so what is latest news about finex, is it hacked, coins stolen or is it just a story?
are they lying. or really 120K coins are gone
are they lying. or really 120K coins are gone
120K coins are gone and given to charity
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18359. (Read 26710141 times)
August 03, 2016, 11:44:53 AM
120K coins are gone and given to charity
August 03, 2016, 11:43:08 AM
NLC, are you talking to yourself?
As always. Oh and welcome back to the forum, it's been a while since your account was created in 2014 - did you forget about Bitcoin, or bought the account from someone?
August 03, 2016, 11:31:01 AM
A useful poll.
Bitcointalkers are roughly three times more likely to pick the first choice over all the others.
Bitcointalkers are roughly three times more likely to pick the first choice over all the others.
Only when the choices are the same
August 03, 2016, 11:06:32 AM
How convenient that all the focus is now on Bitfinex, and not the outcome of the bitcoin Core Dev/Miner roundtable.
Remember the HF, big block debate? Status of LN?
Naw me neither, now back to the Finex fiasco...
Remember the HF, big block debate? Status of LN?
Naw me neither, now back to the Finex fiasco...
August 03, 2016, 10:57:48 AM
so what is latest news about finex, is it hacked, coins stolen or is it just a story?
are they lying. or really 120K coins are gone
are they lying. or really 120K coins are gone
120K coins are gone and given to charity
August 03, 2016, 10:49:44 AM
This is the strangest conversation...
not too strange due to the circumstances... btw can we get the price back to 666 before i sober up
August 03, 2016, 10:48:07 AM
so what is latest news about finex, is it hacked, coins stolen or is it just a story?
are they lying. or really 120K coins are gone
are they lying. or really 120K coins are gone
August 03, 2016, 10:46:10 AM
NLC, are you talking to yourself?
As always. Oh and welcome back to the forum, it's been a while since your account was created in 2014 - did you forget about Bitcoin, or bought the account from someone?
August 03, 2016, 10:40:28 AM
NLC, are you talking to yourself?
August 03, 2016, 10:10:24 AM
The price is climbing quite fast now, presumably because lots of people are buying while the price is low. But do we really think that's the end of it, a quick dip in price, fast recovery and job done? I hope I'm not being silly by waiting to see what Binfinex say about their plans for going forward before I jump on the buy-in bandwagon. If I've missed the chance to buy at $550 I'll kick myself. But I can't help feeling there's another drop ahead. Such a shock to the markets surely can't be recovered from so quickly, can it?
Why not? Past events have shown that exchange hacks bigger than this didn't kill bitcoin. Why should there be a prolonged downtrend? I don't think the stolen coins will be sold on other exchanges (that matter in terms of volume) due to chain-analysis and blacklisting. The hackers may be satisfied with the profit they made due to market manipulation.
Let's see, it may be just a dead cat bounce, but I guess it may be the start of a new uptrend unfolding. Rising above 600 in the next few days(or weeks) could give the people a lot of confidence in the resilience of bitcoin, which may spark the next big rally.
I never suggested the hack would "kill bitcoin". i have no doubt that Bitcoin will quickly recover to at least where it was before. I just mean that this seems too fast, like in the movies when a character thinks the bad guy's dead so they turn their back, and then the bad guy comes at them with another attack. I think it's too early to be sighing with relief just yet.
The reason I stated the fact that bitcoin didn't get killed(at least yet) due to large hacks in the past was to make my point about why there may not be a need for prolonged downtrend. See, after the goxxing nobody knew how the market would react to a hack of this magnitude, there was a feeling of doom hanging over bitcoin, so the possibility of bitcoin slowly dying was very prevalent . I think this uncertainty was a large reason for the long bearmarket that followed. It took a long time for confidence to come back, but I think it's reasonable to say, that bitcoin recovered from that blow.
Now with the bitfinex hack, the market already had experienced such a scenario from which it recovered. There is much more confidence in the resilience of bitcoin now than it was in the past. That's why I think this time around, the downtrend may only be short in comparison to the last time.
Why do you think it could be happing too fast? Is it just a feeling you have or does it also have a rational basis?
Just for clarification, I am not recommending to buy into it right now, but wouldn't sell either. I am in this for the long term and don't actively trade.
August 03, 2016, 10:09:39 AM
This is the strangest conversation...
August 03, 2016, 09:57:30 AM
what is wrong with bitcoin
i lost like 20% of my btc value even without losing a single bitcoin on bfx hax
tell me about it... i was buying all of last night.
wow... i must be sleeping when hax happen, i just realize the drop when i online and check.
btw thats a good strategy of yours, price already rising LOL
August 03, 2016, 09:55:45 AM
http://www.zerohedge.com/news/2016-08-03/here-comes-mandatory-bitcoin-database "Many banks in Europe have restrictions on how much money you can withdraw from your own savings account" 10 000 ..i think
for exemple like coinbase do it over estonian bank s ...
for exemple like coinbase do it over estonian bank s ...
August 03, 2016, 09:46:22 AM
Maybe not snip the part where he clearly states, he was going to not that he did.
true.
but the fact is : DON'T TRUST VIRTUAL WALLET.
Exchange VIRTUAL wallet <<<<<<<<<>>>>>>>>>> Bitcoin WALLET (bitcoin core, multibit, android wallet)
August 03, 2016, 09:21:51 AM
The price is climbing quite fast now, presumably because lots of people are buying while the price is low. But do we really think that's the end of it, a quick dip in price, fast recovery and job done? I hope I'm not being silly by waiting to see what Binfinex say about their plans for going forward before I jump on the buy-in bandwagon. If I've missed the chance to buy at $550 I'll kick myself. But I can't help feeling there's another drop ahead. Such a shock to the markets surely can't be recovered from so quickly, can it?
Why not? Past events have shown that exchange hacks bigger than this didn't kill bitcoin. Why should there be a prolonged downtrend? I don't think the stolen coins will be sold on other exchanges (that matter in terms of volume) due to chain-analysis and blacklisting. The hackers may be satisfied with the profit they made due to market manipulation.
Let's see, it may be just a dead cat bounce, but I guess it may be the start of a new uptrend unfolding. Rising above 600 in the next few days(or weeks) could give the people a lot of confidence in the resilience of bitcoin, which may spark the next big rally.
I never suggested the hack would "kill bitcoin". i have no doubt that Bitcoin will quickly recover to at least where it was before. I just mean that this seems too fast, like in the movies when a character thinks the bad guy's dead so they turn their back, and then the bad guy comes at them with another attack. I think it's too early to be sighing with relief just yet.
August 03, 2016, 09:18:22 AM
That's why I wish I could buy right now. 195k bitcoins are now gone from the exchange. They will likely not be spent or cashed out for years due to so many eyes on those coins. I can see the address where my bitcoins are sitting.
So...all of those bitcoin traders from BitFinex will need to get more bitcoins with smaller supply.
So...all of those bitcoin traders from BitFinex will need to get more bitcoins with smaller supply.
I'm sure. That's exactly what happened after the Goxxening. People went right out to buy more BTC (because their was gone, much like yours is), rocketing BTC price to the moon
The "stolen" BTC was gone long before Gox was "hacked". Already spent on Lattes and exercise balls.
August 03, 2016, 09:00:35 AM
That's why I wish I could buy right now. 195k bitcoins are now gone from the exchange. They will likely not be spent or cashed out for years due to so many eyes on those coins. I can see the address where my bitcoins are sitting.
So...all of those bitcoin traders from BitFinex will need to get more bitcoins with smaller supply.
As far as BitGo...from what I could tell on reddit, there were two setups. People who verified their identities and had a BitGo setup. And the rest who did not go through verification and had some other setup. I did not do any of that verification.
So...all of those bitcoin traders from BitFinex will need to get more bitcoins with smaller supply.
As far as BitGo...from what I could tell on reddit, there were two setups. People who verified their identities and had a BitGo setup. And the rest who did not go through verification and had some other setup. I did not do any of that verification.
August 03, 2016, 08:55:38 AM
The price is climbing quite fast now, presumably because lots of people are buying while the price is low. But do we really think that's the end of it, a quick dip in price, fast recovery and job done? I hope I'm not being silly by waiting to see what Binfinex say about their plans for going forward before I jump on the buy-in bandwagon. If I've missed the chance to buy at $550 I'll kick myself. But I can't help feeling there's another drop ahead. Such a shock to the markets surely can't be recovered from so quickly, can it?
Why not? Past events have shown that exchange hacks bigger than this didn't kill bitcoin. Why should there be a prolonged downtrend? I don't think the stolen coins will be sold on other exchanges (that matter in terms of volume) due to chain-analysis and blacklisting. The hackers may be satisfied with the profit they made due to market manipulation.
Let's see, it may be just a dead cat bounce, but I guess it may be the start of a new uptrend unfolding. Rising above 600 in the next few days(or weeks) could give the people a lot of confidence in the resilience of bitcoin, which may spark the next big rally.
August 03, 2016, 08:51:40 AM
Ok, let's resume our journey to a new all time high.
August 03, 2016, 08:41:02 AM
Yes, it's a DCB. To complete the correction, one more leg down, of lower amplitude, is required.
Weard, when i zoom out it looks like a very healthy correction but i wonder if this Finex hack was needed to get there. This is not the first time when the price model acts like the ''traditional'' way when shit hits the fan.
Jump to: