Topic: Bitstamp is the Next Gox and why Bitcoin will be at $300 soon - page 3. (Read 9530 times)

COSMOFLY DID YOU NOTICE WHAT´S ACTUALLY GOIN ON WITH BITSTAMP. MAYBE ANOTHER ONE OF YOUR PREDICTIONS BECOMES TRUE AND BITSTAMP IS REALLY THE NEXT MTGOX?

Because no more speculations  from the manufacturer mining harfware.
Mining factor is so low, 4.7 cents per GH at 24h !

Well, the real question to ask is why Bitcoin should be any higher than it was last October, when it was around $100.

The big run-up was due to the China bubble. For a few months, people in China could easily buy Bitcoins on line with yuan and sell them outside China for dollars or euros. That provided a cheap, easy, online way to bypass China's exchange controls. (Chinese citizens are not allowed to simply trade yuan for dollars or euros.) Then the People's Bank of China cracked down, the China bubble collapsed, and the exchanges in China are very slow or closed. (As one person from China points out on here, nobody even talks about Bitcoins on QQ any more.)

So that's over. The question to ask is, what else makes Bitcoins worth 5x what they were six months ago?  "Overstock.com" accepting them? A few Bitcoin ATMs? Higher mining costs?

I think that's pretty obvious.  More people are in possession of a coin, or fraction thereof, than there were a year ago.  It really wouldn't take that many people, each buying a single coin, to cause an uptick in price.

Well, the real question to ask is why Bitcoin should be any higher than it was last October, when it was around $100.

Sooo...are we at $300 yet?

Do you know what kind of volume triggers additional KYC questions?

As i previously predicted, the markets have become 100% manipulated. Look at the pathetic volumes in the past few days why do you think ? That's because all the money from the peasants has been depleted. The Manipulation especially by chinese manipulators has been so severe it bankrupted a large number of new & existing Bitcoin investors. Notice how Bitcoin wasn't really allowed to bottom out, instead they kept playing the market forcing peasants (ie all of u here) to buy expensive bitcoin at $550-$700 so they can sell it to u.

The manipulation WILL continue until there is 0 new peasant money coming in, we might see more price swing upwards but ultimately we are going down to the real bottom at $300 or less. As i also stated earlier, the Gox fiasco is massive even if no one here cares about it, the real world is outside this forum. Every single day in the news there is something bad about Bitcoin, the media officially labeled it as a fraud and this will take atleast 1 year to recover. Like it or not Gox has ruined Bitcoin's image for a while, ontop of that every single day there is news of some bitcoin bank or service getting hacked.

I have been right so far, and most importantly Bitstamp is about to shutdown in the coming months Gox style, look at the signs:


1. Bistamp BTC withdrawals have siginficantly slowed down, before it would take 30min now takes up to 24 hours
2. Just take a look at the service discussion and reddit, you will see just how bad fiat withrawals have become
3. It takes weeks to get a withdrawal processed, especially if in large amounts
4. Bitstamp has been harassing users with pathetic unrequired questions about their personal life when asking to withdraw. This makes people think twice before withdrawing fiat
5. Bitstamp is introducing severe KYC procedure, even my Charles swab account doesn't ask me for so many documents and stupid personal questions. This is nothing but a delay tactic to cover for their losses
6. Don't forget that bitstamp shutdown btc withdrawals for an entire week just recently, this was actually because a large number of bitcoins were stolen but they haven't admitted it yet.
7. Endless complaints by bitstamp users, very similar to the months before gox collapsed

Good luck everyone

"firestartr.co" is not an auditor. They're a startup incubator.

This is a little better than Roger Ver's video about his examination of Mt. Gox's accounts. But it's not an audit. It's not even a financial statement.

Can you copy your KYC questions here. Mine were about 8 questions. I answered them and then my withdrawal was processed the next day.

I was having many problems withdrawing btc and fiat from bitstamp.  I repeatedly entered the amount of bitcoin or fiat that I wanted withdrawn.  This went on for around 10 days with sporadic responses from my daily customer support tickets.  I always confirmed the withdrawal by clicking on the link within the confirming email, and did it right after I received the email. The request always showed "canceled" after one hour.  Finally, someone from bitstamp support suggested that I use the same browser when making the withdrawal through the bitstamp website and when I click the link within my confirming email.  The email address I use is my work email which is on the cloud.  I get on the internet outside of the cloud.  I went on the bitstamp website within the cloud, made the withdrawal request, went to my email within the cloud and clicked the link within the confirming email and I now see that the withdrawal is being processed.  When I withdrew btc in the past I did not have to do this, but apparently you do now.  So try staying within the same browser when confirming your withdrawal. 

I have not received the funds yet.  If I don't I will update.  Good luck