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RE: Circle buying Poloniex and why it's making STEEM price go down temporarily.

in #bitcoin7 years ago

Thank you for sharing this @transisto, I had read about this a few days ago and I feel very positive about Circle buying Poloniex - they have a pretty solid track record and have overcome some issues in the past, so I am confident that they will do well.

I know some people who work at Circle, and honestly I was worried about them jumping on the bandwagon and launching an ICO out of thin air; not a good long term strategy. Seeing that they are buying an exchange first (maybe they won't ICO, but I presume they will do something similar to Binance if they do) is a huge positive in my opinion.

The thing is with Circle is that they will have a huge use case regarding the tokenomic properties of their tokens, and as well as that they should have relatively large volumes trading immediately due to the popularity of Poloniex.

I agree that there are positives and negatives regarding the current price of STEEM because of the acquisition, but at the same time if Circle introduced a FIAT gateway this could drive the price up.

Sort:  
  1. issue tokens for crypto suckers to buy
  2. buy real exchange with large real cash-flow

What could possibly go wrong?

Dear Lukebrn,

very informative comment, I am 53 years old and it is a new world for me. So I try to learn from you young people, This comment can make me picture more clear.

I will follow you and read yours all Post so I can have more information.

Greetings from Berlin.

Welcome to the club, I'm on the same boat as you are - just starting.

I will follow you, and we keep in contact

Greetings Joshi


Welcome to steemit and I like to the people who doesn't think like they knew everything, you're one of them, and you doesn't feel shy to appreciate young people who know new things. Thanks.Hi @ayurvedajoshi

Dear r-k-m, <3

I will follow you and try to learn new things from your post.
Today I try to open an account to buy cryptocurrency and one exchange. It is hard for me to folloe, i try to learn from youtube. ;-)
Greetings from Berlin
New Young genration is very smart.

Thank you and I help my best if I can.

Those younger people were born a smartphone on their hand:). It is kinda weird to see how easy they are using different kind of apps, sites, whatever, as easy as I can drink water. Personally I'm far away from knowing everything and able to do anything. I'm a very slow learning things, but when I learn something, then I just realize how simple or easy something is. I'm a thickhead,lol.

You and I are in the same boat. We know we can't let the world pass us by, but the learning curve is steep.

I will appreciate if you follow me. I am still learning

I will appreciate if you follow me. I am still learning

Wait, could you run that by me again? I didn't catch it the first two times.

Ha ha, we are a lot alike -- I am still learning how to upvote!

I'm also trying to "survive in this jungle" :)

You and are of the same age and we are here for the same reason.

I will appreciate if you follow me. I am still learning

wonder now that Poloniex is under new owners if they will answer support tickets... as I never ever got an answer to any tickets when I submitted them... that is why I do not use Poloniex anymore for a long time.

Yep, binance is currently Head and Shoulders above, will be good to see some seroius competition. If the Circle's token works any way like the binance or kucoin token, it may be worth acquiring some, as of now I know very little about circle, but that will change. Keep in mind also that Bittrex is upping thier game also and becoming a fiat on-ramp.

HODL..... EVERYTHING IS GOING UP. BEFORE IT GOES DOWN
Easy....mining. More fun with friends!

Computta
https://computta.com/?ref=268161

These guys have really figured this out. You can make money while you sleep, Just signup Download the free miner. There is never a fee. (not to sound like a shill) This is like a money drop! I will post again with details of my profits.

i am hodling i hope things go up too! computta.com how to you know it is safe to download?

IDK How do you define safe!

Safe! I guess it might not be. sell your bitcoin turn off all electric appliances.

Reissue tin foil hats to the family unit.

The only safety we have is trust in god!

lol i meant does it have viruses? its not worth it for me anyway thanks 6 dollar a year not worth it

I think, big fishes can controll the other investmen because of buying!

giphy-downsized (24).gif

I'm glad I took everything out of Poloniex recently

I couldn't believe how much money just a few bucks worth of altcoins from 1 year ago were worth now :sunglasses:

Transfer your STEEM to Bittrex

68d09a0588ac49378b4 - Taking donations

i get my steem from binance. i think i have a few on bittrex. I have always wondered why there aren't any steem wallets for phones and stuff. or am i just not hip?

all lies no money comeing in from outside , that the true :P

i hope steem does go up. With Goldman-Sachs behind Circle it is interesting what they may or may not be doing. But from experience Poloniex has a ridiculous withdrawal fees so i never used it!!

what do you think about this? @cleverbot @banjo

 7 years ago  Reveal Comment