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Topic: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 21. (Read 119725 times)

klf
legendary
Activity: 1344
Merit: 1000
How many incompetent Bitcoin-altcoin exchanges can people make? Sad
legendary
Activity: 2898
Merit: 1017
Finally, getting everything out.. moving to poloniex.
legendary
Activity: 1055
Merit: 1002
Almost all withdraw enable, left only several coins like GML, BTS, XCR and some more.
hero member
Activity: 714
Merit: 500
Is there present any article where they have explained ALL the story of that hack? I really want to know all the explanation, and maybe one day I will start to use again bter (but obviously I will not keep my coin there for more the 10 minutes).

It turns out that trading at bter is still more rewarding, even today, both in terms of money and satisfaction. Well, they may just be deliberately injecting liquidity right now, but it still looks like good ol' days as before the hack happened.


So I assume they don't want to give a full explanation, until that day I will not deposit on bter.com anymore (I don't trust them, if they don't want to explain).
hero member
Activity: 742
Merit: 526
Is there present any article where they have explained ALL the story of that hack? I really want to know all the explanation, and maybe one day I will start to use again bter (but obviously I will not keep my coin there for more the 10 minutes).

It turns out that trading at bter is still more rewarding, even today, both in terms of money and satisfaction. Well, they may just be deliberately injecting liquidity right now, but it still looks like good ol' days as before the hack happened.
hero member
Activity: 714
Merit: 500
Is there present any article where they have explained ALL the story of that hack? I really want to know all the explanation, and maybe one day I will start to use again bter (but obviously I will not keep my coin there for more the 10 minutes).
hero member
Activity: 742
Merit: 526
With all the history of Bitcoin exchanges failing I'm surprised people are still keeping large amounts of Bitcoin on them.

It doesn't seem anybody is learning from the mistakes made in the past and history keeps repeating itself.

*shrug shoulders* Learn what? If you are investor for sure it is bad idea to hold money on exchange: you buy them, withdraw and wait for good price to sell. But we are traders! More money i use for trade more profit i gain. I can't not hold money on exchange :|
Just need count a risk.. Possible profit for several mounth should cover possible lose due of hack/scam. After all old, big exchanges lose money not each month...

On one of the previous pages in this thread I gave precise calculations, i.e. if you're making 1% on your capital daily distributing it between 4 (or more) exchanges (and compound), you will stay profitable if the rate with which exchanges run away or run over with thieves should not exceed one exchange per month.
legendary
Activity: 1055
Merit: 1002
With all the history of Bitcoin exchanges failing I'm surprised people are still keeping large amounts of Bitcoin on them.

It doesn't seem anybody is learning from the mistakes made in the past and history keeps repeating itself.

*shrug shoulders* Learn what? If you are investor for sure it is bad idea to hold money on exchange: you buy them, withdraw and wait for good price to sell. But we are traders! More money i use for trade more profit i gain. I can't not hold money on exchange :|
Just need count a risk.. Possible profit for several mounth should cover possible lose due of hack/scam. After all old, big exchanges lose money not each month...
legendary
Activity: 868
Merit: 1000
twitter.com/natmcmolecule
NXT withdrawals enabled! Feathercoin and Quark still disabled, but it feels good to get my NXT out of there.
legendary
Activity: 1022
Merit: 1000
With all the history of Bitcoin exchanges failing I'm surprised people are still keeping large amounts of Bitcoin on them.

It doesn't seem anybody is learning from the mistakes made in the past and history keeps repeating itself.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
So are people actively trading on there again? Or are folks just trying to get their alts back? There seems to be orders live on the site but didn't know if that was just left overs from before?

There is quite some trading activity on the XXX/CNY pairs and some one the XXX/BTC pairs. Time will tell if they can sustain this activity.

Yeah I think i'd still be a bit tentative about sending any BTC there....

Me too. I cashed out all my coins and am now waiting for a BTC_B/BTC pair. I would then be willing to deposit some BTC to grab some cheap BTC_B from panic dumpers.

X2
sr. member
Activity: 448
Merit: 250
Changing avatars is currently not possible.
So are people actively trading on there again? Or are folks just trying to get their alts back? There seems to be orders live on the site but didn't know if that was just left overs from before?

There is quite some trading activity on the XXX/CNY pairs and some one the XXX/BTC pairs. Time will tell if they can sustain this activity.

Yeah I think i'd still be a bit tentative about sending any BTC there....

Me too. I cashed out all my coins and am now waiting for a BTC_B/BTC pair. I would then be willing to deposit some BTC to grab some cheap BTC_B from panic dumpers.
hero member
Activity: 615
Merit: 500
So are people actively trading on there again? Or are folks just trying to get their alts back? There seems to be orders live on the site but didn't know if that was just left overs from before?

There is quite some trading activity on the XXX/CNY pairs and some one the XXX/BTC pairs. Time will tell if they can sustain this activity.

Yeah I think i'd still be a bit tentative about sending any BTC there....
sr. member
Activity: 448
Merit: 250
Changing avatars is currently not possible.
Can anyone see their trading history?

No, there is no history anymore in my account. Maybe ask support if they can retrieve your history.
sr. member
Activity: 448
Merit: 250
Changing avatars is currently not possible.
So are people actively trading on there again? Or are folks just trying to get their alts back? There seems to be orders live on the site but didn't know if that was just left overs from before?

There is quite some trading activity on the XXX/CNY pairs and some one the XXX/BTC pairs. Time will tell if they can sustain this activity.
hero member
Activity: 615
Merit: 500
So are people actively trading on there again? Or are folks just trying to get their alts back? There seems to be orders live on the site but didn't know if that was just left overs from before?
hero member
Activity: 742
Merit: 526
Can anyone see their trading history?

Yes, I can see the history of my trades that I made after the restart of the exchange. There is no history before that, but as I remember, they only save trading history for a few last days of trading.
hero member
Activity: 966
Merit: 1003
Can anyone see their trading history?
sr. member
Activity: 448
Merit: 250
Changing avatars is currently not possible.
Good signs from the exchange indeed. I might get back trading there when they hit 1000btc volume with the altcoins..  Roll Eyes

That might be earlier than you think! 300 BTC already and with Fiat it is very close.
Alt-BTC trading (which is the market i'm referring to since thats the market that I trade) is only @150BTC

Meaning that i'm not counting the fiat market.

Ok, but even then its:

 Volume:
Fiat : $89043
BTC : ฿235
LTC : Ł4730

Pretty sick, compared to the sentiment of a week ago.

EDIT: Just realized that this also counts BTC/CNY. So you are right!
legendary
Activity: 2898
Merit: 1017
Good signs from the exchange indeed. I might get back trading there when they hit 1000btc volume with the altcoins..  Roll Eyes

That might be earlier than you think! 300 BTC already and with Fiat it is very close.
Alt-BTC trading (which is the market i'm referring to since thats the market that I trade) is only @150BTC

Meaning that i'm not counting the fiat market.
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