Silk Road forums

Discussion => Silk Road discussion => Topic started by: jailbirdslanger on March 27, 2013, 08:47 pm

Title: bitfloor percentage takings rise
Post by: jailbirdslanger on March 27, 2013, 08:47 pm
Today I deposited I think $251 USD on bitfloor. I figured they were still charging 1 percent, but now that I re-look I have noticed its 1-4% I guess based on how much you deposit, anyway I ended up with 236 instead of the typical 250. By the way even if it was a 4% percentage I still dont think that adds up to why I would end up with the USD amount: 236.xx.

 I had to go back out to the bank to put 20 more bux on to place this order uggh. Whats up with this anyone shed some light?
Title: Re: bitfloor percentage takings rise
Post by: DiamondSky on March 28, 2013, 01:09 am
Well to understand it you sort of need to be talking the same language. You are not buying $250 worth of bitcoins you are buying bitcoins worth $250 at the time of purchase. At current market value that would be about 2.8 BC. By the time you get them into your SR wallet you will still have 2.8 BC but that might be worth anywhere from $5 - $500 depending on where the bitcoin market decides to go. I haven't bought from Bitfloor before but most of the time when I order coins I am told how many coins I am getting and that's how much I get regardless of where the market takes them or what I paid for them.

Obviously there are other fees possible too. With Bitinstant I need to uncheck a box to "wash" my coins or they put them through a few different transactions and charge me more for the privilege.

Hope that helps a little.
Title: Re: bitfloor percentage takings rise
Post by: Alpha77 on March 28, 2013, 03:57 am
If you're buying at the market price you're paying for the Ask Price which is higher than the Last Price. Take a look at Bitfloor's order book, sometimes the Ask price is $80 but the size is only 0.1 btc so it will keep going up the orderbook and in price to fulfill the amount of btc you need.
Title: Re: bitfloor percentage takings rise
Post by: CrazyBart on March 28, 2013, 04:03 am
Today I deposited I think $251 USD on bitfloor.

There is your problem right there.

You THINK...
Title: Re: bitfloor percentage takings rise
Post by: jailbirdslanger on March 28, 2013, 10:57 am
Today I deposited I think $251 USD on bitfloor.

There is your problem right there.

You THINK...

Ha, your right, Valium day =/ I just didn't have my receipt, all I know was I just needed 249-251 on my books and did no more for sure, so I could place an order. Anyway yes, I think I need to study how bitfloor works a bit better because I think I did buy at market price (80 or whatever). When I saw my statement on bitfloor it said +250 USD , then it said something like -30 ; $230.

If you guys look though on bitfloor.com you will notice on the deposit page the percentage fee has changed from the 1% solo amount, to 1-4%, I think my ignorance of things could be half the problem, then that. Look into it for me. That 20 dollars I had to go back and deposit was a complete waste of time.

I will be more BTC buyer aware now tho for sure.

PICS

http://tinypic.com/r/k21bhs/6 -- bitfloor new percentages
Title: Re: bitfloor percentage takings rise
Post by: tweak358 on March 29, 2013, 05:55 am
I'm my experience the bitcoin prices there are higher than mtgox, perhaps because so many more people ate using it the buy than sell
Title: Re: bitfloor percentage takings rise
Post by: jailbirdslanger on March 29, 2013, 09:45 pm
mtgox i got issues with, i don't like their terms of service, and also the ID photocopy or whatever. This bitfloor percentage increase just happened this past week. I've deposited every week at least once in the last 3 weeks+ but the most only being $155.xx or so . Its always been 1% till now. I just dont understand , I knew I had $2.xx on my SR books, I needed $250 for a zone of dank, I put in a deposit slip for $252.xx and only came up with $236.xx once it hit SR. I sent the money straight from bitfloor to SR 

By the way, my taste for risk is very high
Title: Re: bitfloor percentage takings rise
Post by: t0rk on March 29, 2013, 09:49 pm
I deposit 3000 yesterday it ended up turning into 2800 by the morning... after all fees and transfers. Sucks.
Title: Re: bitfloor percentage takings rise
Post by: medicalcannibas420 on March 30, 2013, 01:11 am
I used bitfloor....and had a few issues...but the costs were not unreasonable.
Title: Re: bitfloor percentage takings rise
Post by: jailbirdslanger on March 30, 2013, 01:17 am
I deposit 3000 yesterday it ended up turning into 2800 by the morning... after all fees and transfers. Sucks.
I feel you my friend. They raised their fees without warning, I mean yes it does state now that its 1-4 % based on the deposit. I'm not totally sure but in some cases it might be better to use bitinstant (when available lol) as far as fees go.
Title: Re: bitfloor percentage takings rise
Post by: ecstasydude on March 30, 2013, 06:20 am
Dam,

I though I was the only person to notice that change.

Yup so its been about few weeks now sense.

From 1%-4%.... is a big surprise.

I noticed I'm being charged..... 2.75%......... for my order.

So now....that's not much better then.... BitInstant.com
Then I do Market Order, and get charged more for the fees...

It still beats BitInstant.com... by a bit.

(3% Bitfloor) is better then (3.9% BitInstant and ZipZap fees)

1)I guess, they either had to much business to handle, OR
Decided to the same thing as BitInstant, and gain Max profits.

Title: Re: bitfloor percentage takings rise
Post by: dothedamnthing on March 30, 2013, 06:28 am
Haven't noticed any big difference to be honest. I usually request deposit amounts and cancel them until I get a better deal. I never just use the first deposit amount that they give me. It will always be different. I've seen pretty significant differences and saved some money by doing that.
Title: Re: bitfloor percentage takings rise
Post by: ecstasydude on March 30, 2013, 06:48 am
Haven't noticed any big difference to be honest. I usually request deposit amounts and cancel them until I get a better deal. I never just use the first deposit amount that they give me. It will always be different. I've seen pretty significant differences and saved some money by doing that.

Yes, me too. I like to cancel and order till I get my wanted number.

What I didn't know.... is that the fee amount changes, for every new order.

DUDE!!! WTF!!!! WOW MAJOR JUMP!!!
about few dollars jump...

From now on Im going to Cancel, and retry!!

Very nice Information!
Cancel away for lower fees guys!

This need to be pinned on Bitfloor thread.

Thanks.
Title: Re: bitfloor percentage takings rise
Post by: jailbirdslanger on March 30, 2013, 01:23 pm
Hmmm , im def gonna be ready this week for bitfloor to not get me =/
Title: Re: bitfloor percentage takings rise
Post by: anon676869 on March 31, 2013, 05:32 am
i actually prefer bitinstant due to having to buy my coins at a higher rate on bitfloor. i find that i lose the same or more using bitfloor than if i just use bitinstant
Title: Re: bitfloor percentage takings rise
Post by: ecstasydude on March 31, 2013, 05:59 am
i actually prefer bitinstant due to having to buy my coins at a higher rate on bitfloor. i find that i lose the same or more using bitfloor than if i just use bitinstant

These are my options:

Bitfloor (1%-2% plus Trades fee)
*Same amount of $ , when transferred to SR wallet.
No ID/fake ID required, Just account number.

VS

Bitinstant (3.9% plus ZipZap $4 fee)
*When I transfer to SR wallet, I get -$5 less, then what it supposed to be..
Need Fake information, and sometimes ID for MG slip.
Title: Re: bitfloor percentage takings rise
Post by: jailbirdslanger on March 31, 2013, 02:49 pm
i actually prefer bitinstant due to having to buy my coins at a higher rate on bitfloor. i find that i lose the same or more using bitfloor than if i just use bitinstant

These are my options:

Bitfloor (1%-2% plus Trades fee)
*Same amount of $ , when transferred to SR wallet.
No ID/fake ID required, Just account number.

VS

Bitinstant (3.9% plus ZipZap $4 fee)
*When I transfer to SR wallet, I get -$5 less, then what it supposed to be..
Need Fake information, and sometimes ID for MG slip.

This is the sole reason I dont use mtgox, ID. I wish bitinstant's bitcoin to email or address would be more stable. I wouldnt even be stressing this if I wasn't putting down 200+ now as opposed to my usual 130-150
Title: Re: bitfloor percentage takings rise
Post by: Dipset420 on March 31, 2013, 11:42 pm
I use to just get a money pack and be done with it.  Pay 10% and have coins in a few hours no tracing bullshit no banks aggh it sucks.   Last time I was getting coins for a friend and my reg guy had none and I got taken for 400 money that wasn't mine.  I heard sugar mama was reliable but fuck paying 20% people must be out of there fucking minds.  Buying a gram of dope for $300 paying 20% on top of the outrageous prices already feeeewwh  no way.  I went to bitfloors site but seen no instructions for what to do at the bank.  Is there a thread somewhere here someone could point me to.  Theirs so many post's I'm having a hard time finding what I'm looking for.
Title: Re: bitfloor percentage takings rise
Post by: dothedamnthing on April 01, 2013, 01:09 am
I use to just get a money pack and be done with it.  Pay 10% and have coins in a few hours no tracing bullshit no banks aggh it sucks.   Last time I was getting coins for a friend and my reg guy had none and I got taken for 400 money that wasn't mine.  I heard sugar mama was reliable but fuck paying 20% people must be out of there fucking minds.  Buying a gram of dope for $300 paying 20% on top of the outrageous prices already feeeewwh  no way.  I went to bitfloors site but seen no instructions for what to do at the bank.  Is there a thread somewhere here someone could point me to.  Theirs so many post's I'm having a hard time finding what I'm looking for.

All you have to do is make a Bitfloor account, then make a deposit request. It will give you all the instructions you need after that. Basically all you do is go to a BoA and ask for an out-of-state deposit slip (assuming you don't live in NY) and then fill it out with all the information they gave you. All you really need is the account number and the EXACT amount they tell you to deposit. You can just read the account number to the clerk and she will fill it out for you. Give her the cash, get a receipt, done. Money will be in your account by the time you get home.
Title: Re: bitfloor percentage takings rise
Post by: jailbirdslanger on April 04, 2013, 11:17 pm
The problem is when you go to trade USD for BTC you get fucked more lately. At first I lost maybe a dollar or three. Now im losing 8-15 depending on the deposit amount. I'm doing an instant market buy, I dont got time to bs, time is money and if i need to get an order out I gotta do a market buy, I also know nothing of bitfloor and the way to get a cheaper price if someone could ellaboratted i'd +karma and send 2 dollars of BTC meaning 2$ USD
Title: Re: bitfloor percentage takings rise
Post by: ecstasydude on April 05, 2013, 02:15 am
The problem is when you go to trade USD for BTC you get fucked more lately. At first I lost maybe a dollar or three. Now im losing 8-15 depending on the deposit amount. I'm doing an instant market buy, I dont got time to bs, time is money and if i need to get an order out I gotta do a market buy, I also know nothing of bitfloor and the way to get a cheaper price if someone could ellaboratted i'd +karma and send 2 dollars of BTC meaning 2$ USD

Guys be very careful when buying Bitcoins of Bitfloor.

When you see the price on Bitfloor, go back and check if its the same on Mtgox.com

Because I was about to purchase them for $138.5 on bitfloor.
I check on MtGox, and it was at $131.5...

That's like almost a $7 difference in between those websites.

I refreshed Bitfloor, it jumped down to $136.5...
Refreshed again, it jumped down to $135.5....

So in few minutes you can give Bitfloor $10-$20 extra,

Bitfloor is slow on updates.

Check and Refresh people.
Title: Re: bitfloor percentage takings rise
Post by: Spiral Eyes on April 05, 2013, 09:07 pm
I made a deposit through bitinstant 8 days ago to mt gox. The money still is not deposited, and I get little or no help from bitinstant about resolving it. Ive spoken to 3 support reps ( when they finally respond to me days later) and have been told twice the issue is being sent to charlie the CEO. Worst customer service I have EVER encountered. They don't answer my emails or respond to my voice mails on their support line. Un fucking believable. I'll never do business with them again. I'm out several hundred dollars.
Title: Re: bitfloor percentage takings rise
Post by: jailbirdslanger on April 05, 2013, 11:34 pm
The problem is when you go to trade USD for BTC you get fucked more lately. At first I lost maybe a dollar or three. Now im losing 8-15 depending on the deposit amount. I'm doing an instant market buy, I dont got time to bs, time is money and if i need to get an order out I gotta do a market buy, I also know nothing of bitfloor and the way to get a cheaper price if someone could ellaboratted i'd +karma and send 2 dollars of BTC meaning 2$ USD

Guys be very careful when buying Bitcoins of Bitfloor.

When you see the price on Bitfloor, go back and check if its the same on Mtgox.com

Because I was about to purchase them for $138.5 on bitfloor.
I check on MtGox, and it was at $131.5...

That's like almost a $7 difference in between those websites.

I refreshed Bitfloor, it jumped down to $136.5...
Refreshed again, it jumped down to $135.5....

So in few minutes you can give Bitfloor $10-$20 extra,

Bitfloor is slow on updates.

Check and Refresh people.

Thanks, I karma'd you. I'm gonna keep on lookin for better tactics
Title: Re: bitfloor percentage takings rise
Post by: teqno on April 07, 2013, 01:28 pm
The problem is when you go to trade USD for BTC you get fucked more lately. At first I lost maybe a dollar or three. Now im losing 8-15 depending on the deposit amount. I'm doing an instant market buy, I dont got time to bs, time is money and if i need to get an order out I gotta do a market buy, I also know nothing of bitfloor and the way to get a cheaper price if someone could ellaboratted i'd +karma and send 2 dollars of BTC meaning 2$ USD

Bitfloor doesn't charge for the transfer it's Localtill that charges that specific amount so they know it's you who's placing the deposit, sort of like a account number. I always did this when I first started using them. Place a deposit and if you don't like what they are charging you. Cancel and place another one with the same amount, you'll notice it'll either get more added or cheaper.. Keep doing this till you're satisfied. But, I noticed lately when I make a deposit of $600 the lowest fee I got up to was $3-$5 ...Before it was nice because I always got to hit $1.50, once even $1.02.
Just keep cancel and try again, it'll show a different amount each time
Title: Re: bitfloor percentage takings rise
Post by: teqno on April 07, 2013, 01:34 pm
Bitfloor is expensive due to the people who are trading on there..But, it's also the quickest way to get coins, for me at least and I'm pretty sure others can agree. Bitinstant is great when it wants to work...I like using bitstamp through bitinstant but, they screwed up last time and made me wait 3 days for my funds because they had insufficient funds in their account, keeping customers in the dark, not replying emails, phones...Not very professional if you ask me. I rather pay the little extra, so when I get home from the bank the funds are already there for me to spend on coins.
Title: Re: bitfloor percentage takings rise
Post by: Spiral Eyes on April 07, 2013, 01:50 pm
Do you guys know if there's any action I can take if Bitinstant decides they don't wanna pay me? It's been 10 days since my deposit and they have still not deposited my funds to Gox or really shown any sign that they are gonna give me my money.