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

[adamstgBit]

somthing fun to read -> https://bitcointalk.org/index.php?topic=796276.msg15810284#msg15810284

skip to the bottom for the meat.

Damn you got hella bearish all the sudden.

I don't think we will go down to below $500. The price overracted because of BFX and this doesn't feel nearly as bad as gox. Everyone's been expecting worst case scenarios but rumors are that BFX will be resuming business soon. Depending on how well they handle customer losses things could turn around really fast. And if this block-size/HF drama finds some middle ground, like Core confirms that 2mb HF + segwit is still in motion with an updated timeline AND Winklevii + COIN ETF gets the green light we could be looking at greatness this year

Do you have more info on BTCFork, and their reddit page? First I'm hearing of this.

"rumors are that BFX will be resuming business soon" "things could turn around really fast"
ya i imagine thats whats driving the mofo buying now,
but, i'd be surprised to not see any kind of dumpage, regardless of any news from bitfinex.
IMO market will want to re-test the bottom, as soon as it feel like its found a local top. ( which i think is here  580 )

https://www.reddit.com/r/btcfork/
its all talk but the guys over at bitco.in have been talking about this for a long time.
here's a on going convo with them https://bitco.in/forum/threads/wall-observer.27/page-116

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[MinermanNC]

somthing fun to read -> https://bitcointalk.org/index.php?topic=796276.msg15810284#msg15810284

skip to the bottom for the meat.

Nice synopsis of recent events  

I don't see a dip below 500 (again) at least right now I don't, yesterday it seemed possible - the 420.00  

I think a rebound soon back to kinda where we were before the heist, and those miners got to eat too sooner or later lol  

[adamstgBit]

somthing fun to read -> https://bitcointalk.org/index.php?topic=796276.msg15810284#msg15810284

skip to the bottom for the meat.

Nice synopsis of recent events  

I don't see a dip below 500 (again) at least right now I don't, yesterday it seemed possible - the 420.00  

I think a rebound soon back to kinda where we were before the heist, and those miners got to eat too sooner or later lol  

its dropping now, and at 520 ( in the morning ) its time to panic sell. you ready for that?

[UngratefulTony]

somthing fun to read -> https://bitcointalk.org/index.php?topic=796276.msg15810284#msg15810284

skip to the bottom for the meat.

Damn you got hella bearish all the sudden.

I don't think we will go down to below $500. The price overracted because of BFX and this doesn't feel nearly as bad as gox. Everyone's been expecting worst case scenarios but rumors are that BFX will be resuming business soon. Depending on how well they handle customer losses things could turn around really fast. And if this block-size/HF drama finds some middle ground, like Core confirms that 2mb HF + segwit is still in motion with an updated timeline AND Winklevii + COIN ETF gets the green light we could be looking at greatness this year

Do you have more info on BTCFork, and their reddit page? First I'm hearing of this.

"rumors are that BFX will be resuming business soon" "things could turn around really fast"
ya i imagine thats whats driving the mofo buying now,
but, i'd be surprised to not see any kind of dumpage, regardless of any news from bitfinex.
IMO market will want to re-test the bottom, as soon as it feel like its found a local top. ( which i think is here  580 )

It’s despicable that they’re saying… “some of our customers have suffered losses”. Like the customers themselves were responsible. Bitfinex held the keys, and an instructive key to bitgo, apparently. Their negligence and/or insecure practices allowed for at least two of those to be compromised. Thus, as they are the custodian of multiple asset types… they are responsible for equitably distributing those losses among users of the exchange. A bankruptcy trustee would probably oversee the whole thing. (At least that’s what I expect the argument to be in court, and I suspect this thing is going to court before withdrawals commence.)

https://www.reddit.com/r/btcfork/
its all talk but the guys over at bitco.in have been talking about this for a long time.
here's a on going convo with them https://bitco.in/forum/threads/wall-observer.27/page-116

The reinvigorated interest in ideological forks, even forks that are likely to start as small minorities… is because people are starting to see they are viable and even competitive to some degree. ETC/ETH was the informative experience it was expected to be, and people are getting ideas.

[adamstgBit]

Furthermore, in order to compute losses for relevant parties, settlement of all financed positions will occur in all accounts. Margin positions for all pairs will be settled and closed using the following prices

their closing shop.

[savetherainforest]

That's why I wish I could buy right now. 195k bitcoins are now gone from the exchange. They will likely not be spent or cashed out for years due to so many eyes on those coins. I can see the address where my bitcoins are sitting.

So...all of those bitcoin traders from BitFinex will need to get more bitcoins with smaller supply.


As far as BitGo...from what I could tell on reddit, there were two setups. People who verified their identities and had a BitGo setup. And the rest who did not go through verification and had some other setup. I did not do any of that verification.

I thought that the number missing was 120k btc?

Ahh yes. No idea where I got 195k.

So... Let me get this straight... A solution for you is to keep a ledger of all the addresses that the money goes by... till the world becomes a police state and you can get your money back. Hmmm??

I mean... there could be created a fast black list by the international community and the coins that where stolen to be flagged and the person that would have accepted them for a transaction, they would decline payment from that compromised wallet... hmmm???

[bitowl]

nah, the day trading degenerates all lost their coins

but the real market movers don't give a shit

we'll bounce around 600 and enter another period of eerie calm now that all the speculators are gone

[savetherainforest]

https://www.reddit.com/r/Bitcoin/comments/4w0vwi/genuinely_one_of_the_most_bizarre_interviews_ive/

Here's some comedy Gold ... Satoshi is a foul-mouthed, bad-tempered Aussie ... bit like Kath and Kim show.

Oh boy... I had such a laugh...    .... He seems like one of the people from here, from this thread/topic...


*Edit: People are so envious of other people and always trying to be scared of other people... a world where panic & fear are kings and queens!

[shmadz]

Pretty sweet crash, but needs more cowbell.

Polo hack/cut-and-run would help,

Still waiting...

 "As low as possible for as long as possible."

[JayJuanGee]

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.

A flash crash to $465 and then a less than 36 hours later recovery to $600 hardly makes for an actual transition into a bear market.... We need a bit more than that, so accordingly, we still do not have anywhere enough information to conclude that we have moved into a BTC bear market.  Sorry to break the news, lillie bear wanna be.   

[Holliday]

Like the customers themselves were responsible.

Like, the customers themselves were responsible. Totally.

[UngratefulTony]

Like the customers themselves were responsible.

Like, the customers themselves were responsible. Totally.

Sure, the customers are responsible as a whole and have become creditors to a bankrupt organization. Altho, there shouldn't be arbitrary gradations of fucked, based on random chance. Which was my point... you might have missed it.

[Holliday]

Altho, there shouldn't be arbitrary gradations of fucked, based on random chance.

Welcome to the universe. Enjoy your stay.

[DaRude]

Interesting how Coinbase trading at a premium, almost touched $600. Wall st types are more bullish then the rest??

[UngratefulTony]

Altho, there shouldn't be arbitrary gradations of fucked, based on random chance.

Welcome to the universe. Enjoy your stay.

Perhaps Bitfinex can employ the vacuous platitudes defense, are you available?

[BlindMayorBitcorn]

...ladies and gentlemen of this supposed jury, I have one final thing I want you to consider. Ladies and gentlemen, this is a vacuous platitude. Vacuous platitudes are from the planet Kashyyyk. But this vacuous platitude lives on the planet Endor. Now think about it; that does not make sense!

[Holliday]

Altho, there shouldn't be arbitrary gradations of fucked, based on random chance.

Welcome to the universe. Enjoy your stay.

Perhaps Bitfinex can employ the vacuous platitudes defense, are you available?

No, I save all mine for here. It's like my own personal yoga.

[Unacceptable]

...ladies and gentlemen of this supposed jury, I have one final thing I want you to consider. Ladies and gentlemen, this is a vacuous platitude. Vacuous platitudes are from the planet Kashyyyk. But this vacuous platitude lives on the planet Endor. Now think about it; that does not make sense!

LMAO!!!!!!!!!!!!!!!!!!!!

https://www.youtube.com/watch?v=xwdba9C2G14

[savetherainforest]

...ladies and gentlemen of this supposed jury, I have one final thing I want you to consider. Ladies and gentlemen, this is a vacuous platitude. Vacuous platitudes are from the planet Kashyyyk. But this vacuous platitude lives on the planet Endor. Now think about it; that does not make sense!

LMAO!!!!!!!!!!!!!!!!!!!!

https://www.youtube.com/watch?v=xwdba9C2G14

Them wookies... keep interfering with politics in bitcoin.


https://www.youtube.com/watch?v=JkN55Y_xNTQ

[conspirosphere.tk]

So... Let me get this straight... A solution for you is to keep a ledger of all the addresses that the money goes by... till the world becomes a police state and you can get your money back. Hmmm??

someone will try, and it will be an interesting test on the effectiveness of mixers vs. blockchain analysis.