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Author Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading  (Read 723558 times)
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Crypto1982
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November 21, 2017, 12:33:41 PM
 #6641

did anyone had a successful bitfinex iota payout in the last 2 days?
my payout is processing for ~16h

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November 21, 2017, 07:36:04 PM
 #6642

did anyone had a successful bitfinex iota payout in the last 2 days?
my payout is processing for ~16h

Bfx lightwallet service is down again for further investigations
https://twitter.com/IOTASupport/status/932735769260765184
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November 21, 2017, 11:33:32 PM
 #6643

Well, Tether hacked..

Ente
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November 22, 2017, 07:26:21 AM
 #6644

Some bad news for bitfinex lately.
Do you think i should move my money away?
Whats the status on this situation.
Lending is amazing , i would hate to abandon it.

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November 22, 2017, 09:40:07 AM
 #6645

Some bad news for bitfinex lately.

The PR impact looks to be the most serious aspect at the moment. The bloggers and Twitter trolls have been ranting about this for a couple of years but after the hack, various publications are giving them coverage.

Whats the status on this situation.

https://www.coindesk.com/tether-claims-30-million-stable-token-stolen-attacker/
https://www.coindesk.com/blockchain-data-links-tether-attack-2015-exchange-hack/

If it is correct that they can prevent the stolen funds being used by updating the Omni Core software client then the problem is contained.

Do you think i should move my money away?
...
Lending is amazing , i would hate to abandon it.

That is a question only you can answer. For now, I'm reassured by the market reaction. There is no sign of panic selling. So when you get away from all the noise a few individuals are making the wider user base of the exchanges using USDT don't seem to be concerned.

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November 22, 2017, 10:26:51 AM
 #6646

https://www.reddit.com/r/BitcoinMarkets/comments/7ef1bo/daily_discussion_tuesday_november_21_2017/dq63pqt/

Form bfx_drew, who works at Bitfinex:

"Couple new things at Bitfinex:

1. Individual users can now access USD wires for deposits and withdrawals
2. Euro wires added for both corporate and individual accounts
3. First Euro trading pair, /t/BTC:EUR (https://www.bitfinex.com/t/BTC:EUR), now live."

Seems like they found a few banks for now, the EUR one seems to be a small bank in Poland.

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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November 22, 2017, 05:13:19 PM
 #6647

https://www.reddit.com/r/BitcoinMarkets/comments/7ef1bo/daily_discussion_tuesday_november_21_2017/dq63pqt/

Form bfx_drew, who works at Bitfinex:

"Couple new things at Bitfinex:

1. Individual users can now access USD wires for deposits and withdrawals
2. Euro wires added for both corporate and individual accounts
3. First Euro trading pair, /t/BTC:EUR (https://www.bitfinex.com/t/BTC:EUR), now live."

Seems like they found a few banks for now, the EUR one seems to be a small bank in Poland.

Are the EUR transfers done via SEPA? What fees do they charge?
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November 22, 2017, 07:13:24 PM
 #6648


Is everything fine with Bitfinex withdrawals right now?

I have Bitcoin Withdrawal with "Status  Processing" from Bitfinex Exchange Wallet unprocessed more than 36+ hours!

Support ticket sent but no answer yet.

Any suggestion?


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November 23, 2017, 07:49:40 AM
 #6649

Hello guys, can you explain me this situation? I have placed BTC/BCH stop order @ 0.1425 and was pretty sure it is safe price and it will not trigger, and on charts there is one moment in time when price was dragged down by 20% and i believe lots of stop orders was triggered...

What is this? Market has not reached 0.1425, it was just some single "event"....

Shouldn't platform protect traders from such kind of activity? As for my small trade of 2 BCH i lost 0.07 BTC ( at least) looking at the actual prices... Also there is no signs of price recovery or something like that, if all stop orders has been taken by some big order price should have at least some time to recover, but it happens just in a single moment... And what is more it has been triggered @ 0.1425 and sold for 0.14, and all of this in a single minute...

1 minute chart:


Thanks!
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November 23, 2017, 08:10:50 AM
 #6650


Is everything fine with Bitfinex withdrawals right now?

I have Bitcoin Withdrawal with "Status  Processing" from Bitfinex Exchange Wallet unprocessed more than 36+ hours!

Support ticket sent but no answer yet.

Any suggestion?

First of all, have you checked that your account meets the requirements for an immediate withdrawal? You can find the information on the link on the withdrawal page, but in short, it's things like if you changed 2fa or whitelisted addresses in the last 5 days.

If that's all OK then try and contact them on r/BitcoinMarkets or Twitter to speed up support looking at your ticket.


Hello guys, can you explain me this situation? I have placed BTC/BCH stop order @ 0.1425 and was pretty sure it is safe price and it will not trigger, and on charts there is one moment in time when price was dragged down by 20% and i believe lots of stop orders was triggered...

What is this? Market has not reached 0.1425, it was just some single "event"....

Shouldn't platform protect traders from such kind of activity? As for my small trade of 2 BCH i lost 0.07 BTC ( at least) looking at the actual prices... Also there is no signs of price recovery or something like that, if all stop orders has been taken by some big order price should have at least some time to recover, but it happens just in a single moment... And what is more it has been triggered @ 0.1425 and sold for 0.14, and all of this in a single minute...

1 minute chart:


Thanks!

Looking at the volume on that one minute bar it does look like a trader ran the stops with some heavy selling. Nothing you can do about that apart from putting it down to experience.
If you zoom out and look at the bigger picture you can see that they ran it down to the previous lows before buying it up. Your stop wasn't in a safe place and on a move like that you will always get some slippage with a stop market order.



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November 23, 2017, 08:19:28 AM
 #6651

Pure abuse of the platform and trading...
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November 23, 2017, 08:23:48 AM
 #6652

Hello guys, can you explain me this situation? I have placed BTC/BCH stop order @ 0.1425 and was pretty sure it is safe price and it will not trigger, and on charts there is one moment in time when price was dragged down by 20% and i believe lots of stop orders was triggered...

What is this? Market has not reached 0.1425, it was just some single "event"....

Shouldn't platform protect traders from such kind of activity? As for my small trade of 2 BCH i lost 0.07 BTC ( at least) looking at the actual prices... Also there is no signs of price recovery or something like that, if all stop orders has been taken by some big order price should have at least some time to recover, but it happens just in a single moment... And what is more it has been triggered @ 0.1425 and sold for 0.14, and all of this in a single minute...

1 minute chart:


Bitfinex is not the only exchange where you can see that

That can be severe orderbook manipulation on the exchange part, but other exchanges are doing it all the time, even the regulated ones as well as the ones which have nothing to do with Bitcoin and other crypto. I've seen this happen before, and the conventional view is that when a market becomes too thin (not enough liquidity in the market), some whales or exchange itself may use it to trigger stop-losses. Obviously, exchange knows about these stop-loss orders everything, so this is kind of expected

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November 23, 2017, 08:27:11 AM
 #6653

Pure abuse of the platform and trading...

That is just what trading is. It's a zero-sum game in which for someone to make money someone else must lose it. Those with the largest accounts have the advantage and the job of a small trader is to work out what they are doing and jump on their coattails. If I had been awake at that time and seen that happen I would have been jumping in long as that was the signal they were clearing out the weak hands and about to start another pump. You just had your stop exactly at the point they would target.

It has nothing to do with the platform, this thing happens again and again in the main fiat markets every day. As you become an experienced trader you can learn to use that to your advantage.

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November 23, 2017, 09:13:22 AM
 #6654


Is everything fine with Bitfinex withdrawals right now?

I have Bitcoin Withdrawal with "Status  Processing" from Bitfinex Exchange Wallet unprocessed more than 36+ hours!

Support ticket sent but no answer yet.

Any suggestion?


Take a look at this picture:


The Bitfinex cold wallet balance has decreased from roughly 160k BTC to roughly 130k BTC in a very short
time frame. I guess the withdrawal delays are probably related to this surge in withdrawals.

@TheQuin
The "conspiracy theories" have already made it into the NY Times:
https://www.nytimes.com/2017/11/21/technology/bitcoin-bitfinex-tether.html

Meanwhile the Tether transparency page has been down for more than 48 hours:
https://wallet.tether.to/transparency

On the other hand, Bitfinex finally has activated fiat deposits and withdrawals with a few caveats.
They may be banking under a different entity, which seems somehow related to cex.io, but nevertheless
this looks like a flicker of hope.



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November 23, 2017, 09:18:26 AM
 #6655

@TheQuin
The "conspiracy theories" have already made it into the NY Times:
https://www.nytimes.com/2017/11/21/technology/bitcoin-bitfinex-tether.html

As I pointed out yesterday.

The PR impact looks to be the most serious aspect at the moment. The bloggers and Twitter trolls have been ranting about this for a couple of years but after the hack, various publications are giving them coverage.

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November 23, 2017, 09:48:35 AM
 #6656

Some bad news for bitfinex lately.
Do you think i should move my money away?
Whats the status on this situation.
Lending is amazing , i would hate to abandon it.

The Tether hack seems to be a non-event because it's centralized (they can just fork to take back the hacker's coins).

And in response to all the fear/uncertainty, they unveil a BTCEUR market and functioning USD and EUR wires. I wouldn't say that Bitfinex is in great shape, but it's a big improvement.
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November 23, 2017, 10:15:14 AM
 #6657

Take a look at this picture:


The Bitfinex cold wallet balance has decreased from roughly 160k BTC to roughly 130k BTC in a very short
time frame. I guess the withdrawal delays are probably related to this surge in withdrawals

I guess I have a simple explanation

If you look a little bit back into history, you will easily see that the Bitfinex cold wallet balance has gone down to pretty much where it had been earlier this month. To me, it just means that many people first moved their coins to Bitfinex in the hope of receiving SegWit2x hard-fork coins (with the purpose of selling them immediately before they turn to ashes at the dawn). Now that the hard fork has been canceled, it may not make a lot of sense for all these people to keep their funds at Bitfinex any longer. So they obviously chose to withdraw the coins. The Tether controversy may have been the last straw, though

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November 23, 2017, 05:01:57 PM
 #6658

what bank are they using and what's their account name ?
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November 23, 2017, 05:19:47 PM
 #6659

what bank are they using and what's their account name ?
Just check for yourself in your account in Deposit/Withdraw.

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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November 24, 2017, 10:03:32 AM
 #6660

Hi, Bitfinex. I make deposit 07.11.17 in ZCash. 9,79 coins. In your system this deposit have number 4912230 . In blockchain deposit is OK and have 9568 confirmations at now moment. But in your system this deposit have 0 confirmations and you not credited me in my balance. I write your support and they answer me 14.07.17 "Wait, we marked your deposit for manually processing. How long need I wait and why? This is a disgrace, I'm waiting for the third week, I demand immediately to credit my money to me.
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