All posts made by jertsy in Bitcointalk.org's Wall Observer thread
1.
Post 9966053 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.41h):
do you guys think it is a good idea to sell all my 200btc for ripple
will ripple replace bitcoin soon?
I would say trust nobody, do your own research, and make up your own mind.
2.
Post 9967896 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.41h):
i am thinking to change all my btc in bitshares and ripple
Crack on!
sell all your coinz!
Invest in RIPPLE AND TEH BANKZ!!!!1
This is a Bitcoin price movement tracking & discussion thread, not a ripple pump thread. Please restrict the discussion to Bitcoin price movement tracking.
3.
Post 9968055 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.41h):
i am thinking to change all my btc in bitshares and ripple
Crack on!
sell all your coinz!
Invest in RIPPLE AND TEH BANKZ!!!!1
This is a Bitcoin price movement tracking & discussion thread, not a ripple pump thread. Please restrict the discussion to Bitcoin price movement tracking.
Hmmmm, ok,
The price of one bitcoin 10 days ago was 10,000 ripples, today it's 13,000 ripples.
Am I doing it right?
Yes but you need to change your signature from this.
"The only thing about
bitcoin that matters is that it is an accurate ledger of transactions, that it is open to the public, and cannot be fucked with."
to this
"The only thing about
ripple that matters is that it is an accurate ledger of transactions, that it is open to the public, and cannot be fucked with."
4.
Post 9968678 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.41h):
i am thinking to change all my btc in bitshares and ripple
Crack on!
sell all your coinz!
Invest in RIPPLE AND TEH BANKZ!!!!1
This is a Bitcoin price movement tracking & discussion thread, not a ripple pump thread. Please restrict the discussion to Bitcoin price movement tracking.
You're sharp aren't ya?
Yes but you need to use this in your signature.
"The only thing about ripple that matters is that it is a ledger of transactions between parties that must be trusted not to fudge the numbers, that the issuance of the underlying currency is totally controlled by those trusted parties, and that only the trusted parties are allowed to change the rules as they see fit."
5.
Post 9973141 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.41h):
Lowest buy order on Thai exchange bx.in.th is at $328
Lowest buy order in Swedish exchange fybse.se is at $340
There are 35 bitcoin markets listed in coinmarketcap, the lowest volume ones have zero volume today. Why are neither of the exchanges you quoted listed there? Are they such obscure markets that nobody trades on them?
http://coinmarketcap.com/currencies/bitcoin/#markets
6.
Post 9977555 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
It's more like you are into special wooden nickels made of a specific tree, cut down and uniquely identifiable by it's dna. It's the first kind of wooden nickels that are uniquely identifiable in that way. The problem is there are other people who have done that with other trees, and their wooden nickels have the same properties besides being from a different tree.
While they have the same intrinsic properties, their extrinsic properties are dramatically different. It is not the intrinsic properties of BTC which give it fundamental value, but extrinsic ones.
Things with different properties behave differently.
Are you suggesting that it's not the technology but the userbase/great PR which gives bitcoin value?
I was lead to believe the value behind bitcoin was disruptive technology
A great PR always does vary prices. In a positive as well as a negative way. But the technology is the major factor imo.
First mover advantage probably helps give bitcoin some value. The technology and the PR are probably also major factors.
7.
Post 9977990 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
Is this what chartbuddy's chart looks like to everyone else, or is it just me?
8.
Post 9983757 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
Some claimed that BTC would be around 10k+ by now with pics that made lots of sense.
yeah ..mainly pre goxxing and china banned-but-not-banned-a-thon. I see a fair bit of strength in a market touted as bunch of digital tulip beanie babies.
those kinda of assumptions we're also just noobs like me thinking that people could digest bitcoin fast enough, and thats just not true. It takes some time and sometimes multiple factors to finally break the fiat only belief systems that some people are stuck in.
these numbers just take an estimated user base over a finite amount of coins to be created by x date. as well as usually being based on comparsion of btc eating up a % of certain markets. Gold, Western Union remittances etc.
This link shows no less than four charts all suggesting bitcoin will hit $10000 next year. According to the fourth chart bitcoin should be selling for
$600 $10000+ today. All four charts got it wrong.
https://www.cryptocoinsnews.com/four-charts-suggest-bitcoin-value-10000-usd-next-year/edit]
I misread the fourth chart, I thought it showed the price should be $600 today, but it shows it should be $10000+ today.
9.
Post 9983919 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
Four charts? Not much of a sample, is it?
The charts must have been created in early January 2014 when everyone was wildly optimistic. The article's author probably thought he didn't need big samples because he was being wildly pessimistic by predicting a price as low as $10000+
10.
Post 9987672 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
Stamp looks reluctant to go below $310...
It's taking time but about two thirds of the 1k wall at $310 has been dumped into. There's only ~370 coins stopping it going below $310.
11.
Post 9994720 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
based on the filed in 2013 its 1mil shares worth 0.2 btc each with price point at $100/btc and propose IPO share price of 20$/share
Based on this alone, thats 200k BTC valuation irrespective of $$. I dont really know a whole lot about this but would Winkle's have to physical prove that they have in their possession 200k btc worth to file this with the SEC?
Wasn't there some alrge movement of btc in the last few months, would this account to proving ownership?
They don't have to move any coins to prove ownership, they only have to sign a message from an address holding the coins.
12.
Post 9996232 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
Disregard short squeeze. People are not incorrectly reading bad news as though it were good news like they normally do. Bring on the end of the world.
haha
I was waiting for someone to try and spin this further delay and uncertainty surrounding the ETF as good news, but it seems not to be happening. I think they've spotted the snipers in the bushes
You sir are trying to do the spinning
No sir , just calling it how it is
If I am spinning, please explain to me how further delay of something that people are eagerly anticipating for a boost in prices is positive. Clearly their last submission was not approved or they would not need to submit another one. Clearly this pushes back the timeline.
At best it's neutral if you were not expecting an imminent launch.
The whole news article was complete misrepresentation and omitted most of the facts.
That is spinning ... or just piss poor journalism
+1
I almost took the author's word for it. Thankfully others took the time to do some proper research.
13.
Post 9996403 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
Bitcoin bull to the moon in 2015
Aww.. The poor bull thought he's finally going to the moon... He didn't know he wouldn't be able to put his helmet on
B-bull don´t need no helmet for space.
It´s just there for photographic effect.
Space helmets are for wimps?
14.
Post 9996706 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
please explain to me how further delay of something that people are eagerly anticipating for a boost in prices is positive. Clearly their last submission was not approved or they would not need to submit another one. Clearly this pushes back the timeline. At best it's neutral if you were not expecting an imminent launch.
The whole news article was complete misrepresentation and omitted most of the facts.
That is spinning ... or just piss poor journalism, probably the latter
Here is a diff of this latest amended proposal (version 5) and the previous one (version 4):
http://www.reddit.com/r/Bitcoin/comments/2qxgah/diff_of_the_newest_winklevoss_filing_here/They update some data about the state of bitcoin (e.g. adoption) and change the State where the fund is incorporated, from New York to Delaware. Would this change improve the chances of approval?
The plan is still to trade the fund on NASDAQ anyway.
Could the state change be tied to the licensing issue. Delaware is the traditional state for incorporation so that would normally be neutral, but the fact that they changed it this late in the game suggests something is the matter.
yup,they don't like it atm,changes required before approval
Yea, and that is not a small change at all. That is a structural change, not just shifting a little bit of wording around. Tough to know because we aren't prevue to the discussions, but just my two cents as a lawyer.
as you know a couple of words mean a lot,crossing the t's etc, i'm sure they want it to proceed but with what limitations
IMO this change proves the ETF will be approved sooner or later.
Is the change likely to delay things considerably? The approval process seems to have moved at a glacial pace to date.
15.
Post 9996809 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
please explain to me how further delay of something that people are eagerly anticipating for a boost in prices is positive. Clearly their last submission was not approved or they would not need to submit another one. Clearly this pushes back the timeline. At best it's neutral if you were not expecting an imminent launch.
The whole news article was complete misrepresentation and omitted most of the facts.
That is spinning ... or just piss poor journalism, probably the latter
Here is a diff of this latest amended proposal (version 5) and the previous one (version 4):
http://www.reddit.com/r/Bitcoin/comments/2qxgah/diff_of_the_newest_winklevoss_filing_here/They update some data about the state of bitcoin (e.g. adoption) and change the State where the fund is incorporated, from New York to Delaware. Would this change improve the chances of approval?
The plan is still to trade the fund on NASDAQ anyway.
Could the state change be tied to the licensing issue. Delaware is the traditional state for incorporation so that would normally be neutral, but the fact that they changed it this late in the game suggests something is the matter.
yup,they don't like it atm,changes required before approval
Yea, and that is not a small change at all. That is a structural change, not just shifting a little bit of wording around. Tough to know because we aren't prevue to the discussions, but just my two cents as a lawyer.
as you know a couple of words mean a lot,crossing the t's etc, i'm sure they want it to proceed but with what limitations
IMO this change proves the ETF will be approved sooner or later.
How the f--- did you come to that conclusion, exactly? They've fundamentally changed their filing -- they didn't just cross a "t" or dot an "i." No, they subjected themselves to an entirely different state of incorporation at the umpteenth hour. Logical reasoning is not a core criterion for becoming a Bitcoiner, is it?
If the SEC had decided they wouldn't approve a math-based assets ETF they would've made it clear to the Winklevoss instead of suggesting corrections to their filings.
Logic would suggest that no amount of countless lawyers hours at a hefty price should be spent further pursuing a hopeless goal. Clearly the Winks have some indications that following due process their project has a chance and will ultimately be approved.
I don't like the timing of the revision. Christmas is a good time to bury bad news. I'll wait to find out the reasons behind the revision before making up my mind about its implications.
16.
Post 9997435 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
Happy new year
17.
Post 10000280 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
That qualifies him for political office.
I THINK? he still has his personal bitcoin right? so likely he is living a far better lifestyle then myself
now this could change with charges etc but from what I gather he is kinda off the hook on the 'stupid' defense as of now?
(not been keeping up any update appreciated)
It's strange how he lost everyone's bitcoins except his own.
18.
Post 10001015 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
It's strange how he lost everyone's bitcoins except his own.
IIRC he owned four companies: the holding company Tibanne, MtGOX, a bitcoin Café (never opened) and a 3D graphics company (dead apparently). MtGOX lent significant sums of money to these companies and perhaps to Mark personally. MtGOX also had no employees, they hired services from Tibanne who hired the employees. legally, only MtGOX went bankrupt. After the bankruptcy, Tibanne requested payment for the pending bills of services rendered to MtGOX, and the request was granted. On the other hand, the bankruptcy trustee is trying to recover those loans, but Mark is resisting. All this is in the trustee reports available at
www.mtgox.com.
EDIT: Tibanne also had a trading account at MtGOX with a fat balance. I wonder if Mark and other MtGOX managers and staff had accounts there. (Ethics? Is that a coffee brand? Never heard of it.)
Thanks for posting this information.
19.
Post 10001990 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
Can still not enter bitstamp
500 Internal Server Error
Any idea?
Someone's trading there. This is what Bitcoinity's showing for Bitstamp.
bitstamp 1.26 a minute ago 315.1
bitstamp 0.03 2 minutes ago 315.2
bitstamp 1.48 3 minutes ago 315.1
bitstamp 0.07 4 minutes ago 315.2
bitstamp 1.31 11 minutes ago 315.5
bitstamp 1.01 15 minutes ago 314.8
bitstamp 0.05 17 minutes ago 316.0
bitstamp 2.90 17 minutes ago 315.4
bitstamp 0.03 17 minutes ago 314.8
bitstamp 0.05 18 minutes ago 316.0
bitstamp 4.18 18 minutes ago 314.6
20.
Post 10003644 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
@ejinte
stamp seems to have trouble with avasts web-shield (specifically their https scan/middleman certificate).
turn it off for profit.
I don't have any web-shield.
And I still can't access.
Have you tried deleting your browser's cache?
21.
Post 10003742 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
@ejinte
stamp seems to have trouble with avasts web-shield (specifically their https scan/middleman certificate).
turn it off for profit.
I don't have any web-shield.
And I still can't access.
Have you tried deleting your browser's cache?
Now it's working. So strange.
Did you have to change anything to make it work?
22.
Post 10004177 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
volatility is dead.
bitcoin is dead.
Volatility will return when hangovers have worn off.
23.
Post 10004633 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
Whats up with Bitstamp? Does anybody have information?
Someone else seemed to be having problems.
@ejinte
stamp seems to have trouble with avasts web-shield (specifically their https scan/middleman certificate).
turn it off for profit.
I don't have any web-shield.
And I still can't access.
Have you tried deleting your browser's cache?
Now it's working. So strange.
24.
Post 10010463 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
The point is that whales in the top 500 addresses are buying low.
How do you know they're buying and not just transferring coins they already had from other (presumably smaller) wallets?
Occam's razor. It is a multi year trend.
Is there a way to tell what addresses in the top 500 belong to exchanges? I assume they must have some of the biggest wallets.
25.
Post 10010970 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
Nxt taking off. Bye bye bitcoin it's been a good ride but it's time to go now.
Serious?
That run is just a pump of speculators.. It will drop soon enormously.
A 9.10% increase is hardly a moonshot.
26.
Post 10011393 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
27.
Post 10014608 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
$316!!!!
No, it's only 315.95 now, there was a huge 0.81 bitcoin dump on stamp.
28.
Post 10015732 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
What happened to bitchick? Did she finally give up and sell her holdings?
Even Rpitelia is gone now and pushing (unsuccessfully) some scam altcoin. 2014 really fell flat, didn't it? I doubt 2015 is going to be any better.
Did falllllllllllllllllllllllling take over your account?
You might have mistaken riiiising for riiiiising.
Here's riiiising's profile link.
https://bitcointalk.org/index.php?action=profile;u=368768And here's riiiiising's profile link.
https://bitcointalk.org/index.php?action=profile;u=378297
29.
Post 10016068 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
$316!!!!
$315!!!!
30.
Post 10016365 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_13.42h):
I've not been following Paycoin, but someone said the ICO made more than Ethereum. Is this correct, and can the dev dump the ICO bitcoins yet?
31.
Post 11668245 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.18h):
no wonder shitcoins are doing so good.
all those bitcoins that were bought in 220~230 range needed to go somewhere.
As soon as Bitcoin starts to drop the shit coins start dropping faster though. Someone commented that shorting litecoin was like printing money yesterday. Shitcoins are a high risk investment and get dumped fast once bitcoin starts going back down. Some of the bitcoins getting dumped yesterday were probably from people who made a profit on shitcoins and decided to lock their profits in.
32.
Post 11712957 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.18h):
seems the 22k bid wall on finex is gone?! 13k left!
The way it was removed in one huge chunk makes it obviously the work of one person. It wouldn't have been dropped so quickly if numerous different people had contributed to the wall. Clearly a manipulator is at work, and the rest of the wall remaining is almost certainly his work too.
33.
Post 11830140 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.20h):
I am going out for a bit. If bitcoin would like to attack 300 that would be great!
Keep up with the latest news while you are out, if you get a chance.
It might depend on whether the Greek government submits credible proposals, unrealistic proposals, or says manana. If they do a last ditch deal then we get no Grexit and that might slow down the Bitcoin rally, or stop it. If they don't do a deal and we get a Grexit it might speed up the Bitcoin rally.
34.
Post 11833475 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.20h):
....
They are already bankrupt. Question is, will TPTB give them a palateble package of debt write-downs that allows them to recover within the Euro, without being asset-stripped, or will they have to exit and take the short-sharp-shock route of default in order to stand any chance of recovering from this mess ...
EU is desperate to hold the (probably doomed) Euro intact, so my guess is they get a deal. Even the IMF and US Treasury is saying any deal without a debt write-down will inevitably fail. Pressure is really on the Germans now. Greece drops out, defaults and thrives, they will soon be followed by other Southern European states. They get write-down and those states will be knocking on the door for the same in due course ...
Germany, as the main beneficiary of the of the Euro has some hard thinking to do. If Southern states ditch the Euro, bang goes a large part of their export market as the new currencies will inevitably be weaker, as will the political power of the Eurozone.
The Germany stands to lose the most because Greece owes it more than any other country or institution. By
sacking its finance minister allowing its finance minister to resign, and talking about new compromises Greece signaled it was ready to do a deal. Germany will probably compromise next by backtracking on its refusal to
write off restructure Greece's debts.
35.
Post 11834183 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.20h):
Litecoin's not immune to the spam attack, it would just cost more to do the same attack on Litecoin. I don't know how many transactions the Bitcoin spammer is sending for a single fee payment, but it's not costing that much money to do the attack. I assume Litecoin's transaction fees are lower than Bitcoin's so a spammer might still be able to attack Litecoin for not that much more money than attacking Bitcoin. Litecoin's not been attacked yet and it would be interesting to see how resilient it really is.
The fix implemented in Litecoin is just to charge the sender a fee for each tiny output he creates. For example, in this specific attack, the sender is charged one fee for sending to 34 tiny outputs of 0.00001 BTC. With the fix, that fee would be 34 times as much. So it would cost the attacker a lot more to perform the spam attack. The concept is fairly simple: the sender should pay for each tiny output he/she creates
Furthermore, a post in the alt section claims the Litecoin pump is a new Chinese pyramid scheme where a "member must buy in 500 ltc to be eligible to collect "mining return" (3-5 ltc/day)". I hope it's not for real because there will be a hell of a dump if it is, and the masterminds will probably dump their Litecoins for Bitcoins, then dump their Bitcoins for fiat.
LOL, dude, you're killing us!
So,
1. 10%
2. 10%
3. 3%
4. Profit
Member must buy in 500 ltc to be eligible to collect "mining return" (3-5 ltc/day).
36.
Post 11834968 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.20h):
Taking a shit load of euros, don't worry Torque..
Rather deposit € on exchange (arbitrage) and try to sell btc local there... after all Mascga said prices for btc are high (50€+ compere to actual rate)
Wouldn't that involve selling in person via Local Bitcoins? I wouldn't want to show off big wads of cash in public while selling Bitcoins in Greece. Considering you can only make tiny daily ATM withdrawals anyone showing off cash will risk robbery. Desperate people often do things they normally wouldn't consider.
37.
Post 11835030 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.20h):
Nah ... Greeks love tourism. Greek islands are peaceful places. Sure, I would avoid large cities and public places (tho even that might be being too cautious), but I doubt there will be much other than gratitiude for tourists in the islands. They NEED that income and all small islands are like mafias ... crime breaks out that affects business, it will be nipped in the bud. Sure, I would expect a little more crime there if everyone is carrying cash, but the islands are one of their greatest assets and they know it.
Stand with the Greeks, take extra money and spend it all, they need it
I'm half expecting a massive street party once they are released from the tyranny of the EU, if that happens. Sure, lots of hard work ahead, but no more boot stamping on the face ...
macgsa, interested to hear your view ... btw, I am not implying that greek islanders are only friendly to tourists for the money
Greek islands are a place of Heaven that escaped on Earth. The current problem is that WE (the Greeks) cannot withdraw more than 60Eur per person, a day. That doesn't apply to a tourist coming to Greece. They have the ability to take infinite amounts. If you check the posts from tourists that are now on Greek islands, you see how the world is rolling here.
Personally, I don't anymore expect a Grexit. I don't expect a nice deal for us either, but
I do expect a HEAVY debt reduction by the institutions. Similar to the one that occurred to Germany's debt in 1953 with the London treaty. Call me a fool, but that's what -I think- is the reason Greece has not already been on Drachma or something similar.
We look forward. We're strong and grateful that we live here. Money don't matter. People do...
You are probably right, now Germany has agreed Greece needs debt restructuring. Germany stubbornly refusing to consider restructuring was the biggest impediment to a deal. Now its changed its mind a deal might go through this weekend that prevents a Grexit.
http://www.reuters.com/article/2015/07/09/us-eurozone-greece-idUSKBN0P40EO20150709Germany conceded on Thursday that Greece would need some debt restructuring as part of any new loan program to make its economy viable as the Greek cabinet raced to finalize reform proposals to avert an imminent economic meltdown.
The admission by German Finance Minister Wolfgang Schaeuble came hours before a midnight deadline for Athens to submit a reform plan meant to convince European partners to give it another loan to save it from a possible exit from the euro.
38.
Post 12226258 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.24h):
I'm glad I moved everything I had off Bitfinex before this downtime and the flash crash before it. I'm annoyed I missed a chance for cheap coins during the flash crash, but relieved my coins aren't stuck on Bitfinex now. I was toying with the idea of moving my coins back to Bitfinex in case there was another flash crash. Thankfully I never did it. will there be another crash if/when Bitfinex starts trading again?
39.
Post 12229744 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.24h):
Wtf. .. where are we going? 215$ this is some serious shit, i m thinking to sell i have just reedemed my paper wallets
I'm thinking to buy, I'm just waiting up on some money... and even lower bargain prices. Man, people are gonna regret selling 8 months from now.
There's that big psychological barrier at $200 looming. If it goes below that the drop will be big and fast. Everyone's wondering if it's going below $200. It might only be a coincidence the stock market crash is happening on the same day that Bitcoin's going down, but you never know. Some traders might be dumping Bitcoins to make up for their huge losses on stocks and shares.
40.
Post 12237497 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.24h):
Everybody, get ready for a massive dump, because I just bought back in. Somehow what I do always makes the price do the opposite of what is good for me.
I thought it was all about me and you're saying it's all about you
anyways I'm ready for the dump
I know the feeling. I was up briefly yesterday and chose to hold just before it crashed. Then when I didn't choose to buy the price went back above what I panic dumped for. I should have taken my meager profits when I could and bought back at 200 but I thought it was going lower instead of bouncing off it.
Perhaps I'll take LFC_Bitcoin's advice in the future.
41.
Post 12239055 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.24h):
Finex freezing again..
Froze with a 1078 buy according to bitcoinwisdom.com.
Not again.
When one of the biggest Bitcoin exchanges keeps freezing trading it gives everyone the jitters. If there's some serious problem with their platform it could lead to a sell off because everyone remembers all the other exchanges there were problems on. They should have 100% trading uptime for a trading market.
42.
Post 12239548 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.24h):
I can't believe Bitfinex has frozen trading again. Are they doing it on purpose or is it due to incompetence? I hope they don't become the next Gox. This is an extremely worrying situation. I think the last crash below 200 was partly due to their frozen market when everyone was left to speculate on what had gone wrong.
43.
Post 12239945 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.24h):
Trading on bitfinex has resumed.
That's what happened last time but trading stopped again after about half an hour. How long will they manage to keep their trading engine running this time before it freezes, or is frozen deliberately by them for some reason or other? This has been happening too often.
44.
Post 12240185 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.24h):
Trading on bitfinex has resumed.
That's what happened last time but trading stopped again after about half an hour. How long will they manage to keep their trading engine running this time before it freezes, or is frozen deliberately by them for some reason or other? This has been happening too often.
sounds like every time the market moves in any major way they freeze .. apparently your only allowed to trade on bitfiniex if the market is moving sideways. they must have some serious issues over there.
I think it's frozen again, there have been no trades for the last 8 minutes. It seems like they give about half an hour's trading then freeze the market when it starts moving up or down by a few dollars. Gox used to attempt fixing their trading platform while it was running and Bitfinex seems to be attempting it now.
45.
Post 12240267 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.24h):
Trading on bitfinex has resumed.
That's what happened last time but trading stopped again after about half an hour. How long will they manage to keep their trading engine running this time before it freezes, or is frozen deliberately by them for some reason or other? This has been happening too often.
sounds like every time the market moves in any major way they freeze .. apparently your only allowed to trade on bitfiniex if the market is moving sideways. they must have some serious issues over there.
I think it's frozen again, there have been no trades for the last 8 minutes. It seems like they give about half an hour's trading then freeze the market when it starts moving up or down by a few dollars. Gox used to attempt fixing their trading platform while it was running and Bitfinex seems to be attempting it now.
"Update again:
We will be halting the trading engine again for a few minutes to update positions and balances with the trades."
Isn't the whole point of having a trading engine that it's supposed to automatically update positions and balances with the trades? There's not much point having it if they have to do everything manually. I hope they don't lose track of who owns what.
46.
Post 12240501 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.24h):
get your BTC out of bitfinex b4 it implodes! I expect full implosion in 3 hours so regretfully there is no time to save your fiat... you can however buy BTC with your fiat and get out that way. everyone remained calm and evacuate your riches from bitfinex.
Their customers can only buy Bitcoin to get out before the predicted implosion if trading gets unfrozen in the next three hours. What if Bitfinex refuses to unfreeze trading before then? According to their last tweet they are manually updating positions and balances with the trades. That must be a time consuming process.
47.
Post 12241722 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.24h):
Recent spike--panicked traders rushing to get their $$$ out of BFX, no matter the cost?
The same thing happened after Stamp got hacked. The price shot up as anyone who wanted his coins out fast bought at any price. It soon crashed afterwards though, down to 150 ish. If I had money on Finex I'd be willing to take a big haircut from buying over priced coins to get it out of there as fast as possible.
48.
Post 12242033 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.24h):
So if people wan´t at least try to withdraw their coins i guess they would have to close their positions first.
100k+
BTC long vs. 20k
BTC short
Do the math
100k-20k=80k
80k/Yx3,14=$32000 coins!!!
CCMF!!!
What if Bitfinex doesn't have enough coins to pay everyone if they all withdraw at the same time? They might go offline and keep saying they will reopen sometime in the future like Gox did. I don't think Bitfinex has ever done a proof of reserves, or has it?
49.
Post 12242355 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.24h):
This tweet is the nearest thing to a statement that I could find. It suggests their trading engine's database is corrupt, and there has already been a complaint from one of their customers that his balance is not correct. I've not found a proper official statement anywhere yet, only that tweet.
https://twitter.com/bitfinex/status/636258874606133248Bitfinex.com @bitfinex 2h 2 hours ago
We are experiencing data corruption issues and will be offline until corrected. Sorry for the inconvenience.
50.
Post 12518018 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.26h):
seemingly the same amounts being sold & bought repeatedly
Ye I just saw that. Broken bot or volume manipulation ?
Funny whether other exchanges will follow, or we end up stuck in the mid-$230s... then over the weekend, isnt there more likely fuel for dumping rather than pumping? Then we will be back to $227-ish?
If you look at the volume on a larger scale it actually looks like massive volumes of BTC were purchased on Bitstamp. still theres no telling if its real or fake.
If its real then some massive companies are accumulating tens of thousands of coins (the volume on bitstamp would actually be unbelievable in this case and bitfinex would no longer be the largest exchange).
If its fake, then who is paying the trading fees and why? or is bitstamp themselves faking the volume like the chinese exchanges always do?
I noticed there are lots of little trades backwards and forwards for small amounts like 0.05 BTC on Bitstamp. They can be bought and sold back again in the space of minutes. It often looks like the work of bots to me, and I often wonder if Bitstamp themselves control the bots. 0.05 BTC is only worth $12, and I doubt their are hundreds of traders all furiously trading such small amounts. I suspect most exchanges use bots to inflate their daily volume.
51.
Post 12574800 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.27h):
How do bots equate to fake trading? These days people trade with bots. In regards to Bitstamp.. I just got $15 of fee credit for free. I think they're handing out party flyers.
I haven't logged into my Bitstamp account for ages. I'll have to log in and find out if I've been given any free fee credits. They occasionally have a month with no trading fees. Free fee credits might be a cheaper way of tempting people to trade there. I don't think ordinary traders using bots is fake trading but if an exchange with fees uses its own bots to make trades without paying any fees, then it's fake trading to make it appear that exchange's volume is higher than it actually is.
52.
Post 12575165 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.27h):
Another 22k volume 3m bar over at OKCoin - this time it moved the price 0.0 (maybe 0.2) yuan.
The Coinmarketcap Bitcoin markets page has a special category at the bottom of the page for markets with no trading fees. Any of those markets are denoted with * to signify "Volume Excluded - No Trading Fees". The OkCoin Intl. BTC/USD market has fees and is included in Coinmarketcap's volume calculations. The OKCoin.cn BTC/CNY market has no fees, and is excluded. Its volume is more than ten times higher than the market with fees today.
OkCoin Intl. BTC/USD $ 1,341,280
OKCoin.cn BTC/CNY $ 25,663,300 *
http://coinmarketcap.com/currencies/bitcoin/#marketsAny markets without fees are a joke for calculating volume from, and thankfully Coinmarketcap ignores them all.
53.
Post 13189239 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.36h):
Notice how the price shot up when China wakes up. It's now 08:08 in China so they must have started buying almost straight after opening their eyes before they had a chance to eat their breakfasts. That's what the tiny retrace is probably due to. As soon as they've finished eating they will be back to buying.
54.
Post 13189716 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.36h):
I haven't read so much from what satoshi said back in the day but from the little amount I've read, he never came across as a attention craving shady old man like this dude seems to be.
Just curious, but how did everyone get the impression that he's attention craving? I watched the videos and read the articles/emails and I didn't get that.
What did he talk about at the conference? Everyone's been so busy discussing whether he's Satoshi or not that nobody has mentioned why he went. Did he speak about a new technical solution for a problem, or something mundane? If he's unknown then who invited him to speak, and why?
If he invited himself it suggests that perhaps he's attention craving, but if someone else invite him it suggests otherwise.
55.
Post 13525597 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.40h):
i had to reindex the blockchain.. it took more than 48 hours for my pc:
64G memory
intel 6-core i7-3960x extreme edition
Asus rampage motherboard
ssd boot drive
three disk striped <<<<<<<<<<<< blockchain lives here
ridiculous my pc takes that long to index blockchain . yeah bitcoin is uba... i have recorded this bullshiat.
i have not even fired up armoury.. it has to go through its index bullshiat too.. i'm gonna record it.
It happened to me last week, my PC froze & I had to turn it off at the socket. Thought I'd lost all the bitcoin's I have stored in Core. Balance reset to 0, thought my life was over
After literally 2.5 days of reindexing balance was restored to correct amount. They really need to sort this shit in one of the next updates.
Both of you need to stop using a bitcoin node as a wallet. Use electrum, copay or a trezor for that. This is safe, light and easy, just the opposite of what a node is.
Electrum depends on Bitcoin core for its backend, so somebody has to run a node. Running a node helps the network remain decentralized, and if the problem they are complaining about isn't fixed less and less people will run nodes. If that problem gets fixed more people will choose to run nodes.
56.
Post 13621190 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.41h):
Luckily most mining pools are intelligent and have our best interests in mind like most of the developers and these drastic steps likely will never be needed.
Its a fatal misapprehension to believe that any actor in Bitcoin has your best interests in mind. Bitcoin works because everyone can work to their own advantage. Its been designed that these interests naturally self align without any central coordinating function.
There is no invisible hand here - and devs have no business guiding anyone.
Satoshi obviously understands human nature and planned Bitcoin accordingly. One of the mistakes he admitted was offering no reward for running a full node. People still do it with the best interests of the network in mind, but there are decreasing numbers of people prepared to do it for nothing. There would be an order of magnitude more nodes if people were rewarded for running one.
57.
Post 13776878 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.43h):
man Bitcoin looks slow and heavy compared to the forex market currently.
The Euro got 4% in like 2 days without a pullback.
Maybe bitcoin is finally just reacting to the weak Dollar which is on his knees together with the stock markets?
Man if the markets flip over we could see a worse crash then in 2008... It's going to be really interesting how Bitcoin is going to react at the first big scale global crisis.
Will it shine? Or just dump like everything else?
We shall see.
That might be the real reason the EU want to regulate Bitcoin exchanges to the extreme. If there's a big stock market crash on the scale of 2008 they won't want people hiding their money in Bitcoin. With extreme exchange regulations about reporting every trade, withdrawal, and deposit they could find out every EU citizen's transactions in real time.
58.
Post 13777286 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.43h):
The routing problem is further complicated because they don't only want to route transactions. They want to take a slice and collect a fee for doing so. This is a fee that will come directly out of the pockets of miners and will make Bitcoin less secure.
Blockstream hobbles bitcoin, gives it a crutch and then tries to take credit that it can walk. If Core loses their position as reference client developers, they should try a career in government.
Greg would make a pretty good banker. Why not give it a try??
Looks like he's making the same mistakes bankers made in the early 2000s as well. Introducing products he doesn't understand and/or doesn't understand the consequences of.
Ha! Bankers don't make mistakes - they still make money either way. And Greg is just realising that he doesn't really need to 'sell' anything now - the deal is done and dusted.
But what I cant get with is the fact that he knows he has no solution to routing, but is willing to pretend otherwise. Seems a dangerous strategy. But maybe its the only game left. And it seems to be working - getting Horizons and AXA onboard ( albeit with a lot less money than they are letting on) is no mean achievement. But it will be the death of Bitcoin as the vast majority of its community understand it to be.
Satoshi might post his opinion backed by his PGP key to stop his creation mutating into something he opposes. His voice could change attitudes faster than anything else. Most of the community would back his opinion because he is the instigator of the Bitcoin project. If he's alive he must be following what's happening to Bitcoin.
59.
Post 13959643 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.45h):
Daaaaaaaaaaaaaaaamn! It only goes up that's too cooooool!
Bitfinex is leading the way today. Do you think it will break above $460 on all three of those exchanges soon? This whole week's been bullish and every wall got smashed down quickly. There's a 1.5k wall of fear on stamp waiting to be smashed down and a 3k wall of fear on finex waiting to be smashed down.
60.
Post 14129540 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.47h):
Currently, I'm considering removing a large majority of my coins from Coinbase, because of their various recent stances in the blocksize limit debate that seem to purposeful attempts at disrupting and dividing the bitcoin community (to the extent that there is such a community).
lol nice,
my advice to you is
JUST DO ITI have coins on their exchange and coins in the regular wallet and coins in the vault.
As you likely realize, with many things related to bitcoin, I like to brainstorm about my actions and my contemplated actions (especially when I am making fairly significant changes), and that's part of the explanation why I have a 5800+ post count on this forum.
I will probably leave a few coins in coinbase in each of the three locations (wallet, vault and exchange); however, I am in the process of removing some coins from the vault (apparently, it takes 48 hours), and thereafter I will transfer about 90% of my holdings out of there. I may change the amount later, but 90% is my initial projection. Upon reflection, this becomes a bit troubling for me, because I had accumulated most of my coins through Coinbase, and until now, they have held the most coins for me than any other location. I have my coins distributed, but still at this point Coinbase still has about 50% of all my coins. After this move (probably two transactions on the blockchain), they will have less than 10% of all my coins.
Also, it is a bit ironic that I have been a bitcoin user for more than 2 years, and it surely does take a long time to learn about bitcoin and to create a number of wallets and even now, I am trying to consider other wallet solutions (and some of them just seem too technical and complicated and somewhat filled with one kind of risk or another - whether that be 3rd party risk or the risk of me screwing it up, somehow).
bitaddress.org
you need to save this html page,
remove internet wire ( or reboot with a linux live cd or usb )
print out the paper wallet
reboot.
cut the private in half ( use scissors ), hide one half of the key in your ass and the other in a bank vault.
this will give you the most secure / simplest wallet solution i can think of.
sounds like you needed to take out a good % off BTC of the exchange for a while now...
exchanges can implode anytime.
MtGox wasn't the first and it wont be the last.
Isn't there a cryptographic attack that makes it possible to guess a private key if you have access to half of it? I'm sure it says somewhere that a private key can be considered compromised if an attacker gets a proportion of it. If an attacker gets hold of the half key in your ass you lose, or if a corrupt bank clerk gets the half in the bank vault you also lose.
61.
Post 14448590 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.48h):
Openbaazar, is here, lightning network has a date, halvining is getting closer...wheres the bulls? wheres the pumps? ,lol hope im wrong, but part of me thinks they worried to pump coz so many peeps made nice amounts of BTC on ETH and know they gona get dumped on.
cmon guys pump to $500 at least.
...everybody always wants to buy cheaper .... until they can't.
Still got all those guys waiting for $150 btc ... and bunch of guys before them waiting for $40 btc.
I read an old post about people waiting for Bitcoin to go back below a dollar, but it only went down to $2 so they all lost out. Before the last low people were waiting for it to go down to $80, but it only went down to $160. Next time it crashes I'm going to set buy orders at double to most pessimistic price because that's usually as low as it goes.
62.
Post 15575606 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.55h):
Why is price falling down now, anyone know what happened? Bad news again?
It's called normal oscillations in the price... remember yesterday? The price went to $678.. about 24 hours ago?
It doesn't make much sense that you want to call this current situation "down" movement, when prices are kind of in a range... and bitcoin price is a kind of moving dynamic, but it seems that at this time, our range is approximately $540 to $778...
We are currently kind of in the middle of that range, no? Or at least reasonably moving around in that range towards the middle...
Within our current $540 to $778 range we can have normal or extreme upwards and downward corrections.. We have been here for about a month... and if we break into the lower end of the current range, then maybe we could concede.. "prices seem to be going down"
On the other hand, if we start to move into the upper end of our current price range, we may conclude the opposite...
Right now, we just have seemingly normal price movements on fairly low volume and from time to time testing within our current price range (which is still quite big range to be in), but the current price range generally seems to be upwardly projected from the last price range that we were in (which was largely between $360 and $460 for a large number of months)
TLDR: you seem to be getting too anxious in looking at short term charts because BTC prices are more trending upwards rather than downwards at the moment.
.
True, it's just oscillation. And yes, true, we are in middle range now... halving has not even started yet!
Second, also true, getting too worked up about those oscillations. Thanks for clarity, friend.
The last two weeks the price oscillations were between $600 to $700, and next week the price oscillations will probably be between $625 to $675. After the price oscillations are in a $10 range for a week or more Bitcoin might break the $700 barrier. Until then its price will probably get more and more boringly stable.
63.
Post 15637243 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.55h):
Indeed. You know, there are prominent people in the Bitcoin community that I admire and still support, but I'm baffled by their opposition to LN being a separate thing from the core Bitcoin network.
Anyone who knows anything about technology, networks, and programming knows the valid reason why databases are completely separate from the transactional layers of any application. Or how bank clearing houses work. It's really the only way to scale it properly.
That test might result in a price jump despite whether anyone supports the lightning network or fights it. A jump might go above $700 once and for all. There's been a few weeks of calm but some news like that might start the high volume violent price moves again.
64.
Post 15638520 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.55h):
That test might result in a price jump despite whether anyone supports the lightning network or fights it. A jump might go above $700 once and for all. There's been a few weeks of calm but some news like that might start the high volume violent price moves again.
Since when did your average trader react to news other than the bad? I can't really think of anything. The unfortunate thing about bad news is that it's usually instant whereas good news always adds to a future just beyond reach.
Was news of the Brexit bad news? It depends on your point of view, but Bitcoin soared back up to $700 as soon as the news was out. I'm certain the fiat market traders who lost a fortune betting on no Brexit viewed it as bad news, and I'm also certain many Bitcoin holders viewed it as good news.
65.
Post 15806805 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.56h):
I want to write a bitmovements update later, but i would like have some info before i do.
I want to find 3 timestamps
1) the time at which the p2sha address was moved.
2) the time at which bitfinex went offline
3) the time at which the market broke below 600 and started its nose dive.
I'll go look this up later, but if someone could help me out that would be cool.
Bitcoinwisdom shows the last trades as between 18:00 UTC and 18:30 UTC, based on its 30 minute time interval chart. However, the Bitfinex status page has a timestamp of 18:06 UTC on the notice of the hack. Based on those bits of information Bitfinex must have gone offline between 18:00 UTC and 18:06 UTC.
66.
Post 15806918 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.56h):
I want to write a bitmovements update later, but i would like have some info before i do.
I want to find 3 timestamps
1) the time at which the p2sha address was moved.
2) the time at which bitfinex went offline
3) the time at which the market broke below 600 and started its nose dive.
I'll go look this up later, but if someone could help me out that would be cool.
According to the Bitcoinwisdom Bitstamp 30 minute time interval chart the price decisively crashed below $600 between 19:00 UTC and 19:30 UTC. There was probably a gap of about an hour between Bitfinex going offline and the crash below $600, although the price had been wavering between $595 and $605 for an hour or two beforehand.
67.
Post 15807872 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.56h):
thanks jertsy.
now i just need the time of the p2sha address got moved
edit
I just checked and for me i see 14:00 bitfinex goes offline ( i zoomed into the 5Min candles ) 14:00 stamps crashes below 600
I guess i'm not set to UTC time, but still from my view i see that stamps started its nose dive mins if not secs after bitfinex going offline
I think you're right, I checked again on bitcoincharts where you can view the raw data from Bitstamp trades. It shows the nose dive starting straight after Bitfinex going offline.
Sorry about my earlier guesses from 30 minute time interval charts. I should have viewed the raw data, but I couldn't until I found the "Load raw data" link at the bottom of this page.
http://bitcoincharts.com/charts/bitstampUSD#rg2zig5-minztgSzm1g10zm2g25zv
68.
Post 15808227 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.56h):
Elwar posted a link to an address (probably belonging to the hacker) that received Bitcoins from his Bitfinex address. I traced the coins back to this address which is probably Elwar's. It shows the only movement of coins out of it was on 2016-08-02 at 09:45:42.
If blockchain.info is using UTC there must have been hours between the hacker moving the coins and Bitfinex shutting the site down. Why the giant delay, did it take them hours to realise they'd been hacked?
https://blockchain.info/address/3HQm8EnB1txS3nNhNdvTNY3AQj6aDPi7Vs
69.
Post 16454429 (copy this link) (by jertsy) (scraped on 2020-04-04_Sat_14.57h):
Good AM BTCland. Slept in a little today. Normally I'm up by the crack of noon.
Still no change... $612 on Bitcoinaverage.
Not a lot to talk about in this thread (except the ongoing block size debate, in which I refuse to become involved) until we see some real movement.
___________
In the meantime Adam is conspicuous by his absence. He seems to be around the other forum (the one with Chartbuddy) so I gather he's avoiding/boycotting this one.
Anyone know why, except for his obvious disagreement in the aforementioned block size issue? He came back quickly after his mini-ban a few months ago. Any reason why it's different this time?
The price has been going sideways for two months and there's absolutely nothing happening. He's probably too bored to post here. He'll start posting here if there is a major event like an exchange hack, or Bitcoin doubling in price.
