Post
Topic
Board Exchanges
Re: Bitstamp issues statement and temporarily suspends service
by
GGGGG
on 06/01/2015, 01:48:11 UTC

I don't think Bitstamp is going to disappear overnight like Mt. Gox. They've got a lot to lose.

Quote
The company has generally been respected within the bitcoin community. In May 2014 it passed a proof-of-bitcoin-reserves audit overseen by BitcoinJ developer Mike Hearn, and in June it beat other bitcoin companies to win the Europas' Best Virtual Currency Startup Award.

A lesson learned from the whole Mt.Gox debacle is that they need to keep communicating. This doesn't seem to be a priority at the moment. I'm still wondering where that statement on coindesk came from. It isn't on their website or twitter. So how would customers know (apart from reading coindesk).

Having said that I don't think they'll go bust because of this. I've been using them since long before Mt.Gox started to slide and they've proven to be a reputable exchange.


Coindesk are as bad as mainstream media channels these days and had at least one outright BS article lately, this ones pushing ripple so wouldn't be surprised if there's FUD in there. Getting hard to get good news these days, this forums spammed by astroturfers and there's a lot of FUD on the popular news channels, especially the forex coverage. Hope when they've something to say its something good but the biggest scumbags on the planet are fighting back now so the only thing certain is coins you have the keys for.

what good news do you want? 50% fake transactions. the big exchangers are manipulating the price along with the Bitcoin Foundation, the exchangers are earning millions when the Bitcoin price is going down....this is the Bitcoin world; full of speculators and this how it will be from now on...I am not sure for how long...
there are not too many NEW fouls to "invest" Smiley

Exchangers earn very good on short-term price movements, but in the long-term downtrend "buy positions" secure only 70%-80% from the supply, in reality it' a sluggish bloodsucking.