Honesty and full transparency are your only assets right now with the community and your creditors in this recovery process.
Please keep us posted.
Good luck.
Disclosure: I am not an investor or creditor.
Topic: BitMarket.Eu has closed down - page 33. (Read 204067 times)
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I would gladly apologize and praise him if here were able to turn this around but that won't happen until he publicly outlines a clear plan of action and publically states who these mysterious "investors" are or the very least proves he is actually receiving investor funds.
I don't think anyone would like to be named before we make any deal (of course they can do it themselves if they wish). I'm in talks with several people right now, two of them willing to invest in the site directly, and another two with propositions of helping them build their service for a pay (which will go directly to support withdrawals).
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Cool, when do you think we can start making our withdrawals from bitmarket.eu?
I will start processing withdrawals as soon as I acquire any funds, be it from investors or by other means. I have yet to decide if I should process them in chronological order, or distribute the available funds evenly among all users with withdrawals pending. I lean towards the former option, but it isn't decided yet.
As for my plans, I would like to resume trading on the site as fast as possible, probably on the beginning of next week. That could change, depending on the investors' wishes.
Cool, when do you think we can start making our withdrawals from bitmarket.eu?
I would gladly apologize and praise him if here were able to turn this around but that won't happen until he publicly outlines a clear plan of action and publically states who these mysterious "investors" are or the very least proves he is actually receiving investor funds. And if it is indeed such a good site or service maybe he should sell it to a more prudent operator and use the funds to repay creditors.
I wouldnt see it so negatively,
of course the donation plan did not work.
But nevertheless, the site has some potential because
a) we now have some (negative) attention
b) the site has a quite good user base i assume
As far as i am concerned, I am personally willing to invest into the site, but i would like to see a plan :-)
of course the donation plan did not work.
But nevertheless, the site has some potential because
a) we now have some (negative) attention
b) the site has a quite good user base i assume
As far as i am concerned, I am personally willing to invest into the site, but i would like to see a plan :-)
Of course he has a plan.
1. Post here telling everyone what and honest and upstanding member of the community he is because he decided to tell you, one year after the fact, that he lost all your money because he gambles with it on Bitcoinica.
2. He is now seeking "investors" who he believes will give him additional funds because he did such a great job "investing" your money.
3. And if all else fails he assumes some benefactors will contribute funds to keep his business going because he is such a fine upstanding guy and obviously talented investor.
http://blockchain.info/address/1Km5GFMat1DXcbvMTeH9ZvLGKvFCLBA9dM
When you click the link to see how the donations are flowing you will also have a pretty good idea of how the other options are working out for him.
1. Post here telling everyone what and honest and upstanding member of the community he is because he decided to tell you, one year after the fact, that he lost all your money because he gambles with it on Bitcoinica.
2. He is now seeking "investors" who he believes will give him additional funds because he did such a great job "investing" your money.
3. And if all else fails he assumes some benefactors will contribute funds to keep his business going because he is such a fine upstanding guy and obviously talented investor.
http://blockchain.info/address/1Km5GFMat1DXcbvMTeH9ZvLGKvFCLBA9dM
When you click the link to see how the donations are flowing you will also have a pretty good idea of how the other options are working out for him.
As for my plans, I would like to resume trading on the site as fast as possible, probably on the beginning of next week. That could change, depending on the investors' wishes.
ok, is there now any plan how the admin (or whoever) plans to proceed in this issue? Is there someone out there who plans to
a) Invest into the site
b) do legal action(s) against the admin?
Or what other options do you see?
a) Invest into the site
b) do legal action(s) against the admin?
Or what other options do you see?
I have only five bitcoin, so it is not a major loss, but i hope will be recover some bitcoins. My (ex) BTC were dedicated to donation... Today I'm going to donate 1 BTC to Free Software foundation but I have read the bad news 
1PC9aZC4hNX2rmmrt7uHTfYAS3hRbph4UN btc address of FSF.
1PC9aZC4hNX2rmmrt7uHTfYAS3hRbph4UN btc address of FSF.
Well, everyone can see what's been done wrong here.
The easy thing would be just to walk away, sticking around is harder.
But then again, who would trust someone that has failed miserably like this, I know I would not.
People can however change, and we all do stupid things from time to time, and some do much stupider things than others.
However, depositing money with a problem gambler I would not consider very safe.
To make sure there's no fuckups in the future, the handling of accounts and money should be left to a 3rd party, like a lawyers office.
The easy thing would be just to walk away, sticking around is harder.
But then again, who would trust someone that has failed miserably like this, I know I would not.
People can however change, and we all do stupid things from time to time, and some do much stupider things than others.
However, depositing money with a problem gambler I would not consider very safe.
To make sure there's no fuckups in the future, the handling of accounts and money should be left to a 3rd party, like a lawyers office.
You cannot be serious. You stole user funds.
So everybody go on ... blame him. I think he all ready knows exactly what he did wrong, but he's willing to get everything all right. Okay ... it's a big business to get managed and he'll try it. Don't know if he is really authentic but that doesn't matter at all ...
If I wanted to steal the money, I'd just announce that I got hacked and whole wallet was stolen.
That's what he all ready told ... and go on blaming him would take no, absolutely no effect in his attempt to get back coins for Bitmarket.eu Users ... maybe only the effect that he going to be really pissed off. That would be the point really say good bye to all. So everybody should stop this damn shitstorm and post constructive ...
And for everybody who think I should shut up and go on blaming ... I have "lost" Bitcoins on Bitmarket.eu too.
But please, don't put me in the same bag with mybitcoin. The guy just dissapeared with people's funds and provided no solution for this. Also, his core business was storing the coins safely, which he completely broke. I on the other hand did everything in my power to provide great exchange experience, and this was going quite well I think. It's a shane that I failed on the storage part...
You cannot be serious. You stole user funds. Whether you "invested" them with Bitcoinica, used them to play at the casino, bought lottery tickets with them, used them to play the stock market, placed them with pirate, or spent them on hookers and blow is irrelevant. Risking other people's funds without their permission is not doing "everything in my power to provide great exchange experience". If people wanted to risk shorting on Bitcoinica they would have done that themselves rather than leaving their funds with you for safe-keeping.
Don't blame Bitcoinica for the fact that you misappropriated user funds. That's like blaming the trainer if you'd taken user funds and bet on a losing horse at the race track.
Goldman Sachs can make arrangements with the government, how they did after dealing with John Paulson. Now you cannot call this fraud, because the court found them not guilty. http://theovertonsalon.com/2010/04/16/goldman-sachs-and-fraud/ The damage has to be caught by normal people. This is the market!
Small people like M4v3R cannot make such arrangements. This is the difference. They have to pay it itself, like the people that bought expensive houses in the US without sufficient income.
Small people like M4v3R cannot make such arrangements. This is the difference. They have to pay it itself, like the people that bought expensive houses in the US without sufficient income.
The market, Scarlet. The market is the only thing that matters, the only thing that lasts....
Bangsters are lying to you all the time, not telling you what they do with your money (Lehman Brothers). This is the market today!
@M4v3R
I believe that you are honest.
But obviously you are a mere trader. What I know of going short and long is that serious dealers want to stabilize their assets with this, something like an insurance. But your large shorting shows to me you did not believe in Bitcoins. What a pity!
I have lost many Bitcoins with GLBSE (and got back around the fifth part until now), and have learned my lesson. Happily I leaved bitmarket.eu some months ago because of security reasons. And I have little money/Bitcoins on the other trading platforms.
I used bitmarket.eu for a year very successfully, had a trading fee of 0.5%, and was helped on issues by the support. I will soon donate 10 Bitcoins (or some more, it depends) to you. I will get them back on the next (temporary) price dump.
As an anticyclic trader anyone can hedge or manipulate as much as he want, I like it.
Trust is a very expensive value even now in this world, it's now gone.
Regards
kneim
I believe that you are honest.
But obviously you are a mere trader. What I know of going short and long is that serious dealers want to stabilize their assets with this, something like an insurance. But your large shorting shows to me you did not believe in Bitcoins. What a pity!
I have lost many Bitcoins with GLBSE (and got back around the fifth part until now), and have learned my lesson. Happily I leaved bitmarket.eu some months ago because of security reasons. And I have little money/Bitcoins on the other trading platforms.
I used bitmarket.eu for a year very successfully, had a trading fee of 0.5%, and was helped on issues by the support. I will soon donate 10 Bitcoins (or some more, it depends) to you. I will get them back on the next (temporary) price dump.
As an anticyclic trader anyone can hedge or manipulate as much as he want, I like it.
Trust is a very expensive value even now in this world, it's now gone.
Regards
kneim
you should come up with a VERY GOOD plan to solve the situation quite soon. Do not dissappoint your creditors a second time, my motivation to simply put you into jail goes up every day the more it comes out on how long yiu lied about the situation
Um he did lie to you. He lied (by omission) when he took depositor funds and used them in a speculative, unregulated manner without disclosing it. He also lied when Bitcoinica failed and he was insolvent. He continued to lie for over a year hiding this material fact from depositors including new ones who deposited funds into an entity they were unaware was massively in debt (good money after bad).
I agree with you. I lied, to cover up the situation, hoping it could be resolved quicker without pissing anyone off. And by that I ended only worsening the situation. I should notify everyone about this right after the fact, but that seems obvious only now - back then it seemed a good solution.
He didn't "come clean" he simply couldn't payout withdraws (much like a ponzi) and had no choice but to admit the issue.
I will somewhat "come clean" from this after this gets resolved. And even then, people still will have right to be angry over this because I made their funds frozen for such long time.
But please, don't put me in the same bag with mybitcoin. The guy just dissapeared with people's funds and provided no solution for this. Also, his core business was storing the coins safely, which he completely broke. I on the other hand did everything in my power to provide great exchange experience, and this was going quite well I think. It's a shane that I failed on the storage part...
Well. Nicely done. Add it to the mybitcoin list. Greed always gets you funked up in the end, unless you can print. Even if you are an experienced roulette black/red player, there is always the 0!
And to the OFF Topic. It's simple! If you are high income you want to keep as much as possible, if you are low income: TAX THE RICH!
100 years of discussions by highly intellectual people, like Keynes, solved!
But I guess since I'm not highly intellectual, I would say the truth must be somewhere in the middle. But on the other hand, some say there is no truth, others say everyone lives through his own truth. In the end it's all LIES!
And to the OFF Topic. It's simple! If you are high income you want to keep as much as possible, if you are low income: TAX THE RICH!
100 years of discussions by highly intellectual people, like Keynes, solved!
But I guess since I'm not highly intellectual, I would say the truth must be somewhere in the middle. But on the other hand, some say there is no truth, others say everyone lives through his own truth. In the end it's all LIES!
Really!!??
BitMarket.eu and it's operators should be put on a bitcoin black list. I understand that current creditors want to hold hope of getting their money back.
Ask mybitcoin creditor how that worked out for them.
or Bitcoinica creditors.
or Bitfloor creditors.
etc.
The funds are gone and your hopes of being paid back only buy these operators time to magically solve a problem that never should have happened in the first play.
And how is that donation effort working out for you?
http://blockchain.info/address/1Km5GFMat1DXcbvMTeH9ZvLGKvFCLBA9dM
No sympathy here. Sorry.
BitMarket.eu and it's operators should be put on a bitcoin black list. I understand that current creditors want to hold hope of getting their money back.
Ask mybitcoin creditor how that worked out for them.
or Bitcoinica creditors.
or Bitfloor creditors.
etc.
The funds are gone and your hopes of being paid back only buy these operators time to magically solve a problem that never should have happened in the first play.
And how is that donation effort working out for you?
http://blockchain.info/address/1Km5GFMat1DXcbvMTeH9ZvLGKvFCLBA9dM
No sympathy here. Sorry.
Fucking Bitcoinica and Interscamgo is still fucking up our year. And now they're about to take Bitmarket with them, too? You did the right step admitting to it. These self-proclaimed Bitcoin promoters organizing conferences have no idea just how much they have sustainably hurt the entire Bitcoin project. Thank goodness you're not Patrick Strateman covering lies with more lies. I really hope you can set this right. Everyone will be horribly disappointed now and call you a scammer but I wish you have a chance to get out of this mess.
Um he did lie to you. He lied (by omission) when he took depositor funds and used them in a speculative, unregulated manner without disclosing it. He also lied when Bitcoinica failed and he was insolvent. He continued to lie for over a year hiding this material fact from depositors including new ones who deposited funds into an entity they were unaware was massively in debt (good money after bad).
He didn't "come clean" he simply couldn't payout withdraws (much like a ponzi) and had no choice but to admit the issue.
You call that honest? Really? Until that attitude changes Bitcoin related enterprises are simply ripe for failure.
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