[ANN][🔥CROWDSALE🔥] Luxcess Group CRYPTO-FOREX FUND with TRACK RECORD-2014 🔥📈🚀 - page 85.

gee777

member

Activity: 728

Merit: 10

Quote from: Nathan01 on February 06, 2018, 07:28:38 PM

I am a medium app user because I enjoy reading a whole lot but can someone tell me why luxcess-group ain't updating and posting on medium? Their last post was days ago and it ain't good for visibility

Yeah, I have seen a lot of peeps complaining but i always say if the dont have what to post they don't need to post...Maybe there isn't much going on right now.

Anilg

member

Activity: 168

Merit: 10

Quote from: cryptossi on February 06, 2018, 12:58:55 PM

Quote from: Gunny95 on February 06, 2018, 12:35:44 PM

Quote from: cryptossi on February 06, 2018, 11:43:31 AM

Quote from: Gunny95 on February 06, 2018, 10:06:21 AM

Quote from: cryptossi on February 06, 2018, 09:48:44 AM

Quote from: ibininja on February 06, 2018, 05:42:27 AM

I was going through the whitepaper and read this:
"If you invest your tokens at the index value 1.00 and it increases to 2.00, you made a 100% yield. In case of withdrawal, the platform automatically deducts PROFIT SHARE (30% of the yield) whereas the rest of the money is transferred to Royal Luxcess Hold"

If I understand correctly any withdrawal is subject to 30% deduction of the profit; if there weren't any profits no deduction would take place?

Yeah but they’re investing on your behalf, they have to make money, all banks/asset managers do it therefore it makes sense that the Luxcess collective investment fund would also do this.

I presume their cut of the profit they gain from is tiered based on % return of investment, would be great if a dev or team member could confirm this?

What happens to profits below 100% what cut will Luxcess take?

Probably there won't be any cut as there is no profit to take a cut from?

It's an interesting question and I am curious how Luxcess will handle this, would be nice if there is a response to this question

Yeah it would be good to get a response from the Luxcess team, I might post the question in their Telegram and find out the answer from one of their moderators.

I think they're a bit more active on telegram compared to BCTTalk!

Oh that's a good idea, I think on telegram they are more responsive since it is an active chat system

Would be nice if you could address that question in telegram, perhaps post here the answer so that other people can find out how it works as well

Thanks

Okay I have asked Luka Lah on Luxess Official Telegram and he has confirmed that there is a 30% fee, on all investments, win or lose.

It makes sense, they're not going to chalk off their fees if you lose money and they still need to cover administration costs, payment fees for moving money and paying traders to manage their positions.

The only thing is 30% is a hell of a lot, even the most prestigious hedge funds in the world do not charge those kinds of fees!!!!

.

I am okay with 30% fee on profit. But when there is loss then 30% fee seems to be very high. There should be some relief in fee in case of loss. But this may be to stop people from withdrawing fund unnecessarily. There are many people who don't give enough chance/time to portfolio/fund manager. Some people withdraw funds as soon as they see loss in the beginning.

Nathan01

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Activity: 728

Merit: 11

DocTailor IEO on Zloadr

I am a medium app user because I enjoy reading a whole lot but can someone tell me why luxcess-group ain't updating and posting on medium? Their last post was days ago and it ain't good for visibility

stil55

sr. member

Activity: 406

Merit: 250

Quote from: Ace44 on February 06, 2018, 04:24:54 PM

Quote from: darasinmi4show on February 06, 2018, 09:09:03 AM

Hello, can someone really invest now has the price is low and high. Pls, what are the cause of all this low and high price. How much can someone really now invest to be on a save side?

You can invest now, the high and low price is caused by the fluctuation of bitcoin price which has drastically reduced, investing is also a personal thing as only you can determine whether to invest or not but to be on a safe side, always invest what you can afford to loose, that's the rule of crypto

Luxcess project is quite promising, with the vision and mission of the team looks its project is very promising and will be a big project, consisting of a professional team i think this project will be successful and attract many investors. Luxcess looks like a good investment opportunity.

phantam

full member

Activity: 546

Merit: 106

Bountyhive.io

Quote from: Ace44 on February 06, 2018, 04:24:54 PM

Quote from: darasinmi4show on February 06, 2018, 09:09:03 AM

Hello, can someone really invest now has the price is low and high. Pls, what are the cause of all this low and high price. How much can someone really now invest to be on a save side?

You can invest now, the high and low price is caused by the fluctuation of bitcoin price which has drastically reduced, investing is also a personal thing as only you can determine whether to invest or not but to be on a safe side, always invest what you can afford to loose, that's the rule of crypto

I plan to invest as normal fiat is fiat still and the projects are still the projects of you think a project is worth investing in then btc price dois ant change that fact people are sad because they bought btc high and it’s now low but that doesn’t somehow make investments in things like luxcess less worthy of investing if u believe in them

rezzx

newbie

Activity: 70

Merit: 0

Quote from: faulerwilli on February 06, 2018, 04:26:35 PM

Quote from: rezzx on February 06, 2018, 02:02:35 PM

Quote from: phantam on February 06, 2018, 01:01:14 PM

Quote from: Gunny95 on February 06, 2018, 12:35:44 PM

Quote from: cryptossi on February 06, 2018, 11:43:31 AM

Quote from: Gunny95 on February 06, 2018, 10:06:21 AM

Quote from: cryptossi on February 06, 2018, 09:48:44 AM

Quote from: ibininja on February 06, 2018, 05:42:27 AM

I was going through the whitepaper and read this:
"If you invest your tokens at the index value 1.00 and it increases to 2.00, you made a 100% yield. In case of withdrawal, the platform automatically deducts PROFIT SHARE (30% of the yield) whereas the rest of the money is transferred to Royal Luxcess Hold"

If I understand correctly any withdrawal is subject to 30% deduction of the profit; if there weren't any profits no deduction would take place?

Yeah but they’re investing on your behalf, they have to make money, all banks/asset managers do it therefore it makes sense that the Luxcess collective investment fund would also do this.

I presume their cut of the profit they gain from is tiered based on % return of investment, would be great if a dev or team member could confirm this?

What happens to profits below 100% what cut will Luxcess take?

Probably there won't be any cut as there is no profit to take a cut from?

It's an interesting question and I am curious how Luxcess will handle this, would be nice if there is a response to this question

Yeah it would be good to get a response from the Luxcess team, I might post the question in their Telegram and find out the answer from one of their moderators.

I think they're a bit more active on telegram compared to BCTTalk!

Oh that's a good idea, I think on telegram they are more responsive since it is an active chat system

Would be nice if you could address that question in telegram, perhaps post here the answer so that other people can find out how it works as well

Thanks

Personally i'd hope the 30% take is actually from profit not from overall amount, if its 30% from profit it would make sense and be very reasonable as far as investment funds go but its definitly something they need to clarify asap to keep investors minds clear and in the right place for investing further funds.

Cryptossi has already asked in their Telegram channel, and the 30% is taken off every investment, also if it loses. So this leads to the obvious question: 30% of what? 30% is alot, but I guess people can live with it if it's taken off their profits. But if it's taken off losing investments aswell, then there are no profits to take 30% off of them. That leads me to believe that 30% fee will be taken off the amount invested. Now if this is the case I think this is way too much and I doubt many people will agree to invest with such fees. Hopefully the team can clarify this for us as soon as possible.

maybe he got some wrong information. what if they lose all my money, do i have to pay then 30%. For example i lose 100$, i have also to pay 30$?
or did i understand something wrong?

Yes this doesn't make alot of sense to me either. We will have to wait for an official clarification. I hope we get a response soon as it is a very importabt issue. If this is really how it's going to be I don't think this is goana work for Luxcess.

faulerwilli

full member

Activity: 994

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