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

[hdbuck]

besides, why would anyone transfert BTC to bitstamp when the price is crashing?? its time to transfert fiat ffs!

[celebreze32]

It seems like the $5M question is whether Stamp has spare BTC to cover the loss, or do they have to buy some of those 18K btcs in the market to return back to their users.

If they make everyone whole and swallow the loss, I wonder how Stamp users will feel? Do you switch because they were hacked, or do you stay loyal because they made everyone whole even after they fucked up. I mean shit happens, its nice to know that they are willing to take a hit to preserve their users' funds (like Blockchain did when some of their wallets were hacked).

How much do they make each day on average? Bitstamp's a ripple gateway in addition to a bitcoin exchange, so it makes money off the ripple system and people trading bitcoins.

The article link below is about the first day OKCoin.com beat Bitstamp by transacting nearly 16,000 BTC, compared with Bitstamp’s ~14,700 BTC and Bitfinex’s ~15,100 BTC.

https://www.cryptocoinsnews.com/okcoin-com-had-higher-daily-bitcoin-volume-than-bitstamp-and-bitfinex-today/

I cannot remember exactly what fees Bitstamp charges, but if it's trading volume is ~14,700 BTC daily, then it must have earned far more than $5 million this year.

[Globb0]

[elasticband]

news just in GOX coin now trading on bitstamp


what the f*ck next?

[YourMother]

I'm waiting for StampGox to pump grandpa Bitcoin and then i'm getting the fuck out of crypto for a while...

[BlindMayorBitcorn]

It seems like the $5M question is whether Stamp has spare BTC to cover the loss, or do they have to buy some of those 18K btcs in the market to return back to their users.

If they make everyone whole and swallow the loss, I wonder how Stamp users will feel? Do you switch because they were hacked, or do you stay loyal because they made everyone whole even after they fucked up. I mean shit happens, its nice to know that they are willing to take a hit to preserve their users' funds (like Blockchain did when some of their wallets were hacked).

How much do they make each day on average? Bitstamp's a ripple gateway in addition to a bitcoin exchange, so it makes money off the ripple system and people trading bitcoins.

The article link below is about the first day OKCoin.com beat Bitstamp by transacting nearly 16,000 BTC, compared with Bitstamp’s ~14,700 BTC and Bitfinex’s ~15,100 BTC.

https://www.cryptocoinsnews.com/okcoin-com-had-higher-daily-bitcoin-volume-than-bitstamp-and-bitfinex-today/

I cannot remember exactly what fees Bitstamp charges, but if it's trading volume is ~14,700 BTC daily, then it must have earned far more than $5 million this year.

So that's what happened? Officially? Hackster got the hot wallet??

[macsga]

news just in GOX coin now trading on bitstamp


what the f*ck next?

Microsoft adopts ->> price goes down
Paypal adopts ->> price goes down
NY Regulation ->> price goes down
...
...
Bitstamp Goxxed --> someone CCMFs Bitfinex.

Go figure...

[ImI]

It seems like the $5M question is whether Stamp has spare BTC to cover the loss, or do they have to buy some of those 18K btcs in the market to return back to their users.

If they make everyone whole and swallow the loss, I wonder how Stamp users will feel? Do you switch because they were hacked, or do you stay loyal because they made everyone whole even after they fucked up. I mean shit happens, its nice to know that they are willing to take a hit to preserve their users' funds (like Blockchain did when some of their wallets were hacked).

How much do they make each day on average? Bitstamp's a ripple gateway in addition to a bitcoin exchange, so it makes money off the ripple system and people trading bitcoins.

The article link below is about the first day OKCoin.com beat Bitstamp by transacting nearly 16,000 BTC, compared with Bitstamp’s ~14,700 BTC and Bitfinex’s ~15,100 BTC.

https://www.cryptocoinsnews.com/okcoin-com-had-higher-daily-bitcoin-volume-than-bitstamp-and-bitfinex-today/

I cannot remember exactly what fees Bitstamp charges, but if it's trading volume is ~14,700 BTC daily, then it must have earned far more than $5 million this year.

they also could get some venture capital in exchange for businessshares

[Feri22]

Only in Bitcoin could one of famous exchanges announce hack and people start buying immediately after 

+1 HILARIOUS! 

[hdbuck]

news just in GOX coin now trading on bitstamp


what the f*ck next?

Microsoft adopts ->> price goes down
Paypal adopts ->> price goes down
NY Regulation ->> price goes down
...
...
Bitstamp Goxxed --> someone CCMFs Bitfinex.

Go figure...

its stamp obvioulsy. buying all they can to cover losses, if they are any.. and profit even more, having say 1/5 of traders locked down with their plateform.

[elasticband]

news just in GOX coin now trading on bitstamp


what the f*ck next?

Microsoft adopts ->> price goes down
Paypal adopts ->> price goes down
NY Regulation ->> price goes down
...
...
Bitstamp Goxxed --> someone CCMFs Bitfinex.

Go figure...

bitcoin where "good" news causes suicides

[Fatman3001]

I don't give a sh#@$t about Bitstamp, but I would prefer that their implosion doesn't send Bitcoin further down the drain.

Why not? Cheap coins
I mean, bitcoin won't die does it? Please,... tell me it won't die.
please
please
please!

Bitcoin won't die, but it will be a lot less useful. The infrastructure around it will probably die. And I respect you too much to tell you where you can shove your cheap coins.

Bitcoin will finally separate from fiat, will become much more useful, and its price in USD will have no significance.

Although I have said "TO DA MOON!!!" quite a lot myself as well, I don't actually live on the moon; yet. Until then, fiat matters.

sheesh thats one dumb ass comment after another...

But something was missing, thank you for bringing the Mojo we needed.

https://www.youtube.com/watch?v=XeNY-_Jo6oQ

[celebreze32]

It seems like the $5M question is whether Stamp has spare BTC to cover the loss, or do they have to buy some of those 18K btcs in the market to return back to their users.

If they make everyone whole and swallow the loss, I wonder how Stamp users will feel? Do you switch because they were hacked, or do you stay loyal because they made everyone whole even after they fucked up. I mean shit happens, its nice to know that they are willing to take a hit to preserve their users' funds (like Blockchain did when some of their wallets were hacked).

How much do they make each day on average? Bitstamp's a ripple gateway in addition to a bitcoin exchange, so it makes money off the ripple system and people trading bitcoins.

The article link below is about the first day OKCoin.com beat Bitstamp by transacting nearly 16,000 BTC, compared with Bitstamp’s ~14,700 BTC and Bitfinex’s ~15,100 BTC.

https://www.cryptocoinsnews.com/okcoin-com-had-higher-daily-bitcoin-volume-than-bitstamp-and-bitfinex-today/

I cannot remember exactly what fees Bitstamp charges, but if it's trading volume is ~14,700 BTC daily, then it must have earned far more than $5 million this year.

So that's what happened? Officially? Hackster got the hot wallet??

The statement is here.

http://www.coindesk.com/bitstamp-claims-roughly-19000-btc-lost-hot-wallet-hack

The full statement from Kodrič reads:

"Bitstamp customers can rest assured that their bitcoins held with us as 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.  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 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 support@bitstamp.net."

[lay785]

news just in GOX coin now trading on bitstamp


what the f*ck next?

Microsoft adopts ->> price goes down
Paypal adopts ->> price goes down
NY Regulation ->> price goes down
...
...
Bitstamp Goxxed --> someone CCMFs Bitfinex.

Go figure...

Well wont bitstamp have to purchase 19k BTC to repay their customers #rally

[coinableS]

news just in GOX coin now trading on bitstamp


what the f*ck next?

Microsoft adopts ->> price goes down
Paypal adopts ->> price goes down
NY Regulation ->> price goes down
...
...
Bitstamp Goxxed --> someone CCMFs Bitfinex.

Go figure...

I've seen this many times but I still don't know what it means...

CCMF?? Anybody?

[celebreze32]

news just in GOX coin now trading on bitstamp


what the f*ck next?

Microsoft adopts ->> price goes down
Paypal adopts ->> price goes down
NY Regulation ->> price goes down
...
...
Bitstamp Goxxed --> someone CCMFs Bitfinex.

Go figure...

Well wont bitstamp have to purchase 19k BTC to repay their customers #rally

They might already have started judging by the volume on Bitfinex.

[Fatman3001]

news just in GOX coin now trading on bitstamp


what the f*ck next?

Microsoft adopts ->> price goes down
Paypal adopts ->> price goes down
NY Regulation ->> price goes down
...
...
Bitstamp Goxxed --> someone CCMFs Bitfinex.

Go figure...

I've seen this many times but I still don't know what it means...

CCMF?? Anybody?

Choo Choo Mother Fuckers? You know, a train.

[DonQuijote]

So now Bitstamp has to buy back its 18K BTC on the market asap

Not necessarily. They could dump inexistent coins and buy them back later at a much lower price. A sort of reverse Willy.

Like Mtgox (mtgox buy, bitstamp sell)

[wizby]

news just in GOX coin now trading on bitstamp


what the f*ck next?

Microsoft adopts ->> price goes down
Paypal adopts ->> price goes down
NY Regulation ->> price goes down
...
...
Bitstamp Goxxed --> someone CCMFs Bitfinex.

Go figure...

I've seen this many times but I still don't know what it means...

CCMF?? Anybody?

[phoenix1]

A bit of panic short covering by people who sold on the Stamp news IMO

Move along now ... nothing to see here, just another $5m heist of BTC, nothing new  

Good PR job by Stamp, quick announcement and covering all losses



BTW, anyone who thinks they are going to market buy those 18k is a fool