I got some Tulips you can buy to make up your loss on.
Sent $35,104.11 USD to CoinBase. Never received Bitcoins
31–40 of 515 posts
Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins
#32From their terms of service: > Coinbase does not guarantee the value of bitcoin. You acknowledge that the price or value of bitcoin can change rapidly, decrease, and potentially even fall to zero. You acknowledge that holding bitcoin is high risk. You agree to deliver the agreed upon payment for bitcoin upon confirmation of an order, regardless of changes in bitcoin value. > Coinbase will make reasonable efforts to e…
If they were holding onto 35.10 rather than 35.10K, I suspect you would react differently
The courts tend to as well.
Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins
#33Thanks for the heads up! I just registered with them and I was adding my bank details to enable instant-buy and snap some BTC tonight when they drop below 5 USD! :)
Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins
#34Welcome to counterparty risk, Bitcoin style.
shouldn't it be more like Market Risk ?
Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins
#35Do an ACH chargeback as quickly as possible, don't be an idiot and wait for a response, otherwise you may miss your opportunity to walk away without losing $10k.
Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins
#36ACH transactions are reversible FWIW.
Hang on. So one could buy and receive BTC, dispose of them, and then reverse the ACH transfer? Brings a whole new meaning to the term "double spending"!
Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins
#37> Further avoidance by them will lead me to make a few calls to news stations. Eek. The best case scenario is that you'll get a news blurb on local TV where you're portrayed as a sucker. "Weird online currency thing does weird stuff in the way you'd expect weird online currency thing to do, and look at this greedy rube who got sucked in and lost it all! Film at 11."
That might be a probable scenario, but it's certainly not the best case.
Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins
#38Speculation is a risky endeavor.
The problem isn't speculation, but rather that he paid money and was informed he would receive the coins on a certain date, but did not receive them then.
The "price lock in" is perfectly valid so long as they inform the buyer the length of the processing period. If they give false information about that, though, it's the vendor's fault, not the buyer's.
Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins
#39I hate to be that guy, but Coinbase is pretty clear that you'll get your coins _eventually_.
If I were doing thousands in transfers, I'd absolutely be using an exchange. They're also a small start up, funding or not.
Their support team has always come through and usually eats the cost difference if it was a bump on their end. I'd just wait it out.