Topic: Mybitcointrade.com | High Interest 2.5%-5%/w | 20% on Bonds| AAA- |Since 07/2011 - page 10. (Read 21304 times)

Update firstpost

For security reasons, we added the option to link a btc address directly and fixed to your account.
You can change/add this in your 'User Profile'.
So in case your account will be comprimised, nobody will be able to withdraw your coins to another address.

Regards
Simon

I guess you're not familiar with Stock Generation. This looks like the same setup. You pay 20% per month for a few months using your deposits to fund the payouts and strongly encouraging reinvestment. Then, you close down all the funds with guaranteed high rates (or just don't offer them), offering people to either get into non-guaranteed funds at no loss or to take the 75% haircut to cash out. Either way, you make money. Then you just tell everyone in the non-guaranteed funds that you're very sorry but they lost everything. As was made clear, it's risky.

In effect, this can be a Ponzi scheme and can take everyone's money without ever breaching one promise they made. All they've promised is that you might make a lot of profit and that your losses are capped at 75%. It's basically like a casino -- all they're saying is that you might make money and you might lose money. The difference is, they've made no clear disclosure of under what conditions you make and which you lose. It's probably safe to assume you make money when that's profitable for them and you lose money when that's profitable for them.

You will continue to make money so long as their deposits continue to increase. Then they'll buy everyone out for just 25% and keep around 75% of current deposits.
http://en.wikipedia.org/wiki/Stock_Generation

The folks at Stock Generation lost in court due to a very slight miscalculation. If these guys learned from that, they can probably run this entire scam (keeping about 50% of total deposits) without breaking any laws.

The giveaway to this is that the investments are said to involve risk with no clear explanation of what the risks are and under what circumstances they lose money. This is what separates something like Stock Generation from a classic Ponzi. (If you read carefully, they can keep most of your money for no reason at all other than that they want to and not break any of their own terms.)

Im not sure but how can you pay 20% per month for a year without investing into pirate...

Update. First post

This seems remarkably similar to Stock Generation. I was kind of sad to see that go, so this has a pleasant nostalgic feeling to me.

http://en.wikipedia.org/wiki/Stock_Generation

*Update* first post

push

Update Interest Rates

4.5% interest for 14 days runningtime.
10% interest for 30 days runningtime.
11% interest for 60 days runningtime.
12% interest for 90 days runningtime.
13.5% interest for 180 days runningtime.
20% interest for 360 days runningtime.

Best Regards
Smart

Update *Firstpage*

We have some new saving options for you.
Here to follow:

8% interest for 14 days runningtime.
9% interest for 30 days runningtime.
10% interest for 60 days runningtime.
11% interest for 90 days runningtime.
12.5% interest for 120 days runningtime.
20% interest for 360 days runningtime.

Currently over 1200 BTC can still be invested ( 02. Aug. 2012 )

Hi there,

we're happy to introduce you our new service: The chatsystem (shoutbox). It allows the users to instant communicate between each other and probably invites to some talkingt about mybitcointrade. We hope that you all like our new service and will use it. It should run stable, but if you have any problems with the chat, please report int.
We also added the feature to stay anonymous in the chat, you can hide your nick for others while chatting. To stay anonymous, just enable this option in your userprofile.

Besides this new feature, there is a new saving option, wich will give you 11% interest for 90 days.

Enjoy your stay on mybitcointrade
Simon

Ty Otoh for feedback.

Many thanks to Smart for today's interest & funds returned from a 60 day loan @ 1.975% per week, 250 BTC @ $5.40 = $1,351 in & 292.80 BTC @ $9.30 = $2,723 out, a nice 100% + return in under 2 months 

I believe that I documented my loans to Smart in full a month or 2 back on this thread

from http://en.wikipedia.org/wiki/Ponzi_scheme

Typically extraordinary returns are promised on the investment,[5] and vague verbal constructions such as "hedge futures trading," "high-yield investment programs", "offshore investment" might be used. The promoter sells shares to investors by taking advantage of a lack of investor knowledge or competence, or using claims of a proprietary investment strategy which must be kept secret to ensure a competitive edge.

from the OP:

High Risk Fond

Name of the project:  'Long Term Loaning ZiggiStar 20% / 30days guaranteed' PROJECT 17
https://mybitcointrade.com/en/?content=boerse/projekthandel&projektid=17


he didn't even spell Fund correctly.  Are you guys still serious?  I feel like I'm in the Truman show and this entire board is fucking with me. 

push

Last 6 users

500 Userlimit is break today.



the next 10 users got

9.5 % on 30 days and
10.5% on 60 days.

on our saving books

have a nice day.

You said a sentence, that's not proof my friend
That's a statement.
How do you know there's Zero business?
There are huge interest promises but also huge risks, they never state that you will get back the full sum in fact they state that only 25% is guaranteed back. They are doing speculation trading, which is high risk high reward.
I can also add that I have talked to the owner of the IPOs and received a scan image of his passport
I am sure everyone can make their own decisions with the information available, there's no need for you to go and scream ponzi everywhere you think it applies.
//DeaDTerra