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

[cmacwiz]

Is there a bitfinex replacement out there that offers leveraged trading to North American customers?

When _will_ you people learn?

I just gotta make back all the BTC I lost in bitfinex real quick, then I will stop, promise

Textbook gambling addiction response.

I bet you can't find that response in a textbook

[Pbitcoin]

omfg what if coinbase blows up.

seeing 0 mention of coinbase on the first page of "service discussion" sub forum is a little reassuring... https://bitcointalk.org/index.php?board=85.0

If it can happen to Bitfinex it can happen to Coinbase too.

That will make bitcoin worthless if that day ever happens. And nothing is impossible in this day and age of technoterrorism.

[cmacwiz]

omfg what if coinbase blows up.

seeing 0 mention of coinbase on the first page of "service discussion" sub forum is a little reassuring... https://bitcointalk.org/index.php?board=85.0

If it can happen to Bitfinex it can happen to Coinbase too.

That will make bitcoin worthless if that day ever happens. And nothing is impossible in this day and age of technoterrorism.

So if I leave my coins in my coinbase vault, and coinbase gets hacked, I get the privilege to commiserate with everyone else who got Goxxed? I wanna be a bitcoin pioneer!

[jertsy]

thanks jertsy.

now i just need the time of the p2sha address got moved

edit
I just checked and for me i see 14:00 bitfinex goes offline ( i zoomed into the 5Min candles )   14:00 stamps crashes below 600

I guess i'm not set to UTC time, but still from my view i see that stamps started its nose dive mins if not secs after bitfinex going offline

I think you're right, I checked again on bitcoincharts where you can view the raw data from Bitstamp trades. It shows the nose dive starting straight after Bitfinex going offline.

Sorry about my earlier guesses from 30 minute time interval charts. I should have viewed the raw data, but I couldn't until I found the "Load raw data" link at the bottom of this page.

http://bitcoincharts.com/charts/bitstampUSD#rg2zig5-minztgSzm1g10zm2g25zv

[aztecminer]

amazing how bitcoin took that bitfinex 60M dollar 120k coin hack like it was nada .. stroll through the park for bitcoin... didn't even phase it.. we are at a whole new era of bitcoin! it doesn't matter what happens, bitcoin is power!.. bring on the hackers, we are the badasses . everyone pile in.. moonshot! .. the train is going to leave the station.. we are all going to be buying boats soon! we are #1... if u aint in bitcoin, u are gimped.

[calme]

Losing money or not, we are DEFINITELY fucking badasses.

[mymenace]

amazing how bitcoin took that bitfinex 60M dollar 120k coin hack like it was nada .. stroll through the park for bitcoin... didn't even phase it.. we are at a whole new era of bitcoin! it doesn't matter what happens, bitcoin is power!.. bring on the hackers, we are the badasses . everyone pile in.. moonshot! .. the train is going to leave the station.. we are all going to be buying boats soon! we are #1... if u aint in bitcoin, u are gimped.

...."amazing how bitcoin took that bitfinex 60M dollar 120k coin hack like it was nada .. stroll through the park for bitcoin... didn't even phase it.. we are at a whole new era of bitcoin!"....


luvin it

[adamstgBit]

thanks jertsy.

now i just need the time of the p2sha address got moved

edit
I just checked and for me i see 14:00 bitfinex goes offline ( i zoomed into the 5Min candles )   14:00 stamps crashes below 600

I guess i'm not set to UTC time, but still from my view i see that stamps started its nose dive mins if not secs after bitfinex going offline

I think you're right, I checked again on bitcoincharts where you can view the raw data from Bitstamp trades, and it shows the nose dive starting straight after Bitfinex going offline.

Sorry about my earlier guesses from 30 minute time interval charts. I should have viewed the raw data.

http://bitcoincharts.com/charts/bitstampUSD#rg2zig5-minztgSzm1g10zm2g25zv

confirmed!


also ... https://www.reddit.com/r/Bitcoin/comments/4vuliy/bitfinex_users_fund_moving_on_20160802_8am11am/



8am UTC time the funds moved

[jertsy]

thanks jertsy.

now i just need the time of the p2sha address got moved

edit
I just checked and for me i see 14:00 bitfinex goes offline ( i zoomed into the 5Min candles )   14:00 stamps crashes below 600

I guess i'm not set to UTC time, but still from my view i see that stamps started its nose dive mins if not secs after bitfinex going offline

I think you're right, I checked again on bitcoincharts where you can view the raw data from Bitstamp trades, and it shows the nose dive starting straight after Bitfinex going offline.

Sorry about my earlier guesses from 30 minute time interval charts. I should have viewed the raw data.

http://bitcoincharts.com/charts/bitstampUSD#rg2zig5-minztgSzm1g10zm2g25zv

confirmed!


also ... https://www.reddit.com/r/Bitcoin/comments/4vuliy/bitfinex_users_fund_moving_on_20160802_8am11am/



8am UTC time the funds moved

Elwar posted a link to an address (probably belonging to the hacker) that received Bitcoins from his Bitfinex address. I traced the coins back to this address which is probably Elwar's. It shows the only movement of coins out of it was on 2016-08-02 at 09:45:42.

If blockchain.info is using UTC there must have been hours between the hacker moving the coins and Bitfinex shutting the site down. Why the giant delay, did it take them hours to realise they'd been hacked?

https://blockchain.info/address/3HQm8EnB1txS3nNhNdvTNY3AQj6aDPi7Vs

Hi Elwar,
can you post the compromised finex addresses please?
Want to have a look at them
 Thanks

I tracked mine here:
https://blockchain.info/address/1JZrner13nGZZvnvbY2BtR4AkUv3byVJte

They did not verify that my account was hacked but because it is no longer in a multisig wallet they said it is likely.

[BlindMayorBitcorn]

The moral of the story: got internet monies? Keep them off the internets. Done and done.

[BlindMayorBitcorn]

http://arstechnica.co.uk/information-technology/2016/08/craig-wrights-proof-that-he-invented-bitcoin-*bleep*-off-im-not-going-to-jump-through-hoops/

 

"Show me right now or feck right off!"

[hatshepsut93]

The moral of the story: got internet monies? Keep them off the internets. Done and done.

The only reason people keep coins on exchanges is because they want to be able to sell them instantly, instead of waiting 10-40 minutes for confirmations.

[Lebubar]

The moral of the story: got internet monies? Keep them off the internets. Done and done.

The only reason people keep coins on exchanges is because they want to be able to sell them instantly, instead of waiting 10-40 minutes for confirmations.

And also make few bucks lending it.

[marcus_of_augustus]

The moral of the story: got internet monies? Keep them off the internets. Done and done.

The only reason people keep coins on exchanges is because they want to be able to sell them instantly, instead of waiting 10-40 minutes for confirmations.

.... ah no, this is complete bullshit. People were keeping coinz on finex so they could lease them out for shorting or so they could gamble with 10x leveraged (on margin) trades on sometimes very short terms ... casino speculation aka day-trading.

[BlindMayorBitcorn]

10X? Holy feck!
I had no idea. Such degen

[DaRude]

The moral of the story: got internet monies? Keep them off the internets. Done and done.

The only reason people keep coins on exchanges is because they want to be able to sell them instantly, instead of waiting 10-40 minutes for confirmations.

.... ah no, this is complete bullshit. People were keeping coinz on finex so they could lease them out for shorting or so they could gamble with 10x leveraged (on margin) trades on sometimes very short terms ... casino speculation aka day-trading.

Think/(hope?) we'll be slowly moving into a two tier exchanges system. Tier 1 will be your fully licensed insured exchanges for big boys that pretty much set the rate, and the fly by night shady exchanges that don't ask too many questions. Should make everyone happy. Not having exchanges is not really an option the bigger the market cap gets

[European Central Bank]

.... ah no, this is complete bullshit. People were keeping coinz on finex so they could lease them out for shorting or so they could gamble with 10x leveraged (on margin) trades on sometimes very short terms ... casino speculation aka day-trading.

as far as I can tell returns for lending out btc to traders are really low. the money's in lending out the dollars. you'd have to be dumb to be risking it for those percentages but dumbness is rarely in short supply here.

[marcus_of_augustus]

finex hack market moment is looking a lot like the silk road take down (that precipitated the 2013 megabull-run) and has some additional bullish elements.

Elimination of an organised highly-leveraged short-selling attack and total discrediting of exchange coin storage for shorting ... one has to be suspicious that finex was actually bust and couldn't cover the long-term shorts that got rekt on the way up to $790 so the "hack" is convenient cover for a "lost in the wash" moment ... really it all smells too Goxxy for my liking (has anyone ever 'found' the gox coins yet?) so could have dodgy govvy black ops involvement

Also it allowed some large (ballsy) money to get in at much lower prices who will be prepared to hold into the new ATH territory ...

anyone else buying coinz at $470 yesterday chaps??  

[TReano]

Welcome to the next bear Market, brought to you by Mt. FinexShit.



To the people who lost money on Bitfinex: You have been warned several times before the final hack that Bitfinex is a shithole. I can't even count the times people got rekt and lost a lot of money because their Ruby written system is a mess.

[AlexGR]

The moral of the story: got internet monies? Keep them off the internets. Done and done.

The only reason people keep coins on exchanges is because they want to be able to sell them instantly, instead of waiting 10-40 minutes for confirmations.

Yes, because the biggest delay will be the 10-40 minutes (bitcoin part) and not the 2-3 days for the bank wire (legacy banking part).