Bitcoin Forum

I did not receive this notice in my email so I wanted to let the community know about it.

Supplemental Notice (October 11, 2013)

As of October 8, 2013, BitFunder is not assessing any new fees against any user BitFunder knows to be a U.S. person and whose account will be restricted in accordance with BitFunder's October 8, 2013 notice.

Users who are U.S. persons or users who fail for any reason to provide the information necessary to obtain "Verified" status are encouraged to transfer their shares from the BitFunder site to the respective issuer(s) no later than December 1, 2013.

As of December 2, 2013, BitFunder will initiate a transfer from the BitFunder site to the respective issuer(s) of any remaining shares held by any users that BitFunder knows to be U.S. persons or who did not obtain "Verified" status by December 1, 2013, and will provide the issuer(s) with the public bitcoin address associated with the user account. After transfer, each user will need to work with the issuer(s) with respect to the future treatment of the shares.

On December 2, 2013, all bitcoin balances in the accounts of users that BitFunder knows to be U.S. persons and users that did not obtain "Verified" status by December 1 will be transferred to their linked WeExchange accounts.

And from the original notice: Users will be able to withdraw holdings and Bitcoins from their BitFunder accounts before and after November 1, 2013.


I am a US citizen so... This new notice and the prior notice combined state that there is no reason to sell your shares at pennies on the dollar.  You have until December 1st to get this straightened out. 

Subsequently, I have canceled all of my sell orders and changed them to a 5% or 10% discount.  So I added up the prices I paid for the stock, multiplied that price by .95 or .90, and set a new price. 

In the meantime, until December 1, I am still collecting dividends and have the sell prices set.  If sales do not occur by Dec. 1, then I will have to work something out with the issuer. 

Nice attempt to get a quick spike to liquidate your holdings. There is every reason to panic - 2 major exchanges closing or effectively closing down is dire news.

The sell off will and should continue until a solution is found.

There is always a chance that the price would be even lower when it is closer to December 1st.

There is no doubt it is headed down. At this point you either have to be a gambler or a fool to hold securities. The smart money has already left.

Yap, it sucks for US people, but life goes on, shares are already gaining their value.

Im not in the US so I can trade but its a real risk now, I am guessing that the majority of investors in most securities on bitfunder were US citizens. As bitfunder has not disclosed what regulations will be imposed on them as a trading platform its hard to imagine that this hole will be filled by new investors...
Im still holding on to a few shares but the future does not look bright.



 

Wait for the Chinese to discover securities...

And imagine this as what the silk road shutdown did to the bitcoin price, the market will recover.

Not sure if the Chinese "discovering" bitcoin securities will be interested in sending all of their personal information to trade in your unregistered stocks.  Starting a new exchange, with new offerings, is far more likely.  When people are willing to operate in the gray zone, they usually want a reasonable payoff for their risks.  Why invest in ventures already on the regulator's radar & failing, if starting from scratch guarantees you higher profits?

pedrog, Thank you for making my point.  After the panic selling is done, the values of the stock bounce back.  RTM, Cado.Avalon are almost back to where they were before the panic. 

TAT.virtualmine is down about 60% in value. 

To the guys that are saying I am pumping up the value just to inflate prices, you are entitled to your opinion, although you must be trolls.  I have been trading on the REAL stock market for over 2 decades!

I was just trying to point out to children that the 'smart money' has not left already.  The 'sky is falling' chickens have left, the rest of us that have been doing it for awhile actually BUY shares while the fire sale is happening and catch the profits on the rebound.  This works about 75% of the time. 

When everyone was 'freaking out' two weeks ago, I bought 30BTC at $109 and sold them yesterday for $138!

Oh wait the 'SMART MONEY' must have sold their's at $109 also..... just like the idiot's that are selling their shares for 10% of what they paid for it.  (I love you guys!  I have made more money in the last decade on PANIC SELLING, that I have actually made on dividends, and price increases.)

I guess I have no idea what I am talking about though, I authored this post just so I can play 'pump and dump'!  Fucking Morons! >:(

Let's see here...
If you're right, you're being an idiot by telling us this.  Panic sells will dry up, your edge squandered away on taunting some n00bs.
Patently stupid.
If you're wrong, then ... no one bought, still stupit.

It would be nice to see Chinese bitcoin securities exchange do well, if 796 had more securities I would use it.
I can see group funding, micro-credit, crypto stocks and the likes taking off faster in China then the US rite now.

The firesale on bitfunder is a bit more then a panic, I don't remember the last time NASDAQ closed all trading for US citizens.  Trading should have been frozen on all US assets the minute they got this news.
It will be interesting to see who does this rite in the future.

what is acctually happened at US cause the trading not available for us citizen

Well, look at that!  I was able to sell NEOBEE at 5% less than I paid for it.  

Actually I do know what TAT.VM is and would actually like to keep it but have not heard of it being relocated.

And the 'fire sale' continues! 

I was planning to stay on there but now I see the issuers doing all sorts of stupid crap  >:(

I don't know if it's all deliberate ploys to buy back their own shares for satoshis, but if you're trying to fly under the SEC radar, stop giving your shareholders reasons to complain to them!

At any and every point you had to be a gambler (https://bitcointalk.org/index.php?topic=301008.0) or a fool to hold "securities" on play exchanges. The smart money has been on MPEx. It has never been wading through the flotsam. This is an opportunity to recognize what doesn't work, and why --make sure you understand this lesson in its entirety or you'll likely end up in the same spot again.

Your probably correct, but your fee is way to steep and honestly I have no idea how to use your site.

I guess I could use coinbr

You should probably check out the FAQ (http://mpex.co/faq) (nos. 3 - 6 in particular). GPG is your friend, and ultimately it's kinda silly to be interested in cryptocurrency without learning how to use relevant cryptography tools. You can use a broker if you prefer, though, sure.

You forgot to add that the 'design' is from the jurassic era...

Yeah yeah, see here (https://bitcointalk.org/index.php?topic=313872.msg3374203#msg3374203).

What's the trading volume on your site over the last month?

Stop being retarded already.

I'll take that as a "no-one uses my site, duh"