What is Reddit's opinion of
Poloniex?
From 3.5 billion Reddit comments
100 reviews of this app found across Reddit:
Here is the reason. Forced liquidation of 270btc of someone at poloniex. Enough to crash the market.
https://www.reddit.com/r/ethtrader/comments/3kit8x/why_the_price_fall/cuxr1kv
and then there is this post of lagofjesus (also the OP of this thread), basically, another margin trade liquidated because the first one by flippa crashed the market. Not a fun mechanism for people to watch happen. Maybe poloniex can install a partial liquidation mechanism, rather than full liquidations of margin traders whose current margin dips below the maintenance margin.
https://www.reddit.com/r/ethtrader/comments/3kib7y/dropping_like_its_hot/cuxoy5h
The BTC/BCH prince ratio steadily dropped from ~0.15 in December to ~0.10 ten days ago. But then surged back and is now ~0.15 again.
Naturally, BTC Corporation is now trying to recover their former market preference levels by improving the quality of their product, cutting prices, improving customer support, and educating customers, as any respectable and ethical company would do. That is the behavior that one expects from prominent players in the Bitcoin econosphere.
Sadly, Litecoin has lost over 60% of its value relative to bitcoin in the last year.
https://poloniex.com/exchange#btc_ltc
Depending on how much you choose to store in litecoin, and how long you store it there, that transaction difference will be eaten up by lost growth.
Real question. Why day trade when arbitrage is safer?
For example, yesterday there was was an opening on poloniex for xvc/btc. Then could be sold for 100% profit over at bittrex
The spread is still around 40% after fees - but poloniex is funking with the wallet so I've stopped my trades.
Polo before the HF: > we will support a one-time withdrawal of the deprecated tokens https://poloniex.com/press-releases/2016.07.15-Ethereum-Hard-Fork/
I'm glad people are taking action. Polo has exploited the whole situation to the biggest extent. Without them we wouldnt have any discussions about this obsolete chain and it will cost a lot of people / has cost them already. The way they handled this they have shown that they are anything but neutral. They can bet they will be sued by at least 1 investor for insider manipulation.
Makes you wonder if there is any truth to the conspiracy theories.
For the past year, I thought that Ethereum was a scam, because of the way that they premined coins and set them aside for a "foundation." Then, there were the spam E-Mails that pumped Ethereum like a penny stock in January. There still is little inherent value to Ethereum because there aren't many applications built for it, and none of the existing software works with Ethereum.
However, there also were absolutely no applications built for bitcoin either before the April 2013 bubble.
There are surely some people who are just selling out. But it seems pretty clear now that a lot of this money is leaving BTC and going into Ethereum. You can watch the Poloniex charts in real time and see that Ethereum and BTC prices are moving almost exactly opposite to each other. They're at https://poloniex.com/exchange#btc_eth.
While Ethereum wouldn't have been my coin of choice, and I'm sure that it will have periodic crashes if it continues to ascend, I can't help but feel at least for now that this serves the bitcoin miners right for what they've failed to do. They'll soon be sitting on millions of dollars of useless hardware through nobody's fault except their own.
PSA: You don't need a million BCH or a PhD in wankership to trade futures. All of you 1-month old accounts spewing CSW propaganda should feel welcome to trade.
​
Yes, I missed the cheap ABC futures, so please go ahead and show us your muscles.
If SV wins you multiply your BCH coins by almost 10. Just sell your BCH and buy BCHSV here: https://poloniex.com/exchange#usdc_bchsv
Once we reach a 3:1 ratio I'm going all in ABC, I love money.
As of right now on Poloniex, there is USD$57M of buy orders at $4,500 - so assuming there wasn't too much in the way of sell orders triggered you could sell $57M of bitcoin there and cash it out but you would take the price down ~20% in doing so... (https://poloniex.com/exchange#usdt_btc)
Correction: To get to $100 is very simple.
If we see anything near a flippening, the market liquidity will be so low for Bitcoiners to switch over, that the price could easily hit 4 digits.
Bitcoin hardforks and that is the end of Bitcoin for awhile.
https://poloniex.com/press-releases/2017.03.17-Hard-Fork/
Meanwhile, Ethereum as a technology moves on strong towards POS and scaling.
Talk about trade of a lifetime.
You can use poloniex API, they return information about BTC/USDT and GRC/BTC asks and bids in json format. Bittrex API can work too.
Edit: Poloniex API URL: https://poloniex.com/public?command=returnTicker
Bittrex API requires specific ticker: https://bittrex.com/api/v1.1/public/getticker?market=BTC-GRC
Poloniex https://poloniex.com/coinRequest
Binance https://docs.google.com/forms/d/e/1FAIpQLSdVsG5lKRRW_pfak1zCU6oydw_I6k391we5BQAmjjqjNp1hAw/viewform
Yobit https://yobit.net/en/addcoin/
People have to be more proactive. This does not happen by itself. I wanted to wait a bit and make a similar topic, but one that lists more exchanges, and ready to use copy paste answers.
But I guess it doesn't hurt to have a few people fill out what they can so far.
Poloniex Coin Request: https://poloniex.com/coinRequest
Binance Coin Request: https://docs.google.com/forms/d/e/1FAIpQLSdVsG5lKRRW_pfak1zCU6oydw_I6k391we5BQAmjjqjNp1hAw/viewform
Shapeshift Coin Request thread on Reddit (upvote it and leave a comment): https://www.reddit.com/r/shapeshiftio/comments/7f1vwz/please_add_groestlcoin_to_shapeshift/?ref=share&ref_source=link
This is an awesome service and the people behind it are dedicated and passionate about what they are doing. For those that are concerned they don't have physical control of the gold - you can always take physical control of it, if you wish. Furthermore, you can choose the custodian who holds it. This is an awesome company, and as a holder DTT goldcoin I think everyone should take a closer look.
Trading on Poloniex: https://poloniex.com/exchange/btc_gold
> exchanges will not accept deposits from a fork without replay protection
Here's the annoucement from Poloniex on BU's lack of replay protection: https://poloniex.com/press-releases/2017.03.17-Hard-Fork/
>At a minimum, any new fork must include built-in replay protection. Without replay protection, we would be unable to preserve customers' Bitcoin Unlimited without halting Bitcoin withdrawals, which is unfeasible.
Polo and Kraken both allow margin ... Kraken up to 5x.
https://poloniex.com/support/aboutMarginTrading/
https://support.kraken.com/hc/en-us/articles/205605288-What-levels-of-leverage-are-offered-
Either big seller or shorter:
https://poloniex.com/exchange#btc_eth
There is an 8k Ether sell wall on poloniex. When the ratio dumped a few minutes ago, someone sold 4k Ether in the space of 5 minutes. Someone also dumped 5k Ether 2 days agoin 3 orders in the space of 2 minutes.
You could. Usually you can get up to 0.5% per day, but because everyone has been told to withdraw their BTC from exchanges, AND because so many people are trying to short BTC there is a massive demand for BTC loans and no one to loan it. So you can lend it to the margin traders at 5% (maximum price) on Poloniex.
Information about lending is in the last section on this page: https://poloniex.com/support/aboutMarginTrading/
So, if I understood correctly what is going on it is something like this:
Blockstream launched nuclear option against Bitmain (UASF).
Bitmain responds with hard fork. http://www.nasdaq.com/article/bitmain-responds-to-uasf-with-another-bitcoin-hard-fork-announcement-cm803597
Proper mutually assured destruction shit. Bitcoin becoming two, no one knows which one is true. Or alternatively everyone knows, but the people don't agree.
Bitcoin starts crashing.
People being: "Aaaah! cryptobubble bursting!"
Ethereum dropping in lockstep with Bitcoin, although it seems more than Bitcoin (at the time of writing Ether has dropped -3% against BTC in 24h, but it was at least -6% at some point)
https://poloniex.com/exchange#btc_eth
For some reason LTC is up about 4% against Bitcoin. I would have expected at least that kind of gain against BTC for ETH. Why are people switching to LTC?
Is this just people taking their money out, taking a step back and trying to understand what happened? Why did ETH drop more than BTC?
Or tipping $50 in Dogecoin.
Ok, Cube --
- set up an account on https://poloniex.com/
- connect your poloniex account to your paypal or bank account
- transfer DOGE from your wallet to your new poloniex wallet
- sell dogecoin (DOGE) for bitcoin (BTC)
- from the BTC you now have, sell BTC for $USD
- transfer USD to PayPal
Don't ask any more questions. This is really, really basic stuff. Once again, read this: https://www.reddit.com/r/dogecoin/comments/3b3h5d/eli5_how_wallets_work/
Don't ask any more questions.
Don't ask any more questions.
Good luck! And don't ask any more questions.
Dude's talking about entrepreneurship in an extremely competitive field, which requires learning to become a skilled dev before you can even make any progress towards building something that MIGHT make you money. Not a real job/income. He's just excited because he invested in a neat platform he wants to hype up that lets developers potentially do neat things that's currently doing pretty well. https://poloniex.com/exchange#btc_eth. It's not an actual job. It's a trading option.
tbh there where just a couple of zcash in existence since it just started so the order size was just a couple of dollars. But still. People (or bots) wanted to have it so bad they paid that price.
EDIT: Check it out: https://poloniex.com/exchange#btc_zec with the history slider you can zoom in on the beginning.
What I did for a similar project was using the Poloniex API ( https://poloniex.com/support/api/) to obtain all the historical data from their exchange.
The advantage is that you can get it quite high resolution (5 minutes) but the drawback is that for BTC and Ethereum they only have the last two years or so of historical data.
There's little reason it would be related.. yet.
The market is affected by people holding more than they put on the market.. see the biggest market depth is quite thin so jump back and forward https://poloniex.com/exchange#btc_xcp
If you understand Counterparty's potential, then take the opportunity where it drops or just plough ahead at any price if you consider that the price is too lite for what it'll be in the future.
Playing the markets is like playing blackjack.. you're going to lose. The real winning follow from holding good prospects to the point they deliver utility. Ethereum is a mess right now and the split hasn't helped evidence ability to remain stable long term.. one of two options could fall quickly or they could both do ok.. too much uncertainty but ridiculous potential from those well positioned to adopt that capability that does work well.
I wrote some code to do this.
In google docs, go to tools -> script editor
then paste in this function:
function getETHtoUSDTpoloniex() { var url = "https://poloniex.com/public?command=returnTicker";
var response = UrlFetchApp.fetch(url); var test = response.getContentText();
var myjson = JSON.parse(test); //var leng = myjson.data.length;
var USDT_ETH = myjson["USDT_ETH"];
var price = USDT_ETH.last;
return parseFloat(price); }
function getETHtoBTCpoloniex() { var url = "https://poloniex.com/public?command=returnTicker";
var response = UrlFetchApp.fetch(url); var test = response.getContentText();
var myjson = JSON.parse(test); //var leng = myjson.data.length;
var USDT_ETH = myjson["BTC_ETH"];
var price = USDT_ETH.last;
return parseFloat(price); }
Then in the google docs you can use: Cell A1: =getETHtoUSDTpoloniex() Cell A2: =getETHtoBTCpoloniex()
Cell A3: =GoogleFinance("CURRENCY:USDGBP")
Cell A4 (USDT to GBP): =A1*A3
Buy Litecoins. Invest the same LTC into The Free Litecoin Wallet and keep receiving 1% interest rate each day until 06/2016
edit: be sure to find the best rate when buying LTC. I guess BTC-e and Poloniex are good options.
Because Stellar's USD tethers are not liquid and hence not very usable, despite them going to market first. Notice how liquid USDC, especially the low spread. What good is a "stable" USD if it costs $1.02 to buy and can only be sold for $0.98
They were just doing a security maintenance/upgrade and froze the market for 24 hours. You guys need to stop losing your shit, and stop blaming the devs about every little thing, millionaires aren't born over night. https://poloniex.com/press-releases/2018.04.06-Circle-Poloniex-Journey-Six-Weeks-In/
Go to the exchange you want to buy from and look at the market depth in the currency you want to pay in. For example there are currently 28,000 eth for sale in USDT on poloniex. If you buy the whole book in one gulp, the price will go up markedly and more sellers will appear. If you actually want millions you should buy slowly across several exchanges so you don't move the price too much. Gemini also has daily? auctions, which might be another option to obtain quantity.
Basically, as long as you are willing to pay, more sellers will keep appearing until you either run out of cash or the price gets higher than you are willing to pay. That's pretty much how it works. So yes, you can purchase millions, but it will drive the price higher in the process.
Can you explain where you see the whale walls? Looking at Polo - it seems mostly small orders. Plus, I was just informed there was no pre-mine... (which I just googled and found a couple of interesting posts from 2014):
====================================
April 15, 2014, 10:47:53 PM
Reply with quote #4
vertcoin crashed enough times that the market has stabilized. I don't think you can call them out on the instamine anymore.
a lot of coins were instamined since no one wanted to deal with them at first. If i recall correctly vertcoin had a smooth lunch. You had all the otpions to mine it. I know i did. I mined a block. then it was too difficult
** when vert joined crypsty i sold 50 verts for 0.9BTC. **
like i said. Vertcoin bubble crashed and stabilized a few times. you has time to jump in many times. Unlike some other coins yet : )
=========================
Vertcoin launched with regular Litecoin difficulty adjustment, so this chart above applies to about 100+ different coins, including Litecoin itself. It's not even close to how Darkcoin launched. Darkcoin launched with block reward set to 500 instead of 50, supposedly "erroneously".
FYI, if you lend coins on POLO, you will not get your BCC because according to them, it is an IOU note for BTC in X days. Which means you don't have it on balance. That is also why the rates are so good because those who are lending it out are expected not to get BCC.
Edit: if you have any doubts, please read their press release. here But seriously, yall traders need to step up and be ontop of news like this. Only those who are prepared can survived the market.
Gemini: They made a big push and are almost at all 50 states, but not yet. https://gemini.com/areas-of-operation/
Polo: This is their announcement for removing service was WA state. Can't find a list like Gemini has of all the areas they operate in. Sent message via twitter, lets see what they say. https://poloniex.com/communications/2017.04.07/
Kraken: Same deal as Polo, Kraken does not provide a list of areas of operation. This is a link to the email they sent out when removing WA state from being eligible. http://i.imgur.com/oEtrVXr.png
Buy them through an exchange. I have a spread of different ones. It's been a good year for them.
I don't usually support one place or another, you could ask on /r/bitcoin, but you could look at coinbase.com, and you can exchange through https://poloniex.com
If you wanted to look into those. There's a lot, google will show quite a list, I can't really state which are better or worse. Since I bought them, now I just swing trade the existing ones and grow my portfolio.
Or, they're overwhelmed with the traffic.
There's been a HUGE rush of people moving into crypto these past few weeks, just look at the volumes. They did address this by releasing a public statement: https://poloniex.com/press-releases/2017.05.16-Industry-growth-and-its-effect-on-Poloniex/
It's growing pains - and they will adapt, but it will take time and money, which they now have - I have been trading with them for the past few months without issue nor complaint personally. But I have traded on far riskier/shadier exchanges, and they're not on the same level by far (cough cryptsy cough).
If I read the tables correctly, the volume of ETC trading on Poloniex is now ~115 kBTC/day, and that of ETH is ~70 kBTC/day.
For comparison, the volume of BTC trading is ~3 kBTC/day on Bitstamp, and ~270 kBTC/day on Huobi.
You can force settlement and it definitely doesn't result if 40% losses if you're willing to hold a BTS float between the blockchain and an exchange (I admit that if you're not it becomes much more costly to cash out). I'm looking right now at polo, I could cash out a few thousand USD and take less than 10% losses: https://poloniex.com/exchange#btc_bts (plus 1% BTC to USD fee).
I admit that's really bad, but the point is the fundamental incentives cause there to always be able to cash out at least some at parity, and the rate at which you can do so is a basic liquidity problem.
The presence of the forced settlement mechanism means there's a concrete profit motive for market makers. I think bitshares is suffering from not having a liquidity bootstrapping strategy.
But why wait until the next bear market? If you take a look at a XMR/BTC long-term chart (here: https://poloniex.com/exchange/BTC_XMR) and look back at when XMR/BTC has exploded in the past, you will see that happens while BTC/fiat is exploding.
XMR/BTC is about to explode 4x (i.e. if BTC/fiat goes up another 2x, XMR/fiat goes up 8x) during the coming alt-season, as it has over and over again in the past, and I fear you'll miss out on this move. These moves only come up once every few years.
I think people are quick to forget how fast the ratio can move. Take a look at https://poloniex.com/exchange/BTC_ETH
- 6/9/2017 - Opened .0924, Closed .0991
- 6/10 - Closed .1164
- 6/11 - Closed .1138
- 6/12 - Closed .1502
4 daily candles to go from .0924 to .1502
Obviously cherry picked and the blow-off top but that type of gain percent gain has happened a few times over ETH's life.
tl:dr, I agree
// Generated by curl-to-Go: https://mholt.github.io/curl-to-go resp, err := http.Get("https://poloniex.com/public?command=returnTicker") if err != nil { // handle err } defer resp.Body.Close()
read resp.Body into a buffer or I think the decoder supports a reader -> into a receiving struct
Poloniex.com is an available option to split some of your BCH coins to both (future) chains or sell some of one side to favor the other side. They have stated that they will disable (delist?) BCH after the 15th.
"On November 15, 2018, we will pause BCH deposits and withdrawals at 14:00 UTC. At 15:00 UTC, we will freeze the BCH, BCHABC, and BCHSV markets, cancel all outstanding orders, and take a snapshot. Customers who still hold BCH at this time will immediately receive an equivalent amount of BCHABC and BCHSV. We will then disable the BCH market (as all balances will be zero)." Source
​
>https://poloniex.com/exchange#usdc_bchabc
The market already shows who is dominant, and who will retain BCH ticker. The decision has already been made for him.
There is a split, 100% sure. The question is what will happens to both of them? Likely BSV or BCHSV will die soon.
​
BCH SV trade at about 55 USD right now on Poloniex.
oh, you're right... anyways, here's the link. Not sure when they'll pull it, but good luck... I plan on holding for now. https://poloniex.com/press-releases/2018.10.03-Poloniex-To-Remove-Margin-And-Lending-Products-For-US-Based-Customers/
​
CMC will add SBI if SBI’s exchange has an API. The API needs to expose the 24h trade volume and the last price for each coin. For example, Poloniex's API endpoint: https://poloniex.com/public?command=returnTicker
Here’s CMC’s request form to add SBI. Don’t know if CMC are actively adding new exchanges without being asked to: https://coinmarketcap.com/request/
Thanks, I just got my ETH ticker on my touch bar ;)
However, that would be awesome if you could help me write the script for the Poloniex API. Can't find a way to do it as all the pairs are requested when you call https://poloniex.com/public?command=returnTicker
That would be awesome, thanks again
You didn't mention which financial market you're interested in... Stocks? Forex? What country? Digital Currencies?
I use the FXCM API (forexconnect) for Forex data and it's pretty good: https://www.fxcm.com/au/trading-services/api-trading/forex-api/
For Digital Currencies, I use the Poloniex API: https://poloniex.com/support/api/
For stocks... if you're using minute bars, you're probably doing it wrong. Stocks are really not very compatible with intraday strategies because of the very limited time they trade per day -- closed markets really screw with the short-term behavior. Stocks are a long-term game.
1) Free of charge. Bitcoin is still the same. You will just be able to get this new altcoin if you hold the private keys to your bitcoin and then you can sell it for some extra bitcoin. Just like your bitcoin (and LTC/DOGE) private keys could unlock Clams in 2014.
2) On Poloniex, you will keep the same amount of BTC and you might or might not get BCC (definitely not as lender), see their announcement.
I guess they will be working on their product mostly, if enough people request it it might be on the bigger exchanges. If we get enough people to visit this site and request in different Ethereum related reddits it might be quiker :) https://poloniex.com/coinRequest
Not a good idea. It only increases their backlog:
"Submission of repeat tickets only increases our backlog and does not get your ticket reviewed faster. Manual effort must be expended to identify, match, and consolidate tickets to ensure the issue has been addressed. Repeat submission needlessly slows resolution not only of your ticket, but of all other outstanding tickets."
> Basic purchase question - what's the best way for a newbie to purchase?
Make an account on Poloniex. Transfer money to it. Buy bitcoins, and then buy Golem Network Tokens (GNT). The reason why I say you should buy Bitcoin is because the GNT/BTC pair has the most volume. Generally speaking, the more volume the easier it is to buy and sell at market price.
OR you could just send ethers from coinbase to your Poloniex account, and then either buy GNT with ether or exchange your ETH for BTC and then for GNT.
> Also, any other alt eth coins I should check out?
List of ICO's currently doing better than eth. Look at the "ROI vs ETH" column. I would advise you to look up information about the coin and the company or people behind it though, before you invest any real money. Most, if not all of them, have subreddits. I'll let you decide which ones are worth investing in.
If you have any more questions, feel free to ask them!
See the Poloniex Terms and Conditions, Section 6: Margin Trading. I have highlighted relevant sections.
> Margin trading on Poloniex is HIGH RISK. You may sustain a total loss of funds, or owe money beyond what you have deposited to your Account. The high volatility and substantial risk of illiquidity in markets means that you may not always be able to liquidate your position.
> If the value of the assets in your Account falls below the maintenance margin requirement or Poloniex determines, at its sole discretion, that your Account appears to be in danger of defaulting on a loan, Poloniex may seize and liquidate any or all of your positions and assets on any balance in your Account in order to settle your debt to lenders. If, after your positions and assets are liquidated, your account still contains insufficient funds to settle your debts to lenders, you will be responsible for any additional funds owed. Intentionally defaulting on a loan may result in Poloniex reporting your activities to authorities and/or in legal prosecution.
> Although Poloniex takes several precautions to prevent a user from defaulting on a loan, the high volatility and substantial risk of illiquidity in markets means that Poloniex cannot make any guarantees against default. When you lend to other users using the Platform’s P2P lending system, you risk the loss of an unpaid principle if the borrower defaults on a loan and liquidation of the borrower's account fails to raise sufficient funds to cover his or her debt.
> All trading, margin trading, lending, and/or borrowing is conducted by Users, and Poloniex does not take any responsibility for any loss or damage incurred as a result of your use of any services Poloniex provides or your failure to understand the risks involved in your use of such services.
You can make a free account on Poloniex, my favorite cryptocurrency exchange. There you can sell the SJCX for BTC. You have to transfer your SJCX to your Poloniex account, and there you can sell it for BTC in the Exchange page.
Then, depending on where you live the BTC to EUR part is the easier step. I like Anycoin Direct for their customer support. Just click on Sell -> Bitcoin. It works with Paypal too so I guess you can do it from anywhere. I transferred to and from my Dutch bank account and it worked fast every time.
Bitsquare would need a trading API, which I understand is on the roadmap but hasn't been tackled yet.
I'm sure there are trading bots available, though I doubt any publicly available ones are profitable. If they were, more people would use them, to the point where their algorithm wouldn't work anymore.
That being said, Poloniex and Bittrex both have APIs, so if you have a good idea for a trading strategy, you could make one yourself or pay someone to make one for you.
https://poloniex.com/press-releases/2016.07.15-Ethereum-Hard-Fork/
"In addition, for those interested in keeping their tokens from the losing blockchain as a keepsake, we will support a one-time withdrawal of the deprecated tokens, provided that the losing chain is still functional when you attempt a withdrawal. Specific instructions on how to access your tokens on the old chain to follow."
Basically, you lend your btc to people and you get interest on them, according to the rate you set. The duration is 2-60 days I believe. Polo will take 15% of the interest. You don't have to worry about the borrower losing all and you will get the btc back. https://poloniex.com/support/aboutMarginTrading/
Tell that to the exchanges that lost money over this.
You know, the ones who were assured by the devs that the fork would be smooth and the minority chain would die quickly, and that they had nothing to worry about.
No, I'm saying that at least 2 EH/s of BTC's 50 EH/s of hashrate is willing to mine whichever chain is most profitable, and if Bitcoin SV leaves the BCH chain with the most market support (i.e. ABC, according to Poloniex trading which currently gives them a 3.5:1 support ratio), that will cause a hashrate vacuum (thereby lowering the difficulty) which current BTC miners will have an economic incentive to fill.
What you're saying might also be true, but we don't need it to be true to defend against SV. All we need is for 4% of BTC miners to be selfish and rational.
You feel bad but in fact we should embrace the fact that nobody control the development. This keep everyone in-check. If ABC doesn't do the right thing, someone else will do.
Based on exchanges and wallet, Bitcoin Cash SV already lost the ticker, even if they get majority hash power, that would not change the fact that BCH is with ABC roadmap... so they lost already.
The good news, is that ABC new fully acknowledge that future change need to be discuss even more in public. I would not be surprised to see in May 2019:
- Full graphene support (BU already added enabled by default)
- Multi-thread acceptance and validation
- 64/128MB blocks
- Bitcoin SV opcodes like MUL, LSHIFT, RSHIFT
I don't know what people are expecting on November 15th but the price of Bitcoin SV keep dropping now at $56 USD (I'm managed to sell some at $200 USD yesterday).
Yes an awful "Exchange" it is. But in accordance with article of 17 of User Agreement "You will be permitted to transfer Tokens associated with your Account for ninety (90) days after Account deactivation or cancellation unless such transfer is otherwise prohibited (i) under the law, or (ii) by a valid subpoena or court order." I advice you to try and claim for your Tokens anyway. We have to be heard!!!
About a month ago I was in the same position, and I even posted something similar on this subreddit. I frequently read the posts of the most well-known users in the daily, and try to breakdown their posts into what I understand and don't. If there is terminology or logic I don't understand, I make sure to spend some time on trading websites and other resources for explanations. As far as shorting, most websites that offer margin trading have a breakdown of the terminology and what everything means.
While I don't recommend using Poloniex, their explanation of margin trading is pretty good. https://poloniex.com/support/aboutMarginTrading/
I am in a similar position. My account is frozen now and I see that to verify a legacy account, they want my SSN number and my agreement to their new Terms and Conditions here. I will not agree, because of clauses 23-27. There is no OBVIOUS way to DECLINE or DISAGREE so that I can "grab my stuff and go home". They made enough commissions on my trades. Let me have my stuff Poloniex! Its not like I have massive holdings, but enough to cause me to bristle and want to leave.
Not a single one of those have anything to do with arbitrage being profitable.
And is such a silly question. In a bear market, instead of sitting at the crypto you bought at lower price you sit at FIAT gained for selling at higher price, that's just way too simple to do.
a bit more complex is scenarios where the deposit and withdrawal of a coin is disables so it's price on that exchange usually becomes much lower in that one .
That's a coin flip because when it gets reactivated again it could go to that price or to the market one . for example, this happened with bitshares recently in poloniex : https://poloniex.com/exchange#btc_bts
If you put the monthly chart, you can see a lot of people must have made massive profits just in that one (although, things said, this one was a bit more complex, as technical problems was just a lame excuse and everyone knew it was just because their lawyers werent particularly happy about a section in the documentation)
There are a bunch of ways to earn compound interest on your crypto investments. It doesn't sound like your friend's is any of these, but just so you know:
- Exchanges like Poloniex (I think Bitmex does this too) allow you to lend coins out to other users who want to margin trade. Typical rates are very low though, such as 0.003% per 2 days. When prices are volatile, rates can go up a lot. Right now it's around 0.17% per 2 days for BTC which is the highest I've seen. More info here and a highly recommended informative (blog post)[https://steemit.com/bitcoin/@cryptomancer/how-to-earn-passive-income-from-lending-your-bitcoin-on-poloniex].
- PoS coins like Neo can net you Gas just by sitting in your wallet. Eth will support PoS soon, and you can join a staking pool like Rocketpool or Djinnpool once it's released.
- Networks with masternodes pay out extra for hosting. Typical payout is something like 0.2% per day.
> Majority of tether is used to trade against BTC....
I see, that's why we have https://poloniex.com/exchange#usdt_bch and other exchanges showing that the volume of USDT in first place is BCH ?
> People in China used it to transfer money out of the country helping organically grow it's store of wealth (not like tether's artifical growth)....
Litecoin was used for this, not fiat. Chinese gov has FIAT restrictions and caps / year.
> Koreans similarly use cryptos to transfer money similar to Chinese and Korea is much friendly to cryptos so if Koreans start seeing Bitcoin no longer suitable to transact with they might be dumping their BTC for other coins, doesn't have to only be BCH
Again, so much talking about pump and dump, yet BCH volume is 60%+ from Korea and couple of exchanges.
> Now I didn't even post BCH chart or even mention anything about this being related to BCH but rather related to fake tether printed but yet you guys just seem to try and pivot the point to bch and avoid that the price has been artificially jacked up
Following your logic, and after checking that USDT is used more for BCH, shall we conclude that the price is indeed hacked up artificially for BCH?
> Now let's hear what you have to say.
You are welcome.
Yeah, except I was up in the middle of the night and watched it happen live. The INSTANT Poloniex and another exchange or two went offline the flash crash occurred. BTC on Polo at that time was $5150. Look at the chart.
https://poloniex.com/exchange#usdt_btc
The very instant Poloniex front end locked up at 7am GMT, customers could not buy or sell on their website exchange, somehow BTC takes a straight shot to $6400 within an hour and a half. This is the exact OPPOSITE movement of BCH in the exact time frame: https://poloniex.com/exchange#usdt_bch
Who is buying BTC and selling BCH if the website is down?
You can purchase it from https://poloniex.com/ or https://bittrex.com/ and you can keep it online on their website in your wallet. Or download a wallet from http://syscoin.org/ and keep it on your pc.
Why did hitbtc disable btc deposits 20 blocks before the fork without any warning :(
Poloniex statement is an approach I'd agree with: https://poloniex.com/press-releases/2017.10.24-Notice-About-Bitcoin-Gold/
You can use the poliniex API for price history. You can find documentation here. I personally just trained my program with the data I got from a call like this:
So what's the end game? Margin means loan, so at some point the investor needs to pay back the people that extended the loan + carry costs like interest.
All things remaining equal, buying a bunch of bitcoin and then selling it should not net you anything, unless there is a change in demand. As you buy more and more the price will go up, but then as you sell more and more, the price will drop.
Somebody has to get left holding the bag on this, either that or the investor is exploiting something like arbitrage between exchanges, or pumping other cryptos like XMR (which tbf has gone from ~$40 to $130+ in a very short period of time)
Hey! I just wanted to let you know that Poloniex has unblocked Bytecoin.
Picture Proof; https://i.imgur.com/ySTPy4y.png Or you can just visit Poloniex to verify it yourself; https://poloniex.com/exchange#btc_bcn
~RGZ
I had issues redrawing my funds too. It took a week for them to responds but they did. here is their answer. >Thank you for getting in touch and apologies for the delay in responding.
>Please note that withdrawal approvals often take up to 24hours, typically they're cleared much sooner. Unfortunately this wasn't the case here but I can confirm that your withdrawal is now complete.
>There are many reasons why this can happen but so as to help avoid similar delays for future withdrawals then enabling Two-Factor Authentication (2FA) on your Poloniex account should help. Poloniex STRONGLY recommends enabling 2FA as soon as possible. Without 2FA, your funds and some private data are only as safe as your email credentials.
>You can enable it here: https://poloniex.com/2fa
>You can also learn more about the importance of 2FA here:
https://poloniex.freshdesk.com/support/solutions/articles/1000225337
>If you have any questions about the process, please just reply and we'll walk you through it.
>We appreciate your patience.
>Best regards,
>Javan Green >Poloniex Support<
This is what I was going to say.
BTW, I just noticed Polo's announcement on BCH (the first thing they have said as far as I can tell), and from my reading, it looks like those of us who loaned BTC over the forkening might be getting the BCH still? How do you read this?
https://poloniex.com/press-releases/2017.08.03-Bitcoin-Cash-Update/
I've still got a loan going at 4.998%, so I'm already pretty happy about my decision to loan my BTC instead of getting the BCH, but if I get BCH too, well... damn I got lucky.
https://poloniex.com/press-releases/2017.08.03-Bitcoin-Cash-Update/ Polo also now creditting BCH.
More coins in circulation, prepare the mega dump. Once BCH is fully dumped to double digits BTC and ETH will moon.
Polo's ETC/ETH chart is proof that your claim is false. ETC is not performing any better than ETH. In addition that chart is showing an ETC long term trend which is trending downwards...
Here's the raw data from Polo:
86400 = (60 * 60 * 24) so daily data
The "1439596800" values are called unix timestamps, would be easy to parse with something like Python. This may help for Excel: https://www.extendoffice.com/documents/excel/2473-excel-timestamp-to-date.html
Python code to format is all nicely:
import json import datetime import sys
rows = json.load(sys.stdin) for row in rows: print "%s, %s" % (datetime.datetime.fromtimestamp(row["date"]), row["volume"])
Can be ran like this in Terminal if you save the Python to foo.py
curl -s "https://poloniex.com/public?command=returnChartData&currencyPair=BTC_ETH&start=1435699200&end=9999999999&period=86400" | python foo.py
Portion of output for example:
2017-06-08 08:00:00, 17810.2768872 2017-06-09 08:00:00, 25529.7789722 2017-06-10 08:00:00, 88709.6435146 2017-06-11 08:00:00, 82097.4726554 2017-06-12 08:00:00, 181655.987355 2017-06-13 08:00:00, 105384.030356 2017-06-14 08:00:00, 53005.448038 2017-06-15 08:00:00, 80639.4753911 2017-06-16 08:00:00, 29317.9788745
Apparently they have been hiring people, deploying new servers and trying to deal with the influx as best as possible. Clearly there are still some issues, however i would give them some credit for at least trying. We will have to see how it goes and if it improves, but it is reasonable to see a few delays when you have a large increase in traffic. I, personally, have not seen any delays in my buying and selling, however i do know many have. Source
Cool thanks. Just curious if Polo displayed it somewhere.
BTW, if you didn't know, you can see your lending history here https://poloniex.com/tradeHistory. Under "show" click "loan earnings" and then click BTC. Took me like a month to find that.
Are you referring to https://potwallet.com/trade/buy ?
PotWallet is a P2P trading platform much like localbitcoins where users can set their buy and sell price.
If you are looking for the LIVE market price I would suggest looking here: https://poloniex.com/exchange#btc_pot
Hope this helps :-)
> Poloniex is just the opposite: offer no fiat trading pairs so they can't be regulated, then offer every shitcoin pump n dump manipulation scheme they can.
Exactly.
What the heck is that XBC (Bitcoin Plus?) that is up 1900%+ today?
Where did that come from and why?
https://www.bfxdata.com/positions/ethbtc
https://www.bfxdata.com/positions/ethusd
I also regularly check the lending page on poloniex to see if the eth available for lending goes down, meaning people are opening shorts.
https://poloniex.com/lending#ETH
Though it could also mean lenders are taking their ETH out of lending, but more than likely they're shorts opening.
It depends on two things: 1. Which exchange? and 2. What market? (ETH/USD vs ETH/BTC for example)
Go here https://poloniex.com/exchange#btc_eth and scroll down to the market depth chart and you can get a good idea of the relative orderbook sizes for that particular market. Keep in mind that is not the ETH/USD market it's the ETH/BTC market and both ETH and BTC are moving up together so the relative difference is less than you would see in an ETH/USD market. There is no ETH/USD(fiat) market on polo as far as I'm aware... you'd have to go to gdax or the like to see that kind of market (fiat to crypto) which is actually what is driving this bull run as evidenced by this kind of depth chart from gdax: https://www.reddit.com/r/ethtrader/comments/5x1tzy/daily_discussion_02mar2017/deg14go/
This is what I was thinking of; all downloadable in CSV format but no price data > https://etherscan.io/charts
You could send a request to CMC> https://docs.google.com/forms/d/e/1FAIpQLSf0f95sPIlakbvT0AKXvJpwboNWwQjAj9ZiSdCiqpXcKmumzw/viewform
Edit the timestamps in the API to get a different snapshot. Raw Poloniex data as JSON >
https://poloniex.com/public?command=returnChartData&currencyPair=BTC_ETH&start=1435699200&end=9999999999&period=14400
Let me tell you a story:
It was the darkest hour of the night, I was about to do my nightly routine before going to sleep; which always ends in updating my beloved charts on poloniex. After pressing F5 a few times, something caught my attention. A new unknown but yet familiar abbreviation had taken form.
"ETC"
My mouth formed the letters while my mind was working intensely.
"This wasn't there before... right?"
Had I gone nuts? I couldn't tell. I stared at the screen for what seemed like a split second but in reality must have been an hour. The first candle appeared, it's green. My fomo was starting to seep through my forehead.
Suddenly, under the constantly shifting trollbox, I saw something new, it read:
"Announcement: ETC/BTC @EthereumClassic market added. https://poloniex.com/exchange#btc_etc."
A new candle appeared, it also had the color green, but a different shape, a much taller shape. I couldn't resist, from that moment on I knew I was hooked.
>Since the selection of the winning blockchain is ultimately up to the miners, we will follow the path determined by the miners and the community and make plans to deprecate the losing blockchain.
https://poloniex.com/press-releases/2016.07.15-Ethereum-Hard-Fork/
Oh and just FYI, the ETC subreddit mods are known russian pump and dumpers.
They're liar :
https://poloniex.com/press-releases/2016.07.15-Ethereum-Hard-Fork/
Poloniex press-releases/2016.07.15-Ethereum-Hard-Fork/
................. Since the selection of the winning blockchain is ultimately up to the miners, we will follow the path determined by the miners and the community and make plans to deprecate the losing blockchain.
................. In addition, for those interested in keeping their tokens from the losing blockchain as a keepsake, we will support a one-time withdrawal of the deprecated tokens, provided that the losing chain is still functional when you attempt a withdrawal.
Liar liar liar, only liar
Same thing for Kraken : Liar, liar, liar
https://www.reddit.com/r/ethereum/comments/4sy6oh/kraken_email/
https://coinforum.ca/discussion/3644/announcement-from-kraken-all-eth-ltc-xrp-xlm-and-xdg-traders
......
Trading will continue as normal during the fork. All ETH on Kraken after the fork will be tokens of the winning chain (i.e. the chain with the most work on it).
.......................
Poloniex post, for reference: https://poloniex.com/press-releases/2016.07.26-responses-to-common-etc-questions/
I'm still stuck on the dividend analogy. Or you can think of it as a stock split. In both cases, the borrower needs to pay the lender for all the offshoots that have value. Ultimately Bitfinex can probably do whatever it wants due to generous terms and conditions, but that doesn't make it ethical or legal.
Polo statement everyone should be aware of: > As soon as the fork occurred, Poloniex took steps to secure all ETH and ETC balances by separating them into different addresses. A replay attack on a withdrawal from these addresses will now fail, because each address has a balance on only one of the two blockchains.
https://poloniex.com/press-releases/2016.07.26-responses-to-common-etc-questions/
Whats the purpose of their splitter contract then? No I think that no longer applies. Here's a statement by Polo:
> As soon as the fork occurred, Poloniex took steps to secure all ETH and ETC balances by separating them into different addresses. A replay attack on a withdrawal from these addresses will now fail, because each address has a balance on only one of the two blockchains.
https://poloniex.com/press-releases/2016.07.26-responses-to-common-etc-questions/
I trust their judgement and coders. I think there was some confusion initially but its been sorted out.
Polo decided to finally make an announcement after enabling ETC trading: https://poloniex.com/press-releases/2016.07.26-responses-to-common-etc-questions/
TLDR: its no big deal, all these lending rules are expected to be known because it is obvious.
You moved 100 bitcoins through shapeshift? how much was the fee, like $700? That's a lot of fee!
Next time, use an exchange like https://poloniex.com/ and save yourself some cash when moving money around.
perhaps the motivation he has is the momentum needed to abstract the payment layer and have specific implementations for Bitcoin, and Dash, making these templates for every other interested project to easily integrate another currency, those cryptos based off of bitcoin would have the easiest time integrating as they should have the same basic feature set.
This however changes the way products might be advertised as not all sellers might be able to receive payments in all currencies (which then starts another conversation into currency conversions and perhaps allowing sellers to integrate with crypto exchanges like poloniex)
Poloniex is generally considered "safe". If you just buy smaller amounts (i.e. <2000$), you can withdraw them immediately after you buy. You have to provide Poloniex with your name and country though (first step of KYC).
Hi and welcome to Monero!
You can buy some at Poloniex (better prices, but low limits - 2k USD a day unverified)
or
Shapeshift (more expensive, even lower limits, some people have reported their transactions didn't work)
XRP holders selling out primarily for $ or BTC. If XRP completely dies (which is looking likely) then Eth is number 3 in terms of market cap. Ripple had some interesting features it's a shame that it seems like it will end its life as an interbank settlement platform and that the investors have been treated so badly.
At this time, the primary hangout is on Freenode IRC. The trivia bot in there is a fun way to earn a generous amount of Rubycoin.
Larger balances provide more frequent rewards, although small balances still have a chance. A few thousand, in a wallet that is always online, should be enough for an occasional stake reward. Poloniex and Bittrex can be used to buy Rubycoin using Bitcoin.
Improved organization, communication and documentation are a work in progress. Expanding beyond IRC is a large part of that goal.
+/u/rubytip cookie
[Answer #6] https://youtu.be/p019QyKG4Ls
The short answer? Sign up for a reputable bitcoin exchange such as http://www.Coinbase.com. Then, once you have hard bitcoin, you will need to exchange those for Monero at an online exchange such as https://poloniex.com/exchange#btc_xmr
It can be a little overwhelming at first, so go slowly and learn as much as you can. Also, if you are curious about the price of Monero in US Dollars currently, Poloniex tracks it at that link, and also you can ask Google things like, "price of monero in USD"
It seems more than 0.6 million ether was dumped on Poloniex today. See graph, and select 4 hour candle sticks. That is enough volume to severely force the price down.
I don't believe in TA. You can't use it to predict when a whale is going to liquidate a position. Is it the right time to buy now? I did. At least it is cheaper than it was yesterday, and I am going to stay on my investment.
The crowdsale ended began and ended in the third quarter of last year. As of right now, you can purchase StorjcoinX (SJCX) on exchanges such as Poloniex and Bittrex. In order to get more information on release dates, visit the early access page.
Cheers :)
Bter, Vircurex and DGEX. You can also try the smaller exchange Poloniex: https://poloniex.com/exchange/BTC_NXT
Welcome to Nxt all! One word of warning: choose a damn strong passphrase! It's something many people forget and regret in the end.
Here are some wiki articles to help you on your way:
http://wiki.nxtcrypto.org/wiki/Account_Security http://wiki.nxtcrypto.org/wiki/How-To:GenerateStrongPassword
If you have a weak pass, please make a new account and transfer your Nxt there. Then you can sleep easy again ;)
Oh, and please join in with the discussions: Nxt is made by the community, so you have real influence here :)