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Bitcoin => Bitcoin Discussion => Topic started by: Robin,Hood on May 11, 2018, 10:36:43 AM



Title: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Robin,Hood on May 11, 2018, 10:36:43 AM
Short version international payment made on April 6, 2018 and today May 11, still not received, at least that is the claim. Numerous phone calls to my bank just the basic reply that a text has been forwarded to the receiving bank.  Also numerous confirmation that it did receive the payment, but my bank is in no position to know if it has been credited to the customer account. The Agricultural Bank of China did receive so they claim.




 














Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: angelfaria on May 13, 2018, 12:54:54 PM
You had to face a big hassle. Yes, Bitcoin is necessary. More to that, in many fields it has become an rgent need now.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Xester on May 13, 2018, 01:03:50 PM
That is why I hate banking transactions there is too much to do and it is a hassle. Also even if it is the banks fault you have no choice but to comply with the procedures and undergo many processes. Thus instead of the bank I am using my bitcoin wallet as my own bank and the banks are just secondary options to me.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Jonsnowstark on May 13, 2018, 01:30:07 PM
Yes this is indeed true. A lot of us has bad experiences with banks especially wire transfer. Apart from the fees the banks charge is the confirmation time takes too long. You will be charged the wire transfer fee plus the 1% international charge. It means the higher the amount you send the higher the fee will be charged to you.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: sri11 on May 13, 2018, 01:47:01 PM
the banking system sometimes gets a lot of people upset because too much has to be wasted on income tax transfer fees and more, and it's all very different from the very fast bitcoin system for easier and faster transactions which is why altcoin is so needed


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: jseverson on May 13, 2018, 02:58:05 PM
That sucks. There are way too many parties involved that there's really no way to pinpoint which one is causing the problems. But yeah, it's one problem that Bitcoin is aiming to solve. The less parties involved, the less complicated the situation will be. I'd certainly love to live in a world where SWIFT transactions aren't necessary.

As for your problem itself, don't you have a copy of the transaction slip or something similar? That should be enough proof for the receiving bank to investigate any problems. It's going to be a massive pain either way though.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: badakjawa on May 13, 2018, 03:17:17 PM
yes, the bank transaction system sometimes makes us dissatisfied with every of their services. the bank system just makes us busy with things that are not important. inefficient and unprofessional.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: joebrook on May 13, 2018, 03:41:38 PM
You had to face a big hassle. Yes, Bitcoin is necessary. More to that, in many fields it has become an rgent need now.
Its very necessary that Bitcoins and the major cryptos are all integrated in the payment systems everywhere so that both the customers and the seller can enjoy a very smooth transaction. This even makes the value of the crypto soar even higher.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Brianlee0112 on May 13, 2018, 04:59:56 PM
In Real life i guess bitcoin is important because of its market share and facilities i dont think litecoin is beneficial for users where bitcoin have this many facilities because of limitless trading and securities so bit coin is more important than litecoin or beneficial also .


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Robin,Hood on May 13, 2018, 06:39:46 PM
That sucks. There are way too many parties involved that there's really no way to pinpoint which one is causing the problems. But yeah, it's one problem that Bitcoin is aiming to solve. The less parties involved, the less complicated the situation will be. I'd certainly love to live in a world where SWIFT transactions aren't necessary.

As for your problem itself, don't you have a copy of the transaction slip or something similar? That should be enough proof for the receiving bank to investigate any problems. It's going to be a massive pain either way though.
I have a letter from the bank and money being deducted from account i can clearly see online and every phone call i made i am told the receiving bank got it but my bank can not say if customer account has been credited.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: yojodojo21 on May 13, 2018, 06:47:00 PM
So your saying you have transacted and shipped a miner to somebody via bank payment that is why you are asking for bitcoin/litecoin illegibility to takeover as payment.? (Correct me if I am wrong.) If that was the case, I think you should contact with legit miners here in the forum who has positive trust and take some escrows through the transactions for less hassle. It's a better way to do, peer to peer rather than person to bank, and bank to person.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Robin,Hood on May 13, 2018, 06:54:13 PM
So your saying you have transacted and shipped a miner to somebody via bank payment that is why you are asking for bitcoin/litecoin illegibility to takeover as payment.? (Correct me if I am wrong.) If that was the case, I think you should contact with legit miners here in the forum who has positive trust and take some escrows through the transactions for less hassle. It's a better way to do, peer to peer rather than person to bank, and bank to person.
No i ordered a product and the second of the three payments made so for is lost by banks. The third payment is taxes and import duties plus container deposit. The first i ordered one unit and company stuffed up and sent 5. 

  • I have letter from bank with confirmation of electronic transfer on 6th April
  • When i log into online banking i can see money deducted on 6th April and still missing
  • When i phone bank and inquire about it i am told a message has been sent to receiving bank and the await reply and several times confirmed verbally on the phone that money is with receiving bank.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: pitiflin on May 13, 2018, 07:32:43 PM
No i ordered a product and the second of the three payments made so for is lost by banks. The third payment is taxes and import duties plus container deposit. The first i ordered one unit and company stuffed up and sent 5. 
  • I have letter from bank with confirmation of electronic transfer on 6th April
  • When i log into online banking i can see money deducted on 6th April and still missing
  • When i phone bank and inquire about it i am told a message has been sent to receiving bank and the await reply and several times confirmed verbally on the phone that money is with receiving bank.
Alright what lame ass "company" forces its buyer to buy a minimum of 5 units? You should sue them,they are the ones who have cost you the problem. Was such a thing like,:
A minimum of 5 units should be purchased. mentioned in the terms? If no,sue them,fucking sue them. And seriously how in the fucking world did the bank lose money ??? Are you kidding me? And they ask people to trust them with billions and billions of dollars/any other currency. Go to your bank personally and create a ruckus(say some honest shit about their bank), they will listen to you. I have seen it happening,and it will work again.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Robin,Hood on May 13, 2018, 07:54:44 PM
No i ordered a product and the second of the three payments made so for is lost by banks. The third payment is taxes and import duties plus container deposit. The first i ordered one unit and company stuffed up and sent 5.  
  • I have letter from bank with confirmation of electronic transfer on 6th April
  • When i log into online banking i can see money deducted on 6th April and still missing
  • When i phone bank and inquire about it i am told a message has been sent to receiving bank and the await reply and several times confirmed verbally on the phone that money is with receiving bank.
Alright what lame ass "company" forces its buyer to buy a minimum of 5 units? You should sue them,they are the ones who have cost you the problem. Was such a thing like,:
A minimum of 5 units should be purchased. mentioned in the terms? If no,sue them,fucking sue them. And seriously how in the fucking world did the bank lose money ??? Are you kidding me? And they ask people to trust them with billions and billions of dollars/any other currency. Go to your bank personally and create a ruckus(say some honest shit about their bank), they will listen to you. I have seen it happening,and it will work again.
The very first thing i did walk into the branch and then was told that they cant help as it was done online and not at the teller i would need to phone head office.
Sue easy said than done if on the other side of globe first you need to find someone to represent you then up front pay....


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: pixie85 on May 13, 2018, 08:08:04 PM
That's what you get when you trust other people with your money. I've been through this bullshitting a couple times and it seems that the customer support can't access your account or the bank data. They're there only to notify their superiors about the problem and so it continues for days and days. I'll repeat after them: sorry about your money" : :-[

https://boerse.ard.de/aktien/savedroid-and-its-gone100~_pd-1524057894491_v-z-a-par-a-xl.jpg


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Robin,Hood on May 13, 2018, 08:16:31 PM
That's what you get when you trust other people with your money. I've been through this bullshitting a couple times and it seems that the customer support can't access your account or the bank data. They're there only to notify their superiors about the problem and so it continues for days and days. I'll repeat after them: sorry about your money" : :-[

https://boerse.ard.de/aktien/savedroid-and-its-gone100~_pd-1524057894491_v-z-a-par-a-xl.jpg
Yes the person on the phone just sees some section of the account. When i phone two three times she says "please wait i have to check with backoffice" for simple things like to sent a fax (?) to the receiving bank as requested by the shipper.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: swissgang on May 13, 2018, 08:46:27 PM
Banks do really suck, I would not use banks if there is a better choice, though bitcoin is amazing and will distrupt the currency monetary system I don't think it is ready now.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: rob143 on May 13, 2018, 08:57:12 PM
itcoin and litecoin are more than needed for fast payments, but to be honest, litecoin is faster.
Confirmations takes less than five minutes, and the fees are less than $0,10 per transaction. Bitcoin is totally the opposite.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: aitrading on May 13, 2018, 09:53:47 PM
Omg, you are having bad experience with it. Reminded me a story [on Reddit] from indian guy who still can't receive his a big amount of money from african country. Just stupid emails and calls from bank.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: pitiflin on May 13, 2018, 10:34:07 PM
is l
The very first thing i did walk into the branch and then was told that they cant help as it was done online and not at the teller i would need to phone head office.
Sue easy said than done if on the other side of globe first you need to find someone to represent you then up front pay....
In some countries you can represent yourself as your own lawyer.

Whatever the teller told you, it is shit. That's ridiculous. This is not 1860s we are living in. Technology has been updated for a reason. The teller definitely would have access to the details, I know how a bank works, in and out. That head office thing is crap, trust me.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: snaper14 on May 13, 2018, 10:40:56 PM
it is a simple and very effective example of why we need btc and digital currencies. You don`t have to deal with such issues, whenever you see the transaction in blockchain you don`t have to worry than for anything.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: luisowens on May 13, 2018, 11:20:14 PM
it's a hell kinda post. very much imative and full with informations. people who are new will be able to understand about all these payments methods and potential of cryptos. BTCBTC


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Robin,Hood on May 14, 2018, 05:36:32 AM
it is a simple and very effective example of why we need btc and digital currencies. You don`t have to deal with such issues, whenever you see the transaction in blockchain you don`t have to worry than for anything.
Exactly, as it stands I see nothing except that the money has been deducted from my account.
What they have done with the money is anyones guess, maybe i am financing someone a short term loan and then at some stage im told it was credited by accident to unknown account and will be returned.

Quote
The teller definitely would have access to the details,
Yes, access for sure, but she sure did not want to help. In her view i did not come to her and asking for her service to do the payment instead done it myself so i should deal with it now by myself.

Also it cost me a whopping £25 to fill in the data on the website.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Herbert2020 on May 14, 2018, 05:41:07 AM
well what you explained here can be one of the many reasons we need bitcoin but to be honest i don't see why you think we also need litecoin!
i am a fan of litecoin but also i know that it is not really a unique project! it is the copy of bitcoin with no significant change that matters. having faster block generation and a tiny bit different algorithm doesn't make it good for payments really.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Robin,Hood on May 14, 2018, 06:14:43 AM
well what you explained here can be one of the many reasons we need bitcoin but to be honest i don't see why you think we also need litecoin!
i am a fan of litecoin but also i know that it is not really a unique project! it is the copy of bitcoin with no significant change that matters. having faster block generation and a tiny bit different algorithm doesn't make it good for payments really.
Yes it is just one reason of many and a valid one. It is easier to write a 4 than 4 zeros and 4 numbers, put anyway its not the issue at hand here.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Robin,Hood on May 14, 2018, 06:25:12 AM
Registered and complained about the situation by Financial Ombudsman


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: freesia_pnp888 on May 14, 2018, 06:42:33 AM
you made this? wow?


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Kakmakr on May 14, 2018, 07:16:43 AM
I had something similar happening to me with a simple Bank transfer between two Banking groups. I bought a car and I transferred the money from my Bank to a Bank within another group of Banks. The Bank said the transfer will take between 24hours to 48hours to be completed. <And here, we get people complaining about confirmations that takes 1 to 4 hours>

In the end, the Bank transfer took 52 hours and the Seller nearly cancelled the verbal agreement that we had between us. He thought I was trying to get out of the deal. After a lot of negotiations and begging, I managed to buy the car.  >:(


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Robin,Hood on May 14, 2018, 07:42:45 AM
Just of the phone to the bank with a 36min long call. Bank has confirmed to me again and again that money is at receiving bank and the receiving bank has got "difficulty" crediting the beneficiary account. Three messages have been forwarded from my bank to Agricultural Bank of China the last on May 9 none have been applied to. 
Meantime demur-age penalties mounting plus what not.

 

10 min confirmation time, lol


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: eternalgloom on May 14, 2018, 10:28:48 AM
Honestly, if I were you I would have just cut my losses, depending on how much money I'd already invested up to that point.
How much was the total price you had to pay for those 5 units? How much time have you spent in total? (rough estimate)

Looking at your timeline, it surely has to be a couple of days, so your earlier comparison to this being the equivalent to a full time job isn't too off.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Robin,Hood on May 14, 2018, 10:54:10 AM
Honestly, if I were you I would have just cut my losses, depending on how much money I'd already invested up to that point.
How much was the total price you had to pay for those 5 units? How much time have you spent in total? (rough estimate)

Looking at your timeline, it surely has to be a couple of days, so your earlier comparison to this being the equivalent to a full time job isn't too off.
Yes just depending what happens with the second payment.




Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Robin,Hood on May 14, 2018, 02:36:30 PM
So just received new email

Quote
Dear sir,
we have just received message from our accounting department that today they where at the bank to check what exactly is the problem since information keep coming from your bank that the transfer is with the receiving bank.
our bank said it is possible for payment to have arrived at the head office and since there are many transfer every day from all over the world probably their is a lot of ques on transfers and all international transfer will first arrived to the main head office before the head office will then sending to various branch for account to be credited.

so now this is the solution given by our branch office,  that you have to go to your bank and request that your bank send a swift message urgently to our bank branch and head office stating that the transfer of the xxxxusd to should be urgently credited to the follow account details below as a matter of urgency.
.......
.......
.......

so once the swift message is sent please remember to inform your bank that copy of the swift message is also given to you so that you can send to us immediately and we also provide to our bank to fasting transfer issue.

once this is done our bank branch assured us that the transfer will be urgently look into and credited into our account.

please we wait the copy of the swift message as advice by our bank branch.

also our bank branch also advice that the swift message can be sent also by fax.

Thanks

Fax no shit.  ;D
...matter of urgency, what cant be  :D
45 days and counting.....






Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Robin,Hood on May 22, 2018, 06:41:49 PM
Yes amazingly this is still ongoing and not any closer to be solved.
Did not have the energy in the last days to update.

I am literately held ransom by the Chinese mafia.
The ABC (Agricultural Bank of China) is not processing the payment, the Chinese company is making errors and errors and the Chinese Logistics firm is adding demurrage penalties daily.
Thats the very definition of organized scam.

In this day and age two banks fail to get communication channel established  in a month and a half is nothing short of scandalous.
How can there be any correct book-keeping if the whereabouts of something i unknown for such a long period. My money literally vanished mid air and no way of checking.



Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: buyandhold on May 24, 2018, 09:39:16 AM
Sorry to say you went about this the wrong way. Emails and phone calls just don't help.

Write physical letters registered delivery to their legal departments,
 threaten unfavourable press coverage if you have to sue,
threaten to talk to the Chinese Embassy, Trade Mission. Talk big.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: Robin,Hood on May 24, 2018, 04:34:38 PM
Sorry to say you went about this the wrong way. Emails and phone calls just don't help.

Write physical letters registered delivery to their legal departments,
 threaten unfavourable press coverage if you have to sue,
threaten to talk to the Chinese Embassy, Trade Mission. Talk big.
There is i dont know maybe 50 emails exchanged so far. Imagine the cost and how slow it would be to sent and await response.

But if a bank as big as Agricultural bank of china can not or will not process a payment in nearly 2 months and refuses to get in contact with my bank who is willing to sent money to china? I'm not anymore.

Edit:
phone calls only been made to the bank and thats recorded to the company its all written communication.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: jenyAE88 on June 07, 2018, 03:22:44 AM
Apart from the fees the banks charge is the confirmation time takes too long. You will be charged the wire transfer fee plus the 1% international charge.


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: wonderfulvn on July 12, 2018, 03:48:13 AM
You are facing a huge problem. Because btc is really a need of the future and it can participate in a lot of important transactions


Title: Re: Real life event why Bitcoin/Litecoin is needed urgently
Post by: necessary on July 14, 2018, 09:50:41 AM
Instead of the bank I am using my bitcoin wallet as my own bank and the bank is only secondary to me. It means that the more money you send, the more charges will be charged to you.