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
.
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!.
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
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?