bitcoin-trader.biz

[Killerloop]

Yeah, but what will you do if there is almost no depth on the market??? Actually the last three months were very much levelled with around 20% +/- 3% on average.

If there is no depth there will be no way to arbitrage and no positive interest. Negative ones may happen when they cannot close their long positions well.

[pleiotropik]

i was not complaining or coloring my statement with any value judgments; i was just  noting what the numbers are for the record.

As for me, whatever comes in the future, i'm already in black #'s so: Long live bitcoin-trader.biz   

[crazyivan]

i was not complaining or coloring my statement with any value judgments; i was just  noting what the numbers are for the record.

As for me, whatever comes in the future, i'm already in black #'s so: Long live bitcoin-trader.biz   

Great, welcome to the full ROI club.

[rammy2k2]

im thinking to jump into this one too

[sunny1]

Yeah, but what will you do if there is almost no depth on the market??? Actually the last three months were very much levelled with around 20% +/- 3% on average.

If there is no depth there will be no way to arbitrage and no positive interest. Negative ones may happen when they cannot close their long positions well.

Exactly, Killerloop. Thats why I am still happy with 17% or so per month.

[Grinder]

Grinder, you must be sure than that digitalbtc.com is a ponzi as well? Despite the fact that they are listed on the Australian Securities Exchange, they are claiming trading desk revenues with returns of 34% in May, up from 31% in April, about 10-15% more per month than Bitcoin Trader. "Banks don't make anywhere this much money in a predictable way."

The differences between DigitalBTC and Bitcoin-Trader are so large it's ridiculous. Did they more or less promise this revenue in advance, and can you get a part of it by just sending them money? Will it all be paid back in a predictable way as a dividend after a short time? The answers to all the questions are of course no. Their stock price have been very stable since the issuing of stocks, and the stock price is much higher than their balance sheet. They also have outstanding options which dilutes the potential value even more. Real stock markets, companies and profits just don't work the way those who believe in things like Bitcoin-Trader think they do.

Also, the price of bitcoins went from about $450 to about $620 in May, which turns out to 37.7%. You need to really mess up to not make money in those conditions. In their quarterly financial statements they don't tell what their trading desk (which they have renamed Liquidity Desk) have made at all.

[Illutian]

It's is ironic (believe I'm using it correctly).

We get into BTC because we want to avoid Government 'Red Tape'. Yet any service, whether it be retail or service, we are so skeptical of it. That the only way we'll be satisfied is if said business brandishes a Government seal (FDIC, FTC, Exchange Commission, or other Government-level consumer protection agency).

Admit it...you'd all love to see a BTC trading company fully certified by the US's SEC or the EU's equivalent.

[ranlo]

It's is ironic (believe I'm using it correctly).

We get into BTC because we want to avoid Government 'Red Tape'. Yet any service, whether it be retail or service, we are so skeptical of it. That the only way we'll be satisfied is if said business brandishes a Government seal (FDIC, FTC, Exchange Commission, or other Government-level consumer protection agency).

Admit it...you'd all love to see a BTC trading company fully certified by the US's SEC or the EU's equivalent.

We are skeptical because 9/10 of the businesses/opportunities are scams. The availability of a pseudo-anonymous payment system without chargebacks and with minimal interference has brought out the worst in people. Everyone views it as a scam-and-get-rich-quick scheme. It's pretty sad what it's becoming.

[rammy2k2]

no news with docs i supose ?

[crazyivan]

no news with docs i supose ?

FB page says today.

[rammy2k2]

no news with docs i supose ?

FB page says today.

they said the same for yesterday too

[vipgelsi]

http://bitpages.co/content/car.html

They are giving away a car?

[rammy2k2]

Ok, here are the latest news :

Here are the promised updates:

Registration Panama: Our appointed lawyer contacted the registrar and found out that there are unanswered questions regarding our activities. The registrar contacted our former agent a couple of times without reply and put everything on hold. We expect this issue to be finally sorted within the coming week.

Proof of Solvency: Our accounting firm is currently getting acquainted with bitcoin, the blockchain etc., which is of course a requisite to audit our assets and liabilities. We have scheduled another conversation with them on Thursday next week to discuss final questions, but they’ve confirmed that the Proof of Solvency can be done sometimes in August. One of the requirements is, that the day of the audit must be a non-trading day, they work strictly on business days only. They cannot audit our bitcoin assets properly, if they are floating around among multiple exchanges, so we need to sacrifice a trading day to perform the audit. In addition the cost of the audit, since it was not part of our business plan, will be deducted from the earnings, but it will be stretched over a couple of days, so it shouldn’t impact your earnings a lot.

What do u guys think ? Is just another way to buy more time ?

[Rannasha]

Ok, here are the latest news :

Here are the promised updates:

Registration Panama: Our appointed lawyer contacted the registrar and found out that there are unanswered questions regarding our activities. The registrar contacted our former agent a couple of times without reply and put everything on hold. We expect this issue to be finally sorted within the coming week.

Proof of Solvency: Our accounting firm is currently getting acquainted with bitcoin, the blockchain etc., which is of course a requisite to audit our assets and liabilities. We have scheduled another conversation with them on Thursday next week to discuss final questions, but they’ve confirmed that the Proof of Solvency can be done sometimes in August. One of the requirements is, that the day of the audit must be a non-trading day, they work strictly on business days only. They cannot audit our bitcoin assets properly, if they are floating around among multiple exchanges, so we need to sacrifice a trading day to perform the audit. In addition the cost of the audit, since it was not part of our business plan, will be deducted from the earnings, but it will be stretched over a couple of days, so it shouldn’t impact your earnings a lot.

What do u guys think ? Is just another way to buy more time ?

Of course. It's a Ponzi scheme, so there's no way they'd get through a properly executed audit. The longer they can keep up the facade, the more money they can make.

[msarro]

I posted about them not posting the update the day they said they would (yet again):

Exactly. It is incredibly unprofessional to state a date at which you will do  something and not meet that date. You guys keep telling us to trust you, but not being able to trust you will meet times you yourself set doesn't really give us a reason to do that.

Their responses:

Look Matty Sarro, the audit will be done by a HIgh Street firm from London. We don't have a date when the audit will be performed, but they confirmed that it will be done in August. Are we opening a can of worms now?

Matty Sarro , you can't place words in our mouths and say we didn't get to it. Michael Brandenburg promised an update which he has given. You want to cause trouble or do you want results?

From me:

I want a reason to trust the people who are holding my money. Constantly saying you will provide an update and then either saying "sorry we decided not to release info" or "I didnt talk to John" is getting old. I'm not starting trouble. I am saying that for people who keep asking for trust you really suck at earning it.
Hell, even if you guys are a legit company, how the hell do you operate if you can't meet deadlines you set?
When do you guys think you will ACTUALLY provide information that isnt just "keep waiting"?

Their response:

Listen Matty Sarro. End of August everything will be on paper. So please be patient. You have a deadline now....and proof thereof. So if you bring up the subject again I will ban you from this group.

my response:

Threatening your customers. Great PR there Lou.

They are now threatening to ban people who point out that they have not hit any one of the deadlines for their information disclosures. I think this speaks for itself.

[rmoraos]

I found more info in the panama public register (search "Por ficha" and put the number 824337), it is some scary that is a company with only $10,000 in capital:

http://registro-publico.gob.pa/index.php/es/servicios-web1/consulta-registral

Best Regards.

[alani123]

I found more info in the panama public register (search "Por ficha" and put the number 824337), it is some scary that is a company with only $10,000 in capital:

http://registro-publico.gob.pa/index.php/es/servicios-web1/consulta-registral

Best Regards.

Care to post a screenshot? The website you posted requires login to view the info.

[reyhan12]

That conversation with the CR is really unprofessional. Even from the start of the conversation, he was treating you (a customer) like a nuisance. Not cool

[capoeira]

why don't they just show the alegeded trades they do?


btw: the more money you use to arbitrage the less you gain because of slippage

[zoonosis]

btw: the more money you use to arbitrage the less you gain because of slippage

For my understanding, could you explain this further?