Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18288. (Read 26608628 times)

I'm going to guess that the way Bitfinex has handled the debt is illegal on multiple levels and they are going to be hearing from the likes of CFTC again. You don't see anything like this happening in the real world.

How are you guys with Bitfinex withdrawals? Any of you got your money out of that mess?
According to coinmarketcap Bitfinex had a 38000 BTC trading volume in the last 24hrs
That's really nothing for finex

magic is owning 70million dollars
issuing a coin to represent said debt.
dumping the shit out of said coin
buying it all back for pennies on the dollar
thereby consolidating your debt at a huge discount.

mind blown.

it's magic!     \0/

everybody puts the coinz on the exchange ... everyone profits!!

so much win.

the net demand of 1 million traders that want to buy / sell 21BTC  trying to turn a profit in the process is 21million BTC

net demand of 21million bitcoin IMPLIES infinite price!!!

BUY BUY BUY!!!!!!!!!

   

troll logic, i love it

ok geniuses ... how much net demand can an exchange create??

ans : zip.

Not all that surprising, 'round these parts we have people who think exchanges and order books don’t matter in terms of the utility and value of their tokens. Perhaps BTC should only be sold at the local bullion/coin/curiosity shop to a subset of their customers, or P2P in a parking lot or alley… They think that 1MB blocks are perfectly appropriate for this point in the adoption/distribution curve, because decentralization that can fit in a single conference room. Segwit in April, Lightning sewn.

See?!  vvvvv

after watching ( and participating in ) market reacting to bitfinex hack
i'm now rethinking my 690 target in favor of 800



  800 bitches pay up

i'm with chesthing, "fuck all" is an exaggeration but obviously the biggest game in bitcoin town has been is likely to continue being for some time the buying and selling of bitcoins.
collectively traders have a high degree of control over price... and not only add liquidity but also bring prices higher and prevent and major jump/dip, if it drops like 30% in 5 min, you can bet your ass traders will buy it back up to 50% fib No questions asked.
IMO

Well, there'd be a discount, as buying and selling OTC carries a natural penalty. I'm not sure it would be worth "fuck all" however. There are plenty of illiquid assets that possess speculative value.

is Bitfinex processing withdrawals?

https://blockchain.info/address/35emx395afKAKAr72VoePVbu3FJvxLPVny
         https://blockchain.info/address/1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g

charlie lee ...did you see him at DEVCON CLASSIC the other day ,lols
https://www.youtube.com/watch?v=3Q3Bdtjo0X8&feature=youtu.be

i feel for anyone that holds ltc 

The virtual coins created in commemoration of the BFX losses of 2016, to which people attribute sentimental value too.

guys you seen this....https://www.youtube.com/watch?v=f7yVyIPATWc
Bruce Wanker on the Bitfinex Hack

^^ adam is haxor trying to panic troll BFX token holders into cheap selling

you'd be getting a sweeeeeet deal @ .31 cents if you ask me.

i mean wtf

first these tokens have a MAX value of 60million because bitfinex will never pay back more then the sum of the hack, its says so here:

second this token will only ever give back some money if.

 1) recovery of stolen property;
 2) funds raised in one or more financings;
 3) and available cash from ongoing operations

1) ya SURE that'll happen ( i guess it could but if the funds are not recovered within 24 hours they never are. )
2) ya SURE poeple will surely invest fully knowing BFX will turn around and us that money to pay back the losses they incurred....
    bitfinex: " Please isn't there a whale that can pay back everyone?? "
3) ya SURE bitfinex will start declaring profits ( not revenues which is what most of you calculate ) in excess of 1000BTC / month SURE!
    even if they did have 1000BTC left over after all the cost / salaries every month this would still mean it will take.... drum roll please
    10 years! to get your money back. but they wont they are not THAT profitable, their employees need to eat dont they?!?!?
    plus this clause is so vague it doesn't  explicitly say that ALL the profits would go to paying back the haircut... "available cash from ongoing operations"  "available cash",  

https://www.youtube.com/watch?v=xUVz4nRmxn4

this is nuts grab that .3183 and run!




sorry for the spelling mistakes, should of read what i wrote before posting ... lol wtv

voting is easy, selling is hard

50% voted they would dump them, yet less than 10% of these coin have been sold so far.

he'd spend 30 million to get back 3.6 million + 119K BTC.

so bitfinex hacker could buy up all the 0.32 BFX tokens and then hand back the 119k btc? ... laundered coins for 32% ... not bad?

edit: could collect the $3.6 million bounty from bitfinex for 'recovering' coins too