Is Bitfinex turning into Mt. Gox? | Bitcointalksearch.org

bitjoin

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Quote from: RocketSingh on June 01, 2017, 06:50:04 AM

Has Bitfinex resumed FIAT withdrawal?

There is no official news yet but rumors are the deal is nearly done in late stages of bank negotiations. Bigger players can still move money in and out apparently. Hopefully something this week or next i should think.

RocketSingh

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Has Bitfinex resumed FIAT withdrawal?

8xbt.com

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You can bet it at Fairlay. The chance is slim for turning into a mtgox.

ultrloa

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Quote from: dserrano5 on May 10, 2017, 03:38:52 PM

Quote from: el_rlee on May 10, 2017, 11:50:25 AM

Yeah, and that is really worrying... but it seems most people are fine with it. My advice: get out of Bitfinex NOW - take the opportunity of the extremely low spread to Bitstamp at this moment (1776 to 1798 USD/BTC).

I got out of bfx already but not because I believe they are going to fail. I did because when they solve their banking problems they probably will force the typical AMLKYC crap on us and lock our coins if we don't provide our docs. Margin trading there with no docs was nice but things have an end. Too bad I missed on this recent price rise.

Thats a big minus on me totally since im pretty cautious about giving my private docs on some certain site thats why i never try to trade at them eventhough their alts prices are pretty good to buy and potential on arbitrage trades. Im pretty sure those people who spend more in that exchanges are pretty much worried since bitfinnex are showing some signs that they will fall down. Hope it will not affect for the current price rise.

dserrano5

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Quote from: el_rlee on May 10, 2017, 11:50:25 AM

Yeah, and that is really worrying... but it seems most people are fine with it. My advice: get out of Bitfinex NOW - take the opportunity of the extremely low spread to Bitstamp at this moment (1776 to 1798 USD/BTC).

I got out of bfx already but not because I believe they are going to fail. I did because when they solve their banking problems they probably will force the typical AMLKYC crap on us and lock our coins if we don't provide our docs. Margin trading there with no docs was nice but things have an end. Too bad I missed on this recent price rise.

el_rlee

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Quote from: pinkflower on May 09, 2017, 01:36:28 AM

Havent you been reading the news about BTC? Bitfinex's bank in Taiwan thats holding all their client's funds and maybe also funds for their operating expenses are locking the those funds. No one can withdraw fiat from Bitfinex but BTC is allowed.

Please read up before you log in here.

Yeah, and that is really worrying... but it seems most people are fine with it. My advice: get out of Bitfinex NOW - take the opportunity of the extremely low spread to Bitstamp at this moment (1776 to 1798 USD/BTC).

pinkflower

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Quote from: arwin100 on May 08, 2017, 08:35:29 AM

Quote from: pinkflower on May 08, 2017, 05:02:58 AM

Quote from: ranlo on May 07, 2017, 01:38:46 PM

Quote from: unluckyben on May 07, 2017, 03:11:42 AM

Has it been confirmed they ve halted withdrawals as well? I ve read only about wire deposits not working.

They only halted deposits/withdrawals in FIAT. Not sure why people keep pushing the idea that this is affecting coins as well -- it isn't, hasn't, and they've said it won't.

Nobody is giving the idea that its affecting cryptocurrencies. The big worry here is how long would it take before fiat deposits and withdrawals are allowed again at the exchange. If this problem takes more than 1 year then Bitfinex will have to halt trading and let their clients withdraw in BTC and other cryptocurrencies.

I don't know if the surging price of btc makes bitfinex hold the funds of their investors since if they would let people withdraw what they have it can affect the + rally of bitcoins at this point(just my pity opinion). And we should leave this exchange since they have been compromised already and this second time around is kinda little bit suicide for the people who keeps deposting in their. And how could people settle on them will their so many exchange existing today.

Havent you been reading the news about BTC? Bitfinex's bank in Taiwan thats holding all their client's funds and maybe also funds for their operating expenses are locking the those funds. No one can withdraw fiat from Bitfinex but BTC is allowed.

Please read up before you log in here.

arwin100

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Quote from: pinkflower on May 08, 2017, 05:02:58 AM

Quote from: ranlo on May 07, 2017, 01:38:46 PM

Quote from: unluckyben on May 07, 2017, 03:11:42 AM

Has it been confirmed they ve halted withdrawals as well? I ve read only about wire deposits not working.

They only halted deposits/withdrawals in FIAT. Not sure why people keep pushing the idea that this is affecting coins as well -- it isn't, hasn't, and they've said it won't.

Nobody is giving the idea that its affecting cryptocurrencies. The big worry here is how long would it take before fiat deposits and withdrawals are allowed again at the exchange. If this problem takes more than 1 year then Bitfinex will have to halt trading and let their clients withdraw in BTC and other cryptocurrencies.

I don't know if the surging price of btc makes bitfinex hold the funds of their investors since if they would let people withdraw what they have it can affect the + rally of bitcoins at this point(just my pity opinion). And we should leave this exchange since they have been compromised already and this second time around is kinda little bit suicide for the people who keeps deposting in their. And how could people settle on them will their so many exchange existing today.

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Quote from: ranlo on May 07, 2017, 01:38:46 PM

Quote from: unluckyben on May 07, 2017, 03:11:42 AM

Has it been confirmed they ve halted withdrawals as well? I ve read only about wire deposits not working.

They only halted deposits/withdrawals in FIAT. Not sure why people keep pushing the idea that this is affecting coins as well -- it isn't, hasn't, and they've said it won't.

I think some people are getting the situation confused with what is happening on the Chinese exchanges.

Bitfinex (based in Taiwan): have halted all deposits and withdrawals in Fiat

OKCoin and all the Chinese exchanges: have halted all deposits and withdrawals in cryptocurrency (and this has been the case since mid February).

The western exchanges (bitstamp, GDAX, Gemini, Kraken) are all fine and you can deposit and withdraw both fiat and cryptocurrency.

pinkflower

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Quote from: ranlo on May 07, 2017, 01:38:46 PM

Quote from: unluckyben on May 07, 2017, 03:11:42 AM

Has it been confirmed they ve halted withdrawals as well? I ve read only about wire deposits not working.

They only halted deposits/withdrawals in FIAT. Not sure why people keep pushing the idea that this is affecting coins as well -- it isn't, hasn't, and they've said it won't.

Nobody is giving the idea that its affecting cryptocurrencies. The big worry here is how long would it take before fiat deposits and withdrawals are allowed again at the exchange. If this problem takes more than 1 year then Bitfinex will have to halt trading and let their clients withdraw in BTC and other cryptocurrencies.

Wandering Soul~

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Quote from: Termin4tor on May 07, 2017, 04:28:01 PM

I dont think so. They are one of the most highly legitimate and trusted bitcoin exchanges right now even though they got hacked recently. Most of the people though they wouldn't be able to repay the stolen funds but amazingly they seem to have paid back almost all the money through the issue of BFX Tokens.

If bad things happen consecutively, Some people will panic and start jumping to their own conclusions . Honestly, Halting withdrawals is not rare, it also happened to kraken furthermore bitfinex is just halting withdrawals and deposits in fiat, You don't need to worry that much but being hacked is a different thing, it just proves that there is a flaw in them and we don't know if they successfully removed them . Can't blame people if tbey start to get cautious .

Termin4tor

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I dont think so. They are one of the most highly legitimate and trusted bitcoin exchanges right now even though they got hacked recently. Most of the people though they wouldn't be able to repay the stolen funds but amazingly they seem to have paid back almost all the money through the issue of BFX Tokens.

richardsNY

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Quote from: ranlo on May 07, 2017, 01:38:46 PM

Quote from: unluckyben on May 07, 2017, 03:11:42 AM

Has it been confirmed they ve halted withdrawals as well? I ve read only about wire deposits not working.

They only halted deposits/withdrawals in FIAT. Not sure why people keep pushing the idea that this is affecting coins as well -- it isn't, hasn't, and they've said it won't.

It's a common thing that people here don't read much further than the title of a thread or article. They just read that Bitfinex doesn't allow deposits and withdrawals, but completely miss the crucial underlying information that tells them the exact and complete story. It's annoying, but there is not much that can be done about this. Just point people at how things really are -- which is exactly what you did.

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Quote from: ranlo on May 07, 2017, 01:38:46 PM

Quote from: unluckyben on May 07, 2017, 03:11:42 AM

Has it been confirmed they ve halted withdrawals as well? I ve read only about wire deposits not working.

They only halted deposits/withdrawals in FIAT. Not sure why people keep pushing the idea that this is affecting coins as well -- it isn't, hasn't, and they've said it won't.

+1 to this. As if you people WANT to create another Mt.Gox. Stop this FUD, only Fiat is in question ATM.

ranlo

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Quote from: unluckyben on May 07, 2017, 03:11:42 AM

Has it been confirmed they ve halted withdrawals as well? I ve read only about wire deposits not working.

They only halted deposits/withdrawals in FIAT. Not sure why people keep pushing the idea that this is affecting coins as well -- it isn't, hasn't, and they've said it won't.

el_rlee

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I am still wondering that it is so quiet about the issues at Bitfinex... but then again, it was also not a big deal with Gox back in the days. No money anymore for 2 weeks and the first thread https://bitcointalksearch.org/topic/mtgox-withdrawal-delays-gathering-179586 started.

One single protester in front of their doors - I mean, really? One?

unluckyben

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Has it been confirmed they ve halted withdrawals as well? I ve read only about wire deposits not working.

pinkflower

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Quote from: Bonez0r on May 06, 2017, 02:50:27 PM

Meanwhile, the BTC price difference (and the price difference between USD and USDT) is down to less than 2%. So for those who still have fiat on Bitfinex and want out, it will only cost you 2% now, as opposed to 9-10% earlier. Or you can wait until the difference is 0%. I think the shrinking difference is the result of growing confidence that Bitfinex will indeed solve this problem and give people access to their fiat again soon.

The better thing to do would be to keep holding BTC because the price is still going up. Take the opportunity now while its there. The big crash will be coming sooner than we think. I would hate to be trapped in Bitfinex during a crash.

Bonez0r

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Meanwhile, the BTC price difference (and the price difference between USD and USDT) is down to less than 2%. So for those who still have fiat on Bitfinex and want out, it will only cost you 2% now, as opposed to 9-10% earlier. Or you can wait until the difference is 0%. I think the shrinking difference is the result of growing confidence that Bitfinex will indeed solve this problem and give people access to their fiat again soon.

skymek

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Yes looks bitfinex show a marks like a few moments before mtgox collapse.

Topic: Is Bitfinex turning into Mt. Gox? (Read 5612 times)