Re: btc-arbs.com - Daily ROI (0.01-10%) Update: personal opinion + ponzi proof
Went to look at that Barclay's club site... Ow, my eyes. Can tell its got some Russian influence thats for sure. 
Anyway.. The interest difference isn't as great as it first appears. 9.5% is promised. Within the FAQ you see that its 9.5% every business day. BTC-arbs works 7 days a week. So the interest is still greater on the Barclays site, but its not 10:1. Averaged out its more in the range of 5:1.
Anyway.. The interest difference isn't as great as it first appears. 9.5% is promised. Within the FAQ you see that its 9.5% every business day. BTC-arbs works 7 days a week. So the interest is still greater on the Barclays site, but its not 10:1. Averaged out its more in the range of 5:1.
What site is that? (URL please)
https://barclaysclub.com/
Note.. I have no knowledge or interest in that site. I just went to look at it after it was mentioned earlier in the thread here.
Also interesting to me is that theres a whole bunch of these services. I had no idea. They must go out of business regularly with as many as there are. There's probably at least a dozen active ones with a similar model. Looking at about 5 of them, about 1/2 accepted bitcoin as a form of deposit.
This makes me think its best to do for a short period of time, with funds that you don't really need back.
That one does look just like a Ponzi scheme. There isn't even a story about how they manage the investments. Thanks.