Bitcoin Forum

Yesterday, The price of bitcoin has shot up:  $9000
https://scontent-tpe1-1.xx.fbcdn.net/v/t1.0-9/37037738_959656520880404_8696941043595083776_n.jpg?_nc_cat=0&oh=c4f13ac3096567c192acd4ecbdbd2c33&oe=5BE276D0

And 3 days ago,I read that Bitcoin ETF license application with SEC filed by CBOE global markets

In 2018, I hope and believe that Bitcoin will be back $19000.

I'm waiting bitcoin's price drop below $6000-6050 and i will in .

How do you think??

Yes, it was yesterday's price. But this is manipulation, and possibly fraudulent actions. You need to be careful when you deposit your money into such exchanges. Perhaps you will get your money on the deposit, but the withdrawal may not be available or sale, and for the commission you will pay a lot of money. The price can not differ so much from other exchanges. Approximately 50 percent difference.

your topic is all over the place!

no, bitcoin price didn't shoot up anywhere. it is just price on this platform alone that has shown this number. i do not know what the case was but it can be a bug, a simple jump in price due to low liquidity in that market or anything else like some bot going crazy...
i have seen weird things from BTC-e before, so i wouldn't think too much about it.

going from $6000 to $19000 is a bubble, you should never hope for a bubble. and it won't happen anyways even if you hope it or not...

why?
it was proven multiple times (i guess it is  4 times now) that $6000 is not going to be broken that easily and each time the minimum price that is reached goes higher. so why are you waiting for prices lower than that?

today bitcoin fall to 5500 usd per btc in WEX.nz :-\

That's a very bad sign for anyone using that exchange.

In most cases when exchanges start to operate massive premiums over the rest of the market, people one way or another face serious difficulties getting funds out. Considering that it is only the USD value of all coins (BTC ratios are normal), it's pretty safe to say that there is almost no way to get USD out of that exchange, and thus it's pretty much worthless.

These exchanges are a real plague for this entire industry.

There are people that like easy money to an extreme degree. They attack once, then after a while rinse and repeat.

https://ru.wikipedia.org/wiki/%D0%9C%D0%B0%D0%BB%D0%BE%D1%84%D0%B5%D0%B5%D0%B2,_%D0%9A%D0%BE%D0%BD%D1%81%D1%82%D0%B0%D0%BD%D1%82%D0%B8%D0%BD_%D0%92%D0%B0%D0%BB%D0%B5%D1%80%D1%8C%D0%B5%D0%B2%D0%B8%D1%87#%D0%98%D0%BD%D1%84%D0%BE%D1%80%D0%BC%D0%B0%D1%86%D0%B8%D0%BE%D0%BD%D0%BD%D0%B0%D1%8F_%D0%B0%D1%82%D0%B0%D0%BA%D0%B0_%D0%BD%D0%B0_%D0%92%D0%9A%D0%BE%D0%BD%D1%82%D0%B0%D0%BA%D1%82%D0%B5

Yes it was surprising price yesterday for only two hours and hope soon at every exchange it will be occur and soon Bitcoin will break its previous record.

This is some nasty scam outthere.They just create a crypto exchange and list a totally fake bitcoin price(it can be even 50K USD) and wait for the naive people to deposit btc in their platforms in order to sell their btc and get the profit.Guess what,there`s no profit and the people have been scammed.
WEX.nz is a pretty strange name for a crypto trading website.I would never trust a website with such name.

it is because ever since their website was closed (btc-e.com) by the FBI and there were arrests people have not been trading there in the alternative website. they got scared and stayed away from this site and used other places.
that means the orderbooks are not as crowded as before and they can swing wild like this from time to time.

had there some usdd and now cant move them bcs if want to convert to btc must buy +30% from the market...jerks
looks like this manipulation is preparation of some sort of scam or something is happening now but not all know about it

$6k to $19k can looks like a bubble ... it was maybe also looking like a bubble for Berkshire Hathaway (https://finance.yahoo.com/chart/BRK-A?guccounter=1#eyJpbnRlcnZhbCI6Im1vbnRoIiwicGVyaW9kaWNpdHkiOjEyLCJjYW5kbGVXaWR0aCI6Ny4zNDMxOTUyNjYyNzIxOSwidm9sdW1lVW5kZXJsYXkiOnRydWUsImFkaiI6dHJ1ZSwiY3Jvc3NoYWlyIjp0cnVlLCJjaGFydFR5cGUiOiJsaW5lIiwiZXh0ZW5kZWQiOmZhbHNlLCJtYXJrZXRTZXNzaW9ucyI6e30sImFnZ3JlZ2F0aW9uVHlwZSI6Im9obGMiLCJjaGFydFNjYWxlIjoibGluZWFyIiwicGFuZWxzIjp7ImNoYXJ0Ijp7InBlcmNlbnQiOjEsImRpc3BsYXkiOiJCUkstQSIsImNoYXJ0TmFtZSI6ImNoYXJ0IiwidG9wIjowfX0sInNldFNwYW4iOnt9LCJsaW5lV2lkdGgiOjIsInN0cmlwZWRCYWNrZ3JvdWQiOnRydWUsImV2ZW50cyI6dHJ1ZSwiY29sb3IiOiIjMDA4MWYyIiwic3ltYm9scyI6W3sic3ltYm9sIjoiQlJLLUEiLCJzeW1ib2xPYmplY3QiOnsic3ltYm9sIjoiQlJLLUEifSwicGVyaW9kaWNpdHkiOjEyLCJpbnRlcnZhbCI6Im1vbnRoIiwic2V0U3BhbiI6e319XSwiY3VzdG9tUmFuZ2UiOm51bGwsInJhbmdlIjp7fSwic3R1ZGllcyI6eyJ2b2wgdW5kciI6eyJ0eXBlIjoidm9sIHVuZHIiLCJpbnB1dHMiOnsiaWQiOiJ2b2wgdW5kciIsImRpc3BsYXkiOiJ2b2wgdW5kciJ9LCJvdXRwdXRzIjp7IlVwIFZvbHVtZSI6IiMwMGIwNjEiLCJEb3duIFZvbHVtZSI6IiNGRjMzM0EifSwicGFuZWwiOiJjaGFydCIsInBhcmFtZXRlcnMiOnsid2lkdGhGYWN0b3IiOjAuNDUsImNoYXJ0TmFtZSI6ImNoYXJ0In19fX0%3D) during the 90's.

I visited the exchange to see it myself but it seems they are having an error and can't visit the site itself. I'll avoid this type of exchange of having their own price and by not following what's the market price.

I'm so out of touch. Thought BTCe just died and got back up with promises to refund everyone (did they, by the way?). Vinnik's been in the news again, so am curious as to why this exchange's still allowed to operate. Presumably, scapegoating worked.

What's even more curious for me is why are people still trading there? No KYC? OP's Vietnamese too, there's 1 exchange in Vietnam now, isn't there?

They partially refunded (50-60%) people who didn't wait for the launch of the new site (WEX.nz). Those who waited for the launch received more, plus tokens representing unpaid amounts. They have further repaid some of those tokens, not sure how much.

But same as BTC-e, there always seem to be complaints from some people who got screwed for some reason.


Lack of KYC is part of it. I imagine some darknet funds get funneled through there.

Also, they apparently still have the strongest brand in the Russian/post-Soviet region. From Twitter replies, it also seems like many Arabic-speaking and Vietnamese people trade there. I guess small, local exchanges have such thin books that they land there.

There are two reasons one of these massive wicks can happen:

1) A fat finger. Someone with a ton of money misplaces a comma, which can happen in crypto due the amounts of digits that we deal with. It has happened before without any conspiracy theories behind it other than a mistake.

2) A scam or a hack of sorts: Money laundering, inside jobs.. and so it goes. If the exchange is one of the crypto-only wild wild west exchanges, the percentage of this being the case increases. This may be it in this particular case.

Lol. It simply means that someone is either manipulating the price behind, and people are gullible to follow or its a fake volume. Its been proven that Wex has something fishy going behind the background so I wouldn't even deposit a simple penny and lose it on the next day. The stigma is still there so let that be a warning for newbies to try and get their hands on that exchange. I haven't heard if they totally refunded their customers though.

Thanks for that update. I was under the impression that funds were seized, but I suppose exchanges these days are able to create money out of thin tokens, to misquote a saying.

You'd think that with all the heat already on them, they'd have to be operating under heavy scrutiny. There's just so much missing from this picture that an exchange just having undergone a huge international investigation is now still able to even function. Mt Gox never survived its scandal, but I suppose BTCe had a really well-established brand.

this is just my perspective but I think the difference between Mt Gox and Btc-e is the general shadiness and anonymity of Btc-e and that is the reason that has kept it alive to some extent. Mt Gox was in Japan and the owners were a lot more clearer than Btc-e. there are some Russian affiliation to this exchange but the fact is nobody really knows where they are, who they are, where their banks are,... you can search all you like but you won't find anything.
all the offshore accounts and hidden money tucked away all these years is the reason why they lived.... and all that attracts people who don't want to  reveal their identity when trading bitcoin. hence the current trading volume on the new site. and it is not just dirty money. there are many people from countries under sanction for instance who can not use US markets and the rest aren't accepting them either so their choice is localbitcoins and btc-e.

WEX's prices are artificially inflated, and I don't think that there is any good looking there considering that they are quite a shady exchange with many problems including withdrawals that are present right now. No point speculating with their price as a reference point.


This probably isn't going to happen, you can hope all you want, but the probabilites are pretty low.

The prices are probably going to either continue dipping or continue to move sideways with no momentum upwards at this stage. There just isn't any momentum as I said, nor any bullish sentiment within the market. Plus, bear markets have historically lasted much longer than just a few months.

I don't know how that happens since to me it is impossible to pump like that, a $3000 dollar for no specific reason is a miracle maybe they have their own price manipulation or something because I personally don't think it is really possible.
And in fact I don't like how the price move in that exchange its too invulnerable like there is no way to predict.

Why would you think about 19000? CBOE and CME are mostly in SHORT. The only thing that can push the price is the the entrance of Black Rock with it 6 trillion in turnover.

This price is just entice traders and is a misleading price that any exchange will list such a huge price which might cause arbitrage to occur among other exchanges. It is just a manipulation which must be avoided.