Is BTCPOP a scam?

[quietbearcoin]

Been doing some research, and it seems that the owner (Lee Bartholomew) is taking out huge loan on his own site. 

This worries me that he could just shutdown and walk away with lots of bitcoin.  Is the owner just running an very elaborate scam, and is it worth investing in?

Please give me your opinions.

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[crazyivan]

Can u share some proof about this pls?

[IanQuinn]

Looking into what was stated, I think it was wrong stating loans.

The owner has Mayhem Live (MHL) on shares, and trying to sell BTC350, also has two others AVD and POP which when you click on IPO just go back to the dashboard.  This behavior does seem a little dishonest by not revealing how many shares are out standing.

 

[GreenBits]

If diligence is impossible, it's usually because something is being hidden.

Also, BTCPop? Sounds like a delicious confection, not a cogent investment.

[jacee]

Been doing some research, and it seems that the owner (Lee Bartholomew) is taking out huge loan on his own site. 

This worries me that he could just shutdown and walk away with lots of bitcoin.  Is the owner just running an very elaborate scam, and is it worth investing in?

Please give me your opinions.

There is always a possibility of risk in any platform here online. I mean, what can you expect from people here on the internet? The web is a playground for dishonest people. Anyway, I have not encountered any problem in btcpop but with what you have said, If I were an investor in there, I will see that shady because of what the owner is doing and for sure I'll be hesitant to put my money in there.

[IanQuinn]

There are many that can not withdraw funds the past several days.  They stated the hot wallet was drained.

[Slow death]

I do not hear anything wrong with this site apart from the fact that your domain expires this year

December 05, 2016

[IanQuinn]

From BTCPOP Chat

phreakish: 2016-05-29 10:33:01

if my depost doesnt hit here in the next 5 hours I think im gonna have to try and re-broadcast it cause it shouldnt take 24 hours for it to get even 1 confirmation

How come this site has so many issues with deposit and withdrawals

[crazyivan]

I ve used them for about 6 months. No issues at all so far. If anyone else experience issues, pls report back here.

[RocketSingh]

I ve used them for about 6 months. No issues at all so far. If anyone else experience issues, pls report back here.

Is BTCPOP something like Havelock Investments? Never heard of them before...

[IanQuinn]

OK, I been monitoring BTCPOP for the last five days, since crazyivan last post.

BTCPOP are having constant withdrawal problems, and today's posts:

"i am depositing a little so hopefully that will help with some withdrawlas" by MRBONG411

and

"wd's are proccessed from incomming deposits... the manual refills of hot wallet are missing but its sunday..." by casimir1904 (who claims to own 13%+ of BTCPOP)

Why do other members need to deposit so someone else can withdraw?
  Is this because they are doing what Full Tilt Poker did, and use members monies for their own personal use.

Going to quote another member..

BTCPOP is a site that has transactions happening all the time, why do they not have full time support.  Why does the owner of this site treat it like a job?  If you are a owner of a site, you do everything you can, all the time.  You lose sleep, hair, and your life to bring this child (site) to maturity, not a 9 to 5 job.

Having issues over the weekend is absolutely no way to run a company, unless you don't give a sh*t about it, and just trying to scam people out of their money.  IMHO, Lee Bartholomew is untrustworthy with these continuous problems (let alone our Bitcoin), and now am questioning the motives of casimir1904 as he always support Mr. Bartholomew.

Seriously, look at chat yourselves for a day or two, you will see all the issues that are not being address in a timely matter.

[h3rlihy]

POP is rough around the edges and experiencing growing pains due to significantly outclassing other p2p bitcoin lending platforms. But not a scam. I live relatively close to where they are based in the UK and have been down there, met the owner and checked it all out. I would suggest any investors just maybe 'come back later' though when it's smoothed out

[)(avoc]

OK, I been monitoring BTCPOP for the last five days, since crazyivan last post.

BTCPOP are having constant withdrawal problems, and today's posts:

"i am depositing a little so hopefully that will help with some withdrawlas" by MRBONG411

and

"wd's are proccessed from incomming deposits... the manual refills of hot wallet are missing but its sunday..." by casimir1904 (who claims to own 13%+ of BTCPOP)

Why do other members need to deposit so someone else can withdraw?
  Is this because they are doing what Full Tilt Poker did, and use members monies for their own personal use.

Going to quote another member..

BTCPOP is a site that has transactions happening all the time, why do they not have full time support.  Why does the owner of this site treat it like a job?  If you are a owner of a site, you do everything you can, all the time.  You lose sleep, hair, and your life to bring this child (site) to maturity, not a 9 to 5 job.

Having issues over the weekend is absolutely no way to run a company, unless you don't give a sh*t about it, and just trying to scam people out of their money.  IMHO, Lee Bartholomew is untrustworthy with these continuous problems (let alone our Bitcoin), and now am questioning the motives of casimir1904 as he always support Mr. Bartholomew.

Seriously, look at chat yourselves for a day or two, you will see all the issues that are not being address in a timely matter.

pop has near on 20 thousand members, yet your basing your opinion an a few people you see in chat?
yes there are issues, but pop wasn't ready for the numbers of members, who are refugees from other peer to peer platforms new policies.
should really cut them some slack, they never had a prob in the past before the influx.

[ALATAY2K16]

the place is great, ruff round the edges but far from a scam

[beaknuke]

The withdraw / deposit system is a hot-wallet.. when it runs out they sort it out during UK working times

[FFI2013]

all I no is their customer service SUCKS, they keep sending me emails about the 10% savings crap so I say WTF id give it a try so I send .1 BTC from my polo wallet and guess what its there on the blockchain but not credited to my account so I wait all day still nothing so I contact support they ask what account savings, lending I said lending but wanted in savings but anyway wait no response so I check the BTC address again well now they moved the BTC so they cant say O we didnt know it was there so I contact support again with the screen shot showing my BTC was moved why havent I been credited yet, so now I here the bullshit about being a small company bla bla now its been 4 days not including the weekend that makes 6 so today I login to check my account now mysteriously the BTC address thats been under my account is gone I now have no address no BTC and not F IN email from their support and u no I was actually going to deposit more if all was good I have never a problem with any other support anywhere so its looking real scammy to me and i have the screen shots so they can try to blow smoke up my ass and like I said from polo to them

[FFI2013]

OK, I been monitoring BTCPOP for the last five days, since crazyivan last post.

BTCPOP are having constant withdrawal problems, and today's posts:

"i am depositing a little so hopefully that will help with some withdrawlas" by MRBONG411

and

"wd's are proccessed from incomming deposits... the manual refills of hot wallet are missing but its sunday..." by casimir1904 (who claims to own 13%+ of BTCPOP)

Why do other members need to deposit so someone else can withdraw?
  Is this because they are doing what Full Tilt Poker did, and use members monies for their own personal use.

Going to quote another member..

BTCPOP is a site that has transactions happening all the time, why do they not have full time support.  Why does the owner of this site treat it like a job?  If you are a owner of a site, you do everything you can, all the time.  You lose sleep, hair, and your life to bring this child (site) to maturity, not a 9 to 5 job.

Having issues over the weekend is absolutely no way to run a company, unless you don't give a sh*t about it, and just trying to scam people out of their money.  IMHO, Lee Bartholomew is untrustworthy with these continuous problems (let alone our Bitcoin), and now am questioning the motives of casimir1904 as he always support Mr. Bartholomew.

Seriously, look at chat yourselves for a day or two, you will see all the issues that are not being address in a timely matter.

I here you I own a company if I treated my clients like this me and my family would be living in a box it explains why my deposit was never credit to my account but moved from the address I sent it to and after I contacted support they erased that address from my account its been 6 days , and all I hear is we are a small company we dont work weekends I have screen shots of that address under my account along with the shots of the deposit and them moving it I think this company is a joke and their customer service sucks I got a better response time out of cryptsy so what does that say

[nanselmo]

yes this site is a total scam.  They bought ardeva from coinsortium owner illegally . Because coinsortium owes 100's in btc to account holders.  How can you buy an asset from a failed exchange ardeva a verifying website from a btc exchange that failed using ardeva to verify owners?? Ardeva failed once already. there is almost no recourse on investing here dont do it.  They charge .25 btc to open an ipo that is a breeding ground for scam companies to pop up.   Btc pop top asset is ardeva and it already has failed it is useless. Try to get money from someone that takes it with ardeva verification . It has not happened yet.    Casmir is now the owner of btcpop he got it from bartholmew.  As for the laons being backed by collateral, go check loans that are backed an what they are backed by.... crummy stcok at btc pop.  So do you get the  scam yet???   Open ipo and buy shares of other companies other company owners will buy each others shares  then put up those shares for collateral on more loans to buy more stock.   Stay away.

[crazyivan]

all I no is their customer service SUCKS, they keep sending me emails about the 10% savings crap so I say WTF id give it a try so I send .1 BTC from my polo wallet and guess what its there on the blockchain but not credited to my account so I wait all day still nothing so I contact support they ask what account savings, lending I said lending but wanted in savings but anyway wait no response so I check the BTC address again well now they moved the BTC so they cant say O we didnt know it was there so I contact support again with the screen shot showing my BTC was moved why havent I been credited yet, so now I here the bullshit about being a small company bla bla now its been 4 days not including the weekend that makes 6 so today I login to check my account now mysteriously the BTC address thats been under my account is gone I now have no address no BTC and not F IN email from their support and u no I was actually going to deposit more if all was good I have never a problem with any other support anywhere so its looking real scammy to me and i have the screen shots so they can try to blow smoke up my ass and like I said from polo to them

+1 to this. Been trying to get some info from their customer support for a week. No success at all. Stay away from this service until they get a grip.

[Locopro]

BTCPOP became scam? cant entrer since yesterday? I saw it coming too much server movement and changes lately