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Topic: Bitfinex- bank blocked all their deposits - page 2. (Read 11044 times)

legendary
Activity: 1372
Merit: 1014
~snipped~

As I said, you won't be able to sidestep the issue, talk it away, or otherwise wash it out

My reasoning is pretty simple (and I expect you to come up with something as simple), i.e. if Bitcoin price is overall rising (which it is), it tells that people prefer Bitcoin to fiat. I don't really know how you can interpret it any other way, let alone claim that people buy Bitcoin because they prefer fiat. But that's what all your arguments can be reduced to

When explanation are not working the way you wished for you're bringing the discussion to the starting point and asking again the same stuff.
No, this is not how it works.

You're doing right now the sidestepping.
And if you want a real discussion you should also start answering questions. And that bold one I've asked there would be perfect.

So:

Why in the name of god do we have a 125 dollar spread right now?


Because they can only send money to Taiwan bank accounts. Most people do not have one.

Y U NO READ COINDESK?
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
Yeah , how the hell should I explain this to the guy that was cheering up how Mt Gox was going up with no usd withdrawals available at that time Huh
Also I love how you try to use lots of words these days to say nothing. A requirement or some sort of?

I'm just practicing my language skills to the limit

Really, why waste time and space? Anyway, Mt. Gox is irrelevant since this is not what your point is about (nor is it even remotely related). Even if Bitfinex is going to scam (which I doubt, though I have vested interests in them not to scam, so I may be biased), this won't change a thing. Bitfinex had already been monumentally hacked in the past (since you love history so much, you should know that story too). And the price went down some 50 dollars (around 10% in those prices), though in a month or so it fully recovered and then went exponential since September-October last year. So, at max, we will see a correction down to 1,000-900 dollars per coin but that's pretty much all that the buyers of panic sellers should hope for. Ultimately, SegWit activation (or lack thereof) will have a more profound and lasting effect on prices than Bitfinex USD withdrawal issues, which are just a minor aberration or anomaly over long term (if they don't scam, of course)
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Yeah , how the hell should I explain this to the guy that was cheering up how Mt Gox was going up with no usd withdrawals available at that time Huh
Also I love how you try to use lots of words these days to say nothing. A requirement or some sort of?


legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
I love how you deny history all the way.
On last question, are those FACTS true or not?

September 2013, problems with cash withdrawals on Mt gox , no payment completed since the start of the month.
Price of bitcoin is soaring
April 2017, problems with cash withdrawals on Bitfinex.
Price of bitcoin is soaring

I guess you should first explain how these "facts" are related to your original claim

Which was about people preferring fiat to Bitcoin, I have to remind you. I specifically mention it again and again since, first, it was evident right from the start that you would try to sidestep this claim just because your claim is untenable right now (for the reasons I explained above), and, second, as I told you also, that trick wouldn't work. You still have to explain coherently how people can possibly prefer fiat to Bitcoin in circumstances when Bitcoin prices are rising everywhere (including the exchanges where fiat withdrawals are not limited)
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
I love how you deny history all the way.
On last question, are those FACTS true or not?

September 2013, problems with cash withdrawals on Mt gox , no payment completed since the start of the month.
Price of bitcoin is soaring
April 2017, problems with cash withdrawals on Bitfinex.
Price of bitcoin is soaring


Hahaha, this is gold:
https://bitcointalk.org/index.php?topic=329805.40
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
I think you are a lot more "uncivilized" than myself with all your clowning around here

Regarding the Mt. Gox crash, I expected that you would bring up this issue sooner or later. Now you have to explain what it has to do with current situation. Just a reminder, prices crashed back then while today they are growing. So, as I can see it, this is not a valid reference by any means, but you may of course be of different opinion. Simply put, I don't care

Wow, was mt gox so far away , 3 millennia that you don't remember?
What is had to do with current situation?

Let's remember feb 2014, shall we?
People can't get bitcoins out of gox, bitcoin prices crash against usd. On all exchangers.

When the prices start crashing, then you can start claiming that people prefer fiat to Bitcoin

But right now it is the other way round, any way you look at it. You, personally, may not even look at it altogether, your opinion is irrelevant anyway. So far people can withdraw coins from Bitfinex, and it should be pretty obvious that the current situation has nothing in common with what happened at Mt. Gox. Bitfinex is not the first exchange which has issues with fiat withdrawals. Btc-e, which you mentioned, had absolutely the same problems some time ago (and with the same Taiwanese banks, by the way). And this doesn't cause Bitcoin prices to crash, despite your claims. Somehow, it only makes Bitcoin more expensive across all markets, which, as I said earlier, completely invalidates your claims (that people prefer fiat to Bitcoin). And just in case, you cannot withdraw Hong-Kong dollars from Btc-e, this currency is not even listed there. I'm trading there too, for your information
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
I think you are a lot more "uncivilized" than myself with all your clowning around here

Regarding the Mt. Gox crash, I expected that you would bring up this issue sooner or later. Now you have to explain what it has to do with current situation. Just a reminder, prices crashed back then while today they are growing. So, as I can see it, this is not a valid reference by any means, but you may of course be of different opinion. Simply put, I don't care

Wow, was mt gox so far away , 3 millennia that you don't remember?
What is had to do with current situation?

Let's remember feb 2014, shall we?
People can't get bitcoins out of gox, bitcoin prices crash against usd. On all exchangers.
April 2017.
People can't' get usd out of bitfinex, usd prices crash against bitcoin. On all exchangers.


September 2013 , problems with cash withdrawals on Mt gox.
Price of bitcoin is soaring
April 2017, problems with cash withdrawals on Bitfinex.
Price of bitcoin is soaring


Probably that was too hard for you let's try a simpler version.


You can withdraw bitcoins, honk donk dolalrs from Bitfinex.  Price at 1420.
You can withdraw bitcoins , hon konk dollars and real dollars from btc-e. Price at 1290.


So only the availability of usd withdrawals keeps the spread at close to 130$.




legendary
Activity: 3276
Merit: 2442
The minute these libertarians get their Bitcoins stolen or if an exchange fails, where would they run most likely? Yes the government that they hate so much.
Bitcoins are rarely stolen from personal computers. If you're holding a large amount, invest in a separate laptop. You can even encrypt it if you're worried about home invasion. Put a bit of effort into storing your own bitcoins and you'll have nothing to worry about. The end result is equal to the effort applied.  Wink

Keep in mind that if someone does invade your house and steal your bitcoins, this is in fact god punishing you, forcing you to pay for your own debts.  Cry

Omg you people are making me so sad. Putting your coins into a separate laptop and encrypt the whole system. Jeez.

If you are afraid of getting robbed, then why don't you just memorize the private key? Lock it in your brain. It is easier than you think. Divide the whole private key into 5-6 parts and memorize them one after the other. Are you too dumb for this?

You don't need computers, papers, memory/usb sticks, cloud storage, cellphones while you got your brain functioning. The question is; is it functioning?
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
These are not personal attacks, I'm just letting you know how it feels

You've been warned that you won't be able to sidestep or otherwise obfuscate this issue. You said that people prefer fiat to Bitcoin, care to explain finally how this is ever possible when Bitcoin price is rising? My conclusion is the same, no need to muddle waters here. The net effect is that people prefer to keep their bitcoins, not dump them. But since the price is rising at all markets that necessarily means that they are pouring fiat into Bitcoin, not the other way round. How many times should I repeat that? Further, it is FIAT withdrawals that are disabled at Bitfinex, and only USD withdrawals at that, so no need to make it look as if all withdrawals are disabled there. You can still withdraw to Swiss franc and Hong-King dollar (via individual requests), apart from crypto, obviously

If people really wanted to dump their coins for fiat, they would withdraw these coins to other exchanges and sell them there. That would necessarily cause the prices to crash everywhere except Bitfinex (now think how stupid your remarks sound and your antics look even if you can't understand how markets work), and likely at Bitfinex too (though the spread would probably widen). I'm trading there myself and unless Bitfinex is going to scam, I don't give a fuck about fiat withdrawals being disabled. In fact, I give a fuck, but certainly not in the way you may think. People are looking to multiply their profits and these profits are certainly counted in bitcoins, not fiat

Hahaha , profits are counted in bitcoins Smiley.
This is the kind of sidestepping you're doing continuously.

If people are counting their profits in bitcoins why the hell are you talking about the price rise in USD?
Simply, because that is all that matters. In this world right now people don't give a damn on anything else than what a bitcoin is worth in usd. IN FIAT!.

Quote
But since the price is rising at all markets that necessarily means that they are pouring fiat into Bitcoin, not the other way round.

The same happened 3 years ago, with the mtgox fiasco.
Where people pouring money into btc? Well, they did poured a lot of money so when the bubble burst we went down to 400.
Funny how at that time you could withdraw yen but not usd, now you can with honk dong dollars.

Still no answer why people who prefer bitcoins are not buying into the 129 spread.
Probably cause they prefer to stay away from this if it blows the same at mtgox.

You can't do anything else than attacks and
Quote
weak
ones, probably cause you're having trouble expressing yourself in a civilized way so don't bother anymore

I think you are a lot more "uncivilized" than myself with all your clowning around here

Regarding the Mt. Gox crash, I expected that you would bring up this issue sooner or later. Now you have to explain what it has to do with current situation. Just a reminder, prices crashed back then while today they are growing. So, as I can see it, this is not a valid reference by any means, but you may of course be of different opinion. Simply put, I don't care

Still no answer why people who prefer bitcoins are not buying into the 129 spread

If prices are rising, it necessarily means that demand surpasses supply. If you have problems with inferences (which is what I referred to by you being "weak", your reasoning is weak), that means that people are buying more bitcoins than selling them. Learn it finally and accept it at last. Exactly in this case, it means that at Bitfinex people are more actively buying bitcoins than at other exchanges, but prices have risen a lot there too. And it means just that, that people are buying bitcoins. Apart from that, I'm curious where you got this figure from. Right now, the price at Bitfinex is at 1,414 while at Coinbase at 1,341 dollars per coin

If people are counting their profits in bitcoins why the hell are you talking about the price rise in USD?

Because people are (mostly) buying bitcoins with dollars. What other questions are not clear to you?
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
These are not personal attacks, I'm just letting you know how it feels

You've been warned that you won't be able to sidestep or otherwise obfuscate this issue. You said that people prefer fiat to Bitcoin, care to explain finally how this is ever possible when Bitcoin price is rising? My conclusion is the same, no need to muddle waters here. The net effect is that people prefer to keep their bitcoins, not dump them. But since the price is rising at all markets that necessarily means that they are pouring fiat into Bitcoin, not the other way round. How many times should I repeat that? Further, it is FIAT withdrawals that are disabled at Bitfinex, and only USD withdrawals at that, so no need to make it look as if all withdrawals are disabled there. You can still withdraw to Swiss franc and Hong-King dollar (via individual requests), apart from crypto, obviously

If people really wanted to dump their coins for fiat, they would withdraw these coins to other exchanges and sell them there. That would necessarily cause the prices to crash everywhere except Bitfinex (now think how stupid your remarks sound and your antics look even if you can't understand how markets work), and likely at Bitfinex too (though the spread would probably widen). I'm trading there myself and unless Bitfinex is going to scam, I don't give a fuck about fiat withdrawals being disabled. In fact, I give a fuck, but certainly not in the way you may think. People are looking to multiply their profits and these profits are certainly counted in bitcoins, not fiat

Hahaha , profits are counted in bitcoins Smiley.
This is the kind of sidestepping you're doing continuously.

If people are counting their profits in bitcoins why the hell are you talking about the price rise in USD?
Simply, because that is all that matters. In this world right now people don't give a damn on anything else than what a bitcoin is worth in usd. IN FIAT!.

Quote
But since the price is rising at all markets that necessarily means that they are pouring fiat into Bitcoin, not the other way round.

The same happened 3 years ago, with the mtgox fiasco.
Where people pouring money into btc? Well, they did poured a lot of money so when the bubble burst we went down to 400.
Funny how at that time you could withdraw yen but not usd, now you can with honk dong dollars.

Still no answer why people who prefer bitcoins are not buying into the 129 spread.
Probably cause they prefer to stay away from this if it blows the same at mtgox.

You can't do anything else than attacks and
Quote
weak
ones, probably cause you're having trouble expressing yourself in a civilized way so don't bother anymore

I think you are a lot more "uncivilized" than myself with all your clowning around here

Regarding the Mt. Gox crash, I expected that you would bring up this issue sooner or later. Now you have to explain what it has to do with current situation. Just a reminder, prices crashed back then while today they are growing. So, as I can see it, this is not a valid reference, but you may of course be of different opinion. Simply put, I don't care

Still no answer why people who prefer bitcoins are not buying into the 129 spread

If prices are rising, it necessarily means that demand surpasses supply. If you have problems with inferences, that means that people are buying more bitcoins than selling them. Learn it finally
staff
Activity: 3500
Merit: 6152
Anything changed in the last a few days? because I see a huge trading volume with BTC/USD and other alts/USD. I believe that they never had a higher trading volume then they have right now so how is this possible If the accounts are freezed. and how come that they are the only one having 1410$ = 1BTC?
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
These are not personal attacks, I'm just letting you know how it feels

You've been warned that you won't be able to sidestep or otherwise obfuscate this issue. You said that people prefer fiat to Bitcoin, care to explain finally how this is ever possible when Bitcoin price is rising? My conclusion is the same, no need to muddle waters here. The net effect is that people prefer to keep their bitcoins, not dump them. But since the price is rising at all markets that necessarily means that they are pouring fiat into Bitcoin, not the other way round. How many times should I repeat that? Further, it is FIAT withdrawals that are disabled at Bitfinex, and only USD withdrawals at that, so no need to make it look as if all withdrawals are disabled there. You can still withdraw to Swiss franc and Hong-King dollar (via individual requests), apart from crypto, obviously

If people really wanted to dump their coins for fiat, they would withdraw these coins to other exchanges and sell them there. That would necessarily cause the prices to crash everywhere except Bitfinex (now think how stupid your remarks sound and your antics look even if you can't understand how markets work), and likely at Bitfinex too (though the spread would probably widen). I'm trading there myself and unless Bitfinex is going to scam, I don't give a fuck about fiat withdrawals being disabled. In fact, I give a fuck, but certainly not in the way you may think. People are looking to multiply their profits and these profits are certainly counted in bitcoins, not fiat

Hahaha , profits are counted in bitcoins Smiley.
This is the kind of sidestepping you're doing continuously.

If people are counting their profits in bitcoins why the hell are you talking about the price rise in USD?
Simply, because that is all that matters. In this world right now people don't give a damn on anything else than what a bitcoin is worth in usd. IN FIAT!.

Quote
But since the price is rising at all markets that necessarily means that they are pouring fiat into Bitcoin, not the other way round.

The same happened 3 years ago, with the mtgox fiasco.
Where people pouring money into btc? Well, they did poured a lot of money so when the bubble burst we went down to 400.
Funny how at that time you could withdraw yen but not usd, now you can with honk dong dollars.

Still no answer why people who prefer bitcoins are not buying into the 129 spread.
Probably cause they prefer to stay away from this if it blows the same at mtgox.

You can't do anything else than attacks and
Quote
weak
ones, probably cause you're having trouble expressing yourself in a civilized way so don't bother anymore.






legendary
Activity: 1470
Merit: 1004
..snip..
What do you mean? That all that is going on with Bitfinex is completely like what went on with MtGox? I believe not yet. There was a massive buying that catapulted the price of Bitcoin from a few hundred to over $1000. I hope we see it happen again. Cheesy

if you are talking about the 2013 gox price then it was "catapulted" from less than $200 to above $1100 in nearly 2 months.
and no one likes that to happen again unless you are a fiat fan and want to take your fiat out of bitcoin and give up on bitcoin.

Do not be a plaster saint. We all know that the fiat value of Bitcoin still and will always matter to you, to me and everyone else. Why do you think many people in Bitcoin love to speculate on the price? If you have found a new way to measure Bitcoin's value do not hesitate to tell us.

i don't know what "plaster saint means" Tongue
and i am not talking about "the price" i am talking about "how the price get there". nobody wasnts a fast price rise leading to a bubble and then bubble bursting and price coming down.
we all want bitcoin price to rise up, obviously. but most of all we want it to stay there. that is why we prefer a more stable and slow rise.

someone who wants more fiat and doesn't care about bitcoin price wants the opposite. they want the price to rise up fast so they can cash out and then after the dump buy back in and cash out again with more fiat.

Plaster saint means hypocrite. You make it appear in your first reply to me that only fiat fans want the price of Bitcoin to go up. Are you not a fiat fan? Of course you are, we all are!

There are a few people on the forum that hate fiat. They live in a fantasy land where Bitcoin is the world currency and there is no government, big banks or taxes because Bitcoin washed it all away. Government is a tiny little thing who's only real job is annual mosquito control at lakes and ponds. Everyone is free to rape, pillage, do drugs, shoot machine guns in their back yard and generally do anything they want to do. When I was young we called these type of people lunatics. Today they're called libertarians. LOL

The minute these libertarians get their Bitcoins stolen or if an exchange fails, where would they run most likely? Yes the government that they hate so much.

SO TRUE ! Smiley  Great point !
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
You didn't explain anything

You didn't explain why prices are going up everywhere instead of going down which should have happened according to your assumption that people prefer fiat to Bitcoin. You repeat the same stuff again and again but you won't be able to change the facts, i.e. Bitcoin prices rising over all markets out there. Regarding your question, the reason is simple, some people are trying to move their funds from that exchange while others are trying to exploit that opportunity. Note that it doesn't necessarily mean that the former really want to exchange bitcoins to fiat. If they actually wanted that, we would see the price crashing everywhere else. But we don't see that, which pretty much disqualifies your whole assumption. In short, you are weak and your logic is flawed while your assumptions are blatantly false

Yeah , yeah , yeah , thanks for repeating (in bold) exactly what I've said

Oh, really? Do I have a memory leak or what?

Five lines of criticizing and actually saying nothing.

How the hell are those people moving their funds with withdraws frozen?
They buy bitcoins because they couldn't do this with fiat.

Quote
In short, you are weak and your logic is flawed while your assumptions are blatantly false

Anything else to add other than personal (and flawed) attacks?

These are not personal attacks, I'm just letting you know how it feels

You've been warned that you won't be able to sidestep or otherwise obfuscate this issue. You said that people prefer fiat to Bitcoin, care to explain finally how this is ever possible when Bitcoin price is rising? My conclusion is the same, no need to muddle waters here. The net effect is that people prefer to keep their bitcoins, not dump them. But since the price is rising at all markets that necessarily means that they are pouring fiat into Bitcoin, not the other way round. How many times should I repeat that? Further, it is FIAT withdrawals that are disabled at Bitfinex, and only USD withdrawals at that, so no need to make it look as if all withdrawals are disabled there. You can still withdraw to Swiss franc and Hong-King dollar (via individual requests), apart from crypto, obviously

If people really wanted to dump their coins for fiat, they would withdraw these coins to other exchanges and sell them there. That would necessarily cause the prices to crash everywhere except Bitfinex (now think how stupid your remarks sound and your antics look even if you can't understand how markets work), and likely at Bitfinex too (though the spread would probably widen). I'm trading there myself and unless Bitfinex is going to scam, I don't give a fuck about fiat withdrawals being disabled. In fact, I give a fuck, but certainly not in the way you may think. People are looking to multiply their profits and these profits are certainly counted in bitcoins, not fiat
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
..snip..
What do you mean? That all that is going on with Bitfinex is completely like what went on with MtGox? I believe not yet. There was a massive buying that catapulted the price of Bitcoin from a few hundred to over $1000. I hope we see it happen again. Cheesy

if you are talking about the 2013 gox price then it was "catapulted" from less than $200 to above $1100 in nearly 2 months.
and no one likes that to happen again unless you are a fiat fan and want to take your fiat out of bitcoin and give up on bitcoin.

Do not be a plaster saint. We all know that the fiat value of Bitcoin still and will always matter to you, to me and everyone else. Why do you think many people in Bitcoin love to speculate on the price? If you have found a new way to measure Bitcoin's value do not hesitate to tell us.

i don't know what "plaster saint means" Tongue
and i am not talking about "the price" i am talking about "how the price get there". nobody wasnts a fast price rise leading to a bubble and then bubble bursting and price coming down.
we all want bitcoin price to rise up, obviously. but most of all we want it to stay there. that is why we prefer a more stable and slow rise.

someone who wants more fiat and doesn't care about bitcoin price wants the opposite. they want the price to rise up fast so they can cash out and then after the dump buy back in and cash out again with more fiat.

Plaster saint means hypocrite. You make it appear in your first reply to me that only fiat fans want the price of Bitcoin to go up. Are you not a fiat fan? Of course you are, we all are!

There are a few people on the forum that hate fiat. They live in a fantasy land where Bitcoin is the world currency and there is no government, big banks or taxes because Bitcoin washed it all away. Government is a tiny little thing who's only real job is annual mosquito control at lakes and ponds. Everyone is free to rape, pillage, do drugs, shoot machine guns in their back yard and generally do anything they want to do. When I was young we called these type of people lunatics. Today they're called libertarians. LOL

The minute these libertarians get their Bitcoins stolen or if an exchange fails, where would they run most likely? Yes the government that they hate so much.

Oh yeah, they've proven that multiple times with pirate, BFL, MtGox,  FeedZBirds, SatoshiDice IPO, Bitscalper, etc.

In fact, running to mommy government is so annoying for the SEC that they made their own bitcoin scammer website. LOL
 https://investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-alert-bitcoin-other-virtual-currency#.U2uV1PldV1Y  
legendary
Activity: 2898
Merit: 1823
..snip..
What do you mean? That all that is going on with Bitfinex is completely like what went on with MtGox? I believe not yet. There was a massive buying that catapulted the price of Bitcoin from a few hundred to over $1000. I hope we see it happen again. Cheesy

if you are talking about the 2013 gox price then it was "catapulted" from less than $200 to above $1100 in nearly 2 months.
and no one likes that to happen again unless you are a fiat fan and want to take your fiat out of bitcoin and give up on bitcoin.

Do not be a plaster saint. We all know that the fiat value of Bitcoin still and will always matter to you, to me and everyone else. Why do you think many people in Bitcoin love to speculate on the price? If you have found a new way to measure Bitcoin's value do not hesitate to tell us.

i don't know what "plaster saint means" Tongue
and i am not talking about "the price" i am talking about "how the price get there". nobody wasnts a fast price rise leading to a bubble and then bubble bursting and price coming down.
we all want bitcoin price to rise up, obviously. but most of all we want it to stay there. that is why we prefer a more stable and slow rise.

someone who wants more fiat and doesn't care about bitcoin price wants the opposite. they want the price to rise up fast so they can cash out and then after the dump buy back in and cash out again with more fiat.

Plaster saint means hypocrite. You make it appear in your first reply to me that only fiat fans want the price of Bitcoin to go up. Are you not a fiat fan? Of course you are, we all are!

There are a few people on the forum that hate fiat. They live in a fantasy land where Bitcoin is the world currency and there is no government, big banks or taxes because Bitcoin washed it all away. Government is a tiny little thing who's only real job is annual mosquito control at lakes and ponds. Everyone is free to rape, pillage, do drugs, shoot machine guns in their back yard and generally do anything they want to do. When I was young we called these type of people lunatics. Today they're called libertarians. LOL

The minute these libertarians get their Bitcoins stolen or if an exchange fails, where would they run most likely? Yes the government that they hate so much.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
~snipped~

As I said, you won't be able to sidestep the issue, talk it away, or otherwise wash it out

My reasoning is pretty simple (and I expect you to come up with something as simple), i.e. if Bitcoin price is overall rising (which it is), it tells that people prefer Bitcoin to fiat. I don't really know how you can interpret it any other way, let alone claim that people buy Bitcoin because they prefer fiat. But that's what all your arguments can be reduced to

When explanation are not working the way you wished for you're bringing the discussion to the starting point and asking again the same stuff

You didn't explain anything

You didn't explain why prices are going up everywhere instead of going down which should have happened according to your assumption that people prefer fiat to Bitcoin. You repeat the same stuff again and again but you won't be able to change the facts, i.e. Bitcoin prices rising over all markets out there. Regarding your question, the reason is simple, some people are trying to move their funds from that exchange while others are trying to exploit that opportunity. Note that it doesn't necessarily mean that the former really want to exchange bitcoins to fiat. If they actually wanted that, we would see the price crashing everywhere else. But we don't see that, which pretty much disqualifies your whole assumption. In short, you are weak and your logic is flawed while your assumptions are blatantly false

Yeah , yeah , yeah , thanks for repeating (in bold) exactly what I've said and by a a triple twisting logic coming to a different conclusion.
Five lines of criticizing and actually saying nothing.

How the hell are those people moving their funds with withdraws frozen?
They buy bitcoins because they couldn't do this with fiat.

Quote
In short, you are weak and your logic is flawed while your assumptions are blatantly false

Anything else to add other than personal (and flawed) attacks?

legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
~snipped~

As I said, you won't be able to sidestep the issue, talk it away, or otherwise wash it out

My reasoning is pretty simple (and I expect you to come up with something as simple), i.e. if Bitcoin price is overall rising (which it is), it tells that people prefer Bitcoin to fiat. I don't really know how you can interpret it any other way, let alone claim that people buy Bitcoin because they prefer fiat. But that's what all your arguments can be reduced to

When explanation are not working the way you wished for you're bringing the discussion to the starting point and asking again the same stuff

You didn't explain anything

You didn't explain why prices are going up everywhere instead of going down which should have happened according to your assumption that people prefer fiat to Bitcoin. You repeat the same stuff again and again but you won't be able to change the facts, i.e. Bitcoin prices rising over all markets out there. Regarding your question, the reason is simple, some people are trying to move their funds from that exchange while others are trying to exploit that opportunity. Note that it doesn't necessarily mean that the former really want to exchange bitcoins to fiat. If they actually wanted that, we would see the price crashing everywhere else. But we don't see that, which pretty much disqualifies your whole assumption. In short, you are weak and your logic is flawed while your assumptions are blatantly false
full member
Activity: 253
Merit: 100
The BTC spread caused by this is a concern.

Hopefully it will resolve soon and not develop into mtgox 2.0 saga.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
~snipped~

As I said, you won't be able to sidestep the issue, talk it away, or otherwise wash it out

My reasoning is pretty simple (and I expect you to come up with something as simple), i.e. if Bitcoin price is overall rising (which it is), it tells that people prefer Bitcoin to fiat. I don't really know how you can interpret it any other way, let alone claim that people buy Bitcoin because they prefer fiat. But that's what all your arguments can be reduced to

When explanation are not working the way you wished for you're bringing the discussion to the starting point and asking again the same stuff.
No, this is not how it works.

You're doing right now the sidestepping.
And if you want a real discussion you should also start answering questions. And that bold one I've asked there would be perfect.

So:

Why in the name of god do we have a 125 dollar spread right now?


Speculators are going ape shit on a rally. Remember in 2010-11 when speculators blew gold up from $1,050 to over $1,900, then it went right back down to $1,050? When you look at the Bitcoin price think gold 2.0.

The reason there's a spread is that one exchange has all the speculator action. It takes time for the other exchanges to catch up. Some traders attempt to arbitrage the spread but its tough because you need to move vast amounts of money quickly. When Mark Karpeles was attempting to cover up his mistakes he used bots to arrifically move the price up quickly. There was over a $200 spread at that time. Of course, arbitrage was out of the question because his price was fake and he was about to collapse. Is that happening again I wonder?
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