Can Poloniex and Coinbase Take Your Money and Trade It Themselves? - Is it happening right now with the fork?

in bitcoin •  7 years ago  (edited)

I just read an article on Steemit

And in it was this

Then I went into my Bittrex account and saw this

Now this wallet has been "under maintenance" for days.

I then read this article by Fortune

"Coinbase has clearly stated the company is not taking customers' Bitcoin Cash for themselves, but its decision to withhold the new currency has led one prominent legal scholar to suggest the company will be sued."

Now I am fairly new to cryptocurrency, but this makes me a little suspicious.

What do you think is happening?

Why cant we trade or move our currency?

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They clearly stated their position well before the fork. I don't see how you can claim they have misrepresented or stolen. To split coins on the exchange would involve additional programming etc on their behalf which they decided not to offer! If users held btc on the exchange (which isn't recommended) they should have withdrawn them prior to the fork. Whether it was the correct decision for them not to offer the split is largely irrelevant! But I think that they had the right to decide whether or not to offer it.

"I don't see how you can claim..."

I didnt claim a damned thing.

Your response is shit. Whats with all of the exclamation points? I stated I was new to cryptocurrency , and merely posed questions because it looked suspicious to me. Im here to learn, not to be talked down to.

I didn't accuse you personally of claiming, I used 'you' in terms of anyone claiming etc!

My response obviously upset you as I disagreed with you. Is that because I have an affinity with exclamation marks? I am amazed that over use of exclamation marks and the fact that I disagreed with your post led you to call my response shit.

Perhaps you should consider the content of my arguements and not simply get upset with the exaggerated grammar? I will gladly continue this discussion if you have a point to make instead of simply trying to insult people.

I will pass.

First they charge outrageous transaction fees and now this. Maybe some regulation in the crypto world wouldn't be such a bad thing after all?

Two hours after your post, I can't even log into Polo. I'm glad my balance with them is under $1 USD.

Yeah, it is wrong and ridiculous.