Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18360.

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: becoin on August 03, 2016, 07:52:49 AM

What if Bitfinex lied for a profit? I just can't believe so many security locks have been breached. Military-style planning is needed to perform such a diverse attack.

What if they had been insolvent for quite a while now, essentially running a Ponzi, and this was all just an elaborate cover story for their final demise?

ImI

legendary

Activity: 1946

Merit: 1019

it can

K~Ehleyr

sr. member

Activity: 434

Merit: 250

Ooh, shiny things!!

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?

soullyG

hero member

Activity: 1011

Merit: 721

Decentralize everything

Quote from: empowering on August 03, 2016, 08:05:07 AM

Also curious as to how the brakes were not put on this waaaaaaaaayyyy before $65-$75 million in losses occurred....between Finexed and BitGone , neither of them had any form of monitoring for such volume (withdraws/transactions/signatures) in such a short time span?

Eitherway

BitGo- REALLY?

Finex - REALLY?

REALLY?

Amateur hour Roll Eyes

Torque

legendary

Activity: 3794

Merit: 5474

Price is rising, hashrate returning to higher levels.

Feel like we'll be back in the 600's soon, perhaps today.

empowering

legendary

Activity: 1078

Merit: 1441

?

Tzupy

legendary

Activity: 2170

Merit: 1094

Quote from: hdbuck on August 03, 2016, 07:33:25 AM

Yes, it's a DCB. To complete the correction, one more leg down, of lower amplitude, is required.

Meuh6879

legendary

Activity: 1512

Merit: 1012

Quote from: Elwar on August 03, 2016, 03:33:11 AM

$150k worth of bitcoins from the sale of my house and put it on Bitfinex

you trade, you pay the price.

Deal with it.

empowering

legendary

Activity: 1078

Merit: 1441

Also curious as to how the brakes were not put on this waaaaaaaaayyyy before $65-$75 million in losses occurred....between Finexed and BitGone , neither of them had any form of monitoring for such volume (withdraws/transactions/signatures) in such a short time span?

Eitherway

BitGo- REALLY?

Finex - REALLY?

REALLY?

Meuh6879

legendary

Activity: 1512

Merit: 1012

the thing is ... with bitcoins, steal is a circle.

they steal, they spend (on others exchanges).

good.

empowering

legendary

Activity: 1078

Merit: 1441

Security breach vs Hack?

Inside job?

Occam's razor seems to cut in that direction

becoin

legendary

Activity: 3431

Merit: 1233

What if Bitfinex lied for a profit? I just can't believe so many security locks have been breached. Military-style planning is needed to perform such a diverse attack.

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: hdbuck on August 03, 2016, 07:33:25 AM

Keep dreaming... We are going straight to 700$ ... then slowly to ~~£1000-1300£~~ ... $1000-1300$.

hdbuck

legendary

Activity: 1260

Merit: 1002

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: ?? on ??

Quote from: rjclarke2000 on August 03, 2016, 07:02:34 AM

Price goes up and no one I know says a word.

~cough. COUGH!~

Quote from: ?? on ??

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... Huh

... I'm going to bed... its late!

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: savetherainforest on August 03, 2016, 02:29:38 AM

Quote from: Xiaoxiao on August 03, 2016, 02:14:48 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.

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: Mervyn_Pumpkinhead on 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

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!

rjclarke2000

legendary

Activity: 1358

Merit: 1016

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.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: ?? on ??

Quote from: Elwar on August 03, 2016, 03:05:46 AM

I had 31 BTC on Bitfinex.
Cry

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.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: Elwar on 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.

Sorry for your loss.

Good to hear it wasn't your house money.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18360. (Read 26710139 times)