What's your action once Bitstamp reopens? - page 3.

celebreze32

sr. member

Activity: 296

Merit: 250

Quote from: riiiiising on January 07, 2015, 11:13:26 AM

Bitcoin can barely go a week without experiencing a major hack. Remember the last time your bank was robbed and they shut down for a week and you weren't able to get any of your cash? Oh? Well, neither can I!

How's 'being your own bank' working out?

Sort of. In 2008 some banks went bankrupt and people could not withdraw their money. I remember a couple who had a million in a bankrupt bank and would not leave the premises until the bank let them withdraw it. The bank refused and called the police to get rid of them.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: Tzupy on January 07, 2015, 01:14:06 PM

Not back to business yet, this may take a while: Roll Eyes

We are fully rebuilding our systems from the ground up so that customers can use @Bitstamp with full confidence and trust.

If they mean they are redeveloping their entire system I bet it takes longer than a few days. Lol

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Do nothing.

de3mka

member

Activity: 102

Merit: 13

How do I change an avatar?

Quote from: bitcon on January 07, 2015, 01:10:08 PM

buying Alts! no one ever hacks / steals those

And what about 50M NXT hack incident at Bter exchange? Luckily they were able to buy most of them back.

Everything that has value is a subject for hack.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Have a slice of cake.

Tzupy

legendary

Activity: 2170

Merit: 1094

Not back to business yet, this may take a while: Roll Eyes

We are fully rebuilding our systems from the ground up so that customers can use @Bitstamp with full confidence and trust.

bitcon

legendary

Activity: 2212

Merit: 1008

buying Alts! no one ever hacks / steals those

riiiiising

full member

Activity: 336

Merit: 100

Quote from: inca on January 07, 2015, 11:53:40 AM

Quote from: riiiiising on January 07, 2015, 11:13:26 AM

Bitcoin can barely go a week without experiencing a major hack. Remember the last time your bank was robbed and they shut down for a week and you weren't able to get any of your cash? Oh? Well, neither can I!

How's 'being your own bank' working out?

Since I store my own coins, fine thanks!

If a major exchange like bitstamp can't even protect their wallet, then how do you expect to keep yours 100% hack proof?

I'm sure yours is completely safe and sound... until the day it's not! Just don't ever move them to an Internet connected device. As any bit-tard knows, bitcoin is the safest and most awesome form of money ever created, just keep them offline and never use or trade them! Cheesy

inca

legendary

Activity: 1176

Merit: 1000

Quote from: riiiiising on January 07, 2015, 11:13:26 AM

Bitcoin can barely go a week without experiencing a major hack. Remember the last time your bank was robbed and they shut down for a week and you weren't able to get any of your cash? Oh? Well, neither can I!

How's 'being your own bank' working out?

Since I store my own coins, fine thanks!

You are sounding increasingly desperate. I suspect you know that your cheap coins are not going to come after all. Pity.

DonQuijote

legendary

Activity: 1551

Merit: 1002

♠ ♥ ♣ ♦ < ♛♚&#

Voted!

riiiiising

full member

Activity: 336

Merit: 100

Bitcoin can barely go a week without experiencing a major hack. Remember the last time your bank was robbed and they shut down for a week and you weren't able to get any of your cash? Oh? Well, neither can I!

How's 'being your own bank' working out?

samson

legendary

Activity: 2097

Merit: 1070

I'm not going to do anything, well maybe I'll read about it.

okae

legendary

Activity: 1401

Merit: 1008

northern exposure

Quote from: Bananana on January 07, 2015, 08:32:46 AM

Withdraw all the BTC and keep it in my wallet..

jaja, thats it!, i dont like any exchange ( maybe because i dont beleive on any of themso thats why i really think like you about all of them.

So my answer is: do nothing Wink

:

Quote from: MultiDice on January 07, 2015, 07:27:34 AM

I would suggest to withdraw and deposit only when you have to. I know it's difficult for day traders but better safe than sorry.

+1, be as faster as possible if you need to use their services.

de3mka

member

Activity: 102

Merit: 13

How do I change an avatar?

Quote from: BitCoinNutJob on January 07, 2015, 08:25:35 AM

Good time to have fiat in bitstamp IF it reopens you wanna instant buy, the price was at $276 at close and its already higher at other exchanges. I can see a huge candle incoming.

My thoughts exactly. Originally I wanted to withdraw fiat, but now seeing a price difference it's tempting to use the opportunity and buy. Then sell as soon as the price reaches other exchanges levels.

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

I'm not on Bitstamp but if you are you should BUYYYYY up every sell order in between 276 and 280 of course.

lunarboy

hero member

Activity: 544

Merit: 500

do nothing Grin

Bananana

sr. member

Activity: 481

Merit: 250

Withdraw all the BTC and keep it in my wallet..

Dexter770221

legendary

Activity: 1029

Merit: 1000

Do nothing.

BitCoinNutJob

legendary

Activity: 1316

Merit: 1000

Good time to have fiat in bitstamp IF it reopens you wanna instant buy, the price was at $276 at close and its already higher at other exchanges. I can see a huge candle incoming.

Feri22

hero member

Activity: 748

Merit: 500

Quote from: Hyena on January 07, 2015, 07:11:12 AM

By the way, if you hold any cryptocurrency and wish to sell it for USD, you don't need to wait for Bitstamp to open its doors. You can buy nubits since 1 NBT = 1 USD and when Bitstamp opens its doors you just sell the nubits and buy back BTC, transfer the BTC to bitstamp and get your USD. For example, I need to have a reserve of USD that would not suffer from the risk of BTC volatility but since Bitstamp is offline I cannot buy USD. To remedy that I bought nubits instead and I hold them in my wallet. You can't hold USD in your coin wallet software but you can hold nubits and since they are pegged to USD you are essentially holding USD in your cryptocurrency wallet.

That said, when Bitstamp opens its doors again, I will sell some of my NBT for BTC, transfer those bitcoins to Bitstamp and buy USD. Nubits changes the paradigm of what happens when an exchange goes offline. Previously, those who wanted to sell BTC would rush into exchange and sell their coins immediately when the exchange comes online. The latter would surely cause the price to drop since many people are selling at once. Now, with the help of nubits, you don't need to wait for the exchange to come online in order to sell your BTC for something that is not volatile.

That sounds pretty easy

Topic: What's your action once Bitstamp reopens? - page 3. (Read 4070 times)