What makes someone like you tick?
Topic: Bitstamp is the Next Gox and why Bitcoin will be at $300 soon - page 4. (Read 9530 times)
Have we hit $300 yet? Need moar coins!
There was an AUDIT from a third party company, they went to check the solvency and transparency of Bitstamp, this are the results:
STATEMENT REGARDING RECENT THIRD PARTY AUDIT REPORT
Dear Bitstamp clients,
On November 22nd and 23rd, 2013 an on site due diligence was carried out in respect of Bitstamp Ltd. on behalf of a 3rd party.
Bitstamp’s balance of BTC was validated by temporarily creating the largest single Bitcoin wallet and in the process the largest Bitcoin transaction in history.
The report identified that Bitstamp held 100% of validated BTC balance and USD funds. No material issues were raised as a consequence of the 3rd party’s investigations.
Original statement https://www.bitstamp.net/s/documents/Firestartr_DD_Letter_for_Bitstamp.pdf
Best regards,
Bitstamp team
The document was released the 6th March 2014, from Firestartr.Co
"firestartr.co" is not an auditor. They're a startup incubator. STATEMENT REGARDING RECENT THIRD PARTY AUDIT REPORT
Dear Bitstamp clients,
On November 22nd and 23rd, 2013 an on site due diligence was carried out in respect of Bitstamp Ltd. on behalf of a 3rd party.
Bitstamp’s balance of BTC was validated by temporarily creating the largest single Bitcoin wallet and in the process the largest Bitcoin transaction in history.
The report identified that Bitstamp held 100% of validated BTC balance and USD funds. No material issues were raised as a consequence of the 3rd party’s investigations.
Original statement https://www.bitstamp.net/s/documents/Firestartr_DD_Letter_for_Bitstamp.pdf
Best regards,
Bitstamp team
The document was released the 6th March 2014, from Firestartr.Co
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.
Seeing this post made me realize something. Lots of people over the past few weeks have been saying that they won't trust exchanges with their money now, that they are withdrawing for a safer way to store their bitcoins, etc. Obviously it is less risky to keep your bitcoin in your own possession off an exchange, but the fact that mtgox is insolvent does not make me any more prone to keeping bitcoin off exchanges. I've only known about bitcoin for 3 months now and it was obvious to me to stay away from mtgox from very early on, when I heard about the fact that you can't withdraw usd from them in any reasonable amount of time, and all the other problems they have had that other prominent exchanges have not had. However, if Bitstamp somehow runs into a similar problem and goes out of business in the medium term (next two years I'd say), it will be an incredible setback and the price will fall to double-digits or lower I would think, because people like me who like to trade would have no way of being confident that their exchange is not going to just run away with their money (assuming the traders/speculators have inflated the price quite a bit). I know many exchanges have been hacked or stolen money an all sorts of illegal activity has happened in that arena, but that was mostly in the early part of bitcoin's history, the actual wild-west period where people were discovering the technology and when it wasn't so expensive that anyone who actually deposited into one of those defunct exchanges would not lose too much. But now people rely heavily on a few exchanges, and one collapsing without any warning signs would be a major blow to bitcoin's future.
Man, I wish Bitcoin would fall to $300 so I can buy relatively cheap again. But I seriously doubt it. Don't see it falling below $500 unless there's an accidental fork or successful 51% attack or something major like that.
I think it's a myth that ex Gox customers, should scramble to Bitstamp after the bankruptcy.
If they had any there they have less now, and before, they considered Gox the safest option.
If they managed to withdraw in time, they don't intent to have their coins on another exchange.
Volumes are falling on all the exchanges, Ask orders are dwindling too. We will see another sharp dip into in a few days. This time into the sub 300.
The implications of Gox has a lot to do with the future of bitcoin still. more has to come out i the open before it's impact can be assessed.
absolutely true, A little more time and Bitstamp is dead
You claim to make good calls about how the market is going to move, but you are using a new account, so nothing about your previous predictions can be checked. Clearly this is an alt account and you have others. I guess your previous predictions during previous corrections all turned out to be wrong, so you have no choice but to make new accounts and falsely claim your all knowing skills.
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
I have not received the funds yet. If I don't I will update. Good luck
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
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
UTTER-BULLSHIT
Bitstamp is working like a charm, even the fiat withdrawals (processed in 72 hours or less here in EU). You're just an intoxicator...
made at least 6 large FIAT withdrawals the last 5 months, made plenty of BTC withdrawals without a problem. made at least 3 large FIAT deposit and got credited the next day, sometimes if I made the withdrawal/deposit early I would get it the same day ( I use the same Bank)
and in case the OP is blind and cant read, there was an AUDIT from a third party company, they went to check the solvency and transparency of Bitstamp, this are the results:
STATEMENT REGARDING RECENT THIRD PARTY AUDIT REPORT
Dear Bitstamp clients,
On November 22nd and 23rd, 2013 an on site due diligence was carried out in respect of Bitstamp Ltd. on behalf of a 3rd party.
Bitstamp’s balance of BTC was validated by temporarily creating the largest single Bitcoin wallet and in the process the largest Bitcoin transaction in history.
The report identified that Bitstamp held 100% of validated BTC balance and USD funds. No material issues were raised as a consequence of the 3rd party’s investigations.
Original statement https://www.bitstamp.net/s/documents/Firestartr_DD_Letter_for_Bitstamp.pdf
Best regards,
Bitstamp team
the document was released the 6th March 2014, from Firestartr.Co
Disclaimer: I live in Slovenia and I use the same Bank, I also live 10 min away from Bitstamp offices.
and in case the OP is blind and cant read, there was an AUDIT from a third party company, they went to check the solvency and transparency of Bitstamp, this are the results:
STATEMENT REGARDING RECENT THIRD PARTY AUDIT REPORT
Dear Bitstamp clients,
On November 22nd and 23rd, 2013 an on site due diligence was carried out in respect of Bitstamp Ltd. on behalf of a 3rd party.
Bitstamp’s balance of BTC was validated by temporarily creating the largest single Bitcoin wallet and in the process the largest Bitcoin transaction in history.
The report identified that Bitstamp held 100% of validated BTC balance and USD funds. No material issues were raised as a consequence of the 3rd party’s investigations.
Original statement https://www.bitstamp.net/s/documents/Firestartr_DD_Letter_for_Bitstamp.pdf
Best regards,
Bitstamp team
the document was released the 6th March 2014, from Firestartr.Co
Disclaimer: I live in Slovenia and I use the same Bank, I also live 10 min away from Bitstamp offices.
The only substantiated post in this whole thread. Congrats.
OP you are a fucking idiot.
"maybe you are right, but I can't sell, its my position"
this
Disclaimer: I live in Slovenia and I use the same Bank, I also live 10 min away from Bitstamp offices.
Dober dan mmitech! Živil sem v Ljubljani za štiri leta.Dober dan, kje pa živiš zdaj ? ali si Slovenc ?
Edit: Je vois dans votre profil que vous êtes français, ainsi que votre nom est français, avez-vous travaillé ici?
Disclaimer: I live in Slovenia and I use the same Bank, I also live 10 min away from Bitstamp offices.
Dober dan mmitech! Živil sem v Ljubljani za štiri leta. 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.
Gartner Hype Cycle. We are on the Trough of Disillusionment. This was expected and it actually is a good thing. Because the faster it happens, the faster bitcoin will become mainstream.
I have been right so far, and most importantly Bitstamp is about to shutdown in the coming months Gox style, look at the signs:
If you want a rock-solid exchange (as in "EU regulations-approved"), go to http://bitcoin-central.net. Granted, they need an interface overhaul (they are working on it) and moving BTC out of it takes time (one day at worst, because of manual checking of every transaction), but your money is as safe as in a bank (they can't go AWOL with your money, and if they shut down, you can't lose your money). Plus, like bitstamp, they charge no fee for moving BTC out.
made at least 6 large FIAT withdrawals the last 5 months, made plenty of BTC withdrawals without a problem. made at least 3 large FIAT deposit and got credited the next day, sometimes if I made the withdrawal/deposit early I would get it the same day ( I use the same Bank)
and in case the OP is blind and cant read, there was an AUDIT from a third party company, they went to check the solvency and transparency of Bitstamp, this are the results:
STATEMENT REGARDING RECENT THIRD PARTY AUDIT REPORT
Dear Bitstamp clients,
On November 22nd and 23rd, 2013 an on site due diligence was carried out in respect of Bitstamp Ltd. on behalf of a 3rd party.
Bitstamp’s balance of BTC was validated by temporarily creating the largest single Bitcoin wallet and in the process the largest Bitcoin transaction in history.
The report identified that Bitstamp held 100% of validated BTC balance and USD funds. No material issues were raised as a consequence of the 3rd party’s investigations.
Original statement https://www.bitstamp.net/s/documents/Firestartr_DD_Letter_for_Bitstamp.pdf
Best regards,
Bitstamp team
the document was released the 6th March 2014, from Firestartr.Co
Disclaimer: I live in Slovenia and I use the same Bank, I also live 10 min away from Bitstamp offices.
and in case the OP is blind and cant read, there was an AUDIT from a third party company, they went to check the solvency and transparency of Bitstamp, this are the results:
STATEMENT REGARDING RECENT THIRD PARTY AUDIT REPORT
Dear Bitstamp clients,
On November 22nd and 23rd, 2013 an on site due diligence was carried out in respect of Bitstamp Ltd. on behalf of a 3rd party.
Bitstamp’s balance of BTC was validated by temporarily creating the largest single Bitcoin wallet and in the process the largest Bitcoin transaction in history.
The report identified that Bitstamp held 100% of validated BTC balance and USD funds. No material issues were raised as a consequence of the 3rd party’s investigations.
Original statement https://www.bitstamp.net/s/documents/Firestartr_DD_Letter_for_Bitstamp.pdf
Best regards,
Bitstamp team
the document was released the 6th March 2014, from Firestartr.Co
Disclaimer: I live in Slovenia and I use the same Bank, I also live 10 min away from Bitstamp offices.
Interesting. I had no idea that there were problems with btc and fiat withdrawals at bitstamp. Can anyone else confirm (besides proudhon)?
Withdrew several K from bitstamp almost a week ago (last Monday) and it still hasn't appeared on my bank account. The last time I withdrew money it took only 2 business days, but it looks like things slowed down over at bitstamp.
EDIT: Got the money, it took exactly 1 week.. kinda slow but at least got it.
no problems at all with stamp. pure FUD ...
2 x 6 figure pending, will update
edit: no problems here, one week from initiate to cleared funds in eur
edit: no problems here, one week from initiate to cleared funds in eur
For the record: I requested a BTC withdrawal last week and it hit my wallet aprox. 1 hour later.
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