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

[ensurance982]

Bitstamp aka bearstamp aka manipulation central seems to be the only exchange without huge bid walls.

Go figure.

Why would they need huge bid walls when they've got ask walls? 
I'm quite surprised, we've actually accomplished to go above $590 again. But hey, tomorrow's dump-friday, so don't get yourselves too comfortable up here!

[Walsoraj]

https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?

That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria

To my knowledge, there's no evidence for the statement that Raiffeisen will "replace" Unicredit Slovenia. On my own account, I'm still transferring fiat to Unicredit. To me it looks more like they're teaming up with a second bank, perhaps as a safeguard measure. Nope. Looks like I'm Raiffeisen as well now. Maybe there's something to it, and they're being dumped by Unicredit. Would really prefer if someone from Bitstamp would address this change of banks openly.

Get your fiat out while you still can.

[ChartBuddy]

Explanation

[abercrombie]

wonder if this is a payday rally.  i get my payday via ACH tonight, most by Friday morning.

[ImI]

Not too bad of a day so far for both BTC and LTC...it would be nice to see both build back a little momentum

LTC will go nowhere imo. Maybe shortterm, but longterm its dead.

[fallinglantern]

wonder if this is a payday rally.  i get my payday via ACH tonight, most by Friday morning.

ah, but funding to exchanges isn't instantaneous. I'm still waiting for fiat to arrive at the exchange.

[Chalkbot]

wonder if this is a payday rally.  i get my payday via ACH tonight, most by Friday morning.

ah, but funding to exchanges isn't instantaneous. I'm still waiting for fiat to arrive at the exchange.

Unless it's Circle. Then it is instantaneous.

[HerrAndreas]

https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?

That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria

To my knowledge, there's no evidence for the statement that Raiffeisen will "replace" Unicredit Slovenia. On my own account, I'm still transferring fiat to Unicredit. To me it looks more like they're teaming up with a second bank, perhaps as a safeguard measure. Nope. Looks like I'm Raiffeisen as well now. Maybe there's something to it, and they're being dumped by Unicredit. Would really prefer if someone from Bitstamp would address this change of banks openly.

Get your fiat out while you still can.

Sure an official bitstamp statement is needed most in a situation like this, but I don´t see any reason to panic.
...and I was in no way implying that anything fishy was going on.
You don´t need to be a bad person or company to want to do business with someone living in a country the US does not like (greetings to my friends in russia and ukraine (both parts) btw!).

-and unicredit is anyway not really the best bank around (anyone remember the times when stamp deposits got frozen on the way in until you answered those lovely questions? If that did not come from unicredit and their fear of US regulations...)...

[hdbuck]

Not too bad of a day so far for both BTC and LTC...it would be nice to see both build back a little momentum

LTC will go nowhere imo. Maybe shortterm, but longterm its dead.

could be. although it could also be quite amusing to see the inflow of bitcoin noobs getting on board at the next bubble and having that great idea to also buy some "bitcoin's silver"..  

[mmitech]

https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?

That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria

To my knowledge, there's no evidence for the statement that Raiffeisen will "replace" Unicredit Slovenia. On my own account, I'm still transferring fiat to Unicredit. To me it looks more like they're teaming up with a second bank, perhaps as a safeguard measure. Nope. Looks like I'm Raiffeisen as well now. Maybe there's something to it, and they're being dumped by Unicredit. Would really prefer if someone from Bitstamp would address this change of banks openly.

they changed it for me as well, what a disappointment, I use Unicredit bank as my personal bank and all transactions to/from bitstamp are proceeded the same day at max the next day, even Nejc doesn't seem to answer to my messages anymore, I've heard that he is no longer living in Slovenia, someone told me he lives in the Netherlands (I cant confirm I didnt talk to him for months). although the offices of bitstamp seems to be still here in Slovenia...




 

[HerrAndreas]

...

But haven't they operated on an EU licence all along (a German one if I remember correctly). They are located in eastern Europe or England, aren't they?? I guess there are sill enough bitcoin-friendly or at least bitcoin-tolerating banks in the EU they can choose!

As far as I know they are registered in the UK and are operating out of Slovenia (which is less eastern and more southern from my point of view;).
My personal guess is btw that unicredit, well...just was unicredit, they lost already a bunch of customers (including myself and some friends company accounts) due to a wonderful combination of arrogance and incompetence and high fees.

[Walsoraj]

Writing is on the wall. Get out now. Eventually fiat withdrawals will stop. Coinbase won't be an option by that time, as they rely on Stamp.

[Dump3er]

Writing is on the wall. Get out now. Eventually fiat withdrawals will stop. Coinbase won't be an option by that time, as they rely on Stamp.

God dam good FUDster! Respect!

[gotmilk_]

https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?

That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria

To my knowledge, there's no evidence for the statement that Raiffeisen will "replace" Unicredit Slovenia. On my own account, I'm still transferring fiat to Unicredit. To me it looks more like they're teaming up with a second bank, perhaps as a safeguard measure. Nope. Looks like I'm Raiffeisen as well now. Maybe there's something to it, and they're being dumped by Unicredit. Would really prefer if someone from Bitstamp would address this change of banks openly.

they changed it for me as well, what a disappointment, I use Unicredit bank as my personal bank and all transactions to/from bitstamp are proceeded the same day at max the next day, even Nejc doesn't seem to answer to my messages anymore, I've heard that he is no longer living in Slovenia, someone told me he lives in the Netherlands (I cant confirm I didnt talk to him for months). although the offices of bitstamp seems to be still here in Slovenia...

I'm really glad they changed the bank! Unicredit is a shity bank who is afraid of crypto. Exemple: my company had business account at unicredit for 3 months and then i got a call that i need to close it down because my company has a crypto related business...

+ Raiffeisen is way more stable bank as Unicredit Slovenia.

[mmitech]

https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?

That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria

To my knowledge, there's no evidence for the statement that Raiffeisen will "replace" Unicredit Slovenia. On my own account, I'm still transferring fiat to Unicredit. To me it looks more like they're teaming up with a second bank, perhaps as a safeguard measure. Nope. Looks like I'm Raiffeisen as well now. Maybe there's something to it, and they're being dumped by Unicredit. Would really prefer if someone from Bitstamp would address this change of banks openly.

they changed it for me as well, what a disappointment, I use Unicredit bank as my personal bank and all transactions to/from bitstamp are proceeded the same day at max the next day, even Nejc doesn't seem to answer to my messages anymore, I've heard that he is no longer living in Slovenia, someone told me he lives in the Netherlands (I cant confirm I didnt talk to him for months). although the offices of bitstamp seems to be still here in Slovenia...


https://i.imgur.com/go7ZrmX.png

I'm really glad they changed the bank! Unicredit is a shity bank who is afraid of crypto. Exemple: my company had business account at unicredit for 3 months and then i got a call that i need to close it down because my company has a crypto related business...

+ Raiffeisen is way more stable bank as Unicredit Slovenia.

it works for me and it worked for them perfectly for 3 years, so I am really curious what is behind this change....  

[keithers]

Writing is on the wall. Get out now. Eventually fiat withdrawals will stop. Coinbase won't be an option by that time, as they rely on Stamp.

I think it is only a matter of time before one of the large banks (i.e. Wells Fargo, Chase, etc.), takes the jump and starts openly supporting BTC.

They are considering it believe me...my financial advisor is good friends with one of the higher money managers over at Wells, and he showed me the internal memo with their research on BTC...they are all closely watching the development and adoption

[MoreFun]

https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?

That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria

To my knowledge, there's no evidence for the statement that Raiffeisen will "replace" Unicredit Slovenia. On my own account, I'm still transferring fiat to Unicredit. To me it looks more like they're teaming up with a second bank, perhaps as a safeguard measure. Nope. Looks like I'm Raiffeisen as well now. Maybe there's something to it, and they're being dumped by Unicredit. Would really prefer if someone from Bitstamp would address this change of banks openly.

they changed it for me as well, what a disappointment, I use Unicredit bank as my personal bank and all transactions to/from bitstamp are proceeded the same day at max the next day, even Nejc doesn't seem to answer to my messages anymore, I've heard that he is no longer living in Slovenia, someone told me he lives in the Netherlands (I cant confirm I didnt talk to him for months). although the offices of bitstamp seems to be still here in Slovenia...

I'm really glad they changed the bank! Unicredit is a shity bank who is afraid of crypto. Exemple: my company had business account at unicredit for 3 months and then i got a call that i need to close it down because my company has a crypto related business...

+ Raiffeisen is way more stable bank as Unicredit Slovenia.

IIRC they have / had personal connections with the bank high employees and I can't see a problem, all these are just FUDsters spreading their shit. They said they still have both banks and it's rather good than bad.

[Walsoraj]

^ They don't have both banks if only one accepts deposits.

[beetcoin]

Not too bad of a day so far for both BTC and LTC...it would be nice to see both build back a little momentum

LTC will go nowhere imo. Maybe shortterm, but longterm its dead.

it's likely you are right, but so far LTC is the best after bitcoin. in the future, if bitcoin becomes more mainstream and all the transactions slow down the blockchain, i could see litecoin building some steam.

[BBmodBB]

Not too bad of a day so far for both BTC and LTC...it would be nice to see both build back a little momentum

LTC will go nowhere imo. Maybe shortterm, but longterm its dead.

it's likely you are right, but so far LTC is the best after bitcoin. in the future, if bitcoin becomes more mainstream and all the transactions slow down the blockchain, i could see litecoin building some steam.

bwaaaahahahah     ^ i just laughed at that