I see permabulls have changed their narrative from "bearmarket officially over, we go only up from here" to "price doesn't matter to true technological visionaries like us, only lowly peasants care about such mundane things like price".
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I would like it if they would sign a cold wallet and put the address on bitstamp.net saying it's the customers funds.
Well, it's pretty much guaranteed at this point that they still control this cold wallet address. But it seems their hot wallet has run dry and is not getting refilled in a timely manner, which bothers me. Edit: Hot wallet getting refilled with 5000 coins just now.
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Bitstamp not processed my withdrawal within 3 hours and 30 minutes!
i am still waiting ...
Please let us know when/if your withdrawal comes through. And how long you had to wait before it hit the blockchain.
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How big do you think is the risk of just leaving 200+ coins on Stamp and wait for the next bubble? I mean if they come back, they effectively proven themselves to be trustworthy and pull through with their promises. And I bet they will increase their security measures even further.
Please tell me you are joking. You must be joking. Right? RIGHT??? Why would you even consider leaving your coins on Stamp instead of an offline generated cold wallet? You will be playing beta tester for their upgraded site. They could just get hacked again. Or go bankrupt once their customers have fled them in masses right after opening their site back up again ( if they ever do that...).
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This is gonna end in tears for the clueless perma-bulls
Pfffft. These guys are absolutely irredeemable. Right now they are probably busy coming up with even more ridiculous reasons why this is actually a bullish situation
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you bitches ready for this? set a course, for the moon. He's back!
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Forget about bitcoin for a moment. Instead, come on over to Flappyparty and show off your rad flapping skillz! Flapping for life, bro!! They need to add that flappy faucet. And now the traffic is almost zero. I see only 2 birds I'll give you 0.1 bitcoin if you can outflap me
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Forget about bitcoin for a moment. Instead, come on over to Flappyparty and show off your rad flapping skillz! Flapping for life, bro!!
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2k wall @410 on Finex
There aren't enough USD swap offers left on Finex to eat just through that one wall. Also, USD swap numbers are higher now than they were during all of the rally before, over 25 million $. Many of these swaps were probably opened when the bid side became super thin as we approached the peak at $475, so I'd assume that a lot of these swap takers couldn't close their longs and are sitting on a big unrealized loss. Also, swap rates got obscenely high during the rally (up to ~1% per day!), so those margin longs will probably get closed sooner than later.
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Is it even possible to withdraw btc from unverified accounts? It's not possible, therefore: They can't withdraw fiat without supplying a bank account. It's less risky to fake ID and then simply withdraw BTC.
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I am not sure but I think you can reserve the amount (so the pool won't run out before you finish spending as much as you planned to) but not the interest rate. The interest will dynamically change along the road depending on the swap "market" (who lends how much for what cost at any given point in time).
I experienced a dynamic interest rate increase when Bitfinex swaps went above 20k BTC, however that was "auto borrow" not a manually reserved swap (I have never tried to use that function but I think those swaps come from the exact same p2p pool, so should behave exactly the same).
No, some swap offers on Finex have fixed rates. It can be beneficial to reserve those if you intend to hold your position for a long time and/or if you expect a sudden increase in the demand for swaps.
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worst case eat some rice and beans for dinner for a couple days... best case.... hookers and blow
Funny, for me it's the opposite: Best case rice and beans - I love me some rice and beans for dinner. I wouldn't want prostitutes and cocaine even for free.
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It's affirming to every now and again do a show/hide on ole' shroomporkchops and see you did in fact make the right call.
What? How are you getting your updates on our beneficent reptilian overlords then if you have NotLambchop on ignore? Blasphemy!
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I'm really disappointed with this latest pump. It looked like the perfect setup for inciting a nice rally: Large, intimidating bidwalls placed where many were expecting the price to bounce. Stealthy accumulation the day before the pump began. Multi million dollar market buys.
But after the last 2 dumps there is no effort to go back up. Low volume. Already went below 340 again on Finex despite the weak askside there. Lots of shorts closed, hardly any new longs opened.
I've honestly tried to be bullish, but...
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Bids are immediately getting refilled after a sell, asks are not. I'm switching over to bullish for the moment. Not convinced that this will be a sustainable rally though. Once the support from these massive bidwalls is removed I expect us to resume bleeding down again.
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Good morning gentlemen! What's the accepted backstory for today's meteoric rise?
I'll give my amateurish observations on the matter: Whale #1 was busy all day slowly buying up coins on Stamp. That thinned the already meagre ask side out even more. Then s.o. placed a ~700BTC wall @ $329 on Finex, which scared the market up on both Finex and Stamp. As $330 swiftly broke on Stamp, whale #2 got FOMO and threw ~1mil. in fiat onto the market on Finex. Together with a bunch of shorts closing this caused Finex to go up $10. The price was then driven down slowly by 2000BTC in ask walls (Finex) until they got eaten in one swoop by s.o. going margin long, and got immediately replaced by ~2000 coins worth of bids which have kept us in this price range since then. So I'd say it's just some big players trying to accumulate while the price is still (perceived by them as) low.
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Yeah... That looks very organic to me. Is this data for real? rebuilder, it's a bug on bitcoinity. I had the same issue, hit f5 a couple of times and it should be back to normal.
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so, when will this bull run officially relabeled a bull trap?
<320$ Or maybe now, BTCChina just readded antoher 2500 BTC I wonder how many more coins are still to come? Is there any rational reason for selling your coins like that?
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