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

[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

[criptix]

how much has been stolen?? please infos now!!!

[talkingleaves]

uggghhh......at 606 I was gonna short....but I thought to myself, "no!, I dont wanna get caught in a bear trap. this dropped 60 bucks, it cant go more"
FML

also, look at all those altcoins...today is like crypto black tuesday

[savetherainforest]

Anyone trading this has some serious balls

Nope... You just need to be a psychopath!  

And this:

*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.

[The KGB]

how much has been stolen?? please infos now!!!

https://media.giphy.com/media/13B1WmJg7HwjGU/giphy.gif

[Torque]

So, what perfect timing on Bitfinex's part.  

Nah, couldn't possibly be anything more than a coincidence that their breach happened at the beginning of August, during a large dump move...

 

[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.

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.

I'm all with you until you assert that you have already been "goxxed."  It is way too early to be making those kinds of assertions.  We have no idea, yet, about the magnitude of this situation beyond the fact that they are admitting that they lost some customer coins, which gox never actually admitted upfront - they only admitted after the fact.

So, yeah, we cannot be sure exactly what is going on with Bitfinex, and we can probably be quite confident that they are not being completely transparent with us; however, these early stages of this particular Bitfinex situation has not come anywhere remotely near the level of Gox's shenanigans and lack of transparency and then ongoing manipulations.  Yes, it is possible that we are all going to get screwed from Bitfinex, but at this point, that probability seems pretty low, and you are spreading FUCD regarding some possibility that is seemingly quite low, at the moment, unless you have better evidence to support such assertions, which I doubt you know any more than the information from the status page and other various publicly well known information about Bitfinex.

[DaRude]

how much has been stolen?? please infos now!!!

zanetackett: We have segregated customer wallets, not hot/cold as each user has their own wallet. We can't release details about the breach at this time as we're still investigating, but no, we did no lose all or nearly all of the bitcoin.

https://www.reddit.com/r/Bitcoin/comments/4vtuxo/bitfinex_security_breach_trading_will_be_halted/d61d2qq

[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

Choke on a bag of dicks. I hope you lose more money. Did I say hope? I meant your money's as good as gone. Better start charging for eating dicks.

2) Yes, cost of doing business in bitcoin, and probably many other ventures that are in their development stages.

Version 0.12.1. Been seven years.
If Bitcoin was a kid in some shithole country, it would be earning its keep by now.

3) You are exaggerating a bit when you are suggesting that people were saying $590 is the panic point

No. In this very thread. Look for it.

Yeah, right... as expected, you got nothing to add to any kind of substantive discussion except providing further nonsense and further deviation from what were initially quasi-decent talking points.

[criptix]

but no, we did no lose all or nearly all of the bitcoin.

So ...half?

looking at how they are reacting i bet it is a substantial amount.

[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 

I said hello to you a few weeks ago, but my post got deleted... I think that my post was too much related to that unspoken thingie magigie.. if you could just stay "on topic," that would help me a lot..

Thanks uuu  a zillion, m8ie. 

lol anything for u jj ,  isnt this on topic? 

anyways i see btc heading towards $500 now, ive been expecting it for a while, all that was required was a lil push.

You mean upper $500s, like breaking below $600 or do you literally mean getting close to $500?

You could be correct if you just suggest that we could break into the upper $500s, but getting to the lower $500s seems like there would be quite a bit of a struggle for that, no? 

Accordingly, there seems to be quite a bit of buying support in these supra $600 price levels, no?

upper $500 will be tested and im very sure lower $500 like around $520s is very possible, i dont see a big struggle to $560 at all.
I hate to say this but crypto is looking like a big joke just now to outsiders.

1) Upper $500s is looking more possible, after today's additional dip. 

2) I agree breaking through the upper $500s could likely bring prices lower, but I do believe that there would be resistance in the $540 to $560 price range 

3) That unnamed coin may be looking like a bit of a joke, and there may be some implications on bitcoin (guilt by association), but really I would consider this to be a kind of normal correction that is not really any kind of deep damnation of bitcoin 

4) Personally, I think that bitcoin is still in bullish trend so long as prices do not go below $420-ish, and I believe it would take quite a bit of negative and momentum and maybe just pure downward manipulation attempts (possibly at a loss) to bring prices even close to those levels, and like I said, I expect considerable resistance in the mid-$500s - and even with that, BTC prices do need to break through the resistance in the lower $600s, too, which is really nothing to sneeze at... am I NOT KORect?              

Did you sneeze yet m8,lol , this is only the begining, crypto looking like a joke as i said before. Creating coins out of thin and doubling a billion $ supply and then exchanges allow this asset to be sold will ob have an effect on BTC.
I see $500 incoming as the struggle to $560 is almost over.

Hope you didnt lose anything at finex and if you wana be safe, go cold or use an exchange that doesnt sell etc...( theres a loop that is being used to drain btc btw )

[UngratefulTony]

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. [ ]

Did we learn anything about using exchanges as Beetcoin banks today JJG?

Also, why were you sending coins to BFX during this move?? I thought your strategy was to be buying more coins with filthy fiat during expected downturns like this, no?