|
ajaxmoor
Legendary
Offline
Activity: 1372
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 06:30:05 PM Last edit: June 19, 2016, 08:07:39 AM by ajaxmoor |
|
Just a few suggestions based on my experience on handling investments. You should be transparent about the betting you will be doing, and should do it from a fresh wallet, and on a site like DB(just because they allow everyone to look up bets based on txn id). Feel free to check out my investment method that I used in my thread, It escrows some of the funds before I take investments.
|
|
|
|
ChasingCarsEU (OP)
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 154
Merit: 100
ARgRd5YDR199ZpCs9wjtjhxfDzN6vpDHq6
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 06:32:55 PM |
|
Just a few suggestions based on my experience on handling investments. You should be transparent about the betting you will be doing, and should do it from a fresh wallet, and on a site like DB(just because they allow everyone to look up bets based on txn id)
I'll definitely setup a fresh wallet then, thank you! I already use DirectBet as my main betting house so that won't be an issue! By transparent, what do you exactly mean ? Cheers! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
ajaxmoor
Legendary
Offline
Activity: 1372
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 06:44:34 PM |
|
Just a few suggestions based on my experience on handling investments. You should be transparent about the betting you will be doing, and should do it from a fresh wallet, and on a site like DB(just because they allow everyone to look up bets based on txn id)
I'll definitely setup a fresh wallet then, thank you! I already use DirectBet as my main betting house so that won't be an issue! By transparent, what do you exactly mean ? Cheers! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I just meant, that betting can be a risk despite you being good at it. So if incase the amount is lost, then you should be able to back that up with those bets, which by using a fresh wallet can easily be verified. Since directbet allows this, so it shouldn't be a problem for you if thats what you use.
|
|
|
|
ChasingCarsEU (OP)
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 154
Merit: 100
ARgRd5YDR199ZpCs9wjtjhxfDzN6vpDHq6
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 06:48:08 PM |
|
Just a few suggestions based on my experience on handling investments. You should be transparent about the betting you will be doing, and should do it from a fresh wallet, and on a site like DB(just because they allow everyone to look up bets based on txn id)
I'll definitely setup a fresh wallet then, thank you! I already use DirectBet as my main betting house so that won't be an issue! By transparent, what do you exactly mean ? Cheers! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I just meant, that betting can be a risk despite you being good at it. So if incase the amount is lost, then you should be able to back that up with those bets, which by using a fresh wallet can easily be verified. Since directbet allows this, so it shouldn't be a problem for you if thats what you use. Oh most definitely, betting is always a risk! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Alright, thank you for all the suggestions! As soon as I find my first investor I'll definitely setup a fresh wallet so get it going! Cheers ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
Joel_Jantsen
Legendary
Offline
Activity: 1960
Merit: 1317
Get your game girl
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 06:50:18 PM |
|
Honestly ,not going to work out.What is the guarantee that you will not run away with the money ? How can you be very sure that you won't lose at all ? What happens when you face loss in the bets and you don't have the mentioned ROI to pay at the end of the week ? And if I continue I can probably go on with doubts.
Since you're claiming that you're the "best" tipster why not offer your tipping services like Joca or Carlos Paul ? Everything they do is transparent and that's why people trust them.Also they have never asked for such investments,they offer best tips with couple of options to make money like placing a bet with their referral link.
|
|
|
|
ChasingCarsEU (OP)
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 154
Merit: 100
ARgRd5YDR199ZpCs9wjtjhxfDzN6vpDHq6
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 06:58:57 PM |
|
Honestly ,not going to work out.What is the guarantee that you will not run away with the money ? How can you be very sure that you won't lose at all ? What happens when you face loss in the bets and you don't have the mentioned ROI to pay at the end of the week ? And if I continue I can probably go on with doubts.
Since you're claiming that you're the "best" tipster why not offer your tipping services like Joca or Carlos Paul ? Everything they do is transparent and that's why people trust them.Also they have never asked for such investments,they offer best tips with couple of options to make money like placing a bet with their referral link.
What guarantee do you have of anything dealing with someone online ? How and when did I claim I was the 'best' tipster ? If you're not going to invest, I believe you have every reason to do so and that's perfectly fine. I'm pretty sure someone will take on this great opportunity though, I've proven myself by being above them on the leaderboard for a whole month. Cheers. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) P.S: You can do really small investments. If you're that afraid of losing a small investment you shouldn't even be gambling on the first place.
|
|
|
|
ajaxmoor
Legendary
Offline
Activity: 1372
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 07:09:17 PM Last edit: June 20, 2016, 01:27:51 PM by ajaxmoor |
|
One thing you can do to safe guard the funds about what Joel said, is to hold the investment amount with an escrow and then keep releasing it every day or week so the funds are secured at the same time. There is always a risk with the small amount, but that probably is negligible. Just focus on making it transparent so investors don't ever have to doubt you with your bets.
|
|
|
|
ChasingCarsEU (OP)
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 154
Merit: 100
ARgRd5YDR199ZpCs9wjtjhxfDzN6vpDHq6
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 07:11:29 PM |
|
One thing you can do to safe guard the funds about what Joel said, is to hold the investment amount with an escrow and then keep releasing it every day or week so the funds are secured at the same time. There is always a risk with the small amount, but that probably is negligible.
If I'm going to hold the investment amount with an escrow how am I supposed to bet with those funds ? If people are so skeptical about it, I could maybe just let people invest a maximum of $5 per week or so. Maybe that'd lower the risk ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
Joel_Jantsen
Legendary
Offline
Activity: 1960
Merit: 1317
Get your game girl
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 07:19:11 PM |
|
What guarantee do you have of anything dealing with someone online ?
Maybe their trust ratings ? Escrow ? Depends what "online" implies here.I'm talking specifically about bitcointalk.org. How and when did I claim I was the 'best' tipster ? If you're not going to invest, I believe you have every reason to do so and that's perfectly fine.
If you're not the best tipster I don't see any reasons why I should be risking my investments with you.I don't even intend to invest since I can bet myself and I think I have made decent amount of ROI though sports betting. I'm pretty sure someone will take on this great opportunity though, I've proven myself by being above them on the leaderboard for a whole month.
That is nice but does that guarantee you won't scam ?We get it you know your shit but the point is about trusting you and not your skills.
|
|
|
|
ChasingCarsEU (OP)
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 154
Merit: 100
ARgRd5YDR199ZpCs9wjtjhxfDzN6vpDHq6
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 07:25:05 PM |
|
What guarantee do you have of anything dealing with someone online ?
Maybe their trust ratings ? Escrow ? Depends what "online" implies here.I'm talking specifically about bitcointalk.org. How and when did I claim I was the 'best' tipster ? If you're not going to invest, I believe you have every reason to do so and that's perfectly fine.
If you're not the best tipster I don't see any reasons why I should be risking my investments with you.I don't even intend to invest since I can bet myself and I think I have made decent amount of ROI though sports betting. I'm pretty sure someone will take on this great opportunity though, I've proven myself by being above them on the leaderboard for a whole month.
That is nice but does that guarantee you won't scam ?We get it you know your shit but the point is about trusting you and not your skills. Oh, so you're saying trust ratings mean everything ? That's funny as you can see people scamming out on bitcointalk.org with accounts with PLENTY of good trust ratings. Good on you honestly. If I was the best tipster I wouldn't be around bitcointalk.org, I'd be on vacations on a ferrari right now ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Don't you get NOTHING ONLINE guarantees you you won't be scammed ? Hope you keep having a good ROI streak. Cheers.
|
|
|
|
ajaxmoor
Legendary
Offline
Activity: 1372
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 08:10:27 PM Last edit: June 20, 2016, 01:31:58 PM by ajaxmoor |
|
One thing you can do to safe guard the funds about what Joel said, is to hold the investment amount with an escrow and then keep releasing it every day or week so the funds are secured at the same time. There is always a risk with the small amount, but that probably is negligible.
If I'm going to hold the investment amount with an escrow how am I supposed to bet with those funds ? If people are so skeptical about it, I could maybe just let people invest a maximum of $5 per week or so. Maybe that'd lower the risk ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Thats if you are looking to get funds solely from people. But the way I did it was that I had enough money of my own to insure the amount I take during investments, so I was able to give the extra money I had to the escrow and at the same time take money from investors. If you don;t have the funds to cover it, then you can also just hold some form of collateral with the escrow for the time.
|
|
|
|
ChasingCarsEU (OP)
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 154
Merit: 100
ARgRd5YDR199ZpCs9wjtjhxfDzN6vpDHq6
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 09:01:54 PM |
|
One thing you can do to safe guard the funds about what Joel said, is to hold the investment amount with an escrow and then keep releasing it every day or week so the funds are secured at the same time. There is always a risk with the small amount, but that probably is negligible.
If I'm going to hold the investment amount with an escrow how am I supposed to bet with those funds ? If people are so skeptical about it, I could maybe just let people invest a maximum of $5 per week or so. Maybe that'd lower the risk ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Thats if you are looking to get funds solely from people. But the way I did it was that I had enough money of my own to insure the amount I take during investments, so I was able to give the extra money I had to the escrow and at the same time take money from investors. That makes perfect sense honestly. I'll most likely throw funds into an escrow then. Which one did you use ? Cheers. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
greyhawk
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 09:04:43 PM |
|
That makes perfect sense honestly. I'll most likely throw funds into an escrow then. Which one did you use ? Cheers. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Actually it makes no sense at all. If you already have the money you need to pay for bets, why take investments at all?
|
|
|
|
ChasingCarsEU (OP)
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 154
Merit: 100
ARgRd5YDR199ZpCs9wjtjhxfDzN6vpDHq6
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 09:12:44 PM |
|
That makes perfect sense honestly. I'll most likely throw funds into an escrow then. Which one did you use ? Cheers. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Actually it makes no sense at all. If you already have the money you need to pay for bets, why take investments at all? Being able to place larger bets, that's the whole point. If I didn't have the money to pay for my bets I wouldn't be that great of a tipster, would I ? Cheers.
|
|
|
|
greyhawk
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 09:15:48 PM |
|
That makes perfect sense honestly. I'll most likely throw funds into an escrow then. Which one did you use ? Cheers. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Actually it makes no sense at all. If you already have the money you need to pay for bets, why take investments at all? Being able to place larger bets, that's the whole point. If I didn't have the money to pay for my bets I wouldn't be that great of a tipster, would I ? Cheers. Just so I understand, this is what it sounds like ajaxmoor is proposing: 1. People send their investment money to the escrow 2. You place the bets with your own money 3. Investors get their money back plus any earnings and minus any losses How could you place larger bets if the escrow has the money?
|
|
|
|
ChasingCarsEU (OP)
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 154
Merit: 100
ARgRd5YDR199ZpCs9wjtjhxfDzN6vpDHq6
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 09:18:20 PM |
|
That makes perfect sense honestly. I'll most likely throw funds into an escrow then. Which one did you use ? Cheers. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Actually it makes no sense at all. If you already have the money you need to pay for bets, why take investments at all? Being able to place larger bets, that's the whole point. If I didn't have the money to pay for my bets I wouldn't be that great of a tipster, would I ? Cheers. Just so I understand, this is what it sounds like ajaxmoor is proposing: 1. People send their investment money to the escrow 2. You place the bets with your own money 3. Investors get their money back plus earnings How could you place larger bets if the escrow has the money? If that's is indeed what ajaxmoor is proposing then I won't be going through with it. If that's the case then you're completely right and this makes no sense whatsoever because I'd just be giving my investors free cash while not being able to use their funds for my betting purposes. Cheers and thank you!
|
|
|
|
greyhawk
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 09:21:40 PM |
|
If that's is indeed what ajaxmoor is proposing then I won't be going through with it.
If that's the case then you're completely right and this makes no sense whatsoever because I'd just be giving my investors free cash while not being able to use their funds for my betting purposes.
Cheers and thank you!
Yes I edited the post after I read ajaxmoor's thread to see what exactly he was doing. https://bitcointalk.org/index.php?topic=987312.msg11062488#msg11062488In his case he didn't need more money but wanetd to bet without so much risk so he was passing on any winnings/losses of his bets to the investors minus a fee, so essentially the investors were taking the risk of his bets. In your case though you are seemingly guaranteeing some return (I think) and not passing on losses.
|
|
|
|
ChasingCarsEU (OP)
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 154
Merit: 100
ARgRd5YDR199ZpCs9wjtjhxfDzN6vpDHq6
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 09:29:24 PM |
|
If that's is indeed what ajaxmoor is proposing then I won't be going through with it.
If that's the case then you're completely right and this makes no sense whatsoever because I'd just be giving my investors free cash while not being able to use their funds for my betting purposes.
Cheers and thank you!
Yes I edited the post after I read ajaxmoor's thread to see what exactly he was doing. https://bitcointalk.org/index.php?topic=987312.msg11062488#msg11062488In his case he didn't need more money but wanetd to bet without so much risk so he was passing on any winnings/losses of his bets to the investors minus a fee, so essentially the investors were taking the risk of his bets. In your case though you are seemingly guaranteeing some return (I think) and not passing on losses. Oh, I'm kind of getting it but still looks a bit confusing. The way I planned it was something like this: 1 - You invest $5; 2 - After 7 days you get those $5 + 10%-20% interest; In case of a loss money would be returned (the $5). I was planning on keeping users updated (sharing my directbeteu bet links) with them so they can keep track of their investment! Cheers and thank you for the help! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
ajaxmoor
Legendary
Offline
Activity: 1372
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2016, 09:59:52 PM Last edit: June 20, 2016, 01:26:53 PM by ajaxmoor |
|
Just so I understand, this is what it sounds like ajaxmoor is proposing:
1. People send their investment money to the escrow 2. You place the bets with your own money 3. Investors get their money back plus any earnings and minus any losses
How could you place larger bets if the escrow has the money?
Yes this is what I meant, but with regard to my funds, I was breaking down bets to much smaller bankroll. So my daily bets were never enough to require me to need any additional funds. The link you have posted 2 posts above this should make how my investments worked. The escrow just guarantees to my investors that there will be no chance that they will be scammed from the entire deal .
|
|
|
|
|