Bitalo's lead developer, the guy who's responsible for the website, is the same guy who developed, and administrated Bitmarket.
So either he's incompetent or I'm right and he's a scam.
In both cases reasons enough not to trust Bitalo. It's certainly not a safe place to store bitcoins.
Have a look at the link below.
http://www.reddit.com/r/Bitcoin/comments/14v2fq/anyone_knows_whats_going_on_with_bitmarketeu/ https://bitcointalk.org/index.php?topic=5441.500https://bitcointalk.org/index.php?topic=129803.0And this is what is says on the startpage of bitmarket
http://bitmarket.eu/So the whole bitmarket team went over to Bitalo... Goody.
And for the people who speak/read Dutch (or Dainish I think, maybe), here's something about the account being frozen but the amount stored still shows. He lost more then 20 btc ($20000).
http://www.bitcoinspot.nl/forum.html?func=view&catid=4&id=155The site still exists indeed, and one can still ogon and SEE his/her credit.. but one cannot withdraw. The administrator (Marciej Trebarc) promisses to refund the outstanding amount... but in euros and what the coins were worth 10/20 euro a piece.
So let's make a quick calculation. Bitmarket traded, according to their own info, 200000 btc. It opened in 2011 and closed down in 2012.
It is safe to assume that at least 2% of that 'floating' amount of 200000 btc got frozen... 4000 btc... $4000000... So either mr. Trebarc and his team that he brought along, are the kings of all bungles or they're all very rich jong men planning on getting even richer.
Yes i am dapj from the last link in Dutch http://www.bitcoinspot.nl/forum.html?func=view&catid=4&id=155
I want also my coins back because i lost +22 coins !!!! I need also advice from people here how to get them back asap, true the law?? No problem or indeed spread it around so no others go there !! If they give me all the money worth in coin now well i will make a compramise : 1 coin is on this moment worth...775.37 Euro !!!!! Give me per coin 500 Euro, so 22 x 500 Euro = 11.000 Euro !!!!!