Post
Topic
Board Investor-based games
Re: btc-arbs.com - Daily ROI (0.01-10%) Update: Registration issues + deposits
by
dyask
on 01/04/2014, 10:02:10 UTC
But yes, I will agree with you guys again. This is a very legitimate finance business with 10 employees and an office in Geneva (one of the world cities in the finance world - very expensive offices) so probably at least $500.000 costs in the first year right? No problem for this unknown company.

They offer let's say 1% daily ROI, stunning 3778% ROI in a year.. so with only $500.000 they could make $19 million in 1 year.. great right?! But the private investors prefer to just invest in the expensive office and 10 employees.. so they need YOUR BITCOINS to actually do the arbitrage!

* I live in Tokyo which is probably more expensive than Geneva and there are plenty 10+ people companies in very expensive parts of town that get by working out of an apartment.   Location isn't really a serious cost factor.   

* 1% daily is higher than they have been doing, at least in March.   But let's go with you 3778% ROI, for $500 that works out to $19,000 not $1.9 million.    If they are real, the gains will get lower as the market gets mature, but they should stay positive.   

* They are dealing in bitcoin, which isn't something that a huge number of large private investors are dealing in.     

You other concerns are possible more valid although there have been rebuttals posted about them.   You could be right and you might not be, only time will tell.