Post
Topic
Board Scam Accusations
Re: BTC-E.COM Is it a scam and who are they?
by
blofeld69
on 28/11/2013, 21:26:27 UTC
No, not a scam at all.  I have been using them for quite awhile and they are an indispensable service when it comes to converting your alt-coins to btc so you can actually realize all of your profits with a service like Coinbase. I have them as my default for deposits of Namecoins that I get in excess when mining primarily btc using BTCGuild with their merged mining of btc and nmc.  When my nmc hoard builds up to a nice amount I'll go and get a couple btc from them and BTC-E.com is the only place I have found that does this.

One Warning: You do need to see if people are currently gaming with the alt-currency that you want to exchange for btc because it can help or really hurt you. This site is the one place that is very easy to manipulate because of the lack of other market centers that trade these alt-coins and experienced users will take advantage of the novice if given the chance.

listen maybe you are another sock puppet newbie with 0 posts, don't fill this thread with erroneous information about alt currency's etc trying to confuse people, nobody said there haven't been people who had trades that went through, the accusation is it is a selective scamming scheme i.e. they rip off a percentage of customers not everybody in order to perpetuate the fraud for months

yes a good thing they got going on over there, but maybe they realise that it could all end if it bursts, or maybe the temptation of millions is a lot stronger than 0.02 fee's, who knows what their mindset is, if they were scammers before the bitcoin revolution with the btc highs, old habits are hard to break!

And if they are genuinely just swamped with payments that they cant handle, the end result is the same, people are losing money and they should be closed down or at least told to get their shit together, repeating oh we dont speak english is no excuse, hire some staff!

still think its a scam though