Fing bullish again lots of volume, with relatively no big movement on itBit. candles clearly show a large amount of support for this price. It looks as tho someone is dumping into a bottomless pit. (maybe bottomless pit is the wrong wording... ) However we aren't seeing the same increased volume on bitstamp or coinbase. last night i reply to a thread titled -Bitcoin at $574.06 where are we heading to?- with this: i think a bit of a down turn at this point would be healthy and normal, considering the circumstances... but if market paints a couple more of these and i'll be Fing bullish again  So ya... I am now "Fing bullish again", but will carefully and slowly incress my cheep coin target & prediction. Last time i though the halving might bring a second leg down. This time i was thinking bitfinex exploding would bring a second leg down. I suck at predicting the future, but i believe we might see some movement when bitfinex returns to full operations, which i now believe can and probably will happen soon. To all tho that had funds on bitfinex, sorry for your 36% loss... Adam's prediction: chances of another leg down seem to be getting lower and lower, we may be in the clear and ready for the push back above 599, and then >690 in 3-8 weeks. Adam's Cheap Coins Target: 520 |
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this is impressive. i am impressed. |
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will bitfinex users accept a generalized loss percentage of 36.067% across all accounts and assets. or will we see a class action soon? bitfinex says: This is the closest approximation to what would happen in a liquidation context. which seems like a fair statement. plus with their proposal bitfinex is fully back up and running soon, allowing users to access their funds right away. i'm betting this arrangement will stick. |
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 i can't quite tell if this is NLC IMO a fully successful bitcoin fork that brings about change and progress, and displaces cores monopoly, would be ultra bullish. the chances of this thing succeeding are very slim but why not take a min to answer some polls click it -> https://btcfork.consider.it/ -> make accunt quiclky show your approval or disaporval You are pretty delusional if you really believe any kind of contentious hard fork is bullish in any kind of way... Such a proposal is not logical, and that is one thing that the Ethereum hardfork should teach - especially, when you calculate something to be less controversial/contentious than it ends up being. 2D thinking is fine. but think outside the box for a min if bitcoin is better off going that direction and the fork does end up becoming bitcoin then we are better off with it. and if bitcoin isnt better off going that direction, this fork is about as meaningful to us a new pointless altcoin. now I've repeated this over and over... i do not think they will success at delivering a better product then core and so will not be able to convince poeple that it is indeed better, when it clearly wont be. but we'll see i could be wrong about that. It has always been my opinion that forks are good, and an important aspect to bitcoin's development / evolution. Its wonderful how a user could be afk for a year, bitcoin could completely change without his knowledge and then he could come on the network and do a TX as he has always done and it will be accepted. |
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Update Aug 5, 16:00 UTC We received reports that phishing emails are being circulated from an address made to appear to be a @bitfinex.com email address. The email is in fact sent from @ibitfinex . com (note the additional i). We like to stress this is not a message sent out by Bitfinex and we advise anyone that has received this email or any similar email to delete it immediately. Do not open the attachments and if you have opened the attachments do a full virus scan of your computer. In case users receive emails in relation to Bitfinex and have doubts about the validity of the message received, please always feel free to send an email to support@bitfinex.com and we will be happy to confirm if we did or did try to contact you. The phishing email contains this text, THIS IS NOT FROM BITFINEX! We apologize to you for our inconveniences appeared in result of security incident. We intensively work with the law enforcement agencies to find out guilty people to make answer. In near future our website will be restarted. We will strive to keep you as informed as we can
Unfortunately, our losses have a big scale. So, we cannot return you a total sum of lost money.
But we propose a solution.
We are planning to set electronic bonds which will let you claim for dividend payment from the common benefit of our company. You will receive the percentage of dividends, equal to the sum of lost funds.
If you accept our offer, please, check your personal information carefully, fill in the Application for refund and send it back to us.
Thank you for understanding and support.
The Bitfinex Team Again, THIS IS NOT FROM BITFINEX, it is an imposter sending phishing emails. We will continue to post details about any such attacks as we have them.  |
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Adam, you ran the old thread. You have any idea what happened to Crumbs? I liked that guy.
he forked off. become a PPC manipulator when we bubble topped to 266. |
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Since we're already off-topic (  ) It's Lauda. I don't think it's any secret he's been trying to tidy up this dive. It's a breeding ground for the corruption of innocents, and germs. altho you strike me as a nut case. i do believe your post should never get deleted simply because you appear to be honest in your nuttyness which is often entertaining and more often though provoking. you tickle my noodle, why why why would i ever delete anything you say. you know what we need??? a decentralized Wall Observer with AI mods which automatically delete and moderated NLC excessive trollishnes. @ NLC we love you, please log into NotLampChops ( altho i guess that account has been permen!@(#*tly banned ?? ) and stay on that one account. dude i am durnk what do you expect? its flag day! |
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*NLC rambling? i didnt catch that....*
I think it's a bot. I can't even say the word 4ltc0in and get away with it. This actually reminds me of the time I found that old kick-drum by the highway... Remember that? the level of moderation has been higher then before... maybe there is a new ( more simply more ) mods at this time. please mods this thread is meant to be die hard bitcoin speculators saying whatever the fuck they want, let us do this... ( but delete all of NLC's posts ) |
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thinking long long term:
bottom line blockchain is the future
bottom line bitcoin is the first blockchain based currency
bottom line it will be much more valuable in the future, if for no other reason then its of its limited supply along with its historical property.
"mooning" is only a matter of time and degree of success bitcoin archives as staying #1 crypto
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i think a bit of a down turn at this point would be healthy and normal, considering the circumstances... but if market paints a couple more of these and i'll be Fing bullish again |
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Buy now, or wait for the weekend dip?
i'm waiting for a dip, but i dont NEED to buy.... i will survive the coming fiat melt down  |
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i can't quite tell if this is NLC IMO a fully successful bitcoin fork that brings about change and progress, and displaces cores monopoly, would be ultra bullish. the chances of this thing succeeding are very slim but why not take a min to answer some polls click it -> https://btcfork.consider.it/ -> make accunt quiclky show your approval or disaporval
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i'm starting to loss confidence in that bearish prediction
can't be too long now.
Finex should announce their plan sometime in next 3hrs good to know. i can't help but think "whatever they say it would stop the class action law suite." or idk... i guess it all depends on how big the loss will be their customers and how bitfinex chooses to handle it. |
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hehehehehe
this fork is set for 3-6 months form now.
so in bitcoin land that mean 9-infinity months from now, aka SOONTM!
idk why but i think they will fail. right now they seem extremely disorganized, no real solid plan, everyone has there own ideas.
its interesting to watch tho.
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05 Aug 2016 at 12:09 AM (UTC)
We are still working out the details so nothing is set in stone, however we are leaning towards a socialized loss scenario among bitcoin balances and active loans to BTCUSD positions. The numbers being quoted are erroneous as nothing has been decided as of yet and we are still in the process of settling positions and balances. More details are to follow tomorrow along with a FAQ answering most of the questions we have been asked over the past couple days. erroneous loss or erroneous amount of bitcoin available to "socialize" the loss. if bitfinex held ~230K BTC everyone gets a 50% hair cut We NEED a rough estimate of bitfenix's total BTC holdings this info is simply not available here we go some conjecture.... https://www.reddit.com/r/Bitcoin/comments/4md665/coinbase_may_have_lied_about_the_number_of/Coinbase is now storing 'about 10% of all bitcoin in circulation'. you'd think bitfinex had a similar amount of coins? right? so like ~1.5million coins everyone gets a ~10% hair cut? wouldn't that be lovely An ibtimes story quotes Charles Hayter estimating that 20% of all funds were lost, provided it had double the coins on deposit compared to last year. The story says the hack in May last year lost it 1,459 BTC which represented 0.5% of all customer deposits. If Bitfinex had the same number of coins deposited this year then the hack might have lost it 41% of all customer deposits. http://www.ibtimes.co.uk/hong-kong-bitcoin-exchange-bitfinex-reports-65m-btc-stolen-by-hackers-1573968Charles Hayter, CEO and founder of CrytoCompare told IBTimes UK: "It is not clear on what the capital buffers are at Bitfinex, although if we take last year's figures of 300,000 bitcoin and apply a generous doubling, we can speculate that 20% of all funds have been lost. Bitfinex was hacked last year in May when 1,459 bitcoins were lost. Their hot wallet system for customer deposits was breached, which at the time represented 0.5% of all customer deposits. Bitfinex subsequently teamed up with BitGo to implement individual multi signature wallets for users. if weekly USD/BTC volume is any indication of the total amount of BTC they held i'd say a doubling from last years 300K BTC total holdings(600K BTC) is beyond generous past few month of USD/BTC volume seems fairly consistent with last years USD/BTC volume. |
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05 Aug 2016 at 12:09 AM (UTC)
We are still working out the details so nothing is set in stone, however we are leaning towards a socialized loss scenario among bitcoin balances and active loans to BTCUSD positions. The numbers being quoted are erroneous as nothing has been decided as of yet and we are still in the process of settling positions and balances. More details are to follow tomorrow along with a FAQ answering most of the questions we have been asked over the past couple days. erroneous loss or erroneous amount of bitcoin available to "socialize" the loss. if bitfinex held ~230K BTC everyone gets a 50% hair cut We NEED a rough estimate of bitfenix's total BTC holdings this info is simply not available here we go some conjecture.... https://www.reddit.com/r/Bitcoin/comments/4md665/coinbase_may_have_lied_about_the_number_of/Coinbase is now storing 'about 10% of all bitcoin in circulation'. you'd think bitfinex had a similar amount of coins? right? so like ~1.5million coins everyone gets a ~10% hair cut? wouldn't that be lovely |
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05 Aug 2016 at 12:09 AM (UTC)
We are still working out the details so nothing is set in stone, however we are leaning towards a socialized loss scenario among bitcoin balances and active loans to BTCUSD positions. The numbers being quoted are erroneous as nothing has been decided as of yet and we are still in the process of settling positions and balances. More details are to follow tomorrow along with a FAQ answering most of the questions we have been asked over the past couple days. erroneous loss or erroneous amount of bitcoin available to "socialize" the loss. if bitfinex held ~230K BTC everyone gets a 50% hair cut |
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 from a reddit post so market was moving hours before or after the coins moved? i'm not sure i see a correlation coinbase fud was full on during the selling also bitfinex said they lost 119K not 180K the two smaller moves are probably just normal random movements and unrelated? |
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Furthermore, in order to compute losses for relevant parties, settlement of all financed positions will occur in all accounts. Margin positions for all pairs will be settled and closed using the following prices their closing shop. |
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