Couple new things at Bitfinex:

1. Individual users can now access USD wires for deposits and withdrawals
2. Euro wires added for both corporate and individual accounts
3. First Euro trading pair, /t/BTC:EUR, now live.

So I've kept saying that I think the ETF will be approved given multiple indicators, the most compelling of which is detailed here - http://seekingalpha.com/article/4053177-betting-sec-will-approve-coin

Look at the names & titles of the attendees. Why on earth would they invite the people that they did to deny the ETF? Is it typical to hold meetings with high level officials to relay denial notices? -

" John DiBacco, Global Head, Equities Trading, KCG Holdings; Laura Morrison, Senior Vice President, Global Head of Exchange Traded Products, Bats Global Markets; Kyle Murray, Assistant General Counsel, Bats Global Markets; Phil Nanof, ETF Product Specialist, State Street Global Services; Eric Noll, President and Chief Executive Officer, Convergex Group, LLC; Damon Walvoord, Head of ETF Capital Markets and Global Portfolio Trading, Susquehanna International Group, LLP; Edward Baer, Ropes & Gray LLP; and David G. Tittsworth, Ropes & Gray LLP."

If denial were the case, then why not just notify the twins and offer withdrawal? Why the delay of announcing the meeting 8 days after it took place? Why the lack of withdrawal after 3 days into the final week of the deadline?

Price action from 14th to now (vertical line of crosshair marks Feb 14th) - http://imgur.com/a/938OH - Note that the 22nd (day of memo release) is also the day we made new ATH's.

Maybe I have been smoking a bit too much hopium (#ConfirmationBias), but I still see more indications in favor of approval than not. If you have any facts or indications to the contrary please share them.

EDIT: Oh and the PBOC about face on exchange regulations and margin trading/fake volume (specific concerns of the SEC) out of the blue is another large factor in my sentiment.

In those silent days I recommend everyone to do some proper reading of trading books. If I had started with those 6 years ago when I bought my first BTC I would have done so much better. It's quite facsinating how the stock market in 1900 or commodities market in the 1970s is basically the same like crypto now. The same "manipulation" or "coin X will do 10X" memes was also then

I can recommend the Market Wizard series by Jack Schwager, Trading in the zone, Turtle Traders (good for crypto trending markets) and of course my favorite about emotions, biology and trading that helped me a lot the last 1 year https://www.amazon.com/Hour-Between-Dog-Wolf-Transforms/dp/0143123408

Then also some books about poker mentality(you need to love to lose :D http://jaredtendlerpoker.com/mentalgameofpoker/ ), some behaviour economics and general risk from like Richard Thaler(when I finally understood loss aversion vs gains, wow!) and Nicholas Naseem Taleb are great openers to a lot of more academic material

Do you feel oppressed? Do you always want to sort by whatever the mods didn't set it to? Now you can!

1. Install https everywhere (you should have done this a long time ago already anyway!)

2. Go to your broswer's profile directory (you'll have to figure this one out yourself), open the folder HTTPSEverywhereUserRules, and create a new file named bitcoinmarkets_sort.xml

3. Copy paste this text into the xml file and save it. (Replace the sort=new part with sort=best if you're one of these guys.)

4. Restart your browser and STFU!

And now coins from the Bitfinex hack are on the move? Well, at least we know it was an inside job as many of us suspected at the time.

Here is a very great reminder for what can happen when strong hands short: https://tradingview.com/x/4j3iZrZZ

Shorts went from 8000 to 26000. a 3x increase over the course of $10950 to $12100. This was a week before we hit $6k the first time.

This means almost every single bitcoin bought in the $10200-12100 range the week before the dump was a buy into a very strong handed short.

While the potential for a short squeeze becomes more real as shorts increase basically parabolically, I'd be wary to expect another short squeeze again.

In general when the majority of people think they've figured this market out, it does the opposite.

the possibility to dump or pump is equally likely based on what happens when shorts pile on.

Overall this fight for $6k is pretty fun to watch, albeit a bit frustrating at times. It's interesting to see the market struggle to figure out where it's going to go

A summary of the past 24 hours of comments by u/awgmat:

> Think it has a future, but not a big future. Governments won't let it.

and

> Many more big sells than normal

and

> Look at that selling on gdax wow

and

> Agreed and that'll be the top of the bill trap

and

> Agree. Bull trap.

and

> If it was, looks like they ran out of steam. Good time to take profits

and

> What he meant was bull trap

and

> Watch out for the dead cat. News will spread.

and

> Thanks. Good analysis. I also reckon a downward short term trend.

and

> Did you sell?

.....and a link to RES to help newcomers auto-filter the FUD machine.

Have a great day everyone!

Look at it this way, you're no worse off financially than you were before and now you've gained important experience far earlier than others. Read "The Intelligent Investor" by Benjamin Graham to see how to distinguish between speculating and investing in the future.

Don't worry about the money, it's unfortunate but the damage is minimal. Pick yourself back up and don't try to drown your pain with alcohol or drugs.

Been seeing some pretty obvious /r/BTC brigading on this sub in the last week. Guess that's to be expected. Just wanted to make the point here that the BCH price in FIAT should not matter to us here at /r/BitcoinMarkets. It's the price in BTC that matters. So far BCH has topped at .25 and bottomed at .06, it's now .09. Personally I think we can garner some insight as to how this might play out from the ETC/ETH relationship which has settled around .05. My prediction is BCH won't sustain over .15 ever and will settle around .1 or lower. If we expect BTC to go up we can expect BCH to go up. It's not going to zero anymore than PizzaCoin is. (which I just dug up BTW, it had a $10 market cap in Noz 2016, now $2700! Still, quite astonishing to see a coin that has a market cap of less than 1 BTC.)

DISCLAIMER: I own no PizzaCoins!

The 'Fear and greed index' was talked about a lot during the bear period in 2018 and 2019 and the general idea was tops signalled by greed and bottoms by fear. There was no precedence then of how the index might work in a bull period.

Now we have some idea - that it is basically useless in a bull market for spotting tops. The signal has been on 'Extreme greed' since beginning of November - a period in which we have seen a price tripling.

https://alternative.me/crypto/fear-and-greed-index/

> I am surprised that Bitfinex does not Red Flag a login from an IP address used for the first time and then transfers all the money out of an account.

In fairness to bitfinex - I'm pretty sure they do offer this?

2 secs, will check ...

Edit: yup, it's in https://www.bitfinex.com/account/security_settings

> By default, the system will block any withdrawal you make for 24 hours if in the previous 24 hours you used a new unknown IP address to login (even with 2FA enabled). Check this to disable this security check.

I guess you either had this disabled, or they held control of your account for more than 24 hours.

(Genuinely sorry for your loss by the way - not trying to say it's your fault)

Edit Again:

In response to your question:

> How can I get my money back? Am I completely out of luck?

It might be in your interest to post up the txid's of those 6 transactions. It's unlikely, but possible that someone will be able to pull some info from them. (but do be aware that you'll likely be giving some info about yourself in the process).

I doubt very much that bitfinex will take responsibility for your loss - aside perhaps from the hope of a goodwill gesture.

I posted this in previous daily just now, but to CC for visibility:

If you assume BFX USD is actually USDT, which is trading -8% to the dollar, then BFX price is right in line with other western exchanges. $1346USDT*0.92 = $1238.

https://cryptowat.ch/kraken/usdtusd Well -10% at writing.

Looking at the exchange rate for the Turkish Lira, it seems clear that in this currency, Bitcoin's bull market is back in full swing again:

https://www.xe.com/currencycharts/?from=XBT&to=TRY&view=10Y

I have no idea what options the Turkish government and central bank have, but if there were straightforward and relatively unpainful solutions, those would have been implemented already. The situation will likely spiral further out of control. While I have no idea about the popularity of and knowledge about Bitcoin in Turkey, at some point, going into crypto will not become a investment or lifestyle choice for a few eccentric fellows or rich investors, but a matter of financial necessity for a growing percentage of the middle class.

new post, Service changes for U.S. customers

tl;dr

1. BFX no longer accepting individual account verifications from U.S. customers as of today.
2. U.S. customers can't trade SAN or EOS as of August 16th
3. This is a pro-active move on the part of BFX, not something we are being asked or forced to do.
4. No immediate disruption to trading or lending for U.S. customers. These changes will be enforced gradually in the coming weeks.

Added a visual to the Cryptowatch charts that shows where the previous ATH was on each exchange. On some it has already been broken (BTC-e, OKcoin) but others it will show up (Finex, Stamp).

https://cryptowat.ch/bitfinex/btcusd/1h

Screenie: https://i.sli.mg/HHC9DA.png

Loving this action

I'm ready to be disappointed by a $4100-4200 rejection again

BRD seems imminent lmao but I can't tell if it's disbelief or a reasonable expectation

This is the first time 3d middle bband has trended upwards since 2017!

https://tradingview.com/x/dQTL5L67

bcash related post below:

• 19 hrs ago finex opened the gates
• 12 blocks have been mined since then, block 478619
• 20 confirmations/blocks needed
• 8 blocks until the dumpening begins
• that could take another day

Finex shorts approaching ATH.. now at 23,900.
10,000 of which were taken out between 241 and 233. They need to rebuy back in.

[1] https://www.bitfinex.com/pages/stats
[2] http://bfxdata.com/swaphistory/btc.php (2nd chart down, 12m view)

Bitfinex Update:

Some of you might have noticed that our website is quite a bit faster with loading pages since this morning. We updated the majority of requests to ajax polls vs. using full page requests. This vastly improves the speed of loading pages and also reduces the strain on our end from those requests.

We also added a tamper-proof confirmation page for withdrawals (you'll need to turn this feature on in your security settings page) to help prevent against address-switching-malware that has been seen in the industry before. When making a withdrawal please make sure that the address in the confirmation page is the intended address. We've seen malware that switches addresses after you paste them into the withdrawal box to addresses that are quite similar to your intended address, e.g., 1Ef2bxxxx will get switched to 1Ef2lxxxxx. Please watch out for this.

We'll continue to roll out more security features and site improvements over the coming weeks. As always, we appreciate any feedback from you guys so don't hesitate to reach out and tell me what you'd like to see on Bitfinex.

There are no safe exchanges.

I know people here will disagree, but talk to any experienced developer and they'll tell you the people setting exchanges up are those who are counting on first mover advantage and who aren't doing the due diligence needed to secure them.

Read the comments from these threads, specifically by patio11:

https://news.ycombinator.com/item?id=7339978

https://news.ycombinator.com/item?id=7340908

The sad thing is there is a lot to be made by having enough available on exchanges to trade w/ this volatile price. I'm just being honest with you and saying there aren't any exchanges I have a ton of trust for and would recommend without this disclaimer (I still do trade on exchanges though, just with this caveat in mind, it's Wild West times!)

Here's 2013: https://www.coinigy.com/s/i/563a9260/

It fell a lot more in one day...

And no, I'm not predicting this "bubble" to take off after this event neither. But there are comments making fun of people comparing it to 2013. If you ask me, this falls right in line...

EDIT: Here's now: https://www.coinigy.com/s/i/563a936d/

You guys excite easily :)

On a side note, Finex did another redemption about an hour ago or so.

>We are pleased to announce the redemption of 1.3152% of outstanding BFX tokens. This redemption was applied pro rata to all wallet balances on September 30, 2016 at 12:15:00 UTC.

https://www.bitfinex.com/posts/151

Wow some people here taking profits with an all time high breakout after nice bullish consolidation + Segwit.

Immediately go to Amazon and buy this book or you won't be a millionaire on this crypto bull market.

https://www.amazon.com/Reminiscences-Stock-Operator-Commentary-Livermore/dp/0470481595/ref=sr_1_3?s=books&ie=UTF8&qid=1501913482&sr=1-3&keywords=Reminiscences+of+a+Stock+Operator

Yes, buy the hard cover cheapo's.

Writing up M/W/F reports for a company on what's going on in crypto. Figured I'd post here if anyone is interested:

https://steemit.com/crypto/@cheslink/weekly-daily-cryptocurrency-updates-and-news-november-20th

Nick Szabo's essay yesterday is really one of the better ideological pieces ever written about Bitcoin. The Dawn of Trustworthy Computing He uses (coins?) a couple terms in this essay that I think are pretty fundamental to pinpointing the nature and function of Bitcoin. The first is "A block chain computer is a virtual computer, a computer in the cloud." I think block chain computer is a useful concept. It's just like a computer, only with it's parts distributed over a much larger scale, with multiple human owners. The second is "fiduciary code." Basically code that can be trusted, and because of that, can control assets. I think these two concepts almost encapsulate Bitcoin at a higher level than we usually talk about it at the technological level.

In the wider context, Nick focuses on the aspects of technology that change the dynamics at play for relationships between humans. They range over several time periods and usually focus on technological development.

Another great resource is going to be Jordan Greenhall's writings on his blog Emergent Culture and Deep Code. Jordan focuses on how culture changes due to technology, and he treats cultures as organisms. Memes and ideas, religions and movements and wars are programs that we are the substrate for. And these programs evolve against each other in sometimes novel dynamics. The fundamental force behind his optimism is that we can reprogram these cultures and thrive:

>"The abundance model can be well understood as that model that has moved from focusing on “productivity” to focusing on “innovation”: a well designed abundance model will substantially increase our innovative generativity. And this will, in turn, deliver a tremendous increase in real wealth."

https://blockchair.com/bitcoin-cash/block/556758

1.1 million BCH moved.

EDIT: I like this explorer better- https://explorer.bitcoin.com/bch/block/00000000000000000049a63a0b3addce93e18298786d7936c7f997db2ebb4900

Bitfinex, the largest crypto exchange, has announced their stance and operation for handling the upcoming hard fork (NYA New York Agreement/SegWit2x) https://www.bitfinex.com/posts

"Specifically, in the case of a hard fork event, lenders will receive both BTC and B2X. Anyone that is short BTC/USD or long any BTC trading pair (ETH/BTC, LTC/BTC, etc.) will owe B2X to the lender, effectively making the user short B2X. An exception is being made where BTC is borrowed but is not in use as financing collateral. In that case, B2X will accrue to the lender. Users that are financed long BTC/USD or short any BTC trading pair will receive B2X." The largest exchange is treating the upcoming fork coin as an alt coin. This economically shuts down their (Chinese Miners, NYA Signers e.g., Coinbase) entire coup attempt.

Effectively, doing anything other than being a bitcoin maximalist you get penalized. This hard fork will just suck money out of alt markets and bitcoin bears. L O L. Another dividend for bitcoin owners coming up. Called it!

This is insanely bullish for bitcoin and bearish for alt markets. GG!

Our last announcement was on the 20th.

The Bitfinex support team is increasing in size to counter the increased userbase over the past months. They assuredly have not stopped responding to support requests. Please PM me your ticket number and I will review the history of your correspondence and make sure it is taken care of.

Without question, the banking situation has led to concern among the community. We're acutely familiar with this and are working tirelessly across the globe to remedy this for our userbase. Unfortunately, this isn't an overnight solution to bring online, but we're confident in the progress we're seeing in these pursuits and look forward to publicly announcing milestones as they are achieved.

Domestic wires have helped relieve some of the premium pressure, and as more channels come online, it's expected to decrease further. Meanwhile, our BTC cold storage has been basing for the past week after the initial withdrawal run.

Please note that this kind of effort requires globetrotting in many instances and accommodating the schedules of those we're meeting with. Our team is working around the clock to build a portfolio of redundancy for our users. In the meantime, our general counsel is developing a more expedient avenue for users interested in performing a one-time withdrawal.

As these channels come online, we will be sure to notify the community.

This is a hard fork that'll create a new coin called Bitcoin Cash on August 1st created by Via BTC.

It's not a contentious fork as there's no attempt to pretend it's Bitcoin. It'll have 8mb blocks - https://www.bitcoincash.org/

As it's a fork of BTC the people who have private keys on the existing Bitcoin blockchain at the time of the fork will also have their coins mirrored on this coin's blockchain.

Coinbase is saying they're not going to supply people who have BTC on their service with this coin.

If you want it you need to control your own private keys.

https://tradingview.com/x/uq5FWXaK

look at the wick...😂

lol @ anyone thinking they'll let us get there again. big shorty and his team of goons orchestrated the event to get filled from $6900-7200 without ever letting the rest of the market get a chance to short there. Then on the dump they didn't let anyone short again.

my tin foil hat theory: big 24k buy wall guy sent that 8k to mex so he could short 3x from $6900-7200 knowing that he could get the market to pop if he squeezed some shorts up

Now he's no longer underwater! and he's gonna shit 25,000 coins on the market while everyone's afraid to short. GG

These chucklefucks aren't defending $6k nor do they care about bitcoin or the sanctity of money or some shit. They're just sucking the market dry of every coin it has. Wild west baby.

Pump and dumps on alts every week, same cycle. Now everyone's deathly afraid to short due to an overinflated number of shorts. Everyone thinks etf denial is priced in but you bet your ass if the market starts dumping upon denial that everyone will follow. Market doesn't give two shits if it's logical- you have to follow the crowd or you lose money.

big shorty is a real mindfuck, and he's coming for your fucking coins

(this is mainly a joke, but like 5% serious, since it isn't hard to actually believe this is what happened)

Nasdaq just published a favorable article that hit all the key points. They even referenced Michael Sheikh's $3,200 price target for an approved ETF.

• http://www.nasdaq.com/article/etf-hopes-and-lower-chinese-influence-push-new-bitcoin-highs-cm753105
• http://seekingalpha.com/article/4048953-bitcoin-bitcoin-stocks-move-director-omb-confirmation

Poll time! Curious to see how long term bullish this sub is. Lots of people who short / are hedged but are long term bullish. How many?

"Will BTC hit a new ATH ever again?"

https://www.strawpoll.me/16062920

1. Positive it will

2. Fairly sure it will

3. Neutral/idk

4. Fairly sure it won't

5. Positive it won't

If any of you answered that it won't but think crypto market cap or a specific alt will hit ATH again then comment here and let us know, I'd be curious to see that too.. Shouldve added an option for that

I just updated by Dollar Cost Average spreadsheet. It is updated to today. It is interactive. You put in your investment and the interval (1 day, 10, day, 3 day, whatever) and it calcs periodic buys (at the low of the day) and compounds them for you.

https://drive.google.com/file/d/0B3-DChIXRBqcRk4zMXZMTm5FYzQ/edit?usp=sharing

The data on this starts on 12/31/12 through this morning. It allows you to adjust your interval and the amount you invest. If you scroll to the bottom row, it will show you the total investment, and your total value as of this morning's data.

If you understand excel coding, you can adjust your start date to whatever you want. It takes a little finesse, but perhaps someone can improve on it.

The key is that periodic investments generally return pretty good returns.

I know this thread is for trading. I am not suggesting this as the only alternative. I have been buying a little all along, and storing them away. If you continue to do that, with money that you spend on coffee...you could build a decent nest egg. And...if you are doing it with money spent on coffee...you wont be pisses if it goes away.

I know you are not going to give up coffee (I always think that is a bullshit sales tool) but my point is $5 a day, $10 a week...it adds up. Download and give it a shot.

I am NOT going to update this on every day either....I just think its fun.

edit: A little more descriptive.

>That has to be more than just fees -- any explanations for why that is and why it isn't being effectively arbitraged?

Here's a couple things to consider:

(1) They are having USD wire problems because the correspondent bank that works with their Taiwanese banking partners doesn't want to process bitcoin-related wires.

This means if you buy bitcoin at Bitstamp for 3% less than Bitfinex's BTC/USD price, send the bitcoin to bitfinex, sell into USD, then some customers can't wire that USD back out to complete the arb cycle.

(2) Another reason why Bitfinex trades at a premium is that they offer margin (which bitstamp, gdax, itbit etc don't). So bulls can gear up and bid the price up more...

The weekly candle that just closed is the only one that has closed without even a small upwards wick (<1%) this entire month-long rally. The wicks for each candle continue to get smaller, too: 19.2%, 18.8%, 7.0%, 8.1%, 2.5%, and 0.6%.

Is that bullish or bearish?

https://tradingview.com/x/7EbDdDkj/

Copied from my twitter, was curious to hear people's thoughts on it.

https://twitter.com/CryptoChunky/status/1255209255600300032?s=20

Personally, I think it's potentially bearish, because it means the entire rally has just been gearing up to touch this area eventually, and now that we're here there's no one to take it higher. Note that this area is where the dump began- and it is not unlike bitcoin to fully retrace large momentum dumps just to dump back down again. (see $12k -> $6k -> $12k in feb 2018, $10.9k -> $7.4k -> $10.5k in sep/oct 2019, $10.5k -> $6.4k -> $10.5k in jan/feb 2019)

On the other hand, it's potentially about to break upwards out of this range and soar, especially with the general disbelief that's pretty apparent in the market right now. Every minor pullback, we see negative funding spike, futures discount to 0.5-1%, and people seem to get very sure of a rugpull.

Overall, I clearly have no mof*ckin' clue.

In short, no. Other exchanges handle transaction malleability with internal verification: it's not a problem. Why Gox hasn't done this is a mystery. Here's a more technical discussion of it on Hacker News

Here's a longer discussion from Mr. Maxwell on the subject.

> Anyone want to give a bearish case?

OK. Here you go but I wouldn't use it.

Really, it comes down to your timeframe. I think the post-halving bull run is still going, but we're in for a rocky climb until some sort of major catalyst in the news sends us skyward. I probably sound like a broken record, but that's what I believe. That being said, if you're not looking at the big picture and are just trying to figure out how to trade tonight or through the coming weekend... I'd skip it or buy and hold.

When in doubt, wait it out.

>As a response to the decline in the bitcoin price during the quarter, the company decided to reduce the number of bitcoins sold from its mining operations. It plans to sell its mined cryptocurrecy when the market value tilts in its favour. As of September 30, the company held 8,500 bitcoins, worth around $3.3 million.

http://www.zdnet.com/bitcoin-hoard-no-remedy-for-negative-cashflow-7000034841/

Looks like at least one large miner has been doing its best not to sell at these prices. On the one hand that's bullish, they believe in the long term potential of Bitcoin. On the other hand if we fail to pump, at some point these operations need to cut their losses and pay the bills. By nature a mining operation should be risk averse, and the shareholders would have expectations along those lines. In this one anecdotal example, we have not been absorbing all of the block rewards into the market, and that's bearish.

I'm in my 4th year of crypto. Since day one when I'm talking BTC with non-BTCers I always paraphrase the sentiment from an old Satoshi quote that in 20 years bitcoin will either be worth many times its current value, or nothing.

They almost always ask what could bring it down, and my list is short:

• Undiscovered major bug gets exploited
• Several major superpowers work together (lol) and ban it
• A disaster or war that disrupts the Internet as a whole
• A new crypto emerges that significantly improves on Bitcoin's functionality in a way that Bitcoin can not adopt

Each passing day the first becomes less likely, and the next two are pretty far flung, number four is always a possibility, but I don't see an emerging star yet. Today I'm adding a fifth to my doom list:

• The bitfinex cold wallet gets stolen.

It holds over 1 billion dollars of bitcoin in a single address, I mean what the fuck are they thinking?

https://blockchair.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

Why on earth would they not spread this risk out over multiple addresses or wallets? Is it an ego thing to have the single highest value bitcoin address?

I mean in a pseudonymous system do they really need to advertise over a billion dollars in wealth protected only by a single M-of-N multisig address? Talk about painting a target on your back, just seems insane to me. Bebop and Rocksteady could "hack" that with a couple baseball bats and some bamboo under the fingernails pretty quickly.

Any body else feel the same way?

Actual Satoshi quote: "I'm sure that in 20 years there will either be very large transaction volume or no volume." https://bitcointalk.org/index.php?topic=48.msg329#msg329

Edit: bitfinex was up and running when I wrote this, serendipity can sometimes be a bitch.

Bitfinex is now blocking fiat it seems https://www.bitfinex.com/posts/200

A bit hard to understand if it's only Taiwan or not

>April 17, 2017 >This announcement is further to our announcement about withdrawal delays on April 13, 2017.

>Beginning April 18, 2017, all incoming wires to Bitfinex will be blocked and refused by our Taiwan banks. This applies to all fiat >currencies at the present time. Accordingly, we ask customers to avoid sending incoming wires to us until further notice, effective >immediately.

>We continue to work on alternative solutions for customers that wish to either deposit or withdraw in fiat, and are making progress in this regard. We will continue to update our customers as and when we have more information to share.

Too optimistic, look at the volumes.

In yesterday's squeeze, only one or 2000 coins changed hands.

The total sum of active swaps at https://www.bitfinex.com/pages/stats only went down from 25 000 000 to 23 500 000 $ ( ~ 1500 BTC). Still dollar loans outstanding for the equivalent of about 40 000 BTC.

Plenty more dynamite to go off if bears can push it just a little further.

A few days ago I asked the traders in this sub about their trading debut. The results are quite interesting.

• More than 50% joined since last year.

• More then 2/3 joined after the last capitulation event in early 2015

• Less than 10% are actual early adopters (2009-2012)

• Around 15% entered the market during the last bear market (2014-2015)

• More than 50% are likely "get-rich quick" traders who are in for the money*, more than the tech and entered during bubble years 2017 (41%), 2013 (14%) and 2011 (4%)

(*)assumption

Sauce: https://www.strawpoll.me/15931531/r

Yes and no.

Yes: volume moves in and out of alts. Like waves on a beach, the natural wave of capital flowing in and out of specific assets.

No: The shift toward alts is cyclical, but it is also a permanent, long-term trend for the past few years. Bitcoin has been steadily losing market share since the development team basically froze protocol development and decided to just working on the pet projects that they wanted to develop. Bitcoin's market share has never been lower, and it is on a long and continuous downturn. This will continue unless the development team starts developing products the market actually wants, or we move to another development team. I'd rather not switch teams, because that will create a lot of opportunity for alts. But if the current devs won't do the work, then someone else will.

Edit: Here's the chart

Fear Index: 9

https://alternative.me/crypto/fear-and-greed-index/

The lowest it’s been was 8 back in Feb.

I expect some form of bounce in the next 24 hours (not just due to the FI). However the real question is what will happen afterwards: sideways/stability or back to downward movement.

Really cool page too https://stripe.com/bitcoin

They are the biggest online payment processor in the world. They are used by Shopify, Instacart, Facebook, Twitter, Kickstarter.. and more importantly, almost every startup in the valley.

There's a distinct culture that we try to cultivate here. It looks like you haven't participated in it much. Hang around and get a sense of the place.

Install RES to help you keep track of people. There are all kinds of people. You'll learn who you like to talk with and who you don't. RES puts you on the path because you can take notes.

Read for a while and get a sense of who is who; take some time to learn your audience before you post. I hold back saying some things because I know they will trigger a portion of this sub, or any sub for that matter.

Short book recommendation:

https://www.amazon.com/Demagoguery-Democracy-Patricia-Roberts-Miller/dp/1615194088

Culturally, I think westerners are more conflict prone than might be healthy. I've come to expect that encampments of people who are culturally western have a hard time getting along with people they disagree with. I don't think it's just a trading thing. There's a real cultural shift.

More like you can thank south park for that IMO.

http://mashable.com/2014/11/06/south-park-freemium-games/

I was just thinking how they could have ripped on bitcoin so bad in that episode as my image illustrates

http://i.imgur.com/wSQCmmt.png

Interesting that on an exchange like bitcoin.co.id (Indonesia's main exchange) BCH/IDR is traded more than BTC/IDR ($2.5 M vs. $2 M last 24 hr).

https://coinmarketcap.com/exchanges/bitcoin-indonesia/

> Lead developer

Mike has never been a 'lead developer', he has like 3 commits compared to other top contributors like Wlad with 3200+ commits. https://bitcoin.org/en/development

Nice FUD storm planned by R3 and Mike himself.

Hey all,

I am curious wih how much money the average person here is trading crypto. I made a poll to check this out. Please participate and thanks in advance:

https://www.strawpoll.me/15842421

Beware meme factor of Cboe XBT expiration 14 November today. Also, my 3Day chart: we were rejected from MA200 but unless the old faithful EMA200 (~$6250) has turned into insurmountable resistance this is just chop/fuckery imo.

Not a bitcoin update, but about general markets

Taking a look at the S&P500, it is down big. Gold is up in the short term from the panic. When market crashes this hard, it is not good for anyone, including bitcoin.

Just wait until China's SSE opens later today, I predict bloodshed. By then, we will see how bitcoin *weather the ~~storm~~ tornado". People talk about bitcoin being the next gold. It didn't live up to my expectation today, gold up, bitcoin flat. There is a lot of fear on the market with VIX up 23%. Today ,especially today, why people prefer gold over btc?

On a side note, I shorted TWTR today at 49 and I am an affiliate with bitfinex.

Well, now we've seen two daily closes over $9600. One even at ~$9750

Back in September I said I would believe the bull market is back on if we reclaimed $9600.

https://tradingview.com/x/HI0Xr65O

This was why ^^^

I do not believe the bull market is back on and I think we are going to crash. But it doesn't really matter what I believe because I set a rule for myself months ago to tell myself not to be bearish after multiple $9600+ daily closes.

There are so many reasons I could give to not believe in this rally, but none of them are based on price action and the one most important rule I've learned in trading is that price action is king. Nothing has to make sense if the market is trending, and the market can remain extremely confusing and irrational for long periods of time.

So I must trade accordingly, and thus, I will disallow myself from being bearish as long as we are above this $9600 level.

if this wedge breaks up I'll be targeting $10950-$12k before a significant retrace.

My sweet spot guess is ~$11300 personally.

I want to say I hope I don't look like a fool here soon, but tbh, worrying about being wrong has fucked me over more than actually being wrong instead of following my rules. So I'll do the latter and ignore the former. If it happens so be it

Wedge:

https://tradingview.com/x/gNKeuiDQ

e: I should be able to swap bias quickly if I'm wrong and the market dumps back below $9600.

✔️ SHORTS/LONGS ratio over 1.

✔️ BTC sentiment below 18 (https://alternative.me/crypto/fear-and-greed-index/).

❌ daily RSI below 30.

looks like we are near the bottom but not there yet. Personally I'd wait until ETH bounces before longing BTC.

Also it's amazing to see how well BTC is holding versus the altcoins. Yes, BTC price is low, but it didn't capitulate unlike most altcoins.

> just perhaps not a great long-term investment, going forward, at this point.

PeaceHere reminding his grandma that the Nasdaq did not recover from March 2000 valuations until August of 2015 and thus, US Equities, not a great long term investment.

Market Cycles dude, read about them.

At times like this the poker mentality of accepting huge variance in a long marathon streaks of games comes in handy. I recommend everyone to read this book https://www.amazon.com/Mental-Game-Poker-Strategies-Confidence/dp/0615436137 and other works by Jared Tendler

Also shows the importance of the in and out position in trading is all that matters, on your preferred time frame. Then it's zero again, just like any basket player who never mentally missed a shot before he makes the next one, but in his mind will always hit the next one

All speculation is gambling, not investing. Buying crypto hoping for a profit is gambling. Buying stocks that don't pay dividends is also gambling.

>"An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory [or ‘adequate’] return. Operations not meeting these requirements are speculative."

• The Intelligent Investor by Benjamin Graham

Thank you for participating in my poll. The result is surprising. 80% of the people do not want to sell, when they hit break even, altough they are in a loss...

&#x200B;

https://www.strawpoll.me/16413828/r

> When will BT1 be converted to BTC

11:59:59 pm UTC on December 31, 2017 per contract terms

> will any Bitcoin Gold be given to BT1 holders at the time of the snapshot?

Yes

1d MACD just turned red for GDAX: https://cryptowat.ch/gdax/btcusd/1d

The last time it turned red was when BTC was around ~7200 and BCH tried their hashrate takeover stunt. A little bit of deja vu happening today as well, with BCH price rising to near ATH's. We saw a drop of roughly 30% back then after it turned red on the 1d MACD.

can you R-E-A-D the document you linked to? if thats not ELI5 4 you maybe you shouldnt be messing with... stuff?

from https://electrum.org/bcc.txt :

How to redeem my BCC?

BCC wallets will require you to import your seed or your private keys, which can be exported from Electrum. Doing so will expose all your Bitcoin funds associated with that seed to the BCC wallet you decide to use.

Therefore, after the BCC fork, but before you enter a seed or private key in a BCC wallet, you should move all your funds to a new Electrum wallet, with a new seed. You will still be able to use the old seed or private key with BCC, because BCC has replay protection. Wait until your funds are confirmed in your new Bitcoin wallet, before you enter the old private key in a BCC wallet. This will protect your BTC funds from rogue/untrusted software.

So Bitmex is choosing for all their products to be listed as Segwit1x future tokens. So their pricing should be ~0.85 of the spot price for real Bitcoins (both 1x and 2x included) based on Bitfinex segwit1x market price ratio, currently that is ~$5000 https://cryptowat.ch/bitfinex/bt1usd.

So they are definitely not trading at a negative premium as other posters have suggested. In fact they are trading at a 15% premium.

It doesnt make sense to go margin long on their exchange when you can margin long futures instead on Okcoin and receive a free 15% extra value based on current market valuations on Bitfinex.

What I see on wealth movement between BTC and an alt on Bitfinex.

https://cryptowat.ch/bitfinex/ethusd/3d

https://cryptowat.ch/bitfinex/ethbtc/3d

ETH/USD has more volume. Which means new money jumping straight into ETH and ETH holders rather jump into USD.

Last 7 days $84,000,000 ETH volume estimate. 2,800,000 ETH traded around $30 average.

That's money completely avoiding BTC. Then factor in the other coins getting millions of dollars a week.

Bitfinex is one of the biggest exchanges.

And it's no secret a lot of BTC has been moving into alts. Those people selling alts are holding BTC, moving to different alt or selling for USD.

Price is holding up well without China. BTC is still the most well known and easy to get coin. So price should still be able to be propped up and large holders dump on the new buyers. It'll just suck if one day everyone that flocked to BTC end up with worthless BTC because other coins ended up getting big money before BTC.

Just pays to be in a lot of coins. One day a coin could be worth nothing and the next day a lot because a deep pocket whale became interested in it...which makes me think it'll attract more money.

I have no idea on the exchanges, but according to the bcash site they say -

>This means that the last common block will be approximately the 6th block with a timestamp after 12:20pm. The block after that will be different on either chain.

Which is 5:20AM PST or 8:20AM EST, but ti will be "approx" the 6th block after 12:20. So once it hits 12:20 UTC then the next block is #1, and we have to wait 6 blocks. Then the 7th block should technically be the first split block, assuming its over 1mb so that legacy nodes ignore it.

And we must also consider the fact that maybe 5% of the hashrate will be mining this chain, so its likely that it could take them 20x longer to find that block. So that would be 200 min. Thats if they dont have any luck and find it early our sour luck and find it late.

So, since we do frequently find blocks within 1 minute, it could be as quickly as 20 minutes or if they are unlucky 400min, which is 6 hours ...or even possibly longer.

So 5:20AM PST + 6 blocks should be approx 6:20AM assuming 10 min blocks, which means the 7th block could hit approx around 6:40am or as late as 12:40PM in the afternoon if the 5% of hashrate has shit luck.

From the bitcointalk thread they also said they would adjust the difficulty down by 20% if more than 12H has passed since the 6th block MTP (so I guess around 6:20PM PST if there hasnt been a BCH block the difficulty will drop 20%?)

And if they dont construct that 7th block right by stuffing it with txs over 1mb then we might have to wait even longer.

But, to try to answer your question.....Uhm....sometime after all that :P So if exchanges are super on top of it, maybe within the hour? If not, then a few hours? Totally guessing of course.

I could be wrong on my assumptions here but I think thats how it could play out? Please correct me if im wrong =)

There is going to be a fork of bitcoin called bitcoin cash that will raise the blocksize to 8MB and will not activate segwit.

If you own bitcoin (in your own wallet, not an exchange), you will own both BTC and BCC.

More info here.

Gonna continue waiting to close shorts at $9400 and $8950 for a bounce, most likely to short more on the bounce.

These levels ($10-11k) are fairly meaningless so I don't expect much demand here until <$9.4k.

Zooming out on the chart shows that the trend has definitively reversed on medium time frames and the rejection is incredibly strong.

Lots of bears salivating over a 30-40% correction this entire move up have been hunted to extinction and will now miss the move they've been waiting for 😈

https://tradingview.com/x/lNpUcRcC

Ultimately expecting $8400 or ~$7200-$7400 as a bottom.

So at $6.5-7k I said it looked like accumulation with buyers being extremely patient- putting huge buy walls up while sellers just kept trying to sell into them. It seemed like some big players took advantage of the market sentiment to accumulate. I was dumb and didn't long. Alas, we are now here.

I suspected it would result in a large correction with the 1d even hitting overbought (upwards, bear markets have corrections too)/run up before continuing down.

After looking at the Wyckoff phases, it actually looks like it's playing out pretty accurately.

Is there anyone here more familiar with Wyckoff who can tell me the issues with the comparison?

I believe we're in the distribution phase and just had a failed rally and now we are at the "test" part:

https://tradingview.com/x/dekH3NWE

https://pbs.twimg.com/media/Dcl8YZPW0AA25N-.jpg:large

There is also a very large bearish divergence from the 2h to the 1d from first run up $9750 to $9990.

As well as a hidden bearish divergence on the daily from $11.7k to $9.7k.

There are several shorter time frame hidden bull divs on the 6h though. Several in a row

Sorry for how crowded the chart is.

Anyway the "jump the creek" part fits perfectly, as do the accumulation and distribution phases. Would like to hear thoughts

Edit: the difference between re accumulation and distribution is very small and confusing. Would love for a Wyckoff enthusiast to chime in. /u/Beastly_beast thoughts??

Double edit: Upon reading more, it's very possible we are in a re accumulation phase. higher lows with the composite operator moving buy walls up on each test downwards (was $8600, then $8800, now $9000).

However, high volume selling off the highs with low volume buying off the lows indicates distribution.

Fear & Greed index going back up again, sentiment on Reddit, Twitter, YouTube etc turning super bullish, even BTC-to-1k people like Tone Vays are slowly shifting their tone (heh). Im skeptical but then again I really don't know what to make of the market, thought the Bitfinex news would have a bigger impact.

https://alternative.me/crypto/fear-and-greed-index/

https://www.mywot.com/en/forum/44122-cookinvestmentfirm-com

Your "company" has only had a domain for 4 months and apparently you only added the domain privacy after being called out on having an address in Idaho, if we're to believe the above.

Feel free to prove me wrong, by providing literally anything other than a template site and a brand new domain at Hostgator.

Not sure how many of you follow other cryptos besides bitcoin, but it's been an interesting month. Altcoins are deviating from bitcoin. Previously altcoins were hitting all time highs right along with bitcoin, but that is no longer the case.

Also the total market cap of all cryptos is currently painting a double top. Cryptos were valued at about $179 billion on September 2 and have hovered around $175 billion from October 14-20 with a trough in between. Charts can be seen here. Zoom out to all time. https://coinmarketcap.com/charts/

More time will be needed to see how this plays out. If it is a double top and bitcoin continues to climb it'll be at the expense of altcoins. The last time it looked like it might be a double top was the first week in August around August 6 except that time it just kept shooting straight up. This time around it seems to be resisting.

I enjoy reading your stuff. Even when you are wrong, there's usually something to be gleaned from what you write. So keep steppin' up to that plate and swingin'.

My reading of the market is that based on the daily number of transactions (excluding popular), we are not yet in a bubble. We have been bouncing around 55-60K/day (7-day average) since April, still well under the 77K of late November 2013.

When we blast through that on our way to 150K, there'll be more bubbling than at an Australian skateboarding party.

tl;dr The market may be more January 2013, than October 2013, at the moment.

I hope this is not too off topic, but someone recently dumped 18,181 email addresses and plaintext passwords that I believe are associated with Butterfly Labs user accounts.

I won't link to the dump, but you can check to see if your email address was included by submitting your email to https://haveibeenpwned.com/.

They provide a direct link to the "paste" if your email was compromised in the dump.

Note that I am making the connection to Butterfly Labs because 299 of the email addresses/passwords reference "butterfly" or "butterflylabs," 146 reference "bitcoin" and 76 reference "miner."

My best guess is that it is a dump of the login information for the Butterfly Labs customer list.

i got this email from finex

You are receiving this message because you are an unverified user of the www.bitfinex.com platform.

We thank you for your business and remind you that all customers must respect and follow the rules of the exchange, all of which we commend to your attention: https://www.bitfinex.com/legal/terms. In particular, individuals resident in the United States are not permitted to be customers of the exchange or use our services. Furthermore, United States residents are prohibited from accessing our services using any virtual private network, proxy service, or any other third party service, network, or product with the effect of disguising their IP address or location.

It is a breach of our terms of service to give false information at signup or in response to questions from us, whether as part of our compliance and due diligence procedures or otherwise. Penalties for breaching our terms of service may include referral to law enforcement or other authorities and terminating your access to any and all of our services.

We are monitoring the platform and will continue to take action to enforce our terms of service.

Thank you, The Bitfinex Team

Jeffrey Paul ("sneak" on Hacker News) says he is "managing the incident response" of the Bitstamp hack, and has posted a few comments about it on HN.

From 6 hours ago, a comment about priorities and what they know about the attack: https://news.ycombinator.com/item?id=8864595

From 6 hours ago, a comment saying Bitstamp is able to eat and is eating the loss from their own profits: https://news.ycombinator.com/item?id=8864600

I am not looking at the price when making that claim. I look at traffic to the biggest bitcoin forum on the internet for example,

http://www.alexa.com/siteinfo/bitcointalk.org

or by google searches,

https://www.google.com/trends/explore#q=bitcoin&amp;cmpt=q&amp;tz=

Finex did a redemption just now

>We are pleased to announce the redemption of 5.00% of outstanding BFX tokens.

Interesting detail: >After March 31, 2017, BFX tokens will no longer be convertible into iFinex shares at a 1:1 conversion ratio. Starting April 1, 2017, the new conversion ratio will be 0.8 iFinex shares for 1 BFX token.

https://www.bitfinex.com/posts/193

I don't mean to sound like a dick, but you should read up a bit on trading before trying to start trading on margin.

You said you're on bitfinex; They've got some simple explanations of the different order types they offer.

Check under "What types of orders does Bitfinex offer?" here: https://www.bitfinex.com/pages/support

New high in shorts on Bitfinex.

10,000 BTC added since $226 which was 8 days ago.

Total of 30,590.83 BTC now.

Source: https://www.bitfinex.com/pages/stats

Bitfinex longs has been sideways pretty much all month. No one wants to let go of them.

Go fast in 1 direction and the shorts or longs will be feeling it. But that could wait till end of this month or next month. http://i.imgur.com/bg26euE.png

Hey guys,

I contacted the user in private, it seems the order was placed almost exactly 10 hours ago, and the price never went under 421 since then (although close). Waiting for confirmation.

Muphasa, regarding your buy order at market, you can verify your order history here: https://www.bitfinex.com/orders but my guess is that the first order was cancelled because of a lack of balance/margin.

If it is not the case please contact us at

Have a good day Raphael Bitfinex team

Your Snapple typo threw me way, way off! Stellar info for anyone else confused. Official site.

Sounds like another altcoin to me, just in larger hands. If it were being funded and backed by a big bank I'd be worried about it overtaking btc, but this doesn't strike me as a particularly promising plan.

You can see here, they added it: https://cryptowat.ch/coinbase/btcusd/1min/

tl;dr not good at all. But give it time, it will improve if there is demand. I think they should follow the model Bitfinex did and have a direct pegging to a larger exchange to take advantage of their liquidity.

While we're all paying attention to shorts, the number of longs is steadily decreasing to new lows. What's interesting about this movement is that at every low so far, longs have generally added.

In April, they got squeezed from 38k to 30k from $8500 to $6700, but they re added in the $6ks. They never went below 29k during that period. (when shorts went to 40k)

In June, longs bottomed at 28k and started adding at $6450 all the way down to $5800.

In February, May, and July, thousands of longs closed near the top.

Why are longs suddenly closing here when they've always opened near the bottom and closed at the top?

https://tradingview.com/x/D7mG34eb

Crypto fear vs. greed went from 56 to 49 to 28 in three days.

https://alternative.me/crypto/fear-and-greed-index/

Pretty sure this is the steepest decline in sentiment I’ve seen all year. We still have some room to go down (we were at 13 on Oct 2nd), but I’ve found it typically takes a day or two for the indicator to adjust. I wouldn’t be surprised to see us back in the teens within the next day or two, even if we remain sideways here.

Bitcoin cash futures debuted on ViaBTC for around 500 USD, declined to 300 USD right before the fork went live on Aug. 1st and climbed to around 700 USD after the fork, before bouncing off the 300 USD lows to reach 1000 USD during the spike in late August. (Source)

If you're going to cherry pick data points, at least get them right.

Strawpoll results from 2 days ago:

What price will we see first? 6k or 6600

https://www.strawpoll.me/16435315/r

You bearish bastards.

343 Votes

214 said 6k 62%

129 said 6600 38%

Currently not in position and won’t be until 6K or 6600 is reached. Not going to get chopped up by this madness. We should see a move sooner than later, bbands are juiced TF up

sorry you don't like the update. we'll keep this in mind as we continue working on the home page and the asset pages (eg https://cryptowat.ch/assets/eth).

the longer term vision with the new home page design is a customizable view that lets you build a "board" of cards showing whatever you want.

1w MACD is currently retreating: https://cryptowat.ch/bitfinex/btcusd/1w (I normally use log scale but seems to be broken on cryptowat.ch right now).

Now obviously, the week is not over so a lot could still happen. However, we have not seen a retreating MACD on the 1w scale since the China banning Bitcoin, version 3 back in September when we saw a drop of over 40%. We are 24% into this drop for perspective.

I've sold (if you haven't figured that out already) because the technicals are pointing to a correction more than we've already seen already in the last few days. If we see a similar correction, we will not see a significant price recovery until mid-January.

Alright ladies and gentlemen - I'm going to bed. Japan has us over $10,000.

I'm going to somewhat nervously leave BTC where they are. If it doesn't reach and falls, it'll get there but my guess is that the recent drop to $9,500 stabilized this enough for it run through.

I noticed several comments already "I give up. Withdrawing my funds..." and apparently /u/stokinator deleted his profile. You guys like polls, right? You think the capitulation is close?

Is this the capitulation?

https://www.strawpoll.me/15957076

If you saw a blip at Bitfinex in the last hour, Incapsula was having system issues (mostly for US customers, I believe) so we just switched to CloudFlare.

This migration was planned for tomorrow but we went ahead today due to Incapsula's problems.

We're switched over and all is normal now.

here is one I like:

https://tradingview.com/x/K4CZgCW3

Consistently decreasing volume (with a few bumps here and there) is the best

The volume on the pole should be larger than anything after. Ideally, the volume on the pole movement initially should be significantly heavier volume

How does it not? It's small but engulfed it.

Open of yesterday was ~$8170 and close today was ~$8180.

I mean really, it's tiny lol but is it not technically an engulfing?

zoomed in:

https://tradingview.com/x/lRZ20K2b

https://tradingview.com/x/2IWoxX97

Touching ascending support that extends to the low of the first dump for the 3rd time

If we break below $6600 with volume expansion I'd guess it's going to play out almost exactly the same. Hopefully we know in the next 4h

Really, it's pretty silly how similar this looks to $7k

Bitfinex released an Android App: https://play.google.com/store/apps/details?id=com.bitfinex.bfxapp

It has orderbook, live trades; you can trade (incl margin), transfer funds between wallets etc. Looks nice.

Edit: yeah, I somehow missed that it was already posted, sorry about that

Researchers at the University of Calgiari demonstrated that link in an academic paper a year ago: https://www.researchgate.net/publication/282152077_The_Predictor_Impact_of_Web_Search_Media_On_Bitcoin_Trading_Volumes

Let's talk about transaction fees. For those who are new or may not remember during the last bubble Bitcoin transaction fees peaked at an average of $54/tx. Presently we're averaging $2.70. At the time the adoption rate of segwit was 10%, today we are still dreadfully low at 59% of transactions....

This means Bitcoin will be able to handle a much larger volume of transactions than previous bubble allowing fees to be lower. But please everyone if your coins aren't in a Segwit wallet move them to one now while the fees are still low. When we start seeing $50k+ Bitcoin fees will shoot up a lot and you'll not only be paying twice as much if you are using a legacy wallet you'll also be hurting adoption Bitcoin by reducing it's transaction capacity.

Can’t wait till I wake up tomorrow morning and watch BTC drop from $6500 to $6000 in one second.

I’m not even shorting it or anything but I “feel” like this is just another lower high.

Maybe I’m in disbelief stage.

https://www.strawpoll.me/16454847

According to this measure, it would put us as the second largest exchange. We're 11,232 on Alexa.

http://www.alexa.com/siteinfo/localbitcoins.com

Overall though I'm not 100 % convinced that Alexa's ranking matches real world visits.

Looks like wallet encryption was introduced in Bitcoin 0.4.0 in September, 2011. That must have been the GPU mining age, right? It was certainly after the time when a 12-year-old with a Windows XP computer could CPU-mine 11000 bitcoins in a few weeks (and that doesn't even include the other wallet with "a few thousand" that he says his brother deleted). I agree this story does not check out.

very interesting, looks like it was the transactions on this two blocks:

https://blockchair.com/bitcoin/transactions?q=block_id(528478)&amp;s=cdd_total(desc) and https://blockchair.com/bitcoin/transactions?q=block_id(528477)&amp;s=cdd_total(desc)

like 10K BTC in total that were held since 2015, that guy probably made a decent % lol.