it seems like u.s wants to control cryptocurrency and make it their own and bully other countries cause they are scared it will take over the u.s dollar. bitfinex is doing the rite thing taking u.s residents out of the equation cause the baggage is the u.s government.
I think the feds are just picking the low-hanging fruit. They realize that cryptocurrency is here to stay. Bitfinex still faces problems, because they operated in the US for years without a license. And then, there was the whole token thing, which may not sit well with the SEC... what about Kraken and Poloniex? they are based in USA and they operate without license. they are in the same position as many other closed exchangers due to the operating an illegal money transmiter  |
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Seizing a domain name is not a big deal, any domain, for that matter. But seizing domains that don't officially sit in the US jurisdiction will be another violation of sovereignty (as far as I understand it). And while technically it might not be difficult, it could be next to impossible politically. What prevents Bitfinex from registering a new domain in some US-hostile country, say, Iran? As I see it, domain names should be Bitfinex' least concern. Seizing the domain is about making a statement. The banking world would shut them out (well, already done in Bitfinex's case), and they would forever have a target on their back and risk of seizures. Further, Bitfinex is a whole lot larger than Btc-e, and they had tensions with the CFTC in the past, so, first, they are more tasty than Btc-e, so to speak, and, second, they should be prepared to the US "law enforcing" agencies to go after their servers (and even more so now that Btc-e servers got seized). So the real question is whether the US already tried that but failed or they are yet to try. Besides, Bitfinex has already been blacklisted by the US banks (see Wells Fargo), so there likely was (is) something going on behind the scenes, and it kinda looks that this exchange is far better prepared to the kind of attack that Btc-e fell victim to
I think it's more just a matter of time. The feds take years to build these cases. maybe not more than 6 months from now on. |
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You're asking for a total revamp of the system, not going to happen too soon
Gemini, Itbit, Bitstamp, GDAX, Kraken, Coinfloor and perhaps a few others. Kraken is broken but unhacked. Bitstamp was hacked but users weren't affected. GDAX is a weird flaky place but has never been hacked and is backed by extremely deep pockets. The Japanese exchanges are now rigourously regulated and backed by proper finance heavyweights. I think it's only a matter of time before the alt only places have to shape up or ship out. It's also likely that the above list will add more alts as time goes by too. Once more of them have margin trading the volume will move towards them too. The revamp is happening, albeit slowly. Kraken is unregulated. They can be seized anytime. They play a very risky game on the client's funds. I don't know what's in their mind |
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I'm dreaming people would stick to facts instead of saying BS.The whole thing behind this topic is this: According to author “Bitcrypto’d,” there is a high likelihood that Bitfinex itself is spoofing the entire market place. There isn't any proof of any wrong doing. Just one guy saying there could be something... haha. nice shill and a legendary one  it's not only "one gue saying" . I am saying that since years ago ! The exchangers have fake volumes just to appear "big" and to manipulate the market. 99% from exchangers are spoofing and having fake volumes and you come to say that it's not true. OK ! LOL Bitfinex is an unregulated shit exchanger like BTC-e, Poloniex, Kraken, all the chinese exchangers and so on. these have fake volumes and they manipulate the market as they want. is this correct for traders that a shit exchanger can dispose of funds as it wants? don't come with "it's a free market" . a free market doesn't mean to fraud your client, to steal from him and so on. |
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I saw spoofing today or boxing in other term live and yes its frustrating. They set up walls, big ones, fake ones, restricting or moving prices by influence.
I actually mentioned it to the exchange and one wall came down in minutes.
Bitcoin CAN and WILL go UP and DOWN by spoofing, a big one is coming, they need their profits after all. I predict anytime now BTC starts to drop hundreds of dollars at a time day after day.
Why bother trading if you are not going to take profit, right.
I sold and am on cash for now, price will drop because big spoofers say so.
This is a really sad to know about this manipulation; if any big scam is in progress and the exchanges are involved in it, then one day this artificial balloon will be blast and the bitcoin price will hit the bottom. People will loose the trust and there will be very difficult phase for the survival of bitcoins. that's why I am saying that the unregulated exchangers are a plague. their greedy will make you lose your funds and BTC will collapse. don't use unregulated exchangers anymore and the BTC market will be clean and smoothly |
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BTC-e is considered a money laundering company. only those who have clue about laws, can think that BTC-e will come back.
Is considered by whom exactly? By some organisation that intends to take other people's money? by those you closed them and this is all it matters. I understand your point but we live in a society where BTC-e actions are considered as money laundering and operating without a financial license. those who are trading must do their due diligence before using an exchanger. the first thing they have to check is if that company is regulated. I recommend you to do the same with Kraken, Poloniex, Bitfinex and others... |
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Everybody seems to be quietly ignoring the fact that 4-5 months later, Bitfinex doesn't have fiat deposit/withdrawals. Its BTCUSD market is completely fabricated at this point. They keep adding shitcoins to distract from it. Now they are adding an entire shitcoin exchange to distract from it. As long as the crypto bubble continues, it seems like they'll get away with it, too. Until you consider: Why has the entire banking system blacklisted Bitfinex? Could there be something larger at play? Then, when you consider that Tether is owned by Bitfinex' parent company (large outstanding liabilities to major exchanges like Kraken, Poloniex, Bittrex), you come to realize..... if shit hits the fan at Bitfinex, this is going to have rippling effects through the economy. They probably have the SEC investigating them for their debt security scheme (they issued them to US customers and let them sell on the open market). And like BTC-E, they are an unlicensed MSB. That they are seemingly permanently cut off from the banking system should be worrying for people. @illinest, a great point. it seems there are still people with brain on this forum. you should post more and maybe the sheep will read....and understand what you are saying. |
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IF there is a partial refund, (which I doubt now) it should require verification in the way of account, password, API key, secret, or whitelisted IP address.
Anything extra is utter sheyt and BS. IF they open up for trading, they COULD ask for it, but just to refund people a fracking 55% or less? It sounds fishy to me either way.
there will NO refund. What licensed company will risk to take over a shit exchanger like BTC-e? That company will have to report the transaction to the financial authority where they are registered and this one will never allow a such thing. Even, BTC-e will create a such company, it takes many months (at least 7-8) to get a license in any country. BTC-e is considered a money laundering company. only those who have clue about laws, can think that BTC-e will come back. It's a non-sense |
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there will be NO refund. there are only empty words (a bone to dog from time to time). get used with that.
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Bitfinex is like BTC-e; part of the "same" gang |
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I seriously thought it was done an over with Bitfinex, in terms of being the largest USD exchange.
It's not really a USD exchange any more as you can't input or extract USD. It's bizarre how short everyone's memories are. They were ravaged with outages and haircuts yet they still came back for more. They've still said nothing about the hack, still haven't provided an audit that was promised months ago, when they lost banking they said they were going to be opening new trading pairs like CHF a week or two later. Er, nope. Regardless of this spoofing in crypto is not illegal so it's going to happen. It's a bit less cool if it's the exchange themselves doing it with dollars that they've magically conjured into existence with Tether. because there was no hack. it's was an inside thing. the lost the banking and they will never get it back. yes, the people are ..pffff... I cannot find words. that's why sometimes I say that they deserve to lose their funds so that they can learn the lesson. how can you use a such exchanger? just because they have a "better" API like BTC-e?  |
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As if other exchange never manipulate price, volume or total trade. Whales or few altcoin developers also do this to earn profit. But i think smart traders won't be fooled by this kind of manipulation and people shouldn't use exchange which knows to manipulate things or have shady reputation.
almost all the exchangers are doing that. I think Gemini and Coinbase are not doing it anymore. Being regulated, it's harder to play with your freedom. They heard that it's not so good in jail so, people should try to use regulated exchangers instead of shady ones(Bitfinex is one of them). |
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I actually wrote a post yesterday where I noticed this sort of behaviour at Bitfinex, where massive buy or sell orders pop up to temporarily make the market go into a certain direction, without these large orders getting bought or sold into. I personally don't see anything being wrong with this, unless it turns out that it is coming from Bitfinex itself. That being said, after everything that happened with Bitfinex, or better said, after everything they have put their customers through, only an idiot would make use of that exchange again. It actually surprised me that they managed to regain a huge load of their volumes again. I seriously thought it was done an over with Bitfinex, in terms of being the largest USD exchange.
you will be amazed of how many idiots(sheep) are around... |
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People trading on this and some other platforms know what they're getting into when they get there. I didn't see any solid evidence that Bitfinex is actively participating in their own markets. However, exchanges are mostly unregulated. If you want to trade on regulated places only, that's fine, and there are places for that.
I listened to a Whaleclub interview with Phil Potter where he said openly that he traded on his own exchange. I don't recall him going into much detail, but one would have to think he (as a top executive) has a lot of information (positions, stops) to use against traders. They could certainly be front-running customers, or worse. The regulated exchanges are illiquid, so they just follow Bitfinex. I just hope that Bitfinex isn't the next Mt Gox..... if the users accept that, they deserve to lose all their funds. I mean, someone must be very arrogant or ignorant to accept the fact that an exchanger manipulates the price as he wants. it's not only Bitfinex. 99% from the exchangers have FAKE volumes and the sheep(their clients) accept that. see something interesting since 2015: https://www.reddit.com/r/BitcoinMarkets/comments/2t3iz5/bitfinex_cso_phillip_g_potter_admits_to_trading/ |
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for all those who are waiting since months for an answer, what do you think about people who are saying that Poloniex is the best? what message do you have for them? |
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I moved to new york for almost a year and I still don't understand the legality of bitcoin in NY can someone explain?
Also I have been using exchanges and online wallet normally being in NY (Brooklyn) Exchanges, Wallets, Services, Localbitcoin, Paxful.
No problem at all but would really want to know how it all works in new york, don't want to get into any troble.
use the licensed ones like Coinbase, Gemini and itBit . you won't have any problem with them. they are fully regulated. New York State Department of Financial Services has granted licenses to these exchangers. |
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just ignore the statist fuck and move on
you are just a childish libertarian...and nothing more. what can I say? stop drinking too much , stop smoking weed daily and stop making 69 with your boyfriend(at least a while). your brain is affected |
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yes, keep using shit(unregulated) exchangers and the history will repeat. you will lose the funds.  Your logic is terrible and should probably just leave. Funds were not lost due to "unregulated" BTC-e, they were lost BECAUSE of regulators. Seems like a chicken-and-egg problem. The US government creates the law and is largely free to enforce it as they please across the world. So in that sense, yes: any exchange that serves US customers without holding MSB licenses and complying with AML law can cause customer funds to be lost. The morality of this is a whole different issue. In no way is what happened to BTC-e an argument FOR regulation and anyone with a genuine opinion (not agenda-driven fud) knows that.
There are two opposing camps that are diverging further and further apart. The cypherpunks who want to create a decentralized world have no interest in complying with government thugs. Others, like our friend above, are bootlickers, and enjoy seeing law enforcement rob people of their hard-earned money. I guess, you are a cypherpunk, right? I respect your choice. IMO, a person who have hard-earned money, won't play it with an anonymous exchanger just because their API is better than a regulated one. Also, a person who have "hard-earned money", won't trade at all. Yes, there are naive(sheep) people who used BTC-e but they have no excuse if they lost big amounts. It's simple to make a due diligence these days. If you are ignorant, you pay. It's plain simple You don't have to be a "bootlicker" to see straight(the things as they are). We live in a world where there are rules, laws, etc. You have the freedom to chose if you want to live in this society or to retreat in the forest, living like a saint It's a choice. If you choose you to be a financial "trader", then you have to comply with the society laws(financial laws in this case). Yes, the laws are far to be perfect but they protect you from time to time. The future belongs to the regulated exchanger. you like it or not, that's it. Don't forget that few exchangers invested a lot of time and money(see Bitstamp and Coinbase) to in good standing. are they stupid? NO ! they started like BTC-e, without any license, etc but they realized that they won't have any future without this financial license. it's obvious that you know almost nothing about finance, laws and that's why I will stop here, cypherpunk. |
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If we are to remain honest, we should accept the fact that the US is effectively controlling the monetary and, more broadly, financial flows around the world (at least, the better part of them). At a time, the train of events got close to cutting Russia itself from the SWIFT international payment system. Right now Russia tries to get itself out of these ties and break away with the payment systems controlled by Uncle Sam. In fact, it is not about using Btc-e again if (when) it restarts (most people will be happy to use it again anyway) but rather how useful it will ever be. As I see it, they could only restart (in any meaningful way) as a cryptocurrency only exchange with no fiat deposits and withdrawals (like Bitfinex had been cut off of the fiat transfer channels in April)
What you are describing is the US sliding into Tyranny, look at the Stasi style law enforcement ignoring international boundaries, and you can see the 1930's all over again. " Those who cannot remember the past are condemned to repeat it". yes, keep using shit(unregulated) exchangers and the history will repeat. you will lose the funds. |
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