Poloniex after 6 months shows no remorse nor guilt, Justin Sun?

[countryfree]

You don't need to dig very far to see that Poloniex is obviously being used to prop up TRX.

Don't you need a decent exchange to do that? Give it a few more months and it'll be less than nowhere.

poloniex isn't that dead. remember, they are one of the only 10 "real volume" exchanges, according to bitwise. https://twitter.com/BitwiseInvest/status/1109114665240616962

among those 10 exchanges, they have the second biggest BTC/USDT market after binance. and their BTC/USDC market is actually marginally bigger than binance.

it's a shell of its former self in terms of total market share, but it's still one of the top exchanges. even after dumping USA traders they are still doing as much volume as bitstamp.

This is why I keep on writing about them. I just can't believe there are still plenty of people using that exchange. People are nuts or just ignorant. Maybe both.

[gentlemand]

Circle have just gotten rid of their OTC service and it's been acquired by Kraken. I would've thought it was the only thing they've ever actually made money with.

https://blog.kraken.com/post/3355/kraken-otc-acquires-circle-trade/

Looks like good times are ahead. They're going to miss the boat doubly this time.

[figmentofmyass]

Circle have just gotten rid of their OTC service and it's been acquired by Kraken. I would've thought it was the only thing they've ever actually made money with.

https://blog.kraken.com/post/3355/kraken-otc-acquires-circle-trade/

Looks like good times are ahead. They're going to miss the boat doubly this time.

i hope so. this could be a contrarian signal similar to their exit from the bitcoin exchange sector in 2016, right before the last bubble.

with circle exiting the market, the november difficulty drop being the biggest since december 2018, and everybody and their grandma predicting $3k-$5ks, the contrarian in me is getting bullish!

[countryfree]

Circle have just gotten rid of their OTC service and it's been acquired by Kraken. I would've thought it was the only thing they've ever actually made money with.

https://blog.kraken.com/post/3355/kraken-otc-acquires-circle-trade/

Looks like good times are ahead. They're going to miss the boat doubly this time.

Yes, I can't understand what's Circle has been doing.
Those guys are the worst investors I know.

[gentlemand]

Yes, I can't understand what's Circle has been doing.
Those guys are the worst investors I know.

Once upon a time I had a few meetings with TV companies regarding scriptwriting. They told me that if I got one thing made that would earn me a five year window where it didn't really matter what shit I came out with. Having one thing made was enough to separate me from the contemptible hordes until I categorically proved I was absolutely goddamn useless and that was a fluke.

I get the same feeling with VC land but the time scales are much more stretched out. It seems you can burn untold billions for decades and no one will show you the door because whatever tiny flicker of early promise you demonstrated was enough to get you through the door.

In Circle's case I'm struggling to think what they've got left that might end up hitting the jackpot. I guess it's USDC so that'll be next to go. Then they'll auction their intellectual rights on here and it'll sell for 0.0000001 BSV.

[malevolent]

Yes, I can't understand what's Circle has been doing.
Those guys are the worst investors I know.

I think they just want to leave the cryptocurrency business altogether. Regulations are getting harsher and harsher, first in the US, but internationally too, with all the FATF nonsense, and lately in the EU with the AMLD5.

[gentlemand]

I think they just want to leave the cryptocurrency business altogether. Regulation are getting harsher and harsher, first in the US, but internationally too, with all the FATF nonsense, and lately in the EU with the AMLD5.

But the people who do stick it out will lord over the markets in an unassailable manner. It's their lack of vision that I find most bizarre. That's what VCs should be all about. That's why they exist.