Bitcoin Forum
December 14, 2017, 09:06:11 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  

Warning: You are in the Gambling section. You are likely to eventually lose any money that you gamble/"invest". Additionally, moderators do not remove likely scams. You must use your own brain: caveat emptor. Do not gamble more than you can afford to lose.

Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 ... 180 »
  Print  
Author Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds  (Read 254173 times)
CC23
Sr. Member
****
Offline Offline

Activity: 279


View Profile
February 26, 2014, 06:56:23 PM
 #21

Hmm. As soon as I have bitcoins that are under my control again (yep, goxed, trying to shake some out of bitstamp soon), I'll give it a try with the minimum required deposit and tell you about my experiences. At least it appears legit and they have those nice descriptions on what they did each day. If it's a scam, it's a very good one.

I will answer your Geology questions! https://bitcointalk.org/index.php?topic=864879
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513242371
Hero Member
*
Offline Offline

Posts: 1513242371

View Profile Personal Message (Offline)

Ignore
1513242371
Reply with quote  #2

1513242371
Report to moderator
1513242371
Hero Member
*
Offline Offline

Posts: 1513242371

View Profile Personal Message (Offline)

Ignore
1513242371
Reply with quote  #2

1513242371
Report to moderator
jettico
Member
**
Offline Offline

Activity: 80


View Profile
February 26, 2014, 07:04:19 PM
 #22

It was max investment in fact. An answer to another question was copy-pasted there by mistake. Yep, nothing serious. On one hand. On the other I think it would be difficult for them to process very huge amount of bitcoins/dollars with the same efficiency as the small one.

Rannasha what if they trade altcoin pairs, not only dollars vs bitcoin? Would your estimation be the same then?

CC23 There're 17 pages of positive experiences in the link from my last post Wink But yes, best way to check it out is by yourself.
CC23
Sr. Member
****
Offline Offline

Activity: 279


View Profile
February 28, 2014, 01:10:34 PM
 #23


CC23 There're 17 pages of positive experiences in the link from my last post Wink But yes, best way to check it out is by yourself.

I'm not really good at Russian.

I will answer your Geology questions! https://bitcointalk.org/index.php?topic=864879
LeancyBTC
Full Member
***
Offline Offline

Activity: 168



View Profile
February 28, 2014, 04:32:15 PM
 #24

Not to thread-jack or anything but I took the liberty of looking into this site myself since it looks pretty promising. However, I have come to the conclusion that there's a good chance this is a hybrid of a Ponzi, eg: HYIPs or the likes. One tell-tale sign is lack of information on who runs it and also if you calculate the daily return rates, it seems quite high for arbitrage trading.

It would make more sense if they traded the BTC people put in and turned a profit from arbitrage trading which then gets taxed a % which then gets spread across their investors depending on the amount invested. That might make more sense in terms of structure but it seems to me the interest rate are a % of what is invested individually by it's members.

That's just my rant but good luck to all those who have invested. I hope everyone at least gets to make some return out of this program.

balanghai
Sr. Member
****
Offline Offline

Activity: 364


View Profile
February 28, 2014, 05:15:21 PM
 #25

It's really in the gamble forum. Just wondering why there isn't a day that's negative.
CC23
Sr. Member
****
Offline Offline

Activity: 279


View Profile
February 28, 2014, 10:01:30 PM
 #26

Does one have to supply correct ID info (e.g. do they ask for proof)? I don't feel comfortable letting them know my name since there's no proper terms of service, privacy statement etc.

I will answer your Geology questions! https://bitcointalk.org/index.php?topic=864879
Blord
Newbie
*
Offline Offline

Activity: 2


View Profile
February 28, 2014, 10:04:13 PM
 #27

It's really in the gamble forum. Just wondering why there isn't a day that's negative.

You don't swap coins if the outcome is negative. Smiley

I have opened an account and deposit 0.1BTC. After two days I withdraw everything. That was 0.102BTC
I got suspicious because they never answered my ticket. How am I suppose to contact them if anything goes wrong ?

Funny thing is that the withdraw fee is 0.001BTC but they never subtract it from my total sum. I was expecting to get 0.101 back. Cheesy
Kyraishi
Hero Member
*****
Offline Offline

Activity: 574


Bountie- Do You Have Game?


View Profile
February 28, 2014, 10:06:45 PM
 #28

lol 0.01% per day is crap..

o3u
Sr. Member
****
Offline Offline

Activity: 372


Money comes, money goes


View Profile WWW
March 01, 2014, 10:03:14 PM
 #29

left 1BTC there a bit more than a week after having successfully attempted withdrawals several times over there.

So far this BTC has 16.74% profit for that period (with some referral profit as well apparently). As always it's a gamble, and if the guys are running a ponzi you never know when they'll pull the plug. But so far i'm juicing it.
CC23
Sr. Member
****
Offline Offline

Activity: 279


View Profile
March 02, 2014, 12:13:41 AM
 #30

I was a little worried when a bitcoin deposit still wasn't credited to my account after 8 hours, but now it's there and I've received my daily ROI. Apparently they do everything manually. Gonna leave it for a while, then try to withdraw to see if it's safe(ish) to deposit a little more.

I will answer your Geology questions! https://bitcointalk.org/index.php?topic=864879
Blord
Newbie
*
Offline Offline

Activity: 2


View Profile
March 02, 2014, 12:59:22 AM
 #31

This is a scam. STAY AWAY !!

http://www.reddit.com/r/Bitcoin/comments/1zanhq/btcarbsnet_and_ugabaltron_are_scammers_stay_away/
msc
Sr. Member
****
Offline Offline

Activity: 282



View Profile
March 02, 2014, 01:29:55 AM
 #32

It's btc-arbs.com, not .net.
Krichwins
Newbie
*
Offline Offline

Activity: 28


View Profile
March 02, 2014, 08:09:18 AM
 #33

I sure hope these fellas are holding the proper amount of fiat!!! I have alot more questions but have placed 2 btc on this site!!!! I will keep u all updated!!! Im curious to see how it goes!!!!
NLNico
Legendary
*
hacker
Offline Offline

Activity: 1540


DiceSites.com owner


View Profile WWW
March 02, 2014, 08:31:09 AM
 #34

This is obviously a ponzi. There will be a lot scammed in the end, be careful. I would advise to not put any money on this website. Withdrawals are possible now to earn trust so people put more money in.

Just imagine this... daily ROI is like 2%:

1000*1.02^356= 1152553

So after a $1.000 investment they would make $1.152.553 in 1 year. Do you think, if they have a magic formula to make that much money.. that they will put time into making this website for "investors"? Of course not.

Also just search on "btc-arbs.com" on google and you will find mostly HYIP, ponzi, "moneymaker", etc sites/forums since that's their target group (greedy idiots.)

Krichwins
Newbie
*
Offline Offline

Activity: 28


View Profile
March 02, 2014, 10:10:08 AM
 #35

Well my btc has gone through 6 confirmations now and my balance still does not show!!! Not so sure im a fan of that yet!!!! 2 btc invsted and i even tweeted my friends hope im not making a huge Blunder!!!! Now that ive had more time to ponder my decision to blindly send them 2 of my hard earned btc im starting to second guess myself!!! I will certainly be keeping you all posted!!!!
CC23
Sr. Member
****
Offline Offline

Activity: 279


View Profile
March 02, 2014, 10:26:54 AM
 #36

Well my btc has gone through 6 confirmations now and my balance still does not show!!! Not so sure im a fan of that yet!!!! 2 btc invsted and i even tweeted my friends hope im not making a huge Blunder!!!! Now that ive had more time to ponder my decision to blindly send them 2 of my hard earned btc im starting to second guess myself!!! I will certainly be keeping you all posted!!!!

As I said it took almost a day for my deposit to show up, don't worry yet.

I will answer your Geology questions! https://bitcointalk.org/index.php?topic=864879
NLNico
Legendary
*
hacker
Offline Offline

Activity: 1540


DiceSites.com owner


View Profile WWW
March 02, 2014, 10:34:27 AM
 #37

Well my btc has gone through 6 confirmations now and my balance still does not show!!! Not so sure im a fan of that yet!!!! 2 btc invsted and i even tweeted my friends hope im not making a huge Blunder!!!! Now that ive had more time to ponder my decision to blindly send them 2 of my hard earned btc im starting to second guess myself!!! I will certainly be keeping you all posted!!!!
I think you will get your balance. But recommending your friends to a ponzi which will scam eventually is terrible.

Krichwins
Newbie
*
Offline Offline

Activity: 28


View Profile
March 02, 2014, 10:38:38 AM
 #38

Ps... I never received an email from site after i signed up!!! I probably should have waited!! It said after i signed up that an email was sent and i could log in!!! I never got the email!!! I just logged in and grabbed a btc address..... Sometimes i act to fast!!!! I will keep u all posted!!! I would like to learn more about who is actually handling my coinage!!! I agree recomending my friends was a horribel idea!!! Sometimes i act to quickly!!!! Watch me become the first victim here!!!!
Krichwins
Newbie
*
Offline Offline

Activity: 28


View Profile
March 02, 2014, 11:03:29 AM
 #39

Yup buyers remorse!!! Hope i get my money back!!! I'm gonna have to reduce amount i'm playing with i should have only sent 0.5 btc over to test!!!
Rannasha
Hero Member
*****
Offline Offline

Activity: 728


View Profile
March 02, 2014, 11:14:45 AM
 #40

Rannasha what if they trade altcoin pairs, not only dollars vs bitcoin? Would your estimation be the same then?

I see no statements of anything altcoin related. In fact, they accept only BTC and USD deposits and you get paid back in the currency you deposited. If this was a legit operation (it's not), then that would make sense if you're only doing BTC/USD arbitrage, because you don't expose your investors to exchange rate risks (which is the whole point of arbitrage, to profit independent of exchange rate developments). Running alt-coin pairs without taking deposits in the relevant alt-coins means that all deposits are exposed to the exchange rate of those alt-coins.

Furthermore, while alt-coin arbitrage can be more profitable than BTC/USD arbitrage, the volumes with which you can make a good profit are much lower, since there simply isn't that much volume in the alt-coin markets compared to BTC/USD and the spread between exchanges tends to go down with increasing volume.

On another subject, the website of BTC-Arbs.com has 4 different names for their operation: BTC Arbs, BTC-Arbs, Bit Arbs and Bit-Arbs. Professional company with 10 employees working out of a Geneva-office? Or just a plain old Ponzi scam? You be the judge.
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 ... 180 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!