Every ponzi is a scam i would say there is no real thing as ponzi and yeas this is a scam as well .
The only difference is some pay at the start to gain the trust of the community and when they have enough coins to live a year happy they just fades away in the winds while others just be honest in what they are meant to do and never pays off.
Topic: Ignore. (Read 2238 times)
I had money on there for a week and got 10% ROI. But I was sketched out by the other thread detailing it as a ponzi. I have since withdrawn all my BTC from it and plan to not use it again. I'd rather make money by the exchange or by holding it longterm than to gamble it away on a site.
Seems suspect to me. I wouldn't be putting money there.
scammm, hold your btc ^^
onehandredpercent Ponzi SCAM
Hello, people, there is a hot thread on this forum about btc-arbs, click on EXCLUSIVE INFO. on my signature space.
No thanks mate, will pass
Once bitten twice shy...
Once bitten twice shy...
I'm pretty sure it's a scam, but u can try invest some btc and wait what gonna happen.
Almost certainly a Ponzi scheme
The returns make no sense, common sense is indicated
The returns make no sense, common sense is indicated
Good day traders can make a huge % in 6 months to a year, with some risk but it's worth it.
With a heck of a lot of risk in many cases.
Also... I think a day trader is most commonly defined as "good", based on the average rates of return/risk they made vs the market.
So you don't necessarily know that a day trader is good in advance. You figure that out later, based on what averaege % return they had :-)
Then for every good day trader, there are plenty of not so good ones.... plenty of good traders in 2007 who did not seem so hot in 2008, etc, etc.
no name or reference = not trustable imho.
there are better alternatives.
there are better alternatives.
Has anyone used BTS Arbs? They are claiming that they give .1% - 10% interest daily on all cash or BTC deposits (snip)
Ah... Stop right there at the claim of high yield. If someone tells you that you can earn a daily interest rate, the first thing to do: is convert that to an annual rate.If that annual rate is higher than treasury yields <1%, and they tell you it is risk-free, then they are lying.
They aren't backed by the full faith and credit of a government, they can't be risk free and yield more.
If the annualized claimed rate is higher than the return mainstream companies could expect <7%, then risk is sure to be very high.
There is some reason they could not take advantage of this themselves, or sell to institutional investors at a high premium, that would capture the extra return from themselves: instead of having to make a claim to pay someone like YOU an astronomical rate...
In this case, the annual rate is about 37%, at the low end.
So if the BTS Arbs are claiming a return like this and not telling you that there is a very high chance of losing all money you put in and maybe more --- then there is really no option other than "definite scam".
Good day traders can make a huge % in 6 months to a year, with some risk but it's worth it.
Has anyone used BTS Arbs? They are claiming that they give .1% - 10% interest daily on all cash or BTC deposits (snip)
Ah... Stop right there at the claim of high yield. If someone tells you that you can earn a daily interest rate, the first thing to do: is convert that to an annual rate.If that annual rate is higher than treasury yields <1%, and they tell you it is risk-free, then they are lying.
They aren't backed by the full faith and credit of a government, they can't be risk free and yield more.
If the annualized claimed rate is higher than the return mainstream companies could expect <7%, then risk is sure to be very high.
There is some reason they could not take advantage of this themselves, or sell to institutional investors at a high premium, that would capture the extra return from themselves: instead of having to make a claim to pay someone like YOU an astronomical rate...
In this case, the annual rate is about 37%, at the low end.
So if the BTS Arbs are claiming a return like this and not telling you that there is a very high chance of losing all money you put in and maybe more --- then there is really no option other than "definite scam".
I've been using it, and promoting it. The opportunity for arbitrage is real, the numbers and deltas are factual. I'm keeping a blog update at http://notnull.org/bitcoin-arbitrage-news/bitcoin-arbitrage-updates/ and in the event I get screwed, which would really only be if they steal and bail, I will certainly be posting. But there is little reason too, there is far more upside to stick around and continue the arbitrage strategy, the difference between the markets is significant, and consistent.
The idea of an annual return, assuming 2% every single day, is huge, but it won't be 2% every day. Yesterday it was 2.28% and a couple days prior it was .4%.
It's just logical math, if it's a scam then the joke's on me, but I sense the trolls are just jealous and so jaded now after Gox that any investment with any promise is too scary to consider objectively.
The idea of an annual return, assuming 2% every single day, is huge, but it won't be 2% every day. Yesterday it was 2.28% and a couple days prior it was .4%.
It's just logical math, if it's a scam then the joke's on me, but I sense the trolls are just jealous and so jaded now after Gox that any investment with any promise is too scary to consider objectively.
It's not just the massive profits they claim to make. It's also the question why do they want to give these massive profits to you? As you said, even a reasonably small investment of their own would allow them to make loads of money for themselves... but for some reason they don't want to do that, and instead give you the guaranteed profits.
I've been using it, and promoting it. The opportunity for arbitrage is real, the numbers and deltas are factual. I'm keeping a blog update at http://notnull.org/bitcoin-arbitrage-news/bitcoin-arbitrage-updates/ and in the event I get screwed, which would really only be if they steal and bail, I will certainly be posting. But there is little reason too, there is far more upside to stick around and continue the arbitrage strategy, the difference between the markets is significant, and consistent.
The idea of an annual return, assuming 2% every single day, is huge, but it won't be 2% every day. Yesterday it was 2.28% and a couple days prior it was .4%.
It's just logical math, if it's a scam then the joke's on me, but I sense the trolls are just jealous and so jaded now after Gox that any investment with any promise is too scary to consider objectively.
The idea of an annual return, assuming 2% every single day, is huge, but it won't be 2% every day. Yesterday it was 2.28% and a couple days prior it was .4%.
It's just logical math, if it's a scam then the joke's on me, but I sense the trolls are just jealous and so jaded now after Gox that any investment with any promise is too scary to consider objectively.
Has anyone used BTS Arbs? They are claiming that they give .1% - 10% interest daily on all cash or BTC deposits held there. I'm testing it out with only a small amount of BTC, but I'm wondering if anyone else has had any experiences with this site? I'm yet to find any negative press about them on the web but I'm super skeptical.
You are super sceptical but give them money? Ok...
I'll copy-paste my reply from a previous scam site thread (the percentage I used seems to fit their claimed numbers):
Quote from: me
All HYIP dudes claim to have a magical formula that allows them to get profits that sounds fantastic. Let's take a daily return of 4% that seems common in the example first commenter provided: With interest invested with the same magic formula that's over 1600000% a year.
So the question you should ask: Which choice would these magic formula owners pick?
So the question you should ask: Which choice would these magic formula owners pick?
- Invest $1000 of your own money. Keep using your magic formula for just one year. Retire on your private tropical island with more than $1.600.000.000
- Build a complex system where small investors can invest money. The system requires a lot of development, so need to hire web developers, customer service people -- and of course legal help because you're handling other peoples money and personal details. On top of that work you are doing all the work in option #1. Almost all of the profit goes to the small investor, you just take enough to make a living. Continue doing this until you are 65, retire to an old folks home.
Can you imagine a non-scam scenario where option #2 would happen?
Has anyone used BTS Arbs? They are claiming that they give .1% - 10% interest daily on all cash or BTC deposits held there. I'm testing it out with only a small amount of BTC, but I'm wondering if anyone else has had any experiences with this site? I'm yet to find any negative press about them on the web but I'm super skeptical.
btc-arbs.com
Let's hear some experiences with this site... If there are any.
%100 Scam i did not say 99.9 btc-arbs.com
Let's hear some experiences with this site... If there are any.
It might be a scam, I do like the site, very professional, much betters than other scammers.
I'm sorry, I really do not think that website is legit.
P-O-N-Z-I
You should edit out your referral link and feel ashamed that you are indirectly (perhaps directly) promoting their scam. Do you honestly believe something that is paying that much interest a day is legitimate? Time and time again people fall for this bullshit.
I just took a look at the website, had quite the laugh.
I just took a look at the website, had quite the laugh.
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