Lol, People are so rude.
There is the old site :
http://www.wolftech.net.au/WolfInvest/Disclaimer: I Have some money invested in Wolftech, but I am not associated with the op in any other , or more profund, situation
answering to some questions:
"Them we should trust you wont take our money and run" . I agree that this is a possible situation, but there are a lot of things that makes me thing otherwise, they are:
-there are only 5k shares in circulation, totaling 50 btc. I dont think that if this was a scan he would scan for so little
-there are regular divident without issuer flooding the market with more shares
-He has a twitter account with a lot of personal information
"If you are such a good trade, why you need funds"
-let me explain you something, independently if you trade bonds, stocks what whatever: 0-8-2% ROI a week is HUGE.And probably only possible because this is a nascent market.Of course you have traders that do more, but they are the same that risk more and get completly screwed after some bad move.
"So you dont have any propietary software etc etc"
- I am , personally, tired of those announce at cryptostocks like:"ow we are insane, we have this huge software that is SUPERB,we need a lot of money in the IPO". If you ever traded in your life, you know that software can help but truth is that you can live without it, automotation is good, but dont EVER trust a "black box" software.Let me clarifiy something: He is not pretending that he is doing high frequency trading, we dont even have liquidity for that, he is a simples trader, he doesnt not necessarely need a huge software.
I know that can be drawbacks and etc... But the huge criticism without a proper assessment of the situation isnt nice.
There's a difference between being rude and offering clear, concise criticism.
"Them we should trust you wont take our money and run" . I agree that this is a possible situation,
If you agree, then clearly my issue here is founded in reason - there is no oversight of the funds.
-there are only 5k shares in circulation, totaling 50 btc. I dont think that if this was a scan he would scan for so little
It's around $25,000 to $30,000 at the moment - I've seen people scam for much less
-there are regular divident without issuer flooding the market with more shares
-He has a twitter account with a lot of personal information
Unfortunately, daily dividends can just be someone paying out their initial funds, ponzi-style. However, in the interest of being fair, this could be profits being paid out.
The twitter account (
https://twitter.com/shanevi )? It's just barely above the level of a spam-bot - all he does is post referral links to exchanges and his own thrown together 'blog' filled with advertising and more referral links. I'm also not seeing any personal information.
-let me explain you something, independently if you trade bonds, stocks what whatever: 0-8-2% ROI a week is HUGE.And probably only possible because this is a nascent market.Of course you have traders that do more, but they are the same that risk more and get completly screwed after some bad move.
I'm going to assume you meant .8% to 2%. Per week, yes this would be a huge gain - however, the gain is not guaranteed and you have to trust some anonymous entity not to lose it all or run with the money.
- I am , personally, tired of those announce at cryptostocks like:"ow we are insane, we have this huge software that is SUPERB,we need a lot of money in the IPO". If you ever traded in your life, you know that software can help but truth is that you can live without it, automotation is good, but dont EVER trust a "black box" software.Let me clarifiy something: He is not pretending that he is doing high frequency trading, we dont even have liquidity for that, he is a simples trader, he doesnt not necessarely need a huge software.
You know what I'm tired of? People throwing up bad business ideas or, worse, blatant scams on Cryptostocks simply because they only need a few BTC to get it listed there. You don't even have to be verified at all, you can literally pay the BTC, throw up a quick domain, and you're off to raise as much BTC as you can before the bottom falls out.
My criticism here is that some guy is promising to be good at trading, without any proof, records, or significant advantage over anyone else out there with a bter, bitfinex, bitstamp, btcchina, whatever account.
I know that can be drawbacks and etc... But the huge criticism without a proper assessment of the situation isnt nice.
My goal here isn't to be nice. My goal here is to ask hard questions that need to be answered before anyone puts any money into something like this. I believe that I've properly assessed the situation and if it keeps one person from losing some BTC to this venture then it's worth the time.
