bitcoin-trader.biz

[nrd525]

And how can someone figure out if it's a ponzi or not?

generaly, if it looks like a ponzi, smells like a ponzi and it's saying but not proofing it's not a ponzi, it is a ponzi

I'm afraid my smell sense does not work over the TCP/IP. Is there a way to prove that an authentic investment operation is not a ponzi that can't be demonstrated by a ponzi?

I allready said how: showing past operations

So basically they need to show like a day's worth of trades from which their daily profit number comes from? That should be convincing enough to consider it a non-ponzi?

I think so; if they are not fakable.
what are others thinking?

There is the occasional day where it is possible to make a small return by arbitrage  (several weeks ago there was a $20-$25 price difference between Bitfinex and Bitstamp - which I made a small profit from - also the highest gap I've ever seen between the two outside of a flash crash). If they cherry-picked a single day, they might be able to actually earn the money.  I'd want a week of data - or at least three days.

[capoeira]

And how can someone figure out if it's a ponzi or not?

generaly, if it looks like a ponzi, smells like a ponzi and it's saying but not proofing it's not a ponzi, it is a ponzi

I'm afraid my smell sense does not work over the TCP/IP. Is there a way to prove that an authentic investment operation is not a ponzi that can't be demonstrated by a ponzi?

I allready said how: showing past operations

So basically they need to show like a day's worth of trades from which their daily profit number comes from? That should be convincing enough to consider it a non-ponzi?

I think so; if they are not fakable.
what are others thinking?

There is the occasional day where it is possible to make a small return by arbitrage  (several weeks ago there was a $20-$25 price difference between Bitfinex and Bitstamp - which I made a small profit from - also the highest gap I've ever seen between the two outside of a flash crash). If they cherry-picked a single day, they might be able to actually earn the money.  I'd want a week of data - or at least three days.

anyways, if they don't do any effort in that direction, this would be a big indicator that it realy is a ponzi

[rhader]

You can follow my post on reddit, it has screen shots
http://www.reddit.com/r/Bitcoin/comments/2c2dn9/bitcointraderbiz/

[sunny1]

That's the impression that they should PROOF it's wrong

If they could they would have done it a long time ago, but they know that if they try to be too specific in their lies they will be exposed by people who actually know the business. Instead they settle for those who will continue to believe in them and send them money as long as there is no definitive evidence to prove they are a scam.

Sorry, but you are an idiot Grinder!

[BombaUcigasa]

You can follow my post on reddit, it has screen shots
http://www.reddit.com/r/Bitcoin/comments/2c2dn9/bitcointraderbiz/

Wtf, are you from 1998? Who the hell uses tinypic.com? The pictures don't work and never will.

[capoeira]

You can follow my post on reddit, it has screen shots
http://www.reddit.com/r/Bitcoin/comments/2c2dn9/bitcointraderbiz/

I linked this thread there. people should have all information there is

[BombaUcigasa]

Working images:
https://i.imgur.com/oNediFY.png
https://i.imgur.com/GTN0f0a.png
https://i.imgur.com/lSbYU9C.png

So should we understand that the 22nd July option gave you 3.6% until now? Do you get back the initial investment or just the profits at the term?

[capoeira]

What does it proof when people are payed out...That's how ponzis work, they "pay" virtual, and try to prevent real payments.....and they pay real payments, until system implodes

[Centaurus]

I am investing in BT since april and they are paying timely.

[crazyivan]

Working images:
https://i.imgur.com/oNediFY.png
https://i.imgur.com/GTN0f0a.png
https://i.imgur.com/lSbYU9C.png

So should we understand that the 22nd July option gave you 3.6% until now? Do you get back the initial investment or just the profits at the term?

You can back your principal after maturity period expires and this period is 4 months. At the top of that you can daily profits, only during business days, no weekends, which you can withdraw each day.

[sillywhim]

Here is my weekly update. In case others havn't read my previous post on this thread, I invested 4 BTC a week ago based off this threads general feelings towards bitcoin-trader.biz

So far I've earned around $100 USD in 5 week days.

You haven't earned anything. Nadda.

In essence: You met this stranger on the street. Kinda cool looking dude i.e. nice website. You hand over $2400 USD (4 BTC) in a bag i.e. bitcoin transaction. Just like that. Every so often, he comes to your house i.e. wallet address and drops tiny amounts of coins on your doorstep (no analogy needed.)

You go around shouting in your neighborhood i.e. bitcoin forum about how you are "earning money". If anyone is "earning money", it is that total stranger you just handed $2400 to, no? You even told this complete stranger not to worry but promise me dearly you will return the bag of $2400 in ONE HUNDRED AND TWENTY DAYS from now.

Maybe he will, maybe he won't. How can you enforce this performance? And those coins this total stranger drops at your doorstep every now and then, what if he decides to stop doing it? What can you do about it?

If all this seems right as rain to you, then, okay, I'll dress up nice and pretty (even use armani cologne) and ask you to meet me at a bus stop in your city, and you hand me $2400 in a paper bag. I'll then take the next bus that happens by. But before I do, I'll take out a few coins from that paper bag right then and there and hand it over to you so you can buy yourself a yummy ice cream cone --cause I'm a very nice guy i.e. "support" request answered immediately.

Dude, if you wouldn't do this in real life, why oh why would you think so radically differently otherwise? ...and on the INTERNET of all places???

[sillywhim]

Add to that the fact that Bitcoin-Trader claims to only trade during business hours, which means that they don't automate their trades. Which is, quite frankly, absurd.

Them ponziers can't automate what they don't do. It's these small details that scammers add that bolsters up the apparent legitimacy of the scam itself --very commonly done in scams.

I have to admit thought that there is a certain elegance and beauty to scams (respect your adversary.)

Mark my words.

Sadly there's no need. It's a truism. More big and naive dreams that scammers take advantage of. On and on and on it goes. There's a sucker born every millisecond.

[sillywhim]

You can back your principal after maturity period expires and this period is 4 months. At the top of that you can daily profits, only during business days, no weekends, which you can withdraw each day.

Willing to wager on this trust you have in bitcoin-trader.biz? Two to One odds:

I will deposit 0.5 BTC and you deposit 0.25 BTC. If bitcoin-trader.biz is still around in 120 days from now, you get it all. If not, I get it all.


Deal?

[capoeira]

cases like this shoud go into a poll

You think it's a scam?

Yes
No

[sillywhim]

Don't care about polls.

I want to bet. Put your mouth where your money is. Obviously I am betting the ponzi won't last for 120 days starting from today...

[capoeira]

Don't care about polls.

I want to bet. Put your mouth where your money is. Obviously I am betting the ponzi won't last for 120 days starting from today...

well, who is betting aginst it does so on the page 

[DerekH]

You can back your principal after maturity period expires and this period is 4 months. At the top of that you can daily profits, only during business days, no weekends, which you can withdraw each day.

Willing to wager on this trust you have in bitcoin-trader.biz? Two to One odds:

I will deposit 0.5 BTC and you deposit 0.25 BTC. If bitcoin-trader.biz is still around in 120 days from now, you get it all. If not, I get it all.


Deal?

Just saw this, I'd totally be up for this bet. How would you want to carry out the bet?

[crazyivan]

You can back your principal after maturity period expires and this period is 4 months. At the top of that you can daily profits, only during business days, no weekends, which you can withdraw each day.

Willing to wager on this trust you have in bitcoin-trader.biz? Two to One odds:

I will deposit 0.5 BTC and you deposit 0.25 BTC. If bitcoin-trader.biz is still around in 120 days from now, you get it all. If not, I get it all.


Deal?

Just saw this, I'd totally be up for this bet. How would you want to carry out the bet?

Hey, this seems fun. All you need is a trusted escrow. If you do not find anyone else with higher reputation, I can do it for free.

[alani123]

Hey, this seems fun. All you need is a trusted escrow. If you do not find anyone else with higher reputation, I can do it for free.

A trusted escrow to hold accounts and collect deposits for 120 days? Nah...

[Rannasha]

The bet that this thing will implode in the next 120 days is risky. Plenty of Ponzis, including some BTC-related, have lasted for longer than BT's current age. I can see it going for another 4 months and even longer depending on how many suckers are still out there.

It will go boom, eventually, but I think 1 year is a safer bet.