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

[NotLambchop]

Good morning gentlemen!  Everything good?



A place where there isn't any trouble. Do you suppose there is such a place, Toto? There must be.
It's not a place you can get to by a boat or a train. It's far, far away. Behind the moon, beyond the rain...

[phoenix1]

Even shorts opened by miners are not held in perpetuity, if the price rises they would be closed and reopened higher. You only hedge against price falls.

That's another huge assumption and would defeat the purpose of the exercise, which is to lock in the price of future production during uncertain times.
It would be trading and not hedging.
Just to be clear, I do not claim to have any idea what miners are doing or will do

[BlindMayorBitcorn]

Good morning gentlemen!  Everything good?



A place where there isn't any trouble. Do you suppose there is such a place, Toto? There must be.
It's not a place you can get to by a boat or a train. It's far, far away. Behind the moon, beyond the rain...

Everything is normal

[findftp]

Pump to 315 incoming.
postponed for 24 hours

Make it 6 days.

Ahh.,.. what the fuck.
Let's just quit pretending you know what is going to happen.
Next 6 days are critical

[podyx]

So do you think bitstamp is coming back?? I have most money there

[phoenix1]

Pump to 315 incoming.
postponed for 24 hours

Make it 6 days.

Ahh.,.. what the fuck.
Let's just quit pretending you know what is going to happen.
Next 6 days are critical

Damn ... you're having conversations with yourself on an online forum ... you might want to see someone about that! Talking to yourself in the privacy of your own home is one thing, but you're taking it to another level  

Appreciate the honesty tho, I think you got a good relationship going there between you and yourself  

[coinableS]

So do you think bitstamp is coming back?? I have most money there

Bistamp is not being 100% truthful. Something is going on that they are not telling us; that is a fact. Whether or not they will come back, I don't know. The 24-48 hour promise is not happening.

[bizz]

So do you think bitstamp is coming back?? I have most money there

They said they will 'honor' peoples money. I'm not 100% sure what that means.  

[bitcoinvest]

so your opinion here is we got bitstamped??

[podyx]

I guess I have to go take a couple loans if I don't get my money back.

[JamesBrown]

Every passing minute the sentiment gets more bearish.
Maybe we finally are ready for landing?

[JamesBrown]

I guess I have to go take a couple loans if I don't get my money back.
This might be where my life goes down the drain if things go south. Probably won't happen though

Keeping my fingers crossed. Perhaps there should be a trader's union where we contribute towards a fund for the burnt by exchanges?

[acegilz]

350$ next target, ios news are very very good

[bizz]

so your opinion here is we got bitstamped??

Nope. I think they'll cover everything. I'm not sure about their long term future though. Unless they sell the business to someone trustworthy (too big to fail).

[phoenix1]

So do you think bitstamp is coming back?? I have most money there

They said they will 'honor' peoples money. I'm not 100% sure what that means.  

I have no idea what it means either ... maybe this  

https://www.youtube.com/watch?v=7GSXbgfKFWg

I hope not. My gut has been telling me they will make good on everything, but some more senior members are making me question that now. And others are not. Like most people, I really don't know what to think, but I am still biased towards 'yes, back'. My concern is how badly damaged people's faith is in them and the net result of that. The sooner they are back, the lower the collateral damage for everyone.

I always doubted they would be able to be up and running again in the given timeframe, so not surprised by that. Even if nothing untoward is going on, it just seemed overly-optimistic. But he had to say something when pressed, so personally I would not read too much into that deadline passing unmet. Jees, when he said it, it is highly unlikely he knew with certainty exactly what they were dealing with (assuming their story is true)

[NotLambchop]

Pwnage.  Pwnage,  gentlemen.

[celebreze32]

So do you think bitstamp is coming back?? I have most money there

Bistamp is not being 100% truthful. Something is going on that they are not telling us; that is a fact. Whether or not they will come back, I don't know. The 24-48 hour promise is not happening.

The original tweet giving a relaunch ETA was only a rough estimate because the tilde symbol ~ means approximately. A later tweet says a more exact ETA will be posted when it's possible to give one. The 48 hours is not over until 3:58 PM today.

https://twitter.com/nejc_kodric/status/552615256452001792

Our redeployment is up internally and is being filled with backup data for testing. Relaunch ETA ~24-48h. Thank you for your patience!

3:58 PM - 6 Jan 2015

[podyx]

Personally, my faith would be strengthened and I would keep trading there, if they come back.

[NotLambchop]

Personally, my faith would be strengthened and I would keep trading there, if they come back.

...

...

[ChartBuddy]

Bitfinex

Explanation