Bitcoin arbitrage, quite profitable BTC investment, make up to 1% ROI per day

[Grinder]

Sounds exactly like Pirate's ponzi scheme. Everything works perfectly until it doesn't.

After this benchmark even bitcoin is ponzi.

Except Bitcoin is not a black box run by someone you don't know who are, using unknown methods which they claim are giving unheard of profits, which they gladly give away to anyone instead of keeping it to themselves. Oh well, you've been warned.

They're even using the same methods as described in the ponzi guide from the infamous EVE guy. The whole thing is obviously run by crazyivan.

[crazyivan]

Haha, I wish, I can only wish. I guess you are Satoshi Nakamoto then. Following your logic, you use Bitcoin and promote it, you must be behind it.
All I say is that I like the service, I use it for a couple months and it has been profitable for me. If you know some other option where to invest my BTC, safe, risk free and profitable, please do share it. But I seriously doubt it.

[GoldSurfer]

Haha, I wish, I can only wish. I guess you are Satoshi Nakamoto then. Following your logic, you use Bitcoin and promote it, you must be behind it.
All I say is that I like the service, I use it for a couple months and it has been profitable for me. If you know some other option where to invest my BTC, safe, risk free and profitable, please do share it. But I seriously doubt it.

Do not be harsh with those who have a different opinion. Especially if they have no ulterior motives, unlike you.

[giletto]

Except Bitcoin is not a black box run by someone you don't know who are...

So? Who is Satoshi, you know him? Or anybody else?

using unknown methods which they claim are giving unheard of profits

Method=Arbitrage. Known and not Rocket science to understand.

..which they gladly give away to anyone instead of keeping it to themselves. Oh well, you've been warned.

Could the reason be, that you need a huge amount of money, to work with arbitrage profitable?

They're even using the same methods as described in the ponzi guide from the infamous EVE guy. The whole thing is obviously run by crazyivan.

What the farmer don't know, the farmer don't eat, right?

[Grinder]

using unknown methods which they claim are giving unheard of profits

Method=Arbitrage. Known and not Rocket science to understand.

Or at least that's what he's written on the black box.

[yonce]

using unknown methods which they claim are giving unheard of profits

Method=Arbitrage. Known and not Rocket science to understand.

Or at least that's what he's written on the black box.

This site is going to leave a lot of heartbroken people just like btc-arbs and leancy before.

[crazyivan]

Requested another small test withdrawal, will report once it goes through.

[Moedas :D igitais]

Requested another small test withdrawal, will report once it goes through.

I did a request as well... Apart from the manual process that takes time (make sure its done before 16.00 server time), it goes allright.

I agree with some posts, nothing is safe, not even CITI group, not even Meryll Lynch, for sure not even BITCOIN.
So, as someone mentioned before, to avoid heart-breaks... only invest money that you can afford to lose.

[nrd525]

Requested another small test withdrawal, will report once it goes through.

Small test withdrawals don't faze HYIPs or ponzis. In fact they thrive upon confirmation of small withdrawals as it builds confidence in their scheme.

If you want to do a serious test have several people do a full withdrawal.

[nrd525]

Read this thread.  The Bitcoin Savings and Trust ponzi lasted from Nov 2011 to August 2012 before ultimately running away with a large amount of bitcoins (maybe $500k worth).

https://bitcointalk.org/index.php?topic=50822.0

[crazyivan]

Requested another small test withdrawal, will report once it goes through.

Small test withdrawals don't faze HYIPs or ponzis. In fact they thrive upon confirmation of small withdrawals as it builds confidence in their scheme.

If you want to do a serious test have several people do a full withdrawal.

They have couple thousands accounts, I think about 4k. How do you suggest I coordinate that and why would I do that. If you do have some other risk free profitable investment, please let me know immediately.

[gizmoh]

Its a typical HYIP/ponzi scam. I have a long gamble history with hyips.They offer too good to be true ROI with capital guaranteed, without ever showing credible proof of these returns, honoring withdrawals until withdrawals grow larger than deposits, and then the music stops and they close shop.
Do NOT send your coins to these thieves.

[Moedas :D igitais]

Requested another small test withdrawal, will report once it goes through.

Small test withdrawals don't faze HYIPs or ponzis. In fact they thrive upon confirmation of small withdrawals as it builds confidence in their scheme.

If you want to do a serious test have several people do a full withdrawal.

Yeah, just like a "real" bank...
They are the biggest legalized HYIPs and PONZI scammers of all. And did I mention legal?
If everyone withdrew their cash from Barclays or BofA... they would be fcuked.
How does a bank work?
Gets your cash, invest in stocks (or lose it), pay you a bit (like a shitty 1%/year) and get more people to their PONZI scheme...
It looks like we live in a PONZI age, banks, central governments... but those, no one says they are scammers...

[Moedas :D igitais]

Its a typical HYIP/ponzi scam. I have a long gamble history with hyips.They offer too good to be true ROI with capital guaranteed, without ever showing credible proof of these returns, honoring withdrawals until withdrawals grow larger than deposits, and then the music stops and they close shop.
Do NOT send your coins to these thieves.

there's some trading/results history on their website ...
also, they have an "extra" income from mining, not just the damn arbitrage.
they sell the mining shares to complement the trading shares.
ponzi or hyip or scam, so far its working for me, and at least I put my money where my mouth is...

[Grinder]

there's some trading/results history on their website ...
also, they have an "extra" income from mining, not just the damn arbitrage.
they sell the mining shares to complement the trading shares.

There is no mining and no trading, and the numbers are all made up to make suckers give them money. Every good ponzi needs a way to convince their victims that it's legitimate, and this is their way.

[JCviggen]

There is no mining and no trading, and the numbers are all made up to make suckers give them money. Every good ponzi needs a way to convince their victims that it's legitimate, and this is their way.

This is the most likely explanation. The fact that they tie up your money for a very very long time (by crypto universe standards) also supports the ponzi theory.

[rosatambo]

Yeah, just like a "real" bank...
They are the biggest legalized HYIPs and PONZI scammers of all. And did I mention legal?
If everyone withdrew their cash from Barclays or BofA... they would be fcuked.
How does a bank work?
Gets your cash, invest in stocks (or lose it), pay you a bit (like a shitty 1%/year) and get more people to their PONZI scheme...
It looks like we live in a PONZI age, banks, central governments... but those, no one says they are scammers...

Well, banks have this little thing called insurance. In the US it's called FDIC, and your account at a bank is insured for up to $250k.  Who guarantees the deposits at this ponzi thing? Nobody.

Yes, there is fractional reserve. No, it's not the same as a ponzi.

A Ponzi scheme is a fraudulent investment method that pays off early investors with deposits from later ones.

Fractional reserve banking is the practice of keeping only a fraction of a bank's demand deposits on reserve, while lending out the rest. The reserve requirement is how central banks limit the amount of money that can float around in commercial banks.

OH how I wish the HYIP/Ponzi crew never heard of Bitcoin.

[yonce]

Yeah, just like a "real" bank...
They are the biggest legalized HYIPs and PONZI scammers of all. And did I mention legal?
If everyone withdrew their cash from Barclays or BofA... they would be fcuked.
How does a bank work?
Gets your cash, invest in stocks (or lose it), pay you a bit (like a shitty 1%/year) and get more people to their PONZI scheme...
It looks like we live in a PONZI age, banks, central governments... but those, no one says they are scammers...

Well, banks have this little thing called insurance. In the US it's called FDIC, and your account at a bank is insured for up to $250k.  Who guarantees the deposits at this ponzi thing? Nobody.

Yes, there is fractional reserve. No, it's not the same as a ponzi.

A Ponzi scheme is a fraudulent investment method that pays off early investors with deposits from later ones.

Fractional reserve banking is the practice of keeping only a fraction of a bank's demand deposits on reserve, while lending out the rest. The reserve requirement is how central banks limit the amount of money that can float around in commercial banks.

OH how I wish the HYIP/Ponzi crew never heard of Bitcoin.

rosa, its a good thing for the HYIP industry to have bitcoin - gives more options for U.S. players. Just the ones to make their faces known to the bitcoin community hardcore are pulling a fast one. These particular admins are not experienced admins, but want a piece of 100 million a year HYIP industry and a big ol chunk of Bitcoin.

[crazyivan]

May 6, 2014, another great trading day:+1.1%

I also received my withdrawal yesterday.

[crazyivan]

May 7, 2014 trading result:+1.12%

Two really nice days in a row.