Post
Topic
Board Speculation
Re: bitfinex back on track leading the market.
by
1Referee
on 12/09/2016, 08:09:20 UTC
it's weird, but somehow bitfinex is gaining back trust in the market as once again it started initiating a pump where china followed with a massive green candle. take a look at the charts and you will know what i am talking about.

It was probably always likely to happen but I must stress to people, even more so than last time, please do not leave lots of coins on there. Only leave what you plan to sell on their exchange & even then I'd do it in smaller amounts multiple times.

people are too lazy to withdraw their coins from exchanges. they want to be able to sell as soon as they see that the price is going down or peaking. that's their reason of why they think it's "better" to leave their coins there. these people are seriously not learning from all the "hacked" exchanges that we have seen.

sometimes it is not possible to withdraw every time you close the exchange window. sometimes you want to open an order and leave it open so it gets filled with your desired price not the current price so you take a position and you hve to have some coins on the exchanger live and open in an order.

I think that's not really the issue. If you are trading (having open orders is part of that), then you don't have to withdraw your coins. But if you are doing nothing, and just leave your coins there as some sort of online storage, then the coins should be immediately withdrawn.