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

[maranello1561]

Don't Panic. Its only magic internet money.

[Specular]

The BitStamp news is very interesting....

It's odd that the price has not reacted at all. There is even some light buy volume on BitStamp.

Crazy days.

[abercrombie]

https://bitcointalk.org/index.php?topic=914434.msg10041533
http://www.reddit.com/r/Bitcoin/comments/2rd6bb/problems_with_bitstamp_withdraws/

LOL if legit.

*edit*

And https://bitcointalk.org/index.php?topic=531285.0

And http://www.reddit.com/r/Bitcoin/comments/2rd2xe/bitstamp_is_apparently_broken_or_hacked_i_suggest/

Bullish?  Bitstamp customers can't dump their coins. 

[JorgeStolfi]

Crash was predictable/easy to time and started at china as always.
Nothing to do with this shit.

I don't believe there are many chinese traders on china's exchanges. 

Probably a lot less than there were in November 2013.  But maybe still enough to set the price.

One reason I think so is that the price still does not react much to Western news (like "Microsoft accepts bitcoin" or "California makes bitcoin legal tender") but reacts to Chinese news ("A 3 G€ hedge fund will trade in OKCoin's platform", 2014-11-12).  By the way, the  Chinese stock market had a freak 20% rise in december; it may explain bitcoin's crash.

[Specular]

Maybe someone stole BitStamps hot wallet coins and dumped them all as quickly as they could - causing the latest price collapse?

[BlindMayorBitcorn]

Maybe someone stole BitStamps hot wallet coins and dumped them all as quickly as they could - causing the latest price collapse?

Or this is Bitstamp's way of halting the crash. Or their hot wallet really is just temporarily buggered

[Specular]

Maybe someone stole BitStamps hot wallet coins and dumped them all as quickly as they could - causing the latest price collapse?

Or this is Bitstamp's way of halting the crash. Or their hot wallet really is just temporarily buggered

Informing your customers that there is a problem with the hot wallet and that deposits may result in private keys being lost is one very risky way of halting a crash. Who knows... It is just strange that the price is taking all this in stride.

[coinableS]

Informing your customers that there is a problem with the hot wallet and that deposits may result in private keys being lost is one very risky way of halting a crash. Who knows... It is just strange that the price is taking all this in stride.

If no one can send bitcoins into the exchange, they won't have any to sell.

[Walsoraj]

New poll: how long until Stamp freezes trading?

[maranello1561]

i hope this is not GOX v2.0 because if it is then bitcorn will go 2 digit way

Oh cmon, lets just admit it, y'all a bunch of namby-pamby worry-warts who wet their pants over everything.

[Specular]

Informing your customers that there is a problem with the hot wallet and that deposits may result in private keys being lost is one very risky way of halting a crash. Who knows... It is just strange that the price is taking all this in stride.

If no one can send bitcoins into the exchange, they won't have any to sell.

True.

[marcus_of_augustus]

all the naked short selling will stop and shorts will got locked out of their profits when the bitswamp bellies up ... it's good for bitcoin when speculators get taught about the counterparty risk on those "oh-so-easy" selling what ya don't own profits

[ChartBuddy]

Explanation

[Walsoraj]

Informing your customers that there is a problem with the hot wallet and that deposits may result in private keys being lost is one very risky way of halting a crash. Who knows... It is just strange that the price is taking all this in stride.

If no one can send bitcoins into the exchange, they won't have any to sell.

True.

The deposit page shows this:

New deposit addresses forthcoming. The crash may continue.

[marcus_of_augustus]

should of got your bitcoins out of the swamp while you still had time ... sounds like the music just stopped.

[JorgeStolfi]

The deposit page shows this:

Could it have something to do with this query:
http://www.reddit.com/r/Bitcoin/comments/2rdb4u/whats_going_on_with_this_address/
about this address
https://blockchain.info/address/1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa

[maranello1561]

should of got your bitcoins out of the swamp while you still had time ... sounds like the music just stopped.

If the clowns have really lost their private keys, this is actually pretty good for the rest of us who dont transact at that dump. Takes out a a decent supply out of the bitcoin economy. My bitcoins just got a teeny weeny bit more scarce, so not too bad.

[Wandererfromthenorth]

Informing your customers that there is a problem with the hot wallet and that deposits may result in private keys being lost is one very risky way of halting a crash. Who knows... It is just strange that the price is taking all this in stride.

If no one can send bitcoins into the exchange, they won't have any to sell.

True.

The deposit page shows this:

New deposit addresses forthcoming. The crash may continue.

People wanting to get coins out of bitstamp can do it only buying XRP and withdrawing them.

Seriously though, some scary shit 

[esse83]

Sell your bitcoins for ripple, only way out of stamp  

[rebuilder]

Sell your bitcoins for ripple, only way out of stamp  

Have they blocked fiat withdrawals?