Bitcoin Duplicator, scam or legit? Any experience?

[giletto]

I changed the title already. But i am still not sure it's scam or not. Thanks for your opinion.

[nanonano]

i am still not sure it's scam or not.

Yeah,  I don't see why a reasonable 40618% yearly profit would be a scam either. Guys, you need to open your minds to this wonderful investment opportunity!

[Light]

I changed the title already. But i am still not sure it's scam or not. Thanks for your opinion.

I would bet you my life savings that this is a scam. I would not invest a single cent into this scheme that is entirely designed to steal your coins. Just ignore it, your only going to lose money.

[giletto]

i am still not sure it's scam or not.

Yeah,  I don't see why a reasonable 40618% yearly profit would be a scam either. Guys, you need to open your minds to this wonderful investment opportunity!

1.66% x 365 is 40618%? I am impressed about your calculation skills.  

If you want trolling around, use a calculator better. It's per year 605.9%

[nanonano]

i am still not sure it's scam or not.

Yeah,  I don't see why a reasonable 40618% yearly profit would be a scam either. Guys, you need to open your minds to this wonderful investment opportunity!

1.66% x 365 is 40618%? I am impressed about your calculation skills.  

If you want trolling around, use a calculator better. It's per year 605.9%

Dude... this is elementary compound interest math.

If you invest one unit for a year with 1.66% daily interest you will have 1.0166^365 = 407.18 units in the end. That's 40718% of your original investment.

Now of course you don't _need_ to keep the interest in the pot, but why wouldn't you when you've found the gold mine

[zalzane]

http://en.wikipedia.org/wiki/Charles_Ponzi

Charles Ponzi promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the United States as a form of arbitrage.[2][3] In reality, Ponzi was paying early investors using the investments of later investors. This type of scheme is now known as a "Ponzi scheme". His scheme ran for over a year before it collapsed, costing his "investors" $20 million.

[nanonano]

Dude... this is elementary compound interest math.

Just to make the point really clear: They claim have a guaranteed way to make at least 1.66% profit a day on invested bitcoins. The question is Why would they tell anyone else about it when they could just invest 1 bitcoin of their own money and own all the bitcoins in existence in under three years?

giletto, does that seem like a reasonable business proposition to you?

[giletto]

You can ask this question every Miner factory and miner farms. WHY they would not invest alone, instead of sale shares or sale machines?

So in your fact, they all are scammer?

[Light]

You can ask this question every Miner factory and miner farms. WHY they would not invest alone, instead of sale shares or sale machines?

So in your fact, they all are scammer?

Some do invest alone, but none of them claim ridiculous things like having 100% of the hashing power of the Bitcoin network. This site is a clear scam, it is unviable/unprofitable for the admin's if it were legitimate and most definitely is not designed as a charity so the only category it falls into is a scam. If you lack the common sense, I suggest you invest all your coins right till the time the site closes and lose it all, that way you'll at least learn a moral lesson worth more than the coins you lost.

[nanonano]

You can ask this question every Miner factory and miner farms. WHY they would not invest alone, instead of sale shares or sale machines?

So in your fact, they all are scammer?

Wow,  you're confused. Legit businesses take external investors for two reasons: 1. They need more starting money than they can get from a bank.  2. They want to spread the risk to other people. Your favorite scammers are saying they don't need an initial investment and there's no risk to spread.

Why are we talking about other businesses, btw?  Why are we not talking about the fantastic 40000% profit and the awesome possibility of owning all bitcoins in three years?  Or is there a problem with my math again?

[giletto]

They say you got in 60 day your Bitcoin double, just count 100/60=1.66% per day, without compound interest as you count!

Nobody talk about, that you got 40708% per year or that you got compount interest on the daily interest, maximum you got 100% in 2 month, as you can READ. If you not take your investment or the interest out after 2 month, then you got per year on your initial investment maximum 3100%, and not 40708%

As you say, this is elementary compound interest math and elementary reading skills.

[nanonano]

They say you got in 60 day your Bitcoin double, just count 100/60=1.66% per day, without compound interest as you count!

Let me quote from the scammer website: "This site allows you to invest your bitcoins in a fixed-term bitcoin deposit account and earn a stable 1.66% daily on your deposits". Maybe they don't actually mean what they say (what a shocker!) but that's very clear language that has only one meaning.

But hey, I don't mind moving the goalposts: Let's do the math with 100% interest in two months instead. Invest a single bitcoin now and keep the interest invested. How long until you own all bitcoins in existence?

...4 years.

I think I've spent long enough in this thread. If the above still seems like an honest offer to you, go ahead and invest.

[giletto]

Let me quote from the scammer website: "This site allows you to invest your bitcoins in a fixed-term bitcoin deposit account and earn a stable 1.66% daily on your deposits".

Cmon, quote the full sentence: "bcDuplicator (aka, Bitcoin Duplicator) is a Bitcoin-based fixed-term saving account service promising to duplicate yout BTC deposit within 60 days by paying you a stable 1.66% daily! 100% guaranteed or your investment back!"

Which mean exactly what i say, in 2 month 100%, maybe not well-worded, but understandable, at least. And how you expect the ownership of all BTC worldwide? With how much start investment?

And who say the website would still pay over 4 year the same amount? They could change the terms within the next 3 or 6 month, after got enough investor.

I mean, don't get me wrong. It's obviously really a scam. But you should not overact, and, at least, be honest with explaination.

[cp1]

It's a scam.  If they could make that much money they would just do it themselves and retire.

[oldtimegin]

bcDuplicator pays a reasonable 1.66% daily on your deposits which are invested in our custom-built mining facility in Israel[/u].

This + OPs math skills have me LOLing good.

[giletto]

And that you can't read make all the other ppl loling about you. 

[nanonano]

Cmon, quote the full sentence

I did, it's an exact copy-paste of a full sentence from the front page of the site.

[giletto]

Cmon, quote the full sentence

I did, it's an exact copy-paste of a full sentence from the front page of the site.

"bcDuplicator (aka, Bitcoin Duplicator) is a Bitcoin-based fixed-term saving account service promising to duplicate yout BTC deposit within 60 days by paying you a stable 1.66% daily! 100% guaranteed or your investment back!"You forgot the last, not unimportend part.

But anyway, you may right, it's obviously a scam.

[nanonano]

"bcDuplicator (aka, Bitcoin Duplicator) is a Bitcoin-based fixed-term saving account service promising to duplicate yout BTC deposit within 60 days by paying you a stable 1.66% daily! 100% guaranteed or your investment back!"You forgot the last, not unimportend part.

The sentence I quoted is in the next paragraph.

But anyway, you may right, it's obviously a scam.

Agreed. Ridiculous returns or a "100% money back guarantee" is a sure sign. These guys have both.

[BurtW]

I hope no one put too much into it.