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

[strawbs]

If Bitstamp still intends to reopen for business today, as stated by Reuters, they only have five hours left (Slovenian time).  Could make for an interesting Friday evening.

[LFC_Bitcoin]

Shit.

Something is happening.

I can feel it.

I think we're going up.

4 sure!

Lamby when we hit 20,000 per coin in 10-15 years I'll send you 0.05 BTC or something.
It's good to give.

[Tzupy]

can we have a bull weekend for once ?

Bull weekend? I don't know, but in about an hour a little pump is possible due to 1h MACD crossing.

[ChartBuddy]

Bitfinex

Explanation

[elasticband]

someones going to snap up those 1800btc soon.....  

[LFC_Bitcoin]

someones going to snap up those 1800btc soon.....  

You should buy a couple

[tvbcof]

All of these funny bull/bear graphics and what-not always remind me of a permutation of a classic corny TV show theme that we used to get a kick out of back in my grade school days:

Daniel Boone was a man, yes a biiiig man.
  But the Bear was bigger so he ran like a nigger up a tree.

ref:  https://www.youtube.com/watch?v=qdMA2spF0Bg

Things were somewhat less politically correct back in those days, and being and Oregonian I'm not sure I was even aware of what a 'nigger' was at the time.  The visual was funny to me though.

[elasticband]

someones going to snap up those 1800btc soon.....  

You should buy a couple

I loaded up at $272-$274

[LFC_Bitcoin]

someones going to snap up those 1800btc soon.....  

You should buy a couple

I loaded up at $272-$274

I think I'm done with adding to my bag for now.

[NotLambchop]

Shit.

Something is happening.

I can feel it.

I think we're going up.

4 sure!

Lamby when we hit 20,000 per coin in 10-15 years I'll send you 0.05 BTC or something.
It's good to give.

Have you checked out the Space Gun link in my other post?  It's a 4real thing you know, might be a better bet than waiting for rockets...

[elasticband]

someones going to snap up those 1800btc soon.....  

You should buy a couple

I loaded up at $272-$274

I think I'm done with adding to my bag for now.

I didn't really add anything this time, i made an exit a little bit to late and took a small BTC loss on the buy back as i entered back around the price i sold. basically paid the the exchange trading fee for some fiat insurance during the chaos, should have just stayed HODLING  

[Fatman3001]

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.

that is amazing that you think the same thing that i think and we are both right that either bitstamp goes to complete hell eventually or things could go differently. it's just like bitcoin prediction for january that we think it will stay sideways although it might go up or there is a possibility it could go down. if you want you all can subscribe to my newsletter where i send out predictions like these weekly .

You two should start doing horoscopes. There is some real money in that.

[Fatman3001]

Shit.

Something is happening.

I can feel it.

I think we're going up.

I like reading your posts, you always say what I want to hear.

[idecable]

I don't know if this was posted on here or not, but here it is:

http://www.coindesk.com/analysis-bitstamp-hacker-stolen-additional-1-75-million/

[Warren Buffert]

Shit.

Something is happening.

I can feel it.

I think we're going up.

I doubt it. Maybe you just need to use the toilet?

[bitcoin_purist]

I don't know if this was posted on here or not, but here it is:

http://www.coindesk.com/analysis-bitstamp-hacker-stolen-additional-1-75-million/

I'm very happy they are still more than worthwhile to steal.
Means we're still in business

[YourMother]

Yep... Time for some movement. Probably up?  

If Bitstamp still intends to reopen for business today, as stated by Reuters, they only have five hours left (Slovenian time).  Could make for an interesting Friday evening.

As far as I know they are in San Francisco right now... So local time there

Their twitter feed says otherwise

[BitChick]

Shit.

Something is happening.

I can feel it.

I think we're going up.

I like reading your posts, you always say what I want to hear.

While we are waiting we can just listen to this

https://www.youtube.com/watch?v=YkADj0TPrJA

[elasticband]

stamp chart jumped to $300

[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

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

well that would assume i am holding btc, which i am not.  i only use it as a means of transferring value.

the funny thing is... the stuff like maidsafe that i bought earlier this year have made me more bitcoins.... i mean if i were to trade them in...