It's now 7 days since I made a deposit to @poloniex and they have not yet credited the money to my account on the exchange. I'm not the only one who's been waiting for this long. In fact, there are others who have been waiting for more than 3 weeks now! When I made a transfer to them, the price of STEEM was about 0.89 SBD at poloniex and in the internal market, it was about 1.05 SBD. Right now, the price of STEEM in the internal market is about 1.61 SBD while at poloniex, it's about 1.28 SBD!
Can you imagine how much people have lost in the exchange because of this so-called "technical issue"? I myself wanted to sell SBD and buy STEEM. Everybody else did. But is it possible that @poloniex disabled it so they can trade with OUR money and meet the demand for STEEM while suppressing the price of SBD? I'm a developer myself and there is absolutely no way it's going to take someone THIS long to fix a technical issue with something that was working just fine the other day. All you have to do is pull back to a version that was working while you will be trying to figure out what you have recently done wrong.
I think the price difference between poloniex and the internal market at steemit is going to continue to shrink while the manipulators will be taking advantage of OUR money and from the so-called "technical issues". Once the gap becomes small enough, they will re-enable STEEM and SBD. I believe that by then, the price of SBD will be less than $1 USD.
Maybe they did this to "fix" the peg and kind of force everyone to power up 100% rather than 50/50 and holding on to SBD, while at the same time making thousands of dollars out of it or maybe millions! Either way, manipulation is manipulation and I don't like it and what's worse than manipulation is when someone you trusted locks your money in and refuses to let you touch it, because apparently, they are facing "technical issues". Who thought that the crypto market is immune to manipulation? I certainly didn't and so I'm not really surprised...
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FOLLOW ME ⇿ @msg768