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

[BlindMayorBitcorn]

I think that the punchline for bitfinex is coming up with a plan that seems plausible and will attempt to minimize the loss of confidence in them.

I don't think there is any loss in confidence. On the contrary, Director Zane Tuckett stepped up to the plate and hit one right outta the ballpark with his honest, direct straight-up low-down. Me and ...other like-minded individuals who are not me have personally upvoted all of his posts.

Confidence and enthusiasm, ladies and germs, ha ha! We're practically giving them away. Hell, we ARE givin' 'em away! How do we do it? Volume! Volume!

Remember how people used to trade Gox coins? There must be a way to do this with BFX?

How much y'all think a BFX BTC is worth now?

'Bout tree fiddy?

[1715419345]

1715419345

[1715419345]

1715419345

[1715419345]

1715419345

[1715419345]

1715419345

[Tzupy]

http://www.coindesk.com/bitcoin-bitfinex-socialized-loss-uncharted-waters/

[JayJuanGee]

I think that the punchline for bitfinex is coming up with a plan that seems plausible and will attempt to minimize the loss of confidence in them.

I don't think there is any loss in confidence. On the contrary, Director Zane Tuckett stepped up to the plate and hit one right outta the ballpark with his honest, direct straight-up low-down. Me and ...other like-minded individuals who are not me have personally upvoted all of his posts.

Confidence and enthusiasm, ladies and germs, ha ha! We're practically giving them away. Hell, we ARE givin' 'em away! How do we do it? Volume! Volume!

Remember how people used to trade Gox coins? There must be a way to do this with BFX?

How much y'all think a BFX BTC is worth now?

Maybe around .4BTC, but after the clarification statement from Bitfinex, the value should go up and will be about equivalent to the amount of the shave, approximately.

[UngratefulTony]

JJG, you're such a cuddly and credulous creature. Giving these guys the benefit of the doubt after they forced themselves on you like a dogecoin kingpin from Bristol...

I was thinking... perhaps... this is actually good for Bitcoin!

1) The fallout from a bankrupt Bitfinex will probably do less damage than if those $40 million of leveraged longs were caught up in a cascading margin call.

2) 120k BTC off the market, very dangerous to deposit it into a fiat interfacing exchange, at least any time soon and in any significant quantity.

3) The main option to short BTC for westerners is now gone. Back to the good 'ol days of clean buying and selling.

4) The event creates a chilling effect on sending BTC anywhere... lessening the need for any kind of maxblocksize increase! Status quo baby!

So, chin up guise!

[JimboToronto]

Seems like the order book at stamp is finally starting to fill a tiny bit. 20 coins used to be a big bid or ask and now we're seeing asks in the hundreds.



The asks are considerably higher than the bids at this point but that's probably because of the time it takes to transfer fiat while some people who lost trading coins at finex are cracking open their paper wallets to start trading again. Some people who already had fiat at stamp may have pulled their  bids to buy before the price rises much more.

I expect we'll see more fiat coming in when the banks open next week.

[JayJuanGee]

JJG, you're such a cuddly and credulous creature. Giving these guys the benefit of the doubt after they forced themselves on you like a dogecoin kingpin from Bristol...

I was thinking... perhaps... this is actually good for Bitcoin!

1) The fallout from a bankrupt Bitfinex will probably do less damage than if those $40 million of leveraged longs were caught up in a cascading margin call.

2) 120k BTC off the market, very dangerous to deposit it into a fiat interfacing exchange, at least any time soon and in any significant quantity.

3) The main option to short BTC for westerners is now gone. Back to the good 'ol days of clean buying and selling.

4) The event creates a chilling effect on sending BTC anywhere... lessening the need for any kind of maxblocksize increase! Status quo baby!

So, chin up guise!

I doubt that I am giving them any more benefit of the doubt than they deserve.  I am just quite hesitant to assume a bunch of negative facts based on worse case scenarios (such as you tend to do) and then extrapolate based on those worse case scenarios.  Sure, the worst case scenarios could be true, but I think that it is imprudent for anyone to base their whole approach in life based on worse case scenarios actually being true.

There is an expression that could be applied here, and that is to prepare for the worst and hope for the best... so in that case, we do prepare for the possibility of the worst case scenario, yet we do not treat that worst case scenario as if it had a 100% chance of occurring  -- o.k. Lambie,,,,,,, aka.. you fucking trolling / fearmongering goofball.

[DaRude]

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

[adamstgBit]

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.

[DaRude]

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.

Think unless they make everyone whole there will be legal actions regardless which path they choose.

[savetherainforest]

Oh... God... them sh!tcoins making my comments disappear...  

Ok... lets try this again:

I love how the kid doing PR for Bitfinex is now saying the hack will only impact BTC balances, and those with USD used in a BTC margin position.

"A coin that shall not be named!!!", "A coin that shall not be named!!!", "A coin that shall not be named!!!", and pure USD clients get away without a scratch! lol.  

That could be true... especially if they don't assume responsibility for the theft and throw all the BTC thieved users under the buss. With the promise that they will track and sanction any transaction with provenience from the theft or descendant from the theft.

*Edit: This could basically set a precedent for all the black listed transaction to be put under scrutiny and surveillance. Hence the coins to be worthless and 100% probably confiscated in some unknown future transaction.

Better? Almighty forum God??  

[adamstgBit]

 
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

[Dafar]

Buy now, or wait for the weekend dip?

[adamstgBit]

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 

[bigfryguy]

JJG, you're such a cuddly and credulous creature. Giving these guys the benefit of the doubt after they forced themselves on you like a dogecoin kingpin from Bristol...

I was thinking... perhaps... this is actually good for Bitcoin!

1) The fallout from a bankrupt Bitfinex will probably do less damage than if those $40 million of leveraged longs were caught up in a cascading margin call.

2) 120k BTC off the market, very dangerous to deposit it into a fiat interfacing exchange, at least any time soon and in any significant quantity.

3) The main option to short BTC for westerners is now gone. Back to the good 'ol days of clean buying and selling.

4) The event creates a chilling effect on sending BTC anywhere... lessening the need for any kind of maxblocksize increase! Status quo baby!

So, chin up guise!

my thoughts exactly... there was never going to be a another moon run with so many long positions in BTC, now that they are whiped its back to business as usual.

[savetherainforest]

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  

But maybe this then??  

[adamstgBit]

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  

[DaRude]

5..4..3..2.. 

[Lionidas]

Oh... look... the volatility is sh!t... not even a clean 2$ ... its like 1.2$ - 1.3$ .. absolute unsatisfactory!! ...  It will blow so hard... I'm going to prepare my  coffee, fine butter my popcorn and salt it properly for this "très magnifique du jour..."

I know what you mean! 
Just seen all these odd increase not even a big amount either.
I don't see it reaching past $600 anytime soon at this rate. 

[adamstgBit]

*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 )

[BlindMayorBitcorn]

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.