Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 29. (Read 723861 times)

First of all, have you checked that your account meets the requirements for an immediate withdrawal? You can find the information on the link on the withdrawal page, but in short, it's things like if you changed 2fa or whitelisted addresses in the last 5 days.

If that's all OK then try and contact them on r/BitcoinMarkets or Twitter to speed up support looking at your ticket.



Looking at the volume on that one minute bar it does look like a trader ran the stops with some heavy selling. Nothing you can do about that apart from putting it down to experience.
If you zoom out and look at the bigger picture you can see that they ran it down to the previous lows before buying it up. Your stop wasn't in a safe place and on a move like that you will always get some slippage with a stop market order.

Hello guys, can you explain me this situation? I have placed BTC/BCH stop order @ 0.1425 and was pretty sure it is safe price and it will not trigger, and on charts there is one moment in time when price was dragged down by 20% and i believe lots of stop orders was triggered...

What is this? Market has not reached 0.1425, it was just some single "event"....

Shouldn't platform protect traders from such kind of activity? As for my small trade of 2 BCH i lost 0.07 BTC ( at least) looking at the actual prices... Also there is no signs of price recovery or something like that, if all stop orders has been taken by some big order price should have at least some time to recover, but it happens just in a single moment... And what is more it has been triggered @ 0.1425 and sold for 0.14, and all of this in a single minute...

1 minute chart:


Thanks!

Is everything fine with Bitfinex withdrawals right now?

I have Bitcoin Withdrawal with "Status  Processing" from Bitfinex Exchange Wallet unprocessed more than 36+ hours!

Support ticket sent but no answer yet.

Any suggestion?

Are the EUR transfers done via SEPA? What fees do they charge?

https://www.reddit.com/r/BitcoinMarkets/comments/7ef1bo/daily_discussion_tuesday_november_21_2017/dq63pqt/

Form bfx_drew, who works at Bitfinex:

"Couple new things at Bitfinex:

1. Individual users can now access USD wires for deposits and withdrawals
2. Euro wires added for both corporate and individual accounts
3. First Euro trading pair, /t/BTC:EUR (https://www.bitfinex.com/t/BTC:EUR), now live."

Seems like they found a few banks for now, the EUR one seems to be a small bank in Poland.

The PR impact looks to be the most serious aspect at the moment. The bloggers and Twitter trolls have been ranting about this for a couple of years but after the hack, various publications are giving them coverage.


https://www.coindesk.com/tether-claims-30-million-stable-token-stolen-attacker/
https://www.coindesk.com/blockchain-data-links-tether-attack-2015-exchange-hack/

If it is correct that they can prevent the stolen funds being used by updating the Omni Core software client then the problem is contained.


That is a question only you can answer. For now, I'm reassured by the market reaction. There is no sign of panic selling. So when you get away from all the noise a few individuals are making the wider user base of the exchanges using USDT don't seem to be concerned.

Some bad news for bitfinex lately.
Do you think i should move my money away?
Whats the status on this situation.
Lending is amazing , i would hate to abandon it.

Well, Tether hacked..

Ente

Bfx lightwallet service is down again for further investigations
https://twitter.com/IOTASupport/status/932735769260765184

did anyone had a successful bitfinex iota payout in the last 2 days?
my payout is processing for ~16h

I certainly don’t mean to be rude in calling you a nutter, that’s just a turn of phrase, but you do follow all the patterns of a conspiracy theorist.

From my first reply to you:


So, you read from some Twitter account that the auditors only looked at the balances and not the full bank statements so therefore they may have just wired the money in overnight to fool them. You asked me if I had read the audit report when you don't seem to have read it yourself. You failed to see that in that audit report the accountants explicitly stated that they had received copies of the bank statements from the banks.
If you are looking for suspicious activity and ignore the facts in front of you then you can convince yourself of whatever you want.


No, they didn’t lose their banking services in Tawain, their bank stopped accepting international wires. You also probably didn't read the very next sentence in the same statement.



Until you come up with some evidence rather than things that you think look suspicious because you ignored part of the information right in front of you, I will.

it is not about from where they operate.

Coinbase, Gemini, ITbit, Bitstamp  or any license forex company doesn't make a secret(hide) from their bank accounts. Why?

Why? Because most governments make it too complicated. I don't care from where they operate as long as they are honest.

what genuine company would hide a banking relationship? yes, a criminal organisation would do that.they have no financial license(why?)  for any of their shit companies, they are doing many frauds and money laundering.  Bitfinex gang is running a criminal organisation.

How do you know they simply aren't using another bank?

From the Tether website:

This is directly from a Tether announcement. They lost their banking services in Taiwan around the same time that Bitfinex was dropped by Wells Fargo.
What an interesting coincidence!

What happened since this announcement? Tether supply was at 60M $ at the time of the announcement. This implies that although Tether did "not expect the supply of tethers to increase
substantially" the supply has actually more than increased by an order of magnitude. At the moment the supply is at 675M $ (30M $ of this amount have been created
since my last post yesterday). This is in spite of the fact that they haven´t been able to obtain new banking relationships otherwise they would have announced it. The only
other explanation is that they don´t want to announce where they are banking, because the banks and the regulatory entities would discover the true nature of Tether´s business.

I agree that this is partly based on conjecture and I may very well be one of the "few nutters on the internet". However, this is simply too suspicious.
Tether and Bitfinex lose their banking relationships around the same time. In spite of these events Tether supply increases by more than 10x and BTC rises several
hundred % for the year. Active Margin Funding at BFX increases after every Tether issuance and dips in the BTC price always are followed by a new issuance of Tethers.

Come on @TheQuin, you can call me a conspiracy theorist all day, but some of these events and observations are simply too suspicious.

No.


They are buying Tether to get large quantities of USD into Bitfinex and other exchanges that don't take wire transfers to the buy crypto. What do you want them to do, use localbitcoins?


They would be if they knew who the investors were, but without a name, there isn't a story. That's just how media works.


Yup, when they had a name they published a story when they don't there is nothing to write.



I don't speak German.


How much liquidity does it have?


It's only sketchy in the eyes of a few nutters on the internet.



Yes. Hedge funds have much more freedom than many others.


Do you have a source for that assumption?


No, the damage is being done here by the unfounded allegations that make the whole community look shady.


You really have to go some to make anything from that. Everyone already knows who they are, reorganizing a website doesn't change anything.


Unfortunately for you, far too many of his theories have lead you to believe some complete nonesense.

Aren´t these statements of you contradictory? If this would be indeed institutional money that is flowing into BTC using
Tether as an intermediary step (why would anyone do that instead of buying BTC directly?) the media entities
like Coindesk would be all over it!

Just look at articles like this:
https://www.cryptocoinsnews.com/billionaire-bull-novogratz-big-money-is-coming-to-bitcoin-real-soon/


A 15-20 million investment is worth an article at cryptocurrency media outlets and even mainstream business media like Reuters and hundreds of
millions of $ are not? If this would be indeed legit institutional money flowing into Bitcoin using Tether these media sites would be covering it extensively.

If you were an institutional investor you surely wouldn´t want unnecessary counterparty risks and probably would be going with
something like this:
https://zertifikate.vontobel.com/DE/Produkt/DE000VL3TBC7

A certificate that tracks the Bitcoin price issued by a well-known Swiss Bank. Compare that to a sketchy entity that is directly involved with the biggest
exchange and that is using opaque terms for a fiat-backed token. Most institutional investors have extremely strict guidelines on how they are allowed to invest and
buying fiat-backed digital tokens is surely not covered by that.

I´m a long-term believer in Bitcoin, but this whole Tether situation will damage the cryptocurrency markets for years. I know that correlation doesn´t imply
causation, but the events of 2017 are simply too suspicious.

If Tether would be completely legit, why would they scrap the pictures and biographies of the founders from the website? A few months ago
you could directly see Phil Potter (Bitfinex) and Stuart Hoegner (the main Bitfinex lawyer) right on the Tether website. They are obviously trying
to hide their involvement.

I don´t agree with everything that this @bitfinexed dude posts on Twitter, but some of his observations are definitely very suspicious.

The money does exist, it has been audited by a reputable accountancy firm.


Fixed that for you.


There is not one shred of evidence to support any of this. It is just the ramblings of bloggers and other weirdos that have nothing better to do with their time.


That news from the CME about the futures contract sure has been good.


More institutional money flowing into crypto, more great news.


They would be quiet because it is no mystery and not a story.

It is entirely possible that the money actually exists. Nonetheless, there are various possibilities that could cause huge disruptions
for the cryptocurrency markets even if the outstanding supply of Tether is actually 100 % backed. I have mentioned a few of these
a few posts back in this thread (e.g. the possible involvement of BTC-E funds, the misrepresentation of the business nature
to the banks and the local regulatory bodies...).

Interestingly, BTC is flirting with another ATH at the moment.

This would be great news if it weren´t for the fact that BTC is surging after Tether released another 50M $ in the last 24 hours:
http://omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

Another thing that is increasing my scepticism is the fact that the cryptocurrency media entities (e.g. Coindesk) are very vocal
about people like Novogratz investing 10-20M $ into cryptocurrencies (not even all of it is going into BTC, parts of it are
flowing into ETH) and yet are completely quiet regarding the mysterious creation of 175M $ of Tether just in the last 2 weeks.