Bitcoin Forum

Economy => Service Discussion => Topic started by: js1985 on November 06, 2013, 05:34:03 PM



Title: bitmit closing in 4 weeks
Post by: js1985 on November 06, 2013, 05:34:03 PM
just poped up

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!)"

so any other bitmit like sites?


edit: its official got email back from support they are closing :(


Title: Re: bitmit closing in 4 weeks
Post by: endrowski on November 06, 2013, 05:47:10 PM
---------------------


Title: Re: bitmit closing in 4 weeks
Post by: js1985 on November 06, 2013, 05:49:55 PM
was it hacked i wonder?


Title: Re: bitmit closing in 4 weeks
Post by: uk1 on November 06, 2013, 05:50:11 PM
ERROR 401 - Access Denied!
The following error occurred:

The logon attempt failed, probably because an invalid user name or incorrect password was used.

For further assistance please contact the webmaster.

Powered by ISPConfig


Title: Re: bitmit closing in 4 weeks
Post by: favdesu on November 06, 2013, 05:50:17 PM
wtf


Title: Re: bitmit closing in 4 weeks
Post by: uk1 on November 06, 2013, 05:51:00 PM
yeah wtf


Title: Re: bitmit closing in 4 weeks
Post by: captainbluff on November 06, 2013, 05:52:55 PM
maybe server crashed due too heavy BTC withdrawal requests from users wallets


Title: Re: bitmit closing in 4 weeks (or is it hacked?)
Post by: uk1 on November 06, 2013, 05:55:22 PM
just poped up

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!)"

so any other bitmit like sites?
cryptothrif


Title: Re: bitmit closing in 4 weeks (or is it hacked?)
Post by: captainbluff on November 06, 2013, 05:56:35 PM
site is back up, but my login doesn't work, anyone else?  I'm glad I was able to request withdrawal earlier today.


Title: Re: bitmit closing in 4 weeks (or is it hacked?)
Post by: mogrith on November 06, 2013, 06:01:01 PM
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.


Title: Re: bitmit closing in 4 weeks (or is it hacked?)
Post by: birkomester on November 06, 2013, 06:06:32 PM
I hope this is a joke


Title: Re: bitmit closing in 4 weeks (or is it hacked?)
Post by: js1985 on November 06, 2013, 06:08:13 PM
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

...
"


Title: Re: bitmit closing in 4 weeks (or is it hacked?)
Post by: liberman on November 06, 2013, 06:09:40 PM
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.


Title: Re: bitmit closing in 4 weeks (or is it hacked?)
Post by: js1985 on November 06, 2013, 06:16:02 PM
Yeh I wonder why this sudden move?


Title: Re: bitmit closing in 4 weeks
Post by: papaminer on November 06, 2013, 06:22:24 PM

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...


Title: Re: bitmit closing in 4 weeks
Post by: js1985 on November 06, 2013, 06:27:46 PM

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?


Title: Re: bitmit closing in 4 weeks
Post by: iron77 on November 06, 2013, 06:29:07 PM
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?


Title: Re: bitmit closing in 4 weeks
Post by: jermwerty on November 06, 2013, 06:34:11 PM
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?

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!"


Title: Re: bitmit closing in 4 weeks
Post by: iron77 on November 06, 2013, 06:45:35 PM
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.


Title: Re: bitmit closing in 4 weeks
Post by: mogrith on November 06, 2013, 07:07:48 PM
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?



Sounds like a job for https://bitcoinstarter.com/projects (https://bitcoinstarter.com/projects)


Title: Re: bitmit closing in 4 weeks
Post by: coinking on November 06, 2013, 08:51:23 PM
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?



Sounds like a job for https://bitcoinstarter.com/projects

Nailed it! +


Title: Re: bitmit closing in 4 weeks
Post by: inmabs on November 06, 2013, 11:02:05 PM
just poped up

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!)"

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.


Title: Re: bitmit closing in 4 weeks
Post by: uk1 on November 06, 2013, 11:59:08 PM
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?



Sounds like a job for https://bitcoinstarter.com/projects

Nailed it! +
like the group idea


Title: Re: bitmit closing in 4 weeks
Post by: mogrith on November 07, 2013, 12:35:36 AM
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) ?


Title: Re: bitmit closing in 4 weeks
Post by: prospector1 on November 07, 2013, 04:39:54 AM
Everybody switch to cryptothrift.com TODAY. problem solved. The escrow and payment system is better anyway.


Title: Re: bitmit closing in 4 weeks
Post by: js1985 on November 07, 2013, 11:39:11 AM
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!


Title: Re: bitmit closing in 4 weeks
Post by: fbueller on November 07, 2013, 12:45:35 PM
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.


Title: Re: bitmit closing in 4 weeks
Post by: Ford on November 07, 2013, 11:59:13 PM
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  :)