Topic: BitMarket.eu Eternal withdrawal - page 2. (Read 6651 times)
There are some options still being discussed, but the platform would need cooperation from users. I think there will be some "official" communication on the current investment plans quite soon.
It's time to start making repayments in installments, so that we all can see at what rate the money is being repaid. Also I would like to be able to sell my bitcoins on hold to another user. It would be nice if you could setup a separate market for the bitcoins on hold.
Don't you love the arrogance of this guy? He's stolen from who knows how many people and he's being flippant when he disappears again and people start to worry.
I think people are mad for continuing to use this exchange, what's to stop him doing it again?
Still no time scales for when I'll get my coins. Maybe he should try communicating this to people rather than being a smartarse.
I think people are mad for continuing to use this exchange, what's to stop him doing it again?
Still no time scales for when I'll get my coins. Maybe he should try communicating this to people rather than being a smartarse.
Bitmarket.eu is finally open again (as per the webmaster). Apparently people can deposit BTC, trade and withdraw them, but people that had funds previously will have to wait until they have enough funds to pay back.. (as I understand..)
M4v3R, the site owner, posted an update. Not a good one I'm afraid.
More like this.
http://www.youtube.com/watch?v=-z9Jwp2x86o
This is so funny.. good one.
M4v3R, the site owner, posted an update. Not a good one I'm afraid.
https://bitcointalksearch.org/topic/m.1413156
https://bitcointalksearch.org/topic/m.1413156
did it went like this? -> http://www.youtube.com/watch?v=_nVk25ZvTkU
More like this.
http://www.youtube.com/watch?v=-z9Jwp2x86o
Well, some people need a lifetime to make up for such a debt, particularly all the interest in the end. I don't know about the legal situation, but if you owed anyone that amount of money in Germany, you'd just declare private insolvency, wait 6.5 years and you're off the hook. You'd have to have a job and follow a lot of rules etc but you could start over again after that time. People do it for a couple 10k Euros already, let alone 200-300k.
Good luck making up for the loss, but 20000 bitcoins..omg Your only chance of repaying would be to get a loan somewhere else and buy buy buy if bitcoin prices ever fall to 5 or 2 Dollars again. In other words, finishing your short position by waiting. It might be forever though, but if Asics hit, who knows what will happen to the btc price.
Good luck making up for the loss, but 20000 bitcoins..omg Your only chance of repaying would be to get a loan somewhere else and buy buy buy if bitcoin prices ever fall to 5 or 2 Dollars again. In other words, finishing your short position by waiting. It might be forever though, but if Asics hit, who knows what will happen to the btc price.
I don't think you are in a position to comment on other people right now...
And I think you should think about your (!) posting ...
Close up shop and get out of bitcoin.
Thanks for this wonderful advice. It would be really the best solution for people with frozen Bitcoin...
I don't think you are in a position to comment on other people right now...
Close up shop and get out of bitcoin.
Thanks for this wonderful advice. It would be really the best solution for people with frozen Bitcoin...
I classified my frozen bitcoins as 'lost' anyway
So...whatever
You know what the worst thing is, i even bought and donated some btc's while the frozen shit allready hit the fence
So...whatever
You know what the worst thing is, i even bought and donated some btc's while the frozen shit allready hit the fence
Close up shop and get out of bitcoin.
Hello all,
Again, I want to apologize for this situation. I didn't have any right to do what I did, but it happened and now it's on my head to straighten things up.
Yes, it seems very hard for Bitmarket to earn this much of money, but I think it's feasible. There are already several ideas to make this work, including:
- finding individual investors that decide to use their funds to help the current situation and receive any future profits from the site
- distributing the debt as shares available for everybody that want to participate
- at the same time, the site would be improved to maximize it's potential
I understand that some people have "Newbie" status on this forum and can't participate in main discussion. So if you have other ideas on how to proceed, or just want to get in touch on this subject, please just PM me.
Again, I want to apologize for this situation. I didn't have any right to do what I did, but it happened and now it's on my head to straighten things up.
Yes, it seems very hard for Bitmarket to earn this much of money, but I think it's feasible. There are already several ideas to make this work, including:
- finding individual investors that decide to use their funds to help the current situation and receive any future profits from the site
- distributing the debt as shares available for everybody that want to participate
- at the same time, the site would be improved to maximize it's potential
I understand that some people have "Newbie" status on this forum and can't participate in main discussion. So if you have other ideas on how to proceed, or just want to get in touch on this subject, please just PM me.
M4v3R, the site owner, posted an update. Not a good one I'm afraid.
https://bitcointalksearch.org/topic/m.1413156
https://bitcointalksearch.org/topic/m.1413156
did it went like this? -> http://www.youtube.com/watch?v=_nVk25ZvTkU
bitmarket has had transactions of roughly 60,000 btc in one year. That means an average of roughly 5000btc of transactions a month. Even if you put a standard 1% fee on them that would only net you a return of 50btc a month. That's about $650 a month. Who would invest $270,000 for a return of $650 a month. Yes you could argue that it would be possible to get more users and more transactions but that is an enormous risk, especially since most users may have now lost faith in the site.
I just don't see how it's feasible.
I just don't see how it's feasible.
He seems honest but 19,980 bitcoins are missing. That's roughly $270,000 worth. I just don't see how it can survive that.
To put things in perspective, Gox makes about 10k btc a month. Bitmarket is no Gox, so it would take them longer than 2 months to recover from this, but it's not impossible. Hopefully they can get some investors to bail them out a bit, but it is possible that they can survive this.I for one hope they do.
He seems honest but 19,980 bitcoins are missing. That's roughly $270,000 worth. I just don't see how it can survive that.
i wrote him a pm and ... i still can't believe it ... he released my frozen 19 btc !!
thx, didnt expect to see them back after 2 long weeks
thx, didnt expect to see them back after 2 long weeks
well, someone else just lost 19 Btc for sure
yeah i know
at least he's trying to make up for damage he caused
i wrote him a pm and ... i still can't believe it ... he released my frozen 19 btc !!
thx, didnt expect to see them back after 2 long weeks
thx, didnt expect to see them back after 2 long weeks
well, someone else just lost 19 Btc for sure
Jump to: