Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27629.

kodtycoon

legendary

Activity: 1568

Merit: 1002

Quote from: FattyMcButterpants on May 23, 2014, 07:05:43 PM

Quote from: JustBetweenUs on May 23, 2014, 07:03:26 PM

Quote from: adamstgBit on May 23, 2014, 06:34:23 PM

Building Quality Markets for Digital Currencies

A secure, state-of-the-art exchange platform built by Wall Street veterans for transacting digital currencies

Powered by a platform deployed by some of Wall Street's largest proprietary trading firms and institutions

The exchange central book matches orders based on price/time priority. No fees to transfer money in and out.

two-factor authentication, cold storage of crypto-currency, multi-tiered multi-firewall architecture

Forget about centralized exchanges, problems with legislation or trust are always going to come up. Nxt has a decentralized Asset Exchange running, and this is surely the future.

how does a decentralized exchange work for transactions involving fiat? surely there must be a central party that holds the fiat. it seems that fiat transactions demand a level of trust.

there will be fiat assets on it but they will be issued by a central party id say. bitcoin <> fiat exchanges will be getting better and better and more reliable over time... theres a nxt <> fiat exchange going into beta very soon which includes a point of sale system also. id say they will issue assets. seems a very serious company! i can very easily see the nxt AE having more daily volume for btc <> alts and crypto <> fiat then any other trading platform by the end of 2014. it wont be hindered by transaction times ether due to instantdex(allows high speed trading and only fees when a trade is made!)

oh ya.. not to mention forex trading.. i think

https://nxtforum.org/nxtventures/nxtforex-realtime-forex-market-recreated-within-nxt-asset-exchange!!/msg26862/#msg26862

ag@th0s

full member

Activity: 202

Merit: 100

Quote from: rpietila on May 23, 2014, 04:33:41 PM

Quote from: ihaveaquestion on May 23, 2014, 04:20:06 PM

even if you are a large, old and successful business, you don't mess with the US government. Pokerstars is a billion dollar business but still not legit in USA, and Bitstamp could totally have its Black Friday considering that legit US exchanges are about to open and they are an "unfair" competitor.

Yes, why would anybody mess up with the entity that has more firepower than the rest of the world combined.. Huh

But wait a minute, they must be ~~very~~ unbelievably scared of us. How else would they need so many weapons. I don't have any, because I am right.

Right is not Might - just to flip some Medieval reasoning on you

FattyMcButterpants

sr. member

Activity: 448

Merit: 250

Quote from: adamstgBit on May 23, 2014, 07:06:26 PM

Quote from: FattyMcButterpants on May 23, 2014, 07:04:15 PM

Quote from: adamstgBit on May 23, 2014, 07:02:51 PM

Quote from: Benjig on May 23, 2014, 07:01:31 PM

Why is bitcoin going backwards?? is just preparing for the big jump or it will be again at 450? Undecided

just preparing.

big jump.

450, never again.

only 70 points above that level and we're at never again? hehe. i wanna be bull but everyone seems so sure that next bubble is right around the corner. perhaps like sheep being led to the slaughter....

fine buy later when its perfectly clear that bitcoin is about to bubble

i'm just saying that we could get a 61.8% or 78.6% retrace of the uptrend to 445-470 area. and if that happened we could still be in a bull trend. (if it stops there....)

planning on an uptrend never having a correction has never worked out in my book Tongue

ag@th0s

full member

Activity: 202

Merit: 100

Quote from: Adrian-x on May 23, 2014, 04:20:59 PM

Quote from: JorgeStolfi on May 23, 2014, 04:13:19 PM

Funny, since the rally began, the price stops increasing for a few hours, every day, around 03:00 am China time. How weird.

I speculate subconsciously there are algorithms at play, if you read enough and take note of the diapering posts, you get a feel for the magic maths that makes bitcoin work.

"diapering posts" - oh NO!

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: FattyMcButterpants on May 23, 2014, 07:04:15 PM

Quote from: adamstgBit on May 23, 2014, 07:02:51 PM

Quote from: Benjig on May 23, 2014, 07:01:31 PM

Why is bitcoin going backwards?? is just preparing for the big jump or it will be again at 450? Undecided

just preparing.

big jump.

450, never again.

only 70 points above that level and we're at never again? hehe. i wanna be bull but everyone seems so sure that next bubble is right around the corner. perhaps like sheep being led to the slaughter....

fine buy later when its perfectly clear that bitcoin is about to bubble

FattyMcButterpants

sr. member

Activity: 448

Merit: 250

Quote from: JustBetweenUs on May 23, 2014, 07:03:26 PM

Quote from: adamstgBit on May 23, 2014, 06:34:23 PM

Building Quality Markets for Digital Currencies

A secure, state-of-the-art exchange platform built by Wall Street veterans for transacting digital currencies

Powered by a platform deployed by some of Wall Street's largest proprietary trading firms and institutions

The exchange central book matches orders based on price/time priority. No fees to transfer money in and out.

two-factor authentication, cold storage of crypto-currency, multi-tiered multi-firewall architecture

Forget about centralized exchanges, problems with legislation or trust are always going to come up. Nxt has a decentralized Asset Exchange running, and this is surely the future.

how does a decentralized exchange work for transactions involving fiat? surely there must be a central party that holds the fiat. it seems that fiat transactions demand a level of trust.

FattyMcButterpants

sr. member

Activity: 448

Merit: 250

Quote from: adamstgBit on May 23, 2014, 07:02:51 PM

Quote from: Benjig on May 23, 2014, 07:01:31 PM

Why is bitcoin going backwards?? is just preparing for the big jump or it will be again at 450? Undecided

just preparing.

big jump.

450, never again.

only 70 points above that level and we're at never again? hehe. i wanna be bull but everyone seems so sure that next bubble is right around the corner. perhaps like sheep being led to the slaughter....

JustBetweenUs

member

Activity: 290

Merit: 28

bitcoin is not a bubble, it is the pin

Quote from: adamstgBit on May 23, 2014, 06:34:23 PM

Building Quality Markets for Digital Currencies

A secure, state-of-the-art exchange platform built by Wall Street veterans for transacting digital currencies

Powered by a platform deployed by some of Wall Street's largest proprietary trading firms and institutions

The exchange central book matches orders based on price/time priority. No fees to transfer money in and out.

two-factor authentication, cold storage of crypto-currency, multi-tiered multi-firewall architecture

Forget about centralized exchanges, problems with legislation or trust are always going to come up. Nxt has a decentralized Asset Exchange running, and this is surely the future.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Benjig on May 23, 2014, 07:01:31 PM

Why is bitcoin going backwards?? is just preparing for the big jump or it will be again at 450? Undecided

just preparing.

big jump.

450, never again.

Benjig

sr. member

Activity: 462

Merit: 250

Why is bitcoin going backwards?? is just preparing for the big jump or it will be again at 450? Undecided

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: ?? on ??

wow... someone selling big on stamp Roll Eyes

anyone sow kraken order book?

$516 buy - $530 sell spread

in euros it's €382 - €383 which is about $522

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: rpietila on May 23, 2014, 04:33:41 PM

...How else would they need so many weapons. I don't have any, because I am right.

My mother always told me there was no point in being dead right. I've found it to be good advice, on the whole. Be careful out there Wink

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Building Quality Markets for Digital Currencies

A secure, state-of-the-art exchange platform built by Wall Street veterans for transacting digital currencies

Powered by a platform deployed by some of Wall Street's largest proprietary trading firms and institutions

The exchange central book matches orders based on price/time priority. No fees to transfer money in and out.

two-factor authentication, cold storage of crypto-currency, multi-tiered multi-firewall architecture

FattyMcButterpants

sr. member

Activity: 448

Merit: 250

i'm not worried about stamp in particular. i think they are very misguided about AML/KYC procedures - they have no idea what they are doing or how they are supposed to comply and are just trying to throw a net over everything. but that is a big turnoff to customers, especially btc proponents. plus, they have an absolutely pathetic trading engine with massive lag that actually misses orders sometimes. and they just haven't been around long enough for me to put any trust in them. in fact, businesses in the BTC economy have such a black cloud over them, none of them should be trusted at all until a couple more years down the road. so if they ask for my passport and the rest of the anal cavity search? bye, bitstamp.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

something feels odd about this picture, not sure what it is.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: dreamspark on May 23, 2014, 06:04:18 PM

Well I'm discussing the topic either way not saying they are definitely not asking for proof which is the whole issue.

1)how many times does someone have to say we're not saying they're insolvent for you to stop putting up that straw man when replying to someone who's said they're not saying they're insolvent several times.

2)Agree, isn't this one of the things I've been saying.

3)So you can't see the other guy in this thread and the guy in the Stamp thread. Its cool though, ignore them. Even if its not regular should it not concern people that at any point you could be asked to provide proof that you, for whatever reasons they may be , don't want to provide, after the being verified and making the trade and initiating a withdrawal request.

Thats fine I don't think there's much benefit in continuing but understand why people are concerned instead of just calling it impotent rage.

1) Look, you can be all blasé about it and continue saying I'm strawmanning, but fact is that more than one guy in here already got the wrong impression. So, since I consider it important, I want to drive home this point. As often as necessary.

3) Alright, sorry for the "impotent rage". Uncalled for. But see my perspective again. I never traded on gox. One day, I stumble onto this huuuge thread of withdrawal delays. Every day, another page added. Go back a week later. Thread still growing, people still saying "naah, it's fine, they're just a bit slow".
I watched this shits for months! That's a situation in which I get worried about the enterprise as a whole.

I'm sorry for the guys who seem to have stuck a withdrawal now. In my experience, Bitstamp support is fast and rather generous in resolving those issues. If they aren't resolved in a week or two, or more cases pile up, I will change my tune. Until then, I can have sympathy with them individually, but I'm not worried about stamp.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

I'm surprised more bitbulls are not jumping on the FUD train circling bitstamp fiat withdrawals to encourage btc panic buys.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

who would have guessed!

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: oda.krell on May 23, 2014, 05:58:16 PM

Quote from: dreamspark on May 23, 2014, 05:41:33 PM

Anecdote != data.

So my annecdotal case != data.

Your annecdotal case(s) == data.

Sure. Sounds fair. /s

I repeat my main points one more time, then I'm going to duck out of this discussion:

1) It's anal KYC procedure, NOT a solvency related withdrawal problem like in gox' case. Let's make sure to let the newbies that read along here know that difference.

2) The biggest problem I see so far is that Bitstamp didn't announce this change in procedure BEFOREHAND. I agree with Blitz that this is shitty behavior.

3) What could in principle be an actual problem of gox-ian proportions if they would require proof that users can't reasonably provide. So far, after having read mentions of the KYC procedure around 40 times (my ballpark guess) in the past months, I have /today/ heard the first time of unnecessary proof being required (in the reddit thread). That's 1 out of 40 cases (from my own perspective) and it doesn't exactly make me jump to the conclusion that Bitstamp asks for this regularly now.

Well I'm discussing the topic either way not saying they are definitely not asking for proof which is the whole issue.

1)how many times does someone have to say we're not saying they're insolvent for you to stop putting up that straw man when replying to someone who's said they're not saying they're insolvent several times.

2)Agree, isn't this one of the things I've been saying.

3)So you can't see the other guy in this thread and the guy in the Stamp thread. Its cool though, ignore them. Even if its not regular should it not concern people that at any point you could be asked to provide proof that you, for whatever reasons they may be , don't want to provide, after the being verified and making the trade and initiating a withdrawal request.

Thats fine I don't think there's much benefit in continuing but understand why people are concerned instead of just calling it impotent rage.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27629. (Read 26712930 times)