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

[ChartBuddy]

Explanation

[Walsoraj]

Bitstamp criminals have only 3 days left to buy BTC and GTFO before money is seized.

https://www.facebook.com/Bitstamp/posts/670469009737035

Is it even possible to withdraw btc from unverified accounts?

It's not possible, therefore:

They can't withdraw fiat without supplying a bank account. It's less risky to fake ID and then simply withdraw BTC.

Or convert to fiat and hold on Stamp until inevitable crash in 3 days. Then buy cheap btc and withdraw.

[NotLambchop]

...
It's less risky to fake ID and then simply withdraw BTC.

Fake ID?  Impossible!  Because at an angle

...
It's not that easy to do, bitstamp needs pics of your ID, you holding them, and notarised copies of everything with the pics of notarised copies taken at an angle...

[billyjoeallen]

LOL there's 539 coins total for sale on the Huobi order book. They are out of bitcoins to dump! This short squeeze is going to be epic.

[empowering]

LOL there's 539 coins total for sale on the Huobi order book. They are out of bitcoins to dump! This short squeeze is going to be epic.

3000 now

[JorgeStolfi]

LOL there's 539 coins total for sale on the Huobi order book. They are out of bitcoins to dump! This short squeeze is going to be epic.

3000 now

Order books on some chart sites (such as BitcoinWisdom) are truncated after a certain number of entries.  Robots spam the order books of Huobi and OKCoin with zillions of small orders, so the books are often truncated at shallow depths.

This trunctation is very confusing to traders who are not aware of it.  The sites should print "..." or some other indication that the order books are truncated.

[prophetx]

Bitstamp criminals have only 3 days left to buy BTC and GTFO before money is seized.

https://www.facebook.com/Bitstamp/posts/670469009737035

Is it even possible to withdraw btc from unverified accounts?

It's not possible, therefore:

They can't withdraw fiat without supplying a bank account. It's less risky to fake ID and then simply withdraw BTC.

Or convert to fiat and hold on Stamp until inevitable crash in 3 days. Then buy cheap btc and withdraw.

folks people have known about this for 1 year now.  any half smart criminal would have done this long, long ago.  or like during that 30 day period last year when one could still withdraw without even providing an ID.

use your common sense ...

[Walsoraj]

Bitstamp criminals have only 3 days left to buy BTC and GTFO before money is seized.

https://www.facebook.com/Bitstamp/posts/670469009737035

Is it even possible to withdraw btc from unverified accounts?

It's not possible, therefore:

They can't withdraw fiat without supplying a bank account. It's less risky to fake ID and then simply withdraw BTC.

Or convert to fiat and hold on Stamp until inevitable crash in 3 days. Then buy cheap btc and withdraw.

folks people have known about this for 1 year now.  any half smart criminal would have done this long, long ago.  or like during that 30 day period last year when one could still withdraw without even providing an ID.

use your common sense ...

They knew that verification was required to withdraw and to avoid forfeiture?

[dreamspark]

Bitstamp criminals have only 3 days left to buy BTC and GTFO before money is seized.

https://www.facebook.com/Bitstamp/posts/670469009737035

Is it even possible to withdraw btc from unverified accounts?

It's not possible, therefore:

They can't withdraw fiat without supplying a bank account. It's less risky to fake ID and then simply withdraw BTC.

Or convert to fiat and hold on Stamp until inevitable crash in 3 days. Then buy cheap btc and withdraw.

folks people have known about this for 1 year now.  any half smart criminal would have done this long, long ago.  or like during that 30 day period last year when one could still withdraw without even providing an ID.

use your common sense ...

They knew that verification was required to withdraw and to avoid forfeiture?

Did they think Stamp were just gonna turn round at some point and be like "Ok, no verification required anymore"? How else do you get your usd or btc back without withdrawing?

[Thomas-s]

http://www.paymentssource.com/news/merchant-acquiring/ncr-broadens-bitcoin-reach-via-ncr-silver-support-3019664-1.html

[Walsoraj]

Bitstamp criminals have only 3 days left to buy BTC and GTFO before money is seized.

https://www.facebook.com/Bitstamp/posts/670469009737035

Is it even possible to withdraw btc from unverified accounts?

It's not possible, therefore:

They can't withdraw fiat without supplying a bank account. It's less risky to fake ID and then simply withdraw BTC.

Or convert to fiat and hold on Stamp until inevitable crash in 3 days. Then buy cheap btc and withdraw.

folks people have known about this for 1 year now.  any half smart criminal would have done this long, long ago.  or like during that 30 day period last year when one could still withdraw without even providing an ID.

use your common sense ...

They knew that verification was required to withdraw and to avoid forfeiture?

Did they think Stamp were just gonna turn round at some point and be like "Ok, no verification required anymore"? How else do you get your usd or btc back without withdrawing?

The second part about forfeiture of funds may have surprised some.

[prophetx]

Bitstamp criminals have only 3 days left to buy BTC and GTFO before money is seized.

https://www.facebook.com/Bitstamp/posts/670469009737035

Is it even possible to withdraw btc from unverified accounts?

It's not possible, therefore:

They can't withdraw fiat without supplying a bank account. It's less risky to fake ID and then simply withdraw BTC.

Or convert to fiat and hold on Stamp until inevitable crash in 3 days. Then buy cheap btc and withdraw.

folks people have known about this for 1 year now.  any half smart criminal would have done this long, long ago.  or like during that 30 day period last year when one could still withdraw without even providing an ID.

use your common sense ...

They knew that verification was required to withdraw and to avoid forfeiture?

knowing that verification is required is de facto forfeiture, when one does not verify

basic logic

[prophetx]

but hey then again there are some very stupid people in the world, and anyone who is keeping massive amounts of money from criminal enterprise on an exchange can't be too bright...

[Walsoraj]

Bitstamp criminals have only 3 days left to buy BTC and GTFO before money is seized.

https://www.facebook.com/Bitstamp/posts/670469009737035

Is it even possible to withdraw btc from unverified accounts?

It's not possible, therefore:

They can't withdraw fiat without supplying a bank account. It's less risky to fake ID and then simply withdraw BTC.

Or convert to fiat and hold on Stamp until inevitable crash in 3 days. Then buy cheap btc and withdraw.

folks people have known about this for 1 year now.  any half smart criminal would have done this long, long ago.  or like during that 30 day period last year when one could still withdraw without even providing an ID.

use your common sense ...

They knew that verification was required to withdraw and to avoid forfeiture?

knowing that verification is required is de facto forfeiture, when one does not verify

basic logic

I'm talking about the announced deadline, "verify by __ or lose your funds." Traders knew that announcement was coming for a year now?

[ChartBuddy]

Explanation

[grappa_barricata]

I'm talking about the announced deadline, "verify by __ or lose your funds." Traders knew that announcement was coming for a year now?

Exactly, plus why verification is required for BTC withdrawal? This is just bitstamp applying violence to their users because it can

[prophetx]

Bitstamp criminals have only 3 days left to buy BTC and GTFO before money is seized.

https://www.facebook.com/Bitstamp/posts/670469009737035

Is it even possible to withdraw btc from unverified accounts?

It's not possible, therefore:

They can't withdraw fiat without supplying a bank account. It's less risky to fake ID and then simply withdraw BTC.

Or convert to fiat and hold on Stamp until inevitable crash in 3 days. Then buy cheap btc and withdraw.

folks people have known about this for 1 year now.  any half smart criminal would have done this long, long ago.  or like during that 30 day period last year when one could still withdraw without even providing an ID.

use your common sense ...

They knew that verification was required to withdraw and to avoid forfeiture?

knowing that verification is required is de facto forfeiture, when one does not verify

basic logic

I'm talking about the announced deadline, "verify by __ or lose your funds." Traders knew that announcement was coming for a year now?

i cannot guess at the intelligence of anonymous individuals and their ability to apply basic logic.

those funds are lost if they cannot provide an ID, and if they get caught with a fake those funds are also lost.... that has been known for 1 year or so.

if not verified, funds are lost. period.  basic logic.  being able to withdraw without ID lasted until end of sept or octo 2013 right before the SR take down....

you really think someone is going to trade on an account they cannot withdraw funds from?  at best they sell it to someone else at a discount and they try to get the funds out and take the risk.

[grappa_barricata]

i cannot guess at the intelligence of anonymous individuals and their ability to apply basic logic.
those funds are lost if they cannot provide an ID, and if they get caught with a fake those funds are also lost.... that has been known for 1 year or so.
if not verified, funds are lost. period.  basic logic.  being able to withdraw without ID lasted until end of sept or octo 2013 right before the SR take down....
you really think someone is going to trade on an account they cannot withdraw funds from?  at best they sell it to someone else at a discount and they try to get the funds out and take the risk.

What if you are one of their clients, and then suddenly they tell you that you have N days to provide document X or your funds are lost (that's right, not blocked until you provide the document, just fucking lost). Then they proceed to justify this action with a reference to a blog post of a year ago...

[hdbuck]

so is everybody expecting a crash here?

[btcney]

so is everybody expecting a crash here?

Hell no.