However, not all is lost (or at least i dont think so....
.@fbueller we so need to talk.... maybe one day soon
Topic: bitmit closing in 4 weeks (Read 1949 times)
This does surprise me, yet i wonder if they will actually go through with this!
However, not all is lost (or at least i dont think so.....
@fbueller we so need to talk.... maybe one day soon
However, not all is lost (or at least i dont think so....
.@fbueller we so need to talk.... maybe one day soon
This move is really surprising. Maybe they've just made their money! All the same it's a disappointment, I quite liked bitmit. Hard to see how they can justify shutting it down when they've easily been making a fortune on the exchange rate recently..
On that note, I'll mention that BitWasp is a worthy project to look at around now- bring bitcoin merchant capabilities onto your own site for free.
On that note, I'll mention that BitWasp is a worthy project to look at around now- bring bitcoin merchant capabilities onto your own site for free.
Everybody switch to cryptothrift.com TODAY. problem solved. The escrow and payment system is better anyway.
cryptothrift.com are nothing like bitmit, nor do they allow sell as many items like for example amazon.com giftcards
coingig.com on the other hand looks promising!
Everybody switch to cryptothrift.com TODAY. problem solved. The escrow and payment system is better anyway.
But what would we be buying? A fee share? If I kick in 1BTC do I get .001% of fees (flat) or if the project raises 750BTC do I get 1/750%-operational cost (proportional) ?
It sucks, it served well for me. I hope an adventurous investor will show up and take this on.
Also, I haven't done any calculations, but my feeling is, when charging 1.9% per trade, they should be able to make this profitable or at least have prospects to so. Maybe they had regulatory issues?
Man, I want to buy it. Maybe some other vendors/sellers will join me to crowdsource it?Also, I haven't done any calculations, but my feeling is, when charging 1.9% per trade, they should be able to make this profitable or at least have prospects to so. Maybe they had regulatory issues?
Sounds like a job for https://bitcoinstarter.com/projects
Nailed it! +
just poped up
so any other bitmit like sites?
edit: its official got email back from support they are closing
Quote
"Bitmit is closing
Bitmit is shutting down its services in four weeks. Please complete your orders and withdraw your funds!
2013 November 6th
You are allowed to place new orders until November 13th.
If you are interested in buying the site we will publish further information in about 2 weeks. Meanwhile please stay patient.
« 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: 1KBbTJ1G1KBJmdqiFbYDRh6KiBwFUWkUis (Thx&Cheers!)"
Bitmit is shutting down its services in four weeks. Please complete your orders and withdraw your funds!
2013 November 6th
You are allowed to place new orders until November 13th.
If you are interested in buying the site we will publish further information in about 2 weeks. Meanwhile please stay patient.
« 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: 1KBbTJ1G1KBJmdqiFbYDRh6KiBwFUWkUis (Thx&Cheers!)"
so any other bitmit like sites?
edit: its official got email back from support they are closing
www.xbtplaza.com has many other functionalities than bitmit, just register as bussiness to sell.
It sucks, it served well for me. I hope an adventurous investor will show up and take this on.
Also, I haven't done any calculations, but my feeling is, when charging 1.9% per trade, they should be able to make this profitable or at least have prospects to so. Maybe they had regulatory issues?
Man, I want to buy it. Maybe some other vendors/sellers will join me to crowdsource it?Also, I haven't done any calculations, but my feeling is, when charging 1.9% per trade, they should be able to make this profitable or at least have prospects to so. Maybe they had regulatory issues?
Sounds like a job for https://bitcoinstarter.com/projects
Nailed it! +
It sucks, it served well for me. I hope an adventurous investor will show up and take this on.
Also, I haven't done any calculations, but my feeling is, when charging 1.9% per trade, they should be able to make this profitable or at least have prospects to so. Maybe they had regulatory issues?
Man, I want to buy it. Maybe some other vendors/sellers will join me to crowdsource it?Also, I haven't done any calculations, but my feeling is, when charging 1.9% per trade, they should be able to make this profitable or at least have prospects to so. Maybe they had regulatory issues?
Sounds like a job for https://bitcoinstarter.com/projects
Man, I want to buy it. Maybe some other vendors/sellers will join me to crowdsource it?
I think I'd consider buying shares (if offered), if website would be moved to responsible hands.
It sucks, it served well for me. I hope an adventurous investor will show up and take this on.
Also, I haven't done any calculations, but my feeling is, when charging 1.9% per trade, they should be able to make this profitable or at least have prospects to so. Maybe they had regulatory issues?
Also, I haven't done any calculations, but my feeling is, when charging 1.9% per trade, they should be able to make this profitable or at least have prospects to so. Maybe they had regulatory issues?
With as much at bitmit has been down despite having cloudflare and all the rest the question becomes how much of a PITA does the current owner want to deal with?
Look he has been in BTC a long time. He's probably made enough (hopefully) to move on to other things without dealing with all the problems runnning a BTC site like bitmit poses.
I'm very sad as I both bought and sold ASICs on bitmit. Seemed like a slick no-brainer escrow system.
Thanks hackers & DDOS script kiddies. "This is why we can't have nice things!"
It sucks, it served well for me. I hope an adventurous investor will show up and take this on.
Also, I haven't done any calculations, but my feeling is, when charging 1.9% per trade, they should be able to make this profitable or at least have prospects to so. Maybe they had regulatory issues?
Also, I haven't done any calculations, but my feeling is, when charging 1.9% per trade, they should be able to make this profitable or at least have prospects to so. Maybe they had regulatory issues?
This catches my attention:
Quote
If you are interested in buying the site we will publish further information in about 2 weeks. Meanwhile please stay patient.
does this mean they don't have enough profit margin?
They started as a ebay for bitcoin sites "WITHOUT ADVERTISEMENT"... then now they added a few AD BANNERS...
so it must've been about the profit margin? just my opinion...
Properly coded a site like that could be run on 100/month server at its current number users, its not that big nor needs fancy algorithms or anything, maybe pay a bit more for ddos protection to cloudflare
The adverts alone should be paying alot more than that, never mind the fees
I wonder why sudden decision?
This catches my attention:
Quote
If you are interested in buying the site we will publish further information in about 2 weeks. Meanwhile please stay patient.
does this mean they don't have enough profit margin?
They started as a ebay for bitcoin sites "WITHOUT ADVERTISEMENT"... then now they added a few AD BANNERS...
so it must've been about the profit margin? just my opinion...
Yeh I wonder why this sudden move?
Bad movement from their part if they do so.
You have to be stupid to close a site like this right now, when all expectations about bitcoin are comming faster and faster. Bitmit could be a real monster in 2 years. Closing now has no sense at all.
You have to be stupid to close a site like this right now, when all expectations about bitcoin are comming faster and faster. Bitmit could be a real monster in 2 years. Closing now has no sense at all.
I asked if the closure is official and pointed out problems with site got reply
Quote
"
hi!
Yes this is official. There was a temp. server issue!
Kind regards
...
" hi!
Yes this is official. There was a temp. server issue!
Kind regards
...
I hope this is a joke
https://bitdazzle.com is more of an etsy than ebay. set up a store to sell for or buy not auction items.
I can't get into my account either. Luckily no money in it but did have a bid on a blu-ray disk.
I can't get into my account either. Luckily no money in it but did have a bid on a blu-ray disk.
site is back up, but my login doesn't work, anyone else? I'm glad I was able to request withdrawal earlier today.
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