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

[JimboToronto]

How will the miners dump there bitcoins now?

Miners use exchanges?

Their dark pools, anyway.

As soon as I posted I thought "silly me".

Of course they use exchanges, not to dump but to pump to keep the price up for their off-exchange sales.

Mind you, the buyers are probably dumping to keep the price down. And so it goes... on and on and on.

 

[Omikifuse]

How do you think Stamp hack will affect bitcoin price when they open trades again?

Will price drops?

TY!

depends what happens in the next hours and days. If everything back to normal soon and trades get reestablished, then prices probably will recover.

If things keep as they are or people can't withdraw money things will get worse

[ivyleague1985]

price is going somwhere between 100-200usd since solf of 18k btc will began

The thefts already sold the stolen coins. They aren't stupid nor slow hands. They sold when the price is over $300. Actually, the thefts triggered the recent crash.

[Wekkel]

Has the theft of 18k coins been confirmed then?

[ivyleague1985]

Bullish news, California legally approves bitcoin (sorry if someone else posted it first):

https://www.cryptocoinsnews.com/ab-129-california-legally-approves-use-bitcoin/

NYC already approved it last year. We can now use bitcoin to pay parking tickets.

[Omikifuse]

Has the theft of 18k coins been confirmed then?

no.
They said that most of the coins are in cold storage and safe.

If chose if you believe them or not

[ejinte]

Has the theft of 18k coins been confirmed then?

no.
They said that most of the coins are in cold storage and safe.

If chose if you believe them or not

How many BTC were up for sale in the order book?

[JimboToronto]

Has the theft of 18k coins been confirmed then?

Decide for yourself.

https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

[ChartBuddy]

Explanation

[cbeast]

Can we now focus on other means to trade bitcoins other than Gox model exchanges?

[LFC_Bitcoin]

I hope people weren't using Stamp to hold coins that they weren't planning to sell.
They'd be fucking stupid to do so after Gox.

[YourMother]

You got GOXXED the fuck out, peasants!

[superresistant]

Can we now focus on other means to trade bitcoins other than Gox model exchanges?

Next time, you'll use one of these:

 - bitcoin-otc.com
 - localbitcoins.com
 - mycelium.com/localtrader
 - multigateway.org

[Omikifuse]

I hope people weren't using Stamp to hold coins that they weren't planning to sell.
They'd be fucking stupid to do so after Gox.

stupidity is bigger than all mankind.

Also some traders might accept the risk of being goxxed for the profits of shorting, so it is like a bet, not stupidity

[uhoh]

You got GOXXED the fuck out, peasants!

Nice! 

[wpalczynski]

If this can happen at Bitstamp it can happen at any exchange.  Keep your coins on your home PCs in an encrypted wallet, files backed up or in a paper wallet if you are HODLing.

Another sad day for BTC, hopefully Bitstamp can cover these losses.

[NotLambchop]

...
Also some traders might accept the risk of being goxxed for the profits of shorting, so it is like a bet, not stupidity

I was told Bitcoin, the trustless P2P currency, was created to eliminate third-party risks, but you say it ain't so?  Dang...

[NotLambchop]

If this can happen at Bitstamp it can happen at any exchange.  Keep your coins on your home PCs in an encrypted wallet, files backed up or in a paper wallet if you are HODLing.

Another sad day for BTC, hopefully Bitstamp can cover these losses.

+1. Bitcoin's only safe if you never have to use it.

[Wandererfromthenorth]

lol

[luckygenough56]

yes don't use bitcoin let keep them all tin cold wallets forever, triple backup of wallets and private keys on usb keys for all computer noobs who can't even use a mailbox.

Now we go mainstream.