Quote from: smooth on May 20, 2015, 07:08:38 PM

Quote from: Lloydimiller4 on May 20, 2015, 06:15:46 PM

Quote from: medusa13 on May 20, 2015, 06:09:40 PM

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.

I think what he's saying is that Poloniex has been a great supporter of the Monero community. By implementing their policy change with an obnoxious and customer-hostile two-day notices (where people who happen not to be online every day are not forced to give up their information or have their coins stolen) they just told the Monero community go fuck ourselves. Without even so much as an explanation other than "Hey guys, good news, you can trade on margin and pay more commissions now!"

Compliance is perfectly fine, and to be expected. Giving your biggest customer base the finger with a two-day notice is not.

And I told them that when they contacted me to try to smooth things over.

Fuck you Poloniex. You screwed up here.

You are right that they are cocksuckers due to the timeline they gave, but asides from that I don't think the direction they are going is bad. They aren't asking for much info for level 1 verification, data that could be easily fabricated. I agree that they messed up and that the two-days deadline was a really big 'fuck you' to their customers.

Quote from: americanpegasus on May 20, 2015, 08:24:12 PM

Quote from: TrueCryptonaire on May 20, 2015, 08:10:18 PM

Shorting Monero at Poloniex is now pretty affordable.
It might give some good opportunities if the price bottoms.

On the other hand, borrowing bitcoins to entering into long position is more expensive than opening a short position.
At some point this will trigger a wave of short positions as long as the interest rate gap between Monero and BTC becomes more or less the same.
That's how the free markets work.

You were spouting the same nonsense into the troll box on Polo, encouraging others to short with you, so that you don't lose your pants.

In truth the mild interest rate difference between margin money won't matter when people realize how foolish it is to short a volatile asset that is likely to increase in price by magnitudes over the coming 12 months.

Even over there you were getting called out and made fun of.

Did you experiment with the new XMR shorting feature, and now you're starting to worry?

You were already warned multiple times, do not short Monero, or your account will eventually be margin called and you will lose everything.

If you're going to be so stubborn after these repeated warnings, go ahead. I don't like to make money by taking it from other traders; I would rather my asset organically increase in value.

But if you are so determined to lose all your money, it might as well be to me.

Sorry for your loss (in advance).

Don't listen to anything Truecryptonaire has to say when it comes to trading. He purposely tries to mislead newcomers to lose their money so that he can take it from them. He is a scumbag.

-edited for clarity on which scumbag-