Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 51. (Read 276958 times)
June 23, 2014, 05:11:52 PM
.2 BTC partial refund. Thank you
June 23, 2014, 05:11:18 PM
btc-arbs please we need a confirmation that you received our email and you confirm the debt. Why are you not confirming the names in the spreadsheet? We need to know men, try to understand us, we are trying to collaborate with you, but please give us some feedback.
June 23, 2014, 04:59:10 PM
A new refund strategy is being set up that will begin paying smaller refund amounts to a greater number of users, similar to what has been suggested in previous posts. When you receive the first portion of your refund, I will send you a message, informing you that the payment has been sent. You can then expect additional payments to be made until your balance is refunded in full.
This will ensure a more equal distribution of refund payments.
10 partial refunds and 1 full refund were sent today.
This will ensure a more equal distribution of refund payments.
10 partial refunds and 1 full refund were sent today.
June 23, 2014, 04:55:42 PM
Funny story... back in 2011, I had 31 BTC stored at the exchange TradeHill. That site went down and left a very bitter taste in my mouth. But, in early 2013 I finally received all my BTC back, and by then the price was almost 10 times higher than when I "lost" them. Who knows, I might have panic-sold them for $25 each if they hadn't been in lock-down. So, maybe this will be turn out to be a similar situation! 
(...or not, but better to be optimistic than to be saying FML constantly, right?)
still waiting on an email or PM before getting optimistic (...or not, but better to be optimistic than to be saying FML constantly, right?)
June 23, 2014, 01:06:35 PM
Funny story... back in 2011, I had 31 BTC stored at the exchange TradeHill. That site went down and left a very bitter taste in my mouth. But, in early 2013 I finally received all my BTC back, and by then the price was almost 10 times higher than when I "lost" them. Who knows, I might have panic-sold them for $25 each if they hadn't been in lock-down. So, maybe this will be turn out to be a similar situation!
(...or not, but better to be optimistic than to be saying FML constantly, right?)
(...or not, but better to be optimistic than to be saying FML constantly, right?)
June 23, 2014, 12:57:32 PM
I've added my 72.7BTC. From what I have seen this is the largest deposit he had so he shouldn't forget it. I'm glad to see he's doing something about fixing the problem, even if it takes time.
For the record - I don't mind waiting for my coins as the longer btc-arbs has them to trade with, the faster he is able to recoup everyone's money. I'm a long term holder, so I can wait.
I agree and that's' very generous. I wrote to BTC-Arbs a couple weeks ago in private email and told him he could use our 6.53 coins to arb back the losses. The more he pays out the less he has to arb with and the longer it takes to get us refunded. -M For the record - I don't mind waiting for my coins as the longer btc-arbs has them to trade with, the faster he is able to recoup everyone's money. I'm a long term holder, so I can wait.
June 23, 2014, 10:01:23 AM
I've added my 72.7BTC. From what I have seen this is the largest deposit he had so he shouldn't forget it. I'm glad to see he's doing something about fixing the problem, even if it takes time.
For the record - I don't mind waiting for my coins as the longer btc-arbs has them to trade with, the faster he is able to recoup everyone's money. I'm a long term holder, so I can wait.
For the record - I don't mind waiting for my coins as the longer btc-arbs has them to trade with, the faster he is able to recoup everyone's money. I'm a long term holder, so I can wait.
72.7 BTC!! I can imagine you were making quite the profit! On those nice 2.5% days you must have been pulling in over 1.5 btc daily!
Hope you get it all back.
June 23, 2014, 10:00:31 AM
pletharoe, My hat is off to you for your unselfish gesture. What you say does make total sense RE: using your funds to invest. I must say it's refreshing to run into someone like you. Thanks!
June 23, 2014, 09:47:00 AM
I have been carefully considering all of the suggestions posted in this thread and will be implementing a variation on what has been suggested. Details will be posted this week. For now, more refunds have been sent.
It is also clear that some users do not understand the refund process. The refund amount is not the total amount including earnings. It is the total amount originally deposited minus any withdrawals.
It is also clear that some users do not understand the refund process. The refund amount is not the total amount including earnings. It is the total amount originally deposited minus any withdrawals.
For my part, I understood very well, so, just send the capital invested .... I expect a good resolution, whatever, the important thing is to get something ...
June 23, 2014, 08:49:32 AM
I've added my 72.7BTC. From what I have seen this is the largest deposit he had so he shouldn't forget it. I'm glad to see he's doing something about fixing the problem, even if it takes time.
For the record - I don't mind waiting for my coins as the longer btc-arbs has them to trade with, the faster he is able to recoup everyone's money. I'm a long term holder, so I can wait.
For the record - I don't mind waiting for my coins as the longer btc-arbs has them to trade with, the faster he is able to recoup everyone's money. I'm a long term holder, so I can wait.
Wow 72.7??? Is that your original deposited amount or does that include some of the profits?
June 23, 2014, 08:17:07 AM
Wondeirng, if arbitrages is doing so well. why not reopen the investment program?
maybe with some more help of the initial investors we can make this a legit business...
maybe with some more help of the initial investors we can make this a legit business...
There is already investment program, take a look at my signature. They have been online for about 8 months and everything works great. HOWEVER, make sure you do your research before investing, I cant be responsible for your investments. I have been with them for over 3 months, 4 weeks until I reach full ROI, I do not compound, withdraw every day. To avoid being my referral, just erase the referral part from the link, this is not about me getting refs for that program, just sharing options with you cause I was hurt by BTC arbs as well, fortunately nothing major compared to some other guys.
June 23, 2014, 07:13:57 AM
I've added my 72.7BTC. From what I have seen this is the largest deposit he had so he shouldn't forget it. I'm glad to see he's doing something about fixing the problem, even if it takes time.
For the record - I don't mind waiting for my coins as the longer btc-arbs has them to trade with, the faster he is able to recoup everyone's money. I'm a long term holder, so I can wait.
For the record - I don't mind waiting for my coins as the longer btc-arbs has them to trade with, the faster he is able to recoup everyone's money. I'm a long term holder, so I can wait.
72.7 BTC!! I can imagine you were making quite the profit! On those nice 2.5% days you must have been pulling in over 1.5 btc daily!
Hope you get it all back.
June 23, 2014, 06:27:50 AM
I've been number crunching.
The average daily return was 1%.
It has been 25 days since the first refund (30th May)
Total refunded so far is 14.19BTC
So I reckon that the initial balance they have to work with is 11.065BTC. Calculated as follows:
11.065*1.01^25 = 14.19
principal * (1+interest rate) ^ number of times compounded
People getting immediate refunds makes it take longer for everyone. As gise87 says in his spreadsheet, at the current rate of return, it will take until mid January 2017. That's 2.5 years!
If we allow them to keep the funds and compound the interest then:
11.065 * 1.01^396 = 569.14
So that's 396 days... just over a year. Much better than 2.5.
Just a thought.
The average daily return was 1%.
It has been 25 days since the first refund (30th May)
Total refunded so far is 14.19BTC
So I reckon that the initial balance they have to work with is 11.065BTC. Calculated as follows:
11.065*1.01^25 = 14.19
principal * (1+interest rate) ^ number of times compounded
People getting immediate refunds makes it take longer for everyone. As gise87 says in his spreadsheet, at the current rate of return, it will take until mid January 2017. That's 2.5 years!
If we allow them to keep the funds and compound the interest then:
11.065 * 1.01^396 = 569.14
So that's 396 days... just over a year. Much better than 2.5.
Just a thought.
If he really only has 11 BTC to work with, he really messed up bad. Losing 500+ BTC, how is that even possible?
I think, the only way to refund all users in one batch in about 1 year is only possible with clear communication and transparency
June 23, 2014, 05:58:17 AM
Wondeirng, if arbitrages is doing so well. why not reopen the investment program?
maybe with some more help of the initial investors we can make this a legit business...
maybe with some more help of the initial investors we can make this a legit business...
June 23, 2014, 05:06:21 AM
I've been number crunching.
The average daily return was 1%.
It has been 25 days since the first refund (30th May)
Total refunded so far is 14.19BTC
So I reckon that the initial balance they have to work with is 11.065BTC. Calculated as follows:
11.065*1.01^25 = 14.19
principal * (1+interest rate) ^ number of times compounded
People getting immediate refunds makes it take longer for everyone. As gise87 says in his spreadsheet, at the current rate of return, it will take until mid January 2017. That's 2.5 years!
If we allow them to keep the funds and compound the interest then:
11.065 * 1.01^396 = 569.14
So that's 396 days... just over a year. Much better than 2.5.
Just a thought.
The average daily return was 1%.
It has been 25 days since the first refund (30th May)
Total refunded so far is 14.19BTC
So I reckon that the initial balance they have to work with is 11.065BTC. Calculated as follows:
11.065*1.01^25 = 14.19
principal * (1+interest rate) ^ number of times compounded
People getting immediate refunds makes it take longer for everyone. As gise87 says in his spreadsheet, at the current rate of return, it will take until mid January 2017. That's 2.5 years!
If we allow them to keep the funds and compound the interest then:
11.065 * 1.01^396 = 569.14
So that's 396 days... just over a year. Much better than 2.5.
Just a thought.
You don't know that he is paying back everything earned. It could be he is building already stake. Also 1% return per day probably is too high.
June 23, 2014, 04:14:32 AM
I've been number crunching.
The average daily return was 1%.
It has been 25 days since the first refund (30th May)
Total refunded so far is 14.19BTC
So I reckon that the initial balance they have to work with is 11.065BTC. Calculated as follows:
11.065*1.01^25 = 14.19
principal * (1+interest rate) ^ number of times compounded
People getting immediate refunds makes it take longer for everyone. As gise87 says in his spreadsheet, at the current rate of return, it will take until mid January 2017. That's 2.5 years!
If we allow them to keep the funds and compound the interest then:
11.065 * 1.01^396 = 569.14
So that's 396 days... just over a year. Much better than 2.5.
Just a thought.
The average daily return was 1%.
It has been 25 days since the first refund (30th May)
Total refunded so far is 14.19BTC
So I reckon that the initial balance they have to work with is 11.065BTC. Calculated as follows:
11.065*1.01^25 = 14.19
principal * (1+interest rate) ^ number of times compounded
People getting immediate refunds makes it take longer for everyone. As gise87 says in his spreadsheet, at the current rate of return, it will take until mid January 2017. That's 2.5 years!
If we allow them to keep the funds and compound the interest then:
11.065 * 1.01^396 = 569.14
So that's 396 days... just over a year. Much better than 2.5.
Just a thought.
June 23, 2014, 03:49:28 AM
Thanks for keeping the spreadsheet up to date. I emailed [email protected] at 06:14 on 23rd June.
I've only just posted because I gave up hope. I've only recently re-checked the message board and found that there is hope!
Do we have any idea how many BTC they have to work with at the moment? If we know that and know that historically they returned 1% per day, then it would be possible to estimate how long it will take to refund everyone.
I am happy to delay my refund so they have more funds to 'play' with in order to get other people's refunds sooner.
I've only just posted because I gave up hope. I've only recently re-checked the message board and found that there is hope!
Do we have any idea how many BTC they have to work with at the moment? If we know that and know that historically they returned 1% per day, then it would be possible to estimate how long it will take to refund everyone.
I am happy to delay my refund so they have more funds to 'play' with in order to get other people's refunds sooner.
June 23, 2014, 03:02:40 AM
I've added my 72.7BTC. From what I have seen this is the largest deposit he had so he shouldn't forget it. I'm glad to see he's doing something about fixing the problem, even if it takes time.
For the record - I don't mind waiting for my coins as the longer btc-arbs has them to trade with, the faster he is able to recoup everyone's money. I'm a long term holder, so I can wait.
For the record - I don't mind waiting for my coins as the longer btc-arbs has them to trade with, the faster he is able to recoup everyone's money. I'm a long term holder, so I can wait.
Wow, 72 Bitcoins. Why did you wait so long before posting here? I only had half a bitcoin in here but I still checked this thread every day, lol.
We maintain our own google docs spreadsheet to keep record of the refunds, I have added your details, could you please check and update them? The list is located at:
https://docs.google.com/spreadsheets/d/1lSUi0_1bqe0sv5XI4EvXWPcWI7fwnJbFQY-kMsYxp10
The list is -again- sorted to show the top amounts first, If you can't find your name on the list, please lookup your entry at the amount BTC owed.
I think it is indeed good to remind people that only the refund program does not cover any gains/interests, only the amount of bitcoins deposited minus the amount already withdrawn (if any)
With the addition of the 72 BTC of pletharoe and the 27 BTC of vilepickle, we are now closing in to 600 BTC total
June 23, 2014, 12:40:45 AM
I've added my 72.7BTC. From what I have seen this is the largest deposit he had so he shouldn't forget it. I'm glad to see he's doing something about fixing the problem, even if it takes time.
For the record - I don't mind waiting for my coins as the longer btc-arbs has them to trade with, the faster he is able to recoup everyone's money. I'm a long term holder, so I can wait.
For the record - I don't mind waiting for my coins as the longer btc-arbs has them to trade with, the faster he is able to recoup everyone's money. I'm a long term holder, so I can wait.
June 22, 2014, 05:19:41 PM
Added my amount to be refunded to the spreadsheet in the main thread. Quite a bit of coin for me so it will affect the amount not refunded yet.
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