May 27, 2014 trading result: +1.27%
Almost 7 months online and paying.
That's how ponzi schemes work. They pay reliably until they collapse. If you are in early enough and manage to get out before the collapse, they can be profitable for the participants. Highly risky though, and the majority will lose all of their investment. And, they're obviously very illegal pretty much everywhere. Those few lucky participants who end up winning could be sued by the suckers for their losses. Also, anyone promoting a ponzi fraud could be considered a co-conspirator. Any proof that BT is a ponzi scheme? Otherwise shut up and fuck off! Really had it enough with your insults Yonce. This last sentence from this previous post goes to you as well. You personally promote Finmutual, HYIP scam being advertised in EVERY single HYIP monitor and then you come here calling me names. As the man said, FUCK OFF. |
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May 28, 2014 Trading Pool result: +1.23%
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May 27, 2014 trading result: +1.27%
Almost 7 months online and paying.
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Hey guys,
what are the most profitable Bitcoin/crypto related services which you promote? I see people promote lots of cloud-hashing websites, some exchanges also have their own affiliate programs and most of gambling services also buy signatures. What is the most profitable to promote in your opinion, especially in the long run.
Thx
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STOP spreading FUD. Who cares what caused the price increase 6 months ago. Do you really want to sabotage the market or what? Do you want your coins to be worth less?
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Yah, made me wonder though. Is around 1% not a lousy result for a trader when BTC has gone up like $80 to $100?!
Wow, other naysayers are saying their results are unrealistic! He's just pointing out that the scammers have no idea how actual profits from abitrage would vary depending on the market conditions. arbitrage is just about differences between different exchanges, so one should go look to them to figure out. yes the payout seems a bit too consistent. But it could be just because they have a bot who triggers at about 1% delta. When doing arbitrage why going with 1-2% instead of using the highest margin? The difference between www.btc-e.com and www.btcpromo.net is 5-6%. Including the fees there is at least 4-5% clear profit at this time... Have you used btcpromo.net? Never heard of them. |
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.....and today the spread between Bitstamp and BTCe prices decreased to only about $5 which means there has been a lot of arbitrage.
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Here we go, $20+ spread between Bitstamp and BTCe price and it is non trading day.  ) |
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Investment in gambling website? Could you pls clarify this?
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The last 18% difficulty jump only confirms my statement. Buying ASIC is wasting money.
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May 23, 2014 trading result: +1.2%
Next Monday is a non trading day.
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Was reading the first post and saw this.. Just curious, why does it say the referral was removed when it's still there? No idea, this was not me, I clearly stated this is my referral link. Anyway, fixed it now. |
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IMO, the only ASIC which might bring ROI in KNC Titan, under condition you get it first. Once they deliver the entire batch, scrypt mining ll be unprofitable for almost anyone.
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BTC going up, lots of trading opportunities.
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BTC going up, lots of trading opportunities.
May 23, 2014 trading result: +1.11%
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May 21 trading result: +0.99%
There is this new video promoting the service but I do like it so I will not post a link here.
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People, you need to factor in that most of these companies PRE-sell ASIC. Then deliver it once the difficulty goes up big time so the purpose of buying is quite dubious.
I would like to see some estimated profit chart comparing all these producers. At least at current crypto prices.
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May 20 trading result: +1.01%
I personally managed to profit on trading X11 coins these last couple of days. The spread on some of them on different exchanges was quite nice, the most profitable was Darkcoin, went up by 500% in last two weeks.
Regarding feedback, I have been using them for almost 3 months. What do you want to know?
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Why the enterprises that do stuff to explore oil don't explore oil themselves ? Exactly. This whole line of reasoning is the most naive view of market economics imaginable. If we are to accept these assumptions, then we should expect that every single market in the known universe would be completely vertically integrated. But most of companies that mine oil have their own teams which explore oil. Why would they let somebody else do this. This is a very bad example. |
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I ve read a very nice piece on Bitcoin mining these days, basically comparing mining rig to a golden goose, very interesting. It sums up to the following, why would ASIC manufacturers sell their machines if they can use them for mining:
This is a very naive perspective that misapplies the experience of a small basement operation to a large enterprise. Once you're talking about the volume that an ASIC manufacturer would produce, there are two EXTREMELY critical issues that come into play -- (1) Building equipment in order to mine instead of sell exposes the manufacturer to an additional level of risk that they might not be interested in taking on; (2) It's not trivial at all to design and administer a facility in which to house all of this mining equipment. Most of these manufacturers state reaching ROI in about 3-6 months. If this is really the case, only a total fool would sell instead of mine, regardless of any obstacle they might face. Apart from reasons already stated, the only reason to sell which comes to my mind is that most of these companies are not sufficiently capitalized to develop their own products. To overcome this, they sell preorders, get your money, develop the product, use it for MINING for a few months and then deliver to you when it almost useless. An excellent business model, whoever started this first should be nominated for Nobel prize in economics. |
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