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Author Topic: bitfinex back on track leading the market.  (Read 3329 times)
randy8777
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September 11, 2016, 01:11:30 PM
 #41

it's weird, but somehow bitfinex is gaining back trust in the market as once again it started initiating a pump where china followed with a massive green candle. take a look at the charts and you will know what i am talking about.

It was probably always likely to happen but I must stress to people, even more so than last time, please do not leave lots of coins on there. Only leave what you plan to sell on their exchange & even then I'd do it in smaller amounts multiple times.

people are too lazy to withdraw their coins from exchanges. they want to be able to sell as soon as they see that the price is going down or peaking. that's their reason of why they think it's "better" to leave their coins there. these people are seriously not learning from all the "hacked" exchanges that we have seen.
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September 11, 2016, 03:49:27 PM
 #42

it's weird, but somehow bitfinex is gaining back trust in the market as once again it started initiating a pump where china followed with a massive green candle. take a look at the charts and you will know what i am talking about.

It was probably always likely to happen but I must stress to people, even more so than last time, please do not leave lots of coins on there. Only leave what you plan to sell on their exchange & even then I'd do it in smaller amounts multiple times.

people are too lazy to withdraw their coins from exchanges. they want to be able to sell as soon as they see that the price is going down or peaking. that's their reason of why they think it's "better" to leave their coins there. these people are seriously not learning from all the "hacked" exchanges that we have seen.

sometimes it is not possible to withdraw every time you close the exchange window. sometimes you want to open an order and leave it open so it gets filled with your desired price not the current price so you take a position and you hve to have some coins on the exchanger live and open in an order.

nothing to see here...
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September 12, 2016, 06:58:54 AM
 #43

yes this is really strange, it is unlikely people will believe and put a lot of money in it after the hack, it is very difficult to get a second trust. because they are concerned, also see another case like mtgox never come back again.
that is a tremendous achievement i think. it really gain the confidence of the people back in no time. i think the credit goes to the people who really put their assets again in bifinex it really very good and in favour of the bitfinex exchange.
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September 12, 2016, 08:02:13 AM
 #44

yes this is really strange, it is unlikely people will believe and put a lot of money in it after the hack, it is very difficult to get a second trust. because they are concerned, also see another case like mtgox never come back again.
that is a tremendous achievement i think. it really gain the confidence of the people back in no time. i think the credit goes to the people who really put their assets again in bifinex it really very good and in favour of the bitfinex exchange.

I am not sure if bitfinex had to do anything to get the trust back. They simply did not get completely bankrupt and could keep their business alive.
So there can still be money made, and that is the thing that draws the people back to it. Regardless of what has happened.
Maybe bitfinex has improved their security and is now the safest exchange out there, that I do not know.
If that would be the case, people would not be wrong to work with bitfinex again.

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September 12, 2016, 08:08:59 AM
 #45

It is good that they have been able to get back on track and get back to where they were, although I would think they would have lost a lot of traders due to this and it will take a serious effort to gain those users back.

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September 12, 2016, 08:09:20 AM
 #46

it's weird, but somehow bitfinex is gaining back trust in the market as once again it started initiating a pump where china followed with a massive green candle. take a look at the charts and you will know what i am talking about.

It was probably always likely to happen but I must stress to people, even more so than last time, please do not leave lots of coins on there. Only leave what you plan to sell on their exchange & even then I'd do it in smaller amounts multiple times.

people are too lazy to withdraw their coins from exchanges. they want to be able to sell as soon as they see that the price is going down or peaking. that's their reason of why they think it's "better" to leave their coins there. these people are seriously not learning from all the "hacked" exchanges that we have seen.

sometimes it is not possible to withdraw every time you close the exchange window. sometimes you want to open an order and leave it open so it gets filled with your desired price not the current price so you take a position and you hve to have some coins on the exchanger live and open in an order.

I think that's not really the issue. If you are trading (having open orders is part of that), then you don't have to withdraw your coins. But if you are doing nothing, and just leave your coins there as some sort of online storage, then the coins should be immediately withdrawn.

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September 14, 2016, 11:03:15 AM
 #47

It is good that they have been able to get back on track and get back to where they were, although I would think they would have lost a lot of traders due to this and it will take a serious effort to gain those users back.
Yes actually it is still quite suprising to see bitfinex leading the price rather than other exchangers even after they lost so many traders or they get trust of their traders back?  Huh
I have heard they are quite known in manipulating trading volume internally, may be this is also one sign of that.

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September 15, 2016, 07:44:40 AM
 #48

They probably got some investors to generate some trading volume on their platform, just to attract more people... I sincerely hope they get back on their feet stronger than before... keeping my fingers crossed.
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September 15, 2016, 07:46:49 AM
 #49


I noticed yesterday their volumes we much higher than kraken/stamp, its the first time i've seen such a gap.  Looks like all they need to do now is clear the BFX debt and then people will trust them more probably.


     
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HarryKPeters
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September 19, 2016, 08:59:06 PM
 #50

They probably got some investors to generate some trading volume on their platform, just to attract more people... I sincerely hope they get back on their feet stronger than before... keeping my fingers crossed.

I do think they got hired wealthy traders to give the volume a boost but in the end they have proven to be not very carefull with customers funds which is why I think they will not get back to their old level. Especially since all of their customers lost money.

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September 19, 2016, 09:01:50 PM
 #51

They probably got some investors to generate some trading volume on their platform, just to attract more people... I sincerely hope they get back on their feet stronger than before... keeping my fingers crossed.

I do think they got hired wealthy traders to give the volume a boost but in the end they have proven to be not very carefull with customers funds which is why I think they will not get back to their old level. Especially since all of their customers lost money.
Since all of their customers lost money with them when the hack occurred they should reimburse them if they want to gain back the trust they lost.
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September 19, 2016, 11:05:08 PM
 #52


I noticed yesterday their volumes we much higher than kraken/stamp, its the first time i've seen such a gap.  Looks like all they need to do now is clear the BFX debt and then people will trust them more probably.

People won't trust them more. I am quite sure that a lot people there are waiting for the moment they get their money back, so they can leave that exchange for ever. And at this point I am not even sure people will see their money back. One thing is sure, this exchange doesn't deserve a second chance because of the way they are "handling" this situation.

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September 20, 2016, 01:55:32 AM
 #53

bitfine back on the track and leading again the market pair bitcoin USD
because bitfiex trusted , attack hack
but capital money member is save not lost still save
so member can trusted still trading in bitfinex
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September 20, 2016, 05:31:25 AM
 #54

it's weird, but somehow bitfinex is gaining back trust in the market as once again it started initiating a pump where china followed with a massive green candle. take a look at the charts and you will know what i am talking about.

Even ten days later after making this thread there are still no lawsuits against the founders of Bitfinex which really surprises me. I have been waiting for some regulator in Hongkong to at least start questioning Bitfinex's business practices. At first they socialized their loss and made their customers pay for that loss by reducing their balances a certain percentage. Next was they issued tokens to their customers which is a highly questionable move.



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September 20, 2016, 06:19:32 AM
 #55

Even if they got back on track I don't believe they're gonna enjoy the same market share they did before the hack. What's damaged is damaged forever in this business.

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September 20, 2016, 08:28:14 PM
 #56

It will be hard to gain trust, who ever got burned and lost on this token trade will leave bitfinex for sure

At least I hope they learned their lessons about security and bitcoin storage, this is the crucial problem, how they solved it and will it last or we gona see some future insane hack, mtgox did huge damage to bitcoin and not only them but also to big number of users which now are not investing like they were planing

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September 23, 2016, 06:33:08 PM
 #57

yes shocking news hard to believe, it is really a remarkable job by the bitfinex, but credit goes to the users of bitcoins and the investors who are still  believing on bitfinex.
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September 23, 2016, 06:35:24 PM
 #58

yes shocking news hard to believe, it is really a remarkable job by the bitfinex, but credit goes to the users of bitcoins and the investors who are still  believing on bitfinex.

People like familiarity, I don't see a problem with using bfx for trading but leaving coins on there is stupid if you're not trading regularly.
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September 23, 2016, 06:42:09 PM
 #59

yes shocking news hard to believe, it is really a remarkable job by the bitfinex, but credit goes to the users of bitcoins and the investors who are still  believing on bitfinex.

People like familiarity, I don't see a problem with using bfx for trading but leaving coins on there is stupid if you're not trading regularly.
Well yeah your right better to be still safe dont live a huge amount of money inside of that site because anytime ihack can be still happen.. we will see more good news in few months about bitfinex..

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September 23, 2016, 06:42:50 PM
 #60

probably its just bitfinex trading their own money
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