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

[JayJuanGee]

JJG is heavily invested in BTC and wants to profit, thus he cheerleads.  Can't blame him, he's acting in his own best interest.
 

O.k.  I will admit that I am generally and overall bullish about bitcoin, but I doubt that means that I am engaging in "cheerleading".  I prepare my portfolio for the price to go either up or down, and therefore, I do not attempt to cause pumping or dumping through my posts and I attempt to be objective in my predictions to the extent that is possible with all of us being humans (alright I admit that I am not a bot).

I think that part of my point is that you can be bullish about bitcoin, but that does not mean that your comments are biased.. because in the end, bitcoin is a bullish phenomenon and it is something that the world has not seen prior to its invention.. it is simply unique and it is something in which informed people should be bullish about, once they sufficiently understand it (which is also not an easy thing to accomplish and I don't even claim to understand bitcoin in full, but I believe that I "sufficiently" understand it in order to sort through a lot of the bullshit and the FUD spreading and the other disinformation that seems to present through some bitcoin threads, including this one).

[Elwar]

I switch from the Bitstamp price on my bitcoin app to Bitfinex and think

*ThatEscalatedQuickly.gif*

[Wexlike]

^_ sig spammer. 

[edgar]

#nonprofit


it was actually a 'subtle' dig at the previous poster (&his ilk) who fill up page after page after page with unedited jarring posts

[yefi]

tether is simply irrelevant because it is not being uses as much as you think it is. the volume that it has indicates it very well.
this is a new thing that i have been seeing you and a couple of rather newly created accounts are saying! and honestly i can't see how we can even start talking about USDT while there are a lot of other things wrong with these platforms that are much bigger.

I wouldn't exactly call 50 mil irrelevant, although its impact should be less than the Finex hack.

[machasm]

says the compulsive gambling addict who just quit his filthy habit for the 15th time this week

Lol, I took him off ignore just to see what you responded to.
Now back on ignore.

[Paashaas]

Ok, whats going on with Finex and Bearstamp? I'm staring to get worried about that $70 gab...

Alarm bells ringing about Finex withdraw problems?  I'm still waiting for there in depth analysis how they have been hacked

Or is it just lots of people from Asia buying coins?

[york780]

Ok, whats going on with Finex and Bearstamp? I'm staring to get worried about that $70 gab...

Alarm bells ringing about Finex withdraw problems?  I'm still waiting for there in depth analysis how they have been hacked

Or is it just lots of people from Asia buying coins?

Just a huge scam thats all. Bear whales and a revived Gox exchange. Nothing to worry about. Just let the magic scam do its work and steal the money, dissapear and start again with a different name. They are making tons of profit with that trapped money already. Well played by the bad guys. I already said it months ago, why do people still use exchanges? How many times do they need to steal money to make people aware of those criminals?

[BitcoinHodler]

mark my words, bitstamp is going to run away. and yes i said the name right bitSTAMP.

you are all busy with bitfinex being higher price and everyone panicking with their bitcoin buying frenzy on bitfinex to withdraw bitcoin to bitstamp and sell it there and as soon as bitstamp's big belly felt full enough they will announce "aww sorry guys we were hacked"

[bitebits]

^ Why?

[Ted E. Bare]

More realistic prospect: Nothing will happen. No hacks.

[BillyBobZorton]

Can anyone explain exactly why would bitSTAMP claim to getting hacked? what do they gain doing that this point? they don't have any problems. On the other hand bitfinex im pretty sure it's still hurting from the latest august "hack" (remember the BFX tokens?). It should have disappeared, they are just beating a dead horse.

[JimboToronto]

Good morning Bitcoinland.

I see we've crept up a little... currently $1224USD (Bitcoinaverage)

No big thing. We're still basically going sideways. Still, up is better than down.

Even Bearstamp is over $1200 now. Usually BTCe is lowest of the western exchanges but lately Stamp has been subject to a series of well-timed whale dumps and intimidation walls.

Even these aren't getting the job done and the price refuses to fall. Eventually they'll run out of coins to dump and the price will go up.

There's a lot more fiat than bitcoins.

Can anyone explain exactly why would bitSTAMP claim to getting hacked? what do they gain doing that this point? they don't have any problems.

I didn't hear anything about Stamp being hacked. I think it was just idle speculation by a forum poster.

[r0ach]

This is the scammiest market I've ever seen in my life.  $60 spreads while people pretend it's perfectly normal with no fraud at play.  I think someone from Bitfinex is going to jail eventually, or will just disappear into the sunset never to be seen again with all the cash, Big Vern Cryptsy style.

[BitcoinHodler]

^ Why?

why did any exchange get hacked so far?

Can anyone explain exactly why would bitSTAMP claim to getting hacked? what do they gain doing that this point? they don't have any problems.

I didn't hear anything about Stamp being hacked. I think it was just idle speculation by a forum poster.

it was half JokeSpeculation, half the fact that bitstamp is getting no attention but has a big volume.

[JimboToronto]

$60 spreads while people pretend it's perfectly normal with no fraud at play LOL.

Don't you think the fact that Finex's 4 Taiwanese banks have frozen transfers (under pressure from Wells Fargo) has something to do with it?

People with fiat there will pay an extreme premium for bitcoins just to get their money out.

That said, there's always been something fishy about Finex. No honest exchange would support something as sleazy as margin trading.

[gentlemand]

Don't you think the fact that Finex's 4 Taiwanese banks have frozen transfers (under pressure from Wells Fargo) has something to do with it?

I find it rather odd that this question is still popping up. The reasons are on Bitfinex's site and it's obvious why it is how it is.

[JayJuanGee]

Can anyone explain exactly why would bitSTAMP claim to getting hacked? what do they gain doing that this point? they don't have any problems. On the other hand bitfinex im pretty sure it's still hurting from the latest august "hack" (remember the BFX tokens?). It should have disappeared, they are just beating a dead horse.

A lot more weight is being given to the concepts of scams etc, which allows for more manipulation - yet the fact of the matter remains that bitfinex is likely going to resolve these various matters in the coming days - and it may take weeks for longer term fixes.

Furthermore, bitfinex's trade volume remains relatively strong which is hardly a sign of a dying exchange (you can allege "fake" volume all you like, but there is no real evidence that bitfinex's volume is fake).

[Biodom]

Don't you think the fact that Finex's 4 Taiwanese banks have frozen transfers (under pressure from Wells Fargo) has something to do with it?

I find it rather odd that this question is still popping up. The reasons are on Bitfinex's site and it's obvious why it is how it is.

it's not this simple, perhaps.
BTW, bitfinex uses USD or USDT?
btc in USDT is also abnormally higher on polo than on GDAX or coinbase (which use USD, of course).
maybe it is also related to tether, which never liked anyway.

[jbreher]

concerning Bitfinex's solvency, etc... , unless you just wanting to spread fear and just bullshit that is not really backed up by the facts

Well, there _is_ the fact that some time ago they lost quite a large sum of funds to theft. That is a _fact_ that directly impinges upon their solvency. Of course, we don't _know_ how significant that loss is in relation to their assets.

Have you seen their current balance sheet and P&L Statement? No? Hmmm.