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Topic: Did Bitfinex maintenance news affect BTC price? (Read 141 times)

sr. member
Activity: 1778
Merit: 305
October 06, 2018, 12:59:30 AM
#3
All these movements are negligible.
Bitcoin has been trading in the plus / minus $ 500 range for several months.
This is a drop in the sea and anything can affect this twitching.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
Erm, it's already been and gone. Precisely nothing happened throughout. These days Bitmex maintenance would be the one that had the effect. Bitfinex's hold on the price is lesser because of there.
legendary
Activity: 3052
Merit: 1273
https://www.bitfinex.com/posts/286

Bitfinex announced a major infrastructure maintenance for 2 hours, and being one of the biggest exchange wallets, I believe that it does have the power to influence the value of BTC. I've had been short on BTC until this news came and shorts started lowering down their impact and bulls came into force. Since the value soared nearly $200, should it be considered that whenever a big exchange such as Bitfinex goes on maintenance, we're about to see a bustle in BTC's value?
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