eventually bitcoin will be controlled by usa gov't
money laundering running rampant with and feds will get involved
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08-02-16 06:37 PM #36
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08-02-16 07:02 PM #37
Here we go http://bitcointicker.co/
Originally Posted by DISTROYA
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08-02-16 07:04 PM #38
Nicely done! Originally Posted by downsouth
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08-02-16 08:03 PM #39
Brock, why does everyone hate you? Originally Posted by Brock Landers
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08-02-16 08:06 PM #40
Here we go
Bitcoin exchange Bitfinex apparently loses $63 million to hackers
A digital currency exchange in Hong Kong has suspended trading after a security breach in which thieves made off with an apparent $63 million worth of bitcoin.
The exchange, Bitfinex, reported the intrusion on Tuesday and said it was working with law enforcement.
“We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen,” the exchange said.
Its statement doesn't say how many bitcoins are missing, but Zane Tackett, the site's director of community and product development, said on Reddit that the losses stand at 119,756 bitcoins. Bitfinex didn't immediately respond to a request to confirm that figure.
A bitcoin was trading at $527.25 at the time of this report, although the price was falling as news of the hack spread.
Bitfinex is used to trade other digital currencies too, including ether and litecoin, but the site says only bitcoins were affected.
“As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach,” the exchange said.
“We will look at various options to address customer losses later in the investigation.”
It's not the first exchange to have lost money in a breach this year. In April, Shapeshift was hacked in what it said later was an inside job. A month later, Gatecoin was reportedly hacked to the tune of about $2 million.
Those incidents were dwarfed by the collapse of Tokyo-based Mt. Gox two years ago, which shut down after losing bitcoins valued then at $474 million.
"We are going to keep the site down until we are 100 percent certain that the site is secure and that is safe to bring everything back online," Tackett said Tuesday on Reddit, where he was frantically answering questions from users.
Now I'm going to wait for bag holders to show up and tell me that this is just another isolated event
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08-02-16 08:08 PM #41
Sasha i pass on bitcoin
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08-02-16 08:12 PM #42
Wise choice coach - there are plenty of other investments vehicles out there, that don't carry this much uncertainty and headache. Originally Posted by jjgold
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08-02-16 08:28 PM #43
I see talk about rolling back transactions until before the breach.
Thought the whole idea was that that was impossible.
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08-02-16 08:28 PM #44
pro mining contributing to the extended dump skin
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08-02-16 08:42 PM #45
its already back up to 550
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08-02-16 09:55 PM #46
Good info Russian Rocket!
Crazy how it's moving today!
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08-02-16 10:02 PM #47
yeah man...these prices fluctuations are not for the faint of heart Originally Posted by TheMoneyShot
Good info Russian Rocket!
Crazy how it's moving today!
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08-02-16 11:16 PM #48
Nothin new here move along
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08-02-16 11:35 PM #49
Russian Rocket is a bitcoin expert so just pay attention to what he says and be careful many do you like bitcoin which is cool
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08-03-16 12:02 AM #50
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08-03-16 12:07 AM #51
Sammy did you load the boat at $470 today? Originally Posted by Sam Odom
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08-03-16 12:13 AM #52
Originally Posted by Russian Rocket
no...
have enough stored in cash
took a little hit at Nitro tonight... but am out of there as of 20 mins ago
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08-03-16 12:24 AM #53
Russian should I sell and take a L while I can or hold?
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08-03-16 12:29 AM #54
Quanger that's a decision (just like initially buying) only you can make. Originally Posted by QuangX
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08-03-16 12:29 AM #55
Quanger ... no one on SBR knows
it would seem the worse is over
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08-03-16 12:48 AM #56
its time to get in . buy and hold
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08-03-16 09:14 AM #57
No kidding. How many times have we heard about its demise? Well, it was just a month or so ago. Originally Posted by Hu$tle
Bitcoin is like the Energizer Bunny...still going!
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08-03-16 09:21 AM #58
glad I did not panic yesterday
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08-03-16 09:22 AM #59
A hack that cost exchange 60m in coins and dropped that price over 15% is an everyday thing for you guys? ...Hmm Originally Posted by QuantumLeap
I don't recall seeing anything of this magnitude in a while.
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08-03-16 09:26 AM #60
still down over 13% in 3 days...the bleeding has stopped, but the buyers are being very cautious right now Originally Posted by JAKEPEAVY21
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08-03-16 10:05 AM #61
almost sold at 500 yesterday, made a bit of a rally since then Originally Posted by Russian Rocket
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08-03-16 10:12 AM #62
loaded a Nitro acct for today's action about 20 mins ago @ 548
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08-03-16 10:20 AM #63
http://www.sportsbookreview.com/foru...-bitfinex.html Originally Posted by Russian Rocket
Is anyone watching this price movement? Down about $100 in the last few days. Shaving off about 10% just today.
Who's got explanation for this?
In the Bitcoin forum.
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08-03-16 10:23 AM #64
Thanks chief! We figured it out! Originally Posted by raiders72001
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08-03-16 10:25 AM #65
what's the play Sammy? Originally Posted by Sam Odom
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08-03-16 11:42 AM #66
I was thinking of cashing out of a book to get some of that $500 bitcoin at that time. Originally Posted by JAKEPEAVY21
Wish I had... could have sold it back at over $600 already
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08-03-16 04:05 PM #67
Not that I believe it but one forecast I saw said short term forecast is 857 by tomorrow evening.
Fukk it, just bought 1 coin @571
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08-03-16 10:33 PM #68
Up over 100% over the last year. And it always goes up after a crash. Always! Originally Posted by Russian Rocket
In fact, a crash is just a good time to buy. Some people just can't get this through their heads.
Anyone who is reluctant to invest in bitcoin should look at the chart for the price of gold over the last 10 years. Very similar to the price of bitcoin. Things happen in the world of gold to cause it to crash but millions and millions of dollars are invested in that commodity every year.
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08-03-16 10:44 PM #69
Price of gold last 10 years:
Attachment 90974
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08-03-16 10:44 PM #70
Goes up? Well obviously...but You still haven't recovered your losses from yesterday's crash. Originally Posted by QuantumLeap
And please don't compare trading coins to trading gold - it's laughable.
I don't see anyone logging in to commodities exchange and with a few mouse clicks sets enough panic to wipe out 15-20% of $GLD value.
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