Bitcoin Price Tracking & Discussion -- 2017

[trytrytry]

Wait, I just figured out why. Bittrex is a site that trades a zillion alts, so its depositors are more likely to own, and more likely to WANT to own, alts like BCC. Bitfinex is a more "square" site that probably has lots of depositors who aren't at all interested in alts, and just wanted to dump whatever this BCC stuff was for as much BTC as they could, as fast as they could.

So, if Polo HAD distributed BCC, as the 'other' huge alts site, I bet its BCC price would've been up in the Bittrex zone.


OK, so from a strategy perspective -- subject to all the usual 'none of us can predict crypto' warnings -- if you hold any BCC at Bittrex, sell it, because you're currently isolated in a market populated by alts loving market players. Conversely, if you're at Bitfinex, you might want to consider buying.

If you're looking for Bitfinex price guidance, about an hour ago I bought 10 BCH for .111 BTC each. I've got an order for another 25 in at .101 plus a couple "lottery ticket" type orders at super cheap prices. Hey, in crypto, ya never know....

yea except its gone up ~300 to 900 since writing this! crazy! get it sold now!!!

[trytrytry]

ok that window closed and now the drop is happening down to 710 last 15 minutes

did somebody figure out how to arb this and get it more on par with the exchanges, which are moving up from 350 last 20 minutes to 420 or so

so the gap is tighter now

[RoyBacon]

I tried at 4 exchanges to see if I could move some. All a no go. I'm guessing the miners can or the exchanges themselves and that's the arb group for now.

[Sam Odom]

Coinbase

Galvanizing the Coinbase community to secure the rights to trade or withdraw the BCH tokens that rightfully belong to them!

https://coinbasebch.com/

[RoyBacon]

Coinbase

Galvanizing the Coinbase community to secure the rights to trade or withdraw the BCH tokens that rightfully belong to them!

https://coinbasebch.com/

There is a hint of fraud in the air with these joints that just pocketed the BCC. But from a legal perspective I do not think the plaintiffs have a chance in court. But maybe the bad PR could force a settlement.

I know with Bitstamp and Coinbase they were very specific via multiple emails and messages headlining the site that holders would not receive any BCC. Even to the point of encouraging transfers out to those interested in receiving BCC.

Seems like a very poor and lazy business decision. Tell your customers to leave because you are too lazy to enable a wallet to hold BCC? OK. But liable for the loss? I do not see that. They have no liability due to the fact everyone was warned multiple times in multiple ways.

[TheSideBet]

There is a hint of fraud in the air with these joints that just pocketed the BCC. But from a legal perspective I do not think the plaintiffs have a chance in court. But maybe the bad PR could force a settlement.

I know with Bitstamp and Coinbase they were very specific via multiple emails and messages headlining the site that holders would not receive any BCC. Even to the point of encouraging transfers out to those interested in receiving BCC.

Seems like a very poor and lazy business decision. Tell your customers to leave because you are too lazy to enable a wallet to hold BCC? OK. But liable for the loss? I do not see that. They have no liability due to the fact everyone was warned multiple times in multiple ways.

In defense of Coinbase I can see their issue on the legal side too. Would have had to get agreements from all 50 U.S. States on it being an asset on top of the what ifs if the thing doesn't work more than a few weeks. They made a business decision and are holding firm.

[RoyBacon]

In defense of Coinbase I can see their issue on the legal side too. Would have had to get agreements from all 50 U.S. States on it being an asset on top of the what ifs if the thing doesn't work more than a few weeks. They made a business decision and are holding firm.

You may be right. I do not know how much work it is to set up a wallet for BCC from a regulatory standpoint. They could at least sell them and credit BTC holders the per rata proceeds. Because as it stands now they will sell them and pocket the proceeds and that seems to have a foul odor.

[TheSideBet]

You may be right. I do not know how much work it is to set up a wallet for BCC from a regulatory standpoint. They could at least sell them and credit BTC holders the per rata proceeds. Because as it stands now they will sell them and pocket the proceeds and that seems to have a foul odor.

Oh I agree there is a ton of foul odors going on from them and others. Someone definitely making off like a bandit.

[RoyBacon]

Oh I agree there is a ton of foul odors going on from them and others. Someone definitely making off like a bandit.

If I was in Hong Kong I would f\*\*k with Bitfinex. They publicly stated BTC holders would get apprx 1.1 BCC for each BTC. I sent them 180 because of that. But their apprx turned out to be .85 leaving me 30 short and a $15k haircut. In their case they just brain farted on how to handle the shorts and smart traders took advantage.

From a legal perspective we, being Bitfinex BTC holders, would be on much firmer ground legally. It's not rocket science, the shorts should be short 1 BCC for every BTC they are short. Get a little pissed thinking about how dumb their policy was. They should have eaten that ridiculous mistake instead of the BTC holders.

[Sam Odom]

one would think that anybody with even 3 btc would be up to speed enough to know NOT to leave them at CB during the fork

we're talking about a profit of 1200 dollars +/- on just 3 coins

[TheSideBet]

If I was in Hong Kong I would f\*\*k with Bitfinex. They publicly stated BTC holders would get apprx 1.1 BCC for each BTC. I sent them 180 because of that. But their apprx turned out to be .85 leaving me 30 short and a $15k haircut. In their case they just brain farted on how to handle the shorts and smart traders took advantage.

From a legal perspective we, being Bitfinex BTC holders, would be on much firmer ground legally. It's not rocket science, the shorts should be short 1 BCC for every BTC they are short. Get a little pissed thinking about how dumb their policy was. They should have eaten that ridiculous mistake instead of the BTC holders.

Yeah they (Bitfinex) didn't quite catch the idea of the whole short and borrow coins model when they calculated did they. Obvious loophole that people took advantage of at the expense of you and others who wanted the 1:1 split.

[RoyBacon]

one would think that anybody with even 3 btc would be up to speed enough to know NOT to leave them at CB during the fork

we're talking about a profit of 1200 dollars +/- on just 3 coins

I bet maybe half didn't move. Love to be a fly on the wall when management meets with their lawyers to decide what to do with their BCC. Probably some high 5's going around CB and Bitstamp.

SideBet I've taken some hits in this crypto racket. Snuck into Russian exchanges and bailed at a big loss when it looked like Bitfinex had a foot in the grave. Lost coins, exchanges that go bye in the night, stolen coins and outrageous commissions and fees. But the minefield comes with the territory. Still extremely profitable even with the occasional hit.

[MeanPeopleSuck]

I tried at 4 exchanges to see if I could move some. All a no go. I'm guessing the miners can or the exchanges themselves and that's the arb group for now.

My suspicion is identical to yours: I think the insiders scratched each others' backs on early BCC transfers.

[MeanPeopleSuck]

Coinbase

Galvanizing the Coinbase community to secure the rights to trade or withdraw the BCH tokens that rightfully belong to them!

https://coinbasebch.com/

A just and righteous cause. I've got tons of sympathy for the folks who just didn't know about the fork and got stuck at CB, GDAX, Polo, Bitstamp and dozens of lesser exchanges.

[MeanPeopleSuck]

In defense of Coinbase I can see their issue on the legal side too. Would have had to get agreements from all 50 U.S. States on it being an asset on top of the what ifs if the thing doesn't work more than a few weeks. They made a business decision and are holding firm.

That "50 states" thing is a BS red herring. Kraken distributed BCH and they're located in SF.

The exchanges keeping the BCC for themselves all did it for one reason: to get richer. But, of course, they can't say that so they pay people like me to generate false reasons for not doing it. I can think of about 3 different SEC claims, all false since BTC's not registered with the SEC, that I'd claim if I wanted to muddy the waters of the scam.

At least most sites warned their clients about the hard fork, mentioning BCC by name, and explaining clients needed to withdraw.

THE SCUZZIEST SITE OF ALL, WHO NEVER ONCE EVEN MENTIONED "BCC": Poloniex, those slimewads.

[trytrytry]

and dont forget the bitcion sportsbooks that also stole all that money from players and might not even get a SBr downgrade.

[MeanPeopleSuck]

Yeah they (Bitfinex) didn't quite catch the idea of the whole short and borrow coins model when they calculated did they. Obvious loophole that people took advantage of at the expense of you and others who wanted the 1:1 split.

I've been feeling extremely guilty about that since it happened. For what it's worth, Bitfinex is punishing us:

1. We got publicly spanked in their press release.

2. They disallowed all gaming done from July 28th forward (although, our earliest moves were allowed and, honesty compels me to admit, were probably responsible for the dilution in the ratio.)

But here I need to say something: I wish like crazy I'd seen all the consequences of the "hole" in Bitfinex's distribution policy in time to warn everyone here to move to Kraken/Bittrex. I didn't, but I want you guys to know that that was a totally honest mistake; I'd never let you come to crypto harm, if I can do anything about it and I've been kicking myself since this thing went down that I didn't think it all the way through.

Anyway, I screwed up and I'm sorry, especially to Roy and Jake. I kinda feel like I let you guys down.


3. Also, they're making me jump through a bunch of hoops, then they're going to kick me out:

Dear BDavis87,

Your account activity has raised some concerns.

We wish to ask you to provide some information in order to understand your account history and objectives. Accordingly, please provide us with the following details:

• Reasons for transfers from and to your Bitfinex account;
• A clear and detailed explanation your account activity and objectives.
• A detailed explanation of the sources of all funds deposited to Bitfinex; provide details on how and where you acquired the funds that were deposited to your account. Make sure to include TXids and addresses that describe the source of the funds deposited to your Bitfinex account.
• A detailed description of the destination you are sending your funds to from your Bitfinex account;

Please send us this information as soon as possible. We reserve the right to require further particulars and documentation from you.

Thank you for your anticipated co-operation,

Kind regards,

[RoyBacon]

Your good by me MPS. I just wish I'd of picked your brain earlier.

BTW, I got that same letter about 2 years ago from Bitstamp. After that they requested a phone interview...was sweating bullets. Of course it wasn't on the heels of what you had going on. But afterwards I was good to go. Just so you know; I had transferred a butt load of BTC from Coinbase and disclosed it. They wanted my complete Coinbase records which I downloaded and sent.

I mention that just to give you a heads up not to give them any info you can not verify because they will likely ask.

[TheSideBet]

From what I'm hearing, they are expecting huge sell offs once system stabilizes and will be a coin flip whether or not demand keeps pace to keep this new coin up and running. So far BTC holding firm and some exchanges are freezing trades which will suck if you can't get filled when you want. Might be a bloodbath, hope not for the good guys.

[TheSideBet]

I've been feeling extremely guilty about that since it happened. For what it's worth, Bitfinex is punishing us:

1. We got publicly spanked in their press release.

2. They disallowed all gaming done from July 28th forward (although, our earliest moves were allowed and, honesty compels me to admit, were probably responsible for the dilution in the ratio.)

But here I need to say something: I wish like crazy I'd seen all the consequences of the "hole" in Bitfinex's distribution policy in time to warn everyone here to move to Kraken/Bittrex. I didn't, but I want you guys to know that that was a totally honest mistake; I'd never let you come to crypto harm, if I can do anything about it and I've been kicking myself since this thing went down that I didn't think it all the way through.

Anyway, I screwed up and I'm sorry, especially to Roy and Jake. I kinda feel like I let you guys down.


3. Also, they're making me jump through a bunch of hoops, then they're going to kick me out:

Dear BDavis87,

Your account activity has raised some concerns.

We wish to ask you to provide some information in order to understand your account history and objectives. Accordingly, please provide us with the following details:

• Reasons for transfers from and to your Bitfinex account;
• A clear and detailed explanation your account activity and objectives.
• A detailed explanation of the sources of all funds deposited to Bitfinex; provide details on how and where you acquired the funds that were deposited to your account. Make sure to include TXids and addresses that describe the source of the funds deposited to your Bitfinex account.
• A detailed description of the destination you are sending your funds to from your Bitfinex account;

Please send us this information as soon as possible. We reserve the right to require further particulars and documentation from you.

Thank you for your anticipated co-operation,

Kind regards,

Damn bro, best of luck! Just get your things in order and maybe it will pass over smoothly.

[TheSideBet]

I bet maybe half didn't move. Love to be a fly on the wall when management meets with their lawyers to decide what to do with their BCC. Probably some high 5's going around CB and Bitstamp.

SideBet I've taken some hits in this crypto racket. Snuck into Russian exchanges and bailed at a big loss when it looked like Bitfinex had a foot in the grave. Lost coins, exchanges that go bye in the night, stolen coins and outrageous commissions and fees. But the minefield comes with the territory. Still extremely profitable even with the occasional hit.

Yeah man its wilder than the old pink sheet speculating days with less regulations to be a safety net. I've lost from my own stupidity when and thought I'd lost a bunch once on my soft wallet even. Imagine 5-10 years from now, glad we get to be a part of these times even if it all goes belly up later.

[Cookie Monster]

I've been feeling extremely guilty about that since it happened. For what it's worth, Bitfinex is punishing us:

But here I need to say something: I wish like crazy I'd seen all the consequences of the "hole" in Bitfinex's distribution policy in time to warn everyone here to move to Kraken/Bittrex. I didn't, but I want you guys to know that that was a totally honest mistake; I'd never let you come to crypto harm, if I can do anything about it and I've been kicking myself since this thing went down that I didn't think it all the way through.
Anyway, I screwed up and I'm sorry, especially to Roy and Jake. I kinda feel like I let you guys down.

MPS, for me your advice was gold. I was about to leave all my 23 BTC on blockchain.info, moving them to Bitfindex gave me 20.38 BCC that otherwise I would likely not have. Of course, it could be even better, but I am grateful to you.

[trytrytry]

MPS, for me your advice was gold. I was about to leave all my 23 BTC on blockchain.info, moving them to Bitfindex gave me 20.38 BCC that otherwise I would likely not have. Of course, it could be even better, but I am grateful to you.

i think blockchain if you have your private keys the 12 word will also match them right? any news on that or attempts?

[raiders72001]

I've been feeling extremely guilty about that since it happened. For what it's worth, Bitfinex is punishing us:

1. We got publicly spanked in their press release.

2. They disallowed all gaming done from July 28th forward (although, our earliest moves were allowed and, honesty compels me to admit, were probably responsible for the dilution in the ratio.)

But here I need to say something: I wish like crazy I'd seen all the consequences of the "hole" in Bitfinex's distribution policy in time to warn everyone here to move to Kraken/Bittrex. I didn't, but I want you guys to know that that was a totally honest mistake; I'd never let you come to crypto harm, if I can do anything about it and I've been kicking myself since this thing went down that I didn't think it all the way through.

Anyway, I screwed up and I'm sorry, especially to Roy and Jake. I kinda feel like I let you guys down.


3. Also, they're making me jump through a bunch of hoops, then they're going to kick me out:

Dear BDavis87,

Your account activity has raised some concerns.

We wish to ask you to provide some information in order to understand your account history and objectives. Accordingly, please provide us with the following details:

• Reasons for transfers from and to your Bitfinex account;
• A clear and detailed explanation your account activity and objectives.
• A detailed explanation of the sources of all funds deposited to Bitfinex; provide details on how and where you acquired the funds that were deposited to your account. Make sure to include TXids and addresses that describe the source of the funds deposited to your Bitfinex account.
• A detailed description of the destination you are sending your funds to from your Bitfinex account;

Please send us this information as soon as possible. We reserve the right to require further particulars and documentation from you.

Thank you for your anticipated co-operation,

Kind regards,

I'm sure a lot of people made money off of your advice. Those leaving their money in Coinbase would have been out of a luck . You're a great asset to the community.

[raiders72001]

With Bitfinex, just keep your answers non-specific. You're a trader or buy and sell computer equipment and would like to keep the names private type of answers. Even though they asked for more, there's a chance that they won't dig deeper.

[raiders72001]

i think blockchain if you have your private keys the 12 word will also match them right? any news on that or attempts?

yes, you can extract private keys from blockchain.info and then import them to a wallet supporting BCC.

[RoyBacon]

Over the last several days, we’ve examined all of the relevant issues and have decided to work on adding support for bitcoin cash for Coinbase customers. We made this decision based on factors such as the security of the network, customer demand, trading volumes, and regulatory considerations.
We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time.
Once supported, customers will be able to withdraw bitcoin cash. We'll make a determination at a later date about adding trading support. In the meantime, customer bitcoin cash will remain safely stored on Coinbase.
Thank you,
Coinbase Team

Looks like an about face on BCC.

[Bsims]

Coinbase really didn't have any choice if they wanted to remain in business. Too bad their customers have to wait until 1/1/2018. to get their BCH. Hopefully the price will be worthwhile.

Also, if they can't support BCH on GDAX until next year, they might consider hiring better programmers.

[JAKEPEAVY21]

I've been feeling extremely guilty about that since it happened. For what it's worth, Bitfinex is punishing us:

1. We got publicly spanked in their press release.

2. They disallowed all gaming done from July 28th forward (although, our earliest moves were allowed and, honesty compels me to admit, were probably responsible for the dilution in the ratio.)

But here I need to say something: I wish like crazy I'd seen all the consequences of the "hole" in Bitfinex's distribution policy in time to warn everyone here to move to Kraken/Bittrex. I didn't, but I want you guys to know that that was a totally honest mistake; I'd never let you come to crypto harm, if I can do anything about it and I've been kicking myself since this thing went down that I didn't think it all the way through.

Anyway, I screwed up and I'm sorry, especially to Roy and Jake. I kinda feel like I let you guys down.


3. Also, they're making me jump through a bunch of hoops, then they're going to kick me out:

Dear BDavis87,

Your account activity has raised some concerns.

We wish to ask you to provide some information in order to understand your account history and objectives. Accordingly, please provide us with the following details:

• Reasons for transfers from and to your Bitfinex account;
• A clear and detailed explanation your account activity and objectives.
• A detailed explanation of the sources of all funds deposited to Bitfinex; provide details on how and where you acquired the funds that were deposited to your account. Make sure to include TXids and addresses that describe the source of the funds deposited to your Bitfinex account.
• A detailed description of the destination you are sending your funds to from your Bitfinex account;

Please send us this information as soon as possible. We reserve the right to require further particulars and documentation from you.

Thank you for your anticipated co-operation,

Kind regards,

If it weren't for you, I might not have received any Bcash. I'm thankful for your advice and you're a great member of the community here!!

[TheSideBet]

Looks like an about face on BCC.

Some are predicting things will crater for BCC by the 8th or 9th. Also read 95% of the coins are in cold wallets so having trouble even getting them on the exchange meaning once they go live it will be selling, or consolidating back into Bitcoin and the price is expected to go below $100 and tank from there. Of course all of this is speculation just as it all has been hyped leading up to it but to the Coinbase change of heart it sounds to me like they are playing it safe with the whole we'll let you do it but it will be at the end of they year and then aww shucks it's only worth 40 now so we won't worry and hey it's worthless now anyway.

[RoyBacon]

BCC $305 now at Bitfinex. But good move by CB.

[RoyBacon]

Feeling a little better about getting $430.

[trytrytry]

coinbase announced all customers will rightfully get coins about Jan 1 2018

only many bitcoin sportsbooks left stealing from customers. hope SBR gives them all a downgrade.

[xelemental]

I had about $3800 worth of BTC on my 5dimes account. Shame

[RoyBacon]

coinbase announced all customers will rightfully get coins about Jan 1 2018

only many bitcoin sportsbooks left stealing from customers. hope SBR gives them all a downgrade.

I didnt think of that. So 5Dimes converts me to cash but Nitro doesnt. So Nitro got a bunch of free BCC unless they simply leave it in a players account as BTC but actually convert it,,,which would make zero sense. Good find try.