Author

Topic: investment losses (Read 1556 times)

legendary
Activity: 1470
Merit: 1001
February 04, 2017, 03:33:41 PM
#36
Its important to look about the website (and company information, legal status, from witch country are they operating, ...) before to invest to avoid this problems. Once they run off, if it wasn't a legal company its very difficult to recover anything.
newbie
Activity: 42
Merit: 0
February 04, 2017, 11:00:55 AM
#35
You can profit in longterm ONLY if you do it the right way. And the right way can be harsh for some people.
sr. member
Activity: 476
Merit: 254
February 04, 2017, 09:39:08 AM
#34
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,

This is really a serious issue and in this case, the money is gone and the stress in recovering, might be more than the amount needed to  recover in terms of cost but at the same time its possible to recover it if the agreement you both signed given room for a party to indemnify another party then it can be enforced and if you have the financial resources to push it and the amount involved is large, then you push for it and you can recover such amount. But enough due diligence would have solved this.
legendary
Activity: 1554
Merit: 1054
February 04, 2017, 09:30:47 AM
#33
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,

I think theres nothing we can do about it, Let us admit to ourselves that we made a wrong decision and learn from our mistakes.  Because by recovering the investment it will be hard to do it especially if the contact person is disappeared.
The problem with investment is that you can’t trust that they are going to get your money back if something happens to the investment site, that is why you should never trust new investment sites because in my opining all the new ones are trying to scam people.

Whenever you want to put your money into something you have to look for the reviews and the date of the foundation of the company, if it has good review and it is old then you can trust it otherwise stay away from it.
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
February 04, 2017, 05:10:53 AM
#32
If online casino isn't legal and they have no contact information and their domain is whois protected, then if they'll dissapear, you can to do nothing against them. In real and legit casino, if they are experiencing huge losses (Which isn't happening in most cases) than they have to announce this and let users to withdraw money, for example in one week.
hero member
Activity: 924
Merit: 500
February 03, 2017, 01:23:07 AM
#31
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,

I think theres nothing we can do about it, Let us admit to ourselves that we made a wrong decision and learn from our mistakes.  Because by recovering the investment it will be hard to do it especially if the contact person is disappeared.
hero member
Activity: 3136
Merit: 635
DGbet.fun - Crypto Sportsbook
February 02, 2017, 06:05:03 PM
#30
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?

You can't do anything about it, since you haven't provided any information upon investing to that gambling site so do the owners doesn't.

It's your responsibility that before investing, do some research about the site that you are going to invest.

What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?

What do you mean by who are not responsible for it? You both parties are responsible for that investment and there's no way to recover it unless
the site will give back the investments voluntarily.

whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,

If you was able to caught up with hashocean they did the same situation as you are saying and there's no report on that case now or I haven't seen some of any updates with their victims/investors.
hero member
Activity: 1176
Merit: 509
February 02, 2017, 05:11:18 AM
#29
I pity you my brother! You cannot get back what you have invested on that online site! It will be difficult to arrest the scammer especially if it is online and you have no agreement whatsoever and also he is in another country! It should be a lesson for you not to trust easily especially if there is money involve!
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
February 02, 2017, 04:57:06 AM
#28
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,
you  should calculate your risk before investing in  any online investment platform. There isaaaaa no any online regulatory body that can safeguards your investment from scammers. Escrow could have been an option but most of them have been bought up by those investment sites. So you should calculate your risk before your investment your hard earning to a scheme you don't have control over.

it is true and with analyze the risk, we can know how good the investments that we want and we can spend in small or medium money so if something bad happen, we can minimize the loss. but if the case is like the OP said, then the investor can not doing anything because by who we can ask the responsibility? we don't know nothing with the investment sites and we can not ask for refund. so once again, before we make investment, there is many thing that we should know and we should take the time to learn the investment.
sr. member
Activity: 924
Merit: 260
February 02, 2017, 03:58:24 AM
#27
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,
you  should calculate your risk before investing in  any online investment platform. There isaaaaa no any online regulatory body that can safeguards your investment from scammers. Escrow could have been an option but most of them have been bought up by those investment sites. So you should calculate your risk before your investment your hard earning to a scheme you don't have control over.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
January 28, 2017, 12:02:22 PM
#26
Gambling it's risky for itself at first place and I wouldn't actualy call it investment. But if you do gambling and get into the situation that you have described it actualy depends on this site, how legal and honest it is and how it treats customers. If they are legitimate and responsible they should cover at least the part of your losses but otherwise you only have the legal battle which could be very long and the question is how it will end.
hero member
Activity: 1764
Merit: 505
#SWGT PRE-SALE IS LIVE
January 28, 2017, 10:45:15 AM
#25
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,


at the first place bitcoin is anonymous and it wasn't been legalized by the government since some of them though that bitcoin is a illegal money thats why it cannot become legal, aswell as it is your responsibility to research wider before investing on any of those so that the loss what you said will be avoidable, bitcoins will face a hard struggle if you think it will become a legal currency nor adopted by the law.
hero member
Activity: 2898
Merit: 529
Leading Crypto Sports Betting & Casino Platform
January 28, 2017, 10:29:02 AM
#24
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
I can't do anything. 
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
Try the other chance to recover his lost funds.
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,

Bitcoin isn't the legitimate currency and you can't do anything.
The legal system will never be processing the illegal thing.
hero member
Activity: 896
Merit: 500
January 28, 2017, 01:54:01 AM
#23
I think if the sites you invest a loss would be very difficult to contact the site owners. It would be very difficult to refund bitcoin have you invested at the site, as I am sure your investment is already in use and the owners do not want to add more losses. So there's no way if your bitcoin lost in investment, indeed we be expected to be more careful.

And if processed within the legal system I think also difficult because each country has different policies, especially bitcoin not get the laws in some countries. Maybe it would be different with the money because it can be prosecuted.
legendary
Activity: 3416
Merit: 3419
Crypto Swap Exchange
January 26, 2017, 02:17:44 PM
#22
The first rule before investment you must investigate about this service, for example, gambling site. Here on this forum, you can find a lot of information's about almost all of gambling sites.
There you always keep in mind There are different campaigns where owners pay other members to leave positive feedback, and it can be deceiving in the assessment. After your losses investment and money you can turn into scam here, but it is not enough satisfaction.
legendary
Activity: 1106
Merit: 1000
January 26, 2017, 01:52:37 PM
#21
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,

The thing you need to do now after you real losses money, post in scam accusation board and prove some pictures from your losses.
That's hard to track, especially bitcoin+online activity. Someone mentioned hire lawyer, no it's not help, if you want to track them you need an expert cracker who able to do this.
Online investment very vulnerable to be turn into scam, you should research deeper before dealing.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
January 26, 2017, 11:13:47 AM
#20
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,

there will be no action for this, we can not contact the owner, our bitcoin is loss, and we only regret for what we've done before. its difficult if we want to recover and its more difficult if we use all of our bitcoin to make investment. i think the legal system can not process this because bitcoin not have legacy by government so i think its not help.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
January 26, 2017, 11:12:57 AM
#19


if you want real legal advice then ask a real lawyer to guide you about this.
but in my experience as a regular guy, it is very hard to legally pursue these scammers who may scam you online using bitcoin. because of being in a different country, being somewhat anonymous most of the time and using bitcoin.
also you should remember that when you are investing in something like a casino bankroll you are agreeing on some terms and those terms include case of losses in case the casino lost a lot. there is nothing you can do in that case.

It won't help. The lawyer will just said, stay away from those gambling or investment sites especially outside the country and in online world.

That's how online investment works especially to those companies that aren't regulated, really a risky one and needs some guts to face it. A person can only do lawsuit to those investment sites that is regulated and a registered company like insurance companies, physical casinos etc. since all of the information are well detailed plus the fact that those companies are facing the terms of the government where they are registered.
hero member
Activity: 1148
Merit: 500
January 26, 2017, 11:10:45 AM
#18
I'll consider that as a scam. Gambling site owners is responsible because they are the people you entrusted your money. They just can't abandon you and left you hanging. This modus is called Ponzi scam. Once they have the money. They will just disappear and can't do anything about it. Hyip site is usually used by scammers. So stay away from them.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
January 26, 2017, 11:05:29 AM
#17
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,

if you want real legal advice then ask a real lawyer to guide you about this.
but in my experience as a regular guy, it is very hard to legally pursue these scammers who may scam you online using bitcoin...

Actually even with fiat money has this problem.



 As many have said, the investment sites that are on the internet do not have a real name of the owner and if by chance in the investment site the owner says his name, you should be suspicious, because there are websites that sell identity. Anyone with Money, purchase identity, verifies payment processors and creates a website.

hero member
Activity: 3066
Merit: 577
Leading Crypto Sports Betting & Casino Platform
January 26, 2017, 10:39:17 AM
#16
If you are worried about the gambling site to runaway from its investors after a big loss. Then you really can't find them together with your investment they will run away. This is the risk in online investments specifically in bitcoin, this is happening very often with HYIP's and cloud mining. I rarely see some cases of this with gambling sites.
legendary
Activity: 1218
Merit: 1006
January 26, 2017, 10:36:08 AM
#15
Don't invest in anything which claim to give you back high daily return on your investment. And also you have to be very careful in choosing where to invest because if they run away you can't get your money back even if you file legal case against them.

You can take disappearance of hashocean as one example, they scammed millions and nobody get their money back https://bitcointalksearch.org/topic/hashocean-disapeared-and-scammed-700000-users-1527550
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
January 26, 2017, 07:38:34 AM
#14
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,
You most probably won't be able to do anything and chances are almost nil if both parties do not have a real written agreement or any sort of proof which can be put forward. Even if you are from the same country without any form of legal documents between two parties nothing can be done at all. So better be careful while making investments.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
January 26, 2017, 07:28:16 AM
#13
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,
This is the main risk involve on such investments on which you dont have any claims regarding on a particular gambling site if they got disappear in an instant.Its really important to have deep research into a particular site before we tend to put our money. Since you are accepting the risk you should be ready always on what might happen in the future regarding losses.
hero member
Activity: 1176
Merit: 509
January 26, 2017, 07:26:31 AM
#12
Before investing into something especially if it is online, you need to conduct a thorough research about the site. you also need to ask some opinions on the experts. always remember that invest only what you can afford to lose! do not go into investment just for the reason that it is promising you a high return. If something is too good to be true, then it is not true!
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
January 26, 2017, 06:56:43 AM
#11
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,

Use multisig with escrow.

Trust can simply be decentralized that way and no need for "enforcement of contract".

Hire 2-3 trusted escrows, put funds in multisig, and setup a system in which if either of the escrows scams people you can still rely on the other 2 to safely store your money or investment.

This is the best model that I can see, and I think investment sites and gambling sites should work like this.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
January 26, 2017, 06:54:26 AM
#10
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,

That is an obvious risk that a gambler encounters that's why be careful storing coins in any gambling sites. While you are gambling with the usual gambling type, you are doing gambling too to your coins against the gambling sites itself.

Legal system is hassle even you know their identity. Why? It will really cost you more money since there are some cases that you are not in the same region or country. And it will took longer time to process since there will be checking of legal terms that may affect you too because you do gambling.
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
January 26, 2017, 06:50:28 AM
#9
It is usually very difficult to recover money from online scams.
Keep in mind that the legal process is time consuming and expensive.
Unless you have invested a substantial amount of money, or you can get together with others to file a tort suit, it won't be feasible to take the legal route.
hero member
Activity: 3094
Merit: 929
January 26, 2017, 06:46:31 AM
#8
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,

People don`t "invest" in gambling.They gamble for fun. Smiley
Read the TOS and read other people reviews about such website before registering.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
January 26, 2017, 03:55:13 AM
#7
More less, you cannot do anything about it besides being smart and not investing into 5% per day get rich quick schemes. This is not related only to BTC, it s related to all other online ponzi and HYIP projects.

BE SMART, do not let your greed control you. If you see an opportunity which is above any sane market rate, send them an email and ask how is this possible and why would they sell this opportunity. They either wont reply or will give you some BS. Ask for proof, photos, etc. If you do not get it, do not invest. Simple.

Sorry for your loss.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
January 26, 2017, 03:43:28 AM
#6
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,

if you want real legal advice then ask a real lawyer to guide you about this.
but in my experience as a regular guy, it is very hard to legally pursue these scammers who may scam you online using bitcoin. because of being in a different country, being somewhat anonymous most of the time and using bitcoin.
also you should remember that when you are investing in something like a casino bankroll you are agreeing on some terms and those terms include case of losses in case the casino lost a lot. there is nothing you can do in that case.
sr. member
Activity: 1316
Merit: 356
January 26, 2017, 03:38:55 AM
#5
There are many investment site found in the world and they are many types on investment. We have a legal investment which is if you had invest into it then they have an error of their company, they will refund you. Unlike private company, if you have an error of this company you cannot get your money back because it is a private, usually the profit is bigger than legal investment and almost of the victims is because of this.
hero member
Activity: 2646
Merit: 686
January 26, 2017, 03:34:33 AM
#4
Sad to read this but there is no method that a investor can recover his money back, all you can do is give the site a negative mark and make sure you tell people to stay away from it. One more method you could do is ask Google to take it down, they are doing it and find forums where the site has accounts and list your problems, in case the site wants to resume It may pay you out. But sadly there no legal procedure one can apply, as the site doesn't force you, you give your consent. I think you should edit the post and name the site and have it moved in gambling discussion so all out there can also be safe.
hero member
Activity: 854
Merit: 500
January 26, 2017, 03:24:21 AM
#3
Online scams are happening from long time ago and there is no any authority specially designed to look at this types of scams. And the main problem with bitcoin based casino or investment platform is that nobody knows the real name of owner and other details so when they shut their website down and transfer investors fund to some unknown bitcoin address than it will be really hard to find out where all those bitcoin end up. Better to only invest after deep analysis of any platform also if you can get some personal details of owner or the company behind it than you can file legal case if they run away, but success rate will be really low for this.
legendary
Activity: 1302
Merit: 1000
January 26, 2017, 03:22:28 AM
#2
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,

That's why you need be very care full before investing into gambling, even if you belong to same country also government will not support and entertain you to play for gamble. It's your wish whether you want to play are not. But if you invest money into gambling and after site is not active means ultimately your investment is lost.
sr. member
Activity: 938
Merit: 256
January 26, 2017, 03:18:03 AM
#1
greeting all,
I would like to ask your opinion, if a person invests using bitcoin in online sites, such as gambling sites, for example
if the site was experiencing huge losses so that owners of gambling sites out of business in the website, and then he disappeared soon, no one can be in contact
in your opinion,,?
What should an investor to recover the amount of investment from online entrepreneurs who are not responsible for it?
whether this problem can be processed into the legal system while both parties do not have a real agreement and written, in fact they are in a different country,,,?
thank,
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