madfox11
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May 09, 2019, 04:33:09 PM |
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Many users left this exchange do not plan to return.
It's true, poloniex has lost its leading position since 2017. All reputational risks arise when exchanges do not address the problem of low-quality service. It is a dead end.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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chocopapaya
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May 09, 2019, 04:41:32 PM |
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I'm sorry, poloniex just doesn't offer anything that other exchanges can offer.
One thing you didn't mention was how poloniex (and also all fo the older big exchanges) did terrible during the huge bull run end of 2017. Most of the centralized, fiat exchanges couldn't handle the massive amounts of trading volume. Binance ended up "winning for a very good reason, it sailed through that without any bug problems and strong customer support.
And now, we see the market shifting towards dexs. I just don't see how they will go back to poloniex. Even binance started their own dex.
Crypto was made for decentralization, so sticking with a centralized model is just too old and counterintuitive. P2P is the future, not a new interface on an old exchange.
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Dr.Osh
Legendary
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Activity: 2688
Merit: 1004
Sugars.zone | DatingFi - Earn for Posting
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May 09, 2019, 04:53:07 PM |
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Many users left this exchange do not plan to return.
It's true, poloniex has lost its leading position since 2017. All reputational risks arise when exchanges do not address the problem of low-quality service. It is a dead end. well, in this case, I also know that Poloniex has exceeded bitrrex, or even binance. it's just that since the price of bitcoin began to rise, the exchange began to dim, and people began to look for other exchanges. I hope that in the near future Poloniex will be able to be successful again.
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asbak66
Copper Member
Newbie
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Activity: 560
Merit: 0
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May 09, 2019, 05:12:26 PM |
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I don't think so about that, why customer should move their fund from their favourite exchange to poloniex again only because some new features? If the features isn't special and just average, I think people wont move their fund to poloniex and still stick on the current exchange they like.
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valek.bruno
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May 09, 2019, 05:37:50 PM |
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I think that this exchange already has quite big opportunities and therefore I don’t think that we need to talk about it as a whole. Therefore, it seems to me that now there is nothing more simple than just making money on it and buying some BTC for the future.
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thd26bct (OP)
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Activity: 300
Merit: 93
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May 09, 2019, 11:06:10 PM |
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Decentralized or centralized exchanges, which type of exchange is better for crypto investors and traders is clear, by now. It is centralized exchanges, even Vitalik Buterin supports decentralized exchanges through one of his statements months ago. Each kind of exchanges have its own pros and cons, but for now users tend to prefer centralized exchanges rather than decentralized ones. Maybe the trend will change in the future, but for not it is a period of centralized exchanges. Can you point out which decentralized exchanges currently ranked in the top exchanges, please.
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Furious 7
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May 10, 2019, 05:49:32 AM |
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Poloniex has a great history in my trading career. I learned to trade there and get some big profits. but some big issues made me move my assets to bittrex. so far I don't know whether poloniex is still safe. One time I will return.
I too experienced the same thing as you, Poloniex is a good exchange place and my favorite place. but that first, now I don't use poloniex anymore. because I prefer to trade on binance or kucoin. the reason I left Poloniex was because I had begun to doubt the security of Poloniex. it's better because doubts only make you uncomfortable. but indeed nothing is safe at this time. just look at the recent binary case, 7000 BTC was successfully stolen from binance which is the best and popular exchange at the moment. bitrex is still clean from hacking cases
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cepot9
Full Member
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Cryptocurrency addict | Invest at your own risk.
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May 10, 2019, 07:38:45 AM |
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This is good news because I like the exchange of poloniex which is easy to use and simple, but when I come back they have made an obligation to KYC this makes me sad but if they will come back with a better one it will not be a problem for KYC. Poloniex is a simple and complete exchange
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igor.vanyutin.83
Member
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Activity: 294
Merit: 10
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May 10, 2019, 07:40:12 AM |
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Poloniex is moving towards great goals, but I do not see anything that can bring it to the top. They have normal trading volumes, not so much trading pairs, no margin trading and were sold not so long time ago.
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Bitfling
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May 10, 2019, 08:11:00 AM |
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This is good news because I like the exchange of poloniex which is easy to use and simple, but when I come back they have made an obligation to KYC this makes me sad but if they will come back with a better one it will not be a problem for KYC. Poloniex is a simple and complete exchange
I think KYC already common in many exchangers because exchangers should comply with government regulation. Exchangers like Poloniex trusted by investor because their reputation and recently, Poloniex accepted by US Regulator and i think its good news for Poloniex.
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Kpelumo
Newbie
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May 10, 2019, 10:13:08 AM |
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If I were in the Poloniex team, I'd make a new and powerful image change. Then I would try to create a hype with a big advertising campaign.
Some team members do not k ow what it requires to build a project. Set it up right, go into good publicity, marketing and the project will be hyped thereby bringing more investors
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dEjAvOU
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Merit: 11
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May 10, 2019, 10:25:09 AM |
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Poloniex is moving towards great goals, but I do not see anything that can bring it to the top. They have normal trading volumes, not so much trading pairs, no margin trading and were sold not so long time ago.
I hope their plan can be successful, I think the mistake of Poloniex is that it's too slow to accept new coins or tokens so they are left behind by devs, investors and traders.
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Iyanu14
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Activity: 795
Merit: 10
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May 10, 2019, 04:30:56 PM |
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poloniex era has gone, i am skeptical the exchange will ever rise from the pit again, they had the chance to remain at the top before the emerge of binance, it will be a miracle or a total reformation and good marketing for poloniex to be great again.
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Whosdaddy
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May 11, 2019, 09:16:40 AM |
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I hope they really get themselves back to the top list again, cause this time around there are lots of people who no longer have interest in them, some of their traders that they have wronged due to their bad services in the past when the platform was turning to something else, and all these people have moved to other exchanges they believe are better and getting them to come back to their old trading platform is going to be a problem cause they no longer have nay interests there.
Unless there will be something very unique that will attract them back again. Let's see what happens, I know they working for sure, it's not easy to manage an exchanges, it's a difficult job to do.
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rijaljun
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May 11, 2019, 09:28:39 AM |
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They can't do that for once again. People who have ever got problem there, would not waste their time to use that platform while they are a lot of high reputable exchanges already. No chance for Poloniex to be the best again.
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Quantum907
Member
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Activity: 644
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May 11, 2019, 10:02:10 AM |
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They can't do that for once again. People who have ever got problem there, would not waste their time to use that platform while they are a lot of high reputable exchanges already. No chance for Poloniex to be the best again.
I hope they are serious about improving everything, if they make it difficult for users again as before, then it is certain they will die soon, too many great exchanges.
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Thank you
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thd26bct (OP)
Member
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Activity: 300
Merit: 93
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May 14, 2019, 04:44:04 PM |
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Have you ever use the BTC price Alert with Poloniex app? If not, you should give it a try, since today, especially during bull run of Bitcoin. Price moves up so fast, so it actually requires price alert to keep you updated with price movements, if you don't have time to keep watching price chart, and stay in front of computer screen most of your daily time. The exchange also finished their maintenance with Stellar wallet hours ago, that results in nearly instant deposits and less than one-minute withdrawals. That's amazing maintenance, and there are more features coming with Stellar (as Poloniex disclosed with their Tweet). Source: https://twitter.com/Poloniex/status/1128284330202103808https://twitter.com/Poloniex/status/1128000001274048514
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pey
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Free Crypto in Stake.com Telegram t.me/StakeCasino
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May 14, 2019, 04:51:30 PM |
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Poloniex has always been a regulated exchange with a clear history maybe because it is us based. It is still one of the best exchanges to me. Other exchanges are just more popular not better.
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thd26bct (OP)
Member
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Activity: 300
Merit: 93
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May 14, 2019, 05:35:12 PM |
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More popular exchanges usually are better exchanges. Better in different things, their volume, their supports, their compensation for users in worst cases, and their user experience on their sites. However, big exchanges can also be broken and won't be able to come back. Who knows, so be careful all the time is important, and should not totally depend on exchanges with all of our funds.
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AUruHM
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May 14, 2019, 05:46:49 PM |
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No doubts Poloniex was one of the greatest exchanges. And I began on it. But I went off after some strange account's blocks. And now Poloniex can dream only about liquidity that was in early 2017. Without volumes and solid steps, it has no chances. Mobile apps don't solve this. Too late
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