New top 10 for XRP markets

[Dennis]

Looks like we are witnessing a changing of the guard

Good news!

[MoorRipple]

Bye Bye Poloniex !!!

 

[posetranos]

I know there have been problems mentioned by others with Polo...but myself i've never had a problem with them. Other than waiting nearly 2 months for a higher tier-level verification but wasn't dyer. Honestly out of all the interfaces, i prefer Polo's with the more real-time changes in price, see everything in one screen on a per crypto-basis....i know you can get bitstamp, gatehub, bittrex, changelly and such but find their interfaces a little less intuitive, although not saying they aren't good. 

Anyways, i'm open to hear the problems with Polo. Usually i hear people saying they've waited weeks for helpdesk ticket resolution, to disabled wallets to DDOS attacks (which are beyond Polo's control) that have affected peoples' ability to trade. 

 

[Xi195]

3 minutes ago, posetranos said:

Honestly out of all the interfaces, i prefer Polo's with the more real-time changes in price, see everything in one screen on a per crypto-basis....i know you can get bitstamp, gatehub, bittrex,

Completely agree. I don't keep funds on Polo because I think it's a top target for hacking but their UI, functionality, and coin offering are unmatched in combination. We don't want volume so centralized, but besides that (and their sloppy XRP integration), Im a fan. 

[posetranos]

Some on this site, have also indicated they think Polo manipulates/controls some aspect of these markets but i can't see how. I've always thought if you can restrict the number of exchanges to which xrp is sold, it would also give an idea as to the demand.

Right now it seems xrp is now sold on more than half-a-dozen exchanges which, i think, takes away the ability to restrict what exchanges can provide xrp. Or maybe that's what we want....? Ability to provide to as many exchanges as possible?

[Dennis]

More exchanges = more volume = more liquidity = less likely short selling at polo will affect the global value levels of XRP. 

Who knows which exchange will have the next major issue.  Diversification is a hedge against this.

 

[Alluvial]

3 hours ago, Dennis said:

More exchanges = more volume = more liquidity = less likely short selling at polo will affect the global value levels of XRP. 

Who knows which exchange will have the next major issue.  Diversification is a hedge against this.

 

Do all the exchanges allow for shorting and/or margin?  My preference would be to avoid those exchanges because manipulation can occur with shorting or naked shorting, where the shorting party is able to cause lower prices to the point of margin calls, which results in forced selling, and then more margin calls, etc, and then the shorting party covers at the much lower price, and makes a lot of money.  It would take a big whale to do that, but it is not impossible.   If you're on RCL, they can't use your xrps to short (I don't believe).

[Dennis]

2 hours ago, Alluvial said:

Do all the exchanges allow for shorting and/or margin?  My preference would be to avoid those exchanges because manipulation can occur with shorting or naked shorting, where the shorting party is able to cause lower prices to the point of margin calls, which results in forced selling, and then more margin calls, etc, and then the shorting party covers at the much lower price, and makes a lot of money.  It would take a big whale to do that, but it is not impossible.   If you're on RCL, they can't use your xrps to short (I don't believe).

Each has their own take on margin (or leveraging against your bitcoin position), but they also have to adhere to jurisdictional rules, by country, state, province, localities, etc.  

You have to research each in turn, but I'm sure there is a list somewhere on the internet.  Kraken, Polo, Bitfinex def do offer leveraging.