I don’t see why you are interested in getting small sums from other people.
Over the short term, there wouldn't be much potential for gain. It would be the beginning of a process to build a reputation, keep a record of wins versus losses, and try to prove I can deliver on my claims. The low sums would be to make it easier to cover losses in the eventuality of worst case scenarios and ensure that any funds held in
trust will be 100% insured.
The long term perspective is where things get interesting. If 6-12 months from now, I can prove the validity of my claims, then there might be an opportunity there.
I've seen a thread on the investor based games or from another section I really can't remember exactly since it was an old thread where he invites users to invest 0.01 btc to him and they would have to choose which coin they want to invest on and he must hold everyone's money for about a year and then give it back to them.
How long are we talking about for this hodl service you're planning to operate in the future?
Edit. : I found the
thread it was from Loyce.
Nice link! Almost identical to what I was thinking of.
What do you mean? do you intend to interest us to invest money for your gamble, in return for 15 - 50% per month?
Yes. 100% correct. Also: an accurate description of what banks, hedge fund managers and other investors do.
When you deposit money in a bank, any legal guidelines which prevented them from gambling with your money were removed back in 1999. The 2008 economic crisis was a real world example of what happens when banks gamble on subprime mortgages and lose.
Anyways I just feel like I need to do something for myself and perhaps the community this is the only thing I can think of where I might contribute.