ebliever
Legendary
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Activity: 1708
Merit: 1035
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June 21, 2016, 01:48:11 PM |
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I don't get it. How does Bitfinex being down earn them any money? I would think it would be the opposite - they can't earn commissions on trading while they are shut down. What am I missing?
by shutting down. you can then freeze everyones orders. and then slip in their own order to sell at optimum price(because they have kept orders at $760 by shutting down.. even when other exchanges are down to $730). happily able to let their customers panic the price down to get back to equilibrium with other exchanges. then the exchange just buys up the coins at a cheaper price Ahh, yes, that would be scuzzy. Any way to prove that this happens if it does? I'd think people would be able to check timestamps on orders executed and see that this happened, and raise Cain over it. |
Luke 12:15-21
Ephesians 2:8-9
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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dE_logics
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June 21, 2016, 01:52:00 PM |
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Prices are $650; the exchange is now ok.
Complete scam.
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Efficiency V
Newbie
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Activity: 25
Merit: 0
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June 21, 2016, 02:05:18 PM |
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Prices are $650; the exchange is now ok.
Complete scam.
Very well could have been. But either way, now is the time to buy at these prices... it will probably bounce back up from this. |
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doublemore
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June 21, 2016, 02:42:57 PM |
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Didnt matter to me i am hodling, i did have a few lower buy in orders on finex for LTC but nothing to worry about. Everything is back up and running and we move on.
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biggbox
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June 21, 2016, 03:11:01 PM |
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A popular exchange went offline could trigger a price crash? How does that work? What if all the exchanges collude?
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1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
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crazyivan
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Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
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June 21, 2016, 03:29:39 PM |
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Stop spreading FUD, this is just another usual day in BTC pump and dump world. In a day or two, we ll be fine, as always. There s NO another Mt.Gox.
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European Central Bank
Legendary
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Activity: 1288
Merit: 1087
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June 21, 2016, 03:59:19 PM |
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Kinda pathetic that one exchange can do this shit to a global 24 hour market. Goes to show that we're too dependent on a small amount of guys who ain't professional enough. In this case it was a legit outage but they should've been prepared for this.
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hasiramasenju
Legendary
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Activity: 980
Merit: 1000
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June 21, 2016, 04:31:28 PM |
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honestly Bitfinex is down or not it doesn't matter for me because i was never use their service and i must says i could take advantage from this situations with buying bitcoin more cheap and currently Bitfinex up and slowly but sure looks like bitcoin prices has rise up again
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mobnepal
Legendary
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Activity: 1218
Merit: 1006
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June 21, 2016, 07:50:34 PM |
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I have used them before and didn't hold any bitcoins there currently so i didn't get effected by this downtime. I mostly envolved in altcoin trading so all my assets are in alts and when price of bitcoin drops alts usually go up so i am in quite balance. However, one exchanger going down got lots of effects on bitcoin price which is quite suprising.
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mayax (OP)
Legendary
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Activity: 1456
Merit: 1004
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June 21, 2016, 09:53:37 PM |
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I have used them before and didn't hold any bitcoins there currently so i didn't get effected by this downtime. I mostly envolved in altcoin trading so all my assets are in alts and when price of bitcoin drops alts usually go up so i am in quite balance. However, one exchanger going down got lots of effects on bitcoin price which is quite suprising.
because there is a cartel. that's why, this is the pure evidence that the "big" exchangers are linked between them and that the price is not made by the market but the Willy bots( bots used of exchangers to make fake trades).  imagine, how much their clients lost today because Bitfinex closed the servers knowing that the BTC price is going down. And then, imagine how much Bitfinex earned because of this scam  |
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BTcoint
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June 21, 2016, 09:57:44 PM |
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BTC price is crashing, Bitfinex is down for "experiencing issues throughout datacenter " and their clients are losing HUGE amounts while Bitfinex is earning. PURE FRAUD !
Bitfinex's clients cannot withdrawn, cannot make anything now while the price is crashing. They are locked outside of their accounts.
i hope they get in service back soon and for sure Bitfinex will loose half of their customers |
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mayax (OP)
Legendary
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Activity: 1456
Merit: 1004
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June 21, 2016, 10:04:57 PM |
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BTC price is crashing, Bitfinex is down for "experiencing issues throughout datacenter " and their clients are losing HUGE amounts while Bitfinex is earning. PURE FRAUD !
Bitfinex's clients cannot withdrawn, cannot make anything now while the price is crashing. They are locked outside of their accounts.
i hope they get in service back soon and for sure Bitfinex will loose half of their customers there are back but the BTC price is already -10% BTcoint, there are so many kids and brains drained in the BTC market...you cannot imagine . Yes, they will lose few clients but not half or most of them as it should be normal. |
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biggbox
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June 22, 2016, 12:35:18 AM |
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I am quite surprised that bitfinex has behaved in this manner. I thought they were one of the respectable exchanges.
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1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
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senyorito123
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June 22, 2016, 01:48:26 AM
Last edit: June 22, 2016, 02:06:57 AM by senyorito123 |
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BTC price is crashing, Bitfinex is down for "experiencing issues throughout datacenter " and their clients are losing HUGE amounts while Bitfinex is earning. PURE FRAUD !
Bitfinex's clients cannot withdrawn, cannot make anything now while the price is crashing. They are locked outside of their accounts.
i hope they get in service back soon and for sure Bitfinex will loose half of their customers there are back but the BTC price is already -10% BTcoint, there are so many kids and brains drained in the BTC market...you cannot imagine . Yes, they will lose few clients but not half or most of them as it should be normal. I think most of holders attracted for 730+$ price and they sell their coins they have since they get already their profit with it but i am not really surprise since its was talk of people in online that some of them will sell because they dont want to left behind of massive sellers sell their coin in the month of july. But my thoughs with this surely price will hit to its highest price again and surely we can see little more rally again. |
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bitcoinhopper
Sr. Member
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Activity: 336
Merit: 250
Bravity is beautiful.
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June 22, 2016, 02:39:43 AM |
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price BTC with 770$ to 680$  BTC is really crashing. A test trial of $12.81 and down by $8.98 and down minus.Please convert to know the BTC equivalent.Any better hope for more business. Bitfinex not to sure about it.I have seen prices not keen on investing.I know of bitstamp. Any information about Genesis mining and bitcoins network. Its not really crashing its just that we need some patient it will go back up again for sure without any doubts. The bitcoin has a very good future a head these days. |
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senyorito123
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June 22, 2016, 04:48:17 AM |
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price BTC with 770$ to 680$ BTC is really crashing. A test trial of $12.81 and down by $8.98 and down minus.Please convert to know the BTC equivalent.Any better hope for more business. Bitfinex not to sure about it.I have seen prices not keen on investing.I know of bitstamp. Any information about Genesis mining and bitcoins network. Its not really crashing its just that we need some patient it will go back up again for sure without any doubts. The bitcoin has a very good future a head these days. Looks like we cant really see the price reach to 1k$ in july halving is near to be happen and surely the best prediction for it is 800$+ above in this incoming halving time because as you can see bitcoins price go drop faster as we didnt notice suddenly a big minus for just 2days well lets not lose hope about it but surely it will bounce back all we need to do is believe in halving powers. |
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bitcoinisfurture
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June 22, 2016, 04:50:35 AM |
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Yes as expected before halving dip was on its way and it has started. Its now 100$ + dip in past couple of days and lets see if it more plunges before halving or gets stable.
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BitcoinSupremo
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June 22, 2016, 06:01:31 AM |
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The first thing I'll do is MOVE my coins from there. Better move it to your wallet, cause its not advisable to have all your coins in one exchange, they can go offline anytime, just like its happening to bitfinex . By the way the price crash I think has nothing to do with this exchange at all, I think its the Chinese who are dumping in order to make another pump toward halving and after halving. I am sure it can never be another Mt.Gox. |
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senyorito123
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June 22, 2016, 06:54:34 AM |
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The first thing I'll do is MOVE my coins from there. Better move it to your wallet, cause its not advisable to have all your coins in one exchange, they can go offline anytime, just like its happening to bitfinex . By the way the price crash I think has nothing to do with this exchange at all, I think its the Chinese who are dumping in order to make another pump toward halving and after halving. I am sure it can never be another Mt.Gox. Oh the downfall times still continues id better to convert my coins now to PESO so i will not get lose more profit for this downfall or anyone give advice their if this price drop will continue Or just manipulating tactics of bitcoin monopoly? But i think thats a big step down for the price and the other people in crypto related facebook groups are starting to convert their very long hodl coins. |
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