Bitcoin-24.com matching engine seems broken, site down.

[dscotese]

How is this all different from Cyprus? Bank/Exchange bankrupt because of money laundering / incompetence. Everybody loses money/bitcoins. Brave New Bitcoin World indeed.

Bitcoin-24 doesn't have an insurance company with guns and thugs that force people to pay tribute to itself.

[1713496988]

1713496988

[GreekGeek]

How is this all different from Cyprus? Bank/Exchange bankrupt because of money laundering / incompetence. Everybody loses money/bitcoins. Brave New Bitcoin World indeed.

Bitcoin-24 doesn't have an insurance company with guns and thugs that force people to pay tribute to itself.

any news anyone?
I can feel my BTCs flying away...
They were moved 3 times from the deposit wallet
and gradually the amount decreases
 

[arlekyn13]

"4) The only possible reason for not allowing you to withdraw the BTC is he has no intention of ever giving you the BTC back."

Quoted as one of the smartest things said so far in this thread. And I did loose 120BTC @ bitcoin-24.com

[600watt]

"4) The only possible reason for not allowing you to withdraw the BTC is he has no intention of ever giving you the BTC back."

Quoted as one of the smartest things said so far in this thread. And I did loose 120BTC @ bitcoin-24.com

hm ... i´m losing hope here....  where are the good news?

[dscotese]

I expect Simon to provide information once a day.  Reddit is good tool for that because users can move things around with their voting so the most important stuff is easier to find.  I just do a search on TAis.  He has been providing information often enough for me, but I know how to find it (See previous sentence).

http://www.reddit.com/r/Bitcoin/comments/1c7utl/bitcoin24com_the_polish_authority_closed_your_our/c9fjrtj

I will only be posting more information to the other thread because it identifies Simon and doesn't have as many useless messages.

If you have questions for Simon, I recommend posting them to Reddit, after you read all the other replies he has posted.  If he's smart he will ignore you when the answer is already there or at least it's easy enough to figure out.

Also, please remember that his English isn't awesome, so he might not understand your questions.

[Amitabh S]

1. WHY IS HE NOT RESPONDING ?
2. WHY IS HE NOT RETURNING OUR BTC ?

RED FLAG!

BTC not returned has no connection to account being frozen. Incompetence or dishonesty?

[panoss]

i don't know what is more annoying

1) my money(i am referring to fiat) is locked with a chance not to see them for the next 3months to infinity
2)BTClooking ready to take off and my capital is locked
3)Simon doesn't bother to make a daily announcement even in his bad English.

I think you are missing the forrest from the trees. How about
4) The only possible reason for not allowing you to withdraw the BTC is he has no intention of ever giving you the BTC back.

Worrying about missing a price move seems kinda silly if you never get anything (at any price) back.

Let me repeat that .I don't keep bitcoins in the platform .I said i was referring to fiat.
And the fact that a bullish dragonfly doji looks like forming on the daily chart
http://www.google.gr/imgres?imgurl=http://fxwords.com/images/words/bullish_dragonfly_doji.jpg&imgrefurl=http://fxwords.com/b/bullish-dragonfly-doji-candlestick.html&usg=__ijV5xBPF7T6jFinoi1VGqCwkHFY=&h=360&w=360&sz=34&hl=el&start=13&zoom=1&tbnid=hevXJ4Luu7BqkM:&tbnh=121&tbnw=121&ei=Z-VuUdvrPKmR7AaE5oGwAg&um=1&itbs=1&sa=X&ved=0CEIQrQMwDA

and i cant trade it cause i have no capital to enter, adds to frustration.Thats all
And guys  ...don't take this as financial advice and always trade with stop orders already placed in the platform

[michaelGedi]

...don't take this as financial advice and always trade with stop orders already placed in the platform

\


can you explain exactly what you mean by stop orders already in the platform?


frustrating i know... I just went all in after bitcoin-24...

we'll see what happens.

[panoss]

...don't take this as financial advice and always trade with stop orders already placed in the platform

\


can you explain exactly what you mean by stop orders already in the platform?


frustrating i know... I just went all in after bitcoin-24...

we'll see what happens.

Ok.
I will use nice round numbers for the ease of things
say that you have 100€ capital and bought 2 BTC @ 50€. the price goes to 80€. You put an order to sell your bitcoins (both of them or a part of them)
@ 50€  in case price pulls back(you gave all the profit back but you are at your money) or
@60€  so you "lock" some profit or
@70€   if you are more greedy , with a higher probability  for price to come back and take you out with a profit before it resumes its upward move to 4500€  
you can also combine the above
i.e
sell
0.5 BTC    @70€
0.5          @60€
0,5          @55
0,5          @50
Now this is trading and not investing in bitcoins
You can have a capital in your personal  wallet for investing in the long run -and that is the best thing in my opinion
and a smaller one in .....the platform(ouch!)

[michaelGedi]

...don't take this as financial advice and always trade with stop orders already placed in the platform

\


can you explain exactly what you mean by stop orders already in the platform?


frustrating i know... I just went all in after bitcoin-24...

we'll see what happens.

Ok.
I will use nice round numbers for the ease of things
say that you have 100€ capital and bought 2 BTC @ 50€. the price goes to 80€. You put an order to sell your bitcoins (both of them or a part of them)
@ 50€  in case price pulls back(you gave all the profit back but you are at your money) or
@60€  so you "lock" some profit or
@70€   if you are more greedy , with a higher probability  for price to come back and take you out with a profit before it resumes its upward move to 4500€  
you can also combine the above
i.e
sell
0.5 BTC    @70€
0.5          @60€
0,5          @55
0,5          @50
Now this is trading and not investing in bitcoins
You can have a capital in your personal  wallet for investing in the long run -and that is the best thing in my opinion
and a smaller one in .....the platform(ouch!)

I see, thanks

[mrvision]

any updates?

[Amitabh S]

To the above poster. By the time there is an update, you will become a hero member.

[bitbadger]

Simon Hausdorf, if you are reading this,

you urgently need to put an info page up on bitcoin-24.com to post updates.

You can't leave people in the dark like this for very long.

There are many people with substantial funds at stake in this matter.

It's also unprofessional leaving information scattered around on third-party sites, it creates a poor impression, plus it just feeds the rumour mill which helps no-one.

Simon, stell bitte eine richtige Infoseite zusammen auf bitcoin-24.com fuer Deine Updates.

Man darf nicht die Betroffenen nach dieser Weise einfach so im Dunkeln stehen lassen.

Viele Leute haben beachtliche Summen hier aufs Spiel.

Ausserdem ist es unprofessionell, Infos verstreut auf Sites von dritten zu schreiben, es schafft einen schlechten Eindruck und dreht die Geruechtemuehle nur weiter und das hilft niemandem.

[bitbadger]

Now Bitfloor exchange has also closed:

https://bitcointalk.org/index.php?topic=179231.0

https://bitfloor.com/

looking at the list of threads on this site..  wallet thefts, security breaches, hacks, exchange closures.. 

bitcoin just seems to be one great hell of a mess right now.

[dscotese]

You need to start dealing locally.

[justusranvier]

You need to start dealing locally.

Ironically Bitfloor was instrumental to my localbitcoins.com selling strategy because they allowed me to quickly put the cash back to replenish the BTC I sold.

[blueberry]

EDIT:

If you are reading this Simon, please update us ASAP. You are holding millions of our money, we at least deserve a daily update!

[bitbadger]

Now Bitfloor exchange has also closed:

https://bitcointalk.org/index.php?topic=179231.0

https://bitfloor.com/

looking at the list of threads on this site..  wallet thefts, security breaches, hacks, exchange closures..  

bitcoin just seems to be one great hell of a mess right now.

True, but I've been around since 2011 and it seems this happens every year in bitcoin.

I remember the mybitcoin scam, mt. gox hack, tradehill closing, mt. gox uk bank account & hong kong bank account closed, bitcoinica scam, intersango became untrustworthy, linode theft, WBX exchange lost coins, pirate scam, btc-e hack, bitfloor hack, cryptoxchange scam and there's probably more I'm haven't metioned here.

Yet despite all this bitcoin is still here and trading over $90.

But it does suck for those who lose money. I have a 5-figure EUR amount stuck with Bitcoin24 but hopeful I will get it back.

Right, but does the Dollar, Euro etc have all this.

You don't get mainstream banks endlessly reporting hacks and break ins.

The Bitcoin sector needs to sharpen up and get serious. All these cock ups just damage the chances of acceptance for Bitcoin amongst the general public.

[dscotese]

...
Right, but does the Dollar, Euro etc have all this.

You don't get mainstream banks endlessly reporting hacks and break ins.

The Bitcoin sector needs to sharpen up and get serious. All these cock ups just damage the chances of acceptance for Bitcoin amongst the general public.

The 8 year old does not have the self discipline, strength, or intelligence to hold a job.  He's only 8.  Bitcoin is younger than the 8 year old.  Gas-powered flight, refrigeration, indoor plumbing, and probably even the wheel itself must have had similar youths.

Be the hero you want to see in the world.  Run a bitcoin business that doesn't suffer from these problems.  I am, though it's young.  See "Meme Racing" in my signature.

[blueberry]

Now Bitfloor exchange has also closed:

https://bitcointalk.org/index.php?topic=179231.0

https://bitfloor.com/

looking at the list of threads on this site..  wallet thefts, security breaches, hacks, exchange closures..  

bitcoin just seems to be one great hell of a mess right now.

True, but I've been around since 2011 and it seems this happens every year in bitcoin.

I remember the mybitcoin scam, mt. gox hack, tradehill closing, mt. gox uk bank account & hong kong bank account closed, bitcoinica scam, intersango became untrustworthy, linode theft, WBX exchange lost coins, pirate scam, btc-e hack, bitfloor hack, cryptoxchange scam and there's probably more I'm haven't metioned here.

Yet despite all this bitcoin is still here and trading over $90.

But it does suck for those who lose money. I have a 5-figure EUR amount stuck with Bitcoin24 but hopeful I will get it back.

Right, but does the Dollar, Euro etc have all this.

You don't get mainstream banks endlessly reporting hacks and break ins.

The Bitcoin sector needs to sharpen up and get serious. All these cock ups just damage the chances of acceptance for Bitcoin amongst the general public.

I agree with you. But the way I see it Bitcoin is still the Wild West even today and sh*t happens. Bitcoin is still too small for the cockups of the last week to have any lasting affect on general public perception. These incidents will likely pass. More serious exchanges are coming in the near future (ie. Tradehill, CoinLab) to replace bitfloor and bitcoin24. I actually hope Simon will continue with Bitcoin24 2.0 having learned from his mistakes (I would continue using his exchange).