Coinbase is dumping all by itself.. 990 now.. wtf?
It's a low volume exchange, 500 Bitcoins can move the price $50 in either direction on it. The arbitrage bots will soon take advantage of the price discrepancy between it and all the other exchanges. |
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If you don't want to install Bitcoin core and wait a long time for it to sync you can use the instructions below to extract your private keys from multibit and import them into electrum. The instructions worked for another user who couldn't send his Bitcoins directly from his multibit wallet because of a bug. All you need is your multibit wallet words. I successfully tried generating a wallet in multibit HD and retrieving its extended private key using an offline copy of the webpage linked below. https://iancoleman.github.io/bip39/Once you have the extended private key you can use it to get your Bitcoins back by importing it into a blockchain.info wallet. The page also shows a list of private keys for each address in an HD wallet, and you can import them into electrum or some other wallet to access your Bitcoins. To use the webpage right click the link and choose save as , then press enter. Open it offline in your browser, then click the BIP32 tab below the big Derivation Path heading. Put the text below in the BIP32 Derivation Path box. m/0'/0 Type your wallet words into the BIP39 Mnemonic box. The page should automatically generate your extended private key and a list of receiving addresses for your wallet. If your Bitcoins are in a change address then repeat the steps above, but type the text below in the BIP32 Derivation Path box. m/0'/1 The page should show you all your change addresses with their private keys. If aren't sure if that webpage is trustworthy it was recommended by a respected member of bitcointalk called dooglus who's a clamcoin dev, and runs a well known dice site. This is the post which he recommended it in. https://bitcointalk.org/index.php?topic=623147.msg12270560#msg12270560You can also scan it at the virus scanner link below to check if it's safe. https://virustotal.comThe only reason I said to run it offline was to be extra safe. It's possible to use it online. but less secure.
How can I use my extended private key and a list of receiving addresses for my wallet to open my locked wallet? Can you explain this step-by-step?
Use the webpage I linked to in my earlier post. After you have entered your 12 wallet words into it and put m/0'/0 in the BIP32 Derivation Path box the page should automatically display the addresses in your multibit HD wallet together with their private keys. You should be able to see them about half way down the page below the big heading that says "Derived Addresses". If you know which address contains your Bitcoins you need to copy the private key shown next to that address. If you don't know which address contains your Bitcoins then open the blockchain.info link below and starting at the top of the list search blockchain.info for each Bitcoin address in your list until you find the one containing your coins. Don't let blockchain.info or anyone else know any of your private keys https://blockchain.info/After you find which of your Bitcoin addresses contains your Bitcoins copy its private key, then follow these steps. Download electrum 2.6.4 portable from here (because the latest 2.7 versions are buggy). https://download.electrum.org/2.6.4/electrum-2.6.4-portable.exeCreate a new folder and copy electrum-2.6.4-portable.exe into it, then double click it to start the wallet. An install wizard window should open. At the top of it select the "Restore a wallet or import keys" option, then click the "next" button. Another window will open with a box in it that you can type your private key into. After that click the "next" button and another series of windows should open. Leave each window's settings as they are and click the "next" button in each one until the wallet opens. You can leave the password boxes blank, the electrum wallet can work without a password, and its password is not the same as your multibit wallet's password. When the wallet opens it should sync within minutes and show your Bitcoins. You can use it to send them wherever you like. |
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People complaining could give suggestions, because the only method fairer than this is POW, the problem is there are no blocks here... and this is probably a good thing, because @tonych is not trying to replicate Bitcoin.
he was given many suggestion long before main net. He chose to ignore them. As yet the motivation is unclear. To be 100% honest though it was not as bad as it could have been. Lisk, wave and komodo seem to be the largest whales. I was told the second largest wallet (6.9K) is ICONOMY project wallet. Didn't check that information though... It is you can check Iconomi's BTC address here: https://bitcointalk.org/index.php?topic=1587736.0Yes, thats right, found it... Second largest - 3KbWWjumBGLBUWYCeidydxe1uET9QyWoEg - Iconomy fund. So we have Lisk, Iconomy, Waves and possibly Komodo community wallets participating. Not sure about Komodo. Interesting enough, only Waves Byteballs were moved and maybe partly dumped. The rest - Lisk and Iconomy wallets are intact, so they are waiting (probably to dump on bigger market  Maybe not, who knows... I don't Lisk will they will distribute coins to ICO holders. Iconomy wont do that for sure . The real second phase of distribution will happen when they dump The lisk dev said he would wait until after New Year before he decided what to do with his byteballs. I don't know about what the other devs said they would do. |
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Stamp <---last domino to fall before liftoff.
It's back up to its high of 998 again. There are little nibbles getting taken out of its sell wall that's been holding its price back. |
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I checked which exchanges were above 1000 on coinmarketcap and noticed xBTCe at 2nd place for USD volume. Is that exchange related to btc-e? It shares the lowest price with btc-e.  |
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Are animated gifs blocked now?
The top animated one doesn't show, but the bottom static one does.
There are size limits on gifs. Iirc, about 1.5MB. Thanks for explaining. Everyone else is posting animated rockets and mine didn't work. |
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Bitstamp's still at a high of 998. If bitstamp can break through 1000 the sky's the limit. There's an 800 Bitcoin wall holding it back there.
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I only just got online. That 1.25k buy about 45 mins ago on Finex - did anyone notice whether or not it was a single market buy?
I checked the last few pages of the bitfinex trade history without finding a single 1.25k market buy. https://www.bitfinex.com/trades_history/btcusdNevertheless, I rushed it and could have missed one. You can check yourself at the link above. |
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Price right now on the USD exchanges:
"Maybe, if I vewy vewy quietly sneak towards 1k nobody will notice :3"
It's working, it's getting closer, only 400 more Bitcoins to go on finex. Shhhhhhh I'm hunting wabbits. |
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I am expecting, in a couple of hours, the last pump of this rally, taking us to about 1100$, spending a couple of days there before crashing 40%. To be sure of catching it, I had to wake up early on the 1st January, grrr...  You could have had a nice lie in today instead of getting up early for that pump to about 1100$. A piddley $10 pump was all we got. |
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happy new year! 3 coins is very interesting. byteball/elastic XEL/ Qtum/ will hold my 700BTC shares byteball for one year. 700 BTC shares byteball? We got a whale in the house!  But yes, it's good to hold byteball for now... I'm curious what will happen with black byteballs. Coinmarketcap gives 1,499 BTC as the market cap for all the byteballs distributed. I doubt anyone was given 700 BTC worth, that's almost half of all byteballs distributed. It would require linking approximately 30000 BTC to get that number of byteballs from the distribution. |
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OK - looks like someone somewhere is having a final push for the line and wants BTC to end the year on a high note.
I'm in the UK - 6 hours to midnight. How far can the price go in 6 hours ?
What will be the price this time tommorrow ?
My guess - in the range $975 - $985 on Stamp
Happy New Year to all bitcoin evangelists everywhere - we are the early adopters still.
It's 02:11 on Sunday, 1 January 2017 in China. That's too late for them to see $1000 Bitcoins in 2016. There's still a slim chance other countries might see $1000 Bitcoins in 2016, but a greater chance of sideways prices. Ahhh but Hu boy did see $1000 BTC in 2016...they reached 6990 CNY.  I was unaware of the Chinese prices. I just checked BTCC and that reached 6966 ($1003), and OKcoin beat Hu boy by reaching 7007, so the top three China exchanges all reached $1000+ in 2016. |
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OK - looks like someone somewhere is having a final push for the line and wants BTC to end the year on a high note.
I'm in the UK - 6 hours to midnight. How far can the price go in 6 hours ?
What will be the price this time tommorrow ?
My guess - in the range $975 - $985 on Stamp
Happy New Year to all bitcoin evangelists everywhere - we are the early adopters still.
It's 02:11 on Sunday, 1 January 2017 in China. That's too late for them to see $1000 Bitcoins in 2016. There's still a slim chance other countries might see $1000 Bitcoins in 2016, but a greater chance of sideways prices. |
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There's only 3.3k Bitcoins up to $1000 on finex, whereas it was a 7k sell wall yesterday. I thought that wall looked fake.
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The lawyers are taking most of the money and the bankruptcy process is dragging itself along.
This is one reason why putting a Bitcoin related company into bankruptcy is probably not a good idea, especially if they have a decent amount of assets.
The Bitcoinica bankruptcy still hasn't concluded, and it went bankrupt way before Gox. It's getting complicated because the Bitcoinica liquidators are claiming Bitcoins from the Gox liquidators. They say Bitcoinica had Bitcoins stored on Gox. So the 9th liquidators report is interesting.
Claims against Bitcoinica are: 91,300 BTC
$248,000 cash
$276,000 leveraged trading positions (hmm, I wonder if they are ignoring people with negative trading positions? Maybe not a big deal as they were probably 1/10th of this amount)
But the MtGox trustee values the claims at $6.8 million (USD)!
The bitcoins were only worth around $10 when Bitcoinica went bankrupt, so this claim is equal to all the cash ($524k) and roughly 6.3 million left over for 91k bitcoins - or $690/bitcoin.
If the liquidation ever goes through, it looks like the NZ liquidators will get a sizable amount of money.
This $690/bitcoin is also a major increase from the previously announced value of $483. So either they changed the Bitcoin valuation or Bitcoinica had a sizable number of bitcoins on the exchange that weren't subject to claims. Maybe this is best explained by the leveraged trading positions! As those trading positions should have been backed by purchases of bitcoins.
If you take $6.8 million, subtract the $250k cash. You have $6.55 million. Divide by $483 - and you get 135,600 BTC. So it is possible that the open positions were equal to 44,300 BTC long (and you have to remember that back then they were only worth $10 - so it wasn't as crazy as this would be now). That makes more sense than the liquidators changing their valuation of BTC. If they changed their valuation all the time based on market conditions, they'd never be able to liquidate.
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Where can I buy BB?
You can buy them from max or sasha? Who is sasha or maxx because I'd like to buy some please. Sascha form waves and max from lisk Oh no he'd like to buy some even knowing how much they own. Shoot them a pm I'm sure they'd love to sell you some of their worthless coins/tokens Sasha from waves has no byteballs left to sell, he sold all he had for 35 BTC. Sasha can't sell his byteballs twice, he's dumped them already. We managed to make 35 BTC with byteballs, will be distributed as BTC token to WCT holders, it'll happen after the holidays |
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As I predicted, psychological resistance at 1000 $ worked. Daytraders were sunny because it was quite wavy, but I do not think it will take too long. In a few days,it will sit in a narrower space and consolidate his place.
Yes. It looks like $1000 is a good resistance for bitcoin and I don't think it will be taken out today. But by January 2017, we should see bitcoin crossing $1000 mark in style. Until then, enjoy the new year celebration! China shuts down for New Year. All its banks are closed and no money can get sent to exchanges from them. Bitcoin trading will be lame until those banks open again. China celebrates western New Year? I know they shut things down for like a week during Chinese New Year. Yes, China celebrates western New Year, then celebrates its own New Year a month or so later. The Hong Hong stock exchange closes for those same holidays. These are the dates for 2017. https://www.hkex.com.hk/eng/market/sec_tradinfo/tradcal/nont10.htmSecurities Market is closed on Saturdays, Sundays and Public Holidays as specified below:
2-Jan-17 Monday The day following the first day of January
30-Jan-17 Monday The third day of Lunar New Year
31-Jan-17 Tuesday The fourth day of Lunar New Year |
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