I havent been on bitcointalk for ages as I forgot what a hostile enviroment it is. After one of my last threads here:
https://bitcointalk.org/index.php?topic=401614.0 this thread seems to have almost gone the same way where I was accused of been a scammer by someone who seems to have now left the forum because I offered a SEO service....
SCAM
I don't believe you. If you think it is a scam, then why are you recommending it to your friends?
Because you are obviously part of the scam and you don't really have any friends.
The main thing wrong here for me is your literacy skills. I was going to type long answer but I suggest you just reread my above post. I agree that it looks like a scam in every sense, well done for not picking up on that, but I thought I would try it out and I did, it worked for me and has worked for others I know but has also taken peoples coins and I stressed this in my post above.
I suspected it was a scam but when it worked for me I recommended it to friends to try with caution, for some it worked and for some it didn’t.
Either way your post is not really helpful because I wanted to discuss this site in more detail and not just have a load of people shouting "burn the witch" who didnt take in my original post.
Additionally you are calling me a scammer when I have made several good trades on this forum in the last few years….. your profile states:
-1: -1 / +1
Warning: Trade with extreme caution!
So it looks like you are far more of a scammer than I am, given the above profile feedback you wouldnt even seem to be a good scammer.......
I don't believe you. If you think it might be a scam, then why are you recommending it to your friends?
Maybe OP is the owner of the website and trying to promote it ? The website is scam indeed.Look the bottom logos,all ripped,all fake.
Yep and as I pointed out in my original post there is a lot more wrong with the site than the logos at the bottom, it states things like "Bitcoin Crypto Bank is legally certified to provide global Bitcoin investment platform." which is impossible, it also calls itself a bank which we know is not possible in a pure perspecitve.
I didnt really want to talk about the web design more about if it was a scam/how the scam worked/the science behind it and why some people were getting paid and others not.
As I am not pumping my affiliate link here the only way I could profit from this site would be if I was the owner of the site which seems a bit far fetched and if I was do you think I would write in my post that friends has lost money using it and support didnt exist?
Please think before you type as your flippent posts/comments can actually prevent intelligent discussion.
The thing with ponzi schemes like this most definitely is, is that they pay earlier investors (you) with later investors (your friends) money.
The compounding carrot is there to tempt earlier investors not to withdraw, so the scam lasts longer.
The actual reasons why one account will be paid and not another are internal, where the admin try to juggle payments to extend the scam's life. They tend to keep paying people who refer others because they know that they are a source of further new victims.
How does it feel to be a 4% pimp?
I am confident I will get back at least what I put in.
That's nice. What about your "friends"?
This is actually really interesting and something I hadnt thought about in this level of detail. I did take out some payments before recommending anyone else try it out so initially my account paid me prior to been flagged an "account to pay" or "high value account which might recommend others". The compounding incentive is also interesting as it makes sense.
The site had been online since Sept 2015 according to waybackmachine and a year in terms of this type of scam does seem like a long time to me unless they are really doing a good job with the creation of an illusion Id have thought there would be a lot more negative talk online if it was an outright scam. Maybe some people get paid, maybe some people deposit 0.01 and just laugh to themselves when they lose it because they cant get it back and they knew they were had but dont actually post anything online about it. I would have thought it would have been attacked by now if it was ripping people off.
The thing is, I can see how you could turn a 2.2% profit selling bitcoin overprice quite easily. Again Im not defending or attacking things here just discussing.
If it were a scam I would be really interested in how an account could be flagged as "one to pay" and perhaps trying to turn a profit myself via a few low value accounts all recommended to myself via myself perhaps using proxies or something...... but I am going to sit out the 70 days and see how I do this time around. This is exactly the kind of discussion I hoped would take place when I posted this thread.
No reason to trust them, they are just another ponzi that can shutdown overnight.
You seem to be here to promote this scam rather than to know community experience over site.
I know there is no reason to trust them, cloudflare and a few other things that they have done make it even harder to track them down and the biggest worry I have here is that they could just be gone tomorrow. I did try to log in one night to check on things and I was only able to get the cached page, at that point I thought my money was gone but the site did come back.
Im not promoting it at all - consider I didnt even link to them in the post at the top of the thread, I am not even giving them a backlink.
If I lose all I invested tomorrow and they got me then fair play to them, I sent them the money after realising how much was wrong with the site. I will be a little disappointed but Im not going to starve.
I found this site bitcoincryptobank[dot]com and had a read of it, everything about the site screamed scam to me, the terms used to describe the setup. The fact it was "certified" etc, take a look around the site, you will see what I mean in no time.
Double the above up with the remarkable returns offered and loads of alarm bells should be going off. I also had a question about something I later worked out for myself, however, I initially contacted support and did not get any reply.
Looking past the fact that it sells itself as a bank as I know someone will get really hung up on that term I figured I would try this out with a really small amount of coin and see what happened. I went in with 0.03 and set the investment to be paid daily and waited a couple of days, checked the account again and I had been paid as promised. I then decided to add a few more investments and made the total invested up to just over 2 btc most of it set to compounded.
Everything above seems to be going well for me, the compounded investments appear to be growing and the non-compounding ones are paying, I have made several withdrawals so I start to think this is a really great thing.
I know a few people who use bitcoin but I am not really active in the community and its really just a hobby for me, I am not going to be devastated if I lose 2 btc and I like high risk stuff. I could have used 0.01 and tested it out over 70 days but I wouldnt even have any interested in that level.
I recommended the site to a couple of people who are using btc and they also made investments, 3 different people, however, they made deposits of 1 btc, 0.5 btc and 2 btc. The guy who did 1 btc is happy with everything but the other 2 are not able to see their deposits and they cannot contact anyone for help as the support does not answer.
I also have an affiliate link which I gave to the 3 people who signed up, I can see i my affiliate panel that there were only 2 people who signed up on my link and only 1 of them deposited anything.
Has anyone used this site? Im really interested to get some educated thoughts on it as it seems to be working really well for me but not for others. I am confident I will get back at least what I put in.
Just stop promoting scam, keep your karma clean )
Im more interested in the ponzi analogy earlier and understanding how this works than promoting it. I guess I need to wait and see what happens when the compounded investments are supposed to mature, then I will know.
