Poloniex encouraging various (morally questionably and dubious) techniques with trading.

in #poloniex5 years ago

Honestly I admit I missed the boat: https://twitter.com/marsxrobertson/status/1209834417360982016

Poloniex had no fees

https://poloniex.com/fees/

zero-fees-fall-2019.jpg

Starting from October 21, 2019 17:00 UTC, all spot trading fees will be reduced to 0.00% until December 31, 2019 23:59 UTC.

On top that, there is another promo: https://poloniex.com/leaderboard/trx-trading-competition

Screenshot 2019-12-27 at 09.39.49.png

Why I bother? Arbitrage

https://www.reddit.com/r/algotrading/comments/8by81s/crypto_arbitrage_agent_smith_arbing_the_great/

I really wanted to do this, but unfortunately "all talk, no action" - I was busy with small potatoes rather significant potential gains...


It's essentially a magnet, something to get traders use the platform, use the bots, provide liquidity...

(now the boat has sailed - note to self - focus on bigger potatoes)

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