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sunny1
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February 28, 2014, 12:28:50 PM |
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Baseless discussion, I personally don't care about it. Next one will come here and say they shouldn't accept EgoPay, because it is accepted by hyips and finally Bitcoin, because it is also highly hyip related by now, since most hyips are accepting it.
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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cacahouette
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Activity: 45
Merit: 0
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March 01, 2014, 03:36:20 PM |
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At the % increase we're chugging along, Bit-trader.biz will own Planet earth in 2017; the solar system in 2019 (on a thursday, probably), and conquer Trantor by 2025. i'm staying for the ride all the way till i start seeing imperial stormtroopers, then i'll try to withdraw some funds.  what bitcoin-trader does not disclose is the capacity of their strategy. Any arbitrage strategy can work as long as you do not kill your own profitability with market impact. If they become too popular and get too much inflow they will either 1) hurt their profitability 2) close themselve to new in-flows the only reason i see why you would not trade on your own account from day one is because you have too little capital compared to your optim capacity. Therefore by accepting client money and splitting the profit you allow yourself to reach your optimal capacity faster but after that stage you should shut down like usually hedge funds do (see RenTech as extreme example of that) hope this helps! |
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sunny1
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March 01, 2014, 04:33:39 PM |
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I agree with cacahouette and Brandenburg mentioned to me that they have indeed limitations. They can only handle a certain limit of funds and once reached they will not allow further share purchases, until customers with expired shares will not repurchase and new position become available. This limits can also be raised with new exchanges entering the market, allowing a higher trading volume - but still there are limitations of course and I believe they are aware of this fact.
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Soak
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March 02, 2014, 05:52:20 AM
Last edit: March 02, 2014, 06:05:15 AM by Soak |
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What is the best trading shares/reinvestment/withdraw strategy do you think guys?
Cash out every day when the BTC price is < at the investment price, then reinvest later? And keep running when BTC price is > at the investment price? Or buy new shares each time the cash balance is > $20?
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cacahouette
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March 02, 2014, 04:37:49 PM |
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What is the best trading shares/reinvestment/withdraw strategy do you think guys?
Cash out every day when the BTC price is < at the investment price, then reinvest later? And keep running when BTC price is > at the investment price? Or buy new shares each time the cash balance is > $20?
You are mixing 2 different things here. BTCTrader is just a fund in USD. BTC is just used as one of the payment/withdrawals methods. Your investment decisions should really be based in USD currency not BTC currency Now how to invest depends on your risk profile * conditional on not being a scam you want to reinvest everything to maximize compounding effect: so just put optimal amount ($2000) and reinvest 1 share+ day. * if you think a certain probability of being a scam then you want to extract value asap in order to minimize your potential losses: then put whatever amount you are ready to loose and extract $ everyday hope this helps |
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Exivo
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March 04, 2014, 08:58:25 AM |
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I was thinking about investing on this service but through this thread I found the rererral to bitcoin-trade.biz which seems to be disappeared?!
Does anyone knows what had happened to this site?
Has anyone also made researches on bitcoin-trader.biz and found More sources than already mentioned in this thread?
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Darxtar
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March 04, 2014, 09:26:37 AM |
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Hi,
bitcoin-trader.biz and bitcoin-trade.biz are 2 different things.
Bitcoin-trade.biz is an Eastern European HYIP website which is very dodgy and on which nobody in this thread has invested.
It's currently offline at the moment, which confirms our thoughts of it being a scam.
On the other hand, bitcoin-trader.biz seems much more reliable.
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danen
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March 04, 2014, 12:55:26 PM |
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Guys, can somebody give an estimate on how long it takes for them to confirm BTC deposit? Transaction has 10+ confirmations, but I still don't see funds on the website.
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Darxtar
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Activity: 23
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March 04, 2014, 01:36:59 PM |
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Hi, did you enter the right amount?
Be careful, to enter the EXACT amount, and don't forget to take into account the transaction fee... So you should enter the [amount you send] - [the network transaction fee].
I usually deposit using BTC-e vouchers and didn't have any problem so far.
I deposited with BTC a few days ago and it went all fine.
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moriartypants
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March 04, 2014, 01:53:44 PM |
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In my experience, I've had funding take anywhere from an hour to 3 hours or so, but I've never had any problems.
I've always been careful to send the exact amount specified in the funding request though.
If you are having problems getting a funding request to work contact them, and please post back here to let us know how they handle it.
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Soak
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March 04, 2014, 04:05:35 PM |
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If you are having problems getting a funding request to work contact them, and please post back here to let us know how they handle it.
I've got a problem yesterday with a wrong amount because of the fee, which I sent in 2 times to get the correct amount, their answer: Hello [Myself]
Thank you for being with Bitcoin Trader!
Yes your funding was not credited automatically due to the blockchain fee. Our accounts department is checking all incoming Bitcoins to credit such funds. Your funding has been credited earlier today.
Please let us know if we can be of further assistance.
With best regards,
Bitcoin Trader Support And I've got credited, no problem so far. |
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moriartypants
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March 05, 2014, 02:11:50 PM |
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Anybody else notice they increased the GHZ per mining share at the beginning of the month as promised?
Although Daily profit is still down, I guess b/c of the conversion rate change? Any idea how they figure that conversion rate? (It does not appear to be simply the market price of bitcoins if you look at the history.)
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Darxtar
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March 05, 2014, 02:31:52 PM |
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Yeah I noticed, it's good news! The GH/s rate is also expected to increase to 10GH/s in April if I remember well.
It seems like the market price is updated at the beginning of each month only. The previous index was using the MtGox index. Now they have based their calculations using the Coindesk one.
Still no news about the meeting for the investors in London?
What have they replied to our concerns regarding the HYIP related reps. ?
Btw... danen, have you been credited?
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danen
Newbie
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Activity: 20
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March 05, 2014, 04:29:11 PM |
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Btw... danen, have you been credited?
Yep, everything went fine. Funds credited after some 15 confirmations. In reply to ticket they said that the engine can take some time to credit the funds, regardless of the number of confirmations. Also in addition to this, I can second what Soak said, as I ran into the same problem last night. Early this morning, they resolved the issue with the similar explanation. Looks good so far... |
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Darxtar
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March 05, 2014, 04:34:46 PM |
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Ok danen, glad to see everything has been sorted out =)
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Sharky444
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March 05, 2014, 06:52:07 PM |
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bitcoins cannot be deposited anymore: NULLBitcoin client error.
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sunny1
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March 05, 2014, 07:34:35 PM |
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bitcoins cannot be deposited anymore: NULLBitcoin client error.
I just deposited 1.837 BTC or $1,200 a few minutes ago. Worked fine for me. |
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sunny1
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March 05, 2014, 07:48:23 PM |
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Anybody else notice they increased the GHZ per mining share at the beginning of the month as promised?
Although Daily profit is still down, I guess b/c of the conversion rate change? Any idea how they figure that conversion rate? (It does not appear to be simply the market price of bitcoins if you look at the history.)
As they quoted on their mining page at https://bitcoin-trader.biz/mining.php : The conversion rate, or Dollar value of your earnings, are adjusted every month based on the average daily CoinBase Bitcoin Price Index (BPI) for the previous month. We are accepting various payment systems and exchanges are time consuming and in some cases need to be approved by the payment system's administration before they are processed. This solution gives us a more predictable and cost-effective way to manage our clients funds. |
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moriartypants
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March 05, 2014, 07:53:05 PM |
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Thanks, There's a lot more info on some of these pages than there used to be when I started using the site. Or at least, that's how I chose to remember it!  |
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Kroenen
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March 06, 2014, 03:22:38 AM |
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It is nice to see some other positive info flowing in. So far my experience has been really great with them. Their deposits and withdraws come in at the same time every day, and so far no drama, nothing out of the ordinary. I do feel more comfortable seeing that they limit funding at this time. Their profits don't seem to be anything out of the ordinary, and do closely correlate with the arbitrage opportunities that exist during the day.
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