Re: Poloniex down.

In fact, it's already back up and anyone that panic sold on a separate exchange will get royally fucked.

Actually, it is NOT back up and there are rumors that the domain has been seized by the US government. If this is true, I have a very bad feeling Bitcoin is headed back to under $1,000.
There is no way after all of the recent drama/FUD that there can be global demand for Bitcoin... at least for a while. I predict a long-term bear market up to 3 years due to all of this.

I predict alts market share to fall further and bitcoin to raise if polo goes down..

Stop living in the past! I didn't think people still used Poloniex... when was the last time they added a new alt coin? Use Bittrex, it's 100% better.

That said, it still is scary to think how much we rely on these exchanges... if they all went down, we'd be screwed. Even if we had our altcoins stored in offline exchanges, we still wouldn't be able to cash them in.