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

[adamstgBit]

I assume not many ppl here will be using Coinbase, but please be careful if you do.

https://bitflikz.com/blogs/news/critical-security-update-from-bitflikz-gdax-coinbase-may-be-insolvent

its not clear, i'm guessing the hack was to withdraw ETC and then take that TX and broadcast that ETC-TX on the ETH network, there by for every ETC you withdraw you can get get the same amount of ETH out of coinbase.

[adamstgBit]

I assume not many ppl here will be using Coinbase, but please be careful if you do.

https://bitflikz.com/blogs/news/critical-security-update-from-bitflikz-gdax-coinbase-may-be-insolvent

Bet they wished they'd stuck with BTC. Oh well, you reap what you sow.  

even if this is true, and i'm not gonna trust an 'insider' then there's probably something in their terms and conditions that allows them to wangle out of buying back some coin they never expected to exist, or they'll add it.

I believe they should be able to settle in dollars marked market.
that should be perfectly legal.

also.... a bail-in might be legal who knows.

is it illegal for them to operate with a farcical reserve? aren't they a bonafide "money transmitter"

why is it banks are operating at 10% or less reserves and there's no run on the banks?

anyway lucky for them both ETH/ETC are set to crash, i wonder if poeple will attempt to hold up these markets simply because they [believe[/b] coinbase will have to settle in ETC/ETH.

sell all your eth/etc and run to BTC? 

[bri912678]

before the drop about 1.7Million$ in longs covered.
~6hours later... CRASH! shorts went from ~18K to ~21.7K BTC during those 30min, now shorts continue to rise.
and then ~1million in new longs were taken after the drop.



not sure wtf shorters are expecting to accomplish...

The walls on finex look like there's little to stop a pump to $679. There's only about 2.5k Bitcoins for sale up to that price, then a wall. A whale going long might be waiting to pump the price back up.

[adamstgBit]

https://www.youtube.com/watch?v=_4gdhsVKTcs

[adamstgBit]

i just came across this.



 

[adamstgBit]

[adamstgBit]

Let's look at the poll.
 < 650    - 8 (3%)
It never fails...

ya its amazingly accurate.

[Hyperjacked]

Let's look at the poll.
 < 650    - 8 (3%)
It never fails...

They should start giving a bounty...

Disclaimer:Google IT guys are jackin my trades...

[White sugar]

ya its amazingly accurate.

An oracle that's always wrong is an extremely useful oracle

Winning option is above 1000.

I don't think people answer the poll seriously

[Mrpumperitis]

Barry shilbert and Peter toad...thanks for damaging crypto and BTC.

[jt byte]

Barry shilbert and Peter toad...thanks for damaging crypto and BTC.

So those are the perps. Time to duck and hide guys 

[JayJuanGee]

Barry shilbert and Peter toad...thanks for damaging crypto and BTC.

Hey Pumpy....


You mean that you are not here pumping that not to be named coin?  In comparison, bitcoin is in very decent shape,and really on track to keep prospering with security.    No need to playing around with various attempts at irrelevant and distracting personal attacks.

[ImI]

coinbase already insolvent?

[Mrpumperitis]

Barry shilbert and Peter toad...thanks for damaging crypto and BTC.

Hey Pumpy....


You mean that you are not here pumping that not to be named coin?  In comparison, bitcoin is in very decent shape,and really on track to keep prospering with security.    No need to playing around with various attempts at irrelevant and distracting personal attacks.

yoyo jj, not even a hello  ...hope all is well m8 

[European Central Bank]

coinbase already insolvent?

https://status.coinbase.com/

they have identified an issue causing slow outbound transactions. maybe they're slow enough to get to panama before anyone knows what's really happened. or it might be a genuine problem.

[jt byte]

coinbase already insolvent?

https://status.coinbase.com/

they have identified an issue causing slow outbound transactions. maybe they're slow enough to get to panama before anyone knows what's really happened. or it might be a genuine problem.

Remove all you coins from them now.
You will read about them in the Panama papers in the following months.
Ethereum is the cause of all this havoc for them.

[adamstgBit]

coinbase already insolvent?

https://status.coinbase.com/

they have identified an issue causing slow outbound transactions. maybe they're slow enough to get to panama before anyone knows what's really happened. or it might be a genuine problem.

Remove all you coins from them now.
You will read about them in the Panama papers in the following months.
Ethereum is the cause of all this havoc for them.

i think at worst the hacker was able to empty there ETH hot wallet? ( i would assume the vast majority of coins are cold storage? )

the damage cant be THAT BAD, can it?

[ImI]

coinbase already insolvent?

https://status.coinbase.com/

they have identified an issue causing slow outbound transactions. maybe they're slow enough to get to panama before anyone knows what's really happened. or it might be a genuine problem.

Remove all you coins from them now.
You will read about them in the Panama papers in the following months.
Ethereum is the cause of all this havoc for them.

i think at worst the hacker was able to empty there ETH hot wallet? ( i would assume the vast majority of coins are cold storage? )

the damage cant be THAT BAD, can it?

i think so too, but just the fact that they let that replay attack hit them, while folks were talkin about it since weeks is so much fail...

[adamstgBit]

nice >700BTC bid wall at 620 getting eaten.

[adamstgBit]

1069.56BTC    a few seconds ago   620.0

is satoshi is selling us his coins?