SirBruce
Newbie
 Offline
Activity: 14
Merit: 0
|
 |
June 19, 2011, 09:23:29 AM |
|
You're probably being sarcastic. I realize it's small-time but a ripoff is still a ripoff. I would say, if you feel bad for me, send me BitCoins, but as I can't seem to find a reliable way to convert BitCoins to cash, I don't know what I'd do with them.
1FzzmazWd459ZypL3hmbxduRtgWFbYMkuf
|
|
|
|
|
|
|
|
|
|
Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
TheGer
|
|
June 19, 2011, 09:30:45 AM |
|
I personally cashed out almost $600 with Bitcoinexchange. Ya it took a little longer than stated, but I'd feel like a tool complaining about waiting for some free money.
|
|
|
|
|
SirBruce
Newbie
Offline
Activity: 14
Merit: 0
|
|
June 19, 2011, 09:56:35 AM |
|
It's not "free money"... the only person getting "free money" is BitcoinExchange, which not only takes a percentage of the transaction, but also apparrently gets to sit on it as long as they like to sell whenever they like and pocket the extra profit, interest free, rather than service you in a timely manner.
I have no problem with exchange services that provide 72-hour turnaround. I have a problem with exchange services that advertise a 72-hour turnaround WORST CASE and instead provide a 168-hour turnaround (or never, who knows?).
|
|
|
|
|
dkehler
Newbie
Offline
Activity: 11
Merit: 0
|
|
June 19, 2011, 04:16:57 PM |
|
Well, the PayPal thing has obviously set BitcoinExchange back in terms of how quickly he can make transfers. People need to realize this. I personally have cashed out several thousand dollars worth of bitcoins and although latest batch took a couple of weeks, I got my money. Be patient.
|
|
|
|
|
SirBruce
Newbie
Offline
Activity: 14
Merit: 0
|
|
June 19, 2011, 06:49:14 PM |
|
If they've been "set back" in how quickly he should process things, they should have advised such in the email. Instead, I was told "Great, will get this out ASAP." which seems to have been misleading. Also, they should update the website.
The service is less than advertised, so I don't think I should have to pay the advertised price.
|
|
|
|
|
|
TheGer
|
|
June 19, 2011, 07:57:01 PM |
|
I feel for you buddy... Losing out on the interest from 1.33 BTC must be a real heartbreaker.... Let me find a suitable country song to sing to you...
|
|
|
|
|
SirBruce
Newbie
Offline
Activity: 14
Merit: 0
|
|
June 20, 2011, 01:05:16 AM |
|
As predicted, BitcoinExchage claimed "it's the weekend" excuse:
> Please read the thread, ACH transferrs are not processed by banks on weekend. Furthermore, there are no ACH transaction fees to begin with.
>
> Your payment should arrive by Tuesday.
Again, the sale was confirmed Monday evening. At the latest he should have started the transfer Tuesday. The ACH transfer should have completed Thursday or Friday. The weekend would never be involved. It was only involved because he decided to not initiate the transfer until who knows when... Friday probably.
|
|
|
|
|
|
TheGer
|
|
June 20, 2011, 05:01:40 AM |
|
Dude spot acting like a punk. Instead of blathering on about you 1.33 BTC to other forum members why don't you keep it to PM's and emails with BCE.
|
|
|
|
|
SirBruce
Newbie
Offline
Activity: 14
Merit: 0
|
|
June 20, 2011, 05:14:45 AM |
|
"Dude", I'm letting everyone here know that BitcoinExchange lies about their turnaround times and won't answer their emails. It was only when I posted here to publically embarrass them did they even bother to respond.
|
|
|
|
|
|
TheGer
|
|
June 20, 2011, 05:27:38 AM |
|
At this point the only one that should be embarassed is you.
|
|
|
|
|
frutza
Newbie
Offline
Activity: 14
Merit: 0
|
|
June 20, 2011, 05:44:31 AM |
|
SirBruce, I have done business with BitcoinExchange and although it's not always real-time, it's NOT a rip-off either. Patience is a virtue, and your Lordship should know that!
|
|
|
|
|
johnjohnx2
Newbie
Offline
Activity: 56
Merit: 0
|
|
June 20, 2011, 05:49:47 AM |
|
Everything is frozen right now due to MtGox being hacked/KIA. Everyone just calm down.
|
|
|
|
|
SirBruce
Newbie
Offline
Activity: 14
Merit: 0
|
|
June 20, 2011, 06:28:35 AM |
|
Fiirstly, why is everyone preaching patience? If BitcoinExchange typically takes a week, that's their choice, BUT THEY ADVERTISE 72 HOURS WORST CASE. It's false advertising regardless of the reason, and intentionally deceptive if they routinely take a week as everyone here seems to be saying.
Secondly, again, they claim the weekend is the holdup, when it clearly is not; had they done the transaction on Tuesday it would have been done Thursday or Friday. So, this is again BitcoinExchange lying to customers, regardless of whether or not they always say this.
Thirdly, this has nothing to do with MtGox being hacked, as my transaction was made Monday. If it was, then they should have emailed me saying, "Hey, MtGox was hacked, your transaction is delayed, sorry for that, he's a partial refund." They have not, nor do I expect them to do so.
|
|
|
|
|
|
TheGer
|
|
June 20, 2011, 07:27:25 AM |
|
You forgot to mention your 1.33 BTC payout. Make sure you get your interest on that eh champ? Don't take no for an answer...
|
|
|
|
|
johnjohnx2
Newbie
Offline
Activity: 56
Merit: 0
|
|
June 20, 2011, 07:36:13 AM |
|
You forgot to mention your 1.33 BTC payout. Make sure you get your interest on that eh champ? Don't take no for an answer...
Don't be an instigator. |
|
|
|
|
|
TheGer
|
|
June 20, 2011, 08:12:12 AM |
|
don't be a  |
|
|
|
|
SirBruce
Newbie
Offline
Activity: 14
Merit: 0
|
|
June 21, 2011, 01:18:03 AM |
|
Update: Still no transfer today. It's now been a full week since confirmation.
Bruce
|
|
|
|
|
johnjohnx2
Newbie
Offline
Activity: 56
Merit: 0
|
|
June 21, 2011, 01:29:59 AM |
|
If he would post a statement in the thread of what is going on with all the delays and what not it would help us all out.
|
|
|
|
|
tanerlorn
Member
Offline
Activity: 109
Merit: 10
|
|
June 21, 2011, 06:19:44 AM |
|
Obviously with mtgox being frozen, he can't do anything.
Also you have to consider, the guy had 7k in PAYPAL. Freaking unrealiable paypal. Who knows how much he had in mtgox, the 250k coin account could have been his.
|
|
|
|
|
SirBruce
Newbie
Offline
Activity: 14
Merit: 0
|
|
June 21, 2011, 06:55:44 AM |
|
Why do you keep brining up the MtGox issue?
1. This order was confirmed *last* Monday and thus filled either *last* Monday or Tuesday at the latest; before any MtGox issues.
2. The guy runs his own exchange. MtGox is *according to his website* simply for price determination. It's up to him to cover the sales, not to wait until he's sold it on MtGox. If I wanted to rely on MtGox for the transaction I could have used MtGox directly.
3. If the MtGox issues were preventing the transaction he should have communicated such to his customers. He has not.
4. If the MtGox issues were preventing the transaction he should either cover the sales out of his own pocket or refund the bitcoins to his customers, along with transaction fees and commission, plus interest.
|
|
|
|
|
|
