[XMR] Monero Speculation

[Wekkel]

I love those stories from the past: https://lfb.org/what-if-this-is-happening/

[Febo]

I would be interested to know of anyone who has been able to withdraw any crypto from poloniex in the past 8 hours or so.

I had a withdrawal that hung fire (pending) all day.  I canceled it and submitted it again just now.
Did you also try to make a withdrawal and it didn't go through?

I would be interested to know of anyone who has been able to withdraw any crypto from poloniex in the past 8 hours or so.

I withdrew 1000 XMR successfully yesterday afternoon. I got the confirmation email in approximately 2 seconds, and the transaction appeared on the network approximately 2 minutes after confirmation.

I'm trying to withdraw 800.  Been waiting five hours.  That's my second attempt.  I canceled the first attempted withdrawal for 800 xmr after waiting all day.

Could 800 * $30 = more than your max withdrawal limit?  Sounds incredible, but here we are  

It dont let you withdraw more then is your limit from start.


Millionero i read somewhere that if your withdrawal goes wrong and you cancel it and then withdraw to same wallet it will be same.  I have no ideas why since did not read further.
Anyways just be patient, expect that Poloniex support times tippled. So if you expect answer in 1 day you will get one in 3 days.

I withdraw like last 4 days different coins always close to my withdrawal limit. always went super smooth.

[PokerFace3]

I have had the same confusion for the past month or so. People keep telling on different topics too that they are having issues withdrawing from poloniex whereas I have been using it (except the very crowded and almost organic DDOS times) and whenever I want to deposit or withdraw I did it with no issue. However number of people who say this has been rising that is for sure.

[DaveyJones]

I have had the same confusion for the past month or so. People keep telling on different topics too that they are having issues withdrawing from poloniex whereas I have been using it (except the very crowded and almost organic DDOS times) and whenever I want to deposit or withdraw I did it with no issue. However number of people who say this has been rising that is for sure.

Because usually only people with problems raise their voice, thats why bias tends toward negativity.

[KeyJockey]

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...?

[Zegra]

If another exchange gets equal volume as Poloniex, or a significant chunk of it, or even surpasses Poloniex because everyone emigrates, then that exchange will get DDOS'ed instead by the "let's sink the prices" criminals.

[cryptimus prime]

I could withdraw from Poloniex without any problems.

[kurious]

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.

[Millionero]

I would be interested to know of anyone who has been able to withdraw any crypto from poloniex in the past 8 hours or so.

I had a withdrawal that hung fire (pending) all day.  I canceled it and submitted it again just now.
Did you also try to make a withdrawal and it didn't go through?

I would be interested to know of anyone who has been able to withdraw any crypto from poloniex in the past 8 hours or so.

I withdrew 1000 XMR successfully yesterday afternoon. I got the confirmation email in approximately 2 seconds, and the transaction appeared on the network approximately 2 minutes after confirmation.

I'm trying to withdraw 800.  Been waiting five hours.  That's my second attempt.  I canceled the first attempted withdrawal for 800 xmr after waiting all day.

Could 800 * $30 = more than your max withdrawal limit?  Sounds incredible, but here we are  

It dont let you withdraw more then is your limit from start.


Millionero i read somewhere that if your withdrawal goes wrong and you cancel it and then withdraw to same wallet it will be same.  I have no ideas why since did not read further.
Anyways just be patient, expect that Poloniex support times tippled. So if you expect answer in 1 day you will get one in 3 days.

I withdraw like last 4 days different coins always close to my withdrawal limit. always went super smooth.

It is within my limit. 
Today it went from "pending" to "processing" but still has not been sent to my wallet.
If this withdrawal goes through, I will then proceed to withdraw the few remaining coins I have left on their site.  I want to get out completely.

[SolarStorm]

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.

Also, there were a suspicious high amount of people repeating lines about a lawsuit etc, trying to get many people afraid.
I take it as an attack on polo what happened last days, not polo itself at fault here.

[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. 

[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://asktom.cf/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.