The rise has stopped..

[spazzdla]

Opinions..?  We've stopped at 580... Roomers about inc heavey BTC drop because bitstamp is insolvent..? 

A BTC run up before the bottom falls out?
The next BTC bubble?

[GoofyUK]

Opinions..?  We've stopped at 580... Roomers about inc heavey BTC drop because bitstamp is insolvent..? 

A BTC run up before the bottom falls out?
The next BTC bubble?

chill. people were asleep and some have to go to work

to the moon later tonight!

[bassclef]

Err Bitstamp is not insolvent.

It's a Memorial Day in the US, major holiday.

Also, what's a roomer?

[spazzdla]

Err Bitstamp is not insolvent.

It's a Memorial Day in the US, major holiday.

Also, what's a roomer?

A great way to detect assholes.

[pinksheep]

Can someone tell me where these rumours about Bitstamp being insolvent came from & is there even a remote possibility that it's true?

[bananaControl]

It's a Memorial Day in the US, major holiday.

Do they have a Bankers who Jumped Day as well?

[spazzdla]

Can someone tell me where these rumours about Bitstamp being insolvent came from & is there even a remote possibility that it's true?

Not sure and not sure... lol.

I am bored at work...  we need more pictures in the memespeculation thread.

[escrow.ms]

Bitstamp is at 585$ now, High: 593.
Price is just fluctuating.

[dreamspark]

Can someone tell me where these rumours about Bitstamp being insolvent came from & is there even a remote possibility that it's true?

There are zero reasons to assume Bitstamp is insolvent.

What is happening though is a rather over zealous KYC/AML policy which asks rather probing questions such as proof of funds. This in itself is not a problem IF its in the TOS and people can expect it.

Whats not okay is people selling coins thinking they are verified (it even tells you on your account you are verified) and then having their funds held hostage until they pass all the procedures.

Overall its just about making things clearer but they are likely just covering their ass. Naturally people jump way far ahead of themselves and start making wild presumptions.

[RodeoX]

Opinions..?  We've stopped at 580... Roomers about inc heavey BTC drop because bitstamp is insolvent..? 

A BTC run up before the bottom falls out?
The next BTC bubble?

As long as we are daydreaming, I'm going with... A new Chinese double secret ban! 

[klee]

Can someone tell me where these rumours about Bitstamp being insolvent came from & is there even a remote possibility that it's true?

Out of trolls asses..

[spazzdla]

Opinions..?  We've stopped at 580... Roomers about inc heavey BTC drop because bitstamp is insolvent..? 

A BTC run up before the bottom falls out?
The next BTC bubble?

As long as we are daydreaming, I'm going with... A new Chinese double secret ban! 

Excellent just the ideas I was hoping to read!

[rhino34567]

What caused the rise in the first place, if anybody knows? I would expect a gradual and slow one, but this one was mostly sudden and unexpected.

[manrus]

The main pumper stop buying btc

[spazzdla]

What caused the rise in the first place, if anybody knows? I would expect a gradual and slow one, but this one was mostly sudden and unexpected.

Throw in some speculation about the rise!! Come one now!  Area 51 needing BTC to pay off Aliens that were going to take out NYC if we didn't! 

STORIES! I NEED THEM.

[Wandererfromthenorth]

Two days ago price didn't move, it was more stable than right now. Then it skyrocketed.

Also. Bitstamp is not insolvent
When I'll hear about cases of withdrawals actually not going through we will have something to talk about. for now it's FUD.

[T.Stuart]

Can someone tell me where these rumours about Bitstamp being insolvent came from & is there even a remote possibility that it's true?

There are zero reasons to assume Bitstamp is insolvent.

What is happening though is a rather over zealous KYC/AML policy which asks rather probing questions such as proof of funds. This in itself is not a problem IF its in the TOS and people can expect it.

Whats not okay is people selling coins thinking they are verified (it even tells you on your account you are verified) and then having their funds held hostage until they pass all the procedures.

Overall its just about making things clearer but they are likely just covering their ass. Naturally people jump way far ahead of themselves and start making wild presumptions.

Their policies have been in place for ages. Noobs join Bitstamp and then freak out and post on here in a panic.

Even if you are fully verified big transfers need explaining. This has been the case for ages.

This is a new unregulated environment. Regulation is coming. Bitstamp don't want to get in trouble so they might be going a little far with the KYC but what else would you expect from people churning over millions of dollars every day taking a prudent approach in an unregulated-soon-to-be-regulated environment?

[jcoin200]

Price went up last week, dropped 2-3% then kept rising. Your crazy to think the price has stalled

[dreamspark]

Their policies have been in place for ages. Noobs join Bitstamp and then freak out and post on here in a panic.

Even if you are fully verified big transfers need explaining. This has been the case for ages.

This is a new unregulated environment. Regulation is coming. Bitstamp don't want to get in trouble so they might be going a little far with the KYC but what else would you expect from people churning over millions of dollars every day taking a prudent approach in an unregulated-soon-to-be-regulated environment?

Yes their general questionnaire has but this is new so slightly different and nothing like anything else any other broker in the world would do. Asking for proof of funds including signing of personal Bitcoin addresses is imo too far and totally unnecessary particularly with you only finding out about them after you have sold. People can have a variety of legitimate reasons for not wanting to send bank statements and other personal docs to Stamp. Just look at adobe and ebay for examples, in fact just look at gox. There is plenty of reasons to not want to go through that procedure, which until they cite some sort of law or guidelines is them stabbing in the dark at what is really required.

[MatTheCat]

Yes their general questionnaire has but this is new so slightly different and nothing like anything else any other broker in the world would do. Asking for proof of funds including signing of personal Bitcoin addresses is imo too far and totally unnecessary particularly with you only finding out about them after you have sold. People can have a variety of legitimate reasons for not wanting to send bank statements and other personal docs to Stamp. Just look at adobe and ebay for examples, in fact just look at gox. There is plenty of reasons to not want to go through that procedure, which until they cite some sort of law or guidelines is them stabbing in the dark at what is really required.

This^^

I have sent my last funds to Bitstamp ever I think, I still have several K in their which I will use for trading Bitcoin but this is a third or even quarter of the amount that I would otherwise have in Bitcoin. Last time I tried to send funds to Stamp, I got hit with all their bullshit and I told them to ram it. Bet lots of other people have done as well and I bet Stamp is playing a prominent role in restricting funds into Bitcoin.......

.......or perhaps Bitstamp are now only interested in BIG customers and are slowly discouraging the smaller players away?