Pig Farm Investment. 5 % Monthly. Has been running for 6 months.

[netmonk]

My lastest payment is from 21 of october :
https://blockchain.info/tx/ea77f221e4a0e348c6f14d75bbe9cdea2bd43ce2d231c6cb94b4ac58d80a0d0a

I just love the way people became suddenly ponzy expert, saying afterward "look i was right"

Anyway for a ponzy it's a long one, as far as it runs since april to october (7 months).

I just wish it is not, and that everything has a reason.

[btc junkie]

My lastest payment is from 21 of october :
https://blockchain.info/tx/ea77f221e4a0e348c6f14d75bbe9cdea2bd43ce2d231c6cb94b4ac58d80a0d0a

I just love the way people became suddenly ponzy expert, saying afterward "look i was right"

Anyway for a ponzy it's a long one, as far as it runs since april to october (7 months).

I just wish it is not, and that everything has a reason.

This is how a ponzi works. The first few investors always get paid. The owner runs off after building some trust and gaining additional investors.

[mrcash02]

My lastest payment is from 21 of october :
https://blockchain.info/tx/ea77f221e4a0e348c6f14d75bbe9cdea2bd43ce2d231c6cb94b4ac58d80a0d0a

I just love the way people became suddenly ponzy expert, saying afterward "look i was right"

Anyway for a ponzy it's a long one, as far as it runs since april to october (7 months).

I just wish it is not, and that everything has a reason.

Well, everything always have a reason... But I wouldn't like to see this becoming a scam investment also, like all the investors, unfortunelly that is what everyone is seeing now. OP disappeared without trails, that is very strange, it's very normal people start accusing him to be a scammer.

Ponzies usually don't survive for so long time, you are right, but a very famous one survived for about 8 months, HashOcean.

[xhomerx10]

So I was googling Simantri to find out what it means - it's some sort of government program that finished up in 2009.  I have a feeling that "pig farm" was dilapidated because the program didn't work and it wasn't actually owned by our friend.  Seems that he really doesn't know how to raise pigs in a frugal manner either.  I think he wasted all the investors money on frivolousness!


 
 Seriously, a simple number tattooed on the pigs lip to establish ownership would have sufficed.  I wonder how much those tats are worth?

 Okay, I realize that satire doesn't transfer well between cultures so... I'm joking about the tattoos and those are not his pigs (to the best of my knowledge).


 Elsartorio.com - was previously owned by iSimantri using the e-mail address temansuteman.gmail.com who also goes by AlitFX on social media.

 temansuteman@gmail.com: is also the email address that is associated with the google account owner (Mani Ta) where iSimantri posted his pig video

 Looks like Vod called another scam before it became apparent.

[netmonk]

Well, everything always have a reason... But I wouldn't like to see this becoming a scam investment also, like all the investors, unfortunelly that is what everyone is seeing now. OP disappeared without trails, that is very strange, it's very normal people start accusing him to be a scammer.

Ponzies usually don't survive for so long time, you are right, but a very famous one survived for about 8 months, HashOcean.

"Only invest what you can afford to loose" -- The best advice from my grand father !

A little sad to have been tricked this way, but no impact on my financial life.
I hope it's the same for all investors.

[Oilacris]

Well, everything always have a reason... But I wouldn't like to see this becoming a scam investment also, like all the investors, unfortunelly that is what everyone is seeing now. OP disappeared without trails, that is very strange, it's very normal people start accusing him to be a scammer.

Ponzies usually don't survive for so long time, you are right, but a very famous one survived for about 8 months, HashOcean.

"Only invest what you can afford to loose" -- The best advice from my grand father !

A little sad to have been tricked this way, but no impact on my financial life.
I hope it's the same for all investors.

This rule should be use always on each time you make an investment on a particular site or business. Invest only on the amount you could able to loose because there are risk on every investment we made.For this pig farm investment and as ive read above it turns out to be scam already and i feel sad for those who believe on this kind of business or investment.

[xypos]

I think that this just proves how convincing someone may sound when they have just a little bit of pictures and have a senior member account on a forum. If he was a newbie even with pictures nobody would have bitten. Another reason why activity points shouldn't be the sole indicator of whether someone is trustworthy or not. Even senior members want to scam.

[senyorito123]

Well, everything always have a reason... But I wouldn't like to see this becoming a scam investment also, like all the investors, unfortunelly that is what everyone is seeing now. OP disappeared without trails, that is very strange, it's very normal people start accusing him to be a scammer.

Ponzies usually don't survive for so long time, you are right, but a very famous one survived for about 8 months, HashOcean.

"Only invest what you can afford to loose" -- The best advice from my grand father !

A little sad to have been tricked this way, but no impact on my financial life.
I hope it's the same for all investors.

This rule should be use always on each time you make an investment on a particular site or business. Invest only on the amount you could able to loose because there are risk on every investment we made.For this pig farm investment and as ive read above it turns out to be scam already and i feel sad for those who believe on this kind of business or investment.

Thats why we should not invest on some matter without even proving that they have physical evidence and instead of investing on him why we cannot rise our own pig farm? Investing huge at him is just like suicide and not ideal one to continue for, and look what happen now, the people believes him are in vain and sorry for the loss on those past investor but i think we need to mov on from this bad instance since the OP ran away and thats the end of discussion and speculation.

[cpfreeplz]

You guys deserved to lose your money if you have been an intelligent investors a pig farm is not possible to give you a monthly payment.  
Glad this turned into scam already.

Lol ok let's not exactly go that far. I wouldn't blame the victim per se, but yes it was pretty obvious. The problem is people thought be cause he actually owned pigs that somehow the high rate of return was achievable. If I start a potato farm and tell you I'll give you 200% ROI in a month you'd be asking me how do you could start your own potato farm lol.

If it's too good to be true it most likely is. This is exactly that situation. The early investors got s few payments and then all of them got screwed. Don't incest if there's no way to get your money back. He can't give you a pig if you live on the other side of the world (not that you'd want one rofl).

That is not the only reason why people invested. He showed a video with a farm pig structure, some pictures also of the farm progress. It wasn't like any other Ponzi scheme with unreal promises and no proofs. 5% monthly can be real and he promised to pay the income relative to the investment cost in dollar. Example: if someone invested 1 Bitcoin when the BTC was in $600, he would pay $30 monthly until the end, doesn't matter the BTC price variations.

Offering 5% monthly (assuming simple interest) is the same as offering a 60% return on investment. If you think that's realistic then you're very naive. If I was running a legitimate business I would offer maybe 5%, 10%, or 15% interest and negotiate from there. I would never give someone 60% interest because I'm not a fool with my money.

Obviously the @op isn't either as he just made payments until he had enough 'invested' to run. Sure he has a pig farm. I have no doubt in my mind. But offering 60% return from the beggining is obviously too good to be true. Why not just go to a loan shark? Oh that's right, because when you don't pay back the loan shark you'll have your kneecaps broken.

Let this be a lesson to anyone reading. Even if it's a legitimate business that doesn't mean high returns are still possible. Who's to say he couldn't get a loan from a bank because he's 100k in debt already? Or he has terrible credit because he doesn't pay people back?

Don't you believe someone can offer 5% interest monthly? It's not impossible. 60% YEARLY isn't an absurd amount.

So you 2.5% interest weekly is an absurd too, because on month it will be 10%! And I see some people offering this amount of interest weekly. OP could work the first year just to build his farm and to pay the investors (if he were a honest person), in the second year he could start manking profit for himself, because the investments were already paid.

Sorry, I think naivy is who thinks too small that can't believe 5% monthly interest is very possible and I would say reasonable...

Look what @op offered. Look what people got in return. Greediness led to a huge loss rather than a modest gain. No business can afford a 60% interest rate and if they can, they're in the money laundering business. Case in point though of course is this thread. It was (and still is) unrealistic and naive to think 5% a month is a modest return.

[netmonk]

Look what @op offered. Look what people got in return. Greediness led to a huge loss rather than a modest gain. No business can afford a 60% interest rate and if they can, they're in the money laundering business. Case in point though of course is this thread. It was (and still is) unrealistic and naive to think 5% a month is a modest return.

Well obviously a 60% yearly interest rate is not only a matter of money laundering. My wife is running a little business to sell western product on chinese market and i can say you that 100%  rate is happening often.

The major problem is scaling, and growing, to become official and start to pay tax which would lead to rate drop.

Iphone cost around 100$ to produce and is sold around 700$, is it money laundering ?
Go on kickstart and look at successful project benefit... 60% is quite low on most of project.

Given my own calculation, 5% monthly rate in pork business is not so much unrealistic. That is why i invested one btc (~475$ back in time). The amount i invested is quite realistic too, i didnt put hundred of thousand dollars.

The only point which could induce a undercover scam is the monthly payement.
At the begining, with only a few investors, how was he able to pay the 5% interest ? would have been a good question.

Anyway time to find new opportunity to invest my remaining bitcoin  

[mrcash02]

You guys deserved to lose your money if you have been an intelligent investors a pig farm is not possible to give you a monthly payment.  
Glad this turned into scam already.

Lol ok let's not exactly go that far. I wouldn't blame the victim per se, but yes it was pretty obvious. The problem is people thought be cause he actually owned pigs that somehow the high rate of return was achievable. If I start a potato farm and tell you I'll give you 200% ROI in a month you'd be asking me how do you could start your own potato farm lol.

If it's too good to be true it most likely is. This is exactly that situation. The early investors got s few payments and then all of them got screwed. Don't incest if there's no way to get your money back. He can't give you a pig if you live on the other side of the world (not that you'd want one rofl).

That is not the only reason why people invested. He showed a video with a farm pig structure, some pictures also of the farm progress. It wasn't like any other Ponzi scheme with unreal promises and no proofs. 5% monthly can be real and he promised to pay the income relative to the investment cost in dollar. Example: if someone invested 1 Bitcoin when the BTC was in $600, he would pay $30 monthly until the end, doesn't matter the BTC price variations.

Offering 5% monthly (assuming simple interest) is the same as offering a 60% return on investment. If you think that's realistic then you're very naive. If I was running a legitimate business I would offer maybe 5%, 10%, or 15% interest and negotiate from there. I would never give someone 60% interest because I'm not a fool with my money.

Obviously the @op isn't either as he just made payments until he had enough 'invested' to run. Sure he has a pig farm. I have no doubt in my mind. But offering 60% return from the beggining is obviously too good to be true. Why not just go to a loan shark? Oh that's right, because when you don't pay back the loan shark you'll have your kneecaps broken.

Let this be a lesson to anyone reading. Even if it's a legitimate business that doesn't mean high returns are still possible. Who's to say he couldn't get a loan from a bank because he's 100k in debt already? Or he has terrible credit because he doesn't pay people back?

Don't you believe someone can offer 5% interest monthly? It's not impossible. 60% YEARLY isn't an absurd amount.

So you 2.5% interest weekly is an absurd too, because on month it will be 10%! And I see some people offering this amount of interest weekly. OP could work the first year just to build his farm and to pay the investors (if he were a honest person), in the second year he could start manking profit for himself, because the investments were already paid.

Sorry, I think naivy is who thinks too small that can't believe 5% monthly interest is very possible and I would say reasonable...

Look what @op offered. Look what people got in return. Greediness led to a huge loss rather than a modest gain. No business can afford a 60% interest rate and if they can, they're in the money laundering business. Case in point though of course is this thread. It was (and still is) unrealistic and naive to think 5% a month is a modest return.

We are talking about animal business. Depending your area, your food supplies, your knowledge and will, you can make this profit (5%) or more monthly. It's not like lend money to banks and earn little profit over it, it's not passive income.

You are working with it, probably all day long, feeding the animals, looking if it's all ok with them.

Once you bought some animals, you don't need to buy more in the future, if you know how to take care them. They will give birth to more animals, and this way, multiplying your animal breeding.

The guy in this thread taking the money from investors would pay interest only for 1 year. The first year is time to build the farm, and not to make profit for himself. Again, he could use their earnings of first year just to pay investors.

You say it's impossible to pay these rates (5%) monthly to someone, but some banks are taking these rates when they lend money to farmers and another people trying to create their businesses. If they can pay the lend tax to banks, OP could pay the investors, his farm could generate enough income to pay everybody... But for some reason it didn't go well. We don't know why, but I'm sure it's not because he had to pay 5% monthly to investors.

[netmonk]

If i had the place for exemple, i would do the same with dog (belgian sheperd Malinois).
I know some people selling 3000Euros each baby pure race ( between 3 to 6 babies per pregnancy).

They were able to buy an house after few years of breeding and selling such little dogs in Europe.

[the_coldplay]

Crosspost.  This is a ponzi.

https://bitcointalk.org/index.php?topic=1442262.msg14600833#msg14600833

Thanks for scambusting this guy. I was thinking about investing.
You saved me from that.

THANK YOU!

[Brob12321]

This was an obvious ponzi from the jump; anyone saying that they will pay you 5% monthly no matter what from a damn pig farm is obviously a scammer.  From the investment stats it looks like people lost hundreds of dollars.  That is probably that guys yearly salary, so you guys should feel good about yourself the poor man can eat for a few months now.

[the_coldplay]

This was an obvious ponzi from the jump; anyone saying that they will pay you 5% monthly no matter what from a damn pig farm is obviously a scammer.  From the investment stats it looks like people lost hundreds of dollars.  That is probably that guys yearly salary, so you guys should feel good about yourself the poor man can eat for a few months now.

People make business pitch all the time and offer good interest but yes 5% monthly is money the loan sharks make. But I do read that pigfarming is a billion dollar business so money can be made.

[btc junkie]

Crosspost.  This is a ponzi.

https://bitcointalk.org/index.php?topic=1442262.msg14600833#msg14600833

Thanks for scambusting this guy. I was thinking about investing.
You saved me from that.

THANK YOU!

You should always read the latest posts before investing. If Vod didn't scam bust him earlier in the thread would you have invested without reading that he was proven to be a scammer a few weeks ago?

[the_coldplay]

Crosspost.  This is a ponzi.

https://bitcointalk.org/index.php?topic=1442262.msg14600833#msg14600833

Thanks for scambusting this guy. I was thinking about investing.
You saved me from that.

THANK YOU!

You should always read the latest posts before investing. If Vod didn't scam bust him earlier in the thread would you have invested without reading that he was proven to be a scammer a few weeks ago?

That's a good question. Probably not because I know something was fishy. But seeing vod there obviously save me time because I may have started to do some research on this project and that would have been a waste of time.

[ultrloa]

Crosspost.  This is a ponzi.

https://bitcointalk.org/index.php?topic=1442262.msg14600833#msg14600833

Thanks for scambusting this guy. I was thinking about investing.
You saved me from that.

THANK YOU!

You should always read the latest posts before investing. If Vod didn't scam bust him earlier in the thread would you have invested without reading that he was proven to be a scammer a few weeks ago?

That's a good question. Probably not because I know something was fishy. But seeing vod there obviously save me time because I may have started to do some research on this project and that would have been a waste of time.

Eventhough there's no words of vods about that site actually we can determine that his investment platform is shaddy and easily to be pointed as ponzi, and if we truly have huge money well why people go fall for his scheme? Instead its truly good for their side to build their own pig farm, allthough its not easy to build but come to think for it the profits well be surely yoyrs rather than this one that turns already as scam.

[the_coldplay]

Crosspost.  This is a ponzi.

https://bitcointalk.org/index.php?topic=1442262.msg14600833#msg14600833

Thanks for scambusting this guy. I was thinking about investing.
You saved me from that.

THANK YOU!

You should always read the latest posts before investing. If Vod didn't scam bust him earlier in the thread would you have invested without reading that he was proven to be a scammer a few weeks ago?

That's a good question. Probably not because I know something was fishy. But seeing vod there obviously save me time because I may have started to do some research on this project and that would have been a waste of time.

Eventhough there's no words of vods about that site actually we can determine that his investment platform is shaddy and easily to be pointed as ponzi, and if we truly have huge money well why people go fall for his scheme? Instead its truly good for their side to build their own pig farm, allthough its not easy to build but come to think for it the profits well be surely yoyrs rather than this one that turns already as scam.

But who do you get from a scam to a poniz? What steps did you take to get there?

[nikilavi]

New policy .Start a ponzi just say u r going to invest in some barber business run it for 4 months get trust. Get more investments continue running it for 2 more month just to wrap up things after 2 months stop paying ignore people who invested don't send any payments disappear from the forum. The people who suffer are those who trusted you and finally they blame themselves for investing in this shit and the person who is currently enjoying of course the scammer.