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RE: Poloniex Unconfirmed SBD Deposits: MINIMUM OF 20548.17 SBD in Last 34 HOURS EXCLUDING BITTREX DEPOSTS!!!

in #steemit7 years ago

I don't think so but this can lead to poloniex going out of business and they own a lot more STEEM than SBD and if they start selling their STEEM, the price of STEEM is gonna crash!!!

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It doesn't really work that way: they don't own the Steem in their wallet, so they can't sell it.

Thanks for your upvote and reply! Appreciate it... I didn't notice blocktrades was on the list too. I removed bittrex because I thought maybe their transfers get approved because they have transferred way over 40K SBD in the past 34 hours! What about you guys? Have you received any of the SBDs on the exchange?

The bittrex transfers are probably just individuals that trade on bittrex doing withdrawals, thinking they can make a quick buck when they see the higher price on poloniex, not realizing there's a good reason why that price is so different.

Oh wow! Then the amount is much higher. I thought the bittrex transfers were using a different API.

No, not yet. I made a few transfers because it looked like deposits had been re-enabled, but didn't get credited for them.