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Author Topic: Earn e-currency and 'Back' the Bitcoin Economy through Forex Trading !  (Read 4850 times)
BitcoinFX
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July 15, 2010, 12:00:25 PM
 #1

OK. So, most Bitcoin users have 'always on' PC's whilst generating their Bitcoins.

I support BitcoinFX - My Independent Bitcoin to Liberty Reserve - Exchange Service through trading Forex. Basically I donate around 50% of the profits from 2 dedicated Micro Forex trading accounts to the available Liberty Reserve balance each month. The brokers I use accept Liberty Reserve and other existing e-currencies for deposits and withdrawals. I don't have the time to trade manually on these accounts, so I use 'profitable' EA's (Expert Advisor's) - 100% automated robots - to trade the accounts 24/5. This is allowed on the Meta Trader platform and by the broker(s)

So, what I've realized is that if I can do this... then so can anyone who is running a Bitcoin node !

You can use your own generated e-currency 'profits' to help kick start the Bitcoin economy by supporting existing Exchange Services or perhaps even by starting your own exchange ! We are talking  'Micro' levels here, but every Bit helps Wink

Proposal / Methods:

(1) If you don't have a Liberty Reserve account the please sign up for one using this link https://www.libertyreserve.com/?ref=U9745970

This is the BitcoinFX - Liberty Reserve referral link and by opening an account we will receive $0.25 LR and you will receive $0.05 LR. Do not create fake accounts.

See: https://www.libertyreserve.com/en/referral/index.aspx

BitcoinFX will always have a min. $10.00 LR USD balance to ensure the referral bonuses.

Our $0.25 LR will of course be donated to our available BitcoinFX Exchange balance. Smiley


(2) Next you would need to open a Bonus 500 Cent account at ForexCent.

Please use this referral link: http://www.forexcent.com/eng/forex_bonus.html?p=0209

Once the account is open you should send your account no. and Liberty Reserve account no. to the email address on the BitcoinFX website.

You should then make a Bitcoin donation to the value of $5 LR USD and I will send a personal payment of $5.05 LR USD (to cover the 1% LR transfer fees) so that you can deposit $5.00 LR to your ForexCent Bonus 500 account. Thus, giving you a starting trading balance of 1,000 cents.

"Level 3: deposit 5$ and more will increase leverage up to 1:100 and maximum orders number to 15." The deposit is important to raise your leverage from 1:5 to 1:100 !

I will then email you the free Expert Advisor to trade with on your account ! Full instructions are included. However, you agree to use the robot EA at your own risk.

I receive broker 'rebates' from your trading, which in turn I will add to the BitcoinFX available LR Exchange balance Smiley Any profits you make from trading are of course yours to keep, donate, exchange for more Bitcoins or do with whatever you want.

If you have experience of MT4 already and want to take a look at the free robot EA pack just donate me say 100 Bitcoins (which of course will be added to the BitcoinFX exchange balance.) and drop me an email. Obviously, I cannot ensure that the robot is profitable always and again you agree to use it at your own risk, but I use it with much success and it is much better than most 'commercial trash' EA's. If you don't trade it with success, then I'm not getting any ongoing rebates either...

(3) Another 'quality' free EA that you might also consider trading with is Euronis see: http://euronis-free.com/free.html

You must sign-up at a new broker using the referral links on the Euronis website. You can obtain Euronis with just a $2 deposit at either Master Forex or Lite Forex. T's and C's apply of course. Deposits via LR are available at both brokers.
Euronis is no longer available for Micro accounts by the developer team. It starts at around $200.


I intend to initially allocate a LR personal 'donations' pool of around $50 to $100 for genuine Bitcoin users / forum members to take up the above proposition. So, please only consider contacting me regarding the above if you are serious about the offer and willing / able to run MT4 24/5.

However, feel free to replicate this offer / opportunity with your colleagues, friends and fellow Bitcoin users. Using your own referral links etc.

The more Bitcoin users that are also using other existing e-currencies will only help to boost / kick start a more diverse Bitcoin economy for the future !

BitcoinFX

I was a very early Bitcoin adopter - I mined and sold over 12,500+ BTC before they reached just a few cents! I bought a slice of a rather famous Pizza!? and donated 500 BTC to the first Bitcoin Faucet. Got a bit lost along the way... logged out 2010... logged back in 2013... I did 'find' around 25 BTC (in old wallets and sites), which is better than none! <> BBR - CBX - CURE - DASHEMCGAP - GRC - LTC - MINT - NMC - NuBits - PPC - SLM - START - XPM - <> This is not investment advice! <>
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July 15, 2010, 12:10:16 PM
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I forgot to mention that Meta Trader 4 will run 'without issues' in Virtual Machines and WINE.

See: http://appdb.winehq.org/objectManager.php?sClass=version&iId=2893&iTestingId=22068

It's also very low CPU usage and only needs about 128 MB of RAM max.

BitcoinFX.  Grin

I was a very early Bitcoin adopter - I mined and sold over 12,500+ BTC before they reached just a few cents! I bought a slice of a rather famous Pizza!? and donated 500 BTC to the first Bitcoin Faucet. Got a bit lost along the way... logged out 2010... logged back in 2013... I did 'find' around 25 BTC (in old wallets and sites), which is better than none! <> BBR - CBX - CURE - DASHEMCGAP - GRC - LTC - MINT - NMC - NuBits - PPC - SLM - START - XPM - <> This is not investment advice! <>
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July 15, 2010, 04:22:51 PM
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OK Last of the 'shameless' referral links...  Wink

Anyone who might develop an interest in trading Forex through this thread and for those who may already be trading sizable accounts - please also consider signing-up or getting new trading accounts through Cash Back Forex. See: http://www.cashbackforex.com/?aid=4300

They offer 2nd tier rebates to referrals and you will also notice that they make payments via Liberty Reserve ( and other payment methods )

The more rebates obtained = a bigger % donated to the BitcoinFX exchange balance !


P.S. I somewhat strongly resent the posting of referral links in forums myself. However, I think that most of you would agree that there is 'Method in the Madness'... Basically using retail Forex trading and 3rd party rebate offers to 'psyphon' rebates to e-currency accounts and then using them to help 'back' Bitcoin exchange, via donation, albeit at a very low level.

Think about it. The rebates are effectively obtained from the global banking system via retail Forex trading. 100% legal 'low level' backing for Bitcoin through 3rd party referral contribution, as a 'hobby'. If that's not a simple example of Crypto Anarchism at its finest, then I don't know what is. Shocked

I was a very early Bitcoin adopter - I mined and sold over 12,500+ BTC before they reached just a few cents! I bought a slice of a rather famous Pizza!? and donated 500 BTC to the first Bitcoin Faucet. Got a bit lost along the way... logged out 2010... logged back in 2013... I did 'find' around 25 BTC (in old wallets and sites), which is better than none! <> BBR - CBX - CURE - DASHEMCGAP - GRC - LTC - MINT - NMC - NuBits - PPC - SLM - START - XPM - <> This is not investment advice! <>
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July 15, 2010, 05:50:00 PM
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This is a very interesting proposal you have presented.  I will consider it seriously over the weekend.
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July 16, 2010, 03:26:21 AM
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As far as I know I have always a recipient of both addresses in the same account. But it is not a reason to affect my trading. There is always something that can really affect it totally.

online (http://www.computerseo.com)
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July 16, 2010, 05:04:51 AM
 #6

It looks like you have put a lot of thought into this.It does sound promising.I already have a LR account so Im halfway there Grin
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July 16, 2010, 07:38:34 AM
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Indeed noagendamarket I have.

Remember: that different brokers accept e-currencies and / or 'regular methods' for deposits and withdrawals.

You can start trading at a low level using e-currency deposits at some brokers, as I described in my first post, or perhaps choose a more 'regulated' broker in your jurisdiction.

Signing up through cash back forex and depositing say $500 < to a Micro account and then having a medium to high 'automated' trading volume with EA robots will 'yield' a good amount of Liberty Reserve rebates ! A really nice way to 'fund' an LR account and have other real profits too. Wink

Remember: to buy and donate Bitcoins for that LR  Grin  Cool

At this point I should probably give some advice on the 'commercial' 100% automated - robot EA's that actually 'work'. No robot trader can always be profitable, however I've tested most of the 'commercial' ones available and know whats working for me, when I'm not manual trading. Marketing 'hype' and price within the forex EA product market has nothing to do with the quality or profitability it would seem.

I have great results currently with; Forex Shocker, MegaDroid (Pro), Forex Over Drive, Forex Maximizer (not advanced), Forex Cash Rocket / Forex Cash Rocket Turbo and RoboMiner / PipStrider.

Here is a good independent testing site: http://www.bestforexrobots.net/ of new 'robots'

I'm not a representative for any of the above products, services, websites etc. I'm just sharing my knowledge of automated trading. You trade at your own risk obviously. Good Luck. Happy Trading.

I was a very early Bitcoin adopter - I mined and sold over 12,500+ BTC before they reached just a few cents! I bought a slice of a rather famous Pizza!? and donated 500 BTC to the first Bitcoin Faucet. Got a bit lost along the way... logged out 2010... logged back in 2013... I did 'find' around 25 BTC (in old wallets and sites), which is better than none! <> BBR - CBX - CURE - DASHEMCGAP - GRC - LTC - MINT - NMC - NuBits - PPC - SLM - START - XPM - <> This is not investment advice! <>
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August 04, 2010, 09:48:14 PM
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Here is a good independent testing site: http://www.bestforexrobots.net/ of new 'robots'

Independent? says who?
Seems to me more like an affiliate-linklist than a "testing site".

I'd be interested in testing some EAs, so far i haven't found any (more or less free, to test them) that worked out, not even on demo-accounts and i'm less than willing to pay $100 and more for a money-oven.

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August 10, 2010, 04:33:42 PM
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Here is a good independent testing site: http://www.bestforexrobots.net/ of new 'robots'

Independent? says who?
Seems to me more like an affiliate-linklist than a "testing site".

I'd be interested in testing some EAs, so far i haven't found any (more or less free, to test them) that worked out, not even on demo-accounts and i'm less than willing to pay $100 and more for a money-oven.


Well, its as 'independent' as any other BitLex. The results also 'mirror' my experience with most products...

I build, develop and test EA's and I'm also a profitable, full-time day trader.

I was simply trying to give some good advice to those who might have no knowledge of forex trading.

I was a very early Bitcoin adopter - I mined and sold over 12,500+ BTC before they reached just a few cents! I bought a slice of a rather famous Pizza!? and donated 500 BTC to the first Bitcoin Faucet. Got a bit lost along the way... logged out 2010... logged back in 2013... I did 'find' around 25 BTC (in old wallets and sites), which is better than none! <> BBR - CBX - CURE - DASHEMCGAP - GRC - LTC - MINT - NMC - NuBits - PPC - SLM - START - XPM - <> This is not investment advice! <>
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September 13, 2010, 10:15:02 AM
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BitcoinFX :I build, develop and test EA's

I have some manual strategy for forex indicators like elliot oscillators,DMI and Stochastic Fast .Its very tiring to wait for the inflexion point,so I wanted to program my own Expert Advisor .Any suggestion for programming in MQL4 ?

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September 26, 2010, 02:19:22 PM
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This sounds cool will be in touch for a little more info.
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July 23, 2011, 05:43:51 PM
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Any profits?

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July 25, 2011, 04:19:11 PM
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I made 200 $ initially given to me to 497 $ in just one month using my method(DEMO account).

View performance of my strategy(manual).

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