Topic: BitMarket.Eu has closed down - page 36. (Read 204185 times)

Just from my previous experience from the site...and after reading his answer here in the forum, I am (still) quite sure he is an honest guy and i believe him when he says that he really tried his best to prevent damage from the users. Of course i am totally pissed off that he obviously left us behind in the dark for quite some time. He could have simply closed the site without coming back via the forum and not keep the trading ongoing.

Anyway, I agreed to have a skype call with him this evening, going to court is always an annoying thing, i would rather be happy to invest the missing 20.000 euro or 1800 bitcoin into that site so everybody can get his money back and implement some good ideas instead of going through a long court proceeding where i would see the money back in 2 or 3 years.

I think it is not enough to simply continue as before and charge 0.5% on every trade, there should be something more innovative like a real forex service where you can for example change bitcoin to foreign currencies at low costs (but i have no idea on how this could work in practice) or ehm yeah, i dont know yet.

If you have any good ideas for the site that could convince me for investing into that site, please let me know your thoughts.

Excellent choice of date for a coming out. On an upside, it's only bitmarket going under, not the world.

Is he actually saying: "I used YOUR funds to speculate" and "sorry - couldnt know there is risk involved. I am an experienced trader."
 
Do I actually misunderstand the business model of an escrow-service? Where the heck did you see a potential benefit for the user with the Bitcoinica adventure?

Bitcoinica went down quite a while ago - how could you cover up this mess such a long time?

...and as we conclude another episode of "The Wild West of Bitcoin"...

(think it's time to head over to Fort Gox to prepare for the impending sell-off)

Thanks for your reply.

Even though I am angry about my lost Bitcoins I have to admit that partly it's also my (our) fault. I used your site and took it for granted, not donating anything. If you had made some sort of profit (through fees or donations) you wouldn't have had to try to gain money through speculation.

Personally, I would use your site if you introduced a fee and rating system.

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.  

so im gona be 30 coins short, great christmas aint it

mralbi - if u start anything, hola at me ill testify against this

I sold BTC and just unlocked the coins. Will my counterparty be able to withdraw the coins?
Who takes the risk of a potential loss -  seller or buyer?

when 1800 coins are currently pending (and 620 or so are mine anyway), thats roughly around 20000 euro....  This is not such a huge sum (in comparison to what is with bitconia etc. lost) and i might be willing to invest under certain conditions.

I will send you a PM

Ok, thanks for this honest reply. It is really a sad story, but nevertheless, i currently have over 600 BTC at bitmarket.eu which i want to withdraw right now! (They were also meant as christmas present) When you already say right now that it is not possible i do not see any chance to avoid a court case to make my claims "official".

-Martin

You have no idea how much time I've spent to help my users with these hacks (which were not compromises of Bitmarket security). And I didn't get anything in return. If I wanted to steal the money, I'd just announce that I got hacked and whole wallet was stolen. But I want to be completely honest with my users. That doesn't make the funds magically appear, but I believe it's the right thing to do.

Time for the scammer tag.
I think that after the recents hacks on the website, the webmaster told himself "fuck it, I'm gonna steal from my users too".
Bitcoin value decreases when you do that. That's no good.

Hello all. I'm terrible sorry for not responding to this earlier. A mix of personal issues with searching for a solution prevented me from it.

Unfortunately, I have very bad news. I cannot currently proccess your withdrawals. The situation is very complicated and it's all my fault, that's why I feel terrible about it. I tried to make this up, to keep the site afloat and somehow recover the funds, but it's not possible anymore. Right now there are 1786 BTC pending withdrawal, which I can't honor...

Earlier this year, I had this "genius" idea which led me to making a fatal mistake. I thought I could provide a hedge fund service for Bitmarket users. There were other sites providing this service so I guesses that it could be successful. I had experience in trading before, all I needed is a platform. And there was one - Bitcoinica. I was so convinced with this idea (and sooo wrong in hindsight) that for a while I kept majority of "offline" Bitmarket funds there. What I didn't expect was that one day it could just dissapear - taking all the money with it. What's worse, the funds were shorted when it happened (converted to USD and sold) - and after Bitcoinica dissapeared BTC price rose by about 250% until now. So while there is still chance to recover the funds (there is an appointed liquidator assigned to this case and I've already sent in claims) it will be not enough to cover all people's funds. For the record - there are 20161 18787.72139217 BTC missing (edit: I subtracted my funds that also were deposited on Bitmarket), and Bitcoinica claims total for around 50K USD (the exact amount is uncertain because the liquidators haven't yet stated at what rate they will liquidate positions).

Sadly, I alone, I'm out of options. I don't have own money to pay for this loss (Bitmarket never made any real profit and I make up for a living by part-time web/mobile programming). The options for making this up for everyone as I see are:

- find an investor (or investors) that is willing to cover at least part of is debt. I would transfer all rights to the website software, servers and database to him and also work as a technician, possibly also implementing features he'd wanted. If you reading this have the funds necessary to make this work, PLEASE contact me on this.
- freeze all current funds and "start over" trading with explicit fees, implementing much-needed features like rating system and others. All profits from the fees would go directly to a fund for repaying the debt. I'm afraid that this option alone is not enough though - many people won't (and have full right to do so) trust the site again...
- something else?

Again, I would like to deeply apologize to everyone involved with this. I'm really sorry . I made a fatal mistake and I have to deal with it now. If you thinking about sueing me about this - you have full right to do so, but I don't think it's a good idea - I don't have any money so winning a case will get nothing for you and possibly ruin my life . It also would prevent me from doing anything to alleviate this situation, and I really want to make this up for everyone and I'm willing to do anything in my power to do this. I had many sleepless nights thinking about how I can make this tight. I just need some help with this.

Last, but not least...
If you have any bitcoin you can donate to help users that have locked funds, please send them here: 1Km5GFMat1DXcbvMTeH9ZvLGKvFCLBA9dM
All received Bitcoins will go directly to process withdrawals. I will update how much is left in this thread.

iv been waiting 12 days on my coins why do i not have them?

I am glad I have withdrawn all my BTCs some weeks ago from bitmarket.eu - I had reported irregular behavior of their system on this forum to warn everybody. And there was no serious response from bitmarket.eu to take my concerns serious.

So I have lost all my trust and confidence in them and see no future for them.

I have moved my EUR-related xchange activities to bitcoin.de. It is also using the same principles with direct SEPA transactions between users in EUR and some other platforms, but if you use it you'll see that there is much more substance behind their system as compared to bitmarket.eu. The 0.5% fee is quite justified in my opinion, you cannot expect reliable service for free from bitmarket.eu on the long term - if they have no business model they'll close down sooner or later. I hope for everyone that you'll be able to get back your funds.

Same problem here, I wait several days for a BTC withdrawal (and I'm not a newbie).
Bitmarket account: hafey. These are 327 BTC, therefore I'm a bit concerned.

M4v3R, could you check this?

It is on their Twitter feed:


 - https://twitter.com/bitmarketeu/status/278375595774210048

Bitmarket.eu is asking for help: https://bitmarket.eu/donate

Due to the lack of response from them, i wonder if that page is legitimate, or put together by some hackers...

Because I have in my bank account 705 GBP that is about 75 BTC and she got 50BTC  so I had to send to her 25 BTC more.


Ofcourse You are right.


Thank you, I already  get the bank statement and very soon police wil be reported.