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

[Fatman3001]

I told you all bitcoin had no underlying value, but did you listen? Of course not. A fool and his money.

Invest in low cost index funds. It's not pretty, but this slow growth is the key to wealth. Do you think I was born a billionaire? No. You need to *loose money before you know how to make money. Hopefully you *learned your lessons good and will make wise *decision from now on.

*lose
*learnt
*decisions


Nobody illiterate ever became a self made billionaire.

Warren Buffert is not an Englishman, so I do not use "learnt". I also don't use colour or wear braces instead of suspenders. 

What a looser...

 

So you wear suspenders? 

I wear a mother fucking bull costume & I will be smoking a pipe, wearing a monocle soon gentlemen.

Please say it's true.Please say it's true.Please say it's true.Please say it's true.Please say it's true.

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[chopstick]

Price down PICK UP

https://www.youtube.com/watch?feature=player_detailpage&v=lEBP9dpVM70

[celebreze32]

Bitstamp hoping to reopen within 24 hours?

"Slovenian bitcoin exchange Bitstamp remains closed – hackers supposedly stole around 19000 bitcoins from its servers (4,3 million eur). “Bistamp remains liquid, but I can’t tell more because of the investigation” said co-founder Damijan Merlak and added they closed the exchange because otherwise “important trails could be erased”. “With experts we are currently setting up a duplicate of entire infrastructure in San Francisco, which is bound to finish in the next 24 hours. At that time we will continue our services.” explained Merlak for STA. At the exchange they claim to have “more than enough reserves” to cover lost bitcoins. Hackers supposedly stole only “small part” of all bitcoins – because of cases as this one, exhanges keep majority of their bitcoins in offline computers."

The above is apparently translated by a Reddit user, the source being this site:
http://www.rtvslo.si/gospodarstvo/bitstampu-hekerji-ukradli-za-stiri-milijone-evrov-bitcoinov-borza-zacasno-zaprta/355142

EDIT: probably not reopening within 24 hours, but duplication of infrastructure within that time

Chrome could not directly translate that webpage, so I ran the text directly through Google translate. This is the result.

Bitstampu hackers stole four million euros bitcoins , exchange temporarily closed
The coins are stored on servers that are not connected to the Internet
January 6th, 2015 at 10:25 ,
The last intervention : January 6, 2015 at 11:14
Kranj - Reuters / STA
Slovenian Stock Exchange of coins bit Bitstamp remains closed - to hackers would steal from its servers bit about 19,000 coins ( € 4.3 million ) .

" Bitstamp remains liquid, more because of the investigation itself difficult to tell , " said co-founder Exchange Damijan Merlak , adding that the site stopped , " because it is the continuation of the operation of the servers erase important tracks" . " Currently in San Francisco with experts put a duplicate of the entire infrastructure, which is expected to be regulated in the next 24 hours . Then we can restore service " for clarification Merlak .

The stock market has asserted that " more than enough reserves " to cover the lost coin bit . Hackers should be taken away only " small proportion " bit of coins - Stock Exchange of Bitcoin is precisely because such cases the majority bit of coins stored on computers that are not connected to the Internet .

As they wrote on the website , you should restore the functioning of the stock exchange within a few days of the invasion have already informed the competent authorities .

Based in Kranj , now works in London
Bitstamp was created in Kranj in 2011 , and then as the founder Nejc Kodrič and Damijan Merlak headquarters moved to London . After the collapse of the Japanese stock exchange Mt Gox at the beginning of last year, Bitstamp some time held the position of largest stock exchange in the world in the last month with a market share of around šestodstotnim occupied third place.

Bit coins peaked in December predlani when the value of one bit of the coin rose to more than 1100 dollars. This was followed by a sharp decline and collapse of some of the exchanges, including even the largest stock exchange Mt Gox , in April last year declared the course. Today, it is a bit coin worth about 270 dollars.

Digital currency in spite of difficulties starting to take off . Payments to accept all coins bit more established companies - in mid-December the payment of Bitcoin allow US technology giant Microsoft , online encyclopedia Wikipedia but donations bit accepts coins since August last year.

T. K. B.

[Warren Buffert]

I told you all bitcoin had no underlying value, but did you listen? Of course not. A fool and his money.

Invest in low cost index funds. It's not pretty, but this slow growth is the key to wealth. Do you think I was born a billionaire? No. You need to *loose money before you know how to make money. Hopefully you *learned your lessons good and will make wise *decision from now on.

*lose
*learnt
*decisions


Nobody illiterate ever became a self made billionaire.

Warren Buffert is not an Englishman, so I do not use "learnt". I also don't use colour or wear braces instead of suspenders. 

What a looser...

 

So you wear suspenders? 

I wear gold plated suspenders. The rich get richer and the fools keep loosing. Thanks for the money bulltards!

[coinableS]

I feel bad for anyone who does not have at least 10BTC at these prices.

LOL noob buys in with $3k in one buy. This is how you create weak hands. You need to dollar cost average homeboy. Buy a little bit every month and that way you are invested but not emotional about price swings.

[celebreze32]

I told you all bitcoin had no underlying value, but did you listen? Of course not. A fool and his money.

Invest in low cost index funds. It's not pretty, but this slow growth is the key to wealth. Do you think I was born a billionaire? No. You need to *loose money before you know how to make money. Hopefully you *learned your lessons good and will make wise *decision from now on.

*lose
*learnt
*decisions


Nobody illiterate ever became a self made billionaire.

Warren Buffert is not an Englishman, so I do not use "learnt". I also don't use colour or wear braces instead of suspenders. 

What a looser...

 

So you wear suspenders? 

I wear gold plated suspenders. The rich get richer and the fools keep loosing. Thanks for the money bulltards!

All the British here will think you wear the type of suspenders that hold a woman's stockings up, together with a woman's stockings.  

It can be bad news when the same word has completely different meanings in different countries.

[j753k]

HERE COMES THE PUMP TO 300 WITH THE GOOD BITSTAMP NEWS!

[kryptopojken]

HERE COMES THE PUMP TO 300 WITH THE GOOD BITSTAMP NEWS!

The fact that they only lost 12% of their btc rather than everything?

[aliro38]

I told you all bitcoin had no underlying value, but did you listen? Of course not. A fool and his money.

Invest in low cost index funds. It's not pretty, but this slow growth is the key to wealth. Do you think I was born a billionaire? No. You need to *loose money before you know how to make money. Hopefully you *learned your lessons good and will make wise *decision from now on.

*lose
*learnt
*decisions


Nobody illiterate ever became a self made billionaire.

Warren Buffert is not an Englishman, so I do not use "learnt". I also don't use colour or wear braces instead of suspenders. 

What a looser...

 

So you wear suspenders? 

I wear a mother fucking bull costume & I will be smoking a pipe, wearing a monocle soon gentlemen.

Please say it's true.Please say it's true.Please say it's true.Please say it's true.Please say it's true.

Maybe it's true, I really don't know.
But still (as I probably didn't get it well; it must be one of those language barrier issue): wouldn't be better instead to take good care of his both eyes?! 

[elasticband]

took a small loss, back in 100%

[kryptopojken]

There's a bot at bfx selling between 0.4 and 0.8 every few seconds. Maybe it's shorting actually, not sure

[aliro38]

So, what do you think betstamp's customer will most probably do once the biz resumes?
Carrying on with their trading as before
Move onto another exchange
Pull out from trading in btc
Pull out from trading in fiat

I know what I will do but I'm curious. Maybe a pool would be useful?
Thanks

[samsonn25]

Assuming Bitstamp offers 100% refund then traders have the same amount of coins as before the hack

Why worry

[billyjoeallen]

There's a bot at bfx selling between 0.4 and 0.8 every few seconds. Maybe it's shorting actually, not sure

um no, there is a bot putting in very small bids piling on top of each other. This is why the price is going UP with red candles. Smart buyers with limit orders and dumb sellers with market orders. You pay less for limit trades and you also get to buy more with less slippage.

I wouldn't read too much into this one way or another. The volume is so low it could mean anything or nothing.

[elasticband]

So, what do you think betstamp's customer will most probably do once the biz resumes?
Carrying on with their trading as before
Move onto another exchange
Pull out from trading in btc
Pull out from trading in fiat

I know what I will do but I'm curious. Maybe a pool would be useful?
Thanks

I would personally move, although i still use BTC-E and they covered the costs of a hack a long time ago, which was about 4500BTC

business as usual if they cover the loss, just more careful about having all eggs in one basket.

[kryptopojken]

There's a bot at bfx selling between 0.4 and 0.8 every few seconds. Maybe it's shorting actually, not sure

um no, there is a bot putting in very small bids piling on top of each other. This is why the price is going UP with red candles. Smart buyers with limit orders and dumb sellers with market orders. You pay less for limit trades and you also get to buy more with less slippage.

I wouldn't read too much into this one way or another. The volume is so low it could mean anything or nothing.

You're right, my bad. Didn't pay close enough attention

EDIT: Actually that's not it. I just saw it pile up 3 asks in a row on top of each other. It's doing both

[luckygenough56]

someone is slowly getting out

[samsonn25]

Could also be only a small amount of sellers, but there are even less buyers who want to buy at this price

[strawbs]

someone is slowly getting out

or someone is slowly getting in 

[NotLambchop]

So...  How much of a pump would you gentlemen settle for to jump back in?