Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 171. (Read 276958 times)

Sure I did.
I send an e-mail to the admin@ today also.

This might be a dumb question, but did you check in the support ticket on the site? The first time I sent a support request, I was expecting an email reply, but actually got one on the site within the support ticket. Just thought I'd mention it...

I've made a second deposit 2 days ago, but probably I forgot to press 'confirm' at the site (I don't remember). The amount never showed up under my balance. I sent a ticket two times, got no response.

Honestly I'd be happy with 0.1% daily. But I'm going to need more assurance before I leave significant funds somewhere with big question marks.

I am not bothered by them taking 20% of the profits as they are doing 100% of the work. As long as it continues to be profitable, I'm fine.

Don't expect a whole lot today unless they managed to get some opportunities on the smaller exchanges. BTC-e and Bitstamp have been neck and neck all day.

A red flag he was so evasive -- what do you mean by "eventual"? Meaning that they took a long time to respond at all, or you had to ask repeatedly to get an answer?

So either they're making money hand over fist and didn't want to admit how much they could be making... Or the whole thing is, in fact, some sort of elaborate scam.

Only time will tell I suppose.

Had no problem logging in myself.

Anyone else having problems logging in? I tried logging in today (after successfully logging in yesterday - with 2-factor auth) and can't get in. Tried resetting my password but I don't get a confirmation that an email is sent and either it isn't being sent or is taking for ever.... ugg. I've checked and double-checked my login  - i've logged in repeatedly before this morning without problems, so I know I'm not typing in the wrong info.

That is pretty much what I expected.   That is why the don't mine dealing with small accounts.

Hi guys, FYI
I couldn't find any fees listed so I asked them how they actually made money.
The eventual response was they take 20-25% of the total profit before paying out.
So if it was 1% we would get 0.75%

It more or less reiterates the risk factors we've talked about in the thread, mainly that they use Whoisguard to protect the details of their domain registration. They say that it's been reported as untrustworthy and they've detected negative online feedback for it, but they don't give any references or links to explain it. Says it's been given a low reliability rating by other websites, so I'd be curious to know who those other websites are.

I've done a lot of searching online about the site and so far, I haven't seen any serious complaints. Everyone has been able to withdraw, people usually get prompt responses from support inquiries on the site. I guess I'd like it if these guys would do more to substantiate the negative rating, in terms of pointing out the negative feedback and which sites have called it untrustworthy.

I agree that using the Whoisguard service to disguise registration details would tend to make users nervous, I'm not totally comfortable with it...but I keep going back to BTC-e and how anonymous that site is, yet it is responsible for a huge amount of the daily trading in crypto-currency and people trust it because of longevity. BTC-arbs is new, so there's a healthy amount of distrust out there about it...but so far, so good is my attitude.

Not really, bunch of sites are anonymous for tons of reasons, especially when dealing with a lot of cash. It is new, that also means nothing.
If they don't close down withing a month or two, it should be OK.

does this mean anything?

http://www.scamadviser.com/check-website/btc-arbs.com

I think that not being able to keep your deposit and interests in BTC is even larger issue.  For example, you deposit 1 BTC and the price goes up from $600 to $1200 in the meantime. That is $600 loss, it would take a year to recoup that via their service. I know some people are gonna say what if BTC goes down? Well, if you believe BTC price might go down and stay down, why do you visit this forum at all?

As I read their materials, you commit the principal amount for a designated period of time, though I think you can withdraw the interest at any time. I haven't tried that one yet, so far I prefer the freedom of btc-arbs, but would like to diversify as well...

Term agreement? You mean not being able to withdraw whenever you like?

The sites being registered in Panama is because they are both using the same firm to keep their registration information private. It looks like there's a third party company apparently based in Panama that will administrate your domain registration for you, thereby keeping your personal details private.

I have observed that the daily profit updates on BTC-arbs are generally done in the afternoon, PST...which ends up being late in the evening, Switzerland time. Some days, they update the day's profits earlier, some days later, but it's always in the evening, Switzerland time. So to me, the timing jives with them being in that part of the world. Whether or not they're actually in Switzerland, I don't know - but the timing jives.

I looked at that BTC Trader site too, seems legit but I don't like being locked into a term agreement.

I was able to successfully withdraw 2.5btc with no issues...


https://btc-arbs.com/referral/jcaferjr

Exactly! I hope BTC-Arbs releases some more info about their operation soon as I will certainly put some BTC with them as well. Diversification is essential!

Crazyivan - Good point, Bitcoin Trader does convert to fiat so that is good or bad depending on how you look at it... you are both protected and excluded from BTC price swings.

Both sites are registered in Panama???