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

[adamstgBit]

There will be better exchanges, more trusted and more secure exchanges. Not some random company based out of an office building in HongKong who uses reddit as their main means of communication.

There are better ones right now, but they don't have that juicy leverage. It's not as if the red flags regarding Bitfinex hadn't been there since minute one. Bitcoiners are like a stupid Labrador being battered repeatedly by their owner and coming right back with a slobbery grin on their face hoping for a different outcome. I was kind of hoping we were well past this shit by now.

the bitfinex code base was a copy past from the very first exchange that offered leverage... what was it called "ZhouTonged" anyway, ya that exchange got hacked, but it turned out to be an insider job, well sorta it was his friend, LOL!

point is... i forget what the point was, whatever carry on.

[megadeth]

The short term rally is over. When you break through the lower 1D MA and return to nearly the starting point, the rally is over. The upwards momentum you are seeing now is due to brexit, which saw the GBP drop 15% and gold rise 6% over the past few hours.

I'm afraid I can no longer trade here anymore due to the issues at Bitfinex. I could lose my whole account if the site goes down while I'm on the wrong side of a leveraged trade (especially if its ETH). Hodling on-chain is a much better proposition and guaranteed to hold some kind of value. Since I'm already at the minimum amount of coins that I'm allowed to hold in a pact that I made with myself in 2013, I have no choice but to

HODL

see you next year (if there's somewhere to trade).

Tera called MtFinex 3 months ago.

[NSA360]

They are all inside jobs. MtGox, Mintpal, Cryptorush, Cryptsy, Bter, what am I missing? other than Bitfinex...

Bitstamp January 2015-ish

intersango, 2012

[bitebits]

investors are not going to touch these tokens without knowing some specific details about the company. ( i wouldn't...)

We all know you would Adam  , just talking your agenda here. However not for a dollar each I presume.

[savetherainforest]

so how will the price be effected when bitfinex longs start from 0 and grow back to 40million?

You forgot to include in the poll:  "Not Selling." , "They don't sell." ... or something like that...

[marcus_of_augustus]

... incoming.

[poncom]

The short term rally is over. When you break through the lower 1D MA and return to nearly the starting point, the rally is over. The upwards momentum you are seeing now is due to brexit, which saw the GBP drop 15% and gold rise 6% over the past few hours.

I'm afraid I can no longer trade here anymore due to the issues at Bitfinex. I could lose my whole account if the site goes down while I'm on the wrong side of a leveraged trade (especially if its ETH). Hodling on-chain is a much better proposition and guaranteed to hold some kind of value. Since I'm already at the minimum amount of coins that I'm allowed to hold in a pact that I made with myself in 2013, I have no choice but to

HODL

see you next year (if there's somewhere to trade).

Tera called MtFinex 3 months ago.

He didn't predict the hack, he stopped trading on it after it went offline for days as Bitcoin crashed. Half its users probably made the same decision. Knowing that your exchange could go offline for days during a price crash is a nightmare. Watching your coins go down and down in value when you can't access them is terrible, and for leveraged traders it's even worse.

[kobilica]

The short term rally is over. When you break through the lower 1D MA and return to nearly the starting point, the rally is over. The upwards momentum you are seeing now is due to brexit, which saw the GBP drop 15% and gold rise 6% over the past few hours.

I'm afraid I can no longer trade here anymore due to the issues at Bitfinex. I could lose my whole account if the site goes down while I'm on the wrong side of a leveraged trade (especially if its ETH). Hodling on-chain is a much better proposition and guaranteed to hold some kind of value. Since I'm already at the minimum amount of coins that I'm allowed to hold in a pact that I made with myself in 2013, I have no choice but to

HODL

see you next year (if there's somewhere to trade).

Tera called MtFinex 3 months ago.

He didn't predict the hack, he stopped trading on it after it went offline for days as Bitcoin crashed. Half its users probably made the same decision. Knowing that your exchange could go offline for days during a price crash is a nightmare. Watching your coins go down and down in value when you can't access them is terrible, and for leveraged traders it's even worse.

I would do the same!

[Globb0]

This can all sort its self out.

they issue the tokens at 1$ and buy them all back when it reaches 0.1 Cents then everyone's happy.

[r.o.o.t]

Hitler gets a Haircut

https://www.youtube.com/watch?v=CN4RdrN80ic

[savetherainforest]

Hitler gets a Haircut

Good one.. Hilter meme.. even if its getting old... Nice way to lay the story out...

[lemmyK]

I hope there were many US citizens affected by the bitfinex affair .
The frustration from Russia success in Syria and Erdogan turn towards Russia. resulted in political blockage in sports games.
http://www.dailymail.co.uk/news/article-3729983/PIERS-MORGAN-sanctimonious-hypocritical-wagging-finger-America-Olympic-team-s-drug-cheats-just-like-Russia-s.html
http://www.zerohedge.com/news/2016-08-09/west-edge-erdogan-meets-putin-turkeys-relations-us-are-worst-50-years

 

[tomothy]

@adam,

I know this is from bitmex, but there weekly analysis is usually pretty good. This time they evaluate the finex hack.
Everyone keeps telling me to be bullish, but I'm not feeling it. I'm surprised we recovered so quickly and thought we would have dumped back to low 500's.

Regardless, enclosed is article link;

https://blog.bitmex.com/youve-been-buttfinessed/

Thoughts?

[TheHangingLog]

@Adam, can we rename this thread BTC/__C or BTC/__H wall observer? Because that's where all the volume's at, on Polo. http://coinmarketcap.com/currencies/bitcoin/#markets

Thoughts?

People banking on BFX having to buy BTC?

[adamstgBit]

investors are not going to touch these tokens without knowing some specific details about the company. ( i wouldn't...)

We all know you would Adam  , just talking your agenda here. However not for a dollar each I presume.

LOL, ya no, i'm going to need to see some kind of report before buying.
1$ each is simply to high would they all sell for 1$ each i believe this would fully cover the 60million in customer losses, and then some.
i believe there are ~75 million of these tokens.

[adamstgBit]

@adam,

I know this is from bitmex, but there weekly analysis is usually pretty good. This time they evaluate the finex hack.
Everyone keeps telling me to be bullish, but I'm not feeling it. I'm surprised we recovered so quickly and thought we would have dumped back to low 500's.

Regardless, enclosed is article link;

https://blog.bitmex.com/youve-been-buttfinessed/

Thoughts?

i agree, i was also expecting the market to drop, and i kinda still do, my cheep coin target is set at 520. but as always... unber bullish long term, bitfinex is but an exchange that may or may not succeed in the long run, it can only effect price for so long.
i'm going to read this later, busy as fuck today... HELL of a week...

[Karartma1]

They are all inside jobs. MtGox, Mintpal, Cryptorush, Cryptsy, Bter, what am I missing? other than Bitfinex...

If we would add the numerous scamcoins/projects/ICOs/IPOs born and dead for a single reason i.e. the profit of the creators well you can think of how much money disappeared into this new economy.

So much waste.

But I'll not be naive: in the world out there it is exactly the same.

[kobilica]

https://www.reddit.com/r/ethtrader/comments/4wvtpw/warning_tether_usdt_poloniex_bitfinex_hack/.compact

Warning about bitfinex

This is also cause of price drop (minutes ago) it seems.

[JimboToronto]

Good morning Bitcoinland.

Still stuck at $590. Still playing wait-and-see.

Yawn.

[JayJuanGee]

@adam,

I know this is from bitmex, but there weekly analysis is usually pretty good. This time they evaluate the finex hack.
Everyone keeps telling me to be bullish, but I'm not feeling it. I'm surprised we recovered so quickly and thought we would have dumped back to low 500's.

Regardless, enclosed is article link;

https://blog.bitmex.com/youve-been-buttfinessed/

Thoughts?

i agree, i was also expecting the market to drop, and i kinda still do, my cheep coin target is set at 520. but as always... unber bullish long term, bitfinex is but an exchange that may or may not succeed in the long run, it can only effect price for so long.
i'm going to read this later, busy as fuck today... HELL of a week...

We already experienced one flash drop to $465, and then a pretty significant recovery.

I suppose it is possible that before we go up, we are going to have to go down first, but such downward correction is not guaranteed because hovering in the $500s for more than a week may be sufficient downward opportunities to buy... "cheep coins."