finex hack market moment is looking a lot like the silk road take down (that precipitated the 2013 megabull-run) and has some additional bullish elements. Elimination of an organised highly-leveraged short-selling attack and total discrediting of exchange coin storage for shorting ... one has to be suspicious that finex was actually bust and couldn't cover the long-term shorts that got rekt on the way up to $790 so the "hack" is convenient cover for a "lost in the wash" moment ... really it all smells too Goxxy for my liking (has anyone ever 'found' the gox coins yet?) so could have dodgy govvy black ops involvement Also it allowed some large (ballsy) money to get in at much lower prices who will be prepared to hold into the new ATH territory ... anyone else buying coinz at $470 yesterday chaps??  |
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The moral of the story: got internet monies? Keep them off the internets. Done and done.
The only reason people keep coins on exchanges is because they want to be able to sell them instantly, instead of waiting 10-40 minutes for confirmations. .... ah no, this is complete bullshit. People were keeping coinz on finex so they could lease them out for shorting or so they could gamble with 10x leveraged (on margin) trades on sometimes very short terms ... casino speculation aka day-trading. |
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Eth is the btc "in case of"
Everytime btc gets in trouble by a security compromising event, people rush to Eth. IMHO, you should fireclay link Eth buy to btc price. When price is down, directly buy Eth, if your faster than the market you're one rich motherfucker !
hahah which ethereum are you talking about? ... it is such a mess right now, it doesn't know if it's coming or going, am i one? or am i two?, am I real?? |
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Around this time everyone is hoping that the value of Bitcoin will be higher and that is because they already see now that the value is started to rise which that is really nice.
But some people also said that the value of Bitcoin wont even rise that much in the halving so we have just to wait and see for what will happen.
I guess the party is over, bitcoin prices retreated after halving occurs. Well, I guess halving not give effect so great for bitcoin, but I believe that it is simply a delayed effect. I believe that the price of bitcoin will rise again, and I believe, in October 2016, bitcoin prices go up, even if it rises slowly ... the party is just getting started, it's all part of the process. |
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such a delicate little flower shouldn't be let outside his gubmint-coddled walled-garden anyway ... but here, have a participant ribbon for showing up to play.
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!!!!!DO NOT LEAVE YOUR COINZ ON EXCHANGES YOU FUCKING MORONS!!!!!
This. Very naive, asset needs to be liquid to have value. To be liquid we need a place to exchange it for other assets, and that exchange place needs to be able to handle needed volume, and to do that someone needs to hold a lot of cash and assets on said exchange you're too mixed up in the failed fiat system ... how many coinz have you lost to the exchange hacks mr. sophisticated? How much more naive could you get than idiots that hand over their wealth to gambling houses in the expectation of endless profits? (Spare me the self-justifying bullshit about "liquidity" Bitfinex was a casino.) You rubes seem to have an infinite capacity to keep getting taken ... keep putting up those big fat pots of fail army dosh and it'll end up in stronger hands every time ... |
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These are trying times but I think BTC will survive as it always does. It just blows my mind why people trust exchange sites this much.
You would have to be pretty stupid to leave coinz on an exchange ... and more so for purpose of leasing for shorting. These exchanges go bust/get hacked at rate of 1 every 18 months or more, i.e. the interest rates needed to justify a 1 in 18 month total loss of coinz is around 75-100% per annum ... !!!!!DO NOT LEAVE YOUR COINZ ON EXCHANGES YOU FUCKING MORONS!!!!! what about the really good ones? heheh, especially the "good ones" and the "too big too fail ones" ... they are like catnip for hackers, the bigger the prize the better the scent |
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Crypto exchanges suck fucking ASS.
not really, blockchain crypto is inherently nasty for centralised services to deal with, it's part of the design ... people are just fucking stupid and don't listen or observe the history thus far that has demonstrated this every time. |
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These are trying times but I think BTC will survive as it always does. It just blows my mind why people trust exchange sites this much.
You would have to be pretty stupid to leave coinz on an exchange ... and more so for purpose of leasing for shorting. These exchanges go bust/get hacked at rate of 1 every 18 months or more, i.e. the interest rates needed to justify a 1 in 18 month total loss of coinz is around 75-100% per annum ... !!!!!DO NOT LEAVE YOUR COINZ ON EXCHANGES YOU FUCKING MORONS!!!!! |
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AN ERROR HAS OCCURED Don't worry, we've been notified about the issue and are taking a look. Please try again in a few minutes, or if the problem persists feel free to add a Bug Report. Sorry for the trouble! Coinbase..  well a run on Coinbase was well underway before this ... so now if you have coins on coinbase those are basically gone ... idiots. bitcoin is not for idiots, yet. Coinbased before you're Finexed |
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Bitcoin exchanges have been getting hacked regularly since 2011, especially the biggest ones ... only fucking idiots would know this and keep their coins on an exchange ... https://bitcointalk.org/index.php?topic=576337basically if you send coins to an exchange you should consider them coins GONE. |
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This could turn out to be a fast recovery lol A nice price correction. back to 700.00 would work  ... anything is possible now the overhang of finex shorting machine has been removed. |
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fuck man I was gonna buy back in at 470....why do I keep doubting myself!! argh
You will get a chance in the next 10 to 15 mins. doesnt really look like it....now wondering whether to buy back in at 527... I missed out on an extra coin or two :/ Hopefully thats the end of the bloodbath. That spike back up was on huge volume. Bitfinex is gone for good, people lost 125K bitcoins, this might lead to another extended bear run. ... you meant bull run there. |
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I might as well shut my node off now. Bye fellas.  so all finexed then? But seriously tho. This is serious.  no it's not, just a bump. finex and the idiots that used it had to go ... bye felicia. |
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seriously i dont even blame bitfinex, i blame everyone who is such a moron to keep his coins on exchanges. even after we had so many hacks meanwhile...
agreed, and think about why those people are storing coins on an exchange ... to earn interest from others who are shorting the bitcoin price zero shits given for anyone that loses their coins on bitfinex ... fuck off and never come back to bitcoin |
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I might as well shut my node off now. Bye fellas. so all finexed then? |
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That's a lot of money.
don't worry it's just a few whale traders ... who should have known better than to leave coinz on exchange ... little guys know to hold coinz close. |
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Oh I get it now.
1. Take massive short position on Bitstamp
2. Hack Bitfinex
3. Dump Bitfinex BTC on market as fast as possible
4. Profit !
4a. Collect check from Feds.
ftfy ... say modus operandi for Gox, Feds are paying the worst hackers to steal and disrupt bitcoin ya know |
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