Topic: [BitFunder] BTCINVEST - Low risk investment fund | Market cap: 2000+ BTC - page 6. (Read 45626 times)
November 18, 2013, 02:53:50 AM
I am feeling scammed too. I had an email reply before the "hack" was outed, saying that my shares had been credited on Coinlenders and that some BTC was credited. But I can't log-in to Coinlenders (it gives me a password error) and he will not give me any help resetting a password, so I've never logged into Coinlenders. Anyone have a suggestion for how to get access, or gain his attention?
November 17, 2013, 06:33:35 PM
So? Why doesn't he respond to me? I am feeling kinda of scammed.
November 16, 2013, 10:45:16 AM
It wasn't a full liquidation, just the first installment. I have essentially been wiped out on this investment.
November 16, 2013, 08:10:48 AM
Anybody received a liquidation of their BTCINVEST shares at all?
Yes, I got the first liquidation payment paid into my coinlenders account and wired that to the wallet on my home computer shortly before the hack.Since then, nada.
Ok, I e-mailed TF multiple times. Have not received an update in my coinlenders account (still says I have 0 BTCInvest shares), and no payments whatsoever. I think you were lucky to have received your liquidation before the hack. I just don't understand why TF (and Ukyo for that matter) can't keep their promises
November 15, 2013, 06:57:06 PM
Cross-posting this reply re: BTCINVEST from the CL thread. More details over there.
TF sent me an email regarding this concern.
Before you make any decisions about how repayment will happen, I want to remind you of BTCINVEST's unique situation.
TF sent me an email regarding this concern.
Quote from: TradeFortress
I understand, BTCINVEST shares will receive a credit to offset haircuts.
November 15, 2013, 05:16:15 PM
Since I missed bitfunders closing: any last options for my shares to change in btc?
November 15, 2013, 01:25:57 PM
Anybody received a liquidation of their BTCINVEST shares at all?
Yes, I got the first liquidation payment paid into my coinlenders account and wired that to the wallet on my home computer shortly before the hack.Since then, nada.
November 15, 2013, 01:22:18 PM
Anybody received a liquidation of their BTCINVEST shares at all?
Well, I received a liquidation of shares into CL credits, but it seems the actual BTC will be used to repay CL and Inputs depositors.
November 15, 2013, 11:37:16 AM
Anybody received a liquidation of their BTCINVEST shares at all?
November 15, 2013, 05:39:12 AM
This is from CoinLenders thread:
Update
The situation is I'm facing extreme difficulties in getting most borrowers to honor their obligations - the BTC rally doesn't help. To name a few that have been impossible to reach (when talking about their debt):
https://bitcointalksearch.org/user/jordanl-70557
https://bitcointalksearch.org/user/graet-17548
https://bitcointalksearch.org/user/ascension-70541
https://bitcointalksearch.org/user/ukyo-35121
(Borrowers can deposit to CL via BTC address).
Many security issuers like CreativeX have gone missing, but thankfully in the past days Deprived and arij came back, and Crypto-Trade divs have been successfully paid on their own exchange. ASICMINER isn't doing well which is the collateral for many (defaulted) loans.
The reason why there's no email update is that I'm primarily waiting for other people that are not responsive, which results in having to pass on the non-responsiveness. All of CL's liquid coins were stored on Inputs and what's remaining are debts and assets that took a significant wipe (we still have borrowers that are communicative, thank you!, but the BTC rally is definitely hurting them and us, especially modification proposals).
The situation is I'm facing extreme difficulties in getting most borrowers to honor their obligations - the BTC rally doesn't help. To name a few that have been impossible to reach (when talking about their debt):
https://bitcointalksearch.org/user/jordanl-70557
https://bitcointalksearch.org/user/graet-17548
https://bitcointalksearch.org/user/ascension-70541
https://bitcointalksearch.org/user/ukyo-35121
(Borrowers can deposit to CL via BTC address).
Many security issuers like CreativeX have gone missing, but thankfully in the past days Deprived and arij came back, and Crypto-Trade divs have been successfully paid on their own exchange. ASICMINER isn't doing well which is the collateral for many (defaulted) loans.
The reason why there's no email update is that I'm primarily waiting for other people that are not responsive, which results in having to pass on the non-responsiveness. All of CL's liquid coins were stored on Inputs and what's remaining are debts and assets that took a significant wipe (we still have borrowers that are communicative, thank you!, but the BTC rally is definitely hurting them and us, especially modification proposals).
November 15, 2013, 04:41:53 AM
+1, but it's almost three weeks now. Are there any news what's happening?
TF, so whats happening with it?
I sent an email to [email protected], but have not received a reply for almost 2 weeks.
I sent an email to [email protected], but have not received a reply for almost 2 weeks.
November 13, 2013, 09:31:34 PM
TF, so whats happening with it?
I sent an email to [email protected], but have not received a reply for almost 2 weeks.
I sent an email to [email protected], but have not received a reply for almost 2 weeks.
November 13, 2013, 12:23:22 PM
I may be wrong but I suspect what's going on here is that TF has decided to push claims through coinlenders with all the verification that entails so that he can identify and filter the shares (potentially) owned by Graet and Ukyo and withhold liquidation payments to either or both of them until they fully redeem the Ukyo.loan and Graet.loan shares - a portion of the assets held by BTCinvest.
The irony in such a scenario is that Ukyo and/or Graet may be unable to fulfill loan repayments until they get the liquidated assets from the BTCinvest shares they (may or may not) own.
I have investments in all 3 and I'm starting to think about legal as well as illegal recourse.
The irony in such a scenario is that Ukyo and/or Graet may be unable to fulfill loan repayments until they get the liquidated assets from the BTCinvest shares they (may or may not) own.
I have investments in all 3 and I'm starting to think about legal as well as illegal recourse.
November 13, 2013, 11:24:12 AM
TO TRADEFORTRESS
Really not comfortable creating a coinlenders account considering inputs.io was recently attacked.
Why can't BTCINVEST send coins directly to our various addresses already provided to Bitfunder? This would eliminate all the hassle of setting up a Coinlenders account.
Really not comfortable creating a coinlenders account considering inputs.io was recently attacked.
Why can't BTCINVEST send coins directly to our various addresses already provided to Bitfunder? This would eliminate all the hassle of setting up a Coinlenders account.
This.
The cynical amongst us might suggest that TF intended or intends to use the BTCINVEST funds to fill the hole in the inputs.io wallet. Or worse, let your imagination do its worst and I doubt you'll come up with a theory that hasn't been already thought of.
TF has promised an update within a week I believe. All we can do right now is wait and see.
If he's done something dodgy with the BTCINVEST funds then legal action may be worth investigating. I sincerely hope it doesn't come to that, and the lack of communication is merely due to him trying to get through this mess. But forcing us to sign up for an inputs.io account to claim our funds makes me feel uneasy.
Indeed. Also, unlike inputs.io and Coinlenders, there was no "nothing is real" disclaimer for BTCInvest. BitFunder said: "We (BitFunder) do not accept responsibility for anything." but that doesn't cover TradeFortress, and even if it did, BTCInvest was promoted in other places. And promoted as an investment fund, with everything that entails.
November 13, 2013, 11:05:09 AM
Here's the summary & description from BitFunder for posterity in case the site dies completely, with the OP thrown in for good measure:
What's BTCINVEST?
BITINVEST/BTCinvest is a low risk investment fund listed on BitFunder with as least exposure to BTCUSD as possible. The goal of the fund is to deliver great returns without losing money in risky investments.
The structure has recently being changed to a fund (instead of a bond with a fixed face value of 0.1 BTC/share).
BTCINVEST is 100% transparent. Every two weeks, we'll publish a report including our current holdings.
BTCINVEST will maintain timely bids at 95% of the NAV. For more information please see the description on BitFunder.
https://bitfunder.com/asset/BTCINVEST
BITINVEST/BTCinvest is a low risk investment fund listed on BitFunder with as least exposure to BTCUSD as possible. The goal of the fund is to deliver great returns without losing money in risky investments.
The structure has recently being changed to a fund (instead of a bond with a fixed face value of 0.1 BTC/share).
BTCINVEST is 100% transparent. Every two weeks, we'll publish a report including our current holdings.
BTCINVEST will maintain timely bids at 95% of the NAV. For more information please see the description on BitFunder.
https://bitfunder.com/asset/BTCINVEST
November 10, 2013, 01:14:48 AM
November 10, 2013, 12:55:32 AM
TO TRADEFORTRESS
Really not comfortable creating a coinlenders account considering inputs.io was recently attacked.
Why can't BTCINVEST send coins directly to our various addresses already provided to Bitfunder? This would eliminate all the hassle of setting up a Coinlenders account.
Really not comfortable creating a coinlenders account considering inputs.io was recently attacked.
Why can't BTCINVEST send coins directly to our various addresses already provided to Bitfunder? This would eliminate all the hassle of setting up a Coinlenders account.
This.
The cynical amongst us might suggest that TF intended or intends to use the BTCINVEST funds to fill the hole in the inputs.io wallet. Or worse, let your imagination do its worst and I doubt you'll come up with a theory that hasn't been already thought of.
TF has promised an update within a week I believe. All we can do right now is wait and see.
If he's done something dodgy with the BTCINVEST funds then legal action may be worth investigating. I sincerely hope it doesn't come to that, and the lack of communication is merely due to him trying to get through this mess. But forcing us to sign up for an inputs.io account to claim our funds makes me feel uneasy.
November 09, 2013, 10:16:50 PM
TO TRADEFORTRESS
Really not comfortable creating a coinlenders account considering inputs.io was recently attacked.
Why can't BTCINVEST send coins directly to our various addresses already provided to Bitfunder? This would eliminate all the hassle of setting up a Coinlenders account.
If you are not going to send BTC to our Bitfunder addresses then you need to spell out in more detail how to go about setting up an account and signing a message. Also please explain why you are using such a complicated and confusing method and why we need to jump through all these hoops when it is you who should be going out of your way to accommodate us - WTF!!!
Not just venting into the forum, trying to get answers.
Really not comfortable creating a coinlenders account considering inputs.io was recently attacked.
Why can't BTCINVEST send coins directly to our various addresses already provided to Bitfunder? This would eliminate all the hassle of setting up a Coinlenders account.
If you are not going to send BTC to our Bitfunder addresses then you need to spell out in more detail how to go about setting up an account and signing a message. Also please explain why you are using such a complicated and confusing method and why we need to jump through all these hoops when it is you who should be going out of your way to accommodate us - WTF!!!
Not just venting into the forum, trying to get answers.
November 08, 2013, 02:51:06 PM
Signed a message and e-mailed to [email protected].
November 08, 2013, 11:57:32 AM
i hope TF is still alive
i sent email to claim shares 3 days ago, no response, no money, no shares balance on CL account.
that is sad.
i sent email to claim shares 3 days ago, no response, no money, no shares balance on CL account.
that is sad.
Jump to: