Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[aztecminer]

"Withdrawal processing has been restored to normal, withdrawals should all be processed shortly."

Not really.People, including yours truly, still have problems withdrawing from Bitfinex.For some dubious reason my account's USD balance on exchange is -18$(negative) even though my BTC balance on exchange is in the thousands of USD. Any withdrawal attempt is automatically canceled for this reason: "Negative balance on wallet exchange".
Please don't full GOX on us bitfinex, pleeeeease.

that sounds very strange.. you can't send your btc to someplace ?? everyday we are hearing more craziness going on at bitfinex.  

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[JimboToronto]

"Withdrawal processing has been restored to normal, withdrawals should all be processed shortly."

Not really.People, including yours truly, still have problems withdrawing from Bitfinex.For some dubious reason my account's USD balance on exchange is -18$(negative) even though my BTC balance on exchange is in the thousands of USD. Any withdrawal attempt is automatically canceled for this reason: "Negative balance on wallet exchange".
Please don't full GOX on us bitfinex, pleeeeease.

Seriously,you leave "thousands of USD" in BTC on an exchange You mention Gox,sooo you have learned nothing from that

Wow 

NEVER leave BTC on an exchange...unless of course you don't care if you lose it all 

But people predominantly use Bitcoin for trading which necessitates leaving funds on an exchange,and preferably one with the highest liquidity. Bitfinex had the highest USD/BTC liquidity before their system went haywire so if you wanted to trade there you had to gamble it wouldn't Gox you. If nobody left funds on exchanges there would be no trading and Bitcoin would have almost no value. Until we get decentralized exchanges we're stuck with he present state of affairs.

Leaving fiat on exchanges is one thing. Leaving bitcoins is another.

Fiat transfers cost money and take days. Bitcoin transfers cost almost nothing and take minutes.

No one can Gox what's safely in a paper wallet.

[HI-TEC99]

"Withdrawal processing has been restored to normal, withdrawals should all be processed shortly."

Not really.People, including yours truly, still have problems withdrawing from Bitfinex.For some dubious reason my account's USD balance on exchange is -18$(negative) even though my BTC balance on exchange is in the thousands of USD. Any withdrawal attempt is automatically canceled for this reason: "Negative balance on wallet exchange".
Please don't full GOX on us bitfinex, pleeeeease.

Seriously,you leave "thousands of USD" in BTC on an exchange You mention Gox,sooo you have learned nothing from that

Wow 

NEVER leave BTC on an exchange...unless of course you don't care if you lose it all 

But people predominantly use Bitcoin for trading which necessitates leaving funds on an exchange,and preferably one with the highest liquidity. Bitfinex had the highest USD/BTC liquidity before their system went haywire so if you wanted to trade there you had to gamble it wouldn't Gox you. If nobody left funds on exchanges there would be no trading and Bitcoin would have almost no value. Until we get decentralized exchanges we're stuck with he present state of affairs.

Leaving fiat on exchanges is one thing. Leaving bitcoins is another.

Fiat transfers cost money and take days. Bitcoin transfers cost almost nothing and take minutes.

No one can Gox what's safely in a paper wallet.

Market moves can happen very quickly and it can take an hour to send coins to an exchange and wait for six confirmations. By the time your coins show up in your exchange account a market move can be over. If your coins are in your exchange account you can take advantage of a market move quickly but run the risk of the exchange going haywire.

[ChartBuddy]

Coin
Explanation

[LFC_Bitcoin]

Coin
Explanation

Going up!
It seems the trolls calling out the demise of bitcoin are left disappointed yet again. The double digit coins promised do not materialise & we bounce back as expected. Stop doing it to yourselves guys, it isn't healthy.

[AirFlame]

Coin
Explanation

Going up!
It seems the trolls calling out the demise of bitcoin are left disappointed yet again. The double digit coins promised do not materialise & we bounce back as expected. Stop doing it to yourselves guys, it isn't healthy.

Seems to me like a bear trap. Will wait if it will go over $230 and not fall down tomorrow at 6AM

[aztecminer]

Coin
Explanation

Going up!
It seems the trolls calling out the demise of bitcoin are left disappointed yet again. The double digit coins promised do not materialise & we bounce back as expected. Stop doing it to yourselves guys, it isn't healthy.

sorry... i'm not calling double digits but i aint going to be bullish either. because of bitfinex i am total bearish. people reporting negative balances can't even do withdrawals from there and expect us to be bullish..

[Fatman3001]

"Withdrawal processing has been restored to normal, withdrawals should all be processed shortly."

Not really.People, including yours truly, still have problems withdrawing from Bitfinex.For some dubious reason my account's USD balance on exchange is -18$(negative) even though my BTC balance on exchange is in the thousands of USD. Any withdrawal attempt is automatically canceled for this reason: "Negative balance on wallet exchange".
Please don't full GOX on us bitfinex, pleeeeease.

Seriously,you leave "thousands of USD" in BTC on an exchange You mention Gox,sooo you have learned nothing from that

Wow 

NEVER leave BTC on an exchange...unless of course you don't care if you lose it all 

But people predominantly use Bitcoin for trading which necessitates leaving funds on an exchange,and preferably one with the highest liquidity. Bitfinex had the highest USD/BTC liquidity before their system went haywire so if you wanted to trade there you had to gamble it wouldn't Gox you. If nobody left funds on exchanges there would be no trading and Bitcoin would have almost no value. Until we get decentralized exchanges we're stuck with he present state of affairs.

Leaving fiat on exchanges is one thing. Leaving bitcoins is another.

Fiat transfers cost money and take days. Bitcoin transfers cost almost nothing and take minutes.

No one can Gox what's safely in a paper wallet.

Market moves can happen very quickly and it can take an hour to send coins to an exchange and wait for six confirmations. By the time your coins show up in your exchange account a market move can be over. If your coins are in your exchange account you can take advantage of a market move quickly but run the risk of the exchange going haywire.

Besides, there's a huge difference between Gox's problems and the minor hiccups we've seen from Bitfinex and Bitstamp.

I always hate it when people come, after the fact, to the forum to tell people how dumb they were to not see some market movement in advance. But with Gox people should have smelled the fuse.

And a lot of people did. Gox had problems with fiat withdrawals for more than six months before it went bust. That's why they traded 10-20% above the rest of the market. Even when they halted BTC withdrawals some 'happy go lucky' traders were willing to buy goxcoins in exchange for real BTC.

Every bank, trading platform and other financial institution on the planet have glitches and weaknesses they have to iron out as they go. But at least these others can time their maintenance to weekends, closing hours or holidays. BTC exchanges are expected to work non-stop all day all week all year. That's not really realistic. Downtime is to be expected.

That's not to say that they can't go belly up. Just that some of these technical difficulties could be, well, technical difficulties.

[TReano]

Besides, there's a huge difference between Gox's problems and the minor hiccups we've seen from Bitfinex and Bitstamp.

People on Finex have several times reported now:

-randomly opening /closing of positions.
-having positions with 2x the max margin
-Unable to trade for hrs.
-Super laggy engine which makes it essentially impossible to trade in high volume times. Just like Mt. Gox was.


What else do you need? That's more then just a hick up.

[AirFlame]

Besides, there's a huge difference between Gox's problems and the minor hiccups we've seen from Bitfinex and Bitstamp.

People on Finex have several times reported now:

-randomly opening /closing of positions.
-having positions with 2x the max margin
-Unable to trade for hrs.
-Super laggy engine which makes it essentially impossible to trade in high volume times. Just like Mt. Gox was.


What else do you need? That's more then just a hick up.

GOX was shit written exchange. When You was logged in You could see Your password in http:// link. So please dont compare bitfinex to gox... GOX was shit that was hacked by people long time ago. And karpels is a fucking thief and his cat.

[LMGTFY]

Besides, there's a huge difference between Gox's problems and the minor hiccups we've seen from Bitfinex and Bitstamp.

People on Finex have several times reported now:

-randomly opening /closing of positions.
-having positions with 2x the max margin
-Unable to trade for hrs.
-Super laggy engine which makes it essentially impossible to trade in high volume times. Just like Mt. Gox was.


What else do you need? That's more then just a hick up.

I think it's pretty unacceptable.

But I also don't think it's comparable to MtGox - yet. Bitfinex's trading engine is obviously not adequate at high volume times, and all of the issues above seem to stem from that (seem to - I'm not ruling out that this could be a Gox-style scam). MtGox showed other symptoms - a widening disparity between prices on Gox and other exchanges and several weeks' worth of withdrawal problems are the ones I remember, there may have been more.

Don't get me wrong - I'm avoiding Bitfinex for now, and my risk-assessment in future will take the recent trading suspensions into account. It's just that I think it's too early to call a Goxing.

[abercrombie]

are we rich yet?? 

[Callahan]

Core Vs XT
XT   - 82 (31.7%)
Core   - 129 (49.8%)
IDK   - 48 (18.5%)

Total Voters: 259

Core #1

[Callahan]

are we rich yet?? 

[img]https://i.imgur.com/tXezYaU.gif [ /img]

Come here on the next match

[noobtrader]

well 230 passed with little resistance  

i guess we will have some pump, just like kim says...  

btw lot of new development in bitcoin meganet, factom, augur... wow...   im sure we will reach 1000usd next year

[ChartBuddy]

Coin
Explanation

[aztecminer]

Besides, there's a huge difference between Gox's problems and the minor hiccups we've seen from Bitfinex and Bitstamp.

People on Finex have several times reported now:

-randomly opening /closing of positions.
-having positions with 2x the max margin
-Unable to trade for hrs.
-Super laggy engine which makes it essentially impossible to trade in high volume times. Just like Mt. Gox was.


What else do you need? That's more then just a hick up.

not mentioning flash crashes and freezing up every time margins are called... people who believe they arent able to withdraw because of a technical glitch .. sure .. bitfinex is the "too big too fail" exchange is what is going on here . i am staying bearish simply because i have lost trust in bitcoin because i am not buying into bitfinex problems.

[Elwar]

My wire transfer I started on Friday finally gets to the exchange today???

F*%king banks.

[Bitdoc]

Hi everyone.
Will we see BTC under 200$ this year again?

[Feri22]

Core Vs XT
XT   - 82 (31.7%)
Core   - 129 (49.8%)
IDK   - 48 (18.5%)

Total Voters: 259

Core #1

"It is not over till it's over..." - Rocky Balboa