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Author Topic: I don't get any BCH in bitfinex  (Read 336 times)
pornluver (OP)
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August 02, 2017, 04:42:01 AM
Last edit: August 02, 2017, 05:21:05 AM by pornluver
 #1

Polo doesn't promise bch. So I moved bitcoin to bitfinex. Then I realized that bitfinex doesn't give full 1 bch for 1 btc.

And my money is stuck in lending. I told them that they need to stop withdrawing. Otherwise people would lend btc and put it on bittrex.

So I put more bitcoin and etherum. I short btc and long ethereum with btc.

Well, bitfinex say I am manipulating the market. If I can I would short all my btc at bitfinex. The only reason why I don't do that is because some btc stuck at lending.

I don't get any bch at all.

How the hell I am manipulating? Polo doesn't say it will give bch so I moved to bitfinex and when I realized they don't pay full I did what I can while minimizing the transfers. What the hell is wrong with that?


So some of my btc is in lending .8. The rest are hedged balance in longing etherium and shorting btc. I don't get bch at all.

Quote
The Resolution
Upon careful review and analysis, we have decided to disallow any hedged BTC balances in excess of any such hedged balances that may have existed at the time of the July 27th distribution announcement. While this may be disappointing to some, it is welcome news to the many users with bona fide BTC exposure through settled wallet balances. This adjustment increases the distribution coefficient from 0.7757 to 0.8539.
We do not take this action lightly. The inadequate timelines imposed upon Bitfinex forced swift action when addressing and remediating this situation. Our purpose has been to distribute all BCH to our users in the fairest way possible. Given the aforementioned restrictions, with our corrective actions, we believe that we have made good on that promise.


pornluver (OP)
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August 02, 2017, 09:16:33 AM
 #2

Polo doesn't promise bch. So I moved bitcoin to bitfinex. Then I realized that bitfinex doesn't give full 1 bch for 1 btc.

And my money is stuck in lending. I told them that they need to stop withdrawing. Otherwise people would lend btc and put it on bittrex.

So I put more bitcoin and etherum. I short btc and long ethereum with btc.

Well, bitfinex say I am manipulating the market. If I can I would short all my btc at bitfinex. The only reason why I don't do that is because some btc stuck at lending.

I don't get any bch at all.

How the hell I am manipulating? Polo doesn't say it will give bch so I moved to bitfinex and when I realized they don't pay full I did what I can while minimizing the transfers. What the hell is wrong with that?


So some of my btc is in lending .8. The rest are hedged balance in longing etherium and shorting btc. I don't get bch at all.

Quote
The Resolution
Upon careful review and analysis, we have decided to disallow any hedged BTC balances in excess of any such hedged balances that may have existed at the time of the July 27th distribution announcement. While this may be disappointing to some, it is welcome news to the many users with bona fide BTC exposure through settled wallet balances. This adjustment increases the distribution coefficient from 0.7757 to 0.8539.
We do not take this action lightly. The inadequate timelines imposed upon Bitfinex forced swift action when addressing and remediating this situation. Our purpose has been to distribute all BCH to our users in the fairest way possible. Given the aforementioned restrictions, with our corrective actions, we believe that we have made good on that promise.




I found about it after I send money to bitfinex and after my money is trapped in lending wallet. Now I don't get both. I don't get btc balances that I use as collateral in shorting and I do not get btc balance that I use in lending. I get 0 bch because they keep changing the rule.

Yes I am aware with the fact that bitfinex rule of not charging bch to bitcoin shorter is not fair. But I am not the one making the rule. I am not even trying to take advantage of it. I just send to bitfinex because I fear polo is not paying bch. Then my money is stuck at lending.
pornluver (OP)
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August 02, 2017, 12:12:34 PM
 #3

Polo doesn't promise bch. So I moved bitcoin to bitfinex. Then I realized that bitfinex doesn't give full 1 bch for 1 btc.

And my money is stuck in lending. I told them that they need to stop withdrawing. Otherwise people would lend btc and put it on bittrex.

So I put more bitcoin and etherum. I short btc and long ethereum with btc.

Well, bitfinex say I am manipulating the market. If I can I would short all my btc at bitfinex. The only reason why I don't do that is because some btc stuck at lending.

I don't get any bch at all.

How the hell I am manipulating? Polo doesn't say it will give bch so I moved to bitfinex and when I realized they don't pay full I did what I can while minimizing the transfers. What the hell is wrong with that?


So some of my btc is in lending .8. The rest are hedged balance in longing etherium and shorting btc. I don't get bch at all.

Quote
The Resolution
Upon careful review and analysis, we have decided to disallow any hedged BTC balances in excess of any such hedged balances that may have existed at the time of the July 27th distribution announcement. While this may be disappointing to some, it is welcome news to the many users with bona fide BTC exposure through settled wallet balances. This adjustment increases the distribution coefficient from 0.7757 to 0.8539.
We do not take this action lightly. The inadequate timelines imposed upon Bitfinex forced swift action when addressing and remediating this situation. Our purpose has been to distribute all BCH to our users in the fairest way possible. Given the aforementioned restrictions, with our corrective actions, we believe that we have made good on that promise.




I found about it after I send money to bitfinex and after my money is trapped in lending wallet. Now I don't get both. I don't get btc balances that I use as collateral in shorting and I do not get btc balance that I use in lending. I get 0 bch because they keep changing the rule.

Yes I am aware with the fact that bitfinex rule of not charging bch to bitcoin shorter is not fair. But I am not the one making the rule. I am not even trying to take advantage of it. I just send to bitfinex because I fear polo is not paying bch. Then my money is stuck at lending.

I send this to bitfinex. I understand they try to be fair and they can't send more than what they have. I am just complaining.

I believe I have .65 BTC in funding that I never use for shorting BTC. The reason I do not use it for shorting BTC is because I can't do that. My money is stuck at funding.

If I could I would have use it to short BTC. I would have made a little gain doing so. But I couldn't and you said you would give BCH for money in funding which is why I fund the account..

I understand you do not give me 3 full BCH. I think you should have disabled shorting if you don't do that. But you don't even give me .65 that's clearly in funding and not used for shorting.

I moved money to you because I want to get BCH and that's it. It's because of your strange rules I decided to short instead. That's because otherwise I won't get full BCH and I am not compensated in anyway for not getting full BCH.

0.59806020
2 Days
0.3647
31-07-17 04:09:53
02-08-17 04:10:35
36591217
BTC
0.06393545
2 Days
0.3647
31-07-17 04:09:59
01-08-17 21:22:34

So what do you say about this?
doolu
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August 02, 2017, 10:55:10 PM
 #4

I don't get any BCH either. I had 75% of my assets in my funding account and 25% of my assets in margin shorting BTC that worth of 75% of my assets. I thought about to move BTC to Kraken but worried about if they don't open BTC deposit/withdraw soon and I can't move BTC back soon after BCH forking, I'll pay more interests for shorting in Bitfinex. And I trusted Bitfinex which I shouldn't.
I understand how I'm trying to get profit from it but I followed rules and that's how people play games. Bitfinex is the one who is nasty by changing the rules after the result of the game came out.
I learnt the lesson from this and will keep it in mind in the future.
pornluver (OP)
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August 03, 2017, 04:11:48 AM
 #5

I don't get any BCH either. I had 75% of my assets in my funding account and 25% of my assets in margin shorting BTC that worth of 75% of my assets. I thought about to move BTC to Kraken but worried about if they don't open BTC deposit/withdraw soon and I can't move BTC back soon after BCH forking, I'll pay more interests for shorting in Bitfinex. And I trusted Bitfinex which I shouldn't.
I understand how I'm trying to get profit from it but I followed rules and that's how people play games. Bitfinex is the one who is nasty by changing the rules after the result of the game came out.
I learnt the lesson from this and will keep it in mind in the future.

So I didn't get any BCH. Not in polo not in bitfinex.

I can't withdraw money from bitfinex because my money is stuck at funding. Bitfinex doesn't block short trading during the whole period. If I keep my money at funding it is possible that a lot of people keep shorting and and I got only half. Now I got none.

It's funny how they call it manipulating and against their TOS. If they do not want people to keep shorting they simply need to halt margin trading. They did it for bch right now.
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