so i just want to know if i get this right?
The reason why you donr to do escrow, is beacouse you are using the money we invest on arbitrage betting, on fiat sites. Witch is 100% fair, but here is what i dont understand.
if i take the 1day plan to get 105% this is how my bitcoin/money will be used.
I deposit 10BTC, that you guys turn into fiat money, lets say you use bitstamp as exange, they take between 1-2 days to get money form and to your account. so if you do this early you will have your fiat the next day. (1 day)
Then you need to have atleast two bets lined up the day you have the fiat, to make the money needed for your investore and to make some profit youslef. so lets say the arbitrage bet is on two sites site "A" and "B" and the bet is 50% on "A" and 50% on "B". the deposit on most betting sites are almost instant. so that is pretty much straight forward. but after the bet all the money will be on one site lets say Site "A" so now that site have 104% of the invetsment. But you Still need to make one more bet, and no matter what you need half of that money to make a new bet on another site, to make a new bet.
So now you need to withdraw the money to reinvets them in a new bet, that also usualy takes 1-3 days. so lets say 1day beacouse you guys know what you are doing and you work fast. the you repeat the previous step, with 50% of the 104% profit on one site and 50% an a nother site, after that you have 108.16% profit (100*1,04^2) than you wait another 1-3 day on getting that out(lets say 1day again).
Now you have made the profit, and it is time to furn the fiat back into BTC, so of course oyu send them back you your btc exchange, that also take 1-2 days to make that money transfer back, and yet again we say you are doing this early, so it shows up the next day, so it´s only 1 day
That is roughly 4 days in waiting time just to move the money around. and this is not taking into account that bitcoin prices are also going up and down (mostly up after last weep dip) so how cna oyu do all this in just one day?
I'm afraid you got it all wrong.
1) We get our btc instantly exchanged to PM here
https://p2pchange.is/en/main (you get better rates when your total volume increases)
2) We use other similar instant exchangers to convert pm to skril/ egopay / other e-currencies / wu.
3) Bet's are placed throughout the day as we get a lot of tips ( we provide you 1 free , daily ), so there's no fixed time frame needed to make a bet. Whenever an arbitrage opportunity is there, we will definitely make the bets.
4) That's why we need up to 6 hours max for bitcoin withdrawals, if its Perfect Money, payments are instant as they're handled automatically via pm api
Hope that clears you up.
edit: We are also not 100% dependent on bitcoins. >90% deposits on our site are via PM.
edit2: All your deposits / withdrawals are based on USD (if you invest $100 worth of bitcoins on the 105% plan, you will be paid back $105 worth of bitcoins)
