Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18361. (Read 26720692 times)

At this point, we cannot completely attribute the cause of the loss of volume - yet a fair inference does come from loss of confidence.   On the other hand, before the "hack", quite a bit of Bitfinex's volume seemed to have come from margin trading, which appears to have not been re-enabled, yet.

does this count too?

Nah, it's more like rocket which then falls down but then there is better rocket which goes up even more =) (what I want to say, there will be no rocket, it will be slow uptrend, unless another great manipulation happens)

Quick! Somebody post a rocket!

Hurry! 

Remember people, Mt.Gox was manipulated and this is why price skyrocketed. They BTC that was bought was bought with NO FIAT, so it was all artificial.

If you remove this bubble from graph, you can see clearly where BTC is heading. It's clear uptrend. Price wants to go up and it will go up.

Hi Jimbo... yes time to wait.

By the way, to quote Robert De Niro from the Untouchables


That happens all the time 

A very early good morning Bitcoinland.

Still no appreciable change... $579 on BitcoinAverage. Waiting, waiting...
______

@ soullyG:

Thanx for the crooked SR agent story link. Fascinating reading.

There's no limit to human greed and sleaziness. Giving someone a badge seems to increase it.

Some interesting details revealed from the investigators who caught the corrupt Silk Road agents -

http://arstechnica.com/tech-policy/2016/08/stealing-bitcoins-with-badges-how-silk-roads-dirty-cops-got-caught/

I appreciate your help, this link has completed the information I needed 

Finex now #7 by 24hr. volume.

7    Bitfinex   BTC/USD    $ 2,273,800    $ 574.71    3.84 %    Recently

sad trombone.

That was that dude trying to get some tail.

http://motherboard.vice.com/read/was-a-bizarre-600k-bitcoin-lottery-really-a-marriage-proposal-rekcahxfb

i'm gonna take an insanely wild guess and state that the recipient just might be the same person who sent them. i'm crazy like that.

All I know about it is from this post by rekcahxfb_authentic.


A thousand Bitcoins were sent to this address, but it's already full of messages begging for free coins. The thousand Bitcoins haven't been moved out of it, so the recipient might be hodling for now.

https://blockchain.info/address/1NYT1f6Mbty6iZiHPQtM5fDSmSKk6e2HKN

On the cloud?

I haven't looked at the specs yet. It still needs LN for it to work so there is some time before the release.

If you know what the price will be next week...

...never mind.

Regarding the article that I just posted above (and repeated below), let me elaborate a little bit.

There may be some ongoing concerns in the bitcoin market about the fate of Bitfinex.  It appears that they have not even resumed margin trading, yet.  Or maybe I just cannot see margin trading because of being a US customer?

Also, I had thought that Bitfinex should implement some kind of fee free incentives, such as zero fee trading for a period of time, but what do I know?


http://www.coindesk.com/bitfinex-bitcoin-recovers-volume-perception-battle-rages/

Market is still trying to figure out the value of the BFX coins, too?  And, surely Bitfinex will have to inspire some confidence in order to keep up the value of those BFX coins... and I think that they got a lot of their value and their extra revenue from margin trading, but who knows what got them into trouble, exactly (besides the official story involving bitgo)..  

As an aside, Bitgo seems to have brought some attention to themselves too when the started to delete some of their insurance pages... I mean, many of us were blaming Bitfinex, but then Bitgo got some potential guilt too, when they start to white wash pages from their public information.




Edit:  

Since I feel like I am on a roll, let me add another link here, too,  related to discussion of the effect of the Bitfinex situation on the current bitcoin market.

Below is a new reddit thread that is asserting evidence of an inside job and asserting shenanigans by Bitfinex.

http://www.reddit.com/r/Bitcoin/comments/4y9bcu/bitfinex_embezzlement_101_cook_the_books_make/

I don't have any kind of problem with feeling skepticism of Bitfinex's official story, yet I do NOT find the claim that they admit that two of their managers are amongst the top BFX coin holders as convincing that there is any inside job going on. Maybe managers should not be trading because of potential conflicts of interest in their using their knowledge to trade, but that is not the exact claim at the moment.

I do find that Bitfinex admitting that a couple of their managers are amongst high level BFX coin holders merely means that Bitfinex managers were involved in BTC trading on their platform and they had lost some money due to the hack.. and I suppose Bitfinex wants to use that kind of information to mean that Bitfinex did not engage in an inside job because some of their managers lost some of their money, too.  Fair enough, no?

They have been trolling here longer than 2 years, that's for sure.    But the bear trolls were coincidentally correct for much of 2014 in their prediction that BTC prices were going down, and to the extent that they were shorting in such direction.  Then, yeah, more than half of 2015 became a bit mixed because it became much more difficult to push prices below $220, except for short bursts.  $220 kind of became the new floor for that period..   but we cannot really judge floors exactly until after the fact, and events such as Bitfinex are quite traumatic for bitcoin prices - and there could even be worse exchange failures than that, as we have seen and could again see, possibly.

Yes, interesting for you to point out that little fact about BTC prices being above $900 for only 13 days in total... hahahahaha.. that is interesting, and surely, it seems that we are going to return to prices above $900 at some point, but a question remains whether that point is coming in the next 12 to 24 months or will it take longer to get above such prices? 

Gosh, I don't know, but I do believe that the chances are pretty decent that we are continuing to experiences upwards price pressures, and there may be some folks that are still worried about what is going on with Bitfinex, exactly.


Check out this article:

http://www.coindesk.com/bitfinex-bitcoin-recovers-volume-perception-battle-rages/

People have been trolling here since the price was $230. The people saying bitcoin is useless or claiming that there's doom lurking around every corner for bitcoin are just people that have whatever broken life that leads to dedicated trolling.
I bought my first bitcoin ^fraction at $280 in 2015 and I though it was expensive. Now I know better than to distrust  bitcoin's inherent deflationary nature (and how well it retains value compared to the USD due to that attribute). So, with this simple rule of thumb, I avoid being a bagholder. "No buying bitcoin for 16 months after bitcoin increases value above 80 times in the span of one calendar year. No buying for 3 months after the price doubles in the span of two months".
Plus, there's the undeniable fact that if started January 1st 2013, setting a time (monthly or yearly) to buy a set amount of bitcoin (an amount you're comfortable losing), it would have resulted in profit. Running the numbers, I get an 900%, 16%, 46% and 10% increase on initial investment if a yearly purchase strategy was deployed (every Jan 1st staring 2013, 2014, 2016 & 2016 respectively). That is, using the current price of $560 to value those bitcoin.

Trolls are as obsessed with the ATH as the bulls, and they say that since we're under it, bitcoin must be a failure. But I just checked, and the price was over $900 a total of 13 days (not in a row). So I'm sitting here thinking that if the price remains above $900 for 13 days in a row, we can consider the market completely recovered from MtGox and any other temporary setback its seen.

BUT, I am considering buying bitcoin this weekend, so be ready to have bitcoin go to $530 a few minutes after I buy.

^I'm more of a snakes and ladders man, myself.
Incidentally, I heard there was some actual news about rekcahxfb. He seems (lol?) to have sent a thousand coins to a girl (lol). Those coins were from 2013, so probably an old scammer masquerading as a new one.

And so it goes.

has anyone here actually been paid anythin by this wormy guy is he for real??
rumoured bfx hacker

https://twitter.com/_cryptoworm_?ref_src=twsrc%5Etfw
http://fuckethereum.com/

he claims to have paid out
Mr.Worm @_cryptoworm_

As of my site says I have already #gaveaway more than 3000 BTC http://goo.gl/Hi9tWh  for less than 2 wiks and this will continue my frnds!

also claims he knows of next exchange ?