Poloniex credited my now $21k lost Steem deposit after six and a half months.
Long ago and far away...
I deposited a few thousand Steem at Poloniex and used the wrong memo. The money arrived with no account to land in. I explained this to them and got AI responses that can't understand human error. Still the money was there and their accounting department should now there was extra sitting there. Real people picked up the case a month ago, and I finally got my money back - now worth $20,000 or so!
News, Rants and Thoughts
First
We have the Poloniex thing. Good news for me, I mean, I am happy to have my money back. But, I sell coins to people almost every day. Now everyone I sell to has been moving to the BTS Dex (decentralized exchange). That plus my persistent mentions of Poloniex on my blogs.
"You've heard me talk Poloniex" (16k stolen). (28 days ago)
A post dedicated to the support ticket. (17 days ago)
The + is 6354 Steem back in my account.
The - is that it took 200 days.
Anyway, I have to give a shout out that there is hope
if you have lost money on Poloniex. They are a day late and a dollar short like many failed companies that hire staff way too late in an attempt to fix the support-ticket pileup they have. They have lost many many customers, and I still advise caution caution when dealing with Poloniex.
Second
I wanted to announce that the Steem and the BTS blockchains are the only ones that have hit one million transactions per day mark. The first ones in crypto history.
I am still learning the ins and outs of the exchange and its capabilities. But I remain very positive with the currencies (smartcoins) and crypto-currencies that I can trade there. Many who buy from me are happy they are able to buy bitUSD (Dollars) from me, giving them the option to wait and buy their preferred coin at a strategic price. Up until now, they would set a meeting with me and if the price of Dash spiked, they would be forced to buy at the peak. If the price was down, I would limit the amount they could buy from me to avoid losses on my end.
Third
You haven't heard from me regarding more TakeMyVotes contests for good reason. Right after the last contest, booster (the whale bot) seemed to be unattended like a runaway robot. The account went into the 50% voting power range and it was voting wildly on everyone or anyone.
I am not sure what happened, but it was off kilter and shut down for recharging.
Recently, I see it working properly and I hope to run another contest to bring better curation rewards for all. Remember! When you see this image - vote 100% and you will have hundreds voting after you, which is what raises curation dollars.
Fourth
I searched for articles when bitcoin took a dive. All mainstream magazine sites saying what percentage of bitcoin's value has been lost in x number of days. None of them said why.
Bitcoin has always bounced off of a new psychological high
It is quite normal for bitcoin to see hesitation at new highs, especially big round numbers. I saw it do that at 100, 500, 1000, 10,000 and now 20,000. But, there is more to this bounce.
At all the other mile markers, bitcoin blasted past each price line after some downward and sideways movement. Those were the days! Bitcoin was fast, cross-borders, and free. Now, it's slow, embarrassing and costs as much as Western Union.
The hype is still huge - everybody wants in! But they don't know what they are getting into. I don't sell bitcoins any longer. I stopped a year ago when the coin broke. I sell dash, bitshares smartcoins, ethereum, anything that still works quickly. Don't get me wrong, your coins won't be lost, if they don't show up at the site you sent them to in, let's say, two weeks? They will be returned to the wallet you sent them from.
Why the $6,000 drop?
So, we have thousands of newbies with bitcoins. They love how fast you can sell and then rebuy bitcoins on an exchange but when you withdraw them, the bitcoins go in to limbo quite some time. That is, of course, if the exchange doesn't hold your money until you provide an ID and a copy of your most recent phone or electric bill.
Their money arrives hours later and the confirmations start to build up. Fear then relief. They send some to another site or person and find out that you really have to be lucky to get a transaction to go through. Many call me hours or days after I sold them (not bit)coins asking me why their bitcoins left but don't arrive at the other side. I dig though blockchain.info and send them screenshots of where their bitcoin is stuck.
A a bit of advise. Keep your money in altcoins until you absolutely have no other option. Trade transfer and hold something other than bitcoins until you are at the page that only has a bitcoin QR. Then convert and send it. Again, caution because shapeshift and changelly have lost my money and I have had to chase it for weeks.
Don't worry, someday bitcion will scale
This drop in price is just a reaction to bitcoin disappointing mass quantities of people who jumped in feet first. After they get some and try to trade wallet to wallet, they find out that it's no fun waiting for hours or days. I have been there, it's a desperate feeling especially when you are sending thousands of dollars.
I am on bitshares - The decentralized crypto exchange!
If you like what I am doing UpVote and Let Me Know Below!!!
