gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
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October 28, 2018, 11:17:20 PM |
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Maybe Tether's business model is to cause its own FUD? They know perfectly well it's fine. They also know perfectly well how moronic and easily led most people are. All you got to do is drop some scares, buy USDT cheap and then let the doom run its course until it's back to parity again. Someone could've made 15% for nothing over this.
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FractalUniverse
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November 16, 2018, 07:18:27 PM |
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eosfinex beta is scheduled for launch within 2 weeks? thats soo exciting
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Bonez0r
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November 19, 2018, 06:22:46 PM Last edit: November 20, 2018, 11:09:06 AM by Bonez0r |
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Tried to withdraw fiat (express withdrawal), still nothing received after a month. After some mailing back and forth, i managed to cancel the withdrawal. So instead i'm now trying to withdraw the money in usdt. Withdrawal initiated more than 2 hours ago and still 'processing'. I know it can theoretically take up to 12 hours, but i'm fed up with this exchange now. I've been customer for years but i'm now withdrawing everything i can out of there. Their dev team is excellent, but the business side and everything related to banking and withdrawals is atrocious. If they ever turn into a reliable exchange, i might return. Until then i'll watch from the sidelines.
Separate issue: The amount sent in the withdrawal is mysteriously 18 usd less than it should be. It's not the withdrawal fee, because that's 20 usd and i also disabled 'take fee from amount', so the amount on the receiving end should be what i enter in the withdrawal form, but it's 18 usd less. Does anyone recognize this issue or knows what's going on?
edit: withdrawal complete now.
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gentlemand
Legendary
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Activity: 2590
Merit: 3014
Welt Am Draht
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November 19, 2018, 07:08:28 PM |
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Their dev team is excellent, but the business side and everything related to banking and withdrawals is atrocious. If they ever turn into a reliable exchange, i might return. Until then i'll watch from the sidelines.
The banking is totally out of their hands and always will be unless they buy their own bank, which'll be instantly shunned. If I were them I would've become crypto only a long time back. Still a ton of money to be made and vastly less head aches too. It's fiat that causes all the problems.
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squatter
Legendary
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Activity: 1666
Merit: 1196
STOP SNITCHIN'
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November 19, 2018, 09:05:14 PM |
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Their dev team is excellent, but the business side and everything related to banking and withdrawals is atrocious. If they ever turn into a reliable exchange, i might return. Until then i'll watch from the sidelines.
The banking is totally out of their hands and always will be unless they buy their own bank, which'll be instantly shunned. If I were them I would've become crypto only a long time back. Still a ton of money to be made and vastly less head aches too. It's fiat that causes all the problems. That's not entirely true, given that Shapeshift and IDEX are now enforcing KYC, and 1Broker and EtherDelta got charged by the US government. Going altcoin-only might have killed their market share too. It's hard to compare to altcoin exchanges like Binance because those exchanges all piggybacked on USDT liquidity. Bitfinex never really had that opportunity -- they're the bank. Without fiat and USDT markets, I think Bitfinex and exchanges like Binance and Bittrex would be much less liquid and much less profitable.
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Bonez0r
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November 20, 2018, 11:11:43 AM |
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Their dev team is excellent, but the business side and everything related to banking and withdrawals is atrocious. If they ever turn into a reliable exchange, i might return. Until then i'll watch from the sidelines.
The banking is totally out of their hands and always will be unless they buy their own bank, which'll be instantly shunned. I mean compared to other exchanges. I use Kraken as well and i've never had any fiat withdrawal problems there. The other thing that bugs me is that they don't even admit to having problems. They tweet about having processed billions worth of withdrawals in October, yet they can't process mine and those of other people i've read complaints from?
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gentlemand
Legendary
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Activity: 2590
Merit: 3014
Welt Am Draht
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November 20, 2018, 04:31:48 PM |
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I mean compared to other exchanges. I use Kraken as well and i've never had any fiat withdrawal problems there.
The other thing that bugs me is that they don't even admit to having problems. They tweet about having processed billions worth of withdrawals in October, yet they can't process mine and those of other people i've read complaints from?
Kraken's had their fair share of problems too, primarily with USD. Their EUR banking relationship has always been rock solid as far as I can tell. Bitfinex themselves have said they bank like criminals, opening shell accounts and keeping banks in the dark. That's not going to be conducive to smooth sailing. And of course they had no banking for months a while back. I wouldn't ever bother with them for attempting to obtain fiat. There are better options and always have been.
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mayax
Legendary
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Activity: 1470
Merit: 1004
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December 07, 2018, 09:06:07 AM |
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Bitfinex has always been a shit exchanger. No licenses, no real office, they always hide.
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European Central Bank
Legendary
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Activity: 1288
Merit: 1087
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December 07, 2018, 08:21:05 PM |
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Bitfinex has always been a shit exchanger. No licenses, no real office, they always hide.
were you molested by an exchange as a kid? you seem to spread hate about every single one out there. some of it's valid but there are still better things to do with your time.
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mayax
Legendary
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Activity: 1470
Merit: 1004
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December 08, 2018, 03:01:49 PM |
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Bitfinex has always been a shit exchanger. No licenses, no real office, they always hide.
were you molested by an exchange as a kid? you seem to spread hate about every single one out there. some of it's valid but there are still better things to do with your time. i do what I want with my time. Bitfinex is a pure fraud as many, many other exchangers. You are just a shill...
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European Central Bank
Legendary
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Activity: 1288
Merit: 1087
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December 08, 2018, 03:08:17 PM |
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i do what I want with my time. Bitfinex is a pure fraud as many, many other exchangers. You are just a shill... i don't really care in the slightest about bitfinex. you are an inverse shill, but shills are usually obsessed with one pet. you're obsessed with inverse shilling all of them which removes any credibility to the people you're trying to scare.
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mayax
Legendary
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Activity: 1470
Merit: 1004
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December 08, 2018, 06:39:28 PM |
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i do what I want with my time. Bitfinex is a pure fraud as many, many other exchangers. You are just a shill... i don't really care in the slightest about bitfinex. you are an inverse shill, but shills are usually obsessed with one pet. you're obsessed with inverse shilling all of them which removes any credibility to the people you're trying to scare. scare? LOL people who buy bitcoin do so only because they want to turn a quick profit by selling their holdings to a “greater fool” than themselves. this is all the tale with BTC.
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FractalUniverse
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January 21, 2019, 09:54:33 PM |
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dont know about btc rates, but i have noticed usd rates going much higher during last few days. actually about 10 times higher than month ago, when i took some.. i guess i'll have to take it even with this higher rate, as its expiring tomorrow :/
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Quickseller
Copper Member
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Activity: 2982
Merit: 2371
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January 21, 2019, 10:16:23 PM |
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How come Bitfinex BTC lending rates are so low lately? Around 0.27% today and it's been like that for bit.
Lending rates tend to go down when the price is relatively stable or rising moderately. The price hasn’t moved very much since it fell from 6k to just above 3k.
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figmentofmyass
Legendary
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Activity: 1652
Merit: 1483
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January 22, 2019, 05:35:32 AM |
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How come Bitfinex BTC lending rates are so low lately? Around 0.27% today and it's been like that for bit.
because short levels halved over the past few weeks. shorts started getting squeezed on the run to the $4200s and they've been closing ever since. less demand for shorts = lenders offering lower rates. this doesn't bode well for price, tbh. dont know about btc rates, but i have noticed usd rates going much higher during last few days. actually about 10 times higher than month ago, when i took some.. i guess i'll have to take it even with this higher rate, as its expiring tomorrow :/
that's because longs keep increasing. everyone's bullish.
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deisik
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Activity: 3542
Merit: 1280
English ⬄ Russian Translation Services
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January 22, 2019, 07:10:33 AM |
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How come Bitfinex BTC lending rates are so low lately? Around 0.27% today and it's been like that for bit.
because short levels halved over the past few weeks. shorts started getting squeezed on the run to the $4200s and they've been closing ever since. less demand for shorts = lenders offering lower rates Actually, interest rates just show interest in asset As the name itself kinda suggests. Whether it is a positive interest or a negative one is another question as people don't necessarily borrow money to open shorts. They can just easily borrow to open longs. In fact, the highest rates in USD that I ever saw at Bitfinex were exactly when Bitcoin had been skyrocketing. It was obvious that people were buying bitcoins on margin to sell them later when the price rise gave them enough profits. As soon as Bitcoin started to go down, USD interest rates went down too this doesn't bode well for price, tbh Nothing bodes well for price presently, and interest rates should be your least concern
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exstasie
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Activity: 1806
Merit: 1521
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January 22, 2019, 09:25:15 AM |
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How come Bitfinex BTC lending rates are so low lately? Around 0.27% today and it's been like that for bit.
because short levels halved over the past few weeks. shorts started getting squeezed on the run to the $4200s and they've been closing ever since. less demand for shorts = lenders offering lower rates Actually, interest rates just show interest in asset As the name itself kinda suggests. Whether it is a positive interest or a negative one is another question as people don't necessarily borrow money to open shorts. They can just easily borrow to open longs. He's right that less demand for borrowed BTC is causing lower rates. That's obvious since open interest has dropped by 20K BTC since the last peak. It's safe to say some of that (probably most, really) is BTC/USD short interest because BTC/USD eclipses all the ALT/BTC markets in volume and order book depth. You can only use margin on a limited number of alt markets too. In fact, the highest rates in USD that I ever saw at Bitfinex were exactly when Bitcoin had been skyrocketing. It was obvious that people were buying bitcoins on margin to sell them later when the price rise gave them enough profits. As soon as Bitcoin started to go down, USD interest rates went down too The cost of borrowing USD rises when people are bullish on BTC/USD because more people are opening longs. By the same token, the cost of borrowing BTC falls when people are bullish on BTC/USD because less people are opening shorts. These are two sides of the same coin. Nothing bodes well for price presently, and interest rates should be your least concern
I guess you don't use sentiment as an indicator? I always look at longs vs. shorts and open interest to gauge the commitments of traders. When most traders are piled on one side of the market, they're usually wrong.
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deisik
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Activity: 3542
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English ⬄ Russian Translation Services
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January 22, 2019, 09:48:44 AM |
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How come Bitfinex BTC lending rates are so low lately? Around 0.27% today and it's been like that for bit.
because short levels halved over the past few weeks. shorts started getting squeezed on the run to the $4200s and they've been closing ever since. less demand for shorts = lenders offering lower rates Actually, interest rates just show interest in asset As the name itself kinda suggests. Whether it is a positive interest or a negative one is another question as people don't necessarily borrow money to open shorts. They can just easily borrow to open longs. He's right that less demand for borrowed BTC is causing lower rates But that's not because of shorts specifically, which was his point exactly You (and him) seem to forget that it is not just about USD and Bitcoin. Bitcoin to other currencies is the same as the dollar to Bitcoin. For example, people can be buying Litecoin (or any other coin, for that matter) with bitcoins borrowed and in this case no shorts are involved but bitcoins are still get borrowed, right? Nothing bodes well for price presently, and interest rates should be your least concern
I guess you don't use sentiment as an indicator? I always look at longs vs. shorts and open interest to gauge the commitments of traders. When most traders are piled on one side of the market, they're usually wrong. When nothing else bodes well, obviously
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sorti75
Newbie
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Activity: 1
Merit: 0
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February 12, 2019, 06:52:36 PM |
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I don't receive SMS when i try to withdraw my coins. Help please!
Ticket number: #561828
Thanks
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bakasabo
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Activity: 2478
Merit: 1211
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April 09, 2019, 02:54:35 PM |
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