I buy today 9.735.843,65351333 BTC . What is the total BTC supply. I want buy all coins. Thanks
Market cap is BTC16MM and Whoboi, and OKCoin already do that much volume in a week each, and now you too!?! |
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well i miss those old guise. glad you're still around molecular.
this is some serious old school moonage we got going on here.
At least NLC is gone too...for now (or is s/he?) |
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Does gemini still doing their daily auctions? Lost the site where they tracked the daily volume, anyone has it handy?
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Are there even enough coins for sale on the exchanges?
Don't get fooled by the order book depth. Coins can get to an exchange within an hr. People got smarter (for now) and don't store (as many coins) on the exchanges |
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Are we having the 1000 USD/BTC party this time?
last time I was this close in buying the tickets but...
Due to recent development it has been moved to a $10.000USD/BTC party |
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Bravo Professor Stolfi i see you have gained some notoriety ...Thus, bitcoins are more like "penny stock", shares of a company with no assets, no products, and no staff; or shares in a pure ponzi schema, like Madoff's fund... Is this is all he got?? Clearly he doesn't know what a penny stock is, thus can't tell the difference between a "penny stock" and a "ponzi schema" as he's not even sure what to equate bitcoins to  Might as well write that bitcoin will eat all your children or start a war!!, you know one of those barely relatable, but most importantly, VERY BAD THINGS!! I say let him troll moar i'll get popcorn  |
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Guess that BTC1k ask wall on Finex was eaten
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So there are only BTC1.8k new BTC mined daily. Volume wise we got about: BTC4k @ Bitfinex USD/BTC BTC4k @ Btc-e USD/BTC BTC3k @ Stamp USD/BTC BTC3k @ Coinbase USD/BTC BTC3k @ Kraken EUR/BTC BTC1.8k daily Gemini auction BTC1k @ LocalBTC USD/BTC or about BTC20k/day volume from somewhat believable sources + BTC21MM CNY/BTC and that's with a stable price in last 3months. Where is the volume coming from? can't be same people selling to themselves just to pay exchange fees I think it is one thing only: fractional-reserve https://bitcointalk.org/index.php?topic=945881.0Read that thread and most of your questions will be answered. At first I would not believe that was happening but it is. But that's exactly why Finex implemented the the multisig with BitGo for easy auditing.. right? RIGHT??  |
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So there are only BTC1.8k new BTC mined daily. Volume wise we got about: BTC4k @ Bitfinex USD/BTC BTC4k @ Btc-e USD/BTC BTC3k @ Stamp USD/BTC BTC3k @ Coinbase USD/BTC BTC3k @ Kraken EUR/BTC BTC1.8k daily Gemini auction BTC1k @ LocalBTC USD/BTC or about BTC20k/day volume from somewhat believable sources + BTC21MM CNY/BTC and that's with a stable price in last 3months. Where is the volume coming from? can't be same people selling to themselves just to pay exchange fees |
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Finex spike to 640 and no one cares.
 Dafaq glitch? or did ask side get refilled instantly? |
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insight for the day:   that actually made me laugh. Not sure where it's from but it's genius |
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Now that i have analyzed the time at where the selling started at different exchanges (huobi, finex, stamp), it is obviously coordinated. No way that random people start to sell on 3 major exchanges at the very same 1-3 minute time frame (21:12 UTC, on a Sunday evening, riiight). Organized dump, nothing to see here.
They probably been preparing for this for hours/days. (You need to load up btc on different exchanges, than start selling at the very same time on those exchanges, for an obvious loss i might add - i would just use an OCT service for unload large amount of btc, less hassle, better price - clear manipulation.)
https://en.wikipedia.org/wiki/Arbitrage |
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Hello what happened here  |
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the price is wrong!
like for real we should be pushing 800.
Uh,nooo....BTC mining corps gotta dump coins to pay bills....ya'll don't think bout that do ya?? They can't stop selling coins Corps or hackers? Come on, we all know who is dumping these coins and why. People are panic selling just because we are losing trust after these big mamas getting hacked even with the best security possibly implemented in them. Hackers can't sell all they steal,soo ain't them.........BTC is born to lose to the average joe at least......there is no way as of yet to do a refund or a redo if you send coins to the wrong addy,or if you get hacked at home on your PC,so no,it ain't goin as mainstream as us techies think,so get over thinkin any of the crypto currency is going to take over anything Yeah that's why no one in the world is using wire transfers, you know cause "there is no way as of yet to do a refund or a redo if you send coins wire to the wrong addy,or if you get hacked at home on your PC" |
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JayJuanGee I traded on Bitfinex happily for two years: it seemed to me the best exchange around and the most advanced too. As you suggest probably the truth about what happened is in the middle even though I'm more oriented on the dirtier version of the story. I was lucky enough to have moved all of my coins out of that mess before the theft. Everybody would love to see a sort of silver lining for this story but it will not probably happen. A serious business would have never created such a bfx coin to repay its customers. To me that's called QE  Market is pricing their tokes at almost $0.40 so the haircut is around 21% which is apparently better than what market priced in. Also their ask side just vanished only BTC800 till $650 |
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So, who is going to be stupid enough to lay a finger on their BFX tokens?
i'm a sucker for a sweet deal that no one wants to touch. That poll... so judging by the 36% haircut, we can assume that 20% - 25% of the total was thieved!... And by that we can assume it is more than 250$ million if it was the total... But keeping in mind the current rate and the imminent bitcoin potential rise, we can say for the short term(30days) 500$ million would have sufficed, with the adjustment to inflation. But they don't have 100% ... because part of that was erased with the theft. So 250$ million would have been more appropriate and a good deal for the exchange price we have now on hand. What you are saying makes little sense. I don't know how a company could be valued based on the amount of customer funds that they supposedly hold, as that same value. Let's say that they held approximately $500 million in customer funds, that does not make them worth $500 million, but maybe (best case scenario) holding value (and being able to profit from the trading of that value) could make them worth 10% of the value that they hold? I don't know exactly what fees they have for as a theoretical... Bitcoin has the history on its side... Meaning that it will go in to a inflation period... And now to the numbers... If they have a 0.1% fee from the amount of each order. And if they have a 100-10$ million volume per day... That means 100k$ - 10k$ per day ... And if someone pays for something like this they don't pay for what is worth, but what it could be worth, they pay for the name, for the publicity, for the recognition... Meaning that in 10 years it could be bigger than the 250$ million they paid. But you are right, they should not be valued more than 150$ million... But on the other hand... They already have money! And they can probably make 100$ million or more in 10 years... And people with money need to be overpaid to budge and roll over!Yeah that's not how company valuation works. Right now their balance sheet is in red by ~$120MM (meaning they have $120MM more in liabilities more than assets) Also if you think this "incident" will have no effect on their market share (their daily volume) or their "goodwill" you're delusional |
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Yes exactly but that's truly annoying though. Basically the security page on their site is pure and simple advertising. Whatever they say there revealed itself untrue.
They have a long way before recovering from this story, if they ever will.
Yeah but it's business after all, kinda sucks but do people expect them to put, we're incompetent and somehow managed to loose $70MM? That'll go well with prospective traders if they ever want to recover |
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I would value bitfinex the company anywhere from 198,000BTC ($117,728,820) up to 1,190,000BTC ($707,562,100)
so IMO a fair deal would be that all these BFX tokens put together represents shares equal to 10-60% of bitfinex inc.
very rough numbers.
Hacked BTC exchanged with negative equity and legal liabilities up to their necks is worth 7.5% of ALL btc created so far? Lately you've changed |
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She's still growing up to almost BTC92k. Thought they lost ~60% of BTC ? Looks like they're already rebuying BTC with other assets somehow/somewhere? |
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