Stop saying the Bitstamp coins were dumped!! They are right $%&#ing here -- >

[medialab101]

People keep attributing the fall to $270 on the 19k coins being dumped on Finex or other exchange(s). This is not the case!! The coins haven't moved out of the address they were sent to  ----- > https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.

So just stop... please... thanks already...


*UPDATE: As of  2015-01-07 09:00:48 coins are being moved out of this address.

184.679012 BTC
8328a2ab8d4d22f8a098c8fa5a113a4a77c708c7d2c8fd358dd0cf0633b1edad

45.8785978 BTC
d41cfbc62295217d85a75c17b8860a6ad2e9b8871a6502b5980932a855792191

434.67890123 BTC
e48a2be73401a9daf8e560e2d38702fbefe647dbf08d96c0b532f0d6cb92d7fc

641.40329352 BTC
3b3f41f7ded78c4f2e18f5decc80f311e23dc9456b9cb387f618925c94c910fd2015

577.04332353 BTC
7270d303e58506d7199f9ebf1895fc46d0d0f1111caccb3bda8452974950817a


UPDATE 2: Aaaaaand... they're gone

[Lethn]

When have people ever listened to reason and logic in regards to Bitcoin?

[Agestorzrxx]

People keep attributing the fall to $270 on the 19k coins being dumped on Finex or other exchange(s). This is not the case!! The coins haven't moved out of the address they were sent to  ----- > https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.

So just stop... please... thanks already...

No one say the price crash because of the stolen coin.

[LiteCoinGuy]

People keep attributing the fall to $270 on the 19k coins being dumped on Finex or other exchange(s). This is not the case!! The coins haven't moved out of the address they were sent to  ----- > https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.

So just stop... please... thanks already...

No one say the price crash because of the stolen coin.

sure, alot of people on reddit etc.

[turvarya]

People keep attributing the fall to $270 on the 19k coins being dumped on Finex or other exchange(s). This is not the case!! The coins haven't moved out of the address they were sent to  ----- > https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.

So just stop... please... thanks already...

No one say the price crash because of the stolen coin.

sure, alot of people on reddit etc.

There are also people on this forum who say that.

[turvarya]

Here is an example of someone saying that:

New ATH in 2015 around $5500

That would be crazy.. n every early adopter will be immensely profited by that if it happens. but as per what I feel.. even reaching 500$ would be a challenge in itself! 

It's funny that everyone is predicting an ATH while the price is plummeting because of the Bitstamp news.

[bitbaby]

I saw a thread somewhere here saying that but maybe the price dropped because people anticipated that it will drop after the hacker sells and decided to sell maybe. Just speculating.

[turvarya]

Here is an example of someone saying that:

New ATH in 2015 around $5500

That would be crazy.. n every early adopter will be immensely profited by that if it happens. but as per what I feel.. even reaching 500$ would be a challenge in itself!  

It's funny that everyone is predicting an ATH while the price is plummeting because of the Bitstamp news.

he is saying about the Bitstamp news, not even an indirect indication that its caused by the dumping of said stolen coins.

Ok, I misunderstood the topic.
Still, he is saying it dropped because of the news, and even that is wrong.

[Elwar]

Price dropped because all the Bitstamp coins were dumped.

[flipstyle]

Here is an example of someone saying that:

New ATH in 2015 around $5500

That would be crazy.. n every early adopter will be immensely profited by that if it happens. but as per what I feel.. even reaching 500$ would be a challenge in itself!  

It's funny that everyone is predicting an ATH while the price is plummeting because of the Bitstamp news.

he is saying about the Bitstamp news, not even an indirect indication that its caused by the dumping of said stolen coins.

Nope.  The Bitstamp price drop hasn't even happened yet. This looks bad.

[tokeweed]

Price dropped because all the Bitstamp coins were dumped.

if so, the question is:  is the dump over?

[Elwar]

Price dropped because all the Bitstamp coins were dumped.

it doesnt count because you didnt mean it

I was trying to help OP.

[newIndia]

People keep attributing the fall to $270 on the 19k coins being dumped on Finex or other exchange(s). This is not the case!! The coins haven't moved out of the address they were sent to  ----- > https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.

So just stop... please... thanks already...

Is this address published by any official announcement of Bitstamp ?

[Bitcoinpro]

People keep attributing the fall to $270 on the 19k coins being dumped on Finex or other exchange(s). This is not the case!! The coins haven't moved out of the address they were sent to  ----- > https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.

So just stop... please... thanks already...

the coins can be dumped incredibly easy

what makes you think they can't ?

[desired_username]

People keep attributing the fall to $270 on the 19k coins being dumped on Finex or other exchange(s). This is not the case!! The coins haven't moved out of the address they were sent to  ----- > https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.

So just stop... please... thanks already...

the coins can be dumped incredibly easy

what makes you think they can't ?

They can't be dumped on the open market. It's hard to find a 5M worth buyer or sell this much in fractions off market too. (off market deals do not directly influence the public markets)

In reality, these coins don't worth much.

[LiteCoinGuy]

No one is saying that.

never say never...or something like that  


@ medialab101: what do you expect? people also invest in Paycoin/Gawminer and believe someone can double their money in 24 hours.  

[desired_username]

People keep attributing the fall to $270 on the 19k coins being dumped on Finex or other exchange(s). This is not the case!! The coins haven't moved out of the address they were sent to  ----- > https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.

So just stop... please... thanks already...

the coins can be dumped incredibly easy

what makes you think they can't ?

They can't be dumped on the open market. It's hard to find a 5M worth buyer or sell this much in fractions off market too. (off market deals do not directly influence the public markets)

In reality, these coins don't worth much.

Well if he is able to steal this much I am sure he is smart enough to put them through a mixer and trade them for alt coins and then back to Bitcoin in smaller amounts at a time.

Moving/mixing this much is very hard. The available mixers are not bulletproof either and usually have relatively low volumes. The comment I replied to stated that dumping is incredibly easy, which is not true.

[Bitcoinpro]

People keep attributing the fall to $270 on the 19k coins being dumped on Finex or other exchange(s). This is not the case!! The coins haven't moved out of the address they were sent to  ----- > https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.

So just stop... please... thanks already...

the coins can be dumped incredibly easy

what makes you think they can't ?

They can't be dumped on the open market. It's hard to find a 5M worth buyer or sell this much in fractions off market too. (off market deals do not directly influence the public markets)

In reality, these coins don't worth much.

forget i asked, ill just reiterate they can be dumped incredibly easy and will be

[wesk1212]

More than half of ppl here cannot think above ejunior highschool level here anyways. So its kinda pointless.
Man these brainless btc ppl wonder how they got in the forst place.
Gonto college or sehing instead get a loan not btc

[medialab101]

People keep attributing the fall to $270 on the 19k coins being dumped on Finex or other exchange(s). This is not the case!! The coins haven't moved out of the address they were sent to  ----- > https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.

So just stop... please... thanks already...

the coins can be dumped incredibly easy

what makes you think they can't ?

They can't be dumped on the open market. It's hard to find a 5M worth buyer or sell this much in fractions off market too. (off market deals do not directly influence the public markets)

In reality, these coins don't worth much.

forget i asked, ill just reiterate they can be dumped incredibly easy and will be

Mixers don't work well (especially for large amounts) and are being de-annonymized. You need to transfer to an exchange to change to altcoins and those coins can also be marked and tracked. Localbitcoins is an option but will leave a trail and requires meeting in person or bank details. Shady deals are possible but difficult to arrange and now that the whole world knows the Bitstamp coins are out there it would be quite difficult to move big blocks of them in this way without raising red flags. So tell me exactly, how are they going to dump these coins on the market?