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Topic: BS&T -- Are you staying or leaving? - page 5. (Read 24789 times)

hero member
Activity: 812
Merit: 1001
-
July 05, 2012, 01:28:05 PM
All the people here, "I am making 1% per day", "I am making 5% per day". FFS do you think we are all idiots here? Nobody care who made how many percent per day. The only thing that counts is how much one can make sustainably.

Chances are all these geniuses make 5% one day just to lose 10% another and be completely wiped out on a margin call the third day.

If you can make 10% per year consistently on a decent volume then you should be already in the list of top 100  hedge fund managers in the world and command salary measured in tens of millions dollars per year. Do you want us to believe that we have on this very board such a collection of stars whose reasonable annual salary well surpasses whole damn Bitcoin's market cap. Yea right.

What a kindergarden.


hero member
Activity: 695
Merit: 500
July 05, 2012, 01:04:26 PM
I can do several percent per week on trading at Mt. Gox + some other exchanges, though not very often ...

What does that mean? On average you are not even making 10% a year.

You may have been able to achieve such gains in the beginning, with luck. But now you can't, not on any longer-term average.
legendary
Activity: 826
Merit: 1001
rippleFanatic
July 05, 2012, 12:11:53 PM
You started out with 36k BTC? I don't think you understood R-'s point. Also, how come you weren't hit with huge problem with the Bitcoinca fiasco which should have froze your money in their wallet?

That's 3.6k BTC leveraged 10:1 (5k btc / $30k deposited to account for the tradable balance). Or 7.2k BTC leveraged 5:1 (10k btc / $60k deposited). In mid-feb, before bitcoinica added the swap fee. Nice trade!
R-
full member
Activity: 238
Merit: 100
Pasta
July 05, 2012, 11:55:31 AM
I have no doubt in what my business is and not a single worry about what the future holds.  Those that doubt what I do couldn't scratch the surface of my operation.    
The only scratching taking place is your support investors scratching your sweaty ballsack whenever you ask them to. Seriously though. Seriously.
sr. member
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
July 05, 2012, 11:23:47 AM
@Pirate: Sooner or later you're going to have to disclose your business model to quell the doubters.  Otherwise you're going to be losing more business to people pulling out than you would to other competitors adopting your same strategy.  Or, having 50% of your niche market is better than having 100% of nothing.

I have no doubt in what my business is and not a single worry about what the future holds.  Those that doubt what I do couldn't scratch the surface of my operation.     
newbie
Activity: 38
Merit: 0
July 05, 2012, 11:02:59 AM
So I decided to pitch in with a view based on cold facts and logic. Then half way through writing the wall of text, explaining the various aspects and importance of:
  • Information Security (information is potential power, power is subject to greed, greed is bad etc.)
  • Sensible investing (meaning financial power you can spare without endangering the sustenance of your lifestyle)
  • Risk Management (quite a few concerns here aren't necessarily a risk, they're more the fear(s) of an individual, one should not assess his/her risk based on speculation or the "what ifs")

, I decided (this sentence isn't very fluent) not to waste too much forum space. Those that are a bit sharper will maintain composure and those that aren't...will keep whining struggling.

I do hope that the most "vocal" will be put in their place, for those familiar with MMA;


To the OP's original question; as a "vote of confidence" I've just deposited a "sizeable" amount with pirate's BTCST. Not necessarily because I "trust", but because I am willing and able to do so. If things pan out nicely, I'll be happy. If things go awry, I'll not be so happy...for a few hours, then I'll move on to something else.

S. Omega
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
July 05, 2012, 10:59:12 AM
@Pirate: Sooner or later you're going to have to disclose your business model to quell the doubters.  Otherwise you're going to be losing more business to people pulling out than you would to other competitors adopting your same strategy.  Or, having 50% of your niche market is better than having 100% of nothing.
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
July 05, 2012, 10:55:56 AM
Like this
Like what? You show us the current account of coins you have. What about before you accumulated 30,000? Answer the original question please.

Thank you
I thought that he did answer your question - he used leverage in the early days.

Leveraging what? He didn't have anything in the beginning, why else would he need "investors"?

I think he was referring to Bitcoinica leveraging.

Edit: Nvm, I misinterpreted your post.
legendary
Activity: 1078
Merit: 1003
July 05, 2012, 10:41:55 AM
Like this
Like what? You show us the current account of coins you have. What about before you accumulated 30,000? Answer the original question please.

Thank you
I thought that he did answer your question - he used leverage in the early days.

Leveraging what? He didn't have anything in the beginning, why else would he need "investors"?
donator
Activity: 1617
Merit: 1012
July 05, 2012, 10:32:42 AM
Like this
Like what? You show us the current account of coins you have. What about before you accumulated 30,000? Answer the original question please.

Thank you
I thought that he did answer your question - he used leverage in the early days.
R-
full member
Activity: 238
Merit: 100
Pasta
July 05, 2012, 10:27:35 AM
Like this
Like what? You show us the current account of coins you have. What about before you accumulated 30,000? Answer the original question please.

Thank you
donator
Activity: 266
Merit: 252
I'm actually a pineapple
July 05, 2012, 10:18:41 AM
Approaches to business can change over time Smiley

That's the best you can think off as a response to this huge huge discrepancy in pirate's story?  Roll Eyes

Huge discrepancy meaning that he changed how he does what he does over time? Yeah, that's a huge red flag. Nokia is a massive Ponzi scheme.
legendary
Activity: 1078
Merit: 1003
July 05, 2012, 10:17:19 AM
Well, after some of the clues pirate posted, having big influence at Mt.Gox or some other large exchange, he might be doing Front running which is extremely profitable. ...

Front-running that continuously yields several percent per week? Front-running with the help of Mt.Gox? Come on ...

If anybody could do some front-running, then that would be Mt.Gox themselves. But even they would not make several percent per week while staying inconspicuous.

I can do several percent per week on trading at Mt. Gox + some other exchanges, though not very often and not on such scale as pirate does with his business (whatever it is). And yes I think he might have his stakes in Mt. Gox or in some other big exchange.

It doesn't make sense. How was he able to manipulate the market rates at the beginning, before he found investors? He offered 7% right from the get-go. Gox volume per day is 45,680 bitcoins roughly. Pirate did not have anywhere close to that amount invested in his Pirate-Pussy-Fund.

Like this





You started out with 36k BTC? I don't think you understood R-'s point. Also, how come you weren't hit with huge problem with the Bitcoinca fiasco which should have froze your money in their wallet?
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
July 05, 2012, 10:14:04 AM
Well, after some of the clues pirate posted, having big influence at Mt.Gox or some other large exchange, he might be doing Front running which is extremely profitable. ...

Front-running that continuously yields several percent per week? Front-running with the help of Mt.Gox? Come on ...

If anybody could do some front-running, then that would be Mt.Gox themselves. But even they would not make several percent per week while staying inconspicuous.

I can do several percent per week on trading at Mt. Gox + some other exchanges, though not very often and not on such scale as pirate does with his business (whatever it is). And yes I think he might have his stakes in Mt. Gox or in some other big exchange.

It doesn't make sense. How was he able to manipulate the market rates at the beginning, before he found investors? He offered 7% right from the get-go. Gox volume per day is 45,680 bitcoins roughly. Pirate did not have anywhere close to that amount invested in his Pirate-Pussy-Fund.

Like this





O.o
sr. member
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
July 05, 2012, 09:50:33 AM
Well, after some of the clues pirate posted, having big influence at Mt.Gox or some other large exchange, he might be doing Front running which is extremely profitable. ...

Front-running that continuously yields several percent per week? Front-running with the help of Mt.Gox? Come on ...

If anybody could do some front-running, then that would be Mt.Gox themselves. But even they would not make several percent per week while staying inconspicuous.

I can do several percent per week on trading at Mt. Gox + some other exchanges, though not very often and not on such scale as pirate does with his business (whatever it is). And yes I think he might have his stakes in Mt. Gox or in some other big exchange.

It doesn't make sense. How was he able to manipulate the market rates at the beginning, before he found investors? He offered 7% right from the get-go. Gox volume per day is 45,680 bitcoins roughly. Pirate did not have anywhere close to that amount invested in his Pirate-Pussy-Fund.

Like this



legendary
Activity: 1078
Merit: 1003
July 05, 2012, 09:41:54 AM
Approaches to business can change over time Smiley

That's the best you can think off as a response to this huge huge discrepancy in pirate's story?  Roll Eyes
donator
Activity: 266
Merit: 252
I'm actually a pineapple
July 05, 2012, 09:34:25 AM
Well, after some of the clues pirate posted, having big influence at Mt.Gox or some other large exchange, he might be doing Front running which is extremely profitable. ...

Front-running that continuously yields several percent per week? Front-running with the help of Mt.Gox? Come on ...

If anybody could do some front-running, then that would be Mt.Gox themselves. But even they would not make several percent per week while staying inconspicuous.

I can do several percent per week on trading at Mt. Gox + some other exchanges, though not very often and not on such scale as pirate does with his business (whatever it is). And yes I think he might have his stakes in Mt. Gox or in some other big exchange.

It doesn't make sense. How was he able to manipulate the market rates at the beginning, before he found investors? He offered 7% right from the get-go. Gox volume per day is 45,680 bitcoins roughly. Pirate did not have anywhere close to that amount invested in his Pirate-Pussy-Fund.

Approaches to business can change over time Smiley
R-
full member
Activity: 238
Merit: 100
Pasta
July 05, 2012, 08:32:33 AM
Well, after some of the clues pirate posted, having big influence at Mt.Gox or some other large exchange, he might be doing Front running which is extremely profitable. ...

Front-running that continuously yields several percent per week? Front-running with the help of Mt.Gox? Come on ...

If anybody could do some front-running, then that would be Mt.Gox themselves. But even they would not make several percent per week while staying inconspicuous.

I can do several percent per week on trading at Mt. Gox + some other exchanges, though not very often and not on such scale as pirate does with his business (whatever it is). And yes I think he might have his stakes in Mt. Gox or in some other big exchange.

It doesn't make sense. How was he able to manipulate the market rates at the beginning, before he found investors? He offered 7% right from the get-go. Gox volume per day is 45,680 bitcoins roughly. Pirate did not have anywhere close to that amount invested in his Pirate-Pussy-Fund.
sr. member
Activity: 350
Merit: 257
Trust No One
July 05, 2012, 08:16:57 AM
Well, after some of the clues pirate posted, having big influence at Mt.Gox or some other large exchange, he might be doing Front running which is extremely profitable. ...

Front-running that continuously yields several percent per week? Front-running with the help of Mt.Gox? Come on ...

If anybody could do some front-running, then that would be Mt.Gox themselves. But even they would not make several percent per week while staying inconspicuous.

I can do several percent per week on trading at Mt. Gox + some other exchanges, though not very often and not on such scale as pirate does with his business (whatever it is). And yes I think he might have his stakes in Mt. Gox or in some other big exchange.
sr. member
Activity: 350
Merit: 257
Trust No One
July 05, 2012, 08:10:19 AM
Well, after some of the clues pirate posted, having big influence at Mt.Gox or some other large exchange, he might be doing Front running which is extremely profitable.

Well, trace the coins from deposit addresses to MtGox and/or other exchanges then, if you can. Wink

Someone already did  Wink
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