Topic: bitscalper anyone use this ? [PASSWORDS LEAKED] - page 28. (Read 40982 times)

ohh burn... forgotabout that

this is real though... im taking the plunge, every penny i own, hope this works 

Is that shopped?  If not that's crazy

Hehe.  In all seriousness.  This seems sketch.  I hope everyone is being very careful.

No, he is a master troll who has successfully trolled you..

Do you play russian roulette as well?

It'd be better news if you were able to withdraw the 2000BTC

Scenario 3
Have BTC and USD on two exchanges.  When price is higher on exchange 1: sell on exchange 1, buy on exchange 2.  When price is higher on exchange 2: sell on exchange 2, but on exchange 1.  Rebalance the USD/BTC as necessary.

Good news.  I was able to withdraw the 2.8% I made on the 2000BTCs I deposited there.

Ive deposited a total of 2BTC within the last few days. Not bad for doing nothing. Kinda like earning interest on your money. Though I wouldnt go depositing large amounts in this scheme until the site has been around a while and built up some trust/feedback.

I in the manual do on a scalp very much not the bad percent, especially such day as yesterday... +20 % only for 1 day...

Lets assume for a moment that this is legit.  What kind of scalping algorithms could preserve the value (low risk) and also yield such high returns?  In order to preserve the value you could not convert into other currencies for more than a few seconds.  The longer you hold other currencies, the more risk you incur.  Selling on one exchange and transferring fiat to another exchange seems out of the question.  Holding fiat and waiting for buying opportunities imo is an unacceptable risk, and would never work in a bull market.

So here is one profit scenario.

Scenario 1
There is a large sell order executed on Gox.  Since you have access to smaller exchanges where the price lags, you immediately sell there, wait for the price to begin moving to catch up with Gox, then quickly buy back (before your exposure goes up).  The move must be great enough to close the spread and then some (in a short enough time frame).  You will have to know what typical lag times are on that exchange and be able to beat them.

Scenario 2
When there is an upward spike on one of the smaller exchanges, you sell and then quickly buy back as the price comes back down.

Note:
Both these scenarios produce a net downward pressure on the market.

Both these scenarios assume that the price will gravitate rather quickly toward the Gox price.  They also assume you have access to fast apis on the smaller exchanges.  Which exchanges have fast apis?  Tradehill?

And this perhaps begs the question.  Does the designer of bitscalper have exclusive access to a fast api on a smaller exchange.


EDIT: I thought scalping was synonymous with arbitrage.

Incite against this robot here this robot  https://dnnbitcoin.aricie.com/Default.aspx?tabid=58#Entities_2

I would refer you to this post:

He could be planning to take out the principle after a few days and then work only with the interest.

he wont be able to complain if he does but why wish him harm...?
Although he did put in a little too much....

I hope this goes without saying... but don't use passwords the same as or in anyway similar to any passwords you use anywhere else, if you already have, then change the passwords you have elsewhere.

you know, just in case.

We'll see.  They are still processing withdrawals so if it is a ponzi scheme the trick is knowing when to get out, and not get enamored with the money you're making.
Still, if I stay in just 5 days at these rates I'll have made $130.

http://bitscalper.com/p/disclosure - Take it with a grain of salt.