Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
as far as I know:
1. the english versions of huobi.com and okcoin.com are under construction; okcoin has registered an offshore company for this business.
2. both of these websites received 10 million dollar investment in last month or two;
3. btcchina.com used to rank 1st in China's market, not any more simply because it keeps changing policy on fees.
4. i still think BFX is very competitive in off China's market. but the administrative seems lack of incentive to be more competitive. they don't really care if one day's trading volume only hits thousands, part of which done in bitstamp.
5. if i were them, secure the market before those aforementioned force them to.
1. the english versions of huobi.com and okcoin.com are under construction; okcoin has registered an offshore company for this business.
2. both of these websites received 10 million dollar investment in last month or two;
3. btcchina.com used to rank 1st in China's market, not any more simply because it keeps changing policy on fees.
4. i still think BFX is very competitive in off China's market. but the administrative seems lack of incentive to be more competitive. they don't really care if one day's trading volume only hits thousands, part of which done in bitstamp.
5. if i were them, secure the market before those aforementioned force them to.
as far as I know:
1. the english versions of huobi.com and okcoin.com are under construction; okcoin has registered an offshore company for this business.
2. both of these websites received 10 million dollar investment in last month or two;
3. btcchina.com used to rank 1st in China's market, not any more simply because it keeps changing policy on fees.
4. i still think BFX is very competitive in off China's market. but the administrative seems lack of incentive to be more competitive. they don't really care if one day's trading volume only hits thousands, part of which done in bitstamp.
5. if i were them, secure the market before those aforementioned force them to.
1. the english versions of huobi.com and okcoin.com are under construction; okcoin has registered an offshore company for this business.
2. both of these websites received 10 million dollar investment in last month or two;
3. btcchina.com used to rank 1st in China's market, not any more simply because it keeps changing policy on fees.
4. i still think BFX is very competitive in off China's market. but the administrative seems lack of incentive to be more competitive. they don't really care if one day's trading volume only hits thousands, part of which done in bitstamp.
5. if i were them, secure the market before those aforementioned force them to.
Interestingly enough ,those who think they are bigger enough now and greedily charges more and more fees from people who accompanying their difficulty growing times.
Still Really so naive as to think that they could always gain customers support?？
Yes,
When Huobi.com starts to offer their English Version with Zero Fees / FREE Trades,
BitFinex Lenders and Owners will discover that increasing fees and behaving as a bunch of "Greedy Bankers"
is all a moot point when you find that there are no "TRADERS" left to lend to because they have all ran, not walked to
the exchange offering Zero Fee / FREE Trades.
Traders are not going to stand for being treated like second-class for too long with Zero Voice, an Exchange needs Traders just as it needs lenders.
It's called a "Bank Run", one day the Exchange / Bank has cash in their account, the next day they don't, if it can happen on Wall Street,
it can most definitely happen here:
http://en.wikipedia.org/wiki/Bank_run
A bank run (also known as a run on the bank) occurs in a fractional reserve banking system when a large number of customers withdraw their deposits from a financial institution at the same time and either demand cash or transfer those funds to a safer / better / more reasonable institution because they believe that the financial institution is, or might become, insolvent. As a bank run progresses, it generates its own momentum, in a kind of self-fulfilling prophecy (or positive feedback loop) as more people withdraw their deposits, the likelihood of default increases, thus triggering further withdrawals. This can destabilize the bank / exchange to the point where it runs out of cash and thus faces sudden bankruptcy.[1]
Depositors clamor to withdraw their savings from a bank in Berlin, 13 July 1931