It looks like their main update channel is /r/bitcoin.
Ente
Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 46. (Read 723861 times)
April 28, 2017, 04:26:42 PM
April 27, 2017, 05:41:53 PM
It would be nice if Bitfinex would give us updates more often, either here, on Twitter or on their own site. Maybe there's not much to report, but people get really nervous when there's no communication at all for more than a week.
April 27, 2017, 10:53:23 AM
Are people still unable to withdraw to fiat from Bitfinex? Many folks are citing problems regarding their inability to withdraw their funds to USD. Some are getting scared about this and others are trying to compare it to what happened to Mt. Gox. Because of this problem, price of BTC to USD in Bitfinex soar to new highs and this disparity in price also confuses other users of the said exchange. Hopefully, they'll sort this out in a faster manner.
Be aware, Bitfinex is providing false information to their users. They don´t allow withdrawals of any kind although it is only the USD to what they are being restricted. I personally asked to use the option of withdrawing funds to Taiwan, but they told me that "it would be extremely hard to open a new one for non-Taiwanese citizens". When I told them that that was not true as I was living in Taiwan and all you needed is a passport and requested a withdraw to a Taiwanese bank, they went mute and started not answering.
Bitfinex is selling their own bitcoins at premium prices and planning for bankruptcy.
You are welcomed to join forces with us in our quest to bring them to Justice. Please visit us at https://www.facebook.com/Lawsuit-against-Bitfinex-1885809161667619/
Could you provide any proofs to your claims?
So far it looks more like a smear campaign. Why would they want to sell their bitcoins and how do you know that? I guess if they really had bitcoins in any significant amounts, that would bring the prices down. Also, what about cryptocurrency withdrawals? Are those allowed? If they are allowed, this is not logical if they were really going to scam on us. Could anyone clarify how matters stand in respect to such withdrawals? Further, if USD withdrawals (as well as deposits) are disallowed for the reasons specified by the exchange, I think you wouldn't be able to withdraw to any bank account irrespective of where you are living
April 27, 2017, 09:08:41 AM
Are people still unable to withdraw to fiat from Bitfinex? Many folks are citing problems regarding their inability to withdraw their funds to USD. Some are getting scared about this and others are trying to compare it to what happened to Mt. Gox. Because of this problem, price of BTC to USD in Bitfinex soar to new highs and this disparity in price also confuses other users of the said exchange. Hopefully, they'll sort this out in a faster manner.
Be aware, Bitfinex is providing false information to their users. They don´t allow withdrawals of any kind although it is only the USD to what they are being restricted. I personally asked to use the option of withdrawing funds to Taiwan, but they told me that "it would be extremely hard to open a new one for non-Taiwanese citizens". When I told them that that was not true as I was living in Taiwan and all you needed is a passport and requested a withdraw to a Taiwanese bank, they went mute and started not answering.
Bitfinex is selling their own bitcoins at premium prices and planning for bankruptcy.
You are welcomed to join forces with us in our quest to bring them to Justice. Please visit us at https://www.facebook.com/Lawsuit-against-Bitfinex-1885809161667619/
April 23, 2017, 03:16:06 AM
But both Bitfinex's high BTC price and Kraken's low USDT price are the result of banks being difficult. Coincidence, or are banks suddenly and colectively turning the thumbscrews on all crypto-related companies?
Just in this case, it may well be a coincidence
Though it is impossible to tell, at least now. But with Bitcoin popularity growth, we can be certain that such issues will start springing up more often. Bitfinex is not the first exchange that has fiat withdrawal issues, but due to its sheer size the effect is so huge. The good thing is that all exchanges will be in basically the same position eventually. The bad thing, though, is that withdrawing fiat will be more complicated and likely a lot more expensive
Sooner or later that should have happened
And I don't mean just Bitfinex alone but rather relationship entire between Bitcoin representing crypto, on the one side, and the US dollar representing fiat, on the other. It seems that we are close to an open confrontation between the fiat camp and cryptocurrency camp. It may look that the former have the overwhelming advantage but I wouldn't be too fast with sweeping conclusions. Some people are saying that Bitcoin and friends are depending on fiat, now we will see if it is actually so. Personally, I think that Bitcoin can exist without fiat perfectly well since it is money as well as a payment system in and of itself. I understand that many people are interested in the withdrawals of the US dollar (i.e. converting their bitcoins to fiat) but not all people actually need that
April 23, 2017, 02:26:14 AM
Are people still unable to withdraw to fiat from Bitfinex? Many folks are citing problems regarding their inability to withdraw their funds to USD. Some are getting scared about this and others are trying to compare it to what happened to Mt. Gox. Because of this problem, price of BTC to USD in Bitfinex soar to new highs and this disparity in price also confuses other users of the said exchange. Hopefully, they'll sort this out in a faster manner.
April 22, 2017, 08:45:52 PM
But both Bitfinex's high BTC price and Kraken's low USDT price are the result of banks being difficult. Coincidence, or are banks suddenly and colectively turning the thumbscrews on all crypto-related companies?
Just in this case, it may well be a coincidence
Though it is impossible to tell, at least now. But with Bitcoin popularity growth, we can be certain that such issues will start springing up more often. Bitfinex is not the first exchange that has fiat withdrawal issues, but due to its sheer size the effect is so huge. The good thing is that all exchanges will be in basically the same position eventually. The bad thing, though, is that withdrawing fiat will be more complicated and likely a lot more expensive
April 22, 2017, 01:48:14 AM
But both Bitfinex's high BTC price and Kraken's low USDT price are the result of banks being difficult. Coincidence, or are banks suddenly and colectively turning the thumbscrews on all crypto-related companies?
Just in this case, it may well be a coincidence
Though it is impossible to tell, at least now. But with Bitcoin popularity growth, we can be certain that such issues will start springing up more often. Bitfinex is not the first exchange that has fiat withdrawal issues, but due to its sheer size the effect is so huge. The good thing is that all exchanges will be in basically the same position eventually. The bad thing, though, is that withdrawing fiat will be more complicated and likely a lot more expensive
April 21, 2017, 09:44:22 PM
Does anyone know of a way to turn USDT that i withdrew from Bitfinex back into USD without a loss (1:1)? Kraken's decision to let customers trade USDT/USD (resulting in a horrible USDT/USD rate of 0.93 right now) couldn't have come at a worse time or i could have just used Kraken for the conversion.
But both Bitfinex's high BTC price and Kraken's low USDT price are the result of banks being difficult. Coincidence, or are banks suddenly and colectively turning the thumbscrews on all crypto-related companies?
But both Bitfinex's high BTC price and Kraken's low USDT price are the result of banks being difficult. Coincidence, or are banks suddenly and colectively turning the thumbscrews on all crypto-related companies?
April 14, 2017, 05:14:32 AM
Have you read the news about Bitfinex guys? In any case well done, it is the best theft managed in the history of the Bitcoin on an exchange. They survived everything by repaying their debts in just 8 months and become the new leaders. If they had gone bankrupt, no one would have been repaid. It is a question of confidence, clear communication... Bravo!
There are still a lot of questions remaining
And I wouldn't be surprised if it becomes known eventually that the guys who stole the coins were the same guys who had been running the exchange back then. It was all fishy right from the start and remains so. They didn't reveal the addresses to which the stolen funds had been moved, didn't provide information how investigation went and what it ended up with. It might well have been an inside job as may had been speculating back in the day. They might as well have caught the thieves long ago and were just keeping the funds earning plenty of money off them. In any case, I wouldn't be singing eulogies to Bitfinex since there is no reliable info about what actually happened and how it got resolved
Small correction: they did in fact post the addresses where the bitcoins went to.
Still, a lot of questions remain. Even if they didn't do anything nefarious, a lot of questions remain.
Ente
so whats that adress?
April 08, 2017, 01:29:11 PM
Have you read the news about Bitfinex guys? In any case well done, it is the best theft managed in the history of the Bitcoin on an exchange. They survived everything by repaying their debts in just 8 months and become the new leaders. If they had gone bankrupt, no one would have been repaid. It is a question of confidence, clear communication... Bravo!
There are still a lot of questions remaining
And I wouldn't be surprised if it becomes known eventually that the guys who stole the coins were the same guys who had been running the exchange back then. It was all fishy right from the start and remains so. They didn't reveal the addresses to which the stolen funds had been moved, didn't provide information how investigation went and what it ended up with. It might well have been an inside job as may had been speculating back in the day. They might as well have caught the thieves long ago and were just keeping the funds earning plenty of money off them. In any case, I wouldn't be singing eulogies to Bitfinex since there is no reliable info about what actually happened and how it got resolved
Small correction: they did in fact post the addresses where the bitcoins went to.
Still, a lot of questions remain. Even if they didn't do anything nefarious, a lot of questions remain.
Ente
April 07, 2017, 02:10:11 PM
So what do you guys think about the way exchanges are handling the possible fork. Bitfinex is stating the even BTC in lending will be dealt with as if it was in the wallet. Do you feel safe enough?
There's not enough safety whenever you deal with a third party
Especially if that party already took (or lost, if you disagree) your funds for their own (someone else's) use. Apart from that, could you expand more on what is meant by Bitfinex stating that even bitcoins loaned out will be dealt with? That does it actually mean, that we will not see anything? Could you post a link to their official statement on this issue? I want to see that statement with my own eyes
https://www.bitfinex.com/posts/197
this is the official announcement regarding forks and margin trading. It states a more reassuring approach than other exchanges. That´s why i asked if people fill safe "enough" with this reassuring
i think bitfinex want first leading market, so early run start about use hard fork and bitcoin unlimited
but iam not interest bitcoin unlimited trading, so iam leave in bitfinex
April 07, 2017, 12:09:24 PM
So what do you guys think about the way exchanges are handling the possible fork. Bitfinex is stating the even BTC in lending will be dealt with as if it was in the wallet. Do you feel safe enough?
There's not enough safety whenever you deal with a third party
Especially if that party already took (or lost, if you disagree) your funds for their own (someone else's) use. Apart from that, could you expand more on what is meant by Bitfinex stating that even bitcoins loaned out will be dealt with? That does it actually mean, that we will not see anything? Could you post a link to their official statement on this issue? I want to see that statement with my own eyes
https://www.bitfinex.com/posts/197
this is the official announcement regarding forks and margin trading. It states a more reassuring approach than other exchanges. That´s why i asked if people fill safe "enough" with this reassuring
Okay, thank you for the link
I tried to get as much as I could out of that, and the most important part of their letter seems to be the following:
Quote
After much analysis, we have chosen to handle the accounting of margin trading and funding based on the model of how stock spinoffs, dividends, and distributions are handled in equity markets. Specifically, in the case of a hardfork event, lenders will receive both BTC and BTU. Anyone that is short BTC/USD or long any BTC trading pair (ETH/BTC, LTC/BTC, etc.) will owe BTU to the lender, effectively making the user short BTU. An exception is in the case that BTC is borrowed but not in use as margin collateral, in which case BTU accrues to the lender. Users that are margin long BTC/USD or short any BTC trading pair will receive BTU
As I got it, all BTC lenders will receive the corresponding amount of BTU tokens which should match the amount of bitcoins that they lent out. So far so good. But it is no clear (and I'm afraid that this is intentionally left unexplained and unspecified) what will happen to ordinary traders, not involved in margin trading. What interests me most here is whether they will receive the BTU tokens in the amount that matches their current BTC balances (i.e. at the moment of the split)? A simple question which should be given a definitive answer
April 07, 2017, 10:44:09 AM
So what do you guys think about the way exchanges are handling the possible fork. Bitfinex is stating the even BTC in lending will be dealt with as if it was in the wallet. Do you feel safe enough?
There's not enough safety whenever you deal with a third party
Especially if that party already took (or lost, if you disagree) your funds for their own (someone else's) use. Apart from that, could you expand more on what is meant by Bitfinex stating that even bitcoins loaned out will be dealt with? That does it actually mean, that we will not see anything? Could you post a link to their official statement on this issue? I want to see that statement with my own eyes
https://www.bitfinex.com/posts/197
this is the official announcement regarding forks and margin trading. It states a more reassuring approach than other exchanges. That´s why i asked if people fill safe "enough" with this reassuring
Okay, thank you for the link
I tried to get as much as I could out of that, and the most important part of their letter seems to be the following:
Quote
After much analysis, we have chosen to handle the accounting of margin trading and funding based on the model of how stock spinoffs, dividends, and distributions are handled in equity markets. Specifically, in the case of a hardfork event, lenders will receive both BTC and BTU. Anyone that is short BTC/USD or long any BTC trading pair (ETH/BTC, LTC/BTC, etc.) will owe BTU to the lender, effectively making the user short BTU. An exception is in the case that BTC is borrowed but not in use as margin collateral, in which case BTU accrues to the lender. Users that are margin long BTC/USD or short any BTC trading pair will receive BTU
As I got it, all BTC lenders will receive the corresponding amount of BTU tokens which should match the amount of bitcoins that they lent out. So far so good. But it is no clear (and I'm afraid that this is intentionally left unexplained and unspecified) what will happen to ordinary traders, not involved in margin trading. What interests me most here is whether they will receive the BTU tokens in the amount that matches their current BTC balances (i.e. at the moment of the split)? A simple question which should be given a definitive and comprehensive answer
April 07, 2017, 09:53:56 AM
So what do you guys think about the way exchanges are handling the possible fork. Bitfinex is stating the even BTC in lending will be dealt with as if it was in the wallet. Do you feel safe enough?
There's not enough safety whenever you deal with a third party
Especially if that party already took (or lost, if you disagree) your funds for their own (someone else's) use. Apart from that, could you expand more on what is meant by Bitfinex stating that even bitcoins loaned out will be dealt with? That does it actually mean, that we will not see anything? Could you post a link to their official statement on this issue? I want to see that statement with my own eyes
https://www.bitfinex.com/posts/197
this is the official announcement regarding forks and margin trading. It states a more reassuring approach than other exchanges. That´s why i asked if people fill safe "enough" with this reassuring
April 07, 2017, 08:58:26 AM
So what do you guys think about the way exchanges are handling the possible fork. Bitfinex is stating the even BTC in lending will be dealt with as if it was in the wallet. Do you feel safe enough?
There's not enough safety whenever you deal with a third party
Especially if that party already took (or lost, if you disagree) your funds for their own (someone else's) use. Apart from that, could you expand more on what is meant by Bitfinex stating that even bitcoins loaned out will be dealt with? That does it actually mean, that we will not see anything? Could you post a link to their official statement on this issue? I want to see that statement with my own eyes
April 07, 2017, 08:22:48 AM
I removed all BTC from BFX quite a while ago and I anyways don't believe that a fork will happen.
April 07, 2017, 08:15:02 AM
So what do you guys think about the way exchanges are handling the possible fork. Bitfinex is stating the even BTC in lending will be dealt with as if it was in the wallet. Do you feel safe enough?
April 07, 2017, 02:32:59 AM
Have you read the news about Bitfinex guys? In any case well done, it is the best theft managed in the history of the Bitcoin on an exchange. They survived everything by repaying their debts in just 8 months and become the new leaders. If they had gone bankrupt, no one would have been repaid. It is a question of confidence, clear communication... Bravo!
There are still a lot of questions remaining
And I wouldn't be surprised if it becomes known eventually that the guys who stole the coins were the same guys who had been running the exchange back then. It was all fishy right from the start and remains so. They didn't reveal the addresses to which funds had been moved, didn't provide information how investigation went and what it ended up with. It might well have been an inside job as may had been speculating back in the day. They might as well have caught the thieves long ago and were just keeping the funds earning plenty of money off them. In any case, I wouldn't be singing eulogies to Bitfinex since there is no reliable info about what actually happened and how it got resolved
very good point ! it was an inside job and MANY clients lost a lot of money. Bitfinex continues to be unlicensed, to have NO physical address...
The propaganda said that Bitfinex reimbursement the losses but many of their clients sold their tokens with 30% from price long time ago.
April 06, 2017, 08:36:48 AM
Have you read the news about Bitfinex guys? In any case well done, it is the best theft managed in the history of the Bitcoin on an exchange. They survived everything by repaying their debts in just 8 months and become the new leaders. If they had gone bankrupt, no one would have been repaid. It is a question of confidence, clear communication... Bravo!
There are still a lot of questions remaining
And I wouldn't be surprised if it becomes known eventually that the guys who stole the coins were the same guys who had been running the exchange back then. It was all fishy right from the start and remains so. They didn't reveal the addresses to which the stolen funds had been moved, didn't provide information how investigation went and what it ended up with. It might well have been an inside job as many had been speculating back in the day. They might as well have caught the thieves long ago and were just keeping the funds earning plenty of money off them. In any case, I wouldn't be singing eulogies to Bitfinex since there is no reliable info about what actually happened and how it got resolved
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