Guys.. it's gonna take a few days for people to start to really understand that PoSA works.. Just enjoy the weekend and see what's to come.
damn son. You doing people dirty. You may call this bashing but I call it how I see it.
This 'club' is the oldest scam in the book - Let me explain how it works.
You all give 1 Bitcoin per month to Bob. He then pools all your Bitcoin together and uses half your money to firstly buy a nice stack of coins for himself in an alt market of his choosing. The other half of your money goes towards placing a big Buy wall just above where he purchased his last coins with your money.
At this stage he has very quietly placed all the coins he just bought with your money in little bundles up the sell order book. The last of his bundles is set at price 'Y'. He then puts the word out to everyone "Guys, pump is on X - Target Y+10% GO!" - All of you will then introduce MORE money and buy up all the coins he has just purchased with your own bitcoin.
You will then be reliant on each other to buy up your coins as Bob has already made his money - All he has to do is remove his buywall and you are all fucked. Not only have you given him 1 Bitcoin but you have now bought a bunch of coins far higher than they would be going for 'but for' Bob's buy wall made up of your own bitcoin.
Now, Bob is smart, he won't just remove his buywall - but roughly a quarter of you will buy too late, you will think "Ah damn, only just got the message - well price is Y-10% and target is Y so I guess I can still make 5-10%!"
Problem! Everyone has already started selling you their coins as when the target is Y the majority of people will always start selling somewhere between Y-20% and Y-10% - depending on their 'greed levels'. Either way you just got burned.
Now he has conveniently placed the disclaimer 'If you follow my guidelines' in his post - It enables him to say "Oh gee man I'm sorry to hear that! But I did do what I said I would didn't I? You were just a bit slow! Better luck next month!" - Those who have fallen for this scam will probably just say "Meh you're right, thanks so much Bob!" and get back to thinking they are part of a special club.
If you cannot see this scam for what it is then I feel sorry for you, because even if you make a bit of money from this, Bob is risking your funds - not his - to both buy and pump up a coin. He doesn't have to risk a single Satoshi of his own stash for this scam to work - but you give him not just 1 Bitcoin as a 'joining fee' but MORE bitcoin in the form of buying his coins above the buy wall he puts up with the rest of your money. He get's ya twice.
Bob I respected you and your substantial portfolio - but this is pretty damn disappointing.
This is no scam, what am I going to do with the so far 3 btc I have earned in membership fees. That's gonna have to be a super small buy support wall eh. Even if I rake in 20 btc... How would that help me with a pump? You know on two occasions I've called prior to purchasing cloak, once for 50 btc and once for 25 btc. The guys I work with are playing with hundreds and some even thousands of btc. I'm doing this as a way to make others money while making some extra coin on the side. And sure, if I ever get to 100 members and I'm taking in 100 btc a month you can be sure that 'll be using some of that btc for the monthly pick, its only natural.
Also, I should note, people get greedy, I;m sure even my member's will at some point. It may pay off or they may lose out. This is out of my control. I can set guidelines all day but if you dont follow them you deserve what you get, even if that means you lose out.
You also seem to forget the power of movement. Coins move and others who are not privy to the membership pick will also be hoping on board with no knowledge of what the set entry's and exits are. There are so many variables, if you want you're more then welcome to join the club and see for yourself how you'll make money with me.
Anyway, if the members play it smart they'll come out ahead every month!
P.s. Can we please stop talking about me now?
Thanks.