Cryptcominer.com - SCAM or NOT?! Update: SCAM

[CodyAlfaridzi]

Is it true they are paying sig campaign everyday?

Yes, i can confirm it.

[1714573997]

1714573997

[1714573997]

1714573997

[1714573997]

1714573997

[Equinoxx]

Is it true they are paying sig campaign everyday?

Yes, i can confirm it.

I can also confirm.
They pay every 24 hours. Exactly.

[fox19891989]

Is it true they are paying sig campaign everyday?

Yes, i can confirm it.

I can also confirm.
They pay every 24 hours. Exactly.

What's the fee per day?

[vaisajne]

Is it true they are paying sig campaign everyday?

Yes, i can confirm it.

I can also confirm.
They pay every 24 hours. Exactly.

What's the fee per day?

The most striking feature is that they do not take any fees or taxes, what you will get is pure profit with pay no fees or taxes. Just read this in their FAQs. This means no fees.

[BombaUcigasa]

http://www.cryptocoinsnews.com/sponsored-stories/cryptcominer-com-managing-alternative-investments/2014/09/03

[williamj2543]

I confirm that this is not a scam. I received both of my payouts very promptly and all of the site worked for me. Also I could daily withdraw my profits with no fees. I do have a little suspicion in me that this will eventually crash, but think of it this way. Trading a lot of money will make it a bit less volatile but the profits you make will be less than in short term investments. If cryptcominer can get more users funds, they can profit more and make it easier to pay back the 3% or whatever. They can make probably 5% or more per day if they work hard and are smart.

[Jackson_cali]

i am join Cryptcominer.com. Will update here

[ONLYfree]

I confirm that this is not a scam. I received both of my payouts very promptly and all of the site worked for me. Also I could daily withdraw my profits with no fees. I do have a little suspicion in me that this will eventually crash, but think of it this way. Trading a lot of money will make it a bit less volatile but the profits you make will be less than in short term investments. If cryptcominer can get more users funds, they can profit more and make it easier to pay back the 3% or whatever. They can make probably 5% or more per day if they work hard and are smart.

I see that you have no idea how hyip works

[williamj2543]

I confirm that this is not a scam. I received both of my payouts very promptly and all of the site worked for me. Also I could daily withdraw my profits with no fees. I do have a little suspicion in me that this will eventually crash, but think of it this way. Trading a lot of money will make it a bit less volatile but the profits you make will be less than in short term investments. If cryptcominer can get more users funds, they can profit more and make it easier to pay back the 3% or whatever. They can make probably 5% or more per day if they work hard and are smart.

I see that you have no idea how hyip works

Ahh, well I'm trying to be a bit optimistic, but like I said I have a suspicion that this will crash. Sig campaign is WAY too good to be true, on top of their 5% payout investing. Its in gambling for a reason I guess.

[BombaUcigasa]

I confirm that this is not a scam. I received both of my payouts very promptly and all of the site worked for me. Also I could daily withdraw my profits with no fees. I do have a little suspicion in me that this will eventually crash, but think of it this way. Trading a lot of money will make it a bit less volatile but the profits you make will be less than in short term investments. If cryptcominer can get more users funds, they can profit more and make it easier to pay back the 3% or whatever. They can make probably 5% or more per day if they work hard and are smart.

I see that you have no idea how hyip works

Ahh, well I'm trying to be a bit optimistic, but like I said I have a suspicion that this will crash. Sig campaign is WAY too good to be true, on top of their 5% payout investing. Its in gambling for a reason I guess.

This is why you can't confirm it's not a scam. The trust games work until they stop working completely, for everyone. There is no trading, you can't possibly make 4-5% a day from trading a variable lump of money. If you knew exactly how much money you held and had weeks to optimize your algorithm, it might be possible to get 2-3%. But to get 5% from day one on any sum? They are also paying users for promotion, and bought that CCN article (for probably 2 BTC or so).

[Squeaker]

I confirm that this is not a scam. I received both of my payouts very promptly and all of the site worked for me...

GLBSE (and pass-thrus) paid out just fine too, until they didn't. Payouts today, are not confirmation that this isn't a scam.

=squeak=

[Arctic]

I confirm that this is not a scam. I received both of my payouts very promptly and all of the site worked for me...

GLBSE (and pass-thrus) paid out just fine too, until they didn't. Payouts today, are not confirmation that this isn't a scam.

=squeak=

no, no, no....  they are giving you a small part of your own and/or other future victims own money back.

If you believe this is real you have no understanding of how compounding works and why this cannot be anything other than a Ponzi scheme. 



Here's two very simple questions.   

1. If you had a way of infallibly making 4.5% per day, why would you ever need to take in money from outside victims investors? Borrow the money at 8% pa and turn yourself into a multimillionaire by this time next year. Retire to a tropical island.

2. Explain to me who is on the other side of the "investment".     Where is the money coming from??


It is not real. You will see small payouts until one day the website disappears and they run away with the rest of your BTCBTCBTCBTC.

[Squeaker]

It is not real. You will see small payouts until one day the website disappears and they run away with the rest of your BTCBTCBTCBTC.

the fact that they are taking fiat payments too for this tho, is just elevating their exposure to legal action. lots of places where the law is still fuzzy about bitcoin, but they're taking fiat, and denominating in fiat... so... whatever legal ambiguity they could have claimed for using bitcoin is out the window... they have a higher chance of earning real prison time... so I wouldn't expect them to stick around for very long before they pack up and disappear...

=squeak=

[apsvinet]

And to be honest, i don't think it will last for a month

I expect more, because they can pay back completely initial depositors in 20-30 days and get new deposits based on that for a while. My suggestion is 2 months.

True.
But consider their expenses for promotion, like signature ads and Ref contest (4BTC prize on 21 Sept.). Do you think they really would pay the 4BTC?

Contest ends in 20th September.
Winners announced till 21th September.

So 21st of September? I guess we know when they're shutting down then.

[BombaUcigasa]

And to be honest, i don't think it will last for a month

I expect more, because they can pay back completely initial depositors in 20-30 days and get new deposits based on that for a while. My suggestion is 2 months.

True.
But consider their expenses for promotion, like signature ads and Ref contest (4BTC prize on 21 Sept.). Do you think they really would pay the 4BTC?

Contest ends in 20th September.
Winners announced till 21th September.

So 21st of September? I guess we know when they're shutting down then.

Remember to update your signature...

[xcapator]

And to be honest, i don't think it will last for a month

I expect more, because they can pay back completely initial depositors in 20-30 days and get new deposits based on that for a while. My suggestion is 2 months.

True.
But consider their expenses for promotion, like signature ads and Ref contest (4BTC prize on 21 Sept.). Do you think they really would pay the 4BTC?

Contest ends in 20th September.
Winners announced till 21th September.

So 21st of September? I guess we know when they're shutting down then.

exactly, their currently running sig campaign and referral contests are just traps to attract more people to invest with them. When they think they have had enough money in their pocket, they will run away and disappear just before referral contest ends (20th - 22nd of sept will be the judgement day)

[coory]

i don't think they will scam 

i got 3 payments

[Squeaker]

i don't think they will scam 

i got 3 payments

Lots of people didn't think pirateat40 would scam either... (I'm sure a few are still waiting to be paid back even now)

=squeak=

[Possum577]

I'm glad we have an independent review of Cryptco's business on the forum. Couldn't he just be interested in getting funds to trade BTC for fiat, essentially forex (foreign currency exchange) trading, which he does advertise on his site?

i/ll let you all know how the sig plan goes.

[Squeaker]

we had an independent review?

link or it didn't happen...

=squeak=