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

[FreeJack2k2]

Right but we WERE a day ahead of what the old schedule was...until the Tuesday results were posted (on Monday). Then we basically skipped a day of results, and then today's results were properly posted on Wednesday, putting us back on the normal schedule. It started when they posted that Saturday was a vacation day and also posted Sundays results, on Saturday. They've been a day ahead since then, until today.

They have been doing everything really strangely. And still, do this day, not a single element of the site has been updated to reflect any of the "ownership change" information or the elimination of cash deposits, etc... No company would have left all of that completely untouched for two weeks following a takeover and change of direction.

[NullOp]

Adam is probably some guy in China. Ron is probably his cat. I suspect he worked out a lengthy deal with Ron and has signed over responsibility to the feline CEO.

I can only assume the people behind this get some kind of kick out of it. If anyone did due diligence before depositing with btc-arbs (at least now), they'd know not to deposit money. What is the point in returning money to users if running a scam? To give excuses and illusion of being legal to avoid some kind of punishment? Too late.

[rynomster]

Maybe "Ron" who bought the company wants to make back all the money he paid to buy btc-arbs before giving us our BTC ba

Or maybe they got hacked badly and want to get the funds back....

Or its just a scam

[mies_reed]

took me 5 hours to read all of the 83 pages here 

What a story lol. If this all comes to a good end it is THE most bizar story on this forum 


And yes, I'm also one of the greedy guys and waiting for the btc to come out of my legacy balance. But, if they do within a month I will not withdraw them.
Will wait with the withdraw until december.

GL to all, I'll keep reading the posts

[dyask]

took me 5 hours to read all of the 83 pages here 

What a story lol. If this all comes to a good end it is THE most bizar story on this forum 


And yes, I'm also one of the greedy guys and waiting for the btc to come out of my legacy balance. But, if they do within a month I will not withdraw them.
Will wait with the withdraw until december.

GL to all, I'll keep reading the posts

Well if it comes to a good end, there will probably be another 83 pages to read, because the amounts moving from the legacy funds have been tiny so far.

[christophorus]

Amazing.

08/05/2014 05:05   Legacy Fund Transfer of 0.0002
08/05/2014 05:03   Legacy Fund Transfer of 0.0007
08/05/2014 05:01   Your investments have earned you 0.0001 bitcoins
07/05/2014 20:20   Your investments have earned you
07/05/2014 00:31   Legacy Fund Transfer of 0.0003
06/05/2014 16:33   Legacy Fund Transfer of 0.0002
05/05/2014 21:44   Legacy Fund Transfer of 0.001
05/05/2014 21:34   Your investments have earned you

That's a whole £0.02614 I've earnt just by leaving my 0.2BTC sat in a legacy fund.

It's probably better than the rate of interest on my bank account actually.


[sarcasm]
Well, I'm convinced it's not a scam now.
[/sarcasm]

[joef]

@yonce
Has BTC-Arbs been blackmailed too?

[mies_reed]

took me 5 hours to read all of the 83 pages here  

What a story lol. If this all comes to a good end it is THE most bizar story on this forum  


And yes, I'm also one of the greedy guys and waiting for the btc to come out of my legacy balance. But, if they do within a month I will not withdraw them.
Will wait with the withdraw until december.

GL to all, I'll keep reading the posts

Well if it comes to a good end, there will probably be another 83 pages to read, because the amounts moving from the legacy funds have been tiny so far.

They just transferred a little over 0.5 btc to my normal balance out of my legacy funds.

yesterday is was something like normal:0.07x btc legacy: 1.36x btc and right now showing: normal: 0.5785btc legacy: 0.8425btc

BUT there is not a legacy transfer showing on the transaction page but, on the other hand, I don't really care


http://[IMG]http://i61.tinypic.com/ibcn78.png[/img]


edit: img isnt working so http://i61.tinypic.com/ibcn78.png

[nightengale]

took me 5 hours to read all of the 83 pages here  

What a story lol. If this all comes to a good end it is THE most bizar story on this forum  


And yes, I'm also one of the greedy guys and waiting for the btc to come out of my legacy balance. But, if they do within a month I will not withdraw them.
Will wait with the withdraw until december.

GL to all, I'll keep reading the posts

Well if it comes to a good end, there will probably be another 83 pages to read, because the amounts moving from the legacy funds have been tiny so far.

They just transferred a little over 0.5 btc to my normal balance out of my legacy funds.

yesterday is was something like normal:0.07x btc legacy: 1.36x btc and right now showing: normal: 0.5785btc legacy: 0.8425btc

BUT there is not a legacy transfer showing on the transaction page but, on the other hand, I don't really care


[/img]


edit: img isnt working so http://i61.tinypic.com/ibcn78.png

Was this out of the blue, or did you submit a support request... ?

[rynomster]

They're giving me about 1.5% / day now, which is allot better than 0.5%

[s1lverbox]

Whats average return on 0.1Btc investment?

[Jcw188]

They only pay back like 1.5% per day?  You think they can stay in business for another 3 months so you'll get your money back? 

[mies_reed]

took me 5 hours to read all of the 83 pages here  

What a story lol. If this all comes to a good end it is THE most bizar story on this forum  


And yes, I'm also one of the greedy guys and waiting for the btc to come out of my legacy balance. But, if they do within a month I will not withdraw them.
Will wait with the withdraw until december.

GL to all, I'll keep reading the posts

Well if it comes to a good end, there will probably be another 83 pages to read, because the amounts moving from the legacy funds have been tiny so far.

They just transferred a little over 0.5 btc to my normal balance out of my legacy funds.

yesterday is was something like normal:0.07x btc legacy: 1.36x btc and right now showing: normal: 0.5785btc legacy: 0.8425btc

BUT there is not a legacy transfer showing on the transaction page but, on the other hand, I don't really care


http://[IMG]http://i61.tinypic.com/ibcn78.png[/img]


edit: img isnt working so http://i61.tinypic.com/ibcn78.png

Was this out of the blue, or did you submit a support request... ?

Kinda out of the blue, I did send a support ticket but that's a while ago. I don't think its helpfull for any of us to send another ticket because I think they receive just to many a day. They can't even read them all I think , let alone solve and answer every one of them. Just takes to much time.

I'll patiently wait another week and check again. Still have some faith btc-arbs being legit.

[FreeJack2k2]

I have zero faith in them being legit, at this point...but their ruse appears to be working, on some people.

Until the site design changes to reflect the new ownership's announced "change of direction" and we have more clarity on who exactly is running the thing (and not to mention, when I am returned the 35+ Bitcoin I'm currently owed), it should now be considered ultra high-risk and most likely a scam.

[lajz99]

Just checked and about half of my balance (.44btc) was moved out of legacy so I was able to withdrawal.

[yonce]

@yonce
Has BTC-Arbs been blackmailed too?

 

[yonce]

I have zero faith in them being legit, at this point...but their ruse appears to be working, on some people.

Until the site design changes to reflect the new ownership's announced "change of direction" and we have more clarity on who exactly is running the thing (and not to mention, when I am returned the 35+ Bitcoin I'm currently owed), it should now be considered ultra high-risk and most likely a scam.

Indeed the ruse is working. They must be rolling in new dough.

[dhsc19]

Why are there still any speculation that this may or may not be a scam?  This is an HYIP!  There are hundreds of them and they all operate the same way.  There is no arbitrage trading, there is no oil rig contracts, there is no flipping abandoned African commercial real estate to turn them into hot ticket malls, or whatever cover story there may be.  There is no real business behind any of these...period!  It is a game...learn how to play it.  Anyone playing HYIPs with the mindset that these are "legit" businesses to begin with are setting themselves up for failure and a bad overall experience with HYIP.  If you understand that you a playing a ponzi game, then you can plan accordingly and give yourself better odds.  No one seems to mind playing lotteries, but everyone seems to freak out and go in an uproar when it comes to ponzis.  To me, I think you have better odds of at least making a minimal profit with ponzis, than losing all in lotteries.  You just have to play them correctly.  At least with ponzis, you can use your social engineering skills to negotiate with the admins.  

[yonce]

took me 5 hours to read all of the 83 pages here 

What a story lol. If this all comes to a good end it is THE most bizar story on this forum 


And yes, I'm also one of the greedy guys and waiting for the btc to come out of my legacy balance. But, if they do within a month I will not withdraw them.
Will wait with the withdraw until december.

GL to all, I'll keep reading the posts

You'll wait till December? Why? It's a ponzi game that has ended. They'll keep the ruse going as long as they can, but December is a bit of a stretch - a lotta stretch

[yonce]

Why are there still any speculation that this may or may not be a scam?  This is an HYIP!  There are hundreds of them and they all operate the same way.  There is no arbitrage trading, there is no oil rig contracts, there is no flipping abandoned African commercial real estate to turn them into hot ticket malls, or whatever cover story there may be.  There is no real business behind any of these...period!  It is a game...learn how to play it.  Anyone playing HYIPs with the mindset that these are "legit" businesses to begin with are setting themselves up for failure and a bad overall experience with HYIP.  If you understand that you a playing a ponzi game, then you can plan accordingly and give yourself better odds.  No one seems to mind playing lotteries, but everyone seems to freak out and go in an uproar when it comes to ponzis.  To me, I think you have better odds of at least making a minimal profit with ponzis, than losing all in lotteries.  You just have to play them correctly.  At least with ponzis, you can use your social engineering skills to negotiate with the admins.  

LOL. Doesn't matter what you say to some people. They'll deny it all day long even when its here and staring them in the face. Paying or Scam lol.