next stamp update soon :
blablabla need another 72h to flee with coins
blablabla need another 72h to flee with coins
Or maybe they decided to open when the banks are open and avoid the "Duel of the Faiths".
https://www.youtube.com/watch?v=Oh4l39Lo194
Or maybe they don't want the price to fall and that's why they wait until the banks are closed. People who want to withdraw their funds from the exchange fast will buy bitcoin because fiat wouldn't get transferred until Monday.
That is assuming people have lost faith in them. If not, we've had a week where nobody has transferred fiat to Bitstamp and dumpers are probably standing ready to send that mofo to the ground.
When Bitstamp reopens, I'm not convinced that anyone will be eager to immediately exchange BTC for fiat on an exchange which will yet to have proven whether users can quickly withdraw fiat from their Bitstamp accounts. I think it's far more likely that those with BTC on the exchange will withdraw them to their own wallets; those with fiat on the exchange will immediately buy BTC and then withdraw them to their wallets - since it's the quickest and easiest way to withdraw. I may be wrong, but that seems the most likely scenario which, if true, would lead to an immediate demand for BTC and a price-rising rally. Who knows how strong the rally would be though...
Ironically, this would mean that the less faith people have in Bitstamp once it reopens, the greater the price increase.
The bitcoin tribe is filled with people that live on short memory. Once Stamp will (if) reopen their whorehouse, people will be like " Uhhhh, it was not so bad. " and they will continue to trade there. I remember this happening with Mintpal and other exchanges. They will stay until the website will be hacked again and closed forever and that will be the moment they learned a lesson.
But of course, things could go differently.
i will likely do the following:
buy btc
move the btc to bitfinex
if the btc price is looking like it may rally a bit hodl it for a few days and then dump it
if it looks like it is a non-event, i will dump the btc immediately
in any case bitcoin is done, even an exchange funded by Draper gets hacked for $5 milli, bitcoin is way too slow to use as "cash", we have a some blog from Gavin getting all excited about 20 MB blocks which some people will bitch and whine about centralization.... woopty dooo...
parties over
go buy some maidsafe or ethereum
the funny thing is... the stuff like maidsafe that i bought earlier this year have made me more bitcoins.... i mean if i were to trade them in...
