Topic: Do you think BiPolarBob is crazy ?? - share with us the help he gave to you - page 16. (Read 38445 times)

He was tracked down and is in jail now. He's battling it out in court with the SEC. It doesn't look like anyone will be reimbursed, almost all of the funds are gone.

That story was to point out the fact that someone can appear legit and have REALLY good (the best in the bitcoin community) trust/feedback and still be a scammer. The ONLY way to be safe is to question everything and not take unnecessary risk. Feedback/trust ratings and judging someones trustworthiness won't work against a professional conman like PirateAt40.

Anyway I've made my point now. So long as you guys understand your taking risks, feel free to trade with BiPolarBob.

why wont bob sell btc for btc? Like 0.1 for the price of 0.02

now that would be cool.

I'll take 100 BTC for $100.

I could sell you crazy at a discount, before the cash sending rule becomes official 

He was tracked down and is in jail now. He's battling it out in court with the SEC. It doesn't look like anyone will be reimbursed, almost all of the funds are gone.

That story was to point out the fact that someone can appear legit and have REALLY good (the best in the bitcoin community) trust/feedback and still be a scammer.

Geez ForgottenPassword that's a horror story, how come he was never tracked down?

And on /topic: Bob didn't borrow. So what everybody is saying is pure speculation no-one knows his true angle.

If you don't want to take him up on this offer that's fine, thank you for educating others about the "risk", if you've dealt with Bob before though you wouldn't of posted this in the first place.

While that may be the case, lets dive into some Bitcoin history.

There was a user here named PirateAt40. He was the highest rated user by far on http://bitcoin-otc.com (the forum didn't have a trust system back then so this was what most people used for feedback).

He offered an investment scheme where he paid 7% interest a week.

He paid every week on time in full for well over a year. While some people were suspicious of the scheme, their voices were drowned out by the people proclaiming his trustworthiness, pointing to the fact that he always paid on time, was a very good currency trader and his identity was well known.

He even met a few users face-to-face (he paid to have them flown out to meet him in Las Vegas). He also had acquired so many Bitcoins that he was somewhat able to manipulate the Bitcoin price, convincing even more people that he was legitimate as they thought he was a very good trader who was making tons manipulating the Bitcoin price.

He became so successful lots of other trustworthy users began reselling his scheme which lead to all kinds of problems when the scheme met its demise.

He kept this up for over a year, paying on time in full every single pay-day. He did not have any scam accusations or anything - he was completely legit, before he suddenly ran off with all of the Bitcoins he was borrowing via the scheme - which at the time were worth in excess of millions and are probably now worth hundreds of millions.


Moral of the story:

Past performance does not equal future performance.

I really don't get that vibe off of Bob, I've known him since he was a newbie. I wholeheartedly believe that Bob is just someone who's "paying it forward".

If you don't want to take him up on this offer that's fine, thank you for educating others about the "risk", if you've dealt with Bob before though you wouldn't of posted this in the first place.

I know he doesn't just give steam codes, thats what makes me REALLY suspicious. He claims he's buying all the gift cards for cash and giving them away cheaper. Sure he gives away Bitcoin too. He's probably not scamming at all, but the gift cards are probably stolen (purchased with stolen credit card) and he's just giving them away for cheap/free. Go to the freebie section of any carding forum and you'll find tons of rich carders doing the exact same for the lulz, it usually doesn't end up good for the buyers in the end.

^ those are stolen, my stuff isn't. so this doesn't apply

@ForgottenPassword Bob doesn't just do stuff with Steam, he sells all sorts of stuff, and gives away bitcoin a lot of times. He's the one thing on this forum that 100% is NOT a scam

I just googled it. that isn't me, I guess my nickname isn't so original  

I'm here as a fun thing and to make people happy. not to bring people down with my problems. We all have problems. I am just putting a funny spin on mine.

no I fully understand. they would have to remove the digital goods section b/c cash isn't a digital good. but a cash sending service can't involve carding, so everyone stays safe. it is smart I just ask you keep us updated on this

^ it is an interesting idea, is there a site suggestion spot for you to request such a rule? If someone is selling products at discount, they must instead offer a cash sending service. please keep us updated on this because it is an original type of rule.

I just googled it. that isn't me, I guess my nickname isn't so original  

I'm here as a fun thing and to make people happy. not to bring people down with my problems. We all have problems. I am just putting a funny spin on mine.