BlissfullyIgnorant
Newbie
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Activity: 5
Merit: 0
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January 21, 2016, 06:43:48 AM |
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I think they had a trading loss at some point before the December 45% off sale. They're profit margin was very tight, so a loss of 22% would have basically made them have to work for free or at a loss. They had the sale to raise money to trade their way out of the loss. When the sales went so well, they likely decided that a bigger "New Year Mines" sale would put them over the top and give them the funds to easily trade back all of the losses.
They may have been on the wrong side of the market again when BTC began to dump on 1/11. That is when payments stopped getting executed. They may have lost more than 22% due to the possible 2nd loss. At that point they had to divert all available fund to their trading account. They could not spare any funds for customer withdrawals. They knew that they could not afford for customers to continue accruing BTC while they were trying to rebuild what was lost. They came up with the "government froze our accounts/servers" story. When people started to question, it made them nervous. They chose to post the liberty reserve site seizure image to try to back up the story of the government shut down. When EcuaMobi figured out that it was a ruse and posted the info, they shut everything down including the forum thread.
They may come back or may not. I have a strong feeling that they will come back. Part of why I think that is because of their 1.5 year history and the fact that Sector continued to post updates to us in the thread. If it was a complete scam, why not just disappear? Why try to save his reputation? He is basically anonymous, so why tell the elaborate story about the servers, hosting, and government seizure to buy time? I think they lied to us about what happened, but they are trying to fix the problems. We'll have to wait and see what happens...
I like what you've put together here. It's positive, and gives some hope. Perhaps you are right, perhaps they just needed some breathing room, so they faked a shut down in order to stop investment earnings until they sorted their funding. I hope you are right. I would forgive them this, even if they lied. As long as they started back up again some time in the near future and continued as they left off. After all, we all need a time out once in a while when things get on top of us, so I would gladly grant them this in order to recover. Fingers-crossed! And well thought out on your part!  |
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SmartIphone
Legendary
Offline
Activity: 1204
Merit: 1000
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January 21, 2016, 06:53:21 AM |
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It was known that at the end the site will collapse, i don't know why he locked the topic if he says that they can't change the servers and be back again.
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rezilient
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January 21, 2016, 10:04:44 AM |
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It was known that at the end the site will collapse, i don't know why he locked the topic if he says that they can't change the servers and be back again.
He even paid the signature participants lol |
You don't pay enough.
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james.lent
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January 21, 2016, 10:10:07 AM |
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It was known that at the end the site will collapse, i don't know why he locked the topic if he says that they can't change the servers and be back again.
He even paid the signature participants lol With investors money, so technically, you guys paid for it. |
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Steve_Tou (OP)
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January 21, 2016, 10:14:07 AM |
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It was known that at the end the site will collapse, i don't know why he locked the topic if he says that they can't change the servers and be back again.
He even paid the signature participants lol With investors money, so technically, you guys paid for it. Ya.. and he is at least half a millionaire now, (or millionaire already depend on currencies, scammed over 1k btc) he can easily afford. |
A scam will be a scam.
It won't sustain in long run, cause they can't make $ for you at all, they don't have any business model or investment plans to make money grows.
All they did is use other people's $ to pay other users, so those who earned $ is just from other victims... in short a vicious cycle.
People KNEW, but they just dump their $ in hoping for a miracle.
Maybe I have to give another example for people who can't understand.
It's like- Going down to dirty sewers looking for fresh air.
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masyari
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January 21, 2016, 10:17:23 AM |
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sector doesnt online in 4 days  i think he gone  |
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Steve_Tou (OP)
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January 21, 2016, 10:23:25 AM |
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sector doesnt online in 4 days i think he gone It's ok, I believe many of his believers are waiting patiently for his return and news. It's only 4 days... they probably give him another 1 to 2 weeks for new update. |
A scam will be a scam.
It won't sustain in long run, cause they can't make $ for you at all, they don't have any business model or investment plans to make money grows.
All they did is use other people's $ to pay other users, so those who earned $ is just from other victims... in short a vicious cycle.
People KNEW, but they just dump their $ in hoping for a miracle.
Maybe I have to give another example for people who can't understand.
It's like- Going down to dirty sewers looking for fresh air.
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rezilient
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January 21, 2016, 12:14:58 PM |
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It was known that at the end the site will collapse, i don't know why he locked the topic if he says that they can't change the servers and be back again.
He even paid the signature participants lol With investors money, so technically, you guys paid for it. Sorry but i wasn't part of this ponzi and i've stop using ponzi sites coz i end up getting burned. |
You don't pay enough.
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partysaurus
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January 21, 2016, 01:27:12 PM |
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maybe the number of investors ticker was fake and the real number of acounts was way lower ? i dont know agree that its way to litle ruckus for this big scam
Those stats don't lie though. http://www.alexa.com/siteinfo/ore-mine.orgoh ok thanks then i dont know why its so quiet about this alot of people then lost alot of money , and its been running for 2 years. its very wierd. |
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Lutzow
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January 21, 2016, 01:39:27 PM |
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I think they had a trading loss at some point before the December 45% off sale. They're profit margin was very tight, so a loss of 22% would have basically made them have to work for free or at a loss. They had the sale to raise money to trade their way out of the loss. When the sales went so well, they likely decided that a bigger "New Year Mines" sale would put them over the top and give them the funds to easily trade back all of the losses.
They may have been on the wrong side of the market again when BTC began to dump on 1/11. That is when payments stopped getting executed. They may have lost more than 22% due to the possible 2nd loss. At that point they had to divert all available fund to their trading account. They could not spare any funds for customer withdrawals. They knew that they could not afford for customers to continue accruing BTC while they were trying to rebuild what was lost. They came up with the "government froze our accounts/servers" story. When people started to question, it made them nervous. They chose to post the liberty reserve site seizure image to try to back up the story of the government shut down. When EcuaMobi figured out that it was a ruse and posted the info, they shut everything down including the forum thread.
They may come back or may not. I have a strong feeling that they will come back. Part of why I think that is because of their 1.5 year history and the fact that Sector continued to post updates to us in the thread. If it was a complete scam, why not just disappear? Why try to save his reputation? He is basically anonymous, so why tell the elaborate story about the servers, hosting, and government seizure to buy time? I think they lied to us about what happened, but they are trying to fix the problems. We'll have to wait and see what happens...
I like what you've put together here. It's positive, and gives some hope. Perhaps you are right, perhaps they just needed some breathing room, so they faked a shut down in order to stop investment earnings until they sorted their funding. I hope you are right. I would forgive them this, even if they lied. As long as they started back up again some time in the near future and continued as they left off. After all, we all need a time out once in a while when things get on top of us, so I would gladly grant them this in order to recover. Fingers-crossed! And well thought out on your part! Well thought of, I give you that. I think once they go back online, most people will withdraw what's left in their balance. They would think that "This is our chance to withdraw". So even if they have good intention they might lost most of their btcs due to mass withdrawal so I think if ever what you're thinking is true and that they'll come back in the near future, they need to explain things out properly to everyone to avoid the huge withdrawal volumes. They could explain then suspend withdrawal for a few days until or probably allow only a certain number of withdrawals per day. If they can pull off their comeback properly, they could gain some loyal customers. |
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Depredation
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January 21, 2016, 03:13:29 PM |
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I think they had a trading loss at some point before the December 45% off sale. They're profit margin was very tight, so a loss of 22% would have basically made them have to work for free or at a loss. They had the sale to raise money to trade their way out of the loss. When the sales went so well, they likely decided that a bigger "New Year Mines" sale would put them over the top and give them the funds to easily trade back all of the losses.
They may have been on the wrong side of the market again when BTC began to dump on 1/11. That is when payments stopped getting executed. They may have lost more than 22% due to the possible 2nd loss. At that point they had to divert all available fund to their trading account. They could not spare any funds for customer withdrawals. They knew that they could not afford for customers to continue accruing BTC while they were trying to rebuild what was lost. They came up with the "government froze our accounts/servers" story. When people started to question, it made them nervous. They chose to post the liberty reserve site seizure image to try to back up the story of the government shut down. When EcuaMobi figured out that it was a ruse and posted the info, they shut everything down including the forum thread.
They may come back or may not. I have a strong feeling that they will come back. Part of why I think that is because of their 1.5 year history and the fact that Sector continued to post updates to us in the thread. If it was a complete scam, why not just disappear? Why try to save his reputation? He is basically anonymous, so why tell the elaborate story about the servers, hosting, and government seizure to buy time? I think they lied to us about what happened, but they are trying to fix the problems. We'll have to wait and see what happens...
I like what you've put together here. It's positive, and gives some hope. Perhaps you are right, perhaps they just needed some breathing room, so they faked a shut down in order to stop investment earnings until they sorted their funding. I hope you are right. I would forgive them this, even if they lied. As long as they started back up again some time in the near future and continued as they left off. After all, we all need a time out once in a while when things get on top of us, so I would gladly grant them this in order to recover. Fingers-crossed! And well thought out on your part! Well thought of, I give you that. I think once they go back online, most people will withdraw what's left in their balance. They would think that "This is our chance to withdraw". So even if they have good intention they might lost most of their btcs due to mass withdrawal so I think if ever what you're thinking is true and that they'll come back in the near future, they need to explain things out properly to everyone to avoid the huge withdrawal volumes. They could explain then suspend withdrawal for a few days until or probably allow only a certain number of withdrawals per day. If they can pull off their comeback properly, they could gain some loyal customers. Well some people are definitely going to withdraw IF it does come back online lol |
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partysaurus
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January 22, 2016, 11:19:56 AM |
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to bad that justice666 guy kept on threatening sector so he had to lock the thread. was pretty intrested what sector had to say , i hope hes telling the truth and is working it out , guess only time will tell |
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Steve_Tou (OP)
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January 22, 2016, 11:53:19 AM |
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to bad that justice666 guy kept on threatening sector so he had to lock the thread. was pretty intrested what sector had to say , i hope hes telling the truth and is working it out , guess only time will tell It's strange, he stop posting anymore lol, I kinda expect him to rant more here lol.. oh well.. |
A scam will be a scam.
It won't sustain in long run, cause they can't make $ for you at all, they don't have any business model or investment plans to make money grows.
All they did is use other people's $ to pay other users, so those who earned $ is just from other victims... in short a vicious cycle.
People KNEW, but they just dump their $ in hoping for a miracle.
Maybe I have to give another example for people who can't understand.
It's like- Going down to dirty sewers looking for fresh air.
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james.lent
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January 22, 2016, 12:21:16 PM |
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to bad that justice666 guy kept on threatening sector so he had to lock the thread. was pretty intrested what sector had to say , i hope hes telling the truth and is working it out , guess only time will tell It's strange, he stop posting anymore lol, I kinda expect him to rant more here lol.. oh well.. Thats cause they're both the same person. Both sector and he. |
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msc_de
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January 22, 2016, 10:39:39 PM |
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ORE-MINE.ORG
SON OF BITCH
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onlinedragon
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January 22, 2016, 11:05:03 PM |
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to bad that justice666 guy kept on threatening sector so he had to lock the thread. was pretty intrested what sector had to say , i hope hes telling the truth and is working it out , guess only time will tell It's strange, he stop posting anymore lol, I kinda expect him to rant more here lol.. oh well.. Thats cause they're both the same person. Both sector and he. When you fake a seizure of your website then you already know he never come back. You only fake with the intention to run away. |
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masyari
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January 22, 2016, 11:10:25 PM |
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its engineering, tricking, real scam |
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Depredation
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January 23, 2016, 02:30:25 AM |
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I want to believe he will come back Domain expires in 2019 so... |
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james.lent
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January 23, 2016, 02:32:26 AM |
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I want to believe he will come back Domain expires in 2019 so... Sadly he wont.. so time to move on buddy |
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jaysabi
Legendary
Offline
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
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January 23, 2016, 03:46:02 AM |
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What's so hard to understand about this? The only way the site generates money is from people buying mines. That means, the only way your mine can pay you back is if someone buys a mine after you. Once the idiot pool runs dry, the website collapses and he runs with whatever money he has. He hasn't been hacked. His site hasn't been seized. You've been scammed.
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