AlexGR
Legendary
 Offline
Activity: 1708
Merit: 1049
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December 10, 2017, 03:38:41 PM |
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Welp, taking a vacation from cash trading since kraken is unusable. Withdrew all assets. Damn shame for everyone involved, but there we are.
I'm totally fucked at Coinbase. Sitting on an obscene amount of fiat from a recent sale, but don't have access to my Funding/Withdrawal page. Something 'tarded like below is what I'm getting. Sheeeeeeit.  This a time delay exploit that the whales traders will be able to use again and again. They will shake people out, and while their fiat cash out is trapped in limbo, the whales will be able to move the market back up and fiat sitting in limbo won't be able to get back in. Fortunately Coinbase is not that big of a player compared to the global trading volume  |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2384
Viva Ut Vivas
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December 10, 2017, 03:38:57 PM |
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I seriously thought that 15% dip after 1000% gain this year was the end of cryptography.
I burned all of my private keys, opened up my server to telnet instead of ssh, stopped using a website if it was https instead of http and moved to a wooden house in middle of nowhere.
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Meuh6879
Legendary
Offline
Activity: 1512
Merit: 1011
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December 10, 2017, 03:56:04 PM |
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Source : http://www.zerohedge.com/news/2017-12-09/bitcoin-just-brilliant-wealth-redistribution-schemeA similar argument applies to the status-quo elite, who have greatly benefited from the corrupt system and see bitcoin as a risk to that system.
This group includes almost all government officials—especially central bankers—and politicians, as well as the private banking elite.
They are incentivized to defend the old system at all costs, but would be smart to hedge their exposure. Some may be doing so in secret.
So these are the first intellectual hurdles to overcome: understanding that our current money system is severely flawed, and that to prosper and make progress, humanity needs an alternative.
To fully understand this, many people spend a few years researching history and economics away from mainstream educational propaganda. |
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milkshock100
Member
Offline
Activity: 242
Merit: 14
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December 10, 2017, 04:04:20 PM |
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Get the feeling we’re marshalling the forces for another big upwards move within the next 48 hours
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
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December 10, 2017, 04:08:27 PM |
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I seriously thought that 15% dip after 1000% gain this year was the end of cryptography.
I burned all of my private keys, opened up my server to telnet instead of ssh, stopped using a website if it was https instead of http and moved to a wooden house in middle of nowhere.
Funny FUD to calm you. https://www.google.com/amp/amp.timeinc.net/time/money/4623650/bitcoin-invest |
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Periodik
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December 10, 2017, 04:12:17 PM |
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Get the feeling we’re marshalling the forces for another big upwards move within the next 48 hours
Gotta love this. I missed that 17,000 dollars price for my monthly allowance. By the way, CBOE tomorrow is cancelled already? |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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December 10, 2017, 04:19:46 PM |
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I'm totally fucked at Coinbase. Sitting on an obscene amount of fiat from a recent sale, but don't have access to my Funding/Withdrawal page. Something 'tarded like below is what I'm getting.
Sheeeeeeit.
Why on Earth didn't you do an OTC sale? There's no way I'd trust any exchange with amounts above a few grand. They're too prone to freeze you over AML shite. |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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December 10, 2017, 04:22:27 PM |
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Get the feeling we’re marshalling the forces for another big upwards move within the next 48 hours
Gotta love this. I missed that 17,000 dollars price for my monthly allowance. By the way, CBOE tomorrow is cancelled already? One joint said they won't participate in settlement or something. Everyone else is go. |
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BTCMILLIONAIRE
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December 10, 2017, 04:23:40 PM |
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I'm totally fucked at Coinbase. Sitting on an obscene amount of fiat from a recent sale, but don't have access to my Funding/Withdrawal page. Something 'tarded like below is what I'm getting.
Sheeeeeeit.
Why on Earth didn't you do an OTC sale? There's no way I'd trust any exchange with amounts above a few grand. They're too prone to freeze you over AML shite. How exactly are you going to do an OTC sale for an "obscene amount of fiat" without exposing yourself to extreme risks? |
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savetherainforest
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December 10, 2017, 04:36:38 PM |
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I'm totally fucked at Coinbase. Sitting on an obscene amount of fiat from a recent sale, but don't have access to my Funding/Withdrawal page. Something 'tarded like below is what I'm getting.
Sheeeeeeit.
Why on Earth didn't you do an OTC sale? There's no way I'd trust any exchange with amounts above a few grand. They're too prone to freeze you over AML shite. How exactly are you going to do an OTC sale for an "obscene amount of fiat" without exposing yourself to extreme risks? You bring some crypto friends, you hire a bodyguard.  |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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December 10, 2017, 04:41:00 PM |
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How exactly are you going to do an OTC sale for an "obscene amount of fiat" without exposing yourself to extreme risks?
You go to Genesis Trading or Cumberland Mining who telephones one of their nice clients looking to buy. You deposit your coins with them. Their client pays Genesis Trading. When the money is cleared everyone gets what they want. Plus you get a nice man or woman to hold your hand throughout who won't freeze your arse because you're nothing more than an anonymous reference number on a status page. |
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jojo69
Legendary
Offline
Activity: 3150
Merit: 4309
diamond-handed zealot
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December 10, 2017, 04:54:18 PM |
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How exactly are you going to do an OTC sale for an "obscene amount of fiat" without exposing yourself to extreme risks?
You go to Genesis Trading or Cumberland Mining who telephones one of their nice clients looking to buy. You deposit your coins with them. Their client pays Genesis Trading. When the money is cleared everyone gets what they want. Plus you get a nice man or woman to hold your hand throughout who won't freeze your arse because you're nothing more than an anonymous reference number on a status page. No tense, armed handoff down by the bridge construction site with aluminum briefcases full of Benjamins? No deal! |
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Torque
Legendary
Offline
Activity: 3542
Merit: 5039
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December 10, 2017, 05:01:06 PM |
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How exactly are you going to do an OTC sale for an "obscene amount of fiat" without exposing yourself to extreme risks?
You go to Genesis Trading or Cumberland Mining who telephones one of their nice clients looking to buy. You deposit your coins with them. Their client pays Genesis Trading. When the money is cleared everyone gets what they want. Plus you get a nice man or woman to hold your hand throughout who won't freeze your arse because you're nothing more than an anonymous reference number on a status page. No tense, armed handoff down by the bridge construction site with aluminum briefcases full of Benjamins? No deal! Bitcoiner cashes out $1M to fiat. Two weeks later his $1M is worth $800k compared to the btc he sold. 4 months later his $1M is worth $400k compared to the btc he sold. Gotta love fiat lovers that like to get poorer by the month.  |
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vroom
Legendary
Offline
Activity: 1302
Merit: 1681
a Cray can run an endless loop in under 4 hours
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December 10, 2017, 05:11:49 PM |
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How exactly are you going to do an OTC sale for an "obscene amount of fiat" without exposing yourself to extreme risks?
You go to Genesis Trading or Cumberland Mining who telephones one of their nice clients looking to buy. You deposit your coins with them. Their client pays Genesis Trading. When the money is cleared everyone gets what they want. Plus you get a nice man or woman to hold your hand throughout who won't freeze your arse because you're nothing more than an anonymous reference number on a status page. No tense, armed handoff down by the bridge construction site with aluminum briefcases full of Benjamins? No deal! Bitcoiner cashes out $1M to fiat. Two weeks later his $1M is worth $800k compared to the btc he sold. 4 months later his $1M is worth $400k compared to the btc he sold. Gotta love fiat lovers that like to get poorer by the month. In germany a court recently allowed banks to collect negative interest for savings from their customers. It's like they are forcing us to buy bitcoin. source: I only find german sources: http://www.spiegel.de/wirtschaft/service/kleinsparer-gericht-haelt-negativzinsen-bei-neuvertraegen-fuer-zulaessig-a-1182416.html |
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JimboToronto
Legendary
Offline
Activity: 3990
Merit: 4460
You're never too old to think young.
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December 10, 2017, 05:13:01 PM |
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Good morning Bitcoinland. Missed yesterday due to internet connectivity issues. Both my landline and my mobile were down and I was forced to go out to restaurants/bars/coffeeshops just to check the price. Then I got to my gig last night to find out they don't have wifi.
Seems we had quite a day with some serious correction/panic before bouncing right back up over $15k.... currently $15308USD/$19669CAD (Bitcoinaverage).
Old coins are currently worth $16861USD/21664CAD (Coinmarketcap).
Now that that's over with, we can start going back up again. Hopefully we'll see another ATH within a few days.
Go Bitcoin go.
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Torque
Legendary
Offline
Activity: 3542
Merit: 5039
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December 10, 2017, 05:16:41 PM |
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Aww man, that's just criminal. These banks are going to go extinct. |
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jojo69
Legendary
Offline
Activity: 3150
Merit: 4309
diamond-handed zealot
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December 10, 2017, 05:18:18 PM |
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Aww man, that's just criminal. These banks are going to go extinct.
couldn't happen to a nicer bunch of parasites mornin' Jimbo |
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sirazimuth
Legendary
Offline
Activity: 3346
Merit: 3485
born once atheist
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December 10, 2017, 05:25:06 PM |
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I seriously thought that 15% dip after 1000% gain this year was the end of cryptography.
I burned all of my private keys, opened up my server to telnet instead of ssh, stopped using a website if it was https instead of http and moved to a wooden house in middle of nowhere.
Nice to see you've finally come to your senses my friend..... |
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d_eddie
Legendary
Offline
Activity: 2478
Merit: 2895
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December 10, 2017, 05:42:10 PM |
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No bank run yet?  |
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Meuh6879
Legendary
Offline
Activity: 1512
Merit: 1011
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December 10, 2017, 05:44:52 PM |
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Source : http://www.zerohedge.com/news/2017-12-09/new-cme-bitcoin-futures-and-goldman-sachs-connection“CME Group's Bitcoin futures will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin.
Since November 2016, CME Group and Crypto Facilities Ltd. have calculated and published the BRR, which aggregates the trade flow of major bitcoin spot exchanges during a calculation window into the U.S. Dollar price of one bitcoin as of 4:00 p.m. London time.
The BRR is designed around the IOSCO Principles for Financial Benchmarks.
Bitstamp, GDAX, itBit and Kraken are the constituent exchanges that currently contribute the pricing data for calculating the BRR.”
A reference rate / benchmark calculated in the City of London that is used as a basis for the settlement of multi-billion dollar financial contracts.
Wait, where have we heard that before ?  |
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