Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18316.

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: marcus_of_augustus on August 03, 2016, 07:46:12 PM

... too funny.

In all seriousness, we have had some progress:

MyBitcoin was an excel spreadsheet on some anonymous guys laptop
Mt. Gox was a web based exchange written in PHP
Bitfinex was web based exchange written in Ruby

... continuing on this evolutionary arc next we'll have the new 'biggest' bitcoin Javascript-based exchange blow-up, then a java-based exchange, one day some real coders and security guys will decide to start an trustless, dark exchange because the financial shilly types, lawyers, regulator parasites and govvy agents have been run out of town with bigger problems (of the lamposts and nooses type)

(don't forget the pitch forks, and of course the classic of drowning bankers in the nearest river)

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

... too funny.

In all seriousness, we have had some progress:

MyBitcoin was an excel spreadsheet on some anonymous guys laptop
Mt. Gox was a web based exchange written in PHP by some tubby french guy bouncing on a Swiss ball nursing a frappucino
Bitfinex was web based exchange written in Ruby by some HK hedge fund wannabes

... continuing on this evolutionary arc next we'll have the new 'biggest' bitcoin Javascript-based exchange blow-up, then a java-based exchange, one day some real coders and security guys will decide to start an trustless, dark exchange because the financial shilly types, lawyers, regulator parasites and govvy agents have been run out of town with bigger problems (of the lamposts and nooses type)

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: marcus_of_augustus on August 03, 2016, 07:33:20 PM

Quote from: aminorex on August 03, 2016, 07:25:40 PM

Quote from: aminorex on August 03, 2016, 02:20:13 PM

Monkey thinks BTC turns down again in about an hour. He does not think the dumps are over, by any means. But he does tend to lag on that issue, historically. https://www.youtube.com/watch?v=8XpZ8mKlS-c

Wrong. But monkey is still leaning slightly bearish, with resistance at 605, support at 440, for the overnight.

medevlo

member

Activity: 98

Merit: 10

And up we goooooo...
almost to $570..
come on you bloody bastard ... SKY! Roll Eyes

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: aminorex on August 03, 2016, 07:25:40 PM

Quote from: aminorex on August 03, 2016, 02:20:13 PM

Monkey thinks BTC turns down again in about an hour. He does not think the dumps are over, by any means. But he does tend to lag on that issue, historically. https://www.youtube.com/watch?v=8XpZ8mKlS-c

Wrong. But monkey is still leaning slightly bearish, with resistance at 605, support at 440, for the overnight.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: aminorex on August 03, 2016, 02:20:13 PM

Monkey thinks BTC turns down again in about an hour. He does not think the dumps are over, by any means. But he does tend to lag on that issue, historically. https://www.youtube.com/watch?v=8XpZ8mKlS-c

Wrong. But monkey is still leaning slightly bearish, with resistance at 605, support at 440, for the overnight.

empowering

legendary

Activity: 1078

Merit: 1441

Decentralised exchanges please... (and yes I know Bitsquare)

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

...and yeah, govvy shills are gonna try and pump regulated exchanges hard around about now ... like Lehman Brothers, Bear Stearns, Jon Corzine MF Global all regulated by CFTC ... lovely stuff, if they can;t trace you they'll hunt you down and rip you off using criminal tactics "whatever it takes" to enforce the monetary tyranny

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: marcus_of_augustus on August 03, 2016, 07:15:29 PM

Quote from: empowering on August 03, 2016, 06:58:31 PM

"To accommodate the relaunch, all withdrawals, open orders, and open funding offers will be canceled"

Angry

Yup I had a few coins on there in a few old margin accounts - liquidation points around and or sub $150

Ah well- tis what it tis I was under zero illusion- no big loss.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: empowering on August 03, 2016, 06:58:31 PM

"To accommodate the relaunch, all withdrawals, open orders, and open funding offers will be canceled"

Angry

empowering

legendary

Activity: 1078

Merit: 1441

"To accommodate the relaunch, all withdrawals, open orders, and open funding offers will be canceled"

Angry

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: Spaceman_Spiff on August 03, 2016, 06:41:15 PM

Quote from: ?? on ??

If you are trading a larger spectrum, like "oh it's 550 today, I think it will rebound to 600+ levels in a week", why would I keep my money on the exchange? I'll buy at 550, take it to my wallet, return it to the exchange in a week, sell them then, get my fiat.

because you were waiting for a dip in the 5xx s and had bids ready to take a big leveraged long position? FML

If I'm waiting a dip to buy with my fiat, then my problem is not the 10-40m confirmation times of bitcoin, but the eons of time that bank wires take.

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: ?? on ??

If you are trading a larger spectrum, like "oh it's 550 today, I think it will rebound to 600+ levels in a week", why would I keep my money on the exchange? I'll buy at 550, take it to my wallet, return it to the exchange in a week, sell them then, get my fiat.

because you were waiting for a dip in the 5xx s and had bids ready to take a big leveraged long position? FML

rolling

hero member

Activity: 824

Merit: 712

https://bitfinex.statuspage.io/

New update just posted...

lemmyK

sr. member

Activity: 293

Merit: 250

ANTMINER S9-B9, 12.93 TH/s. Sold out
Speed: 12.93
Weight: 5.5 kg
Price: 3.05 BTC
( 1699.16 USD ) ;Dlololololol Grin

forget(!) after all in last 2 days .. 800-1000 MAX Cool

Sold Out

TReano

sr. member

Activity: 448

Merit: 256

Quote from: marcus_of_augustus on August 03, 2016, 05:42:56 PM

Quote from: TReano on August 03, 2016, 05:37:22 PM

Welcome to the next bear Market, brought to you by Mt. FinexShit. Grin

... which exchange are you short on?? ..and do you really expect to get some coins out before the inevitable?

what are you talking about?

Yes I closed my short already and looking for a new short entry on this bounce. Good Luck staying long in this situation.

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: BlindMayorBitcorn on August 03, 2016, 06:03:05 PM

Quote from: AlexGR on August 03, 2016, 05:59:03 PM

Quote from: BlindMayorBitcorn on August 03, 2016, 05:51:57 PM

Quote from: AlexGR on August 03, 2016, 05:46:15 PM

Quote from: TReano on August 03, 2016, 05:37:22 PM

Welcome to the next bear Market, brought to you by Mt. FinexShit. Grin

Hack = 75mn
Marketcap lost something like 1.5 to 2.5 billions (depending when you look at it).

In other words, the market overreacted so it will inevitably bounce back because a 75mn hack cannot account for the marketcap fall. Short-term market action is kind of irrelevant in the larger scheme of things.

120,000 coins could clear every book on every exchange down to single digits. Correct me if I'm wrong.

That makes an even better case because if he sells to crash the price, he'll not be making 75mn but something like 10-20mn. In which case a 10-20mn amount can't have a serious effect in a 10bn marketcap, except as a short-term anomaly.

That, or market cap is sort of fake.

It is fake, due to constant price suppression with coins that don't exist, coins that are confiscated, hacked, etc etc. It should be 20bn+.

conspirosphere.tk

legendary

Activity: 2352

Merit: 1064

Bitcoin is antisemitic

Quote from: BlindMayorBitcorn on August 03, 2016, 06:08:25 PM

Quote from: conspirosphere.tk on August 03, 2016, 06:06:06 PM

Quote from: BlindMayorBitcorn on August 03, 2016, 05:51:57 PM

120,000 coins could clear every book on every exchange down to single digits. Correct me if I'm wrong.

that would make the hole in Bitfinex much smaller, not to speak of making the scene 10 times more wild and interesting.
But it can't happen. It's not like BTC has been hacked or hardforked by a coup d'etat.

What makes you say that? The Stamp hackers got away with the loot, didn't they?

And why do you assume static books? Once the dust settles, it's game on again. I can even imagine myself buying moar at a good discount.

paratox

full member

Activity: 124

Merit: 100

Quote from: TReano on August 03, 2016, 06:02:45 PM

You can't count it like that. That's way to simple.

Trust is the most important thing for a currency. And Trust go completely crushed yesterday. The biggest Western exchange lost the majority of their coins. Why would any new money keep floating into any exchanges now?

Trust in bitfinex got crushed, not in the currency itself.

There a lot of other exchanges, some even older than bitfinex.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: conspirosphere.tk on August 03, 2016, 06:06:06 PM

Quote from: BlindMayorBitcorn on August 03, 2016, 05:51:57 PM

120,000 coins could clear every book on every exchange down to single digits. Correct me if I'm wrong.

that would make the hole in Bitfinex much smaller, not to speak of making the scene 10 times more wild and interesting.
But it can't happen. It's not like BTC has been hacked or hardforked by a coup d'etat.

What makes you say that? The Stamp hackers got away with the loot, didn't they?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18316. (Read 26608143 times)