bitcoin-trader.biz

[miri94]

to the guy with $40

the $100 thing makes more profit...

[lesnod11]

to the guy with $40

the $100 thing makes more profit...

By $100 thing, I'm assuming you mean mining and if so.... no thanks. I have my own mining equipment, and if I wanted to buy more ghs I would probably just add another card or two to my rig. That being said; mining is not getting easier and the income will decrease monthly, purchasing a mining contract is a good way to lose money in the long run.

[pleiotropik]

One angle not seen by many. When i bought 5 shares in february 13, they cost me 0.1412btc.  When i cashed out in expiry date june 13, i received 0.17724647;   0.17724647/0.1412=1.2549050076.   --- Besides the daily interest, my gain in BTC was 25.5%. My cashouts from those 5 shares were 0.1176  averaged 83% of initial investment measured in BTC.  Add  0.17724647+0.1176= 0.29484647;  measured in BTC my 120 day gain was 108.8% just considering the interest paid on capital, adding the arbitrage gain... turning 0.1412 into 0.2948 ain't scrubby at all.

----

This just to illustrate that since the company insists on tallying everything in USD, there are opportunities to arbitrage against them as it happened in the aforementioned case, using BTC as reference...

All of that, measured in today's  quote of 586usd/btc= $172.75usd. which is only 72% gain ... But i barely ever use dollars so i do not see this as a minus consideration since i fully expect BTC to thrive in the following 2 years.

[conspirosphere.tk]

One angle not seen by many. When i bought 5 shares in february 13, they cost me 0.1412btc.  When i cashed out in expiry date june 13, i received 0.17724647;   0.17724647/0.1412=1.2549050076.   --- Besides the daily interest, my gain in BTC was 25.5%.

Yes, the potential gain depends on how do you measure it (in USD or btc) and the btc price change during the 120 days. Since I entered at btc=800 and got repaid at btc=500 while getting paid interests in usd all the time i made out decently in terms of both, but I would have gained more pulling out btc at their price bottom instead than usd. So bitcoin-trader trading shares are a (risky) way to short btc against usd with a sort of leverage (more gain and risk). An apparently less risky way to do the same -but paying less- is to lend USD on bitfinex (which I am also doing).

[Grinder]

Bitcoin Trader is proudly sponsoring the Bitcoin Conference Chicago, taking place on the 19th and 20th of July.
After Bitcoin2014 and the CEBEX, this is the third major bitcoin event Bitcoin Trader is sponsoring.
It is important to support bitcoin events, to spread the word and to help to bring bitcoin into the mainstream.
http://btcchicago.com/

Judging from the response I got when I asked, they realize it's a ponzi but they just don't care.

[Acura360]

Bitcoin Trader is proudly sponsoring the Bitcoin Conference Chicago, taking place on the 19th and 20th of July.
After Bitcoin2014 and the CEBEX, this is the third major bitcoin event Bitcoin Trader is sponsoring.
It is important to support bitcoin events, to spread the word and to help to bring bitcoin into the mainstream.
http://btcchicago.com/

Judging from the response I got when I asked, they realize it's a ponzi but they just don't care.

we will see in the new months/years

[vipgelsi]

Bitcoin Trader is proudly sponsoring the Bitcoin Conference Chicago, taking place on the 19th and 20th of July.
After Bitcoin2014 and the CEBEX, this is the third major bitcoin event Bitcoin Trader is sponsoring.
It is important to support bitcoin events, to spread the word and to help to bring bitcoin into the mainstream.
http://btcchicago.com/

Judging from the response I got when I asked, they realize it's a ponzi but they just don't care.

Only Time will tell

[vach]

Guys today withdrawal option in bitcoin were removed. I couldnt withdraw anything as there were no option to withdraw in bitcoin.
Anyone else experiencing this?

UPDATE: its back. I dont know whats happening here but it seems these guys are up to something.

Regarding if they are a ponzi: btc-arbs admin was tracked down and now he cant be so sure about his and his family security, if someone else is risking to get into this position let them. It will be even easier to track down Bitcoin-trader.

[Mike18feb]

Regarding if they are a ponzi: btc-arbs admin was tracked down and now he cant be so sure about his and his family security, if someone else is risking to get into this position let them. It will be even easier to track down Bitcoin-trader.

Hmm... I wonder why so many startups are done anonymously 

[david123]

btc-arbs admin was tracked down and now he cant be so sure about his and his family security

You have a link for that?

[vach]

btc-arbs admin was tracked down and now he cant be so sure about his and his family security

You have a link for that?

Check out their forum thread https://bitcointalk.org/index.php?topic=474787.0
admin is now forced to refund all members, so if you anybody didnt know, you can now get your money back (but be patient this will take long),

also check this document so that everybody else can see progress of refunds https://docs.google.com/spreadsheets/d/1lSUi0_1bqe0sv5XI4EvXWPcWI7fwnJbFQY-kMsYxp10/edit#gid=1324696940

[vach]

Regarding if they are a ponzi: btc-arbs admin was tracked down and now he cant be so sure about his and his family security, if someone else is risking to get into this position let them. It will be even easier to track down Bitcoin-trader.

Hmm... I wonder why so many startups are done anonymously 

In my country some startups stay in shade as long as they can, because otherwhise goverment will milk them with their crazy taxes.
But stayin anonymous for customers is no relation to this.

[clownius]

to the guy with $40

the $100 thing makes more profit...

By $100 thing, I'm assuming you mean mining and if so.... no thanks. I have my own mining equipment, and if I wanted to buy more ghs I would probably just add another card or two to my rig. That being said; mining is not getting easier and the income will decrease monthly, purchasing a mining contract is a good way to lose money in the long run.

Also mining shares dont return principal.  No one in their right mind is buying them now.  Its an almost certain loss at this point and gets worse each time the dif goes up.

[pleiotropik]

to the guy with $40

the $100 thing makes more profit...

By $100 thing, I'm assuming you mean mining and if so.... no thanks. I have my own mining equipment, and if I wanted to buy more ghs I would probably just add another card or two to my rig. That being said; mining is not getting easier and the income will decrease monthly, purchasing a mining contract is a good way to lose money in the long run.

Also mining shares dont return principal.  No one in their right mind is buying them now.  Its an almost certain loss at this point and gets worse each time the dif goes up.

All mining enterprises that sell hashing power are a loss for the simple fact that difficulty increases are shaving the profit potential for everyone at a steep exponential rate.
Enterprises that get state of the art engines and are sited at low Energy cost places may make a profit.... even they are nervous. 20nm and 14nm chips are on the horizon. They will render the bulk of the mining rigs obsolete in 12 months...
i sincerely doubt anybody buying has from bitcoin trader (or anybody else) will be able to make a profit.

[danen]

Guys today withdrawal option in bitcoin were removed. I couldnt withdraw anything as there were no option to withdraw in bitcoin.
Anyone else experiencing this?

UPDATE: its back. I dont know whats happening here but it seems these guys are up to something.

Regarding if they are a ponzi: btc-arbs admin was tracked down and now he cant be so sure about his and his family security, if someone else is risking to get into this position let them. It will be even easier to track down Bitcoin-trader.

I did, but I think it's because of the timing. I was trying to cashout a minute or two before deadline which is 4PM GMT if you want the request to be processed on the same day. Maybe they disable new requests for a few minutes when they start processing existing ones. A few minutes later it was back and all went fine.

[Illutian]

Transaction ID: #7****
Completed: Jun 30th, 2014 @ 09:19 am
Amount: $100.00
Fees: $0.00
Net Amount: $100.00
Processor: Bitcoin
Processor Account: [removed because I'm paranoid]
Notes: Manual Cashout Request

Started it on Saturday around 10PM EST.

[cacahouette]

I made a withdrawal request on saturday and got it processed on monday in due time (within 1 business day). So far nothing to complain about. I have put 1.5k with them a couple of months ago and so far got 1.3k out and 500 "reinvested" so pretty close to breakeven.

[crazyivan]

I made a withdrawal request on saturday and got it processed on monday in due time (within 1 business day). So far nothing to complain about. I have put 1.5k with them a couple of months ago and so far got 1.3k out and 500 "reinvested" so pretty close to breakeven.

No! Dont mention that. You will be attacked and bashed by bunch of people on this thread. They ll tell you how stupid you are, how this is a scam, how they are going to steal your money. Oh, wait, you are about to break even right? )

[cacahouette]

haha thanks for your advice! well i may well be stupid and this may well be a scam, I am not arguing the opposite but just pointing out the fact that i've been able to withdraw without pb so far (that was just in response to the poster who announced issues in btc withdrawals)

[nrd525]

I made a withdrawal request on saturday and got it processed on monday in due time (within 1 business day). So far nothing to complain about. I have put 1.5k with them a couple of months ago and so far got 1.3k out and 500 "reinvested" so pretty close to breakeven.

Losing $700 or 45% of your original investment is close to breaking even?

$500 lost from reinvesting + $200 from original investment minus payments = $700 lost.