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uhoh
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April 17, 2014, 12:03:39 AM |
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This is the price to be paid for an exchange that is less likely to be shuttered. Why not use LBC or BTC-e?
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jonoiv
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April 17, 2014, 12:14:47 AM |
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CRYPTSY HACKED!!!! LOL  is this a joke? |
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MatTheCat
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April 17, 2014, 12:15:04 AM |
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I agree. But the general infrastructure is robust: excessive measures by any single exchange hurt that exchange more than anything, and therefore the competition keeps them at check.
My "permabullness" has lasted for exactly 50 days now. Before that I was a bear for 97 days, almost twice as long!
Problem is that Bitstamp are the only large exchange that I don't think are operating a fractional reserve Bitcoin operation. Bitstamp has always required 3 confirmations before any BTC transaction is verified. Both Bitfinex and BTC-E have credited transactions before a single confirmation in the block chain. I say it is likely that both have been hacked and robbed. The $100 flash crash on both these exchanges is certainly an indication that something very amiss has affected them both. In short, I trust Bitstamp as a safe place to have funds lying around but think everywhere else is dodgy as fuck. |
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RoadTrain
Legendary
 Offline
Activity: 1386
Merit: 1009
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April 17, 2014, 12:19:26 AM |
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I agree. But the general infrastructure is robust: excessive measures by any single exchange hurt that exchange more than anything, and therefore the competition keeps them at check.
My "permabullness" has lasted for exactly 50 days now. Before that I was a bear for 97 days, almost twice as long!
Problem is that Bitstamp are the only large exchange that I don't think are operating a fractional reserve Bitcoin operation. Bitstamp has always required 3 confirmations before any BTC transaction is verified. Both Bitfinex and BTC-E have credited transactions before a single confirmation in the block chain. I say it is likely that both have been hacked and robbed. The $100 flash crash on both these exchanges is certainly an indication that something very amiss has affected them both. In short, I trust Bitstamp as a safe place to have funds lying around but think everywhere else is dodgy as fuck. (Bold) When? |
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jonoiv
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April 17, 2014, 12:25:23 AM |
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I think we can all agree, things will only get better from here.
LOL.. for a minute their I thought you were serious. You're right though, it's looking so bearish it's frightening. |
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p0peji
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April 17, 2014, 12:28:48 AM |
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I think we can all agree, things will only get better from here.
LOL.. for a minute their I thought you were serious. You're right though, it's looking so bearish it's frightening. Bearish? I think the market is pretty bullish atm, could you elaborate on why it is bearish atm? |
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MatTheCat
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April 17, 2014, 12:29:49 AM |
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(Bold) When?
Many times during Nov 2013 when I was using them for Litecoins via sending BTC over to my account there. Bitfinex also credited transactions super fast, after only 1 confirmation on many occasions for me. After the 'double spending' news hit, both these exchanges really started to drag their heels on transactions, keeping only a minimal amount of BTC in their 'hot wallets'. I waited 8 hours on a Bitfinex BTC transaction from exchange to my cold wallet to carryout as their 'hot wallet' was empty. |
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RoadTrain
Legendary
Offline
Activity: 1386
Merit: 1009
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April 17, 2014, 12:33:05 AM |
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(Bold) When?
Many times during Nov 2013 when I was using them for Litecoins via sending BTC over to my account there. Bitfinex also credited transactions super fast, after only 1 confirmation on many occasions for me. After the 'double spending' news hit, both these exchanges really started to drag their heels on transactions, keeping only a minimal amount of BTC in their 'hot wallets'. I waited 8 hours on a Bitfinex BTC transaction from exchange to my cold wallet to carryout as their 'hot wallet' was empty. Don't really know what you're talking about, been trading at BTC-e since 2012 and BTC deposits always took 3 confirms for me to be credited. |
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Stevenrm87
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April 17, 2014, 12:38:04 AM |
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(Bold) When?
Many times during Nov 2013 when I was using them for Litecoins via sending BTC over to my account there. Bitfinex also credited transactions super fast, after only 1 confirmation on many occasions for me. After the 'double spending' news hit, both these exchanges really started to drag their heels on transactions, keeping only a minimal amount of BTC in their 'hot wallets'. I waited 8 hours on a Bitfinex BTC transaction from exchange to my cold wallet to carryout as their 'hot wallet' was empty. Don't really know what you're talking about, been trading at BTC-e since 2012 and BTC deposits always took 3 confirms for me to be credited. Same with me, been trading since april, 2013 |
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JayJuanGee
Legendary
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Activity: 3892
Merit: 11103
Self-Custody is a right. Say no to"Non-custodial"
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April 17, 2014, 12:45:43 AM |
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I think we can all agree, things will only get better from here.
LOL.. for a minute their I thought you were serious. You're right though, it's looking so bearish it's frightening. Bearish? I think the market is pretty bullish atm, could you elaborate on why it is bearish atm? Yeah... we may NOT see $400s again... looks like BTC could be revving up for a take off - just a matter about how long it is going to take before it begins to edge up on a more permanent basis... and maybe even float into the $750-$850 range. that would be bullish |
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PoolMinor
Legendary
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Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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April 17, 2014, 12:49:34 AM |
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ChartBuddy
Legendary
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Activity: 2352
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 17, 2014, 01:00:19 AM |
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cee-euros
Member
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Activity: 88
Merit: 10
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April 17, 2014, 01:03:19 AM |
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classic bitcoin
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chessnut
Legendary
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Activity: 924
Merit: 1001
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April 17, 2014, 01:03:46 AM |
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 possible short scalp for the day, or long entry target. buying all I can at 480 - 500.[/img] |
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jl2012
Legendary
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Activity: 1792
Merit: 1111
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April 17, 2014, 01:06:20 AM |
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His private venture has invested in Bitpay |
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jonoiv
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April 17, 2014, 01:14:10 AM |
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I think we can all agree, things will only get better from here.
LOL.. for a minute their I thought you were serious. You're right though, it's looking so bearish it's frightening. Bearish? I think the market is pretty bullish atm, could you elaborate on why it is bearish atm? It's looking dumptastic mate ! Really. that pump was IMHO to manipulate the 4 Hour MACD so they can offload some more coins. I won't take any bets, but I dumped already, just waiting now.   |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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April 17, 2014, 01:27:37 AM |
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idea - if I have 2 BTC on BFX, and buy 1 BTC on 1:1 leverage, that position would never need to be liquidated correct? that way I can ride the next wave to 10k  with 1/3 x more BTC than I have now, and never risk that position liquidating? sounds good right? |
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jonoiv
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April 17, 2014, 01:31:27 AM |
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idea - if I have 2 BTC on BFX, and buy 1 BTC on 1:1 leverage, that position would never need to be liquidated correct? that way I can ride the next wave to 10k with 1/3 x more BTC than I have now, and never risk that position liquidating? sounds good right? you mean hedging? |
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aminorex
Legendary
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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April 17, 2014, 01:34:35 AM |
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idea - if I have 2 BTC on BFX, and buy 1 BTC on 1:1 leverage, that position would never need to be liquidated correct?
that is not correct |
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Poll
