Did Bitstamp make the crash to $270 zone?

picolo

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Quote from: Luckylui on January 06, 2015, 10:30:34 AM

Quote from: picolo on January 06, 2015, 10:24:17 AM

Quote from: Luckylui on January 06, 2015, 09:01:45 AM

TWO THINGS:

1: INSIDE JOB

OR

2: HACKED

Or a combination of both.

True.

Either way.. Sucks for them. Lucky for the guy that nabbed it. Next time bump the security. Hell especially for MILLIONS $$$!!!!!! I would kill someone. I already lost 12 with MOOLAHPALSCAM. I wouldn't sleep with 18K gone.

Hopefully they can recover from a 19,000 BTC loss if they were not fragile before.

Luckylui

full member

Activity: 154

Merit: 100

STILL MISSING MY 12 BTC FROM SCAMOOLAHPAL! >:O

Quote from: picolo on January 06, 2015, 10:24:17 AM

Quote from: Luckylui on January 06, 2015, 09:01:45 AM

TWO THINGS:

1: INSIDE JOB

OR

2: HACKED

Or a combination of both.

True.

Either way.. Sucks for them. Lucky for the guy that nabbed it. Next time bump the security. Hell especially for MILLIONS $$$!!!!!! I would kill someone. I already lost 12 with MOOLAHPALSCAM. I wouldn't sleep with 18K gone.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: Luckylui on January 06, 2015, 09:01:45 AM

TWO THINGS:

1: INSIDE JOB

OR

2: HACKED

Or a combination of both.

Luckylui

full member

Activity: 154

Merit: 100

STILL MISSING MY 12 BTC FROM SCAMOOLAHPAL! >:O

TWO THINGS:

1: INSIDE JOB

OR

2: HACKED

Luckylui

full member

Activity: 154

Merit: 100

STILL MISSING MY 12 BTC FROM SCAMOOLAHPAL! >:O

Quote from: Parazyd on January 06, 2015, 08:49:53 AM

Quote from: Luckylui on January 06, 2015, 08:47:25 AM

Quote from: Parazyd on January 06, 2015, 08:44:00 AM

Quote from: Luckylui on January 06, 2015, 08:39:56 AM

http://pastebin.com/2SDMXVk1

Gorilla Squad.

Have fun tracking them down!

Until someone signs a message with that address, I'm not believing anyone.

Hard to tell, really.. If it's under their control. ONLY they will be able to sign it. Not even Bitstamp will be able to.. Key has been encrypted.

That's what I'm saying. If it's the hacker taking credit and selling, he/she should at least prove ownership by signing.

I get you.. I don't think they would want to. Something will brew with these coins. I will sit back and catch the action. Sucks for Bit, but they had a weak security, as we can all see!

Parazyd

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Activity: 812

Merit: 587

Space Lord

Quote from: Luckylui on January 06, 2015, 08:47:25 AM

Quote from: Parazyd on January 06, 2015, 08:44:00 AM

Quote from: Luckylui on January 06, 2015, 08:39:56 AM

http://pastebin.com/2SDMXVk1

Gorilla Squad.

Have fun tracking them down!

Until someone signs a message with that address, I'm not believing anyone.

Hard to tell, really.. If it's under their control. ONLY they will be able to sign it. Not even Bitstamp will be able to.. Key has been encrypted.

That's what I'm saying. If it's the hacker taking credit and selling, he/she should at least prove ownership by signing.

Luckylui

full member

Activity: 154

Merit: 100

STILL MISSING MY 12 BTC FROM SCAMOOLAHPAL! >:O

Quote from: Parazyd on January 06, 2015, 08:44:00 AM

Quote from: Luckylui on January 06, 2015, 08:39:56 AM

http://pastebin.com/2SDMXVk1

Gorilla Squad.

Have fun tracking them down!

Until someone signs a message with that address, I'm not believing anyone.

Hard to tell, really.. If it's under their control. ONLY they will be able to sign it. Not even Bitstamp will be able to.. Key has been encrypted.

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

Quote from: Luckylui on January 06, 2015, 08:39:56 AM

http://pastebin.com/2SDMXVk1

Gorilla Squad.

Have fun tracking them down!

Until someone signs a message with that address, I'm not believing anyone.

DonQuijote

legendary

Activity: 1551

Merit: 1002

♠ ♥ ♣ ♦ < ♛♚&#

I dont think so, the price should down

Luckylui

full member

Activity: 154

Merit: 100

STILL MISSING MY 12 BTC FROM SCAMOOLAHPAL! >:O

http://pastebin.com/2SDMXVk1

Gorilla Squad.

Have fun tracking them down!

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

Quote from: Tzupy on January 06, 2015, 08:32:23 AM

The hacker is likely to start tumbling them, to prepare an amount for sale on localbitcoins. He might HODL a large % though.

Instawallet was the best way to anonymize your bitcoins. Too bad they had poor security.

MatTheCat

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Activity: 840

Merit: 1000

Quote from: inca on January 06, 2015, 03:15:28 AM

Quote from: Wandererfromthenorth on January 06, 2015, 03:12:05 AM

Crash has nothing to do with bitstamp.

Other than you being short and talking your book, do you have any reason to suggest otherwise? Occam's razor would suggest you are wrong.

Give us a break ffs.

That nose dive was always on the cards...been on the cards for weeks.....now it either grinds down further or bounces weakly, before grinding down further.

Tzupy

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Activity: 2170

Merit: 1094

The hacker is likely to start tumbling them, to prepare an amount for sale on localbitcoins. He might HODL a large % though.

Parazyd

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Activity: 812

Merit: 587

Space Lord

Quote from: stonerider on January 06, 2015, 07:57:00 AM

Maybe Chinese hacker stole them bitstamp coins and dumped on Chinese exchanges...

Quote from: Q7 on January 06, 2015, 08:20:37 AM

But if the hacker suddenly gains so much btc wouldn't it logical that they will find a way to immediately dump and sell it off regardless of the price? Which could also explains why the sudden drop. I don't know. On another note, I would also like to know the actual time that the hack happened and then look back at the graph to understand better.

The hacked bitcoins are here and not dumped yet: https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Q7

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Activity: 448

Merit: 250

But if the hacker suddenly gains so much btc wouldn't it logical that they will find a way to immediately dump and sell it off regardless of the price? Which could also explains why the sudden drop. I don't know. On another note, I would also like to know the actual time that the hack happened and then look back at the graph to understand better.

Amph

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Merit: 1070

bitstamp hacked issues didn't change too much the btc scene, only a small dump happened for that

stonerider

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Maybe Chinese hacker stole them bitstamp coins and dumped on Chinese exchanges...

Parazyd

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Space Lord

You could be right about Bitstamp buying cheap coins now, but they didn't crash it down.
China happened. Huge amounts were dumped on BTC-China, OKCoin and Huobi.

sandykho47

sr. member

Activity: 252

Merit: 251

Knowledge its everything

Bitstamp suspended service haven't made any chaos right now
But, if no news / they have to closed, i'm sure that will make crash bitcoin price Sad

And luckily we still have a lot of big exchanger this time, not like when MtGox trading system down / MtGox hacked down

picolo

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Merit: 500

Quote from: Watoshi-Dimobuto on January 06, 2015, 01:13:49 AM

This is one of the things that came to my mind yesterday, as soon as I read that in Reddit.

Possible reconstruction of events...

1. Bitstamp notices the hack
2. Sells at the prevailing price.
3. Price goes down...

4. Announces it. Suspends service.
5. Buys them back at cheaper price? (happening right now?)

Explains why price is refusing to go down.

Motives:
Partial recovery of loss.
Protecting Bitcoin from bigger crash.

Or it could the hacker manipulating the market?

I thought about that too. An other explanation would be the hackers are selling the BTC they stole or some people knew about the hack and were selling because they knew the price would go down.

Topic: Did Bitstamp make the crash to $270 zone? (Read 1797 times)