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Board Securities
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
minerpart
on 24/01/2014, 16:08:34 UTC
I am trying to make something happen.



So you want us to trust you? A multi-million dollar fraudster and financial criminal?

Anyone asking about the WeEx BTC - he sold it. He sold at what he mistakenly thought was the top of the market.

Now he has the USD to buy back maybe only half of the BTC he owes. But he is holding off incase BTC comes back down to where he sold it and he can buy it all back.

There is a BIG but - if he waits another month BTC could be even higher and he will be able to buy back even less of the BTC. And every month his position will get worse and worse.

That's probably why Neo are interested in him - it's a speculative position. They have taken onboard his FIAT and the deal will be if BTC falls to below where he sold they will buy back and distribute the BTC he owes and keep the remaining BTC as a fee. THey have their own market analyst and must think BTC has a chance of going back down. For this 'Ukyo deal' they must have agreed to put their own money in if BTC does go higher instead of down and they will then buy back enough BTC to pay off what Ukyo could today.

In other words if BTC comes down Ukyo wins by paying everyone back and Neo make a large fee. If BTC goes up past a specific target level Ukyo stays with the same BTC he could get today and pays that out while Neo lose their bet and have to payout from their own pocket to make up the shortfall in BTC.