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Showing 20 of 144 results by pleiotropik
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Re: bitcoin-trader.biz
by
pleiotropik
on 14/10/2014, 15:49:54 UTC
The typhoon ate my homework (!?)  ROFL!!! that should be the epitaph... You have to Love them for the Chutzpah.  Grin
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Re: bitcoin-trader.biz
by
pleiotropik
on 10/10/2014, 17:51:09 UTC
I'm waiting for them to wax poetic on their troubles in a few hours... Also, the crew who mounted this biz come from India and Sri Lanka FYI. I have made good coin arbitraging against them -measured in BTC but also went into the green in USD- through the last 8 months. My bragging rights come from never having recommended the site or the scheme to anybody. All things, good and bad, come to an end. next up, Federal Reserve: if you know how to play your F/X and metals 2015 is going to be a doozy.

Are you indicating that you have actual evidence that they are engaged in some sort of arbitrage activity?  That would be news to most of us.

Or are you just saying you put your 20 dollars worth of Bitcoin in at 650 and they had to pay you back at 300? 

Bold text is correct. Any further payouts would be a surprise.
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Re: bitcoin-trader.biz
by
pleiotropik
on 10/10/2014, 15:22:12 UTC
I'm waiting for them to wax poetic on their troubles in a few hours... Also, the crew who mounted this biz come from India and Sri Lanka FYI. I have made good coin arbitraging against them -measured in BTC but also went into the green in USD- through the last 8 months. My bragging rights come from never having recommended the site or the scheme to anybody. All things, good and bad, come to an end. next up, Federal Reserve: if you know how to play your F/X and metals 2015 is going to be a doozy.
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Re: bitcoin-trader.biz
by
pleiotropik
on 01/08/2014, 13:33:31 UTC
"housemarket is not a ponzi, its inflation driven"

Interesting way of putting it. Would that mean that from 2008 to 2009 US had negative inflation in the order of 60%?

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Re: bitcoin-trader.biz
by
pleiotropik
on 01/08/2014, 05:00:13 UTC
As for strong passwords:

Pick an obscure poem you like, string 10 words together if it's something critical in your web access, change the password once a month and only the N.S.A will know what you're up to.
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Re: bitcoin-trader.biz
by
pleiotropik
on 01/08/2014, 04:57:44 UTC
All ponzi schemes need an initial pool of enthusiasts. For them to be enthusiastic they must receive a payout. Right now BT has a good number of people saying "i'm green" and not telling a lie. There's a second kind that says "i'm green" but they are not being truthful for they detect that being truthful would be detrimental to their cause of recruiting more investors on whose money their payouts depend.

The massive thirty trillion fraud called the "housing boom" is a classic ponzi scheme since the premise was false -"Real Estate always rises in price"-  and its momentum depended on a never ending stream of new suckers that would sign on the dotted line of the paper called mortgage.

I bring that epic instance of ponzification of a whole economy to the conversation because the mass psychology of Bubbles and Ponzi Schemes does not vary in history. Masses can and will  be self delusional and dishonest. This says nothing of individuals. it's just the herd asserting control over the individual, if honesty impoverishes you, you will learn to lie or die of hunger. With the added bonus that whenever it's time to crash, you can crash all together and keep solace with your brethren.

But the top of the pyramid made out like bandits. So when you evaluate a probabilistically high likelihood of an investment being a ponzi, the real question you have to ask yourself when you put money in is "am i early enough to reap the benefit of the bubble?"

And that is exactly the question i posed to myself. I gave it even odds and with that decided to sink a NOT significant % of my stash into it.

I never endorsed or advertised or prompted anybody to "invest" for that would have tainted me in my own eyes since i would have reaped an extra benefit for recruiting. Neither did i ever try to deny the ponzi scheme accusations which well might eventually prove to be true.

But it boils down to this question: Are you early enough; is there a potential pool of investors behind you to allow you to cash out above your gambled/invested money?

I'm not giving odds on that one as of today -even though i have a well formed opinion on BT's eventual demise- for if anybody assumes this is financial advice it must be because they already own the Brooklyn Bridge.

I wrote this little piece so that detractors and defenders can, perhaps work out another angle of debate. i Have enjoyed the trollnado here and would like to keep the discussion lively at the same time that i thank everybody posting here.

 Smiley
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Re: bitcoin-trader.biz
by
pleiotropik
on 25/07/2014, 13:17:44 UTC
i was not complaining or coloring my statement with any value judgments; i was just  noting what the numbers are for the record.

As for me, whatever comes in the future, i'm already in black #'s so: Long live bitcoin-trader.biz   Grin
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Re: bitcoin-trader.biz
by
pleiotropik
on 25/07/2014, 12:27:26 UTC
Average earnings have been going down steadily. January was 28.93%; June was 17.83%.  July will come around the same as june.
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Re: bitcoin-trader.biz
by
pleiotropik
on 17/07/2014, 13:59:05 UTC
Hey guys

I had shares expire yesterday how long does it take for the money to show up in my account so i can re buy?
Last time a share of mine expired (a week ago) it took 20 hours to get sent to cash wallet. Cashouts to processor (bitcoin) have never taken more than 1 working day.
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Re: bitcoin-trader.biz
by
pleiotropik
on 03/07/2014, 02:40:13 UTC

I dont see how keeping it in btc would make it safer, its still 120 days.. Usd is always usd and this service is about making profits without having to do much yourself. If you want to bet on btc increasing or decreasing you should do something else...

If volatility is what attracts people, There's a place to do leveraged bets on BTC's movements called BTC.SX. It is amazingly risky... just so you know. I lost a good amount of coin there during the MTGOX shenanigans. and yes, big players were using it to potentiate their gains with their ability to move the market overall, they would do the usual Stop-gap sweeps to shake weak hands and catch the profit... i have never gone back to the place and would rather do a tour of fukushima... But all this BTC Vs. USD talk reminded me that for high rollers there's plenty of places to get the adrenaline pumping.
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Re: bitcoin-trader.biz
by
pleiotropik
on 01/07/2014, 14:21:23 UTC
  • Bought a total of 20 shares out of which 7 have expired.
    There's 13 active shares as of now
    Cashed out $392.22
    Break even in USD will occur this week
    After that it'll be net +
Measured in btc i broke even further back since my cashouts happened at an average of $450/btc and my average when initially converted to USD was $635/btc
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Re: [HAVELOCK] SCRYPT 3 GH/s hosted scrypt mining project by CRYPTX
by
pleiotropik
on 30/06/2014, 15:05:30 UTC
"Fingers crossed that in the meantime Cryptx hires someone to hold better communications"

They can communicate with excellence at ipo time. Not so much after.  Math doesn't add up, how do you communicate that?
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Re: bitcoin-trader.biz
by
pleiotropik
on 30/06/2014, 14:31:02 UTC
to the guy with $40

the $100 thing makes more profit...

By $100 thing, I'm assuming you mean mining and if so.... no thanks. I have my own mining equipment, and if I wanted to buy more ghs I would probably just add another card or two to my rig. That being said; mining is not getting easier and the income will decrease monthly, purchasing a mining contract is a good way to lose money in the long run.

Also mining shares dont return principal.  No one in their right mind is buying them now.  Its an almost certain loss at this point and gets worse each time the dif goes up.

All mining enterprises that sell hashing power are a loss for the simple fact that difficulty increases are shaving the profit potential for everyone at a steep exponential rate.
Enterprises that get state of the art engines and are sited at low Energy cost places may make a profit.... even they are nervous. 20nm and 14nm chips are on the horizon. They will render the bulk of the mining rigs obsolete in 12 months...
i sincerely doubt anybody buying has from bitcoin trader (or anybody else) will be able to make a profit.
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Re: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (15GH/S per Unit)
by
pleiotropik
on 27/06/2014, 22:28:08 UTC
Reminds me of the Lecture of Al Bartlett where he famously says:

The tragedy of the human race is that it cannot comprehend the exponential function in mathematics.

https://www.youtube.com/watch?v=_v4NU0StM0M
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Re: bitcoin-trader.biz
by
pleiotropik
on 20/06/2014, 16:37:54 UTC
One angle not seen by many. When i bought 5 shares in february 13, they cost me 0.1412btc.  When i cashed out in expiry date june 13, i received 0.17724647;   0.17724647/0.1412=1.2549050076.   --- Besides the daily interest, my gain in BTC was 25.5%. My cashouts from those 5 shares were 0.1176  averaged 83% of initial investment measured in BTC.  Add  0.17724647+0.1176= 0.29484647;  measured in BTC my 120 day gain was 108.8% just considering the interest paid on capital, adding the arbitrage gain... turning 0.1412 into 0.2948 ain't scrubby at all.

----

This just to illustrate that since the company insists on tallying everything in USD, there are opportunities to arbitrage against them as it happened in the aforementioned case, using BTC as reference...

All of that, measured in today's  quote of 586usd/btc= $172.75usd. which is only 72% gain ... But i barely ever use dollars so i do not see this as a minus consideration since i fully expect BTC to thrive in the following 2 years.
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Re: bitcoin-trader.biz
by
pleiotropik
on 18/06/2014, 06:04:12 UTC
Cashout of $100= 0.17724647btc. completed 2 hours ago.

The $20 usd of my expired share apperared on the ledger. i put it back in. total % received and cashed out previously, 87%

Quoted so that you can be sued to pay this money back when the SEC prosecutes everyone involved as they did in the Maddoff case.  Not to mention the IRS or your local tax authority.

So basically you need to pay taxes on your gains now.  And in the future, the SEC (or other authority) might prosecute the ponzi and you and request that you return all of your false gains.

Sorry, i do not belong to your jurisdiction. i do not live in the US nor have any ties to the US legal system.
As for US citizens. Yes they better watch out and never say or type a word. Everything will be used against them.
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Re: bitcoin-trader.biz
by
pleiotropik
on 16/06/2014, 18:05:01 UTC
Cashout of $100= 0.17724647btc. completed 2 hours ago.

The $20 usd of my expired share apperared on the ledger. i put it back in. total % received and cashed out previously, 87%
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Re: bitcoin-trader.biz
by
pleiotropik
on 16/06/2014, 12:19:25 UTC
  • Five Shares (100usd) expired on Friday and i requested a cashout.  During the life of these shares i cashed out $87usd. so it is of utmost interest to me -and to the discussions on the board- to witness if the cashout proceeds smoothly today. Will keep you posted.

    On another note, one share expired today but the initial $20 are not yet in the balance sheet for me to request a bailout. This "glitch" did not present itself when the initial five shares expired, so i will also report on this issue as soon as it is resolved.

As you might gather from the above amounts, this is just chump change for me and for bitcoin-trader; but in the grand scheme of things, delivery on time of "chump money" is as crucial as that of "big money" in terms of establishing confidence. will get back to the board with the outcome.

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Re: Am I the only one who thinks SHAT is a horrible name for an asset? Havelock?
by
pleiotropik
on 10/06/2014, 21:28:33 UTC
Am looking at the SHA offering here: https://www.havelockinvestments.com/fund.php?symbol=SHA

Seems they are an offspring of http://cbcm.co who are placed in Glasgow, Scotland. the webpage says 10ghs/share at.042btc equals roughly $2.70USD/Gh or about 57% what it costs in CEX.io. today.
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Re: [HAVELOCK] Provenance ASIC SHA-256&SCRYPT Offering Monday June 9th
by
pleiotropik
on 10/06/2014, 13:37:49 UTC
With a grand total of 1,950 shares sold (3.5BTC, or almost 1% of the offering), i think somebody will have to go back to the drawing board.