New trading service

[BulletProof_za]

Im thinking of creating a new trading service (6 Day trading service)

Lets use Doges as an example.

Scenario

You send me 1000 Doges because you don't trust me yet then i trade your coins and everyone else's who signs up for the next 6 days.
I take a 5% fee of the profit for my hard work during those 6 days and you are returned your 1000 coins Plus interest which is directly proportional to how much you invested.

Formula :

Return =  Coins invested + ((Profit - 5%) / Total invested ) x Your Investment

Users may only join at the beginning of a new round.

What do you guys think any feedback would be great

[1714790785]

1714790785

[1714790785]

1714790785

[markm]

One of the classic scams.

Please provide your linkedin, facebook, sourceforge, google+, github etc identities and even then we already know that thanks to various intelligence services there are tools to create "established" identities across all social media but at least it will show a little bit of dedication if only to the creation of astroturf identities.

-MarkM-

[BulletProof_za]

Ok so you say its not worth my time working on as to many people will call scam?

[Nullu]

Ok so you say its not worth my time working on as to many people will call scam?

Do one trade at a time, build up a rep and forum status, then sure, why not?

99% of newbies who claim they can make you money are scammers. Unfortunately it is your job to provide the benefit of the doubt if you are in that very tiny 1%

[BulletProof_za]

Ok so you say its not worth my time working on as to many people will call scam?

Do one trade at a time, build up a rep and forum status, then sure, why not?

99% of newbies who claim they can make you money are scammers. Unfortunately it is your job to provide the benefit of the doubt if you are in that very tiny 1%

Ok thanks for the feedback

[BitcoinTate]

And what happens when you lose coins and make a bad trade?

[sighle]

Is this just a short-term stockbroking style system? Seems shady.

Do you have any trade history to prove your skill?
Do you have any current clients that can vouch for you with proof?
Why should we trust you with our money?

[singula]

Sort of "risk-free" investment? (Risk-free for the thread author, not for the investor)

Gimme your coins. I'll try my luck with them on some exchanges, hoping for a profit and if I actually manage to have some profit, I'll take part of it before paying you back and then return the money and be famous here. If not ... well, bad luck. I won't pay the loss from my pocket of course .... so time to disappear?

Nah ... unless you have reputation of a good investor, I doubt anybody will trust you with some significant amount of coins. One risk is that you run with the coins, second risk is that you may actually make negative profit (loss) with the coins.

[markm]

I am suggesting that there are plenty of people in the world who are not ashamed of who they are so why buy into some scammer or even potential-scammer or even mere potential-incompetent who is ashamed of their own identity?

It is needless pointless extra risk.

If it is risk at all rather than a pretty much "sure thing".

(Sure to be a scam; after all why ever would they NOT run with the money? They can maybe buy a new identity with it that they are not ashamed of.)

Even people who are not ashamed of who they are, such as Pirateat40 who actually met with victims in person, do ripoffs with impunity, so even when we all have scans of your passport and the home phone number of your local chief of police that still doesn't really offer us much.

-MarkM-

[BulletProof_za]

And what happens when you lose coins and make a bad trade?

I will only ever allow the amount of coins in the system to be equal or lower than my own reserves of coins so if something goes wrong you will always get what you invested back.

[sighle]

Haha Mark, I always enjoy your contributions.

[BulletProof_za]

I see what you guys are saying. Ill build up more trust and ill head back to the drawing board and think of a new idea

[RenegadeMind]

I've got 100,000 BEK if you can deliver.

[RenegadeMind]

But I want to receive my payout in BTC.

[BulletProof_za]

I've got 100,000 BEK if you can deliver.

i have 500000 lol cant do anything with it

[markm]

Since I see no linkedin, facebook, etc links, no passport scans and so on, here is a useful link for you if you are a hunted felon who dare not reveal his location or identity or the author of a book that insulted The Prophet so that terrorists will kill you the moment they locate you or whatever:

http://bitcoinism.blogspot.ca/2013/12/lex-cryptographia.html

-MarkM-

[BulletProof_za]

Since I see no linkedin, facebook, etc links, no passport scans and so on, here is a useful link for you if you are a hunted felon who dare not reveal his location or identity or the author of a book that insulted The Prophet so that terrorists will kill you the moment they locate you or whatever:

http://bitcoinism.blogspot.ca/2013/12/lex-cryptographia.html

-MarkM-

Lol 

[ninjaboon]

seriously?
please perform necessary due diligence before investing in this type of schemes.

[BulletProof_za]

seriously?
please perform necessary due diligence before investing in this type of schemes.

It was just a thought nothing more and the way everyone has responded i not going to do it