Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27632. (Read 26712842 times)
May 23, 2014, 03:47:28 PM
now everyone hit market buy with 100$ and lets see what happens.
May 23, 2014, 03:45:31 PM
Do I need to get my coins out of bitstamp for safety?
no there questions are for your own & everyones safety.
your monies are safer at stamps then other places, because they are playing it safe.
May 23, 2014, 03:43:28 PM
Do I need to get my coins out of bitstamp for safety?
I think that is rash, theres no suggestion or evidence they are insolvent just being far far too intrusive to cover their backsides.
May 23, 2014, 03:38:03 PM
I withdrew a couple millions and did not need to prove anything, just answer their questions. Unless they recently changed rules, it is likely that the guy's activity had some reason for suspicion and therefore he got special treatment. (The checks are usually automatic, and give many false positives, which cause annoyance for people, of course.)
I think its clear that they have changed rules.
Also I don't think its the case now that your are just getting flagged on suspicious activity it seems to be more about a threshold.
I have also been asked this and there is nothing at all suspicious about my account.
This guy for example https://bitcointalksearch.org/topic/m.6554157 was just trying to deposit $220 and had deposited $12k over a year and a few months.
May 23, 2014, 03:37:09 PM
I haven't seen this kick in to a full blown feedback loop yet, I bet if you start posting Chinese slumber predictions again you could kill it.
I'll LOL had if you do, hell i promise to short a little.
The basic Chinese Slumber Method is trivial, just take the Huobi 1h chart on Bitcoinwisdom, switch to UTC time, line drawing mode, and connect the last two Slumber Points -- mean price in the last two 19:00 UTC candles. We just went through one. Then shift the plot so that you can read the line's value at the next 19:00 position. I'll LOL had if you do, hell i promise to short a little.
A slight refinement is to skip Slumber Points with visible volume bars, like yesterday's. Connecting the points of May/21 nd May/23 I get ~3380 CNY for tomorrow May/24 ~19:30 UTC.
There, I hope the rally is dead now.
It was seeing your post here that was affecting the chi in the feedback loop, it had nothing to do with numbers.
May 23, 2014, 03:33:10 PM
Are stamp problems are related only to $ withdrawal requests?
It seems so. I haven't heard of anyone being asked ridiculous stuff like this withdrawing BTC but Stamp was my reliable exchange that even if I did some trades elsewhere Stamp was the fiat gateway.
Can anyone confirm? And how much money must it be for these kind of problems to show up?
Read around there has been a few stories of these new requirements going around. Thats the main issue, there is no advertised threshold that you bump up against these problems. The guy was trying to draw max $4000, thats pocket change! The other explanation is its worked out on trade volume but how fucking retarded. I could trade the same 10 coins 1000 times or do one 10k trade, which one should raise the most flags?
He said it was nearly 500 coins. That makes it nearly a quarter million dollars. I can see why they want docs for that.
I withdrew a couple millions and did not need to prove anything, just answer their questions. Unless they recently changed rules, it is likely that the guy's activity had some reason for suspicion and therefore he got special treatment. (The checks are usually automatic, and give many false positives, which cause annoyance for people, of course.)
May 23, 2014, 03:31:39 PM
Are stamp problems are related only to $ withdrawal requests?
It seems so. I haven't heard of anyone being asked ridiculous stuff like this withdrawing BTC but Stamp was my reliable exchange that even if I did some trades elsewhere Stamp was the fiat gateway.
Can anyone confirm? And how much money must it be for these kind of problems to show up?
Read around there has been a few stories of these new requirements going around. Thats the main issue, there is no advertised threshold that you bump up against these problems. The guy was trying to draw max $4000, thats pocket change! The other explanation is its worked out on trade volume but how fucking retarded. I could trade the same 10 coins 1000 times or do one 10k trade, which one should raise the most flags?
He said it was nearly 500 coins. That makes it nearly a quarter million dollars. I can see why they want docs for that.
No he said it was 500 coins over the history of the account. 50 trades of 10 coins (particularly if the account was a few years old meaning that some of the trades could be worth far less than $500/BTC) isn't a large amount at all.
May 23, 2014, 03:27:25 PM
I haven't seen this kick in to a full blown feedback loop yet, I bet if you start posting Chinese slumber predictions again you could kill it.
I'll LOL had if you do, hell i promise to short a little.
The basic Chinese Slumber Method is trivial, just take the Huobi 1h chart on Bitcoinwisdom, switch to UTC time, line drawing mode, and connect the last two Slumber Points -- mean price in the last two 19:00 UTC candles. We just went through one. Then shift the plot so that you can read the line's value at the next 19:00 position. I'll LOL had if you do, hell i promise to short a little.
A slight refinement is to skip Slumber Points with visible volume bars, like yesterday's. Connecting the points of May/21 nd May/23 I get ~3380 CNY for tomorrow May/24 ~19:30 UTC.
There, I hope the rally is dead now.
May 23, 2014, 03:24:45 PM
Bitcoin Foundation, never cease to amaze me.
https://bitcointalksearch.org/topic/i-just-paid-the-100k-usd-via-btc-to-become-a-platinum-member-of-tbf-621770
May 23, 2014, 03:12:07 PM
The probability of this rally continuing to 2'000 USD/BTC can be near zero or near 1, depending on whether it is due to people dodging Bitstamp's "enhanced KYC" requirements or to the opening of some new bitcoin-based e-commerce service that is attracting many new bitcoin users in the US.
It's a messy mix of all that, and lots of new on ramps coming online, inflation redistribution due to difficulty increase and some existing traders FOMO, as well as this being a catalyst for whatever the term is rpietila uses to describe emotional anatomy of a first time buyer.
I haven't seen this kick in to a full blown feedback loop yet, I bet if you start posting Chinese slumber predictions again you could kill it.
I'll LOL had if you do, hell i promise to short a little.
May 23, 2014, 03:00:42 PM
May 23, 2014, 02:56:07 PM
Are stamp problems are related only to $ withdrawal requests?
It seems so. I haven't heard of anyone being asked ridiculous stuff like this withdrawing BTC but Stamp was my reliable exchange that even if I did some trades elsewhere Stamp was the fiat gateway.
Can anyone confirm? And how much money must it be for these kind of problems to show up?
Read around there has been a few stories of these new requirements going around. Thats the main issue, there is no advertised threshold that you bump up against these problems. The guy was trying to draw max $4000, thats pocket change! The other explanation is its worked out on trade volume but how fucking retarded. I could trade the same 10 coins 1000 times or do one 10k trade, which one should raise the most flags?
He said it was nearly 500 coins. That makes it nearly a quarter million dollars. I can see why they want docs for that.
May 23, 2014, 02:51:09 PM
Regarding Bitstamp issues - there hasn't been widespread confirmation that this is happening, and the news materialising on a Friday afternoon (GMT) just before a bank holiday from a freshly created reddit accounts adds to the suspicions. If Bitstamp had reasonable grounds for concern why would they allow the BTC transfer but not the fiat? It could just be an isolated case or some fabricated FUD. Although unlike the traditional FUD this would boost the BTC price.
This has been going on for months and it's well documented. I dunno why it's getting feathers ruffled now. I'll be taking my business elsewhere.
Its not just getting feathers ruffled now in fairness, some of us have spoken about it several times before here and in the Stamp thread, it just so happens that its been brought up again. I reluctantly took my business elsewhere as well. Its a shame.
May 23, 2014, 02:49:22 PM
Regarding Bitstamp issues - there hasn't been widespread confirmation that this is happening, and the news materialising on a Friday afternoon (GMT) just before a bank holiday from a freshly created reddit accounts adds to the suspicions. If Bitstamp had reasonable grounds for concern why would they allow the BTC transfer but not the fiat? It could just be an isolated case or some fabricated FUD. Although unlike the traditional FUD this would boost the BTC price.
This has been going on for months and lots of people have been reporting it. I dunno why it's getting feathers ruffled now. I'll be taking my business elsewhere regardless.
May 23, 2014, 02:39:38 PM
Someone care to explain why BTC-E is nearly $20 behind bitstamp?
What is the cause of this?
BTC-e is more expensive to get money into. For each $100 added via Visa/MC payeer adds $7.50 cost. So for $500 that's $37.50 fee. So at current prices for BTC, for every $100 purchased, the payeer fee is like an additional 40 basis points extra (530 + 40 = 570).What is the cause of this?
Usually, basis point is taken to mean 0.01%. In this example, 754 bp.
May 23, 2014, 02:37:17 PM
Someone care to explain why BTC-E is nearly $20 behind bitstamp?
What is the cause of this?
BTC-e is more expensive to get money into. For each $100 added via Visa/MC payeer adds $7.50 cost. So for $500 that's $37.50 fee. So at current prices for BTC, for every $100 purchased, the payeer fee is like an additional 40 basis points extra What is the cause of this?
Edited to strike out bad math.
May 23, 2014, 02:33:42 PM
You'll get used to the feeling of confusion, I'm sure.
Hope you'll stick around when we're back to 1200 and beyond, will be interesting to see the rationalizations you'll come up with.
I find it amazing how people can put their money into something, without knowing where the profit will be coming from -- and without wanting to know.Hope you'll stick around when we're back to 1200 and beyond, will be interesting to see the rationalizations you'll come up with.
May 23, 2014, 02:32:50 PM
Regarding Bitstamp issues - there hasn't been widespread confirmation that this is happening, and the news materialising on a Friday afternoon (GMT) just before a bank holiday from a freshly created reddit accounts adds to the suspicions. If Bitstamp had reasonable grounds for concern why would they allow the BTC transfer but not the fiat? It could just be an isolated case or some fabricated FUD. Although unlike the traditional FUD this would boost the BTC price.
Please read above and in the Bitstamp thread you will see that it is confirmed. We're not saying Stamp has cause for concerns regarding solvency necessarily . What we are discussing is their in depth probing KYC/AML questions that are rather too personal and unnecessary to many people.
May 23, 2014, 02:32:44 PM
Regarding Bitstamp issues - there hasn't been widespread confirmation that this is happening, and the news materialising on a Friday afternoon (GMT) just before a bank holiday from a freshly created reddit accounts adds to the suspicions. If Bitstamp had reasonable grounds for concern why would they allow the BTC transfer but not the fiat? It could just be an isolated case or some fabricated FUD. Although unlike the traditional FUD this would boost the BTC price.
Could boost price a bit, but it might just result in more so of an MTGOX situation, where Stamp price diverges from the rest of em. I am still pretty skeptical of this story..
Lets not jump into any conclusions here of a second MTGOX scheme. You'd be fucking stupid as an exchange to go through all that shit again, it wont.
And as long as there will be no official news.. it's all guessing. Dont jinx it.
May 23, 2014, 02:31:09 PM
Regarding Bitstamp issues - there hasn't been widespread confirmation that this is happening, and the news materialising on a Friday afternoon (GMT) just before a bank holiday from a freshly created reddit accounts adds to the suspicions. If Bitstamp had reasonable grounds for concern why would they allow the BTC transfer but not the fiat? It could just be an isolated case or some fabricated FUD. Although unlike the traditional FUD this would boost the BTC price.
Could boost price a bit, but it might just result in more so of an MTGOX situation, where Stamp price diverges from the rest of em. I am still pretty skeptical of this story..
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