Cryptonyx.com - up to 6% per week - Discussion

[apsvinet]

Just another ponzi for fools ...

Rudeness is also not from the great mind!

Profit is calculated in bitcoin, so you're a little wrong.

Yes, things are different in Bitcoin, even the math.
In Bitcoinland, it is perfectly normal to expect 1% daily ROI from total strangers and to send unrecoverable money to an anonymous website.

I agree, but this is not the worst that happens in "Bitcoinland" =)

It's not rude when it's a fact that only a fool would invest in a HYIP shit program, especially one that hasn't put enough effort into their website to make is even slightly believable that it's a legitimate service.

[GoldSurfer]

It's not rude when it's a fact

It's rude and there are no facts. We have different opinions, but that doesn't make one of us a fool.

[Keyser Soze]

It's not rude when it's a fact

It's rude and there are no facts. We have different opinions, but that doesn't make one of us a fool.

Everything about them screams HYIP/ponzi. If you don't see it then you are either incredibly naive or a shill for the scheme.

[GoldSurfer]

Everything about them screams HYIP/ponzi. If you don't see it then you are either incredibly naive or a shill for the scheme.

These are your guesses. In any case, it does not make anyone a fool.

[apelike]

Are you planning to have a sig campaign soon?

who knows...

You should.. Sig campaign will launch your site to another level.

[GoldSurfer]

your site

My site? I am not connected with the site.
 

[tmfp]

your site

My site? I am not connected with the site.
 

So why are you so defensive about it? There is absolutely no reason to believe it is anything but a crude ponzi. It ticks all the boxes.
Why bother attempting to promote it by starting this thread if you have no connection apart from "the smallest deposit"?

Everything about them screams HYIP/ponzi. If you don't see it then you are either incredibly naive or a shill for the scheme.

These are your guesses. In any case, it does not make anyone a fool.

So, which is it, shill or naive?
Because one things for sure, we aren't fools.

[GoldSurfer]

So why are you so defensive about it?

Im not defensive about it. I just don't like when some fools call others fools because they have different opinions.
I often participate in such "projects" and I don't lose money. What makes me a fool? Only the opinion of a bunch of people who are afraid to take risks for the sake of profits? This is ridiculous.

So, which is it, shill or naive?
Because one things for sure, we aren't fools.

Only two options? It seems to me that this is still a big question who's the fool.

[hertruda89]

we aren't fools

Guess who says this more often...

[GoldSurfer]

Please let's end to discuss who is the fool, this topic was created to discuss the website, not people who take part in it.

[tmfp]

 What makes me a fool? Only the opinion of a bunch of people who are afraid to take risks for the sake of profits?

Lol, yeah sure, if you could only see my trading book right now....

Anyway, I shall leave you in peace to huff and puff this piece of crap "project".
I would wish you good luck, but that would mean some other fool giving you money, so I won't bother.

[GoldSurfer]

 What makes me a fool? Only the opinion of a bunch of people who are afraid to take risks for the sake of profits?

if you could only see my trading book right now

There will not be anything unusual, good luck to you.

[Keyser Soze]

These are your guesses. In any case, it does not make anyone a fool.

They are exactly like many failed ponzis that we've seen before, there is no reason to think this one will be any different.

Why do you think it will be different this time?

[GoldSurfer]

Why do you think it will be different this time?

It is always different.

It depends on your point of view. You are looking for opportunities or sit and whine about everything has the same end.

[Keyser Soze]

Why do you think it will be different this time?

It is always different.

It depends on your point of view. You are looking for opportunities or sit and whine about everything has the same end.

All ponzis end the same, they cannot pay out, then they make up some excuse, disappear and the "investors" are left with nothing. Cryptonyx has all the qualities of a ponzi, so why do you think they are legitimate? Please be descriptive, saying "It is always different" is not a compelling argument.

[GoldSurfer]

so why do you think they are legitimate? Please be descriptive, saying "It is always different" is not a compelling argument.

And why should they be legitimate? I rather like the anonymity and I am not worried about the legitimacy of the service. That's why I use Bitcoin, which is not legitimate in many countries including mine.

[Keyser Soze]

And why should they be legitimate? I rather like the anonymity and I am not worried about the legitimacy of the service. That's why I use Bitcoin, which is not legitimate in many countries including mine.

Seems that we agree it is a hyip/ponzi.

[GoldSurfer]

Seems that we agree it is a hyip/ponzi.

Who said that? Its your opinion. But I don't see the point to argue because the facts are missing.
By your words any anonymous investment website which accepts Bitcoin is a ponzi/hyip. I don't agree with you.

[Keyser Soze]

Seems that we agree it is a hyip/ponzi.

Who said that? Its your opinion. But I don't see the point to argue because the facts are missing.
By your words any anonymous investment website which accepts Bitcoin is a ponzi/hyip. I don't agree with you.

You said it yourself that you do not care if they are legitimate and gave no reason to why they could be legitimate. If you think they are a legitimate business and not a hyip/ponzi, please enlighten us.

It seems relevant, so I'll quote myself from another thread about a recently failed ponzi:

Why not, if "random people on the internet" investments help them to earn even more ? I don't see anything wrong in it.

Their method of raising capital is illogical and does not increase their profit. See below quote from another thread.

I don't have any investment in bitcoin-trader.biz.  Still I'm amazed at how little creativity detractors show.   For example, it is easy to have revolving lines of credit for fiat.   There are also multiple ways of moving fait and you can even move by using other cryto currencies.   There are fees and spreads that cut into the profit, but that isn't as much an issue if you can trade a multiple of your funds in a day.   It is also possible for prices between exchanges to narrow or reverse in a day.    

On creativity: What about the myriad ways a hypothetical arbitrageur could leverage his or her trading?

*Reinvesting some of their steady, fabulous profit until arbitrage opportunity has diminishing returns (no cost!)
*Bank loan, home loan refinance, etc. (~5%)
*Equity investors/partners (could be quite low and risk-free to arbitrageur)
*Credit card cash advance (~20%)
*Loan shark (~40%)
*Payday loan (~200%)
*Paying dozens of people 0.5-3% everyday and updating their balances appropriately (~620-3000%)

Not only is the last option the most expensive, it's the most labor-intensive. Literally the only reason someone would do that is if they want the ability to take the money and run.

Indeed. And also: If you walk up to any venture capitalist or other investment firm and can prove to them that you have a way to make 0.5-3% per day risk-free (which is what BT claims), they'll be falling over eachother to give you their money. You wouldn't need to bother with making a website with account-management, keep an entire support team on payroll and bother with questions and complaints from people with $50 investments. Furthermore, you could definitely negotiate better terms when it comes to your own cut of the profits and the lock-in time of the investment.

If BTs activities are real, then their way of collecting money is incredibly inefficient and simply wasting a ton of potential profit for them.

*Bolded for emphasis.

Obviously the exact returns are different in this case, but the same argument still applies.

Some signs of a ponzi, if you are unaware:

What are some Ponzi scheme "red flags"?
Many Ponzi schemes share common characteristics. Look for these warning signs:

-High investment returns with little or no risk. Every investment carries some degree of risk, and investments yielding higher returns typically involve more risk. Be highly suspicious of any "guaranteed" investment opportunity.
-Overly consistent returns. Investment values tend to go up and down over time, especially those offering potentially high returns. Be suspect of an investment that continues to generate regular, positive returns regardless of overall market conditions.
-Unregistered investments. Ponzi schemes typically involve investments that have not been registered with the SEC or with state regulators. Registration is important because it provides investors with access to key information about the company's management, products, services, and finances.
-Unlicensed sellers. Federal and state securities laws require investment professionals and their firms to be licensed or registered. Most Ponzi schemes involve unlicensed individuals or unregistered firms.
-Secretive and/or complex strategies. Avoiding investments you do not understand, or for which you cannot get complete information, is a good rule of thumb.
-Issues with paperwork. Do not accept excuses regarding why you cannot review information about an investment in writing. Also, account statement errors and inconsistencies may be signs that funds are not being invested as promised.
-Difficulty receiving payments. Be suspicious if you do not receive a payment or have difficulty cashing out your investment. Keep in mind that Ponzi scheme promoters routinely encourage participants to "roll over" investments and sometimes promise returns offering even higher returns on the amount rolled over.

[GoldSurfer]

You said it yourself that you do not care if they are legitimate and gave no reason to why they could be legitimate. If you think they are a legitimate business and not a hyip/ponzi, please enlighten us.

There is no connection between legitimacy and ponzi. A legitimate company can be ponzi and illegitimate service may not be a ponzi.

Some signs of a ponzi, if you are unaware:

I am familiar with these signs, but this is only a warning, not an absolute truth.
At the moment there are no facts. In my opinion this service should get a chance. But I can be wrong.