can you still make that case when the recent price rise is based on bitfinex withdrawal issues?
is it though?
Yes, we dont have to speculate about this particular issue. Price on Finex has been 5% to 15% higher than on any other exchange for the very reason of withdrawal problem. In normal market conditions, such difference would prompt traders to arbitage, closing the price gap between exchanges and making profit.
We had exact same situation back in 2013 with Gox. However, apocalypse riders do forget, that Gox didnt bankrupt overnight, thanks to one way money flow it took couple of months before it went definitely under.
The current Finex price is in USDT (Tether) instead of USD, and the bitcoin price was already on the increase before their banking issues commenced.
You're misinformed and shorting a bull trend:
I would expect more rational perspective from seasoned member like you, Ted.
Unless we break 1250, 800 is in the play.
Unless we break 1250, 800 is in the play.
We've seen 1250. Are we rich yet?
And did we break it or stay there? While bad news keep mounting up and volume dried up?
Ah, screw it, I am betting meager 50 dollars I have right now on Okcoin, just to prove you, I mean bussiness. Maximum leverage on shorting.I have rest of the funds off exchanges for the time being.
Okay, short @ 7150 noted for future reference.
