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1  Economy / Trading Discussion / Re: Be careful with margin trading. (story) on: November 27, 2019, 06:17:48 PM
Never use bots or believe signal ( free/ premium ) but trust your strategy. Margin is to double your profit/ lost so be careful to set it, always use fix range.

100% right about 'signals'
Really successful traders got no time to share 'signals'. Whoever is doing that either want to take advantage aka counter trade whoever does that, or just cannot make better money in trading at all.
2  Other / Off-topic / Re: Fake scam accusation on: August 08, 2019, 07:52:30 AM
And as a response to the 'Anonymous Team' accusation, this is a picture of us, working.
https://ibb.co/x6mDL38

I have to blur their faces. Crypto is a very privacy-sensitive industry. Thus promoting with the employees' faces without their personal permission is against my work ethics, and against some principles that we live up to here at BaseFEX.
If anyone here still have concerns over our legitimacy, you can:
1. if you are in Beijing and will ever come to Beijing, we can grab a cup of coffee together. Just DM me or get in touch with me here Randolf at basefex dot com.
2. You can try BaseFEX risk-free if you are familiar with crypto futures trading. https://twitter.com/BaseFEX/status/1155876354518159360
3  Economy / Scam Accusations / Re: Basefex.com (CEO Jesse Wu and HGO Randolf G) scam stole 3 BTC on: August 07, 2019, 08:44:48 PM
There was a period of time that our server's capacity wasn't perfectly satisfactory. With that kind of capacity, extremely frequent requests, that can be no way generated by real trades, can easily overwhelm and slow down the server's ability to process other traders' order placements and deals.
This is a situation that you can take full advantage of with some 'specialized' trading strategies and trading automation.
4  Other / Off-topic / Re: Fake scam accusation on: August 07, 2019, 08:33:46 PM
Hi All,

I am the dude whom the bertyar88 accused of being a 'scam' and 'exposed' my LinkedIn account. To be frank I don't feel too good about it because we chose not to disclose the bertyar88's real name when we know it. We wanted to maintain the minimum respect for his privacy despite our unhappy past. But sadly, our friendly intention has not yet been well received.

For anyone who has any concern regarding BaseFEX's legitimacy, I can invite you to try BaseFEX risk-free.

As for the described 'scam accusation', please see our official statement below.
(Link to our official announcement: https://blog.basefex.com/uncategorized/a-statement-on-malicious-activities/)

On July 1st, 2019, suspicious activities concerning two BaseFEX accounts were detected and had consequently triggered security alerts. Automatic ban was initiated as a temporary measure to prevent such suspicious activities from harming the greater BaseFEX trading community.

Right after that, there had been some unusual surge of new accounts joining our Telegram group. Untrue claims were made by them. As they refuse to provide their BaseFEX IDs, we were not able to verify if they belong to real BaseFEX traders. To keep this group useful for real BaseFEX traders, we had to remove these accounts from the Telegram group.

These Telegram accounts also have made threats and personal offenses towards our employees and our employees had to block these accounts in private chat.

We also have received complaints from our Twitter followers concerning similar harassments.

After a two day investigation, our engineering team has concluded on the nature of this incident. It is detected that these two accounts had been engaging in long-time and extremely high-volume server attacks that had have a substantial impact on BaseFEX servers’ network conditions. As a result, the rest of BaseFEX traders’ ability to place order was severely undermined. This has generated considerable amount of unfair, if not illegal, earnings for these two accounts, at the expense of other BaseFEX traders. Among which, 11.7 BTC has already been withdrawn.

Malicious activities that benefit themselves at the expense of other traders, such as server attacks, are not only against the very spirit of our community, but also in direct violation of our Terms of Service item 1.2 (a) (b) (d) (e) :
1.2: When accessing and using the Service, You must:
a) not attempt to undermine the security or integrity of BaseFEX’s computing systems or networks or, where the Services are hosted by a third party, that third party’s computing systems and networks;
b) not use, or misuse, the Services in any way which may impair the functionality of the Services or Website, or other systems used to deliver the Services or impair the ability of any other user to use the Services or Website;
d) not transmit or input into the Website any files that may damage any other person’s computing devices or software; content that may be offensive; or material or Data in violation of any law (including Data or other material protected by copyright or trade secrets which you do not have the right to use);
e) not attempt to modify, copy, adapt, reproduce, disassemble, decompile or reverse engineer any computer programs used to deliver the Services or to operate the Website except as is strictly necessary to use either of them for normal operation.


Thus, we have zero tolerance for such activities. After careful consideration, it is decided that we will permanently discontinue our service with these two accounts and the person(s) who possess them.

BaseFEX reserves the right to press criminal charges against the person(s) responsible for the aforementioned malicious activities and slanders. We also reserve the right to pursue other legal actions including civil litigations, in order to recover BTC losses for our entire trader community.

BaseFEX will always strive to fight against all forms of malicious, prohibited activities to ensure fast order placement for legitimate traders.
5  Economy / Scam Accusations / Re: Basefex.com (CEO Jesse Wu and HGO Randolf G) scam stole 3 BTC on: August 07, 2019, 07:15:52 PM
Hi All,

I am the dude whom the OP accused of being a scam and 'exposed' my LinkedIn account. To be frank I don't feel too good about it because we chose not to disclose the OP's name when we know it. We wanted to maintain the minimum respect for his privacy despite our unhappy past. But sadly, our friendly intention has not yet been well received.

For anyone who has any concern regarding BaseFEX's legitimacy, I can invite you to try BaseFEX risk-free. This is a legitimate business that I have been working for 3 months, in one of the major commercial hub areas of Beijing.

As for the described 'scam accusation', please our official statement below.

Link to our official announcement: https://blog.basefex.com/uncategorized/a-statement-on-malicious-activities/

On July 1st, 2019, suspicious activities concerning two BaseFEX accounts were detected and had consequently triggered security alerts. Automatic ban was initiated as a temporary measure to prevent such suspicious activities from harming the greater BaseFEX trading community.

Right after that, there had been some unusual surge of new accounts joining our Telegram group. Untrue claims were made by them. As they refuse to provide their BaseFEX IDs, we were not able to verify if they belong to real BaseFEX traders. To keep this group useful for real BaseFEX traders, we had to remove these accounts from the Telegram group.

These Telegram accounts also have made threats and personal offenses towards our employees and our employees had to block these accounts in private chat.

We also have received complaints from our Twitter followers concerning similar harassments.

After a two day investigation, our engineering team has concluded on the nature of this incident. It is detected that these two accounts had been engaging in long-time and extremely high-volume server attacks that had have a substantial impact on BaseFEX servers’ network conditions. As a result, the rest of BaseFEX traders’ ability to place order was severely undermined. This has generated considerable amount of unfair, if not illegal, earnings for these two accounts, at the expense of other BaseFEX traders. Among which, 11.7 BTC has already been withdrawn.

Malicious activities that benefit themselves at the expense of other traders, such as server attacks, are not only against the very spirit of our community, but also in direct violation of our Terms of Service item 1.2 (a) (b) (d) (e) :
1.2: When accessing and using the Service, You must:
a) not attempt to undermine the security or integrity of BaseFEX’s computing systems or networks or, where the Services are hosted by a third party, that third party’s computing systems and networks;
b) not use, or misuse, the Services in any way which may impair the functionality of the Services or Website, or other systems used to deliver the Services or impair the ability of any other user to use the Services or Website;
d) not transmit or input into the Website any files that may damage any other person’s computing devices or software; content that may be offensive; or material or Data in violation of any law (including Data or other material protected by copyright or trade secrets which you do not have the right to use);
e) not attempt to modify, copy, adapt, reproduce, disassemble, decompile or reverse engineer any computer programs used to deliver the Services or to operate the Website except as is strictly necessary to use either of them for normal operation.


Thus, we have zero tolerance for such activities. After careful consideration, it is decided that we will permanently discontinue our service with these two accounts and the person(s) who possess them.

BaseFEX reserves the right to press criminal charges against the person(s) responsible for the aforementioned malicious activities and slanders. We also reserve the right to pursue other legal actions including civil litigations, in order to recover BTC losses for our entire trader community.

BaseFEX will always strive to fight against all forms of malicious, prohibited activities to ensure fast order placement for legitimate traders.
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