Quote from: mrverax on June 28, 2013, 09:48:17 PM

<>

Perhaps they feign technical problems, web site issues, software glitches, partner delinquencies, high transaction volumes, office moves and critical upgrades as dilatory tactics to delay customer orders at the current low price, as they wait for the price of bitcoin to go up?

Bingo, that is what I think as well.

They just confirmed that the quote system is bunk.

If it's in their favor they will send you less than their quote.

Quote from: URSAY on June 28, 2013, 03:39:23 PM

Quote from: PuertoLibre on June 28, 2013, 09:02:48 AM

Do you lock in the price of exchange when it is quoted? Or when it is executed?

The price is locked in once we are able to execute your order. This is NOT when you create a quote but shortly after you pay for your order. After your order is paid for and it reaches us from our third party partners then we are able to process your order and lock in your price.

If it's not in their favor they will send you up to a maximum of what is defined in their quote.

So the quote validity on their website is always dependent on what is ultimately good for BitInstant.

Quote from: mrverax on June 28, 2013, 09:48:17 PM

Of course, this would mean that BitInstant operates under a conflict of interest with its customers, and makes a profit by selling bitcoins - which it is not licensed to do. BitInstant's consistent, exceedingly high, and impossible transaction execution prices has raised many eyebrows.

If indeed BitInstant profits solely from its collection of transaction fees, then one would expect BitInstant to be taking orders by whatever means possible - pen and paper, if that's what it takes. The higher demand when the price of bitcoin drops down into the 90's, where it is now, should mean $MONEY$ to BitInstant... But alas, are they taking orders now???

look deeper for the truth...