Author Topic: Bter launches strange new investment program promising 10% interest?  (Read 3051 times)

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Offline konelectric

It's up to 10.52%. I put 2 bucks of bitcoins in it when it came out, as a test. The trading and withdraw at anytime works. They show you your daily interest.  Am at 'Expected Interest Today:0.000003 BTC'. Nothing to brag about, but after all this is just a test.
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Offline Ander

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I have no idea if its a scam or not. 

It seems like they are using your investment to invest in JUA's mining operation, and they estimate a 10% yearly return. 

You can opt in or out at any time, and you can withdraw at any time, so I am not sure what the downside is supposed to be, unless the downside is that if too many people all suddenly withdraw at once, bter all of the sudden goes "oh crap, we lent some of  your BTC to JUA, we cannot cover all our withdrawals right now, so if you opted in you have to wait". 

10% yearly is an offer that is reasoanble to make if you have a good investment opportunity (and they didnt even promise 10%, they just 'estimated' it), so its not in obvious scam territory.  I don't know what the risks actually are because they didnt really give details.  So, beware if you want to participate, but it is possible that its legit.  I would guess that if JUA does well and makes money then you're going to get a decent return, and if JUA fails or loses money, or everyone tries to withdraw all BTC from bter at once, then I have no idea what is going to happen but you might be at risk.

I already took everything out of bter so I have no skin in the game. 

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Offline Riverhead


10% per annum isn't insane. It's a good target for a lot of stocks. However, like others have said, a target is just that. I'm sure they really want to make 10% + management fees but what investment doesn't?


Offline nomoreheroes7

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if it sounds too good to be true...

10% per year , not per month .

10% per year is possible, but still very probably too good to be true.

10% per month would be the scam of the century. lol

Offline infovortice2013

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yeah .... is another exchange ready for make BTS Snapshots?, Sparkles snapshot is there..

i not buy more bts there for the taxes to take it out, but keep trying to trade 10k bts and 100k pts (not much trading, just bots working i think)
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Offline btswildpig

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Offline mint chocolate chip

When I looked at it the other day it said if you opt-in you can still trade or withdraw, seemed too good to be true, I figured I was missing something so I passed for now.

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Offline liondani

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The higher the interest rate ,  the higher the risk....  Conclusion?  ... To much risk...

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Offline luckybit

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This looks unsafe and like a scam. Labcoin 2.0?
I would suggest people take their coins off Bter or proceed at your own risk.
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Offline btswildpig

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It's provided by https://www.jua.com/   

https://www.jua.com/   was the one who supported bter financially after the hacker incident .

The 10% interest is "current estimation" .

PS .  I know nothing about https://www.jua.com/   
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline luckybit

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