Bitcoin Forum

As i previously predicted, the markets have become 100% manipulated. Look at the pathetic volumes in the past few days why do you think ? That's because all the money from the peasants has been depleted. The Manipulation especially by chinese manipulators has been so severe it bankrupted a large number of new & existing Bitcoin investors. Notice how Bitcoin wasn't really allowed to bottom out, instead they kept playing the market forcing peasants (ie all of u here) to buy expensive bitcoin at $550-$700 so they can sell it to u.

The manipulation WILL continue until there is 0 new peasant money coming in, we might see more price swing upwards but ultimately we are going down to the real bottom at $300 or less. As i also stated earlier, the Gox fiasco is massive even if no one here cares about it, the real world is outside this forum. Every single day in the news there is something bad about Bitcoin, the media officially labeled it as a fraud and this will take atleast 1 year to recover. Like it or not Gox has ruined Bitcoin's image for a while, ontop of that every single day there is news of some bitcoin bank or service getting hacked.

I have been right so far, and most importantly Bitstamp is about to shutdown in the coming months Gox style, look at the signs:


1. Bistamp BTC withdrawals have siginficantly slowed down, before it would take 30min now takes up to 24 hours
2. Just take a look at the service discussion and reddit, you will see just how bad fiat withrawals have become
3. It takes weeks to get a withdrawal processed, especially if in large amounts
4. Bitstamp has been harassing users with pathetic unrequired questions about their personal life when asking to withdraw. This makes people think twice before withdrawing fiat
5. Bitstamp is introducing severe KYC procedure, even my Charles swab account doesn't ask me for so many documents and stupid personal questions. This is nothing but a delay tactic to cover for their losses
6. Don't forget that bitstamp shutdown btc withdrawals for an entire week just recently, this was actually because a large number of bitcoins were stolen but they haven't admitted it yet.
7. Endless complaints by bitstamp users, very similar to the months before gox collapsed

Good luck everyone

Fear Uncertainty Doubt its all in Op's post. Doing a good job Mr. perma bear.  :D

Lets not forget to talk about the eventual 180k btc payout from gox that might cripple the few fiat left from stamp peasants..

I have withdrawed fiat and btc recently, no pb  ???

fiat in 2 days, btc in one hour

Its good to see all kind of Perceptions..! and few of your prediction might be true..! but I highly doubt it will reach below 500$ anytime soon even if % of your speculation comes true..! but then again I'm no guru here , so lets see what happens in next few months and how things shape Up..! It can go anywhere b/w 500-1k$ only time will tell.

Interesting. I had no idea that there were problems with btc and fiat withdrawals at bitstamp. Can anyone else confirm (besides proudhon)?

theory : as they have a real cold wallet and since many user since gox death trust less exchanges and withdraw some of what they have, maybe Bitstamp don't process the BIG withdrawals very fast because they have to transfer manually the Btcs...

I just looked at the first 2 pages in services discussion and there are no topics about Bitstamp currently having problems with withdrawals.  ???

Is there anything to substantiate "Bitstamp is the next gox" other than that they are following KYC requirements (isn't that a good thing)?

it's not a good thing when they plan to ask for more evidence than Charles Swab, remember that Gox did exactly 100% the same thing in the months following its collapse. They used excessive KYC to create delay tactics, don't forget this fact.

I've withdrawn as much as hundreds BTC from Bitstamp recently, no problems at all.

Now, not saying some people haven't had problems but cosmofly is confirmed butthurt idiot so deal him with caution.

Disclaimer: I'm full in fiat right now except coins I use to trade alts.

Can you copy your KYC questions here. Mine were about 8 questions. I answered them and then my withdrawal was processed the next day.

FUD is to be expected in bitcoin

expect alot more FUD after the next large bubble

I've withdrawn fiat and bitcoins from stamp recently with no problems. MtGox was a walking corpse for ages before it finally collapsed.

Nice FUD, I´m using Stamp daily and never had a problem, 12k SEPA withdrawal took excactly 3 days to hit my bank account from the moment of initiation, larger BTC withdraws usually take 2h or so.

I think it's a myth that ex Gox customers, should scramble to Bitstamp after the bankruptcy.

If they had any there they have less now, and before, they considered Gox the safest option.

If they managed to withdraw in time, they don't intent to have their coins on another exchange.

Volumes are falling on all the exchanges, Ask orders are dwindling too. We will see another sharp dip into in a few days. This time into the sub 300.

The implications of Gox has a lot to do with the future of bitcoin still. more has to come out i the open before it's impact can be assessed. 

I agree that the Gox issue is not something we can just sweep under the rug.

I have indeed noticed that Bitcoin withdrawals at stamp are taking longer, for example previously my BTC withdrawal would take about 15-30 Min it was really fast. However now it takes about 2 hours +, this could be related to other issues though.

As for fiat withdrawals, it's been a while since i tried it so can't comment on it. I have come across some withdrawal delay complaints in service discussion, i see more of them but no where near Gox levels. I don't believe it is a major issue at all.

I fully support this idea as I absolutely dispise fractional reserve banking. We saw how this allowed GOX to manipulate the BTC price downward (Selling BTC's they dont have).

We should set up a system which picks a  random day in an manner that is not predictable (as the exchanges will simply Loan BTC from a big holder to cover BTC withdrawals).



+1

Where were all these threads when we were rallying to $1250? It's been known for almost a year that gox was dying/dead but during the rally everyone was just "CCMF. Thank god were over gox and we can still CCMF without it due to bitstamp". Where were all the doom mongers then, to say "no, gox dying is bad and you'll be seeing under 300 soon eough". Now suddenly that we're LOW, everyone's going to bring up this old issue and use it to rationalize that we should be even lower?

watch OP be wrong as Bitcoin makes a new ATH by end of July of 2014.

Sell now OP while the price is "high".  :D

Bitstamp had trouble with their banking software in november and one of my deposits get stuck then. Needed about two weeks to clear up. Since then, everything has gone smooth for me. I did several sepa deposits and btc withdrawals without delays, I can really recommend this exchange.

How many times do I have to tell you that I will not sell you my coins?

Meet my ignore list.

Complete BS, OP is an idiot.

In case anyone stops to take this fuddery seriously for a moment, remember:

OP has created his own altcoin.

Agenda.

Withdraws and deposits in the last two week with bitstamp and all fine, smooth and ok.

Cheers

For the record: I requested a BTC withdrawal last week and it hit my wallet aprox. 1 hour later.

2 x 6 figure pending, will update

edit: no problems here, one week from initiate to cleared funds in eur

no problems at all with stamp. pure FUD ...

Withdrew several K from bitstamp almost a week ago (last Monday) and it still hasn't appeared on my bank account. The last time I withdrew money it took only 2 business days, but it looks like things slowed down over at bitstamp.

EDIT: Got the money, it took exactly 1 week.. kinda slow but at least got it.

made at least 6 large FIAT withdrawals the last 5 months, made plenty of BTC withdrawals without a problem. made at least 3 large FIAT deposit and got credited the next day, sometimes if I made the withdrawal/deposit early I would get it the same day ( I use the same Bank)


and in case the OP is blind and cant read, there was an AUDIT from a third party company, they went to check the solvency and transparency of Bitstamp, this are the results:

STATEMENT REGARDING RECENT THIRD PARTY AUDIT REPORT
Dear Bitstamp clients,

On November 22nd and 23rd, 2013 an on site due diligence was carried out in respect of Bitstamp Ltd. on behalf of a 3rd party.

Bitstamp’s balance of BTC was validated by temporarily creating the largest single Bitcoin wallet and in the process the largest Bitcoin transaction in history.

The report identified that Bitstamp held 100% of validated BTC balance and USD funds. No material issues were raised as a consequence of the 3rd party’s investigations.

Original statement https://www.bitstamp.net/s/documents/Firestartr_DD_Letter_for_Bitstamp.pdf


Best regards,
Bitstamp team


the document was released the 6th March 2014, from Firestartr.Co


Disclaimer: I live in Slovenia and I use the same Bank, I also live 10 min away from Bitstamp offices.


https://i.imgur.com/9UDCnJN.png

Gartner Hype Cycle (https://en.wikipedia.org/wiki/Hype_cycle). We are on the Trough of Disillusionment. This was expected and it actually is a good thing. Because the faster it happens, the faster bitcoin will become mainstream.
http://upload.wikimedia.org/wikipedia/commons/thumb/9/94/Gartner_Hype_Cycle.svg/320px-Gartner_Hype_Cycle.svg.png


If you want a rock-solid exchange (as in "EU regulations-approved"), go to http://bitcoin-central.net. Granted, they need an interface overhaul (they are working on it) and moving BTC out of it takes time (one day at worst, because of manual checking of every transaction), but your money is as safe as in a bank (they can't go AWOL with your money, and if they shut down, you can't lose your money). Plus, like bitstamp, they charge no fee for moving BTC out.

Dober dan mmitech! Živil sem v Ljubljani za štiri leta.

Dober dan, kje pa živiš zdaj ? ali si Slovenc ?

Edit: Je vois dans votre profil que vous êtes français, ainsi que votre nom est français, avez-vous travaillé ici?

this

The only substantiated post in this whole thread. Congrats.

OP you are a fucking idiot.

UTTER-BULLSHIT

Bitstamp is working like a charm, even the fiat withdrawals (processed in 72 hours or less here in EU). You're just an intoxicator...

I was having many problems withdrawing btc and fiat from bitstamp.  I repeatedly entered the amount of bitcoin or fiat that I wanted withdrawn.  This went on for around 10 days with sporadic responses from my daily customer support tickets.  I always confirmed the withdrawal by clicking on the link within the confirming email, and did it right after I received the email. The request always showed "canceled" after one hour.  Finally, someone from bitstamp support suggested that I use the same browser when making the withdrawal through the bitstamp website and when I click the link within my confirming email.  The email address I use is my work email which is on the cloud.  I get on the internet outside of the cloud.  I went on the bitstamp website within the cloud, made the withdrawal request, went to my email within the cloud and clicked the link within the confirming email and I now see that the withdrawal is being processed.  When I withdrew btc in the past I did not have to do this, but apparently you do now.  So try staying within the same browser when confirming your withdrawal. 

I have not received the funds yet.  If I don't I will update.  Good luck

You claim to make good calls about how the market is going to move, but you are using a new account, so nothing about your previous predictions can be checked. Clearly this is an alt account and you have others. I guess your previous predictions during previous corrections all turned out to be wrong, so you have no choice but to make new accounts and falsely claim your all knowing skills.

absolutely true, A little more time and Bitstamp is dead

Exactly,not to mention the implications of them owning the trademark to the name as well.There are far more issues associated with this than just the USD exchange rate.When a company cannot account for 1/2 billion in BTC I don't see how that would incite trust/investment.

Man, I wish Bitcoin would fall to $300 so I can buy relatively cheap again. But I seriously doubt it. Don't see it falling below $500 unless there's an accidental fork or successful 51% attack or something major like that.

Seeing this post made me realize something. Lots of people over the past few weeks have been saying that they won't trust exchanges with their money now, that they are withdrawing for a safer way to store their bitcoins, etc. Obviously it is less risky to keep your bitcoin in your own possession off an exchange, but the fact that mtgox is insolvent does not make me any more prone to keeping bitcoin off exchanges. I've only known about bitcoin for 3 months now and it was obvious to me to stay away from mtgox from very early on, when I heard about the fact that you can't withdraw usd from them in any reasonable amount of time, and all the other problems they have had that other prominent exchanges have not had. However, if Bitstamp somehow runs into a similar problem and goes out of business in the medium term (next two years I'd say), it will be an incredible setback and the price will fall to double-digits or lower I would think, because people like me who like to trade would have no way of being confident that their exchange is not going to just run away with their money (assuming the traders/speculators have inflated the price quite a bit). I know many exchanges have been hacked or stolen money an all sorts of illegal activity has happened in that arena, but that was mostly in the early part of bitcoin's history, the actual wild-west period where people were discovering the technology and when it wasn't so expensive that anyone who actually deposited into one of those defunct exchanges would not lose too much. But now people rely heavily on a few exchanges, and one collapsing without any warning signs would be a major blow to bitcoin's future.

"firestartr.co" is not an auditor. They're a startup incubator.

This is a little better than Roger Ver's video about his examination of Mt. Gox's accounts. But it's not an audit. It's not even a financial statement.

Have we hit $300 yet? Need moar coins!

What makes someone like you tick?

5 digit fiat withdrawal just processed/confirmed in 3 business days.

That is a pretty retarded security hurdle, if you ask me.

Do you know what kind of volume triggers additional KYC questions?

and you know what that could mean right ?  let me speculate here, firestartr.co made an Audit before investing into Bitstamp, this could mean that Bitstamp is going big and when I say Big I mean bigger then what we can imagine...

this is only a speculation....

I laugh

Cosmopolis begins

Bitstamp ... 6k TT wire to Australia in 3 day turn around on the 27th March ..You are full of shit once again

Bitstamp asking for KYC docs is all good and a sign of a healthy exchange

The Gox malability problem was a pure GOX Bespoke problem.... No one was confiming transfers in the way they where ..ALso the jury is definately out as too what happnend to teh coinz ..I do expect Karples to be spending time in Jail soon due to embezellement

Here is a study just out that show "THE MALIBILITY ISSUES WAS A SMOKE SCREEN" so trying also cast bitstamp in thei same light for 100's of millions of dollars being missing is pure FUD

http://www.cio.com/article/750351/_39_Malleability_39_Attacks_Not_to_Blame_for_Mt._Gox_39_s_Missing_Bitcoins_Study_Says?page=2&taxonomyId=3055


Make a statement and lets BET ...I would prefer you to PUT UP or SHUT the FUCK UP comotard !!!

I got hit when i was doing more than 3-4k a week fiat withdrawls

"I laugh

Cosmopolis begins" --cosmofly


Whoopsie, I think you laughed a little too early.

I also noticed you deleted your "prediction" about bitstamp going gox, from the title of the post. How convenient.

Sooo...are we at $300 yet?

not yet.. around 520$/btc at this point of time..! let see where it goes from here.

Well, the real question to ask is why Bitcoin should be any higher than it was last October, when it was around $100.

The big run-up was due to the China bubble. For a few months, people in China could easily buy Bitcoins on line with yuan and sell them outside China for dollars or euros. That provided a cheap, easy, online way to bypass China's exchange controls. (Chinese citizens are not allowed to simply trade yuan for dollars or euros.) Then the People's Bank of China cracked down, the China bubble collapsed, and the exchanges in China are very slow or closed. (As one person from China points out on here, nobody even talks about Bitcoins on QQ any more.)

So that's over. The question to ask is, what else makes Bitcoins worth 5x what they were six months ago?  "Overstock.com" accepting them? A few Bitcoin ATMs? Higher mining costs?

I think that's pretty obvious.  More people are in possession of a coin, or fraction thereof, than there were a year ago.  It really wouldn't take that many people, each buying a single coin, to cause an uptick in price.

OK, my post maybe will sound off topic, or crazy .. but here is my view... ::)

I think since the bootstrap in 2009, we still have a plenty space to expand, the crypto primitives still strong :)

A little bit of magic - bootstrapping, allows the separation of code and machine, allowing one single piece of code to run on many different machines.
http://www.youtube.com/watch?v=nslY1s0U9_c

More people wanting them..

Supply, demand.

Supply 21 million, Demand = rising.

If Demand(2014) > then Demand(2013), price must go up.

100 people want a bitcoin, no one knows
1000 people want a bitcoin, no one knows
10000 people want a bitcoin..  a price is discovered
100 000 people want a bitcoin, the price jumps
1 000 000 people want a bitcoin the price jumps

Supply and Demand.

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Because no more speculations  from the manufacturer mining harfware.
Mining factor is so low, 4.7 cents per GH at 24h !

Lot of ppl selling mining hardware, they re Exiting

COSMOFLY DID YOU NOTICE WHAT´S ACTUALLY GOIN ON WITH BITSTAMP. MAYBE ANOTHER ONE OF YOUR PREDICTIONS BECOMES TRUE AND BITSTAMP IS REALLY THE NEXT MTGOX????

http://i57.tinypic.com/2e5s7ir.jpg

Check the bitstamp news, they are working on security patch.
If it was something like gox, they would not even notice this security vulnerability and would continue to trade until someone really uses it for bad things.

Yeah that´s what they´re tellin you. How many facts lies have we been told by Mark Karpeles aka MtGox.
"All your money/bitcoins are safe". LMAO

are you going to support fake panic ? I guess you want cheap coins, right ?
Bitstamp has been very honorable and trustable service provider, there is nothing incommon with gox.

No i´m actually tryin to warn people that they don´t lose money. I warned them 10 weeks before MtGox went down, and nobody believed me. It´s ok to hold Bitcoin if they don´t care about the price or whatever. But nobody should leave his money or coins on any of the exchanges, as they could go black forever over night. One should not ignore the signs.

I have BTC on Bitfinex. Should I withdraw? Is Bitfinex the same as Bitstamp?

Bitfinex seems safe for now, they passed the SSL test and announced that they have fixed all problems, but you should probably change your password and enable OTP if you didn´t have it before.

Make up your mind.

Interesting...

Login works again no problem.

Are we at $300 yet or was this another stupid-ass trolling thread? He did say $300 right?

I suggest reserving judgement until the downtrend is broken

Well does $300 "soon" ACTUALLY mean soon, or does it mean "eventually". The thread is a month old today. In terms of actually predicting anything, its done shit-all. I could spout out "BTC will be XXX price soooooon". And someone would ask "when"?  "Oh, just wait and see".....


Good grief.

http://3.bp.blogspot.com/_XTmorVlv5MU/TOcxVVKq86I/AAAAAAAACjc/ylVITulvTWk/s1600/charlie-brown.JPG

I'd say your sentiment falls on deaf ears. If BTC hits $300, there will be a lot of butthurt bulls around here. Prevailing sentiment says/said that $300 would never, ever happen again, so "soon" is pretty irrelevant

coughcoughbullshitcoughcoughsneeze

If its irrelevant, then why say it other than to troll or be redundant?

Is that a joke?

You were the one that brought it up. I was just making the point

Is that a joke indeed. All I know, is if I made a thread saying $300 coming "soon" and a MONTH goes bye, then yeah, I'd expect to be called out on it.

Je suis français mais j'ai vécu quatre en Slovénie :) Lepo se imej!

So now its another month later and $300 was no where in sight. Is it "soon" yet?

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So they might be trying to prevent money leaving the bitcoin economy?

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I am not defending nor blasting them.  I think they just want to comply so it SHTF they at least cover their backs. 

1)I wont tell you anything at all ever
2) I have nothing to hide

You know that these 2 statements totally contradict each other ...lolz

3) Why should i

Its called anti money laundering laws and they are enforced to varying levels by all companys

I dont think stamp wants to be bitinstant charlie Shrem money launderer & goto jail for 25 years or get there business closed down by homeland security by proxy via pressuer on there banking partners

Its due dilligence and it really shows that they are not going to be running away with your funds

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I stopped trading at Bitstamp several months ago. Anyone wanting to send them their diaries, personal letters, pictures of the familly and of the dog, be my guest. But unless they get hacked, I don't think that they will be another Gox.
Actually, I was expecting Huobi to be our next Gox, not Bitstamp. But it seems Huobi is dying in our hands peacefully: its volume is dropping massively. Of course, as chinese sellers end up without buyers with new fiat, the price can start moving down fast, but, right now, All Quiet on the eastern Front.

I think it's more aligned with a prime example of how margin trading and 0% fees grossly inflate the exchange's volume.

Two months old.

Yes, the end of leverage is one reason. Okcoin announced that leverage would cease on the 10th May (http://www.coindesk.com/pboc-pressure-influences-latest-okcoin-service-upgrade/). Since the prohibition of leverage was agreed between the 5  major chinese exchanges, probably, Huobi picked the same date.
I wonder if they also started already collecting the flat rate fee.

I was very happy to get my (limited) BTC out of Bitstamp before they added all the verification steps.  While I disagree with the price forecast the point about bitstamp is very interesting.  I didn't think AML regulations effected just crypto transactions.  Yet, two months in, bitstamp is still here.

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Bitstamp is working like a charm for me, never had any problems with them. They are the fastest exchangers on market and very very trustable. I never tried any other exchangers, but i have in mind testing Vault of Satoshi services.

If I was an exchange ... I would be very careful within volatile stuff ... for me sounds like the exchange market is more fragmented now than that it was on gox golden times. Exchanges can also cannibalize each other just like any other network (pools for instance ) ...

DOnt ever look back on GOX as the golden days as either

1) You have altzheimers
2) You where not there

GOX was the devil & thank fuck they are gone ..I whole heartly believe that we would not have been abel to move forward without them out of the picture

GOX is gone, but the bitcoins that were steal from there keep the market price very low. I have seen few hours ago on blockchain 2016 BTC transaction. I wonder where that amount comes from?:) any ideas?

A sizable amount of drugs.

No, it's bullshit. If they want to cater to governments and/or central authorities they need to get out of bitcoin. People move to it FOR PRIVACY. Government installs these regulations so it can track people, invade privacy, and try to collect fees/taxes whatever else....which defeats the privacy portion of bitcoin's principle. It's not about kiddie porn, drugs, terrorism, fake IDS, or money laundering.

It's about they see the writing on the wall when bitcoin is mass adopted and they can't control it, regulate it, tax it, and they can't enforce it.

Further, if you go to your bank to withdraw money, they do not ask you where you got it and what you plan to do with it. If you deposit money, they don't ask you that. Nobody has any questionaire to be filled out.

If you go to a currency exchange and exchange USD for Euro or vice versa or anything else, do they also hand you forms to fill out itemizing where you got your funds, what you spent it on, and what you're going to do with it>


So look closer at the real reason they're pushing for this information. Regulation, confiscation, taxation and that's bullshit.

If they want to do all that, then for god sakes as a community, at least make them work for it and expend their own money, time and effort to do it the hard way.

You haven't moved > $10,000 lately, have you?