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Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 151. (Read 276958 times)

newbie
Activity: 29
Merit: 0
Isnt ANYONE suspicious that all of these "I got my withdrawal"

.
.
.

Are coming from NEWBIES with only a few activity points, registered recently..


whatever... I'm glad I got it. I still have a lot of btc there waiting, probably away. i'm a newbie, indeed. and feel a bit stupid to have put my eggs in one basket. as told before, scam or not, this is a good lesson...
newbie
Activity: 3
Merit: 0
yes of course it does not work now anymore, last night there was a dns-resolving problem, not a site-error like now.

I think -only in my oppinion- they switched off the webpage (maybe killed the process or anything equal) and work on a solution for the dns-problems of last night.

But - in my mind - it is a no-go to just reply with a 500 error instead of displaying "work in progress due to security reasons" or anything else and i would take all my btcs of btc-arbs because they don't seem to work in a professional way...
newbie
Activity: 15
Merit: 0
Isnt ANYONE suspicious that all of these "I got my withdrawal"

.
.
.

Are coming from NEWBIES with only a few activity points, registered recently..

Remember: People are generally good. Let's wait and see what will going to happen.
full member
Activity: 237
Merit: 100
Isnt ANYONE suspicious that all of these "I got my withdrawal"

.
.
.

Are coming from NEWBIES with only a few activity points, registered recently..


Yes for me its suspicious Cheesy
hero member
Activity: 574
Merit: 500
Isnt ANYONE suspicious that all of these "I got my withdrawal"

.
.
.

Are coming from NEWBIES with only a few activity points, registered recently..
newbie
Activity: 29
Merit: 0
Hi everyone,

my first post Smiley

I started using btc-arbs just a few days ago with 0.5 BTC. Last night i wanted to see the results of yesterday and saw, that the dns could not resolve btc-arbs.com, so i tried using the ip if found over an old dns lookup table and hardcoded the dns -> ip matching in my /etc/hosts file.

The result: I was suddenly able to login (about 01:00 last night) and immediately withdrawed 0.4 of my BTCs to my btc-e account with the message you all know "it takes up to 36 hours...blabla"

Now the point, that might give some of you hope:

In the morning at 6:00 i watched my btc-e account and -> THE 0.4 BTC had arrived.

So, if they were scammers, why would they perform ANY withdraw??

Strange indeed. I received 1.4 BTC from btc-arbs YESTERDAY. If it was to shut it off would make no sense.
newbie
Activity: 15
Merit: 0
111.90.150.219
did the tracert on the IP and it's connecting to the IP so it's still there however when trying to access you still get 500 internal error
member
Activity: 110
Merit: 10
Maybe the scammers got scammed?  Angry I still believe they are legit, but I hope they let their clients know something, asap so we know for sure and know if the funds are safe...
Anyway, i don't like to see the "500 internal server error" much longer...

newbie
Activity: 3
Merit: 0
newbie
Activity: 15
Merit: 0
Hi everyone,

my first post Smiley

I started using btc-arbs just a few days ago with 0.5 BTC. Last night i wanted to see the results of yesterday and saw, that the dns could not resolve btc-arbs.com, so i tried using the ip if found over an old dns lookup table and hardcoded the dns -> ip matching in my /etc/hosts file.

The result: I was suddenly able to login (about 01:00 last night) and immediately withdrawed 0.4 of my BTCs to my btc-e account with the message you all know "it takes up to 36 hours...blabla"

Now the point, that might give some of you hope:

In the morning at 6:00 i watched my btc-e account and -> THE 0.4 BTC had arrived.

So, if they were scammers, why would they perform ANY withdraw??

That's good news. Could you please provide the IP address used for that?
newbie
Activity: 3
Merit: 0
Hi everyone,

my first post Smiley

I started using btc-arbs just a few days ago with 0.5 BTC. Last night i wanted to see the results of yesterday and saw, that the dns could not resolve btc-arbs.com, so i tried using the ip if found over an old dns lookup table and hardcoded the dns -> ip matching in my /etc/hosts file.

The result: I was suddenly able to login (about 01:00 last night) and immediately withdrawed 0.4 of my BTCs to my btc-e account with the message you all know "it takes up to 36 hours...blabla"

Now the point, that might give some of you hope:

In the morning at 6:00 i watched my btc-e account and -> THE 0.4 BTC had arrived.

So, if they were scammers, why would they perform ANY withdraw??
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
I'm keeping my bitcoin in and here's why:

If they are a scam, it would not matter if I tried to withdraw, they'd simply run with it and I'm screwed

If they are an honest business, my money is pretty safe, so withdrawing would not make sense then.



Huh

Withdraw from where?
legendary
Activity: 1106
Merit: 1005
I'm keeping my bitcoin in and here's why:

If they are a scam, it would not matter if I tried to withdraw, they'd simply run with it and I'm screwed

If they are an honest business, my money is pretty safe, so withdrawing would not make sense then.

full member
Activity: 237
Merit: 100
The question is, if they were to pull the plug why should they process any withdrawal if they know they're finishing the game tomorrow...


Thats stupid to return any money day before the crush.
Every ponzi ends like this one: suddenly, and without any announcement.
copper member
Activity: 658
Merit: 500
Blockchain Just Entered The Real World
The question is, if they were to pull the plug why should they process any withdrawal if they know they're finishing the game tomorrow...


Every ponzi ends like this one: suddenly, and without any announcement.
full member
Activity: 237
Merit: 100
I've withdrawn all my money yesterday (1.6BTC) before they shut down. The question is, if they were to pull the plug why should they process any withdrawal if they know they're finishing the game tomorrow...

Thus I think there is a chanse they are actually having problems, anyway I'm fine with any result.
newbie
Activity: 12
Merit: 0
I completely agree with the argument you have made.  Technically your analysis is flaweless. The most alarming thing for me is the lack of any other contact points between the staff of the site and the customers of the site.

Yes, the lack of contact is troubling. Fingers crossed, they are too busy focusing on the problem. Just because the worst case cannot be proven at this point, does not make it wrong. Rather than jumping to conclusions, the wisest course of action is to wait and see. If they come back, I personally plan to reward them with more capital. If not, I'm one of the lucky ones who retrieved my initial investment before it was too late. Investments such as this are certainly not without risk. Anyone who risks more on an investment of this than they can afford to graciously lose is a fool, as is anyone who assumes up front it is a scam. With the possibility of reward comes risk. If people can't accept that, they should keep all assets under a mattress in a fortified bunker.

My take is that there are an uncountable amount of potentially lucrative investments. Diversify among a large number of them that are unrelated, and barring an end to all social order, you will do okay. Get greedy, and put everything in the highest return investment you can find, and you run a good chance of losing everything. Like everything else in life, the key is moderation, and emotional equanimity. Investors in anything that panic at the first sign of reversal, or go all in when things look hot, Inevitably buy high, sell low, and lose their shirts sooner or later.

I've made investments where I have lost everything, investments where I've profited 10 fold, and investments that did nothing but languish. The only times I've lost in aggregate is when I've gotten too excited or too scared and over reacted. It's not easy to keep your head when others are panicking. It's not easy to resist going all in on something that looks like a no-brainer, but forcing ones self to do so almost always is the wise decision. I lost a good chunk of money in the 2008 crash, but not as much as some, because I avoided putting everything in stocks. When things crashed, I took the Warren Buffet advice, and bought with both hands to keep myself diversified in the same proportions as I was before the crash. I am far worse off than the minority that timed everything right, but far better off than the majority that panicked. I have a lot more now than I did before the crash.

It all comes down to whether you want a 1 in 10 chance of getting rich quickly vs getting poor quickly, or a 10 to one chance of merely doing very well, vs losing a minor portion of your wealth. I'm no super investor. I've given in to both greed and fear, and generally regretted it. The longer I've been doing it though, the more I've learned to fight those inclinations. In 20/20 hindsight, if I'd gone all in on some investments that paid out 10 fold, I'd be a rich man, but experience has proven to me that the only way to know which investments those are, is after it is too late.

If the site folds, anyone severely hurt should thank them for the lesson in moderation. If it doesn't then hopefully the scare will teach them the same thing. If the site comes back, and anyone becomes rich off from putting too many eggs in this one basket, then if they don't change, they will soon lose it all. Just my opinion.

IMO, Everyone should just dial back the the paranoia, hope things work out, and be prepared if they don't.By jumping the gun, they only make failure of the site more likely, and hurt themselves along with the whole community.
full member
Activity: 237
Merit: 100
Internal Server Error. Seems that ponzi worked?
newbie
Activity: 21
Merit: 0
A few days my arbs account was robbed for 1btc.. And now this......

So much for having faith...
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