Why, thank you! So, in summary, you still have BTC "invested" at scrypt.cc, and - despite already having been ripped off for 20 BTC - you're quite happy to keep the money invested there because it's "just" (unrealised) profit? Is that a fair assessment of your situation?

Just out of curiosity - why don't you want me to ask more? Help a clever boy out here - help me understand your superior logic!

Well, you have unrealised ("paper") profits that you could withdraw and either (a) keep safe, or (b) invest somewhere where you've not already been ripped off. I'm trying to understand why people would keep any BTC at scrypt.cc - I don't distinguish between money I originally had and (realised or unrealised) profits - it's all my money, and I want to protect it.

I take it your "X" is greater than the 20 BTC you "lost"? i.e. you've recovered (withdrawn) everything you've "invested" and the remaining "X" is just unrealised profit (that you hope to turn into real profit ASAP)?

OK, you kept trading. Were you unable to withdrawal all of your "investment", and left with no choice but to sit it out until you could withdrawal everything? (I'm just trying to understand why people continue to gamble with scrypt.cc after they've experienced "badness").

That screenshot you posted, that showed withdrawals up to this month - you kept "investing" in scrypt.cc after he ripped you off?

For actual currency exchange, the exchanges I've used in the past are now closed - British banks don't like Bitcoin. These days I use Localbitcoins to buy BTC, and I trade on Bitfinex and Coinut (and I'm looking forward to Quedex opening for real trading).

USD 230. My actual trading position is "not down" (I sold puts so my upside is limited, but the price can hold or even drop to around USD 215 and I'm still in profit. Beyond that I'm hedged, so downside is limited too).

I'd love to see a rise, but the past two weeks have seen a pretty narrow range (even the dip on the 24th/25th was only temporary) and I'd speculate that this can hold for at least another week.

I'm familiar with the negative opinion (I think it makes sense for Buffett, Berkshire Hathaway and BH investors - though obviously I disagree), but what's the radical opinion Buffett holds on BTC? The mirage trope?

So, no transaction ID then?

I think they're talking about "flash crashes" - very temporary drops in price, typically on only one or a few exchanges. We saw this the other day - BTC/USD on Bitfinex dropped to below $200, but it stayed above that on the other exchanges. A smart trader with orders in place below $200 would have snapped up a bargain!

Oh, we're just flirting before the dance! ThorSWO's posting times seem to coincide with my timezone, so I"m sure I'll get plenty of opportunities to repeat my request.

That's awesome - I don't suppose you could show me the transaction ID, just to reassure the naysayers?

You're able to withdraw and realise your profits?

It's maybe worth noting that it's usually far quicker to deposit BTC at an exchange, rather than GBP. I tend to buy BTC through localbitcoins.com and then deposit the BTC at an exchange, rather than send GBP.

Exchanges also tend to be much more relaxed about BTC compared to GBP - you can open an account with an email address and a bitcoin address, and not much else. Makes it much easier to make a small test trade on a new exchange when you don't need to provide copies of your passport, NI card, birth certificate and letter from the Queen!

Localbitcoins tends to be fairly competitive - the lowest ask (for national bank transfers/other online payments) right now is around £155, the highest bid is around £149. If you want to pay cash, you can do that - meet the vendor in person (and take the usual precautions for cash deals face-to-face) - but you'll typically pay a good bit more. UK bank transfers these days seem to take a lightening-fast two hours max, so it's a pretty fast way to buy BTC.

Edit: this for the OP - I'm pretty certain gentlemand knows localbitcoins is a thing!

Completely agree.

I was a miner back when GPU (and, initially, even CPU) mining was possible. I bought a high-end graphics card, and mined a lot of BTC. Back then, people warned that I'd be better off simply buying the coins. With hindsight, they were right. I sold a lot of BTC to pay for the GPU and the increased electricity bill (I was making at best 50 BTC every 4 days or so - but that was when BTC was around $1).

Mining was a lot of fun. Despite not making as much as I could have done if I'd simply bought the BTC, I learned a lot and still have some coins left over. Difficulty is a killer - it makes ROI calculations far more complex, and it makes ROI much less likely while it increases exponentially. I learned to shave any cost off, to increase efficiency wherever I could. I solo-mined a long time before moving to pools, because pools added a new layer of inefficiency (the pool takes a commission).

I always had control of my hash-power. If a pool had stiffed me (it never happened) I could easily have moved to another pool, and lost very little.

I guess what few BTC I have cost me too much (I value them too highly) to risk them lightly. When I want to increase my BTC I buy them outright - it's far easier, far less risky. I do speculate sometimes - but it's with a fraction of my total coins, and it's always on an exchange I trust (and that trust can be removed), and I always have a reasonably good assessment of the risk/reward ratio! I think it's fascinating that markets for hash-power have emerged, but it's a pity there are so many poor efforts and blatant scams. Hopefully that'll improve as the industry matures. I hope those people who have been let down by Scrypt.cc are more fortunate in future - if nothing else they've had an excellent education in warning signs and red flags, and should find incompetents and scammers easier to spot.

That's great news - I'm pleased it's resolved for you. Makes sense, I had wondered whether it might be a two-factor authentication issue, but I never got as far as wondering about alternative IPs!

No luck with a lower withdrawal from the deposit wallet? That sucks Best of luck with support - I hope they respond positively (blimey, it says something that we regard support responding as a positive outcome... I hope finex realise they're haemorrhaging confidence).

(Apologies for what may be a silly question - I only have a "deposit wallet" at Bitfinex).

Are you currently able to transfer funds between wallets? I've been able to make withdrawals (~1 BTC) from my deposit wallet (the swaps wallet), so I imagine (a) the problem is with their trading engine, and that affects users' trading wallets (and possibly exchange wallets too?), and (b) if you can transfer funds to your deposit wallet you might be able to get around the problem.

Yup, that's a ringing endorsement. My concerns about the competence of the site's operator are greatly reduced. Deposits aren't working - I think we've found a gilt-edged investment here. Yup, this sure sounds like a well-run outfit. Better back up the truck etc etc

Correct. I do not know whether all these people are telling the truth. I do not know whether you're telling the truth, either, by the way. I'm giving everyone the benefit of the doubt.

Yes, some users reported that they'd been paid. I believe I noted that several posts back. And some users reported that they hadn't been paid. "Scrypt.cc pays. FACT" doesn't really seem to chime with these two statements, does it?

I don't think I can help you understand the non-withdrawal thing. If someone applies for a withdrawal, they expect a withdrawal. If something else happens and they don't receive their withdrawal, they're not happy. They had requested a withdrawal and it didn't happen - it was, in fact, cancelled.

Your point about payment, absolutely. If you said that up front, instead of unambiguous statements like "Scrypt.cc pays. FACT", I'd have some respect for you. It's your complete lack of any critique, your complete inability to take on board what other people are saying, that makes me wonder whether you're entirely genuine.

I think it's pretty unacceptable.

But I also don't think it's comparable to MtGox - yet. Bitfinex's trading engine is obviously not adequate at high volume times, and all of the issues above seem to stem from that (seem to - I'm not ruling out that this could be a Gox-style scam). MtGox showed other symptoms - a widening disparity between prices on Gox and other exchanges and several weeks' worth of withdrawal problems are the ones I remember, there may have been more.

Don't get me wrong - I'm avoiding Bitfinex for now, and my risk-assessment in future will take the recent trading suspensions into account. It's just that I think it's too early to call a Goxing.