Happy days, the price is creeping up. Whilst nothing overly exciting (long term) a successful assault on $1300 would feel good.
As for BFX, they've had so many problems over the last year or two. I have no idea why people were still willing to leave bitcoin's or USD there. So many warnings but people continued to use them. Fuckinh stupid if you ask me.
Interestingly, bitfinex's determination to fix their problems (bfx tokens) makes them come across as honestly trying. Why would an exchange suddenly act maliciously and fleece everybody, when they have worked hard to make up for their past technical and financial issues? Then again, Gox had (and tried to fix?) problems before the big heist.
When you play with fire, you can get burnt. You can also cook a great steak.
I have been pondering this a bit too.
My dollar situation on Bitfinex is a bit strange.
In August 2016, just like everyone else who held value on Bitfinex, about 36% of my value on Bitfinex was socialized into BFX tokens, and over about 7 months those BFX tokens were slowly reimbursed.. maybe around 10% of them were reimbursed into dollars between September 2016 and March 2017, even though bitcoin prices doubled during that time.
So, yeah there ended up being opportunity costs to have had value tied up in BFX tokens,
but then April 3, Bitfinex reimbursed 100% of all of the then outstanding BFX tokens, which caused my account to have a larger percentage of dollars in the account.
Thereafter, when the bank account drama developed and therefore BTC price disparities, it became less feasible to buy bitcoins with dollars on Bitfinex because the price of bitcoins on Bitfinex turned into about a 5-8% premium.
And, again the price disparity that conveniently came after they had redeemed all BFX tokens seems like another opportunity for insiders on Bitfinex to game the system.
Sure, I don't really want to read malice into coincidences and/or incompetence, but sometimes the longer that the disparity exists, the more opportunities seem to exist for insiders to exploit and make appearances as one thing when other things are going on (isn't that smoke and mirrors?).
I guess that I am saying that the situation can become a bit more irritating, when you might hold value there and then you recognize these little ways in which your value is potentially being undermined and/or manipulated in ways that are really difficult to prove.
Again, I am not really much of any kind of conspiracist, but these coincidental disparities continue to cause concerns.I'm with you on this one.. I want to believe but the timing of the 100% token redemption is so suspicious. Apparently their bitcoin reserves have stopped their drop over the last 24 hours, so maybe it could still end well