XRP is pumping like nothing.
I feel sorry for margin players. Probably there is blood over there.
Poloniex Down in The Middle of xrp (huge) Pump
8 years ago by skapaneas (70)
$0.13
- Past Payouts $0.13
- - Author $0.12
- - Curators $0.01
57 votes
- + thecryptofiend: $0.049 (100%)
- + hipster: $0.018 (50%)
- + joele: $0.010 (100%)
- + speda: $0.008 (100%)
- + opheliafu: $0.007 (73%)
- + dunia: $0.005 (6%)
- + fyrstikken: $0.003 (1%)
- + sulev: $0.002 (100%)
- + dodders007: $0.002 (100%)
- + acidyo: $0.002 (50%)
- + bryan-imhoff: $0.002 (100%)
- + vi1son: $0.002 (100%)
- + dimimp: $0.002 (1%)
- + krabgat: $0.002 (100%)
- + skapaneas: $0.002 (100%)
- + gonzo: $0.001 (100%)
- + mokluc: $0.001 (66%)
- + makishart: $0.001 (85%)
- + pal: $0.001 (3.6%)
- + elgeko: $0.001 (30%)
- … and 37 more
Such a coincidence how often they go down during pumps. Why don't they upgrade their infrastructure? Or is there perhaps more to it?
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Its like ddos of real interest, I guess everyone has some scaling issues.
But there is perhaps more to it. Were there is money, there is always more into it.
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Thing is I could understand it in 2014 but 3 years later nothing has changed when it comes to this behaviour. Except Polo is not a small exchange any more though. There is only so many times you can get caught out before people have to conclude that it is not an accident e.g. some kind of insider shenanigans or just negligence by way of not investing in the right technology.
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The NYSE has automatic circuit breakers in the event of a crash ASOP.
This is Trading.
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Expect this as normal trading. When everyone rushes for the exit at the same time not everyone gets out. Exit strategies have to be in place before the crash.
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Crashed when XRP hit 7 cents U.S. Poloniex had around 23,000 users online. Poloniex usually is runs smooth with 15k users. Lotta people lost alot of money....A bloodbath!!!!!
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