what bitcoin-trader does not disclose is the capacity of their strategy. Any arbitrage strategy can work as long as you do not kill your own profitability with market impact. If they become too popular and get too much inflow they will either
1) hurt their profitability
2) close themselve to new in-flows
the only reason i see why you would not trade on your own account from day one is because you have too little capital compared to your optim capacity. Therefore by accepting client money and splitting the profit you allow yourself to reach your optimal capacity faster but after that stage you should shut down like usually hedge funds do (see RenTech as extreme example of that)
hope this helps!
Hi, I am the italian representative of Bitcoin Trader. I just joined the forum and spotted this post. I will tell you everything I know.
What cacahouette said is correct. When Bitcoin Trader will no longer be able to profit from arbitrage there is still no reason for them to steal our money. They will just post 0% earnings and spend that money somewhere else until contract expiration. Why risk legal problems in a win-win situation where users basically buy your 0% bond and are happy to be refunded at 100% value?
The same thing is true for mining contracts.
Now on to some information:
The company headquarters is located in the London area. They do not offer phone support because that would overwhelm them; representatives like me are paid (hopefully!) for assisting customers and answer their questions.
If you have an account with at least 20k$ you are allowed to meet John Carley at their office in London to discuss additional opportunities. 20k$ not 50k$.
I have no information about their mining rig, except that as of today it should have the hashing power of 5-6 CoinTerra IV. I guess that if you are able to arrange a meeting with mr. Carley he will show you their rig.
Currently there are no open job positions, not even as traders. They are currently not interested in people trading for them in either Saturday or Sunday.
When the trading pool has a negative earning losses are not deducted from your share value or E-wallet, instead your cash balance will be debited. If this sends it in the negatives it will compensate with the next positive earning.
Trading Pool earnings are only credited from Monday until Friday. In addition they observe UK public holidays, where no earnings are credited.
Mining Pool earnings are non-stop of course.
The processor you use for depositing funds is the one you will have to use for cashouts. Otherwise you will have to pay a conversion fee from 1% up to 3%.
That's all I guess, everything else was already said by moriartypants.
PLEASE NOTE: I do not intend to step over anyone here. Always use your local representative:)
Italians are welcome to contact me of course.
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