Quote from: BitHodler on May 01, 2019, 10:47:32 AM

Quote from: WinslowIII on April 29, 2019, 02:29:39 AM

What happened 8/2/17, when Bitfinex cold wallet went from 111k bitcoin to .5 bitcoin, then a day later went back to 111k bitcoin?!

Their trading volumes went down because whales left that exchange. Currently there is less than 90k BTC left in their main cold wallet, and this for such a 'large' exchange is very alarming.

The premium there indicates that there is a lot demand to sell USDT for BTC and withdraw directly after. It wouldn't surprise me if we see another 10-20k BTC being withdrawn from their main cold wallet this week.

Anyone still using that exchange is a retard--you're basically begging them to pull off a scam on you. The only thing this exchange should do is disappear from this ecosystem. Today rather than tomorrow.

It's not the first time we've seen an exchange do these things, and god knows it won't be the last. A normal public registered company in a developing country wouldn't get away with this type of hanky panky, but it's amazing what exchanges can and do get away with, over and over.

Whoever thought of printing "crypto" was brilliant. People bought into it and will buy into it tomorrow and thereafter, until the time it all collapses around them. There will be plenty of tears, but I guess telling them so isn't going to change the end of this story.