Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18560. (Read 26610702 times)

Hey guys, look at the market settling again right on a USD dominated round number like 700 (or 699.99)!

But wait, that's impossible because the markets are primarily controlled by the Chinese, right???  Why would they care about USD psyche levels?  Guyzz???

^{(yes this is sarcasm)}

I don't think we can call BFX dead quite yet.  Too much damn money flowing into that place.  Would have to be a hell of a coke habit to blow that.  

They are probably closing everyone's positions before reopening.  Brace yourself for the cries of indignation.  Why can't I go long on trader outrage. 

And I'll be sipping cabernet knowing the ship will be just fine. Watched this stuff too many times.

Idk about you guys but I'm getting my life vest before the ship sinks!

^That, and Gentlemand has some anal fissures that you wouldn't believe.

?

I think they triggered an automatic trading halt and now are trying to work out what the fuck to do.  The comments regarding network infrastructure are obvious BS.  

Trying to remember what they did when this happened last time and the price penetrated to $102.  

39M in leveraged longs on a broken exchange..This could be a epic disaster if they don't reopen it correctly.

i did like 3 hours ago. I had the withdrawal approved email 55 minutes ago. i havent received my bitcoin yet

Your withdrawal will be confirmed in the next few hours. Apologies for the delay.

As you may know we use segregated multisig BTC wallets for all our users in order to provide (near) real time transparency in proof of reserves.

The transaction fees on withdrawals are dynamically calculated and added per transaction. The height of the fees is determined by BitGo's (our multisig wallet partner) dynamic fee algorithm. In most situations this will result in a balanced fee based on the number of unconfirmed transactions and the required fee amount to be included in blocks almost immediately. There are however situations where the number of unconfirmed transactions spikes in a short period of time causing the TXfees added to not be adjusted immediately on the new mempool state.

As much as would love to be able to adjust fees on a per account basis, this is not as easy as one might think to adjust.

We understand how being able to move funds rapidly will directly affect your trading strategy, but for us being able to offer a user verifiable proof of reserve is at least as important.

We are working with BitGo to be able to increase fees manually when there is a sudden large increase in unconfirmed transactions in the blockchain's mempool, but unfortunately this is not a matter of simply changing a number to increase fees.

Kind regards,

Bjorn
Bitfinex Support Team
[email protected]