bitcoin-trader.biz

[leancuisine]

I invested three months ago, with a $260 investment, and I have already withdrawn close to $120 worth. Not bad if the site would still be running in a few months.

Was your investment in the trade sharing or the mining?

Trade sharing. The mining shares would get lower rates, plus for the trading shares you get your initial investment back I believe.

Edit: I just noticed I used the word 'investment'. More like a gamble to be honest.

[ranlo]

I invested three months ago, with a $260 investment, and I have already withdrawn close to $120 worth. Not bad if the site would still be running in a few months.

Was your investment in the trade sharing or the mining?

Trade sharing. The mining shares would get lower rates, plus for the trading shares you get your initial investment back I believe.

Edit: I just noticed I used the word 'investment'. More like a gamble to be honest.

I don't remember seeing anything about returning the principal at the end. As far as I understand it's just 120 days of earnings, and that's the end (and you hope you get back 100%+).

Am I missing something?

[leancuisine]

I invested three months ago, with a $260 investment, and I have already withdrawn close to $120 worth. Not bad if the site would still be running in a few months.

Was your investment in the trade sharing or the mining?

Trade sharing. The mining shares would get lower rates, plus for the trading shares you get your initial investment back I believe.

Edit: I just noticed I used the word 'investment'. More like a gamble to be honest.

I don't remember seeing anything about returning the principal at the end. As far as I understand it's just 120 days of earnings, and that's the end (and you hope you get back 100%+).

Am I missing something?

I must have mistaken it for something else then.

Share repurchase: Yes, after expiration of term

From: https://bitcoin-trader.biz/opportunities.php

[PilotofBTC]

I invested three months ago, with a $260 investment, and I have already withdrawn close to $120 worth. Not bad if the site would still be running in a few months.

Was your investment in the trade sharing or the mining?

Trade sharing. The mining shares would get lower rates, plus for the trading shares you get your initial investment back I believe.

Edit: I just noticed I used the word 'investment'. More like a gamble to be honest.

I don't remember seeing anything about returning the principal at the end. As far as I understand it's just 120 days of earnings, and that's the end (and you hope you get back 100%+).

Am I missing something?

Yes.

[ranlo]

I invested three months ago, with a $260 investment, and I have already withdrawn close to $120 worth. Not bad if the site would still be running in a few months.

Was your investment in the trade sharing or the mining?

Trade sharing. The mining shares would get lower rates, plus for the trading shares you get your initial investment back I believe.

Edit: I just noticed I used the word 'investment'. More like a gamble to be honest.

I don't remember seeing anything about returning the principal at the end. As far as I understand it's just 120 days of earnings, and that's the end (and you hope you get back 100%+).

Am I missing something?

I must have mistaken it for something else then.

Share repurchase: Yes, after expiration of term

From: https://bitcoin-trader.biz/opportunities.php

Ah, I wasn't aware of that. I was looking at the pages that talk about each share type. You're right! So that makes it basically 365% APR at today's rate.

[Killerloop]

Somebody should start a bitbet or arrange an escrowed bet.  I'm guessing this will be gone in 2-8 months. It's hard to predict the demise of a ponzi, but the greater the rate of the return - the shorter it lasts.

2 seems harsh, they would have stopped deposits already since minimum contract duration is 120 days.

Ah, I wasn't aware of that. I was looking at the pages that talk about each share type. You're right! So that makes it basically 365% APR at today's rate.

365% APR is too much, remember they do not trade in weekends and UK holidays. I have made a projection on a Excel file where I compound interest for the first 120 days and then cashout earnings for 120 more until the last share expires.

Result: 297%. Performance varies based on investment (should I say "bet"? ) size since you can only compound 20$ "slices".

[ranlo]

Somebody should start a bitbet or arrange an escrowed bet.  I'm guessing this will be gone in 2-8 months. It's hard to predict the demise of a ponzi, but the greater the rate of the return - the shorter it lasts.

2 seems harsh, they would have stopped deposits already since minimum contract duration is 120 days.

Ah, I wasn't aware of that. I was looking at the pages that talk about each share type. You're right! So that makes it basically 365% APR at today's rate.

365% APR is too much, remember they do not trade in weekends and UK holidays. I have made a projection on a Excel file where I compound interest for the first 120 days and then cashout earnings for 120 more until the last share expires.

Result: 297%. Performance varies based on investment (should I say "bet"? ) size since you can only compound 20$ "slices".

Very true. I wasn't thinking about the weekends as well. Did you also base it on the actual numbers (which seem to fluctuate)? In any case, that's MASSIVE interest.

[Killerloop]

Very true. I wasn't thinking about the weekends as well. Did you also base it on the actual numbers (which seem to fluctuate)? In any case, that's MASSIVE interest.

It is declining and will decline more and more as market stabilizes, eventually they will quit or switch to something different. Their public relations man (Michael Brandenburg) pointed out that they are purchasing Scrypt miners to revalue mining shares that have negative returns as of today.

[ranlo]

Very true. I wasn't thinking about the weekends as well. Did you also base it on the actual numbers (which seem to fluctuate)? In any case, that's MASSIVE interest.

It is declining and will decline more and more as market stabilizes, eventually they will quit or switch to something different. Their public relations man (Michael Brandenburg) pointed out that they are purchasing Scrypt miners to revalue mining shares that have negative returns as of today.

Oh, that's awesome. I think that doing other types of trading may be better as well. If you hit an altcoin at the right time you can easily make 30%+ in an hour. It's more risky but it can pay off with enough thought and research.

[Grinder]

2 seems harsh, they would have stopped deposits already since minimum contract duration is 120 days.

No, of course they wouldn't.

[Grinder]

It is declining and will decline more and more as market stabilizes, eventually they will quit or switch to something different. Their public relations man (Michael Brandenburg) pointed out that they are purchasing Scrypt miners to revalue mining shares that have negative returns as of today.

Just as I said they would claim to do. These people are just so nice. Why can't cex.io be more like them, and give more mining power for free to everyone who has bought mining contracts that are no longer profitable?

[Killerloop]

Just as I said they would claim to do. These people are just so nice. Why can't cex.io be more like them, and give more mining power for free to everyone who has bought mining contracts that are no longer profitable?

Where did I (or they) say it would be free? I just pointed out to you that NO one buys their mining shares anymore as earnings are too low. So they either dismiss the mining service or they invest to raise the daily earnings to an acceptable level.

Let's assume for a moment that they are legit and not seasoned criminals, what would you do in their shoes to get more sales of Mining Share?

[Grinder]

Let's assume for a moment that they are legit and not seasoned criminals, what would you do in their shoes to get more sales of Mining Share?

If they were legit they would have known how to do it from the start. I see no reason to help them stop making the mistakes that exposes them.

[Killerloop]

If they were legit they would have known how to do it from the start. I see no reason to help them stop making the mistakes that exposes them.

This makes even less sense than your previous statements.
Just say you have a gut feeling against them and be done with it, it is perfectly fine and understandable given the environment.

[Grinder]

This makes even less sense than your previous statements.
Just say you have a gut feeling against them and be done with it, it is perfectly fine and understandable given the environment.

No need for feelings, they are doing too many things that only makes sense if they're a ponzi. Your "due dilligence" can be nothing more than a gut feeling though, because there are no independently verifiable facts to indicate that they are a legitimate business.

[Killerloop]

No need for feelings, they are doing too many things that only makes sense if they're a ponzi. Your "due dilligence" can be nothing more than a gut feeling though, because there are no independently verifiable facts to indicate that they are a legitimate business.

And even if they were there is no way to know if they will eventually repay. Legitimate business can fail to repay their creditors too.
Believe what you wish, this is getting boresome.

[Grinder]

And even if they were there is no way to know if they will eventually repay. Legitimate business can fail to repay their creditors too.

The difference is, in a ponzi the only business plan they have is to not repay the creditors.

[Killerloop]

The difference is, in a ponzi the only business plan they have is to not repay the creditors.

If this is your belief then stay well away from this. If you know similar services which aren't ponzi schemes I am all ears.

[alani123]

Some people here don't even know what a ponzi actually is. I'm going to put it simply to avoid stupid arguments, Ponzi scemes do not generate real profit; You are paid with the money of other people.

If you want to call what you're doing an investment you should better put your money in a well established company that has rock solid proof to be generating real profit rather than a shady website that appeared out of nowhere and is advertised as a hyip.

And I don't want to get off topic here but the fact that pyramid scemes attract so much interest from newbie members of this forum angers me. I didn't come here to give investment advice either, but if some of you would be interested I could create a new thread with a list of Investments I've tried and had a good experience with.

[Killerloop]

If you want to call what you're doing an investment you should better put your money in a well established company that has rock solid proof to be generating real profit rather than a shady website that appeared out of nowhere and is advertised as a hyip.

It is a bet. Nothing more, nothing less.
I am betting that either they aren't a Ponzi or that I can pull out in time after my 120 days are expired. Both work fine for me.

It is not an investment for everyone! What I am debating here is that the field is so loaded with scammers that people are being paranoid to the point of ignorance.
Also it is a shadow "company", not a website. They are registered, albeit in a "shady" country: Panama. They have given away their identities (may be false of course), their strategy (which works ON PAPER) and are funding Bitcoin Related avenues like Bitcoin 2014 Amsterdam.

Is this enough? NO, nothing will ever be enough to justify such high yields short of seeing them personally do their craft.

And I don't want to get off topic here but the fact that pyramid scemes attract so much interest from newbie members of this forum angers me. I didn't come here to give investment advice either, but if some of you would be interested I could create a new thread with a list of Investments I've tried and had a good experience with.

Go ahead! Experience is always valuable both to newbies and experts