Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27874. (Read 26707815 times)
May 03, 2014, 05:00:50 PM
May 03, 2014, 04:57:00 PM
It is almost 5:00 am in China, and suddenly there is a rally with ~3500 BTC either already bought or in raised bids. It does not seem to be coming from the West.
Pumper without chinese bank account is withdrawing bitcoin before the exchange shuts down.A pity that @ChartBuddy does not show Huobi's order book. The pictures should be far more interesting than those of Bitstamp.
By the way, here is an idle question (but which may have to do with the reasons behind the Chinese bans): Suppose that colluding traders A and B have accounts at Huobi, and their goal is transfer 50'000 yuan in cash and/or bitcoins from A's account to B's account through the standard trading interface. That is, A should make a sequence of mostly bad trades, and B a sequence mostly good ones, so that at the end A's account should have lost that amount, and B's should have gained that amount. How fast could they do that, roughly? (For definiteness, assume that both accounts start with 10'000 extra "working" yuan or their equivalent in bitcoins; that no one else is colluding or aware of their goal; and that A is willing to lose several thoudand of his extra yuan to other lucky traders in the process.)
May 03, 2014, 04:54:29 PM
Looks like someone tried to hack LocalBitcoins:
Quote
LocalBitcoins received a very dangerous attack against the site infrastructure on Saturday 3.5.2014.
For now
Details
LocalBitcoins hosting provided received a request to restart the LocalBitcoins.com website server and give access to the server console (root) on Sat May 3 13:32:27. LocalBitcoins team did not initiate this request. For now, it looks like the request was made using spoofed email addresses and other weakness in the hosting provider support system.
For now
- All user data and Bitcoins are safe;
- The site will be down for a while as the system is being rebuilt
Details
LocalBitcoins hosting provided received a request to restart the LocalBitcoins.com website server and give access to the server console (root) on Sat May 3 13:32:27. LocalBitcoins team did not initiate this request. For now, it looks like the request was made using spoofed email addresses and other weakness in the hosting provider support system.
- LocalBitcoins team was alerted about the abnormal activity when the hosting provider restarted the server.
- The attacker gained a root access to the server for ~40 minutes before the attacker was kicked out and the server shutdown.
- All data on the website server is encrypted. Manual actions are needed to make this data readable, so the attacker could not gain access to the data even when having a server console access.
- Bitcoins in hot wallet and cold wallet are safe, as LocalBitcoins runs its bitcoind and wallets on a separate server.
- LocalBitcoins team has started to rebuild the website server on fresh hardware.
It sounds like the localbitcoin guys did everything right. Anyways, it is incredible, that people are still able to pull the "reboot my server please" attack in 2014..
May 03, 2014, 04:43:13 PM
I told you few days ago, that bitstamp is going to be closed due to some illegal activities. That wasnt just a rumor;)
Please, enlighten us.
For all you know he could have been told a lie from someone else and truly believed it.
I wonder why you have this seeming burning desire to defend FUD spreaders. Chromosoma seems to have developed a FUD spreading pattern of behavior. Further, when a poster is making outrageous and difficult to believe claims, s/he should have some kind of affirmative obligation to provide some sources for that claim.. . or at least some logic concerning why the claim is plausible.. .. IN this case, Chromosoma is NOT only claiming plausible, but s/he is claiming high likelihood bordering on certainty that Stamp will be closing.... Probably, we are giving him/her too much credibility and airtime by merely discussing such baloney assertions.
May 03, 2014, 04:37:38 PM
Looks like someone tried to hack LocalBitcoins:
Quote
LocalBitcoins received a very dangerous attack against the site infrastructure on Saturday 3.5.2014.
For now
Details
LocalBitcoins hosting provided received a request to restart the LocalBitcoins.com website server and give access to the server console (root) on Sat May 3 13:32:27. LocalBitcoins team did not initiate this request. For now, it looks like the request was made using spoofed email addresses and other weakness in the hosting provider support system.
For now
- All user data and Bitcoins are safe;
- The site will be down for a while as the system is being rebuilt
Details
LocalBitcoins hosting provided received a request to restart the LocalBitcoins.com website server and give access to the server console (root) on Sat May 3 13:32:27. LocalBitcoins team did not initiate this request. For now, it looks like the request was made using spoofed email addresses and other weakness in the hosting provider support system.
- LocalBitcoins team was alerted about the abnormal activity when the hosting provider restarted the server.
- The attacker gained a root access to the server for ~40 minutes before the attacker was kicked out and the server shutdown.
- All data on the website server is encrypted. Manual actions are needed to make this data readable, so the attacker could not gain access to the data even when having a server console access.
- Bitcoins in hot wallet and cold wallet are safe, as LocalBitcoins runs its bitcoind and wallets on a separate server.
- LocalBitcoins team has started to rebuild the website server on fresh hardware.
May 03, 2014, 04:30:34 PM
I told you few days ago, that bitstamp is going to be closed due to some illegal activities. That wasnt just a rumor;)
Please, enlighten us.
For all you know he could have been told a lie from someone else and truly believed it.
I wonder why you have this seeming burning desire to defend FUD spreaders. Chromosoma seems to have developed a FUD spreading pattern of behavior. Further, when a poster is making outrageous and difficult to believe claims, s/he should have some kind of affirmative obligation to provide some sources for that claim.. . or at least some logic concerning why the claim is plausible.. .. IN this case, Chromosoma is NOT only claiming plausible, but s/he is claiming high likelihood bordering on certainty that Stamp will be closing.... Probably, we are giving him/her too much credibility and airtime by merely discussing such baloney assertions.
May 03, 2014, 04:26:18 PM
your saying all that buying is fake?
I don't know, but the way the volume behaves on that exchange is very strange.
of course the 0% fees play a factor aswel.
im in no ways a day trader.. but look at bitstamp.. draw line from may 29 2012 to 9 jan 2013 and another from may 29 2012 to 30th of sept 2013(big red dip before rise), and a 3rd from the last low of around 340 to the last candle.. all on 3 day chart.. if bitcoin is rising with exponential growth.. would it not make sense that these lines go more and more vertical with each rise? and would explain this sudden burst in buying...?
May 03, 2014, 04:25:25 PM
@simmo77
I like rpietila and windjc although windjc might be overly pessimistic because of loss of millions
I like rpietila and windjc although windjc might be overly pessimistic because of loss of millions
Was it loss of millions or failure to profit by millions?
I recall him saying he was too naive and stupid to not short at 1.1k
so I guess he meant failure to profit by millions
Yes... there is a much different dynamic when a person is trading in the black versus in trading while being in the red......
May 03, 2014, 04:25:11 PM
It is almost 5:00 am in China, and suddenly there is a rally with ~3500 BTC either already bought or in raised bids. It does not seem to be coming from the West.
Pumper without chinese bank account is withdrawing bitcoin before the exchange shuts down.
May 03, 2014, 04:17:15 PM
Oooh, looks like some new 'news' on the cards:
http://www.ibtimes.com/bitcoin-terrorist-threat-counterterrorism-program-names-virtual-currencies-area-interest-1579699
Rumour has it Saddam paid for his WMD's using bitcoin, won't somebody think of the children... Meanwhile paper dollars remain the No. 1 currency for criminals worldwide.
http://www.ibtimes.com/bitcoin-terrorist-threat-counterterrorism-program-names-virtual-currencies-area-interest-1579699
Rumour has it Saddam paid for his WMD's using bitcoin, won't somebody think of the children... Meanwhile paper dollars remain the No. 1 currency for criminals worldwide.
Saddam also 3d printed the casings, and rode Uber to stay at places he booked over Airbnb.
May 03, 2014, 04:13:38 PM
your saying all that buying is fake?
I don't know, but the way the volume behaves on that exchange is very strange.
of course the 0% fees play a factor aswel.
May 03, 2014, 04:11:16 PM
It is almost 5:00 am in China, and suddenly there is a rally with ~3500 BTC either already bought or in raised bids. It does not seem to be coming from the West.
could this be a whale starting the nxt rally or what? is there good news or something?
Good bid support on huobi aswel.
But it's time to stop looking at the fake chinese exchanges.
your saying all that buying is fake?
May 03, 2014, 04:09:02 PM
Some transactions are fast, low-cost and secure.
For everything else, there's MasterCard.
For everything else, there's MasterCard.
+1
May 03, 2014, 04:08:27 PM
It is almost 5:00 am in China, and suddenly there is a rally with ~3500 BTC either already bought or in raised bids. It does not seem to be coming from the West.
could this be a whale starting the nxt rally or what? is there good news or something?
Good bid support on huobi aswel.
But it's time to stop looking at the fake chinese exchanges.
May 03, 2014, 04:04:44 PM
It is almost 5:00 am in China, and suddenly there is a rally with ~3500 BTC either already bought or in raised bids. It does not seem to be coming from the West.
could this be a whale starting the nxt rally or what? is there good news or something?
May 03, 2014, 04:00:47 PM
May 03, 2014, 03:55:57 PM
It is almost 5:00 am in China, and suddenly there is a rally with ~3500 BTC either already bought or in raised bids. It does not seem to be coming from the West.
May 03, 2014, 03:48:36 PM
Oooh, looks like some new 'news' on the cards:
http://www.ibtimes.com/bitcoin-terrorist-threat-counterterrorism-program-names-virtual-currencies-area-interest-1579699
Rumour has it Saddam paid for his WMD's using bitcoin, won't somebody think of the children... Meanwhile paper dollars remain the No. 1 currency for criminals worldwide.
http://www.ibtimes.com/bitcoin-terrorist-threat-counterterrorism-program-names-virtual-currencies-area-interest-1579699
Rumour has it Saddam paid for his WMD's using bitcoin, won't somebody think of the children... Meanwhile paper dollars remain the No. 1 currency for criminals worldwide.
Earlier than I expected.
EDIT: Ah, they're only studying it. Good, good.
Now I will keep my funds on the European exchanges for sure.
Edit:
This news combined with the fact that Mastercard hired some lobbyist to create some anti-bitcoin awareness is really bad news.
No it isn't. It means people who run Mastercard are afraid of bitcoin and are confirming it's utility by attacking it.
Free advertising.
Some transactions are fast, low-cost and secure.
For everything else, there's MasterCard.
May 03, 2014, 03:11:27 PM
Oooh, looks like some new 'news' on the cards:
http://www.ibtimes.com/bitcoin-terrorist-threat-counterterrorism-program-names-virtual-currencies-area-interest-1579699
Rumour has it Saddam paid for his WMD's using bitcoin, won't somebody think of the children... Meanwhile paper dollars remain the No. 1 currency for criminals worldwide.
http://www.ibtimes.com/bitcoin-terrorist-threat-counterterrorism-program-names-virtual-currencies-area-interest-1579699
Rumour has it Saddam paid for his WMD's using bitcoin, won't somebody think of the children... Meanwhile paper dollars remain the No. 1 currency for criminals worldwide.
Earlier than I expected.
EDIT: Ah, they're only studying it. Good, good.
Now I will keep my funds on the European exchanges for sure.
Edit:
This news combined with the fact that Mastercard hired some lobbyist to create some anti-bitcoin awareness is really bad news.
No it isn't. It means people who run Mastercard are afraid of bitcoin and are confirming it's utility by attacking it.
May 03, 2014, 03:00:47 PM
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