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

[eiprol]

After getting this noon a message on BitStamp balance telling me to activate 2FA, now I get another one telling that my Password is too old. What's happening?

@podyx same here

[TheKoziTwo]

Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.

Did you make that deposit today and got it in instantly?

Yes I made this today and it should arrive tomorrow based on my previous transactions. It takes about 1 business day for money to arrive.

Well done. You will probably buy more than 500 BTC with that amount.. If Gox can pull their shit together you will be looking at a huge instant profit.

In other news: my concern is not Gox being insolvent "because they lost the coins". My concerns is they are in VERY deep shit for various reasons and funds might be stuck in there for very long.

EUR withdrawals still worked you say? Only smallish ones and VERY slowly. When it takes 6 weeks to process a fiat withdrawal, then something VERY bad is happening. I mean... If I tell to my bank to do a 300k transfer, they do it immediately, and in max. 2/3 days the money arrives to the account where I sent it. If they have to wait WEEKS to be able to send the money, then there is a serious problem somewhere. They won't tell us what is the problem and they make up BS excuses about their "huge volume" overwhelming the banks. In my book, that's very worrying.

From what I understand their bank account has limits of say 200k EUR per day. That means waiting queue. They may be incompetent dealing with the legal issues, (e.g 5m USD frozen in US) and are stuck with these low limit bank accounts. I can see mtgox slowly losing it's market share due to their inability to take care of these issues, but as long as they're not arrested (and I do realize this is a risk so I try to limit my exposure to any exchanges) they will keep pumping funds out slowly, but surely imo. Long story short I don't believe Mark has some evil masterplan to run off with all the btc, nor do I believe they are insolvent. They just can't deal with the "real world".

[Walsoraj]

http://www.reddit.com/r/IAmA/comments/1ygcil/as_requested_im_ben_lawsky_superintendent_of_the/cfkazmc?context=3

First, let me compliment your screen name. Probably my favorite line from Dune.
Your questions are all good and I hope my previous answers mostly addressed them. Just a few additional notes: 1. We hope regulatory clarity will attract exchanges to the United States. I suspect that they are staying offshore right now because they don't know what the rules of the road here are or will be. 2. We do hope that regulation will create a level of certainty that could incentivize banks to promote not stifle these innovations. I also suspect there are banks who are quite interested in the technology but are being risk averse for now in the absence of regulatory clarity. 3. I think Secretary Lew was expressing that money laundering, in whatever form, needs to be dealt with seriously.

Any other day and snesLaw's comments would be "bullish as fuck." Right, adam?

[molecular]

why is anyone still using GOX?  Just remove the coins and cash and let it crumble.

Because it's so hard to stop. There are withdrawal symptoms and all that.

(I haven't used gox since early last year and have no funds there)

[FTWbitcoinFTW]

Bitstamp is telling me my password is too old(I consider my password very safe, so do i really need to change it?? randomized with a couple big letters) and I need 2FA

What happens if I lose my phone?? Is the authentication key that they give me enough then?

my btc withdrawls work btw

Just telling you gently your password is maybe compromise on your side, so change it

[ShroomsKit]

finally, stamp is following a bit

btc was overvalued anyway

Source?

how about stamp's two day price chart.. just took a downward direction..

Ah yes, you convinced me.

[adamstgBit]

First, let me compliment your screen name. Probably my favorite line from Dune.
Your questions are all good and I hope my previous answers mostly addressed them. Just a few additional notes: 1. We hope regulatory clarity will attract exchanges to the United States. I suspect that they are staying offshore right now because they don't know what the rules of the road here are or will be. 2. We do hope that regulation will create a level of certainty that could incentivize banks to promote not stifle these innovations. I also suspect there are banks who are quite interested in the technology but are being risk averse for now in the absence of regulatory clarity. 3. I think Secretary Lew was expressing that money laundering, in whatever form, needs to be dealt with seriously.

 
BULLISH AS FUCK!!!!!!!!

 

[surfer43]

Predicting the future already, are we?  

[FullLife]

Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.

Did you make that deposit today and got it in instantly?

Yes I made this today and it should arrive tomorrow based on my previous transactions. It takes about 1 business day for money to arrive.

Well done. You will probably buy more than 500 BTC with that amount.. If Gox can pull their shit together you will be looking at a huge instant profit.

In other news: my concern is not Gox being insolvent "because they lost the coins". My concerns is they are in VERY deep shit for various reasons and funds might be stuck in there for very long.

EUR withdrawals still worked you say? Only smallish ones and VERY slowly. When it takes 6 weeks to process a fiat withdrawal, then something VERY bad is happening. I mean... If I tell to my bank to do a 300k transfer, they do it immediately, and in max. 2/3 days the money arrives to the account where I sent it. If they have to wait WEEKS to be able to send the money, then there is a serious problem somewhere. They won't tell us what is the problem and they make up BS excuses about their "huge volume" overwhelming the banks. In my book, that's very worrying.

From what I understand their bank account has limits of say 200k EUR per day. That means waiting queue. They may be incompetent dealing with the legal issues, (e.g 5m USD frozen in US) and are stuck with these low limit bank accounts. I can see mtgox slowly losing it's market share due to their inability to take care of these issues, but as long as they're not arrested (and I do realize this is a risk so I try to limit my exposure to any exchanges) they will keep pumping funds out slowly, but surely imo. Long story short I don't believe Mark has some evil masterplan to run off with all the btc, nor do I believe they are insolvent. They just can't deal with the "real world".

I am of this opinion as well.  I think incompetence is driving this situation more than anything else.

[Walsoraj]

First, let me compliment your screen name. Probably my favorite line from Dune.
Your questions are all good and I hope my previous answers mostly addressed them. Just a few additional notes: 1. We hope regulatory clarity will attract exchanges to the United States. I suspect that they are staying offshore right now because they don't know what the rules of the road here are or will be. 2. We do hope that regulation will create a level of certainty that could incentivize banks to promote not stifle these innovations. I also suspect there are banks who are quite interested in the technology but are being risk averse for now in the absence of regulatory clarity. 3. I think Secretary Lew was expressing that money laundering, in whatever form, needs to be dealt with seriously.

 
BULLISH AS FUCK!!!!!!!!

 

Also:

I think Bitcoin or the underlying technology has a lot of potential on numerous levels. As Professor Athey said at our hearings, even the experts don't know today how the technology will evolve and what it will ultimately look like. But I do think it holds a lot of promise (if money laundering can be adequately addressed), both on its own and in terms of causing existing payments system technologies to up their game. I've personally evolved a lot on the issue the more I have learned. I wouldn't compare it to a Rocky-IV-final-scene about-face and it has taken time for all of us at DFS to get our minds around it, but certainly our views have changed.

http://www.reddit.com/r/IAmA/comments/1ygcil/as_requested_im_ben_lawsky_superintendent_of_the/cfkbfgo?context=3

[delaro]

Imagine the profit Bitcoin Builder is making right now with his website. Crazy Entrepreneurship!

[FTWbitcoinFTW]

Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.

Did you make that deposit today and got it in instantly?

Yes I made this today and it should arrive tomorrow based on my previous transactions. It takes about 1 business day for money to arrive.

Well done. You will probably buy more than 500 BTC with that amount.. If Gox can pull their shit together you will be looking at a huge instant profit.

In other news: my concern is not Gox being insolvent "because they lost the coins". My concerns is they are in VERY deep shit for various reasons and funds might be stuck in there for very long.

EUR withdrawals still worked you say? Only smallish ones and VERY slowly. When it takes 6 weeks to process a fiat withdrawal, then something VERY bad is happening. I mean... If I tell to my bank to do a 300k transfer, they do it immediately, and in max. 2/3 days the money arrives to the account where I sent it. If they have to wait WEEKS to be able to send the money, then there is a serious problem somewhere. They won't tell us what is the problem and they make up BS excuses about their "huge volume" overwhelming the banks. In my book, that's very worrying.

From what I understand their bank account has limits of say 200k EUR per day. That means waiting queue. They may be incompetent dealing with the legal issues, (e.g 5m USD frozen in US) and are stuck with these low limit bank accounts. I can see mtgox slowly losing it's market share due to their inability to take care of these issues, but as long as they're not arrested (and I do realize this is a risk so I try to limit my exposure to any exchanges) they will keep pumping funds out slowly, but surely imo. Long story short I don't believe Mark has some evil masterplan to run off with all the btc, nor do I believe they are insolvent. They just can't deal with the "real world".

I am of this opinion as well.  I think incompetence is driving this situation more than anything else.

Please care to explain how do you see the difference ?

From outside, just no way, same symptom for both
Don't get me wrong it's my bet also but before more information both are correct working hypothesis

[surfer43]

The buy orders on Mt. Gox are gradually disappearing...

[seleme]

People who are scared of Bitcoin regulation are dumbest souls on the planet.

It+s the most bullish thing ever to happen to Bitcoin.

[MoreFun]

First, let me compliment your screen name. Probably my favorite line from Dune.
Your questions are all good and I hope my previous answers mostly addressed them. Just a few additional notes: 1. We hope regulatory clarity will attract exchanges to the United States. I suspect that they are staying offshore right now because they don't know what the rules of the road here are or will be. 2. We do hope that regulation will create a level of certainty that could incentivize banks to promote not stifle these innovations. I also suspect there are banks who are quite interested in the technology but are being risk averse for now in the absence of regulatory clarity. 3. I think Secretary Lew was expressing that money laundering, in whatever form, needs to be dealt with seriously.

 
BULLISH AS FUCK!!!!!!!!

 

$180 in 7 business days 

[michaelGedi]

Bitstamp is telling me my password is too old(I consider my password very safe, so do i really need to change it?? randomized with a couple big letters) and I need 2FA

What happens if I lose my phone?? Is the authentication key that they give me enough then?

my btc withdrawls work btw

Just telling you gently your password is maybe compromise on your side, so change it

Bitstamp has detected an increase in the number of reports of phishing emails which were also received by some of our clients. Our technical team responded by examining the threat and setting immediate security measures in place to prevent potential risks.

As a precaution we have also applied this security measure to your account.

If you have received any emails with suspicious content and have opened links or attachments we highly recommend that you immediately contact a computer expert.

While we appreciate that this comes as an inconvenience we are convinced that our security precautions are in accordance with your expectations in keeping your account secure.

If you consider that your system was not affected we kindly ask you to contact security@bitstamp.net to re-enable the withdrawal function on your account.

Please be advised that Bitstamp will never ask you to reveal your passw ord.

Thank you for your understanding.

Best regards,
Bitstamp Team

[surfer43]

The thing I don't understand is how can you "regulate" Bitcoin?

[TheKoziTwo]

Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.

Did you make that deposit today and got it in instantly?

Yes I made this today and it should arrive tomorrow based on my previous transactions. It takes about 1 business day for money to arrive.

Well done. You will probably buy more than 500 BTC with that amount.. If Gox can pull their shit together you will be looking at a huge instant profit.

In other news: my concern is not Gox being insolvent "because they lost the coins". My concerns is they are in VERY deep shit for various reasons and funds might be stuck in there for very long.

EUR withdrawals still worked you say? Only smallish ones and VERY slowly. When it takes 6 weeks to process a fiat withdrawal, then something VERY bad is happening. I mean... If I tell to my bank to do a 300k transfer, they do it immediately, and in max. 2/3 days the money arrives to the account where I sent it. If they have to wait WEEKS to be able to send the money, then there is a serious problem somewhere. They won't tell us what is the problem and they make up BS excuses about their "huge volume" overwhelming the banks. In my book, that's very worrying.

From what I understand their bank account has limits of say 200k EUR per day. That means waiting queue. They may be incompetent dealing with the legal issues, (e.g 5m USD frozen in US) and are stuck with these low limit bank accounts. I can see mtgox slowly losing it's market share due to their inability to take care of these issues, but as long as they're not arrested (and I do realize this is a risk so I try to limit my exposure to any exchanges) they will keep pumping funds out slowly, but surely imo. Long story short I don't believe Mark has some evil masterplan to run off with all the btc, nor do I believe they are insolvent. They just can't deal with the "real world".

I am of this opinion as well.  I think incompetence is driving this situation more than anything else.

Please care to explain how do you see the difference ?

From outside, just no way, same symptom for both
Don't get me wrong it's my bet also but before more information both are correct working hypothesis

As a 2011 kid I've seen gox incompetence for years. It's nothing new and this is just another chapter in the book of gox. Newbies don't see the difference because they don't know the history. It's like they open the last chapter in the book and at that point it has turned really ugly, but they need to have read the whole book to get a full picture of why things are looking so ugly.

[molecular]

CCMF!!!

CHEAP COINS MOOOOOFOOOOS!


 


Still need more fear. We are 300-350$ ABOVE capitulation.

on gox?

[KeyserSoze]

Wasn't Full Tilt forced into insolvency by seizures and banks reversing transfers and refusing to do business with them because regulators?

I didn't follow the whole story but I played there and when I would add funds with a credit card the charges would always be for some random dummy company like Frank's Florist or something. I guess they did this because it was known credit companies didn't want to work with gambling houses. Then they went through a period where even that trick didn't work. Then they were shut down altogether but I had little in there at the time, maybe $100.

Not too many months ago I got an email that in order to get my money back I had to abode by some settlement, go to a web site, enter all my deets including Social Security. I wrote back to them and said, "you gotta be kidding. You closed them down for being a scam and now you want me to go to their site and give them my social security number and deets? Either just send me a check or keep the $100 and fuck you by the way." I suppose I don't have to say I haven't received anything yet.