Quote from: dyask on July 08, 2014, 10:40:42 PM

Quote from: Neonart on July 08, 2014, 10:20:10 PM

"For example: if You send 1 btc, we will convert it to usd at www.btc-e.com rate at the moment when You will send bitcoins. To this amount we will add 5% and send it back to You after 14 days. That way You would not lose on bitcoins rate change. All you need to do is to send Your Bitcoins to us and wait for the payout."

Hmmm so I send 1.0 bitcoin, you convert it to $625. Two weeks later bitcoin is at $700 and you return me $656.25 worth of bitcoin. My 1.0 BTC has become 0.9375 bitcoin.

Just how is that a good deal?

- also -
Using bold all the time doesn't make you sound honest and it is rude!

You will have 0.9375 btc but you still have profit in usd.

Quote from: dooglus on July 08, 2014, 10:54:36 PM

Quote from: Neonart on July 08, 2014, 10:20:10 PM

Quote from: dooglus on July 08, 2014, 07:15:10 PM

You are offering a guaranteed (1.05 ** 26 * 100 - 100 =) 255% APR on any amount of money.

I dont know where did you learned math but you did it wrong.

"For example: if You send 1 btc, we will convert it to usd at www.btc-e.com rate at the moment when You will send bitcoins. To this amount we will add 5% and send it back to You after 14 days. That way You would not lose on bitcoins rate change. All you need to do is to send Your Bitcoins to us and wait for the payout."

How did I do it wrong? http://en.wikipedia.org/wiki/Annual_percentage_rate#Multiple_definitions_of_effective_APR has an example of effective APR calculation:

Quote

Consider a $100 loan which must be repaid after one month, plus 5%; this loan has an effective APR of approximately 80% (1.05^12 = 1.7959, which is approximately an 80% increase)

Changing that to fit your numbers:

Consider a 100 BTC deposit to your Ponzi, which is repaid after 2 weeks plus 5%. this deposit has an effective APR of approximately (1.05^26 = 3.555672687944358, which is approximately a 255% increase)

Which bit do you disagree with? What do you think your effective APR is?

Quote from: Neonart on July 08, 2014, 10:20:10 PM

There is higher risk that bitcoins from your website dissapear then we will have 5 bad investments at one time.

My website? What does my website have to do with anything? We've never had any Bitcoins dissapear.

Quote from: Neonart on July 08, 2014, 10:20:10 PM

Quote from: CoolRunnings21 on July 08, 2014, 07:22:13 PM

If you do so good why not jsut use your own money? Why do you need ours? Are you just a good person who wants to make everyone rich?

More money we invest, more money we earn. We are not giving You our whole profit in these 5%.

So you make even more than 5% every 14 days? What is your true effective APR?

My website sometimes received requests from "investors" for us to provide a guaranteed investment, where they were guaranteed never to lose any of their principal. The people asking for it were prepared to take a lower profit percentage than normal in exchange for a "no risk" deal. We thought about it and decided it didn't make any sense. If you have to promise to return invested money, then you absolutely can't afford to use the invested money for anything, because what if you lose it?

If you have "reserv" with which to bail out those investors in the event that you lose their money, you would be better off just using that reserv and keeping the profits all for yourself.

"risk free" investment makes no sense at all, and anyone offering it is a scammer.

5% per two weeks is high but its not impossibly high. I have seen you have many bad feedbacks and all i said is that there is more risk in loosing on your ponzi then we loosing on 5 investments at the one time.

Regards,
Brian

Neonart

Posts

Merits