klee
Legendary
 Offline
Activity: 1498
Merit: 1000
|
 |
August 26, 2015, 12:31:00 PM |
|
Just bought LTC and escaped from this shithole...
|
|
|
|
|
|
|
|
|
|
|
|
"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
Cluster2k
Legendary
Offline
Activity: 1692
Merit: 1018
|
|
August 26, 2015, 01:19:37 PM |
|
What I found astounding, and quite concerning, about Bitfinex yesterday was the flash return rate on lending bitcoins. It paid 50%pa! Compare this to around 4%pa at times over the past two months. I have no comment about how this reflects on the stability of Bitfinex or otherwise, but when gamblers on the site are willing to tolerate such volatility it wouldn't take much for an 'oops, bug/error' to bring the whole thing down.
I withdrew my bitcoins a while back.
|
|
|
|
|
aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
|
|
August 26, 2015, 02:22:56 PM |
|
Just bought LTC and escaped from this shithole...
blockchain drama + bitfinex implosion = bullish  |
|
|
|
|
wicks
Newbie
Offline
Activity: 28
Merit: 0
|
|
August 26, 2015, 02:31:16 PM |
|
I vote removing bitfinex from indexes, they are causing nothing but panic. Maybe on purpose...just sayin'
|
|
|
|
|
RodeoX
Legendary
Offline
Activity: 3066
Merit: 1147
The revolution will be monetized!
|
|
August 26, 2015, 04:24:04 PM |
|
The answer is YES. You should never leave coins at an exchange. Withdraw within a few min. of any purchase and move your coins to an address that you have sole control of.
|
|
|
|
ask
Legendary
Offline
Activity: 1386
Merit: 1004
|
|
August 26, 2015, 04:29:42 PM |
|
Bitfinex will be history... soon.
|
|
|
|
|
zeroday
Donator
Hero Member
Offline
Activity: 784
Merit: 1000
|
|
August 26, 2015, 04:34:45 PM |
|
They f*cked people twice with flash crashes. It's pure gambling to continue trading with them.
Finex charts should be ignored. Their recent "low" is artificial and was caused by system glitch.
|
|
|
|
|
BillyBobZorton
Legendary
Offline
Activity: 1204
Merit: 1028
|
|
August 26, 2015, 04:42:55 PM |
|
You should withdraw every single coin of every single exchange and web wallet ever invented, unless you necessary need them because you are soon expecting a price change where you think you can benefit from, otherwise put all of your coins inside the core wallet or some trusted local wallet or paper wallet, because its the only way to properly store BTC long term.
|
|
|
|
|
|
madjules007
|
|
August 26, 2015, 05:48:02 PM |
|
They f*cked people twice with flash crashes. It's pure gambling to continue trading with them.
Finex charts should be ignored. Their recent "low" is artificial and was caused by system glitch.
No, it wasn't a glitch at all, unless you think a) the order book is fake and/or b) the swap numbers provided by Bitfinex are fake. Because outstanding USD swaps diverged from price in the $290-310 range, so net longs were increasing steadily while price was dropping. I took note of the seller dropping 10k+ sells into the $250 level and pulled all my bids, as I feared he was trying to trigger a cascade. So we added $6 million USD longs while price was falling. That's HUGE fuel for a selloff. This divergent trend generally held true until the $250 level broke. This was a huge stop loss level (evidenced surely by all the chartists that expected a strong reversal at the $250-255 level -- myself included). The book was thin and stops ran into stops. The rest is history. Once the $220 level was broken, anyone fully leveraged long from $290-310+ started getting margin called. Thin book, margin calls cascade into margin calls. Not a glitch at all, and to be expected. |
|
|
|
aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
|
|
August 27, 2015, 01:18:57 AM |
|
They f*cked people twice with flash crashes. It's pure gambling to continue trading with them.
Finex charts should be ignored. Their recent "low" is artificial and was caused by system glitch.
No, it wasn't a glitch at all, unless you think a) the order book is fake and/or b) the swap numbers provided by Bitfinex are fake. Because outstanding USD swaps diverged from price in the $290-310 range, so net longs were increasing steadily while price was dropping. I took note of the seller dropping 10k+ sells into the $250 level and pulled all my bids, as I feared he was trying to trigger a cascade. So we added $6 million USD longs while price was falling. That's HUGE fuel for a selloff. This divergent trend generally held true until the $250 level broke. This was a huge stop loss level (evidenced surely by all the chartists that expected a strong reversal at the $250-255 level -- myself included). The book was thin and stops ran into stops. The rest is history. Once the $220 level was broken, anyone fully leveraged long from $290-310+ started getting margin called. Thin book, margin calls cascade into margin calls. Not a glitch at all, and to be expected. how does it look over there now ?? |
|
|
|
|
Chef Ramsay
Legendary
Offline
Activity: 1568
Merit: 1001
|
|
August 27, 2015, 05:44:55 AM |
|
Just bought LTC and escaped from this shithole...
Interesting, LTC is doing ok at this point and it might shoot up soon but, then again, it might not. I played the market w/ it the last few days and gained an extra 50 of it but now the focus is on bitcoin and what it does. You could make out decent or just wish it did better at this point. Going down to the curb is a possibility at this point so stay tuned. |
|
|
|
|
|
Mobius
|
|
August 27, 2015, 09:13:12 AM |
|
Never ever keep your coins on centralized exchanges.
|
|
|
|
|
smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
|
|
August 27, 2015, 12:07:17 PM |
|
I would withdraw
|
███████████████████████████████████████
,╓p@@███████@╗╖,
,p████████████████████N,
d█████████████████████████b
d██████████████████████████████æ
,████²█████████████████████████████,
,█████ ╙████████████████████╨ █████y
██████ `████████████████` ██████
║██████ Ñ███████████` ███████
███████ ╩██████Ñ ███████
███████ ▐▄ ²██╩ a▌ ███████
╢██████ ▐▓█▄ ▄█▓▌ ███████
██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─
▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌
▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─
²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩
▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀
²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`
²²²
███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
|
|
|
|
|
Auxi
|
|
August 27, 2015, 12:08:21 PM |
|
The best place is always your own computer
|
|
|
|
|
|
TReano
|
|
August 27, 2015, 12:24:05 PM |
|
The best place is always your own computer
good luck with a currency which has 0 liquidity. It's pretty stupid to say it's wrong to keep your coins on a exchange if you are trading them. |
|
|
|
|
aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
|
|
August 27, 2015, 02:03:40 PM |
|
The best place is always your own computer
good luck with a currency which has 0 liquidity. It's pretty stupid to say it's wrong to keep your coins on a exchange if you are trading them. well there is always the middle ground.. i keep most of my coins in cold storage, and i have some on coinbase exchange where i been trading.. |
|
|
|
|
|
TReano
|
|
August 27, 2015, 02:27:29 PM |
|
The best place is always your own computer
good luck with a currency which has 0 liquidity. It's pretty stupid to say it's wrong to keep your coins on a exchange if you are trading them. well there is always the middle ground.. i keep most of my coins in cold storage, and i have some on coinbase exchange where i been trading.. without active traders Bitcoin would be dead. |
|
|
|
|
|
opossum
|
|
August 27, 2015, 02:36:24 PM |
|
The best place is always your own computer
good luck with a currency which has 0 liquidity. It's pretty stupid to say it's wrong to keep your coins on a exchange if you are trading them. well there is always the middle ground.. i keep most of my coins in cold storage, and i have some on coinbase exchange where i been trading.. without active traders Bitcoin would be dead. Including the "traders" who have shorted her into the mud? That's the kind of dead she could do without. |
▄▄█████████▄▄
▄█████████████████▄
▄████▀ ▀████▄
█████ █████▄
██████████████▄█████████████▄
████▀▀▀▀▀▀▀█████████▀▀▀▀▀▀▀███▄
████ ███████ ████
████ ███████ ████
████ ███████ ████
████ ███████ ████
████▄ ███████ ▄████
▀████ ███████ ▄████▀
▀████▄▄▄███████▄▄▄████▀
▀▀███████████████▀▀
| TIDEX | ║
█
║ | | ║
█
║ | |
|
|
|
aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
|
|
August 27, 2015, 02:42:01 PM |
|
The best place is always your own computer
good luck with a currency which has 0 liquidity. It's pretty stupid to say it's wrong to keep your coins on a exchange if you are trading them. well there is always the middle ground.. i keep most of my coins in cold storage, and i have some on coinbase exchange where i been trading.. without active traders Bitcoin would be dead. i'm trying to trade.. however i am not buying into this pump due to bitfinex .. |
|
|
|
|
srgkrgkj
Legendary
Offline
Activity: 1218
Merit: 1000
|
|
August 27, 2015, 06:43:22 PM |
|
The best place is always your own computer
good luck with a currency which has 0 liquidity. It's pretty stupid to say it's wrong to keep your coins on a exchange if you are trading them. well there is always the middle ground.. i keep most of my coins in cold storage, and i have some on coinbase exchange where i been trading.. without active traders Bitcoin would be dead. i'm trying to trade.. however i am not buying into this pump due to bitfinex .. currently we may be undergoing a dump lol the pump is pretty much over unless u can make those split second trades  |
|
|
|
|
