Post
Topic
Board Economics
Re: Passive Income
by
springgers
on 08/11/2016, 21:47:34 UTC

For anyone interested, that thread is essentially about managing an investor's money and earning for them through trading. Personally, I wouldn't trust these so-called "trusted traders" with my money. Such things usually end up in an outright scam sooner or later. Why would anyone want to share their profits if they could just borrow funds in a bank at a substantially lower interest?

If the bank doesn't trust them, why should we?

No bank would ever provide you a loan for the purpose of crypto trading, at best you could just apply for a standard, personal 'consumption' loan secured by your salary.

But you don't even need that, since most of exchanges are now offering margin trading. So if someone claims to be successful in trading, then he could accumulate enough own funds relatively quickly, without asking for crowdfunding.

That's unless they're talking about more advanced stuff, i.e. organising pump & dumps, then it would make more sense. But yeah, I'll stay out of it anyway.

This crowdfunding sounds like giving money to people that are adicted to gamble but they are "gambling" with trade because I think they have no idea what they are doing or looks like "cloud mining" where the scenario is the same, in other words, you will lose money.