I feel bad that the bears just disappear when bitcoin moves up 20 dollars.
I haven't seen tarmi or NHJT since they promised us double digit coins!
But you dont refer to me, not? My hearth always goes out to you, but at the moment Im temporaly banned for posting fucking animals here - mods told me it were spam and off-topic. You believe it?! Spam and off-topic in the Wall Observer!! For now, the Dump3er is long, but will dump (WITH STYLE) very soon when this small correction has finished and we return our travel to the double digits! Cheers! You have got to be kidding me. Dump3r? Long? Pigs? Fly? If that's not worth a CCMF, I don't know what is.  |
|
|
|
so how long has this been in development?
Long enough to deplete the entire funding of it. To be fair, they did keep all their funding in a plummeting volatile asset. |
|
|
|
This is what goes passes for capitulation for me. I'm out of fiat. out of leverage. Might lose everything in a margin call. Pawn shops are closed and I just bet the mortgage money. I'm just a spectator now. Good luck, Gentleman. I did everything I could.
 how did I get here? Who reads old stuff like this? What was the price back then? Good think I got a few paychecks since then. In Bitcoin, running out of cash is like farting in church. Poverty is a sin. |
|
|
|
$ 2 4 0 COMING UP
I have wasted my life Somehow newbies are always eager to write such statements. Almost every single "bitcoin is dead" post on this forum comes from a new account. The chances of it being a newbie are slim in the extreme. It's the same old psycho dullard droning away. It is such a dead cert I pretty much auto ignore any newbie in this section without bothering to read. Sorry real newbies. I kinda get a kick out of how many sox are opened and am mesmerized by the sheer derangement it must take to be such a rabid troll of any forum out there. I've been on certain forums for many years and I've never seen one like this. Can anyone comprehend what this person's life looks like in years to come...  |
|
|
|
GBTC
ItBit
Up next......
NY Bitlicense
Gemini Exchange
COIN ETF
Next summers halving
Gradual mainstream adoption
Don't forget the ETN on Nasdaq Stockholm in 11 days  By KnC fraudsters. I'd rather forget. |
|
|
|
do you guys think $1k are still possible this year?
possible but unlikely, IMHO. We still have one more U.S. Marshals auction to go and if we get a major push into overbought conditions, we will be vulnerable to a bear counterattack. Organic growth takes time and sentiment doesn't change on a dime. There will still be many bargains on the road to recovery. Bitcoin isn't really big on organic growth though.  |
|
|
|
No need to worry bears. Double digits right around the corner. Chinese wash volume, grumble, grumble. Where's Tarmi?  He be chillin. Waiting to short from $3500.  He's on a boat! |
|
|
|
sub $200 still possible, dont fall for this trap!!!
Don't worry, we have a plan  |
|
|
|
What does itbit do that's different then coinbase?
No "blast off" gif?  Live long....... .... and prosper. Live short and eat shit! CMMF!!! FTW!!!! HIGNFY!!!! |
|
|
|
What does itbit do that's different then coinbase?
No "blast off" gif? |
|
|
|
A lot of people were forced out of their positions due to this glitch. That has to have repercussions of some kind. We might just as well see another jan 13-14 crash. But idk, I'm lubed up both at the front and the back atm, hoping to get lucky.
"I'm lubed up both at the front and the back atm, hoping to get lucky" -- This created an image in my mind that I find hard to reconcile with the subject of this forum...  Most of 2014 I didn't bother with the front. 2015 is gonna be sweet. Volume on GBTC is 2268 Monkey sees two more weeks down. Monkey just changed his mind. Nevermind the monkey.
I'm beginning to suspect your monkey is actually a monkey |
|
|
|
It's alive!  Volume climbed to 1153 |
|
|
|
Yep just noticed we are a hair off 31k shorts. Someone is going to get burned when this resolves  And leveraged longs don't matter, because ... ?  Cause bulls be stubborn and bears be twitchy.....seriously! |
|
|
|
That would be a bit painful and might help explain the healthy bidside too I'd also be pretty pissed at BFX if they spoofed me into a short last night Shorting at this point it time seems excessively risky, like picking up nickles in front of a train. BFX is very influential and may even lead this market, but it doesn't control it. They had a glitch related to an UPGRADE. They are upgrading. I think you are missing my point. Yes, glitch was related to an upgrade - shit happens. Other shit that happened is that a bunch of people almost certainly DID short the move on several markets, who likely would not have traded if the event did not occur. They are currently 'out of position' right now with shorts they don't really want, and are likely to add to the buying pressure in the next couple of days i don't think they quite realize they are "out of position" just yet, bitfinex has seen >1k more in shorts come in since i woke up, a few hours ago. now at 30,995.46 BTC its looking good,pretty sure the next 24 hours are criticalI agree,  |
|
|
|
I just scanned the reddit threads. Interested to me that most of the complaints are from people with low volume accounts. (5-6 BTC) I guess it makes sense that the big players would not be posting on Reddit.
They would be more prone to going bankrupt from the error than a larger holder. It appears that the BTC and USD streams crossed. If I hold 5,000 BTC, my position will be affected less if my 0.23 BTC buy for $234.99 changes to a 234.99 BTC buy at $0.23. The large stakeholders would not be bankrupted, but would serve as 'go fully long/short at current prices'. They'd know an issue occurred, and be able to have it cleaned up without it totally stopping their trading in the interim. Small stakeholders may have gone from a 0.4 BTC account, to owing $17,000. Their wheel will squeak more. Crossed streams?!?! That sounds like the first thing you make sure never happens. These exchanges are like sausages. The more you know about them, the less you like them. Ok, I think I'm done ranting. They should have done better testing. This is purely speculating based on my time as a Software Engineer, and the kinds of problems that typically happen in these scenarios. We know they have been integrating behind the scenes with the more scalable alphapoint engine. They have communicated in the past that they were going to use both streams for awhile as an audit of sorts, and then cross over to the new platform. Along with scalability, another listed reason was the robustness, quality of the replaced code. But you still need to port a legacy system to a new one. That requires new, translation code. I am guessing an easily-overlooked copy error occurred, nested within a conditional statement only triggered by whatever obscure market event initiated it. Or, they had just completed an incomplete set of tests, threw new code to live, and chaos immediately ensued because their test set did not include the case that the market data had. Most of the time in retrospective (when it IS this kind of error), the culprit is one of two things: -Failing to plan for an impossible event that is very, very possible. -Penny-wise-pound-foolish lazy variable naming in 'temporary' or 'boilerplate' code. i.e. you need to copy btc (a) and usd (b) values from stream1 to stream2. So someone writes the 'temporary' code s1.a = s2.a s1.b = s2.b and above they assigned A and B correctly (but poorly named) for one stream, and the opposite for the other, not caught by our first little conscious filter, because with names like A and B the cognitive dissonance never occurs when writing the assignment. TL;DR - I'm hopeful this is an unfortunate but necessary risk that is occasionally realized when migrating legacy systems to new and improved systems. Improved validation and testing practices will hopefully be applied and communicated outwardly as a result of this error. To be fair, this kind of stuff happens all the time in the regular banking system. But Bitcoin can ill afford it. |
|
|
|
I just scanned the reddit threads. Interested to me that most of the complaints are from people with low volume accounts. (5-6 BTC) I guess it makes sense that the big players would not be posting on Reddit.
They would be more prone to going bankrupt from the error than a larger holder. It appears that the BTC and USD streams crossed. If I hold 5,000 BTC, my position will be affected less if my 0.23 BTC buy for $234.99 changes to a 234.99 BTC buy at $0.23. The large stakeholders would not be bankrupted, but would serve as 'go fully long/short at current prices'. They'd know an issue occurred, and be able to have it cleaned up without it totally stopping their trading in the interim. Small stakeholders may have gone from a 0.4 BTC account, to owing $17,000. Their wheel will squeak more. Crossed streams?!?! That sounds like the first thing you make sure never happens. These exchanges are like sausages. The more you know about them, the less you like them. Ok, I think I'm done ranting. |
|
|
|
https://www.reddit.com/r/BitcoinMarkets/comments/353yu8/bitfinex_having_serious_lag_issues_be_very/zanetackett has posted from Bitfinex: "Hey everyone, The issue has been fixed. We're looking into exactly what happened now and I'll be sure to post a detailed explanation in the future. Please don't hesitate to reach out to me with any problems that this may have caused you and I'll try to get it fixed asap. Sorry for the inconvenience." ....... "We know what the problem was; while integrating Alphapoint our margin check system was disabled for a period of time. Now we need to get the exact details of why this happened." what doesn't kill you only makes you stronger. very good. Yeah, like Stephen Hawking. Fit as a fiddle. |
|
|
|
https://www.reddit.com/r/BitcoinMarkets/comments/353yu8/bitfinex_having_serious_lag_issues_be_very/zanetackett has posted from Bitfinex: "Hey everyone, The issue has been fixed. We're looking into exactly what happened now and I'll be sure to post a detailed explanation in the future. Please don't hesitate to reach out to me with any problems that this may have caused you and I'll try to get it fixed asap. Sorry for the inconvenience." ....... "We know what the problem was; while integrating Alphapoint our margin check system was disabled for a period of time. Now we need to get the exact details of why this happened." "Why would people want to buy shares in a fund when they can just send their money to Bitstamp or Bitfinex?" "Siiiiir, I know, I know, pick meeeee!" |
|
|
|
|
Show Posts
