Some highlights of Dr. Keith Harville's first "business plan" wherein he would sell Gold, Silver, Gemstones, Fine Art, etc at LESS THAN HE CAN BUY IT FOR! Bitstone is substituted for Paycoin, which Keith was a huge bagholder of. His asinine "sell for less than can be bought for" plan was nothing but a thinly disguised attempt to pump Paycoin. He even says as much. He never even tried to send one measely coin when someone took him up on his offer. But now Bitstone is totally 100% legit and Keith is somehow transformed? Believe what you want. Hell, send the asshole
BTC (in the form of ScamBones or whatever the fuck this coin is called
- of course) if you want to. I will make sure to laugh. Bitstone looks to be taking what Keith believes to be a good con hook - The ol' "SUPER Discount Bargain You'd be a fucking fool not to buy our discount coupons!" one. There may be a more concise term for that, not sure.
These are commonly used for raffle/ discount coupon types of fraud scams and are broadly known as Matrix types of confidence scams. Substitute raffle tickets or Discount Coupons for Bitstones and this is a classic Matrix scheme.
I see no reason why selling products for less than you can purchase them will fail, that is the way it is always done- right?
He senses the Gaw faithful are ready to be sheared yet again.
You know... until we see if he's jacking his prices up or not... I'm going to give him credit for really believing that he can pull that off. I consult and, when the bitcoin market is in the RIGHT mood, I do give a deduction for bitcoin payment. I've managed to get 5 people into routine bitcoin use that way. So, I count it as a win even if I only break even.
In the Gold/Silver business there is no huge markup to begin with where you can make discounts, and then he is saying he will undercut the
Fair Market Value, which is what you can buy the products for to begin with -
if you buy in large quantities. There is no such thing as "wholesale" in the Gold/Silver business, it costs what it costs. (yes, giant industrial purchases are
slightly less, but that is Millions of dollars in purchases) I have been into Gold & Silver for a very long time (Thanks Hunt Brothers, you helped me buy my first car!) and I can tell you for sure that there simply is no way to do what he is suggesting. It would be easier for him to just send back more XPY than customers pay him and save all the fucking around buying inventory and shipping things. Seriously. This guy has some mental issues, hard to believe he is an actual M.D. . Might have something to do with his drug addiction, of course.
Me personally? I'm giving discounts on consulting.
Him? I think he really does think that the XPY will go up significantly and he's bought into the idea that the future increase will offset his current losses. I'm pretty sure anyone who's offering to sell gold already knows it isn't a retail type of market. Notice that he's not using spot prices? He probably has a local shop that can sell to him at a "FMV"-ish price and going to take a personal hit for 'the interim' until XPY shoots off to the moon.
I think its a bad business decision, but I've looked at some of the online links related to him and he's not going to have Mensa battering down his door any time soon... so, unjustified, idealistic belief in Paycoin is consistent with his past performance.
I think you are missing something regarding Gold/Silver pricing. Fair Market Value is what you can actually buy something for. Small purchases like a single gram of gold or a single ounce of Silver will run you maybe ~20% MAX over spot, and that is if you do not know how to shop around. In today's market you can buy locally for ~5% over spot prices for less than ~1,000ish and more like 2% over spot once you get up above that. Beyond that the discounts to approach actual spot are very gradual as the quantities go up exponentially. What WhoCares is saying is that he is going to sell at less than he can buy his inventory for, unless of course, he plans on saying "Fair Market Value" is WAAY above spot and then give a ~5-10% discount or such, which then he is just full of bullshit and what he is stating is pure lies.
I typically do not post here, but wanted to make it clear. If the Spot Price is $1200/oz for gold - and you see the price on APMEX etc is $1230/oz - you will be able to purchase it for $1170 on my site-- so that beats the Spot price and the FMV price from the major dealers/refiners- If you purchase a 1 ct diamond and the Rap price is $3000 and the FMV is 60% of Rap - then you will pay less than 60% of Rap--
So, continue to say what you will - the only person that looks ridiculous in this situation is you- because you obviously have no idea about Gold/Silver or Gems--
And to prove my point - I will personally invite someone respectable from BCT like OgNasty to check it out and make a purchase (with escrow) to shut you up- although that would probably not work either.
Lastly- You guys spend a bunch of time digging up dirt on people- Why is it that all of you hide behind your Usernames - I will venture a guess but most people already know the answer - because you are a coward
I have been buying and selling Gold and Silver for damned near 40 years now, and one thing I am certain of is that you need to sell it for more than you paid to make a profit. If you are selling for less than spot this is not possible, which is what you are proposing, so good luck with your backwardzo retail logic Dr. Dumbass.
Paul Revere - Like I said- I have nothing to prove to you - I responded to the post, nothing more- but I would be more than willing to educate you - but forgot you hide behind your Username and making that impossible
Whatever. Go take your Oxy's and dream about all the fat stacks of XPY you will be making by buying Gold @ 1200/oz and selling it for $1170/oz. If anybody has doubts about the mental prowess of the remaining suckers in the Paycoin Cult, all you need to do is look at this fine Paycoined specimen. Unfriggenbeeeeleeevabbble.
I stated on the thread that i am not making any money on it - It is to promote Paycoin - There are a hundred honest ways to not lose money on a deal like this -
There are hundreds of ways you could profit by selling something below the price you purchase it at? Please do tell us just one.
I am not here to argue but to show that people may have invested in the idea behind Paycoin - not Josh Garza - everyone assumes here that people with Paycoin worship Josh - that is far from the truth - Which is exactly why the thread states that it will be open to everyone not just HT users.
Is it really far from the truth? Despite the guy being a
proven pathological liar, and outright fraudster, people still lend him credence and believe he is their financial savior.
It is apparent that a lot of people have been burned by Josh to have this much hate - but personally attacking a person because they own Paycoin is making a lot of assumptions. There are some really good people that invested in Paycoin and have lost everything, what is wrong with me attempting to bring the price up and help those people. Honestly, I think Josh speaks before he thinks and has harmed a lot of people along the way. Having said that, what Paul Revere and others do by personally attacking me and others on HT has no place in this thread. I have not scammed anyone and all I can do is continue to do what I can.
People are assuming your business is a scam because you've made it appear like one. Clearly you've never ran a real business otherwise you'd see it.
When the reward from scamming your customers is far greater than the potential earnings from running your business, there is a huge incentive to scam. You have no potential earnings, only guaranteed losses.
Tell us how your business can profit while selling commodities below the rate you buy them for, and you might find someone with more than half a brain cell who is willing to risk sending you money.
I will take you up-- please wait for the site to open - it will have the Spot Prices in real time etc -- then I will be happy to use any reliable escrow you want -- OgNasty comes to mind -- I do not want to create problems and will make sure you get what you order
So , you are going to prove you can give away a Silver Eagle for less than you paid? Aaaaand what exactly does this prove, other than that you are an imbecile?
P.S: Why are you using a screen name other than your real name? Just minutes ago you were going on about how you liked to post your real name and all and everyone else that has the common sense to not do that is somehow lessor than you. Go ahead moron, make these posts with your full name and the M.D. on the end just to make sure people can see how fucking retarded you are when they google you.
Put up or shut up ya fucking chump.
The thing is Paul.... It doesn't matter what title or degree one got, if he/she falls for such obvious fraud and promises, he/she is a retard.
So yes he doesn't have to prove it. He already showed the world how dumb he is.
P.S: Keith Harville: If this Bitstone operation is totally legitimate AND there is an ounce of integrity in your drug addled body, why have you dumped one anonymous online username for another one when you started Bitstone? Shouldn't your username be " Dr. Keith Harville " ? You made a big stink about people not using their real names online , and now you are not, so WTF ? Why? Problem pasting your name to something that is obviously a con?
hahaha nice!
