That is not a free market.
When one person or a small group of individuals have too much power over the market it distorts the price discovery mechanism.
The fools who dumped so much should be investigated whether they have a history of doing this. If so, they should be banned from Bitfinex.
Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 69. (Read 723861 times)
August 19, 2015, 06:49:36 AM
August 19, 2015, 06:46:12 AM
Bitfinex should investigate who those retards were that caused the dump to 162.
They may have had malicious intend (price manipulation).
They may have had malicious intend (price manipulation).
Why?
It's a free market. Phil has already said that it was legitimate selling as well as some large margin calls.
Are you attempting to say that people should be blocked from pressing the sell button ?
If you want to know who those 'retards' were, you should probably look at all the people taking part in contributing to $30mill in longs.
August 19, 2015, 05:44:46 AM
Bitfinex should investigate who those retards were that caused the dump to 162.
They may have had malicious intend (price manipulation).
They may have had malicious intend (price manipulation).
August 19, 2015, 12:04:16 AM
The new fee schedule is too high, I have to decline my trading volume
August 18, 2015, 10:06:07 PM
Peace.
August 18, 2015, 08:07:21 PM
August 18, 2015, 07:59:42 PM
i just couldn't resist..
August 18, 2015, 07:48:07 PM
My withdraw still says "processing"
Any updates, BFX team?
Mine is worse. It's "Pending Approval". Any updates, BFX team?
August 18, 2015, 07:36:53 PM
My withdraw still says "processing"
Any updates, BFX team?
Any updates, BFX team?
August 18, 2015, 06:36:13 AM
How long does btc withdrawals take? Over 2 hours is a bit too long....
I have never waited that long for a withdrawal to leave Finex, is it still pending or are you awaiting to see it at the other end.
Common reasons for long withdrawals are if the hot wallet has ran dry, extra verification is needed if its a first time or a suspicious withdrawal or the TX hasn't been picked up by a miner yet.
Do you fit any of those case?
I don't think so.
Well I've just withdrawn instantly with no issues. If it hasn't gone now, contact support and they will reply as soon as possible.
How long does btc withdrawals take? Over 2 hours is a bit too long....
I have never waited that long for a withdrawal to leave Finex, is it still pending or are you awaiting to see it at the other end.
Common reasons for long withdrawals are if the hot wallet has ran dry, extra verification is needed if its a first time or a suspicious withdrawal or the TX hasn't been picked up by a miner yet.
Do you fit any of those case?
I'm also waiting for my pending withdrawals, it says 'Pending Review', it's only below 1btc and I have 2FA that should be automatically process.
I withdraw another to my previous withdrawal btc address, and it withdraw instantly.
I'm still waiting for my first withdrawal.
I think the new address has something to do with the pending withdrawal review.
August 17, 2015, 06:41:17 PM
Should Bitfinex be paying interest on cash deposits? Right now market statistics show $32 million lent out as swaps, and I'm sure there is a substantial amount of cash in the order books and sitting in people's accounts on Bitfinex.
All this USD is hopefully sitting in Bitfinex's bank account held by CTBC BANK Co., Ltd. Bank Address: 5F, No. 17, Sec 1, Cheng De Rd., Taipei City 103, Taiwan.
These deposits are collecting a substantial amount of interested and I want to suggest creating an algorithm to payout this interest to customers who have their cash deposited with Bitfinex.
I don't think this is an unreasonable suggestion. If I have 10,000USD sitting on Bitfinex for a month I would like to receive interest on that deposit whether I'm lending it out or not.
Should Bitfinex be paying interest on cash deposits? Is this a good next step for exchanges in general?
Peace
All this USD is hopefully sitting in Bitfinex's bank account held by CTBC BANK Co., Ltd. Bank Address: 5F, No. 17, Sec 1, Cheng De Rd., Taipei City 103, Taiwan.
These deposits are collecting a substantial amount of interested and I want to suggest creating an algorithm to payout this interest to customers who have their cash deposited with Bitfinex.
I don't think this is an unreasonable suggestion. If I have 10,000USD sitting on Bitfinex for a month I would like to receive interest on that deposit whether I'm lending it out or not.
Should Bitfinex be paying interest on cash deposits? Is this a good next step for exchanges in general?
Peace
August 15, 2015, 10:45:49 AM
How long does btc withdrawals take? Over 2 hours is a bit too long....
I have never waited that long for a withdrawal to leave Finex, is it still pending or are you awaiting to see it at the other end.
Common reasons for long withdrawals are if the hot wallet has ran dry, extra verification is needed if its a first time or a suspicious withdrawal or the TX hasn't been picked up by a miner yet.
Do you fit any of those case?
I don't think so.
Well I've just withdrawn instantly with no issues. If it hasn't gone now, contact support and they will reply as soon as possible.
August 15, 2015, 09:33:20 AM
How long does btc withdrawals take? Over 2 hours is a bit too long....
I have never waited that long for a withdrawal to leave Finex, is it still pending or are you awaiting to see it at the other end.
Common reasons for long withdrawals are if the hot wallet has ran dry, extra verification is needed if its a first time or a suspicious withdrawal or the TX hasn't been picked up by a miner yet.
Do you fit any of those case?
I don't think so.
August 15, 2015, 09:25:36 AM
How long does btc withdrawals take? Over 2 hours is a bit too long....
I have never waited that long for a withdrawal to leave Finex, is it still pending or are you awaiting to see it at the other end.
Common reasons for long withdrawals are if the hot wallet has ran dry, extra verification is needed if its a first time or a suspicious withdrawal or the TX hasn't been picked up by a miner yet.
Do you fit any of those case?
August 15, 2015, 09:15:14 AM
How long does btc withdrawals take? Over 2 hours is a bit too long....
August 07, 2015, 12:35:46 AM
Why delist DRK, business case?
August 06, 2015, 01:16:33 PM
Quote
We have decided to unify our BTC and LTC trading fee schedules into one universal tier structure based upon overall USD value traded in the last 30 days. We have also added additional tiers that reduce the taker rate. This new system will allow traders to get the benefit of their BTC volume when trading LTC and vice versa. Because we are anchoring the tiers to the USD value traded, our customers will find it easier to maintain their tier in fluctuating markets, most notably saving money over the old system in the event of a future price rise. The new rates are as follows:
Announcement and new fee structure is here: https://www.bitfinex.com/pages/announcementsHowever the "fees" page, as well as corresponding user account area are not yet updated.
Ouch, they really jacked up the fees. Obviously they more than doubled for LTC and also much higher thresholds to get discounts on commissions. I guess Finex decidded they were leaving too much money on the table.
The problem with the LTC Bitfinex market is that it's already thinly traded and difficult to get in and out of positions without a lot of slippage. So these fees will probably lead to even less volume and even more difficult to trade LTC there. And then will be even less volume and could be vicious cycle.
I knew they had to add some higher LTC feels eventually but doubling the Taker rate is a lot and most people won't qualify for discounts on the Maker side.
Oh well I am sticking with Bitfinex, but will certainly trade a good bit less there now that will be more drag on returns from the higher commissions and not really profitable to scalp small amounts any longer. But still will be useful when the market is really moving and easier to get in and out of positions.
August 06, 2015, 06:40:06 AM
Hello All,
I"ve received full refund yesterday. Good move guys. I am back to bitfinex with my money . Thanks
Glad you got your refund. Next time though don't whine so much as we were telling you that they would get round to you and sort out any issues you had.
August 06, 2015, 04:42:19 AM
Hello All,
I"ve received full refund yesterday. Good move guys. I am back to bitfinex with my money . Thanks
August 06, 2015, 02:18:23 AM
Quote
We have decided to unify our BTC and LTC trading fee schedules into one universal tier structure based upon overall USD value traded in the last 30 days. We have also added additional tiers that reduce the taker rate. This new system will allow traders to get the benefit of their BTC volume when trading LTC and vice versa. Because we are anchoring the tiers to the USD value traded, our customers will find it easier to maintain their tier in fluctuating markets, most notably saving money over the old system in the event of a future price rise. The new rates are as follows:
Announcement and new fee structure is here: https://www.bitfinex.com/pages/announcementsHowever the "fees" page, as well as corresponding user account area are not yet updated.
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