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I vote for a bitopless contest
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this has been one of the very few times in my life where I were right (in trusting bitcoins more than fiat fictional-debt-crap).
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Ordered 10 cards from mateo and I was impressed. He is an excellent seller with patience and impressive customer service and with very fast shipping service. looking forward to order again the next cards from mateo.  +1 I received today his second delivery. The cards works flawlessly and he's been very helpful when requested for info. |
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If you can some sort of agreement on swapping IOUs between exchanges than smooth arbitrage could prove possible and profitable for investors.
A federated inter-exchange arbitrage would have the added benefit as an early warning system for gox:ings. If an exchange started having trouble honoring its IOUs on time, that would be a signal to move your funds out. No panacea of course and it would still cause a bank run, but at least it would be better than the slow 12 month Gox fiasco where no one knew they were illiquid (except for the ones who got away with it..). That would imply exchanges trusting each other's IOUs. Can't happen, and rightly so (otherwise one single scam could cause a chain reaction). |
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Singapore and Ethiopia (for example, and there are many others on the list) don't need to hunt down the wealth of their own citizens, as their economies are not suffering from the bloated socialism and sovereign debt crisis.
There is this level of global coordination, because there is a very powerful oligarchy of globalists who control these nation-states and coordinate their plans.
I'd say that any state exists mostly to extort surplus value from the peasants for the insiders who control it, and taxation is the #1 mean. On Ethiopia specifically I may say that they nationalized their central bank some years ago and they do most of their business with China trying to imitate it with a state-led 'developmentalist' ('develop-mentalist'?) policy with the result of being a noticeable economic success story in the last 10 years. Even politically I see them much more close to China than anything and available to play ball with the west mostly on their terms. The factors of their success are probably going to end in the usual way at some point: The heavy state involvement in the economy produces remarkable results until it doesn't anymore, when bureaucracy, waste, theft and taxes, debt and inflation surpass some critical threshold. And since ppl there is used from thousands of years to a centralized power not admitting any dissent even after the transition to formal democracy much ppl still confound a perceived mandatory sense of national pride/nationalism with an obligation to approve their gov, so they don't really have any checks and balances. Their gov monopolizes telecom and do heavy internet surveillance/eavesdropping mostly against any opposition (which is mostly ethnically based, like the gov. party itself). Still, I see their chances way better than most of places in the west. |
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One angle not seen by many. When i bought 5 shares in february 13, they cost me 0.1412btc. When i cashed out in expiry date june 13, i received 0.17724647; 0.17724647/0.1412=1.2549050076. --- Besides the daily interest, my gain in BTC was 25.5%.
Yes, the potential gain depends on how do you measure it (in USD or btc) and the btc price change during the 120 days. Since I entered at btc=800 and got repaid at btc=500 while getting paid interests in usd all the time i made out decently in terms of both, but I would have gained more pulling out btc at their price bottom instead than usd. So bitcoin-trader trading shares are a (risky) way to short btc against usd with a sort of leverage (more gain and risk). An apparently less risky way to do the same -but paying less- is to lend USD on bitfinex (which I am also doing). |
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So wake up and smell the roses: There is no trading going on. Your deposits pay the profits for earlier investors and new depositors pay your profits. Just like any other Ponzi / HYIP scheme.
OK, if we assume that is a ponzi it's a miracle that is still standing, since many investors entered near the btc top price or close (nov 2013 - apr 2014), and they got their investment automatically converted in USD at the price of the time that they invested and got paid interests on that capital since then. And from some time many are getting the option to withdraw their capital beyond the interests already paid. So unless the user base grown exponentially in the meanwhile a ponzi like this should be a short-lived fail, which is not even very anonymous given that they are operating through several pay processors and are effecting bank wires (which in itself is not a guarantee on the return of the investment, of course, but is already some steps ahead of pirate-likes). |
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Winner in the quest for value. Some very rich men, who have more than enough to live very well, have said that the work and the drive to have more becomes an obsession. But you don't have to enroll in that quest. You say there are other things more valuable, and I agree.
one might argue that winning is to enjoy life and die bankrupt and submerged in unrepayable debt. That is what the boomers did loading bizarre amounts of 'public' debt on the following generations democratically and without even asking in western countries at least -and that just playing ball with the debt-money scam. In biblical times they were more honest selling their sons in slavery right away without horse's doses of keynesian b/s.  |
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1% price difference. Subtract trade fees. Then divide by 2 (because you need BTC on the high-price exchange and the same value in USD on the other). That's the theoretical profit if you can utilize all your funds. In reality, you'll have most of your fiat stuck moving through the slow international banking system from one exchange via your bank account to the other exchange.
If you can translate a consistent 1% price difference between exchanges into a daily 0.2% profit then you're doing an amazing job.
Apart that I used to see greater differences than 1% most of the time between btc-e and bitfinex, there is no need to divide by 2, since btc-e is all the time the lowest price, so the operation would consists just in sending fiat to btc-e to buy btc there while selling btc on finex at an higher price. [edit]: and of course there is no need to use the banking system for each single trade, just to refill the fiat deposit on btc-e when needed, which may be once per week or so. To me it seems feasible. And probably a pro with high volumes could even obtain lower fees. But I am not pimping. I already said to play just with anything one is willing to lose if at all. |
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But as anyone here I don't know what they're really doing,
If you dont know exactly what they are really doing, and they are promising/paying unreal profits, constantly trying to attract more and more funds with referral programs etc, it should be glaringly obvious what it is they are doing. I cant believe someone who's been around since 2011 still falls for this. Tell me, how many other ponzi's did you get suckered in? at this right moment -like ever- the delta between bitfinex and btc-e is 5$ = almost 1%. Can you believe it? |
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I bet you believed all the pirate bullshit too? Here is the thing, even if they were somehow able to extract those kinds of profits, why would they still need your money and why would they pay the bulk of those rewards to you?
Because trading with other people's money they unload fully the risk on those others and still profit. And they could be making more than they are paying. Who knows? But as anyone here I don't know what they're really doing, and that's why I advised to recover the investment as first-thing-first instead than reinvesting. Personally I invested only play money with them, like in any other btc investment scheme. I said I'm happy about the results I got from this, but past performance guarantees nothing as everyone should know. |
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Where did you went to school??? People are currently receiving about 80% on a 4 month term. If we repeat this over a year that makes 3 terms and about 240%, what is reasonable in the current bitcoin environment. Was the other day in a skype group and people told me they make much more with other Bitcoin related ventures.
You don't have to wait before you reinvest the profits. If you did this every time they pay and assume there are about 240 of their trading days in a year and they pay just 1% every time, you get a profit of 1.01^240 ~ 10.9 or about 990% profit in a year. As for your skype claim, most likely either you or they are lying. Reinvesting income here seems not so prudent, at least until one has recovered his initial investment or is ready to lose it. That's my tactic at least. About insane profits in the bitcoinsphere one may cite the Asicminer case, gone from 0.1 btc/share at the IPO to 4.6+ btc/share at the top last summer (that is a 46-bagger or 4600% yoy in appreciation not counting the crazy high dividends it paid in the meanwhile), and now back to 0.25 paying nothing but ready for another pump. Profitable arbitration day in/day out seems not so hard to believe given the relatively stable price differences between some major exchanges. I'm just finding strange that when such differences are increasing like in the last few days the bitcoin-trader payout is decreasing. |
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(in the meanwhile stamp is crashing again at 576 and going...)
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This is probably illegal in every possible jurisdiction.
Is it really? The exchanges aren't regulated by the financial authorities. Though even if it is, it's almost assuredly happening. I think so, and if they're very evil (like some banksters) they could even frontrun the trades of their clients by some milliseconds when they find it profitable. |
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We dont need an update for the results on this every day in service discussion
I disagree and think the performance updates are interesting. +1. it's the subject of discussion |
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today I just cashed in my 120-day trading shares and reinvested all after withdrawing about 100% during the 4 months.
I can't say that I'm not happy. This is one of the very few btc investments who actually paid me back finely, so I'm going to increase my commitment.
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Are you sure you don't have an active swap offer (not a swap, but just an offer) in the Total return swaps tab?
you were right. Thanks |
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for some reason I have 222 LTC 'missing'. They appear in my balance above and in the right column, but not in my wallets:  I already checked that i do not have active orders or swaps, so I wonder how can I exchange them in USD. |
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So it's been 8 days and my direct shares haven't been transferred. How does this normally work? Is there a place I can submit a support ticket or something? I'm beginning to get a little impatient...
same here Yea same as well, it's been about a week for me. +1. 9th day today |
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