Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 168. (Read 277012 times)

Today's result was posted after midnight Switzerland time, they will have to manually adjust it like Saturday's result. The report on today's action on the exchanges is absolutely right, the spread between BTC-e and Bitstamp got really wide for quite a while. I almost expected a larger result today, but because it's Sunday I expect they have funds tied up in wire transfers. I watch the markets like a hawk all day, so I usually have a pretty good idea of what was possible, given past results. I am always trying to catch a whiff of anything that doesn't match up with what I observed. So far, the times I didn't see a result that I expected could be explained by the movement of fiat, which is painfully slow and is the limiting factor in arbitrage.

As for the comments about meeting with industry leaders and exchange-runners, it's not that implausible. Particularly if they are actually in Switzerland, which is a massive global financial hub...a lot of Bitcoin entrepreneurs are there. BTC-Arbs is not trading a trivial amount of Bitcoin and we don't know who their investors were prior to starting the website. There's a lot we don't know about how connected these guys are.

I also don't think it's implausible that the market is being manipulated, at all...I have felt this for a long time. Today I have watched the price recover to the high $400s, and then get slapped back down $50 by a single sale of over 1200 Bitcoin. That's no accident.

I would have liked to have seen a bigger result today, given the spread that existed, but because it's Sunday and I don't know what the status of their money movement is, I can't exactly complain. We haven't cracked 2% that often this month.

My comment about the bot was a poor attempt at humor.   This thread is really uptight.   

Inb4 they meet with the bitcoin owner.

Something  isnt sitting right with me on there latest  statements.  I  pulled out my  initial investment.  Only have  interest. 

They've posted results after midnight before, but I don't think this happened then.  Although if there was a bot and it had a problem, they would probably have fixed it and not let the same thing happen again.

Also, from their report on the 30ths interest they say:
Anyone believe this?  Heard anything about this from the "industry leaders"?  This looks fishy to me.  It would also be interesting for someone to go through their reports and see if the reports match up with each other and with what happened in the markets. 

Is this the beginning of the end?  Or not?  Anyone thinking of getting out now?

It's because both times they posted the result after midnight.

And did it again!   Maybe it is a bot.

They corrected it.

Daylight savings probably messed up the script. 

Probably a mistake because the note on the 30th says Saturday.

No interest on 29th? Oo

Although technically arbitrage trading isn't really speculating, it doesn't matter what Bitcoin's price does as long as there's a spread between the exchanges to take advantage of. The larger their pool of funds, the more trades they can do to take advantage of the spreads. I suspect that since they claim to have been doing this for a year before opening to the public, and months before that as a private group of investors, I imagine that they have the funds to continue whether web-based investors are there or not...hence the open withdrawal policy.

Exactly !

I did not know that.
Thanks for the link going to read some more.


To have reserves. Which is logical if they want to speculate with it.

That is actually a new trend in the HYIP arena right now. Check on money-news-online.com one of the most prominent HYIP pushers around. Many HYIPs using this feature recently, thinking it makes them more credible. btc-arbs.com is of course listed there as well. What they forget is that each and every real investment company has of course a lock-in period of deposited funds, giving them planning security. Have you ever wondered why your bank is locking in funds other than for you current account?

Another remark the usual HYIP don't allow withdrawal of the primary investment. Once you invest it gone and you can only withdraw the daily/hourly profits.

That is what I like about btc-arbs you can withdraw your primary investment anytime.

My history so far with btc-arbs.com

Date    Message
27/03/2014 19:46    Your investments have earned you 0.0073 bitcoins
26/03/2014 16:26    Your investments have earned you 0.0039 bitcoins
26/03/2014 00:38    Your investments have earned you 0.0036 bitcoins
24/03/2014 19:34    Your investments have earned you 0.0039 bitcoins
24/03/2014 19:28    Bitcoin withdrawal for 4.0000 bitcoins completed [Ref: *]
24/03/2014 13:24    Bitcoin withdrawal request for 4 bitcoins
23/03/2014 19:10    Your investments have earned you 0.0225 bitcoins
22/03/2014 23:03    Your investments have earned you 0.0322 bitcoins
21/03/2014 21:59    Your investments have earned you 0.0563 bitcoins
21/03/2014 00:21    Your investments have earned you 0.0688 bitcoins
19/03/2014 22:30    Your investments have earned you 0.0298 bitcoins
18/03/2014 22:03    Your investments have earned you 0.0177 bitcoins
17/03/2014 21:53    Your investments have earned you 0.0649 bitcoins
16/03/2014 22:04    Bitcoin withdrawal for 0.1299 bitcoins completed [Ref: *]
16/03/2014 21:02    Your investments have earned you 0.0584 bitcoins
16/03/2014 16:30    Bitcoin withdrawal request for 0.1299 bitcoins
15/03/2014 18:31    Your investments have earned you 0.0327 bitcoins
14/03/2014 17:08    Your investments have earned you 0.0465 bitcoins
14/03/2014 14:22    Bitcoin deposit for 4.0000 bitcoins completed [Ref: *]
13/03/2014 21:25    Your investments have earned you 0.0002 bitcoins
12/03/2014 21:37    Your investments have earned you 0.0005 bitcoins
12/03/2014 16:40    Bitcoin deposit for 0.0500 bitcoins completed [Ref: *]
12/03/2014 09:48    Account created

I'v very satisfied with the result.

You will notice the delay for the withdrawal is about 6 hours.

the fact that they are not giving any information on who they are is still a big reason i think they are not legit, even though i know you can easily make those kind of profits with arbitrage.

Well I put in less than 1 BTC and now I have more than 1 BTC there.

The longer they exist, the higher the risk they could dissappear surprisingly.