Hippie Tech
aka Amenstop
Legendary
 Offline
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
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March 24, 2014, 11:55:13 AM |
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is it possible to deposit my dogecoin and sell it on vircurex(since its 60sat higher price) then buy any other alt and withdraw it?
Don't do it. My BTC deposit is missing and they have now removed the FTC withdrawal button from the accounts page. |
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Arbitrageur
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March 24, 2014, 12:00:54 PM |
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is it possible to deposit my dogecoin and sell it on vircurex(since its 60sat higher price) then buy any other alt and withdraw it?
anycoin is trading 50% above market price. there's no free lunch. |
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No_2
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March 24, 2014, 12:15:59 PM
Last edit: March 24, 2014, 03:47:43 PM by No_2 |
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Apparently the system is going offline for 30 minutes at 1pm GMT that's about 45 minutes from now: 24 Mar 2014 - Activation of frozen balances NEW
As announced in the previous news we will perform the balance freeze of BTC, LTC, FTC and TRC on 25 March at ~01:00 GMT, this will lead to a 30 Minute system downtime.
EDIT: my mistake the 25th is tomorrow. |
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shmoula
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March 24, 2014, 12:33:52 PM |
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I find it absolutely unacceptable that my email to customer "service" and/or PM to Kumala has not been answered after 5 days - I can see he has been online yesterday.
5 days? lol, I have some question there for 5 months at least  |
Habbeat - beat your habits more effective way!!! Always empty box(no cat also no coin): 1SHM1tiur2iNBCVxCBr7vAJ84PrPZ6d6v
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Engineer2B
Newbie
Offline
Activity: 35
Merit: 0
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March 24, 2014, 12:52:11 PM |
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Apparently the system is going offline for 30 minutes at 1pm GMT that's about 45 minutes from now: 24 Mar 2014 - Activation of frozen balances NEW
As announced in the previous news we will perform the balance freeze of BTC, LTC, FTC and TRC on 25 March at ~01:00 GMT, this will lead to a 30 Minute system downtime.
More like 1485 minutes from now. |
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mhps
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March 24, 2014, 01:00:25 PM |
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Working for me now. (US IP)
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No_2
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March 24, 2014, 01:02:54 PM |
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I find it absolutely unacceptable that my email to customer "service" and/or PM to Kumala has not been answered after 5 days - I can see he has been online yesterday.
5 days? lol, I have some question there for 5 months at least Yeah, Kumala became very unresponsive about 5 months ago. I've sent a few technical support emails and none got answered except one where he asked me if my query had been sorted by another member of the support team. I replied it had not yet been fixed but he never got back to me. I think whatever problems they have been having have been going on for a while. The problem with any centralised exchange is as soon as any coins are stolen the exchange then becomes fractional reserve. (Unless it's making significant profits). This in addition to working with a currency undergoing extreme deflation makes it pretty much impossible to recover from that point forward IMO. |
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rnicoll
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March 24, 2014, 01:10:31 PM |
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The problem with any centralised exchange is as soon as any coins are stolen the exchange then becomes fractional reserve. (Unless it's making significant profits). This in addition to working with a currency undergoing extreme deflation makes it pretty much impossible to recover from that point forward IMO.
What I find shocking is how much they must have in the hot wallet vs cold store. I've presumed an exchange only hot-wallets what it expects to have taken out within a 24 hour period, automatically sweeping coins out if it gets too big, and staff top it back up on say an 8-hour rotation if needed. It's becoming clear a number of exchanges are keeping far too much in their hot wallet, or not doing an account audit before topping it up, so if the hot wallet's cracked they can lose crazy amounts of coin... |
Dogecoin Core developer, ex-researcher, trader.
Unless stated otherwise, opinions are my own and do not necessarily reflect that of other Dogecoin developers.
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Nightowlace
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March 24, 2014, 01:11:15 PM |
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I had 14B on there. Traded out with Alts and lost 6.5B thank you very much for yet again confirming that OTC and physical private storage of my bitcoin is the only way to go.
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Nightowlace
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March 24, 2014, 01:14:48 PM |
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Guys come on this was a bullshit scam. Oh look it worked for Gox why don't we try. Let's buy up all of the alt coins freeze withdrawal of all of BTC and LTC, sell they alt coins for double and make out like bandits. I have zero faith in these exchanges, and he has investors in this site. It's sad. Their needs to be some accountability.
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Arbitrageur
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March 24, 2014, 01:16:25 PM |
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Apparently the system is going offline for 30 minutes at 1pm GMT that's about 45 minutes from now: 24 Mar 2014 - Activation of frozen balances NEW
As announced in the previous news we will perform the balance freeze of BTC, LTC, FTC and TRC on 25 March at ~01:00 GMT, this will lead to a 30 Minute system downtime.
More like 1485 minutes from now. postponed, no wonder, they are finally making some fees out of trading. maybe this can help increase the refunding share. |
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Arbitrageur
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March 24, 2014, 01:19:19 PM |
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maybe the vircurex guys are selling the altcoins at 50% above market prices to make some money and fix their deficit. they have inside information and know exactly what's missing, if the market is pricing uncorrectly I guess they will close the gap buying what's cheap and selling what's expansive and make some money out of it
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almightyruler
Legendary
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Activity: 2268
Merit: 1092
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March 24, 2014, 01:59:24 PM |
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It appears that 'available' also means 'frozen'. Every time I attempt a withdrawal, I get logged out and this popup/url error.
That seems to be what happens when the hot wallet has insufficient funds. |
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pandher
Legendary
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Activity: 952
Merit: 1000
Stagnation is Death
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March 24, 2014, 02:22:35 PM |
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No withdraw button?
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FrictionlessCoin
Legendary
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Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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March 24, 2014, 02:25:51 PM |
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I had 14B on there. Traded out with Alts and lost 6.5B thank you very much for yet again confirming that OTC and physical private storage of my bitcoin is the only way to go.
Similar here... took a loss trading out to DOGE that was trading at 50% more than the market price. A 35% haircut is better than the 100% haircut that they seem to be proposing. |
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cryptodevil
Legendary
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Activity: 2240
Merit: 1254
Thread-puller extraordinaire
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March 24, 2014, 02:28:37 PM |
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So much for transparency and honesty. Original announcement dated 23rd March, "On 24th March 2014 we will be freezing the current BTC, LTC, TRC and FTC accounts", appears to not be true as they have now issued a subsequent announcement dated 24th March, which says, "As announced in the previous news we will perform the balance freeze of BTC, LTC, FTC and TRC on 25 March at ~01:00 GMT"
So they've allowed everybody to believe that the 'freezing' had already taken place and now they are saying it is actually being done tomorrow, even though withdrawals of those currencies have been frozen all day today?
Everybody who logged on today thinking it had been done and they were free to trade, if not to withdraw yet, has been stitched up like a kipper.
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WARNING!!! Check your forum URLs carefully and avoid links to phishing sites like 'thebitcointalk' 'bitcointalk.to' and 'BitcointaLLk' |
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pandher
Legendary
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Activity: 952
Merit: 1000
Stagnation is Death
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March 24, 2014, 02:33:13 PM |
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Why cannot i withdraw my btc? there is no withdraw button
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TookDk
Legendary
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Activity: 1960
Merit: 1062
One coin to rule them all
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March 24, 2014, 02:41:14 PM |
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Similar here... took a loss trading out to DOGE that was trading at 50% more than the market price.
A 35% haircut is better than the 100% haircut that they seem to be proposing.
I think you made a good decision. I would have done the same if my funds was not stuck. |
Cryptography is one of the few things you can truly trust.
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Arbitrageur
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March 24, 2014, 03:07:42 PM |
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in my opinion they postponed by 24hrs the deadline for setting up the frozen accounts for the following 2 reasons:
1) frenzy trading is generating so many fees they never see in their life (which is good for increasing the btc to reimburse).
2) possibly they are even selling the alt with a 50% profit on market price, (which can also contribute to increase their reserve)
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