April 3, 2014 trading results: Btc-arbs: +1.68%  Bitcoin trader: 1.02%  |
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I have edited the first posts and added March data to the results graph. Cumulative March results are: +22.38% Bitcoin trader trading pool and 19.67% Bitcoin trader mining pool.
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If you buy 50 shares for $1000 and the result is 1%, you get $10 for that day. The limit is $50k or 2500 shares per person.
Do you know the total amount of the principal obtained from the clients? - 100bps a day is quite outrageous rate if it is true. - if they have 20 clients with $50k principal, it's 1mil you cannot trade such amount on the market, which easily move the market. Also banks don't process such suspicious transactions. Overall, it sounds unsustainable and not for me  Perhaps 120 days locking period is the key like other indirect investment products. We may know after 120 days  They have been online for over 5 months now so the first shares have already matured and more and more of them mature each day. I opened a ticket with similar question and was told that they had filled about 50% of their trading capacity. Once they reach 100%, they will not sell any more shares. Regarding the risk, already expressed my opinion about that, have nothing more to add. |
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Another nice day, April 2, 2014 trading results: BTC-arbs: +1.08% Bitcoin trader: +1.05% |
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Please post performance not only in percentage but also dollar amount. In this sort of work, principal amount is important considering fee and liquidity. How much of dollar amount are you talking about  If you invest 1.0 USD and have 2 cent gain, it is still 2.0 %. Can you make 1,000USD profit a day using 100,000 USD principal  Your dollar performance depends on the amount invested. To clarify this, you buy trading shares, each share is $20 and it expires in 120 days. After these 120 days, you get your principal back, that is the money you have paid to purchase your shares. In the meantime, during these 120 days, each day you get percentage of trading profits/loses, depending on arbitrage opportunities for that particular day. So, if you buy 5 shares and invest $100 and daily result is +1%, you get $1 in profits or 20 cents per each share purchased. If you buy 50 shares for $1000 and the result is 1%, you get $10 for that day. The limit is $50k or 2500 shares per person. They also provide mining shares, this is basically standard cloud hashing option, $100 for 10 GH/s and these last 365 days. So you say that if i pay them 10000$ i will get 1TH/s which will mine bitcoins for me for 365 days and after that i will get my money back + mined bitcoins, sounds too good to be true. No. When investing into trading shares you get your money back after 120 days + interests. When buying mining shares, you get cloud hashing service and you only get mined BTC. |
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Please post performance not only in percentage but also dollar amount. In this sort of work, principal amount is important considering fee and liquidity. How much of dollar amount are you talking about If you invest 1.0 USD and have 2 cent gain, it is still 2.0 %. Can you make 1,000USD profit a day using 100,000 USD principal Your dollar performance depends on the amount invested. To clarify this, you buy trading shares, each share is $20 and it expires in 120 days. After these 120 days, you get your principal back, that is the money you have paid to purchase your shares. In the meantime, during these 120 days, each day you get percentage of trading profits/loses, depending on arbitrage opportunities for that particular day. So, if you buy 5 shares and invest $100 and daily result is +1%, you get $1 in profits or 20 cents per each share purchased. If you buy 50 shares for $1000 and the result is 1%, you get $10 for that day. The limit is $50k or 2500 shares per person. They also provide mining shares, this is basically standard cloud hashing option, $100 for 10 GH/s and these last 365 days. |
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how do they pay the earning? is it per share which is worth 20 dollars so all share earn same amount of .02 cents if the earning for today is 1% or is it 1% of the equivalent amount of bitcoin when you purchase the share. cause if i buy a share today compared when you bought your share then il have to pay more bitcoins.
thanks
Yes, earnings are per share, starting from the day you buy that share. Besides Bitcoin, you can use several other payment processors if that is more convenient for you. Do NOT invest unless you are 100% aware of the risks involved. |
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I promote them because I personally use them and have had no issues with them so far. In exactly 57 days I should get my investment back, reaching my ROI and make a nice profit.
Also, I have clearly stated risks of this investment so people can decide whether these risks are acceptable or not. I am not sugar coating anything, it is relatively risky but it is profitable.
Thank you for comment.
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April 1, 2014 trading results: BTC-arbs: +1.05% Bitcoin trader: +1.43% |
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Switch to X11 coins. Almost no heat and noise. Power consumption is cut into half.
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This weekend the spread between Bitstamp and BTC-e was $26 at one point. Really volatile market, really looks like as if somebody is influencing BTC supply and demand.
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March 31, 2014 trading results:
BTC arbs: +0.62%
Bitcoin trader: +0.88%
Since today is April 1, 2014, BTC arbs has been online for 2 months and Bitcoin trader has been operating for 5 months. For now, both of these services are operating without any issues. However, I still believe both of these are quite young and advise caution if you decide to invest. If you decide to get in, go slow and withdraw often.
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You put 2.6 BTC into something you considered to be unsafe? ?? WTF?? |
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The part regarding market analysis is correct, no issues there. The other part about that meeting with industry leaders, hm, that is at best a very bad marketing effort. Please, they are not Microsoft, now I am even more cautious.
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Yup, this is exactly what I have been saying all the time. Investing 10 BTC at this point is not a smart move, investing 0.3 is an acceptable risk level. Also, withdraw often.
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You do realise that this is a HYIP/Ponzi right? There is no way that 1+% each day is remotely sustainable or viable - your simply being fooled. My advice is to withdraw your BTC ASAP or at least don't promote a scam. Arbitrage is fine my concern is your not the one skin it or in control your simply taking their word with no proof. Either way don't come complaining when they run away with your money.
I have heard that comment already here. Yet, there is no single evidence of them being scam and they operate about 5 months, personally using them for 2. I made 2 withdrawals so far and everything was fine. Regarding your comment, there is no way to reach 1%, this is not true. If you include smaller exchanges, the difference in price can be up to 3% on some occasions. Factor in daily price volatility where BTC trading bots can get you a lot of money simply by buying and selling BTC. Also, there ve been days where their result was negative. Having said this, I have clearly stated in my posts the risks of this and any other Bitcoin related investment. Let me refresh your memory, Mtgox - RISKY, buying cloud hashing - RISKY, bitcoin gambling - RISKY, bitcoin securities - RISKY, bitcoin exchanges and trading - RISKY, bitcoin arbitrage - RISKY. So please, this is still young service, only time will tell how honest they are, invest small amount, $40 if you like and withdraw often until you reach ROI. Thank you for your advice. |
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Do you actually have control over the trades?
Nope. In the case of BTC-arbs, you get a short trading reports, summarizing trade and general market conditions from the previous day. Bitcoin trader does not provide this but they provide cloud hashing service in addition to trading so you can earn both by trading and mining. |
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Does anyone have setting for Sapphire Dual X 7970. I use sgminer but getting ONLY hw errors.
Here is my current config:
setx GPU_USE_SYNC_OBJECTS 1
setx GPU_MAX_ALLOC_PERCENT 100
sgminer -o stratum+tcp://hiro.suprnova.cc:3313 -u username -p password -k darkcoin --thread-concurrency 8192 -I 13 -g 2 -w 256 --lookup-gap 2 --no-submit-stale --auto-fan --temp-target 72 --temp-cutoff 95
clock is 1040/1730
This same clock I use for my scrypt.
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The main problem was how to move BTC and/or fiat between different exchanges and the fact that in order to reduce the arbitrage risk to a minimum one needs to be able to buy BTC on an exchange with low price while selling the same amount of BTC on another exchange with high price AT THE SAME TIME.
The second part of your posts is really not an issue, especially lately. Due to recent China related events, there is a lot of volatility creating a lot of arbitrage opportunities. The first part of your post, how to move fiat between exchanges in an issue. Unless you have lots of liquidity. |
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March 28, 2014 results:
BTC-arbs: +1.36%
Bitcoin trader: +0.52%
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