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

[inca]

Chartbuddy telling the story today. Look at that finex orderbook

Edit: back over 230. Off to the gym.

[minerpumpkin]

trezor or case have other attack vectors

Oh, what are their weaknesses? I was not aware that a trezor had any ?

I believe people were able to extract private keys by measuring electric noise or something, that's being created by the processor while processing the keys. It really is quite a remarkable method, I don't know how easy it is to apply it, though!

or the device can simply be tempered with during delivery or afterwards (in a way that was not foreseen by satoshilabs).

or steal the thing, replace it with a fake to get the PIN and voilá

Huh, I didn't even think about that scenario (replacing the device in order to steal the PIN)... Yeah, hardware wallets seem to have their disabilities, as well. Though I think it is still far more safe to store your coins on one of them, rather than having them available on a regular machine running Windows or any major operating system.

[minerpumpkin]

Chartbuddy telling the story today. Look at that finex orderbook

Edit: back over 230. Off to the gym.

Yeah that order book seems to be speaking volumes. Could either be people waiting for another crash-attempt, or the people shorting with that big bearwhale the other day, now desperate to get back into the game. I think a lot of people may have shorted at 6am UTC, as well when the price was about to break down again, in anticipation of an even bigger slide.

[Fatman3001]

Chartbuddy telling the story today. Look at that finex orderbook

Edit: back over 230. Off to the gym.

Yeah that order book seems to be speaking volumes. Could either be people waiting for another crash-attempt, or the people shorting with that big bearwhale the other day, now desperate to get back into the game. I think a lot of people may have shorted at 6am UTC, as well when the price was about to break down again, in anticipation of an even bigger slide.

That is one big-ass wave. Even I am scared, and I'm hodling like a mofo!

[lay785]

trezor or case have other attack vectors

Oh, what are their weaknesses? I was not aware that a trezor had any ?

I believe people were able to extract private keys by measuring electric noise or something, that's being created by the processor while processing the keys. It really is quite a remarkable method, I don't know how easy it is to apply it, though!

Yeah I found the thread: https://bitcointalk.org/index.php?topic=1022815.0

Seems like it has been fixed by satoshilabs but the fact that it was possible means that there may be other vulnerabilities.

I guess over time hardware wallet companies will improve.

[chmod755]

Sometimes I'm placing sell orders slightly above the current asking price just to see how stable the market is - cancelling them if it gets too close.

[ChartBuddy]

Coin
Explanation

[Morecoin Freeman]

Yea now it is BUYfinex. A lot of short selling took place at the bottom. Nice bear trap. Get rekt.

[billyjoeallen]

30K dump moves price down ~$5?? Now I see shorts are up to 30K on BFX. Bears be runnin out of coinz to dump. At this point all they are doing is providing support when/if they cover. I don't know if All week hands have been shaken out, but certainly more have been than yesterday. Bear market running out of steam.

[8up]

30K dump moves price down ~$5?? Now I see shorts are up to 30K on BFX. Bears be runnin out of coinz to dump. At this point all they are doing is providing support when/if they cover. I don't know if All week hands have been shaken out, but certainly more have been than yesterday. Bear market running out of steam.

Bears are in denial. 

[Wings1987]

30K dump moves price down ~$5?? Now I see shorts are up to 30K on BFX. Bears be runnin out of coinz to dump. At this point all they are doing is providing support when/if they cover. I don't know if All week hands have been shaken out, but certainly more have been than yesterday. Bear market running out of steam.

I don't know if everyone noticed but the buy support was there before the dump yesterday. Now it is stronger now than I can remember in a long time. If it is real it could be a fun couple of days.

[minerpumpkin]

What about the theories that the event last night was only foiled by Finex's trade/margin-engine malfunctioning!? Do you buy that rumour or can we safely assume that support simply held and the bears just plain failed to crash the market?

[coinableS]

30K dump moves price down ~$5?? Now I see shorts are up to 30K on BFX. Bears be runnin out of coinz to dump. At this point all they are doing is providing support when/if they cover. I don't know if All week hands have been shaken out, but certainly more have been than yesterday. Bear market running out of steam.

Bears are in denial. 

Lots of recent shorts, and the price is holding steady that's risky business IMO. Like the reverse bubble chart posted above, it would be like going long at $900 per coin. Strap on your moon boots everyone, if the bears are wrong we could see a nice pump.

[ChartBuddy]

Coin
Explanation

[Fatman3001]

A lot of people were forced out of their positions due to this glitch. That has to have repercussions of some kind. We might just as well see another jan 13-14 crash. But idk, I'm lubed up both at the front and the back atm, hoping to get lucky.

[dakota neat]

price keeps artificially supressed by london bearwhale team and followers. make use of them as your tools.

[Wings1987]

What about the theories that the event last night was only foiled by Finex's trade/margin-engine malfunctioning!? Do you buy that rumour or can we safely assume that support simply held and the bears just plain failed to crash the market?

I have not been following that issue on Reddit close enough to comment. Watching the events unfold last night it just looked like selling/shorting into solid support. What specifically are people saying happened?

[D05GTO]

Yeah, looked a lot more like hitting Iceberg buy orders.  Those were some big icebergs too.  That had to hurt.

[Bagatell]

What about the theories that the event last night was only foiled by Finex's trade/margin-engine malfunctioning!? Do you buy that rumour or can we safely assume that support simply held and the bears just plain failed to crash the market?

I have not been following that issue on Reddit close enough to comment. Watching the events unfold last night it just looked like selling/shorting into solid support. What specifically are people saying happened?

http://www.reddit.com/r/BitcoinMarkets/comments/353yu8/bitfinex_having_serious_lag_issues_be_very/

[minerpumpkin]

What about the theories that the event last night was only foiled by Finex's trade/margin-engine malfunctioning!? Do you buy that rumour or can we safely assume that support simply held and the bears just plain failed to crash the market?

I have not been following that issue on Reddit close enough to comment. Watching the events unfold last night it just looked like selling/shorting into solid support. What specifically are people saying happened?

I can't find the exact discussions or theories on reddit at the moment, but even though I feel guilty linking this site, look at the second paragraph: http://shitco.in/2015/05/07/bitfinex-appears-to-have-crossed-streams-btc-crash-on-hold/. I know, take this with a HUGE grain of salt, but it's always worth to consider all the sides there are to a story. The exact theory for this incident is still missing, though!