bitcoin-trader.biz

[trips3456]

even though they are  do something with the web site and I haven't cashed any money out yet I must say they keep you informed and they do what they say.Now I don't have a ton of money with them but I actually like what I see so and yes I know its early in the game but the seem very fourth right and I like that how do you guys feel

[suklee]

Got paid out, but my mining share only gave me 0.80% when it should be 0.90%. Anyone have mining shares? https://twitter.com/btc_trader/status/435404574036226049

[trips3456]

Yes same thing happened to me ill email them their systems are a mess

[trips3456]

email sent

[suklee]

I sent in a support ticket as well.

[trips3456]

its not the end of the world but still I only have like 200 in each pool I was goona by more in the trading pool but not sure

[sunny1]

Just received message from support:

We apologize for our mistake. We needed to interrupt the automatic process of crediting earnings yesterday for maintenance purposes. Once this was done our developer run a script to credit earnings manually and used a wrong value.

We will correct this issue and add an additional 0.1% to the earnings posted later today, February 20th.

[Darxtar]

Got credited yday 12hours after the expected time and today at the usual time. Everything seems to be back to normal.

I looked for John Carley and Michael Brandenburg in the Bitcoin Foundation page and they are not there.

https://members.bitcoinfoundation.org/current

Does anyone know what their friendship with the Bitcoin foundation mean?

Not much info can be extracted from the website regarding the company location and the owner:
http://iwebchk.com/reports/view/bitcoin-trader.biz

[trips3456]

Im ok with everything so far they do what they say they seem pretty transparent

[suklee]

Im ok with everything so far they do what they say they seem pretty transparent

Ditto, so far so good.

And true to their word, I got credited with an extra 0.1% today from my mining share.

[ahmedjadoon]

This site got many positive reviews! Lets say what happens

[Kroenen]

Have a couple of btc invested with them, will put in another 11 once they clear coinbase. So far so good, payouts have been on time, if not there was normally an announcement, have cashed out every couple of days.

It might certainly turn out to be a scam, with something like gox it is hard not to eye everything very critically. However they at least took the time to have a very well executed website, and if it is a scam it looks like they plan on it being a long running scam. I do appreciate that they don't seem to dodge any questions asked of them.

[trips3456]

I have like 1 btc waiting to clear on wed I may send it over to add to what I have but not sure If I do it I'm putting it in the trading pool cause I want the investment back

[Aahzman]

yeah, I'm cautiously optimistic that we won't all get goxed up the ass. 

[danen]

You guys are not worried that they lost some funds/coins on gox? Seems a little bit suspicious that they started campaign for new users shortly after gox stopped withdrawals. This is what worries me:

Bitcoin Trader has removed Mt. Gox as reference exchange rate for BTC/USD deposits and withdrawals. We are very concerned about the current situation and have ceased trading on Mt. Gox as well.

So they used gox for trading, which means that any cash and/or coins they had there are gone. Gox stopped 7/2, and a few days later, we have this: http://www.cryptocoinsnews.com/2014/02/12/bitcoin-trader-biz-let-bitcoin-trader-earn-money/
Sponsored article, means they need new members. Don't get me wrong here, I myself am considering investing in this, just want to share some thoughts.

[Aahzman]

Valid concerns, danen.  The ongoing mtGox situation is one reason i've been conservative with my investment at bitcoin-trader.biz   I didn't go "out of pocket" with fiat on this, and proceeded after long discussion with my friend who'd already invested.  As with any investment opportunity (and I don't necessarily consider this a High Yield program), potential investors need to do their own homework and due diligence, and then proceed if they think the potential reward outweighs the potential risk.

bitcoin-trader.biz is doing a lot of things very well. Transparent and communicative staff/management, clean/functional, well-designed website, Easy cashout process to multiple processors, it's all looking very good from a user/investor standpoint. 

I think what's giving people a cause for concern (besides the gox thang) is the MLM/referrals/affiliate thing. Seems as soon as you incorporate some sort of MLM/referral scheme into your business model, people immediately scream "PONZI!!!!!" and the fearmongering starts.

Anyhow, I'm-a stick to it and see what happens in a little over 3 months when it's time to have my trading pool investment returned... In the meantime, just keep on keepin' on. :-)

[pleiotropik]

I like the site and the looks and the prompt replies etc. Still got into it with the same state of mind i have when buying lottery tickets: if my number doesn't come up a winner i do not curse the gods or the company...  Confidence is built over time... come next year we'll know.   ...That said, an average 255% yearly profit is something even Goldman Sucks and JP Mordor can't even dream about. We'll see. 

[Darxtar]

Same here. I'm wondering what Mt.Gox's influence will be on the daily profit.
So far it's rather good because the price has been extremely fluctuating yielding to 1.2+% daily profit, but I'm wondering how they're going to compensate for the frozen (stolen?) money they had in this exchange...
I think that well executed arbitrage trading on an emerging (so fluctuating) market such as Bitcoin is highly profitable (supposing the exchange does not lose $350M -_-). When the market will be less volatile and stabilize, we will for sure earn less because the price difference between exchanges will be much less.

My strategy is different, I am buying as many shares as I can with the daily generated profit in order to have a compounding effect. When my shares will expire I will cashout the money I invested and only will use the money earned by the profits. Following this I am planning to daily cashout half of the earnings, and reinvest the other half to compound further. Doing this is a bit more risky than cashing out everyday (because for 4months you are basically not earning anything), but yields more money with the compounding effect.

[Aahzman]

That's a well-thought-out long-term plan, Darxtar. Keep us posted on how it plays out!

[Darxtar]

Thanks. Although I wouldn't really call it long term, but rather middle term.
The aim is to generate as much money while withdrawing my original cash asap. Past that stage, whatever I will lose will just be seen as a missed opportunity, not real damage.
Since they have their Prosper 2014 campaign, the chances of being scammed within the next 4months are weak (but not NULL).
We'll see how it goes. I'm following the news carefully anyway and staying alert. I keep you guys posted.