UPDATE 5 January 2015:
Double bottom invalidated. Possible continuation to the downside. Market is volatile due to Bitstamp news.
CryptoReporter
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Its only 3am in Shanghai right now. Wonder how they will react to the bitstamp news. I think it really depends on if there are any Chinese using bitstamp.
MoonTrader
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I doubt it. I still think Bitstamp will recover just fine, but it may be seen as a sign of weakness by some. It's not going to kill Bitstamp and I don't think it will hurt bitcoin's long-term prospects.
BitWave
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Bitcoin never sleeps
johnrfraser
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Yes. Starting to get very twitchy about these security breaches...and if I am, what must Joe Bloggs think??
CryptoReporter
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If compromised, someone else has the coins. If lost, thats a lot of coins off the table never to be seen again which would drive of bitcoin price. Right?
CryptoReporter
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* drive up
MoonTrader
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Not sure if it works like that. People have speculated as to that effect, but it hasn't been observed yet, notably with the Mt. Gox event.
CryptoReporter
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Ouch. You called the market bottom 4 days ago at $320. Hope no one traded on your advice. Although mine isnt any better.
MoonTrader
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I keep my Twitter followers up to date, so I let them know when I changed my mind. Ideas don't always work out, but sometimes you have to be able to tell when it's time to switch sides.
Double bottom invalidated. Possible continuation to the downside. Market is volatile due to Bitstamp news.