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Awesome, their CEO is clearly a crazy bitcoin bull. I'll take it. Too bad I'm not a huge fan of their site, but one of these days I'll find a reason to spend some coin on there...
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Often you will see this when two blocks are solved directly after one another (within seconds). But as far as I know, a miner does not need to include any transactions from others in a block.
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This isn't FUD, I'm an old customer of Bitfinex and want to keep using them. I think any accusation of scam or similar against Bitfinex have no foundation whatsoever. But I'm also apprehensive with present levels of swaps taking in account the thin orderbook.
I'm in the exact same position. Longtime customer. Don't love them, but they've been good enough to keep my business. For now. But I've been watching this situation gradually spiral out of control and it really worries me. We can't assume that little/no swaps are being used to margin buy; that would be counter-intuitive. Swaps can't simply grow forever while the order book remains paper thin. That's just a liquidation cascade waiting to happen. I wouldn't mind as much if BFX honored lowball bids that execute, but they don't. I'd like to know the details behind their decision to remove Bitstamp liquidity when they did. |
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Seems I went bull too early.  Staggered bids and still all in $8 above the low here. Hope we can get some bounce soon, bulls are still looking weak...  |
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Hate is a bit more than I can muster. I suppose it's a bit upsetting that bitcoiners lend much credence to them. They should be (perhaps are) irrelevant.
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I know someone who thinks he is a Philosopher.
what he do is have a bag of weed on is side and light up every now and then.
Most professors do the same thing. Bingo, haha. Most of the more intelligent people I've met in my life were weed smokers. I know people say things like this to make them look dumb, but... just not my experience. |
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If you don't get bogged down by this obsession with "jobs" and "money" and all other things mundane and meaningless, you may find the work done by philosophers to be quite fruitful. And I consider that true for existential and metaphysical philosophers as well as those who analyze less abstract subjects like logic and symbology.
Really, the importance one places on the notion of philosophy, and certainly metaphysics, I think, boils down to the importance one places on the mundane. If you care only about money and other mundane pleasures, of course you will scoff at philosophers. You've set an arbitrary threshold for what defines meaning, that being the limits of your perception, of your static reality. But what is perception, but something radically subjective (by definition not truth)? People like to act like they know the world like the back of their hand -- they know nothing about nothing.
Anyway, I'm a nihilist in many senses. I think knowledge of truth is impossible by definition, at least for us lowly humans. Perception is everything -- and one's perception of the mundane being the only existing reality, the only important reality -- is simply one perception. One interpretation. It's the easiest road to take, so most take it.
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Smoking is a filthy, disgusting habit.
While I support your right to inhale toxic chemicals (as long as others aren't forced to inhale your toxic smoke as well), I also support everyone else's right to tell you that it's fucking disgusting.
Is that how you go through life? People are disgusting for all sorts of reasons. Do I find it prudent or useful to tell them so all the time? Of course not. Some of you sound legitimately angry, which boggles my mind. How do you go through life being so judgmental? I just don't care to be so negative towards people. Live and let live... |
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I smoke. I don't really give a shit if people have a problem with it. There you go -- problem solved. Stop giving a shit.
if you don't care about how you affect others in a professional environment, then i doubt anyone wants to work with you. Haha. I deal with people's BO and stank perfume all the time. Does anyone give a shit? No. At some point, when slaving for other people's profit, you need to worry about yourself and prioritize your own needs. Frankly, I think people who complain about this stuff tend to be total assholes -- the type of people who can't enjoy life because they let everything bother them, and then bombard everyone else with their bullshit. "Oh my god! Someone smells like they smoke cigarettes! Oh my god!" Give me a break... I could understand not caring about what other people think in the street or such, but in a professional work environment? You want to make sure you don't annoy coworkers or even worse, superiors.
Bro, we're not talking about smoking inside an office and blowing it in people's face. Ridiculous. |
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I smoke. I don't really give a shit if people have a problem with it. There you go -- problem solved. Stop giving a shit.
why do you smoke? i smoke cause my girlfriend won't marry me. why do u smoke? LOL. Ummm. Been smoking since I was young I guess, and it stuck. Not a heavy tobacco smoker, a pack a week, only at the office. Mostly a weed smoker... |
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It make more sense for exchange to stay honest. Mtgox blows it big time when Mark can sell the entire business for over 200M but choose to defraud customers.
Bitfinex can probably sell for at least 70M if the volume is true.
Maybe, maybe not. I'm not really in a position to speculate on that. If you feel comfortable holding all your coins on these exchanges, be my guest.  |
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I smoke. I don't really give a shit if people have a problem with it. There you go -- problem solved. Stop giving a shit.
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Its possible to take swap but never pay for it. That's the pb.
Also, since a year ago, we've increased by about 600%. It would be very possible to leverage long on that with a 200% interest rate.
The increase in price would not be a guarantee while the interest costs would be guaranteed. High interest costs like the cost in your example would force a trader to need a large upswing shortly after opening his position or risk gettting a margin call. nobody is going to hold swaps at these rates for a year. every day those swaps eat away at your margin position, and every day your margin call gets higher. If prices go up at a gradual, consistent, pace with few to no downtrends then it would make sense, but no asset price acts this way. This, and more importantly I think, as someone mentioned, exchange risk. Just look at Gox and some of the other exchanges/businesses that have gone belly up or run with customer money. It's still the wild west out here. |
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Thats a shame. I saw an ad on there, but I guess it was a mistake. Checked again, it was gone with some other payment form. I guess cash deposit is the best route right? cause no fees etc. I really only do cash/in-person deals on LBC. Stay off the books, pay no fees to nobody. But yeah, if I were dealing with someone non-local, I would be looking at free online bank transfer / cash teller deposit. Escrow in that case. |
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Was that action on CampBX an API glitch? Or did somebody exploit the trade engine in some way? Pretty sure no one bought it up to $10k. But maybe they wanted to paint the chart that way.  Was only 100 coins. It was ~ 132 from looking at Wisdom. That's likely well over a million bucks on a 132 coins. And CampBX is now offline.  My guess -- someone found an exploit, bought all the coins on the book with fake USD, then made off with as much as they could from the hot wallet. |
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Once upon a time, I overdosed on caffeine. From there, I learnt my lessons about dealing with caffeine.
After that, I lowered down my intake of caffeine to about 180-400 mg per day.
Never heard of a caffeine overdose. I guess I never quite took it to that level, LOL..... now my tolerance must be so high. So what happened when you overdosed? Symptoms? |
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Bull market don't go up in a straight line.
The fallback is to get rid of people with weak hand.
It sure doesnt, everyone is trying to find a reason to push the price up, but still nothing major. You cant actualy predict the market, and even those fallbacks can be simple cashouts, without greather meaning I believe we reach $5500 by the end of the year its clear when you look at chart It's "clear"? LOL, I'm bullish but not blindly so. I'd like to see your chart that makes this so obvious. If the market were this predictable, we'd all be filthy rich by now. Instead, we're all still waiting for bitcoin to take off. |
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Was that action on CampBX an API glitch? Or did somebody exploit the trade engine in some way? Pretty sure no one bought it up to $10k. But maybe they wanted to paint the chart that way. |
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The total $ swaps stay around 29M$, while the bid sum is just below 4M$. Looks so healthy ... not.
But as long as the BTC swaps don't jump, this can continue for a while.
For a while. But how long? Personally, I see a bullish move to the $700s brewing, and I am praying that some of these swaps come down during that time (rather than the opposite, which has been happening --> price goes up OR down, swaps go up). Unfortunately, I think many will see a move like that as confirming the coming of the next bubble, when in fact, we might retest the lows... |
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They don't trust it. They think it could crash at any moment. And you know what? It can. So why hold bitcoin compared to a (relatively) rock-solid USD, Euro, or Renminbi? Tim Draper, as seemingly uninformed as he is, is onto the real issue with his venture.
Certainly, it could crash at any moment. There are still huge risks in this market -- it is still young and untested. The protocol could travel some very rocky roads in the future, and this will be reflected in the price action. |
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