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Showing 3 of 3 results by tomsmi321
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Board Bitcoin Discussion
Re: Cost and Confirmation time of Bitcoin Transactions
by
tomsmi321
on 18/05/2014, 02:23:18 UTC
The democratic solution would be that if you use bitcoins then you should also be mining bitcoins as the system gradually moves from being rewards based to transaction fee based with the increasing difficulty of bitcoins. That way electricity costs ect would be hugely spread out among users and average trasaction costs would stay low. To get a hosted wallet u should be required to devote a small part of ur computers time to mining IMO.
Post
Topic
Board Service Discussion
Re: bitcoin-trader.biz
by
tomsmi321
on 01/05/2014, 09:30:30 UTC
You miss the fact that their commission is paid one time for the period of 120 days, they lock your deposits for this period. So they pay 5% and use you money to trade 80 days (let us assume there are 80 working days in this 120 days period). Let us also assume they keep 0.2% in profits from the sum you invested, the rest of profits is being paid to other investors. Over these 80 days they make 16% and pay 5% in commission. Over larger amounts, this is a lot of money.

Also, do not consider arbitrage as only BTC-BTC trading process. There is BTC to fiat, alt coins to BTC, alt coins to alt coins. Lots of different exchanges and lots of opportunities. All I am saying that this is possible IMO.


Ok so let me try to follow you. I am referred by an affiliate and I decide to invest $100. The affiliate gets $5 upfront for the referral (5% x the value of each purchased Residual Income Share). Let us suppose the affiliate decides to withdraw that $5 commission. This would mean that Bitcoin trader now has $95 dollars with which to trade even though my account still shows a credit against it of $100. Over an 120 days period or 80 trading days they make a 16% return on $95, so $15.2 ($95 x 16%). So then out of this $15.2 trading profit they plug the hole $5 hole so to speak leaving $10.2 residual which is given back to you as profit on your initial investment of $100. Or am I still missing the point entirely?? 
Post
Topic
Board Service Discussion
Re: bitcoin-trader.biz
by
tomsmi321
on 01/05/2014, 06:57:11 UTC
Hi there.
I was just wondering how this thing could be sustainable especially given it’s affiliate commission program. I emailed them and apparently the commission is ongoing. So this means if u were to refer me and I spent $100 then u get $5 (5%) and any money that I later invest you also get 5%. Now the question is, do I still get the full $100 (investment) credited to my account or only $95 (100 less commission)? If I get the full 100 then ultimately this thing is gonna fall apart cause I’m still getting paid a return on $5 which has technically been given to u and u may have since withdrawn and therefore they may/may not have available for trading. Especially given that we are talking about $5 on which a 1% return per day is being paid out, this is gonna create a massive hole somewhere especially if we are start talking about larger sums of money like 1000$s. Or am I missing something?