Poloniex.com is a scam

[nolimitnp]

Google Poloniex lawsuit. Tons of insider trading, bots, other unfair practices. They're robbing us blind. Remember there are no regulations on these exchanges, so ignore this warning at your own risk. 

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[tokyoghetto]

Decentralized exchanges are the solution.

Poloniex has too much influence on the value of altcoins. First they list coins, then pump them. After they dump coins, then delist them.

Plus they get attacked anytime coins pump too hard.

[JeffBrad12]

Google Poloniex lawsuit. Tons of insider trading, bots, other unfair practices. They're robbing us blind. Remember there are no regulations on these exchanges, so ignore this warning at your own risk. 

But every user already agreed with the risk. There is no regulation on polo, and insurance to give a guarantee for the users.
If you play on polo it seems like you're playing in the grey area. Too many unfair practices in polo. The possibility of polo will be turned to the scam site is always be there. This time all of the transaction gets blocked by him.
His DDOS looks very odd in my mind. We are doing a trade at our own risk.

[3x2]

One thing more, they are taking weeks and weeks to give Level 2 verification so you are stuck with them, worse than banks. i am expecting mtgox like story from them...

[s1gs3gv]

Sorry all you polo haters but i kinda like them. They seem competent at the technology side of things and provide a valuable service to the community, even if it does pay them well

After all, how many of these outfits have bit the dust in the last few years, often taking your coin with them ?

[TreasureSeeker]

Although Poloniex did experience a hack in March 2014, they reimbursed customers' money lost in the hack. http://www.coindesk.com/poloniex-claims-customers-repaid-following-march-bitcoin-hack/
https://www.reddit.com/r/ethtrader/comments/4wzdwi/poloniex_hack_does_anyone_remember/

I fully respect Poloniex for this.  It certainly isn't the act of a "scam" site.  

Yes, I've read about some people finding the site freezes every now and then but I expect this is due to site overload at extremely busy times, or as I've just read a DDoS attack, rather than any malicous intent by Poloniex, and hope Polo can implement fixes to minimise or eliminate such freezes.

[thebatletbet]

Decentralized exchanges are the solution.

Poloniex has too much influence on the value of altcoins. First they list coins, then pump them. After they dump coins, then delist them.

Plus they get attacked anytime coins pump too hard.

poloniex not extreme youre write, because added coin to poloniex is very dificult
maybe youre write is same in yobit, in there is easy added coin, after listing, pump and dump until one satoshi and without pending order buy again

[mining1]

I like polo for the trollbox. I don't trade there tho.

[BitcoinEXpress]

I'm not worried as it looks like BigVern is going to lend his expertise in helping them work it out!


~BCX~

[emezh10]

Sorry all you polo haters but i kinda like them. They seem competent at the technology side of things and provide a valuable service to the community, even if it does pay them well

After all, how many of these outfits have bit the dust in the last few years, often taking your coin with them ?

Agree poloniex is still a great site considering the high fees and all problems you encounter in verification,buying and selling coins we know that poloniex is consistently paying these days and i dont really get a problem maybe a little bit of laggy and some errors. Poloniex is really affecting the value of the altcoins we need to decentralized but we can still use poloniex and we know and they have good service.

[jjacob]

Poloniex has the volumes. Unless you have a credible alternative and enough people migrate, poloniex is going to dictate rules and we have no choice but to follow them.
Decentralized exchanges have not really taken off until now.

[nikkisnowe]

Poloniex haters a simply a bunch of losers that had their first taste of how day trading is a losing proposition.  The trick is getting out before the dump.  Suddenly these idiots have found out how hard that is.  News Flash: When everyone else is dumping their shit coins, access to the system bogs down in order to do the same.  Let me guess what happened.  
     1. Joe Schmuck is in some shit coin scam like stellar or ripple.  
     2. Bottom begins to drop out.  
     3.  Joe tries to sell but with everyone else hitting poloniex it takes longer than normal as price falls.  
     4.  Joe chases the falling price until a sale order finally goes through.  
     5.  Woops, now there's a dead cat bounce and Joe's FOMO kicks in and he buys back in.  
     6.  Look out below, by the time he and everyone else realize it's a dead cat bounce, everyone begins chasing the fall again losing even more money.

That's not a problem with the trading platform, that's how being on the shitty end of day trading works.  Sucks to be you.

[Omega Weapon]

Google Poloniex lawsuit. Tons of insider trading, bots, other unfair practices. They're robbing us blind. Remember there are no regulations on these exchanges, so ignore this warning at your own risk. 

It will be nice that instead of just your word you offered proof or evidence about it if you have any, in this forum without that no one will take you very seriously, besides it is not like you need to open an account with them you could always use another exchange or forget about trading.

[CryptoMensch]

I am more afraid with Polo's stability it had some issue and all the alt dropped. When they delist a coin and if you are lucky and don't hold any amount of it you can buy the decent ones really cheap

[mobnepal]

Can't claim they are just scam but they are actually making millions out of traders pocket during so called DDOS attack whenever there is big movements on market. Also they have listed Gnosis out of nowhere and i think they are one of the investors behind that project.

[Hypocritus]

But every user already agreed with the risk. There is no regulation on polo, and insurance to give a guarantee for the users.
If you play on polo it seems like you're playing in the grey area. Too many unfair practices in polo. The possibility of polo will be turned to the scam site is always be there. This time all of the transaction gets blocked by him.
His DDOS looks very odd in my mind. We are doing a trade at our own risk.

I don't know what you are talking about. I didn't agree to any of this risk. I trusted them, and rightly so. I like what they provide, but LOTS of problems the last several weeks, and especially the last few days.

Poloniex is an American company, located in Wilmington, DE, and expressly regulated by the CFTC. They have been very vocal about being regulated by it.

That is not to say that magic curing of everyone's Polo issues will happen by tomorrow, but the company is UStateside, and regulated to some degree, and that is good for Americans, at least. (World Citizens from other countries, I speak not against you!!)

[Hypocritus]

Guys, check your Polo accounts now. My huge 3-day-old FLDC deposit is finally posting.

[magneto]

Google Poloniex lawsuit. Tons of insider trading, bots, other unfair practices. They're robbing us blind. Remember there are no regulations on these exchanges, so ignore this warning at your own risk.  

Insider trading is definitely going to be a big problem with poloniex and I do think that at least some of their employees have at least taken advantage because they are the ones that gets notified, whether they have a bad intent or not, which coins will be listed and which ones will be delisted soon, because they are the ones carrying out the actual procedure.

And obviously when poloniex lists a coin, the coin absolutely skyrockets. When it is delisted, then they go down in value as if the developer suddenly died. They just have a lot of influence over the altcoin market in general.

Guys, check your Polo accounts now. My huge 3-day-old FLDC deposit is finally posting.

Great

[Spoetnik]

I'm not worried as it looks like BigVern is going to lend his expertise in helping them work it out!


~BCX~

Interesting.

Vern's on the case guys relax & stay calm !

Polo ? Insider trading ? manipulation ? yeah probably.. what's new ?
I bet they all do though.. 

[BitcoinEXpress]

@Spoetnik

The sad part is that 95% of these newbie Alt Experts haven't been around here long enough to even know who BigVern is LOL



~BCX~