Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24899.

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: fonzie on October 24, 2014, 06:27:52 PM

Quote from: tarmi on October 24, 2014, 06:24:13 PM

Quote from: Wandererfromthenorth on October 24, 2014, 06:21:38 PM

People lost money on Mtgox, they lost money on Cryptorush, they lost money in Mintpal 2...

WTF are you keeping money on an old dead shitcoin exchange like Cryptsy?

Whoever has funds in there is like asking for it.

poloniex is down right now.

with btc price crashing all exchanges are crashing.

why am I not surprised?

What happened to poloniex? Hacked and robbed aka business as usual?

dont know really. I just checked it and it is down.

and you are right. btc-e will fail last.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: tarmi on October 24, 2014, 06:24:13 PM

Quote from: Wandererfromthenorth on October 24, 2014, 06:21:38 PM

People lost money on Mtgox, they lost money on Cryptorush, they lost money in Mintpal 2...

WTF are you keeping money on an old dead shitcoin exchange like Cryptsy?

Whoever has funds in there is like asking for it.

poloniex is down right now.

with btc price crashing all exchanges are crashing.

why am I not surprised?

What happened to poloniex? Hacked and robbed aka business as usual?

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: fonzie on October 24, 2014, 06:23:54 PM

Quote from: Davyd05 on October 24, 2014, 06:15:56 PM

http://blog.cryptsy.com/post/100831839452/response-regarding-lawsuit

Never used their services but I'll admit the amount of pr before actually serving the lawsuit is suspicious. Similarly to way they made Ross out to be someone who orders contract hits.

Is there any site where i can make bets if they go down within the next 3 months? Cheesy

Lawsuit+Coinexchange = almost guaranteed death.
Most(all) of them had shady operations in the past.
It´s almost ironic but i think that the only true anonymous (and most shady) exchange "BTC-E" will probably stay alive longest.

Except is the claim of one person representes by a law firm with a scare tactic pr stunt. Im not defending cryptsy and would advise anyone with worries to remove funds or coinz but to assume there doomed on this info is sheer fud.

Davyd05

hero member

Activity: 574

Merit: 500

We can all agree the safest place for your coins is your storage. I would like to see some people trying to withdraw there coinz from cryptsy, as this shit isnt supposed to be fractional reserve so bank runs shouldny matter.

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: Wandererfromthenorth on October 24, 2014, 06:21:38 PM

People lost money on Mtgox, they lost money on Cryptorush, they lost money in Mintpal 2...

WTF are you keeping money on an old dead shitcoin exchange like Cryptsy?

Whoever has funds in there is like asking for it.

poloniex is down right now.

with btc price crashing all exchanges are crashing.

why am I not surprised?

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: Davyd05 on October 24, 2014, 06:15:56 PM

http://blog.cryptsy.com/post/100831839452/response-regarding-lawsuit

Never used their services but I'll admit the amount of pr before actually serving the lawsuit is suspicious. Similarly to way they made Ross out to be someone who orders contract hits.

Is there any site where i can make bets if they go down within the next 3 months? Cheesy

Lawsuit+Coinexchange = almost guaranteed death.
Most(all) of them had shady operations in the past.
It´s almost ironic but i think that the only true anonymous (and most shady) exchange "BTC-E" will probably stay alive longest.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Quote from: Newbie1022 on October 24, 2014, 06:09:19 PM

Quote from: Wandererfromthenorth on October 24, 2014, 04:51:16 PM

Interesting to note that shorts are down by a lot (8k right now on bitfinex), shorters have been taking profits on this dump.
This means that a lot of buys (shorts being closed) to counteract the drop were executed but we dropped quite a lot regardless.
Also it means a short squeeze is less probable.

Further, interesting to see the lack of a proper bounce (one would have expected a bounce to at least $370, where the recent historic support was) and very low buying pressure around $350, an important level.

In case I need to state the obvious, all of this is pretty fucking bearish.

Very Good analysis. I actually keep thinking we are going to pivot upwards soon because, although the shorts closed I don't see any new shorts opening up. Also, this is a price where I can see fanatics ramping up on leverage. But... if it goes a little longer without reflecting the price then I will be jumping ship (bought in at $356 earlier today).

Yeah, just be ready if shit starts to get real :-P

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

People lost money on Mtgox, they lost money on Cryptorush, they lost money in Mintpal 2...

WTF are you keeping money on an old dead shitcoin exchange like Cryptsy?

Whoever has funds in there is like asking for it.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: Davyd05 on October 24, 2014, 06:15:56 PM

http://blog.cryptsy.com/post/100831839452/response-regarding-lawsuit

Never used their services but I'll admit the amount of pr before actually serving the lawsuit is suspicious. Similarly to way they made Ross out to be someone who orders contract hits.

Prediction: Within a month, Crypsty claims to have been hacked of all user funds.

Davyd05

hero member

Activity: 574

Merit: 500

http://blog.cryptsy.com/post/100831839452/response-regarding-lawsuit

Never used their services but I'll admit the amount of pr before actually serving the lawsuit is suspicious. Similarly to way they made Ross out to be someone who orders contract hits.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: fonzie on October 24, 2014, 06:04:36 PM

Time to pull your stash out of cryptsy....?!

http://www.marketwatch.com/story/silver-law-group-files-lawsuits-against-cryptocurrency-exchanges-bitcoin-savings-trust-and-cryptsy-2014-10-23

https://bitcointalksearch.org/topic/cryptsy-gets-sued-for-shady-business-practices-act-surprised-833182

Also bad newses for Ripple,... looking @Walsoraj Angry

Ripple will soon have 100's of banks onboard. No need for Cryptsy.

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: Wandererfromthenorth on October 24, 2014, 04:51:16 PM

Interesting to note that shorts are down by a lot (8k right now on bitfinex), shorters have been taking profits on this dump.
This means that a lot of buys (shorts being closed) to counteract the drop were executed but we dropped quite a lot regardless.
Also it means a short squeeze is less probable.

Further, interesting to see the lack of a proper bounce (one would have expected a bounce to at least $370, where the recent historic support was) and very low buying pressure around $350, an important level.

In case I need to state the obvious, all of this is pretty fucking bearish.

Very Good analysis. I actually keep thinking we are going to pivot upwards soon because, although the shorts closed I don't see any new shorts opening up. Also, this is a price where I can see fanatics ramping up on leverage. But... if it goes a little longer without reflecting the price then I will be jumping ship (bought in at $356 earlier today).

Wandererfromthenorth

hero member

Activity: 742

Merit: 500