Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 20/06/2016, 22:40:01 UTC
WTF only BTC880 on Finex till $700  Huh and BTC785 till $850 where did the order book go?

trade has been halted for about 10m


no news yet....


pray china doesnt do anything in the meantime.

Bitfinex twitter: "We are experiencing platform issues. We are investigating and will resume normal operations as soon as possible."

Did the CEO of bitcoin just turn off bitcoin?

I thought that bitcoin could not be turned off?

 Wink


Edit:

Here, I found this statement from Bitfinex:

"Trading has been paused while we investigate an infrastructure issue impacting the trading engine. The issue does not involve funds or system security. We will resume normal operations as soon as possible.?

I noticed crazy walls getting put up in both directions immediately before trading halted. They looked like the walls on OKcoin where all you get is two almost vertical lines with no gap in-between them. I felt something was wrong because walls like that don't happen on bitfinex.



I was kind of busy with something else, so I did not notice that kind of activity, and I had not realized that trading had been frozen until I saw the message on this thread.

Hopefully, their issue is not too major.  I recall that last year (maybe it was even late 2014-ish), on several occasions, Bitfinex had issues and shut downs, and I believe that they had lost some credibility because of going through those issues.  We always hope that they are learning from these kinds of issues, and that the corruption (if any) is not coming from within the exchange itself.. and if they lose coins, then they are able to contain it to small amounts (even though frequently, there tend to be self-imposed limits in the degree to which they are willing to be completely transparent about what is happening and their fixes).  Also, Bitfinex has several more complications on their exchange, as compared to bitstamp, based on the kinds of additional trading that they allow (including marginal trading and shorting)