Quote from: alrachid on May 11, 2017, 08:53:14 PM

Poloniex is running a very elaborate complex scam. I don't care who disagrees, and if you do disagree then you most likely have a 39+hour/week job and don't get to sit and watch the website all day and night, if you want. They had "lag" at 5k ppl, at 10k ppl, at 20k at 30k ppl. The same kind of bullshit lag where normal people cannot put orders in, close orders, cancel orders, close margins, transfer balances, get charged lending fees with no orders open, coins held hostage until the 10% move is over with, and many other things that I just am not able to remember atm. They colluded with the DAO Hack to make tons of money from trading fees. I lost 900$ even tho I closed my margin order 900$ in the profit, they let it lag and closed my order where thousands of satoshi away from where I closed it. That was with like 8k users and it lagged all the same it did yesterday with 32k users. It's BS and I honestly believe they will eventually follow the same path as Cryptsy.

Correct. It is essentially an elaborate bucket shop. When you trade and win at a bucket shop you are not taking money from other traders but from the shop itself. Just like in Vegas, if you win consistently they will shut down on you. I believe they are involved in the trades themselves, that they are freezing coins that show them a loss and then letting bots walk them down. They will be gone before the end of the year IMHO. Everything I'm seeing right now at Poloniex I saw at Cryptsy. Mark my words. Jesse saw this over 100 years ago:

"As it was, it didn't take long for the bucket shops to get
sore on me for beating them. I'd walk in and plank down my
margin, but they'd look at it without making a move to grab it.
They'd tell me there was nothing doing. That was the time they
got to calling me the Boy Plunger. I had to be changing brokers
all the time, going from one bucket shop to another. It got so
that I had to give a fictitious name. I'd begin light, only
fifteen or twenty shares. At times, when they got suspicious,
I'd lose on purpose at first and then sting them proper. Of
course after a little while they'd find me too expensive and
they'd tell me to take myself and my business elsewhere and not
interfere with the owners' dividends.
Once, when the big concern I'd been trading with for months
shut down on me I made up my mind to take a little more of their
money away from them. That bucket shop had branches all over the
city, in hotel lobbies, and in nearby towns. I went to one of
the hotel branches and asked the manager a few questions and
finally got to trading. But as soon as I played an active stock
my especial way he began to get messages from the head office
asking who it was that was operating. The manager told me what
they asked him and I told him my name was Edward Robinson, of
Cambridge. He telephoned the glad news to the big chief. But the
other end wanted to know what I looked like. When the manager
told me that I said to him, "Tell him I am a short fat man with
dark hair and a bushy beard 1" But he described me instead, and
then he listened and his face got red and he hung up and told me
to beat it.
"What did they say to you?" I asked him politely.
"They said, `You blankety-blank fool, didn't we tell you to
take no business from Larry Livermore? And you deliberately let
him trim us out of $700!" He didn't say what else they told him.
I tried the other branches one after another, but they all
got to know me, and my money wasn't any good in any of their
offices. I couldn't even go in to look at the quotations without
some of the clerks making cracks at me. I tried to get
them to let me trade at long intervals by dividing my visits
among them all. But that didn't work."

"Everybody in the room heard me and began to look toward us
and ask what was the trouble, for, you see, while the
Cosmopolitan had never laid down, there was no telling, and a
run on a bucket shop can start like a run on a bank. If one
customer gets suspicious the others follow suit. So Tom looked
sulky, but came over and marked my tickets "Closed at 103" and
shoved the seven of them over toward me. He sure had a sour
face.
Say, the distance from Tom's place to the cashier's cage
wasn't over eight feet. But I hadn't got to the cashier to get
my money when Dave Wyman by the ticker yelled excitedly
"Gosh! Sugar, 108!" But it was too late; so I just laughed and
called over to Tom, "It didn't work that time, did it, old boy?"
Of course, it was a put-up job. Henry Williams and I to-
gether were short six thousand shares of Sugar. That bucket shop
had my margin and Henry's, and there may have been a lot of
other Sugar shorts in the office; possibly eight or ten thousand
shares in all. Suppose they had $20,000 in Sugar margins. That
was enough to pay the shop to thimblerig the market on the New
York Stock Exchange and wipe us out. In the old days whenever a
bucket shop found itself loaded with too many bulls on a certain
stock it was a common practice to get some broker to wash down
the price of that particular stock far enough to wipe out all
the customers that were long of it. This seldom cost the bucket
shop more than a couple of points on a few hundred shares, and
they made thousands of dollars.
That was what the Cosmopolitan did to get me and Henry
Williams and the other Sugar shorts. Their brokers in New York
ran up the price. Of course it fell right back, but Henry
and a lot of others were wiped out. Whenever there was an
unexplained sharp drop which was followed by instant recovery,
the newspapers in those days used to call it a bucket-shop
drive."

REMINISCENCES OF A STOCK OPERATOR

http://www.nowandfutures.com/large/Reminiscences_of_a_Stock_Operator_Jesse_Livermore.pdf