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BillyBobZorton
Legendary
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Activity: 1204
Merit: 1028
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April 17, 2017, 11:01:33 PM |
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Didn't bitfinex screw up last august and made the price crash badly? Then they came up with those ridiculous BFX tokens, and now this? Those guys should have closed business. I can't believe why people still trust their money with those guys.
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ownageplocks
Member
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Activity: 97
Merit: 10
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April 18, 2017, 12:05:16 AM |
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Bitfinex is doing nothing positive for bitcoin, it's actually caused a huge dump in the past. I'd be very wary of any big moves this exchange makes. Something tells me their hedging against some new dramatic twist. You can't say you haven't been warned if you lose money here. It used to be a very reputable site but that's changed. It's frustrating when this happens because it effects everyone.
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QuestionAuthority
Legendary
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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April 18, 2017, 12:42:42 AM |
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Hum, deja vu or should it be deja Gox.
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dihari
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April 18, 2017, 01:02:40 AM |
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Hum, deja vu or should it be deja Gox.
Lol Yes it's happen again. If a company doesn't give a good impact for others and just cause the noise, it should be shut down to keep positive influence.
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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April 18, 2017, 01:32:04 AM |
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Hum, deja vu or should it be deja Gox.
Lol Yes it's happen again. If a company doesn't give a good impact for others and just cause the noise, it should be shut down to keep positive influence. Bitcoiners are doomed to repeat the same mistakes over and over.
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Pai Mei
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Activity: 95
Merit: 10
www.DirectBet.eu/Competition
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April 18, 2017, 02:13:36 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?
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Zooplus
Legendary
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Activity: 1106
Merit: 1000
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April 18, 2017, 04:12:38 AM |
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One of the biggest exchanges but I think it will not cause panic like what happen in the past. There are a lot of exchanges nowadays that is why banks are getting more strict to implement their regulation as well.
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Emperor Magnus Caligula
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Tipsters Championship www.DirectBet.eu/Competition
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April 18, 2017, 04:21:26 AM |
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and no effect in price so far?
I guess most people still are unaware of this
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Sithara007
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Leading Crypto Sports Betting & Casino Platform
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April 18, 2017, 04:28:15 AM |
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Till now, the banks didn't had any issues with Bitfinex. So what is the issue now? I have a few questions.
1. Do Bitfinex have bank accounts outside Taiwan? If so, are these accounts blocked as well? 2. According to Bitlegal, the Taiwan government is supportive of Bitcoin. So did the banks acted on their own, or there were external players?
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Chevas Regal
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April 18, 2017, 04:33:48 AM |
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Sorry for going out of topic, but can anyone tell me where is chat/troll box on bitfinex? I am regular trader at poloniex.com , yesterday i made a deposit of 3.34 btc there for buying some altcoins, now when i try to withdraw 0.033 btc , then i am unable to do so, I wonder where i can chat with their representatives except tickets.
regards chevas
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Leonard2016
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April 18, 2017, 04:37:17 AM |
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do we have any statements from bitfinex themselves, like in their announcement or twitter or something because i never read bitcoin news sites specially cryptocoinnews.com, they are spreading bullshit half the time and the other half is just poor article writing with zero facts.
in any case i hope we won't witness another GOX. at least finex is not even half as big as GOX!
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Wind_FURY
Legendary
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Activity: 3066
Merit: 1917
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April 18, 2017, 04:42:48 AM |
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Didn't bitfinex screw up last august and made the price crash badly? Then they came up with those ridiculous BFX tokens, and now this? Those guys should have closed business. I can't believe why people still trust their money with those guys. The BFX tokens were all bought back by Bitfinex as its purpose of paying their users' stolen funds was achieved. They did a good job there in my opinion. This is a new issue and something that is not unexpected. Banks will start to question what the nature of business do "Bitcoin exchanges" do if pressured by the government. Hum, deja vu or should it be deja Gox.
the Goxing will happen as soon as fiat withdrawals are not allowed. This will cause a panic buy to Bitcoin and withdraw as soon as possible. If they can.
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Herbert2020
Legendary
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Activity: 1946
Merit: 1137
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April 18, 2017, 04:53:23 AM |
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Didn't bitfinex screw up last august and made the price crash badly? Then they came up with those ridiculous BFX tokens, and now this? Those guys should have closed business. I can't believe why people still trust their money with those guys. yes they were hacked, they came back and started working and issued these tokens and finally in April 3, 2017 they started paying their customers back https://www.bitfinex.com/posts/198 i don't have an account nor checked out the news to be able to verify how much they paid back but it was started. and this may be a naive thinking but it seems to me like the problem comes from their banks not themselves. i hope i am not wrong. - No U.S. banks are holding any customer funds.
- Funds are not frozen. Some payment channels are closed to us while new channels are being opened.
- Bitfinex is not insolvent. In fact, completing the BFX Token redemption process on April 3rd has paved the way for us to retain a major accounting firm to audit our balance sheet. We are in active discussions with several candidates and expect an announcement on this by the end of this month.
- To the best of our knowledge and belief, neither Bitfinex nor any of its principals are being investigated for any crime of any sort, anywhere.
- To the best of our knowledge and belief, no entity in the Bitfinex group is being singled out by correspondent banks. We understand that Bitfinex is a victim of correspondent bank de-risking, targeting money service businesses (MSBs) in general and “virtual currency” exchanges in particular.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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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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April 18, 2017, 04:57:59 AM |
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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.
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topesis
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April 18, 2017, 05:09:51 AM |
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I don't think it is fair to compare Bitfinex to Mgox, this is an exchange that just repaid $60 million, the loss it suffered from last year hack, this is what Mgox failed to manage very well. I believe the deposits issue will be resolved soon.
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Herbert2020
Legendary
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Activity: 1946
Merit: 1137
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April 18, 2017, 05:40:40 AM |
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just as an FYI: MtGox was like the only bitcoin exchange by 2012-2013. it was controlling about more than 75% of daily bitcoin trade volume. when it went to hell it was like all the bitcoin community taking a hit from this since everyone who traded was on there.
bitfinex has a large daily trade volume but on average it is only a small portion of the total daily trade volume. currently (Even with the increase in their trade volume because of panic buys and panic bitcoin withdrawal) they only have 9% of total daily volume. and that is while excluding about 85 million dollar volume from total which belongs to Chinese and Japanese and other exchanges with 0 fee.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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arransiv
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April 18, 2017, 05:58:37 AM |
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Well,no surprise there is another drama with a BTC exchange,at some point or another there will always be something happening with these exchanges,that's why people need to learn to store their BTC at least in an online wallet with all security available.It's convenient having your BTC on an exchange platform but you never know when it may be the last time you actually can operate with it
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SONG GEET
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April 18, 2017, 06:04:46 AM |
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Bitfinex doesn't have competent team behind and they always have some glitches and they are known to have lots of security holes. I still can't forget how they got hacked few months ago which lead to massive price crash. They must shut down their exchange and we must stay away from them.
I have already stopped using them after they got hacked.
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Pursuer
Legendary
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Activity: 1638
Merit: 1163
Where is my ring of blades...
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April 18, 2017, 06:19:15 AM |
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Bitfinex doesn't have competent team behind and they always have some glitches and they are known to have lots of security holes. I still can't forget how they got hacked few months ago which lead to massive price crash. They must shut down their exchange and we must stay away from them.
I have already stopped using them after they got hacked.
not sure if this is angry posting or if you have some facts in comparison to back this up. we all know that ALL cryptocurrency exchanges have many problems. the first of which is the risk of holding money in these places since they can run away and they are not regulated. also they all have server problems. there are no exchanges so far that doesn't go down with a simple surge of traffic for example when price is rising fast or falling fast. they all go down! server crash! and as for hacks, they happen. it is important to see if they were really hacked or if they run away afterwards. for instance btc-e has been hacked at least once (I think in 2014 or 13 but not sure about time) and they are still around and have paid their users in full. as long as there isn't a better alternative we are stuck with this type of exchange platforms and they are ALL the same.
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Only Bitcoin
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