Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18321. (Read 26608013 times)
August 03, 2016, 07:33:25 AM
August 03, 2016, 07:29:56 AM
Price goes up and no one I know says a word.
~cough. COUGH!~
It's okay though, price seems to be recovering. Went up $6 as I was typing this. On stamp (secondary target).
Neah... its just 10-15 bucks... don't bother with that nonsense! ... When we are gonna see at least 50$ till 250$ jumps.. then it will be a party! ... We just had a party last night of 150$+ ... People increased their coin capital now they wait and maybe spend a bit of their profits that they just made last night/afternoon...
... I'm going to bed... its late! 
August 03, 2016, 07:04:36 AM
Is there a bitfinex replacement out there that offers leveraged trading to North American customers?
Dunno... But I recommend exchanges that require you a ton of personal information and that don't keep the coins or fiat on the exchange... and need like 10 security verification protocols. At least those are safe if you are not afraid of the government, and if those countries have permissive laws towards bitcoin... Try to find a country that actually plans to encourage BTCitcoin.
(*Edit: This if you want to be a trader... if you want to just buy for your personal stash&hold, you can just buy from one of the mainstream exchanges I guess.)
Gemini is starting to look pretty sweet after this. Maybe the twinkletossers will get some wind in their sails.
August 03, 2016, 07:03:38 AM
I came here to read all those "haha, you all are stupid and shouldn't use exchanges anyway!" posts and wasn't disappointed.
Anyway, good luck with raising a multi billion dollar market cap with localbitcoins and alleyway dealers, selling bitcoins from the trunk of their car
Anyway, good luck with raising a multi billion dollar market cap with localbitcoins and alleyway dealers, selling bitcoins from the trunk of their car
Hahaha .... "trunk of their car" part was excelent!!! ...
But you should know that more and more people are starting to be educated on things and issues as programming software and closed system technologies.
Thinking of cavemen using BTCitcoin is a weird picture to imagine and to aspire too!
August 03, 2016, 07:02:34 AM
This is what annoys me more than anything....
Price goes up and no one I know says a word.
Price goes down and I get photo messages of Bitcoin crashes news reports and links sent to me by so called friends saying oh dear.
People have a real issue with success but thrive on even their close friends losing money. (Even though I bought far far far lower than in the 500s)
It's hard not to bite.
Price goes up and no one I know says a word.
Price goes down and I get photo messages of Bitcoin crashes news reports and links sent to me by so called friends saying oh dear.
People have a real issue with success but thrive on even their close friends losing money. (Even though I bought far far far lower than in the 500s)
It's hard not to bite.
August 03, 2016, 06:55:06 AM
I had 31 BTC on Bitfinex.
My simple 3-step plan to bring about Universal Prosperity in just a couple of weeks:
1. Sell house for (what was it, $150k? After the jackboots got their pound of flesh, or before?)
2. Turn into ($625?) BTC = 240BTC = $150,000
2. Lose 31BTC =209BTC = ~$137,000
2. get ~15% haircut on 209BTC, because price consolidation = 188BTC =~$117.5k
2. ? ? ?
3. PROFIT!
It's okay though, price seems to be recovering. Went up $6 as I was typing this. On stamp (secondary target).
Meh...I still have twice the amount of money that I had a year ago. And I had a lot then. Just wish I was getting paid this Friday instead of next Friday.
The government used to steal more than that from me on a yearly basis. Now they don't.
August 03, 2016, 06:48:26 AM
The ironic thing is that I was going to take the $150k worth of bitcoins from the sale of my house and put it on Bitfinex so I could loan it out and get interest. I figured they had been stable for several years which is rare in the Bitcoin world.
Almost 2 months later and I'm still not finished moving it all to my cold storage address with all of the hoops I have to jump through to get it there.
Almost 2 months later and I'm still not finished moving it all to my cold storage address with all of the hoops I have to jump through to get it there.
Sorry for your loss.
Good to hear it wasn't your house money.
August 03, 2016, 06:39:58 AM
I came here to read all those "haha, you all are stupid and shouldn't use exchanges anyway!" posts and wasn't disappointed.
Anyway, good luck with raising a multi billion dollar market cap with localbitcoins and alleyway dealers, selling bitcoins from the trunk of their car
Anyway, good luck with raising a multi billion dollar market cap with localbitcoins and alleyway dealers, selling bitcoins from the trunk of their car
August 03, 2016, 05:57:22 AM
!!!!!DO NOT LEAVE YOUR COINZ ON EXCHANGES YOU FUCKING MORONS!!!!!
This.
Very naive, asset needs to be liquid to have value. To be liquid we need a place to exchange it for other assets, and that exchange place needs to be able to handle needed volume, and to do that someone needs to hold a lot of cash and assets on said exchange
imho we need decentralized exchanges.
https://bitsquare.io/
It's new and not much action. Open source! It seems to be set up and run well. I downloaded it but have not used it.
August 03, 2016, 05:35:35 AM
!!!!!DO NOT LEAVE YOUR COINZ ON EXCHANGES YOU FUCKING MORONS!!!!!
This.
Very naive, asset needs to be liquid to have value. To be liquid we need a place to exchange it for other assets, and that exchange place needs to be able to handle needed volume, and to do that someone needs to hold a lot of cash and assets on said exchange
you're too mixed up in the failed fiat system ... how many coinz have you lost to the exchange hacks mr. sophisticated?
How much more naive could you get than idiots that hand over their wealth to gambling houses in the expectation of endless profits? (Spare me the self-justifying bullshit about "liquidity" Bitfinex was a casino.)
You rubes seem to have an infinite capacity to keep getting taken ... keep putting up those big fat pots of fail army dosh and it'll end up in stronger hands every time ...
it's about time to fuck centralized exchanges.
migrate to otc, local bitcoin, opendime or whatevs... such practices also enables fungibility, which is seriously hampered with all the KYC/AML shitshow them obsolete exchanges make you silly go through... all this for *nothing* when they got hacked heh.
August 03, 2016, 05:29:54 AM
I'm not sure how that worked. They say Bitgo had one address, and it was 2 of 3 multi-sig so wouldn't that mean that Bitfinex had the other two addresses?
I certainly didn't have one of the three.
Me neither. Bitgo appeared on Twitter saying their lovely security hadn't been compromise in any way whatsoever - https://twitter.com/BitGo/status/760624908334346240
So, er, what were Bitfinex paying them for if what just happened is possible? It seems they had to set it up like that to please the US regulators who weren't allowing cold storage funds to be out for margin trading or something.
I haven't checked if this reddit poster is correct, but he says a Bitgo multisig key was used to steal the Bitcoins together with one Bitfinex multisig key. He says the other Bitfinex multisig key wasn't used, so if he's correct a Bitgo key must have been used despite its lovely security. He speculates that Bitfinex's login details for Bitgo might have been stolen.
https://www.reddit.com/r/Bitcoin/comments/4vtuxo/bitfinex_security_breach_trading_will_be_halted/d61yf5q
Quote
Private keys 1 and 3 of the 2-of-3 multisig were used to steal the funds. Key 1 is bitfinex key, key 3 is the bitgo key. Backup key was not used.
I checked that on theses txs https://blockchain.info/tx/600aefe0cdaeaa302541e0840b0373d6a0e65ad199655984fa91edeb6bbccc32 https://blockchain.info/tx/acd0a3417027a54a9192af46ea96cec314206ee273ae2b13b95d08b88f1edca0
Looks like the attacker obtained bitfinex private key and a) bitgo private key b) bitfinex's bitgo's username and password and authy's credentials (that allows the hacker to create new tokens and remove daily limits) or c) bitfinex's bitgo's token
I checked that on theses txs https://blockchain.info/tx/600aefe0cdaeaa302541e0840b0373d6a0e65ad199655984fa91edeb6bbccc32 https://blockchain.info/tx/acd0a3417027a54a9192af46ea96cec314206ee273ae2b13b95d08b88f1edca0
Looks like the attacker obtained bitfinex private key and a) bitgo private key b) bitfinex's bitgo's username and password and authy's credentials (that allows the hacker to create new tokens and remove daily limits) or c) bitfinex's bitgo's token
August 03, 2016, 04:48:41 AM
I had 31 BTC on Bitfinex. It was likely one of the hacked addresses.
I hope they compensate all of the stolen coins. Though to do that they probably lose more money than they have which requires that they go fractional reserve which also means they eventually become Mt Gox 2.0.
I hope they compensate all of the stolen coins. Though to do that they probably lose more money than they have which requires that they go fractional reserve which also means they eventually become Mt Gox 2.0.
That's definitely some money you had there Elwar.I read others had over 200 coins there.
For now I would prepare for the worst case scenario.Meaning BitFinex could be insolvent and you won't see a penny from them again.
This whole thing is a desaster!
August 03, 2016, 04:43:06 AM
!!!!!DO NOT LEAVE YOUR COINZ ON EXCHANGES YOU FUCKING MORONS!!!!!
This.
Very naive, asset needs to be liquid to have value. To be liquid we need a place to exchange it for other assets, and that exchange place needs to be able to handle needed volume, and to do that someone needs to hold a lot of cash and assets on said exchange
you're too mixed up in the failed fiat system ... how many coinz have you lost to the exchange hacks mr. sophisticated?
How much more naive could you get than idiots that hand over their wealth to gambling houses in the expectation of endless profits? (Spare me the self-justifying bullshit about "liquidity" Bitfinex was a casino.)
You rubes seem to have an infinite capacity to keep getting taken ... keep putting up those big fat pots of fail army dosh and it'll end up in stronger hands every time ...
August 03, 2016, 04:37:00 AM
cue the next "bitcoin obituary" story in 3...2...1
https://99bitcoins.com/bitcoinobituaries/
taint nuthin but a thang....
https://99bitcoins.com/bitcoinobituaries/
taint nuthin but a thang....
August 03, 2016, 04:27:31 AM
I'm not sure how that worked. They say Bitgo had one address, and it was 2 of 3 multi-sig so wouldn't that mean that Bitfinex had the other two addresses?
I certainly didn't have one of the three.
Me neither. Bitgo appeared on Twitter saying their lovely security hadn't been compromise in any way whatsoever - https://twitter.com/BitGo/status/760624908334346240
So, er, what were Bitfinex paying them for if what just happened is possible? It seems they had to set it up like that to please the US regulators who weren't allowing cold storage funds to be out for margin trading or something.
August 03, 2016, 04:18:39 AM
I hope they compensate all of the stolen coins. Though to do that they probably lose more money than they have which requires that they go fractional reserve which also means they eventually become Mt Gox 2.0.
Ugh. That sucks the big one. At the very least they were upfront about it, but not quite upfront enough considering how long it seemed to last and how much did a runner. I still can't figure out a multisig address that allows someone to waltz in and rinse it.
I'm not sure how that worked. They say Bitgo had one address, and it was 2 of 3 multi-sig so wouldn't that mean that Bitfinex had the other two addresses?
I certainly didn't have one of the three.
August 03, 2016, 04:06:03 AM
I hope they compensate all of the stolen coins. Though to do that they probably lose more money than they have which requires that they go fractional reserve which also means they eventually become Mt Gox 2.0.
Ugh. That sucks the big one. At the very least they were upfront about it, but not quite upfront enough considering how long it seemed to last and how much did a runner. I still can't figure out a multisig address that allows someone to waltz in and rinse it.
August 03, 2016, 03:44:59 AM
Something tells me that behind this hack could be bankers , it just doesn't make sense to steal a measly $65 mil when you can steal a lot more from banks
Adjustment to inflation maybe taken in consideration by the thieves? ... Or maybe they are thieves that will use it for pumping since they are tired of waiting for the big bubble?
August 03, 2016, 03:39:47 AM
Something tells me that behind this hack could be bankers , it just doesn't make sense to steal a measly $65 mil when you can steal a lot more from banks
August 03, 2016, 03:33:11 AM
The ironic thing is that I was going to take the $150k worth of bitcoins from the sale of my house and put it on Bitfinex so I could loan it out and get interest. I figured they had been stable for several years which is rare in the Bitcoin world.
Almost 2 months later and I'm still not finished moving it all to my cold storage address with all of the hoops I have to jump through to get it there.
Almost 2 months later and I'm still not finished moving it all to my cold storage address with all of the hoops I have to jump through to get it there.
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