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So many words...
In summary those are just regular silver coins with a bitcoin logo yes?
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bump still got some left.
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No single person, event or company have caused more harm to the reputation, price, and perception of bitcoin than mtgox.
They were the first to market, but has been nothing but incompetent and dishonest since day 1.
I cannot wait until this shady outfit is shutdown and the book is closed on this shameful chapter in bitcoin history.
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Everyone better cancel your KnCMiner Neptune pre-order right away, must be a scam - because when looking at the specs of the new KnCminer:
3 TH with 4 Chip
2000 watt/4 = 500 watt per module
750 GH per chip with air cooling, not possible.
Unless... wait.. maybe it's possible ?
What is with some members bashing every single company that pops up, you got scammed previously ? tough luck, maybe utilize your head next time.
sredma: Date Registered: February 06, 2014, 09:59:44 AM hi richard brown  |
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how am i captain obvious when the warning was from last oct? and you COULD withdraw bitcoins out just not fiat, my point over and over, was to convert to bitcoin and get the hell out of mtgox before it is too late(like now) there is no reason to leave in mtgox given the risk. Reading comprehension of kids nowadays....
What can you do now? go into hope and pray mode that they open bitcoin withdraws again, however i am not sure how that will work, because as soon as they do, you can bet there will be MASSIVE outflow of bitcoins. Mtgox knows there will be mass panic and liquidity outflow when they announced the halt, the situation must be an absolute disaster for them to not even care and just want to stop the bitcoin withdraw NOW.
What can you do if confirmed after a few months you not getting anything out? sell in mtgox and convert to fiat, read up on the boj's banking®ulations and file suit, you will have a much better chance if it is fiat they are holding instead of bitcoins. Of course this only makes sense if the $ amount is above 6 figures.
I was making quite a few quids in October, without any problems. Not everyone is using USD. It will be so funny when transactions are fixed, fiat backlogs are erased and queues are back to normal (well tbh I'm not sure they're gonna fix USD wiretransfers ever, but I don't care about that), and all these people screaming SCAM hysterically will just STFU finally No one has any official info apart from the few announcements Mark made here and there. Your "OMG THEY R GOIN DOWN" theories are based on speculation just as much as my "everything's gonna be alright eventually, be patient" theory. Either way, crying about it won't do a thing. People should realise everything has a risk if you're trying to make money - especially some new thing like Bitcoin and it's different exchanges. Too bad everyone just thought they're gonna be rich and it's going to be super-EZ, now there is an obstacle and everyone is going into a tantrum. why would i be crying when i have no bitcoins in mtgox? you are too retarded for me to waste time responding to that dribble, go play in traffic oxygen thief. |
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FYI, this is very concerning. Didnt realize it, but checked mtgox market depth and it's true. There already seem to be a slow run on the bank with mtgox.
Not to create panic, but i suggest anyone with money/bitcoin in mtgox to get it out for safekeeping. Right now people are still walking towards the exit, you dont want to wait until it becomes a stampede. It's pretty obvious at this rate, the bitcoins will be drained out due to mtgox inability to withdraw funds, and now even majority bitcoin withdraw is getting delayed.
I work in the financial industry for a long time, this is no different than a run on a fund, you dont want to be the last one in it trying to get out, always be the first. Yes it may not come to that, but why take the risk by leaving your bitcoins in mtgox?
I have converted the remaining balance in mtgox to bitcoin and submitted the withdraw request to get all of it out.
repost.... i will say again, whatever you believe about mtgox and unicorns, there is no reason, absolutely NONE, to leave your fiat or bitcoins in mtgox. All risk, no reward. Thanks, great idea, great advice, Cpt. Obvious! Oh wait... isn't the problem in the first place that people HAVE TO leave their fiat/btc @ mtgox, because they CAN NOT do a withdrawal? how am i captain obvious when the warning was from last oct? and you COULD withdraw bitcoins out just not fiat, my point over and over, was to convert to bitcoin and get the hell out of mtgox before it is too late(like now) there is no reason to leave in mtgox given the risk. Reading comprehension of kids nowadays.... What can you do now? go into hope and pray mode that they open bitcoin withdraws again, however i am not sure how that will work, because as soon as they do, you can bet there will be MASSIVE outflow of bitcoins. Mtgox knows there will be mass panic and liquidity outflow when they announced the halt, the situation must be an absolute disaster for them to not even care and just want to stop the bitcoin withdraw NOW. What can you do if confirmed after a few months you not getting anything out? sell in mtgox and convert to fiat, read up on the boj's banking®ulations and file suit, you will have a much better chance if it is fiat they are holding instead of bitcoins. Of course this only makes sense if the $ amount is above 6 figures. |
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FYI, this is very concerning. Didnt realize it, but checked mtgox market depth and it's true. There already seem to be a slow run on the bank with mtgox.
Not to create panic, but i suggest anyone with money/bitcoin in mtgox to get it out for safekeeping. Right now people are still walking towards the exit, you dont want to wait until it becomes a stampede. It's pretty obvious at this rate, the bitcoins will be drained out due to mtgox inability to withdraw funds, and now even majority bitcoin withdraw is getting delayed.
I work in the financial industry for a long time, this is no different than a run on a fund, you dont want to be the last one in it trying to get out, always be the first. Yes it may not come to that, but why take the risk by leaving your bitcoins in mtgox?
I have converted the remaining balance in mtgox to bitcoin and submitted the withdraw request to get all of it out.
repost.... i will say again, whatever you believe about mtgox and unicorns, there is no reason, absolutely NONE, to leave your fiat or bitcoins in mtgox. All risk, no reward. |
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did anyone else get tracking besides dprophet?
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If this is a surprise, you did not do your due diligence. Paypal has acted this way for a decade for less risky items than BTC.
Ebay, ok. Paypal, wtf people?
i have been doing due diligence while you are still in diapers, paypal has largely ignored and allowed physical bitcoin sales until beginning of this year when some kind of new policy triggered a massive account review on everything bitcoin related that's considered high value sales, including physical coins. ----------------- Also guys as much as i appreciate the suggestion to sue, it is not practical. The amount of resource and time you need to allocate to even get a hearing against those large companies with a full legal team of lawyers/ops is not realistic financially for the average person even if you have the means, considering the return even if you win - risk/reward. Your best bet is file with the BBB and hope the company will take action, i did that once against ebay with good success, cut through all the low level zombies and talked to one of their veepees who promptly resolved the issue. I agree though ebay and paypal are like the modern day gangsters, can kill your business with 1 shot and no apparent reason, all sellers live in fear of them. |
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Ebay owns PayPal. They wouldn't start banning accounts for bitcoin use AND be introducing a "Virtual Currency" category at the same time.
That's EXACTLY what they did, and just so you know they still operate almost as two separate entity not one. |
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Too late my account was already limited....  Regarding bitcoin mining hardware ban policy with paypal, it's a clusterfuck mess right now no one knows, but they definitely banned many accounts selling hardware only. Check out the below article, basically paypal banned many accounts for selling hardware, after a revolt, CEO retracts and says you can sell mining hardware just not bitcoins....now no one really knows. http://www.cryptocoinsnews.com/2014/01/13/paypal/ |
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hmm.. interesting to know.. i have sold some GHS on cex recently. no words of warning yet and there are plenty of others doing the same.
good job i should have my bank account setup for adding payees soon so i can buy my BTC that way as have been using virwox up until i hit the deposit limit for the month.
Keep in mind the dollar amount matters, I think anything over $1000 (but no one really knows the exact amount)triggers an account review followed by a phone call reading the script then a ban or account limit. I called them again after my account was limited, the rep kept on and on about against policy selling virtual currency, I then asked is physical collectible coins allowed, he said yes, I then asked him to bring up the auction of the casascius coin that caused my account limit and it had a photo of the physical coin. At that point he has no idea what to do next you can tell he went off script, repeated "yes sir I can see it's a real coin" 3 times, was pretty hilarious. Of course he couldn't do anything even though he and I both know it was physical collectible coins, which are sold all over ebay. |
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And the hammer drops, fuck you PayPal I did absolutely nothing wrong. How is selling a few collectible casascius coins on ebay make me a currency exchange. Your account has been limited
----------------------------------------------------------------------
We need your help
----------------------------------------------------------------------
Hello xxxxx
We have reviewed your PayPal account and found that you are operating as an
e-currency dealer/exchanger including the sale of electronic media of
exchange (such as electronic money or digital currency). Per our current
Acceptable Use Policy for Money Service Businesses, PayPal may not be used
to operate a currency exchange, bureau de change or check cashing business
including the sale of bitcoin within casascius.
To continue using your PayPal account, we need some additional information
from you. Please provide us with the following:
• Sign the electronic affidavit stating that you understand and will
comply with PayPal's terms and conditions.
• A listing of the products and services you offer.
• A detailed explanation of your business model.
• A list of all URLs or websites that will be used to receive payments.
• The type of payments you will send and receive, including the type of
goods or services you will accept payments for.
By agreeing to the electronic affidavit, you, on behalf of xxxx, do
affirm that you understand and will comply with PayPal's policy regarding
the use of PayPal Accounts to operate an e-currency exchange business. You
understand that PayPal may not be used to operate a currency exchange,
bureau de change or check cashing business. You further affirm that any
further detected violation of the policy may result in the immediate
closure of, or restriction to access to the account.
Please log in to your account and go to the Resolution Center to find out
what you need to do. Your account will remain limited until the issue is
resolved.
We look forward to hearing from you and thank you for choosing PayPal as
your business partner.
Sincerely,
Xxxxx
PayPal Compliance Department
PayPal, an eBay Company
Please do not reply to this email address as it is not monitored and we
will not receive your response. You can get in touch with us by clicking
"Contact Us" at the bottom of any PayPal page.
Copyright © 1999-2014 PayPal. All rights reserved.
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Enjoy freedom by paypal can you imagine if they got to run the world the way they wanted it we would all be little robots
Unfortunately they do run the world..or rather north america ecommerce. We are just little ants to them. |
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There is someone else around here suing paypal for similar reasons. see if you can get in touch with them.
you cant sue paypal, you will get buried before getting to court. |
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You were selling a physical item that was perfectly allowed and they froze your money because they didn't like it... How is that not illegal?
exactly, i explained very clearly everything i sold was physical - casascius coins and some asic mining equipment, nothing virtual. But she doesnt care or even understand, to be fair i dont think it's her fault she's just a drone. i have been with paypal for over 10 years with a business account and paypal credit card, do about $10k transaction with them each month. And they would just ban me because i listed a few bitcoin auction is insane I wondering if i should withdraw money from paypal now, got about $6k in there, but if i do i think it will worsen my chance of not getting perm ban. what a nightmare, becareful guys. edit: i dont think buyers are affected, they are only targeting sellers. |
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FYI, paypal has started a massive banning campaign on accounts selling anything bitcoin related, whether it's mining equipment, ebooks, or the currency itself.
This is a new action they started around mid Jan of this year.
You will be warned once, then your account will be perm banned from paypal, with all money inside frozen.
I got called from paypal because i sold a few casascius coins (no issues with the transaction itself, buyers all happy). But the lady said because i sold bitcoin my account is now under review for a perm ban. I stated i have been selling since early 2013 with no issues, and it's perfectly legal within ebay they even created a new category called virtual currency for it.
But she could careless just reading off a script, but I managed to get it out of her it's some new policy they are now implementing against bitcoin. She doesnt really even understand what it is, as long as the auction has the word bitcoin in it, over certain $ amount, and buyer paid with paypal, you are at risk getting the hammer. If you check online many similar stories in the last month or so.
That's one way to try shut down the competition. ,,!,, paypal
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cutting through all the BS once more...i ask again has ANYONE gotten a tracking number from cointerra yet.
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anyone got a tracking number yet....
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