guyz, there is still hope. as far as i can see, they only got the fukin domain under control, thats it.
Yeah and you know how that probably happened? FBI came visiting Vinnek in the prison, either hand over all data, plead guilty and get 20 years lowsec prison with visits by wife and child every day or 1000 million years Guantanamo without seeing your family again. Look at his face and you know he signed within a second. Well, I'm not saying there is a good outcome here. I don't think there will be. But I also don't think Vinnik is an owner, nor has access to BTC-E's storage. If you read the Russian forums, those who have been in contact with the owners and admins over the years -- none of them recognize this Vinnik. I don't think the owners would step foot in Greece, either. But this might all be irrelevant. What matters is that the feds want to shut down BTC-E. What the feds want, they usually get.  |
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So its finally confirmed that the owner of BTC-e was already arrested of suspicion of money laundering. And the hacked funds from Mt. Gox was being liquidated on BTC-e exchange. So I think that the case is strong now and sad to say that we won't see BTC-e soon. So if you have funds in that exchange, its gonna be bye bye. Although I'm not sure if the servers are located in Russia, if it is then US could have a hard time getting it for forensics to help them in their investigations.
Nobody knows for sure where the servers were located. It is likely that the US authorities seized servers, but the easiest servers to locate could easily just have been running scripts back to remote servers (location unknown to the authorities). They are unlikely to be in Russia, as the Russian Federation banned BTC-E -- this is why Russians mainly use btc-e.nz rather than the .com domain. |
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Any other lawyers or individuals interested in undertaking a legal action against to try an seek redress for you BTC-e losses or otherwise, post here.
I am suggesting an ETH ICO to fund this.
Undertaking legal action ... against the US authorities? Good luck. An ETH ICO could actually potentially provide a lot of funding (given how people will still throw ridiculous amounts of money into any ICO at this point). But taking on the feds? This, unfortunately, isn't like offering online gambling from Antigua. Money laundering is apparently taken much more seriously, and given that BTC-E had no mandatory KYC, they probably shouldn't have openly accepted US residents. Pigs, man. |
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I was optimism but It's over. After domain Seizing, It seems there isn't any hope for returning back even in 10 days away. so forget the btc-e's twitter and answer my question.
Is there any alternative like btc-e with code and perfectmoney & okpay for exchanges, easy for registration, no limits for deposit or withdrawals without veryfing and so on?
Agreed, I've lost any optimism for the situation. The feds are clear in their intents to pursue the owners and pillage from their customers, if they are able to. Doesn't make sense for the owners to attempt returning. I'm not aware of any exchanges like BTC-E regarding verification and withdrawal limits. Polo and Bittrex have low withdrawal limits if you don't want to provide documents. I really wonder if we are going to see action against Mayzus Financial, who I believe recently purchased OKpay. They have been backing BTC-E and moving their money for years. |
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As far as the exchange is concerned it only needs real 'FIAT' when it's transferred out to a bank account. Lets say I buy BTC in USD and then decide I want to cashout in Euros, how do you think that works? It would be a net loss to your 'zero sum' system. How they actually get real FIAT could be a combination of different things including exchanging BTC on other exchanges for FIAT.
Same could be said about me transferring BTC into BTCe and then pulling it out in USD. There is no way exchanges could function if their rates were based purely on how much FIAT they have on hand. People don't need to buy BTC with FIAT in order to use an exchange.
Why do you think Coinbase takes so long for withdrawls sometimes? They don't have a fort knox of gold on hand... or in our case USD.
Well, it's generally expected that the exchange is supposed to be solvent, that is, every Dollar or Euro or Bitcoin in a customer account should be backed by the exchange. Sure, when I sell to dollars, I often don't want to withdraw to a bank account... but many do. BTC-E could try to pull a Poloniex/Bitfinex move and essentially not have fiat banking, and just offer USD-Tether markets. But now that it's clear that the feds intend to shut them down (not just take a $110mm fine and let them operate with new AML procedures), it just doesn't make sense. I really hate to say it, but what makes the most sense for the owners is to simply disappear.... |
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I doubt the prosecutor will demand less than 10000 million years imprisonment for Vinnik. And USA has this winner takes it all mentality, they just don't care about business, they only care to get everything and inject their laws in to everybody.
I see all those fancy agency logos of the USA and think what do I have to with that? To whom I am going to complain? Can I go to my gov and explain that the USA took my bitcoin money out of a Russian crypto currency exchange? From my perspective it is a criminal act but nobody cares.
Sure, it's criminal. The feds are generally allowed to be criminals -- no one can stop them. At least know that there were many US residents on BTC-E as well, and our government robbed us too. They pillage from us at home, and they pillage from everyone abroad. There is little that can be done about it. All we can do now is try to rebuild from this. |
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Thanks, that's super helpful for understanding what you guys are talking about. Graphs really do the talking!
Np! Here is a nice chart by analyst DanV of a situation consistent with the interpretation on this thread. DanV tends to find the most detailed and valid outcomes to situations, while sometimes not the simplest. All of the EW analysts are calling for at least a medium term bottom here. This situation would be easy to identify if it unfolds. https://www.tradingview.com/v/7ssFMZmi/That chart is invalid before he even posted it. LOL  Y Absolutely, unequivocally MUST be equal to, or longer than X unless Y is a triangle. Not to mention X must be shorter than W which already invalidated this count as of $338 on the way down to $275. RyNinDaCleM, I am unaware of these WXY rules. These are hard rules? Can you elaborate/point to a source for this? |
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BFX seems to be addressing the bug. Can't recreate it.
Same here. That's good to hear. There is one user in the TV chat that says it's still happening for him. Damn... make that two. |
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Didn't experience anything like that.. But their orderbook is acting weird.. When I click it, it's not showing the updated data so I need reload the page to refresh it. No one? Try clicking the "order book" button on BFX. What happens? Nothing strange here, looks like business as usual. I even logout and re-login but still can't reproduce what you and others reported. Appreciate it guys. Anyone else in here, please let us know what happens when you click the "order book" button. Does everything seem normal? Do your username and balance show properly? To recreate the bug, you may have to have BFX open in one tab, then open the order book in a new tab. |
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anybody else get momentarily "logged in" to someone else's account? my name changed on my account for a few minutes, but when i refreshed it went back. my details never seemed to change. but this is very worrisome.
Yes, there is a bunch of talk on Tradingview about this. I personally was shown the username of another user, and for a moment, their balance, when clicking on the Order Book button. When going back to the exchange/margin trading pages, my name seems to return to normal. Many reports of this. To recreate the bug: have your BFX account open in one tab, then open the full Order Book in a new tab. Please respond ASAP, BFX management. |
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Been away a while. 47 days, 11 hours and 16 minutes. What the hell was I doing with my life?
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I missed the last spike of DVC (23,24 June). Saw it just now, what happened this rise in price?
Nothing, really...5 alts went up in price by around the same amount, the next day they went up a whole bunch more in a spike, dvc had the most volume (100btc ish on vircurex), then it started deflating almost immediately. I remember seeing ~ 100 BTC volume on DVC/BTC in 24 hours on Vircurex. Now back to 0.4242....  |
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coinzen.org appears to be live again.
It's just showing an empty page saying "coinzen.org" and having a weird link to some legal agreement. This is a prime example as any as to why we need DACs. They don't get sick, they don't get tired, they don't die, they only live with one purpose. People may come and go, and take down hugely important sites with them, but digital robots...well, they're slaves to their programming forever. I'm not saying tenthirtyone has gone anywhere...but has anyone heard from him lately? Do we have any other access to the coinzen server? or backups of it? That's strange. I have access to the full site, just as normal, whether logged in or out. tenthirtyone was online (on coinzen) several hours ago. I haven't heard from him though. I assumed he brought the site back up. |
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What on earth?
The forum has been down for 2 days now. According to Ongoing files Bittzy78 and Mabtc are the coinzen administrators...are you guys around? what's going on?
Hope its fixed soon.. we will address them as soon as its up. You guys are aware that Bittzy78 and I are only front end admins? Glorified mods, really. Tenthirtyone handles the back end and hosting. He unfortunately seems to be MIA. |
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...
Is the news bogus? There is certainly reason to believe it may not be.
Some reason more significant than repeats of a single article that contained no proof or references? I did see a link to CCTV posted on TradingView... did not click, figured it was in Chinese anyway... but many people were saying the [practical] ban was being discussed on CCTV. Maybe I just got trolled. |
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^^ true that, but short term analysis says that the short term coins were spent. huge volume came on that third wave. we were even treated to a fifth wave of panic. the bears are exhausted. The nubs have sold.
Like I said in windjc's thread, I don't see exhaustion. I do see an upwards correction as likely from here, but looking at volume and momentum, I do not see exhaustion. I don't see divergence to indicate it.  On the other hand, 4 days ago, I saw clear signs of buyer exhaustion. Once that bearish divergence was in, all signs pointed to a perfect short opportunity.  |
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Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...
Because right now there is pretty much infinitely more fiat in the world than coins.... coins are rare. .... is there infinite fiat on the exchanges? No? Then STFU. Wow... onery... short get squeezed? so you are saying that A) you know how much money is on the EXCHANGE not the order book? and B) that there are more coins in the world than fiat? Bottom line -- "coins are rare and fiat is not" is a horrible basis for short-term analysis. |
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$465 = 300 Daily EMA
eh what? @MAbtc To your last point, I actually called for a bounce at $465-480 in the wall observer thread, but that may be entirely irrelevant to the notion of a mid-term / long-term bottom. We had two fib supports at $476 and $473, so I expected a slight overshoot of those levels. But why $465-480? I generally expect an overshoot of support. But left the possibility open for undershooting it. You'll miss a good % of the time if you target one price only. |
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If you ask me, from any source, the sentiment is a bull flag. this is the end they say, wait and buy cheap they say.
Seems to me the panic was over yesterday. the decision for the chinese to make over this news is straightforward, there was huge volume yesterday. and the wave exhausted and terminated.
If the price dropped to cerca $100, then the average person such as myself could go out and buy 10 BTC no problem. That is a HUGE share of the currency.
I take it wave by wave. I'm long done trying to say "the bottom is in." I don't even care anymore. If we can find volatility, I am pretty happy. Regarding sentiment, I don't put much weight on that. People said the same thing at 600, 550, 500. And they'll keep saying it. I put more trust in my charts. And I don't see exhaustion either. Volume doesn't come close to 2-24. Not saying it's impossible that we've hit bottom and won't at least return to re-test 465. But I don't really see it. |
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