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

[strawbs]

Anyone wants to bet that withdrawals are disabled on Stamp?

It wouldn't be surprising, and it may even be prudent (for them), in an attempt to prevent a run on coins

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[YourMother]

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

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.

The bitcoin tribe is filled with people that live on short memory. Once Stamp will (if) reopen their whorehouse, people will be like " Uhhhh, it was not so bad. " and they will continue to trade there. I remember this happening with Mintpal and other exchanges. They will stay until the website will be hacked again and closed forever and that will be the moment they learned a lesson.

But of course, things could go differently.

[Fatman3001]

Their last tweet is starting to look like a suicide note.

Just saying.

[galdur]

...
Things that go up do tend to come down again.
...

Case in point: Bitcoin.

Well, sometimes things go up again after coming down after having gone up.

It´s all about timing.

But if the bitcoin marketplace and philosophy continues to be dominated by

retarded libertarians that believe in "self regulation" and thereby give

criminals totally free play it will probably stay down for a long time to come.

[prophetx]

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

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.

The bitcoin tribe is filled with people that live on short memory. Once Stamp will (if) reopen their whorehouse, people will be like " Uhhhh, it was not so bad. " and they will continue to trade there. I remember this happening with Mintpal and other exchanges. They will stay until the website will be hacked again and closed forever and that will be the moment they learned a lesson.

But of course, things could go differently.

i have fiat on bitstamp still

i will likely do the following:

buy btc

move the btc to bitfinex

if the btc price is looking like it may rally a bit hodl it for a few days and then dump it

if it looks like it is a non-event, i will dump the btc immediately

in any case bitcoin is done, even an exchange funded by Draper gets hacked for $5 milli, bitcoin is way too slow to use as "cash", we have a some blog from Gavin getting all excited about 20 MB blocks which some people will bitch and whine about centralization.... woopty dooo...

parties over

go buy some maidsafe or ethereum

[NotLambchop]

...
Things that go up do tend to come down again.
...

Case in point: Bitcoin.

Well, sometimes things go up again after coming down after having gone up.

It´s all about timing.

Yep, before continuing on the southeasterly trajectory.  Catch the bounce & cash out FTW.

[cbeast]

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

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.

The bitcoin tribe is filled with people that live on short memory. Once Stamp will (if) reopen their whorehouse, people will be like " Uhhhh, it was not so bad. " and they will continue to trade there. I remember this happening with Mintpal and other exchanges. They will stay until the website will be hacked again and closed forever and that will be the moment they learned a lesson.

But of course, things could go differently.

i have fiat on bitstamp still

i will likely do the following:

buy btc

move the btc to bitfinex

if the btc price is looking like it may rally a bit hodl it for a few days and then dump it

if it looks like it is a non-event, i will dump the btc immediately

in any case bitcoin is done, even an exchange funded by Draper gets hacked for $5 milli, bitcoin is way too slow to use as "cash", we have a some blog from Gavin getting all excited about 20 MB blocks which some people will bitch and whine about centralization.... woopty dooo...

parties over

go buy some maidsafe or ethereum

Translated: sell your bitcoins cheap so I can buy them cheap.

[600watt]

and i thought i had 'em all on ignore already...  

[NotLambchop]

and i thought i had 'em all on ignore already...  

If you could only ignore the tanking price...

[Bagatell]

and i thought i had 'em all on ignore already...  

I have 147 so far.

[galdur]

and i thought i had 'em all on ignore already...  

If you could only ignore the tanking price...

At some point idiots and retarded libertarians at one of those

bitcoin conferences will be forced to discuss this suicidal policy

of "self regulation" and letting every criminal go scot free.

Obviously this insane policy totally destroys confidence, ensures

that any meaningful capital stays away, guarantees volume is

anemic and is a boon for short sellers.

[Bagatell]

148..

[galdur]

If anyone believes that rampant and unchecked criminality in a marketplace

inspires confidence in what is being traded there

have fun buying as long as you last.

[DaRude]

If anyone believes that rampant and unchecked criminality in a marketplace

inspires confidence in what is being traded there

have fun buying as long as you last.

If anyone actually believes that it's possible to have a free market without people trying to exploit it
have fun living in this unfair world.

Guys guys i thought we all agreed to sit in circles and sing Kumbaya. So who took my sandwich out of the fridge?

[inca]

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

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.

Very interesting idea.

Edit: they should probably open their books to an auditing firm and publish the results to confirm they are solvent prior to opening.

Whilst in light of gox it is normal to be concerned nothing stamp have done after this criminal theft has been concerning. Not everyone is a screeching bear dreaming of an exodus and price crash.

[Newbie1022]

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

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.

Very interesting idea.

This. And it is brilliant.

[only]

the next 24h are critical

[galdur]

If anyone believes that rampant and unchecked criminality in a marketplace

inspires confidence in what is being traded there

have fun buying as long as you last.

If anyone actually believes that it's possible to have a free market without people trying to exploit it
have fun living in this unfair world.

Guys guys i thought we all agreed to sit in circles and sing Kumbaya. So who took my sandwich out of the fridge?

Well, usually  free markets have law enforcement and criminals can face

consequences. This gives traders confidence in the integrity of the markets.

But this is totally absent from the bitcoin market which is one of the main

reasons why bitcoin has no volume and keeps tanking.

[Gyrsur]

the next 24h are critical

the whole life is critical

[ChartBuddy]

Bitfinex

Explanation