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It would be extremely dumb for them to do it. consider they are creating tremendous value out of both the mining and the sales / development of mining equipment.
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Primarily the big 3 - BTCC, Huobi, OKCoin (the China's version of the site). I have not used them for a long time. Before I plan on doing some trades over there, want to hear from other users if their withdrawal requests have been processed in a timely manner.
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Folks,
Haven't used Chinese exchanges for ages, wonder if anyone has any experience with them recently. How's fast do they process the withdrawal of cryptocurrency?
Thanks.
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Time for some consolidation. Now the Chinese exchanges are at a discount to BFX, stamp, coinbase, etc., that has a to act as a drag.
thoughts?
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It's already fixed as I mentioned before, but let me explain again what happened. (numbers are approximated) the matching engine receives a 30 day market bid of 10k. (there might be a chance this bug occured for x-day bids (x!=30) where 30 day offers are taken) The loan offer book, filtered by period=30daysormore looks like: 14k$ @ 0.14% >100k$ @ different percentages between 0.141 and 0.5% 20k$ @ 0.5% Normally the engine will match 10k$ at 0.14%. But the public lending history log showed 10k$ @0.5%. My 30 day loan offer @0.2xx% was still sitting there! So I cancelled this offer, offered at @0.5 and it got matched within no time. Some time shortly after, I saw matches @0.75 and got some matches myself with some money that was released from other loans. During all of this time, there existed 30 day offers at way lower rates. (e.g the 14k offer was still sitting there according to the bfx book and bfxdata.com book (which uses the public api). I got a nice 7x interest compared to yesterday  I never saw nor used this bug myself But it is clear from your description that you obviously weren't the only one who had noticed or in fact been using this flaw. Heck, I guess all these dudes will be very angry at you now when you have reported it to the support team (provided the bug is really fixed, of course). The only thing which I can't understand is why anyone would take loans at so high an interest (like 0.75 per day) when they could easily borrow at much better (i.e. lower) rates? I see that bug happened in the rate-run-up the past couple of days. The matching engine is just odd - instead of the bug favoring the lenders as described, you more often then not see rates like 0.01% matched even when there's better rates sitting on the bid side for the same period. I had been extremely critical of the FRR for ages but that just never go away. |
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I'm not sure about $3000 without any bigger news than uncertain chain split mention about bitcoin usability such as a country legalized bitcoin which could influence people to buy more bitcoin. Current price still persists at $2750 and barely not move to break $2800 point. I guess, people still waiting for August 1st and segwit2x consensus, whether miners will support segwit or segwit2x, but it will be segwit and I hope hard fork won't happen in order to increase blocksize. After all these matters are clear, then bitcoin price should rise again.
I think that nails it pretty good. There were scare prior to July 21 and drop to 1800 but now things seem ok and we have this rebound. After Aug 1, we may see another uptick. |
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Are these guys still active? I went to the site and asked a question but hasn't get a response.
I wanted to order 6 design 1, along with 2 3-pack holograms. But if I paid via Paypal, it doesn't allow me to order multiple items.
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What's the status with the exchange? Looks like orders are still being filled. Anyone withdraw fit or crypto?
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CAvirtex's volume is not that much better than QCX. Their hold policy is ridiculous, and the fee for trading and funding was outrageous for the majority of its life. They are just as bad as the banks! Don't miss it at all!
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Another one to go down! There are few options left for Canadians.
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I guess it is the classic buy on rumor, sell on news.
But I guess bitcoin future is brighter today than yesterday.
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Every rally so far has been a chance to dump coins .....
Last time major news moved it over $450 in November and we haven't seen $400 since.
Why is there always guys like you speaking doom? Someone told me you guys actually think your posts move the market, so you can get cheaper coins. So you just say negative stuff all the time. I can't imagine someone could be that simple minded. A post on BTC Forums isn't going to move the market. -B- It is just an observation and trying to engage in discussions. Not trying to offend anyone or move prices - basing buy-sell on forum post is a little haphazard. I'm never the perma-bear - I've bought into ASICMINER's before at 0.3 BTC when they are paying the first dividends. I do believe in blockchain and bitcoin's concept. Unfortunately right now, we are still in a secular bear market. I'm not 100% sure if this will be the thing that turns it around. |
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Every rally so far has been a chance to dump coins .....
Last time major news moved it over $450 in November and we haven't seen $400 since.
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wonder if anyone did any wire withdraw lately? What's the processing time like?
OK, result - it took 3 days
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Hoping for ETF is like hoping for Litecoin on Gox. Totally irrelevant.
the litecoin on gox rumor did cause litecoin to go up for a while. we will see some sort of reaction when that happens |
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I think it is only fair to add that there are still over $15 million margin loan on BFX. While this number has come down significantly - it is still a lot bigger than the amount of BTC short.
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The etf is an unknown quantity, it must have some effect when they buy in to the market, unless the Winklevoss twins are happy to sell up at this low price.
What's the IPO price of the ETF? |
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mjr,
How much of BFX's fiat is stuck in a frozen Egopay account?
I doubt a whole lot - Egopay has not been withdrawal option for a while already and amount listed there were 'trivial' compare to the total loan book |
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isn't there a newbie jail
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What makes tether different from the likes of OKPay?!
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