WARNING: Crypto::stocks currently not allowing withdrawals

[lynn_402]

I really don't understand why people keept their money with Kumala after Vircurex fiasco. Maybe they are stuck in "securities" with neverending IPO's, is this the explanation?
Anyway, cryptostocks is a joke aproaching to it's end.

Some of the securities are legit, and Cryptostocks is the only way to invest with them. Cryptsy, Coinfarm, Cannabit are all good.
However, it might still not be worth it to take the risk inherent in dealing with CS, even though these securities are good.

[badpeanut]

Ticker "COIN" has just paid dividend to share holders. I wonder if CS wallet is still offline, can anyone confirm?

This should raise a red flag about their listing. If they've managed to pay dividends while wallets are not working, this might mean that they never actually used the funds raised on CS, and simply redistribute them to the stock-holders in a pyramid scheme.

Yeah true, i also tho that.

But they could also have sold shares in these 4 days when CS wallet was down. Perhaps they thought it was better to pay what is left then keep it if CS go down for real. So they try to save themself not losing the coins, shady imo

[lynn_402]

Ticker "COIN" has just paid dividend to share holders. I wonder if CS wallet is still offline, can anyone confirm?

This should raise a red flag about their listing. If they've managed to pay dividends while wallets are not working, this might mean that they never actually used the funds raised on CS, and simply redistribute them to the stock-holders in a pyramid scheme.

Yeah true, i also tho that.

But they could also have sold shares in these 4 days when CS wallet was down. Perhaps they thought it was better to pay what is left then keep it if CS go down for real. So they try to save themself not losing the coins, shady imo

That would be possible, however, their recent trading history shows prices that are all over the place; so Coin eithers sell their share at market price (shady), or they've never used their funds at all (very shady).

[badpeanut]

I really don't understand why people keept their money with Kumala after Vircurex fiasco. Maybe they are stuck in "securities" with neverending IPO's, is this the explanation?
Anyway, cryptostocks is a joke aproaching to it's end.

Right, stuck with IPO's and some project are good invest like coinfarm. Those guys will pay dividend tru another way if CS ever goes down. Just have to trust the project and aware not to leave much in CS wallet

[badpeanut]

Ticker "COIN" has just paid dividend to share holders. I wonder if CS wallet is still offline, can anyone confirm?

This should raise a red flag about their listing. If they've managed to pay dividends while wallets are not working, this might mean that they never actually used the funds raised on CS, and simply redistribute them to the stock-holders in a pyramid scheme.

Yeah true, i also tho that.

But they could also have sold shares in these 4 days when CS wallet was down. Perhaps they thought it was better to pay what is left then keep it if CS go down for real. So they try to save themself not losing the coins, shady imo

That would be possible, however, their recent trading history shows prices that are all over the place; so Coin eithers sell their share at market price (shady), or they've never used their funds at all (very shady).

They are not the only project that paid dividend when wallet is offline haha

BCMINECS
MINPIT
WPOOL
SBFS
BITSEED

[AcoinL.L.C]

Its also possible they left funds on the site in order to cover dividend payments, but it is fairly shady

[badpeanut]

People, keep this thread updated when any withdrawal is approved. For now this doesnt look well

[SamboNZ]

Tried a BTC withdrawal again about an hour ago, no go.

[lynn_402]

There are two persons on CoinReturn's thread who report having withdrawed and deposited successfully!
https://bitcointalk.org/index.php?topic=504128.220;topicseen

[ajw7989]

I can also confirm that my withdrawal was just pushed through and successfully received on the other end

[twentyseventy]

Assuming that withdrawals are now fully enabled, hopefully this is a learning experience for everyone here (and a free one, at that).

Cryptostocks really cannot be trusted to act in its participants' best interests. What other exchange has had a wallet down for days?

[badpeanut]

Great news!!

Good lesson idd

[drmavis]

I'm not sure what to do - I don't really trust Cryptostocks after this, but can't really get funds out because so many projects are IPO-locked and there isn't enough buyers on there to sell out at a decent rate anyhow. I hope projects look into alternative crypto stock exchanges or this spurs a developer to make a better one. Why aren't there more options for trading securities than CryptoStocks and Havelock? There are so many competing coin exchanges right now that converting one into a stock exchange would make sense.

[beaknuke]

My Friday deposit is now in (Tuesday), I also feel the trust has gone

[lynn_402]

My Friday deposit is now in (Tuesday), I also feel the trust has gone

At least we know he's not a thief. But the lack of transparence, and possibly of gross negligence or incompetence, might be good enough reasons to stay away from the site.

[beaknuke]

i think i will be slowing down with this site, hoping alternatives come


I am now transferring other BTC across to CS, this is working

[nwfella]

Confirmed.  Successfully withdrew BTC and DVC.

[ondratra]

I also successfully withrawed.

[Squeaker]

now if he'd just fix his mail server so we get notifications again...

=squeak=

[🏰 TradeFortress 🏰]

Maybe Kumala could ask for usagi's help, I heard he's quite good with online wallets.

great idea, perhaps tradefortress, ukyo and karpeles can lend a hand too, all star lineup creating a killer exchange platform

did i make an exchange overnight