See,that is the kind of feedback I love seeing. People making decisions on their own without humdrumming about. If you feel something is a scam,don't muck about,just say it out loud and stand by your decision. BT is not a scam and not a Ponzy,and the beauty of p2p is that the more trust is built over time the more a company will be trusted. I would like to turn the tables a bit and ask for hard evidence that Bitcoin Trader is indeed a ponzy,and solid proof that we don't do arbitrage trading. In all fairness,all the evidence anyone on here has given is merely speculation and conclusions based on interpretations from a lack of evidence. So I will personally give a $100 reward for undeniable hard evidence that Bitcoin Trader is a Ponzy scheme.
No one besides people who know the inner workings of BT will be able to provide you this hard evidence. Outsiders do not have access to their data, how can anyone outside the company provide hard evidence?
People are saying it is a ponzi/hyip because it follows many of the common traits of one.
If they really had a business model that can pay "investors" ~1% per day, they wouldn't need to borrow money from them. With that kind of growth, they would be easily be able to self-finance. Even if they started out with no money and needed to borrow, they should have been able to pay that back long ago. Why would they need to keep borrowing money at insane rates? If they were legit, they would pay everyone out, close to the public and arbitrage using the profits they have made since they started out. Why would they share their high profit money making strategy with you? They are doing all the work, why would they want to pay you for doing nothing?
