The Bitcoin Arbitrage (thebitcoinarbitrage.com) is promoted as the number 1 choice for investing in BTC. It allegedly returns 10% in just 8 hours. The website tells us the following: ”We at The Bitcoin Arbitrage offer you the fastest and the most legit way to successfully accumulate your BTC by getting you 10% profit every 8 hours. Our sophisticated technology does all the hard work, making sure that every customer is 100% satisfied and that every trade goes through smoothly.” In other words, they are telling us that their superior technology is able to generate those returns within a short period of time yet we know that there is no technology meant for trading that can generate this kind of return.
They claim that the bot is able to execute 100 trades per minute and are offering dedicated support to their customers. In a bid to explain how this system works, the sales page tells us the following:
”Arbitrage Strategy is a very old but yet very effective trading strategy, especially when you have high end technology to do all the hard work for you. Our servers are running our Arbitrage Bots that are constantly looking for the biggest BTC-USDT price difference between multiple exchanges. When the difference is found, trades are executed on both exchanges (the one with the lowest and the one with the highest price) so in the end the profit is 100% guaranteed. You might think that it is a small price difference (meaning small / micro profit), but our Bots execute around 100 trades each minute, so the funds are generated by making a big number of successful micro transactions. Doing this manually with success is virtually impossible for a human being, so this is where Our System steps in.”
You have to ask yourself whether arbitrage trading can generate huge returns within a couple of hours. It is true that arbitrage trading exist but if it were that profitable, we are sure that every trader using this method of trading to make money would be a millionaire. For your information, 10% in 8 hours would mean more than 300% in a month. There is no way your revenue can grow by that margin within the space of a month because there are several factors that will be affecting your ability to make money. Therefore these profits are not real and we should not believe in this sales pitch because it is too good to be true. In case you are wondering where to find reliable trading solutions for Crypto currencies, we are encouraging you to find your bots in this page.
The people who run this website are anonymous. We have no idea how long they have been trading or what kind of development experience they might be having. One thing that we have seen with this investment website is that the owner is not transparent with their business. They just want investors to trust them without revealing this information to investors. Their about us page also fails to tell us who the owners of this site are or whether they have a track record to show the community of investors who might be interested in the Bitcoin arbitrage software.
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This is the explanation so far: ”We began as a group of friends with big interest in Crypto trading. We noticed that a lot of successful trades are missed out because the lack off technology to follow the traders needs. That’s how we came up with the Arbitrage script and we deployed our first test server running the Arbitrage BOT in 2016. It has shown great results so we went public with it, and our business started to grow even further.
Today we are counting 4 core team members and 86 employees doing their best to fulfill our clients needs by doing tasks such as: updating our Arbitrage script, managing our numerous servers, providing fast support to those in need, and much more…
At The Bitcoin Arbitrage our customers always come at 1st place. They are introducing a few people whom they claim are managing the operations of this site. These people cannot be traced on the internet and that is why we are saying the real owners of this site are anonymous. The people they claim are managing the Bitcoin arbitrage website are Juanito Sanchez (Founder and CEO), Thomas Jang Head of IT Team, Helena Briggs Head of Marketing Team and another one person. We can confirm that these people are stock photos who have nothing to do with the site or its operations.
The system is based on high number of servers and Bots that are running our Bitcoin Arbitrage scripts with 100% success rate. Below is a part of the script that the Bots follow when executing buy / sell orders on multiple exchanges. That is all the explanation they can give us. They are showing us a table with random figures and claiming that this table is the script which they are referring to.
The process of losing money with the Bitcoin arbitrage is so simple. Even without signing up, the crooks will tell you to deposit 0.02 BTC to their wallet. The instructions to be followed are as follows:
”The minimal Deposit required is 0.02 BTC and maximum is 10 BTC. This BTC address is valid for 30 days so feel free to use it during that period as many times as you like. If you refresh the page and see a new BTC address you can use that one as well. You will receive your Payout in 8 hours (Your Deposit + 10% profit) to the BTC address from which you have made the Deposit.”
Once you execute those steps, you will lose your bitcoin because this is not a legit operation worth trusting.
The Bitcoin arbitrage website is shady and it cannot be trusted. If you want to invest, we are advising that you invest with these trading solutions instead. Do not think that you can make those returns as claimed on the deceptive sales page.
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