Poloniex proved its balance

Musewhale · October 14, 2015, 03:09:24 PM

Poloniex is margin trade, Below three times are normal

clayop · October 14, 2015, 03:08:12 PM

Quote from: Ander on October 14, 2015, 03:06:02 PM
Quote from: Pheonike on October 14, 2015, 03:03:51 PM
You are not factoring the loan's and shorts. They would account for the differences. That's why ppl don't like showing their books, you get quick to judge ppl screaming from making the wrong conclusions.

No they wouldnt.

But polo has plenty more bts in wallets they arent showing us yet.

Why they don't show the wallets to public?

Ander · October 14, 2015, 03:06:02 PM

Quote from: Pheonike on October 14, 2015, 03:03:51 PM
You are not factoring the loan's and shorts. They would account for the differences. That's why ppl don't like showing their books, you get quick to judge ppl screaming from making the wrong conclusions.

No they wouldnt.

But polo has plenty more bts in wallets they arent showing us yet.

Pheonike · October 14, 2015, 03:03:51 PM

You are not factoring the loan's and shorts. They would account for the differences. That's why ppl don't like showing their books, you get quick to judge ppl screaming from making the wrong conclusions.

Ander · October 14, 2015, 03:02:36 PM

They have way more than 12M bts.

liondani · October 14, 2015, 02:59:54 PM

^^^ THATs why openledger will succeed !!!

liondani · October 14, 2015, 02:56:18 PM

even if so, why triggering a bank run on the exchange with the most volume for bts?
Why spreading panic? It doesn't mean they don't have the fund's because they don't reply to you....
I wouldn't either give my cold wallet details to "random" users....

have you thought that some traders must close their margin buy orders if they want to follow your advise?
How would that impact bts price? Don't forget that the price feeds are heavily depended on poloniex...

PS But sure, like any other centralized exchange they could easily make business like a fractional reserve, and who knows, maybe they manipulate the price in their favor using bot's vs. fresh air!

clayop · October 14, 2015, 02:47:18 PM

Quote from: jakub on October 14, 2015, 02:12:04 PM
It's most probably the case they have not claimed all their 2.0 balances yet.

Any possibilities are open. But if they want to hide their balance, it must be suspicious.

alt · October 14, 2015, 02:24:49 PM

I don't know why all exchanges want to hide their reserve.
It's interesting to see so many people withdraw BTS from polo.
https://bitshares.openledger.info/#/account/poloniexwallet/overview

jakub · October 14, 2015, 02:12:04 PM

It's most probably the case they have not claimed all their 2.0 balances yet.

clayop · October 14, 2015, 09:31:43 AM

Poloniex seems to fake its balance. Its sell order says that it has at least 25 mil BTS, but the account poloniexwallet only has 12 mil now.
I asked about their cold wallet account name but they seem to ignoring my email.

I think it is safe to withdraw all of our BTS from poloniex now.

If you know any accounts related to poloniex, please let me know.

Edit: Poloniex proved its solvency!

https://bitshares.openledger.info/#/account/poloniexcoldstorage