Hi,
I'm fairly new to Bitcoin. This is the first crash I've encountered. Since I came into Bitcoin needing a certain amount of return, about £500, I was happy to sell during the crash - not out of panic, but because I basically need the fiat and I'm not really concerned about making any more profit.
When the highest LocalBitcoins price was about £560 about an hour ago, I deposited my one bitcoin into my LocalBitcoins wallet (I created a new address to do this, for extra safety). LocalBitcoins' site says:
LocalBitcoins.com considers transaction to be confirmed after three (3) confirmations from bitcoin network.
Well, three confirmations came, and no balance was deposited into my account, despite being able to view the
Blockchain transaction confirming the confirmations (haha). I was worried, since the price of BTC was falling quite rapidly at this point, and I went to buy myself some dinner to take my mind off it.
I returned to find that not only did my LocalBitcoins wallet not have 1 BTC in it, but there was an
unconfirmed transaction for my whole 1 BTC leaving the LocalBitcoins wallet and going to five separate addresses.
What really confuses me is that according to the
list of wallet transactions, the 1 BTC was never even deposited into my account, so I feel like even if someone had hacked my LocalBitcoins account, they wouldn't have been able to steal them.
Is it possible that LocalBitcoins' "generate address" feature had me deposit into somebody else's wallet? Am I panicking over nothing? I'd appreciate a response ASAP.