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

[strawbs]

Confirmed: 120,000 Bitcoins from the Bitfinex hack are now beginning to enter exchanges. What will be the effect of ~$130,000,000 worth of Bitcoin being dumped into the market?
https://www.reddit.com/r/Bitcoin/comments/5vr8xg/confirmed_120000_bitcoins_from_the_bitfinex_hack/

Why on Earth would any self respecting exchange permit a publicly traceable BFX coin to be sold? I think the hacker's wee plan might grind to a halt fairly rapidly.

Indeed. If he's sending them back to exchanges then perhaps we can await his arrest pretty soon. And which exchange would knowingly accept tarnished coins and put themselves at risk of further NSA investigation? Whatever he does, a dump at exchanges is his least likely action.

So, more train and rocket gifs please.

Someone in that thread "claims" 30 BTC from the hack were sent to OKCoin, an exchange that's frozen BTC withdrawals for the next month. He says he's tracking the coins on a list on github that's supposedly of Bitcoins from the hack. There's only about 784 Bitcoins in total on it.

The market would barely notice a 784 Bitcoin dump, and it appears less than 100 of those coins have been deposited anywhere.

https://www.reddit.com/r/Bitcoin/comments/5vr8xg/confirmed_120000_bitcoins_from_the_bitfinex_hack/

30 BTC are confirmed so far to have gone to OKcoin

I read somewhere that nobody except bitfinex knows all the addresses from the hack, and there's nothing on that github page that says how the author knows those are bitfinex hack addresses.

https://gist.github.com/MrChrisJ/4a959a51a0d2be356cc2e89566fc1d87

This is the most pertinent post from that reddit thread.

FUD

FAKE NEWS

Yes, confirmed FUD. Can't verify his identity, but this is the latest response to that Reddit thread:

"I am Chris Ellis and I work at Bitfinex. No coins have moved from any of the Bitfinex attacker's addresses since 27th January 2017 when we saw 196 Transactions spend ~876BTC out from the smallest receiving balances back in August.
For a full list of the 2,072 transactions involved in the hack and the 196 transaction in January see my public Github Bitfinex_Hacked_Coins.csv
The OP has a 1 month old account and is posting while Bitcoin is approaching its all time high which is sure to get clicks and comments. If you want accuracy though it's simple enough to download my csv files and put the addresses from the August hack in to a "watch only" Electrum wallet, then just wait and see when the coins really do move.
So far though only ~$794,000 USD worth of bitcoin have been withdrawn."

[600watt]

the silence of the lambsPBoC

 

[bitcoinvest]

here's how i see those news,

the China news can't affect anymore the price in anyway... so how some people think that they would make panic to the sellers in order to join the party? put this news to the forums etc....

we spoke about that before..... this time will say something different and here we have it..

[HI-TEC99]

Confirmed: 120,000 Bitcoins from the Bitfinex hack are now beginning to enter exchanges. What will be the effect of ~$130,000,000 worth of Bitcoin being dumped into the market?
https://www.reddit.com/r/Bitcoin/comments/5vr8xg/confirmed_120000_bitcoins_from_the_bitfinex_hack/

Why on Earth would any self respecting exchange permit a publicly traceable BFX coin to be sold? I think the hacker's wee plan might grind to a halt fairly rapidly.

Indeed. If he's sending them back to exchanges then perhaps we can await his arrest pretty soon. And which exchange would knowingly accept tarnished coins and put themselves at risk of further NSA investigation? Whatever he does, a dump at exchanges is his least likely action.

So, more train and rocket gifs please.

Someone in that thread "claims" 30 BTC from the hack were sent to OKCoin, an exchange that's frozen BTC withdrawals for the next month. He says he's tracking the coins on a list on github that's supposedly of Bitcoins from the hack. There's only about 784 Bitcoins in total on it.

The market would barely notice a 784 Bitcoin dump, and it appears less than 100 of those coins have been deposited anywhere.

https://www.reddit.com/r/Bitcoin/comments/5vr8xg/confirmed_120000_bitcoins_from_the_bitfinex_hack/

30 BTC are confirmed so far to have gone to OKcoin

I read somewhere that nobody except bitfinex knows all the addresses from the hack, and there's nothing on that github page that says how the author knows those are bitfinex hack addresses.

https://gist.github.com/MrChrisJ/4a959a51a0d2be356cc2e89566fc1d87

This is the most pertinent post from that reddit thread.

FUD

FAKE NEWS

Agreed

The bitfinex hack was last summer, and yet that github list of addresses was only posted on 27 Jan 2017. Googling the first address on it gives no information linking it to the hack, only a small list of links to block explorers.

1D38A8TJHAQfEGdoirE1WpXPEh7NMNHT5L

Early this year someone made an unsuccessful attempt to start a panic dump by claiming the hacked coins had started moving. It's the same fake news again.

[spooderman]

ATH ON BITSTAMP??

[600watt]

1162,46

1163 

[Fakhoury]

ARE WE ON THE VERGE OF A WHOLE NEW WORLD ? #ATH

[ErisDiscordia]

NEW ATH ON BITSTAMP!

[Fakhoury]

[becoin]

Confirmed: 120,000 Bitcoins from the Bitfinex hack are now beginning to enter exchanges. What will be the effect of ~$130,000,000 worth of Bitcoin being dumped into the market?
https://www.reddit.com/r/Bitcoin/comments/5vr8xg/confirmed_120000_bitcoins_from_the_bitfinex_hack/

Bear trolls are desperate.
Bitcoin train is unstoppable.

[gentlemand]

Hot damn. It certainly made us wait for that one. Good to see once more. Congrats to anyone who sat through the entire thing.

[Holliday]

WAT?!

[petahashminer]

ATH has beaten in bitstamp.

lol, what is the stop guys

GOLD price or or 10K dollars?

[frontell]

wooooohoooo

[HI-TEC99]

The question is: what will this silly graphic at bitcoinity be when the ATH breaks?

It's bender from Futurama this time.





I prefer bender to the Sesame Street character they used at $200.





However, the spaceman at $1000 was an appropriate choice.

[bitcoinvest]

One of the best, actually the BTCest screenshot for today!!! +1

I see Kraken sell orders are eaten like crazy!!! Wow BTCitcoin!

[strawbs]

This feels like 2013 all over again. But without all the Gox bullshit and Chinese fake volumes. In fact, this feels SO much better than 2013  

[Holliday]

This feels like 2013 all over again. But without all the Gox bullshit and Chinese fake volumes. In fact, this feels SO much better than 2013  

I dunno, in 2013 a $1k bitcoin was insane, now it seems low to me.

[Wexlike]

All time high ! Yay  

Feels like october 2013.

[Ted E. Bare]

LOVE IT! Bitcoin party