All posts made by celebreze32 in Bitcointalk.org's Wall Observer thread
1.
Post 10026526 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.43h):
Stop losses? LOL!
I deposit fiat to the exchange. I withdraw bitcoins to cold storage. Then I wait.
If bitcoin is still a thing in a couple years, I plan to maybe sell a few and buy a new car. If not, I guess it's a good thing I got a Toyota, those things will run forever
I tried using stop losses. Once I put one on really low and the price briefly spiked down to half a cent below my stop loss, then shot straight back up to the moon again.
2.
Post 10028240 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.43h):
Finally, the misleading weekly PSAR flipped on Bistamp:
Does that mean we are going up or down?
3.
Post 10032915 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.43h):
For the noobs I explain what will happen the next few days.
Watch closely, turn off your emotion and just trade accordingly.
What price is the lowest you predict it will go? It's difficult to work it out from that chart.
4.
Post 10033007 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.43h):
For the noobs I explain what will happen the next few days.
Watch closely, turn off your emotion and just trade accordingly.
What price is the lowest you predict it will go? It's difficult to work it out from that chart.
I honestly don't know for sure.
I would say at least 250.666
Do you think that will be an all time low for this year? Is it too difficult to predict a year in advance?
5.
Post 10034970 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.43h):
We breakout throught ATH @ April 2013. Nice.
goxs even though its the higher of the two I hate it so much that ill go with bitstamps 258 lol
That's news to me. I'm going with bitstamp's 258 because gox's ATH will only rip us off.
6.
Post 10051433 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
So it was true, still not a huge blow.
Nejc handled it well. Hope they learn something out of it.
Mind providing the source from where the statement initially came from?
The statement suggests it will take days before the site's online again. Quoting
We are working to transfer a secure backup of the Bitstamp site onto a new safe environment and will be bringing this online in the coming days.
7.
Post 10051791 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
It seems like the $5M question is whether Stamp has spare BTC to cover the loss, or do they have to buy some of those 18K btcs in the market to return back to their users.
If they make everyone whole and swallow the loss, I wonder how Stamp users will feel? Do you switch because they were hacked, or do you stay loyal because they made everyone whole even after they fucked up. I mean shit happens, its nice to know that they are willing to take a hit to preserve their users' funds (like Blockchain did when some of their wallets were hacked).
How much do they make each day on average? Bitstamp's a ripple gateway in addition to a bitcoin exchange, so it makes money off the ripple system and people trading bitcoins.
The article link below is about the first day OKCoin.com beat Bitstamp by transacting nearly 16,000 BTC, compared with Bitstamp’s ~14,700 BTC and Bitfinex’s ~15,100 BTC.
https://www.cryptocoinsnews.com/okcoin-com-had-higher-daily-bitcoin-volume-than-bitstamp-and-bitfinex-today/I cannot remember exactly what fees Bitstamp charges, but if it's trading volume is ~14,700 BTC daily, then it must have earned far more than $5 million this year.
8.
Post 10051924 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
It seems like the $5M question is whether Stamp has spare BTC to cover the loss, or do they have to buy some of those 18K btcs in the market to return back to their users.
If they make everyone whole and swallow the loss, I wonder how Stamp users will feel? Do you switch because they were hacked, or do you stay loyal because they made everyone whole even after they fucked up. I mean shit happens, its nice to know that they are willing to take a hit to preserve their users' funds (like Blockchain did when some of their wallets were hacked).
How much do they make each day on average? Bitstamp's a ripple gateway in addition to a bitcoin exchange, so it makes money off the ripple system and people trading bitcoins.
The article link below is about the first day OKCoin.com beat Bitstamp by transacting nearly 16,000 BTC, compared with Bitstamp’s ~14,700 BTC and Bitfinex’s ~15,100 BTC.
https://www.cryptocoinsnews.com/okcoin-com-had-higher-daily-bitcoin-volume-than-bitstamp-and-bitfinex-today/I cannot remember exactly what fees Bitstamp charges, but if it's trading volume is ~14,700 BTC daily, then it must have earned far more than $5 million this year.
So that's what happened? Officially? Hackster got the hot wallet??
The statement is here.
http://www.coindesk.com/bitstamp-claims-roughly-19000-btc-lost-hot-wallet-hackThe full statement from Kodrič reads:
"Bitstamp customers can rest assured that their bitcoins held with us as prior to temporary suspension of services on January 5th (at 9am UTC) are completely safe and will be honored in full.
On January 4th, some of Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19,000 BTC. Upon learning of the breach, we immediately notified all customers that they should no longer make deposits to previously issued bitcoin deposit addresses. As an additional security measure, we suspended our systems while we fully investigate the incident and actively engage with law enforcement officials.
This breach represents a small fraction of Bitstamp’s total bitcoin reserves, the overwhelming majority of which are are held in secure offline cold storage systems. We would like to reassure all Bitstamp customers that their balances held prior to our temporary suspension of services will not be affected and will be honored in full.
We appreciate customers’ patience during this disruption of services. We are working to transfer a secure backup of the Bitstamp site onto a new safe environment and will be bringing this online in the coming days. Customers can stay informed via updates on our website, on Twitter (@Bitstamp) and through Bitstamp customer support at support@bitstamp.net."
9.
Post 10051950 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
news just in GOX coin now trading on bitstamp
what the f*ck next?
Microsoft adopts ->> price goes down
Paypal adopts ->> price goes down
NY Regulation ->> price goes down
...
...
Bitstamp Goxxed --> someone CCMFs Bitfinex.
Go figure...
Well wont bitstamp have to purchase 19k BTC to repay their customers #rally
They might already have started judging by the volume on Bitfinex.
10.
Post 10052273 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
Over 200k BTC have changed hands in the past three days. I daresay the stolen coins have cleared the market long since. After that, there's a demand deficiency until testicles are grown back. Then the asks are thin going up, although the whole ask book moves down a wee in the meanwhile. Finally, the reconciliation phase occurs, after everyone has had a chance to sleep on it a couple of times, and a new state of common knowledge is formed.
It will be interesting to look back on the posts leading up to the dumpage. Who was all for shorting before the public knowledge wave started?
No, they are all apparently still in this address, that has never had a withdrawal from it.
https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf
11.
Post 10052334 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
Maybe they are trying to accumulate replacement coins cheap at other exchanges?
Over 6k changed hands on Bitfinex in the space of an hour tonight. It might have been speculators or maybe Bitstamp's started accumulating.
12.
Post 10052568 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
Hey guys, bitstamp got haxxed, did you hear?!?!
Are you sure it wasnt a Goxx-ed, i.e. inside job ... the ceo and his cto buddy probably just smoking it all off as we speak on booze and pot and babes...
Wasn't the current head of Bitstamp until recently working for the SEC? If this happened at BTC-e I would be worried
Probably.
PayPal chief compliance officer (CCO) Jean-Baptiste Graftieaux left his job there to join Bitstamp.
http://www.coindesk.com/paypal-bitstamp-chief-compliance-officer/That article also says Bitstamp got $10m investment from Pantera Capital in 2013. That alone's enough to cover a $5m loss.
13.
Post 10052755 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
I really doubt Stamp has to resort to market buys to get that BTC. They probably can buy it in bulk from one of their partners. 19K is a lot, but not a crazy amount either.
True. I thought about this after I said it. They could probably just buy from a mine or a private seller
Bitstamp used to do business directly with Bitfinex.
This article says Bitfinex used to include the Bitstamp order book in their own order book for liquidity purposes. In other words, they were arbitraging between themselves and Bitstamp.
http://bitcoinvista.com/2014/06/12/the-bitcoin-trading-platform-bitfinex-is-distancing-themselves-from-bitstamp/Thinking about it Bitstamp could probably do a deal directly with Bitfinex or other companies they have connections to.
14.
Post 10052840 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
As every hour ticks by more and more bad shit seems to be creeping into this story.
Question is...what's the collateral damage going to look like?
There's a new statement from Bitstamp here.
https://www.bitstamp.net/"An important message to our customers:
January 6, 2015, 12:34am UTC: We have temporarily suspended Bitstamp services. Bitstamp customers can rest assured that their bitcoins held with us prior to temporary suspension of services on January 5th (at 9am UTC) are completely safe and will be honored in full.
On January 4th, some of Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19,000 BTC. Upon learning of the breach, we immediately notified all customers that they should no longer make deposits to previously issued bitcoin deposit addresses. To repeat, customers should NOT make any deposits to previously issued bitcoin deposit addresses. As an additional security measure, we suspended our systems while we fully investigate the incident and actively engage with law enforcement officials.
This breach represents a small fraction of Bitstamp’s total bitcoin reserves, the overwhelming majority of which are held in secure offline cold storage systems. We would like to reassure all Bitstamp customers that their balances held prior to our temporary suspension of services will not be affected and will be honored in full.
We appreciate customers’ patience during this disruption of services. We are working to transfer a secure backup of the Bitstamp site onto a new safe environment and will be bringing this online in the coming days. Customers can stay informed via updates on our website, on Twitter (@Bitstamp) and through Bitstamp customer support at
support@bitstamp.net.
- Bitstamp Team "
15.
Post 10059906 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
From a value-oriented investing perspective (best represented by Warren Buffett), the value of one bitcoin is zero. Who is being more rational here, the bull or the bear?
now that is just ignorance at an appalling level. w.b. would smack you down.
I said that bitcoin is a mirage, and yet you keep falling for it. A fool and his money...
It's not only Bitcoin having problems this Christmas, so are banks and credit cards. Morgan Stanley said an employee stole sensitive data on 350,000 clients; Chick-fil-A confirmed an investigation into a credit card breach.
http://www.networkworld.com/article/2864856/microsoft-subnet/beginning-2015-with-a-bang-of-3-breaches-bitstamp-morgan-stanley-chick-fil-a.htmlMorgan Stanley fired an employee who stole the account names, numbers and transaction data on 350,000 clients; the insider crook’s plan was allegedly to sell customers’ data.
The breach was discovered and reported to authorities on Dec. 27, after Morgan Stanley discovered sensitive data for over 900 clients on the Internet.
Chick-fil-A -- which operates restaurants in 1,850 locations over 41 states and D.C. -- has confirmed an investigation into a credit card breach. In a public statement, Chick-fil-A said it discovered "unusual activity" on December 19th after being notified of “limited suspicious payment card activity appearing to originate from payment cards used at a few of our restaurants.”
16.
Post 10059927 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
...bollox...twat...numpties.
You seem agitated, empowering. Why not take some time to cool off? Go to that safe happy place in your mind, maybe think about all the money Bitcoin's making you
I happened to have ground up lambs lungs & heart served in a lambs stomach for breakfast this morning.
haggis toastie....... boom!
It's supposed to be served with tatties and neeps, not rabbit food.
17.
Post 10060048 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
From a value-oriented investing perspective (best represented by Warren Buffett), the value of one bitcoin is zero. Who is being more rational here, the bull or the bear?
now that is just ignorance at an appalling level. w.b. would smack you down.
I said that bitcoin is a mirage, and yet you keep falling for it. A fool and his money...
It's not only Bitcoin having problems this Christmas, so are banks and credit cards. Morgan Stanley said an employee stole sensitive data on 350,000 clients; Chick-fil-A confirmed an investigation into a credit card breach.
http://www.networkworld.com/article/2864856/microsoft-subnet/beginning-2015-with-a-bang-of-3-breaches-bitstamp-morgan-stanley-chick-fil-a.htmlMorgan Stanley fired an employee who stole the account names, numbers and transaction data on 350,000 clients; the insider crook’s plan was allegedly to sell customers’ data.
The breach was discovered and reported to authorities on Dec. 27, after Morgan Stanley discovered sensitive data for over 900 clients on the Internet.
Chick-fil-A -- which operates restaurants in 1,850 locations over 41 states and D.C. -- has confirmed an investigation into a credit card breach. In a public statement, Chick-fil-A said it discovered "unusual activity" on December 19th after being notified of “limited suspicious payment card activity appearing to originate from payment cards used at a few of our restaurants.”
Has Morgan Stanley been closed for two days after this breach? =))))))
No, they are carrying on regardless. Probably by using a fractional reserve con to trick us in to believing they hold 100% of deposits. We should demand they prove they hold all customers funds and are not gambling them on dodgy investments like credit default swaps and derivatives.
18.
Post 10060064 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
I told you all bitcoin had no underlying value, but did you listen? Of course not. A fool and his money.
Invest in low cost index funds. It's not pretty, but this slow growth is the key to wealth. Do you think I was born a billionaire? No. You need to *loose money before you know how to make money. Hopefully you *learned your lessons good and will make wise *decision from now on.
*lose
*learnt
*decisions
Nobody illiterate ever became a self made billionaire.
Richard Branson's got dyslexia.
19.
Post 10060305 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
I told you all bitcoin had no underlying value, but did you listen? Of course not. A fool and his money.
Invest in low cost index funds. It's not pretty, but this slow growth is the key to wealth. Do you think I was born a billionaire? No. You need to *loose money before you know how to make money. Hopefully you *learned your lessons good and will make wise *decision from now on.
*lose
*learnt
*decisions
Nobody illiterate ever became a self made billionaire.
Warren Buffert is not an Englishman, so I do not use "learnt". I also don't use colour or wear braces instead of suspenders.
What a
looser...So you wear suspenders?
20.
Post 10060495 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
Bitstamp hoping to reopen within 24 hours?
"Slovenian bitcoin exchange Bitstamp remains closed – hackers supposedly stole around 19000 bitcoins from its servers (4,3 million eur). “Bistamp remains liquid, but I can’t tell more because of the investigation” said co-founder Damijan Merlak and added they closed the exchange because otherwise “important trails could be erased”. “With experts we are currently setting up a duplicate of entire infrastructure in San Francisco, which is bound to finish in the next 24 hours. At that time we will continue our services.” explained Merlak for STA. At the exchange they claim to have “more than enough reserves” to cover lost bitcoins. Hackers supposedly stole only “small part” of all bitcoins – because of cases as this one, exhanges keep majority of their bitcoins in offline computers."
The above is apparently translated by a Reddit user, the source being this site:
http://www.rtvslo.si/gospodarstvo/bitstampu-hekerji-ukradli-za-stiri-milijone-evrov-bitcoinov-borza-zacasno-zaprta/355142EDIT: probably not reopening within 24 hours, but duplication of infrastructure within that time
Chrome could not directly translate that webpage, so I ran the text directly through Google translate. This is the result.
Bitstampu hackers stole four million euros bitcoins , exchange temporarily closed
The coins are stored on servers that are not connected to the Internet
January 6th, 2015 at 10:25 ,
The last intervention : January 6, 2015 at 11:14
Kranj - Reuters / STA
Slovenian Stock Exchange of coins bit Bitstamp remains closed - to hackers would steal from its servers bit about 19,000 coins ( € 4.3 million ) .
" Bitstamp remains liquid, more because of the investigation itself difficult to tell , " said co-founder Exchange Damijan Merlak , adding that the site stopped , " because it is the continuation of the operation of the servers erase important tracks" . " Currently in San Francisco with experts put a duplicate of the entire infrastructure, which is expected to be regulated in the next 24 hours . Then we can restore service " for clarification Merlak .
The stock market has asserted that " more than enough reserves " to cover the lost coin bit . Hackers should be taken away only " small proportion " bit of coins - Stock Exchange of Bitcoin is precisely because such cases the majority bit of coins stored on computers that are not connected to the Internet .
As they wrote on the website , you should restore the functioning of the stock exchange within a few days of the invasion have already informed the competent authorities .
Based in Kranj , now works in London
Bitstamp was created in Kranj in 2011 , and then as the founder Nejc Kodrič and Damijan Merlak headquarters moved to London . After the collapse of the Japanese stock exchange Mt Gox at the beginning of last year, Bitstamp some time held the position of largest stock exchange in the world in the last month with a market share of around šestodstotnim occupied third place.
Bit coins peaked in December predlani when the value of one bit of the coin rose to more than 1100 dollars. This was followed by a sharp decline and collapse of some of the exchanges, including even the largest stock exchange Mt Gox , in April last year declared the course. Today, it is a bit coin worth about 270 dollars.
Digital currency in spite of difficulties starting to take off . Payments to accept all coins bit more established companies - in mid-December the payment of Bitcoin allow US technology giant Microsoft , online encyclopedia Wikipedia but donations bit accepts coins since August last year.
T. K. B.
21.
Post 10060637 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
I told you all bitcoin had no underlying value, but did you listen? Of course not. A fool and his money.
Invest in low cost index funds. It's not pretty, but this slow growth is the key to wealth. Do you think I was born a billionaire? No. You need to *loose money before you know how to make money. Hopefully you *learned your lessons good and will make wise *decision from now on.
*lose
*learnt
*decisions
Nobody illiterate ever became a self made billionaire.
Warren Buffert is not an Englishman, so I do not use "learnt". I also don't use colour or wear braces instead of suspenders.
What a
looser...So you wear suspenders?
I wear gold plated suspenders. The rich get richer and the fools keep loosing. Thanks for the money bulltards!
All the British here will think you wear the type of suspenders that hold a woman's stockings up, together with a woman's stockings.
It can be bad news when the same word has completely different meanings in different countries.
22.
Post 10061427 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
For a minute there I though Bitstamp was up again.
Now I see Chartbuddy has switched to Bitfinex.
23.
Post 10062426 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
Bullish
Not impressive, if you look at google trends its nothing like 2013 peaks
It's not a bad start though. I expect searches peak at the peak of a rally, not the start.
24.
Post 10063925 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
I don't think bitstamp is trying to buy any coins
It seems like it'd be cheaper to just buy them back from the thief lol, it wouldn't make sense for them to purchase them with a markup.
Also, we have all seen the Pastebin by now with the wallet containing the stolen BTC, where every transaction says Bitstamp Hack, however I have not seen it in any news articles on the hack. Am I overlooking it, or are the reporters?
Bter bought coins back from the hacker that robbed it.
25.
Post 10064221 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.44h):
It appears there is 24 - 48 hours to go before Bitstamp re-opens.
https://twitter.com/nejc_kodric/status/552615256452001792
26.
Post 10072734 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
If Nejc is running, I'll give him 1 year tops before he lies bloody and look stupid in his own bathroom.
Hopefully it won't happen and I can reclaim my bitcoins that I lost the coming years if bitcoin is to take off.
Mark is doing fine after losing way more.
Yeah, I don't know how... Maybe people still have faith in it. He'll probably be dead soon enough though.
People are investing alot into bitcoin, it's simply not gonna go unnoticed, believe that.
Mark refused to attend some meeting a while back citing fear for his personal safety as a reason for non-attendance. He's still alive but obviously lives each day in fear, which must be unpleasant no matter how much money he has.
27.
Post 10072762 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
I am proud fiat baghodler on stamp since 480 levels and I dont feel any urgency to buy all the cheap coins once stamp opens its gates.
If and when stamp opens its gates Im sure you are right there wont be a stampede (HA HA) by fiat holders like yourself to immediately buy cheap coins. Likewise all those with coin will not rush to sell, most will remove their coins to safety causing a run on their reserves. The net effect of this episode at stamp will be for all coin holders at all exchanges to leave no more on the exchange than absolutely necessary for trading. This may leave less net coins on exchanges for use in leveraged short positions, although I suspect that fractional reserve banking means the lent coins dont actually exist.
My thinking is that if I was holding fiat on Stamp, I may consider buying BTC as soon as they re-open, then withdraw them to safety asap. Fiat takes a long time to withdraw, and there will likely be a huge flood of people looking to get their fiat out of stamp. A coin withdrawal may be the fastest way out for those who lost faith in Stamp.
But really, who the fuck knows. We will see if they open Stamp back up in "24-48 hrs".
This rally above 300 suggests that traders are expecting some buying pressure. I would FUCKING HATE MY LIFE if I was heavily leveraged short via Stamp right now (thought I must admit I never used Stamp, so I have no idea how that would look/work).
I don't think stamp does leverage.
28.
Post 10073774 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
I am proud fiat baghodler on stamp since 480 levels and I dont feel any urgency to buy all the cheap coins once stamp opens its gates.
If and when stamp opens its gates Im sure you are right there wont be a stampede (HA HA) by fiat holders like yourself to immediately buy cheap coins. Likewise all those with coin will not rush to sell, most will remove their coins to safety causing a run on their reserves. The net effect of this episode at stamp will be for all coin holders at all exchanges to leave no more on the exchange than absolutely necessary for trading. This may leave less net coins on exchanges for use in leveraged short positions, although I suspect that fractional reserve banking means the lent coins dont actually exist.
My thinking is that if I was holding fiat on Stamp, I may consider buying BTC as soon as they re-open, then withdraw them to safety asap. Fiat takes a long time to withdraw, and there will likely be a huge flood of people looking to get their fiat out of stamp. A coin withdrawal may be the fastest way out for those who lost faith in Stamp.
But really, who the fuck knows. We will see if they open Stamp back up in "24-48 hrs".
This rally above 300 suggests that traders are expecting some buying pressure. I would FUCKING HATE MY LIFE if I was heavily leveraged short via Stamp right now (thought I must admit I never used Stamp, so I have no idea how that would look/work).
I don't think stamp does leverage.
I was wondering about that. Like I said, I have never used Stamp, but
it is my understanding that you could short via some weird 3rd party manner. Leverage or not, I would hate to be in a short position via Stamp and be locked out of the market watching us breach 300.
As an aside - what site/source do you fine gentlemen use to see the level of short positions currently open?
It appears you were right. This guy says he offers a 3rd party service.
29.
Post 10074857 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
If I say we'll have a retest of 300 within an hour and I'm right, will I become the next prophet of this thread?
(
If I'm wrong, obviously nobody will remember anyway, people only remember those predictions that came true.)
That's not a very bold prediction, but you are welcome to be a prophet. We are all prophets in here. Predicting the price of Bitcoin is like sex and driving, we all think we are good at it.
That's a terrible prediction. People here remember those predictions that were wrong so they can take the piss out of whoever made them afterwards.
30.
Post 10075149 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
If I say we'll have a retest of 300 within an hour and I'm right, will I become the next prophet of this thread?
(
If I'm wrong, obviously nobody will remember anyway, people only remember those predictions that came true.)
That's not a very bold prediction, but you are welcome to be a prophet. We are all prophets in here. Predicting the price of Bitcoin is like sex and driving, we all think we are good at it.
That's a terrible prediction. People here remember those predictions that were wrong so they can take the piss out of whoever made them afterwards.
I remembered, so your prediction that nobody would remember your price prediction was wrong.
In the meantime, though, seems we'll have to wait a bit more for a good retest. :/ I wasn't completely wrong, though - a minute after my post Bitfinex touched 300 for a sec, but I won't insist it counted.
31.
Post 10075206 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
Bitstamp was supposed to be working again, don't?
Kodric said "ETA 24-48hrs". That was ~24 hours ago, I think.
His twitter post was made at 3.58pm yesterday and says about 24 to 48 hours. Considering it's a massive job to redeploy an exchange I would bet on slightly over 48 hours.
https://twitter.com/nejc_kodric/status/552615256452001792
32.
Post 10075271 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
I remembered, so your prediction that nobody would remember your price prediction was wrong.
You've ruined my prophet career, you heartless bastard.
At least I've not put your prediction in my signature to take the piss out of it with every post I make. Check out riiiiising's signature that he's using to take the piss out of LFC_Bitcoin's prediction.
33.
Post 10080733 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
So do you think bitstamp is coming back?? I have most money there
Bistamp is not being 100% truthful. Something is going on that they are not telling us; that is a fact. Whether or not they will come back, I don't know. The 24-48 hour promise is not happening.
The original tweet giving a relaunch ETA was only a rough estimate because the tilde symbol
~ means approximately. A later tweet says a more exact ETA will be posted when it's possible to give one. The 48 hours is not over until 3:58 PM today.
https://twitter.com/nejc_kodric/status/552615256452001792Our redeployment is up internally and is being filled with backup data for testing. Relaunch ETA
~24-48h. Thank you for your patience!
3:58 PM - 6 Jan 2015
34.
Post 10082046 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
Enjoy your last year of pump and dumps. Traders will completely rape and destroy Bitcoin before year's end.
By rape and destroy Bitcoin do you mean you predict bitcoin will be worth nothing by year's end, not even 1000 for one cent?
35.
Post 10085845 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
shorts are vulnerable, trapped, scared, exchange closed, positons underwater ... watching the price rise right now must be sickening.
The sharks are circling and they can smell blood, mother of all short squeezes probably gonna send the Swamp under .... if it ever comes up again.
What makes it interesting is that swap fees skyrocketed (almost immediately after I closed my short-w00t!).
The bears were making almost free money borrowing BTC at such low rates, but now it will cost them to wait for the next crash. I'm certainly not calling a bottom, but I think we're close.
... it's also possible that if the Swamp is dead then another company will buy it out and sift through the wreckage in time to salvage whatever they can ... but haircuts for anybody who bogged down in there no doubt, mostly shorts sitting on imaginary profits and bagholders who were storing coinz on an exchange. meh.
Justcoin went that way, although I cannot remember what happened to people's funds held before it closed. Did the new owners carry people's balances over to the new Justcoin?
36.
Post 10086339 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
Bitfinex will destroy Bitcoin.
Why, what do you think's wrong with the exchange?
37.
Post 10086682 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
Bitfinex will destroy Bitcoin.
Why, what do you think's wrong with the exchange?
Why? Because the traders won't stop dumping and taking the price down till Bitcoin is worthless.
Nobody there believes in Bitcoin. It could be anything. Candy bars or teddy bears. They're just milking it while they still can while running it into the ground. As i said before it will be over before the end of 2015.
If you believe in Bitcoin and are trading at the same time then you're a total idiot.
Yes, but what's wrong with Bitfinex in particular that will destroy bitcoin. Traders can dump and take the price down on any exchange.
38.
Post 10090472 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
So they resume trading on Friday... ie. no new money to the exchange before the weekend. This can get rough.
What effect do you think resuming trading with no new money to the exchange before the weekend will have?
39.
Post 10093824 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
Anyone who got goxed & proceeded to get stamped is a certified fool.
That's a fact is it?
Source?
40.
Post 10095407 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
Bitstamp's open
41.
Post 10095829 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
Wow, the price jumped, even though the trading hasn't begun yet . Is that because of stamp?
It peaked at 297.3 as soon as stamp opened, so I would guess yes.
42.
Post 10096134 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
The exchange isnt even open yet
Edit: I was just reading a pro bitcoin price-waterhouse-coopers report to UK government about bitcoin. Don't worry lambtroll your audience hasn't left you.
Not open for trading but I just successfully withdrew the 3 bitcoin I bought just before they went offline.
never thought I'd see those again
How long did your withdrawal take?
43.
Post 10096164 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
How much time before bitstamp resumes its trading ?
Coins might be available cheap on sell orders set before the hack . Not sure if they reset that .
There's about 10 minutes left.
44.
Post 10096380 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
Bitcoinity's not. ChartBuddy's going to have to make do with Bitfinex for a bit longer.
45.
Post 10096603 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
Bitcoinity's not. ChartBuddy's going to have to make do with Bitfinex for a bit longer.
It's working. Since about 3:07.
Thanks, I had to directly enter this URL to get it to work.
http://www.bitcoinity.org/markets/bitstamp/USDBitstamp is still not showing in the exchange markets links at the top of the page.
46.
Post 10096964 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
This is all pretty boring.
I thought the price would swing one way or the other.
And I trusted you!
Well, at least you're not an Everton fan.
Damn right!
We'll get there on the price mate, this is a long game.
No get rich quick here.
Hold on for 10 years, it might be the best thing you ever do
There is nothing wrong about getting rich quick, it's the only way!
I have a list of cars I want to buy, and I want to drive them while they still will make me look cool. Not like a lost pensioner.
Fiat Dino
Maserati Bora
Jaguar XJ12 Coupe
Lotus Esprit
Jaguar XJ220
..
...
....
Sorry, but you only ever see bald headed fat old bastards driving flash cars like those. The odds are you will have to wait until you look like a lost pensioner to drive one of those.
47.
Post 10096982 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
Wow ChartBuddy going with the ole double penetration charts!
Good work, friend. Good to see Bitstamp is "solvent" for now.
Great, I wanted to compare Bitstamp and Bitfinex prices but coinmarketcap just went offline.
48.
Post 10097458 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_13.45h):
Where can I watch a live feed of Bitstamp?
Anywhere??
Here
http://www.bitcoinity.org/markets/bitstamp/USD
49.
Post 11449113 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.15h):
before bitcointalk down: around 232
bitcointalk down: 240+
bitcointalk back up: 238 and falling.
seems the trolls from here have some influence on prices
of course trolls are powerfull beings, never doubt that
It started to fall long before bitcointalk went back up. In fact it was down to about 237 before bitcointalk went back up. Afterwards the price went up to about 238 for a while. I think the price going down had more to do with the news of the ~1500 Bitcoins stolen from Bitfinex.
50.
Post 11549374 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.17h):
.........
Where is LFC and Norway ?
I miss these 2 guys !!
Yeah, miss them too. I really wonder what happened with them.
I'm clouded by worrying thoughts, because the last time they were active was almost
1 day ago.
Liverpool football club's not playing today so LFC can't be busy watching them. He might have got bored watching the frozen price and decided to have a break because it will be exactly the same when he returns.
51.
Post 11764137 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.19h):
the problem is that there is no link between the current financial crisis and bitcoin.
all connections are purely speculative. I find hilarious how bitcoiners are trying so hard to explain to a common greek guy (no, there is no such thing on bitcointalk) how bitcoin will save them.
because the issue here is not about the economic freedom (how is bitcoin supposed to provide it anyway?), but about freedom to say no to financial blackmailing or any other sort of oppression.
changing masters wont change a thing. IMF or early adopters - its the same story, just different masters.
The pensioners that the banks opened for today don't even have bank cards. That's why they are the only one's allowed to withdraw anything from the bank. Try explaining Bitcoin to someone who doesn't even have a bank card! They aren't going to start buying computers and phones just to use Bitcoin.
52.
Post 11955349 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.21h):
My last prediction in May for a rise to $315 in June or July and then a collapse below $150 was correct yet again.
...
Can you provide a quote of your post in May that predicted a rise to $315 in June or July rather than expecting us to take your word for it? You have made over one thousand six hundred posts and it would take too long to read through all those made in May in an attempt to find a prediction.
53.
Post 12340944 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.25h):
someone had their shorts closed on bitfinex hence the price hitting $248.5 for a short period of time.
Who knows if someone at bitfinex is actively using insider info to manipulate peoples stops in order to make money off traders or if it just keeps happening so perfectly by chance....
Ah, that explains the giant 5k buy on Bitfinex that sent the price up everywhere else. This happens every so often when you get someone doing massive gambles on leverage. It's surprising that people risk having such big sums of money on that exchange now that there are reports of negative account balances and orders not getting filled.
A Bitfinex insider admitted they trade on their own exchange, which is highly unethical with all the insider knowledge they have.
54.
Post 12346313 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.25h):
Has the next Coinwallet attack on the network started? The last 5 blocks look pretty full
They have been doing pre-tests on the network.
The official full stress test is supposed to start on Thursday, September 10 at 10 a.m. GMT.
They were late starting one of their first official stress tests, but it was because they lacked experience. Now they have some experience I think they will start the latest test on time. I'm making sure I pay a high fee for anything I send on Thursday or afterwards,
https://bitcoinmagazine.com/21842/coinwallet-begins-pre-test-bitcoin-network-schedules-largest-stress-test-begin-september-10/
The Bitcoin network took a hit yesterday as CoinWallet ran its “stress pre-test” for about thirty minutes resulting in a “2-day delay and a 50 MB backlog” according to CoinWallet CCO James Wilson.
Reports are still coming in but it seems like most bitcoin exchanges and wallet companies were able to take the test in its stride.
Wilson also told Bitcoin Magazine today that the company will be running a major stress test on the Bitcoin network on Thursday, September 10 starting at 10 a.m. GMT.
55.
Post 12529747 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.26h):
Am I the only one who thinks this VW-case is friggin hilarious?
Ze Germans have been bashing the Greeks for nearly a decade for fingering the numbers, which consequently led to their economy imploding. This, according to ze Germans, is a sin that can never be forgiven.
And now it turns out that the symbol of German industrial might (VW) has been fingering their engine software to avoid taxes on emission and to get satisfy emission standards. If they have to pay back emission taxes AND fines for every single vehicle sold with these engines it can break VWs back.
........
The tobacco companies all produced "low tar" cigarettes with little holes punched in the paper around the filter. They all knew the little holes quickly got blocked which resulted in their "low tar" cigarettes turning intofull tar cigarettes a few puffs after being lit. Those holes were put there to trick the machines that tested tar levels in cigarettes. Their con worked for a while but the truth eventually got out. Most of those companies are still producing cigarettes, so whatever fine they got must have been derisory.
VW and all the other car companies using the same scam will probably get a massive fine which they have to pay to the EU, but they can afford it. The fine will be massive, but nowhere near what it should be. It will be small enough not to bankrupt them.
56.
Post 12619967 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.27h):
the FUD is unwarranted even if we keep the 1MB limit ( which we aren't ) all that would really do for the foreseeable future is price out mirco TX's and bring the TX cost at about 10cents, buying over priced coffee is still feasible, and we are still undercut paypals 2% +50cents TX fee massively
Bitcoin is a
decentralized publicly auditable settlement system. That people would pay to use. You can use it for 0 fee but it will take longer,
its not designed as a payment processor. Satoshi chose security over performance because of
decentralization.
The time to increase the block size will be when 0 fee tx takes longer than 5 days.
It's going to be used as a point-of-sale (POS) terminal payment processor regardless of whether it was designed as a payment processor or not. A huge POS company called Ingenico had partnered with Bitpay to roll out POS terminals accepting Bitcoin payments in a multitude of shops. That will significantly increase the number of transactions. It's bullish for Bitcoin but could push the network to the point where it cannot operate without bigger blocks if no consensus is reached in time.
Point-of-Sale Giant Ingenico Rolls Out Worldwide Bitcoin Payments
http://www.coindesk.com/point-of-sale-giant-ingenico-rolls-out-worldwide-bitcoin-payments/BitPay has partnered with payments giant Ingenico to allow brick and mortar stores to accept bitcoin via its point-of-sale (POS) terminals.
The payment solution, unveiled today as part of Blockchain Week, was developed by BitPay and installed on an Ingenico Terminal ICT250.
According to the company, it will be compatible with the majority of Ingenico terminals as they run its operating system, Tellium.
Speaking about the integration, Miguel Angel Hernandez, managing director of Ingenico Iberia, said in a statement:
"Participating in such an important project has allowed Ingenico Group to demonstrate its leadership in the payment space and bring a safe and secure payment method like virtual currency to the end user."
The France-based company, which employs over 5,000 people globally, reported a revenue of €1.37bn in 2013.
Spreading bitcoin globally
Earlier this year, Ingenico partnered with Paymium to enable retailers in Europe to accept bitcoin payments.
A spokesperson for BitPay, however, said that this new partnership would make this solution available on a global scale. Additionally, he said, all BitPay merchants currently accepting traditional fiat payments via compatible Ingenico terminals can now also accept payments in bitcoin.
"We are excited to partner with Ingenico Group, one of the leading payment processors in both physical and online commerce. This integration will help us expand bitcoin payments to thousands of retail payments worldwide," said BitPay's executive chairman, Tony Gallipi.
The company made headlines last month after it announced it would be reducing the size of its staff in an attempt to "better align with the pace of growth" in the industry.
57.
Post 12755503 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.28h):
I was too early with selling the news a few days ago.
Now the EU VAT news is out, I'm happy to know we're going down again.
What's the opposite of a dead cat bounce called? How do you know this isn't a small retrace before the price continues to rise higher? I didn't notice any posts here discussing rumors about the VAT decision. I couldn't find any threads about it until the news got out, and I didn't know anything about it until then. I doubt many others were buying the rumor if there were no rumors flying around here.
58.
Post 12756179 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.28h):
I was too early with selling the news a few days ago.
Now the EU VAT news is out, I'm happy to know we're going down again.
What's the opposite of a dead cat bounce called? How do you know this isn't a small retrace before the price continues to rise higher? I didn't notice any posts here discussing rumors about the VAT decision. I couldn't find any threads about it until the news got out, and I didn't know anything about it until then. I doubt many others were buying the rumor if there were no rumors flying around here.
No, no rumours at all... I suggest you load up on expensive coins.
I'll wait and buy some $240 coins in the next two months...
I still can't find any old threads about it here, and I don't remember any discussions about it before the news was announced. Generally to buy the rumor means a community has to be talking about something and I don't remember any mention of the tax until today. This thread is great for finding out about the latest rumor, but I've not heard VAT mentioned for a long time.
59.
Post 12758749 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.28h):
I never use an ATM card.
3 times in 20 years.
I's love to use one of the new Bitcoin ATM cards provided by exchanges if they lowered the fees. There's no chance I'm using one as long as they charge a monthly fee just for having one of their cards. If they got rid of that fee and only charged a small fee for POS purchases and ATM withdrawals I'd jump at the chance to get one. I've yet to find a card iike that but it's only a matter of time before one's available.
60.
Post 12909630 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.32h):
That is a sensible view, and close to what bitcoin was conceived and built for.
However, Satoshi's stated goal was to remove the need for a trusted third party in peer-to-peer payments. That is not the same as "censorship resistant" and does not imply it. It does not imply anonymity or privacy, much less immunity from laws. These goals that were tacked onto it afterwards, by others; it is not surprising that bitcoin fails to
Satoshi made Bitcoin the opposite of "censorship resistant" if used with default settings. Anyone can track where your coins have come from, and where you sent them to through the blockchain. However Satoshi provided instructions on how to run a wallet through Tor, and how to mix them through coinjoin if you desire anonymity. He left the choice of whether to implement anonymity or not to the user.
61.
Post 13097488 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.35h):
Almost forgot. Two years ago today... Kinda quiet TBH. The day before the 'ATH'
I wish I had got into Bitcoin before that. I only got into it after the 'ATH' was over and it was in the news, then it took ages for me to find this forum and realize its significance. I experienced little rallies like the one to 660, and this latest one to 500, but the 'ATH' rally must have been awesome to experience.
62.
Post 13097571 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.35h):
I wish I had got into Bitcoin before that. I only got into it after the 'ATH' was over and it was in the news, then it took ages for me to find this forum and realize its significance. I experienced little rallies like the one to 660, and this latest one to 500, but the 'ATH' rally must have been awesome to experience.
It was a rather surreal experience. I kept a window open to watch the never ending all time high graphic popping up time and time again. Every time I woke up it had smashed a seemingly inconceivable price once again. I recommend it as long as you have all the coins you want.
It must have been stressful deciding whether to sell, and when to. After the 'ATH' it crashed down to 600, then went back up to 1000 very fast. Those sort of violent price movements can either make you a fortune, or lose you a fortune. The crash and bounce from 500 after the latest rally was stressful enough.
63.
Post 13245134 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.37h):
So anybody knows wtf is happening at Coinbase
I also would like to hear people's wisdom on this.
I don't know why, but its had its highest volume for a long time over the last day. It's strange because the price hasn't gone up or down too dramatically. If I didn't know better I would think someone's trying to artificially inflate its volume with wash trading, but it's a regulated exchange so that's impossible, right?
64.
Post 13361210 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.39h):
Its a new weekend and as usual the price is going down.
But this time it is moving roughly. Is there any news that caused this movement?
It's probably caused by the Chinese dumping to pay for their New Year celebrations. There was a dump before Christmas, probably a result of people dumping to pay for Christmas. Everyone needs money to buy presents, alcohol, and food. I had to dump some of my stack to pay for Christmas.
65.
Post 13361636 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.39h):
Its a new weekend and as usual the price is going down.
But this time it is moving roughly. Is there any news that caused this movement?
It's probably caused by the Chinese dumping to pay for their New Year celebrations. There was a dump before Christmas, probably a result of people dumping to pay for Christmas. Everyone needs money to buy presents, alcohol, and food. I had to dump some of my stack to pay for Christmas.
Chinese New year is 6 weeks from now. What are you talking about?!
They have two New Year celebrations. One on the first of January, and another weeks after that. They have a public holiday on our New Year's day, and celebrate it just like we do. Weeks later they have another public holiday for Chinese New Year (Spring Festival), so they get to celebrate New Year twice, but it's expensive.
http://www.travelchinaguide.com/intro/festival/New Year's Day
New Year's Day is a grand occasion for the Chinese people. They celebrate the New Year like people all over the world. Since ancient times, the day has been called 'Yuandan' by the Chinese. 'Yuan' means 'at the beginning'. 'Dan' means 'day', so joined together the words mean 'first day of a year'. For 3,000 years, China has greeted Yuandan with joyous ceremonies.
Due to the different longitudes upon which countries lie in the world, the time of the celebration varies. China is the twelfth country to celebrate the event and the people are rewarded with one day's vacation. All kinds of festive programs are presented on TV, and organizations and schools hold parties to let everyone enter into the jubilant atmosphere of the festival. Sincere good wishes are reflected by people's smiles and wonderful performances at parties. Great hopes for an excellent year are embedded in everyone's mind.
Chinese New Year (Spring Festival)
Held on the first day of the first lunar month and lasting for two weeks, the Chinese New Year is regarded by the Chinese people as the grandest and most important annual event, similar in many ways to Christmas in predominantly Christian countries. It is an event for the people to celebrate family reunion and is full of rich and colorful activities.
66.
Post 13514776 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.40h):
There was someone here who claimed he had a Coinbase account and he discovered a vulnerability in their site which he told them about and got paid for. He said he discovered another vulnerability, told them about it, then his account was closed and he was banned.
If he was telling the truth Coinbase was asking for trouble.
67.
Post 13515126 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.40h):
There was someone here who claimed he had a Coinbase account and he discovered a vulnerability in their site which he told them about and got paid for. He said he discovered another vulnerability, told them about it, then his account was closed and he was banned.
If he was telling the truth Coinbase was asking for trouble.
Nobody likes a clever dick.
I can't remember his bitcointalk username, but I found this post that could be about it.
Bitcoin exchange Coinbase has posted a comprehensive response to the recent bounty controversy. Yesterday, we first reported that the bitcoin exchange had surprisingly banned a user who helped them fix a vault bug that saved the San Francisco-based company from potential losses of millions of dollars.
Rob Witoff of Coinbase discussed the Company’s bug bounty program, which calls for a minimum of $100 reward for bringing coding bugs and possible exploits to notice. There is no higher end to the rewards as of yet, but identifying and demonstrating how Remote Code Execution vulnerability can be exploited leads the pack with a bounty of $10,000. The bitcoin exchange revealed that it has paid a total of $103,801 in bounties since beginning the program in 2013, and is even looking forward to expanding this program.
http://www.newsbtc.com/2015/12/22/bitcoin-exchange-coinbase-comes-clean-on-bounty-controversy/Coinbase told Newsbtc that it had never banned anyone for reporting a bug, but Newsbtc posted this message sent to someone who said he was banned for it. Nobody likes a clever dick, but Coinbase should swallow its pride and pay white hat hackers, not ban them.
68.
Post 13766143 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.43h):
Been brewing for awhile...
Bitstamp Bans Access from Russia "Temporarily""Russian users of popular Bitcoin exchange Bitstamp are struggling to gain access to their trading accounts, due to the company’s decision to temporarily [Hahahahaha -ed] block access from all Russian IP addresses. According to the database of FSSCIM, as of January 18, 2016, Bitstamp is granted full access and there are no pending attempts to restrict access to the site." “To ensure compliance with the new regulatory regime, protect affiliate service providers, and most importantly – protect our valued customers in Russia – Bitstamp has decided to temporarily block access to its website from Russian IP addresses until we can assess the situation with more clarity.”
It begun!Russian Bear Fed Up With Bitcoin BullshitRussia's Ministry of Finance has developed a new version of its proposed law that would seek to both outlaw and apply criminal penalties for activities involving digital currencies, according to a report by Russian news source Interfax.
Citing sources from within the Russian government, Interfax reports that acquiring, selling and distributing cryptocurrencies would be punishable with fines of 300,000 rubles ($4,574) or through up to 360 hours of correctional labor under the new bill.
Should such infractions be committed by an agency or group, the fines for such activities would increase to 500,000 rubles ($7,623).
What happens to Russian Bitstamp customers money and Bitcoins if Bitstamp won't let them access their accounts? Bitstamp must be able to identify all its Russian customers because it forces all customers to submit KYC documents. I would hate Bitstamp if it told me I couldn't have my money back for my own protection.
Will Bitstamp decide to permanently keep all its Russian customers money for their own protection?
69.
Post 13766490 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.43h):
RIPPLE .
Hey - remember back when Ripple's market cap was greater than Bitcoin's? Yeah - those were the days.
I read a CoinDesk story about ripple today and there was a footnote saying the company that owns CoinDesk is an investor in the company that runs ripple. That's news to me. I have read loads of CoinDesk stories about ripple and I always thought they were unbiased. If I'd known CoinDesk was a ripple investor I wouldn't have taken those stories at face value.
70.
Post 14460216 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.48h):
Completely irrelevent for Bitcoin though, since the entire purpose of a currency is to become a monopoly, a consensus mechanism for exchange. The less of a monopoly it has, the less useful it is. Your link argues popularity weakens the idea, so the article is inverse to how Bitcoin actually works. Don't try and conflate grunge music and economics. People like money to be as boring and predictable as possible, not "cool". Just like when you open your refrigerator, you don't want to have to guess what's edible or not. That's definitely not cool.
True, I wouldn't trust a young bank manager, I'd only trust an old grey haired one in a boring suit. If he was bald I'd give him a bit of extra trust. Bitcoin needs to be boring for people to trust it. Leave flashy new features to the pump and dump altcoins. Bitcoin's safe square reputation will keep its price going up.
71.
Post 14879630 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.50h):
Feel free to buy that Eth scamcoin and have the rug instantly pulled out from under you. They're pumping it in order to find momentum traders to dump on to get BTC for the BTC halving. Only idiots hold altcoins during BTC halving.
It gets even worse for the ETH DAO investors, looks like your Eth investment is devalued upon price rise, this is going to end badly, so bad that... Dr Gavin Wood ETH chief scientist & DAO curator resigned , he know's whats coming
https://medium.com/@gavofyork/why-ive-resigned-as-a-curator-of-the-dao-238528fbd447#.4b1m1viv3Hrmm! automated ponzi, progress is the future lol.
Looks like a CMA move as much as anything. No one sane would want to be publicly associated with this. Seems like the vast majority of investors don't really understand what they've got themselves into.
It reminds me of the Paycoin fiasco, and the obscene amount of money it raised when it began. I still wonder if the Bitcoin crash afterwards was partially due to cashing out all the Bitcoins raised through Paycoin. This DAO could make a similar ETH crash.
72.
Post 15463964 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.54h):
About Bitcoin price:
why all the fun happens during the weekends? I do not have time to show a chart but it is clear that BTC traders love the weekends.
Friday night I left at 698 and I came back at 670$
maybe because one can trade other stuff monday-friday...
That, and maybe because most workers only have time to trade at the weekend. All night trading is only practical at the weekends when traders don't have to get up early for work the next morning. This thread also gets busier and has posts throughout the night at the weekend.
My prediction is $666 at the start of the weekend, and $666 at the end of the weekend with lots of ups and downs in between.
73.
Post 15858264 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.56h):
I was able to log into my Bitfinex account. Of the 31 bitcoins I have a balance of 20 bitcoins (which I will withdraw immediately once the option is available). I have 412 USD and about 7000 BFX (tokens).
thank you Elwar i was fishing for this info for a while.
*pulls out calculator *
so, that means ~75million BFX coins have been issued.
now...
wtf are these coins going to be back by, 10% of bitfinex inc. 80% of bitfinex inc. ??can't lie, i am excited to buy this shit token.
i might actually deposit bitcoins into bitfinex asap.
This is all that matters.
I have only seen "BFX tokens, which can eventually be exchanged for shares of Bitfinex".
Whatever that means.
The Bitfinex blog says it will either redeem them in full, or possibly exchange them upon the creditor’s request
and Bitfinex’s acceptance for shares of iFinex Inc. Bitfinex isn't guaranteeing to exchange them for Bitfinex shares. Unless it gives a guarantee the token will only be backed by Bitfinex's promises.
http://blog.bitfinex.com/uncategorized/bitfinex-interim-update/The BFX tokens will remain outstanding until redeemed in full by Bitfinex or possibly exchanged—upon the creditor’s request and Bitfinex’s acceptance—for shares of iFinex Inc.
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Post 15858430 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.56h):
So they wont have a variable value? just 1$ and you can one day maybe swap them for 1$ ?
They say the token will have a blockchain, it will start at $1 value, and they will let people trade it (possibly apart from US customers). That suggests it will be like a normal coin with a wallet. If Bitfinex lets people withdraw the tokens then other exchanges will probably start trading it.
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Post 15859597 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.56h):
So they wont have a variable value? just 1$ and you can one day maybe swap them for 1$ ?
They say the token will have a blockchain, it will start at $1 value, and they will let people trade it (possibly apart from US customers). That suggests it will be like a normal coin with a wallet. If Bitfinex lets people withdraw the tokens then other exchanges will probably start trading it.
where do they say this token will have a blockchain?
In this comment, they say it will be a token on a blockchain so I assume that means it will have its own blockchain unless its like a counterparty asset.
https://www.reddit.com/r/BitcoinMarkets/comments/4wng7l/site_relaunch_bitfinex_blog/d68xbcmI assume that means it will be a coin premined with the number of tokens they have issued. I don't know if it will be POW, POS, or mineable. All they say is it will have a blockchain, and I can't think of any point of one unless it allows customers to withdraw their tokens to their own wallet.
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Post 16006632 (copy this link) (by celebreze32) (scraped on 2020-04-04_Sat_14.57h):
At least the downward spiral has been halted for now but hopefully like you said, consistent sideways usually means we're ready for a significant move & hopefully it's upwards.
Chart looks good to me. With the effects of the halving taking hold, the next miracle run might just be in sight.
A number of us have pointed out that long sideways low volume periods usually end in a significant move up, or down. The reduced supply should stop those miners dumping as much, which should pave the way to a good pump soon.
