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

[jbreher]

Bitfinex should be focusing on attempts to communicate and create incentives for folks to stay and using their exchange rather than creating disincentives for account holders to leave.  

Jesus Fuck... Really? I've been trying to just sit on the sidelines and merely _watch_ this shit-show, but I can no longer refrain from commenting. All y'all are some special breed of masochists. Incentives? Disincentives? Do you hear yourself typing? What more disincentive to deal with this incompetent band of "custodians" than leaving over a third of your cash at seaside? Really?

SMH.

Stop being so judgmental, and snap back into reality.  Yeah, you want the exchange to fail, and yeah, you cannot believe that they are going to reopen, and yeah, you cannot believe that bitcoin still has a 1 mb blocksize limit, etc etc...

The reality of the matter is that bitfinex had offered a service that was not offered by other exchanges, including volume.

Now, my comment that you quoted has to do with their business perspective to attempt to retain customers and confidence.  This is a projection regarding what they need to do in order to inspire folks to continue to use their exchange, and it does not mean that I, personally, am going to use their exchange.  I personally do not yet know all of the terms upon which I will be able to withdraw my funds, even though I personally have been presented with a description from them regarding what they consider to be in my account.

I will _not_ stop being so judgmental. I get it. It's your money, and you will throw it away in the manner you deem best. While it tangentially affects me in that you are enabling criminals, in the end you are gonna do what you are gonna do.

But... really? You have absolutely no evidence that this scamcenter did not merely pocket your funds.

'Hey buddy - I'll hold you money for you'
'oh wait - somebody picked my pocket'
'trust me with more?'

SM fucking H

For all my other faults, I at least recognized that when pirate@40 fucked me up the ass, his highest calling was _not_ my best interests, and that I didn't want to deal with him any longer.

[Karartma1]

BFX coin to the moooon!  

Glad to see you're still around, I thought maybe at some point you'd get cleaned out but it seems you're doing fine, kudos!

This whole bitfinex thing is the main reason I've been advocating "as low as possible for as long as possible"  just imagine the political fallout from this kind of "hack" if the price had been 10 or 100X where we are today.

Best case scenario for the long term, in my opinion, is if we can remain below ten billion market cap for as long as possible while the kinks get worked out.

This shit might be game changing, but it's nowhere near prime time.

Some egghead is gonna crack this thing eventually. Who wants to become a systemic risk? Spread it out like butter on a burn. That's what I say.

EGG-xactly!

Your crypto money is only as secure as whatever the current state of the art cryptography is capable of.

How can elliptic curve possibly be as secure as shipping paper bills on pallets? Transparency be damned!
http://www.wsj.com/articles/u-s-sent-cash-to-iran-as-americans-were-freed-1470181874

If you get blocked by the shitty wall street journal, just Google the following "U.S. Sent Cash to Iran as Americans Were Freed" -no body bothers to do their own work any more , the media has become the best echo chamber ever!

IRANic

They could have send some small BTC transaction every once in while instead of asking the Duthc and the Swiss to provide them with other currency because it is illegal to deal this things with US dollar.
They still have a long way to go to reach 1.7billion! good luck with that.

Imagine what a mega pump if the US will consider to buy 1.3 billion of BTC to settle this deal.

No more moon, we'll go well beyond

[savetherainforest]

I personally am not competing with anyone and I am only attempting to tailor my activity to my own financial situation and my risk tolerance, etc.

I am... or I was... a politician... but I still am in my mind... So... persuasion is like a hobby! Guilty pleasure?    


And... if you like trading, even if I myself do not trust one bit the exchanges. I do it so I can bleed society out faster and make it suffer, so they can scream for pain and make the real world move faster on their agenda. I don't give 2 sh!ts about money... what I like is actually power! I know it would not feel enough for me even if I was emperor of the Andromeda Galaxy and could have any power of control there.

[Paashaas]

Bitfinex Will Resume Trading and Withdrawals in The Next 36 Hours 

Ask youreself this question, woud you continue trading when Gox reopend without an explanation how they have been hacked..

Do youreself a favor, remove all funds and find a regulated exchange.

http://themerkle.com/bitfinex-will-resume-trading-and-withdrawals-in-the-next-36-hours/

[alphahacktivist]

Bitfinex Will Resume Trading and Withdrawals in The Next 36 Hours 

Ask youreself this question, woud you continue trading when Gox reopend without an explanation how they have been hacked..

Do youreself a favor, remove all funds and find a regulated exchange.

http://themerkle.com/bitfinex-will-resume-trading-and-withdrawals-in-the-next-36-hours/

bitfinex has not been a fine-ex

[Karartma1]

Bitfinex Will Resume Trading and Withdrawals in The Next 36 Hours 

Ask youreself this question, woud you continue trading when Gox reopend without an explanation how they have been hacked..

Do youreself a favor, remove all funds and find a regulated exchange.

http://themerkle.com/bitfinex-will-resume-trading-and-withdrawals-in-the-next-36-hours/

Still not to be considered as a viable option for big amounts teh only way we are going to get rid of these thefts, robberies and scams is the following

https://bitsquare.io/

I don't see many other options today unless we are able to move money p2p (using escrow)

[gentlemand]

Ask youreself this question, woud you continue trading when Gox reopend without an explanation how they have been hacked..

Plenty of silly sausages would. Their reasoning would be somewhere along the lines of 'well, what's the likelihood they're going to get hacked again?'

The regulated places won't be embraced until there's margin trading. I get the impression that that's a legal impossibility for some reason.

[fluidjax]

Still not to be considered as a viable option for big amounts teh only way we are going to get rid of these thefts, robberies and scams is the following

https://bitsquare.io/

I don't see many other options today unless we are able to move money p2p (using escrow)

Bitsquare currently has a 1BTC limit, plus it can take a long time to make the fiat transfer. (2 days for SEPA). So its not a real alternative ATM

[Spaceman_Spiff]

Lol, bitfinex is going to start BFX token trading without any information about them, other than they are supposed to represent 1 USD prior to trading...

What a fucking joke... If they trade BFX tokens themselves, they are trading on insider information, because we don't know shit, and they do.

[Elwar]

Price is coming back.

$666 soon after Bitfinex comes back up.

[Trouble821]

Bitfinex will resume trading and withdrawals at 16:00:00 UTC, that's less than 50 minutes from now. The price briefly spiked above $600 on itbit and bitstamp. What will it do after finex trading resumes? Will most of those holding finex dollars start buying bitcoins so they can withdraw immediately?

https://www.bitfinex.com/posts/133

Today, August 10th, 2016, at 16:00:00 UTC we will be enabling additional platform features as we continue to restore service after the incident on August 2nd. Exchange trading will be enabled for all currencies and pairs, while deposits and withdrawals will be enabled for BTC, ETC, ETH, and USD - with LTC and Tether to follow shortly thereafter. Exchange trading will also be enabled for the BFX token on pairs BFXUSD and BFXBTC.

[Alley]

Bitfinex is the best option for trading since coinbase requires verification.

[JimboToronto]

Good AM Bitcoinland.

Back over $600 again.

Onward and upward?

[adamstgBit]

Price is coming back.

$666 soon after Bitfinex comes back up.

oh ya shes looking F'ing gr8
I see coinbase had a high vol low movement price action a few hours ago. volume isn't crazy high or anything, but i like what i see!
http://bitcoincharts.com/charts/coinbaseUSD#rg10ztgSzm1g10zm2g25zvzl





do you hear that?

[julian071]

Onward and upward?

You took the words right out of my mouth!

I tossed a coin and it said downwards. I'll go and put my money where my mouth is so expect it to go upwards.

[adamstgBit]

Good AM Bitcoinland.

Back over $600 again.

Onward and upward?

good morning! 

[Tzupy]

Price is coming back.

$666 soon after Bitfinex comes back up.

More like new ATH on BFX, if others will do the same as me...

[JimboToronto]

good morning! 

A fine morning indeed.

[Elwar]

Orders on Bitfinex are being readied...looking like $600 to $604.

[Dafar]

Anyone else 20X long?