Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23692.

DaRude

legendary

Activity: 2833

Merit: 1851

In order to dump coins one must have coins

Quote from: galdur on January 09, 2015, 10:40:06 AM

If anyone believes that rampant and unchecked criminality in a marketplace

inspires confidence in what is being traded there

have fun buying as long as you last.

If anyone actually believes that it's possible to have a free market without people trying to exploit it
have fun living in this unfair world.

Guys guys i thought we all agreed to sit in circles and sing Kumbaya. So who took my sandwich out of the fridge?

galdur

hero member

Activity: 616

Merit: 500

If anyone believes that rampant and unchecked criminality in a marketplace

inspires confidence in what is being traded there

have fun buying as long as you last.

Bagatell

hero member

Activity: 722

Merit: 500

148..

galdur

hero member

Activity: 616

Merit: 500

Quote from: NotLambchop on January 09, 2015, 10:26:32 AM

Quote from: 600watt on January 09, 2015, 10:22:34 AM

and i thought i had 'em all on ignore already... Roll Eyes

If you could only ignore the tanking price...

At some point idiots and retarded libertarians at one of those

bitcoin conferences will be forced to discuss this suicidal policy

of "self regulation" and letting every criminal go scot free.

Obviously this insane policy totally destroys confidence, ensures

that any meaningful capital stays away, guarantees volume is

anemic and is a boon for short sellers.

Bagatell

hero member

Activity: 722

Merit: 500

Quote from: 600watt on January 09, 2015, 10:22:34 AM

and i thought i had 'em all on ignore already... Roll Eyes

I have 147 so far.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: 600watt on January 09, 2015, 10:22:34 AM

and i thought i had 'em all on ignore already... Roll Eyes

If you could only ignore the tanking price...

600watt

legendary

Activity: 2338

Merit: 2106

and i thought i had 'em all on ignore already... Roll Eyes

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: prophetx on January 09, 2015, 10:20:02 AM

Quote from: YourMother on January 09, 2015, 10:08:59 AM

Quote from: strawbs on January 09, 2015, 09:33:56 AM

Quote from: Fatman3001 on January 09, 2015, 09:26:09 AM

Quote from: diabLEEca on January 09, 2015, 09:08:53 AM

Quote from: Fatman3001 on January 09, 2015, 08:56:40 AM

Quote from: luckygenough56 on January 09, 2015, 07:57:21 AM

next stamp update soon :

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 have fiat on bitstamp still

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

Translated: sell your bitcoins cheap so I can buy them cheap.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: galdur on January 09, 2015, 10:17:20 AM

Quote from: NotLambchop on January 09, 2015, 10:01:55 AM

Quote from: galdur on January 09, 2015, 09:53:33 AM

...
Things that go up do tend to come down again.
...

Case in point: Bitcoin.

Well, sometimes things go up again after coming down after having gone up.

It´s all about timing.

Yep, before continuing on the southeasterly trajectory. Catch the bounce & cash out FTW.

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: YourMother on January 09, 2015, 10:08:59 AM

Quote from: strawbs on January 09, 2015, 09:33:56 AM

Quote from: Fatman3001 on January 09, 2015, 09:26:09 AM

Quote from: diabLEEca on January 09, 2015, 09:08:53 AM

Quote from: Fatman3001 on January 09, 2015, 08:56:40 AM

Quote from: luckygenough56 on January 09, 2015, 07:57:21 AM

next stamp update soon :

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 have fiat on bitstamp still

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

galdur

hero member

Activity: 616

Merit: 500

Quote from: NotLambchop on January 09, 2015, 10:01:55 AM

Quote from: galdur on January 09, 2015, 09:53:33 AM

...
Things that go up do tend to come down again.
...

Case in point: Bitcoin.

Well, sometimes things go up again after coming down after having gone up.

It´s all about timing.

But if the bitcoin marketplace and philosophy continues to be dominated by

retarded libertarians that believe in "self regulation" and thereby give

criminals totally free play it will probably stay down for a long time to come.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Their last tweet is starting to look like a suicide note.

Just saying.

YourMother

legendary

Activity: 1281

Merit: 1046

Quote from: strawbs on January 09, 2015, 09:33:56 AM

Quote from: Fatman3001 on January 09, 2015, 09:26:09 AM

Quote from: diabLEEca on January 09, 2015, 09:08:53 AM

Quote from: Fatman3001 on January 09, 2015, 08:56:40 AM

Quote from: luckygenough56 on January 09, 2015, 07:57:21 AM

next stamp update soon :

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.

strawbs

legendary

Activity: 875

Merit: 1362

Quote from: Thomas-s on January 09, 2015, 10:06:19 AM

Anyone wants to bet that withdrawals are disabled on Stamp? Cheesy

It wouldn't be surprising, and it may even be prudent (for them), in an attempt to prevent a run on coins

Thomas-s

hero member

Activity: 1274

Merit: 500

Proof-of-Stake Blockchain Network

Anyone wants to bet that withdrawals are disabled on Stamp? Cheesy

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: galdur on January 09, 2015, 09:53:33 AM

...
Things that go up do tend to come down again.
...

Case in point: Bitcoin.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: strawbs on January 09, 2015, 09:33:56 AM

Quote from: Fatman3001 on January 09, 2015, 09:26:09 AM

Quote from: diabLEEca on January 09, 2015, 09:08:53 AM

Quote from: Fatman3001 on January 09, 2015, 08:56:40 AM

Quote from: luckygenough56 on January 09, 2015, 07:57:21 AM

next stamp update soon :

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.

Some will definitely think like this. I am just curious how many.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Bitfinex

Explanation

soullyG

hero member

Activity: 1011

Merit: 721

Decentralize everything

Interesting analysis of the Bitstamp hack at Coindesk:

Quote

...
One explanation for what took place on 4th and 5th January is that the exchange was locked in a race with the intruder to grab funds out of the hot wallet.

The thief appeared to have access to all the addresses in Bitstamp's hot wallet, Ferrin says, because some transactions show the theft wallet generating a 'change address' that was later accessed by Bitstamp.

One example of this highlighted on Ferrin's blog shows 32 BTC sent to the theft address. This transaction generated a change address that contained about 0.64 BTC. Some 40 minutes later, this change address was emptied out, forming part of a transaction totalling 10 BTC to Bitstamp's cold storage address.

The thief's wallet, therefore, created a change address that was also accessible by Bitstamp. This suggests the thief had gained control of Bitstamp's internal systems governing its hot wallet and not merely that wallet's private keys, Ferrin said, adding:

Quote

"They knew they were in a race between each other to claim what was left on the table."

...

galdur

hero member

Activity: 616

Merit: 500

Quote from: bizz on January 09, 2015, 09:47:16 AM

Quote from: galdur on January 09, 2015, 09:04:10 AM

Maybe it´s time to buy copper at a 5 1/2 year low.

I guess it´s cheaper than cabbage now.

you'll likely buy from me... king USD is here ... everyone will print to max but US. Combine that with oil fallout = all commodities are fucked. I also wildly speculate strong USD will fuck up equities too. Congrats to FED. Job well done... financial meltdown in 3 ... 2... 1... (pick your timeframe)

So: there there Bitcoin you're not alone in your hole.

Well, I guess the USD will be corrected eventually.

Things that go up do tend to come down again.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23692. (Read 26712938 times)