Is insider trading possible on Poloniex?

OP:

This was @rblock his answer:

after which @bullet made this out of it:[quote=“bullet, post:11, topic:8090”]
It seems responses from members reveal they have the opinion that the development team does indeed have and use the advantage of inside information.
[/quote]


that simply wasn’t what @rblock said so not very strange that people got a bit upset after making up stuff that “others in the community said”

Who is “he”…

No idea who he is, which he are you talking about?

Are you saying you have given this subject its own topic. Does that mean you have renamed the title? Did @bullet name the thread Possibility to insider trading on Poloniex? Did @bullet originally use another title? And if you have changed it, why?

What are you insinuating? It’s a new topic (as you can see), I decided what the title is because I don’t know what the original title was and this shows what it is about.

OP:

So title: Is insider trading possible on Poloniex?

If @bullit would like to have another title he can PM the moderators by using @moderators

It looks like an accusatory thread with that title. As you have made the title up, it now appears you could be accusing @bullet of accusing someone of insider trading.

I don’t see it as an accusatory thread, like I said: If @bullet likes to have a different title he can PM us.

Possibility to insider trading on Poloniex? sounds like a statement with a question mark at the end.
Nice one melvin

That’s not what the title says :slight_smile: Please get back on topic now because this is getting a bit ridiculous. @bullet can approach us if he or she thinks there’s a problem.

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Way to badger @Melvin when it seems as though the ones throwing around accusations are you and @bullet. Don’t like being mod’d? Then don’t come off as so moderatable! :smile: I made up a new word yaaay

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Polo and all crypto exchanges are unregulated as far as insider trading. They do not follow the same regs as say US stock markets do.

This makes them susceptible to pump and dump schemes and also to large price movements. You are correct.

Oh, youve changed the title again. My apologies. Thats better.

Bullet if you’re still reading… I’ve been watching the MAID/BTC market on Polo for months. There is no rhyme or reason to the market. I’ve seen gradual decreases in the price leading up to positive Dev updates, I’ve seen big jumps immediately after good news, I’ve seen tiny spikes followed by gradual decreases even after good news, and so on… Try predicting what the market will do and you’ll do your head in. And just when you think you understand what’s happening, some dude will randomly sell 2M MAID in a single order and turn the whole thing on its head for a week.

As I said in the other thread, if there was some funny business going on, the scale would be tiny and the chances of it being profitable would be dubious at best. If you’re going to play in crypto markets you need to just accept that it’s the wild west, pick a price that you’re comfortable with and go with it.

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The last change was before you started discussion about the title :slight_smile:

I couldn’t have said it better.

@bullet I don’t know if you’re a reporter or the average SAFE-enthusiast. However, it is obvious that you’re trying very hard to make some sort of accusation against the maidsafe team, or the safe network.

As @000 said, it is obvious that the majority of MAID is not being traded and is instead being held by the IPO buyers (showing that most investors in MAID truly believe in the SAFE network).

But let’s be honest, of course it could be manipulated, the market cap is a mere $30 million which for any market segment is inexplicably insignficant, whether you sell soap, jeans, or apple pies, $30 million is not nearly big enough for serious competitors.

I’m fully open to reviewing any screenshots/chat history/dev team analysis that leads you to believe there is insider trading going on. But your accusations are totally and incomprehensibly unfounded.

Thank christ the SAFE community is more intelligent than most, and that these kinds of threads are met with immediate skepticisim.

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False accusations? Did you mean this.[quote=“bullet, post:11, topic:8090, full:true”]
It seems responses from members reveal they have the opinion that the development team does indeed have and use the advantage of inside information.Are there any other members who share this opinion.
[/quote]

Whats false? I accused rblock of having the opinion that you shouldnt invest in maid if your worried about insider trading.

He says they ALL behave quite the same in inner circles.

Now I happen to point out HIS opinion and every member on this thread ignores it and attacks me as if it was my opinion.

Well thanks for using your intelligence on this one.

And back to you @Melvin .[quote=“Melvin, post:12, topic:8090, full:true”]
I don’t see anyone saying this and I don’t believe they do. I know it’s not unusual in the Bitcoin space that these things happen but I haven’t seen any sign yet that it happens here.
[/quote]

Can you not see this?[quote=“rblock, post:6, topic:8090, full:true”]
You must be new. Almost all cryptos available for trade are subjected to insider trading. If you are worried about updates being used for insider trading then you shouldn’t invest in maidsafe/safecoin, or really any cryptocurrency for that matter because they all behave quite the same with people in the inner circle having the advantage over the general community.

As a long term holder, I’ve been waiting for over 8 months and will continue to wait for another 1-2 years for updates.
[/quote]

This stinks. And you lot kill the messenger.

This:

Isn’t a directed towards Maidsafe, he says that it happens a lot in the cryptocurrency space. You’ll never have a 100% guarantee because we don’t know who own what. So if you need that to buy any coins ever coins you shouldn’t buy them at all.

Out of his statement about the general crypto world you brewed this:

Nobody said this and you can read that :slight_smile:

@Melvin read it again melvin He says [quote=“Melvin, post:58, topic:8090”]
because they all behave quite the same with people in the inner circle having the advantage over the general community.
[/quote]
He says ALL behave quite the same. So yes he is directing at maidsafe. Why are you defending this member?

I’m not defending this member, I don’t even fully agree with what he says. But I do know that he doesn’t say that Maidsafe does this. Last time I’m quoting and answering about this because there’s more for me to do than quoting:

@rblock:

“Almost all cryptos available for trade are subjected to insider trading.”

@bullet:

“It seems responses from members reveal they have the opinion that the development team does indeed have and use the advantage of inside information.”

do you see the difference?


He says: Almost all cryptos available for trade are subjected to insider trading.

It doesn’t even matter what he says, he simply doesn’t know and the same goes for you and me.

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Yes melvin that is correct. He then goes on to say[quote=“rblock, post:6, topic:8090”]
If you are worried about updates being used for insider trading then you shouldn’t invest in maidsafe/safecoin, or really any cryptocurrency for that matter because they all behave quite the same with people in the inner circle having the advantage over the general community.
[/quote]
ALL melvin, read the word. ALL

1 Like