This kind of sale, if it was one, i would expect from Gox, but Bitmit had a functioning information policy and actually cared about their business and their customers.
Very strange closure/sale indeed.
Topic: Bitmit - Bitcoin shopping mall - Bitcoin market place - Bitcoin auction house - page 9. (Read 142492 times)
November 11, 2013, 02:13:32 PM
November 11, 2013, 02:05:29 PM
Well since BitMit is in the toilet, what now?
Try halfpricedigital.com You can buy/sell auction items for BTC using a coinbase account! Let me know what you think.
November 11, 2013, 12:16:15 PM
Think the arguments of saving bitmit and why are pretty much irrelevant at this point since most the user base has gone over to coingig or others now. Granted a big release could prolly save the site but because of how this was handled even if brought back would not be quit what it was.
Yeah I completely agree this could've been handled in a much better way, unless they were bought out explicitly to be shutdown.
November 11, 2013, 10:09:23 AM
Think the arguments of saving bitmit and why are pretty much irrelevant at this point since most the user base has gone over to coingig or others now. Granted a big release could prolly save the site but because of how this was handled even if brought back would not be quit what it was.
November 11, 2013, 09:13:18 AM
Well since BitMit is in the toilet, what now? I stumbled onto https://cryptothrift.com . The site has almost doubled with auctions in the past half week. Their website isn't as smooth as BitMit but I've already made 3 purchases there. All has gone well so far. Give it a shot yourself.
November 11, 2013, 08:58:52 AM
what makes you think they were trading illegally??? What should these addresses "AUDIX HI-TECH INVESTMENT CO., LIMITED " etc. tell us?
November 11, 2013, 05:23:16 AM
Er…..
more likely this……….
1.Current anti-fraud clampdown in HK related to bitcoin and mainland/HK companies illegally laundering money/bitcoins without correct licenses, still ongoing……
busted companies in Central/Mong Kok/Wan Chai, looks like they are combing the Island from Central outwards West to East (kwun tong is in the East)
2.
3.
4.Bitmit
Maybe someone just panicked, because Bitmit appears to have been trading illegally from a HK address.
If anyone wants full disclosure of directors and their addresses , I can obtain it ,but I need bitcoin donation to pay government charges….
maybe there is a bigger game here that they don't want exposed….
more likely this……….
1.Current anti-fraud clampdown in HK related to bitcoin and mainland/HK companies illegally laundering money/bitcoins without correct licenses, still ongoing……
busted companies in Central/Mong Kok/Wan Chai, looks like they are combing the Island from Central outwards West to East (kwun tong is in the East)
2.
Quote
CR No.: 0252031
Company Name: AUDIX HI-TECH INVESTMENT CO., LIMITED
敦吉科技投資有限公司
Company Type: Local Company
Date of Incorporation: 12-MAY-1989
Address
FLAT B & C 20F INFOTECH CENTRE 21 HUNG TO ROAD Kwun Tong, Hong Kong
Company Name: AUDIX HI-TECH INVESTMENT CO., LIMITED
敦吉科技投資有限公司
Company Type: Local Company
Date of Incorporation: 12-MAY-1989
Address
FLAT B & C 20F INFOTECH CENTRE 21 HUNG TO ROAD Kwun Tong, Hong Kong
3.
Quote
CR No.: 0151773
Company Name: TOYO KUNI ELECTRONICS COMPANY LIMITED
豐國電子有限公司
Company Type: Local Company
Date of Incorporation: 24-MAY-1985
Company Status: Private
FLAT B & C 20F INFOTECH CENTRE 21 HUNG TO ROAD Kwun Tong, Hong Kong
Company Name: TOYO KUNI ELECTRONICS COMPANY LIMITED
豐國電子有限公司
Company Type: Local Company
Date of Incorporation: 24-MAY-1985
Company Status: Private
FLAT B & C 20F INFOTECH CENTRE 21 HUNG TO ROAD Kwun Tong, Hong Kong
4.Bitmit
Quote
企業資料
辦公地址: 香港九龙官塘鸿图道21号讯科中心B20楼F室
(Flat B 20/F, Infotech Center No.21 Hung To Road Kwun Tong, Kowloon Hong Kong)
辦公地址: 香港九龙官塘鸿图道21号讯科中心B20楼F室
(Flat B 20/F, Infotech Center No.21 Hung To Road Kwun Tong, Kowloon Hong Kong)
Maybe someone just panicked, because Bitmit appears to have been trading illegally from a HK address.
If anyone wants full disclosure of directors and their addresses , I can obtain it ,but I need bitcoin donation to pay government charges….
maybe there is a bigger game here that they don't want exposed….
November 11, 2013, 04:21:34 AM
In any case the offer must have been so high, that he didnt even bother to check the competition.
November 11, 2013, 02:07:55 AM
wtf. They had other people trying to buy it from them and didnt even bauther asking them.... 
Bitmit probably got bought out by ebay.
Bitmit probably got bought out by ebay.
That would explain the no-answer-policy.
Absolutely the most plausible explanation. Yeah, makes sense
It doesnt? Lets hear your take.
Not good for consumer choice, but it is a very effective way of staying as the top dog for ebay...
idk the seen is obvious but economics is all about the unseen. if ebay goes around buying up competition this creates incentive for entrepreneurs to make new businesses, in the hopes of being bought out, thus adding to consumer choice. on net the effect could be positive, negative or it could be a wash, i dont know really, just something to think about.
November 11, 2013, 12:54:18 AM
wtf. They had other people trying to buy it from them and didnt even bauther asking them....
Bitmit probably got bought out by ebay.
Bitmit probably got bought out by ebay.
That would explain the no-answer-policy.
Absolutely the most plausible explanation. Yeah, makes sense
It doesnt? Lets hear your take.
ebay do have a business tactic of buying the competition with an offer that can not be easily refused, and then just shutting down the competition.... (i can not name any of these "acquisitions", but i have read about them in the past)
A few million to eBay is nothing, but it is a shitload to Bitmit.....
Not good for consumer choice, but it is a very effective way of staying as the top dog for ebay...
November 10, 2013, 09:55:44 PM
wtf. They had other people trying to buy it from them and didnt even bauther asking them....
Bitmit probably got bought out by ebay.
Bitmit probably got bought out by ebay.
That would explain the no-answer-policy.
Absolutely the most plausible explanation. Yeah, makes sense
It doesnt? Lets hear your take.
November 10, 2013, 09:39:15 PM
wtf. They had other people trying to buy it from them and didnt even bauther asking them....
Bitmit probably got bought out by ebay.
Bitmit probably got bought out by ebay.
That would explain the no-answer-policy.
Absolutely the most plausible explanation. Yeah, makes sense
November 10, 2013, 09:00:07 PM
That would explain the no-answer-policy.
November 10, 2013, 08:57:51 PM
wtf. They had other people trying to buy it from them and didnt even bauther asking them....
Bitmit probably got bought out by ebay.
Bitmit probably got bought out by ebay.
November 10, 2013, 07:50:07 PM
Bitmit is shutting down its services / acquired by another company in two weeks. Please complete your orders and withdraw your funds asap!
2013 November 6th
Read more..
There has not been any hack, missing funds etc.
« The end is the beginning of all things, suppressed and hidden, awaiting to be released through the rhythm of pain and pleasure. Bitcoin evolved from a sore baby to a powerful soldier who is surrounded by a wonderful community of freedom fighters! With your help Bitcoin will be able to defend itself in the fight against all financial systems that are based on debt. But for us it's time to move on. »
We really appreciate your long time support!
THANKS AND BYE BYE!
PS: In the case you want to send us a beer: 1NEFkxyQ4ZX8a6bvdcYnodUBHh1XZxsWHU (Thx&Cheers!)
2013 November 6th
Read more..
There has not been any hack, missing funds etc.
« The end is the beginning of all things, suppressed and hidden, awaiting to be released through the rhythm of pain and pleasure. Bitcoin evolved from a sore baby to a powerful soldier who is surrounded by a wonderful community of freedom fighters! With your help Bitcoin will be able to defend itself in the fight against all financial systems that are based on debt. But for us it's time to move on. »
We really appreciate your long time support!
THANKS AND BYE BYE!
PS: In the case you want to send us a beer: 1NEFkxyQ4ZX8a6bvdcYnodUBHh1XZxsWHU (Thx&Cheers!)
November 10, 2013, 01:24:32 PM
Not sure if this is an implement feature or a bug but when sending messages I can now see the email of the other user. Personally I think this is a bug an not everyone should be able to just go and see my email.
November 10, 2013, 01:01:46 PM
But why kill the website like that, I just don't get it.....
November 10, 2013, 11:21:56 AM
Steamgames makes most of his money on bitmit. It's valuable.
November 10, 2013, 04:50:48 AM
how much do you think the site is worth???
Hard to say. 50k USD?
What are you basing that on? The risk and liability is huge with possible backdoors left in there. P & L is not known. And transfer has to go smooth with an owner who seems not interested in revealing a lot.I pretty much just made it up, to start the discussion.
November 10, 2013, 03:33:48 AM
Wonder if maybe the input.io hack got him worried since he does keep wallets on system and all. So basically decided the risk was not worth it at least for him anymore.
If he worried about that, he could make the website automatically pay out to your own private wallets when money is recieved to it's own wallets, that way nobody risks anything. The site never holds money.
Already exists at coinpost.com (which needs some work). You put in your BTC address for every item you list for sale.
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