RE: The Plot Thickens as I Look Into the Poloniex Wallet and Discover Something Shocking!
Really tough to read these @markrmorrisjr ...I've seen some posts here that you can click a link to enlarge. It's over my head atm but I'm sure someone can help you help us to be better able to look at what you're offering up.
For now I'll take your word for what's there...no one else has said that there's no "there" there. It's upsetting to me to hear of this. For whatever reason, arbitrage for profit, leverage ( a two edge sword imo ). I'll just say many at Poloniex Trollbox straight up accused them of manipulating their own exchange...I didn't give such accusations credence as there was no proof.
Not saying this is proof...but if they would do something like this...then they can also DDOS themselves...creating panic selling and profiting from not only their set percentage for every trade...but shorting on margin through friends, insiders, sock puppets.
As much as I have great hope for the future of the blockchain and the cryptosphere...I fear this just may be all part of the rich and powerful playing both sides of the fence...making profit from the greater fools...all the while destroying the market itself...leaving the blockchain unsupported yet still of use to themselves.
These have been my thoughts for sometime. Since the media/mindscapers began positive reporting of Bitcoin...then the banks getting involved...well it doesn't take a psychic or a psychiatrist to know what these power brokers are capable of.
I expect I'm just being paranoid. I certainly hope so. I'll not be buying into the hype anymore with my hard earned wages. I've invested my last fiat dollar in cryptocurrencies as of this moment and will just continue to ride the whales as best I can with the house's money.
/sad face/
Right click on the image and select "View Image" to enlarge.
That's it...I had forgotten. Thanks for taking the time to enlighten me. :-)
If we don't self-regulate this industry, they will take it over. Then we'll be taxed as well as charged fees on every transaction, and eventually, the larger buys will require a licensed broker.
Just woke up and having my morning cuppa joe...and getting more pissed about this revelation. :-/
I sure hope somebody knows how to work out a "grandfather" clause for those who were registered traders before any laws change. Still not putting any of my worthless fiat into the cryptosphere until I know, with high certainty, that what appears to be happening...is not.
Thanks for this informative post @markrmorrisjr
~peace out...in~
Well, you can multiply your fiat and take it back out on a daily basis, man. I'd be remiss if I didn't say, you need to invest at least a little.