pooya87
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April 20, 2017, 03:39:44 AM |
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I would not believe a post from a newbie. Give us more proof like screen shots of your declined withdrawal. If you really have Bitcoins trapped in Bitfinex it would be better to keep quiet about it until you get them out. That is what a real person with 48 BTC do. Crying out in the forum now will risk a panic. if you read his previous post, he said they paid him finally! although i still don't believe it as this was the only thing i have ever heard talking about problems with withdrawal of bitcoin and it is a brand new account. besides there can be a million reason for denying this particular and only transaction that we will never know.
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Pearls Before Swine
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April 20, 2017, 04:04:49 AM |
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If they were going Gox they probably would make easy to deposit but hard to withdraw
WTF are they doing?
I don't think that's their intention, but who knows. It looks more like they ran into a regulatory brick wall or something. Regardless of whether they can deal in fiat or not, they could still just be a bitcoin & altcoin exchange, though that would no doubt sink their profits. And I agree, withdrawals not being stuck is a good sign. And they haven't claimed to have been hacked, either.
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mikoko13001
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April 20, 2017, 05:58:54 AM |
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i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC) they decline my withdrawals each time !!!
Sounds like a GOX plan , bitfinex REP you are welcome!
did you contact them? I would not believe a post from a newbie. Give us more proof like screen shots of your declined withdrawal. If you really have Bitcoins trapped in Bitfinex it would be better to keep quiet about it until you get them out. That is what a real person with 48 BTC do. Crying out in the forum now will risk a panic. http://img4.hostingpics.net/pics/825496ded.jpg
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mayax (OP)
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April 20, 2017, 02:22:03 PM Last edit: April 20, 2017, 02:38:03 PM by mayax |
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as long Bitfinex won't have a financial license, all these shits will happen. in the mean time, ALL their fiat withdrawals are on hold.
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lite
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April 20, 2017, 03:34:38 PM |
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i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC) they decline my withdrawals each time !!!
Sounds like a GOX plan , bitfinex REP you are welcome!
did you contact them? I would not believe a post from a newbie. Give us more proof like screen shots of your declined withdrawal. If you really have Bitcoins trapped in Bitfinex it would be better to keep quiet about it until you get them out. That is what a real person with 48 BTC do. Crying out in the forum now will risk a panic. Damn, why did you keep so much coins on bitfinex? did you contact support before posting it here? i only have few dollars there, will convert to btc and wd asap and say good bye to finex forever!
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mindrust
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April 20, 2017, 03:35:44 PM |
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Bitfinex is leading the prices right now and it is nearly 1300$ at the moment. This definitely smells like GOX to me. There are many sell walls on btc-e and bitstamp but they have to follow the leading price. Considering that finex having many problems lately, I have to warn you guys. You might wanna keep some FIAT around nowadays.
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South Park
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April 20, 2017, 05:58:21 PM |
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Don't make another Mt.Gox from something it s not Mt.Gox, yet!
Give them a bit time to resolve this, getting back after that big hack was not an easy thing to do. More panic and false accusations do not benefit them, us or the industry.
One thing bitcoin users are short is patience and when we take into account all the bad things that have happened on the past giving the benefit of the doubt it is difficult for most users, this could crash the price of bitcoin and no one wants that.
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easynote
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April 20, 2017, 06:11:23 PM |
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I am waiting for that flash dump via Bitfinex so I could get some cheap coins.
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Wind_FURY
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April 21, 2017, 02:58:30 AM |
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I am waiting for that flash dump via Bitfinex so I could get some cheap coins.
Then you are taking the risk of being Goxxed. I remember a time there were Wall Street traders who were willing to buy the Gox coins for more than a 50% discount. I do not know what happened to them now or if they made a good deal or not.
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pooya87
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April 21, 2017, 03:29:58 AM |
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Bitfinex is leading the prices right now and it is nearly 1300$ at the moment. This definitely smells like GOX to me. There are many sell walls on btc-e and bitstamp but they have to follow the leading price.
Considering that finex having many problems lately, I have to warn you guys. You might wanna keep some FIAT around nowadays.
[i m g]https://i.imgur.com/iMme9m1.png[/img]
having higher price doesn't automatically mean being GOX and wanting to run away, that is a small possibility among lots of other possibilities. one of which is the fact that people are panicked (like always) and they are making irrational decisions by buying bitcoin on bitfinex on a buying frenzy. also it seems like everyone has forgotten that before the big FUD started about split price was already at $1230-$1250 and we were all speculating the timing of $1300 and now that FUD is fading away we are rising. and that is another possibility that you forgot about.
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Wind_FURY
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April 21, 2017, 03:57:59 AM |
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They know they will make a good sum in the future. According to the article they hedge funds are paying the claimants 15% of the real value. The article also mentioned this When the claims were lodged in 2014, the Mt. Gox trustees calculated their value using an exchange rate of just under $450 per bitcoin. So that is 15% of the real value at a price of $450 per Bitcoin? That is a very bad deal for the claimants.
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freedomno1
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Learning the troll avoidance button :)
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April 21, 2017, 08:22:16 AM |
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Well I presume they will need to find another banking provider and that means a liquidity exchange crisis. Sigh with the many exchanges that we have now issues with one or another minimize the impact but its still a growing pain. Where it really bites is the people on vacation who come back and see they have withdrawal lock issues online storage is always going to have a risk attached to it.
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Believing in Bitcoins and it's ability to change the world
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bitart
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April 23, 2017, 11:42:25 AM |
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They know they will make a good sum in the future. According to the article they hedge funds are paying the claimants 15% of the real value. The article also mentioned this When the claims were lodged in 2014, the Mt. Gox trustees calculated their value using an exchange rate of just under $450 per bitcoin. So that is 15% of the real value at a price of $450 per Bitcoin? That is a very bad deal for the claimants. Factoring companies usually buy receivables using huge discounts, especially in the case of bad depths. 15% can be a bit lower than average value for calculation, but this is not everyday business, it's risky. Bitcoin price is now nearly 3 times higher, but they cannot calculate the price rise, because of it's volatility. They take the risk and they offer a price that worths for them. They don't really care about the claimants.
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1Referee
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April 23, 2017, 12:03:09 PM |
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Well I presume they will need to find another banking provider and that means a liquidity exchange crisis.
Easier said than done. It's not for nothing that banks and various financial services have cut ties with these exchanges. Mainly because of the fact that these exchanges aren't operating and registering their activities properly, and thus directly fit in a category of services to avoid. In that regard, think it will take a while before they find a solution to this. Where it really bites is the people on vacation who come back and see they have withdrawal lock issues online storage is always going to have a risk attached to it.
It's not that people go on vacation and completely forget about Bitcoin for a while. Everything can be done and followed through the internet in current times. If they want to move away from Bitfinex, people can just convert all their fiat to BTC, and cash out these coins to another exchange. If they for a while don't want to deal with exchanges anymore, then they can even *temporarily* make use of a reputable online wallet service to store their coins till they are home. Or they must have a laptop with them that will allow them to directly store their coins there. Plenty of options.
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mayax (OP)
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April 23, 2017, 09:42:48 PM |
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it's hard to find a bank who can accept an unlicensed exchanger but even so, the correspondent banks is from USA. Once a company is "banned" to use USD, nothing can't be made. The bank that the company is using,it can't do anything because the wires will be stopped before them
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stompix
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Blackjack.fun
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April 23, 2017, 09:45:48 PM |
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I am waiting for that flash dump via Bitfinex so I could get some cheap coins.
Then you are taking the risk of being Goxxed. I remember a time there were Wall Street traders who were willing to buy the Gox coins for more than a 50% discount. I do not know what happened to them now or if they made a good deal or not. Check the wall observer thread. There were a few guys bent on sending money and I'm pretty sure at least two of them we're laughing how they would make 4 digits profit from that move with all the "panicking". It ended pretty bad. Actually it ended the worst way possible. Bitfinex is leading the prices right now and it is nearly 1300$ at the moment. This definitely smells like GOX to me. There are many sell walls on btc-e and bitstamp but they have to follow the leading price.
Considering that finex having many problems lately, I have to warn you guys. You might wanna keep some FIAT around nowadays.
4 days later: Bitfinex 1351
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Harry Callahan
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April 23, 2017, 11:06:38 PM |
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it's hard to find a bank who can accept an unlicensed exchanger but even so, the correspondent banks is from USA. Once a company is "banned" to use USD, nothing can't be made. The bank that the company is using,it can't do anything because the wires will be stopped before them The speculation mills are running wild regariding this one and the only hurdle they are facing is that the banking providers were refusing incoming wire transfers and so they have to find an alternative service that would solve the issue and they will resume the practice as usual ,since bitfinex is a really huge exchange with huge volumes i hope it will be back to normal soon.
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richardsNY
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April 23, 2017, 11:19:32 PM |
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it's hard to find a bank who can accept an unlicensed exchanger but even so, the correspondent banks is from USA. Once a company is "banned" to use USD, nothing can't be made. The bank that the company is using,it can't do anything because the wires will be stopped before them The speculation mills are running wild regariding this one and the only hurdle they are facing is that the banking providers were refusing incoming wire transfers and so they have to find an alternative service that would solve the issue and they will resume the practice as usual ,since bitfinex is a really huge exchange with huge volumes i hope it will be back to normal soon. With Bitfinex things aren't going to be normal. Look at all the exchanges that are affected by the same type of problem, and then look at the difference in al the rates from these exchanges. Bitfinex price is bumped up badly because those that are willing to pay the premium don't trust that exchange anymore, and left as result. All other affected exchanges are just trading as they have always done -- no artificial increase nothing.
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Wind_FURY
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April 24, 2017, 02:20:27 AM |
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I am waiting for that flash dump via Bitfinex so I could get some cheap coins.
Then you are taking the risk of being Goxxed. I remember a time there were Wall Street traders who were willing to buy the Gox coins for more than a 50% discount. I do not know what happened to them now or if they made a good deal or not. Check the wall observer thread. There were a few guys bent on sending money and I'm pretty sure at least two of them we're laughing how they would make 4 digits profit from that move with all the "panicking". It ended pretty bad. Actually it ended the worst way possible. Bitfinex is leading the prices right now and it is nearly 1300$ at the moment. This definitely smells like GOX to me. There are many sell walls on btc-e and bitstamp but they have to follow the leading price.
Considering that finex having many problems lately, I have to warn you guys. You might wanna keep some FIAT around nowadays.
4 days later: Bitfinex 1351 What do you mean? That all that is going on with Bitfinex is completely like what went on with MtGox? I believe not yet. There was a massive buying that catapulted the price of Bitcoin from a few hundred to over $1000. I hope we see it happen again.
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