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CoinHoarder
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In Cryptocoins I Trust
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May 16, 2017, 12:54:27 PM |
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They may be utilizing cold wallets. That doesn't necessarily indicate insolvency. Also, that address holds only their Bitcoins whereas most trading volume on Polo is in ALT coins. I stopped using Polo though for a different reason, because I got tired of them always putting hour(s) long holds on my withdrawls.
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Red-Apple
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May 16, 2017, 02:53:36 PM |
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i agree with what CoinHoarder said, it is most probably in their cold storage and also walletexplorer doesn't show all their addresses. that site is good but it is far from a perfect tool (actually intentionally not good enough to force you to use their paid service). besides poloniex people are pump and dumpers themselves. they don't live on fees! they make a shidload of money by pumping altcoins then disabling trades (fake DDoS) and dumping on their users or dumping in usual manners. so the money they make is ridiculous.
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--signature space for rent; sent PM--
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thejaytiesto
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May 16, 2017, 03:11:35 PM |
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Cold wallets are expected by any competent exchange, so I guess that explains it. Anybody could look at that data and derive those conclusions.
I think they are just having problems due tons of new people coming to crypto and not managing the servers properly. They need to wake the fuck up tho, but to be honest, I don't feel any safer going to bittrex.
Having BTC in exchanges is a ridiculous risk no matter what, but I dont see any other way to take advantage of price swings but to have some BTC on the exchanges.
They should be making a lot of money to expand servers, my fear is that they have fucked up with margin trading and they may indeed be insolvent...
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bbc.reporter
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May 17, 2017, 01:49:58 AM |
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They may be utilizing cold wallets. That doesn't necessarily indicate insolvency. Also, that address holds only their Bitcoins whereas most trading volume on Polo is in ALT coins. I stopped using Polo though for a different reason, because I got tired of them always putting hour(s) long holds on my withdrawls. Hours long holds on withdrawals is a warning sign for me to start moving your coins out of the exchange. What reason do they have to start holding our withdrawals for that long? Poloniex is also attested as very slow and lags in situations of very high trading volumes. Many traders are already losing money by using that exchange for the last 2 weeks.
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| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
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██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
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Shiroslullaby
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May 17, 2017, 01:57:26 AM |
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They probably do need more bandwidth and some server upgrades. It would be interesting to see info on the number of users/ trades a day they are handling compared to this time last year. So many new people are getting into crypto trading, they might have double the users they did in 2016.
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European Central Bank
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May 17, 2017, 02:13:41 AM |
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Growing pains more than insolvency I think. But having so much concentrated in one place makes me uncomfortable. If poloniex really did fail the consequences would be seriously ugly.
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B1tUnl0ck3r
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liife threw a tempest at you? be a coconut !
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May 17, 2017, 10:29:23 AM |
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They may be utilizing cold wallets. That doesn't necessarily indicate insolvency. Also, that address holds only their Bitcoins whereas most trading volume on Polo is in ALT coins. I stopped using Polo though for a different reason, because I got tired of them always putting hour(s) long holds on my withdrawls. Hours long holds on withdrawals is a warning sign for me to start moving your coins out of the exchange. What reason do they have to start holding our withdrawals for that long? Poloniex is also attested as very slow and lags in situations of very high trading volumes. Many traders are already losing money by using that exchange for the last 2 weeks. That and the ban hammer joke... Furthermore there are all their insider games like with pascalcoin. And why can't they add PIVX? this last one is the strangest... Maybe a pascalplay (they wait to have loaded enough before adding it?).
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When the people of the world will get that covid was intentionally released to frame china, steal the election from trump, assure massive bail outs and foster the forced vaccination agendas...they will forget, like 911, wmds in irak, uss liberty or pedogate.
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puthre
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May 17, 2017, 12:37:56 PM |
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So how is possible that POLONIEX trade 300.000 BTC a day and has only 4700 BTC on his wallet?
The same way I've traded 12.7 BTC this month with only 0.22 BTC in my wallet. The same money are traded back and forth between cryptocoins.
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B1tUnl0ck3r
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liife threw a tempest at you? be a coconut !
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May 17, 2017, 12:39:04 PM |
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So how is possible that POLONIEX trade 300.000 BTC a day and has only 4700 BTC on his wallet?
The same way I've traded 12.7 BTC this month with only 0.22 BTC in my wallet. The same money are traded back and forth between cryptocoins. maybe alts .
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When the people of the world will get that covid was intentionally released to frame china, steal the election from trump, assure massive bail outs and foster the forced vaccination agendas...they will forget, like 911, wmds in irak, uss liberty or pedogate.
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puthre
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May 17, 2017, 12:49:08 PM |
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maybe alts . Same thing.
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B1tUnl0ck3r
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liife threw a tempest at you? be a coconut !
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May 17, 2017, 12:54:08 PM |
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maybe alts . Same thing. exactly .
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When the people of the world will get that covid was intentionally released to frame china, steal the election from trump, assure massive bail outs and foster the forced vaccination agendas...they will forget, like 911, wmds in irak, uss liberty or pedogate.
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Cart
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May 17, 2017, 12:55:14 PM |
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I have issues getting money off poloniex, it keeps getting stuck in the withdrawal process. I feel a bit uneasy about this...
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B1tUnl0ck3r
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liife threw a tempest at you? be a coconut !
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May 17, 2017, 01:11:33 PM |
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I have issues getting money off poloniex, it keeps getting stuck in the withdrawal process. I feel a bit uneasy about this...
check the service discussion section... seems to be widespread.
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When the people of the world will get that covid was intentionally released to frame china, steal the election from trump, assure massive bail outs and foster the forced vaccination agendas...they will forget, like 911, wmds in irak, uss liberty or pedogate.
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shanem
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May 17, 2017, 01:22:27 PM |
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I am not sure why poloniex keeps experiencing heavy lags every day. I know users in poloniex have increased a lot but there is no excuse in having heavy lags every day. It is disruptive to the users which may encourage users to switch to another exchange instead.
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shaninium
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May 17, 2017, 01:54:55 PM |
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Its the perfect excuse , their servers are crazy busy , they prob cant upgrade them cause theyd lose to much profit from possible downtime. Its like anything online , just trade less popular coins and think ahead cause busy coins have the worse lag.
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bbc.reporter
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May 18, 2017, 01:35:02 AM |
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They probably do need more bandwidth and some server upgrades. It would be interesting to see info on the number of users/ trades a day they are handling compared to this time last year. So many new people are getting into crypto trading, they might have double the users they did in 2016.
What they need is a platform upgrade. Lags have already been happening in the exchange everytime there is extra high traffic. The promise that they will fix it but until now it has not been done. The platform itself might be substandard.
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| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
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JapieAmerika
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May 18, 2017, 09:46:31 AM |
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What other options are there for newbies? I burned my fingers with Yobit, but so far I have had a relatively good experience with Poloniex, except for lags and sometimes I cannot cancel orders.
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NeuroticFish
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Looking for campaign manager? Contact icopress!
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May 18, 2017, 09:56:44 AM |
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So how is possible that POLONIEX trade 300.000 BTC a day and has only 4700 BTC on his wallet?
OP, please delete, lock, or throw this thread into oblivion. Even if I don't like much Polo lately and it may have troubles, your theory is completely wrong. 1. Trading doesn't mean buying. It can be traded in any direction. 2. Trading on Bitcoin market means the sum of bitcoin and altcoin trades. And, although it would be useless (see point 1) you didn't add the altcoin wallets to the sum. 3. You totally missed the cold wallets which any smart exchange would use on a large scale. So again, bury this thread, you just scare the less experienced people away from trading.
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Deluzi
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May 18, 2017, 10:03:46 AM |
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I am not sure why poloniex keeps experiencing heavy lags every day. I know users in poloniex have increased a lot but there is no excuse in having heavy lags every day. It is disruptive to the users which may encourage users to switch to another exchange instead.
Overloaded site. Too many ppl started using cryptocurencies, and every day there is even more... Poloniex can't keep up. Maybe in time, but still, there is much more people that will come, so they will have to limit the players on their site, or get a bigger team, to keep up with the needs/demands.
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