UnholyTrinity
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Activity: 11
Merit: 0
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May 07, 2015, 09:27:15 AM |
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Huge volume on bitfinex at the last "dump" but not much price action. I would say it is kinda bullish.
I think we need an answer to what happened first, at finex yesterday. "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" https://www.reddit.com/r/BitcoinMarkets/comments/353yu8/bitfinex_having_serious_lag_issues_be_very/cr12ouyEverything is okay! Definitely! No, really! We know how to run such a business, we are having massive errors every few months which result in huge losses for our customers and still you stupids send us your money. How could we be wrong. |
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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May 07, 2015, 09:39:15 AM |
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Thx NLC! You're a stand-up guy! |
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inca
Legendary
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Activity: 1176
Merit: 1000
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May 07, 2015, 09:41:16 AM |
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So post dump there are more bids on the order book for us to drop 6 dollars than to buy us all the way back to 258. Longs up a bit. Shorts over 30000.
Come on bulls!
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sAt0sHiFanClub
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May 07, 2015, 09:43:52 AM |
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Looks like almost 30k bitcoin was moved in the last hour with less than 5 dollars slippage.
That's some decent liquidity.
Except that its probably not real. Im guessing there is a trading script gone mad here. As I thought, Alphapoint integration messed up. Integration testing much?  |
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LFC_Bitcoin
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Activity: 3514
Merit: 9499
#1 VIP Crypto Casino
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May 07, 2015, 09:48:23 AM |
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So post dump there are more bids on the order book for us to drop 6 dollars than to buy us all the way back to 258. Longs up a bit. Shorts over 30000.
Come on bulls!
inca do you trade or do you just HODL for the future? No reason, I'm just being nosey. |
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inca
Legendary
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Activity: 1176
Merit: 1000
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May 07, 2015, 09:51:56 AM |
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So post dump there are more bids on the order book for us to drop 6 dollars than to buy us all the way back to 258. Longs up a bit. Shorts over 30000.
Come on bulls!
inca do you trade or do you just HODL for the future? No reason, I'm just being nosey. I trade very sparingly. But i do have about forty coins on finex to gamble with. I buy once a week on circle and have done for months. |
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LFC_Bitcoin
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Activity: 3514
Merit: 9499
#1 VIP Crypto Casino
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May 07, 2015, 09:53:36 AM |
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So post dump there are more bids on the order book for us to drop 6 dollars than to buy us all the way back to 258. Longs up a bit. Shorts over 30000.
Come on bulls!
inca do you trade or do you just HODL for the future? No reason, I'm just being nosey. I trade very sparingly. But i do have about forty coins on finex to gamble with. I buy once a week on circle and have done for months. Good man. |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 07, 2015, 09:57:55 AM |
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lay785
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May 07, 2015, 10:08:50 AM |
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so what happens if you have a keylogger on your computer? |
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_biO_
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May 07, 2015, 10:13:50 AM |
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so what happens if you have a keylogger on your computer? Create encrypted private key on air-gapped machine, copy via USB (or type manually). |
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inca
Legendary
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Activity: 1176
Merit: 1000
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May 07, 2015, 10:18:08 AM |
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so what happens if you have a keylogger on your computer? Create the bip38 address offline with tails or in my case a Chromebook. |
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lay785
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May 07, 2015, 10:21:08 AM |
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so what happens if you have a keylogger on your computer? Create encrypted private key on air-gapped machine, copy via USB (or type manually). 1) Usb keys are known to be capable of having viruses on them even if they are not connected to the internet. As far as I understand the infamous Stuxnet virus operated like that. 2) seems like a massive hassle to type things manually from an air-gapped machine. 3) In my opinion having such concerns kind of ruins the point of purchasing a special BTC hardware wallet. If you need the wallet and additionally need an air gapped machine you may as well just purchase a different hardware wallet that is less of a hassle eg. a trezor or a Case hardware wallet etc I guess it may have the same result but I would pay more to have less steps to perform. a simple solution but a lighter wallet XD |
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inca
Legendary
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Activity: 1176
Merit: 1000
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May 07, 2015, 10:23:18 AM |
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so what happens if you have a keylogger on your computer? Create encrypted private key on air-gapped machine, copy via USB (or type manually). 1) Usb keys are known to be capable of having viruses on them even if they are not connected to the internet. As far as I understand the infamous Stuxnet virus operated like that. 2) seems like a massive hassle to type things manually from an air-gapped machine. 3) In my opinion having such concerns kind of ruins the point of purchasing a special BTC hardware wallet. If you need the wallet and additionally need an air gapped machine you may as well just purchase a different hardware wallet that is less of a hassle eg. a trezor or a Case hardware wallet etc This is multi year cold storage that can be loaded up by qr code into a mobile wallet such as mycelium or manually entered in seconds. The only hassle is creating the bip38 address securely. |
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minerpumpkin
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May 07, 2015, 10:24:12 AM |
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So post dump there are more bids on the order book for us to drop 6 dollars than to buy us all the way back to 258. Longs up a bit. Shorts over 30000.
Come on bulls!
inca do you trade or do you just HODL for the future? No reason, I'm just being nosey. I trade very sparingly. But i do have about forty coins on finex to gamble with. I buy once a week on circle and have done for months. Having 40 coins to "gamble with" sure sound like you still have a pretty nest-egg in cold storage. I bet most people in Bitcoin would be pretty thankful if they had that amount of coins, even at todays' prices! |
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inca
Legendary
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Activity: 1176
Merit: 1000
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May 07, 2015, 10:26:51 AM |
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So post dump there are more bids on the order book for us to drop 6 dollars than to buy us all the way back to 258. Longs up a bit. Shorts over 30000.
Come on bulls!
inca do you trade or do you just HODL for the future? No reason, I'm just being nosey. I trade very sparingly. But i do have about forty coins on finex to gamble with. I buy once a week on circle and have done for months. Having 40 coins to "gamble with" sure sound like you still have a pretty nest-egg in cold storage. I bet most people in Bitcoin would be pretty thankful if they had that amount of coins, even at todays' prices! Depressingly for all concerned 40 coins is a speck compared to what the big specs are playing with  |
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minerpumpkin
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May 07, 2015, 10:31:33 AM |
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So post dump there are more bids on the order book for us to drop 6 dollars than to buy us all the way back to 258. Longs up a bit. Shorts over 30000.
Come on bulls!
inca do you trade or do you just HODL for the future? No reason, I'm just being nosey. I trade very sparingly. But i do have about forty coins on finex to gamble with. I buy once a week on circle and have done for months. Having 40 coins to "gamble with" sure sound like you still have a pretty nest-egg in cold storage. I bet most people in Bitcoin would be pretty thankful if they had that amount of coins, even at todays' prices! Depressingly for all concerned 40 coins is a speck compared to what the big specs are playing with Yeah, you're right... I think it is key though to just hold significant amount of your stash in cold storage, just in case we go to $10k or even higher. It just is amazing how there are often posts like "After x months I finally got my first full Bitcoin" - But keep in mind, not everyone can afford buying a whole one (again, even at todays' prices). |
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lay785
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May 07, 2015, 10:32:54 AM |
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So post dump there are more bids on the order book for us to drop 6 dollars than to buy us all the way back to 258. Longs up a bit. Shorts over 30000.
Come on bulls!
inca do you trade or do you just HODL for the future? No reason, I'm just being nosey. I trade very sparingly. But i do have about forty coins on finex to gamble with. I buy once a week on circle and have done for months. Having 40 coins to "gamble with" sure sound like you still have a pretty nest-egg in cold storage. I bet most people in Bitcoin would be pretty thankful if they had that amount of coins, even at todays' prices! Depressingly for all concerned 40 coins is a speck compared to what the big specs are playing with Well if you trade with 40 coins on a 20x margin you actually have the buying power of 800 coins. So not that depressing after all :p |
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_biO_
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May 07, 2015, 10:33:09 AM |
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1) Usb keys are known to be capable of having viruses on them even if they are not connected to the internet.
As far as I understand the infamous Stuxnet virus operated like that.
2) seems like a massive hassle to type things manually from an air-gapped machine.
3) In my opinion having such concerns kind of ruins the point of purchasing a special BTC hardware wallet. If you need the wallet and additionally need an air gapped machine you may as well just purchase a different hardware wallet that is less of a hassle eg. a trezor or a Case hardware wallet etc
I guess it may have the same result but I would pay more to have less steps to perform. a simple solution but a lighter wallet XD
1) if you need to be that sure, then don't use USB 2) you can't be bothered to type 58 characters manually once for a longterm cold storage solution with (almost) 100% security? 3) trezor or case are something completely different and have other attack vectors |
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lay785
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May 07, 2015, 10:35:47 AM |
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trezor or case have other attack vectors
Oh, what are their weaknesses? I was not aware that a trezor had any ? |
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