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March 15, 2014, 09:43:43 AM |
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btc-arbs is a classic HYIP ponzi. ANY site offering guaranteed daily returns, of ANY amount or percentage, is. They might do some trading with your funds, but that's not where your earnings are coming from. They're simply paying out older "investors" with deposits from newer ones. As soon as people stop giving them money, the pyramid will collapse. Be EXTREMELY careful. Chances are, once they've made all the money they want, they'll close up shop and pull a runner with the rest of the funds. I've seen it happen all too many times with other sites that turned out to be nothing more than ponzi schemes.
Edit: lol. site says that btc-arbs was created in november of 2013, but results of a simple whois search of their domain name says that domain was registered on january 4th, 2014. fishy??
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