bitcoin-trader.biz - page 67. | Bitcointalksearch.org

demme

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Quote from: crazyivan on July 02, 2014, 02:24:03 PM

I have been using them for about 4 months, for your information.

Ok??? And looking at your post above that makes no sense

If you buy xxx shares for xxx dollars you get same amount of dollar in return when they expire

No matter if you buy them with bitcoins or any other payment method

So I'm wondering why you would say what you did in the post above.

crazyivan

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I have been using them for about 4 months, for your information.

demme

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Quote from: crazyivan on July 02, 2014, 03:47:31 AM

Very simple, if you buy shares with BTC and BTC price goes up significantly before your shares mature, you might be worse off regardless of interest you get from Bitcoin trader. On the other hand, if the price goes down after you purchase shares, you might make more money.

Have you even tried this service yourself or are you just assuming this is the way it works? For you lazy guys I filed a support ticked today and here is the answer:

dyask

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Quote from: hypersire on July 02, 2014, 04:41:08 AM

Quote from: dyask on July 02, 2014, 03:50:01 AM

Quote from: crazyivan on July 02, 2014, 03:47:31 AM

Very simple, if you buy shares with BTC and BTC price goes up significantly before your shares mature, you might be worse off regardless of interest you get from Bitcoin trader. On the other hand, if the price goes down after you purchase shares, you might make more money.

Which is exactly why the 120 day lock-in is a huge issue that I personally don't want to deal with.

Yeah, you should stick with BTC-Arbs. They let you pull your money out at anytime - it's much safer that way Grin

Well I did get my deposit out of BTC-Arbs. You are right though, it didn't work out so well.

demme

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Quote from: crazyivan on July 02, 2014, 03:47:31 AM

Very simple, if you buy shares with BTC and BTC price goes up significantly before your shares mature, you might be worse off regardless of interest you get from Bitcoin trader. On the other hand, if the price goes down after you purchase shares, you might make more money.

Well, there is another option if you believe that is the case, which I did on my first 2 runs.

I deposited 1 bitcoin, and then I used the currency converter, converted the bitcoin to OKPay cash balance. I then moved my money from OKpay cash balance to OKpay e-wallet and bought shares.

And after my first shares expired I had the EXACT same balance as before I bought shares in my OKpay e-wallet, which I then moved to OKpay cash balance.

How ever, there is a fee of 2% when converting bitcoin balance to OKPay.

That said, Im on my 3rd run now and I have bought my shares with bitcoins for a value of $2000, but when they expire I am sure that I will have $2000 in my e-wallet and when I withdraw them to my bitcoin adress, they calculate from bitstamp ticker how much I'm getting in btc.

hypersire

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Quote from: dyask on July 02, 2014, 03:50:01 AM

Quote from: crazyivan on July 02, 2014, 03:47:31 AM

Very simple, if you buy shares with BTC and BTC price goes up significantly before your shares mature, you might be worse off regardless of interest you get from Bitcoin trader. On the other hand, if the price goes down after you purchase shares, you might make more money.

Which is exactly why the 120 day lock-in is a huge issue that I personally don't want to deal with.

Yeah, you should stick with BTC-Arbs. They let you pull your money out at anytime - it's much safer that way Grin

dyask

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Activity: 854

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Quote from: crazyivan on July 02, 2014, 03:47:31 AM

Very simple, if you buy shares with BTC and BTC price goes up significantly before your shares mature, you might be worse off regardless of interest you get from Bitcoin trader. On the other hand, if the price goes down after you purchase shares, you might make more money.

Which is exactly why the 120 day lock-in is a huge issue that I personally don't want to deal with.

crazyivan

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Very simple, if you buy shares with BTC and BTC price goes up significantly before your shares mature, you might be worse off regardless of interest you get from Bitcoin trader. On the other hand, if the price goes down after you purchase shares, you might make more money.

demme

member

Activity: 91

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Quote from: nwfella on July 01, 2014, 09:54:26 PM

Thought I would go ahead and chime in with my beta-run result's thus far on the single $20 trading share that I purchased.

$20 trading share purchased on: 04/04/2014
trading share active until : 08/02/2014
Trade earnings thus far : $10.98 (or ~54.9% of original investment)

Bottom line...service doesn't seem to be nearly as beneficial as a simple buy and hold strategy would've been. Of course, I could be singing a different tune if bitcoin tanks significantly before my Aug. 2 termination date.

Could you please clarify last part?

From what I know: On aug2 when your trading share expires, you will get $20 back and it will be $20 no matter what value bitcoin has. You can then withdraw $20 or re-invest $20 again.

nwfella

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Well hello there!

Thought I would go ahead and chime in with my beta-run result's thus far on the single $20 trading share that I purchased.

$20 trading share purchased on: 04/04/2014
trading share active until : 08/02/2014
Trade earnings thus far : $10.98 (or ~54.9% of original investment)

Bottom line...service doesn't seem to be nearly as beneficial as a simple buy and hold strategy would've been. Of course, I could be singing a different tune if bitcoin tanks significantly before my Aug. 2 termination date.

Illutian

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...The Shadow knows.

Quote from: ?? on ??

Quote from: Illutian on July 01, 2014, 01:08:45 PM

Finmutual collapsed?

Checking MNO Blog would help you keep up to date.

Didn't even know that existed :O

Edit: I usually check out Crypto Hedge on the weekends
Edit #2: Would be great if I had taken a screenshot of Younce's post...I don't recall if FinMutual was listed in 'his' sig as a trustworthy HYIP or not. And I really dislike throwing out accusations.

Illutian

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...The Shadow knows.

Finmutual collapsed?

crazyivan

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Quote from: hypersire on July 01, 2014, 10:57:35 AM

Quote from: crazyivan on July 01, 2014, 10:49:51 AM

Quote from: pleiotropik on July 01, 2014, 09:21:23 AM

Bought a total of 20 shares out of which 7 have expired.
There's 13 active shares as of now
Cashed out $392.22
Break even in USD will occur this week
After that it'll be net +

Measured in btc i broke even further back since my cashouts happened at an average of $450/btc and my average when initially converted to USD was $635/btc

Another believer??? Get ready to get bashed by tons of trolls.

Yeah, no point in posting about your withdrawals here - you'll just be attacked by ponzi-calling trolls and shills for other crap HYIPs. Notice how Yonce doesn't come around anymore? Maybe it's because the ponzi called "Finmutual" that he was trying to steer everyone into already collapsed LOL

I noticed Bitcoin Trader just increased the hash rate for the mining contracts from 10 to 12GHS. I still wouldn't recommend these over the trading contracts, but it certainly nice for those who still have mining contracts that they purchased earlier.

Yonce s not here cause he was Finmutual admin. Now when his "recommended site" collapsed, he s decided to hide. Considering what happened to BTC-arbs admin, smart decision.

hypersire

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Quote from: crazyivan on July 01, 2014, 10:49:51 AM

Quote from: pleiotropik on July 01, 2014, 09:21:23 AM

Bought a total of 20 shares out of which 7 have expired.
There's 13 active shares as of now
Cashed out $392.22
Break even in USD will occur this week
After that it'll be net +

Measured in btc i broke even further back since my cashouts happened at an average of $450/btc and my average when initially converted to USD was $635/btc

Another believer??? Get ready to get bashed by tons of trolls.

Yeah, no point in posting about your withdrawals here - you'll just be attacked by ponzi-calling trolls and shills for other crap HYIPs. Notice how Yonce doesn't come around anymore? Maybe it's because the ponzi called "Finmutual" that he was trying to steer everyone into already collapsed LOL

I noticed Bitcoin Trader just increased the hash rate for the mining contracts from 10 to 12GHS. I still wouldn't recommend these over the trading contracts, but it certainly nice for those who still have mining contracts that they purchased earlier.

crazyivan

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Quote from: pleiotropik on July 01, 2014, 09:21:23 AM

Bought a total of 20 shares out of which 7 have expired.
There's 13 active shares as of now
Cashed out $392.22
Break even in USD will occur this week
After that it'll be net +

Measured in btc i broke even further back since my cashouts happened at an average of $450/btc and my average when initially converted to USD was $635/btc

Another believer??? Get ready to get bashed by tons of trolls.

pleiotropik

full member

Activity: 144

Merit: 100

Bought a total of 20 shares out of which 7 have expired.
There's 13 active shares as of now
Cashed out $392.22
Break even in USD will occur this week
After that it'll be net +

Measured in btc i broke even further back since my cashouts happened at an average of $450/btc and my average when initially converted to USD was $635/btc

cacahouette

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Activity: 45

Merit: 0

Quote from: Grinder on July 01, 2014, 07:25:27 AM

Quote from: cacahouette on July 01, 2014, 06:48:36 AM

The 500 i reinvested may be lost however those are "reinvested earnings" so if i lose them that's in the category "lost opportunity", not "lost capital". You may disagree on the last point however it does not change anything on the amount of "hard cash" which i extracted. I agree that if i had not reinvested them i could be at a 20% profit now instead of 13% loss.

Lost opportunity would be if you didn't reinvest, and it wasn't a scam. Lost capital is lost capital, no matter how many times you withdraw and reinvest. It's just silly to say that if you invest $1000, withdraw it all, then reinvest it and loose, you break even.

Hi Grinder,

sorry but you did not understand. As of today i did not lose any capital. If you follow my previous post, i took 1.5k from my bank account and put them on bitcoin-trader. As of today I have received back 1.5k. So it does not matter what i did meanwhile. 1.5k in = 1.5k out therefore i am breakeven

hope this is clear enough!

Grinder

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Quote from: cacahouette on July 01, 2014, 06:48:36 AM

The 500 i reinvested may be lost however those are "reinvested earnings" so if i lose them that's in the category "lost opportunity", not "lost capital". You may disagree on the last point however it does not change anything on the amount of "hard cash" which i extracted. I agree that if i had not reinvested them i could be at a 20% profit now instead of 13% loss.

Lost opportunity would be if you didn't reinvest, and it wasn't a scam. Lost capital is lost capital, no matter how many times you withdraw and reinvest. It's just silly to say that if you invest $1000, withdraw it all, then reinvest it and loose, you break even.

cacahouette

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hi nrd525,

that's not how you compute breakeven. I have put 1.5k of "initial capital" in a black box and extracted out 1.3k out. So I recovered 87% of my initial capital no matter what happens. If other words if they bankrupt tomorrow then i will have recovered 87cts on the dollar. That's what i call being close to breakeven (neither profit nor loss).

The 500 i reinvested may be lost however those are "reinvested earnings" so if i lose them that's in the category "lost opportunity", not "lost capital". You may disagree on the last point however it does not change anything on the amount of "hard cash" which i extracted. I agree that if i had not reinvested them i could be at a 20% profit now instead of 13% loss.

And of course this is all in the worst case scenario. If i get it all back (my shares expire in july) and i no longer reinvest anything then overall i could be up to 100% overall.

hope this helps. Again i am not advertising for them, just giving the example of my own experience.

PS: actually some shares just expired today and i redeemed an extra 200, so over all i am completely flat (1.5 in and 1.5 out) therefore any amount left in bitcoin-trader is a pure "option".

dyask

hero member

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Quote from: nrd525 on July 01, 2014, 02:06:41 AM

Quote from: cacahouette on June 30, 2014, 11:22:08 PM

I made a withdrawal request on saturday and got it processed on monday in due time (within 1 business day). So far nothing to complain about. I have put 1.5k with them a couple of months ago and so far got 1.3k out and 500 "reinvested" so pretty close to breakeven.

Losing $700 or 45% of your original investment is close to breaking even?

$500 lost from reinvesting + $200 from original investment minus payments = $700 lost.

You computation assumes the payments have stopped. He might have $700 yet to go, but that doesn't mean it is "lost".

However I also don't think you read it correctly. Sounds like he now has $2k invested and has keep $800 back. So he has $1200 to go until he breaks even. Probably before that the $1.5k will be complete and he should get that back in about 60 days.

Topic: bitcoin-trader.biz - page 67. (Read 203914 times)