Quote from: sunny1 on January 29, 2014, 02:49:26 PM

Quote from: moriartypants on January 27, 2014, 02:54:58 PM

I found that other site as well. (By accidentally typing the name) Seems to be Russian in origin (although I didn't do much digging) and I found their English website to be a little vague on what exactly they do.

Still, if I understand it, the Russian site has $50 minimum deposit and you can invest for as little as two weeks, which shouldn't be too dangerous if you just wanted to try it out. It's been operating longer apparently but I'll note that according to their posted profits, you would have made a little bit more profit on The Britis/Panama site if you only had trading shares, and A LOT more profit if you had mining shares. (In fact, you'd have made your investment back if you'd bought in early to mid December)

I'll probably give bitcoin-trade.biz a whirl, see what happens and report back.
As for which one to trust more, when it comes to giving somebody on the internet your bitcoins and hoping to get something back. . . Not much you can hope for other than hope.

I checked a little bit around and found that bitcoin-trade.biz considers itself as a so called HYIP. They are marketing bitcoin-trade.biz on multiple HYIP related sites and are heavily discussed on the well known ponzi forums.

The other day I was supposed to contact bitcoin-trader.biz to ask them about bitcoin-trade.biz. On the contact page at https://bitcoin-trader.biz/contact.php I've noticed some HYIP related statements, or lets rather say "Anti HYIP" related statements.

So I contated them anyway and received the following statement from Michael Brandenburg:

Quote

We do not engage in any form of HYIP related marketing, be it monitors, forum discussions or any other form of what can be considered as untrusted sources of information. It is against our core values and may cause blackening Bitcoin Traders reputation in the long run. We urge our clients not to participate in such activities, as well. We do consider ourself as a genuine passive second income opportunity, rather than an unsustainable game. We market Bitcoin Trader via ad networks, like AdWords, Bing Ads or Add.ly, to name just a few, as well as in Bitcoin related advertising networks.

With best regards,
Michael Brandenburg
Head of Marketing & Business Development
Bitcoin Trader

mmm to me it sound exactly as a HYIP... what do you say? but... well... they also never tried to present themselfs here...