Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 113. (Read 277012 times)

From   administrator
Sent on   April 30th 2014

It is more complicated than that.

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FreeJack2k2 on 30/04/2014 17:23:55

I have had two-factor authentication on my login ever since the day the site started offering it and I have kept a detailed spreadsheet of every day's results, checking it against my balance on the site for accuracy. I can also verify every single deposit of funds from my wallet software. Nothing was ever changed on my account.

Please let me know if your accounting people want these, to verify my balance...but nothing ever happened to my account or its balance that was not initiated by me. Except, of course, having my funds locked away behind a "legacy" wall where I can no longer retrieve them or earn interest on them.

I don't think it takes anything more than common sense to see red flags and a facility to analyze a situation to realize the risks.  I've not sent anything to btc-arbs support regarding wanting to get my legacy funds transferred back.  Meanwhile, others who have been persistently squawking at them to get their money back are somehow being put in a priority list to get their fully legacy funds.  Are they paying people off to shut them up?  Some of these people getting paid back in full have WAY more BTC than I have, yet their audits were fast tracked to completion faster than mine?  Would a company doing legitimate audits sacrifice their audit procedures just satisfy a few?  And for the few who can claim they've been paid back in full, how many more are not being paid?  I'm still only getting 0.0001 BTC back a day.  I wouldn't be surprised if I get my BTC back after this post.  I'm a relatively cheap buy-off.

Those who have been paid back in full have no legitimate evidence that btc-arbs is a scam, yet they themselves would still call it a scam. What evidence do they have when compared to what btc-arbs has plainly said they would do:  1) acquisition, 2) audits, 3) small legacy funds, 4) eventual return of all funds.  As far as what I can tell, btc-arbs has been GOOD on their word.  So, when those people call out "scam", its incredibly easy for the newcomer to ignore those people as paranoid freaks or have some other agenda in mind.  It's a win for btc-arbs and relative cheap for them to do assuming they have plenty of other accounts to hold on to.

Do not forget that this discussion forum is only an incredibly minute fraction of all the accounts they may have.  Not everyone with an account on btc-arbs is active on this forum.  The "downtime" was barely 24hrs.  Not everyone is checking their account every 12 hours.  It would have been easy enough to miss the whole downed site fiasco, log in and see the acquisition notice (ok, no big deal), observe that they are doing what they said that they'd be doing with the legacy funds and small transfers (seem to be good on their word), see that daily interests are being missed, become impatient and deposit more funds in the regular funds to take advantage of the daily interests, only to set oneself up for double or triple the loss when/if the site closes down for good.  I believe THAT is the scenario they could possibly be trying to take advantage of.

I don't understand why people are flipping out over the notion that such a scenario is entirely possible.  Also, I get impression that the common consensus here is "We're not gonna flat out call btc-arbs a scam, but I'll be damn if I leave my money in there".  If it's not a scam, then why not leave your money in there.  Yet, when some tries to explain the possible scam it's met with "shut up, you have another agenda".  I don't get it.

lol yonce must be busy today, I get a lot of "This user is ignored messages". He must be going off on how much he knows about sites going under (what a subject to be an expert at!).

In any case, did you try doing the forgot password and resetting your password?

haha! thanks. I kind of sometimes feel like that when I post. The referral link repeat attacks is just trying to grasp for straws I believe. Because posting one referral link that was up for about 30 minutes till I removed it when I first joined literally means nothing. We all should be able to share our information and experiences in peace without the fear of being attacked for anything said.

Dunno whats ya problem with yonce, hes only telling the truth about this poniz scam shit here.

The only thing you have "against" him is, dat he provided a referal link, light years ago...

It reminds me of these guys dat didnt want to belive this one guy saying, that the earth is a globe and not flat.

From   administrator
Sent on   April 30th 2014

It is more complicated than that.

----------------------------------
FreeJack2k2 on 30/04/2014 17:23:55

I have had two-factor authentication on my login ever since the day the site started offering it and I have kept a detailed spreadsheet of every day's results, checking it against my balance on the site for accuracy. I can also verify every single deposit of funds from my wallet software. Nothing was ever changed on my account.

Please let me know if your accounting people want these, to verify my balance...but nothing ever happened to my account or its balance that was not initiated by me. Except, of course, having my funds locked away behind a "legacy" wall where I can no longer retrieve them or earn interest on them.

24 hours have gone by since my 1.006 BTC withdrawal request.  Hopefully sometime in the next 24 hours it will actually happen, as I believe people have said their processing window is now stated as 48 hours...  I'll report back again tomorrow.  Fingers still crossed!

Confused, are you asserting btc-arbs does real trading?

At the end of the trading day, they sell the small amount of Bitcoin. They then tally up the cash stacks on each exchange, compare it against the cash amount at the beginning of the day, and know what their profit was.

Subtract any wire transfer fees to rebalance if needed, and that's your net profit. Take your percentage as the trader, and what's left is reported as the day's gain and split amongst the "investor pool." They may or may not have been running trade bots to ensure that they were in Bitcoin during upswings while they weren't actively trading.

Still no sign on the blockchain for this transaction.

And no response from my support ticket about my second deposit

thanks, I am one lucky guy, received everything back plus the interest during the time I had my btcs on site...just posted 1 or 2 pages ago...the fun part is: I have a friend who also has btcs there and he is taking into consideration to start an arbitrage business for him and his closer friends. I know the guy and I am very tempted to jump in, but at this stage I am not making any teasing to anyone and probably I will not make any future commercial to that with any referral link. For sure it will not be a scam. At least I will have the opportunity to understand better some aspects of btc world. The advantage is I know him, and he is trusty, at least for me, so I feel more comfortable.

Cheers