While ultimately I think they will recover just fine, Panterra's boss has made it known that he's distancing himself to BitStamp and I doubt Stamp will find it easy to get any more VC money. They obviously don't need it at this point especially if they come through and cover their customers' losses, if in fact they were actually losses and not a company loss.
He is still listed as a director there. |
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A relief rally is de rigeur now. How far can it go? If it gets to squeezing the shorts - then it can go pretty high.
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I am thinking about filing that statutory demand - but they even refuse to inform me about the exact balance of my account:
"Unfortunately, we are unable to check your account balance at the moment. This is because of the reasons, already stated in our previous response."
the previous response was:
"For the time being, you cannot withdraw bitcoins held in our wallet. This is because we have temporarily suspended our services in an attempt to make sure that all of our customers’ Bitcoin and personal information remain safe. We are working to restore our full services in the coming days, at which time you’ll be able to resume withdrawals, deposits, and other Bitstamp services."
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Technically they can integrate with Amazon and "introducing a simple way to use your cryptos to buy things on sites like Amazon" without partnering with Amazon.
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If your key creation RNG is bad, of course you don't ever have to spend to lose your funds. There are implementations out there getting the initial key creation wrong too, not just signing? I don't quite understand what you mean here. You sign using the key - this is a deterministic operation, there is no RNG involved - the RNG is used to generate the key. Signing leaks information about the key - so this can aid the attacker - but it is not the only way. |
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I wonder if it is something widely known that if you have a bad RNG - then the attacker can empty your cold storage as easy as hot wallets. It is kind of obvious - but when listening to all these talk about 'coins secure in cold storage' I had the feeling that people don't realize this.
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If it was an RNG attack - then it could be used on their cold storage as well as on their hot wallet. If the attacker can predict the private keys - then the fact that these keys are stored on something detached from the internet does not make any difference.
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Either they will not be able to pay back and declare bankruptcy and we'll have a total crash as people lose confidence.
Or they will never admit that anything was stolen and after a small correction due to some people losing confidence anyway we'll be back the the same situation as before the crash - i.e. still in the down trend.
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It does not matter where. as long it is under red line BUY!
Of course it matters, the reason I ask is because I can sell Bitcoin for $318 dollars, so if I can buy it at $260, I would make tons of money Sure dude! But if you could buy at $200 you could make even more money - why don't you ask about that? I guess I know - you thought that the chart was about dollar price - but surprise the header on that chart says 'EUR'  |
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It is currently the bulls that lose money.
Bulls are allowed to short too you know  Defining a bull as someone who never sells is as extreme as defining a bear as someone who never buys. Bull and bear are temporal definitions - if someone is not interested in a market he is not a bear - but an outside observer. Bear is someone who currently is not holding the asset (or is shorting it) - but plans to buy it later. Bulls that hold shorts are just stupid (I guess there could be a legitimate scenario where someone was betting on volatility and holding both the asset and shorts on it - but it does not make sense in our setup). You can be bearish short to midterm but still bullish longterm. Its not mutually exckusive and can be incredible profitable But in this case you don't hold the asset now - because you can buy it later for less (which means you are not a bull now). |
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It is currently the bulls that lose money.
Bulls are allowed to short too you know Defining a bull as someone who never sells is as extreme as defining a bear as someone who never buys. Bull and bear are temporal definitions - if someone is not interested in a market he is not a bear - but an outside observer. Bear is someone who currently is not holding the asset (or is shorting it) - but plans to buy it later. Bulls that hold shorts are just stupid (I guess there could be a legitimate scenario where someone was betting on volatility and holding both the asset and shorts on it - but it does not make sense in our setup). |
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It is currently the bulls that lose money.
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Hi karol,
I enjoy trading at Okcoin because liquidity is much better than BFX. also, because of liquidity, the charts are much more accurate and behave nicely to read and trade. I used to trade according to chinese chart on BFX, it simply didnt work in scalping. OKcoin offers 10x and 20x leverage with cross margin and fixed margin mode, meaning you dont have to risk all your capital to large margin call.
I've heard the futures are not fully hedged with bitcoins. This is playing with fire - the exchange can go bankrupt if there is a large move up. I cannot find any official info on the their hedging algorithm - but it looks like it is fractional because the futures volumes are order of magnitude higher than BTC volumes on that exchange. |
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We probably entered an up trend - now buy on dips sell on tops should be a good strategy.
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I assume that for every buyer of the futures there is a seller - that is a 'shorter'.
Does the system do full hedging? That is if it lets someone short a future - then does it buy the bitcoins for it to keep it and deliver to the buyer of the future on expiry?
What happens when your call option expires - will you get the bitcoins then?
I don't really know what are the standards in these circumstances - but if the system does not have the 348,608 coins to be delivered this week - then it can cause a huge short squeeze.
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I am waiting for Luc to come out of woods and declare that upper daily BB when falling is a very hard resistance.
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What do you guys think about the lack of asks in the books? The ask side is totally flat on both Stamp and Finex - no walls, no even small ramps - only the Chinese exchanges seem to have some kind of balanced book.
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What if a rally was just waiting for this thread?
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People lose money - they need someone to take the blame for their bad decisions. The manipulator threads are generally bearish.
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