Bittrex is rising quite high, I think it's because of Poloniex which is still lags sometimes, but I still use Poloniex and some started moving my coins to other exchange which I think can be trusted too. Poloniex should fix any problems in their service It is important that they are not abandoned.
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May 24, 2017, 07:29:15 PM
 #39

Where else would you wanna go besides polo? There is no better place than polo. There is bittrex but I doubt you'd get much volume that will be enough for what you look for. Would you rather be going to Yobit? Their volume is good I can see.  Grin

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May 25, 2017, 11:32:59 AM
 #40

Where else would you wanna go besides polo? There is no better place than polo. There is bittrex but I doubt you'd get much volume that will be enough for what you look for. Would you rather be going to Yobit? Their volume is good I can see.  Grin


I never thought poloniex was not good, because since I played trading and there was no problem I experienced, I think Bittrex is a very good market for buying altcoin. I suggest you do not play on yobit, because yobit is not good and too many coins left by developers, maybe if anyone buys a coin there you will be stuck and at high risk.
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