bitcoin-trader.biz

[ranlo]

This is a long post. Can you please tl;dr it for us? How is this relevant to the discussion, is the big thing to answer.

I guess that this goes to show people how hard it would be if the opperator of the sceme tries to run away with the founds. If even all legal procedures are run flawlessly it's still almost imposible to have a full refound and It'll take years. But that probably does not apply for a ponzi operating with crypto currencies. There is no law in existance to protect you if you put your bitcoin in there! It's a risk not worth taking.

Again, "don't risk more than you can afford to lose." You can invest in Exxon today and them crash and lose all your money. Legitimate company? Yes. Can you still lose? Yes. Do you have recourse? No.

[nrd525]

This is a long post. Can you please tl;dr it for us? How is this relevant to the discussion, is the big thing to answer.

This is the summary.
People and corporations that benefited from the Madoff ponzi, got sued by Ivring Picard (trustee in charge of funds recovery) to recover money.  He could end up suing half of the estimated 2000 investors.  The current suits are for more than $10 billion.
http://en.wikipedia.org/wiki/Recovery_of_funds_from_the_Madoff_investment_scandal

What it means is that any Bitcoin Trader investor who has earned back their investment may get sued and forced to return the funds.

The same laws that protect you against US dollar ponzis also protect you against crypto-currency ones.  The SEC prosecutes both.

So investors are betting on two things
1) that they pull out before it collapses
2) that the SEC won't prosecute and force them to return their gains

[ranlo]

This is a long post. Can you please tl;dr it for us? How is this relevant to the discussion, is the big thing to answer.

This is the summary.
People and corporations that benefited from the Madoff ponzi, got sued by Ivring Picard (trustee in charge of funds recovery) to recover money.  He could end up suing half of the estimated 2000 investors.  The current suits are for more than $10 billion.
http://en.wikipedia.org/wiki/Recovery_of_funds_from_the_Madoff_investment_scandal

What it means is that any Bitcoin Trader investor who has earned back their investment may get sued and forced to return the funds.

The same laws that protect you against US dollar ponzis also protect you against crypto-currency ones.  The SEC prosecutes both.

So investors are betting on two things
1) that they pull out before it collapses
2) that the SEC won't prosecute and force them to return their gains

Were people aware that they were taking part in the ponzi, though?

In this case, the way the site works seems legitimate. People calling it a ponzi because it brings profit doesn't make it one.

[pleiotropik]

"This is my first post on this forum, but I figured I'd share my experience for what it's worth. I invested $100 in February in trading shares. My 120-day period has expired, (...)"

Earliest February expiration would be first of june 2014...  So you wrote this letter from the future to tell us all is good? 

Tip: if you click on the "View" tab of your microsoft calculator it has a handy app called "date calculation".

[johny08]

-bitcoin trust and investment fund was a scam.
-madoff was known as a magician of money.

bitcoin-trader cant be said. if someone is saying opposite please have some evidences. I see all the bla and bla here. just invest no more as you can lose anywhere.

-try to meet michael brandenburg
-analyse the extern audit and review their numbers

EDIT:
more news and no public discussions, which really sucks because of anonymous trolls, haters and dummies, as you can see at that thread, are to find here:

https://www.facebook.com/groups/629441250471567/

On 7th mai amd on 8th mai there was a interesting discussion without any barriers, just civilised.

You can join over my signature I give you the half of the provision back.

[ngiesbrecht]

Take a look at the account of the person above me. His first and last post are in the same thread. (this one) It's so obvious accounts are created just to promote this. I feel sorry for bumpin this thread even with this reply. This scam is so cheap. It doesn't deserve anyone's attention.

I thought I was pretty clear that I'm not promoting this. I simply stated the facts as I see them. I'm not ruling out the possibility that it may turn out to be a Ponzi scheme, I'm simply saying I've seen absolutely zero evidence to suggest to me that it is. I haven't seen anything to indicate that they're making payouts with new investors money. I haven't seen anything to suggest that they can't be making 1% a day on arbitrage trading. But I'm all ears if you have anything like that to share. But just because Bernie Madoff ran a Ponzi scheme does not mean that every investment with good returns is a Ponzi scheme.

[vipgelsi]

Requested my first cash out and it worked within 20 minutes.

[crypto977]

Bitcoin Trader is a trade name of Bitcoin Trader Holding Inc., incorporated in the Republic of Panama.

Go to
https://www.registro-publico.gob.pa


opsssss...the company is not registered anywhere

[mailmansDOG]

Bitcoin Trader is a trade name of Bitcoin Trader Holding Inc., incorporated in the Republic of Panama.

Go to
https://www.registro-publico.gob.pa

opsssss...the company is not registered anywhere

#REKT

[ranlo]

I'd like to hear about the registration... BT, can you provide a more direct link to your registration?

[alani123]

I'd like to hear about the registration... BT, can you provide a more direct link to your registration?

They provided a fake registration number because they're a ghost company.

This is just candy for the eyes to get more people to enter their sceme before they disappear with your money.

[proximator]

So what is the conclusion ? 

[gaurand]

I'm curious about whether the people, who seem to have made it their sole purpose in life to tear down Bitcoin Trader, are making more money to do so than the people who happily invest here?

How about you reveal all of your personal details (real name, address, facebook profile, email address, etc.) to us, so we can completely vet you, and determine if you're for real!

Bitcoin Trader isn't the only bitcoin business that consistently receives this kind of persistent attack.

Why the fuck do you even care if I loose my money here or not?

Would you like to follow me around all day and tell me where I should spend my money and what I should eat? Why don't you just get a fucking job with the government, and then you can effectively assert your control over every aspect of our lives.

Why not get a job with the IRS, then you can be as useless to the world as humanly possible.

[sunny1]

I'm curious about whether the people, who seem to have made it their sole purpose in life to tear down Bitcoin Trader, are making more money to do so than the people who happily invest here?

How about you reveal all of your personal details (real name, address, facebook profile, email address, etc.) to us, so we can completely vet you, and determine if you're for real!

Bitcoin Trader isn't the only bitcoin business that consistently receives this kind of persistent attack.

Why the fuck do you even care if I loose my money here or not?

Would you like to follow me around all day and tell me where I should spend my money and what I should eat? Why don't you just get a fucking job with the government, and then you can effectively assert your control over every aspect of our lives.

Why not get a job with the IRS, then you can be as useless to the world as humanly possible.

Bravo gaurand, +++ post. The Panama registry is even outdated. I check three large businesses I randomly found on the internet for their registration details, and I got the same result!

[Moedas :D igitais]

WOW, this thread is really getting better and better. I'm in!

Such hate, much worries. Never saw something taking so much attention from the community!
There are countless scams on the BTC world, everyday new ponzis, promissing 200% return, "companies" without an address, without a phone number... still, "money" pours in... why? GREED...GREED IS GOOD, well, at least for some...

I don't really get the meaning of this thread, but surely it is quite entertaining! One day this might become a best-seller.
One thing is for sure, at some point there will be lots of " I TOLD YOU SO", question is... who will say it? The believers or the non-believers?

Until there, why don't you guys make yourselves a favour and post only intresting things regarding BT?
Seems rather strange all the work "these scam artists" are putting through (and money they spend) to run away with the funds. I'm sure of the nearly 4000 customers they have already, they should have what? 10.000 USD, 100,000 USD? maybe half a mil?

If they started in late 2013, that's about 6 months, they should have enough to live in some exotic place, no? Look at LEANCY, SODISFUND, these bad boys made a run before 6 months with a few thousand. Still, nobody really bothered "warning" the people about these HYIP, PONZI. LEANCY had over 4000 members on FB, and no one "warn" them. Why? We will never know... Still BT is taking such attention that I bet the Queen of England will intervene soon... 

[Keyser Soze]

There will always be people defending such schemes until they shut down. Look back at Pirate (for example), there were plenty of die-hards that defended him until he shut down and didn't pay out. Maybe these people just want to help perpetuate the fraud or maybe these people are really just that naive.

As long as people are greedy and fall for scams, the scams will continue to exist.

In this case, much like other similar "investments", a simple question is "If they can make as much as they say, why do they need our money?" If they are really that good, why wouldn't they fund their own operation and keep the profits for themselves?

Why the fuck do you even care if I loose my money here or not?

Some people do not like seeing others fall for an apparent scam or they do not want to see the operators to become unjustly enriched.

[msarro]

There will always be people defending such schemes until they shut down. Look back at Pirate (for example), there were plenty of die-hards that defended him until he shut down and didn't pay out. Maybe these people just want to help perpetuate the fraud or maybe these people are really just that naive.

As long as people are greedy and fall for scams, the scams will continue to exist.

In this case, much like other similar "investments", a simple question is "If they can make as much as they say, why do they need our money?" If they are really that good, why wouldn't they fund their own operation and keep the profits for themselves?

Why the fuck do you even care if I loose my money here or not?

Some people do not like seeing others fall for an apparent scam or they do not want to see the operators to become unjustly enriched.

Because making a large profit off of arbitrage requires both liquidity (provided by the exchanges) and a large amount of capital (provided by either the business or investors), and they may not have that much to invest on their own. With other people investing, they make significantly more profit. If you have 1$ to buy gold on one exchange, to resell for 2$ on another exchange, that's great. But you still only make a dollar. Now, if you had 1 dollar and 99 other people to invest 1$, suddenly you've made 200$ off the trade, and you share out the profit to the investors, plus a cut for yourself because you took the time to find the arbitrage opportunity and perform the trades for the investors.

I am not convinced one way or the other, but from a pure business perspective what they're doing does seem viable. If I had the capital myself I could easily make 1% on arbitrage every day, but it requires you to keep both USD and BTC in large amounts on several exchanges so you can react to new opportunities without waiting for cash to transfer everywhere.

[sunny1]

In this case, much like other similar "investments", a simple question is "If they can make as much as they say, why do they need our money?" If they are really that good, why wouldn't they fund their own operation and keep the profits for themselves?

Simple question back to you: Why are there investment banks, mutual trusts, hedge funds etc. that are offering their services to the public???

[Grinder]

I'm curious about whether the people, who seem to have made it their sole purpose in life to tear down Bitcoin Trader, are making more money to do so than the people who happily invest here?

Probably not as curious as I am about how many accounts you've made to defend your scheme. We're probably using a lot less time exposing your scam than you are creating and defending it.

[alani123]

oh
 well... I can't Stanford all this speculation i this thread. Its so
obvious new accounts are created with the sole purpose of promoting
this. The evidence that this is a hip is laying right in front of your
eyes people. Whoever falls for this, to me his losses will be well
deserved. This is my last warning about this. I can't stand the
stupidity ogre some people here.