Why Bitfinex is at 1263 and Bitstampt at 1210?
because in bitfinex support margin trading
ussualy exchanger is support margin trading, price can highers or lowerst
because trade can get leverage so capital money use trading can big too
Topic: Why Bitfinex is that much more than other sites? - page 2. (Read 2339 times)
because in bitfinex support margin trading
ussualy exchanger is support margin trading, price can highers or lowerst
because trade can get leverage so capital money use trading can big too
Don't preach.
It might as well be a trap for buyers, that will react to this temporary withdrawal block and buy at premium just to wake up with the next day and watch it all go back to normal.
If they got blocked by a bank, they're trying to find another one. Not their fault, stuff happens and it's nothing like MtGox, that was scamming for months before shutting down.
It might as well be a trap for buyers, that will react to this temporary withdrawal block and buy at premium just to wake up with the next day and watch it all go back to normal.
If they got blocked by a bank, they're trying to find another one. Not their fault, stuff happens and it's nothing like MtGox, that was scamming for months before shutting down.
You should spend some time analyzing this whole situation where Bitfinex has been a problem magnet for quite a long time. It has only caused the market to react in a negative manner, with as ultimate deep low the "hack" of last year. It's not for nothing that banks have stopped doing business with Bitfinex (shady behaviour, not registering itself properly according to the laws, and I wouldn't be surprised if there was more). Bitfinex has just started to behave in the exact same manner as MtGox was doing back then. Give it some time, eventually the destructive route Bitfinex is walking will be similar to the one from MtGox. People have been warned since last year, but not many have taken any of these warnings seriously.
Why Bitfinex is at 1263 and Bitstampt at 1210?
Bitcoin tends to be somewhat overpriced in China and the other East Asian nations, as there the demand is much more than the supply. I don't know much about the Bitfinex userbase, but I have heard that most of their users are from East Asia.
Why Bitfinex is at 1263 and Bitstampt at 1210?
Many people on this thread have said that it is because the difference between the orders on particular cryptocurrency exchanges, but this is not a real reason.Bitfinex have suspened wire deposits for now, so you are not able to deposit or withdraw the fiat money that you have on their website.
It means you can only buy bitcoins, because if you are going to sell them, you won't cash out the funds in $.
I assume that they are just buying bitcoins for the cash that left on their accounts, and they are simply transferring it to the other places.
For me, it looks like many people with fiat over there are panicking, and doing all they can to get out their money out of the Bitfinex.
It had been stated several post before you, but I am also puzzled why people are selling their Bitcoin when USD withdrawal is suspended, a sane person would rather move out of the site and sell somewhere , where he can withdraw his cash. Unless Bitfinex have the coins and sold them at higher price. Maybe a trap to the buyer to buy premium BTC. I hope this are not the hacked coins
Why Bitfinex is at 1263 and Bitstampt at 1210?
Many people on this thread have said that it is because the difference between the orders on particular cryptocurrency exchanges, but this is not a real reason.Bitfinex have suspened wire deposits for now, so you are not able to deposit or withdraw the fiat money that you have on their website.
It means you can only buy bitcoins, because if you are going to sell them, you won't cash out the funds in $.
I assume that they are just buying bitcoins for the cash that left on their accounts, and they are simply transferring it to the other places.
For me, it looks like many people with fiat over there are panicking, and doing all they can to get out their money out of the Bitfinex.
Try withdrawing your fiat, you can't.
That's why you buy BTC at a premium to withdraw that and sell on another exchange to cut their losses, nothing but smart trading.
Finex is going to be MtGox all over again so you have a choice; 1) Lose everything. 2) Buy BTC at premium and cash out at other exchange and take your small losses.
And yes, this is basically a trap for sellers, people that don't know what's going on and think they can sell their btc at a premium.
Don't preach. That's why you buy BTC at a premium to withdraw that and sell on another exchange to cut their losses, nothing but smart trading.
Finex is going to be MtGox all over again so you have a choice; 1) Lose everything. 2) Buy BTC at premium and cash out at other exchange and take your small losses.
And yes, this is basically a trap for sellers, people that don't know what's going on and think they can sell their btc at a premium.
It might as well be a trap for buyers, that will react to this temporary withdrawal block and buy at premium just to wake up with the next day and watch it all go back to normal.
If they got blocked by a bank, they're trying to find another one. Not their fault, stuff happens and it's nothing like MtGox, that was scamming for months before shutting down.
How can people buy bitcoins when clearly the seller is not going to be able to withdrawal fiat themselves? so it's kind of a trap for sellers right?
I assume people who sell BTC at the moment expect that they can withdraw FIAT again in the coming days/weeks. I also still trust Bitfinex that they will find a solution.
I acutually think this was bound to happen sooner or later that banks will try to stop dealings with cryto-exchanges and I don´t really see the fault 100% on Bitfinex's side. Other exchanges just don´t accept FIAT at all because of this problemactic.
Try withdrawing your fiat, you can't.
That's why you buy BTC at a premium to withdraw that and sell on another exchange to cut their losses, nothing but smart trading.
Finex is going to be MtGox all over again so you have a choice; 1) Lose everything. 2) Buy BTC at premium and cash out at other exchange and take your small losses.
And yes, this is basically a trap for sellers, people that don't know what's going on and think they can sell their btc at a premium.
That's why you buy BTC at a premium to withdraw that and sell on another exchange to cut their losses, nothing but smart trading.
Finex is going to be MtGox all over again so you have a choice; 1) Lose everything. 2) Buy BTC at premium and cash out at other exchange and take your small losses.
And yes, this is basically a trap for sellers, people that don't know what's going on and think they can sell their btc at a premium.
Bitfinex have had $180million in funds frozen by Wells Fargo and in addition none of the Taiwanese banks will deal with them.
Fiat withdrawals have stopped. So people are getting their money out by buying btc and withdrawing, hence the higher price (due to higher demand).
Don't deposit any money on bitfinex and if you have coins there, withdraw them - better safe than sorry.
How can people buy bitcoins when clearly the seller is not going to be able to withdrawal fiat themselves? so it's kind of a trap for sellers right?Fiat withdrawals have stopped. So people are getting their money out by buying btc and withdrawing, hence the higher price (due to higher demand).
Don't deposit any money on bitfinex and if you have coins there, withdraw them - better safe than sorry.
Unless they have their own coins and selling their own coins at high prices with this opportunity?
What ever you do right now in bitfinex will result in one way trap of your money stuck whether you trade btc or other altcoins you can't take out any fiat.
For those who have still trust and want to continue with Bitfinex then it's up to you. If they will still operate and become more stable then good for you but I just don't want to add some risk in my part that's why Im having a statement like that above and this post.
The recent hack last year is already enough in wrecking my trust against them after using them for years. Regret really happens at the end of the day and I don't want to wait for that "end of the day". Goodluck to all.
The recent hack last year is already enough in wrecking my trust against them after using them for years. Regret really happens at the end of the day and I don't want to wait for that "end of the day". Goodluck to all.
Don't deposit any money on bitfinex and if you have coins there, withdraw them - better safe than sorry.
That would be the best possible way for people to react, but I am fairly sure that just a tiny fraction of them will actually do so. Most people will only learn when things cost them a heavy load of money, but then it's already too late to act. I am not trying to scare people off, but the Mtgox smell starts to become stronger and stronger.
Well yes, that's by definition how it works if Bitfinex is insolvent - it basically becomes a ponzi scheme. Those few who get out get out, the rest is inevitably trapped. The USD trapped is always going to be trapped, by getting out you're only changing >who< gets trapped. The majority would inevitably end up trapped.
Don't deposit any money on bitfinex and if you have coins there, withdraw them - better safe than sorry.
That would be the best possible way for people to react, but I am fairly sure that just a tiny fraction of them will actually do so. Most people will only learn when things cost them a heavy load of money, but then it's already too late to act. I am not trying to scare people off, but the Mtgox smell starts to become stronger and stronger.
Bitfinex have had $180million in funds frozen by Wells Fargo and in addition none of the Taiwanese banks will deal with them.
Fiat withdrawals have stopped. So people are getting their money out by buying btc and withdrawing, hence the higher price (due to higher demand).
Don't deposit any money on bitfinex and if you have coins there, withdraw them - better safe than sorry.
Fiat withdrawals have stopped. So people are getting their money out by buying btc and withdrawing, hence the higher price (due to higher demand).
Don't deposit any money on bitfinex and if you have coins there, withdraw them - better safe than sorry.
Probably because their fiat accounts has been blocked and you can't withdrawal any fiat from there? but has anyone tried to deposit bitcoin and buy any of the alts they're trading? I agree it doesn't make any economic sense to offer $50 above the market price, maybe they are trying to pack their bags and run away?
I think it will not happen. we know that bitfinex is a great company. of course they have the confidence and very good security system. they would not leave us with poverty.this was a funny post, specially since the wounds of bitfinex getting hacked is not yet healed completely. i mean it is not even 1 year since the hack incident and they have not yet paid their customers in full.
...and you say good security.
and it has nothing to do with the current situation anyways. it is their Taiwan bank blocking their accounts!
Am I the only one thinking that this smells like Mt.Gox?
many are thinking it so you are not alone. but i don't think it is true.
if they wanted to run away and scam they would have closed everything down. i may not have been around for Mt Gox but i remember Cryptsy well enough. they continued to give promise they open wallets but they never did.
bitfinex crypto wallets are open and people are withdrawing cryptocurrencies. that is THE reason for price rise!
I think for bitfinex maybe the reason that is why the margin is different remember the last year happen so some investor just want their bitcoin safe..
Probably because their fiat accounts has been blocked and you can't withdrawal any fiat from there? but has anyone tried to deposit bitcoin and buy any of the alts they're trading? I agree it doesn't make any economic sense to offer $50 above the market price, maybe they are trying to pack their bags and run away?
I think it will not happen. we know that bitfinex is a great company. of course they have the confidence and very good security system. they would not leave us with poverty. 
Am I the only one thinking that this smells like Mt.Gox?
many are thinking it so you are not alone. but i don't think it is true.
if they wanted to run away and scam they would have closed everything down. i may not have been around for Mt Gox but i remember Cryptsy well enough. they continued to give promise they open wallets but they never did.
bitfinex crypto wallets are open and people are withdrawing cryptocurrencies. that is THE reason for price rise!
It's like Tether, except Tether's balance sheets are what's making it clear they're failing to keep each USDT backed by a dollar, whereas with Bitfinex it's shady activities behind the scenes and long periods of no one actually knowing whether they'll be able to process fiat withdrawals in the future. The higher price on there is starting to prove that people might never get their money back. If I had funds on there I would have pulled them off ages ago.
It won't be as bad as Gox though, since Bitfinex only controls a small amount of the market whereas Gox controlled most of it at the time.
Am I the only one thinking that this smells like Mt.Gox?
many are thinking it so you are not alone. but i don't think it is true.
if they wanted to run away and scam they would have closed everything down. i may not have been around for Mt Gox but i remember Cryptsy well enough. they continued to give promise they open wallets but they never did.
bitfinex crypto wallets are open and people are withdrawing cryptocurrencies. that is THE reason for price rise!
Am I the only one thinking that this smells like Mt.Gox?
Probably because their fiat accounts has been blocked and you can't withdrawal any fiat from there? but has anyone tried to deposit bitcoin and buy any of the alts they're trading? I agree it doesn't make any economic sense to offer $50 above the market price, maybe they are trying to pack their bags and run away?
Did you mean if there is panic buy on the bitfinex market? I can't withdraw fiat on bitfinex the possible thing if i buy bitcoin and sold them in another site. Jump to: