Post
Topic
Board Speculation (Altcoins)
Re: Is there a company that can trade cryptocurrency for you and produce profit?
by
KylesmomisaB
on 09/03/2018, 15:29:35 UTC
Well as for me I wouldn't advise anybody to give his money to some set of people to trade because they are not different from ponzi scheme. They only promise you a high return but what they do in actual sense is to use another new member money to pay your return  on your investment I.e  the more new people come in to invest the more  money for them, on the long run it will finally crash once they can get more people to sustain the business. So my advise for you is do your own research and buy some portfolio of altcoin by so doing you would have diversify your investment and for sure within 12 month  to 18 you will sure get a good return on your investment!!!! Wink
Even if those companies were not a scam, you'll be going against what bitcoin stands for, the whole point of bitcoins and cryptocurrencies in general is to have control of your money  and to not have to rely on anyone else for its protection or its growth if you give your money to someone else expecting you to give you more money in return you go against those principles.
Side point of crypto and life: don't partake in ponzi schemes or promote them. What you just described OP is literally what the Bitconnect platform was. A trading bot which guaranteed returns for you, a bit suspicious no? Well tons of people thought it was legit, which is bizarre and I sincerely hope that was the last time it happens.