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

[Raystonn]

Fascinating.  There and gone.  Thomas, what do you know?

[N12]

Fascinating.  There and gone.  Thomas, what do you know?

Still there. Tick tock, stamp criminals. 28 days, and the price gets steeper every day!

[JayJuanGee]

What if tomorrow there are <10k BTC in asks because the criminals and anarchists all withdrew?

I am NOT sure if I understand this situation sufficiently in layman's terms. 

Does the Bitstamp announcement mean that after 28 days, everyone participating with Bitstamp will have verified accounts? 

And before the 28 days are concluded, Bitstamp account holders can withdraw their funds from Bitstamp or do those accounts just get frozen (seized) in the event that the accounts do NOT get verified?  I was of the expectation that funds could NOT be withdrawn from non-verified Bitstamp accounts, is that not correct?

[edwardspitz]

Fascinating.  There and gone.  Thomas, what do you know?

Maybe it was a market buy that should have been a market sell 

[N12]

I am NOT sure if I understand this situation sufficiently in layman's terms. 

Does the Bitstamp announcement mean that after 28 days, everyone participating with Bitstamp will have verified accounts? 

And before the 28 days are concluded, Bitstamp account holders can withdraw their funds from Bitstamp or do those accounts just get frozen (seized) in the event that the accounts do NOT get verified?  I was of the expectation that funds could NOT be withdrawn from non-verified Bitstamp accounts, is that not correct?

I don't know, it just sounds good. Facts aren't really important when it's perception that creates reality.



May or may not be bull FUD.

[Flatulenters]

Huobi bids just got interesting.

WTF. Front running the Bitstamp criminals? Are the Chinese that cunning?

don't underestimate the triads 

[YogoH]

Huobi is STILL stacking up the green. 

[adamstgBit]

What if tomorrow there are <10k BTC in asks because the criminals and anarchists all withdrew?

I am NOT sure if I understand this situation sufficiently in layman's terms. 

Does the Bitstamp announcement mean that after 28 days, everyone participating with Bitstamp will have verified accounts? 

And before the 28 days are concluded, Bitstamp account holders can withdraw their funds from Bitstamp or do those accounts just get frozen (seized) in the event that the accounts do NOT get verified?  I was of the expectation that funds could NOT be withdrawn from non-verified Bitstamp accounts, is that not correct?

so many questions, so little time.

someone said it use to be you had to be verified to withdraw even bitcoin, but not anymore ( i guess they wanted to cover their ass while the laws we're clear )

[N12]

Look at it this way: If you create enough FUD, you can make the criminals believe that they need to be in BTC and thus that they need to convert all fiat balances. Whether or not they can withdraw is only secondary to the topic of price. Never forget, perception makes reality, that's the reason why companies spend shittons on marketing.

Convert to BTC or enjoy getting all your illegal money collected by the state!

[adamstgBit]

someone said it use to be you had to be verified to withdraw even bitcoin, but not anymore ( i guess they wanted to cover their ass while the laws we're clear )

in any case its probably a lot easier to send in some fake ID to get verified at stamps and withdraw bitcoin then it is to fake a bank account and withdraw fiat.

[hyphymikey]

Bitstamp bears looking at Huobi like ".....fuck"

[N12]

someone said it use to be you had to be verified to withdraw even bitcoin, but not anymore ( i guess they wanted to cover their ass while the laws we're clear )

in any case its probably a lot easier to send in some fake ID to get verified at stamps and withdraw bitcoin then it is to fake a bank account and withdraw fiat.

Good point. BTC is the criminal's first choice in either case.

BTW, what if a lot of the downwards pressure has come from stolen MtGox coins being sold off? If that was the case, wouldn't it cease now?

[JayJuanGee]

What if the 30k bearwhale wasn't even verified? What's he going to do with all this useless Bitstamp IOU fiat?

Yeah, what if?       Do those questions fit the definition of FUD or acceptable speculations?  inference upon inference upon inference?  OMG?   

It's about time someone take it into his hands to combat the Shroomsy FUD by posting some good bullish FUD.

You better watch out, because some posters here believe that bulltrolls are the same as beartrolls (merely opposites)...   

You may subscribe to that same belief, since you are striving to balance out the doggie-bird, but I would argue that the birdie-dog cannot be balanced.. NO matter what you attempt the doggie-bird will find a way, by hook or by crook, to undermine you. 

[YogoH]

I don't think there is as many criminals on stamp as you think.  If you were a criminal where would you sell?

BTC-E and local bitcoins are probably best. I dont think many criminals are hoarding much coin either as they have expenses to pay, unless they got lucky on the run up. I suspect most criminals aren't into BTC for the technology but rather the means of payment. The last 6 months has probably had most of them running for the hills

[YogoH]

Also, it looks like that wall is real

[N12]

You better watch out, because some posters here believe that bulltrolls are the same as beartrolls (merely opposites)...   

It's definitely not the same thing. If I post highly speculative stuff that is bearish, usually I'll get insulted left and right. If I do it in bullish, noone will give a shit and some will approve.

I don't think there is as many criminals on stamp as you think.  If you were a criminal where would you sell?

BTC-E and local bitcoins are probably best. I dont think many criminals are hoarding much coin either as they have expenses to pay, unless they got lucky on the run up. I suspect most criminals aren't into BTC for the technology but rather the means of payment. The last 6 months has probably had most of them running for the hills

Yes, I'm sure BTC-E is the preferred avenue. I don't know how many funds on Bitstamp the criminals control, but the criminals themselves don't know that either, and neither do the other buyers who may wish to front run them. See what I'm getting at?

[JayJuanGee]

what if there is 10,000 unverified account each with and avg of 1000$ that need to be withdrawn in BTC  

They've stated these accounts are all a year or more old.  Want to restate your guess on average balance?

Bitstamp already said that the account balances were NOT very big... so the average would probably be lower than $1,000, no? and maybe even fewer than 10k accounts..

I would speculate (since this is a speculation forum) $666 average and fewer than 666 accounts... just a random speculation.

[N12]

Don't forget that Bitstamp may be lying in their press releases (and even fudging internal numbers) so that regulators don't get alerted.

[JayJuanGee]

So you come up with something that doesn't apply here, you can't explain how it applies here (again because it doesn't), I explain as best as I can that in light of that fallacy, we are talking about trolls in general, you ignore my explanation and blatantly refuse to address it, and continue to call me names and ask the same question I already answered. After all that, you still have the balls to call me the troll.

The irony.

I only called you a troll in my last post because of your ongoing demonstration that you are NOT cooperating, and you merely have been making assertions without backing them up and then attempting to put the burden on me, when I made NO assertion beyond just requesting that you back up your assertion, which to date, you have failed and/or refused to do.... seems to fit the definition of troll.

[dannyspk]

I got an email from Bitstamp earlier during the evening to get my account verified or they will seize it. I logged on Bitstamp after 7 months and I had $2 in it. I, hereby, allow Bitstamp to hand it over to whoever the fuck they will hand over to.