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So I'm going to assume my 50% offer wasnt taken. There has been no response from my support ticket.
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so ... did u get your money back afterall ?
I got 50% - 50% on one account an still waiting on the other
No, I'm getting small trickles of money, it will take me over a year to get all my money back. I did send a support ticket asking if I can get half of it and he can keep the other half, but I haven't heard anything back yet. They only seem to be biting on those offers when it's a very small amount of Bitcoin. I don't think it'd help someone in my position, who is still owed over 35 Bitcoin. They're just going to keep trickling it out for however long they're still in operation. I offered to settle for a return of my principal investment and was replied to with a form letter, and with the "Ron James is doing his best" reply. Yeah, and I'm 1/10th of you and still might not get it. Someone earlier said their account of 3.6 was denied this, which is about what mine is at. |
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so ... did u get your money back afterall ?
I got 50% - 50% on one account an still waiting on the other
No, I'm getting small trickles of money, it will take me over a year to get all my money back. I did send a support ticket asking if I can get half of it and he can keep the other half, but I haven't heard anything back yet. |
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Is anyone else having trouble logging into the bitarb site. I log in, there is no password error. It just doesn't go anywhere. It comes back up with the log in screen.
I was able to log in just fine. |
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Is there anyone that has been paid more than the 2 btc that was reported earlier?
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Its funny, I have not got a single response from the support tickets and my funds are stuck in the legacy fund. I hope this is legit!
Are you kidding? This isn't legit, it's a total scam. |
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I successfully got my initial investment back (2 BTC) but it takes 10 days.
Wow, that's the largest I have heard of yet. Maybe I have some hope. |
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Ugh...this slow trickle of Bitcoin out of my legacy account is killin' me...it's like watching grass grow. Maybe they're hoping I'll just get bored and go away? lol...
I didn't realize watching grass grow was this boring. |
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You know, I wonder if btc-arbs started out as a legit arbitrage but their wire transfers got blocked and delayed so they made up bullshit to cover for it. I've read that often scams start off legit, but then there are problems and they go rogue. No, they were never legit. The results they claimed were way too high to be realistic arbitrage-results for the simple reason that during the arbitrage-process, you need to have the vast majority of funds as fiat (since that transfers so slowly) and on a given day most of your funds will be in transit from one place to the other. Every day, only a small fraction of the total funds is used for actual trading, yet the profits are spread over the entire balance. In addition, it is extremely likely that they collected far more in BTC deposits than in USD, which means that if they would actually do arbitrage they either had almost all the BTC sitting idle or they had to sell deposited BTC for USD, in which case the results should have strongly reflected the BTC/USD exchange rate fluctuations. After the "acquisition", USD deposits aren't even possible anymore. Then there's the additional bullshit about having an office in Geneva with 10 employees and such. It's a decent coverstory. I've certainly seen Ponzis with a weaker coverstory, but the signs were obvious from the start and I've pointed them out repeatedly in this thread, with my first post already on page 1. I believe the idea was to actually do arbitrage, they did pay for drawn pictures of both "profits" and "loss's", but I believe that was on paper before they started. Probably not far into the planning stages did they realize they couldn't give out the increase they were thinking of and by then too much money had been spent on the site and pictures and what not..... by the time they opened it was just a scam and stayed that way. |
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I got slightly more than 1% transferred today from legacy to active..... lets hope this continues (although I'm going to doubt it).
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I've just sent in a message requesting an estimate of when legacy transfers will be completed. Will post with any reply I get.
I bet this will be the reply: Thank you for your message. As the new owners of BTC-Arbs we are happy to hear from you and are interested in hearing any suggestions that you may have. We are aware that the "Legacy Fund" method of doing things isn't ideal for some members, however it is the best way to ensure that all of our books are in order as we begin to move forward. As you will see, we have already started to transfer a portion of the Legacy Funds back to the main balance. Furthermore, we have processed all withdrawals that we have received. We would appreciate your patience during this transition. A manual verification of the funds within the system is necessary, particularly due to the fact that there were a number of issues that arose as a direct result of the Heartbleed bug. Further information regarding this transition will be provided in the coming days, along with information about our acquisition of an official investment license. Sincerely, Ron James & The Global Capital Alliance I bet they won't respond. |
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I believe this is a scam, that being said I did invest in it albeit a very small amount. We will see if I get any ROI out of this site.
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I have not gotten even one legacy transfer since i withdrew some satoshis 2.5!!
Wow, so this legacy transfer thing even the small transfers is selective too! |
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my 0.1546bitcoins withdrawal was cancelled by admin, what should I do now?
Keep trying |
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Here is the latest bull shit:
One legacy transfer completed today. Arbitrage result 0.58%.
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My sister texted just now and said she just received her second withdrawal, both below .1 but still had received the btc.
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The blatent disregard for support tickets had gotten old.
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I don't mind :].
Total amount around 0.8. It's not as much as some people here. But never the less. I'm happy it seems to be comming home now. Perhaps i'm lucky that my amount is "low". But it was in legacy for weeks like everyone elses.
Ok, good to know. I still have a little over 3.5 there and I doubt I'll get my legacy transferred. |
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Update.
Think my nosing around had effect.
Todays mssg:
From administrator
Sent on May 04th 2014
Your legacy balance has been transferred in full and is now available for withdrawal.
Reply
So all my funds are out of legacy. And i've withdrawn all my funds. Now to wait for the transfer to complete.
Fingers crossed. And hoping more people will get their BTC back.
Do you mind if I all how much you had in legacy? |
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Obviously when you want to try to find his identity you should just keep this information as part of the puzzle which can be helpful and may or may not be true. But I don't think it matters much anyway, I highly doubt anyone can find his identity and I highly doubt that authorities are gonna care. Still obtaining as much information as possible should be good, right?
I would agree that the authorities probably won't give a rip, and even if we did know who he was, aside from filing a law suit there isn't much that will happen. Well, there are other means of punishment if we know who it is.....  Its that simple as perforating the tires of his car etc.....  lol, that's hardly the same cost to him as he has costed us, but that would be funny none the less!  |
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