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

[aminorex]

A 10-year chart, set conspicuously to gold's bull run, squeaks rather than roars. Present a 100-year chart and we can talk about toppling the walls of Jericho.

Problem is, the currencies of 1916 were gold.  A 45 year chart looks even more impressive.  The post-Breton Woods system will not live to its 50th anniversary.

[lord raiden]

August 17, 2016
...bla bla bla bla...
We are actively engaged with efforts to convert certain qualifying token-holders to shareholders of Bitfinex and to redeeming the remaining BFX tokens through a combination of new capital and earnings.
...bla bla bla bla....

We will continue to provide further updates as and when we are able.

The Bitfinex Team

well they post much better announcements than MTGOx ever did..

but they are very unclear about the BFX token and its meaning... "qualifying token-holders" will become "shareholders of Bitfinex"

wtf man wtf.

this f*ck lives already on the  British Virgin Islands and you can now register and hope you are qualified enough
https://bfxtrust.com/

[kobilica]

Gold is limited, so is Bitcoin.

Love that graph.  It speaks volumes.  With a megaphone.

A 10-year chart, set conspicuously to gold's bull run, squeaks rather than roars. Present a 100-year chart and we can talk about toppling the walls of Jericho.

It's not about gold. It's about fiat currency losing its value over time. And you know why.

[conspirosphere.tk]

If bitcoin is a kind of emerging market, it looks good:



http://www.zerohedge.com/news/2016-08-19/where-money-going-record-inflows-emerging-markets-longest-ever-outflows-europe

[JayJuanGee]

August 17, 2016
...bla bla bla bla...
We are actively engaged with efforts to convert certain qualifying token-holders to shareholders of Bitfinex and to redeeming the remaining BFX tokens through a combination of new capital and earnings.
...bla bla bla bla....

We will continue to provide further updates as and when we are able.

The Bitfinex Team

well they post much better announcements than MTGOx ever did..

but they are very unclear about the BFX token and its meaning... "qualifying token-holders" will become "shareholders of Bitfinex"

wtf man wtf.

this f*ck lives already on the  British Virgin Islands and you can now register and hope you are qualified enough
https://bfxtrust.com/

Seems to be an interesting experiment, and question regarding whether it is going to have any solid value in the future or just a means to suck some more people into a scam...   Don't get me wrong, it seems that they may be making some meaningful efforts in the direction of rectifying matters in the event that the official story (regarding an unknown hacker) is actually true.

[JimboToronto]

Good morning Bitcoinland.

Blah blah blah... $581 BitcoinAverage...

Blah blah blah.

Wicked hangovers require lots of strong coffee. 

[hdbuck]

August 17, 2016
...bla bla bla bla...
We are actively engaged with efforts to convert certain qualifying token-holders to shareholders of Bitfinex and to redeeming the remaining BFX tokens through a combination of new capital and earnings.
...bla bla bla bla....

We will continue to provide further updates as and when we are able.

The Bitfinex Team

well they post much better announcements than MTGOx ever did..

but they are very unclear about the BFX token and its meaning... "qualifying token-holders" will become "shareholders of Bitfinex"

wtf man wtf.

this f*ck lives already on the  British Virgin Islands and you can now register and hope you are qualified enough
https://bfxtrust.com/

Seems to be an interesting experiment, and question regarding whether it is going to have any solid value in the future or just a means to suck some more people into a scam...   Don't get me wrong, it seems that they may be making some meaningful efforts in the direction of rectifying matters in the event that the official story (regarding an unknown hacker) is actually true.

nope, ts'all bullshiet.

bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet

Bitfinex got y'all bitcoins, and you get bails in and shitcoins.

[Sidas_Crew669]

August 17, 2016
...bla bla bla bla...
We are actively engaged with efforts to convert certain qualifying token-holders to shareholders of Bitfinex and to redeeming the remaining BFX tokens through a combination of new capital and earnings.
...bla bla bla bla....

We will continue to provide further updates as and when we are able.

The Bitfinex Team

well they post much better announcements than MTGOx ever did..

but they are very unclear about the BFX token and its meaning... "qualifying token-holders" will become "shareholders of Bitfinex"

wtf man wtf.

this f*ck lives already on the  British Virgin Islands and you can now register and hope you are qualified enough
https://bfxtrust.com/

Seems to be an interesting experiment, and question regarding whether it is going to have any solid value in the future or just a means to suck some more people into a scam...   Don't get me wrong, it seems that they may be making some meaningful efforts in the direction of rectifying matters in the event that the official story (regarding an unknown hacker) is actually true.

nope, ts'all bullshiet.

bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet bullshiet

Bitfinex got y'all bitcoins, and you get bails in and shitcoins.

ahahah, I was just a bullshiet. I see that bitfinex is indeed really do bullshiet and they just look for an occurrence that can be trusted by its users. Because I noticed that all the security in the bitfinex is very good. Their scam and take all the existing account in the bitcoin users

[lord raiden]

August 17, 2016
...bla bla bla bla...
We are actively engaged with efforts to convert certain qualifying token-holders to shareholders of Bitfinex and to redeeming the remaining BFX tokens through a combination of new capital and earnings.
...bla bla bla bla....

We will continue to provide further updates as and when we are able.

The Bitfinex Team

well they post much better announcements than MTGOx ever did..

but they are very unclear about the BFX token and its meaning... "qualifying token-holders" will become "shareholders of Bitfinex"

wtf man wtf.

this f*ck lives already on the  British Virgin Islands and you can now register and hope you are qualified enough
https://bfxtrust.com/

Seems to be an interesting experiment, and question regarding whether it is going to have any solid value in the future or just a means to suck some more people into a scam...   Don't get me wrong, it seems that they may be making some meaningful efforts in the direction of rectifying matters in the event that the official story (regarding an unknown hacker) is actually true.

I have the fear that this will be common in cryptoland.
the other exchanges are looking very well to this plan...
everybody could built a crytoexchange without money or security... in the worst case you build a shitcoin with promises

[JayJuanGee]

August 17, 2016
...bla bla bla bla...
We are actively engaged with efforts to convert certain qualifying token-holders to shareholders of Bitfinex and to redeeming the remaining BFX tokens through a combination of new capital and earnings.
...bla bla bla bla....

We will continue to provide further updates as and when we are able.

The Bitfinex Team

well they post much better announcements than MTGOx ever did..

but they are very unclear about the BFX token and its meaning... "qualifying token-holders" will become "shareholders of Bitfinex"

wtf man wtf.

this f*ck lives already on the  British Virgin Islands and you can now register and hope you are qualified enough
https://bfxtrust.com/

Seems to be an interesting experiment, and question regarding whether it is going to have any solid value in the future or just a means to suck some more people into a scam...   Don't get me wrong, it seems that they may be making some meaningful efforts in the direction of rectifying matters in the event that the official story (regarding an unknown hacker) is actually true.

nope, ts'all bullshiet.

bullshiet ..... etc... etc...  bullshiet

Bitfinex got y'all bitcoins, and you get bails in and shitcoins.

Odds are pretty decent that you are correct and this Bitfinex matter is just a scheme to stall, divert and to get some more folks to give them money, but nothing is 100% in cryptolandia...   

Hellow?

[JayJuanGee]

August 17, 2016
...bla bla bla bla...
We are actively engaged with efforts to convert certain qualifying token-holders to shareholders of Bitfinex and to redeeming the remaining BFX tokens through a combination of new capital and earnings.
...bla bla bla bla....

We will continue to provide further updates as and when we are able.

The Bitfinex Team

well they post much better announcements than MTGOx ever did..

but they are very unclear about the BFX token and its meaning... "qualifying token-holders" will become "shareholders of Bitfinex"

wtf man wtf.

this f*ck lives already on the  British Virgin Islands and you can now register and hope you are qualified enough
https://bfxtrust.com/

Seems to be an interesting experiment, and question regarding whether it is going to have any solid value in the future or just a means to suck some more people into a scam...   Don't get me wrong, it seems that they may be making some meaningful efforts in the direction of rectifying matters in the event that the official story (regarding an unknown hacker) is actually true.

I have the fear that this will be common in cryptoland.
the other exchanges are looking very well to this plan...
everybody could built a crytoexchange without money or security... in the worst case you build a shitcoin with promises

I don't disagree with you regarding Bitfinex serving as a kind of model;  however, no two situations go down the same way in cryptolandia, and this continues to be an evolving space in which the resources of any entity and the nature of their "hack" or "scamming" or other ongoing scams/hacks is going to effect the way they attempt to carry out their proposed remedy.

[kobilica]

Well we will see in future if BitFinex lied.. I think lots of eyes are on them, inside and outside, it's just matter of time until someone blows the whistle.

[Karartma1]

Well we will see in future if BitFinex lied.. I think lots of eyes are on them, inside and outside, it's just matter of time until someone blows the whistle.

Yes but in the meanwhile they are keeping on doing business. And they are getting again money from old and new users. I know people don't have good memory but, hey, if this turns out bad it is going to be really hard to digest for us all.

This was not some "simple" mistake.

[Dafar]

Good morning Bitcoinland.

Blah blah blah... $581 BitcoinAverage...

Blah blah blah.

Wicked hangovers require lots of strong coffee. 

It's not even the weekend yet and u already hungover? Damn son

[XCASH]

Well we will see in future if BitFinex lied.. I think lots of eyes are on them, inside and outside, it's just matter of time until someone blows the whistle.

Yes but in the meanwhile they are keeping on doing business. And they are getting again money from old and new users. I know people don't have good memory but, hey, if this turns out bad it is going to be really hard to digest for us all.

This was not some "simple" mistake.

They are not getting as much money going in as is going out. Their cold wallet is down to 40,945 Bitcoins and most of the deposits going into it are small, apart from a few from their hot wallet. Bitfinex desperately needs an investor with big pockets to bail it out.

[Chef Ramsay]

Good morning Bitcoinland.

Blah blah blah... $581 BitcoinAverage...

Blah blah blah.

Wicked hangovers require lots of strong coffee. 

It's not even the weekend yet and u already hungover? Damn son

His typical day reads like: hit up bitcoin atm (if price dips) on the way to watch the Blue Jays play ball, then rock out at a bar where a blues band is playing while drinking copious amounts of pale ale. Get up at noon and then drink gallons of coffee to cheer up. Then repeat although when the Jays get a night off or are out of town it must really screw up his pattern. Then it's just strippers and blow.

[JayJuanGee]

Well we will see in future if BitFinex lied.. I think lots of eyes are on them, inside and outside, it's just matter of time until someone blows the whistle.

Yes but in the meanwhile they are keeping on doing business. And they are getting again money from old and new users. I know people don't have good memory but, hey, if this turns out bad it is going to be really hard to digest for us all.

This was not some "simple" mistake.

We already know that if the exchange fails or continues the scam or takes a lot more money from folks, then other guys are going to be lecturing about (I think it's called trolling), you should have done this or you should have done that.

There are risks and potential rewards with any activity, and surely many of us will likely concede that some aspects of the Bitfinex story doesn't really seem to add up, and we may wonder, why aren't they being more transparent about some of what happened and about their plan to go forward.  Some of the obscurity is justifiable no matter what happened, but also part of the obscurity could end up being a big fucking ploy (as some of the most extreme conspiracy theorists would argue).

Usually the story is somewhere in the middle, at least in terms of it not being as bad as conceived, yet in circumstances like these, while the situation is evolving, we do need to account for the possibility that some of the more outlandish and less probable theories could be true.

If Bitfinex is able to pull off some meaningful and creative reimbursement plan, then all the more power to them, yet I still think that in the near future, they need to play on their good will (to the extent that they have any left) and/or name recognition to attempt to leverage some low fee incentives in their trading.  I do understand that in the short term the low fees could cause them to not make any money, yet keeping some of their customers and potentially building customers seems like a must... and I cannot really understand why they have not yet instituted such trade incentive creation measures.  Anyone?

[JimboToronto]

It's not even the weekend yet and u already hungover? Damn son

Had a gig last night. Started in the afternoon on the bar patio with one band and ended up sitting in with another band indoors and staying until closing time. The problem was not eating anything since brunch, combined with way too much booze.

[molecular]

also painting the buy or die mitl month triangle, must of cost an extraordinary amount of money to paint and then break out to the up side....

no one person actually paints candless... WE ALL take part in painting the candles....

after all the news and hype / the real certitude  i (and many others) have that "digital money" is the future, you think there 1 guy buying and selling all the coins all day long painting candles??

wtf do you think this is??? the US stock market + QE1 2 3 4?

great post. +3 funny, +2 insightful

[molecular]

Buy pressure is still bigger than sell, it's just people expecting to buy coins at lower price 

People tend to forget and quite some time has passed since the halfing.