BTC-e hacked ??

[larkinvain]

I'm curious as to why people are doing the "gimme 55% now and screw the rest" refund. Isn't waiting 2 weeks worth 45% of your funds? (or maybe it's just because I have a lot of funds on there that I find it a bad option)

The coins have gone so much up in price since the btc-e shutdown, people in coins dont have much to lose, they still make some money despite the 45% loss. But its odd that they're not willing to wait 2 weeks to make much more money.

Illicit activities that cannot provide verification
US users that will not be able to provide verification

100 times this. Too much uncertainty with the new exchange that it's better to cut your losses now. It's the safest option for those in the US.

[SEELE^^01]

whats better?

i was full in fiat before btce went down.

should i get 55% of the money now or wait for the 15th september?


ps: i am not from the us, and kyc is np for me

[richardsNY]

On Twitter people start popping up confirming that they have received their 55%, and even in this thread people have done so. It gives me great confidence that I have done the right thing by waiting for btc-e to launch -- I definitely don't want to miss out on my tokens. People have been waiting for weeks already, why is a few more weeks of waiting such a problem? I understand that people are looking to get their funds back while they for weeks have been thinking that everything was lost, but just keep waiting. If it was just 10% that people would be throwing away, then it would be completely different, but we're talking about 45% here....

[Thangz]

I'm curious as to why people are doing the "gimme 55% now and screw the rest" refund. Isn't waiting 2 weeks worth 45% of your funds? (or maybe it's just because I have a lot of funds on there that I find it a bad option)

in 2 weeks u can only move 55% out anyways the 45% peeps give up are TOKENS that most likely be lucky to see .30 cents on the dollar when and if btce comes back on 15th, then it could be 6-8 months before u could cash them in.  Not to mention US customer never got a answer wether they would be allowed on the new site.  So for many getting 55% now or 55% in 2 weeks with 45% in tokens u can touch in 6-8 months its better just take the 55% now

[yefi]

in 2 weeks u can only move 55% out anyways the 45% peeps give up are TOKENS that most likely be lucky to see .30 cents on the dollar when and if btce comes back on 15th, then it could be 6-8 months before u could cash them in.  Not to mention US customer never got a answer wether they would be allowed on the new site.  So for many getting 55% now or 55% in 2 weeks with 45% in tokens u can touch in 6-8 months its better just take the 55% now

Yep, this. Plus I wouldn't fancy giving ID to a site that was just taken down by the god-damn FBI.

[larkinvain]

whats better?

i was full in fiat before btce went down.

should i get 55% of the money now or wait for the 15th september?


ps: i am not from the us, and kyc is np for me

If you are not in the US I would wait. So far BTC-E has been straight with everyone on their plans and intentions. They did refund 55%.

[kekadam]

Because of early withdraws we are able to control more than %55 of tokens when new platform switch to online ..  yummy   

And these withdraws makes me sure of btc e badass..

[NorrisK]

i just received my litecoins from btc-e, which i am very happy with. is it really coincidence that now litecoin has tanked big time they sent out the coins? i don't think so, but considering that i bought my litecoins below $10, after this dump and losing the other 45% i am still in the profits. i hope for everyone else that btc-e ends up relaunching in a good manner so they can refund people properly. this chapter is closed for me.

Yeah price tanked because they are selling our 45% before releasing the 55% to us, ensuring liquidity and a good price for them. Won't ever be using them again.... Tossers!!

Lol.. The whole market tanked by 20+% over the last 2 days.

This all has got to do with BTC-e right.. OFcourse not..

Also to those thinking that the people that give up 45% now give you more money, that's bullshit. It's only less money they need to earn back to repay you. The 45% is the fiat that is inaccessible and lost.

[stingray454]

Well, with $100k+ in fiat, I missed the BTC train (and BCH), so I have less than half of what I would have had if I was in coin at the time. Taking a 50% loss now would bring that down to a quarter. Sure BTC trading is about betting, but now I'm betting those 50k that they will honor the payback rather than losing them with 100% certainty.

[th3joker]

All I can say is I’m not pleased at losing 45% of my holdings to cash out now which was a new idea they came up with since making the original promise to not do that very thing.

There was no way I was going to leave any of my actually available funds on there another second. Good luck to those that have spun that dice...

[th3joker]

Well, with $100k+ in fiat, I missed the BTC train (and BCH), so I have less than half of what I would have had if I was in coin at the time. Taking a 50% loss now would bring that down to a quarter. Sure BTC trading is about betting, but now I'm betting those 50k that they will honor the payback rather than losing them with 100% certainty.

I feel for you brother :-(

[Thangz]

Well, with $100k+ in fiat, I missed the BTC train (and BCH), so I have less than half of what I would have had if I was in coin at the time. Taking a 50% loss now would bring that down to a quarter. Sure BTC trading is about betting, but now I'm betting those 50k that they will honor the payback rather than losing them with 100% certainty.

it all falls back on the saying "1 bird in hand is better then 2 in the bush"

[stingray454]

Well, with $100k+ in fiat, I missed the BTC train (and BCH), so I have less than half of what I would have had if I was in coin at the time. Taking a 50% loss now would bring that down to a quarter. Sure BTC trading is about betting, but now I'm betting those 50k that they will honor the payback rather than losing them with 100% certainty.

it all falls back on the saying "1 bird in hand is better then 2 in the bush"

Yeah, I understand that some people wants to cut their losses and get something back. But if BTC-E would plan to run with the money, they would have done so by now in my opinion. The major risk now is just the feds shutting them down again or something along those lines, I don't think they intend to rob people. So with that in mind, I'll take that bet. Also, a typo - I'm risking losing 25k of certain cash, but can potentially gain (or well, not lose) 75k more with a quite high percentage of success, so.. I'll let it ride. So I'm betting on the 4 birds in the bush instead of 1 in the hand

[omarabid]

Well, with $100k+ in fiat, I missed the BTC train (and BCH), so I have less than half of what I would have had if I was in coin at the time. Taking a 50% loss now would bring that down to a quarter. Sure BTC trading is about betting, but now I'm betting those 50k that they will honor the payback rather than losing them with 100% certainty.

Bold move. I have only a few thousands and I also picked not to withdraw now. I'm going down with the ship if that is.

[BitHodler]

I have only a few thousands and I also picked not to withdraw now. I'm going down with the ship if that is.

By allowing people to cash out 55%, and also actually sending out these funds, BTC-E has proven that they aren't thieves, but everything could have been done in a better way.

I strongly believe that their 55% withdrawal offer isn't exactly fair, but very effective ~ it will allow them to lower their overall debt by using the 45% abandoned by those who agreed to withdraw to fill the gap.

I think it's fair to say that the increased crypto prices made accepting that 55% a whole lot more easy. In other words, the suffered losses will be compensated by the values that more or less doubled.

[erk]

All I can say is I’m not pleased at losing 45% of my holdings to cash out now which was a new idea they came up with since making the original promise to not do that very thing.

There was no way I was going to leave any of my actually available funds on there another second. Good luck to those that have spun that dice...

That was your decision, not BTC-e's.

Only 9% of the users have chosen the 55% refund   https://poll.pollcode.com/62684153_result?v

The vast majority are waiting until after Sep 15th.

[SDRebel]

i just chose the 55%. i chose it because, to me, there's too much risk in waiting. i waited for a while in the ltc mining scam (I even forgot the name now), wemineltc as well, gawminers, etc.
it's hard to have any sort of faith nowadays
I'm in the US and didn't have a problem with KYC, but...

edit: how long does it take?
about 2 hours later, so far nothing received

[coinking17]

I'll have about nearly $20k if I hold vs half that if I bail out. I'm going to hold. Like people have said BTC-e are doing a good job reimbursing people and look like playing more by the rules with the new site. I haven't done anything wrong and can prove where my coins came from. Do you really think the US authorities IF they ever got hold of the BTC-e user database on the new site are going to go through all possibly hundreds of thousands of accounts one by one on some sort of a witchhunt?? Not likely.

[Sadsong]

Its a really interesting dynamic having come back from this and attempting to fix the issue, most sites would pack it in at this point.
As a customer I would stay clear but feel for you guys waiting to get paid back from this.

[squatter]

I'll have about nearly $20k if I hold vs half that if I bail out. I'm going to hold. Like people have said BTC-e are doing a good job reimbursing people and look like playing more by the rules with the new site. I haven't done anything wrong and can prove where my coins came from. Do you really think the US authorities IF they ever got hold of the BTC-e user database on the new site are going to go through all possibly hundreds of thousands of accounts one by one on some sort of a witchhunt?? Not likely.

Yeah, it's unlikely. I would have liked to stay around for the new site, especially since they suggest that you will get > 55% if you stay. But as a US citizen, and with the FAQ they published, it just doesn't seem safe. Since I don't know the terms for withdrawals and verification (and I know I can't verify), the risks outweighed the potential benefits for me. And that's before you consider the whole FBI indictment matter....

At least having gotten out now, I can hedge my holdings as I see fit, instead of continuing to wait through all the volatility.