Topic: Bitfinex- bank blocked all their deposits - page 2. (Read 11055 times)

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

Y U NO READ COINDESK?

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)

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
Also I love how you try to use lots of words these days to say nothing. A requirement or some sort of?

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)

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

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

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$.

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?

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


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


Because people are (mostly) buying bitcoins with dollars. What other questions are not clear to you?

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


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

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?

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!.


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 ones, probably cause you're having trouble expressing yourself in a civilized way so don't bother anymore.

SO TRUE !   Great point !

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


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

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  

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.

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.


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

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

The BTC spread caused by this is a concern.

Hopefully it will resolve soon and not develop into mtgox 2.0 saga.

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?