ACCIDENTALLY BOUGHT LTC ON OVERDRAFT

[Anonymous No.22000262]

What the hell do I do now? I accidentally spent way too much money (over what’s in my account) with a legit accidental purchase. It shows up in my portfolio and I sold it for USD already but it will not let me send back to my bank and says I only have 246$ available.

[Anonymous No.22000296]

you are fucked

[Anonymous No.22000318]

>>22000262
It's game over for you, faggot

[Anonymous No.22000331]

>>22000262
Do you really need 2 threads on this? Fuck off
>>21999539

[Anonymous No.22000369]

>>22000262
Your ass will get liquidated to the stone age

[Anonymous No.22000381]

>>22000262
Call your bank and tell them it was a mistake and to cancel the charge. Not a big deal.

[Anonymous No.22000422]

chargeback

[Anonymous No.22000506]

>>22000381
>>22000422
Not sure they'll be able to do this since he's essentially acquired an asset...

[Anonymous No.22000523]

>>22000506
they dont know shit

[Anonymous No.22000786]

How in the greasy fingers does that happen

[Anonymous No.22000843]

It shows up in my account but it won’t fucking let me send back to my bank! I’m literally freaking out

[Anonymous No.22001036]

Sell it to USD and email coinbase explaining what happened and that you sold it to cash to avoid getting hosed by LTC tanking before they fix the situation ... Worse case scenario you're out the difference in LTC buy/sell price and whatever your bank charges for overdraft .. which might be max $400 ... which blows but its not the end of the fucking world

[Anonymous No.22001116]

>>22001036
I sold it to usd and then tried to send it back to my bank but because I was freaking out and panicked I accidentally DEPOSITED the 8k instead of withdrew so now I have fucking 16k!!!! I don’t have anywhere near this in my bank but it won’t let me send it back and says I only have .75 cents available!!!


Will these simply be rejected with no issue and I’m fine or what?

[Anonymous No.22001166]

>>22001116
So you overdraft deposited 8k by accident, and then in the process of trying to cash out, overdrafted again for another 8k? Am I getting this right?

[Anonymous No.22001177]

You can't send it out for a reason .. you'll get auto liquidiated shortly been there done that

[Anonymous No.22001195]

>>22000786
retard op already made and abandoned a still-active thread about this. apparently he accidentally did it while vacuuming, although that probably raises more questions than answers

[Anonymous No.22001209]

>>22001166
YES

[Anonymous No.22001235]

>>22001177
What do you mean by that???? Dude I’m literally freaking out feeling like killing my self I just accidentally overdrafted 16K!

[Anonymous No.22001254]

>>22000262
How does prison sound?

[Anonymous No.22001271]

>>22001177
What do you mean by that???? Dude I’m literally freaking out feeling like killing my self I just accidentally overdrafted 16K!
>>22001254
Can’t they just fucking cancel the transaction!

[Anonymous No.22001283]

>>22000262
Am suprised your bank allows so much overdraft... oh well... You had the 8k or whatever since you have .75 cents available. Just push money from your savings to tide you over.

[Anonymous No.22001365]

>>22000262
Next time, use 2FA so you don't accidentally submit orders, shithead. In fact, always use 2FA

[Anonymous No.22001400]

>>22001283
>Am suprised your bank allows so much overdraft... oh well... You had the 8k or whatever since you have .75 cents available. Just push money from your savings to tide you over.
Kek 16k overdraft is fucking amazing.

[Anonymous No.22001422]

>>22000262
>>22001116
Lol

[Anonymous No.22001446]

>>22001254
lawyer here who specializes in crypto, this guy is fucked lmao

[Anonymous No.22001451]

this has to be a larp, nobody could be this retarded

[Anonymous No.22001470]

>>22001209
Stop fucking with it and email coinbase, the damage is already done and you obviously can't do anything with your bank until Monday.

[Anonymous No.22001495]

>>22001271
My brother actually ended up getting convicted on fraud charges for something similar. The good news? He only did like two years. Tough it out.

[Anonymous No.22001524]

why litecoin??

[Anonymous No.22001526]

>>22001451

No bank offers 16k of overdraft protection, everyone here is a retarded newfag including OP

[Anonymous No.22001535]

>>22000843
Call the bank, your account is Frozen

[Anonymous No.22001558]

I wish people wouldn’t make fun of me because I’m honestly suicidal rn

[Anonymous No.22001561]

>>22000262
Coinbase typically doesn't let you move assets off their exchange for a while for a reason. You might be able to get some of that back.

[Anonymous No.22001577]

>>22001116
Are you legitimately retarded?

[Anonymous No.22001595]

>>22001535
I just got off the phone with bank. They could block the transactions but I was worried that would get my Coinbase banned so I think I should let them process and be rejected..... and I will have overdraft fees but I can still get them refunded

[Anonymous No.22001629]

>>22001577
No, I just was in a panic and clicked deposit instead of withdrawal

It’s the stupidest thing I’ve ever done

[Anonymous No.22001657]

>>22001595
why litecoin though

[Anonymous No.22001733]

jesus christ if real this is a nightmarish scenario. good luck op

[Anonymous No.22001767]

>>22001209
So most likely, the bank wouldn't have let you overdraft this much without having your account tethered to an overdraft protection account....like a savings account your parents could have set for you...if you're younger.

All the other anons telling you to step away are correct. Check with your bank when they open and they will help rectify the situation.

Hope this works out for you Anon.

[Anonymous No.22001851]

>>22001733
ITS REAL AND IM HAVING A PANIC ATTACK

[Anonymous No.22001886]

>>22001767
They said if they didn’t block the payment it could be rejected by Coinbase and that I can get my overdraft fee rejected


I was just worried that I’d that blocked both payments my account would be banned or locked.... so I thought maybe it was best to just let them go through on the business days and be rejected


This is a nightmare I hope I don’t lose everything I have in my eth

[Anonymous No.22001935]

>>22001116
this is some cheesy sitcom levels of fucking up

[Anonymous No.22001979]

>>22001935
It’s really what happened though. Will Coinbase justreject the deposits?

[Anonymous No.22001993]

>>22000262
Quick: overdraft purchase several million Bitcoin before going to the nearest marina and stealing a sailboat and immediately raising sheets for the Cayman Islands or Trinidad & Tobago. I mean, if your bank didn't stop your overdraft purchase, fuck them and take everything you can from those kikes. Also fuck niggers.

[Anonymous No.22002064]

Prepare your anus for proper pounding for wire fraud

[Anonymous No.22002110]

Bro it's okay. They will just charge you $35 fee once you pay it back. Just wait for btc to moon. Do you really need the account anyways

[Anonymous No.22002154]

>>22002110
Wait what do you mean?

[Anonymous No.22002242]

>>22000262
How does $750,000 by end of 2022 sound just withdraw the litcorn and move to Belize

[Anonymous No.22002317]

why did you buy litecoi

[Anonymous No.22002497]

I’ve seen this happen before, you actually need to deposit $16k to cancel out the $16k deposit.

[Anonymous No.22002671]

>>22002497
Can you explain that a bit better?

[Anonymous No.22002744]

Sorry bro I'm about to crash the value of LTC right as you're about to MARKET SELL when you inevitably buy $16,000 more. You've been warned.

[Anonymous No.22002795]

Also thanks for the lols. How the fuck do you buy $8000 more on top of it hahaha

[Anonymous No.22003106]

>>22001558
Don’t kill yourself. Shit is fine, if you just stop fucking with it. Let all involved parties know what happened and pay your fees.

[Anonymous No.22003123]

>>22002795
Buy more anon! Do another 8k!

[Anonymous No.22003191]

>>22003106
I let my bank know and sent out a retarded email to Coinbase. I’ll follow up on this as the events unfold cause I need to document this critical error and what happened for a home else who is unfortunately as retarded as me

[Anonymous No.22003198]

lmao I hope this thread is real based OP

[Anonymous No.22003225]

>>22003191

Can you upload pic of email? We need to make sure you have the right language in there in case they want to take it to court.

[Anonymous No.22003226]

Its come to the point where I think everything on biz is a larp. This looks real though. Anybody know a way to stop being so skeptical on biz?

[Anonymous No.22003249]

>>22003226
Just have fun

[Anonymous No.22003309]

It happened to me. They just asked me to cover the amount owed by selling assets or deposit the money to cover the cost. I wasn't overdrafting tho like op

[Anonymous No.22003358]

>>22001979
Try it again and see if you get 24k then see if you can cash out into the blockchain

[Anonymous No.22003367]

>>22003309
I have 14k worth of OMG but I can’t sell that as the big loss I’m at now

[Anonymous No.22003433]

>>22003198
It is...

[Anonymous No.22003594]

>>22003433
bro this is hilarious, thanks for the thread, good luck!

[Anonymous No.22003619]

>>22003594
Any actual advice for me?

[Anonymous No.22003691]

>>22003619
fuck man, I've never been in a situation like this, I would contact your bank though definitely and see if they can cancel that

post your Tezos address and I'll send you a little, make sure it's the DEPOSIT address lol

[Anonymous No.22003707]

>>22003619
Lawyers.
Good ones.

[Anonymous No.22003793]

>>22001851
Chill the fuck out schizo

[Anonymous No.22003809]

>>22000262
Since just buy a rope with your Ltc

[Anonymous No.22003831]

so what happens if you overdraft that much? do you owe it to the bank, is it like a loan, how does that work?

[Anonymous No.22003848]

The IRS might be invoked already due to the amount of more than $10k

[Anonymous No.22003904]

>>22003691
They said they could block the payment but that could be bad for my Coinbase account and could cause it to get banned for use with my bank..

[Anonymous No.22003919]

>>22003848

Yeah a Suspicious Activity Report (SAR) is filed for any transaction over $10k. You might get a little sniffing from the IRS.

[Anonymous No.22003935]

>>22000262
Your fucked buddy, coinbase is taking you to kleros court for this right now

[Anonymous No.22003940]

>>22003848
I called my bank and they said the cryptocurrency app should reject it within the 3-5 business days even tho it’s in my portfolio

[Anonymous No.22003989]

>>22001558
Be an hero, you're fucked anyway, lets go for 64k overdraft

[Anonymous No.22004004]

>>22003904
fuck it dude, it's better you cancel it right, get on Kraken or a better exchange

[Anonymous No.22004015]

>>22003989
My bank said they don’t allow overdraft

[Anonymous No.22004051]

Damn. Too bad you didn't accidentally buy link.

[Anonymous No.22004086]

>>22003904
So your fat finger caused all the customers of that bank to lose the abillity to use coinbase?
>Based

[Anonymous No.22004111]

Can somebody fucking calm me down please

[Anonymous No.22004162]

>>22004111
I am literaly in tears at 3:30am laughing my ass of because of you if that helps, its like the first time in years

[Anonymous No.22004169]

>>22004111

[Anonymous No.22004201]

>>22004111
yea bro chill, your bank will cancel it, you might pay a couple hundred dollars in fees, your coinbase might get canceled, but so what, there are a dozen other good exchanges out there

[Anonymous No.22004216]

>>22004111

Call coinbase support asap and explain the mistake.

They might think you where trying to steal LTC with money you didn't have considering you tried to cash out lolololol

[Anonymous No.22004221]

Someone should to this with a small coin, pump it with fatfinger, raise the price, others dump and you go
>Oopsie daisy, clumsy me
>Bank cancel pl0x

[Anonymous No.22004226]

this is it op, now that you have accrued a huge amount of debt it is time to climb from the absolute bottom. put it all at stake and win!

[Anonymous No.22004239]

>>22004201

And what this guy said, chill out and call coinbase and explain the situation.

You will probably eat the bank fees and if coinbase is pissed they will cancel your account.

[Anonymous No.22004241]

>>22004216
I emailed them about it

[Anonymous No.22004267]

>>22003191
We honor your sacrifice OP. Thank you for your service.

[Anonymous No.22004283]

>>22004241

call them and get somebody on the line, it will be more effective.

[Anonymous No.22004285]

>>22004241
>E-mail
Do you want me to wake my neighbours with my hyena laugh?

[Anonymous No.22004336]

>>22004283
THERES NO WAY TO GET ANYONE ON THE LINE WHEN YOU CALL

[Anonymous No.22004402]

>>22004241
its the weekend no one works on the weekend goyim

[Anonymous No.22004459]

Im having GUH vibes anons

[Anonymous No.22004460]

>>22004402
Ahh. The sabbath

[Anonymous No.22004527]

I’m just going to kms cause I’m a fucking retard

[Anonymous No.22004540]

>>22004336
Pull the trump and become to big to fail, stake 100k on 1000 times

[Anonymous No.22004648]

>>22004336
Your local tax authority is gonna have a hard on for you from now

Also, your bank will add your name to a crypto watchlist, a blacklist for being such a retard, and a high risk list

Your credit will also be affected

On the bright side you probably won't suffer criminal proceedings cause you've tried contacting coinbase and your bank quite quickly

[Anonymous No.22004683]

Update

[Anonymous No.22004757]

>>22000262
>>22001116
>>22004527

>we are the early adopters guys

[Anonymous No.22004926]

>>22001195
Wat in the fuck was he vacuuming, his brain?

[Anonymous No.22004977]

>>22000262
Congrats, when you sell to fiat you now owe taxes on $8392.21 and will likely be audited for wash trading

[Anonymous No.22004992]

>>22004977
Really? I thought only gains are taxed.... the fuck?

[Anonymous No.22005045]

>>22004977
How can I owe taxes on it when I sold at a loss and paid over 300 in fees?

[Anonymous No.22005065]

>>22004992
yea retards have entered the market time to sell

[Anonymous No.22005124]

>>22003619
As a lawyer who specializes in law, here's my advice: cut up any debit and credit cards you have, microwave your phone and drives and go backpacking for a week. Tell your friend today that you left yesterday. I won't lie, even if you make it, Heaven won't be kind to you.

[Anonymous No.22005135]

>>22000262
Why not wait until September, Litecoin to launch something. Worst case scenario nothing happens, best case scenario you win some extra cash.

[Anonymous No.22005586]

Bump

[Anonymous No.22005639]

>>22000262
lol why didnt u just turn ur ltc into btc and trade it for something i am failing to see how this is a biig deal

[Anonymous No.22005685]

>>22005639
The big deal is it’s moneh I don’t fucking have being put onto my account


What didn’t you understand?

[Anonymous No.22005751]

>>22005685
sell ltc pay bank back, ask if bank can refund any fees cause youre retarded. also use coinbase pro to not pay as much in fees on jewbase

[Anonymous No.22005829]

Have you tried calling zeus capital? they'll probably help you with a lawsuit against coinbase.

[Anonymous No.22005865]

Coinbase usually just bans you for life from buying for this.

[Anonymous No.22005898]

>>22005685
boohoo u went into your overdraft thats literally what its for just sit on the debt til next month when you get paid again who cares

[Anonymous No.22006047]

>>22000262
Not only do the bank employees think you're a fool for buying crypto but 90% of /biz/ thinks you're a fool for buying Litecoin.

[Anonymous No.22006122]

>>22001209
This whole thread is a sell signal

[Anonymous No.22006163]

>>22004992
>>22005045
Crypto to fiat is a taxable event. You know owe roughly 30 percent on $8392.

[Anonymous No.22006185]

Got another email from them

[Anonymous No.22006264]

>>22000262
>>22006185
OP I did this shit during the crash in March buying the dip on Ethereum.
The next thing they are going to do when the deposit fails is demand the deposit in cash immediately, and your funds will be frozen. If you have any funds outstanding on the account (apart from the LTC, which you can't move anyway), I would recommend taking them off the platform. Your account will be restricted in many ways for a while, though your account should be fine if follow the steps I am going to outline.
1. SELL the LTC, but it must be at a profit. If there is a loss, then you will be absolutely fucked. Don't be in this situation
2. When the deposit fails, use the cash on your Coinbase account to pay the debt
3. Not really third step, but you can withdraw the profits you have immediately (So if you make 10 bucks when you sell you can just withdraw to ETH and buy csgo skins or something. You will probably get overdraft fees on your bank account (that should be your only concern)

[Anonymous No.22006302]

>>22006185
Rereading your OP, since you already sold at a profit (or had outstanding funds in your account), you will be completely fine. Just make sure you pay the debt when they email you or your account might get perma-fucked

[Anonymous No.22006348]

Yeah shit happens sometimes, if the bank won't let you cause they're saying your balance isn't enough find something to do to top the cash up, bitcoin games is one of my extra curricular activities that helps me in times of urgency

[Anonymous No.22006517]

>>22006163
You’re fucking kidding....
>>22006264
I sold the ltc for USD immediately but it was at a loss of a couple hundred dollars

[Anonymous No.22006533]

Crypto might not be for you bro. Just chill out and take this one step at a time. You can’t change what happened, so now you have to do your best from here. Which might mean walking away entirely

[Anonymous No.22006541]

I've reported you to the IRS. The kill bot hounds are en route.

[Anonymous No.22006550]

>>22001116
I can’t fucking take it my cheeks are cramping from laughing so damn hard. Thank you op you beautiful idiot.

[Anonymous No.22006566]

>>22001524
it's teh silver to BTC's gold omegalel

[Anonymous No.22006617]

Im confused. Ive done a few buys on coinbase in 2017/18 where it had me overdrafted on my checking but the ACH payment cleared. I just had to pay my bank an extra $35 for overdraft

[Anonymous No.22006634]

>>22006617
That’s what is going to happen with me

[Anonymous No.22006639]

>>22001116
This cant be real. This is a larp right?

[Anonymous No.22006658]

>>22001595
move all the coins off coinbase, and then cancel the purchase.

[Anonymous No.22006659]

>>22006634
so its literally no big deal

[Anonymous No.22006728]

>>22006517
>sold the ltc for USD

Yeah, you definitely fucked up on that one

[Anonymous No.22006793]

>>22006658
I think my coins will be safe. I can’t sell what I have at a loss...

[Anonymous No.22006938]

>>22001116
HOLY FUCK. This is worse than that time I accidentally bought BTC on 3x margin and then sold it immediately, losing $200 in Coinbase fees.

[Anonymous No.22007795]

Done this with 50000 nothing happens you just owe Coinbase if the price goes down by the time they send the money back to your bank in like five days. U bought USDC so you'll the difference if there even is any otherwise you're good