Quote from: MatTheCat on August 04, 2016, 01:09:42 PM

Quote from: LFC_Bitcoin on August 04, 2016, 12:28:48 PM

Quote from: SnokkomBTC on August 04, 2016, 08:09:41 AM

The major sell-off at the beginning of the late 2013 bubble looks similar. Both sell-offs are after a bear market and in a beginnig of a bull market.

What do you think?

Not sure, I think the two scenarios are very different. I hope you're right though.

Quote from: criptix on August 04, 2016, 11:49:17 AM

Major rally if bfx has and is able to buy back 120k bitcoins!

I doubt they can or will.

A fortnight ago, I got my account cleaned out on Kraken.

I am currently sitting with several thousand USD on Finex. Finex seem to be taking the line, that they weren't holding any customer Bitcoins, only keys to customer allocated Bitcoin wallets. Therefore, affected customer accounts are liable for full extent of losses. Socialised losses would imply Bitfinex declaring bankcruptcy and I suspect that the owners of the company will want to do everything to avoid that, at least until they have had a chance to asset strip the company and hide all it's assets from the adminstrators. So in summation, if you had BTC on Finex, and your account was linked to one of the wallets that got drained, then Finex are saying the loss is 100% yours! This means that my USD that was sitting in Finex's account with a Dallas based bank, is safe.

If these Finex hacks are to herald in the start of a new Bitcoin bull rally, then I wish all participants the very best of luck, but just as soon as I can get my funds off Finex, I will be washing my hands with crypto for good. I suspect that there are a whole lot of other Bitcoin market participants who are feeling the same way right now.

Crypto currencies and Bitcoin did not fail you my friend... The idiots running these third party services failed you. I can understand your rage, because I have lost some money on other exchanges

too, but I never blamed the technology. I have learned my lesson and I continued trading, but I only do it on a much smaller scale now.... I never store big amounts of coins on these services,

because I do not trust humans. Greed and human failure are a given characteristic when it comes to people being in charge of other people's money. Roll Eyes