The 8% price drop from 7/31 to H-hour makes a little more sense - Bitfinex hackers shorting in advance of their score.
800 million USD-worth sold, and rebought today at 70% = 240 million USD gain, if price recovers to 600-ish.
So 60 million USD gain if no rollback. Eventual 240 million USD gain if a rollback occurs.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18324. (Read 26607898 times)
August 02, 2016, 10:20:52 PM
August 02, 2016, 10:17:38 PM
These are trying times but I think BTC will survive as it always does. It just blows my mind why people trust exchange sites this much.
You would have to be pretty stupid to leave coinz on an exchange ... and more so for purpose of leasing for shorting. These exchanges go bust/get hacked at rate of 1 every 18 months or more, i.e. the interest rates needed to justify a 1 in 18 month total loss of coinz is around 75-100% per annum ...
!!!!!DO NOT LEAVE YOUR COINZ ON EXCHANGES YOU FUCKING MORONS!!!!!
August 02, 2016, 10:14:06 PM
jj should listen to me more,lol
Jj and the others shills just do the play by play after it happens ...no foresight IMO
Two more goofballs with lame patronizing monday morning quarterbacking attempts.
August 02, 2016, 10:13:05 PM
Quote
each user has their own address, so when we were hacked the bitcoin came from segregated customer wallets. Some users can see that their bitcoin was part of the theft, others can see that theirs wasn't. That's the only way to describe it.
You can check if your addresses were involved.
August 02, 2016, 10:11:58 PM
These are trying times but I think BTC will survive as it always does. It just blows my mind why people trust exchange sites this much.
August 02, 2016, 10:08:51 PM
I'm betting down to somewhere around 420$ USD in the short term. I think she'll be vigorously defended there and then rise to ATH in a long and steep bull run.
How do ya like me now JJG
I'm not sure how to take folks who want to claim credit for some unexpected event, without even proclaiming anything in the neighborhood of such an extraneous event... and therefore, you don't get credit for the occurrence of some extraneous event when you did not say anything at all about such.
You are like throwing a dart with the lights off and you happened to hit the target.
So fucking what?
Oh c'mon! Give me credit for a random pick that just happened to work out. You'd be impressed if I swished the hoop from half court blindfolded wouldn't you?
August 02, 2016, 10:04:21 PM
Shituashun updation:
Quote
We are evaluating all the various options for addressing customer losses....before bringing the exchange online and giving people access to their accounts to withdraw/close positions.
also this
Quote
We haven't left that possibility out but are quite positive with a high degree of certainty that it was not an inside job.
Quote
It sounds like they had a very sophisticated and knowledgeable attack
Quite. August 02, 2016, 10:00:19 PM
@JJG: I thought this might be the SFYL spark that got you to hodl your own BTC in your own wallet, guess not. 
JJG's seriously mixed emotions:
On one hand, his coin got stolen; on the other, BTC is tanking, so he didn't lose as much
Both of you guys are goofie in your attempt to troll and to stalk other people, merely to attempt to make fun of other people without providing any meaningful or interesting or even genuine details regarding your own BTC positions.
Don't understand. For every Bitcoin you sent to finex (to sell behind our backs, like the traitor you are), you lost ~$70 less, now that BTC price is ~$70 lower.
Doesn't that make you feel a teeny bit better? I mean, imagine if your coins are fucking gone like they are, but, at the same time, Bitcoin also skyrocketed to $10,000 a coin. Wouldn't it hurt more?
Sure it would!
That's why you gotta count your blessings while the sun shines, JJG!
You are talking gobbledy gook, Underoos, I mean lambie.
August 02, 2016, 09:54:28 PM
@ JayJuanGee I mostly just hold in cold storage with no intent to trade any time soon. Just a bit of fun for me with a small amount of change.
That makes your earlier comments even more ironic because they seem to be somewhat out of touch with your actual practice and actions.
These days, it certainly is not difficult to make various efforts to attempt to align your BTC holdings in accordance with your view of their future price performance. I know that a lot of folks are really disinclined to sell any of their BTC and so they only buy upon dips and continue to HODL, but if they are like you, and if they really believe that there is a decent chance that BTC prices will dip into the $400s, then they should sell at least a portion of their BTC holdings in order to kind of align their investment with their views. The alignment does not need to be precise, but at least a ballparking of such.
If you are only HODLing BTC, and you have no other plans in terms of the future price dip that you expect, then aren't you feeling kind of uncomfortable with the current allocations of your BTC holdings, or do you enjoy living in such high levels of discordance in your life? I'm not trying to be judgmental of you, because my perception of the whole situation, as i outlined above, seems really strange to me.
I see it as a much bigger risk to play around with it on exchanges than being cold-storaged.
See what I mean?
Why do folks feel some kind of urge to say "I told you so" and we are still attempting to figure out what is going on and what has happened... ?
Yeah, so far the theory is that bitfiinex may have lost 125k coins, and they will not be able to pay back customers.... maybe so maybe customers may have lost all of their funds on bitfinex... but we still do not know whether that is the outcome....
Let's see before anyone starts proclaiming I told you so, and even if there has been a loss of customer coins, that does not mean that the customers did not appropriately assume and/or weight these risks for their own situation.
August 02, 2016, 09:52:08 PM
Shituashun updation:
Quote
We are evaluating all the various options for addressing customer losses....before bringing the exchange online and giving people access to their accounts to withdraw/close positions.
August 02, 2016, 09:51:12 PM
@ JayJuanGee I mostly just hold in cold storage with no intent to trade any time soon. Just a bit of fun for me with a small amount of change.
That makes your earlier comments even more ironic because they seem to be somewhat out of touch with your actual practice and actions.
These days, it certainly is not difficult to make various efforts to attempt to align your BTC holdings in accordance with your view of their future price performance. I know that a lot of folks are really disinclined to sell any of their BTC and so they only buy upon dips and continue to HODL, but if they are like you, and if they really believe that there is a decent chance that BTC prices will dip into the $400s, then they should sell at least a portion of their BTC holdings in order to kind of align their investment with their views. The alignment does not need to be precise, but at least a ballparking of such.
If you are only HODLing BTC, and you have no other plans in terms of the future price dip that you expect, then aren't you feeling kind of uncomfortable with the current allocations of your BTC holdings, or do you enjoy living in such high levels of discordance in your life? I'm not trying to be judgmental of you, because my perception of the whole situation, as i outlined above, seems really strange to me.
I see it as a much bigger risk to play around with it on exchanges than being cold-storaged.
See what I mean?
Why do folks feel some kind of urge to say "I told you so" and we are still attempting to figure out what is going on and what has happened... ?
Yeah, so far the theory is that bitfiinex may have lost 125k coins, and they will not be able to pay back customers.... maybe so maybe customers may have lost all of their funds on bitfinex... but we still do not know whether that is the outcome....
Let's see before anyone starts proclaiming I told you so, and even if there has been a loss of customer coins, that does not mean that the customers did not appropriately assume and/or weight these risks for their own situation.
August 02, 2016, 09:50:45 PM
All the Chinese mining kings come to USA, Bitfinex gets hacked.
Documentary? Or drama?
Documentary? Or drama?
Karma... and Moon!!!
August 02, 2016, 09:49:52 PM
All the Chinese mining kings come to USA, Bitfinex gets hacked.
Documentary? Or drama?
Documentary? Or drama?
August 02, 2016, 09:45:02 PM
woa...hope this aint real...lol http://fuckethereum.com/ ( hacker says he got 3-4mill etc from bitfinex too)
lol, this cant be for real.
maybe hack began around here..cryptoworm @_cryptoworm_ Aug 1
We have almost everything ready for the start of sales of $ETC
FOLLOW! UPDATES ARE COMMING: http://fuckethereum.com
https://twitter.com/_cryptoworm_?ref_src=twsrc%5Etfw
August 02, 2016, 09:40:56 PM
I'm betting down to somewhere around 420$ USD in the short term. I think she'll be vigorously defended there and then rise to ATH in a long and steep bull run.
How do ya like me now JJG
I'm not sure how to take folks who want to claim credit for some unexpected event, without even proclaiming anything in the neighborhood of such an extraneous event... and therefore, you don't get credit for the occurrence of some extraneous event when you did not say anything at all about such.
You are like throwing a dart with the lights off and you happened to hit the target.
So fucking what?
August 02, 2016, 09:37:02 PM
woa...hope this aint real...lol http://fuckethereum.com/ ( hacker says he got 3-4mill etc from bitfinex too)
lol, this cant be for real.
August 02, 2016, 09:12:47 PM
JJG, tell me you weren't hodling on an exchange?! 
Quote from: Theymos
I'd suspect that BitFinex is insolvent, though I definitely don't know for sure. Still, I recommend withdrawing everything as soon as possible.
Wow... here starts the patronizing bullshit.. or just a continuation...
BMB gonna say.. "oh, I am only saying this because I care."
What bullshit patronizing.JJ Abracadabrus... We do know that some of us wish your soul to burn in the fires of Hell for writing those atrocious walls of text... But till then... you are still one of us, from the club... So if you lost stuff and... If you need a shoulder to cry on or moral support on the long term... you do know we are here for you... Aight?
*Edit: ... Solution!: If you are a citizen of that country that the exchange was/is in... and if its a wealthy country... You can make a petition for the government to bail-out the exchange... With also the future involvement of the law enforcement institutions to track down all the transactions and confiscate or ban all users that are tied to those transactions, till they find the real perpetrators. And recover the full amount in exchange for the bailout sum.
August 02, 2016, 09:10:53 PM
JJG, tell me you weren't hodling on an exchange?!
Quote from: Theymos
I'd suspect that BitFinex is insolvent, though I definitely don't know for sure. Still, I recommend withdrawing everything as soon as possible.
Wow... here starts the patronizing bullshit.. or just a continuation...
BMB gonna say.. "oh, I am only saying this because I care."
What bullshit patronizing.I'm sorry, brother. This is a shitty situation I wouldn't wish on anybody.
August 02, 2016, 09:10:28 PM
JJG, tell me you weren't hodling on an exchange?!
Quote from: Theymos
I'd suspect that BitFinex is insolvent, though I definitely don't know for sure. Still, I recommend withdrawing everything as soon as possible.
Wow... here starts the patronizing bullshit.. or just a continuation...
BMB gonna say.. "oh, I am only saying this because I care."
What bullshit patronizing. August 02, 2016, 09:09:40 PM
woa...hope this aint real...lol http://fuckethereum.com/ ( hacker says he got 3-4mill etc from bitfinex too)
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