bitcoin-trader.biz - page 32. | Bitcointalksearch.org

jimmad13

newbie

Activity: 7

Merit: 0

Don't think we will hear anything.

My name is Michaela, I am the Moderator of the Unofficial Bitcoin-Trader group. (https://www.facebook.com/groups/422205661244938/)

I tried to join the Unofficial Facebook group to see if any progress was made there and was blocked.

The dodgy just keeps on coming!

lesnod11

full member

Activity: 182

Merit: 100

Does anyone know if they are posting any news and if so where? Or are they just completely silent?

WBF1

sr. member

Activity: 419

Merit: 250

Quote from: fingertoe11 on October 12, 2014, 02:26:14 PM

Quote from: jimmad13 on October 12, 2014, 02:17:53 PM

I too have a little coin in BT and have done for sometime.

But if I was going away on holiday (i.e. John off sailing). I would probably not take the cold storage keys with me. Especially to China. I would probably have them in a safety deposit box in a Bank.

Perhaps we are just waiting for his return to get things moving?

Or perhaps we have all indeed been screwed.

Perhaps the BearWhale was BT cleaning out their wallets before running?

All we can really do is give it a few days. If nothing.....the hunt is on.

The Bitcoin would not be in Cold Storage if it was supposed to be in arbitrage 5 days a week..

The simple fact is that if they indeed held bitcoin, the shares that where expiring where bought at 650 and had to be bought out at 290 or so.. That would be reason for a cash flow crunch..

Actually, if you bought shares at 650/BTC, sent to BT, and if they hold deposits in USD to avoid volatility, they'd have the opposite problem. If I just want my BTC back, then it will cost them less to convert back to BTC and send it back to me.

renee25

member

Activity: 79

Merit: 12

domain protected by whois-guard?

Instant-e.com , nmc-wallet.com , ppc-wallet.com are thieves!

also used whois-guard!

http://www.reddit.com/r/Namecoin/comments/2izx32/instantecom_nmcwalletcom_ppcwalletcom_are_thieves/

jimmad13

newbie

Activity: 7

Merit: 0

Quote from: vivalavito on October 12, 2014, 07:12:17 PM

anyone use the bank wire method for cashout? would like to see what the incoming account info was, might be a way to trace who opened the account. Banks require some sort of id for opening an account Grin

I think I might know someone that did. I shall reach out.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: animalroam on October 12, 2014, 08:24:04 PM

It's a smart Ponzi because it convinced people to invest, telling them that it was not a Ponzi. Telling from the company, it has been successful. Not everyone can tell that it's a Ponzi, or else it wouldn't have been nearly as successful.

It seems like it was moderately successful (though it remains to be seen how much they looted, I dont believe it came anywhere near Obsi's or Pirateat40's loot), that doesnt make it "clever". Just about every scam ever posted on this forum was successful. I mean even things like "Dank's Bank"

Bit N Roll

member

Activity: 67

Merit: 10

Quote from: vivalavito on October 12, 2014, 07:12:17 PM

anyone use the bank wire method for cashout? would like to see what the incoming account info was, might be a way to trace who opened the account. Banks require some sort of id for opening an account Grin

Any update about this?

mmortal03

legendary

Activity: 1762

Merit: 1010

Quote from: Puppet on October 12, 2014, 05:19:19 AM

Quote from: mmortal03 on October 12, 2014, 03:22:05 AM

If such sock puppets aren't legally complicit to fraud, then maybe they should be? Anyone who signs up to promote HYIPs that turn out to be scams, even if they aren't the actual kingpins, should be held liable to a certain extent.

(b) Prosecution of persons who aid and abet violations
For purposes of any action brought by the Commission under subparagraph (b) or (d) of section 77t of this title, any person that knowingly or recklessly provides substantial assistance to another person in violation of a provision of this subchapter, or of any rule or regulation issued under this subchapter, shall be deemed to be in violation of such provision to the same extent as the person to whom such assistance is provided.

http://www.law.cornell.edu/uscode/text/15/77o

So yes, he must likely is liable under SEC regulation. Just saying "I didnt know" isnt good enough if the behavior is deemed "reckless". If you are promoting an unregistered security offered by anonymous people promising returns only a ponzi scheme can, Im pretty sure that would qualify as reckless.

I hope the SEC begins investigating them, then. If another three letter government organization, the FTC, is laying the smack down on Butterfly Labs, the SEC should get with the program and at least investigate Bitcoin Trader on behalf of United States' customers. But it could be like South American real estate scams, wherein the U.S. government can't do anything about it.

dalovar

newbie

Activity: 24

Merit: 0

I sell my account with 1 share and $0.79 on it ($20.79). Bought the share on October the 2nd (10 days ago). Selling all for 0.04BTC ($15)
PM me

http://i.imgur.com/op4TdCr.png

animalroam

legendary

Activity: 1073

Merit: 1000

Quote from: Puppet on October 12, 2014, 07:02:52 PM

Quote from: rammy2k2 on October 12, 2014, 04:34:11 PM

Greed costs dude, BT is a ponzi , a smart one, but its a ponzi

How is it smart? I never seen a more obvious ponzi, and Ive been around the block(chain), ive seen lots and lots of them. None where so blatantly using all the tricks in the book. I mean.. all the social networking reach out ? using referral links? Really? What legitimate insanely profitable venture would be so desperate for more funds that they set up an elaborate referral scheme? The only thing they didnt do (or maybe they did) was cold calling from a Bangladesh call center. The "smart" ponzi's actually made you feel special that you could even invest in them. They pretended it was a rare privilege.

It's a smart Ponzi because it convinced people to invest, telling them that it was not a Ponzi. Telling from the company, it has been successful. Not everyone can tell that it's a Ponzi, or else it wouldn't have been nearly as successful.

vivalavito

newbie

Activity: 5

Merit: 0

anyone use the bank wire method for cashout? would like to see what the incoming account info was, might be a way to trace who opened the account. Banks require some sort of id for opening an account Grin

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: rammy2k2 on October 12, 2014, 04:34:11 PM

Greed costs dude, BT is a ponzi , a smart one, but its a ponzi

How is it smart? I never seen a more obvious ponzi, and Ive been around the block(chain), ive seen lots and lots of them. None where so blatantly using all the tricks in the book. I mean.. all the social networking reach out ? using referral links? Really? What legitimate insanely profitable venture would be so desperate for more funds that they set up an elaborate referral scheme? The only thing they didnt do (or maybe they did) was cold calling from a Bangladesh call center. The "smart" ponzi's actually made you feel special that you could even invest in them. They pretended it was a rare privilege.

roparker2014

member

Activity: 119

Merit: 100

Quote from: ?? on ??

My name is Michaela, I am the Moderator of the Unofficial Bitcoin-Trader group. (https://www.facebook.com/groups/422205661244938/)

Last night I doxxed Thomas Opperman. If you join the group, you will have full access to his details.

In retaliation, Bitcoin Trader have deleted my account. I had $4k tied up. I am not overly fussed about this loss to be honest, BT seems to be the sinking ship of the season anyway.

I am also the one who has crucial information on Bitcoin-Trader that could potentially see them come crashing down (I'm not sure how loud the crash is going to be now - they seem to have fucked themselves up pretty well already). I will be publishing my report to my Unofficial group in a matter of time.

All the best to everyone.

Is it possible you could post the details here? There are some of us who don't want our friends and family to be aware that we are occasionally silly enough to dabble in this sort of thing...

rammy2k2

legendary

Activity: 1974

Merit: 1003

Quote from: ElectricSavant on October 12, 2014, 10:41:00 AM

Come on BTC trader....do the right thing. I do not want to spend time on tracking you down to get my 10k back...I still am holding out hope for you...but you have disappeared from the the support tickets and the reports on your blog. The trading has ceased and you have stopped updating the earnings calendar...My three cashout requests are still sitting unfullfilled and not being disbursed for a week now.

I am sorry to hear that you had technical troubles and from what you reported your wallet was fixed a few days ago and you are now performing maintenance. Your investors have now taken notice that their funds may be lost due to the extreme amount of time that has passed during your troubles and your recent silence has not helped. This can spiral out of control for you and your handling of this technical problem may be the cause of the spiral.

ElectricSavant

Greed costs dude, BT is a ponzi , a smart one, but its a ponzi

"Come on BTC trader....do the right thing" , actually they did, they took your money, thats the right thing for them

jimmad13

newbie

Activity: 7

Merit: 0

I would not trade with all the funds and would always maintain a reserve of fiat and BTC? Depends on their strategy.

Though I would be pissed to lose my investment. I do feel a little sorry for the companies associated with them as well as the rep(s) in the Kryptoz car travelling the US.

A screwup would be better than a scam.

fingertoe11

newbie

Activity: 57

Merit: 0

Quote from: jimmad13 on October 12, 2014, 02:17:53 PM

I too have a little coin in BT and have done for sometime.

But if I was going away on holiday (i.e. John off sailing). I would probably not take the cold storage keys with me. Especially to China. I would probably have them in a safety deposit box in a Bank.

Perhaps we are just waiting for his return to get things moving?

Or perhaps we have all indeed been screwed.

Perhaps the BearWhale was BT cleaning out their wallets before running?

All we can really do is give it a few days. If nothing.....the hunt is on.

The Bitcoin would not be in Cold Storage if it was supposed to be in arbitrage 5 days a week..

The simple fact is that if they indeed held bitcoin, the shares that where expiring where bought at 650 and had to be bought out at 290 or so.. That would be reason for a cash flow crunch..

jimmad13

newbie

Activity: 7

Merit: 0

I too have a little coin in BT and have done for sometime.

But if I was going away on holiday (i.e. John off sailing). I would probably not take the cold storage keys with me. Especially to China. I would probably have them in a safety deposit box in a Bank.

Perhaps we are just waiting for his return to get things moving?

Or perhaps we have all indeed been screwed.

Perhaps the BearWhale was BT cleaning out their wallets before running?

All we can really do is give it a few days. If nothing.....the hunt is on.

ElectricSavant

newbie

Activity: 32

Merit: 0

Quote from: tmfp on October 12, 2014, 01:12:42 PM

Hey, take a chill pill savant, you're rambling.
Roll Eyes

BT was never a Bitcoin business, it was a fiat business that claimed to arbitrage Bitcoin.
You were attracted by the ROI and convinced yourself that it could be legitimately and continuously achieved simply because Bitcoin.
I bet you wouldn't have considered an investment offering similar returns without that magic word.
Unrealistic expectations and all that..........
Undecided

yeah...

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Hey, take a chill pill savant, you're rambling.
Roll Eyes

BT was never a Bitcoin business, it was a fiat business that claimed to arbitrage Bitcoin.
You were attracted by the ROI and convinced yourself that it could be legitimately and continuously achieved simply because Bitcoin.
I bet you wouldn't have considered an investment offering similar returns without that magic word.
Unrealistic expectations and all that..........
Undecided

ElectricSavant

newbie

Activity: 32

Merit: 0

Hey..becoming a chasing rainbow broker could be where some money can be made...

Topic: bitcoin-trader.biz - page 32. (Read 203880 times)