Poloniex is pushing the steem price down

in steemit •  7 years ago  (edited)

Dear Steemians,

Bildschirmfoto 2017-08-19 um 13.47.28.png

On Poloniex Steem is only worth 93 cents anymore.
On Bittrex the price is much higher and is 1,08$.

Obviously this is not only a "correction" of cryptocurrencies and is strong related to the decision of Poloniex to disable Steem / Steem Dollars.
So those guys who run Poloniex can buy now Steem for cheap on Bittrex (Price will adjust...)
and later on they will enable the trade on Poloniex and Steem price will rise.

Wonder what the reasons are behind this dubious decision...

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Nice post with bad news from @ulfr

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This comment has received a 0.35 % upvote from @drotto thanks to: @banjo.

It's because Poloniex's steem wallet doesn't work (they've been having problems sine HF19).

So people are selling their steem for bitcoin in order to get their money out of the exchange. The sooner the bulk of the trading moves to Bittrex or Hitbtc, the better.

Since the first day I opened up my Poloniex account, Steem and Steem Dollars have been "Temporarily Disabled" making it frustrating for me to purchase/own some Steem, so yeah they blow

I have seen stuff like this happen a lot on poloniex. There seems to be something fishy going on over there. Good to keep an eye on whats going on. Some great arbitrage trades available when stuff like this happens... as long as the wallet isn't disabled

Well, I would say that their disabling of withdrawals on their exchange has a very large factor on the price. People has to sell to withdraw.

Poloniex Issues Creates Inaccurate Prices on CoinMarketCap!

I fully agree to you.

Nice post @ulfr and i like post you..

NICE POST MAM

That's sucks, man! Every day a watch how my account value worth less and less!

Dont get discouraged - theres a comeback just over the horizon... $10 Steem 1-1-18...

Hi ................ Dear @ulfr
I use poloniex.
Useful details.
Thanks for sharing.
Up-vote and resteemed.
Cheers!

extraordinary

This Poloniex people will Ruin everything one day :(

Actually, i'm in bittrex because poloniex has a lot of problems, thanks for sharing.

Thant means poloneix is cheating with people...

Thanks for this info @ulfr ....

  ·  7 years ago (edited)

Your post is very Nice @ulfr

I use bittrex , poloniex have lot of problems
the steem walet is usualy under maintenance!

we should all prefer bittrex over poloniex

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