Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17391. (Read 26656931 times)

Of course it didnt nose dived. People need to buy btc to get their fiat out of Bitfinex. So BTC's price will go up because at of Bitfinex. Question is when where they are going to dump their BTC that they didnt want to buy in the first place.

Morning Jimbo! Good day for bitcoin holders I see.

The positive is that Bitcoin's price has not nosedived following the announcement.
When people can withdraw cryptocurrencies from Bitfinex, it really doesn't matter.

Currently no fiat withdrawals on Bitfinex, no matter the currency:
https://www.reddit.com/r/BitcoinMarkets/comments/66fiif/despite_claims_re_hkd_chf_there_are_currently_no/dgihy1q/

Hi, this is Chris from Bitfinex. I'm really sorry about these delays and the confusion. I have just spoken to the management and this is what I have learned. cc /u/nomadismydj

TL;DR Bitfinex were led to believe by the bank that outgoing wires were possible using CHF and HKD. In fact the vast majority of these wires were rejected over the course of the last week. The team are now arranging a final resolution with the bank to gain custody of the funds and will make announcement in a few hours.

Longer version: Most of the wires that were attempted in CHF and HKD were rejected since last Friday. The bank led iFinex to believe that the wires were possible but the day after the first ones were processed management were asked to provide more documentation, for example a letter from the iFinex client that they can accept CHF. Management then had to resubmit the wire after the bank holiday weekend and was then told that the standard documentation provided wasn't enough.

The whole process was frustrating and lacked clear communication. iFinex are now making arrangements to gain custody of all the funds and have them sent to their attorneys so that they can finally be restored to the customer with minimal delay. New banking partnerships are also being worked on at the same time.

Goes without saying that cryptocurrency withdrawals and deposits are unaffected. Trading is also going well as some people report making killing on the lending rates.

A formal statement will follow in a few hours. Someone from the team will be online to take questions on Whalepool Teamspeak later today.

DEEZ GAINZ

really hoping that it doesn't retrace the minute bitfinex gets it shit together.

god 8 years in and it's still never a calm moment in this space.

DEEZ GAINZ

really hoping that it doesn't retrace the minute bitfinex gets it shit together.

god 8 years in and it's still never a calm moment in this space.

LMFAO.
I need to remember that one

Isn't Manhattan the shiniest among all baubles?

Aw, I adore him. I just can't afford the electricity to read him.

Nobody likes you.

Back on ignore.

   

Thank you so much for your thoughtful suggestions, Simmo77.  NOT

who would have thunk that I could have achieved my objective with 4 words?   fucking retard.... I used exactly how many words I wanted to use at the time that I wrote the post and in those circumstances to say what I wanted to say.   

If it is not true? why not?  . how the fuck would you know what I wanted to say and how I wanted to say it?   Each of us has different ways of saying things and we choose accordingly. 

Oh, no?  You have some kind of superior vision regarding how to say things and how many words should be used to accomplish such?   

Your guidance is likely to help me in my supposed ongoing quest to improve my style and figuring out how to better express myself for my of course obvious  purposes of achieving more meaningful relations and "engagements" on the interwebs, right?