Gyrsur
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Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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August 18, 2016, 04:36:50 PM |
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Quick! Somebody post a rocket! Hurry!  does this count too?  |
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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JayJuanGee
Legendary
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Activity: 3710
Merit: 10237
Self-Custody is a right. Say no to"Non-custodial"
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August 18, 2016, 06:20:25 PM |
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Finex now #7 by 24hr. volume.
7 Bitfinex BTC/USD $ 2,273,800 $ 574.71 3.84 % Recently
sad trombone.
At this point, we cannot completely attribute the cause of the loss of volume - yet a fair inference does come from loss of confidence. On the other hand, before the "hack", quite a bit of Bitfinex's volume seemed to have come from margin trading, which appears to have not been re-enabled, yet. |
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oldm8
Newbie
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Activity: 56
Merit: 0
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August 18, 2016, 06:44:12 PM |
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Margin Trading has been active for a while and longs have increased about $2 million in last 7 days shorts are currently about 1.5K btc https://www.bitfinex.com/statsFinex now #7 by 24hr. volume.
7 Bitfinex BTC/USD $ 2,273,800 $ 574.71 3.84 % Recently
sad trombone.
At this point, we cannot completely attribute the cause of the loss of volume - yet a fair inference does come from loss of confidence. On the other hand, before the "hack", quite a bit of Bitfinex's volume seemed to have come from margin trading, which appears to have not been re-enabled, yet. |
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oldm8
Newbie
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Activity: 56
Merit: 0
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August 18, 2016, 06:56:05 PM |
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Thanks for the link - a good read over my coffee. |
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biggus dickus
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August 18, 2016, 07:32:40 PM |
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Margin Trading has been active for the last 6 days. All the API keys were all revoked after the hack, so anyone using a bot has to get new ones to start trading again. After 6 days most bot traders who intend to start using Bitfinex again will have sought new keys, but a few stragglers might rejoin over the coming week and increase the volume a little more. Margin Trading has been active for a while and longs have increased about $2 million in last 7 days shorts are currently about 1.5K btc https://www.bitfinex.com/statsFinex now #7 by 24hr. volume.
7 Bitfinex BTC/USD $ 2,273,800 $ 574.71 3.84 % Recently
sad trombone.
At this point, we cannot completely attribute the cause of the loss of volume - yet a fair inference does come from loss of confidence. On the other hand, before the "hack", quite a bit of Bitfinex's volume seemed to have come from margin trading, which appears to have not been re-enabled, yet. |
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JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10237
Self-Custody is a right. Say no to"Non-custodial"
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August 18, 2016, 07:47:39 PM |
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Remember people, Mt.Gox was manipulated and this is why price skyrocketed. They BTC that was bought was bought with NO FIAT, so it was all artificial.
If you remove this bubble from graph, you can see clearly where BTC is heading. It's clear uptrend. Price wants to go up and it will go up.
Putting too much emphasis on MTGOX for the previous price rise seems to be too much, but I agree with your overall assessment that at this time, there is upwards BTC price pressures. |
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JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10237
Self-Custody is a right. Say no to"Non-custodial"
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August 18, 2016, 07:51:21 PM |
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Margin Trading has been active for a while and longs have increased about $2 million in last 7 days shorts are currently about 1.5K btc https://www.bitfinex.com/statsFinex now #7 by 24hr. volume.
7 Bitfinex BTC/USD $ 2,273,800 $ 574.71 3.84 % Recently
sad trombone.
At this point, we cannot completely attribute the cause of the loss of volume - yet a fair inference does come from loss of confidence. On the other hand, before the "hack", quite a bit of Bitfinex's volume seemed to have come from margin trading, which appears to have not been re-enabled, yet. Oh? It could be that from my account, I cannot access any of the margin trading information - since I have acknowledged within the account that I am a US resident? |
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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August 18, 2016, 08:30:01 PM |
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Strange dump. Too fast after solidly fought retrace, thought it might go bit more before getting sold. Bears are in the charge.
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JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10237
Self-Custody is a right. Say no to"Non-custodial"
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August 18, 2016, 09:38:44 PM |
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Strange dump. Too fast after solidly fought retrace, thought it might go bit more before getting sold. Bears are in the charge.
From the amount of information currently out there regarding price movements and volume, it is way too early to conclude that "Bears are in charge." Unless you happen to be a whale yourself, frequently, you cannot really determine for sure whether support or resistance is real or whether we are merely being "played with." Accordingly, trade volume remains somewhat mediocre, so this baby could blow (from 1% to 10%) in either direction. What's wrong with my current assessment (which admittedly tends to be my broken record assessment almost no matter where we are at... hahahahahaha)? |
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savetherainforest
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August 18, 2016, 11:03:39 PM |
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Strange dump. Too fast after solidly fought retrace, thought it might go bit more before getting sold. Bears are in the charge.
It's a fake dump.  The trend seems to be willing to swallow anything that comes in its path... as cheap as it can be! |
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savetherainforest
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August 19, 2016, 12:57:48 AM |
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I am more concerned about the news that US (NATO) is trying to move those 50 short range nuclear warheads from Turkey's base Incirlik military base to another NATO country military base Deveselu in Romania. Also the kurdish separatists are trying to get more ground and autonomy in south-east Turkey... and feels like Kurdistan might happen as a country in the future. But the only way that might happen is if Turkey gets kicked out of NATO, because it affiliates with Russia and compromises the unanimous voting system in the decision table inside NATO.  BTCitcoin would go wild if a nuke goes off somewhere in a semi-western country... Black swan event incoming?  |
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BlindMayorBitcorn
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Activity: 1260
Merit: 1115
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August 19, 2016, 01:02:26 AM |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 19, 2016, 01:33:09 AM |
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http://bitcoincharts.com/markets/look at that itbit's 24 hour volume is more than double anyone else's in 30days itbit might turn out to be the chart to look at.
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ImI
Legendary
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Activity: 1946
Merit: 1019
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August 19, 2016, 02:18:14 AM |
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true itBit seems to take the center spot and fills the gap that Finex left
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 19, 2016, 04:03:17 AM |
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yefi
Legendary
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Activity: 2842
Merit: 1511
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August 19, 2016, 04:07:06 AM |
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 Gold is limited, so is Bitcoin. Love that graph. It speaks volumes. With a megaphone. A 10-year chart, set conspicuously to gold's bull run, squeaks rather than roars. Present a 100-year chart and we can talk about toppling the walls of Jericho. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 19, 2016, 04:24:52 AM |
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August 17, 2016
...bla bla bla bla...
We are actively engaged with efforts to convert certain qualifying token-holders to shareholders of Bitfinex and to redeeming the remaining BFX tokens through a combination of new capital and earnings.
...bla bla bla bla....
We will continue to provide further updates as and when we are able.
The Bitfinex Team
well they post much better announcements than MTGOx ever did.. but they are very unclear about the BFX token and its meaning... "qualifying token-holders" will become "shareholders of Bitfinex" wtf man wtf. |
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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August 19, 2016, 08:22:52 AM |
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I am more concerned about the news that US (NATO) is trying to move those 50 short range nuclear warheads from Turkey's base Incirlik military base to another NATO country military base Deveselu in Romania. Also the kurdish separatists are trying to get more ground and autonomy in south-east Turkey... and feels like Kurdistan might happen as a country in the future. But the only way that might happen is if Turkey gets kicked out of NATO, because it affiliates with Russia and compromises the unanimous voting system in the decision table inside NATO. BTCitcoin would go wild if a nuke goes off somewhere in a semi-western country... Black swan event incoming? They're likely moving their nukes due to what happened a few weeks ago with Turkey sending their troops to "inspect" that base. Basically they are not well enough equipped to stop an army from taking all of the nukes, so they're moving to a more stable country. |
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BathSaltsDealer
Member
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Activity: 88
Merit: 10
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August 19, 2016, 10:40:53 AM |
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They're likely moving their nukes due to what happened a few weeks ago with Turkey sending their troops to "inspect" that base. Basically they are not well enough equipped to stop an army from taking all of the nukes, so they're moving to a more stable country.
Never mind about that. Right now we need to get both of my cars out of this bad neighborhood, allright? Come on. |
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