btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds

[bigtimespaghetti]

As I said: no.

Of course I sent ID, my address, their address, amount. Even the link to the explorer.
Looks like they don't give a f. if one don't press evil confirm button :]

Interested to see if this is resolved, hopefully it will be.

[activebiz]

Bump. Is This site paying

[bigtimespaghetti]

Bump. Is This site paying

Was for me a couple weeks back, I'm sure it is as people would post straight away on here.

[NLNico]

Bump. Is This site paying

The idea of a ponzi is that it will pay everyone perfectly so more people make deposits until the end and then all money is gone.

Obviously you can decide for yourself if this is a ponzi or not, there is enough information in this topic.

I just mean to say, that previous successful withdrawals are not any proof for it not being a ponzi.

[crazyivan]

Yup, they are paying, received another test withdrawal.

[longlivebitcoin]

received my withdrawal!

[Slipknot79]

received my withdrawal!

How long did it take?

Yea i transfered 0,08BTC to them, lets see if they arrive. I got this message, that i have to wait 1-8 hours till the coins become credited. Lets see if they are legit oO

BTC x 1,01^365 sounds too good to be true

[ferguson]

This thread is laughable. Watching BTC-Arbs and wondering if it is a Ponzi, is analogous to turning the handle on a Jack-in-the-Box, and wondering if the clown will ever jump out at you, and then being surprised when it finally does.
 

[j4r3k]

After third support ticket they updated my deposit. Reply was from Adam, I bet "We currently have 10 employees" is a BS.

[crazyivan]

received my withdrawal!

How long did it take?

Yea i transfered 0,08BTC to them, lets see if they arrive. I got this message, that i have to wait 1-8 hours till the coins become credited. Lets see if they are legit oO

BTC x 1,01^365 sounds too good to be true

It took about 8 hours to receive my withdrawal in my case. I test them every week requesting small amounts just to be sure everything is fine.

[crazyivan]

After third support ticket they updated my deposit. Reply was from Adam, I bet "We currently have 10 employees" is a BS.

Good, I was not feeling comfortable when you mentioned your deposit was not credit. Glad this is resolved.

[FreeJack2k2]

It's most likely untrue that there are 10 employees on this, but I do believe he's got at least one or two other people helping with the trading. It doesn't take a lot of people to do this though and he's on record as saying they use a trading bot for BTC-e and Bitstamp, so the manual trades are done on the smaller exchanges. Bitcoin is a 24-hour market, so it'd make sense if you were doing this as a full-time business to have someone else working the "overnight" shift while you sleep!

Glad to hear the deposit was taken care of, though.

[stephendt]

So after reading several pages in this thread, I'm still uncertain whether BTC-Arbs is a legitimate business, or is a ponzi scheme which will rob me of my coins within a few months.

Is there any conclusive proof that there is some shady work happening behind all this? It appears everyone is able to generate interest and withdraw funds with no issues, and if they are making a cut out of all this, it's in their best interest to make their business model work.

[andydabeast]

seems like the only way stealing everyones coins would benefit them is if they were going out of business anyway.

[romang]

After doing research i decided on this one instead. But only risk what you can afford to loose if it is a scam.


https://bitcoin-trader.biz/?ref=gelsicapital

[FreeJack2k2]

So after reading several pages in this thread, I'm still uncertain whether BTC-Arbs is a legitimate business, or is a ponzi scheme which will rob me of my coins within a few months.

Is there any conclusive proof that there is some shady work happening behind all this? It appears everyone is able to generate interest and withdraw funds with no issues, and if they are making a cut out of all this, it's in their best interest to make their business model work.

It's mainly the anonymity of the site operators, the fact that their script is the same as a known prior scam "Poker By Proxy" site, though they explained that it's a commercially available script and they had no knowledge of the poker site. The two concepts are pretty far from each other expertise-wise though and the Poker site did a LOT more marketing, even going so far as to hire actors to portray the site operators in some promotional YouTube videos. Not the same M.O. here.

So far it's just skepticism about the concept I guess...there isn't any evidence that it's a scam. I have been at it for a month with no issues and pretty good returns.

[nightengale]

Have made ~12% on my initial deposit over the last 10 days. Requested a withdrawal of those proceeds last night and it came through a few hours later.

[ilic]

i just put in 0.07btc to start with.  will see how it goes...

[ib927]

I put in 3 BTC.

[bigtimespaghetti]

I put in 3 BTC.

You have some balls mate- that or a lot of btc lying around