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There is a large triangle formed during the last 4 weeks, it should break one way or another in less than a week.
If it will break up, it won't go far IMO, but could form the wave 1 of a new rally.
But if it will go up nicely, close to 750$, then correct, then this would be very bullish IMO.
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monkey is looking for downside through next sunday, roughly. also bearish through at least mid-September. supports are 561, 537, 490, 444, 224
BAhahahahaha 444, 224!!!!! your monkey will turn bullish as fuck again when we find bottom at 520 444$ is a possibility, I have bids in that area on Kraken. But 224? Aminorex, are you sure your monkey isn't actually a bear?  |
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You don't have to login to see announcements, the last one is from August 10th. LTC withdrawals are enabled now, this seems to be new.
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I just checked and for me it's functional, I was able to use the dust I still have there to trade BFX.  |
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OP, you should have thought longer about the consequences of opening this thread. The cheesy smilies don't belong in a discussion about Buddhism.
To understand (to a small extent) Buddhism, the ones you ask an opinion of, should read some of the Tipitaka and practice some Samatha and Vipassana.
There are some who will insult or disparage the Triple Gem, out of ignorance and ill will. This will bring bad kamma for them, is this what you wanted?
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Verify: OKcoin get fined by The Higher People's Court of Heilongjiang Province,the judge is finished at July 14th,and put online at July 29th.This judge is beyond most people's awareness because the company and and other peer companies didn't want to spread the news until today(20160813) The Securities Times(in Chinese is 证券时报）criticized that blockchain trading should be subject to legal supervision by describing a recent case in a passage without naming the defendant is OKcoin.
As we all know,Chinese authority’s attitude towards bitcoin is restricting the use and prohibiting bitcoin links to the Substantial Economy.Since this judge is the first judge that the major Chinese bitcoin exchange is the defendent,we can get some real concerns of the athority by analyzing the judgments.
○The business on OKcoin is illegal
"Lekuda company’s main business is OKCOIN ,which is a virtual currency exchange.It provides customers with a web space to exchange virtual assets and it profits by charging its clients fees (0.2%-0.4%) . Its dealings in accordance with the the 22nd Case of Network Management of Transactions (in Chinese 《网络交易管理办法》. According to this law,if the company wanted to provide online trading business,it should register at the administration of Industry and Commerce and get a business license.Lekuda company registered business scope only include such areas:technology development, transfer of technology, technical services, technical marketing, consulting and investment management.Trading bitcoin for profit-making purpose is beyond the range permitted by the administrative authorities . "
→ It shows OKcoin runs the business without approval
○OKcoin(it refers to okcoin.cn) is not recorded at the Telecommunications authorities of China "To the end of the trial, Lekuda failed to provide related materials recorded at the Telecommunications Authority registration .The address/domain name record information is not stamped with the seal of the Department, and it could not prove its effectiveness "
→In China,every online service provider should be registered at the Telecommunications authorities. It shows OKcoin lacks the recorded approval documents ,so it cannot provide online service in mainland China
○OKcoin failed to strictly review the real names of every user,which makes it easy for money washing by bitcoin This case is caused by a criminal utilizing the loose review of user's real names in OKcoin .The criminal first cheated a company a large sum of money(12 million RMB,or 1.8 million US dollars),then used ID cards bought online to open up an acounts at OKcoin,at last used the money to buy Bitcoins and withdrawed in Macao.
→Since the Chinese authorities prohibited any third-party payment services linking to bitcoin trading in 2014,the exchanges in China had to use the the accounts of its employee or other companies,a loose review of the real names increase the risk of money laundering,which the Chinese authorities would not like to see.They are afraid of the money flee from China. https://www.reddit.com/r/Bitcoin/comments/4xjtcw/okcoin_fined_by_chinese_court_for_helping/Thank you, this is something to keep an eye on. It could turn very bearish if Chinese authorities would decide to shut down the mainland exchanges.  |
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I have a feeling that early in the week when all the password restrictions on bfx are expired, everyones gonna be putting their dollars into btc to get them the hell out of there. surely this will push us back up to near 700
Umm... no. The restrictions didn't apply this time, and many have already left. The bid side is now about 10x smaller than before the "hack", the ask side about 8x smaller. So Buttfiness is irrelevant now... |
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Buttfiness foiled my plan to gtfo via LTC (still not enabled LTC withdrawals) so I had to buy BTC and withdraw, which just completed the transfer to Kraken.
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Withdrawal option still not available for BTC  Or other crypto... In the end I bought LTC and will move to Kraken ASAP. Withdrawal is open now...just waiting on my e-mail. No withdrawals yet... Fuck... Your account is currently on withdrawal hold. All withdrawals will be held in a Pending Approval state until the hold is lifted. The most common triggers of a withdrawal hold are account password changes and the changing of certain security settings. Please contact support@bitfinex.com with questions or concerns. This hold will be lifted at August 13, 2016 14:31. In other words...everyone's trying to withdraw! Stop before we have no more money! Yeah, but my reason to buy LTC for withdrawal was that no LTC were stolen, as opposed to the 120k BTC missing. So there should be more LTC actually available for withdrawal ASAP. |
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Withdrawal option still not available for BTC Or other crypto... In the end I bought LTC and will move to Kraken ASAP. Withdrawal is open now...just waiting on my e-mail. No withdrawals yet... Fuck... Your account is currently on withdrawal hold. All withdrawals will be held in a Pending Approval state until the hold is lifted. The most common triggers of a withdrawal hold are account password changes and the changing of certain security settings. Please contact support@bitfinex.com with questions or concerns. This hold will be lifted at August 13, 2016 14:31. |
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Withdrawal option still not available for BTC Or other crypto... In the end I bought LTC and will move to Kraken ASAP. |
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Price is coming back.
$666 soon after Bitfinex comes back up.
More like new ATH on BFX, if others will do the same as me...  |
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how the F thinks bitfinex is worth 1billion?
6 poeple have voted for this option lol
You should have added a negative value option. Without it I had to vote less than 9 million... |
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Latest from zanetackett: Losses will be shared among btc holders and those with USD backing BTCUSD margin positions. It is not clear if by margin positions they mean only longs or also shorts (in which case  ). |
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Whole bunch of people gonna get wrecked!
Mat, since you still haven't figured out how this market works, the last move was to secure a $500 floor. The downside potential now is about non-existent. We are due to test that $500 mark This is all I asked for  |
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