Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Lloydimiller4
on 20/05/2015, 18:15:46 UTC
still feel dull, took me some times to process the somehow bad news. atm i really dont know how it will play out in the future, some people definitiley left polo. maybe they will return if it stays the only liquid market, but for now i dont think so. even if this has nothing to do directly with xmr at all, yesterday was one of those rare nights i turned my node off after all my transfers finished.

i was very bullish the past few weeks, but now my sentiment somehow turned due to this. i feel cheated by poloniex. not becasue they implemented those rules, but becasue of how fast they did it and how they communicated it. the capital flight out of polo was sure enormous and is not yet finished it seems. people clearly prefer btc to withdrawl. maybe the people joining becasue of margin trading will compensate it, maybe not.

and no, i am not a botnet owner.


I don't know why this impacted your decision to turn off your node?

Polo is a U.S. exchange, they need to comply with U.S. law. It sucks that it happened so quickly, but I'd rather there be an exchange than none at all. I believe decentralized exchanges are coming, and when they do so people will be able to trade freely and anonymously.

Poloniex changing their rules certainly makes our short term direction cloudy, but if you check, there are a lot less sells than buys.