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

[marcus_of_augustus]

segwit getting v. v. close to release ... fwiw.

[adamstgBit]

hehehehehe
this fork is set for 3-6 months form now.
so in bitcoin land that mean 9-infinity months from now, aka SOON^TM!

idk why but i think they will fail. right now they seem extremely disorganized, no real solid plan, everyone has there own ideas.
its interesting to watch tho.

[Dafar]

And what if Antpool and some other large miners decide to go with this amateur fork chain because they're pissed at core?


but yeah, fuck these guys

[LFC_Bitcoin]

segwit getting v. v. close to release ... fwiw.

Bullish for the price, surely?

It's been a long time coming.

[DaRude]

https://www.reddit.com/r/BitcoinMarkets/comments/4vtv1m/bitfinex_down_due_to_bitcoin_security_breach/d64ow17

socialized losses for bitcoin and loans to btc/usd positions. guess we'll know the full facts in a few hours.

Thanks for that link ECB...    The post pretty much states that Bitfinex is going to make a more official update tomorrow, but in the meantime, like you said, Bitfinex is considering a way to socialize losses amongst Bitfinex BTC holders.

 I don't really have a problem with socialized loss in the sense that Bitfinex would later pay back those "losers"... yet, I believe that they are not considering paying back the "losers"...

 I think that it is a bit irresponsible to cause the users to hold the bag... and even though we are finding out some details, we still have to wait for more specifics, which seems to be scheduled to come out tomorrow.

Really the best option for everyone. Other option is to go belly up and then after 4yrs and a bunch of attorney fees you might see some distributions (see Gox). Assuming there'd be a full investigation and it wasn't internal job etc...

[DeathAngel]

Price seems to have settled in the $565-$575 range after the Bitfinex hack. I wonder which way we'll go next, feels a bit uneasy waiting for the next move after such a crash.

[Searing]

Price seems to have settled in the $565-$575 range after the Bitfinex hack. I wonder which way we'll go next, feels a bit uneasy waiting for the next move after such a crash.

I waiting for the China miners to announce say a 8mb block fork on Friday just to round
 out the week. That could make Bitcoin go pear shaped in a big way. 2014 180 used coin redux

FML

[savetherainforest]

Well what do we talk about now then??

Global warming is a hoax and we are heading towards an mini-ice age actually. Food prices will rise like hell...  

It will be a devaluation sh!tfest for everyone, because every country/government will try to get the best food outcome possibility for their country. Meaning that all devaluation will help BTCitcoin.

[Globb0]

When everything is devalued to hell and food is expensive etc. who will pay the expensive money for your valuable bitcoins?

[Unacceptable]

When everything is devalued to hell and food is expensive etc. who will pay the expensive money for your valuable bitcoins?

[Paashaas]

What the hell... Finex is bankrupt and now they want a ''Cyprus'' style haircut for all there users 

That must be a easy fix isn't it? Passing the bill to there users to save there own skin.

A lot of people wanted to avoid this kind of corruption, and now it arrives in Bitcoinland. Monkey see monkey do, so others will see how this ''hack'' heist occurs and bail them out = easy money!

Why no press conference? i only see a freaking smokescreen on both sides. I just dont believe it they have been hacked, by-passing privatekeys and 2-3 multi-sigs...yhea right!

[savetherainforest]

When everything is devalued to hell and food is expensive etc. who will pay the expensive money for your valuable bitcoins?

Yep... he's a troll.    ... Basically all currencies devalued and if everyone holds... Bitcoin can't go down... that's pure economics 101.  
It is basically just wealth created out of thin air.

[xxxgoodgirls]

Is anyone following the stolen BTCs?

[Admiral_Bit]

Is anyone following the stolen BTCs?

You know the difference between a Bitcoin and a Turtle? The Bitcoin is made of gold!

[GOLD Dev]

Bitcoin is still holding up quite nicely after that 119k BTC theft...

Wondering where those coins are too, maybe dumped allready?

[European Central Bank]

I ain't so sure any exchange is gonna accept coins originating from a known hack address. and mixing that amount is borderline impossible. it'll take a long time for someone to launder those coins. anyway they're probably safe in some bitfinex employee's wallet.

[lemmyK]

https://www.reddit.com/r/Bitcoin/comments/4w71cx/why_did_bitgo_allow_120000_btc_to_be_withdrawn/

you're naive. There is no one who would oversee the 24/7 and take turns to 3 working shifts. I see it in real life. most rich companies, government agencies and banks is so bogus(judas) pay some  employee 24/7 supervision . such examples as bitfinex are millions worldwide. and they gamble money from people because they are unpunished. for what happened in bitfinex someone ceos/bosses should get life in prison or bullets to the head,.
But the US government knows how to carve right at intimidation. as Ulbricht closed for life  :'(as an exemplary case. While no one not begin to liquidate CEO and bosses so they'll abusing customers.
WAKE UP we  living in corporate fascism protected by the state police and the courts.

[AlexGR]

Bitcoin is still holding up quite nicely after that 119k BTC theft...

The market overreacted and, at peak, we got ~1/3 of the marketcap wiped out. You can't have a 60mn theft taking billions of the marketcap - it's irrational.

The DAO "hack" was larger and Ethereum lost a couple hundred millions at most in marketcap - despite the fact that percentage-wise the DAO was very big compared to the ETH marketcap.

So, as I see it, the over-reaction is due for mid-term upwards correction. The amount stolen was not that big anyway (~0.7%). Although the air must be cleared first with the coins and funds at finex before the upwards trend resumes. Once that is done, it might trigger a race to frontrun the other buyers towards 600+.

[gentlemand]

The market overreacted and, at peak, we got ~1/3 of the marketcap wiped out. You can't have a 60mn theft taking billions of the marketcap - it's irrational.

I don't believe market cap is a rational way to get the measure of anything, especially something as thinly traded as Bitcoin, let alone alts.

[Paashaas]

Kim Dotcom says he has the answer to bitcoin’s ‘civil war’ and will soon give it to the world.

I'm getting very exited about Kim's ''scaling'' solution what he calls; Bitcache for his Megaupload 2.0.

He also thinks that the price wil rocket to $2000 in 2017, which i think he is right even without his groundbreaking innovation.

http://qz.com/751533/kim-dotcom-says-he-has-the-answer-to-bitcoins-civil-war-and-will-soon-give-it-to-the-world/