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Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 147. (Read 277012 times)

hero member
Activity: 728
Merit: 500
Well maybe next time the site is down for less than a day ( yes, it can happen again ), people won't start acting a fool and creating such FUD. Or maybe they will. Just goes to show you what happens when someone invests 8 dollars and 17 cents and freaks the flip out when he can't view his balance...



It's still a Ponzi scheme though, whether the website is online or offline. Once enough money has been collected or when withdrawal requests start to outpace new deposits, the plug will be pulled. This can be next week, or it can be in many months. Some successful online Ponzi schemes last for over a year before exploding.

Is it too radical to believe they are legitimately and successfully executing arbitrage?

Arbitrage is a legitimate trading strategy and can yield some profits. I know this, because I operate a simple arbitrage bot myself. However, the profits that they claim to achieve are way beyond what you could reasonably expect considering all the funds that are in transit through the slowass bank-system and the immense costs of having 10 employees and an office in one of the most expensive cities in the world (Geneva).

I've written out the above in much more details in previous posts in this thread, so I won't bother to redo that. But if no alarmbells go off when you see this site and its claims, then you need to get your Ponzi-sensors checked.
newbie
Activity: 56
Merit: 0
you may all be right or wrong...one thing is sure: I requested a withdrawal for all my btc amount there (not much, a bit more than 1 btc). I will keep you posted in I will receive them in 36 hours, as stated.

I need that anyhow for personal expenses.

Cheers
newbie
Activity: 24
Merit: 0
I am trying to make the results page percentages match my actual results in a spread sheet and definitely having trouble matching them up.

Probably calculating it wrongly, anyone manage to make that work?
member
Activity: 116
Merit: 10
Well maybe next time the site is down for less than a day ( yes, it can happen again ), people won't start acting a fool and creating such FUD. Or maybe they will. Just goes to show you what happens when someone invests 8 dollars and 17 cents and freaks the flip out when he can't view his balance...



It's still a Ponzi scheme though, whether the website is online or offline. Once enough money has been collected or when withdrawal requests start to outpace new deposits, the plug will be pulled. This can be next week, or it can be in many months. Some successful online Ponzi schemes last for over a year before exploding.

Is it too radical to believe they are legitimately and successfully executing arbitrage? Even if it turns out to be nothing more than a scam, some here will profit. I am not investing all my BTC in it, it is a definite risk, but the returns I have made thus far are remarkable. Furthermore, why scam everyone out of BTC when it is at one of it's lowest points? I would get more nervous when the value is back to normal, and that could very well be the intention if it turns out to be a ponzi. Until that time arrives, my power bill is being paid each day.



hero member
Activity: 728
Merit: 500
Well maybe next time the site is down for less than a day ( yes, it can happen again ), people won't start acting a fool and creating such FUD. Or maybe they will. Just goes to show you what happens when someone invests 8 dollars and 17 cents and freaks the flip out when he can't view his balance...



It's still a Ponzi scheme though, whether the website is online or offline. Once enough money has been collected or when withdrawal requests start to outpace new deposits, the plug will be pulled. This can be next week, or it can be in many months. Some successful online Ponzi schemes last for over a year before exploding.
member
Activity: 116
Merit: 10
Well maybe next time the site is down for less than a day ( yes, it can happen again ), people won't start acting a fool and creating such FUD. Or maybe they will. Just goes to show you what happens when someone invests 8 dollars and 17 cents and freaks the flip out when he can't view his balance...

newbie
Activity: 12
Merit: 0
In the words of Gilda Radner...

...NEVER MIND
newbie
Activity: 19
Merit: 0
The evidence posted on this thread shows nothing other than a dns problem followed by some server issues. It does not show a scam, or negligence, or incompetence. There is absolutely no way you can tell, unless you get on that server and poke around from the inside.

Whilst this server might just be port forwarding / proxying to a bunch of internal (secured) servers, the presence of an open rpcinfo port (port 111) absolutely indicates negligence and incompetence on the part of the server administrator.  There is zero reason for this port to be open on a public facing server.  This very strongly suggests that this server is not a proxy, but is directly running all of these services.

FWIW, the server response string of "OpenSSL/1.0.1e-fips" does not necessarily indicate a HeartBleed vulnerable version of OpenSSL.  Some Linux distributions (especially RedHat and derivatives) ship with particular version numbers for packages, but back-port essential patches without bumping the version number.
newbie
Activity: 12
Merit: 0
It back online!  Grin

The only question is for how long! All sane members will withdraw now.

I will not take all my BTC out. I already take only the profit BTC and leave the initial deposit. The fact in my case tell me this guys are serious. In my opinion if they were here to steal the money, they wont bring the webpage back, allowing all users withdraw their money. In fact I have made a withdraw and it go through perfect.
legendary
Activity: 1106
Merit: 1005
ps gonna build up to the 50k and head to one of those cocktail parties... bam son

yeah i was planning on that as well. Although it will probably take me a while to get that much money.
full member
Activity: 149
Merit: 100
From the Results page. They write a little piece every day: https://btc-arbs.com/results.html

Click on the dates (so for today, click on 17).
y80
full member
Activity: 145
Merit: 100
@jseppeli

where was that quote copied from?

Quote
First and foremost, we would like to take this opportunity to apologize for the website downtime that we have experienced for roughly the past 12 hours. Due to a hardware failure in our data centre, our website was temporarily offline. During this time, arbitrage trading continued as per usual, however users were not able to access their accounts. We have pinpointed the point of failure, and have taken steps to ensure that it does not happen again. Please do not contact us to inform us that the website was offline, we were aware and such messages serve solely to create a support backlog.

Next on the agenda, Easter. Due to the Easter Holidays, our staff will be working limited hours this weekend, including Friday and Monday. Please refrain from sending unnecessary support messages, and allow for a slightly longer than usual response time.

And finally, we'll move on to the day's results. Our arbitrage was limited today since the entire team was focused on restoring our servers. We did however manage a 0.6% result.


Results page
newbie
Activity: 6
Merit: 0
@jseppeli

where was that quote copied from?

Quote
First and foremost, we would like to take this opportunity to apologize for the website downtime that we have experienced for roughly the past 12 hours. Due to a hardware failure in our data centre, our website was temporarily offline. During this time, arbitrage trading continued as per usual, however users were not able to access their accounts. We have pinpointed the point of failure, and have taken steps to ensure that it does not happen again. Please do not contact us to inform us that the website was offline, we were aware and such messages serve solely to create a support backlog.

Next on the agenda, Easter. Due to the Easter Holidays, our staff will be working limited hours this weekend, including Friday and Monday. Please refrain from sending unnecessary support messages, and allow for a slightly longer than usual response time.

And finally, we'll move on to the day's results. Our arbitrage was limited today since the entire team was focused on restoring our servers. We did however manage a 0.6% result.
member
Activity: 96
Merit: 10
Well...it's been an interesting mass hysteria.  Hope no one killed their wife to store the meat for food reserves.
sr. member
Activity: 430
Merit: 500
Result seems to be 0.60%

Quote
First and foremost, we would like to take this opportunity to apologize for the website downtime that we have experienced for roughly the past 12 hours. Due to a hardware failure in our data centre, our website was temporarily offline. During this time, arbitrage trading continued as per usual, however users were not able to access their accounts. We have pinpointed the point of failure, and have taken steps to ensure that it does not happen again. Please do not contact us to inform us that the website was offline, we were aware and such messages serve solely to create a support backlog.

Next on the agenda, Easter. Due to the Easter Holidays, our staff will be working limited hours this weekend, including Friday and Monday. Please refrain from sending unnecessary support messages, and allow for a slightly longer than usual response time.

And finally, we'll move on to the day's results. Our arbitrage was limited today since the entire team was focused on restoring our servers. We did however manage a 0.6% result.
hero member
Activity: 574
Merit: 500
ps gonna build up to the 50k and head to one of those cocktail parties... bam son

No, all stupid members will withdraw now. It they are legit, this could cause the company significant problems. If they are a scam, they will disappear. If you want to pull out, do it over the course of a few days. Submitting a big withdrawal request would be kinda dumb at this point.
newbie
Activity: 49
Merit: 0
ps gonna build up to the 50k and head to one of those cocktail parties... bam son
sr. member
Activity: 276
Merit: 250
It back online!  Grin

The only question is for how long! All sane members will withdraw now.
sr. member
Activity: 276
Merit: 250
I mean you really need to take off your pink glasses.

There is no sane CEO/website owner/business owner in the world who would suffer this kind of malfunction and skip notifying his clients about it just being malfunction to be fixed.
Why? Cause he knows if he does not do that 99% of his clients s going to withdraw and run the moment he gets his website back online thus effectively destroying his business.

So during this 24 hours any normal webmaster would post a note, send a group email, anything. Do we have something? No. Accept it. They run.

Exactly, no webmaster would leave their members in the dark. The repeatedly sending withdrawal requests back to the account balance is also a very old HYIP trick. They are gone, face it! No further evidence needed. BTW, Poker by Proxy had the same shelf life as btc-arbs. If whatever you like to invest in is on Money-News-Online, just skip it and forget about it for your own sake.
hero member
Activity: 574
Merit: 500
It will be interesting what the result will be today... Good arbitrage opportunities, but possibly some distraction with the site being down... We shall see...
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