Bitcoin Thread

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SaiyanZ said:
So can anyone decipher this move? Massive drop from nowhere and still going.
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Shelley cKay said:
Rumours of a Binance hack, but it appears that a whale's account was hacked, not the exchange itself
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Actually cooler than that from what I hear, seems like a whole lot of accounts were hacked, possibly through a phishing site. The hacker then changed all altcoins on the accounts to Bitcoin. Then he market bought all his viacoin at ridiculous prices. This is why viacoin shot up and altcoins were all dropping. At least that's the story going around

Edit: seems more likely to be an API issue atm
 
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https://www.reddit.com/r/CryptoCurrency/comments/82pf9i/warning_issues_on_binance/

This morning a large number of users are reporting issues with their accounts on Binance.

Issues:

- Many people have logged in to find that all their altcoins were sold for BTC, and that many users also placed buy-orders for a specific coin at a price multiple times above its regular value.

- This is only effecting users who have issued API keys on their accounts.

- Binance has confirmed the issue stems from the API via third-party tools and is not a direct compromise issue.

Security Suggestions:

If you use third-party trade bots, automation tools, portfolio trackers, or portfolio management tools that use Binance API keys you should consider:

- Disabling those accounts either on Binance or the tool itself.

- Disabling "trade" access to the API on Binance, or resetting the key.

- Disabling your API keys on any other exchange that is hooked into the same systems.

- Ensuring your 2FA is enabled, and you are using a strong and unique password.

At this time it does not seem like Binance was directly compromised in any way, but we are still awaiting official comments.

We will try to keep you updated as new information develops.

Edit - Update 1:

- Binance is aware of the issue and investigating.

- They have disabled withdrawals during this investigation to ensure that any compromised funds remain in their control.

- They have confirmed this has only effected users with API keys (https://np.reddit.com/r/BinanceExch...ase_read_regarding_unauthorized_market_sells/)

- Binance Community Manager has responded in this thread and will help keep us up to date (https://np.reddit.com/r/CryptoCurrency/comments/82pf9i/warning_issues_on_binance/dvbrzl0/)
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[–]Jager_BinanceRedditor for 2 months. 216 points 42 minutes ago

We are aware of and investigating reports of some users having issues with their funds.

All withdrawals are disabled while we investigate this, Please remain patient and we will provide an update as quickly as possible.

I will edit this comment with updates as we have them
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Still going. I've been watching the BTC market for about 4 months now and have never seen such a massive dump in such a short space of time. 1hr to drop $1000.
 
Race to the bottom. Will I make the $1,000 prediction in April? Calling Chris the not brit ...

Soon I will need to post Saor's pic. ;)
 
SaiyanZ said:
Still going. I've been watching the BTC market for about 4 months now and have never seen such a massive dump in such a short space of time. 1hr to drop $1000.
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i wonder if we should expect an equally heavy rebound though?
 
SaiyanZ said:
Still going. I've been watching the BTC market for about 4 months now and have never seen such a massive dump in such a short space of time. 1hr to drop $1000.
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23,000 BTC volume on Bitfinex during the drop!
 
*SynergyX* said:
Buyers munching up BTC around 10800... buying the DERP as they say.

/could be rekt soon
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remember this ---> well could be became definitely REKT:crylaugh:

probably go below 9000 tooo....
 
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*SynergyX* said:
only way i see this happening is through market manipulation i.e big whale holders coordinating a dump.

retail holders will never dump this thing back to 6K - they all need it to succeed way more.
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interesting thought...the time span in which today's drop took place brings be back to this post.

when 12000 btc drops in 30 mins on a single exchange ---> call me paranoid but this feels way to much like coordinated dumping

the amount of fees exchanges are able to collect by flooding through stop orders would be in the 100's of millions.

just a thought....
 
Every time we gain some momentum there's a hack, money is lost and the price crashes, why can't there ever be a time where the hacker puts money into everyone's account and the price skyrockets :(
 
Chris_the_Brit said:
Will only sell if it hits ONE MILLION RAND.
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That's hilarious. It's never going up again. Only down. You'll make more money in a savings account.

Only the hodlers are left, the fomos are gone and won't ever come back again. With no new money entering the system it will keep declining. It's pretty obvious, unless you're on the get rich quick wagon with your blinkers on.
 
biometrics said:
That's hilarious. It's never going up again. Only down. You'll make more money in a savings account.

Only the hodlers are left, the fomos are gone and won't ever come back again. With no new money entering the system it will keep declining. It's pretty obvious, unless you're on the get rich quick wagon with your blinkers on.
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Your crypto app doesn't work anymore?
 
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