The rise has stopped.. - page 4. | Bitcointalksearch.org

YipYip

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Quote from: RockHound on May 26, 2014, 04:51:52 PM

Quote from: dreamspark on May 26, 2014, 10:05:42 AM

Quote from: pinksheep on May 26, 2014, 10:01:59 AM

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.

Well said! I completed BStamp questionnaire in December last year, I think they send out once you've request deposits/withdrawals up to a certain level ($75K?). Was straight forward to complete/send back. Resolved in 2 days.

My friend opened a corporate trading account in 4 hours ..It did take us 4 hours to prepare & collate all of our forms but it was a simple process

The more we discuss this the more It fills me with confidence Wink

stamp the rock that is the foundation Cheesy

RockHound

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Quote from: dreamspark on May 26, 2014, 10:05:42 AM

Quote from: pinksheep on May 26, 2014, 10:01:59 AM

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.

Well said! I completed BStamp questionnaire in December last year, I think they send out once you've request deposits/withdrawals up to a certain level ($75K?). Was straight forward to complete/send back. Resolved in 2 days.

keithers

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This is the land of wolves now & you're not a wolf

Quote from: Benjig on May 26, 2014, 04:27:53 PM

Lol, the rise just stopped for a few hours, you dont want to have a 500 rise in one day, that generates bubbles, is better to have a rise of 50-70 every three days or so.

I think as a blanket statement, the majority of people that are hoping for single day astronomical price increases, are typically holding only a few BTC max. Those who have a significant stake in BTC, would obviously like more moderate sustainable growth...

wachtwoord

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It has paused.

Arghhh

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Nothing screams weak hands like a thread like this.

keithers

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This is the land of wolves now & you're not a wolf

Quote from: spazzdla on May 26, 2014, 09:57:06 AM

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?

This is actually good in my opinion. Don't get me wrong, I love seeing the prices skyrocket. But whenever we see steep price hikes, they are almost always followed by sharp market corrections. This is because of people wanting to take profits off the table, as well as those who were just waiting to finally break even to cash out. Growth like we have seen in the past few days is better IMO because slow growth is more sustainable.

It would be much better for the overall market to go up $10/day for 10 days straight (and then just stay there for the following 10 days)... then to skyrocket up $100 in one day, causing a sell off to follow...

Benjig

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Lol, the rise just stopped for a few hours, you dont want to have a 500 rise in one day, that generates bubbles, is better to have a rise of 50-70 every three days or so.

YipYip

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Quote from: dreamspark on May 26, 2014, 10:05:42 AM

Quote from: pinksheep on May 26, 2014, 10:01:59 AM

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.

man this is so yesterdays news (actually about 12 weeks ago news)

SO we have some noobs or others that are starting to hit the AML/KYC limits for a normal account ( i think its about 75k in trade for a period of time)

So its actually a bullish sign that many are trying to get funds onto stamp..

Also i will say the same thing i have said to many ANSWER THE FUCKING KYC or go launder your drug money on kraken or btc-e

There are other options ...this factor is known about stamp and will also mean that they will be in a worst case senario the last man standing

YipYip

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Quote from: spazzdla on May 26, 2014, 10:03:12 AM

Quote from: pinksheep on May 26, 2014, 10:01:59 AM

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.

+1000 I agreee every 1$ movement of btc should be acommpied by a funny/enetertaining/informative meme

MatTheCat

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Quote from: dreamspark on May 26, 2014, 11:03:33 AM

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?

dreamspark

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Quote from: T.Stuart on May 26, 2014, 10:43:48 AM

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.

jcoin200

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

T.Stuart

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One Token to Move Anything Anywhere

Quote from: dreamspark on May 26, 2014, 10:05:42 AM

Quote from: pinksheep on May 26, 2014, 10:01:59 AM

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?

Wandererfromthenorth

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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.

spazzdla

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Quote from: rhino34567 on May 26, 2014, 10:25:09 AM

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.

manrus

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TTM

The main pumper stop buying btc

rhino34567

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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.

spazzdla

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Quote from: RodeoX on May 26, 2014, 10:08:02 AM

Quote from: spazzdla on May 26, 2014, 09:57:06 AM

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! Huh

Excellent just the ideas I was hoping to read!

klee

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Quote from: pinksheep on May 26, 2014, 10:01:59 AM

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..

RodeoX

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The revolution will be monetized!

Quote from: spazzdla on May 26, 2014, 09:57:06 AM

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! Huh

Topic: The rise has stopped.. - page 4. (Read 5503 times)