Taxes on profits.


You buy £5000 worth of bitcoin in a year and sell for £20'000 in total - £15'000 is taxable.


Minus the (£9000? roughly anyway) that is an untaxable income allowance, you now have £6000 that is taxable by the HMRC I believe that is 15% tax?

He is now a month late launching.


Magically got expensive, powerful mining gear after I invested 50k. Promises the mining gear will increase our dividends by 5/10x over, never increases - where has that money gone? His pocket.


Tried to be anonymous at first, didn't do a good job.



Asked for a month for some sort of proof of exchange, wont provide it.


Tried to make me partner in coinpal.com and told me there was 4 partners, later to find out it was him on his own.


Wont give up developers name. Says developer wants to be anonymous. Also uses his best friend as an alias, his best friend later adds that he has nothing to do with coinpal.


Don't invest - luckily I sold my shares. 50'000 of them for like 8000's worth due to my error, extra decimal place (face palm) The rest at the price I paid, so I invested 52.5BTC, and will end up with like 30BTC back. However, I'm still due my large dividend payments he promised so I'll be looking for them.



My attorney has issued with a court that he will be summoned to provide personal and business financials to the court, if any of Coinpals investors money has been used on Mining gear, it will be seized and belong to the shareholders. He will also need to provide proof of money spent on the exchange, if not - he has committed a criminal offence.


Only proof of any money spent on the exchange was me spending money on logos + graphic work (he contributed $1000 to that, the rest came from my pocket)


Do not do business with the guy.

I may be interested in those 2400 shares.


PM me, I have an extensive marketing/sales background and I'm from the UK myself and may make a larger investment if you can offer me a role in the team. I have several marketing and branding things set up that were meant for Coinpal but they dont have an exchange, that's fairly obvious. There were 2 places available at fairly large conferences that would get you a fair amount of business/publicity as well as a few people who agreed to do some affiliate work (one will be even more keen seeing as he is in the UK as well). There is 1 conference position left I can probably secure you, if you can get this ready in time.


PM me if you want to talk about it, I need to know a little more about the business. I basically just planned out a whole marketing/branding and launch for an exchange, but they have no exchange and are ultimately scammers, if you provide proof and such to me - I will do the same for you - I reckon if you can offer me a part of the business, you will be a whole step closer to launching this.

This is a touchy area - the analysis could be done perfectly and then something like 'CHINA' could come along and fuck everything up in the space of an hour.

I suppose. Like I am currently doing so:


If you have time and want a laugh, read this: https://bitcointalk.org/index.php?topic=525700.new#new


Read the whole thing, I invested big in Coinpal. Noticed the lying, called the place out and told investors not to invest anymore (even with a 50K investment in it + being made a partner) Worked with a team to hunt down the supposed scammer, we outed his shill to be his friend, got both of their public details. I realised he'd used my money to buy mining gear (something he promises he will not do without vote of shareholders - I was majority shareholder) he should have been paying dividends 5x as large, went awol. I start to contact him IRL realising he fucked up and got his dads million $ business involved.

When deciding to sell shares, sold 50K worth by accident for like 7K by putting an extra decimal *facepalm hard* lol I invested 52.5 BTC and will come away with about 28-30BTC after my mistake, not a huge loss + it was my play about with BTC, I use a 80-20 rule in terms of holding in cold storage/using for things (investing, selling etc)


Still not letting him away with it. I paid for businesses logos to be done which so far is the only thing that is proof that any money has been spent on the exchange, I was left to take the blame for it ALL but luckily proved otherwise.


Currently working with one of my stateside attorneys for the owner to provide both personal and business finances to the court as he broke his own rules if any cent from the Coinpal investment went on mining gear and with all the emails and other pieces of evidence I could be granted my 50% partnership legally and have the mining gear seized and then sold and money given to investors.


Ryan Tyson Gay the guys name is. Thought he'd done this anonymously, he is the dumbest of the dumb. He tried to also do me out of partner profits by saying there was 4 partners. There is 1, him. His friend Chris came in to the thread and was pissed when he found out he'd been using him as an alias.

Read the thread for a laugh when you have time. Watch me get verbally attacked as I try to help these people not get fucked over, and as soon as they realise I'm the one the should trust, watch them try to get back in my pants as they realise none of them can do anything to the guy but me.


That will give you an insight in to a bit of my character at least hopefully as I've noticed you are one of the main guys in the 'lending' section.

Lol, never seen that. Never mind.

Probably to late now, but pay me $200 in BTC and I will give you $210 in fiat to your paypal.


Then you can buy your BTC back when you are ready. If it takes longer than 7 days, you agree to buy $200 worth of BTC back for $250? If before 7 days, you agree to pay $225 for $200 worth of coins? Yes, seems silly as market value may be lower, but it may be higher and you may get them cheaper than market value still. A risk you may have to take if you still need that $200 which you probably don't.

I was just thinking about this, and is there an official escrow type service exclusive amongst us for holding collateral? If there isn't, we should organise one, should we not?


They would be paid something from each trade they hold collateral for and obviously they need to be a trusted member. I'd do it depending how much work it is. Can submit my real ID, address, the fact I was partner in a business where I could have helped scam many members of this forum but instead warned all the investors on this very forum directly damaging my own investment and essentially helped the other partner from fucking everyone should show my intentions and that I'm not going to run off.


If not me, then surely there must be a reputable member, or a group of us who are willing to do it?


Just a thought!

Provide your business plan? Surely if you are asking for $1000 you can at least take an hour or two to provide a solid business plan.


Whats your business going to do?


If it seems legit, and I think you can make money from this I want 3.5btc back and I want 20% of your business. Yeah, I want a lot but you ask for $1000-$1500 and don't even explain why.

Never sold my cold storage at BTC peak of $1000+, spent more fiat after silk roads seizure and have mainly been in profit and never really lost much so it may be easier for me to be optimistic.


Bitcoin is built for strong hands, get a pair or get out and go with safer ways of making money. After all this isn't just about pure profit.


I believe in bitcoin and what it does/stands for, but I want to make money off of it of course but you have to be strong. You have to use btc as well, I have about 80% in cold storage, 20% for investing, buying things, selling. For mass adoption we actually have to use Bitcoin not just save it hoping some sort of human global event causes price increase.

This is exactly what I was thinking. Surely its a troll?


No collateral? Nothing physical you can even offer? I have about 60K worth of watches with original papers in brilliant condition, most people would accept that as collateral provided I showed them legit papers photos of item etc.


Everyone has some form of collateral. you must have something of value of 2.5btc?


You have to be trolling or a very bad scammer.

Yes, I agree with this. But, be careful.

Ignore 90% of the things you here. Make your own informed decisions. If you are the type to see a $50 drop and read 3/4 bad articles this isn't for you.


Bitcoin will be very very bumpy. Strong hands will profit largely in the long run, but it can be hard to be strong. Buy bitcoin, and try and forget about 75% of them. Stick them in cold storage. You SHOULD trade with 25% of them.


Bitcoin adoption is directly linked through us using Bitcoin. So with a % of your coins buy and sell. Use them in retailers that accept BTC.

Mass adoption is needed to 'reach da moon'.



HODL but not every single BTC you have. If everyone HODLS, the price would stand still I believe.

What I was going to say pretty much.


You can analyse a steady market, but BTC is largely effected by humans. We are irrational, buy in panics, sell in panics. Some strong, some weak.

You can't analyse something as volatile as bitcoin because when it seems like you have a grasp on it, some event occurs and human emotion comes in to play.

My conclusion on this like I said long ago was simply he never intended to fully steal from us, he took our money bought mining gear that he would then profit from and would slowly pay us all back. While he maybe never fully stole from us his intentions were to make money off of us unfairly. The exchange was the cover up because nobody invests in some random over the internet to buy mining gear.

If so where are our huge dividend payments? He told us that his gear was at least 5x more powerful in an update. I was getting nearly 2btc a payment with 70'000 shares before the new gear came about, now my payments are about 1BTC with 38'000 shares. Where is the rest of the mining money going? His pocket. I should have been getting 5x as much payment via dividend, you all should of.

I suspect he was the one who bought my shares when i fucked up and put an extra decimal place causing my loss of about 50K. I still sold 20'000 shares at base price though, plus my dividend payments I never lost my full investment. I will come out of this in profit no matter what I've got to do, just as a matter of principal.


If there was an exchange you would have seen proof by now other than the logos I had made.  Please don't be naive. The update... 'the developer wants to be anonymous..' No they don't, you don't have one and you are buying time to pay people back (and you probably will pay people back) and then continue to profit with their money.


Oldest trick in the BTC scammer book. My attorney is in the middle of getting a court to look in to his finances in the sense that if he took any of the investment money from coinpal and used on mining gear it will be seized. Yes, Ryan Gay expect to be legally issued a subpoena to show the court your personal/business finances in the next 10-14 days.  Hopefully, he used my money directly. I would then either have someone mine you all your money back or sell it all and divide fairly as I don't have the time to mine and shipping over to the UK would cost a fortune.


He isn't getting away with this. Maybe if he emailed me and offered me 20K to stop I'd consider it, but if he isn't buying me out it's just going to make life difficult for him.

Goodbye weak hands, we need to see the back of you for this to progress anyway

I'm still here, I'm just taking action now rather than sitting bitching on a thread.


Ryan Tyson Gay will never run another business in his life I assure you that.

Sent .385

doing so now. The money will be sent in 15-20 minutes.

Collateral?


I would give you larger sums personally, but only for my return weekly +25%-35%

Example: I give you 20 coins to trade. You make 35BTC, I take my 20 + 5 coins. The rest is yours to keep.


You claim you can make 200% in your signature, so its either a lie or you would accept this.

I both agree and disagree with that. I've had better and i've seen worse.


Look at Coinpal for gods sake, I invested 50K, they made me partner and made me take the blame for their scamming so I outed the bastards. pretty much couldnt get my cash back and when I could I put an extra 0 in my asking price and some lucky f*** got 50K of shares for 5K.

EDIT: Regardless I got them marketing ` that would have made them hundreds of thousands and like they can even launch now, who uses scammers like that. He pulled the age old trick of buying mining gear with investors money so he could keep paying dividends. I was getting like 4BTC a week for a month until I noticed the scam signs and alerted all investors.

I provided an attorney with everything and he says technically, I could fight in court (and with my evidence) take my 50% of the companies worth. He also tried to cheat me out of partnershipp profits by claiming there was 4 partners when it was just me and him.

RYAN TYSON GAY - DO NOT DO BUSINESS WITH THIS MAN.


Life lol