I am definitely NOT taking investments right now. I probably won't take anymore.
Oh really, okay, why is that? Overwhelming amount of people that wanted to get in? Anyways happy to see that there are honest people making honest business in this space, integrity is key. Im disgusted by all those scams that are being pulled of lately. Recently Paypal decided to permanently ban my account making business no longer possible for me as Paypal was the key factor, at that point I was in debt to my investors from previous Margin trading losses, now I am in a stick situation, I have little use for any investments as of right now, nor do I feel comfortable accepting them anymore. As of this point my investments are closed.  |
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Hi Sweet
In response to your message, I would like my layout in BTC as USD is not my native currency. No rush, but do you have any idea of when I will be receiving my funds back? I'm on edge a little haha.
Thanks for keeping us updated.
Well its not like I'd be repaying you in USD just in BTC but the value of the Bitcoin is calculated from the USD value of bitcoin from the time of your transaction. So I would be repaying you in BTC but you would receive the same amount of USD value instead of BTC value. As of time of repayment I have no clue I am first repaying drunkenone then Taras then you. |
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Sounds as you are trustworthy, from what I read here - but I still keep suspicious because even the most loyal costumer / client can just run off at a certain point. I guess I will read some more pages in this thread and then decide if I want to jump in. Hope your business goes well so far  I am definitely NOT taking investments right now. I probably won't take anymore. |
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Ok I will repay the value of $5431 in bitcoin once I have the funds to repay. You can do it in installments if easier. Ok this will probably be ideal at the time of repayment if I am trading to keep profits higher to make repaying faster. |
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Hi Sweeet, appreciate you being so honest about the current situation and updating us. Like others have said, my understanding when investing was that it was based on trading of gift cards with BTC, if the truth had been explained upfront (high risk gambling) then I would not have invested. Still, what is done is done. As Hracick mentions, BTC's price is volatile as we know, personally I think it is going to continue to increase, maybe it is feasible to pay back small investors in BTC based on today's price but larger investors such as myself who you plan to repay in the future, probably better if we fix it at the BTC price when we invested or it's going to spiral out of control.
Also, ideally we would be paid back in our native currencies (GBP for me) don't know how feasible this would be. I don't think you are a scammer as some have suggested in this thread, just someone who made some (ill-advised) moves that went very wrong. Some people will say your repayment scheme resembles a ponzi though (the early contributors benefit from the later contributor's funds), except here the personal amount staked and the fact that the collective pool of money is virtually gone now makes it a bit of a moot point at this stage. I am in the worst position, largest stake and 2nd last to enter the plan. The amount I am out of pocket by versus the remaining funds you have mean any contribution you could make now is largely pointless. Like everyone, I would like my money as soon as possible but taking into account the situation and your personal predicament I am prepared to wait.
Up until this moment did I ever gamble with investors money, although I did do margin trades which none were done with investors funds except for the one margin trade that took such a big loss that it burned through my personal funds and into the investors funds. Still with that being said it was not ok, I still do not feel comfortable with it, and I will probably not being accepting anymore investments after I have repaid everyone. If you agree to lock your BTC to the USD value at the time it was sent which is: $5341 I am very willing to do this. I don't think it is fair to do this unless that person who invested is ok with it. Whether the value is higher or lower. I am OK with this. Ok I will repay the value of $5431 in bitcoin once I have the funds to repay. |
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Hi Sweeet, appreciate you being so honest about the current situation and updating us. Like others have said, my understanding when investing was that it was based on trading of gift cards with BTC, if the truth had been explained upfront (high risk gambling) then I would not have invested. Still, what is done is done. As Hracick mentions, BTC's price is volatile as we know, personally I think it is going to continue to increase, maybe it is feasible to pay back small investors in BTC based on today's price but larger investors such as myself who you plan to repay in the future, probably better if we fix it at the BTC price when we invested or it's going to spiral out of control.
Also, ideally we would be paid back in our native currencies (GBP for me) don't know how feasible this would be. I don't think you are a scammer as some have suggested in this thread, just someone who made some (ill-advised) moves that went very wrong. Some people will say your repayment scheme resembles a ponzi though (the early contributors benefit from the later contributor's funds), except here the personal amount staked and the fact that the collective pool of money is virtually gone now makes it a bit of a moot point at this stage. I am in the worst position, largest stake and 2nd last to enter the plan. The amount I am out of pocket by versus the remaining funds you have mean any contribution you could make now is largely pointless. Like everyone, I would like my money as soon as possible but taking into account the situation and your personal predicament I am prepared to wait.
Up until this moment did I ever gamble with investors money, although I did do margin trades which none were done with investors funds except for the one margin trade that took such a big loss that it burned through my personal funds and into the investors funds. Still with that being said it was not ok, I still do not feel comfortable with it, and I will probably not being accepting anymore investments after I have repaid everyone. If you agree to lock your BTC to the USD value at the time it was sent which is: $5341 I am very willing to do this. I don't think it is fair to do this unless that person who invested is ok with it. Whether the value is higher or lower. For anyone saying this is all part of a ponzi or that they saw this coming I don't care about my reputation, I just can't be a scammer, when I was younger I took my parents SSN and opened credit accounts in their names not knowing what I was getting into I didn't understand respect and honesty. After they found out I gained more than I lost which was integrity. There is nothing worse in this world I despise more than a scammer. I will never let myself become that, while I still broke trust I will never scam. |
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The bad, the worse, and the hope.
So heres what happened, I, out of anxiety and stupidity, decided to gamble the last of YOUR investments on dice. I felt I had no options left in order to to repay never thinking about losing the money. Once I lost the money I never felt worse in my life, I felt depression and scared, at first I thought I would just not respond to my investors until eventually i would have accumulated money from something else to repay. But I can't live with myself not giving hope, and a sense of faith. Even worse then losing the money is I currently gave no way to reimburse and generate money to repay any investments.
Here is the only thing I have, I have 0.043 bitcoin, I have the $800 USD in the paypal which I will have in 6 months. One other thing is I gave my dad $550 to buy a car a while ago which he can now sell for around $4k, I don't want to ask him for any of the money he makes from the car but I possibly get $1000 back from him. So with that I have around $2300 to my name. What I am going to have to do to repay these investments I don't know yet but I am going to do what it takes, I will most likely be getting a day job, selling anything of value that I own (not much).
Other than that I am going to continue to look into other payment processors that could possibly work and continue trading, if this does work I will ask my grandparents for investments. I need to make it known now that I am only 17 years old and even younger when I started this so trying new things which require ID is very hard for me to do since it is all done under my Mom. If I don't find a possibly way to trade bitcoins anymore I will take the money I have and just repay it instead of holding onto it in the hopes of being able to use it later for trading.
For now I will structure repayments in priority of amount and how long term the investor is, the higher the amount and the longer the investor I will be repaying as late as possible, and smalller investments and newer investors I will repay as soon as possible. The list of people who will be repaid sorted by priority (Top highest priority with the bottom being lowest): drunkenone, Taras, Fishbones78, Giveen, suredoood, Hracik, mettwuerstle, Anon, Jackg, JMack3000ad, Bias. PLEASE PM me if you are ok with being the least priority repayment, so I can get the money back to the people who need it most first.
I will do everything in my power to repay everyone and make it my goal until they are repaid to generate funds. I will not leave until everyone is repaid. Im really fucking sorry.
How much money did you lose, then how much money did you lose gambling? The choice to gamble with the remaining funds was a horrible decision. Hoping that you can find a way to pay everyone back, good luck. You should also probably make a note of the current situation in your OP. Over the month of November I lost around ~$20,000 doing margin trades then I had a remaining 0.7 BTC which I lost to gambling. Between losing all the money I did and finding out paypal is permanently closing my account I made some very terrible decisions I wish I could go back and overlook them but now I just got to accept what I did, that it was wrong and move on to find a different path into repaying my now debts. I found a card processor that will work although it requires you to be a business, have a website, and things which I do not have. If I can make it work I should at least reliable have a way to repay. I contacted every investor notifying of the current situation. |
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The bad, the worse, and the hope.
So heres what happened, I, out of anxiety and stupidity, decided to gamble the last of YOUR investments on dice. I felt I had no options left in order to to repay never thinking about losing the money. Once I lost the money I never felt worse in my life, I felt depression and scared, at first I thought I would just not respond to my investors until eventually i would have accumulated money from something else to repay. But I can't live with myself not giving hope, and a sense of faith. Even worse then losing the money is I currently gave no way to reimburse and generate money to repay any investments.
Here is the only thing I have, I have 0.043 bitcoin, I have the $800 USD in the paypal which I will have in 6 months. One other thing is I gave my dad $550 to buy a car a while ago which he can now sell for around $4k, I don't want to ask him for any of the money he makes from the car but I possibly get $1000 back from him. So with that I have around $2300 to my name. What I am going to have to do to repay these investments I don't know yet but I am going to do what it takes, I will most likely be getting a day job, selling anything of value that I own (not much).
Other than that I am going to continue to look into other payment processors that could possibly work and continue trading, if this does work I will ask my grandparents for investments. I need to make it known now that I am only 17 years old and even younger when I started this so trying new things which require ID is very hard for me to do since it is all done under my Mom. If I don't find a possibly way to trade bitcoins anymore I will take the money I have and just repay it instead of holding onto it in the hopes of being able to use it later for trading.
For now I will structure repayments in priority of amount and how long term the investor is, the higher the amount and the longer the investor I will be repaying as late as possible, and smalller investments and newer investors I will repay as soon as possible. The list of people who will be repaid sorted by priority (Top highest priority with the bottom being lowest): drunkenone, Taras, Fishbones78, Giveen, suredoood, Hracik, mettwuerstle, Anon, Jackg, JMack3000ad, Bias. PLEASE PM me if you are ok with being the least priority repayment, so I can get the money back to the people who need it most first.
I will do everything in my power to repay everyone and make it my goal until they are repaid to generate funds. I will not leave until everyone is repaid. Im really fucking sorry.
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I think the situation is not so wrong as you decribe it.
You took 7k loss on margin trading, but you paid back all investors which are borrow you for that. So I think I can say that this loss hit your personal funds most. Also you said that you have funds for new a car, but lost this funds.
Recently you reopen this Paxful-trading thing, get PayPal closed, but this is not loss in current time, or very tiny -- it just hits your future profits.
So i think you should have enough money to pay all investors back their money. Also based on Google docs spreadsheet, it is only couple of thousands -- you can earn that in real life job by 3-6 months.
But, first, you need to be transparent .. we can definitelly work this out.
I lost an additional $9k when BTC went from 8k-11k margin trading, which by the way I tried for 2 hours to cancel my margin trade but Kraken just kept saying that my order was failed and to try again until I gave up and went to sleep, waking up to -$8k and eventually -$9k. I strayed away from making any statements about it as I figured I would be able to sustain with the rest of the investor funds doing paxful. Although this was the one time that paypal couldn't have done this as it was the only time I was in a debt. So when I took that $9k hit I struct investor funds. With the first loss happening then the second and now being in dept, then Paypal closing my account, this has been an extremely stressful month, probably one of the worst in my life. That is indeed very stressful stuff. However you have promised investors when they signed up that they would be repaid at a certain point in time for a certain amount - i personally think that it would be a bit unfair if you just reduced everyone's repayments. In future, you should definitely come up with plans to counter this. You hav eto realise that margin trading is risky as hell, and find plans to basically reduce risk. I have no intentions of reducing anyone's repayment other than interest. I will make sure in the end everyone receives full repayment. Although it may take me some time to figure out how I am going to go about doing that, for now I just need calm and planning. I know of some other possibly methods I could attempt but all I can ask from everyone is their patience, eventually we will be clear of this stress. |
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I think the situation is not so wrong as you decribe it.
You took 7k loss on margin trading, but you paid back all investors which are borrow you for that. So I think I can say that this loss hit your personal funds most. Also you said that you have funds for new a car, but lost this funds.
Recently you reopen this Paxful-trading thing, get PayPal closed, but this is not loss in current time, or very tiny -- it just hits your future profits.
So i think you should have enough money to pay all investors back their money. Also based on Google docs spreadsheet, it is only couple of thousands -- you can earn that in real life job by 3-6 months.
But, first, you need to be transparent .. we can definitelly work this out.
I lost an additional $9k when BTC went from 8k-11k margin trading, which by the way I tried for 2 hours to cancel my margin trade but Kraken just kept saying that my order was failed and to try again until I gave up and went to sleep, waking up to -$8k and eventually -$9k. I strayed away from making any statements about it as I figured I would be able to sustain with the rest of the investor funds doing paxful. Although this was the one time that paypal couldn't have done this as it was the only time I was in a debt. So when I took that $9k hit I struct investor funds. With the first loss happening then the second and now being in dept, then Paypal closing my account, this has been an extremely stressful month, probably one of the worst in my life. |
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I woke up this morning to the terrifying message that my Paypal account is being permanently closed, without explanation or reason. It said: "At PayPal, we value a safe community for our customers to do business. We noticed activity in your account that’s inconsistent with our User Agreement and we no longer offer you PayPal services." Also: "Any money in your balance will be held for 180 days, after which we’ll send you an email with instructions about transferring your money." Luckily there is only about $800 on the paypal.
Even worse I am still at a debt to repaying all of your investments due to my margin trading losses. I now no way to grow the funds. I don't know how I will come up with the money yet, I need to find a new payment processor. For now expect possible late repayments, partial payments, and all repayments will have to interest less unfortunately. If anyone has any information of services like Paypal for receiving payments please contact me. Also I will not be taken any further investments until this is sorted.
Im extremely sorry to put everyone in this position.
Dang, but tbh you should have expected this, since you deal with BTC and all. It's not uncommon for paxful/lbc traders to get their paypal limited afaik. What you should do is list down all outstanding debt and your current assets that you are ale to use to contribute in repaying the debt. Perhaps create a little group chat or whatever to get consensus on what should be done with the investors, whether to lock investments in USD to make it more manageable, etc. For paypal alternatives, there is okpay, advcash, PM, etc. that i'm sure you are aware of. But not sure if they suit your needs. I sort of did although the timing was really bad since I just took a big hit in margin trading and was at a debt to my investors, this was the one time that I was in a debt too. As for repaying investors I am going to need some time and planning to see what I can do, it will take a while to find an option for processing the cards if possible, if not making repayments as much as I can. |
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I woke up this morning to the terrifying message that my Paypal account is being permanently closed, without explanation or reason. It said: "At PayPal, we value a safe community for our customers to do business. We noticed activity in your account that’s inconsistent with our User Agreement and we no longer offer you PayPal services." Also: "Any money in your balance will be held for 180 days, after which we’ll send you an email with instructions about transferring your money." Luckily there is only about $800 on the paypal.
Even worse I am still at a debt to repaying all of your investments due to my margin trading losses. I now no way to grow the funds. I don't know how I will come up with the money yet, I need to find a new payment processor. For now expect possible late repayments, partial payments, and all repayments will have to interest less unfortunately. If anyone has any information of services like Paypal for receiving payments please contact me. Also I will not be taken any further investments until this is sorted.
Im extremely sorry to put everyone in this position.
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0.00225 Repaid (Interest only) To: 1CghbVHKbj5h56H2pkeVJ9GZKsVqYK1sQK TXID: TXID Documentation: Google DocsThanks for investing. Deposit Amount: 0.06Repayment Address: 19QPvGnW3by2arZ44Djqbmwuuwe28Ugb1XTXID: Give me a moment to open cold storage Days Investing: 21 0.0063 Repaid (Interest only) To: 1KE2UvyGYLsTursxB8xeSTr5jfhuQ4n4Ew TXID: TXID Documentation: Google DocsThanks for investing. |
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Payment RecievedRepaying 0.0525 to 1DYLc7HSxqgmgy9xi9Zbubt9DC4VD1Bx6t 12/10 Documentation: Google DocsThanks for investing.
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Deposit Amount: .05
Repayment Address: 1DYLc7HSxqgmgy9xi9Zbubt9DC4VD1Bx6t
TXID: Sending from freebitco.in using slow withdraw, will update when it goes through (4-6 hours).
Days Investing: 10
I will start counting interest at the time I receive your investment. |
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Payment RecievedRepaying 0.1005 to 34dsEjN2oYc4an2vciGKvdyjTuefbz9MEq 12/21 Documentation: Google DocsThanks for investing.
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Deposit Amount: : 0.09
Repayment Adress: : 34dsEjN2oYc4an2vciGKvdyjTuefbz9MEq
TXID: : Before sending wanted to know if repayment is based on usd value or on btc
Days Investing: : 21
BTC value Also added option for interest only or not on repayment to investment format. |
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Payment RecievedRepaying 0.1025 to 1ShervGjeHyKScMYk21f2TAoeGfAt7gyo 12/4 Documentation: Google DocsThanks for investing. If you could just reinvest that without sending back, that would be great Ok, do you want me to send interest only during the period or completely reinvest it? |
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Deposit Amount:0.13 (+previous interest).
Repayment Adress: 1JRmjyGo3kpdXcQeAeTBmGtgkC1AomHKED
TXID: NA
Days Investing:21
0.021 Repaid (Interest only) To: 13yJptq5EhUekbsTVPP6BdZPA4daJBCGgK TXID: TXID Documentation: Google DocsThanks for investing. |
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Deposit Amount:[0.5]
Repayment Adress:[14KgA9sXZXykZRFokCRRtqG4APpMv8UBe2]
TXID:[a6ffee17bca0304e8422cfc56a2db047c7072119c9d592c165f0c2d56842fb27]
Days Investing:[21]
Payment RecievedRepaying 0.5525 to 14KgA9sXZXykZRFokCRRtqG4APpMv8UBe2 on 12/20 Documentation: Google DocsThanks for investing. |
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