Quote from: fingertoe11 on October 12, 2014, 03:01:12 PM

Quote from: ElectricSavant on October 12, 2014, 02:19:28 PM

I was told by support once..... that the investment would not be affected by the rise and fall of BTC as it is disconnected from the balance:

It was our intention to remove the bitcoin volatility from our investment plans and therefore decided to keep all account balances in USD. This eliminates the risk that earnings are wiped away in case of a bitcoin depreciation.

Now if you invest with bitcoin, the only risk you are facing is the period of time between the purchase of bitcoin and depostiing them with us and vice versa once from the moment you receive your cashout until the time you are able to liquidated the coins into fiat. However, both can easily be managed by picking a day when the volatility is very low.

Please let us know if we can be of further assistance.

With best regards,
Bitcoin Trader Support

I have been asking them for months how they would remain solvent if bitcoin dropped to 300 or so... The shares that closed on the weekend of the crash where bought at 650 and sold <300... They never where able to give a straight answer. It's magic!

So you don't really need a "hot wallet hack" to explain their cashflow issue. Most savy traders cashed out where they thought the bottom was.. BT had to pay out at that rate which was quite steep., and their hot wallet ran empty.

I suspect the lack of audit probably reduced the renewals and new investments more than normal on just the wrong weekend..

From what I understand they use the USD as the safe haven. It is the time between the transfers where the risk lies. I suppose this could apply this to their time in the arb trade also...perhaps they get neutral daily..but the recent drop in BTC and the point made here is valid...they need more usd to process cashouts today. The various cloud mining operations that are not disbursing could reveal THAT THEY TOO WERE PONZI SCHEMES, JUST BY THE FACT THAT THEY ARE NOT PAYING OUT...BEWARE IF YOU HAVE A CLOUD MINER TELLING YOU THEY HAVE MAINTENANCE ISSUES...SAY LIKE MIMOCLOUD IS CLAIMING...