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RE: Suspicious Poloniex now also offline

in #poloniex8 years ago

Hmm. I was hoping that was a mistake, but I just tried to log in and got the message 'This page isn't working. poloniex.com is unable to handle this request'. I hope this is a short-term problem. I did have a few different altcoins on there, but was getting worried about all the messages I was seeing about them, so moved most of them to bittrex last week, thankfully. I have mixed feelings about it, as it's like a bank run: Even if the bank isn't having active problems, as soon as people think they exist, they start withdrawing funds, which creates problems even if there were none before. (Since everything nowadays is on fractional reserve). And that becomes a self-perpetuating cycle- any bank/exchange is safe only as long as the majority believe in it. (Which is basically true for every bank/fiat system). Ho hum. We life in interesting times. Diversify, diversify, diversify...