I hope everyone gets their money and then bitfinex collapses.
They're the last holdout of amateurishNess and incompetence keeping bitcoin in the dark ages.
Topic: Bitfinex Price Spreads & Bitcoin Bubble - page 2. (Read 2497 times)
I think the price is Bitfiniex is due to the fact that users are not selling bitcoin for fiat money because they can´t withdraw their money, so what they are doing is buying btc to withdraw their money in that way.
Yes is this the correct way of thinking about what is going on the price of Bitfinex right now. But the issue here is that they are creating a bubble here. I hope this is only a temporary bubble and will burst soon. The price on Bitfinex is a $100 more on other exchanges. That's why I said they are creating a bubble itself.
With regards to Bitfinex, I think they are done already in the business. I'm feeling that it will collapse anytime soon in the face of the issue they are currently having.
There is a mini pump going on because of the ETF being reconsidered in May. Hope springs eternal!
The pump will end when the ETF gets rejected again (the problems at bitfinex guarantees it).
The pump will end when the ETF gets rejected again (the problems at bitfinex guarantees it).
i only hope that if ETF rejected bitcoin like before, the price is not getting dump because like what we already know before, after the first ETF is released, bitcoin price is not getting dump and even the price is going to go up until more than $1200 although the price is stable in $11xx-$12xx before and then the price is increase until now reach $14xx. but if one market like bitfinex telling that the pump will end when ETF gets rejected, then i am not sure that the other market will be dump the price too because there is many big holder that don't want the price is down.
I think the price is Bitfiniex is due to the fact that users are not selling bitcoin for fiat money because they can´t withdraw their money, so what they are doing is buying btc to withdraw their money in that way.
Bitfinex shouldn't even list USD price right now. You can't list the price of that you can't deliver.
well you can't just close down the market! there are two possibilities only:1) either you are insolvent, which means closing down now means panic and people taking out what they already have in there
2) or you are solvent! which means you can't close it down, you are still making money from trades and people are still taking high risks and trusting you.
That's exactly what Gox did in the past. They listed btc for 1000$ but in truth, they didn't have the FIAT to support that price.
Finex is doing the same thing. They are listing bitcoin for 1400$ but no bank is working with them. How is that not Gox-like?
It is coming.
GOX was so freaking big that if it was around today, bitfinex with all its bigness would have been like a kid playing with pennies in front of GOX. Finex is doing the same thing. They are listing bitcoin for 1400$ but no bank is working with them. How is that not Gox-like?
It is coming.
Bitfinex shouldn't even list USD price right now. You can't list the price of that you can't deliver.
That's exactly what Gox did in the past. They listed btc for 1000$ but in truth, they didn't have the FIAT to support that price.
Finex is doing the same thing. They are listing bitcoin for 1400$ but no bank is working with them. How is that not Gox-like?
It is coming.
That's exactly what Gox did in the past. They listed btc for 1000$ but in truth, they didn't have the FIAT to support that price.
Finex is doing the same thing. They are listing bitcoin for 1400$ but no bank is working with them. How is that not Gox-like?
It is coming.
Bitfinex isn't as big as Gox but its still an eerily familiar situation that I remember well towards the end of GOX.
For the million and oneth time don't hold funds on exchange (that you don't want to lose).
There is no way I'd be doing anything on finex just now other than withdrawing crypto
For the million and oneth time don't hold funds on exchange (that you don't want to lose).
There is no way I'd be doing anything on finex just now other than withdrawing crypto
There is a mini pump going on because of the ETF being reconsidered in May. Hope springs eternal!
The pump will end when the ETF gets rejected again (the problems at bitfinex guarantees it).
The pump will end when the ETF gets rejected again (the problems at bitfinex guarantees it).
One week has passed since bitcoin exchange Bitfinex announced issues with banking partners and halted fiat withdrawals for its customers. Since then the price of bitcoin has been rallying upwards reaching new highs across global exchanges. ....
STOP right there!
have you forgotten what bitcoin price was a couple of months ago, or have you forgotten how price was rising?
we have not!
price was on a very good upward trend, the trend that you are scare of right now, and it was headed towards $1300 before all the FUD about BU and splitting bitcoin into two and the use of word "fork" started.
then the manipulation started and long story short the previous upward trend was postponed to now.
right now we are on the same trend. testing the waters above $1300 and staying there for now and then headed for $1900-$2000 until the end of this year.
there may be another bump on the road when bitfinex fate is sealed, or another fluctuation in hashrates happen, but in the end we will come back on the same trend up.
Finex is guaranteed bust.
When it becomes public we will see a huge crash. (Mtgox will look like a joke)
With confidence destroyed and no fundamentals to make bitcoin great again it will die off slowly.
Superior coins are quickly on the rise and will probably take over bitcoin within the next months as finex drama unfolds.
When it becomes public we will see a huge crash. (Mtgox will look like a joke)
With confidence destroyed and no fundamentals to make bitcoin great again it will die off slowly.
Superior coins are quickly on the rise and will probably take over bitcoin within the next months as finex drama unfolds.
He's back.....lol
Nice try, surely you realise literally no one listens to anything you say. If anything you are a contrary indicator
Finex is guaranteed bust.
When it becomes public we will see a huge crash. (Mtgox will look like a joke)
With confidence destroyed and no fundamentals to make bitcoin great again it will die off slowly.
Superior coins are quickly on the rise and will probably take over bitcoin within the next months as finex drama unfolds.
When it becomes public we will see a huge crash. (Mtgox will look like a joke)
With confidence destroyed and no fundamentals to make bitcoin great again it will die off slowly.
Superior coins are quickly on the rise and will probably take over bitcoin within the next months as finex drama unfolds.
We missed you FUDduck, target like $400 right?
You are a buytrigger for me.
When you post its insta bulkbuy time.
Thats why you are really usefull.
The FUDduck indicator confirms me to buy.
Finex is guaranteed bust.
When it becomes public we will see a huge crash. (Mtgox will look like a joke)
With confidence destroyed and no fundamentals to make bitcoin great again it will die off slowly.
Superior coins are quickly on the rise and will probably take over bitcoin within the next months as finex drama unfolds.
When it becomes public we will see a huge crash. (Mtgox will look like a joke)
With confidence destroyed and no fundamentals to make bitcoin great again it will die off slowly.
Superior coins are quickly on the rise and will probably take over bitcoin within the next months as finex drama unfolds.
The price on Bitfinex doesn't show a bubble. That's a completely irrelevant price because of their banking troubles.
There is pretty much a bubble right now, because no fundamentals have changed which would warrant such a dramatic price rise. The price spreads don't matter to this except that there would be a huge decrease in investor confidence for Bitcoin if Bitfinex were to stop processing Bitcoin withdrawals/collapse in general.
There is pretty much a bubble right now, because no fundamentals have changed which would warrant such a dramatic price rise. The price spreads don't matter to this except that there would be a huge decrease in investor confidence for Bitcoin if Bitfinex were to stop processing Bitcoin withdrawals/collapse in general.
i don't think so...
this could be the case at the moment of the news..
but bitcoin will be able to Rebirth from its ashes..
this is already happened... i remeber MT_Gox...
all seemed "This is the End"...
but now we are at 1330$
.."To be continued"
Anyone have an explanation for the spread in Bitcoin price in USD/EUR at BitStamp? The EUR price seems to be lagging a lot today.
The price on Bitfinex doesn't show a bubble. That's a completely irrelevant price because of their banking troubles.
There is pretty much a bubble right now, because no fundamentals have changed which would warrant such a dramatic price rise. The price spreads don't matter to this except that there would be a huge decrease in investor confidence for Bitcoin if Bitfinex were to stop processing Bitcoin withdrawals/collapse in general.
There is pretty much a bubble right now, because no fundamentals have changed which would warrant such a dramatic price rise. The price spreads don't matter to this except that there would be a huge decrease in investor confidence for Bitcoin if Bitfinex were to stop processing Bitcoin withdrawals/collapse in general.
i don't think so...
this could be the case at the moment of the news..
but bitcoin will be able to Rebirth from its ashes..
this is already happened... i remeber MT_Gox...
all seemed "This is the End"...
but now we are at 1330$
.."To be continued"
The price on Bitfinex doesn't show a bubble. That's a completely irrelevant price because of their banking troubles.
There is pretty much a bubble right now, because no fundamentals have changed which would warrant such a dramatic price rise. The price spreads don't matter to this except that there would be a huge decrease in investor confidence for Bitcoin if Bitfinex were to stop processing Bitcoin withdrawals/collapse in general.
There is pretty much a bubble right now, because no fundamentals have changed which would warrant such a dramatic price rise. The price spreads don't matter to this except that there would be a huge decrease in investor confidence for Bitcoin if Bitfinex were to stop processing Bitcoin withdrawals/collapse in general.
The issue at bitfinex will remain to the most of the members, since they havent a solution to fiat currencie anymore, soo even selling expensive to someone that is willing to get fiat there, with a solution to fiat cashouts those money will be frozen, a bubble has already started, if the exchange has a solution already and is taking advantage to sell their bitcoin expensive then the market its another question.
All of the solutions depends on the bank decision. They have tried to take some decision regarding his problem but it will take a lot of the time. The fiat balance will be frozen on the bitfinex exchange site if their bank account will have got permanent blocked by the bank. The possible think is about use altcoin to cashout his money, but more volume will flow to the outside. and it's really bad.
There could be problems at Bitfinex, but the price at other exchanges is healthy as well. So the positivity is not restricted to Bitfinex alone. The current price seems to have widespread support.
The issue at bitfinex will remain to the most of the members, since they havent a solution to fiat currencie anymore, soo even selling expensive to someone that is willing to get fiat there, with a solution to fiat cashouts those money will be frozen, a bubble has already started, if the exchange has a solution already and is taking advantage to sell their bitcoin expensive then the market its another question.
Bubble has form already. Look at the current price on bitfinex its much higher as compare to other exchanges. The bubble is already there and willing to be burst any time soon. A lot of people are now waiting for it to burst then they will buy assuming the price of bitcoin is below $1000 after the burst.
i don't think bitcoin bubble will burst soon & easily...
and if this will be, there will be a new coin who will replace bitcoin for sure!!!
this is a great business...and who is already invested heavily, don't want to be kiked off...
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