The bitfinex website is a very complex piece of art, and I just wanted to show my support for you guys running this site. Keeping everybody happy is very difficult to do, especially when there are teenagers very angry that they missed a $10 trade that should not have happened in the first place.
You guys handled this well, Thanks!
Bitfinex is not the NYSE. When it halts the market, bitcoin trading does not halt. Holding short positions open while the market rallies 25% is not a laughing matter. We are not talking about the rise from $100 - $660, but $530 - $660. Traders watched for an hour as the their shorts stood open and the market rallied 25% -- that is completely unacceptable. A "trade that should not have happened" has nothing to do with it -- we need to be able to CLOSE OUR FUCKING POSITIONS. You obviously have little respect for traders. Please understand that your money, as a liquidity provider, is not more important than ours. |
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same thing imho happened with the bistamp-fee-integration, first you anncounced it, then still 0.35% fees were deducted from trades. that seems a bit inconsistent
Yes, I was confused about this as well. I have still been seeing .35% fees on my trades. |
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I see trades going through...... so what is it. Trades halted or not?
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Please fix......  Guys, we are working on it. Keep calm. We will resume trading in 10 min time Thanks Giancarlo It's been 35 minutes since this announcement. 55 minutes since trading halted. We collectively have many millions of dollars tied up in your massive fuck up. Fix it now. |
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Awesome work, guys.  |
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You lost a lot of good will these last week or two, bitfinex.
I will point out, non-gloatingly but matter of factly, (and I don't give a f$ck about the verbal abuse I'll get from Giancarlo) that in the past 2 months, Bitstamp tends to behave *a lot better* under pressure than Bitfinex.
I will agree. I am becoming less and less tolerant of these issues. |
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Or is the ability to leverage really that important to you?
Yes, under some circumstances, I suppose it is. |
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Please fix...... |
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any idea whats going on with bitfinex?
It's really fucking my night up is what it's doing. Get that shit moving........ |
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bfx order book showing nothing above 100 - glitch?
Engine broken..... Some people just lost a lot of money there. |
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We have discussed this solution with the Bitcoin core developers and will allow Bitcoin withdrawals again once it has been approved and standardized.
Yeah, so, what's the ETA on that?  |
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It's the best strategy for losing traders. That is all.
Nope. Most bitcoiners are actually holders. Otherwise, the price wouldn't be where it is. Many bitcoiners may be holders but I think you fully misunderstand the point. People hodling Bitcoins are not traders as such... more investors, speculators, savers. There is a difference. I acknowledge that. What I don't acknowledge is that holding is the "best strategy". That is patently false for anyone who has beaten buy-and-hold. |
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It's the best strategy for losing traders. That is all.
Nope. Most bitcoiners are actually holders. Otherwise, the price wouldn't be where it is. That doesn't address anything that was said. And such a situation doesn't negate the potential profits to be made trading. |
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Hold and buy more.
Otherwise, you will lose sooner or later.
Yeah. That's a nice myth on this board... ...but nothing more than that. No, that has been the best strategy so far. Plus, if most people do this, guess where the price is heading. It's the best strategy for losing traders. That is all. |
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Can I get a little bounce please? Coins stuck in transit. No block in last 30 minutes. Damn you, bitcoin!
bounced it for you  Sweet, thanks! Can I get a little bounce please? Coins stuck in transit. No block in last 30 minutes. Damn you, bitcoin!
so you are one of the people selling into this  fiat is ready  Just swing trading a handful of coins back and forth. Vast majority is fiat, in and out of short position. |
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Can I get a little bounce please? Coins stuck in transit. No block in last 30 minutes. Damn you, bitcoin!
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CCMF!!!
cheap coins ahead!
I like it. CHEAP COINS MOTHER FUCKER! |
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This is why I never use their trigger orders.
Yeah, I wonder how many shorts got their positions totally wiped out on the back of this 'bug' and I wonder how long it will take Bitfinex to give people their money back. Support has confirmed in the service discussion thread that any trades that will be rolled back have been rolled back. I personally pulled all my stops when I noticed the order book fucking up, hours before the massive fraudulent orders started pushing through. I'd be fucking pissed right now otherwise. I can't complain, I made a few thousand bucks in a few seconds. But I suspect there are many who have a right to complain. This makes leaving standing stops on Bitfinex pretty fucking iffy. I stopped trading on bitfinex (except for some toy amounts) a while ago, so I'm only peripherally following this... can you tell me if there were any *actual* losses incurred to users after the rollback, or are the "losses" all in the form of "missed profits"? (makes some difference, IMO) To be honest, I have no idea how this works. I know that it is clear that some traders -- including myself -- profited nicely, and had trades trigger well below the bottom on Bitstamp, and I don't know who incurred the losses (traders or Bitfinex). My guess is both. They did not roll back all transactions to the start of the bug, which means that trades that executed well outside of Bitstamp's range (up to $829 and down to $678) may have stuck. I imagine many stops were triggered. The fact that Bitfinex appears to have rolled back transactions based on an arbitrary price range that they set (e.g. below $720 or below $700), tells me that people incurred real losses. Traders holding longs with stop losses below $750 lost. Traders holding shorts with stop losses above $790 lost. |
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I think on a bigger scale than you do. dont be such a know it all, because you cant predict every swing. afterall, we are talking about bitcoin, and the best traders make money in the long run not the short run.
why do you hodl fiat? why dont you try day trading forex.....? cos you will loooooseee
This all depends on time frame. It is easy for the 2011 heads to preach holding. For those that got in 80000% later, it's a bit different. I never had six figures to put into bitcoin. I am up over 50x over buy-and-hold, and if I bought and held, I would have very little skin in this game. Fuck that. "You" will lose? No -- the ones who preach holding are confident that "they" will lose. |
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This is why I never use their trigger orders.
Yeah, I wonder how many shorts got their positions totally wiped out on the back of this 'bug' and I wonder how long it will take Bitfinex to give people their money back. Support has confirmed in the service discussion thread that any trades that will be rolled back have been rolled back. I personally pulled all my stops when I noticed the order book fucking up, hours before the massive fraudulent orders started pushing through. I'd be fucking pissed right now otherwise. I can't complain, I made a few thousand bucks in a few seconds. But I suspect there are many who have a right to complain. This makes leaving standing stops on Bitfinex pretty fucking iffy. |
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