And they will probably continue to be lackluster, until the bubble suddely is a fact and then everybody and their mother wants in. That's how bubbles work. Sure, as far as retail/casual investors go. But smart money is often buying in during low volume/lull times. And I would think SM is one of the places for smart money (that doesn't want to sit money on shady exchanges or buy with slippage) to turn to. When markets are moving this slow, smart money has time to accumulate in the least visible manner. This means contracts with miners and slow accumulation on exchanges. Sure, that's what I was saying -- that smart money accumulates during low volume lulls. However, I would expect some of that accumulation to happen through venues like Second Market. |
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I've seen this idea floating around quite a bit. It's a ways off from becoming a reality, though, given bitcoin's current market cap.
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We might increase leverage in the future if we see our swap market is cooling off a little.
For the time being we believe it's a good idea, for the sake of traders, liquidity providers and the bitcoin market to slow down a little the growth of our swap total market.
I hope this helps.
Have a good day
Giancarlo
Bitfinex Team
"Earlier today, Mt. Gox halted trading, saying the market needed to "cool down"" I knew i heard that phrase somewhere else before...  Hehe, I don't know about the validity of that analogy, but this is a pretty clear acknowledgement by Bitfinex that swaps/leverage have gotten out of hand vs. liquidity. |
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Woah, people are still using this site? Didn't he get hacked/go insolvent and started slow paying? I recall he stopped paying his signature advertisers as well. Seems like red flags to me...
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777 was late on payment once, not saying they are not trustable but they don't make a good impression for me.
I'm not too concerned about that. I can wait a day or two for a signature payment. 777 has been around for a long time, and has never shown any reason to be untrustworthy. Still, pretty low paying campaign.  |
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- Silicon Valley: Including San Francisco, San Jose and most of what's considered the San Francisco Bay Area.
What a bizarre proposition that will never ever happen. Weird that they refer to the Bay Area as "Silicon Valley". That's some new school visionary crap that will never happen. Anyway, I love the Bay, consider it my home. So I choose that. |
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On a normal market, when position gets liquidated, stocks gets sold. End of story.
If bitfinex would rollback/freeze trades, isn't that market manipulation? They're interfering with "the free and fair operation of the market"
Since bitfinex promised to compensate lenders in case of losses because of a crash, they should pay them out of their own pocket. Otherwise, they should let the lenders take the risk.
Those waiting at the buy side never did anything wrong, they placed their buy orders, btc get sold, buyers get their btc.
You shouldn't undo what has been sold. Once it's sold, it's sold! If it has to crash to $1, then let it crash.
As someone who has lost significant gains as a result of Bitfinex's rollback a few months back, I tend to agree. However, it is what it is. This is their policy, they've done it, and they'll do it again. What I've learned is: bid accordingly. Don't aim too low on Bitfinex, or they'll take your BTC. THen I guess I should move away from them.. I didn't know they have this unfair policy What about btce? Do they rollback trades too? no. btce experienced a flash crash to $100~ at the very same time. they did not roll back trades, and many traders reported having their bids filled in the $100s. Yep, I remember that. Unfortunately didn't have my fiat on BTCE at the time -- stupid me, taking like a $15-20 arb profit instead of keeping money there. Now, I always keep lowball bids on BTCE when I am in fiat. |
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And they will probably continue to be lackluster, until the bubble suddely is a fact and then everybody and their mother wants in. That's how bubbles work. Sure, as far as retail/casual investors go. But smart money is often buying in during low volume/lull times. And I would think SM is one of the places for smart money (that doesn't want to sit money on shady exchanges or buy with slippage) to turn to. |
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I could see another leg down, but I'm seeing a lot of bullish divergences across all exchanges. And 4hr indicators are getting pretty low. Not a good time to be selling, IMO.
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well, i register on this forum on June 21, 2013, and i remember it being the same week that i bought my first coins. so around that date. wish i had bought more back then! How much is it for a coin, and what do they do? Also, if I don't want comments on a thread I post, is there a way to lock it or something along those lines? I tried looking at the rules post, but didn't see anything. It's been a very long time since I started my own topic, but I do recall there being a "lock" button (near reply, etc.) when you start a thread. So yes, you can do that. (pretty sure) |
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When you put in your signature, the signature of a company (casinò ecc.), you rent your signature and not sell !
So, if you have to rent your signature, I may advice you to use Primedice, is the best !
PrimeDice is REPUTABLE, not necessarily the best. Other campaigns offer larger payment plans as opposed to PrimeDice, but they also pay weekly and so it is technically better. I for one cannot specify which campaign is best, but I'm quite confident that PrimeDuce will be around for a long time. Now, then again, if they close, there will be a flood of members looking for new campaign options, which can cause problems for plain members, since they don't have fancy signature allowances. That being said, however, I'm sure there will be new businesses that will pop up and take advantage of this. I personally believe it's the high rates tht cause it to be tough for any other company to participate. Eventually we'll see different companies. One day. Their price may be higher. But if they do run away after a week of signature campaign, your post for that week would be gone. Over sites may offer higher payouts but they May not necessary be the safest and the best. Are there any per post campaigns that pay weekly anymore, now that FX Open is ending theirs? I don't think so. I guess there is 777, but they pay quite low. Wouldn't make sense for Full or Senior members. |
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I once lost many units of BTC in a tragic boating accident. You see, fiat money is not alone in its propensity to be lost. BTC shares this quality as well. |
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I'm 17 atm, occasional marijuana smoker. I've researched the benefits and negatives. I'm not too worried about the smoke as I don't do it daily. I can cite a few articles but they generally say the smoke over a long period is not too bad and actually increased lung capacity in a few cases. The thing I'm worried about is THC's affect on a developing brain (like mine haha). A few articles cited lower IQ (by a few point) for a daily smoker. That's why I don't do it daily. Also, I try not to do it alone because I often go into these deep states of either happiness or sadness. So usually at parties or hang outs only.
Well many people who doesn't seem stupid, like Barack Obama, Steve Jobs and many others famous/rich etc have admitted they have smoked weed. Steve job started when he was 15 and Barack Obama said "When I was a kid, I inhaled frequently. That was the point." so many of them have started young. Steve used LSD too. If that is how "stupid" it makes you, I want to be stupid  I still wouldn't recommend to do it daily but I'm not worried about doing it sometimes. There is more famous people smoking: http://www.mpp.org/outreach/top-50-marijuana-users-list.htmlExactly. But I just want to be on the safe side. And I want to get into vaping. That's why I want something like the Magic Flight Launch Box. So I can conserve weed, be healthier, and still get that same high. Yeah, smoking is still bad for your lungs so it is better to vaporize or eat it. But damn those vaporize machines are expensive  I will buy one of them someday. Yep, not cheap. Broke into my bitcoin to buy one, ran me $600 for a solid valve Volcano. Totally worth it, though. Still have to smoke sometimes -- it can't replace weed for a real smoker -- but it's great. Really brings out the taste. |
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Never used it before, and want some advice. Thank you.
Your best bet is to go ahead and state your question... anyway, to answer the topic's question, I've been using bitcoin since late 2012. Unfortunately, back then, I was just playing poker on SWC and was not really holding onto much BTC for the early 2013 bubble. |
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On a normal market, when position gets liquidated, stocks gets sold. End of story.
If bitfinex would rollback/freeze trades, isn't that market manipulation? They're interfering with "the free and fair operation of the market"
Since bitfinex promised to compensate lenders in case of losses because of a crash, they should pay them out of their own pocket. Otherwise, they should let the lenders take the risk.
Those waiting at the buy side never did anything wrong, they placed their buy orders, btc get sold, buyers get their btc.
You shouldn't undo what has been sold. Once it's sold, it's sold! If it has to crash to $1, then let it crash.
As someone who has lost significant gains as a result of Bitfinex's rollback a few months back, I tend to agree. However, it is what it is. This is their policy, they've done it, and they'll do it again. What I've learned is: bid accordingly. Don't aim too low on Bitfinex, or they'll take your BTC. |
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I won't lie, any bounce attempts have been extremely weak. So I'm nervous, currently holding bags from 623$ BTCE and $629 BFX. But hold them I will!
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If true, then oh crap. DanV is notorious for calling it wrong, lol.
He revised his extreme $200 bear calls around 530 and has been temporarily bullish since then. Now he wants to see 700 before retest of the lows. Ahhh, LOL. Now he just published a new short position. He has given up on the 700 calls and sees a topping formation in the current chart. |
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Everybody and their mother is bearish on TradingView, all calling for 500s and 400s at this point. Everyone going short. Tell me this means we are going to the moon soon. Correction -- everyone there is bearish except DanV. He thinks the $615 level will hold and that we'll see a bullish leg to the $680-720 zone still. |
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Everybody and their mother is bearish on TradingView, all calling for 500s and 400s at this point. Everyone going short. Tell me this means we are going to the moon soon. |
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Anyway, Bitfinex most follow the situation very close, because it can escalate from urgent to an emergency. And should be prepared to adopt drastic measures, like freezing trade, if bitcoin drops more than 10% on Bitfinex alone.
10% and freeze trading,that would be an outrageous bias move. Lenders (many taking loans) are fighting to offer low rates( 0.16% ) considering the level of risk which is currently higher than ever. I think the only way to discourage high level of margin is for a crash to happen, some positions get liquidated and few traders/lenders lose money so that a precedent of High Risk lending/trading is set. This would be ideal. But BFX has already created incentive for the opposite, by previously freezing the market and rolling back trades. |
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