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Topic: Bitfinex massive spread - page 3. (Read 715 times)
There was a problem with tether and how fake they were which resulted with many people getting away from bitfinex at the same time, some people tried arbitrage for sure but the amount of people who realized tether was just a pure fraud and they didn't want that was insane and they just gave up all their possession at bitfinex to run away to some other exchange.
I don't know if this is 100% true because this is purely speculation but it really was getting out of hand there for a while because of the tether issue for sure and than this spread happened so I assume it can't be just coincidence that they both happened at the same time, they must be related somehow. There needs to be some consequences of their tether scam and I think this is what that consequence is, I hope it would be example for anyone else in the future trying to do the same.
I don't know if this is 100% true because this is purely speculation but it really was getting out of hand there for a while because of the tether issue for sure and than this spread happened so I assume it can't be just coincidence that they both happened at the same time, they must be related somehow. There needs to be some consequences of their tether scam and I think this is what that consequence is, I hope it would be example for anyone else in the future trying to do the same.
It's fear about the legal actions filed against Bitfinex by the New York Attorney General. See here: https://bitcoinmagazine.com/articles/bitfinex-faces-legal-action-from-ny-attorney-general-heres-what-this-means/
Fiat holders at Bitfinex are buying BTC and other crypto and withdrawing from the exchange. They're probably worried about future enforcement actions.
Fiat holders at Bitfinex are buying BTC and other crypto and withdrawing from the exchange. They're probably worried about future enforcement actions.
This missing amount X of total former Marketcap Y should result into a "Peg" of (Y-X)/Y wich is smaller than one, < 1.00 USD/USDT
$850 million in losses and $2800 million Marketcap (but has been lower!) equals a "Peg" of 0.6964 USD/USDT. The next question would be:
Why are markets attaching a value as high as 0.978 USD/USDT and even the lowest dumpt hasn't been reaching these seventy cents! Markets are still hopefull, uninformed, irrational or have some missing information piece about the above incident.
You can follow whale alert
https://twitter.com/whale_alert
Tether switched to Tron chain.Moving tether will be much faster
Look gap on finex and other exchanges
Look price 4950 is strong support
4750 $ is end of bull trend if break
Paxos is going to deliver 100 mln that week
Tether ppain is opportunity for other stable coins
https://twitter.com/whale_alert
Tether switched to Tron chain.Moving tether will be much faster
Look gap on finex and other exchanges
Look price 4950 is strong support
4750 $ is end of bull trend if break
Paxos is going to deliver 100 mln that week
Tether ppain is opportunity for other stable coins
I feel that we will soon undergo a memorable correction in Bitcoin's history. I'm already preparing for it, I'm just hoping that the whole cryptocurrency market will be able to recover. Otherwise, I don't know what it will become for the future. No matter all the "great news" that comes after, it will be too late, damages are done.
Bitcoin will always be able to recover. If Bitcoin can deal with MtGox, it can also deal with a silly iFinex (the company that owns Bitfinex and Tether).
I rather have iFinex implode right now, then buy up cheap Bitcoin as a Golden opportunity, and see it continue to grow in a healthy manner. Seriously, these events are a blessing; you get to buy cheap Bitcoin and we got rid of a company that has been poisoning this ecosystem for a long time.
Bitfinex's volumes have gone down continuously. The whales usually spoofing its books have left too. It has become a noob exchange. One has to be to still use this shit.
nobody is going to leave Bitfinex (sadly), they are only temporarily staying away before they go back to that horrible place and continue what they were doing before. otherwise Bitfinex has been shady for a very long time and the more they used Tether the worst they got.
i still haven't forgotten 2016 when Bitfinex was hacked and every topic was about their insolvency and yet everyone went back and continued using them after a while!!!
I feel that we will soon undergo a memorable correction in Bitcoin's history. I'm already preparing for it, I'm just hoping that the whole cryptocurrency market will be able to recover. Otherwise, I don't know what it will become for the future. No matter all the "great news" that comes after, it will be too late, damages are done.
Bitcoin will always be able to recover. If Bitcoin can deal with MtGox, it can also deal with a silly iFinex (the company that owns Bitfinex and Tether).
I rather have iFinex implode right now, then buy up cheap Bitcoin as a Golden opportunity, and see it continue to grow in a healthy manner. Seriously, these events are a blessing; you get to buy cheap Bitcoin and we got rid of a company that has been poisoning this ecosystem for a long time.
Bitfinex's volumes have gone down continuously. The whales usually spoofing its books have left too. It has become a noob exchange. One has to be to still use this shit.
Bitfinex has little fiat left to allow its users to withdraw, so they buy Bitcoin instead and withdraw directly after. It's frustrating seeing how this exchanges continues to land itself in deep trouble with their shady operators.
I'll keep an eye out to see how Bitfinex's cold wallet gets drained further due to traders fleeing the platform in order to secure whatever they have left there. Only an utter idiot deposits Bitcoin and sells for USDT right now.
It's time for the authorities to raid everything related to Bitfinex so we get rid of this nasty exchange once and for all. Sure, it will hurt the market initially, but when they implode the pain will be way worse.
I'll keep an eye out to see how Bitfinex's cold wallet gets drained further due to traders fleeing the platform in order to secure whatever they have left there. Only an utter idiot deposits Bitcoin and sells for USDT right now.
It's time for the authorities to raid everything related to Bitfinex so we get rid of this nasty exchange once and for all. Sure, it will hurt the market initially, but when they implode the pain will be way worse.
Hello BitHodler, interesting comment. I have two questions for you, what you think how much can all this hurt crypto-market? Do you think that pain will be for
all crypto-holders, or the ones who used Tether and BitFinex?
Second question is what is smart to do in this situations? Maybe silly question, but you have a lot more experience that I have. To sell all crypto-currencies and
Bitcoin for dollars, and to buy back when prices go down? Or to keep everything in Ethereum, or maybe some other coin?
I'll keep an eye out to see how Bitfinex's cold wallet gets drained further due to traders fleeing the platform [...]
How much do they have left? I'm a bit surprised it hadn't implode already...
3 days ago Bitfinex withdrew 17.25k BTC from its cold wallet, and I think in a week they'll withdraw even more funds in order to have their hot wallets filled up to allow their users to withdraw without problems.
What happened 8/2/17, when Bitfinex cold wallet went from 111k bitcoin to .5 bitcoin, then a day later went back to 111k bitcoin?!
I feel that we will soon undergo a memorable correction in Bitcoin's history. I'm already preparing for it, I'm just hoping that the whole cryptocurrency market will be able to recover. Otherwise, I don't know what it will become for the future. No matter all the "great news" that comes after, it will be too late, damages are done.
As we're getting close to the Golden cross there is possible for a correction once the same happens. Further the correction will give a remarkable growth in the market of bitcoin. Whenever there is growth with bitcoin, the same can be experienced over the rest of the altcoins to some extent. This time as mentioned the possibilities for a recovery of the altcoins were low. I'll keep an eye out to see how Bitfinex's cold wallet gets drained further due to traders fleeing the platform [...]
How much do they have left? I'm a bit surprised it hadn't implode already...
3 days ago Bitfinex withdrew 17.25k BTC from its cold wallet, and I think in a week they'll withdraw even more funds in order to have their hot wallets filled up to allow their users to withdraw without problems.
I'll keep an eye out to see how Bitfinex's cold wallet gets drained further due to traders fleeing the platform [...]
How much do they have left? I'm a bit surprised it hadn't implode already...
I feel that we will soon undergo a memorable correction in Bitcoin's history. I'm already preparing for it, I'm just hoping that the whole cryptocurrency market will be able to recover. Otherwise, I don't know what it will become for the future. No matter all the "great news" that comes after, it will be too late, damages are done.
Bitfinex has little fiat left to allow its users to withdraw, so they buy Bitcoin instead and withdraw directly after. It's frustrating seeing how this exchanges continues to land itself in deep trouble with their shady operators.
I'll keep an eye out to see how Bitfinex's cold wallet gets drained further due to traders fleeing the platform in order to secure whatever they have left there. Only an utter idiot deposits Bitcoin and sells for USDT right now.
It's time for the authorities to raid everything related to Bitfinex so we get rid of this nasty exchange once and for all. Sure, it will hurt the market initially, but when they implode the pain will be way worse.
I'll keep an eye out to see how Bitfinex's cold wallet gets drained further due to traders fleeing the platform in order to secure whatever they have left there. Only an utter idiot deposits Bitcoin and sells for USDT right now.
It's time for the authorities to raid everything related to Bitfinex so we get rid of this nasty exchange once and for all. Sure, it will hurt the market initially, but when they implode the pain will be way worse.
Bitfinex uses USDT. That's the difference.
Bitfinex and USDT are pretty much a bomb right now. Anything can happen, and many people don't want to keep holding it because of that.
Bitfinex and USDT are pretty much a bomb right now. Anything can happen, and many people don't want to keep holding it because of that.
It's fear about the legal actions filed against Bitfinex by the New York Attorney General. See here: https://bitcoinmagazine.com/articles/bitfinex-faces-legal-action-from-ny-attorney-general-heres-what-this-means/
Fiat holders at Bitfinex are buying BTC and other crypto and withdrawing from the exchange. They're probably worried about future enforcement actions.
Fiat holders at Bitfinex are buying BTC and other crypto and withdrawing from the exchange. They're probably worried about future enforcement actions.
Dont you read the forum? Or reddit or news? Was Bitfinex exchange lately mentioned? Was there any news about them?
What could explain this huge, increasing, spread between Bitfinex and other popular exchanges?
This looks like a fantastic arbitrage opportunity, so why no one is taking advantage of it?
This looks like a fantastic arbitrage opportunity, so why no one is taking advantage of it?
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