Mt. GOX is back up! ~ did you guys miss the news? :-D
That is so not funny.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17421. (Read 26709821 times)
April 11, 2017, 02:48:27 PM
That is so not funny.
April 11, 2017, 02:46:14 PM
So what's the target here?
$1350 was an anomaly but I seem to remember 1290 being breached. If we get through 1300 that is definitely a massive positive.
$1350 was an anomaly but I seem to remember 1290 being breached. If we get through 1300 that is definitely a massive positive.
It's already a massive positive after having gotten past $1200...
Therefore, at this time, we do not need to consider $1,300 as a significant resistance point, and yes, the testing of $1,350 seems to be decently likely in the coming 1-2 weeks.
Sure, I could be wrong about resistance at $1300 but I am thinking that $1200 was the resistance point.. that is kind of in the rearview mirrors, at this time.
April 11, 2017, 01:40:08 PM
So here we are, the bad news is on ?!
April 11, 2017, 01:32:50 PM
Would it result in a GOX like crash? Interesting scenario.
Bitfinex would still be solvent, unlike Gox, but with no way of getting USD out of there then the only way out is BTC. Gox was usually 5-10% above everywhere else because of that for a long time.
I'm not sure whether their channels are the same for deposits though. If all USD supply dried up it would become pretty irrelevant.
I really hate exchanges. I dont know any that havent robbed their customers. Huobi and Okcoin frozen, traders on kraken lost their money multiple times because of buggs. Gox, well we know how that went wrong. Now Bitifex screwing things up. Miners and exchanges are bitcoins weak spot.
While Bfx are definitely crooks on so many levels, how exactly are they screwing up in this situation? A bank that they are not banking with is blocking their wires.
Thanks, I didnt know that. Well we all know the love hate relation between banks and btc.
April 11, 2017, 01:27:34 PM
Would it result in a GOX like crash? Interesting scenario.
Bitfinex would still be solvent, unlike Gox, but with no way of getting USD out of there then the only way out is BTC. Gox was usually 5-10% above everywhere else because of that for a long time.
I'm not sure whether their channels are the same for deposits though. If all USD supply dried up it would become pretty irrelevant.
I really hate exchanges. I dont know any that havent robbed their customers. Huobi and Okcoin frozen, traders on kraken lost their money multiple times because of buggs. Gox, well we know how that went wrong. Now Bitifex screwing things up. Miners and exchanges are bitcoins weak spot.
While Bfx are definitely crooks on so many levels, how exactly are they screwing up in this situation? A bank that they are not banking with is blocking their wires.
April 11, 2017, 01:25:37 PM
Would it result in a GOX like crash? Interesting scenario.
Bitfinex would still be solvent, unlike Gox, but with no way of getting USD out of there then the only way out is BTC. Gox was usually 5-10% above everywhere else because of that for a long time.
I'm not sure whether their channels are the same for deposits though. If all USD supply dried up it would become pretty irrelevant.
I really hate exchanges. I dont know any that havent robbed their customers. Huobi and Okcoin frozen, traders on kraken lost their money multiple times because of buggs. Gox, well we know how that went wrong. Now Bitifex screwing things up. Miners and exchanges are bitcoins weak spot.
April 11, 2017, 01:15:34 PM
Gentlemen, where do we choose to go?
^some say the moooon
why we say the moooon?? ..why is the our goal??? ...bitcoin chooses to gogogo to the moooon \_((BvB))_/==*eZ^$$$
^some say the moooon
why we say the moooon?? ..why is the our goal??? ...bitcoin chooses to gogogo to the moooon \_((BvB))_/==*eZ^$$$1400-1500 USD.
is the goal calculated by me if we dont get a FUD attack or Bitifex Gox like crash. segwit+BIGGER_BLOCKS~2MB=$2000 :-D WEEEEEEE
April 11, 2017, 01:11:24 PM
Would it result in a GOX like crash? Interesting scenario.
Bitfinex would still be solvent, unlike Gox, but with no way of getting USD out of there then the only way out is BTC. Gox was usually 5-10% above everywhere else because of that for a long time.
I'm not sure whether their channels are the same for deposits though. If all USD supply dried up it would become pretty irrelevant.
Mt. GOX is back up! ~ did you guys miss the news? :-D
April 11, 2017, 01:10:17 PM
Gentlemen, where do we choose to go?
^some say the moooon
why we say the moooon?? ..why is the our goal??? ...bitcoin chooses to gogogo to the moooon \_((BvB))_/==*eZ^$$$1400-1500 USD.
is the goal calculated by me if we dont get a FUD attack or Bitifex Gox like crash. segwit+BIGGER_BLOCKS~2MB=$2000 :-D WEEEEEEE
April 11, 2017, 01:09:46 PM
Would it result in a GOX like crash? Interesting scenario.
Bitfinex would still be solvent, unlike Gox, but with no way of getting USD out of there then the only way out is BTC. Gox was usually 5-10% above everywhere else because of that for a long time.
I'm not sure whether their channels are the same for deposits though. If all USD supply dried up it would become pretty irrelevant.
April 11, 2017, 01:08:21 PM
Gentlemen, where do we choose to go?
^some say the moooon
why we say the moooon?? ..why is the our goal??? ...bitcoin chooses to gogogo to the moooon \_((BvB))_/==*eZ^$$$1400-1500 USD.
is the goal calculated by me if we dont get a FUD attack or Bitifex Gox like crash. April 11, 2017, 01:07:19 PM
A post on reddit questions whether that bank wanted bitfinex to sue it. If the bank loses and the government questions why its processing bitfinex wires it can say it was ordered to by a court. Likewise, if the bank wins it doesn't have to worry about trouble from the government. Whatever the result it will straighten out the legalities of processing wires from exchanges.
Makes sense. In the meantime we're going to end up with BFX doing a Gox style price uncoupling which isn't a good look for anyone.
April 11, 2017, 01:06:42 PM
Gentlemen, where do we choose to go?
^some say the moooon
why do we say the moooon?? ..why is this our goal??? ...bitcoin chooses to gogogo to the moooon \_((BvB))_/==*eZ^$$$++##1337x April 11, 2017, 01:05:02 PM
A post on reddit questions whether that bank wanted bitfinex to sue it. If the bank loses and the government questions why its processing bitfinex wires it can say it was ordered to by a court. Likewise, if the bank wins it doesn't have to worry about trouble from the government. Whatever the result it will straighten out the legalities of processing wires from exchanges.
Makes sense. In the meantime we're going to end up with BFX doing a Gox style price uncoupling which isn't a good look for anyone.
April 11, 2017, 12:53:24 PM
Let's go Michael Jordan!
April 11, 2017, 12:50:58 PM
Looks like we are building the next pump&dump.
Bitcoin has no chill lol.
Anyway this doesnt look very sustainable.
Beware guys, wait for it to rise some more and after that we have an oldschool pump&dump like never before because of the high volume.
It will be a nice mess like always
Bitcoin has no chill lol.
Anyway this doesnt look very sustainable.
Beware guys, wait for it to rise some more and after that we have an oldschool pump&dump like never before because of the high volume.
It will be a nice mess like always
April 11, 2017, 12:42:40 PM
Still little or no mention of Bitfinex's Well Fargo lawsuit?
http://www.coindesk.com/bitcoin-exchange-bitfinex-sues-wells-fargo-over-bank-transfer-freeze/
I assume not that much actual USD is withdrawn from there but even so that's a rather important part of any exchange's functionality.
I really can't see how BFX could win this. I assume the banking business is discretionary and they wouldn't be the type of customer any bank would particularly want and I'm surprised it hasn't happened sooner.
http://www.coindesk.com/bitcoin-exchange-bitfinex-sues-wells-fargo-over-bank-transfer-freeze/
I assume not that much actual USD is withdrawn from there but even so that's a rather important part of any exchange's functionality.
I really can't see how BFX could win this. I assume the banking business is discretionary and they wouldn't be the type of customer any bank would particularly want and I'm surprised it hasn't happened sooner.
A post on reddit questions whether that bank wanted bitfinex to sue it. If the bank loses and the government questions why its processing bitfinex wires it can say it was ordered to by a court. Likewise, if the bank wins it doesn't have to worry about trouble from the government. Whatever the result it will straighten out the legalities of processing wires from exchanges.
IMO any bank is legally obliged to block a suspicious wire, but I don't think they can block all wires from a particular company without a reason. Bitfinex wouldn't be suing if it didn't think it could win. i know banks can block a customer without giving a reason, but an intermediary bank blocking a business without a reason could bankrupt it.
April 11, 2017, 12:35:30 PM
April 11, 2017, 12:31:26 PM
So what's the target here?
$1350 was an anomaly but I seem to remember 1290 being breached. If we get through 1300 that is definitely a massive positive.
$1350 was an anomaly but I seem to remember 1290 being breached. If we get through 1300 that is definitely a massive positive.
April 11, 2017, 12:27:16 PM
Still little or no mention of Bitfinex's Well Fargo lawsuit?
http://www.coindesk.com/bitcoin-exchange-bitfinex-sues-wells-fargo-over-bank-transfer-freeze/
I assume not that much actual USD is withdrawn from there but even so that's a rather important part of any exchange's functionality.
I really can't see how BFX could win this. I assume the banking business is discretionary and they wouldn't be the type of customer any bank would particularly want and I'm surprised it hasn't happened sooner.
http://www.coindesk.com/bitcoin-exchange-bitfinex-sues-wells-fargo-over-bank-transfer-freeze/
I assume not that much actual USD is withdrawn from there but even so that's a rather important part of any exchange's functionality.
I really can't see how BFX could win this. I assume the banking business is discretionary and they wouldn't be the type of customer any bank would particularly want and I'm surprised it hasn't happened sooner.
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