BTC-E.COM NICE RECOVERY FROM THE HACK! =) - page 10.

Tittiez

hero member

Activity: 686

Merit: 500

Quote from: EnergyVampire on July 30, 2012, 11:36:25 PM

Not a remote chance imo because:
1. Millionaires don't become millionaires by paying 5x-10x more than something is worth.
2. A millionaire wouldn't use a site like BTC-e.
3. There are way better methods to launder money without making a scene.

Cheesy

Like I said before, I x4'd my money because of whatever happened. I'm sure he may have bought a few hundred REALLY LOW (~8.80), then sold that few hundred REALLY HIGH ($60) Rofl

Bjork

sr. member

Activity: 457

Merit: 250

Look for the bear necessities!!

Anyone who wants, is free to deposit their coins and sell them on BTC-E.

There are currently <20 BTC total depth, with roughly $200,000 USD worth of buy orders Roll Eyes

Yankee (BitInstant)

legendary

Activity: 1078

Merit: 1000

Charlie 'Van Bitcoin' Shrem

BTC-E should be waking up now.

Will post an update when I speak to Alexey

EnergyVampire

full member

Activity: 210

Merit: 100

Quote from: Tittiez on July 30, 2012, 11:30:36 PM

Has anyone been thinking.. That MAYBE this is REAL? Think about it, It is possible someone threw a million dollars onto btc-e from LR and fucked up the market. MAYBE YOU COULD SELL YOUR COINS FOR $60 RIGHT NOW.

Not a remote chance imo because:
1. Millionaires don't become millionaires by paying 5x-10x more than something is worth.
2. A millionaire wouldn't use any unknown random site hosted on a cloud to handle his/her finances.
3. There are way better methods to launder money without making a scene.

Cheesy

ThiagoCMC

legendary

Activity: 1204

Merit: 1000

฿itcoin: Currency of Resistance!

Quote from: cryptoanarchist on July 30, 2012, 11:34:32 PM

Just found out about this. Anyone else able to withdraw their BTC? The site shows my BTC withdraw as completed but its not showing up on my end yet.

Same here...

Tittiez

hero member

Activity: 686

Merit: 500

Quote from: Bjork on July 30, 2012, 11:31:40 PM

Why would they do that when they could buy on other exchanges for much less

Because with the price fluctuating there is money to be made. I x4'd my money today because of this.

cryptoanarchist

legendary

Activity: 1120

Merit: 1003

Just found out about this. Anyone else able to withdraw their BTC? The site shows my BTC withdraw as completed but its not showing up on my end yet.

DiCE1904

legendary

Activity: 1118

Merit: 1002

made 900USD off of the trade bubble. Traded the USD into LTC to transfer out because I dont think that the website will still be there tomorrow....when I went to withdraw my LTC the page timed out, lost all my LTC lol. Easy come easy go. Hopefully that 900USD worth of LTC wasn't "Real" Cry

oh well. it was fun while it lasted

TraderTimm

legendary

Activity: 2408

Merit: 1121

I guess we'll find out if it is 'real' when it crosses the theoretical $99 barrier. I still think it is a hack. Bitcoin charts shows a recent spike of $80, so not long now...

http://bitcoincharts.com/charts/btceUSD#rg1ztgSzm1g10zm2g25

Bjork

sr. member

Activity: 457

Merit: 250

Look for the bear necessities!!

Quote from: Tittiez on July 30, 2012, 11:30:36 PM

Has anyone been thinking.. That MAYBE this is REAL? Think about it, It is possible someone threw a million dollars onto btc-e from LR and fucked up the market. MAYBE YOU COULD SELL YOUR COINS FOR $60 RIGHT NOW.

Why would they do that when they could buy on other exchanges for much less

Tittiez

hero member

Activity: 686

Merit: 500

Quote from: Bjork on July 30, 2012, 11:28:51 PM

Quote from: kiwiasian on July 30, 2012, 11:26:38 PM

Has anyone tried buying/selling with success?

that's not the problem, the problem is withdrawing any USD (that doesn't exist)

USD Withdraws take up to 24 hours.

kiwiasian

full member

Activity: 168

Merit: 100

Quote from: Bjork on July 30, 2012, 11:28:51 PM

Quote from: kiwiasian on July 30, 2012, 11:26:38 PM

Has anyone tried buying/selling with success?

that's not the problem, the problem is withdrawing any USD (that doesn't exist)

Sell BTC for fake USD, then use that same fake USD to buy bitcoins back and withdraw to wallet. The USD may be fake and not actually there but it should still be able to be traded for BTC

kentrolla

hero member

Activity: 1652

Merit: 569

Catalog Websites

any thoughts on how this will effect the price of bitcoin?

Tittiez

hero member

Activity: 686

Merit: 500

Has anyone been thinking.. That MAYBE this is REAL? Think about it, It is possible someone threw a million dollars onto btc-e from LR and fucked up the market. MAYBE YOU COULD SELL YOUR COINS FOR $60 RIGHT NOW.

Bjork

sr. member

Activity: 457

Merit: 250

Look for the bear necessities!!

Quote from: kiwiasian on July 30, 2012, 11:26:38 PM

Has anyone tried buying/selling with success?

that's not the problem, the problem is withdrawing any USD (that doesn't exist)

kiwiasian

full member

Activity: 168

Merit: 100

Has anyone tried buying/selling with success?

Mike Jones

newbie

Activity: 14

Merit: 0

Quote from: mav on July 30, 2012, 11:08:54 PM

Quote from: Mike Jones on July 30, 2012, 10:54:50 PM

You don't use MySQL or any database template for finances. You can't go any less than custom for these types of things.

BTC-E learned the hard way.

No database template... So what sort of custom solutions are you suggesting? Custom database software? I would have thought that a properly set up and designed database would be excellent for financial purposes due to the ACID nature of them. Please do share your thoughts on this, I am very interested.

I don't know much. I just think database design (from the ground-up) should be structured and limited, especially when it comes to finances. Security should be inherent and you don't see that in one-size-fits-all solutions.

TraderTimm

legendary

Activity: 2408

Merit: 1121

Damn man, we *so* don't need this. I can only guess how this is going to spread throughout the internet. My sympathies to those affected, but honestly all you can really do to mitigate risk is not hold balances. I realize that isn't a choice everyone can stick to, but it sure helps.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: kiba on July 30, 2012, 10:56:30 PM

Why is it unlikely btc-e have no cold storage wallet. Doesn't all exchange have a cold wallet?

Not in mother Russia apparently.

Quote from: Bjork on July 30, 2012, 11:07:41 PM

Why can't I talk in btc-e chat?

You likely logged out. Try logging back in.

mav

full member

Activity: 169

Merit: 107

Quote from: Mike Jones on July 30, 2012, 10:54:50 PM

You don't use MySQL or any database template for finances. You can't go any less than custom for these types of things.

BTC-E learned the hard way.

No database template... So what sort of custom solutions are you suggesting? Custom database software? I would have thought that a properly set up and designed database would be excellent for financial purposes due to the ACID nature of them. Please do share your thoughts on this, I am very interested.

Topic: BTC-E.COM NICE RECOVERY FROM THE HACK! =) - page 10. (Read 51047 times)