Bitcoin Forum
May 09, 2024, 11:25:32 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 [3]  All
  Print  
Author Topic: I'm done with Bitcoin Securities...  (Read 6236 times)
freedomno1
Legendary
*
Offline Offline

Activity: 1806
Merit: 1090


Learning the troll avoidance button :)


View Profile
April 06, 2014, 08:47:27 AM
Last edit: April 06, 2014, 09:05:21 AM by freedomno1
 #41

I feel for you since I also played with those securities

Not really on Bitfunder since I never used that exchange Weexchange ate my free ripples so no real loss there
BTCT however was interesting since I did walk away from Labcoin and even Activemining fairly intact and got into Labcoins messed up IPO with my shares cut 1/3rd from the initial amount and sold early on that pump, even declared it publicly to the chargin of some who were arguing 10x the price not 5x was a good exit point lol, then played the speculators roulette after seeing that wave go up and down a few too many times all in all I pretty much started off where I was initially plus a little gain.
Neobee however I did lose a bit in but I sold most of my shares a bit too soon and then the rest on the March 17th News at the 0.003 and some range when it went to 0.006 and was buying a bit back on the drop to its IPO price only to find to my surprise a few days later that in the span of two weeks it went from being a super star to dead in the water, so quite the turn of fate.
Not really sure if it was a scam yet although it did get Mircea banned for swearing at the mod and writing off topic posts lol.

That said AM was the one that caught me ironically since I had an average weight at 2.5 BTC a share which after Gen 2 got delayed pretty much left me with a modest gain instead of a large one. That said unlike the other securities AM pays out honestly and is still a good company even if it dropped down in price so my own fault for speculating to high.

Playing the speculators roulette after an IPO is always a challenge.
https://docs.google.com/document/d/1khGADbJeu0efCNZ13lnz8BucG7PfS5Cl9lBZ1sncY-4/edit?pli=1

On non security things I always emptied my inputs.io balance in tradefortresses sig campaign and the reason I made an account was because of those double payments and I never used coinlenders myself I consider myself lucky not to have invested Bitcoins there.

With vircurrex my 10 bucks in litecoins are frozen lol but I call that a loss even though the site still runs for now.

Left a small balance in the Blockchain app wallet but learnt that cold storage is safest less the amount you leave in exchanges which are always at risk. Also made an instantwallet account to put faucet funds into but of course it closed operations a week later lol... So that was my 101 into downloading the QT client.

Bitfunder I got lucky since I did not like Weexchange it just was too bloody clunky for my tastes even though Ukyo and other users said it was designed to act as a seperate unit if the exchange went wonky on btct burnside closed his service professionally securities aside although it is worth noting that Labcoin and Activemining were Voted in, so the gamble now is in trusting havelock and for now they seem ok the only real exchange really to survive of the last three, (mpex living through it all but with scarcely a few securities lol) but hopefully I see the signs again if something changes, been fairly lucky overall but it only takes one mistake to lose a fair bit.


Believing in Bitcoins and it's ability to change the world
1715297132
Hero Member
*
Offline Offline

Posts: 1715297132

View Profile Personal Message (Offline)

Ignore
1715297132
Reply with quote  #2

1715297132
Report to moderator
1715297132
Hero Member
*
Offline Offline

Posts: 1715297132

View Profile Personal Message (Offline)

Ignore
1715297132
Reply with quote  #2

1715297132
Report to moderator
Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715297132
Hero Member
*
Offline Offline

Posts: 1715297132

View Profile Personal Message (Offline)

Ignore
1715297132
Reply with quote  #2

1715297132
Report to moderator
1715297132
Hero Member
*
Offline Offline

Posts: 1715297132

View Profile Personal Message (Offline)

Ignore
1715297132
Reply with quote  #2

1715297132
Report to moderator
GeoRW
Sr. Member
****
Offline Offline

Activity: 350
Merit: 257


Trust No One


View Profile
April 08, 2014, 05:13:33 AM
 #42

I lost only a few and in general I profited quite a lot but during the last 2-3 years I dodged so many bullets (Pirate, GLBSE, Ukyo, Cognitive, MtGox) that I definitely decided to keep away from these investments. I consider to be very lucky to always spot the right time when to get out. BTW, this market is so illiquid that investing 100+ BTC in anything is certain recipe for disaster.
TETOCONPOLERA
Member
**
Offline Offline

Activity: 118
Merit: 10



View Profile
April 08, 2014, 08:04:09 AM
 #43

I'm also worried about securities in bitcoin because we have a little information about any company's owner


I think that we should invest only a few cents or a little amount of coins in each security that we trust, so we can atomize risk in case it were scam


Unfortunately, in my case I found only a very few companies for invest in which I could expect a real profit in bitcoin (not in usd)




Sorry for my english
spinoff
Newbie
*
Offline Offline

Activity: 37
Merit: 0


View Profile
April 08, 2014, 09:57:42 AM
 #44

I too have lost alot (for me) due to my negligence. What I think could change the landscape significantly are rating agencies and decentralized exchanges.
Phildo
Legendary
*
Offline Offline

Activity: 1526
Merit: 1000



View Profile
April 08, 2014, 02:26:15 PM
 #45

I too have lost alot (for me) due to my negligence. What I think could change the landscape significantly are rating agencies and decentralized exchanges.

Rating agencies are only as good as the people making the ratings. everyone needs to start doing their own due dilgence and start asking themselves the important questions.

The most important question is "how will this company make bitcoins?" If their plan relies on the price of bitcoin going to the moon, you should just hold onto your bitcoins because you will be in a better position and have much less risk by holding onto your coins instead of giving them to someone else.
TETOCONPOLERA
Member
**
Offline Offline

Activity: 118
Merit: 10



View Profile
April 08, 2014, 06:06:18 PM
 #46

I too have lost alot (for me) due to my negligence. What I think could change the landscape significantly are rating agencies and decentralized exchanges.

Rating agencies are only as good as the people making the ratings. everyone needs to start doing their own due dilgence and start asking themselves the important questions.

The most important question is "how will this company make bitcoins?" If their plan relies on the price of bitcoin going to the moon, you should just hold onto your bitcoins because you will be in a better position and have much less risk by holding onto your coins instead of giving them to someone else.

100% agree

I think if we expect the price rise we should not invest our bitcoins in conventional companies like real states, casinos, etc  because their incomes are in usd and in the future it would be harder to pay dividends for them. In those case it's better hold btc

spinoff
Newbie
*
Offline Offline

Activity: 37
Merit: 0


View Profile
April 08, 2014, 10:40:01 PM
 #47

I too have lost alot (for me) due to my negligence. What I think could change the landscape significantly are rating agencies and decentralized exchanges.

Rating agencies are only as good as the people making the ratings.

of course, that's a triviality
axilla
Full Member
***
Offline Offline

Activity: 217
Merit: 100



View Profile WWW
April 09, 2014, 12:13:55 PM
 #48

I smelled scam/incompetence early on and my displeasure with both the way TAT and Danny were managing NEO were posted here and on reddit.  In both cases I was basically down voted to non-existance.  

Both TAT and Danny are completely incapable of managing other peoples money at ALL.  I sold at a loss and moved on months ago before the launch.  The writing was on the wall early, no one wanted to listen.  I had a large stake in NEO.  TAT is a huge jerk, and should hardly be managing a McDonalds let alone millions of dollars and Danny is just completely naive.

Growth-O-Matic Grow your business, and increase brand awareness | While everyone else delivers your news to the wire, hoping it gets picked up, we put your press release in front of the eyes of the top bloggers, writers, and decision makers in your industry.
MonkeyBear68
Full Member
***
Offline Offline

Activity: 154
Merit: 100



View Profile
April 09, 2014, 07:15:20 PM
 #49

I smelled scam/incompetence early on and my displeasure with both the way TAT and Danny were managing NEO were posted here and on reddit.  In both cases I was basically down voted to non-existance.  

Both TAT and Danny are completely incapable of managing other peoples money at ALL.  I sold at a loss and moved on months ago before the launch.  The writing was on the wall early, no one wanted to listen.  I had a large stake in NEO.  TAT is a huge jerk, and should hardly be managing a McDonalds let alone millions of dollars and Danny is just completely naive.

Most Libertarian types are jerks. Unfortunately until BTC and BTC Securities are regulated, jerks will prey on those that want change and are willing to believe. Libertarians are either extremely naïve in thinking that men will not take advantage of each other, or they simply are evil and want anarchy so that they may take advantage of others without penalty.

They spout off that it is up to everyone to exercise due diligence, blah, blah, blah, but there is nothing to stop someone from lying or someone from simply becoming corrupted. Some sort of regulation and vetting is required either through a citizens committee or government regulatory body. Punishments are required for those that intentionally harm others. A well ordered and just society is not achieved through anarchy.
kleeck
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


https://karatcoin.co


View Profile
April 09, 2014, 08:38:23 PM
 #50

I smelled scam/incompetence early on and my displeasure with both the way TAT and Danny were managing NEO were posted here and on reddit.  In both cases I was basically down voted to non-existance.  

Both TAT and Danny are completely incapable of managing other peoples money at ALL.  I sold at a loss and moved on months ago before the launch.  The writing was on the wall early, no one wanted to listen.  I had a large stake in NEO.  TAT is a huge jerk, and should hardly be managing a McDonalds let alone millions of dollars and Danny is just completely naive.

Most Libertarian types are jerks. Unfortunately until BTC and BTC Securities are regulated, jerks will prey on those that want change and are willing to believe. Libertarians are either extremely naïve in thinking that men will not take advantage of each other, or they simply are evil and want anarchy so that they may take advantage of others without penalty.

They spout off that it is up to everyone to exercise due diligence, blah, blah, blah, but there is nothing to stop someone from lying or someone from simply becoming corrupted. Some sort of regulation and vetting is required either through a citizens committee or government regulatory body. Punishments are required for those that intentionally harm others. A well ordered and just society is not achieved through anarchy.

Yes. Blame the Libertarians. It's all their fault! Those filthy Libertarians. Down with all lovers of liberty!


  █ █████       ▄████▀▄██▀
  █ █████     ▄████▀███▀
  █ █████    ████▀███▀
  █ █████  ▄███▀███▓
  █ █████▄███▀████▀
  █ ███████▀████▀
  █ █████▀▄█████▄
  █ ███▀▄█████████▄
  █ █▀▄██ ▀█████████▄
  █ ▄████   ▀███████▀█▄   
  █ █████     ▀███▀▄████▄
  █ █████       ▀▄████████▄
                   
                    █████                   
                ▄███  █  ███▄               
             ███      █      ███             
         ▄███         █         ███▄         
       ██    ███████████████████    ██       
    ████            ██ ██            ████   
    ██             █     █             ██   
    █ █           █       █           █ █   
    █ ██         █         █         ██ █   
    █  ██      ██           ██      ██  █   
    █   ██    ██             ██    ██   █   
    █    ██  ██               ██  ██    █   
    █     █ ██                 ██ █     █   
    █     █████████████████████████     █   
    █  ███  ██                 ██  ███  █   
    ███       █               █       ███   
      ███      ██           ██      ███     
         ███     █         █     ███         
            ▀███  ██     ██  ███▀           
                ▀████   ████▀               
▀███▀
                 
██
██
██
██
██
██
██
██
██
██
██
██
██
Benny1985
Sr. Member
****
Offline Offline

Activity: 391
Merit: 250


View Profile
April 09, 2014, 08:49:31 PM
 #51

a background check would have prevented Labcon.  Those guys had scammed before.

I'm not in favor of govt regulation, but I'd like to think there is a way to improve the space here on our own (besides just due diligence, which doesn't stop all the scams, either).

FWIW, forthcoming exchanges are going to have a lot more involved with systemic DD than what we've seen before. The reality is that self-policing doesn't work. Exchanges can adapt the frame and structure as to how federal exchanges work for listing requirements without government oversight.

The problem is that you can't have amateurs with 2-3 members on staff (if that) doing it. Its not just about coding, but verification.
sporket
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250



View Profile
April 09, 2014, 09:40:47 PM
Last edit: April 09, 2014, 09:56:34 PM by sporket
 #52

...
Yes. Blame the Libertarians. It's all their fault! Those filthy Libertarians. Down with all lovers of liberty!

True enough.
It's not Libertarians like Proudhon, who believed private property (as in factories, "means of production") wrong, but the ignorant forum users who think "Libertarian" is a fancy word that somehow justifies rabid, sociopathic greed.
Thanks for bringing that up.
18602981897
Full Member
***
Offline Offline

Activity: 151
Merit: 100


View Profile
April 27, 2014, 03:15:30 PM
 #53

You are very rich

BTC:14NxNcYM5WFG7N9NmcQioT5JxZjh5dbTET
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!