Post
Topic
Board Beginners & Help
Re: BITFLOOR WEBSITE!!!???
by
sflicht
on 18/04/2013, 00:26:43 UTC
I sure find it interesting that SOME people got emails saying they were closing, and most didn't.

I can guarantee I would have been buying BTC for $200 a pop to get the cash out of there. Some is better than none.

Agreed. One can speculate that Bitfloor's intentions *might* have been pure: maybe they thought to send the emails over a period of hours to the entire userbase to avoid
an instant sell-off that would overwhelm their infrastructure. (Sure it sucks for people on the tail end of the announcement, but if they randomized
who the emails were sent to, I suppose I could seem them thinking this was a good idea.) But then things could have spun out of control too quickly, necessitating an immediate
trading halt. Regardless of their intentions, though, the idea is horrible.

In retrospect, there are a number of red flags about Bitfloor, beyond the theft last autumn (of which I was aware), like the lack of a ToS and the fact that they
are located in the USA. I chose to trade with them because of the CapOne360 deposits (very convenient and free!), but I'm glad I only risked a small amount of money.
I hope I get it back!