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Topic: Bitfinex is trading with ATH - page 2. (Read 1298 times)

hero member
Activity: 762
Merit: 500
April 23, 2017, 04:38:35 PM
#9
Sorry for being maybe off topic but what does "Is trading with ATH" mean?

Edit: After understating All Time High acronym (ATH), I can say that not only bitfinex but also other exchanges are getting high volume bitcoins transactions and ath 24h volume of trading.
Let's see when the new chinese exchange will enable ETH deposit and withdrawal and we will see a high pump of ETH in May/June.
sr. member
Activity: 1190
Merit: 306
April 23, 2017, 04:32:35 PM
#8
They're pulling a Gox, that's the likely explanation.  And this isn't the first topic about this; in the other ones it was pointed out that Gox did this exact thing, which is inflate the price of bitcoin.  But they're still allowing withdrawals of crypto, right?  As long as that's the case, there's still a chance that the whole thing won't blow up.  Right?  Right???
legendary
Activity: 1526
Merit: 1179
April 23, 2017, 04:28:59 PM
#7
People should do some effort to look beyond the current exchange rate. It doesn't take much time and knowledge to dig into the latest bit of news if you happen to invest into something.

If you don't know what's going on, it shows that you just don't know what you're doing, and thus expose yourself to great risks. I am not going to rephrase what others said, just read through the posts and you might get a clue.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
April 23, 2017, 12:23:06 PM
#6
it doesn't matter the motivation was or what the conditions were, the first $1350 counts. real money was paid for it.

the current $1350 does not count.

Exactly.

The ETF decision day peak was caused by real people (or their bots) spending real dollars in a FOMO rush because they thought the ETF had been approved and someone had inside information.

The current Finex price means nothing other than people are willing to pay a ridiculous premium just to get their money out.
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
April 23, 2017, 11:51:36 AM
#5
Those wire transfer problems of bitfinex made them isolated from rest of exchanges ? What is actually happening ?

The blocked off his bank account gives a lot of impact for the traders especially those who are deposits and withdrawing his money through the wire transaction.

Bitcoin as another method to cash out his money.
More people with fiat balance in his account will not be able to withdraw his money and try to buy more bitcoin.

This will make the volume on bitfinex decrease. Make the rate is differencing with another exchange site.
legendary
Activity: 1288
Merit: 1087
April 23, 2017, 11:22:11 AM
#4
that $1350 back at the time of ETF doesn't count the same way this $1350 doesn't count.
the first one was a whale going crazy and messing with all the shorts of everyone when they bought all the way up and dumped all the way down in one minute!

and this new $1350 also doesn't count since bitfinex is getting empty of traders as they buy BTC and get out. you have to want to take high risks to sell BTC on finex and keep fiat there.

it doesn't matter the motivation was or what the conditions were, the first $1350 counts. real money was paid for it.

the current $1350 does not count.
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
April 23, 2017, 11:07:44 AM
#3
that $1350 back at the time of ETF doesn't count the same way this $1350 doesn't count.
the first one was a whale going crazy and messing with all the shorts of everyone when they bought all the way up and dumped all the way down in one minute!

and this new $1350 also doesn't count since bitfinex is getting empty of traders as they buy BTC and get out. you have to want to take high risks to sell BTC on finex and keep fiat there.
full member
Activity: 218
Merit: 100
April 23, 2017, 10:42:19 AM
#2
Everythings fine! finex trades at a $100 premium and you get 0.91 dollar for your 1 dollar through usdt. Nothing out of the ordinary here, just keep buying since we can only go up!
hero member
Activity: 700
Merit: 500
April 23, 2017, 10:38:23 AM
#1
I am not sure about the reasons why bitstamp prices are lagging with bitfinex and preev rates. But interestingly bitfinex prices are just breaking $1350 levels (I believe the previous recorded higher price of bitcoin is $1350 just on the day when winklevoless's etf application got rejected ).

Those wire transfer problems of bitfinex made them isolated from rest of exchanges ? What is actually happening ?
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