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Topic: Is Bitfinex a SCAM? (Read 375 times)

hero member
Activity: 3108
Merit: 577
Leading Crypto Sports Betting & Casino Platform
August 23, 2018, 08:22:56 AM
#47
...
Though it has an history of being hacked there are still people who thinks that was an inside job.
...

They promised to provide a detailed report of the hack to all affected users.
This report has never been released. This only fuels the speculation
that it was either an inside job or that there is at least something
that Bitfinex wants to hide from the public.

Besides, the same is true for the promised audits. Various Bitfinex employees
promised audits over the years, which never happened. The excuses for why
the audit is still outstanding were quite hilarious sometimes (e.g. they claimed
that cryptocurrency is too new for the big accountancy firms... meanwhile
other exchanges have been audited by one of the Big4).
They are trying to avoid this issue by giving out those reasons. With those reasons said, you know where that issue is going.

It's better for them to tell a lie rather than revealing the truth.
newbie
Activity: 41
Merit: 0
August 22, 2018, 09:11:44 AM
#46
I think bots are just a fact of life we have to deal with here. Traders wont change their methods
jr. member
Activity: 165
Merit: 5
August 22, 2018, 07:11:37 AM
#45
Bots are liquidating shorts and longs deliberately!
Looks very Fishy: There is no way an ETF will be approved with the manipulation in this market!
The SEC and Dept of Justice are doing a criminal investigation into the matter outlined: They are obviously not doing their jobs properly!
Tether and Bitfinex are one entity!
The situation is a discrace!

why you think so?
i like tradeing on bitfinex, you have problems?
plz say, for protect my cryptos :/
sr. member
Activity: 658
Merit: 282
August 22, 2018, 07:07:36 AM
#44
...
Though it has an history of being hacked there are still people who thinks that was an inside job.
...

They promised to provide a detailed report of the hack to all affected users.
This report has never been released. This only fuels the speculation
that it was either an inside job or that there is at least something
that Bitfinex wants to hide from the public.

Besides, the same is true for the promised audits. Various Bitfinex employees
promised audits over the years, which never happened. The excuses for why
the audit is still outstanding were quite hilarious sometimes (e.g. they claimed
that cryptocurrency is too new for the big accountancy firms... meanwhile
other exchanges have been audited by one of the Big4).
hero member
Activity: 3108
Merit: 577
Leading Crypto Sports Betting & Casino Platform
August 22, 2018, 06:26:38 AM
#43
I don't think Bitfinex is a scam, it's been a trusted exchange in the crypto market and using bots is a normal tool in making a trade, it is the prerogative of the investors to fully understand on how to utilize the tool.
I also think so, bitfinex is a trusted exchange, and even if there is news saying that bitfinex is a scam, maybe it is untrue news, and someone who says that bitfinex is a scam, they must have really strong evidence.
Though it has an history of being hacked there are still people who thinks that was an inside job.

It is one of the biggest exchange after that hack and until now. I don't think that they will do something again like just to ruin their reputation.
jr. member
Activity: 336
Merit: 3
August 22, 2018, 06:21:28 AM
#42
I don't think Bitfinex is a scam, it's been a trusted exchange in the crypto market and using bots is a normal tool in making a trade, it is the prerogative of the investors to fully understand on how to utilize the tool.
I also think so, bitfinex is a trusted exchange, and even if there is news saying that bitfinex is a scam, maybe it is untrue news, and someone who says that bitfinex is a scam, they must have really strong evidence.

Look at what happened today!
member
Activity: 333
Merit: 11
August 20, 2018, 10:54:38 AM
#41
I don't think Bitfinex is a scam, it's been a trusted exchange in the crypto market and using bots is a normal tool in making a trade, it is the prerogative of the investors to fully understand on how to utilize the tool.
I also think so, bitfinex is a trusted exchange, and even if there is news saying that bitfinex is a scam, maybe it is untrue news, and someone who says that bitfinex is a scam, they must have really strong evidence.
hero member
Activity: 924
Merit: 502
August 20, 2018, 10:26:52 AM
#40
 I don't think Bitfinex is a scam, it's been a trusted exchange in the crypto market and using bots is a normal tool in making a trade, it is the prerogative of the investors to fully understand on how to utilize the tool.
newbie
Activity: 56
Merit: 0
August 20, 2018, 10:00:29 AM
#39
I also have issues with these Margin Trading Exchanges and Tether itself. All these things are connected to each other. They have to clear Themselves from these issues.
jr. member
Activity: 336
Merit: 3
August 20, 2018, 07:38:40 AM
#38
They have been around for years so I got was it is legit. Market manipulation happens even in stocks

I agree but this manipulation is destroying any chance Bitcoin has!
newbie
Activity: 60
Merit: 0
August 20, 2018, 07:35:15 AM
#37
They have been around for years so I got was it is legit. Market manipulation happens even in stocks
jr. member
Activity: 336
Merit: 3
August 20, 2018, 07:33:42 AM
#36

Dude youve got so many problems with your post.

Dont be so hyped with the ETF proposal, chances of being decline is so high. And if you got problems with the SEC and Dept of Justice, complain to them!

In addition I will do what I want DUDE!
jr. member
Activity: 336
Merit: 3
August 20, 2018, 07:32:59 AM
#35
If bitfinex is considered scam then other exchanges are also scam. All exchanges use bots to boost the trading process and increase the volum. I have not used bitfinex but the binance and coinex I am using are a lot of bots

The bots are destroying short and long positions: FACT!
jr. member
Activity: 336
Merit: 3
August 20, 2018, 07:31:12 AM
#34

Dude youve got so many problems with your post.

Dont be so hyped with the ETF proposal, chances of being decline is so high. And if you got problems with the SEC and Dept of Justice, complain to them!

OK, the word is there might be a class action coming soon: SEC
hero member
Activity: 3108
Merit: 577
Leading Crypto Sports Betting & Casino Platform
August 19, 2018, 03:10:38 PM
#33

Dude youve got so many problems with your post.

Dont be so hyped with the ETF proposal, chances of being decline is so high. And if you got problems with the SEC and Dept of Justice, complain to them!
full member
Activity: 257
Merit: 100
August 19, 2018, 02:36:05 PM
#32
If bitfinex is considered scam then other exchanges are also scam. All exchanges use bots to boost the trading process and increase the volum. I have not used bitfinex but the binance and coinex I am using are a lot of bots
legendary
Activity: 1877
Merit: 1396
The Last Cryptocoin Burner
August 19, 2018, 02:28:04 PM
#31
in history of bitfinex there were alot of moves fishy, some price moves was just happened only on bitfinex, it just ent down and up in hour , that may be an insider move to clean margin trades, shorts longs. They see everbody's orders so if an owner of exchanges decides to make this suspicious moves we cant know only just guess. My guess is they are not very innocent.
full member
Activity: 546
Merit: 105
August 19, 2018, 02:04:00 PM
#30
Bots are liquidating shorts and longs deliberately!
Looks very Fishy: There is no way an ETF will be approved with the manipulation in this market!
The SEC and Dept of Justice are doing a criminal investigation into the matter outlined: They are obviously not doing their jobs properly!
Tether and Bitfinex are one entity!
The situation is a discrace!
I am very much concerned about your comments towards this exchange. The fact is that I use it very often and never had problems. And now you call this exchange a scaffold, in my opinion you are mistaken
jr. member
Activity: 336
Merit: 3
August 19, 2018, 10:21:20 AM
#29
All cryptocurrency is not regulated by anyone yet. This is in the hands of both you and me and the whales. But I wouldn't accuse one Bitfinex of cheating. Everyone plays by their unwritten rules and we need to adapt to them to get your piece of cake

They are no good: Wake up
member
Activity: 294
Merit: 10
August 19, 2018, 10:02:57 AM
#28
All cryptocurrency is not regulated by anyone yet. This is in the hands of both you and me and the whales. But I wouldn't accuse one Bitfinex of cheating. Everyone plays by their unwritten rules and we need to adapt to them to get your piece of cake
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