Buying Bitcoins from bitvestmint.com

[FFrankie]

I think that it is funny that they accept paypal, but you have to wait 180 days so I am going to assume that they would not give you your coins and you could not file a claim.


EDIT:

 1) On the closest of the first or third Thursday of the month 180 days after Closing, the Company shall deliver to the Purchaser an amount of bitcoins equal to 1/18th of the purchase amount, and 2) each month for an additional seventeen months, the Company shall repay an additional 1/18th of the purchase amount, until the entire purchase amount has been repaid in the form of bitcoins


Wow. So it would take 2 years to get one bitcoin from them

[arwin100]

I think the best site to buy bitcoins is in local bitcoins  you can assure that you wouldnt be scam, and it has good feedback tp the user who buys bitcoin there, i suggest that dont buy bitcoins in unknown site and take extra precaution many scammers do different strategies to scam people.

[pureclckr]

Are they selling cheap coins ?

[cryptoheadd]

Why don't you simply buy Bitcoins from a trustworthy exchange?
It would be much safer & easier for you.

[james.lent]

Are they selling cheap coins ?

No they are not. Seems to be more of a scammy investment scheme.

[ripplehd]

if the website has a contact us page ask them about buying bitcoins from there and maybe you can find out if it is a 100% scam or not. If it is then just report the site so it gets taken down or go to scamadvisor and post details and a review about the site.

[FFrankie]

if the website has a contact us page ask them about buying bitcoins from there and maybe you can find out if it is a 100% scam or not. If it is then just report the site so it gets taken down or go to scamadvisor and post details and a review about the site.

Well they have an office, I am going to have to my cousin go check it out.

[pokerdv8s]

Wow, seems you guys are pretty down on this company and me.

I don't know how to reply to individual posts on this blog, so i'm replying en-masse.

I am not a complete newbie here, i just have never posted, only read stuff here, I may have another user name that i forgot too, because i thought i made comments a few times about a year & half ago.
 
PPl. asked why not buy from exchanges or local bitcoins.. For me, i'm buying to hold for years, at least 2 maybe 10-20 or for my retirement. So 20% discount is big to me since im not a short term trader.

and I'm not stupid either, I've called the company read about them on reddit and checked out the who is and verified that their corp. was in good standing with State too. I read their press releases from bitvest inc about their mining going back to 2014. 

Plus i used my Amex and if something happens i can get refund. plus i only bought one coin.

one of u asked why they're offering discount, they use the proceeds to buy more mining computers. Makes sense to me, they get 2 years to pay in full, 6 months no payments with 18 payments monthly, payments from the miners producing bitcoins all along. Anyway i'm not trying to convince anyone here to buy anything i was just asking if anyone knew them..

I'm emailing them a link to this blog, i think they're the ones that should be talking to u guys from here..

[pokerdv8s]

2.5 years actually

bitvestmint is url owned by bitvest llc

"And their domain is only one and half years old then how they are in this business for over 2 years ?
Seems to be the account of that site"

WHOIS search results for:
BITVESTINC.COM
(Registered)
   
Is this your domain?
   
Add hosting, email and more.
   
Want to buy this domain?
   
Get it with our Domain Buy service.
Domain Name: bitvestinc.com
Registry Domain ID: 1844740617_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.register.com
Registrar URL: http://www.register.com
Updated Date: 2014-01-29T22:53:30Z
Creation Date: 2014-01-29T22:53:30Z
Registrar Registration Expiration Date: 2017-01-29T22:53:30Z
Registrar: Register.com, Inc.
Registrar IANA ID: 9
Registrar Abuse Contact Email: abuse@web.com
Registrar Abuse Contact Phone: +1.8773812449
Reseller:
Domain Status: clientTransferProhibited http://icann.org/epp#clientTransferProhibited
Registry Registrant ID:
Registrant Name: Devin Hahn
Registrant Organization:
Registrant Street: 1820 nw 103rd ave
Registrant City: plantation
Registrant State/Province: FL
Registrant Postal Code: 33322
Registrant Country: US

[bittraffic]

!!! WARNING: This user is a newbie. If you are expecting a message from a more veteran member, then this is an imposter !!!
I don't appreciate your accusatory tone.

I came here to ask a lil advice, i'm not selling anything or asking for money.

I'm not the one to defending this company, but i feel i have to defend myself as someone who bought from them just to prove i'm not stupid.

if i lose $350 its not gonna break me anỳway, i think they're legit and i made a decision, u can think whatever you want..

My statement is just a hunch so I didn't accused you of anything, at least not yet. what i said and i quote:

Well, I won't be surprise if OP owns the site. just my hunch!

I'm sorry though. whether its yours or not this thread will still appear to warn users not to trust new sites.
Funny because you've been in bitciontalk.org for 2 years and never learned how users react to new sites that seem to be scammy and yet you still bought from them?

[biggbox]

I will strongly recommend that you stick to localbitcoins.com, or your country specific's reputable Bitcoin trading platform. The deferred delivery model used by bitvestmint doesn't make sense. Why should it be done that way?

[pokerdv8s]

For me it works cause I have no plans on selling for at least a couple years. & a $90 discount per coin is a lot, so it doesn't matter that i don't get to hold them in my wallet for the 1st. 6 months.

[pokerdv8s]

from bittraffic said-
"Funny because you've been in bitciontalk.org for 2 years and never learned how users react to new sites that seem to be scammy and yet you still bought from them?"

Yes but only looking at bitcoin to learn about them and the potential for them to go up in value way back when they were supposed to be going to the moon.

I've been using Coinbase for years. I never contemplated buying elsewhere and frankly speaking this site is really hard to use it makes u  wait like 360 seconds here before posting, 60 more for searching, jeez its as if they don't want ppl to use it.

[amacar2]

For me it works cause I have no plans on selling for at least a couple years. & a $90 discount per coin is a lot, so it doesn't matter that i don't get to hold them in my wallet for the 1st. 6 months.

You are newbie without any previous trust record and you are trying to lure members to buy bitcoin from the site which is just poped up. I beleive you have been paid either to promote and give fake review about this site or you are the one who opened this site. 90$ discount per coin is purely a scam man.

[CoinSiteDesigner]

Are they selling cheap coins ?

Not exactly coins, but like the lays chips sell you air, this website sells Time, A Waste of Time (Like in James Bond 007 - Bond, James Bond).

You pay them and wait forever for them to send you coins. Still you won't get your bitcoins even when the aliens visit us. 

[Haswell]

Actually the price per bitcoin is only $361 after applying 20% discount off spot price.
And I checked out their parent company www.bitvestinc.com they've been in business 2.5 yrs mining and I found old PR's on Coindesk about them too.
They seem legit or i wouldn't be going this far to check em out.

$361? If it seems too good to be true, it probably is.

[HarryKPeters]

Actually the price per bitcoin is only $361 after applying 20% discount off spot price.
And I checked out their parent company www.bitvestinc.com they've been in business 2.5 yrs mining and I found old PR's on Coindesk about them too.
They seem legit or i wouldn't be going this far to check em out.

$361? If it seems too good to be true, it probably is.

Investors alert. If something is too good to be true, it probably is. Just wait a few months and letter others be a guinea pig for you. If it's worth it you can wait right. Why put your money at risk when it's so insecure?

[OROBTC]

Actually the price per bitcoin is only $361 after applying 20% discount off spot price.
And I checked out their parent company www.bitvestinc.com they've been in business 2.5 yrs mining and I found old PR's on Coindesk about them too.
They seem legit or i wouldn't be going this far to check em out.

$361? If it seems too good to be true, it probably is.

Investors alert. If something is too good to be true, it probably is. Just wait a few months and letter others be a guinea pig for you. If it's worth it you can wait right. Why put your money at risk when it's so insecure?

Yep.  Almost always something that appears to be too good usually is a scam.  This applies not only to Bitcoin, but to almost anything you can think of.

"There is no such thing as a free lunch."

*   *   *

Also, yes to letting fairly senior members pass along reviews of services. 

[pokerdv8s]

From orobtc, -

"Yep.  Almost always something that appears to be too good usually is a scam.  This applies not only to Bitcoin, but to almost anything you can think of."

"There is no such thing as a free lunch."

That's what you seem to not understand, it's not to good to be true. It's a fair exchange. They take the $ now and buy miners, they get 6 months to mine before paying anything.

Then they pay you back over 18 payments, getting a full 2 years with the money to mine with. For them its cheap money in essence a loan with no payments for 6 months and they pay with the proceeds from the miners they bought with my money.

From my point of view, since I intended all along to buy bitcoins now and hold them for at least 2 years (probably (5-10 really), then I get to buy at the 20% discounted price and still get all my coins long before i had planned to sell them anyway.

The big question is, will they be around long enough to honor my entire payout.

That's the gamble, and I won't know for sure until 6 months from now and further even to 2 years down the road.

So if you're going to comment on this at least do some research as to what the deal they are offering really is.

The too good to be true line does not fit this offer, neither does free lunch quote...

[pokerdv8s]

This site is frustrating, how do u reply directly to the post that you want to?? and how do you get the post to appear on the post without copy pasting?? Arghhh lol