I'm not sure how they came to the conclusion that you were dealing with fraudulent activities when everything in your history is sell orders. Unless you did not follow through with releasing the coins after the buyer of your coins have sent you the money, then i don't see any way that your account could be used to commit fraud.
Thanks a lot for your advice, I really appropriate it. If you check the screenshot of the profile via these links, (
https://imgur.com/G5jIG2C),(https://imgur.com/AvIZOJD). You will find out that only one successful order has happened on the account since 2016 and it happened in 2018.
Anyways, localbitcoins is legit. They have held in individual customer accounts far more than your 0.04 BTC. It's not a ponzi because it does not promise any returns.
I think a lot of people always get this wrong. PONZI Pyramide Scheme: Many do not know that even the current or traditional financial capitalist system is nothing but a pure Ponzi Pyramid Scheme as we all witnessed the death of the Capitalist system in the year 2008. The economic recession that stole over 2 Trillions of Dollar from the world is nothing but a Pure Ponzi Pyramid Scheme.
Lets take for example, everyone decides to withdraw his or her money from a particular bank, what do you think will happen to that bank ? ( In most cases where 90% of the customers money is being used to trade and make billions by the bankstars. Is Localbitcoins immune to this ? (No, it makes a lot from the maker already as I believe not only that but also deposit fee) The money taken from Mr A is handed over to Mr B, Mr B and so on. It's the same thing.. When it fails (Too big to fail ) then it becomes Ponzi scheme, but when it's still thriving deceiving people, it's not a Ponzi. This is a typical Example of MMM but in another version.
I lost a lot in MMM Pure Ponzi pyramid scheme and to say Lolcabitcoins.com is not a ponzi scheme or does not have characteristics of a Ponzi Scheme is like waiting for it to happen to you or be on the receiving end.
If you check the Blockchain (
https://blockchain.info/address/13KDirU7vAeBQ1Pj33YSV5Q6yGS27TRDxL) as we speak, the BTC has already been spent. By who ? That has an element of a Pyramid Scheme and to say otherwise is like waiting for recession of 2008 to happen again or to be on the receiving side.
The website surely has reason to suspect your account, and your best shot at getting your money back is to reason with them in a polite manner. Eventually you should be able to receive your bitcoins back.
I hope so. I will surely update this thread as as soon as I hear back from the Admin.
Thanks a lot once again.
