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Digicoinz (OP)
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October 21, 2014, 03:46:06 AM
Last edit: October 26, 2014, 03:58:19 PM by Digicoinz |
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For anybody that's heard of Esoteric Investments, its apparently another hyip, however this one is the first i've come across that's claimed to be based out of the United States.
So i asked some questions to their support staff and attained the following response:
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Support @ Oct 19, 2014 05:32 AM
Al,
1) Esoteric Investments, LLC was founded and owned by Glenn Crystal and Daniel Pace.
2) Our registration is currently 3104 River Road Point Pleasant NJ, 08742.
3) We are NOT currently licensed and as such do not operate with USD at the moment. We do not make any claims or allege in anyway to have any licensing or accreditations at the moment. We are in the process of building our company and applying for the necessary licenses as we expand.
4) I will get you a # on Monday to get in touch with our team. We have also decided to get a 1 800 support line next week due to the number of people that have requested phone support.
5) Our team does not perform in High Frequency/Arbitrage based trading as we find those markets to be extremely high risk with very low ROI. If you have not had a chance to yet, please take a look at our September Doge Trading Example. (Info -> Trading Example)
Our team spends the majority of time analyzing markets, reading news, and talking with the development teams/community of coins that look appealing to trade. Our trading model is to find coins that are signifigantly undervalued and have a very high potential to at least double in value within a few days/weeks, while having a very stable "floor price". Combined with a Stop-Loss of 10% maximum, our team is able to ensure our good trades far out way any bad trades made. We are going to be releasing a more in depth explanation of our trading process next week.
Our Founder Glenn Crystal has been developing Software for over 10 years and has developed many tools that give our team a huge advantage over the average Crypto-Trader. We will be releasing over the next week more in depth details of all our business workings including our business model, payout model, and trading strategy.
If there is anything else I can help you with let me know.
Esoteric Investments Support
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If you guys can think of anything else for me to ask them let me know.
if you think its worth taking them for a test run, i would say only go for the short term (their 90-day plan), and even if they're still around after 90 days, i wouldn't invest further.
[Site link in signature lines of my posts]
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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tmfp
Legendary
 Offline
Activity: 1932
Merit: 1737
"Common rogue from Russia with a bare ass."
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October 21, 2014, 08:44:03 AM |
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Why start a new thread? There's one already going with details of how their management have already been on here shilling with a sock puppet account. Why should we ask you to ask them questions? Aren't referral ref posts just spam? https://bitcointalk.org/index.php?topic=822284.0 |
Extraordinary Claims require Extraordinary Evidence |
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Digicoinz (OP)
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October 21, 2014, 10:15:36 AM |
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the other thread has a referral ref link in the post...didn't seem anybody had an issue with it.
and i wasn't aware of that thread.
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eneloop
Legendary
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Activity: 1513
Merit: 1040
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October 24, 2014, 03:02:18 PM
Last edit: October 26, 2014, 04:53:42 PM by eneloop |
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SCAM/PONZI/HYIP, please stay away!
Read this thread carefully!
It's just another bitcoin-trader.biz. They were also "legit" till they ran with investors money, but then its too late.
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Digicoinz (OP)
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October 24, 2014, 03:09:54 PM |
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The settings page has been update, you can change your email and chatbox user name!
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Keyser Soze
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October 24, 2014, 03:18:18 PM |
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3) We are NOT currently licensed and as such do not operate with USD at the moment. We do not make any claims or allege in anyway to have any licensing or accreditations at the moment. We are in the process of building our company and applying for the necessary licenses as we expand.
Securities laws don't magically go away if you are soliciting investments in something other then USD. Even if they are legit, this is backwards thinking. You cannot just open up shop and worry about regulations later. |
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sunny1
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October 24, 2014, 03:22:45 PM |
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SCAM/PONZI/HYIP, please stay away!
It's just another bitcoin-trader.biz. They were also "legit" till they ran with investors money, but then its too late.
You fool! There is still no proof that Bitcoin Trader was doing anything wrong. They might got robbed whatever, I don't know - but stop this witchhunt. Nobody is guilty until proven otherwise. |
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sunny1
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October 24, 2014, 03:23:57 PM |
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3) We are NOT currently licensed and as such do not operate with USD at the moment. We do not make any claims or allege in anyway to have any licensing or accreditations at the moment. We are in the process of building our company and applying for the necessary licenses as we expand.
Securities laws don't magically go away if you are soliciting investments in something other then USD. Even if they are legit, this is backwards thinking. You cannot just open up shop and worry about regulations later. Actually there are NO security laws yet for entities that are using bitcoin and other crytpo currencies only. |
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Digicoinz (OP)
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October 24, 2014, 03:42:04 PM |
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Thank you to those that signed up! My convo today with Deej on the Eso Chatbox (10:58:33 AM) Big Deej: Our plan is this week to get more traffic and active users on the site so we can launch the gaming side we have been developing (10:58:45 AM) Digicoinz: nice (10:58:46 AM) Digicoinz: (10:58:48 AM) Digicoinz: game on! (10:58:53 AM) Big Deej: Should add some excitement to everything and provide an alternative revenue stream for the pool and affiliates (10:59:05 AM) Big Deej: we are going to pay 50% of our earnings on games to affiliates (10:59:12 AM) Big Deej: on referrals that play games (10:59:27 AM) Digicoinz: jeez (10:59:30 AM) Big Deej: And they are non house risk games (10:59:34 AM) Digicoinz: a lil generous there (10:59:37 AM) Big Deej: So you don't play against us (10:59:53 AM) Big Deej: We aren't risking the bets against the players so its worth the commission (11:00:02 AM) Digicoinz: cool (11:00:04 AM) Digicoinz:  (11:00:06 AM) Big Deej: My goal isn't just to make myself rich but to build a network of people who become rich with me (11:00:16 AM) Digicoinz: right on! |
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Keyser Soze
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October 24, 2014, 04:43:37 PM |
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Actually there are NO security laws yet for entities that are using bitcoin and other crytpo currencies only.
Ask Trendon Shavers how well that line worked for him. |
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Digicoinz (OP)
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October 24, 2014, 04:50:12 PM |
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keyser you have it confused between, operating with US dollars, and operating a ponzi. Eso is strictly only operating with Bitcoins (no licensing/regulation required at this time in the US) Again please read their latest site update : https://www.esotericinvestments.com/pr/oct-22-2014.phpPlease refrain from posting information that isn't accurate to try defaming this company. thank you have a nice day! |
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Rannasha
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October 24, 2014, 04:55:25 PM |
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keyser you have it confused between, operating with US dollars, and operating a ponzi. Eso is strictly only operating with Bitcoins (no licensing/regulation required at this time in the US) Again please read their latest site update : https://www.esotericinvestments.com/pr/oct-22-2014.phpPlease refrain from posting information that isn't accurate to try defaming this company. thank you have a nice day! Trendon Shavers (PirateAt40) and his BTCST also operated solely using Bitcoins. Also, BTC-TC, an exchange for stocks of Bitcoin-securities also operated only with Bitcoins, yet the SEC shut them down hard. So no matter if the operator is honourable (BTC-TC allowed users to withdraw their funds and arranged their shutdown as gracefully as possible considering the circumstances) or shady (BTCST was a clear Ponzi-scheme, taking millions of USD worth of BTC at the then much lower exchange rates), if you try to run your stuff in the US without a license, sooner or later some three-letter-agency will come busting down your door. |
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Digicoinz (OP)
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October 24, 2014, 04:56:43 PM |
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Esoteric will be adding a feature that you will be able to confirm your BTC funds in your account by seeing them in the wallet from the blockchain!  |
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Keyser Soze
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October 24, 2014, 05:00:23 PM |
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keyser you have it confused between, operating with US dollars, and operating a ponzi. Eso is strictly only operating with Bitcoins (no licensing/regulation required at this time in the US) Again please read their latest site update : https://www.esotericinvestments.com/pr/oct-22-2014.phpPlease refrain from posting information that isn't accurate to try defaming this company. thank you have a nice day! Trendon Shavers (PirateAt40) and his BTCST also operated solely using Bitcoins. ^ This, the claim on their site is 100% inaccurate. |
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Digicoinz (OP)
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October 24, 2014, 05:00:38 PM |
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keyser you have it confused between, operating with US dollars, and operating a ponzi. Eso is strictly only operating with Bitcoins (no licensing/regulation required at this time in the US) Again please read their latest site update : https://www.esotericinvestments.com/pr/oct-22-2014.phpPlease refrain from posting information that isn't accurate to try defaming this company. thank you have a nice day! Trendon Shavers (PirateAt40) and his BTCST also operated solely using Bitcoins. The Court further found that, even as he publicly denied the Ponzi scheme on the Bitcoin Forum, Shavers knowingly and intentionally operated BTCST as a sham and a Ponzi scheme, and repeatedly made materially false and misleading representations to BTCST investors and potential investors concerning the use of their bitcoins, how he would generate the promised returns, and the safety of their investments. source - http://www.sec.gov/litigation/litreleases/2014/lr23090.htmPlease show me keyser where this has happened with Eso |
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Rannasha
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October 24, 2014, 05:01:46 PM |
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Esoteric will be adding a feature that you will be able to confirm your BTC funds in your account by seeing them in the wallet from the blockchain! How can they be using your funds to trade and make a profit if you can see the funds sitting there in a wallet? |
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