Bitcoin Forum

CryptoSparks (https://bitcointalk.org/index.php?action=profile;u=1705958) offered a "service" where he promised guaranteed returns with his "AI trading bot". [1]
After this didn't work out for him, he started a "lending request or partnership up to 5BTC" without any collateral. [2]

His faulty logic is clearly misleading. Especially for newbies:




Anyone engaging in this is very likely going to lose his money. Therefore a Type1 flag is appropriate.


Support/Oppose the flag here: https://bitcointalk.org/index.php?action=trust;flag=752 (https://bitcointalk.org/index.php?action=trust;flag=752)



[1] 10 FREE SPOTS for BITMEX TRADING BOT ARMY - 🔥 JULY 2019 🔥  (https://bitcointalk.org/index.php?topic=5161526.msg51702823#msg51702823)   (archived (https://archive.fo/6tGxc))
and 10 FREE SPOTS for BITMEX TRADING BOT ARMY - 🔥 JUNE 2019 🔥 *CLOSED* (https://bitcointalk.org/index.php?topic=5148727.msg51270651#msg51270651)   (archived (https://archive.fo/FNG69))

[2] Lending request or Partnership for FULLY Documentated Market Maker BOT (https://bitcointalk.org/index.php?topic=5184519.msg52451028#msg52451028)   (archived (https://archive.fo/DIm5L))

User has already made fraudulent claims about his returns. Claiming that they are verifiable, while in reality, they're non-existing, made up.

Not to mention that his bot is of course a complete farce, but, we've seen it before, people think these things are actually real and working, and will just mindlessly throw their BTC at it.
(Referring to ReggieBOT which was the exact same thing. - all users got liquidated a month or so later.)

Flag supported.

I was in discussions with that user because we were looking for an Italian translator and he asked for upfront payment - thats not unusual actually and most of the times, I do so, too. Something just didnt feel right though and we decided to skip this...

This is just for your info and I dont mean to harm his rep, he didnt do anything wrong...

It looks like @CryptoSparks, never tired of making trouble in this forum, problems, problems, problems that he can make.

@CryptoSparks, stop making mischief in this Forum, try to do good at least for yourself.

I will provide flag support this time to @CryptoSparks for his actions, I hope he can change in the future.

I had many pages of discussion with him on his claim that an API key can act as a Bitcoin private key. I don't think he knows how Bitcoin works.

He sounds like a very young person who reads a paragraph on Wikipedia and thinks he's an expert on the subject. Normally I wouldn't support flags on idiots for being idiots but this one is asking for money.

I don't know anything about trading bots, but this looks pretty fishy to me and it does indeed look as though he's a scammer.  I'll support the flag in lieu of giving this guy a neg, which he already has a bunch of.

A promise of guaranteed returns is the hallmark of a Ponzi or some other scam, and since this isn't a Ponzi I'm just going to assume it's a lie made up to sell his bot.  Markets don't work this way, by the way.  If you had something (a bot) that could guarantee you profits, the more you distributed said bot, the less effective it would be--at least in theory.  He'd be stupid to sell a successful method of making money in the crypto markets.

Damn i remember the CryptoSparks prick. He was all whinny in the Meta Board after getting exposed and then went on lament how useless this forum is and how he doesn't care about the feedback anymore.

Well basing on how he was interacting on the Meta thread, you could tell that he was one salty scammer.

I am going to support the flag because;
1. Since his service is asking for money from "customers". People should be aware that dealing with him will lead to loss of money.
2. Making stupid retaliatory feedback

Well shit..

I've read these threads in the OP and based on just this I don't think I would support this flag.. I'll need to read the whole thread in meta too (I have ignored it)..

Also, I know FruitsBasket from outside this forum, and where I know FruitsBasket from their were extremely talented coders, software engineers, computer scientists, exchange devs, and yes, people who have been working on trading bots for years now.. Elite coders in the crypto space..
Therefore, I wouldn't say it is out of the question that this is a legit trading bot and wouldn't doubt that I know some of the people that have worked on it.. Lends it a bit of credibility from my perspective..


While I don't see this happening on such a large high volume market like Bitmex, it certainly could be true on a small market if you had enough liquidity to move the market yourself.. Whale the market around..


"risk free" isn't the way Id put it but I what he was talking about is their ability to outright make off your your coin..
If you set up the exchange account yourself, and give them your API with no withdraw permission, they will not be able to WD your funds but only place trades..

Their would still be risks including..
Bitmex scamming..
Poor trade bot performance or even malicious trade bot performance (on a smaller market you could trade a "hacked" account into your own hands on another account and make off with their coin value but I don't think so on such a huge market)
But they couldn't just WD your funds..

As far as the other option, them using your money on their account with their bot but they give you a copy of the API keys with WD permission, the API keys would kinda "work like private keys" in a way allowing you to WD from it at any time.. It would work more like username and password access to the account than like a "private key" but I don't think he was trying to imply it would be like being in control of your own private keys which you obviously are not with any exchange but a DEX..


I absolutely agree that this guy is proposing a risky investment, and could do more to openly state the risks involved, but shouldn't investors (or lenders) be able to weigh the risk themselves?

Did he really?


This looks like a promise to repay a loan principle 10% per month + 5% monthly interest no matter if the bot works or not, no?
Over the term of the loan their would be "almost 30%" profit for the lender, right?
BTW 5% per month interest is not that high of interest for the lending section here.. Many loans are like 10% on a week or 2 loan which would be 20%-40% per month..


Maybe this guy is an asshole in his replies to criticism but I don't know if he is trying to outright scam..
Offering a risky proposition where it would be possible for him to scam, sure..

This proposition..
Looks pretty legit, very low risk of scam, and possible profits/losses depending on how well the bot works..


Lets take a look at this...
https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FeFP078u.png&t=605&c=lZN4lFKzY-_j7w

Suchmoon - While this is probably a bad way of explaining how API keys work "like private keys" probably isn't the best analogy, API keys do look a lot like private keys, and API keys can allow you to control the funds in the account, but the exchange does still have your real private keys just like manually operating an exchange account..

Vod - Speculation..

AdolfinWolf -    "Auto-Trading bots" utilizing margin trading always ends with people in tears." - While this may usually be the case "always" is not true..
"There is no such thing as a bot that can generate constant profits as promised by this user, or make "Intelligent trades"." - this is also not true, almost all of the serious wall street trading is done by AI bots and you bet they make huge money.. HFT (high frequency trading) AI bots and order que skipping bots (scalper bots?) that make massive amounts of money on the stock exchanged are most definitely a thing..
If you go watch the books even at https://pro.coinbase.com/trade/BTC-USD it is pretty obvious that probably something like 95% of the orders being placed and retracted there are done by bots, market maker bots (due to the fee structure), and I highly doubt they would be doing it if they weren't making money..

DireWokfM14- Where did he say that an API key gives you absolutely as much control over coin as does a true private key? If he said this exactly I'll support his flag and tag him myself but I'm pretty sure he said that API keys are like private keys to control your exchange account, which they are, and you can move your coin with them, which you can..

That's definately a better way to put it - API keys are private keys that let you control your exchange account, but the exchange still has the real private keys of the real coin..
As a matter of face API keys ARE infact private keys, they just aren't crypto private keys, but they are software private keys.. Aren't they?

nutildah - maybe this is what you suspect but it's not something you can prove..


This is a lot of reasonable doubt here IMO..

He most definitely was, multiple times.



I realize that he just painted himself into a corner and is not going to back down no matter what, but when you're taking someone's money I think lying about the risks is not cool.

At some point he started asking me to send him $100, can't find it now. I think it was when I gave him my API keys and told him to help himself to my bitcoins since the API key "can act" as a Bitcoin private key...

Those looks like technically correct statements to me with analogies in red.. Analogies that you may not agree with but not vastly incorrect..
API keys do pretty much work like private keys but for your account at a service and not on the actual blockchain, only on their internal centralized ledger..


Did you give him an API key with full privilege of a funded account? If so he should have been able to WD your coins no?


Don't hate me for being the devils advocate here, maybe I am wrong and will learn something..

Yes. Although he didn't even ask which exchange it's from, which is kinda the point. API key is useless without the service. Bitcoin private key can be used regardless of any third party service.

CryptoSparks is trying to have it both ways here. He was claiming that if he gives an API key to the client (presumably from some account he created) - the client is "risk free" because the API key can act as a private key (see option 1 here (https://bitcointalk.org/index.php?topic=5184519.msg52452506#msg52452506) - where he clearly says that he also has full e-mail etc access to the account). But if the client gives him an API key then it's also "risk free" if they key is enabled only for trading (option 2 in the above link).

Neither of these scenarios is risk free. I don't really care much about the rest of his word games.

Just want to point out that I updated my feedback several hours ago. You must be looking at the screenshot he made earlier. Upon closer inspection, it doesn't look like a Ponzi per se (not that anyone can spot a Ponzi other than its general characteristics and outcome after it has ended) but the fact that he is so stubborn about certain aspects is suspicious to me.

In no circumstance should people trust huge sums of money with him given how little he actually has to show for what his bot has accomplished, and his behavior overlaps that of scammers to a certain degree. Perhaps I'd consider withdrawing my support after more evidence of his legitimacy has come to light.

He could have meant that the market risk is not placed on the lender in this situation.. This looks like a set repayment offer regardless of what the market does or how the bot performs it is guaranteed interest/profit..
In this scenario he could totally steal your coin by WDing it though so the risk here is of him scamming..

Wasn't very wise to ask for "UP to 5BTC".. You made yourself a target with that Mr. CryptoSparks



with this option their is no risk of him scamming, WDing your coins, but you are at risk of market p/l and bot performance p/l..

"Risk Free" were stupid words to use..

I don't think the risk/profit balance is that great really given that he wants to socialize 30% of the profits but none of any possible losses..
2 is a way for him to not lose any money if the bot looses but make 30% of the profits when it wins.. Not real fair but IMO it's up to the lender/invester to negotiate or accept any deal or not..


CryptoSparks - you did a piss poor job of representing your product here, made yourself a target by asking for "UP to" too large of sums to start off with, and made poorly worded statements about "risk free" and how "api keys act as private keys" thereby opening yourself up to much criticism and suspicion even if you do have a real product that you do honestly believe in..


I am not absolutely convinced that his is surely a scammer but if his intentions were good he surely did fail due to his poor language performance and offensiveness.

Maybe he is a scammer though.. It is a possibility..

Agree..


You probably know more about APIs and exchange bots than me so I trust your judgement..

The only "evidence of his legitimacy" I may have brought to the table here is that I know FruitsBasket knows an elite coder friend of mine, who I do trust, that has been working on trading bots for a long time, and I have a hunch this bot could be legit due to that association..
It's not "cryptosparks" though and I don't want to drag their name into this mess..

Me and Fruits worked together a bit with some of the most elite coders I have ever met and afaik he did a good job so a vouch from Fruits on this lends it some credibility to me..


Good debate guys..
You guys do a good job of protecting the community here even though you might rush to judgement a bit too fast sometimes, though it is far from completely unfounded so I understand where you are coming from..
Maybe you guys saved someone from a scam here or maybe it is unfortunate that CryptoSparks handled this so poorly..

I'm going to rehash some of the things i've said before about him.

Of course, he could have found the magic formula to profit. a sophisticated AI Engine. Time will learn and prove me wrong, but for now i think he's a fraud.

Observe the following points:

---

###1

First quote of him stating the 495% ROI:
#2
#3
Because, obviously, JSON files aren't fakeable..
#4
#5

#6
https://i.imgur.com/gEm3vHE.png

This is just false. He never offered access to ANY of the data listed in the JSON file.

Instead; the API key renders a couple small trades which aren't indicative of anything. The risk taken for these trades and the doubling down martingale strategy might very well not be worth it, but with such a low n size it's simply not known yet.

Compare it with martingale betting. with 1 million satoshis you can bet 1, 2, 4, 8, before losing your money.

---

###2
The api key debacle: ???

---

###3
Backgrounds don't match.

User was doing italian translations for pennies less than 6 months ago -- suddenly he is a highly specialized quantum bot developer?
My ass.

---

Not to mention that it just doesn't make sense. If his stats were actually real, any bank/developer who specializes in these things would've hired him. Don't be stupid. 495% returns?

---

Of course, i'd love to be proven wrong. I adjudge him all the profits in the world-- but when these profits actually come from defrauding his "investors" such as other HFT "bots" did in the past, of course i'm going to call him out on it.

Things always go right until they don't.
In an uptrend market (such as right now), you can make a hundred shit trades and get away with it by just waiting for Bitcoin to go up and call it a "prediction".

You might have a great point here.. I didn't dig this accounts background but it could be quite concerning..


I think backtests are when you run your program against past history to see how it would have done, like a demo.. This can be manipulated though, like all the climate models that say we should all be on fire by now, you can get them to say whatever you want with some tweaking..



To be honest 495% gain in 2 years of crypto trading is poor performance IMO.. Ok, maybe that's decent for it being passive, but that is not an insane number.. That's only a bit over doubling your coin every year and wouldn't even be worth my time manually trading for..
My manual trading stats make that look like chump change, even in bear markets..

Isn't this the exact opposite of the intended purpose of flags? I thought the evidence was supposed to be presented before supporting it, not create a conclusion and then build a narrative around it. You know, innocent until proven guilty, not your rep is toast until you can prove yourself/appease the mob.

Guys, I know its way satisfying to hunt down dirt bags, but in the process you are degrading this community to a standard of mob justice and might makes right. This atmosphere not only drives out honest users, it creates constant chaos and conflict which is a great way for scam artists to hide in by not only easily diverting attention, but making it a simple task to target honest users who are resisting corruption.

I know casting suspicion and hoping to be right is way easier than doing the research to prove it first, but this precedent of guilty until proven innocent needs to stop. This community highly values privacy, anonymity, autonomy, and decentralization, all things that are regularly stripped from users under this precedent. There are so few platforms left where there is even a chance of preserving these things. Don't let this forum be consumed by this malignant obsession with finding and punishing scammers at all costs, because they will ALWAYS be there, no matter how many you stop.

No. The purpose of the flag system is to warn other users about potentially getting scammed. Nobody is saying anybody is "guilty" because this isn't a court of law. What we are saying is that this guy is demonstrating untrustworthy behavior and users should take caution before entrusting this person with their funds. So far he has put forward little to zero evidence that he can actually do what he is claiming to do. What he has put forward is a bunch of disjointed nonsense backed only by an outrageous ego and air of superiority.

Feel free to oppose the flag if you'd like.

You could warn others about being scammed before the flag system. The flag system was added to create some due process and a standard of evidence before accusations are lodged to stifle this exact kind of abuse.

Oh this isn't a court of law? No shit. The point is you are casting aspersions then trying to build evidence around your conclusion afterwords. You accuse, then demand he prove his innocence. That is exactly the standard of guilty until proven innocent. I should also point out the additional onerous standard of popularity contest that these accused people must cater to in addition to being forced to cater to these accusations. This is made evident by your comments about ego and an air of superiority. Who gives a fuck, is he a con artist or not?

You are all just running around forcing people to not only submit to your inquisition, but when they don't give you the proper amount of reverence you feel entitled to, then it doesn't matter what facts are presented because he refused to bend the knee and humble himself before the grand clown council.

You accuse him of having a huge ego, but this whole system is about projecting power and authority over the user base, and burning down anyone who refuses to kneel before you. This is nothing more than a protection racket that no one will speak up about because they are afraid of being targeted next.

Congratulations, you managed to type 4 paragraphs while saying nothing.

Just oppose the flag and be on with your day.

I don't have time to deal with another cryptohunter.

I see. So it is ok for you to run around making unsupported allegations, but supported allegations against your own behaviors are not acceptable. I think you need to prove to me you aren't involved in a protection racket because you seem to have a large ego and air of superiority.

He didn't exactly say the words "guaranteed returns" in his OP but this is the closest thing to it which is also promising the user he won't end the month with a loss. Of course this is enough for me to support the flag as well as give him my red tag. I just don't want the members here in the forum be fooled by these kinds of services, he also promised an 80% "winning rate" without showing any record or proofs with previous trades is absolutely unbelievable.

Well, just discovered this thread.

I would like to thank eddie13 and TECSHARE that at least approached my business with a doubt, and not the certainty of me being a scammer because "making money with bots and markets is impossible".

I won't go over the accusations posted in this thread because i replied to all of them in Meta, with knowledge,data and reputable sources.( just want to add that i never asked money to suchmoon, i asked her to deposit on her account and to test the bot for free, i would have paid her vps)

The point is clear to everyone, the rule is guilty until proven innocent, and once you prove yourself to be innocent.. that's not enough either.


I've posted every single trade since i opened the thread (https://bitcointalk.org/index.php?topic=5182103), they are collapsed because the same users that i roasted keep reporting all my post, and even though the ups are legit they get deleted if i don't collapse them. There is a public api key. There are 600 trades of backtest, which are mandatory for any serious bot. I'm sorry if i don't have 20 months of data in the demo account if the bot was made during august.

The funny thing is that not even a technical impossibility of scamming, 100% win rate, almost 30 real and accessible trades in less than 3 weeks, all the infographics, onepager ecc. were enough to avoid the scam and ponzi accusations.


I would also like to add... anything that is clearly not related to Arakne, is from a previous bot which is not a market maker but a swing trading bot that is no longer being offered.
Since Arakne is bulletproof, you had to dig up to a dead june thread to find something to attack . Also congrats, for promoting casinos in your signature while faking to be worried about other's safety. pathetic  

Lastly i would like to clarify by background, and why a translator popped out of nowhere with a bot that is publicly killing it.

When i started the translations jobs, i always pointed out  (https://bitcointalk.org/index.php?topic=2997824) that



And i don't regret any of the ton shit of garbage i had to translate, firstly because i got a few gems that helped me out, secondly because that journey allowed me to build a lot of connections that last until these days. I don't get why the translation job is being discriminated, the pays are more or less equal to high rank signatures, but without being forced to post trash.



About FruitBaskets, he's a great guy and i thank him so much for the support. i know he's a dev, but he didn't had any part in the development of Arakne. He was lucky enough to see my thread very early and gave it a shot. His opinion is the only one that should matter, since he tested the bot since the very launch. If you see the screenshot balance he posted (https://bitcointalk.org/index.php?topic=5184519.msg52462616#msg52462616), his roi is even 5% higher than the demo account, simply because the demo got created 1 day after the launch and missed a trade.



Finally, i understand that there are so many fucking scams in here that everyone is just rushing to call for scam at any occasion.
I only asked for DYOR. I provided every kind of info or evidence possible because i knew this would have happened. Very few even read my thread, and is easily understandable by the feedback they left.

The meta thread was a trap for a very common animal living in this forum, and it worked partially.
I got a lot of attention, a bunch of people that started the testing with 100$ and even met an amazing user that surprising covered most of the 5 btc of funds we were looking for to manage on bitcointalk. Just to let you understand the level of this forum , the guy expressly said to leave his name out of the whole shitstorm because he's scared of people targetting his account too.
What didn't work is the amount of shit i received, now i always have to explain to people why i have all kind of red warnings   ;D

Bicointalk is dying slowly, most of smart people are gone... and don't fucking wonder why.
What is left is hunters spamming, trolls, lots of scammers, and big ranks promoting all kind of casino and games.
Ah, i forgot there are even girls you can pay for btc to have sex on skype, they are allowed to run their business though...

 

So what's next for Arakne and CryptoSparks?
For Arakne:
Since we reached our cap today, Arakne's subscriptions will be closed on monday, simply because there's the promo still on. But don't worry, API KEY will still be available and the trades will still be posted.

For CryptoSparks:
Roasting and Roasting on the horizon. Since Arakne is all set, on October you guys will be so lucky to see my second bot, Phoenix. If you though 500% roi in 20 months was impossible........... well.. don't wanna spoiler.  we will have so much fun  ;D

ps. i wonder why the other devs are on my side , while the opposition is made by pure ignorance.

As always, first they yell scam/ponzi, give red trust, open flags.. all without having the necessary knowledge to understand the technical workflow of our business model or even 1 piece of evidence against us.

Then when they receive the answers, pooof. disappeared.

That's why "spineless".
;D

Never bend the knees if you are running a legit business. Let the facts and your clients talk for your business and exploit the visibility that trolls give you.
Hopefully our story will teach something.  

As has been pointed out to you several times already, you are a habitual liar incapable of honestly representing yourself and your services. Despite your massive arrogance and litany of unsubstantiated, over-the-top claims, you've only managed to actually demonstrate that you've made winning trades equaling to $11 across the span of 20 days. Had you made these trades for you clients they would currently be sitting on a loss, thanks to owing you 30% of their profits + a $10 a month "VPN fee".

Why are you charging every client this fee anyway? The more clients you have, the less the fee should be for each one.

Every time you speak you raise more questions than you can provide answers for.

Your one defender in this thread didn't even bother to oppose the flag against you. Shows you how much support you actually have here.

https://i.imgur.com/yrHCYCK.png

I don't see cryptohunter err tecshare's name on here, do you?

Can anyone believe how ignorant a person can be ?  What he's assuming is that 33 wins in a row and +15% (https://bitcointalk.org/index.php?topic=5182103.msg52370146#msg52370146) would have been a losing investment which is totally false because we require at least 100$ as starting bankroll. That would have been 5$ profit considering the 10$ of monthly vps fee. But is not that the point. The point is that trading is all about %. And we wouldn't have even taken 5$ as commissions since is basically equal to a btc transaction fee. Our pay in a similar situation would be a new happy client that after a positive month of testing is ready to deposit a bigger bankroll.

 I will just post the replies he already received.







The only ones that are at loss are the people that go betting by clicking on your signature. THE BTC you get paid everyweek come from REKT people. SHAME. SHAME. SHAME.
We earn ONLY on people's profits. You earn on people's rekts.
We don't even take the commissions if the amount is insignificant

Yet you have the ass-face to fake interest in protecting the naive users.  disgusting.

How many times do you I have to tell you that this isn't a court of law? Stop using terms like "innocent" and "guilty." Nobody here is thinking along those lines except for you. The fact stands you didn't even oppose the flag or try to work with theymos' new system. If you don't like it, cry to him about it, not us.

In short it seems as if you're intent on being the new resident Reputation troll.


Way to rearrange the debate to cut out replies I already made that addressed every single issue you now want to pretend is left hanging. Again, you are concentrating too heavily on deceit, ego and manipulation in order to promote your "service."

I've already invested far too much time in countering your lies. Try being truthful for a change.

People can understand who is the liar don't worry. Everytime i reply, i use knowledge, facts and reputable sources. While when you talk... is such a low level fud that is clear you can't even be that stupid, but you are driven by second interest.

Go hide under a rock instead of spamming casinos all day and faking interest in protecting people from losing btc.

I think that's the truest thing you've ever said. Congratulations on your new start.

Thanks, now go spamming casinos for the good of the people, you KING!

As many times as you need to feel better about yourself I suppose.

Innocent and guilty are very simple terms with clear meaning even outside of the legal system. Your semantic dance does nothing to change the fact that you have come to a conclusion first based on suspicion alone and are demanding that your suspicions be proven wrong rather than presenting actual evidence of malfeasance. This system of rule is the hallmark of totalitarians and dictators throughout history, and always results in many many more victims as those making the accusations almost never have any accountability if they are wrong. People aren't going to respect a system that is so arbitrary and open to abuse, resulting in even less people willing to play by the rules, thus creating even more breakdown of the community and people more willing to cheat and steal.

I am absolutely working within Theymos's system, and furthermore I was one of the primary proponents of him introducing a standard of evidence of theft, contractual violation, or violation of applicable laws of which this new system is based upon in order to help prevent exactly these kind of arbitrary accusations. You and your mob buddies are the ones not working within the system and are intent on raising your own profiles at the expense of the overall community which you pick out of a hat one by one to accuse.

This accusation is especially retarded as cryptocurrency is inherently a risky endeavor, let alone trading. You are attempting to enforce a standard that no one using a similar business model could ever meet. In effect you are dictating to this user what trading practices he may or may not use rather than bringing evidence of wrongdoing on their part. You might as well start tagging every gambling service if this is your standard of evidence. You and your wannabe internet police friends are the Bitcoin version of "permit Pattie." This is exactly what many people turn to cryptocurrency to escape, and here you are stripping that ability to have privacy, independence, and voluntary trade without 3rd party interference.

There's a certain irony in what you wrote above given you felt compelled to quote the affirmation a few posts earlier: (did you even read the affirmation?)


The fact that more don't affirm the allegation, or reject the contention is more to do with one side or the other has not made a compelling enough case, rather than to say because they don't reject it, they some how must be de-facto supporting a measure (without actually clicking on the support button).

Yes it is actually a style of "court" because there is no outside arbitrator.

Time to put your pitch-fork down and extinguish that torch. (and stop feeding the Trolls)

This is not a loan per-se , it's more like an investment,  simply because the only way CryptoSparks is going to repay the loan back to the lender is IF the bot works , if the bot does not work there will be no money left to repay the loan, CryptoSparks then will have one of two options

1-Run away and disappear
2-Borrow more money from other investors/lenders in order to repay the the previous interest, and then if the bot fails again , he will need to borrow more money again and again until he gets to the point of no going back and then he simply run away with whatever money left.

I have been day trading Forex and Crypto for long enough and I can tell you for sure that , anyone who has a working bot , especially a bot that has a similar success rate to the alleged results presented by CryptoSparks would not be looking to promote it on this forum, if he is so certain that the bot works he would sell his wife and kids and trade with 100x leverage for 2-4 weeks and become instantly rich.

CryptoSparks might not be attempting to scam, but he sure is willing to risk people's money without showing them the complete risks and consequences of using a trading bot especially on Bitmex, so this can also be considered unethical and probably illegal in many places.

In the best case scenario CryptoSparks is simply asking for 5BTC loan that has 50/50 chance of repaying, which is risky enough to be flagged for, some of those feedback are not appropriate , but the flag is more right than wrong.

Again, do you have any evidence of malpractice or just more speculation and suspicion?

"bob123 alleges: Due largely to the factors mentioned in this topic, I believe that anyone dealing with CryptoSparks is at a high risk of losing money, and guests would be well-advised to avoid doing so. This determination is based on concrete red flags which any knowledgeable & reasonable forum user should agree with, and it is not based on the user's opinions."

The flag requires "concrete red flags", I.E. evidence, not just suspicion. This is not a valid flag.

This is the problem of your point of view:


If you have a winning strategy, doesn't mean that if you go 100x (people still do that btw?  ;D) you will still be able to apply that exact strategy.
I honestly think there's no long term winning strategy that can survive the risk of 100x leverage.

Going back to our bot, leverage is dynamically set based on many factors, there's no way to set a higher static leverage to maximize the ROI.

I get your points about the lending request, but i repeat that it was more of a partnership proposal to the liquidity providers of this forum(the lenders).
Who would take a loan leaving the funds in control of the lender? The proposal should have also marked how using us as service providers instead was a way better option.  ;D ;D

The loan would have been repaid monthly from the same money sitting in the trade account. The mathematical and technical impossibility to liquidate the full account, the 2 year of data showing how the avg risk involved per position is only 5% while the avg monthly ROI is 25% , and ultimately considering the scheduled income coming from set commissions, would have EASILY allowed us to pay the 5% monthly interest and the 10% payback, giving the lender a fixed ROI while dumping the market risk on us.

As you correctly pointed out, the lending request became a issue only after the trolls realized how their attacks of "SCAM", "PONZI", "DON'T SEND BTC TO THIS USER' ecc were miserably failing because they didn't even take the time to understand our bulletproof business model.


Lastly i would like to point out that the 100% win rate (https://bitcointalk.org/index.php?topic=5182103.msg52370146#msg52370146) we are keeping since launch is not alleged, but printed in stone and easily verifiable via api key provided in our thread (https://bitcointalk.org/index.php?topic=5182103).

I wonder if anyone on DT1 has realised yet this thread has become a platform for CryptoSparks' services?

Does this fact apply to those who ask you to send them 0.25BTC and receive 1BTC in 24 hours ? assuming it's a newbie account with no "evidence" that would support any flag?

if you want to talk about solid evidence then 90% of online  scammers are innocent, simply put most evidence are just screenshots of conversations and shit, they can be easily faked, the same thing applies to all gift card scammers and any other sort of internet scam, good luck having a solid proof against any online criminal, based on your theory we might as well just cancel the whole idea of the flag system since we rarely present any solid proof that would satisfy you and ask the victims to take their cases to court.

TS, let me ask you a question, would you lend CryptoSparks 5BTC if you had that ? I bet on NO , simply because you do know that it's very unlikely you going to get your money back, if Theymos or any other trusted member asked for the same loan, you probably wouldn't mind , despite the fact that there is no solid evidence that Theymos is going to pay back neither CryptoSparks would scam you, logic is stronger than evidence in many cases, this case is no exception.

None of your rambling matters, The fact is Theymos implemented these standards in order to stop arbitrary accusations without evidence, and you have none. An environment where anyone is subject to arbitrary accusations and is guilty until proven innocent is far more destructive than an environment where some scammers slip through the cracks (which you will never stop anyway). This is an invalid flag and an abuse of the system as it was designed.

Every time you get asked a question you can't answer you start being rude and disrespectful, if my "rambling" does not matter then stop quoting my posts and go do something better with your life.



You have been whining about everything regarding the forum for years now, and nobody seems to care about your worthless opinions, you have been here for 8 years probably repeating the same shit over and over again, how long more till you realize that crying about every thing in this forum won't change a thing? or maybe this place is not for you after all.

If I am wasting my time posting here, what are you doing? Your posts are most valuable and sanctified are they? This is not a place where people trend towards politeness, and frankly I don't give a flying fuck if you or anyone else thinks I am rude. I treat people with as much respect and politeness as they give me, and you simply don't like being treated in the way you treat others as you join this little mob to cast aspersions to raise your own profile.

I have been raising these issues for years because unlike you I was around long enough to have helped build this community and recognize this behavior as antithetical to the entire purpose of Bitcoin. I don't need your approval or the approval of anyone else for that matter. I know for a fact my efforts have yielded results even if you are to dumb to realize it.

Now that you are done with your own pissing and moaning, do you care to present any evidence to support this flag or do you consider your suspicions alone sufficient regardless of the stated flag requirements?

I stated my opinion regarding the subject in hand, you quoted my post and started a discussion, I politely engaged in the discussion, and then the first thing you wrote was :

I treated you with respect, and based on your alleged way of treating people you should have been respectful to me, I think the only time you to talk nicely to someone is if they agree to your thoughts, if they disagree, it gives you the right to show your disrespectful attitude.


What mob that is ? you mean the gang?   hate to tell you that i have not been accepted yet, going to apply again next week , I have better chances now after I "cast aspersions" , I might need to cycle a few more merit and then I am good to go. ::)


Rambling, Nagging and whining do not help build any community, speaking of how you "helped build the community"  , 90% of your posts are either in Politics & Society (useless for the forum ) and Market place ( You selling your stuff and that does not do anything to the community, in fact the community is doing you a great favor by providing you a great platform to trade) and the rest of your posts are either in Meta or Reputation (Obviously crying and whining about trust system/merit/mods ,,etc)

I hate to break it to you, but you are really just an average forum user, that is not bad per se, you just need to reconcile with yourself and move on.

Adios,

That was a mistake, and in the jungle it only takes one.   Techy is still using posts I made six years ago against me.  :/


A successful pattern we should all follow!  :)

A "red flag" in this context is a warning sign (I doubt theymos meant a Chinese national flag). You might think that asking for a 5 BTC loan and lying about risks is not a warning sign but apparently for other users it is.

It's quite amusing actually how you moan about mobs and bullies, but you're the one expecting others to follow your only true religion while your opponents seem to be aware of the possibility of existence of different opinions. I'm starting to think that you may not be a "knowledgeable & reasonable forum user".

Nah, you have kind of been a twat from our first interaction including this one.  I don't need your approval, and you haven't been around long enough to have any clue about what I have contributed. Any chance you are going to get back on topic and present evidence to support this flag?


Perhaps because you were never once held accountable for your abuse and you continue to deny it ever happened.


The words he used were "concrete red flags" ie something solid and observable beyond mere suspicion. You are free to have your own opinions,you are not free to have your own facts and rules. No matter how abhorrent you think I am, I am still not part of a collectivist hive mind that punishes anyone of a different mind. I am just one individual that upholds principles no matter who they apply to. Its easy to feel right with a dozen of your friends ready to dogpile on anyone who challenges you. This is all that is wrong with the current default trust as it stands. Feel free to find some more friends to reassure you of your correctitude in your arbitrary witch hunts.

It is very observable that CryptoSparks asked for a 5 BTC loan and said it's risk-free (https://bitcointalk.org/index.php?topic=5184519.msg52451121#msg52451121).

You don't uphold any "principles", you're just making shit up when you're unable to get someone to agree with you. You can't be possibly dumb enough to believe that your incessant yapping about your virtuous character means anything to anybody except yourself.

Of course it is observable. Objective proof of fraud it is not, just an assumption. I know for a fact others agree with me. Most won't speak up for fear of being the next one targeted arbitrarily in retribution for challenging the hive mind. After all burning witches at the stake makes you look good and raises your profile. Defending people from the witch hunters is just work that will result in retribution, why would they speak up?

Even if no one agreed I would be perfectly happy calling out your double standards. If you haven't noticed yet I have little need to have the approval of others when pointing out these logical inconsistencies. Unlike you I don't measure my self worth based on the judgements of others, but hey maybe if you keep trying to marginalize me suddenly it will work.

Objective proof of fraud isn't needed for a type 1 flag.


I'm open to dissenting opinion, and you're not the only one dissenting. You've just overlooked the others because their existence doesn't fit in with your narrative. And your dissenting isn't even based on an actual analysis of the situation at hand but rather your desire to troll the regular targets. You should probably add CryptoSparks to your trust list as your next move, if you haven't already.


Suchmoon doesn't need to "raise their profile" (whatever that even means) as they - unlike you - have long been considered a voice of reason around here.


And that's the problem. You measure your self worth based on your own judgments of yourself, which is why you are so out of touch with reality and nobody takes you seriously.


You marginalize yourself every time you enter the fray with a bullheaded attitude that is based on little other than the desire to attack your "opponents."

If the partnership request to lenders is the real problem, why didn't you all attacked that at first? Why do i have all kind of illogical feedback?

Why can't you understand that the "risk free" is referred to us taking the market risk while giving fixed interest to the lender that would have still access the funds?

I guess the answer is... you got roasted on every other aspect, and in your case little shiba, because of huge lack of technical knowledge. much wow!



I also find very funny how most of you guys, and ladies, start your accusation with something like:




Just an advice, if you don't know anything about a subject, don't pretend to know better than who works in that field.
You can have your opinion that "is impossible to make money with bots and markets", but that is just.. your personal opinion.

Your pointless flag states:

Due largely to the factors mentioned in this topic, I believe that anyone dealing with CryptoSparks is at a high risk of losing money, and guests would be well-advised to avoid doing so. This determination is based on concrete red flags which any knowledgeable & reasonable forum user should agree with, and it is not based on the user's opinions.

Is clear that the bold part is totally untrue, since you have 0 concrete evidence against us and all your accusations are based on personal opinions and lack of knowledge.


Also stop with the " is hard to find evidence" theory. Is very easy to spot a scam and prove it. The fact you have nothing against us even though you have access to the live demo account via api key (https://bitcointalk.org/index.php?topic=5182103.msg52370146#msg52370146) ( special link for suchdumbmoon and smallbrainers (https://bitcointalk.org/index.php?topic=5185826) )should make you think.




Where is the "concrete red flags which any knowledgeable & reasonable forum user should agree with, and it is not based on the user's opinions. " ?
Why there are knowledgeable & reasonable forum users that don't agree with it?

Funny how you pop out only now that a few of your pathetic internet police buddies came out of their dirty holes, don't you have casinos to spam? did you get your weekly payout based on the rekts that you bring to sportsbet?

"concrete red flags" = objective evidence

It does not mean guesses, suspicions, or assumptions, all of which are not concrete but arbitrary and completely subjective. I am not overlooking anything, I am refuting their arguments and bringing attention to the fact that this kind of arbitrary enforcement will not only not prevent scams, but will result in people disregarding the rules even more because of their arbitrary and selective enforcement breed disrespect for the rule of law. No one respects a system of rules for thee and not for me.

Many people argue trying to sell your account is grounds for accusations of fraud, yet some how you remain trusted, funny how that works. Could it be because these inquisitions are more of a popularity contest than an examination of facts? Either the standards apply to everyone or they apply to no one, and for them to apply to everyone they need to be well defined and objective.

Most of the people running around accusing people built their reputations on doing so, regularly at the expense of innocent users with no repercussions to themselves. Furthermore they prevent dissent to their opinions by creating an atmosphere where anyone can be made subject to these arbitrary accusations and scrutinizing every action they have ever taken. Tell me some more about attacking my opponents while your entire statement consists of personal attacks and almost nothing on topic.

Here's a few "concrete red flags" for you that can be found just in your signature:


It might be free to connect but you are also charging people a $10 fee and 30% of all profits. If they make net losses for the month, they still owe you $10, and you lose nothing.


You have no guarantee that its "safe" other than your word. "Passive income" is also a term meant to attract a certain audience, mainly those who attempt to profit off Ponzis and MLM schemes.


This is based on nothing other than your word, and again you are just throwing out a big number in hopes of attracting a special kind of moron. Its a tactic we've seen employed by scammers hundreds of times. Just because you present "backtest data" of something, it does not mean that data was not altered to make things appear in your favor. You have a strong penchant for doing this as has already been demonstrated by you saying you've made 100% winning trades when the very data you've provided says otherwise. It might just be a little lie but it goes to show that you are willing to lie to promote your project.

We don't even need to delve into your loan request to present enough evidence to warrant a type 1 flag.

Nobody's saying its impossible to profit with a trading bot. What we are saying is the way you are going about promoting it is incredibly shady and you use several sales tactics that overlap with those used by scammers.

Nobody needs an intricate knowledge of your business model or the trading process to recognize your behavioral pattern and understand how the crowd that you are appealing to here is the same as that of Ponzi and MLM scammers. You throw out big numbers while saying your service is "safe, free and easy", which is all bullshit backed by nothing other than your word and a handful of verifiable trades. That's what warrants suspicion about your project.

Like I tried to say earlier before TS derailed the conversation, come back when you have several months of verifiable trade history under your belt and then we'll talk again.

TL;DR

Prove you are innocent or we will assume your guilt and penalize you based on assumptions that could just as easily be false as true.

So those are concrete evidence of us being scammers? Are you serious ?  ;D


They owe to the vps provider 10$, not to me. They also can chose to run away with profits after the first month without paying the commission. At the end of the day, we provided the service, delivered the profit, earned nothing. Did we offer the service for free or not?



what guarantees you want in trading other than a long term backtested strategy with safe money management? 500% in 20 months is safe and slow. you may not understand why backtest are very important, but win after win (https://bitcointalk.org/index.php?topic=5182103.msg52370146#msg52370146), more concrete and bulletproof guarantees add to the stack.



I'm not throwing big numbers ( 500% in 20 months is not even that big).

You don't understand why backtest (https://uploadfiles.io/x0indgpe) matters because your jobs is not related to algorithmic trading.

https://i.imgur.com/7gnaSmd.png

Can you force yourself to understand that since we EARN ONLY ON PROFITS COMMISSION we have absolutely no interest in faking data and providing a fraud product ?

We can keep fighting about the 100% win rate definition as much you want. that doesn't change the fact that is 100%. I will copy my previous replies for who didn't catch it:


https://i.imgur.com/lxrd4VF.png

Note that the negative PNLs of 0.0001 mBTC ( 0.001$ loss) are created by instant 1 contracts trades necessary to escape a bug in the bitmex websocket's position endpoint. After several days without trades, the position value restores and the endpoint returns error when trying to access it. This causes the bots to crash. What's the solution until bitmex fixes the problem? Make instant 1 contract trades to unlock the endpoint. That 0.001$ loss is the fee paid as taker(necessary to close the "unlock trade" in less than 1 second) and the mathematical loss that come from the 0.5$ of spread between the ask and the bid.





UHM, SORRY? I had pages of fights about this.  Here's a little extra:
https://i.imgur.com/6oSozgH.png







You need BASIC knowledge to at least understand what the fuck we are talking about. Your first feedback was:

https://i.imgur.com/jDtSp1r.png

If you had at least read our thread, you would have known that no btc is ever sent to us, instead they are manged on bitmex via public api key.



With what? Also is that the reason you changed your negative feedback from the one posted above to a new one referring exclusively at the partnership with the lenders?






I wish was that easy, no matter how many times and in how many different ways i prove we are legit.... they will never accept that they were wrong in the first place.






Imagine someone, unfortunately, kills suchmoon. Police come and take you from your home, exposing you at family, co-workers, and media as the bloody spineless murderer.

Even if you have a bulletproof alibi and there are no evidence that you have beaten suchmoon to death, the jury sends you to prison with a sentence:

"Meanwhile go to prison, if we catch the real murderer we will get you out of there don't worry."


This is what all the CryptoSparks' hunt looks like.

No, its evidence that anyone dealing with you as at high risk of losing money.


Another lie, unless you're saying they directly pay the VPS provider $10. Is that what's happening? Besides, why do you need to collect $10 from each client? Shouldn't the total VPS pool from all clients be about $10 for 1 month?


If you don't ask for $10 or a 30% cut of supposed profits for the first month, then yes, your 1 month free trial is indeed free.


No, its not. And you have no proof of this. Your "backtest data" is garbage as far as the real world is concerned.


I understand you think everybody should take your word as 100% true.


Again, I understand you think everybody should be taking your word at face value, which is hard to do given that you have a propensity to lie and exaggerate.


Another lie. Granted you have at least 2 clients a month, you are profiting by collecting your VPN fees.


OMG. You are unable to admit your record has losing trades, despite the evidence being clearly there.


If its a "winning trade" then why does it yield a negative return?


There's a clear difference between "a profit" and "constant profits." You don't even know that you can generate constant profits. Whatever works for you this month might not even work the next. Like I told you, you can point to your backtest data all you want and people can decide for themselves if they want to trust your word or not. Regardless, it comes down to a matter of trust, and absolutely nothing more.


Again, clearly not the same thing as saying "impossible."


This is an idiotic, overly dramatic and non-applicable comparison. Nobody put you in prison, jackass. We're just trying to warn others that you are exhibiting untrustworthy behavior that has more in common with scammers than people offering legitimate services.

I'm thoroughly bored now of you arguing in circles with me and am not giving you any more free exposure.

Have a terrific day.

If this is your arbitrary standard, then you best get to work tagging every single gambling, betting, casino,and ponzi among others. Of course you don't do that you just arbitrarily pick people to enforce these subjective standards upon. The flags are there to help prevent fraud, not to prevent people from taking risks.



What guarantees you will wake up tomorrow? Again, you are enforcing a standard of guilty until proven innocent. If people want to trust random people on the internet to trade for them that is their prerogative regardless of how unappealing you personally find the offer.



But everyone should trust your assumptions as being 100% true?



He is at least presenting SOME evidence to support his position, you on the other hand are exaggerating and lying in order to justify your arbitrary inquisitions.



Now every single trade needs to be a winner in order for this bot to be profitable? Have you ever even traded manually let alone using a bot?


Are you sure you are not reading the log in reverse?



This same standard could literally be applied to literally any tradings service. If people can decide for themselves who the fuck are you running around trying to tell people they shouldn't trade with him by plastering his reputation with arbitrary tags?


Thanks for proving you are a moron with no trading experience mindrust. Maybe leave the criticism to people who have experience with what they are talking about. No you aren't saying it is impossible to profit using a trading bot,you are just saying it is impossible your accusations and suspicions based on nothing are wrong.


Is that anything like your an idiotic, overly dramatic and non-applicable comparison of this legitimate but potentially (maybe) risky service to fraud? You aren't just warning people, just creating a thread would be just warning people. You and your cult buddies are arbitrating who does and does not get to have a reputation based on your suspicions alone.

Quit with the fucking lies already, it's cringy. The loan request and your "risk-free" assertion based on the ridiculous statement that an API key can act as a Bitcoin private key is THE reason why I red-trusted you and I made that quite clear. I asked you like a dozen times if that's really what you're claiming until I had no doubt about it.

I will stand until death to my definitions:

A Bitmex API KEY with withdraw privileges could act as a Bitcoin Private Key in controlling the funds, as long you have access to the email for withdraw confirmation and as long as the Api Key remains enabled.

An API KEY could instead totally act as a Bitcoin Private Key, since is a tool that shapes around the service that generates it. if the service is a simple bridge to a previously set private key, you can interact with it via an API KEY. The result? your api key would be private key.

I've made you this gift, didn't even appreciated it  :'( :'(
[FULL GUIDE] API KEY - WHAT is it , WHY you need it and HOW to create one  (https://bitcointalk.org/index.php?topic=5185826)



Anyone that is not driven by any personal interest in this matter can understand by the feedbacks that trolls didn't take the care to even read our ANN THREAD (https://bitcointalk.org/index.php?topic=5182103).
https://i.imgur.com/dcqAnru.png
NO BTC ARE EVER SENT TO US, WE CAN ACCESS THE CLIENTS' BITMEX ACCOUNTS VIA PUBLIC API KEY WITH ONLY TRADING PRIVILEGES

You got in this mess because of superficiality as for your own admission in META. You are worst than the other trolls because after that first step in the right decision, went straight back in full fud mode when i told you i would have not delete my feedback.




You are in a never ending loop because tried to attack at 360 degrees a bulletproof businessmodel and failed.

Have a pathetic life.

If we were to ignore the 5 btc loan request then that is true, you can't withdrawal your client's funds on bitmex, but you can make it disappear in a few bad trades, so technically thier BTC is at risk, it does not matter if you withdrawal it or lose it.

You could very well be legit and not willing to get rich by risking people's money but unfortunately most bot's creator are scammers who go by the rule " if the bot wins, i win, if the bot loses, who cares ?" - so you should not be surprised that people will tag for you this, think of ICOs, there are probably plenty of legit once out there, but what are the chances?   

Your reputation and rank matter too, you are not even in a position to trade 50$ worth of btc without escrow, let alone 5 btc loan.

I am not trying to be mean, I just don't want you to feel bad, nothing personal here, we just learned from experience that promises like yours are usually never kept , and people have lost millions of dollars trusting random people with random trading bots, we are only trying to protect the newbies by being extra conservative, some innocent users could be victims to that, but that is life !.

So your argument is even though he may very well be perfectly legitimate, statistically speaking he is a fraud? What kind of wonderful governments practiced collective punishment throughout history? What kind of freedom did people subject to those systems end up having? The flag requires "concrete red flags", not a standard of "well we guess he is a con because a lot of cons exploit this business model, so burn his reputation because statistically the odds are we are right".

I love it when people think I give a shit if they put me on ignore. All you are doing is saving me time arguing with you. Thanks for proving you have nothing valid to respond with.

I do agree that the internet is full of scams and ponzi based on bots, full of really bad bots (open-source and for sale) but i honestly think is not very fair to attack any similar service just because there are a lot of bad apples in the basket. We provided all kind of evidence possibly available that we are not only legit but profitable ( both real trading and long term backtest). Not many trading services utilize our business model. Most of them charge a fixed fee not based on profits or want the users to deposit on their platform instead of directly on the exchange. I wasted so much time replying to every accusation and debunking them with knowledge, facts and reputable sources. All our threads are NOT SELF MODERATED.

We even started with 100% win rate, can't imagine the attacks if we would have got even a single loss.  ;D ;D

Please tell me what we could have made more to prove we are legit ? Because i honestly don't know.

You are talking about ranks, maybe i should have bought a legendary member account ?

Can you see how the current system is being abused and even the legit people are driven in breaking the rules?

This is the majority of my objection with these kind of "proactive" (arbitrary) flags. If there are not victims coming forth, then you better have DAMNED GOOD evidence to support your accusations. Just whole sale burning peoples reputations assembly line style is extremely corrosive to this community whether people realize it or not. Unfortunately people don't really understand until they have been on the receiving end of it. I am sure it makes the accusers feel like they accomplished something, and it is a good excuse to raise their own profile and signature spam arguing about it, but it is at the cost of driving out legitimate users, most of which who leave and never return while giving real cons cover, and they simply come back on a new account seconds later anyway.

Now I can already hear the autistic screeching replies "So you think we should let people be robbed before we do anything?!" No. By all means, start a discussion and raise attention to users you find suspect if you think it is necessary. What is not acceptable is burning peoples hard earned reputations in a sea of con-artists because you want to reassure yourself of your super scambuster status. I hate to break it to you, people who are getting conned will continue to get conned, no matter how many reputations you preemptively burn down right or wrong. Preemptively flagging people is like throwing out all the bread in a food kitchen for the homeless because bread often gets moldy.

Stop playing blind whack-a-mole with people's hard earned reputations. It is tremendously difficult to build a reputation where random people over the internet who don't know you will trust you with money in this sea of fraud. Have some respect for that. No one is going to put any effort into building a community that doesn't respect that because building a reputation here is very difficult and time consuming. People aren't going to make that investment of time and effort if it can be arbitrarily stripped from them at any moment.

Just an interesting update:


Arakne is still 100% win rate with 75 wins and +34% since this war started.. (https://bitcointalk.org/index.php?topic=5182103.msg52370146#msg52370146)

while more and more people fall for your miserable spams all over the forum of gambling platforms



 

YOSHIE (https://bitcointalk.org/index.php?action=profile;u=2363935) , CryptopreneurBrainboss (https://bitcointalk.org/index.php?action=profile;u=1052091) , examplens (https://bitcointalk.org/index.php?action=profile;u=314792) , morvillz7z (https://bitcointalk.org/index.php?action=profile;u=1825672) , Coolcryptovator (https://bitcointalk.org/index.php?action=profile;u=1980983) , DireWolfM14 (https://bitcointalk.org/index.php?action=profile;u=2003859) , Theb (https://bitcointalk.org/index.php?action=profile;u=898928) , JeromeTash (https://bitcointalk.org/index.php?action=profile;u=1190631) , nutildah and friends: (https://bitcointalk.org/index.php?action=profile;u=317618)

SHAME. SHAME OF YOU.
PRETENDING TO CARE ABOUT OTHERS, WHILE YOU CARE ONLY OF EATING YOUR SIGNATURE BOUNTY.

YOU ARE DISGUSTING.

I hope Karma exists and you will live the rest of your pathetic lives with 50$ per week.

Just because you claim one deployment of your bot managed to rake in a whopping $22.50 over the last 2 months and 9 days it doesn't make you trustworthy, especially given your previous claims. Sorry to burst your bubble kid. Perhaps consider marketing your bot elsewhere.

Wait, you mean he doesn't have 800 BTC (https://bitcointalk.org/index.php?topic=5182103.msg53056414#msg53056414)? Or even the 5 BTC (https://bitcointalk.org/index.php?topic=5182103.msg52528479#msg52528479) "cap"? I be shocked. Next you're gonna tell me he's not actually been doing it since January (https://bitcointalk.org/index.php?topic=5182103.msg53056414#msg53056414).

https://meem.link/i/a/6qDrb74.png
Edited 2020-11-30 to fix a broken image

Oh you guys are so easy to roast that i'm almost losing interest.

How hard can it be to understand that in trading you always need to think in terms of % ? Find me another hedge fund that can keep a +35% per month with 97% win rate over at least 2 years and in the most manipulated market in existence.

How hard can it be to understand that the account i'm showing is not my personal account and is there only to give evidences that the bot is legit? Anyone can access it by linking the following API KEY to portfolio trackers like
https://www.coinmarketman.com:

ID:
SECRET:


How hard can it be to understand that every client of mine has and controls his own private bitmex account and that i'm not entitled to display them ?


How hard can it be to understand that they only give me API KEYS with trading privileges only and the bots connect to their bitmex safely ?


I guess, for some retarded people, pretty hard.

 

Yup, correct, i'm not an hedge fund. I'm a crazy guy that brings professional automated algo trading to the mass. Who are you btw ?

Everything you write after that is wrong:

First my commission is 30%, second, i've already explained to you that graphs are generated by the backtest engine. Remember when you exposed your ignorance on the importance of backtesting?
The backtest can be done with any initial bankroll, i've set it to 100 BTC because i use the trade history file to show to big potential partners how Arakne can manage big capitals and their exponential growth.
If you are interested on the funds currently managed by Arakne, is a little above 60k usd- but don't worry, is growing fast (https://t.me/Arakne) :)

And you are absolutely right, i don't need this forum. I just don't tolerate ignorance and hypocrisy

So you're lying when you're saying that you have an 800 BTC bankroll. You don't mention backtests anywhere in that propaganda post with charts, you're just saying it's your bankroll.

I had open fights with you guys above backtest importance and now it turns out i never said graphs are backtest ?
Short memory uh ?
Nice try.





Where is written that Arakne has 800 btc in management ? please link to me.

Download stats file of graphs and is clearly stated is backtest.

There are pages of fight about backtest accuracy.

And now you are falling off the trees..  ;D ;D

( btw i think ducks are hungry, you should take care of that, or maybe you can find a building site that you can complain about)





The backtest is made with big capitals to see the limits of the strategy, and up to 800 BTC , with 2-10 BLN USD DAILY VOLUME on bitmex there's no problem so far.
I could start talking about why slippage and fills are not an issue for market makers, but you would have no idea what i'm talking about it.

There is your chart literally two posts above yours. It says "ARAKNE's Bankroll in BTC" and shows 800. Are you gonna try splitting hairs about "bankroll" and "management" and shit like that?

You know right that words are important and have different meanings? ( as in the api key vs private key odyssey  :'( )
One thing is a bankroll, another is the total funds in management.
You would get that if you could understand that in my business, each client has his own bankroll, has his own bitmex account and that the bot can only create and cancel trading orders.

Do you have 800 BTC or not? Can you sign a message with an API key (because according to you it can act as a Bitcoin private key) holding that amount so that we wouldn't have to call you a liar?

from almost 2 months ago , first page of my thread, replying to mr nutildah.(after that follows a long discussion about why backtesting is important)
The only pathetic liars here are you . And you are not even good at it
Also, the success of my business is based on bot's wins. Why no comment on that uh? ever made 75 wins in a row you losers?











Such a market expert, from the guy that doesn't even know the difference between maker and taker orders. From the guy that says 75 wins in a row and 100% rate is just 20$ profit. Please go and explain why slippage is a problem for market makers and why Arakne couldn't manage 800 btc properly then.

Because IS the bankroll growth graph of an initial 100 btc capital managed by Arakne. Bankroll and Funds are very different words with different meanings.

You cannot even attack the backtest accuracy anymore because the live trading on the open account (that i invite everyone to access via the Public Api Key  (https://bitcointalk.org/index.php?topic=5182103.msg52370146#msg52370146)) since september 3rd shows the same trades and same roi growth ( with of course different compound level).

Is useless to make graphs of Arakne Funds because i repeat, every client has his own bankroll and his own bitmex account, from which they can withdraw and also add funds at will, so even if i would display that graph would not be a true data representation of ROI generated by the bot.

Still awaiting your explanation on why slippage should matter for market making, do you even know what that is ?

Funny how a well known scammer like you (https://bitcointalk.org/index.php?topic=5184720.msg53074449#msg53074449) attacks a 100% win rate, with plenty of users(even legendary (https://bitcointalk.org/index.php?topic=5184720.msg52528344#msg52528344)) posting screenshots of their account, while promoting casinos and betting platforms that have games coded to make the player lose on long term. People are getting hurt and addicted, they ruin families and is plenty of threads constantly popping out of people even thinking about suicide (https://bitcointalk.org/index.php?topic=5200200) .


Funny how those services are not flagged as high risk!

Funny how the suchmoon nanny of the forum doesn't care about serious problems like that, i call that hypocrisy, and is such a shame...

Funny how the loan services in this forum ask for 150% collateral with up to 20% monthly interest, worst than any Mafia.

Funny how we're talking about decentralization of the world while this forum is an oligarchy based on fake merit units.

So mr nullity , go ahead, keep doing what you are doing, because i will never stop bringing automated algorithmic trading to the mass, helping them escape the economic slavery that your spamming is also responsible for.

Shame of you and people like you, that sell their soul for 50 $ per week. That are ignorant and refuse to learn.

Guaranteed returns are only

1. Arbitraged bets

2. Arbitraged crypto trading.

Any other scheme including this one is a scam.

Quote where i promise guaranteed returns.
If my business is a scam, where are all the people crying ?Why everyone is super happy and post screenshots of balances?             
Why don't u access open account and watch for youself the 75 wins in a row?

I guess is much easier to shout your opinion without bothering to do any research and disappear.

I guess it is much easier to act like a total cunt than to realise you are alienating your potential client base, treating senior members who have forgotten more about bitcoin than you will ever know like pricks and on top of that also preventing yourself from getting vouches from these same senior members who would be the ticket to turning your tin pot pajeet level trades into something outstanding if what you are saying is actually true.

So advice from me is stop being a cunt, stop acting emotionally and start thinking with your bitcoin wallet in mind - although I guarantee you wont do this and will come back with some 2bob response.

So according to you, you have over 800 BTC under your control and make 35% profits on it monthly. What do you need the forum for?

Don't just say "no, the 800 BTC is my bankroll." Do you have 800 BTC or not?

Wanna bet that in 2 weeks from now most of the people that attacked me will secretly join our platform ? We also offer better affiliates payouts than GunBot  ;D




Keep pretending not to understand, at this point is clear you are only trolling. Otherwise i'm very sorry for your condition, i hope you have someone that supports you in life.

Do you have 800 BTC or not?

I replied to you 2 months ago first time, than a couple times yesterday. I will just quote it:

You've never once directly answered the question. Do you have 800 BTC or not?

It was a "yes" or "no" question, but let's just go with your answer here:



https://dictionary.cambridge.org/us/dictionary/english/bankroll


So, you don't actually possess 800 BTC, so why would you say they are in your "bankroll"?

https://i.imgur.com/6qDrb74.png

YES.

how much? escrow with MJ or Krog please. I bet that the majority of haters will not join your platform, I know you are small time so shall we say just 0.5BTC ?

Hero members plus that have posted in this thread and the meta thread calling against you only. confirm and ill go through the posts (or I am sure one of the data wizzards will do it in 20% of the time I will)

if not - punch yourself in the face and stop trying to play with the big boys you little twat

Dude, anyone sober and with brain in his head will tell you that you are running a PONZI SCHEME masked under the fake trading bot.

Fuck me just saw that, you slippery little prick - Gunthar has been around here longer than you have been out of school, is a legend and one of the most trusted members on this forum. He gets respect as he shows respect, by the sounds of things you were bullied at school son.

Parents really do fail their own kids not teaching them how to progress in life, right or wrong, even if you have a bot that will make people 1000BTC from a 0.01BTC investment you are failing to see your level of cuntness that is preventing you to achieve your full potential.

 ;D ;D



Still having doubts?
ACCESS THE LIVE DEMO ACCOUNT VIA THE FOLLOWING API KEY:
ID:
SECRET:


HOW TO VERIFY ?
Simply create account at https://www.coinmarketman.com
and link the above api key to see all trade and balance history





Literally the worst bot in circulation. Can't compete even with my weakest bot. Pathetic

??? you ignoring this?

So how can i be sure they will admit they joined? Liars gonna lie.

I have a better proposition, since you are promoting that dummy bot:

I put 3 BTC in a new bitmex account and let it manage by my weakest bot( Arakne) for 1 month.

You put 3 BTC in a new bitmex account and let it manage by GunBot for 1 month.

Both account need to have READ ONLY API KEY ALWAYS ENABLED. All trades are also posted on a dedicated thread. Only XBT Perpetual Swap Contracts.

Whatever bot makes the biggest ROI at the end of the 30 days, wins all funds.

don't fucking big man me with a bet then Pajeet pantyface run away when it is accepted, the combined net worth of the posters going against you is greater than the GDP of a small country you spaztard, you have been mugging off early adopters, I bought my 1st coins for $30 and some of the guys/gals you are being a twat to were mining long before me. So if "most of the people who attacked you" used your service you would fucking know about it - we would all know about it as you would be in here with some solid fucking proof instead of all this twat level shit.

so man up and take the bet or shut the fuck up, you are in a room with some intelligent people who have seen gobby little shites before. man up and follow through with the bet you suggested.

cunt

And when did you sell those coins? otherwise you wouldn't have covered every single space of your account with ads. You minnow ignorant troll.

Put your money where your mouth is and accept my bet. I will wipe out your gunbot configuration and will be an amazing marketing for my launching platform.

you don't like being paid for a hobby? BTC is BTC fella, add up what I earn in BTC over a year from talking to Pajeets like you and it would equate to more than your parents net worth.


I did accept your challenge for a bet with my terms, man up and agree to it my special little sugar tits

Fuck off CuntSparks and go away with your observable scam somewhere else. Flag supported.

So strange .. all wearing gambling platforms signatures . Maybe you can organize a fund rising and all together reach 3 BTC to accept my challange


 ;D ;D

Pathetic

How about you show us 800 BTC instead of deflecting? No one needs to prove anything to you, but you may want to starting proving that you're not lying if you want your service to succeed.

Did you go to the park today lady ? ducks are hungry.

Or why don't you flag all these scams platforms as high risk ? you don't care about people ruining their lives with games coded to make them lose long term? no eh?

A simple thing to be noted.

Even if you claim to have 60K USD + funds held, one should give its proof of holding by signing a message from the address. Still, even 60K $ is not an acceptable amount from a casino.

FUCK that telegram group if you want to show it as a matrix of your fund growing. STUPID MOVE!

Still same attacks, still same replies. Also i'm not a casino, i give tools that professionals use to the mass. The casinos are the scams that all these people are promoting. WHiLE my bot has 97% win rate and yet my business is the only at HIGH RISK. hypocrisy at its best

K, so you again lied in order to make your "service" seem greater than it actually is. Nobody with 2 brain cells to rub together is going to take you seriously.

Never lied even once(data, api keys, member's screenshots talk for my business), while you are a well known liar and scammer around bitcointalk, promoting casinos all day long then faking interest in protecting the users from high risk services. I pity your existence                      

Now you're lying about not lying.

https://i.imgur.com/6qDrb74.png

https://dictionary.cambridge.org/us/dictionary/english/bankroll



I asked you if you had 800 BTC, in reference to your stated bankroll. Your response was this:


60,000 / 8458 = ~ 7.1 BTC

So, you lied.

Go fuck yourself, scammer.

Enjoy your endless mediocrity in this dying forum pathetic scammer :-*

https://i.imgur.com/6qDrb74.png

https://dictionary.cambridge.org/us/dictionary/english/bankroll




What a stupid asshole. Nothing left to be said here.

_rbjC_vOwJBRupytRPo7nxYI

V8AU7GvMLSry4mpKnKD1Bu8PBuYpLZx88dfn40Nkq1Dm59GE

There is NO scheme except of arbitrage trading that guaranties returns. You are running nothing but a PONZI scheme masked under fake bot trading. I can only recommend you to fuck yourself up your scammy ass.

AND HERE IS YOUR TRUST PAGE:

https://bitcointalk.org/index.php?action=trust;u=1705958
 
The conversation is OVER.

This guy is hilarious. For how hard can it be to believe it, he's even more ignorant than his friend nutildah and the blind nanny suchmoon.
While the last 2 understood that they cannot attack my business with scam or ponzi accusation anymore, because there are live evidences against such claims as:

- Trading journey (https://bitcointalk.org/index.php?topic=5182103)
- API KEY with access to the live account to verify trading journey (https://bitcointalk.org/index.php?topic=5182103.msg52370146#msg52370146)
- Several screenshots testimony of high ranks Arakne's members (https://bitcointalk.org/index.php?topic=5184720.msg52528344#msg52528344) and new users that joined only for my service (https://bitcointalk.org/index.php?topic=5182103.msg53055951#msg53055951)
- growing fast community (https://t.me/Arakne) of algo traders and common users

mr mosprognoz pops out with the same message over and over, showing the buzzword he learnt probably on some youtube video and calling the conversion over because of course he has not other argument on his side.

So let me ask you a few questions, with 2-10 BILLION DAILY USD VOLUME on Bitmex, do you think that is all arbitrage ? do you know that the volume is the amount of wealth winners as us take from losers like you ? Do you know that market trading is one of the biggest industry of the world and the only one above every government? Do you know that trading is not about guaranteed return but about risk management over long period of time?


Also thanks for pointing out that useless page of a corrupted flag and trust system, that is not stopping people from joining because smart people think for themselves and catch opportunities when they come. I don't have to convince anyone with my replies, my work speaks for myself.  ;D

So no reply ?

BTW here's mosprognoz pathetic business, just another scammer.

https://bitcointalk.org/index.php?topic=5174415.

It looks like more they scam, more they go around pretending to fight scams, while they only fight legit business that are a threat to their scams.

And here all his flags

https://bitcointalk.org/index.php?action=trust;u=1094569;page=iflags

Also notice how suchmoon, nutildah,DireWolfM14  and other well known scammers protect each other in every flag. PATHETIC GROUP OF SCAMMERS WITH NO CONSCIENCE
Now everything is pretty clear, they are not stupid, they are a community of scammers!
 ;D ;D

https://i.imgur.com/6qDrb74.png


Just bumping this so newer members are aware, this user does not have an 800BTC Bankroll, this user isnt even likely to hold 800 Doge coins.

Dodgy pasta eating scam man - watch out peeps you have been warned

EDIT..


Just providing for info on what a cunt this user is,

Such mature, much smart. Respectable TMAN \s :D

much more respectable than you young man

I dont big up someone who gives me less returns than a happy meal!

$4.20

brilliant number but this bloke doesn't even get that significance

CryptoSparks locked his service thread (https://bitcointalk.org/index.php?topic=5182103), which is not surprising given that he can't ever admit being wrong. I just wanted to note that somewhere between his next-to-last and last post this change happened:



Not sure if his bot had another brain fart recently or he fudged the math again.

Out of about 7 "investors" who post in the Telegram, only 1 currently has a profit, from what I can gather. Everyone else is sitting on a loss right now. Oh, except for Gabriel (cryptosparks), of course. Even when everyone else loses, he wins.

I can only talk for my case (https://bitcointalk.org/index.php?topic=5206217.msg53238630#msg53238630),
I joined on november 29th with 0.15btc,
After 5 days I was at +15 % (approx)  : 0.175 (give or take)
Then there was a huge loss and a -30%
And since the 6th of december, my bitmex is sleeping and I am at 0.12BTC

We are more than halfway through my first month, and no profit to show. 

Sounds like at least some bot users were hit with another loss, this time 23.5%, around Christmas. Care to share with us your results now? I honestly hope you're not at -60% like some seem to be.

https://i.imgur.com/itBWIEr.png

I think he experienced the same:
https://bitcointalk.org/index.php?topic=5206217.msg53429756#msg53429756

CS seems to be gone also..but he seems to be doing fine, although the topic title is :
in the replies, it has already grown to ...

 ;D

Feeling sorry for both guigui371 and HCP on this experiment

Ah shit... if only there was some way of warning people that anyone dealing with CryptoSparks is at a high risk of losing money.

If only people knew trading crypto was risky in general...

"trading crypto" is not what happened here. CryptoSparks had no ability to do what he was claiming (risk-free winning trades) but with the help of scam apologists like yourself he still managed to collect a few hundred bucks to gamble away on his ridiculous leveraged martingale bets.

Will you support the flag now or are the red flags still not "concrete" enough?

Being a bad trader still doesn't make him a scammer.

He's not a trader, just a lying weasel. But you can't ever be wrong so you wouldn't admit he's a scammer even if he posted "I'm a scammer" here.

He misrepresented his abilities in every way possible, from overinflating the importance of backtest data to claiming to have a bankroll he did not have to altering his graphs to reflect a performance that did not exist.

Yet you're still defending him.

Their was reasonable doubt at first, then came his incredible claims, then his completely failed performance.. 

Definitely turned out to be a piece of shit and probably lied about a lot of things to even get the chance he got, aside from his blatant misrepresentations such as backtest results and bankroll.. 

I agree, there are a chain of incidences here and a person who's mouth is vomiting shit would always do shit.

He should have just accepted he is not an good trader, on the top of that asking other for funds to trade even after knowing he can't reach the promised profits is shady AF !

I am supporting this flag after lots of patience !

Objecting to the methodology used to tag him does not equal defending him. If we gave the police unlimited power to search people's homes without a warrant, no doubt they would find plenty of drug dealers and other criminals. The problem with that is it also strips the innocent of all of their rights. That has always been my complaint with this issue, it was based on speculation and guesses, not facts.

Sure, let me gather the latest data. 
I'll be back in 5 - 10 minutes

here it is :

You are defending him ipso facto pretending its simply a matter of him being a bad trader. You are wrong here. Your analogies carry no weight, because yet again I have to remind you this isn't a court room. Its not a justice system, and nobody is being tried or even accused of committing any crimes. Nobody has "rights" on this forum. All usage of it is a privilege that could be revoked at any second, for any reason. Not that we have the power to ban users anyway.

Level 1 flags are based on speculation. The text in a Level 1 flag reads:


Key word: believe.

The text guideline for leaving a negative trust rating reads:


Key word: think.

Usage of either component does not have to be based on "facts." They are both guided by personal opinion. The flag system is being used correctly here, as is the trust rating system.


Thanks for sharing the specifics of your experience.

You know I love our little chats where you just imagine whatever is useful to you at any given time to be true and just carry on as if it is fact. Funny how its not a court room when people disagree with you, but when you get to role play Stasi officer throwing accusations of guilt around then it sure sounds a lot like one. We have been over all of this already, not that this will stop you from eating your vomit and puking it back up again perpetually.

This isn't a court room, but you are indeed making accusations that have destructive effects on the community in general if not backed by demonstrable observable evidence, instead of just the best attempts of bored control freak losers pretending to be Mrs. Cleo bearing no responsibility for the damages false accusations cause. I know you like to imagine yourself in charge like all control freaks do, but you aren't and you don't get to unilaterally revoke these privileges no matter how much it gives your midget dick a chub thinking about it.

You really love cutting that flag description short to make it fit your Stasi LAARPing don't you?

"Due largely to the factors mentioned in this topic, I believe that anyone dealing with CryptoSparks is at a high risk of losing money, and guests would be well-advised to avoid doing so. This determination is based on concrete red flags which any knowledgeable & reasonable forum user should agree with, and it is not based on the user's opinions."

I don't care how many people you catch in your indiscriminate shotgunning of users. The ends does not justify the means and you bear no responsibility when you wrongly damage the reputations of others, which is why these standards of evidence were created to begin with to put a leash on people like you who simply enjoy lording over others regardless of the cost to the community.

Regardless of your interpretation, the flag on CryptoSparks is a perfect example of a Level 1 Flag being used perfectly for what it was intended. The flag was placed, some people invested anyway, and got creamed.

"Indiscriminate shotgunning of users"... what bullshit. This isn't true in the slightest. The only reason you're still typing is because you cannot bear being proven wrong, even though you are wrong on this forum on a near daily basis.

What is it you think you are actually doing besides defending a con artist? You're basically just trolling. You don't actually contribute jack to shit and have officially become just another cryptohunter... Lost their mind after receiving a negative trust for being an incessant asshole.

That negative trust is not warrant to anyone with his right mind, looks nice of you laughing at users about the abuse they have faced and not even reacting to it only because you have personal grudges.