I lost 25% of value in my holding on Poloniex within the past 24 hours. I didn't trade. I am just on vacation in Spain. Everyone says don't leave your coins on an exchange, but I had been hearing bad things about Poloniex the past few days, horror stories about people trying to withdraw and transactions taking as long as 10 days with over 2,000 confirmations on the Blockchain but still no transactions executed and no acknowledgment from support.
Fine don't leave your money on an exchange, but how do you get it to and from a wallet when you want to trade and the fees are getting excessively high and you risk getting your coins trapped in transaction limbo?
This made me want to do research about the best way to get my money off Poloniex, all the while people were frantically trying to get their funds off the site and making prices go down from their panic selling.
Now I am looking at Ethereum spiraling down
I am looking at my Bitshare holdings dipping as well and seeing all of this red and hearing all this bad news and the only thought that comes to mind is.....
!!!BUY!!!
But there is absolutely no part of me that wants to do this on Poloniex. I look at that chart and I also think...
Is Poloniex playing hide and go seek with my money?
I mean what the hell is BitcoinPlus? I imagine why it's up is due to the fact that Poloniex is temporarily disabling the crypto favorites of the past few months so there is a subtle manipulation happening where they create incentive for you to invest in OBSCURE COIN FLAVOR OF THE DAY. I don't know; maybe Bitcoin Plus is legit, or maybe people are just trying to find ways to get their money out.
How and why are Steem Dollars Running
I am on vacation in the south of Spain right now.
The view from my home office is beautiful.
You can even see it better in a live video version in the intro of this video I made for @vmsolutionsltd
Everything is beautiful except my Poloniex Balance and it seems like the sky is falling but because I haven't been following all of the hysteria for the past week I can't tell if this is standard consolidation and an opportunity to buy or if this is a legit concern.
Is Poloniex playing hide and go seek with our funds forcing us to move crypto to the coins they dictate by temporarily disabling deposits and withdrawals using the cryptos we prefer?
Was removing the Troll box a part of silencing verbal dissent on their own site?
And what the hell is this about?
Please tell me your thoughts on all of this in the comment section.