19k is only 5-6days worth of mining.
yeah if you own 100% of the mining power
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23766. (Read 26714528 times)
January 05, 2015, 10:40:43 PM
yeah if you own 100% of the mining power
January 05, 2015, 10:31:50 PM
19k is only 5-6days worth of mining.
January 05, 2015, 10:31:41 PM
it's been awhile since i've posted in this thread, and this question has no doubt been asked/posted and answered already. But, hope you can understand why i'm not going to even go back 1 page in this thread to find the answer 
how come the btc price hasn't really been affected since bitstamps news came out?
how come the btc price hasn't really been affected since bitstamps news came out?
If someone robbed the NY Fed, and made off with 0.1% of the USD supply, do you think it would crash the dollar? It sure wouldn't do it any good, and there would definitely be an exploitable spike in FX rates -- and exploiting it well would move a lot more $$$ than the robbery did. But it would all be business as usual the next day.
January 05, 2015, 10:30:37 PM
1/4 14h the last big movement occurred. some mop-up ensued until 1/5 08h, after which it looks like people were sending millibits in order to mark the coins.
Funny, I had mistakenly assumed that the hoard would be immediately laundered. WTF are they thinking?
Funny, I had mistakenly assumed that the hoard would be immediately laundered. WTF are they thinking?
January 05, 2015, 10:30:06 PM
it's been awhile since i've posted in this thread, and this question has no doubt been asked/posted and answered already. But, hope you can understand why i'm not going to even go back 1 page in this thread to find the answer
how come the btc price hasn't really been affected since bitstamps news came out?
how come the btc price hasn't really been affected since bitstamps news came out?
January 05, 2015, 10:18:57 PM
This shit is f-ing crazy.
I had a game plan in mind (ugly spike downwards, decent recovery, then hopefully stabilization and slowly into new bullrun), but this Stamp hack makes everything so unpredictable in my book.
1) hacker has 19k to sell, bad press for bitcoin, exchanges probably trusted even less (although I expect bitstamp to survive and to be as fair as possible to their clients --> compare the swift response from the Stamp team to the months of doublespeak, lying and inconsistencies from Gox)
--> Bad
2) If Stamp keep their "capital reserve" in USD, I expect them to buy up a whole bunch of BTC in the short term to compensate for the BTCs lost. This will probably happen sooner than the hacker is able to find a buyer for them.
--> Good in the short term
If we weren't at a pretty low price already, I'ld sell a bunch for trading purposes. Now, I am clueless.
I had a game plan in mind (ugly spike downwards, decent recovery, then hopefully stabilization and slowly into new bullrun), but this Stamp hack makes everything so unpredictable in my book.
1) hacker has 19k to sell, bad press for bitcoin, exchanges probably trusted even less (although I expect bitstamp to survive and to be as fair as possible to their clients --> compare the swift response from the Stamp team to the months of doublespeak, lying and inconsistencies from Gox)
--> Bad
2) If Stamp keep their "capital reserve" in USD, I expect them to buy up a whole bunch of BTC in the short term to compensate for the BTCs lost. This will probably happen sooner than the hacker is able to find a buyer for them.
--> Good in the short term
If we weren't at a pretty low price already, I'ld sell a bunch for trading purposes. Now, I am clueless.
genius. they can buy back their own bitcoins... see there is no problems with bitcoin... what problems ??
January 05, 2015, 10:06:53 PM
I really doubt Stamp has to resort to market buys to get that BTC. They probably can buy it in bulk from one of their partners. 19K is a lot, but not a crazy amount either.
I really wonder why you would put 19k in a hot wallet. Even when you have to transfer them to clients.
19k live ammo is a bit high.
I would have kept much better safety with those coins.
Yeah, agreed - no idea why they kept 19K in a hot wallet.
well.. if ur security is too good then something cant happen to the bitcoins .
January 05, 2015, 10:00:49 PM
at least chartbuddy is having fun.
January 05, 2015, 10:00:00 PM
January 05, 2015, 09:55:33 PM
This shit is f-ing crazy.
I had a game plan in mind (ugly spike downwards, decent recovery, then hopefully stabilization and slowly into new bullrun), but this Stamp hack makes everything so unpredictable in my book.
1) hacker has 19k to sell, bad press for bitcoin, exchanges probably trusted even less (although I expect bitstamp to survive and to be as fair as possible to their clients --> compare the swift response from the Stamp team to the months of doublespeak, lying and inconsistencies from Gox)
--> Bad
2) If Stamp keep their "capital reserve" in USD, I expect them to buy up a whole bunch of BTC in the short term to compensate for the BTCs lost. This will probably happen sooner than the hacker is able to find a buyer for them.
--> Good in the short term
If we weren't at a pretty low price already, I'ld sell a bunch for trading purposes. Now, I am clueless.
I had a game plan in mind (ugly spike downwards, decent recovery, then hopefully stabilization and slowly into new bullrun), but this Stamp hack makes everything so unpredictable in my book.
1) hacker has 19k to sell, bad press for bitcoin, exchanges probably trusted even less (although I expect bitstamp to survive and to be as fair as possible to their clients --> compare the swift response from the Stamp team to the months of doublespeak, lying and inconsistencies from Gox)
--> Bad
2) If Stamp keep their "capital reserve" in USD, I expect them to buy up a whole bunch of BTC in the short term to compensate for the BTCs lost. This will probably happen sooner than the hacker is able to find a buyer for them.
--> Good in the short term
If we weren't at a pretty low price already, I'ld sell a bunch for trading purposes. Now, I am clueless.
January 05, 2015, 09:51:24 PM
theres not even 18k bitcoins on the markets to buy, bitstram will fall same like gox
Lol you idiot, you can't even translate a cheap pun from Polish to English. I assume you originally meant bitsramp which in Polish bears a strong connotation with the physical action of "shitting". I dare say even a five-year-old would figure out it would be easiest to translate it as "shitstamp" which would have the same effect on the target language reader.Could someone please ban this miserable troll? Ignore is not enough for his kind (and I haven't even ignored Lambchop or ponzi - could you please, please make him go?).
A bit of an overreaction from you (diableeca), no?
January 05, 2015, 09:48:57 PM
Looks like he's saying it was done by a terrorist group, which would be just wonderful news for Bitcoin. Let uncle sam start thinking that shit is funding ISIS, and BTC could gain a whole new set of problems.
i just fuckin hope they did.. i just wired fiat on stamp to freakin buy those cheap coins before that whole fiasco.
but cheaper coins for the trouble would definitely temper my dissatisfaction as a bitstamp user..
January 05, 2015, 09:45:52 PM
isn't there usually usually around BTC15k at finex on bid side? (what is usually visible on bitcoinwisdom) So after stamp went down most of that just vanished?
I thought they were independent of bitstamp
I thought they were independent of bitstamp
No they the buy side got smaller before bitstamp went down
January 05, 2015, 09:44:42 PM
Few months back $275 seemed dirt cheap and a gift from satoshi and now we touched it as resistance after a low volume bounce.
Yes and if we were to experience a 2013 rate of growth again, we'd be put at $35k/BTC at the end of november. Funny this market, ain't it?
Two bubbles this year? One in April and one in November just like 2013. It's possible.
January 05, 2015, 09:43:29 PM
Looks like he's saying it was done by a terrorist group, which would be just wonderful news for Bitcoin. Let uncle sam start thinking that shit is funding ISIS, and BTC could gain a whole new set of problems.
January 05, 2015, 09:37:55 PM
yes, someone is presumably selling 18 k of coins for 4 million.
January 05, 2015, 09:36:53 PM
Looks like he's saying it was done by a terrorist group, which would be just wonderful news for Bitcoin. Let uncle sam start thinking that shit is funding ISIS, and BTC could gain a whole new set of problems.
January 05, 2015, 09:31:16 PM
Bryce Weiner says this Bitstamp fiasco isn't over yet...
Any idea what he's hinting at?
https://twitter.com/BryceWeiner/with_replies
Any idea what he's hinting at?
https://twitter.com/BryceWeiner/with_replies
January 05, 2015, 09:29:40 PM
precisely... we now have shitload of coins that will have to find some buyers eventually probably at double or even single digits (your favorite prediction will probably come true this time Blitz, remember how you used to say no more triple digits? ):
- US Marshals auctioned away about 52,000 coins so far out of 173,991 that they recovered from Ulbricht.
- We have about 600,000 Mtgox coins that vanished in addition to known 200,000 coins from MtGox that will be part of liquidation process
- We now have 18,000 coins that will have to be dumped for sure
- Big ass mining corporations that will probably dump to recover every single penny sending prices to ground knowing how much excess infrastructure has been built recently following fake MtGOX induced rally..
CCMF?
There's a new statement from Bitstamp here.
https://www.bitstamp.net/
"An important message to our customers:
January 6, 2015, 12:34am UTC: We have temporarily suspended Bitstamp services. Bitstamp customers can rest assured that their bitcoins held with us prior to temporary suspension of services on January 5th (at 9am UTC) are completely safe and will be honored in full.
On January 4th, some of Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19,000 BTC. Upon learning of the breach, we immediately notified all customers that they should no longer make deposits to previously issued bitcoin deposit addresses. To repeat, customers should NOT make any deposits to previously issued bitcoin deposit addresses. As an additional security measure, we suspended our systems while we fully investigate the incident and actively engage with law enforcement officials.
This breach represents a small fraction of Bitstamp’s total bitcoin reserves, the overwhelming majority of which are held in secure offline cold storage systems. We would like to reassure all Bitstamp customers that their balances held prior to our temporary suspension of services will not be affected and will be honored in full.
We appreciate customers’ patience during this disruption of services. We are working to transfer a secure backup of the Bitstamp site onto a new safe environment and will be bringing this online in the coming days. Customers can stay informed via updates on our website, on Twitter (@Bitstamp) and through Bitstamp customer support at [email protected].
- Bitstamp Team "
So they got pleny enough to go around. But the hacker still has 19,000 coins
):- US Marshals auctioned away about 52,000 coins so far out of 173,991 that they recovered from Ulbricht.
- We have about 600,000 Mtgox coins that vanished in addition to known 200,000 coins from MtGox that will be part of liquidation process
- We now have 18,000 coins that will have to be dumped for sure
- Big ass mining corporations that will probably dump to recover every single penny sending prices to ground knowing how much excess infrastructure has been built recently following fake MtGOX induced rally..
CCMF?
As every hour ticks by more and more bad shit seems to be creeping into this story.
Question is...what's the collateral damage going to look like?
Question is...what's the collateral damage going to look like?
There's a new statement from Bitstamp here.
https://www.bitstamp.net/
"An important message to our customers:
January 6, 2015, 12:34am UTC: We have temporarily suspended Bitstamp services. Bitstamp customers can rest assured that their bitcoins held with us prior to temporary suspension of services on January 5th (at 9am UTC) are completely safe and will be honored in full.
On January 4th, some of Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19,000 BTC. Upon learning of the breach, we immediately notified all customers that they should no longer make deposits to previously issued bitcoin deposit addresses. To repeat, customers should NOT make any deposits to previously issued bitcoin deposit addresses. As an additional security measure, we suspended our systems while we fully investigate the incident and actively engage with law enforcement officials.
This breach represents a small fraction of Bitstamp’s total bitcoin reserves, the overwhelming majority of which are held in secure offline cold storage systems. We would like to reassure all Bitstamp customers that their balances held prior to our temporary suspension of services will not be affected and will be honored in full.
We appreciate customers’ patience during this disruption of services. We are working to transfer a secure backup of the Bitstamp site onto a new safe environment and will be bringing this online in the coming days. Customers can stay informed via updates on our website, on Twitter (@Bitstamp) and through Bitstamp customer support at [email protected].
- Bitstamp Team "
So they got pleny enough to go around. But the hacker still has 19,000 coins
January 05, 2015, 08:59:58 PM
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