BTC price is crashing

[mayax]

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Bitfinex's clients cannot withdrawn, cannot make anything now while the price is crashing.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.

[lucsky]

What makes me curious is that if you ask the support of Bitfinex, they always inform that: "within 10 minutes the service will return to normal activities"!

[joe50]

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Bitfinex's clients cannot withdrawn, cannot make anything now while the price is crashing.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.

what is Bitfinex? is it another ponzi, Hyip or another cloud mining scam? Never held of it.

[youhgt2]

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Bitfinex's clients cannot withdrawn, cannot make anything now while the price is crashing.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.

next time don't use their service. but every time an exchange have a "strange" issue is a bad news for all btc environment

[BTCBinary]

Geez, the price has crashed enormously, and now these guys are down and we can´t deal with our coins. I just hope that this is just a simple maintenance and nothing more.

[mayax]

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Bitfinex's clients cannot withdrawn, cannot make anything now while the price is crashing.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.

what is Bitfinex? is it another ponzi, Hyip or another cloud mining scam? Never held of it.

it's a so called exchanger and everytime the price is going down more than 8-10 %, Bitfinex is "experiencing issues throughout datacenter "

More than that, they are manipulating the market and now, all their clients are locked outside of their accounts. all their clients lost ALOT because the BTC price is -10% since few hours ago because they cannot sell, they cannot do anything.

Bitfinex is earning a fortune now while their clients are losing the same. It's a pure FRAUD

[macartem]

price BTC with 770$ to 680$ 

[mixan]

price BTC with 770$ to 680$ 

A crash of an exchange's data center can do all this 
How can the price of bitcoin be so easily manipulated like this by giving the power to them holding others bitcoins is beyond me 

[andrealandia]

So probably the problem of bitfinex is the cause of btc price crashing? 

[mayax]

So probably the problem of bitfinex is the cause of btc price crashing?  

there is no problem with Bitfinex. Their datacenter is working good. Bitfinex owners is doing that intentionally in order to earn a LOT of money from their clients. They are doing this every year !

Bitfinex doesn't need to run like rats with all their clients money as MT Gox did it. They make this scheme(experiencing issues throughout datacenter) every year and they have full bags of money instantly.

You will see that once BTC is stable around 650 USD, Bitfinex website will be online.

[franky1]

price BTC with 770$ to 680$  

A crash of an exchange's data center can do all this  
How can the price of bitcoin be so easily manipulated like this by giving the power to them holding others bitcoins is beyond me  

looking at the charts it was indeed bitfinex going offline that made other exchanges follow like blind sheep to panic.(other exchanges price drops reacted after not before)
however places like bitstamp, okcoin waited it out for a couple hours until bitfinex published a price drop(1am uk time) before going offline again.. then bitstamp okcoin sheep followed down

you may think that 15million coins are "inplay" at any one time. but the truth is more scarier. the total is less than 200,000 coins held on exchanges. of which based on volumes traded only 2k-8k are moved in any 15minute segment per exchange.

this means that if bitfinex cannot trade the 8k coins in this 15 minutes. other exchanges notice the price changes and they change habits. EG coinbase reacted at 11pm uk time.. which then emphasizes the need for other exchanges to change tact too because now 2 exchanges have dropped in price. then its 3, then its 4 and so on.(snowball effect)

so although there are 15mill+coins in circulation, there are only a couple hundred K in exchanges and only 2-10k "inplay" at any time.

[ebliever]

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?

[alyssa85]

I think BTC-E was being DDoSed at the same time finex was down - so co-ordinated actions against the exchanges.

[Nouelle-Hunter]

Theres nothing to worry  I think  it will not take so long  just keep on waiting I know something good will happen soon.

[franky1]

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

[GregH37]

Something bad always happen when bitcoin price raising
I hope this won't be second Mt Gox in our history.

It won't. I feel this is just a casual bitcoin price decrease which was really expected.
of course it is happening because of bitfinex which is still down. but I believe that it will up so soon. and bitcoin price will become stable again.

we should prefer our self for everything and be ready for these small ups and downs.
I hope we won't go back to 400$ again.

[md1120]

if its goes down into my target price... I will buy a btc

[ashkanb]

-snip-
I hope this won't be second Mt Gox in our history.

i was thinking the same the same thing!
and the fact that one exchange's outage can Still have such a profound effect on the bitcoin ecosystem, imo, means btc still needs to grow a lot!!!
but i guess being so pessimistic about whats up with bitfinex is just being so pessimistic!

[dE_logics]

The first thing I'll do is MOVE my coins from there.

[donald555]

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.