Mybitcointrade.com | High Interest 2.5%-5%/w | 20% on Bonds| AAA- |Since 07/2011

[Chang Hum]

No !
Do you refer to savings - books, when speaking of stockgeneration?
Do you talk about freezers, when you mean canalisation ?
Did you only one time in your live take responsiblity or consequences, when having given wrong advice, because of your limited ability to percieve facts??

Who was that aimed at?

[JoelKatz]

This isnt true for all their "projects". Read the first post, their so called bankbook was guaranteed. Most of the other projects have buyback guarantees. Of course, at much lower than face value so investors can still expect to lose most of their investment, but they should get  back more than zero.

There are several ways to get around these "guarantees". For example, they could simply discontinue them -- the guarantee refers to the price, not the offer. Stock Generation had several similar guarantees, and they managed to get around all but one of them. Even if you think these guarantees are solid, as you point out they still permit them to take most of your money -- 75% simply by ending them.

[wuala]

Those are the facts: bitcoin will never rise because many scammers and thieft between us. 
And its so easy to get new email address, new forum user, and new "lies"...
If you value your time and your money you'd better have your ass out of this toilet...
wuala

[markm]

It doesn't usually make much/any sense to invest bitcoins in stuff anyway, you are almosts always (maybe absolutely always?) better off investing fiat, and even then only usually fiat that for some reason you do not want to invest directly into actual bitcoins per se.

-MarkM-

[MPOE-PR]

Im not sure but how can you pay 20% per month for a year without investing into pirate...

I guess you're not familiar with Stock Generation. This looks like the same setup. You pay 20% per month for a few months using your deposits to fund the payouts and strongly encouraging reinvestment. Then, you close down all the funds with guaranteed high rates (or just don't offer them), offering people to either get into non-guaranteed funds at no loss or to take the 75% haircut to cash out. Either way, you make money. Then you just tell everyone in the non-guaranteed funds that you're very sorry but they lost everything. As was made clear, it's risky.

In effect, this can be a Ponzi scheme and can take everyone's money without ever breaching one promise they made. All they've promised is that you might make a lot of profit and that your losses are capped at 75%. It's basically like a casino -- all they're saying is that you might make money and you might lose money. The difference is, they've made no clear disclosure of under what conditions you make and which you lose. It's probably safe to assume you make money when that's profitable for them and you lose money when that's profitable for them.

You will continue to make money so long as their deposits continue to increase. Then they'll buy everyone out for just 25% and keep around 75% of current deposits.
http://en.wikipedia.org/wiki/Stock_Generation

The folks at Stock Generation lost in court due to a very slight miscalculation. If these guys learned from that, they can probably run this entire scam (keeping about 50% of total deposits) without breaking any laws.

The giveaway to this is that the investments are said to involve risk with no clear explanation of what the risks are and under what circumstances they lose money. This is what separates something like Stock Generation from a classic Ponzi. (If you read carefully, they can keep most of your money for no reason at all other than that they want to and not break any of their own terms.)

Bitcoin needs more JoelKatzes.

[bulanula]

People barking up the wrong tree here.

Guy who took your moneis = smart1985 = Dominik Baier

Don't be fooled by the name change or the victor russian guy so lame 

http://who.pho.to/dominik_baier_11_internet_ag/ GOT PHONE NUMBER AND EVERYTHING THERE TOO ... ENJOY !

registrant-firstname:            Dominik
registrant-lastname:             Baier
registrant-street1:              Bahnhofsplatz 11
registrant-pcode:                47574
registrant-city:                 Goch
registrant-ccode:                DE
registrant-phone:                +49.15209644300
registrant-email:                smart990@gmail.com

I know this because I doxed him way back when he started the ponzi mybitcointrade.com ...

[Chong Ciao]

Im not sure but how can you pay 20% per month for a year without investing into pirate...

I guess you're not familiar with Stock Generation. This looks like the same setup. You pay 20% per month for a few months using your deposits to fund the payouts and strongly encouraging reinvestment. Then, you close down all the funds with guaranteed high rates (or just don't offer them), offering people to either get into non-guaranteed funds at no loss or to take the 75% haircut to cash out. Either way, you make money. Then you just tell everyone in the non-guaranteed funds that you're very sorry but they lost everything. As was made clear, it's risky.

In effect, this can be a Ponzi scheme and can take everyone's money without ever breaching one promise they made. All they've promised is that you might make a lot of profit and that your losses are capped at 75%. It's basically like a casino -- all they're saying is that you might make money and you might lose money. The difference is, they've made no clear disclosure of under what conditions you make and which you lose. It's probably safe to assume you make money when that's profitable for them and you lose money when that's profitable for them.

You will continue to make money so long as their deposits continue to increase. Then they'll buy everyone out for just 25% and keep around 75% of current deposits.
http://en.wikipedia.org/wiki/Stock_Generation

The folks at Stock Generation lost in court due to a very slight miscalculation. If these guys learned from that, they can probably run this entire scam (keeping about 50% of total deposits) without breaking any laws.

The giveaway to this is that the investments are said to involve risk with no clear explanation of what the risks are and under what circumstances they lose money. This is what separates something like Stock Generation from a classic Ponzi. (If you read carefully, they can keep most of your money for no reason at all other than that they want to and not break any of their own terms.)

Bitcoin needs more JoelKatzes.

No please MPOE, my hero, don´t fall for this intellectual and morally completly corrupted brainwashed selfproclaimed truthseeker......again he fails in some muddy ditch far from reality
and prevents prosecution and rightful distribution of the stolen funds! Just watch whats coming up, as you´ll see how it was written in your post - you! ...the community! looses money!

[aghori]

Site is back this weekend
sry for problems, more infos to come

sry for bad english customers, but please do not worry

viktor

Weekend is over...

[Retard]

Site is back this weekend
sry for problems, more infos to come

sry for bad english customers, but please do not worry

viktor

Weekend is over...

... and page going to be online again.
we have some problems with the website but we are currently working to solve it.
Thanks for staying 'calm' to this time.

sorry for bad english.

[aghori]

Site is back this weekend
sry for problems, more infos to come

sry for bad english customers, but please do not worry

viktor

Weekend is over...

... and page going to be online again.
we have some problems with the website but we are currently working to solve it.
Thanks for staying 'calm' to this time.

sorry for bad english.

What kind of problems? When do you expect it to be up? Will withdraws be processed when it is up?

[DeaDTerra]

Site is back this weekend
sry for problems, more infos to come

sry for bad english customers, but please do not worry

viktor

Weekend is over...

... and page going to be online again.
we have some problems with the website but we are currently working to solve it.
Thanks for staying 'calm' to this time.

sorry for bad english.

I have tried contacting both Crazy and Viktor several times through skype and email and I have got no answer.
If this silent treatment keeps up I will have no choice put to post the info I have and the scanned passport pictures on the forums.
Shape up guys!
//DeaDTerra

[chungenhung]

Site is back this weekend
sry for problems, more infos to come

sry for bad english customers, but please do not worry

viktor

Weekend is over...

... and page going to be online again.
we have some problems with the website but we are currently working to solve it.
Thanks for staying 'calm' to this time.

sorry for bad english.

I have tried contacting both Crazy and Viktor several times through skype and email and I have got no answer.
If this silent treatment keeps up I will have no choice put to post the info I have and the scanned passport pictures on the forums.
Shape up guys!
//DeaDTerra

I would post it already. The silent treatment have been long enough.

[DeaDTerra]

Site is back this weekend
sry for problems, more infos to come

sry for bad english customers, but please do not worry

viktor

Weekend is over...

... and page going to be online again.
we have some problems with the website but we are currently working to solve it.
Thanks for staying 'calm' to this time.

sorry for bad english.

I have tried contacting both Crazy and Viktor several times through skype and email and I have got no answer.
If this silent treatment keeps up I will have no choice put to post the info I have and the scanned passport pictures on the forums.
Shape up guys!
//DeaDTerra

I would post it already. The silent treatment have been long enough.

Viktor responded to me today so I will give them a bit more time.
//DeaDTerra

[PatrickHarnett]

Good luck to everyone who invested in this scam. Your coins should be safe, Patrick triple A rated it.

Good post except for the rating, it was, at best, AA- because they didn't provide particularly good disclosure of what they were doing, and missed out on a few other things that would have provided more confidence (so several positions away from the top score they might have achieved).  Also recall those ratings (done some months ago) were on the issuers, not the products they were busy selling.  That they persisted in misrepresenting that was annoying, especially when they popped up in the Chinese sub-forum promoting it incorrectly.

[dust]

Good luck to everyone who invested in this scam. Your coins should be safe, Patrick triple A rated it.

Good post except for the rating, it was, at best, AA- because they didn't provide particularly good disclosure of what they were doing, and missed out on a few other things that would have provided more confidence (so several positions away from the top score they might have achieved).  Also recall those ratings (done some months ago) were on the issuers, not the products they were busy selling.  That they persisted in misrepresenting that was annoying, especially when they popped up in the Chinese sub-forum promoting it incorrectly.

It should have not been anything higher than an F.

[nio]

Ratings seem to work as good as in real life! Perfect.

[Fortega]

There is new info on their homepage

Looks very professional. The 'company' who bought mybitcointrade even has 'security labs' :-s

[cyberlync]

tried to send them a mail recently, here's what I got;

This is an automatically generated Delivery Status Notification

THIS IS A WARNING MESSAGE ONLY.

YOU DO NOT NEED TO RESEND YOUR MESSAGE.

Delivery to the following recipient has been delayed:

     admin@mybitcointrade.com

Message will be retried for 2 more day(s)

Technical details of temporary failure:
The recipient server did not accept our requests to connect. Learn more at http://support.google.com/mail/bin/answer.py?answer=7720
[(0) mybitcointrade.com. [199.59.166.86]:25: Connection timed out]

[aghori]

From http://mybitcointrade.com/

We are sorry for the troubles, we are planning to give out better rates to all those who couldn't withdraw.

...

Again, thank you all for stayin so calm,
Mybitcointrade will be back, better, faster and much more secure, stay attention.

[Fortega]

So in a few months, this thread is forgotten and whoever owns mybitcointrade walks away with the money??