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Hm....shouldn't LTC difficulty skyrocket after this has been introduced. Supposedly, lots of people bought this and started mining LTC immediately?
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Cashouts are business days only, so tomorrow you ll get your money.
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OK, just to keep you guys updated,
in few hours support answered saying there are some maintanance works ongoing, but those will be finished in hours.
And it reall did unlocked in fiew hours...
Nice, so you got your shares credit? Got you money, right? |
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No audit = High possibility of a scam....
You ve said the same for registration. Now they provided the proof of registration. Audit details will be posted end of this month. Really, do you know any other cloud mining/BTC related invested scheme that promises audit to its customers?? Nobody asked them to do so, they promised to that on their own. Let me be clear, there is always risk investing online, especially BTC, but with all these sponsorship events, additional information provided and even a very detailed analysis here in this thread, they seem OK so far, at least IMO. |
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Another Bitcoin trader sponsorship, Bitfilm Festival 2014 powered by Bitcoin Trader. The 14th edition of the Bitfilm Festival will focus on films about Bitcoin. This is a great way to promote BTC and help gain more acceptance.  |
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With the 20% commission, the two curves indicate a preference for 1.6% and 1.3%. The numbers appear naturally distributed, the only comment would be about the product details numbers which are not indicative of the results.
Very comprehensive work. I am not a pro. How do you interpret this sentense? What does it say to you? BombaUcigasa, I'd like to know more about your personal opinion and how you interpret this data as well. It doesn't say much on it's own. The data doesn't say much, so far shows only the issue with the two time periods and the difference in profits, I was trying to "catch" them by noticing leaked statistical ambiguities in their numbers, there is no statistical indication that the numbers are cooked, but I was also unable to identify the method they use for profit-taking. It looks like they bet on price changes with open short or long positions (like forex) and they sometimes close on a profit or loss when the price moves rapidly. This could be made by a simple automated bot, 24/7, no need for hired day traders, but I digreess. While customers might be misled into believing they get higher profits (more than 1.3% on average), they can check the calendar and get an idea of what the profits would look like. looking at the results the curve is broken in the two time periods, before April and after April
they are saying they opened a new office in china and hired two new trader for implementing chinese exchanges in their system. the result of that, they claimed were flater results and less negative trading results. that could be the explanation for that and not a secret at all. That's very nice of them, but with greater stability comes greater loss of profits. I personally would design my service to have better average profitability and mask variance by carrying results from the previous day (like mining pools operate). This would give the same profitability as the previous period while preventing negative days. Anyway, my position stands as before, I can't tell if the operation is honest or if it's a ponzi. It matches real trading more, and it would require greater difficulty to operate it as a ponzi. Thx for the effort and for explanations, really nice analysis. |
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Well, that s life. Sometimes I wish I am less risk averse.
Not many people would call putting money in a hyip risk adverse. Been listening to that story since the day one. Yet, I keep making money since the day one. Reached full 176% ROI 4 weeks ago, withdrew principal and reinvested some of my profits. Unfortunately, I invested just a small amount. However, I have a friend who invested $11k and will reach 171% ROI in a few days, most of it he has already received. Have another friend who invested $20k and will reach similar ROI end of this month. If they are a HYIP, they are really strange HYIP, the one which lets people reach full ROI, profit, withdraw and then reinvest only house money. This all goes on almost 10 months. Never heard of something like that. |
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I invest there and yes, they are paying , but i invest there as invest in hyip, rule 1 : dont invest more than you can afford to lose
Smart advice, I have stated this in my first post. However, 5 months later, I can only wish I d invested more, much more. Results orientated thinking. You could have made more or lost it all dont beat yourself up about it  Well, that s life. Sometimes I wish I am less risk averse. August 13, result: +0.82% |
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I invest there and yes, they are paying , but i invest there as invest in hyip, rule 1 : dont invest more than you can afford to lose
Smart advice, I have stated this in my first post. However, 5 months later, I can only wish I d invested more, much more. |
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This is from their FB page.
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How long have you been using them?
I have been using them since mid March 2014. |
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Anything else?
I like Huntercoin. Super low market cap and blah blah blah What, simple mining? |
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The company was founded in 2013 - we launched beta a few months ago and now we are fixing bugs of the new site version. We hope to announce it next week - we ve already launched more friendly design, okpay withdrawals and are testing margin trading, that will be also available next week.
Margin trading might be interesting, however you need to have large base of users in order to achieve attractive interest rates. |
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According to their FB page, Bitcoin trader has provided Panama registration data requested by their users. Here is unofficial translation, original version can be found on their FB page.
No. of Listing: 840,485
Document No.: 2648948
Name of the Company: Bitcoin TRADER HOLDING INC.
Tomo: 0 Page: 0 Seat: 0
Registration Date: 08/04/2014 Status: IN FORCE
No. Writing: Writing 20566 Date: 07/30/2014
Notary: 43
NOTARIA TENTH CIRCUIT
Notary Province: PANAMA
Duration: PERPETUAL Address: PANAMA
Status of the Garment (DEF-FINAL PRE-PRELIMINARY)
Data 1a. Flat Rate
Ballot: 1400130525 Payment Date: 07/31/2014
Resident Agent: NANCY ORANTES
Data Journal
Tomo: 2014 Seat: 142753
Microfilm Facts
Roll: 0 Picture: 0
Currency: American dollars.
Principal Amount: 10,000.00
Capital
SHARE CAPITAL OF THE COMPANY IS DIVIDED INTO TEN HUNDRED THOUSAND DOLLARS
SHARES THAT MAY BE REGISTERED OR THE INTERCHANGEABLE CARRIER A
AS FOR THE OTHER A REQUEST FOR ALL YOUR DREAM WITH A NOMINAL VALUE
HUNDRED DOLLARS EACH.
Legal Representative
THE LEGAL REPRESENTATIVE OF THE COMPANY IS THE PRESIDENT COULD
EXERCISE THAT ALSO BY THE SECRETARY OR TREASURER OR
PERSON APPOINTED BOARD WITH THIS PURPOSE.
Title name Dignitary Dignitary
PRESIDENT JOHN CARLEY
TREASURER EDGAR ROSE
SECRETARY EDGAR ROSE
Name of Directors
JOHN CARLEY
EDGAR ROSE
CARLOS ECHEVERRIA
Name of Subscribers
NANCY ORANTES
MARIANA ORTEGA
Job Details
Dissolution, Bankruptcy, Fusion, Redomicilio Provisional or Definitive Transformation
Rollo: Image:
Micro-Date:
Data Journal
Tomo: Seat:
Writing Data
Number: Date:
Notary: State:
Exchange Act:
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Have you noticed that MNO blog admin is a scammer too!
I've got a message from him about doing investsments directly with him, and he too just fooled me... Hopefully I didnt give away much money.. But that man I was thinking he has a business to lose, a reputation, but just as you pointed out he still runs his business and nobody giving a shit that this man just is a criminal...
Seems those jerks are working together...
???What did you do? What did u invest it and who invited you to invest? Can you pls elaborate a bit. |
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How much do you get paid off the referrals?
How did you get started with this?
How did I get started with what? Please clarify what do you want to know. |
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Hey guys, we invite you to test arbitrage on our trading platform. As far as we one of the few services that let people purchase bitcoins & litecoins with a credit card, we have rather more buyers than sellers. Thats why our price is usually higher than on the major exchanges After you sell cryptocurrency, you can withdraw money to Okpay. https://indacoin.com/tradeThis doesn't make any sense. Most sites that sell bitcoin via a Credit Card actually sell bitcoin and are not actually an exchange. The difference in the exchange rate is profit for the site in exchange for taking the risk of credit card fraud. Yes & No - we got 2 services 1) an exchanger, where people usually buy bitcoins with a credit card and pay high fees https://indacoin.com/change2) a trading platform, where people can exchange bitcoins & litecoins with each other https://indacoin.com/tradeAnd the exchanger is connected with the trading platform. So when our clients buy bitcoins through exchanger, in fact they execute a buy order on our trading platform. And as far as customers who use exchanger don't care much about the price, people who sell bitcoins & litecoins through our trading platform, got good profit How old is your service and how many clients have you had so far? |
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is it possible for this site to have negative results? Have there been any that you are away of and has it happened to you?
Yes, there have been negative trading results 2 or 3 times so far. |
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2 years ago or so when btc was sub 10 dollars, arbitrage was da bomb. I made a killing doing this. (too bad I cashed out most of my coins before da boom) now, the risk is too high and the swings aren't as big as they used to be. today a 5 percent swing is huge, back then, a 30 percent swing was all in days work...ahh the good ole days..
I still think liquidity is the main problem. Price volatility is still there, there are days with 3-4% or more difference between exchanges. Getting sufficient liquidity while maintain those prices is a real challenge. |
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