Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 167. (Read 277012 times)

You don't have to leave just because of pipets.  I don't really think pipets' has a valid point and the reasoning used is rather weak.  

Quote from: Creature13 on Today at 03:53:48 AM
Thank you for your message. A member of our administrative team will get back to you within the next 24 hours.

But no one ever gets back to me. I've listed email address and phone number in the message body. I am getting very unhappy with this situation. If anyone has contact information other than that Contact Us form, please let me know.
There was an email posted a few pages back, I believe it was something like [email protected] or something.  I also sent an contact form with a few questions that was never answered either.

I don't know much about using 2FA, but there is a chance you are doing it wrong?

==========================================================================

Thanks. I will give that email a shot. You are correct. I very well may be doing it wrong. That's why I need help and why I've been submitting forms for weeks.

I'll see if I get any help via email. maybe the form is broken.

Thanks again,
c13

Naw, I don't feel like continually trying to fend off accusations. But yes, rest assured that if something sounds alarm bells for me and I divest, I will post about it.

There was an email posted a few pages back, I believe it was something like [email protected] or something.  I also sent an contact form with a few questions that was never answered either.

I don't know much about using 2FA, but there is a chance you are doing it wrong?


I don't mind if you stay, but if you do leave please at least let us know if you find out/notice anything either positive or negative with proof. 

And there will ALWAYS be suspicion from some with anything related to investing bitcoin. 

All right, well I guess I have overstayed my welcome posting in the thread. I'm not a shill for the site, but since I imagine there will always be that suspicion now, there's no point in posting anymore. Good luck to everyone, however you decide to proceed!

Pardon the interruption....

I have a problem with BTC-Arbs. Everything was going fine until I enabled 2 factor authentication. After that, I was never able to log in again.

I have filled out the CONTACT US form many many times but have never recieved a reply. Upon submission of the form I recieve...

Thank you for your message. A member of our administrative team will get back to you within the next 24 hours.

But no one ever gets back to me. I've listed email address and phone number in the message body. I am getting very unhappy with this situation. If anyone has contact information other than that Contact Us form, please let me know.

Thank you,
c13

And once again the results are a day ahead!

I'm going to withdraw some, at least until they fix the date problems.  And I would definitely put a lot more in if they proved their authenticity somehow.  These guys could easily be legit, but until they prove it I'm going to remain skeptical.

Another thing about their referral earning.  They say they "pay 5% of all daily earnings that are earned by your referrals", but to me it looks like 10% (truncated).  This hasn't matched up just recently, but I might have not heard about one of my referrer's latest deposits. 

EXACTLY! this is what I meant by :

If you don't have anything real to answer then don't.

And just as I post that question, it updates - just my luck!

You don't say "something positive"... You are 100% defending them every single time there is a legit suspicious thing about them. Every time there is a serious argument/reason for them to be a ponzi, you try to make that argument as not important or come up with an explanation.

Has btc-arbs updated for anyone else today? My transaction log says I was paid today (but it's been a day off since the 29th), but my balance has not changed and the results calendar shows no update on the march 31st date.

Well the clarification is, I've never really encouraged anyone to invest and have always cautioned people to only risk what they can lose...I've only posted about my own experience and my own feelings based on what I've seen posted by others. Of course there's no guarantees here. I'm just another "investor" and I fully acknowledge the possibility that it may turn out not to be legitimate. All I can say is, so far my experience leads me to believe it is. I don't have any experience at all with HYIP's or Ponzi schemes, in fact this is the first time I've ever tried something like this...so maybe that's why I'm a little less skittish. I wasn't even aware of the whole HYIP scene until I got involved with this thread. From what I've read, though, often times there ARE warning signs that people just choose not to heed. So far I haven't seen anything like that but the first day these guys publish an update that doesn't jive with what I observed in the markets that day, I'm liable to pull out.

I understand skepticism but it seems that there's such a strong desire for evidence that this is a ponzi scheme that anyone who has something positive to say about it is put under suspicion of being "in league" with BTC-Arbs somehow...which I'm not. I don't really have anything to gain or lose here by convincing you either way, so it's up to people to use their own good judgment on whether or not to invest in it. In fact, if you are not secure with risk, I'd advise you not to.

At any rate, take what I post for what it's worth and if you feel suspicious, don't invest with the site. The last thing I would want is if things DID go bad, people would try to track me down as though I had something to do with it. Considering that thought, I think I'll remove the link from my sig file.

My 'accusation' has nothing to do with affiliates. I am just putting out the possibility that you might be part of the hyip, or someone who is trying to take advantage of it. You know the amount you make on hyip is coming from other players. If btc-arbs is really a hyip, then it would perfectly be in your interest to advertise btc-arbs, defend its image and invite as many people as you can.

The fact that you never had issues in withdrawals and deposits, again as I mentioned before, doesn't mean anything. I never had any issues, I don't think there is even a single issue reported (that is still unresolved) by anyone. This doesn't mean anything because this is what exactly a hyip would do. And the fact about accurate descriptions of daily trades - common man, I am sure somebody like YOU can write it up easily (anyone who is "obsessed" with markets). Also I have checked your post history weeks ago, and again the fact that you've been posting about asics doesn't imply anything against my suspicion.

The important fact about hyip is - they don't give off big or small signs here and there and then disappear (of course unless they're idiots), they just simply disappear, without any warnings. So obviously it is pointless to look for signs, if they are really hyip, when the moment comes it will already be too late, nobody will be able to get their btc back. I hope you would agree with me 100% on this, but I am puzzled by the fact that if you're such an honest person as you say, why would you defend them by writing so many long posts filled with bunch of cloudy "facts" that mean nothing.

You also say that you've invested a lot and check posts here often because you're scared as well. This is just the same two-way logic, as it also fits perfectly with my suspicion. Of course you don't blatantly say that there is no risk involved, and aggressively encourage everybody to invest. You seem to know the limits very well. I hope for anybody readying this thread from the start, your posts are clearly standing out, in a thin line spreading hope and trust with bunch of two-way cloudy 'facts' - indirectly promoting btc-arbs. Basically, when I imagine myself operating a hyip, or as somebody who is trying to take advantage of it, you do things as almost exactly as how I would do it. So when you say "trust me bla bla, honestly bla bla" - no I can't trust you at all.

All this is just my humble opinion, I could very well be wrong accusing some ballsy innocent heavy investor.

Honestly I'm not...you can check out my history of posts on bitcointalk, I have been active elsewhere far before I came to this thread (mostly the Lightning ASIC Gridseed forums, as I mine with that hardware). I have had money invested with BTC-Arbs for a month now and have had no issues...I watch the markets all day at work (I'm kind of obsessive about it) and so I generally know what I should see out of the BTC-Arbs update. Trust me, I'm always looking for the "sign" that things are not on the up and up. So far I've withdrawn Bitcoin about 3-4 times, never an issue doing so, and I've deposited 4-5 times and it's always been credited correctly and within a reasonable timeframe. I keep a spreadsheet of my reported returns for each day and the percentage I'm paid always matches what was reported as the day's result.

I visit this thread every time it's updated to see if anyone else has a complaint that will cast doubt upon the site's legitimacy. I'm pretty heavily invested in it, far more than what I've seen posted in this thread...so yes, I want an early warning sign if things aren't legitimate.

I've also been active for a long, long time (with this username) on StockTwits, primarily in the Bitcoin threads...and had posted a few times there about my "experiment" with BTC-Arbs for the first week. You won't see any posts from me anywhere but that few times on StockTwits and in this thread, about BTC-Arbs. After it was successful, I started Google searching for more information about the site and found this thread. I'm unconvinced by the "evidence" presented that because they're using a commercially available website script that matches a former scam site, that they must also be one. I feel like that's the same as someone using the same Wordpress template as a scam site and being accused of being the same person as the scammer.

Anyway, I defend it not because I'm trying to convince anyone to put money into it, but because I believe in it and just want to offer the perspective of someone who has been invested for a month now and has had zero issues, whatsoever. I consistently encourage everyone to take it for what it's worth, only invest what you're comfortable losing and be responsible. If you're comfortable with risk, though, it can really put your Bitcoin to work for you.

And if there's some worry that I'm just "shilling" to try and get affiliates...trust me, the income from that is pennies. Of ten signups, only three actually invested anything and only one has invested more than 1BTC. I don't promote it for the affiliates, I promote it because it's yielded an excellent return for me over the last month and I want to encourage people with some appetite for risk to give it a try. I totally acknowledge that there's a chance it's an HYIP, but if it is...they are doing a phenomenal job of convincing me that they're actually conducting arbitrage trading. I don't feel that because HYIP sites have listed it, that is a smoking gun that "proves" it is one...just that it attracts people who want a high return on their investment.

You put 2.6 BTC into something you considered to be unsafe??? WTF??

I have been watching this thread from day 0.

And now Ive got registered just to post following:

by now I have very little doubt that this FreeJack2k2 dude is in someways related to btc-arbs. In the early days I used to think of him as an honest person trying to weigh in all sides of the argument, but if you read just his posts from day 0, you'll see that whenever people express their doubt and confusion about btc-arbs, he would jump in right away to defend them 'viciously'.
Maybe he is not really affiliated to btc-arbs, but then he is probably someone who has some amount of btc there and want to encourage people to join this hyip, so that he can steal more from the others.

I know that there is not a single issue reported on btc-arbs so far. I guess this gives confidence to some, but if you're a sane person then you clearly know that this fact doesn't mean ANYTHING. The bottom line is, there is NOT a single solid fact that is clearly demonstrating that btc-arbs is not a hyip.

Saying all this, by no means I am clean myself. I have put 2.6btc 2 weeks ago and pulled it out today at 3.01btc.

I could be wrong, but it could serve someone as a warning to take his posts with a grain of salt. just my 2 cents.

BTC-Arbs claims to be in Switzerland, not Sweden

Regardless, we don't know WHO the "industry leaders" were, we don't know which exchange-runner(s), etc... But considering he's talking about China's reaction, I would guess that they talked to Bobby Lee, who's the most open and available guy to speak with on the topic. Let's also not forget that Coinsummit just happened, so it's possible someone from BTC-Arbs was in attendance and talked to some people there. Who knows. It's kind of irrelevant, to me.

There's definitely a caste system right now and the machinations at the top are not something that most people are aware of...but these markets ARE manipulated on the exchanges, it should be pretty clear to anyone who's been watching them for a while. If you listen to Bobby Lee talk about the behavior of Chinese exchanges in padding their volume numbers, it's kind of easy to start seeing how the complete lack of any regulations has created a heavily manipulated system.

The day-trading "whales" hold a disproportionate influence over the market, which doesn't have a ton of liquidity to begin with. Any bad news out of China is a chance for them to incite a sell-off...and they do, every time. When you sell even 1,000 bitcoin, you can drop the market by $50-$100 depending on volatility. Then they'll wait out the panic sell and buy back in heavily at the bottom and suddenly confidence is restored. It happens every time.

So I don't discount what they're saying in the update, because it's still plausible.

To again play devil's advocate, more and more crypto companies are choosing to locate in Sweden. Ethereum recently announced they're headquartering there.

The part regarding market analysis is correct, no issues there. The other part about that meeting with industry leaders, hm, that is at best a very bad marketing effort. Please, they are not Microsoft, now I am even more cautious.