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We're preparing an ICO for SITO coin which will pay dividends in USDT from our affiliate marketing network, with 0% fee in the beginning.
The dividend can be increased by registering on partner sites using a list of affiliate links we will provide. All the affiliate revenues will be passed on to token holders.
If you want FREE SITO coins, please post your ethereum address in this thread. This is a limited time offer.
The dividend can be increased by registering on partner sites using a list of affiliate links we will provide. All the affiliate revenues will be passed on to token holders.
If you want FREE SITO coins, please post your ethereum address in this thread. This is a limited time offer.
Poloniex pumps and dumps are done from the inside. Here's how I know.
There's a person (or bot) sitting in Poloniex and he is looking at all the account balances. When he sees that relatively small amounts are left for a certain coin, he pumps that coin. Once sufficiently many people buy in, he stops the pump. He knows exactly how many coins each person has on poloniex as he has full access to the entire Poloniex database. Then he dumps the coin, and waits until people sell at a loss.
I made two buys at Poloniex for recently dumped coins at significant positions. I sold the first coin after five days, and the second coin after seven days, both at a loss. The exact moment I exited my position (to the minute), both coins got pumped more than 70%.
Poloniex is a scam, and it should be reported to SEC.
There's a person (or bot) sitting in Poloniex and he is looking at all the account balances. When he sees that relatively small amounts are left for a certain coin, he pumps that coin. Once sufficiently many people buy in, he stops the pump. He knows exactly how many coins each person has on poloniex as he has full access to the entire Poloniex database. Then he dumps the coin, and waits until people sell at a loss.
I made two buys at Poloniex for recently dumped coins at significant positions. I sold the first coin after five days, and the second coin after seven days, both at a loss. The exact moment I exited my position (to the minute), both coins got pumped more than 70%.
Poloniex is a scam, and it should be reported to SEC.
I think BTCJam is really cool and I generally love P2P lending. So I did a simple experiment. I collected historical data from BTCjam and other Bitcoin P2P lending sites. Then I ran a simple simulation, where I invested into each loan on the platform and observed the outcome. Needless to say, I ended up with a huge loss.
How does that make any sense? You think it's cool... But, you ended up with a huge loss?
What did you do, invest in btcjam on like 3 shitty loans and they all defaulted?
If you're quoting me, at least learn the read. I said I ran a simulation. I did not invest into any loans personally, I just gathered data and a simulated investing and calculated how much I would have earned if had invested. You can do this, because for historical loans, you already know the outcome, that is whether the borrower ended up repaying or he defaulted.
Basically, when you run a simulation and invest into all historical loans, you must end up with a positive return. This validates the fact that BTC Jam does credit scoring properly, because the interest rates compensate for the probability of default. The fact that my simulation ended up with a huge loss means that BTC credit scoring does not work.
In addition, I think the idea is cool, but the implementation does not work. Is it clearer now?
I think BTCJam is really cool and I generally love P2P lending. So I did a simple experiment. I collected historical data from BTCjam and other Bitcoin P2P lending sites. Then I ran a simple simulation, where I invested into each loan on the platform and observed the outcome. Needless to say, I ended up with a huge loss.
Now this is interesting because all these P2P Bitcoin lending sites have a feature, called AutoInvest, which basically invests equally into all loans. That gives an expected net return in the range of 14% according to the sites. I really wonder how they came up with this number, given that investing into the all historical loans gives huge negative returns.
There's two explanations, either I did the analysis wrong, which is possible, or these sites are outright lying about their rates, their credit scores based on PayPal, Ebay etc are completely meaningless, and effectively they're just a massive scam fest. I contacted each site, including BTCJam, but received no reply.
Now this is interesting because all these P2P Bitcoin lending sites have a feature, called AutoInvest, which basically invests equally into all loans. That gives an expected net return in the range of 14% according to the sites. I really wonder how they came up with this number, given that investing into the all historical loans gives huge negative returns.
There's two explanations, either I did the analysis wrong, which is possible, or these sites are outright lying about their rates, their credit scores based on PayPal, Ebay etc are completely meaningless, and effectively they're just a massive scam fest. I contacted each site, including BTCJam, but received no reply.
I'm trying to sync the blockchain but it gets stuck, I've downloaded a fresh chain. It just says constantly that Sync data returned unknown top block. If I can't sync the blockchain, am I able to send money with my wallet? I tried to send some, it says money successfully sent, but I have never received it on an exchange. I've used Payment id.
EDIT: I've redownloaded a fresh copy of the blockchain and my transaction has never gone through. How can I send monero with my client behind firewall? I can't open ports
EDIT: I've redownloaded a fresh copy of the blockchain and my transaction has never gone through. How can I send monero with my client behind firewall? I can't open ports
Project Listed on Crowdfunding Website in need of raising funds through a loan.
We bid on project, offering 20.0 capital at a rate of 7.6%.
Other investors also make their offers, undercutting each other.
Project listing ends, if project is fully funded, owner accepts the monies with smallest rates.
Next day, loan parts are distributed to investors.
We start earning interest on our loan part.
Option 1: We keep the loan part until maturity.
Option 2: We sell the loan part to other investors if they pay us some good premium
We list the loan part for sale. We offer it for 20.06.
Other investor comes, wants to buy our loan, pays us 20.06.
Project owner starts paying interest to other investor from now on, not to us.
We made a quick one time profit, we reinvest our capital into new projects listed.
From the sale, we got back our initial investment 20.0, plus 0.06.
From that, 0.05 goes to website as fee, we keep 0.01.
Considering that it took us 1 day to sell, we made a ((0.01/20)+1)^365 = 1.20 , around 20% annual return.
Key question: How to know in advance which projects will sell fast for a large premium?? Very difficult to tell.
For example, we may list our loan part for sale at 20.06.
Nobody buys it from us.....
We earn interest but it's only 7.6%, not 20% we could have earned by selling straight away.
In addition, there is the danger of defaulting and we may lose all our money.
Lesson: Gotta invest wisely.
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I was thinking of setting up a website, but with bitcoin all account management can be done even without a website. So it would be mostly informational. The only functionally I can think of is to ability to view your current balance. Deposits, Withdrawals, Keeping records can be all done via the bitcoin network.
With regard to shares, do you mean CryptoStocks? At first I thought there would be a common shared fund that everybody contributes to and gets earnings proportional to their investment, sort of like a mutual fund. The main problem is the Bitcoin Exchange fee which is needed to convert fiat to Bitcoin and vice versa. I could do dividend payments, but I'd imagine that people want to reinvest their earning until they want to withdraw everything. Anyway, let me know your thoughts.
We bid on project, offering 20.0 capital at a rate of 7.6%.
Other investors also make their offers, undercutting each other.
Project listing ends, if project is fully funded, owner accepts the monies with smallest rates.
Next day, loan parts are distributed to investors.
We start earning interest on our loan part.
Option 1: We keep the loan part until maturity.
Option 2: We sell the loan part to other investors if they pay us some good premium
We list the loan part for sale. We offer it for 20.06.
Other investor comes, wants to buy our loan, pays us 20.06.
Project owner starts paying interest to other investor from now on, not to us.
We made a quick one time profit, we reinvest our capital into new projects listed.
From the sale, we got back our initial investment 20.0, plus 0.06.
From that, 0.05 goes to website as fee, we keep 0.01.
Considering that it took us 1 day to sell, we made a ((0.01/20)+1)^365 = 1.20 , around 20% annual return.
Key question: How to know in advance which projects will sell fast for a large premium?? Very difficult to tell.
For example, we may list our loan part for sale at 20.06.
Nobody buys it from us.....
We earn interest but it's only 7.6%, not 20% we could have earned by selling straight away.
In addition, there is the danger of defaulting and we may lose all our money.
Lesson: Gotta invest wisely.
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I was thinking of setting up a website, but with bitcoin all account management can be done even without a website. So it would be mostly informational. The only functionally I can think of is to ability to view your current balance. Deposits, Withdrawals, Keeping records can be all done via the bitcoin network.
With regard to shares, do you mean CryptoStocks? At first I thought there would be a common shared fund that everybody contributes to and gets earnings proportional to their investment, sort of like a mutual fund. The main problem is the Bitcoin Exchange fee which is needed to convert fiat to Bitcoin and vice versa. I could do dividend payments, but I'd imagine that people want to reinvest their earning until they want to withdraw everything. Anyway, let me know your thoughts.
How can you even guarantee a return? The best you could really do is less than a percent in dollars for a CD, and it's still not instant access to your money. You could purchase some type of bond, but that's even less access. 10% return, instant fund access and low risk don't go together at all.
Please see https://bitcointalk.org/index.php?topic=610293.msg6763227#msg6763227
Quote
And @OP, you will have to provide a lot of transparency and show proof of your past (recent past as well). Not just short-term but long-term. Anyone can make a lot in a day or a week. Keeping that consistency for months or years is more difficult.
If I upload my anonymised statement data for the past 17 months, would that suffice?
If there's any way to prove it's yours, anything helps,
.I've created a short video screencast. please see it here https://bitcointalk.org/index.php?topic=610293.msg6800456#msg6800456
I've created a short screencast explaining how the investment works. You can watch it here https://www.youtube.com/watch?v=3mqn9114OAM
How can you even guarantee a return? The best you could really do is less than a percent in dollars for a CD, and it's still not instant access to your money. You could purchase some type of bond, but that's even less access. 10% return, instant fund access and low risk don't go together at all.
Please see https://bitcointalk.org/index.php?topic=610293.msg6763227#msg6763227
Quote
And @OP, you will have to provide a lot of transparency and show proof of your past (recent past as well). Not just short-term but long-term. Anyone can make a lot in a day or a week. Keeping that consistency for months or years is more difficult.
If I upload my anonymised statement data for the past 17 months, would that suffice?
You are right that if Bitcoin will reach a price of $100,000 in a year then it makes no sense to invest here. However, what if Bitcoin price will be half of what is today? After all, it used to be $1200 and now it's trading at $450. That's more than half of value lost. You are essentially gambling your money because you can't tell for sure that Bitcoin price will increase.
There is such a thing as low risk high return investment if you know what you're doing and there is an opportunity. The way it works is that we fund P2P loan applications. We analyse the merits of each application and also take into account social media discourse generated, i.e. people can ask questions and borrowers answer and we analyse this text data. For example, if you see lots of health related words, you may deduct that the loan is used in the health industry which traditionally has a low bankruptcy rate so it is safer to lend to. In addition, if a borrower doesn't answer a lot of questions that can mean that there are some problems with his business. People already make judgements based on these factors intuitively, what we do is create a mathematical model that can quantify this judgement. Once we have loans, we can trade with other peers and we can even sell at a premium. That means our software predicts what loans will be in high demand when they are traded, so we can only invest in those in advance that will generate the most profit for us later. It is like forecasting the future with some certainty by learning from hundreds of gigabytes of historical data. It is no surprise that our software makes much better decisions than most normal people on these crowdfunding sites when deciding where to invest and how much. It is also no surprise that we achieve much higher returns than market average while taking no excess risk.
The way we have instant access to the invested capital is that we usually sell all loans for projects within a few days. That means a whole investment cycle is completed in a few days. At any given time, about 30% of the total capital is in cash and in a few days we can exit almost all our positions usually (up to 90%).
In summary you are right that it is impossible to tell for any one person which projects will generate 10% a year, but if you have lots of data and use mathematical modelling that takes into account hundreds of factors, then that's a totally different way to approach the problem.
There is such a thing as low risk high return investment if you know what you're doing and there is an opportunity. The way it works is that we fund P2P loan applications. We analyse the merits of each application and also take into account social media discourse generated, i.e. people can ask questions and borrowers answer and we analyse this text data. For example, if you see lots of health related words, you may deduct that the loan is used in the health industry which traditionally has a low bankruptcy rate so it is safer to lend to. In addition, if a borrower doesn't answer a lot of questions that can mean that there are some problems with his business. People already make judgements based on these factors intuitively, what we do is create a mathematical model that can quantify this judgement. Once we have loans, we can trade with other peers and we can even sell at a premium. That means our software predicts what loans will be in high demand when they are traded, so we can only invest in those in advance that will generate the most profit for us later. It is like forecasting the future with some certainty by learning from hundreds of gigabytes of historical data. It is no surprise that our software makes much better decisions than most normal people on these crowdfunding sites when deciding where to invest and how much. It is also no surprise that we achieve much higher returns than market average while taking no excess risk.
The way we have instant access to the invested capital is that we usually sell all loans for projects within a few days. That means a whole investment cycle is completed in a few days. At any given time, about 30% of the total capital is in cash and in a few days we can exit almost all our positions usually (up to 90%).
In summary you are right that it is impossible to tell for any one person which projects will generate 10% a year, but if you have lots of data and use mathematical modelling that takes into account hundreds of factors, then that's a totally different way to approach the problem.
I have found MPEX that has options trading in its FAQ. http://mpex.co/faq.html However, I find the website absolutely horrifying from a user friendliness point of view. Could someone please explain what the price of CALL options are one month into the future and how I could buy them? Also, it says there's a 30 BTC registration fee, is that still in place?
Welcome to Tistoni's BTC fund. This works by taking Bitcoins, converting them to fiat and investing them into low risk steady return investments which yield up to 10% net returns in a year. We invest into P2P crowdfunding projects on the internet using artificial intelligence technology and actively trade on a number of private markets. Crowdfunding is set to grow exponentially within the next two years so future returns will likely exceed current ones. Once you invest, your money will no longer follow the Bitcoin price movement, which will keep it safe against a drop in exchange rate. It is important to note that we do not speculate in Bitcoin, so keep that in mind. A characteristic of our investment is that losses extremely rarely occur and you get daily small increments to your balance. We also avoid prolonged exposure to securities and aim to trade them in a few days. This reduces long-term risks in investments. We have been active for almost two years and achieved steady returns. You can invest by sending greater than or equal to 1 amount of Bitcoins to the following address 1M6a8S9wtgq8PegcnGSc7EBPZe7bDx49dF . You can withdraw all your funds by sending less than 1 amount of Bitcoins to the same address. Please remember the Bitcoin address you use to deposit and withdraw funds as this is used to identify your account. In order to reduce fixed costs associated with converting Bitcoin, we process all deposits and withdrawals once a week Sunday and all fees are shared between members with pending transactions. This is $7 for deposits and $14 for withdrawals. In addition, we charge a 10% performance fee on all returns. This means if you lose money, then we lose 10% of that too and if you win money, we win 10% of that so you keep 90%. This makes our revenue directly tied to yours. We hope that with new technology everyone around the world can benefit from our innovations.
Video screencast: https://www.youtube.com/watch?v=3mqn9114OAM
Video screencast: https://www.youtube.com/watch?v=3mqn9114OAM
Just to be clear, 10% annual return is when your your money is in fiat. It does not follow the Bitcoin price movement. If you want your savings to be in Bitcoin, then I can only offer 1% return. That is because it takes a lot of extra work to keep the savings in Bitcoin because the Bitcoin price is very very volatile. So I need to pay a lot of extra platform fees, which means 10% returns goes down to 1% return. However, I've found that it is in fact not possible to keep the savings in Bitcoin profitably, so I will go back to 10% return and tell you that your investment will not follow Bitcoin price movement.
In addition, I have instant access to the money. What takes long is transferring it to a Bitcoin exchange and converting it to Bitcoin. This can take several days. In addition, there are fees associated with this. So instead of telling letting everyone do their own deposits and withdrawals, and pay for the fees individually, I thought it would be better to do this once a week for everyone in a lump transaction, in which case some fixed costs can be shared.
In addition, I have instant access to the money. What takes long is transferring it to a Bitcoin exchange and converting it to Bitcoin. This can take several days. In addition, there are fees associated with this. So instead of telling letting everyone do their own deposits and withdrawals, and pay for the fees individually, I thought it would be better to do this once a week for everyone in a lump transaction, in which case some fixed costs can be shared.
Ok good news. With the help of some other members of this forum I've managed to figure out a working business model. So I'm pleased to announce that I can offer bitcoin denominated savings with 1% annual rate minimum. This will be extremely low risk investments. Unfortunately, I cannot offer the instant access to capital, but rather interest will be added weekly.
Stay tuned, the site should be up in a few weeks. Let me know what you think, I'm really keen on gathering as much user feedback as possible. If you don't like the idea, or think it won't work for some reason, and I should especially focus on something (such as trust), please share your opinions.
Stay tuned, the site should be up in a few weeks. Let me know what you think, I'm really keen on gathering as much user feedback as possible. If you don't like the idea, or think it won't work for some reason, and I should especially focus on something (such as trust), please share your opinions.