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

[riekinho]

I deposited 0.5 BTC last night - hasn't shown up yet in either figure 12 hours later :/

You are my hero!

[dyask]

I deposited 0.5 BTC last night - hasn't shown up yet in either figure 12 hours later :/

You are my hero!

So now we know why we got some btc back!

[christophorus]

I'm getting the impression the scam isn't quite the scam we were all expecting.
It's actually a little bit more devious. Instead of just taking the money and running they're locking down the accounts for a certain amount of time, during which they'll continue to bring in profits for themselves and not have to share them.

Imagine they have 1000 BTC and manage a 1% profit. They've just made 10 BTC/$4400 without using any of their own money.
Using the first two weeks results from April they could make 500 BTC/$250,000
Not a bad little earner. Then they'll "finish the audit" and transfer the remaining funds. Go back to profit sharing and in a few months pull a different trick. Server problems, banned from exchanges, staff illness, another audit or acquisition.

That's my hope anyway, I'd like to get my BTC back and if I'm right about the above that'll happen.

Who'll still be investing with them if you get your BTC back?

[dyask]

I'm getting the impression the scam isn't quite the scam we were all expecting.
It's actually a little bit more devious. Instead of just taking the money and running they're locking down the accounts for a certain amount of time, during which they'll continue to bring in profits for themselves and not have to share them.

Imagine they have 1000 BTC and manage a 1% profit. They've just made 10 BTC/$4400 without using any of their own money.
Using the first two weeks results from April they could make 500 BTC/$250,000
Not a bad little earner. Then they'll "finish the audit" and transfer the remaining funds. Go back to profit sharing and in a few months pull a different trick. Server problems, banned from exchanges, staff illness, another audit or acquisition.

That's my hope anyway, I'd like to get my BTC back and if I'm right about the above that'll happen.

Who'll still be investing with them if you get your BTC back?

You very well could be correct.   However it is still a scam.   At the best case we have lost earnings we should be getting and have lost access to our bitcoin.    Probably why the returned currency so police wouldn't be encouraged to investigate.

[christophorus]

I'm getting the impression the scam isn't quite the scam we were all expecting.
It's actually a little bit more devious. Instead of just taking the money and running they're locking down the accounts for a certain amount of time, during which they'll continue to bring in profits for themselves and not have to share them.

Imagine they have 1000 BTC and manage a 1% profit. They've just made 10 BTC/$4400 without using any of their own money.
Using the first two weeks results from April they could make 500 BTC/$250,000
Not a bad little earner. Then they'll "finish the audit" and transfer the remaining funds. Go back to profit sharing and in a few months pull a different trick. Server problems, banned from exchanges, staff illness, another audit or acquisition.

That's my hope anyway, I'd like to get my BTC back and if I'm right about the above that'll happen.

Who'll still be investing with them if you get your BTC back?

You very well could be correct.   However it is still a scam.   At the best case we have lost earnings we should be getting and have lost access to our bitcoin.    Probably why the returned currency so police wouldn't be encouraged to investigate.

Best case is that we're missing out on earnings for a while but will eventually get access to our BTC.
Worst case, they just string along for as long as they can and then close up shop.

Either way you're right, it's a scam.

[sorrynn]

I am curious of another thing, and I need support from people who successfully deposit some amounts lately (yesterday&today): where the amount is being shown - in the active balance or in the legacy? if it is in the active balance, can anyone proceed with a withdrawal and see if that amount will be reimbursed? recommended amounts over 1 btc to see what happens...but I know, everyone will say: who is "smart" enough to deposit something over 1 btc after reading these threads? maybe we can make some experiments with what we have. It may mean: we have our old amounts blocked and if we deposit more we will get more profit...and maybe after 2 months another sell to another investor will occur and all balance will be blocked again ...who knows...anyways, if I were someone who wants to make an investment now in btc arbs, I would not put my btcs there.

If it is true that the newer deposits are being split among all users with blocked amounts, me being one of them, I would encourage that scam in order to recover my loss ...but still, we're human and please, hold your investments for now and keep an eye on this thread.

Right now I see btc arbs like this: if you want to lose some btcs make a deposit there...but instead, I can give you my wallet address and you can donate them directly to me. all your donations will be appreciated ..I am joking of course...again being positive

BTW today I got another 0.0027 btc in my account, identical amount with my previous transfer amount...

[nicklello]

Isn't 'Ron James' a Canadian comedian ?

Is the clue in the name perhaps....

[crayboy29]

They shoulda made it Ron Jeremy ?

[sorrynn]

if we put everything together we are facing a canadian joke - lol..I say let's contact the comedian and tell him to unlock our btcs and see his answer...lol again...

[NightWatchHK]

I made a small withdrawal and deposit to test the system.... the withdrawal obviously came from the "trading" account and the deposit went back to the same.  Very small movement from the "legacy" account to the "trading" account.

[cjbriere]

I guess loosing the money sucks the most, but I do miss logging in every day and watch 'their' deposit grow. Doing the math ... and dreaming of retirement. Haha, I guess it wouldn't be so bad if I saw my, excuse me, their money still increasing. Hell if it wasn't for the site going down, and not talking about some foolish buyout.... I know I would have given them even more by now.... Sadly though, I do miss seeing the increases and stroking my false hope daily. There is a piece missing out of me,,, well and a few bitcoin as well. --Cheers!

[sunny1]

Isn't 'Ron James' a Canadian comedian ?

Is the clue in the name perhaps....

Remember their previous website, or what is said to be their previous website: Poker by Proxy. They were pretending to be gambling in Canadian casinos with very proper descriptions of the casinos. So my guess is they are canadian based and the name they are using 'Ron James' is indeed a clue....

[nicklello]

They shoulda made it Ron Jeremy ?

You're not suggesting (read this as British English) a big shaft :-) ?

[nicklello]

I guess loosing the money sucks the most, but I do miss logging in every day and watch 'their' deposit grow. Doing the math ... and dreaming of retirement. Haha, I guess it wouldn't be so bad if I saw my, excuse me, their money still increasing. Hell if it wasn't for the site going down, and not talking about some foolish buyout.... I know I would have given them even more by now.... Sadly though, I do miss seeing the increases and stroking my false hope daily. There is a piece missing out of me,,, well and a few bitcoin as well. --Cheers!

Same here... I was starting to project performance and get excited at the modest amount I could make over time.

Maybe someone is brave enough to work with others to build a community owned replacement ?

[Bestinvest]

I understand that everyone here is really pissed because of the current situation, but if someone still wants to invest some BTC in trading I suggest bitcoin-trader, as I wrote several pages before, there were no issues regarding deposits/earnings/withdrawal since the moment they started their work back in November. Support team is very fast in replies also.

If anyone decide to give it a try, I appreciate if you use my referral link: https://bitcoin-trader.biz/?ref=Duhsasekirom 

Cheers!

[vach]

I understand that everyone here is really pissed because of the current situation, but if someone still wants to invest some BTC in trading I suggest bitcoin-trader, as I wrote several pages before, there were no issues regarding deposits/earnings/withdrawal since the moment they started their work back in November. Support team is very fast in replies also.

If anyone decide to give it a try, I appreciate if you use my referral link: https://bitcoin-trader.biz/?ref=Duhsasekirom  

Cheers!

They are hiding too, you can find not much of a difference with btc arbs,
they just have fb, g+ twatter and thats it... The same puttern is there they are hiding...

Regarding BTC arbs, I think they are sooo gready that they just cant stop, they just dont know where to stop,
thus they are now returning fractions of initial investment and trying to attract more investors.

UPDATE: In case of Bitcoin Trader, I've just found the Local Representatives page,
and there are lot of contact information, one can check if these are real, I'm contacting Kipp Watson (US representative)

[vach]

Just people do some research, read about the service you're intending to invest your money.
AND NEVER EVER risk what you cant afford to lose.

If I had read about btc arbs before I've actually invested, I probably stayed away.

[sunny1]

I understand that everyone here is really pissed because of the current situation, but if someone still wants to invest some BTC in trading I suggest bitcoin-trader, as I wrote several pages before, there were no issues regarding deposits/earnings/withdrawal since the moment they started their work back in November. Support team is very fast in replies also.

If anyone decide to give it a try, I appreciate if you use my referral link: https://bitcoin-trader.biz/?ref=Duhsasekirom  

Cheers!

They are hiding too, you can find not much of a difference with btc arbs,
they just have fb, g+ twatter and thats it... The same puttern is there they are hiding...

Regarding BTC arbs, I think they are sooo gready that they just cant stop, they just dont know where to stop,
thus they are now returning fractions of initial investment and trying to attract more investors.

UPDATE: In case of Bitcoin Trader, I've just found the Local Representatives page,
and there are lot of contact information, one can check if these are real, I'm contacting Kipp Watson (US representative)

Yeah and so are the guys owning btc-e and dozens of other bitcoin related businesses. Kinda standard in the bitcoin ecosystem and in my opinion its a good one. This way greedy governments can't just shut them down.

[Bestinvest]

Just people do some research, read about the service you're intending to invest your money.
AND NEVER EVER risk what you cant afford to lose.

If I had read about btc arbs before I've actually invested, I probably stayed away.

I agree with you, in any case people should not risk what they can't afford to lose.


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

[sorrynn]

On their main page you will find the following text: Withdraw Principal At Anytime

If I carefully read that, I understand the following (maybe I am wrong): you can withdraw what you invested at anytime - or probably that was possible until last week.
Is there anyone who can claim they got profit from this site? I mean withdrawal of more than invested?

My guess is that we could get out what we put in, but not more than that without their "blessing" or manual processing - I wanted to withdraw all my amount 0.97btc invested plus the profit of 0.142btc - and maybe that was the reason I wasn't able to withdraw...probably if I have asked 0.97btc I would have had a better chance...now it's even worse ...in a previous page (I think 4 or 5 by now) from this thread  someone had a withdrawal with 2 hours earlier than I asked mine, and asked 1 btc out...but in the account (we have screenshots) that person had another 0.5 btc or so...I wonder if they were the profit or the initial investment....

Again, I may be right, I may be wrong...