I hope you get all your funds off of Polo asap if you have anything there.
The continued longstanding issues like this with Poloniex have continued. I don't want to hear about them having scaling issues with their staff or equipment, due to increased customer base and volume any more, that is the buzzword of the last 2 years.
That is WEAK.
I don't want to hear about " Don't leave your coins on an unregulated, centralized exchange where you don't control your keys" etc.
That is WEAK.
--
1/ There are a ton of new people coming to crypto daily, who are new to this, like we ALL were, when we started.
-- Who's looking out for them???
2/ Why should we be punished or shamed, when trying to move coins to an exchange for a brief period, to actually EXCHANGE them? That's right in the company name/profile right? Poloniex is still an exchange, right?
3/ When we go to make a deposit, and it DOES NOT SHOW up, how is that our fault, especially waiting for 1/2/3 weeks and you cannot get a response from them, or open a ticket????
4/ Related obviously, -- How do you exchange coins that NEVER SHOW UP when you deposit them??
These are not occasional glitches, or anomalies. This crap has become their hallmark.
This has been happening day after day, week after week for MONTHS now and you know it-- you see the posts online about this too.
Companies are labelled as incompetent when this much trust is lost once en masse, let alone month after month after month.
Most of us are reasonable, and know mistakes/glitches happen.
-- This is NOT that.
What to do? Solutions?
Short Term:
Do we rise up, move all our coins off there, and completely boycott them and reduce their liquidity, and thus their business to send them a message?
Do we start one official movement / hashtag / petition to circulate globally and put the pressure on them?
The Rise of the Truly Decentralized Exchange:
Long Term:
The Bitshares / Open Ledger / TradeQwik ( @tradeqwik ) exchanges / communities etc. offer better long term solutions obviously - but the liquidity / volume is low, and have a lack of coins, so we are in a catch-22 holding pattern, stuck in the middle as customers.... as usual.
Most every other exchange does not have any of these issues and certainly a lot less of them!!
If these smaller exchanges can function, and scale, then WTF is going on with Poloniex, the biggest in the world, with the most coins, the most liquidity and the most gross income from a corporate perspective every month?????
In brief, here are the facts, not just my opinions on Poor-Service Polo:
They make a TON of money. They are the biggest exchange in the world and have been for some time, grabbing chunks of millions of dollars of trades every week.
--
This Crypto Gold Rush and Boom -- has not happened overnight. It has been quick, but you know what??? Everyone in this space saw the increases in accounts opened, trade volume, coin values, month over month over month the last 6/12/18 months and NOBODY can argue that simple point.
If they did not improve their equipment and service and staff levels, that is NOT our fault as customers, that is on POLONIEX, period -- full stop.
If they were in a regular (read: more regulated space) -- they would be sued for wilful non or malfeasance - meaning refusal to provide meaningful, adequate levels of service.
--
They remove the Troll Box staff, saying they will be dedicated to customer service -- well, the C/S still sucks. That was what? - nearly 3 mths ago now?
They refuse to answer support tickets -- heck, at times you cannot even login or sign in to friggin open one -- which is super sketchy! I have seen likely hundreds of comments, posts, replies, tweets, facebook status posts/replies, saying the same 2 things month.... after month..... after month.
How hard is it for them to hire 2? 3? 5? more staff making fistfulls of cash every day, and upgrade a couple pieces of equipment or servers or lines maybe once a month???
They constantly shut down people's wallets or specific ones without notice, and for extended periods.
Some of them continue to be among the biggest crypto currencies traded in terms of volume or dollars, like the Ethereum and BitShares wallets, 2 coins constantly in the top 5/10 currencies every.... friggin....day.
The 2 STEEM currencies are just another example of extended outages with no good reason, no notice and no assistance.
My recent past posts warning new/older Steemians & Crypto folks:
Sneaky Poloniex timestamped all the deposits making it look like they have been there all along, using the date of OUR deposit on the customer end. Not the date they showed up.
I do not have a ton of money laying around, but that $500 lost in limbo cost me literally at least 20% on my money, gains from alts or BTC I need in my life and around $300 USD on the SBD losses as the currency dropped as they held my deposit:
Poloniex cost me ~ $400 USD during this time with 2 obvious co factors:
During the time it was down, and never showed up, I not only lost the opportunity to earn passive income trading those coins for others for those gains with the alt coins, I also deposited it 3 weeks ago when SBD was trading WAYYYYY up around the $1.50 USD range and now it is way down at the $1 USD peg/mark.
Tangibly and realistically being small c conservative here being a numbers guy, Poloniex cost me ~ $400 USD based on the recent performance of my crypto trading decisions, stacking coins, and market making decisions.
Thanks for reading, have a nice day.
If you liked this blog post - please Resteem it and share good content with others!
Some of my recent blogs:
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--
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
I hope you get all your funds off of Polo asap if you have anything there.
The continued longstanding issues like this with Poloniex have continued. I don't want to hear about them having scaling issues with their staff or equipment, due to increased customer base and volume any more, that is the buzzword of the last 2 years.
That is WEAK.
I don't want to hear about " Don't leave your coins on an unregulated, centralized exchange where you don't control your keys" etc.
That is WEAK.
--
1/ There are a ton of new people coming to crypto daily, who are new to this, like we ALL were, when we started.
-- Who's looking out for them???
2/ Why should we be punished or shamed, when trying to move coins to an exchange for a brief period, to actually EXCHANGE them? That's right in the company name/profile right? Poloniex is still an exchange, right?
3/ When we go to make a deposit, and it DOES NOT SHOW up, how is that our fault, especially waiting for 1/2/3 weeks and you cannot get a response from them, or open a ticket????
4/ Related obviously, -- How do you exchange coins that NEVER SHOW UP when you deposit them??
These are not occasional glitches, or anomalies. This crap has become their hallmark.
This has been happening day after day, week after week for MONTHS now and you know it-- you see the posts online about this too.
Companies are labelled as incompetent when this much trust is lost once en masse, let alone month after month after month.
Most of us are reasonable, and know mistakes/glitches happen.
-- This is NOT that.
What to do? Solutions?
Short Term:
Do we rise up, move all our coins off there, and completely boycott them and reduce their liquidity, and thus their business to send them a message?
Do we start one official movement / hashtag / petition to circulate globally and put the pressure on them?
The Rise of the Truly Decentralized Exchange:
Long Term:
The Bitshares / Open Ledger / TradeQwik ( @tradeqwik ) exchanges / communities etc. offer better long term solutions obviously - but the liquidity / volume is low, and have a lack of coins, so we are in a catch-22 holding pattern, stuck in the middle as customers.... as usual.
Most every other exchange does not have any of these issues and certainly a lot less of them!!
If these smaller exchanges can function, and scale, then WTF is going on with Poloniex, the biggest in the world, with the most coins, the most liquidity and the most gross income from a corporate perspective every month?????
In brief, here are the facts, not just my opinions on Poor-Service Polo:
They make a TON of money. They are the biggest exchange in the world and have been for some time, grabbing chunks of millions of dollars of trades every week.
--
This Crypto Gold Rush and Boom -- has not happened overnight. It has been quick, but you know what??? Everyone in this space saw the increases in accounts opened, trade volume, coin values, month over month over month the last 6/12/18 months and NOBODY can argue that simple point.
If they did not improve their equipment and service and staff levels, that is NOT our fault as customers, that is on POLONIEX, period -- full stop.
If they were in a regular (read: more regulated space) -- they would be sued for wilful non or malfeasance - meaning refusal to provide meaningful, adequate levels of service.
--
They remove the Troll Box staff, saying they will be dedicated to customer service -- well, the C/S still sucks. That was what? - nearly 3 mths ago now?
They refuse to answer support tickets -- heck, at times you cannot even login or sign in to friggin open one -- which is super sketchy! I have seen likely hundreds of comments, posts, replies, tweets, facebook status posts/replies, saying the same 2 things month.... after month..... after month.
How hard is it for them to hire 2? 3? 5? more staff making fistfulls of cash every day, and upgrade a couple pieces of equipment or servers or lines maybe once a month???
They constantly shut down people's wallets or specific ones without notice, and for extended periods.
Some of them continue to be among the biggest crypto currencies traded in terms of volume or dollars, like the Ethereum and BitShares wallets, 2 coins constantly in the top 5/10 currencies every.... friggin....day.
The 2 STEEM currencies are just another example of extended outages with no good reason, no notice and no assistance.
My recent past posts warning new/older Steemians & Crypto folks:
Sneaky Poloniex timestamped all the deposits making it look like they have been there all along, using the date of OUR deposit on the customer end. Not the date they showed up.
I do not have a ton of money laying around, but that $500 lost in limbo cost me literally at least 20% on my money, gains from alts or BTC I need in my life and around $300 USD on the SBD losses as the currency dropped as they held my deposit:
Poloniex cost me ~ $400 USD during this time with 2 obvious co factors:
During the time it was down, and never showed up, I not only lost the opportunity to earn passive income trading those coins for others for those gains with the alt coins, I also deposited it 3 weeks ago when SBD was trading WAYYYYY up around the $1.50 USD range and now it is way down at the $1 USD peg/mark.
Tangibly and realistically being small c conservative here being a numbers guy, Poloniex cost me ~ $400 USD based on the recent performance of my crypto trading decisions, stacking coins, and market making decisions.
Thanks for reading, have a nice day.
If you liked this blog post - please Resteem it and share good content with others!
Some of my recent blogs:
--
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
--
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL