Bitmit - Bitcoin shopping mall - Bitcoin market place - Bitcoin auction house

[geniusboy91]

I'm having an issue that happens consistently. When I have a listing with multiple items available and someone buys one, the listing is ended even though there are still multiple items left for sale.

[1713887972]

1713887972

[yolo2222]

down for me

[Tekkna]

It's up for me.

[Anon136]

A user has managed to make orders from me, although I have put my account in out-of-office mode. Is that supposed to work? If so, I'd very much appreciate a feature to disable all sales.

So far this was possible but we disallow it from now on.

How about using the median value of the 24h average of 4-5 exchanges? Preferably from exchanges in different currencies (Mt.Gox for USD, Bitcoin-24 for EUR, some other exchange for some other currency (CNY, GBP etc)). This protects you from a single large exchange stopping trades. Also, even if you are using the 24h average, this should be updated every minute or so.

However, it can't protect you from the insane price swings we've had the last couple of days. I don't think there is a way to protect yourself from that, other than disabling orders. The price instability is pretty much something you will have to deal with if you want to accept bitcoins.

Hm, yes there is no real solution except you sell the received BTCs instantly. A hedged escrow service could be a solution...

So far we always used the last 24h avg rate of bitcoincharts.com. For the next days we will keep using latest mtgox rate.

Update:
- Set youth protection on item sell form
- Item picture uploader bug fixes
- Messaging system bug fixes
- Auto SSL redirect when user is logged in but navigates to non ssl bitmit url
- All emails should receive again (new server is not blacklisted on antispam lists anymore)
- Much better French translation
- Minor bug fixes

I understand the arguments in favor of using averages but as a frequent user of your site i can say with confidence that the 24 hour average is nothing but a nuisance to myself and my customers. I would much prefer it if you simply used mtgox last or an average over the last hour or two instead of a full 24 hours. The problem is that the price on bitmit can sometimes become severely decoupled from the current price which leads to one of the two parties becoming dissatisfied. This disadvantage in my mind outweighs the advantages gained by averaging.

[Tekkna]

Another thought, what if you could set which market to use, then set a default market as Mt.Gox, or something else.

You could also do an account wide default, if say I prefer BitStamp, or whatever.

[TimJBenham]

Currently the bitmit rate is 91.9 which is   when the MtGox 24h avg is about 73 and spot in the low 80s.

Ideally deals should be made based on current spot. Otherwise buyers can help themselves to a large discount whenever prices are dropping steeply. Another problem is that there doesn't seem to be much downside to just backing out of a deal if the price moves against you. I haven't seen any evidence of this happening, but it allows the buyer to freeroll the vendor.

EDIT looks like you are tracking spot now and I just happened to look as the price spiked up. Good work.

[drewdtom]

Hello and thank you for the server upgrade, the site is moving much faster!

I would be happy to send the mod on this thread some free BitMit Stickers that I just had printed!

https://www.bitmit.net/en/item/27200-5-bitmit-sticker-round-quality-vinyl-sticker

And I took a look at your competition, not sure they are going to work out as well as BitMit!

http://coingig.com/DontTreadOnMeme/140

[Tekkna]

Tosaki,

next add an API, so I can have it auto sell digital content.

That would be awesome

[Global BTC]

Suggestion for the Sell area: When there's a pending incoming payment for a sold item, use an hourglass instead of the grey bitcoin icon.

EDIT: Here are some icon suggestions:          

[uk1]

It's not just you! http://www.bitmit.net looks down from here.

[DrBiTC]

It's not just you! http://www.bitmit.net looks down from here.

Thanks I was starting to wonder if it was just my network. Hope its back up soon.

[Tekkna]

It seems to load, but pretty slowly.

Maybe a DDOS attack?

[DrBiTC]

Bitmit is back online for me but their wallets are still updating the blockchain.

[zknf]

no payment address shown for all my orders? what's going on ?

[Gyrsur]

payouts delayed on Bitmit? why?

[Gyrsur]

do they have a active support? and the owner changed from this german guy to somebody in Hong Kong/China?

[Kluge]

Hot wallet probably ran out of coins and needs to be topped off.

[Gyrsur]

it seams they have problems with bitcoind because no new escrow address shows up if a customer order goods.

[Global BTC]

Yup, payouts pending... The good thing is I realized Bitmit already has an hourglass icon:
That one can be used for pending customer payments as well.

[Gyrsur]

Yup, payouts pending... The good thing is I realized Bitmit already has an hourglass icon:
That one can be used for pending customer payments as well.

I like it as it is. if a customer paid only partly the coin is filled only half.