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

[AlexGR]

In other pretty bullish news: https://bitcoinmagazine.com/articles/bitcoin-miners-and-developers-meet-in-california-to-improve-communications-1470158657

"What was thought by some to be a secret meeting of Bitcoin miners and Bitcoin Core developers turned out to look more like a company retreat than anything else, according to those in attendance."
...
“The main purpose was to improve communications between miners and Bitcoin Core developers,” Bitcoin Core contributor Eric Lombrozo told Bitcoin Magazine. “It's harder to do that with a very large group — especially across the cultural and language barrier.”

Lombrozo sees value in these types of events. “In-person meetings help build relationships.” he said.

Bitcoin Core developer Greg Maxwell, who also attended the gathering, echoed this sentiment. “I thought it was really positive — and good to meet up with people face to face that I'd only talked with in email before,” he said in a post on bitcointalk.org.

“The Bitcoin industry seriously needs better communication — especially crossing language and cultural barriers — rather than hot comments on social media,” Maxwell said. “Improved communication will lead to fewer potential avenues for miscommunication and better cooperation in the future.”

[luckygenough56]

bitfinex hacked at critical moment, this sure is a coincidence haha

bitcoin world lol manipulation at its best, another well timed drama

[The KGB]

"Thank you for your message.

We are experiencing an issue with our deposits. Our team is working on fixing it as we speak.

So is it down just for me right now, or everyone else? Stamp price plummeting, 580, finex at 604 ...

Down for everybody, and not coming back live for a while i guess.

Bitcoin just took a 20 USD drop.. we are in for a crazy night.

Might drop down and touch 500 who knows.

[savetherainforest]

bitfinex down again...

Can you hear the arena chanting: "F U D ! ... F U D ! ... F U D !" ...  

[Tzupy]

Security breach on Bitfinex

Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex.

We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.

The theft is being reported to — and we are co-operating with — law enforcement.

As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices as of 18:00 UTC. We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation. While we are halting all operations at this time, we can confirm that the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected.

We will post updates as and when appropriate on our status page, bitfinex.statuspage.io. We are deeply concerned about this issue and we are committing every resource to try to resolve it. We ask for the community’s patience as we unravel the causes and consequences of this breach.

bitfinex.statuspage.io, support@bitfinex.com

Great!Just great!
Couldn't get any better! Could it?
Idiots!

I can't believe this shit...

[savetherainforest]

Security breach on Bitfinex

Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex.

We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.

The theft is being reported to — and we are co-operating with — law enforcement.

As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices as of 18:00 UTC. We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation. While we are halting all operations at this time, we can confirm that the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected.

We will post updates as and when appropriate on our status page, bitfinex.statuspage.io. We are deeply concerned about this issue and we are committing every resource to try to resolve it. We ask for the community’s patience as we unravel the causes and consequences of this breach.

bitfinex.statuspage.io, support@bitfinex.com

Great!Just great!
Couldn't get any better! Could it?
Idiots!

I can't believe this shit...

Muhahahaha... NOOOOOO MORE CHEAP COINS FOR THE CHINESEEEE!!!! HAHAHAHA .... What a big FU for them from Finex... Hahahaha... Good boys... show them the middle finger!!!  

[gentlemand]

Good old BFX. You can always depend on them to fuck things up.

Here's the script:

Bitcoin trader - "Goddammit. BFX cost me X thousands. I'M NEVER USING THEM AGAIN."

Two hours later Bitcoin trader quietly logs in again when things are up and running.

[aztecminer]

Security breach on Bitfinex

Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex.

We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.

The theft is being reported to — and we are co-operating with — law enforcement.

As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices as of 18:00 UTC. We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation. While we are halting all operations at this time, we can confirm that the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected.

We will post updates as and when appropriate on our status page, bitfinex.statuspage.io. We are deeply concerned about this issue and we are committing every resource to try to resolve it. We ask for the community’s patience as we unravel the causes and consequences of this breach.

bitfinex.statuspage.io, support@bitfinex.com

Great!Just great!
Couldn't get any better! Could it?
Idiots!

I can't believe this shit...

alright everybody.. prepare for bitcoin to drop below $300 per coin. BFX security breach coupled with the incompetence of BTC to scale will bring new lows .. everyone knows if bitcoin hard forks that BTC will list BTCC as an alt coin on their exchange.. we all know the drill . not only are the the chinese miners panicking, everyone is in all out route as we worry about the BFX exchange. what will be the new bottom ??

[BlindMayorBitcorn]

And don't forget this!
http://hackingdistributed.com/2015/10/14/bitcoin-ng/

[DaRude]

some of our users have had their bitcoins stolen

The theft is being reported to — and we are co-operating with — law enforcement.

Any settlements will be at the current market prices as of 18:00 UTC.

the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected.

F'ing retards. They had so much volume, don't tell me they went the gox way

zanetackett: We haven't used the hot/cold wallet setup since our implementation with bitgo as each user has their own wallet that the funds are stored in.

Not sure if that's a good or a bad thing  

[JayJuanGee]

Security breach on Bitfinex

Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex.

We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.

The theft is being reported to — and we are co-operating with — law enforcement.

As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices as of 18:00 UTC. We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation. While we are halting all operations at this time, we can confirm that the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected.

We will post updates as and when appropriate on our status page, bitfinex.statuspage.io. We are deeply concerned about this issue and we are committing every resource to try to resolve it. We ask for the community’s patience as we unravel the causes and consequences of this breach.

bitfinex.statuspage.io, support@bitfinex.com

Got this by Support just before that went up.


"Thank you for your message.

We are experiencing an issue with our deposits. Our team is working on fixing it as we speak.

Apologies for the inconvenience. We will credit your funds as soon as possible.

Kind regards,

xxxx
Bitfinex Support Team
support@bitfinex.com
"
One transaction with 50 confirms did not show up so i opened up a support ticket, and that was the reply i got.

So i really hope they keep that promise.

Within about an hour or so before the shut down, I had just sent some BTC there too, and it did not show up in my bitfinex account balance, either.

[barbs]

Finex provided the most liquidity of the western exchanges.

[kobilica]

Fuck this, good thing I sold as soon as I saw hack.

Meanwhile on Kraken:

6 hour candles..



Mark of the best (666)?

[chesthing]

3:00am in China now.

[chesthing]

Hopefully I can buy the bitcoins I bought at $450ish and dumped at $750ish back at $450ish today. 

[UngratefulTony]

Sure glad I listened to all u FUDders last week and pulled all my coins out of Coinbase... owait...


First, the $60 1MB4EVA gut punch. Now this... I start to wonder if God doesn't like the beetcoin.

[The KGB]

Security breach on Bitfinex

Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex.

We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.

The theft is being reported to — and we are co-operating with — law enforcement.

As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices as of 18:00 UTC. We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation. While we are halting all operations at this time, we can confirm that the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected.

We will post updates as and when appropriate on our status page, bitfinex.statuspage.io. We are deeply concerned about this issue and we are committing every resource to try to resolve it. We ask for the community’s patience as we unravel the causes and consequences of this breach.

bitfinex.statuspage.io, support@bitfinex.com

Got this by Support just before that went up.


"Thank you for your message.

We are experiencing an issue with our deposits. Our team is working on fixing it as we speak.

Apologies for the inconvenience. We will credit your funds as soon as possible.

Kind regards,

xxxx
Bitfinex Support Team
support@bitfinex.com
"
One transaction with 50 confirms did not show up so i opened up a support ticket, and that was the reply i got.

So i really hope they keep that promise.

Within about an hour or so before the shut down, I had just sent some BTC there too, and it did not show up in my bitfinex account balance, either.

Well the craziest thing is that i sent a reply to support reading this :

"Sent: Tuesday, August 02, 2016 at 7:25 PM
From: "xxxxx" <xxxxxx@post.com>
To: "Bitfinex Support" <support@bitfinex.com>
Subject: Re: Where is my BTC . [#593354]
Please dont Gox me xxxxx.. how long will this take ? any ETA ? "

And that fucker went ahead and goxxed me anyway.

[savetherainforest]

Sure glad I listened to all u FUDders last week and pulled all my coins out of Coinbase... owait...


First, the $60 1MB4EVA gut punch. Now this... I start to wonder if God doesn't like the beetcoin.

Guud stuff!!!




*Edit:  The funny thing is that you can get a better percentage outcome from a lower $ price on BTCeastcoin... So... we shouldn't mind if we are doing this sport for the BTC.

[JayJuanGee]

Within about an hour or so before the shut down, I had just sent some BTC there too, and it did not show up in my bitfinex account balance, either.

Just one of the costs of doing business, gotta figure that in. You don't have your bitcoins unless you hold the private key.

"The life of a Bitcoin trader is always intense."

*that stuff people were saying about not panicking unless we go below 590? I hope they meant 490...

1) Even though you seem to be an idiot troll, I will respond to a few of your points, which are still valid in spite of your apparent trolling attempts

2) Yes, cost of doing business in bitcoin, and probably many other ventures that are in their development stages, is that sometimes there are going to be some costs and even unexpected costs and even potentially some malicious behaviors.

3) You are exaggerating a bit when you are suggesting that people were saying $590 is the panic point, and normal correction is one thing, but if we get some fairly outrageous information (such as potential large scale losses on a major exchange), then we should expect the low point to go lower (and even build in additional acceptance that the price could go lower).  The news of Bitfinex's status will certainly drive BTC prices in the short term, and yes, such status reports could result in additional decreases in the price (beyond whatever normal original (pre-news) predictions that were being made).

[barbs]

Anyone trading this has some serious balls