[XMR] Monero Speculation

[CTTE]

Honestly I'm surprised that Poloniex has not been having MORE problems over the last couple months of this AltCoinCrazyTime situation  

Considering how much they're probably getting slammed on so many levels they're actually doing remarkably well.

Surprised that at least one other decent "Polo Alternative" site has not popped up yet either... I know there's other exchanges but really nothing with quite the same depth and traffic etc that Polo gets.  

Seems like they should've gotten at least one other decent competitor by now, don't ya think?  Or maybe the whole "Alt Coins Are Serious Business" thing has not really sunk in yet, with too many of the BTC Maximalists out there...?

I am with you on the 'doing remarkably well' front - until this last spike in altcoins taking up the market cap of alts by a huge multi-billion $ amount at the same time as Bitcoin has powered up, they were doing way less.  

To expand to the point where a large slice of the all the BTC traded daily is via Polo, to trade in and out of alts, must be difficult to keep up with. Along with every malevolent fucker out there messing with them (to either manipulate the market or attempt to hack them) can't help.

Sure - I will curse them if they mess up, but really - I wouldn't want their 24/7/365 relentless problems to deal with, and Busoni has really cracked it way beyond what he could have imagined.

Competitors have just not been as savvy; Bittrex was there way before and Polo has overtaken it by miles.  Compete with them?  Pretty hard to even think of trying, how would anyone get even close (unless Polo doesn't deal with their issues).

My bet is they'll deal with it - they can afford to, it's just implementing it and phasing it in while every day must bring new chaos.  It's not like they can shut down for a week and and upgrade their servers easily.

It's 24/7 trading in the biggest growing market out there.   And (despite recent capacity and DDOS issues) they haven't really fucked up and not dealt with it honourably and fast.

Where would Monero have been without Polo's early adoption, after all.

I am not saying any exchange is safe to trust your money with, but Polo looks like one of the good guys and is facilitating a growth we have never seen before in Crypto.

I think we might want to give them the benefit of the doubt.

Everybody thinks all you need to do is add more or faster servers but the truth is that unless the system is architected correctly, the site may or may not have just run into a wall that they can't deal with by adding capacity.  Systems have to be designed from the start to scale up and out appropriately...

"Performance is not an addon!" 

Hopefully, they saw this coming and have been working on a longer term solution and maybe we'll get a new trading app out of this.  What would be nice is if they could build a native app to use that would have a few more features and would hopefully be a bit faster and more responsive than something running in the browser. 

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[Millionero]

God polo sucks.  Same old line, give support time to work on it.  So full of s#!+  Meanwhile my 800 xmr still stuck in limbo.
I tried to find some information on polo, a corporate address or something.

went to this website
https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspx
and typed in poloniex where it says entity name

it gives an address for the registered agent
VCORP Services LLC
1013 CENTRE ROAD SUITE 403-B
Wilmington DE 19805

It looks like you can contact the registered agent by mail.  No address for poloniex itself.

There's a notice that says
Additional Information is available for a fee. You can retrieve Status for a fee of $10.00 or
more detailed information including current franchise tax assessment, current filing history
and more for a fee of $20.00.
None of which looks like it will help a pissed off customer who wants to get satisfaction.

[smooth]

None of which looks like it will help a pissed off customer who wants to get satisfaction.

"Pissed off" no, but if you are going to file a law suit, that information is sufficient.

[Millionero]

Then there's this

https://www.ftc.gov/faq/consumer-protection/submit-consumer-complaint-ftc

Just now a guy in the trollbox said he's been waiting 9 days to withdraw, no help on his ticket.  They answered it once several days ago.
Know what the mod said?
Give support 96 hours instead of the usual 48.
This after a nine day wait.
So another five days makes two weeks.  And then... more nothing, probably.

[owlcatz]

Not sure if polo is just having serious technical issues (my guess based on 20 years of IT work?) but either way, it's no secret who owns poloniex and he's quite well known afaict.

https://bitcointalk.org/index.php?topic=1168562.0

https://www.linkedin.com/in/tristandagosta

[Hueristic]

Since we're speculating on polo and I'm a tin foiler..my take is that some accounts may have dubious transactions and polo is being helpful to investigators and those that hold those accounts may not have legal recourse. Of course my speculations are never true.

[smooth]

"Pissed off" no

You're not, but I am.

You misunderstood. I wasn't saying I'm not pissed off. I've actually been pissed off at Poloniex for some time now.

My point was that that they provide insufficient accessibility to be able to connect with pissed off customers (and hopefully remedy the situation), short of a law suit. If they keep it up this way, one or more law suits is an inevitability.

[cryptimus prime]

I had some small withdrawal issues, but those were resolved fast. I could withdraw again just with some delays. Seems their infrastructure is overloaded and somebody uses their situation to spread panic. The criticism against Polo is justified, but I think they are safe and this will calm down in the next days.

[hoertest]

just withdrew 500 xmr in a matter of minutes

[Globb0]

Their support was slow and painful when I needed them. But they got there in the end.

[vaddi]

Not sure if polo is just having serious technical issues (my guess based on 20 years of IT work?) but either way, it's no secret who owns poloniex and he's quite well known afaict.

https://bitcointalk.org/index.php?topic=1168562.0

https://www.linkedin.com/in/tristandagosta

if you look at the 24h volumes in bitcoin at the bottom of the Poloniex website, you can easily calculate that they make about 1 million $ in fees every day. one should think they had enough money to get their technical issues in order..

but the discussion is getting a bit off topic.. do you think xmr will be up to 0.02 btc soon?

[explorer]

Not sure if polo is just having serious technical issues (my guess based on 20 years of IT work?) but either way, it's no secret who owns poloniex and he's quite well known afaict.

https://bitcointalk.org/index.php?topic=1168562.0

https://www.linkedin.com/in/tristandagosta

if you look at the 24h volumes in bitcoin at the bottom of the Poloniex website, you can easily calculate that they make about 1 million $ in fees every day. one should think they had enough money to get their technical issues in order..

but the discussion is getting a bit off topic.. do you think xmr will be up to 0.02 btc soon?

If you mean Soon^TM  then yes.  Sooner, or later, maybe sooner than later, but Soon^TM.

[Febo]

Since we're speculating on polo and I'm a tin foiler..my take is that some accounts may have dubious transactions and polo is being helpful to investigators and those that hold those accounts may not have legal recourse. Of course my speculations are never true.

Is their fault since they dont use Monero. With Monero there are no dubious transactions since all Moneros are same.


Now almost my every 3rd post on this forum is saying that I dont have any problems with Poloniex    Since I dont and i know that those that dont will not post about it, but only the ones that have problems.

But if you dont daytrade is stupid to hold any crypto on any exchange!!

[Hueristic]

Looks like my buy is going to get filled soon if price continues in this direction.

[KeyJockey]

Looks like my buy is going to get filled soon if price continues in this direction.

As I noted above, it's getting into my 0.015's "concern zone" again BUT -- at the same time -- we're still $28+ which is closer to $30 than $20

So?

"There Will Be Growth In The Spring" and "As Long As The Roots Are Not Severed, All Is Well. And All Will Be Well In The Garden."

[Majormax]

Since we're speculating on polo and I'm a tin foiler..my take is that some accounts may have dubious transactions and polo is being helpful to investigators and those that hold those accounts may not have legal recourse. Of course my speculations are never true.

Is their fault since they dont use Monero. With Monero there are no dubious transactions since all Moneros are same.


Now almost my every 3rd post on this forum is saying that I dont have any problems with Poloniex    Since I dont and i know that those that dont will not post about it, but only the ones that have problems.

But if you dont daytrade is stupid to hold any crypto on any exchange!!

I see no problems with Polo.

However this is a dangerous 'late stage' speculative bubble, and caution would be wise.

As in the last 2 crypto bubbles, lots of ppl are making vast amounts of 'easy money' , but many will lose heavily, in unexpected ways, when the 'unknowns' hit, which they inevitably will.

[Majormax]

Looks like my buy is going to get filled soon if price continues in this direction.

As I noted above, it's getting into my 0.015's "concern zone" again BUT -- at the same time -- we're still $28+ which is closer to $30 than $20

So?

"There Will Be Growth In The Spring" and "As Long As The Roots Are Not Severed, All Is Well. And All Will Be Well In The Garden."

Peter Sellers, LOL. 

Only fiction, how could there possibly be a US President as Dumb/Genius as that ?

[guesswho1234]

xmr / usdt volume on polo so low because of lag issues or whats up with that?

[Zegra]

Poloniex has problems these days, Tether is a bit controversial lately. Probably combo of those two. Also, volume on XMR is usually lower after it has moved up, fading away little by little, until it gets boosted again.

[ArticMine]

A fair amount of XMR volume has moved away from Poloniex. https://coinmarketcap.com/currencies/monero/#markets