Fatman3001
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Make Bitcoin glow with ENIAC
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January 09, 2015, 01:56:40 PM |
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next stamp update soon :
blablabla need another 72h to flee with coins
Or maybe they decided to open when the banks are open and avoid the "Duel of the Faiths". https://www.youtube.com/watch?v=Oh4l39Lo194
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 09, 2015, 02:00:06 PM |
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galdur
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January 09, 2015, 02:04:10 PM |
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Maybe it´s time to buy copper at a 5 1/2 year low.
I guess it´s cheaper than cabbage now.
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Bitcoin_BOy$
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January 09, 2015, 02:06:37 PM |
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Oh two days at the same price 282-286 we want a pump
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Phillis
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January 09, 2015, 02:07:17 PM |
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looks like sideways for a little while, time for some double RSI trading
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diabLEEca
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January 09, 2015, 02:08:53 PM |
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Or maybe they don't want the price to fall and that's why they wait until the banks are closed. People who want to withdraw their funds from the exchange fast will buy bitcoin because fiat wouldn't get transferred until Monday.
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Fatman3001
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Make Bitcoin glow with ENIAC
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January 09, 2015, 02:12:40 PM |
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Maybe it´s time to buy copper at a 5 1/2 year low.
I guess it´s cheaper than cabbage now.
People keeps risking their lives stealing it, so how cheap can it be? And if China has hit a speed bump, copper, steel, aluminium and cement is a risky proposition.
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Fatman3001
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Merit: 1013
Make Bitcoin glow with ENIAC
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January 09, 2015, 02:26:09 PM |
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Or maybe they don't want the price to fall and that's why they wait until the banks are closed. People who want to withdraw their funds from the exchange fast will buy bitcoin because fiat wouldn't get transferred until Monday. That is assuming people have lost faith in them. If not, we've had a week where nobody has transferred fiat to Bitstamp and dumpers are probably standing ready to send that mofo to the ground.
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YourMother
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January 09, 2015, 02:26:19 PM |
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strawbs
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January 09, 2015, 02:33:56 PM |
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Or maybe they don't want the price to fall and that's why they wait until the banks are closed. People who want to withdraw their funds from the exchange fast will buy bitcoin because fiat wouldn't get transferred until Monday. That is assuming people have lost faith in them. If not, we've had a week where nobody has transferred fiat to Bitstamp and dumpers are probably standing ready to send that mofo to the ground. When Bitstamp reopens, I'm not convinced that anyone will be eager to immediately exchange BTC for fiat on an exchange which will yet to have proven whether users can quickly withdraw fiat from their Bitstamp accounts. I think it's far more likely that those with BTC on the exchange will withdraw them to their own wallets; those with fiat on the exchange will immediately buy BTC and then withdraw them to their wallets - since it's the quickest and easiest way to withdraw. I may be wrong, but that seems the most likely scenario which, if true, would lead to an immediate demand for BTC and a price-rising rally. Who knows how strong the rally would be though... Ironically, this would mean that the less faith people have in Bitstamp once it reopens, the greater the price increase.
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ssmc2
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January 09, 2015, 02:38:16 PM |
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350 by the end of January. Begin new uptrend. Because technicals and stuff.
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bizz
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January 09, 2015, 02:47:16 PM |
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Maybe it´s time to buy copper at a 5 1/2 year low.
I guess it´s cheaper than cabbage now.
you'll likely buy from me... king USD is here ... everyone will print to max but US. Combine that with oil fallout = all commodities are fucked. I also wildly speculate strong USD will fuck up equities too. Congrats to FED. Job well done... financial meltdown in 3 ... 2... 1... (pick your timeframe) So: there there Bitcoin you're not alone in your hole.
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Richy_T
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January 09, 2015, 02:48:41 PM |
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"Give us a bit longer. We haven't finished loading the Champagne on the Lear jet."
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spin
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January 09, 2015, 02:52:23 PM |
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When Bitstamp reopens, I'm not convinced that anyone will be eager to immediately exchange BTC for fiat on an exchange which will yet to have proven whether users can quickly withdraw fiat from their Bitstamp accounts. I think it's far more likely that those with BTC on the exchange will withdraw them to their own wallets; those with fiat on the exchange will immediately buy BTC and then withdraw them to their wallets - since it's the quickest and easiest way to withdraw. I may be wrong, but that seems the most likely scenario which, if true, would lead to an immediate demand for BTC and a price-rising rally. Who knows how strong the rally would be though...
Ironically, this would mean that the less faith people have in Bitstamp once it reopens, the greater the price increase.
I agree. I had actually just submitted a wire transfer to send to Bitstamp. Luckily a call to the bank got it cancelled before they executed it. If it had gone through I would have a) been more nervous and b) get it out the quickest way I could. A counter argument would be that. I'm wondering if BTC withdrawals won't be significantly delayed on the day also as they presumably would face a lot of withdrawals. I.e. their hot wallet will continually be depleted. Depending on how manual the cold-wallet process this would lead to delays. Of course wire would also be delayed. This is of course assuming they are 100% funded on the day.
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galdur
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January 09, 2015, 02:53:33 PM |
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Maybe it´s time to buy copper at a 5 1/2 year low.
I guess it´s cheaper than cabbage now.
you'll likely buy from me... king USD is here ... everyone will print to max but US. Combine that with oil fallout = all commodities are fucked. I also wildly speculate strong USD will fuck up equities too. Congrats to FED. Job well done... financial meltdown in 3 ... 2... 1... (pick your timeframe) So: there there Bitcoin you're not alone in your hole. Well, I guess the USD will be corrected eventually. Things that go up do tend to come down again.
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soullyG
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January 09, 2015, 02:57:50 PM |
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Interesting analysis of the Bitstamp hack at Coindesk: ... One explanation for what took place on 4th and 5th January is that the exchange was locked in a race with the intruder to grab funds out of the hot wallet. The thief appeared to have access to all the addresses in Bitstamp's hot wallet, Ferrin says, because some transactions show the theft wallet generating a 'change address' that was later accessed by Bitstamp. One example of this highlighted on Ferrin's blog shows 32 BTC sent to the theft address. This transaction generated a change address that contained about 0.64 BTC. Some 40 minutes later, this change address was emptied out, forming part of a transaction totalling 10 BTC to Bitstamp's cold storage address. The thief's wallet, therefore, created a change address that was also accessible by Bitstamp. This suggests the thief had gained control of Bitstamp's internal systems governing its hot wallet and not merely that wallet's private keys, Ferrin said, adding: "They knew they were in a race between each other to claim what was left on the table." ...
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ChartBuddy
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Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 09, 2015, 03:00:02 PM |
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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January 09, 2015, 03:01:32 PM |
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Or maybe they don't want the price to fall and that's why they wait until the banks are closed. People who want to withdraw their funds from the exchange fast will buy bitcoin because fiat wouldn't get transferred until Monday. That is assuming people have lost faith in them. If not, we've had a week where nobody has transferred fiat to Bitstamp and dumpers are probably standing ready to send that mofo to the ground. When Bitstamp reopens, I'm not convinced that anyone will be eager to immediately exchange BTC for fiat on an exchange which will yet to have proven whether users can quickly withdraw fiat from their Bitstamp accounts. I think it's far more likely that those with BTC on the exchange will withdraw them to their own wallets; those with fiat on the exchange will immediately buy BTC and then withdraw them to their wallets - since it's the quickest and easiest way to withdraw. I may be wrong, but that seems the most likely scenario which, if true, would lead to an immediate demand for BTC and a price-rising rally. Who knows how strong the rally would be though... Ironically, this would mean that the less faith people have in Bitstamp once it reopens, the greater the price increase. Some will definitely think like this. I am just curious how many.
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NotLambchop
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January 09, 2015, 03:01:55 PM |
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... Things that go up do tend to come down again. ... Case in point: Bitcoin.
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Thomas-s
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January 09, 2015, 03:06:19 PM |
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Anyone wants to bet that withdrawals are disabled on Stamp?
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