Poloniex caused the market to crash

[Zimtente]

i see the age of decentralized markets comming x)

[Kemarit]

No trades for the past hour on poloniex because of "server lag." Its been happening the past few days too. Mods say they are "working on it." Lol.

Pretty sad considering the daily profit they make from fees.

The trading at poloniex is very fast as it is the biggest exchange of altcoins. and even a minute of Server lag can cause someone many dollars lost. and in an hour lag, one can be bankrupt. Poloniex needs to upgrade their servers.

As someone has said maybe they have additional traders registering that causes some lag on the servers. But I agree with you that they should upgrade or get new servers to cope up with the number of traders using their platform. Maybe they haven't anticipated this kind of traders or trading volumes in their exchanges. But this is a good thing for them because many users have been using their trading platform. But I don't think that Poloniex is causing the market to crashed, they just experience some technical issue. That all. I don't worry unless they got hacked and my funds all gone.

[HTracer]

I'd like Poloniex to provide more official news releases and info about what they are doing with these issues. So far their tweets are skimpy.

[pooya87]

I'd like Poloniex to provide more official news releases and info about what they are doing with these issues. So far their tweets are skimpy.

as long as people keep going back to their exchange and give them money with their trades and buy into their pumps they don't give a damn about what their users want or in general about user experience. because all things said and done, people will go back again and complain again and then go back again!

[iqlimasyadiqa]

I agree with you . Because an important factor of an exchange is the number of users of their services.
The more traders do the activity the greater the website exchange. All website exchange perform various ways to attract new users.

[capoeira]

Is this topic from the future? 

[findingthemoon]

This topic seems to be recurring cause Poloniex has recurring problems with their servers. I personally believe it is not malicious but it does give rise to speculation of manipulation each and every time.

[TraderBaby]

I cant believe exchanges are still trying to play games like this. Surely it would be best to focus on the long term future of the company rather than trying for quick bucks.

[joshy23]

This topic seems to be recurring cause Poloniex has recurring problems with their servers. I personally believe it is not malicious but it does give rise to speculation of manipulation each and every time.

Correct. This should have been fixed by now. Poloniex has a lot of customers and if this is a recurring issue with them, others might move to other trusted and more reliable trading platform. I also believed this is not purposely done, but you can removed speculation from people if they issue keeps coming back after they have resolved it already. They have profited enough that they have the funds to hire technical experts to help them diagnose and find a permanent solution to their problem.

[amacar2]

They can name those lags whatever they like to. They have monopoly on altcoin market because none of other trading platform have daily volume near to what polo have. Bitsquare is out there as decentralized trading platform but they are still struggling to get some userbase. We don't have choice right now, other than just waiting for polo to upgrade their server which they never do.

[findingthemoon]

This topic seems to be recurring cause Poloniex has recurring problems with their servers. I personally believe it is not malicious but it does give rise to speculation of manipulation each and every time.

Correct. This should have been fixed by now. Poloniex has a lot of customers and if this is a recurring issue with them, others might move to other trusted and more reliable trading platform. I also believed this is not purposely done, but you can removed speculation from people if they issue keeps coming back after they have resolved it already. They have profited enough that they have the funds to hire technical experts to help them diagnose and find a permanent solution to their problem.

Agreed, I think ultimately if they don't fix it they will lose a lot of customers to other exchanges and that will hurt their profits more than the possible gains they might have had from any market manipulation. I think like many exchanges before them they aren't just technically competent enough to scale up fast enough to keep up with the crypto world.

[bitcub]

I heard some rumors that Poloniex intentionally create some fake crash, to allow them to buy coins during its dump. Consider what happened to my friend, he saw a dump at 7k, a crashed happened. Then after few minutes, poloniex is back. The price becomes 8k.

[barnes13]

I heard some rumors that Poloniex intentionally create some fake crash, to allow them to buy coins during its dump. Consider what happened to my friend, he saw a dump at 7k, a crashed happened. Then after few minutes, poloniex is back. The price becomes 8k.

Some people say that but I do not think Poloniex will risk a reputation for that kind of thing, and it needs to be proof to say that it's true, Poloniex will not do that because they already get huge profits from every transaction fee trading. I think Poloniex Just did not anticipate well the growth of the user on his website, and this is quite disappointing.

[ubercool]

I heard some rumors that Poloniex intentionally create some fake crash, to allow them to buy coins during its dump. Consider what happened to my friend, he saw a dump at 7k, a crashed happened. Then after few minutes, poloniex is back. The price becomes 8k.

Some people say that but I do not think Poloniex will risk a reputation for that kind of thing, and it needs to be proof to say that it's true, Poloniex will not do that because they already get huge profits from every transaction fee trading. I think Poloniex Just did not anticipate well the growth of the user on his website, and this is quite disappointing.

Its not ethical to do so but who knows they are doing it for the profit they can get through the dumps. Poloniex is a reputed site and trustworthy so I dont think they will risk it all for some bucks. May have happened because of the large traffic they got because of the dump.

[Strongkored]

The problem in Poloniex is that they did not update quickly, this has happened a couple of times but it seems they aren't fix fast so it crashes eventually, and this can make the user annoyed and maybe re-think to use Poloniex.

[clickerz]

I am expecting a Press Release from Poloniex whether from their twitter account or on their site. Recently, I think they are the frequent target of  DDOS attack. I hope they can fix or having any mitigating plan if ever this problem arises. I always trade with Polo and I have my portfolio there, this post really caused a concern to us.

[audaciousbeing]

No trades for the past hour on poloniex because of "server lag." Its been happening the past few days too. Mods say they are "working on it." Lol.

Pretty sad considering the daily profit they make from fees.

So because they are having issues with maintenance means they are causing market to crash the smae way I tried accessing livecoin website I think yesterday then I got the notification that they are doing maintenance. Are they also causing price to crash, I doubt that. Its normal for site to face downtime and most times is for the greater good considering the fact that they are also losing money during the downtime.

[gribble]

I don't think poloniex caused the market to crash because the issue on the website (DDOS, hacking and other problem)
always be found on the internet include on poloniex, i don't think there is related between the price with poloniex down
because there are not the coins disappear and right now poloniex is fine.

[senyorito123]

Another fuds scattered? Well this one is sure one of black propaganda of greedy people who wants bitcoins price crash and poloniex is pretty fine last time i saw at them so in my though's markets for now is pretty fine since no interruption been happen on them. And those negative issue's is just a chismis and theirs no point to believe in that.

[findingthemoon]

I heard some rumors that Poloniex intentionally create some fake crash, to allow them to buy coins during its dump. Consider what happened to my friend, he saw a dump at 7k, a crashed happened. Then after few minutes, poloniex is back. The price becomes 8k.

Some people say that but I do not think Poloniex will risk a reputation for that kind of thing, and it needs to be proof to say that it's true, Poloniex will not do that because they already get huge profits from every transaction fee trading. I think Poloniex Just did not anticipate well the growth of the user on his website, and this is quite disappointing.

I agree, the amount of money they lose from customers going elsewhere though I have no stats to back it up is probably more than what they would earn by perpetuating these dumps. Additionally if any whistle blower or hacker came out with proof then they would all go to jail. Why go to jail for some hundreds of millions when they already make at current rates upwards of a billion a year?