Topic: [CANCELLED] High Frequency Trading Algorithm ETF IPO (Read 6094 times)

Every ponzi/scam pays out dividends.

Until they stop.

until they pay dividends I really don't care what people call it, lol 

I'm a little disappointed that the company's name is now associated with the near-libelous accusations in this thread on search engines, I knew that was a risk but I thought I was being transparent

lol, yep, you can't judge ev1 equaly, oh my... 

lol, thats funny because the crux of 3 pages worth of "why this fund is a scam" was based on that other person's fund being a scam in the past

Just to report, Im receiving dividends from my JDBIF scam shares  It is paying a bit every day. And I withdraw ASAP. 

Damn straight.

LOL @ being insulted at a poor scam attempt. 

Q. What sort of scammers are these Bitcoiners?
A. Nothing but the best!

I started this thread cautiously interested, I think you (STS) have been actually treated very politely considering how little you have offered.

So far it seems you are trying to rip people off either through massive incompetence or deceit and you are doing such a bad job at it, it is insulting.

His is an outrgiht scam.

He promised 20% dividends per month, stopped paying and vanished once sales dried up.  Then about 5 months later he shows back up says he didn't pay dividends because he was increasing the share's NAV then explains he can't buy back because the share price has fallen.  Or some such bullshit.

Last time I looked the screenshots on his blog showed evidence of nothing - as nowhere was there anything identifying any of them as being related at all to any activity conducted by him.

Rather than worrying about the questions we ask, focus on the answers.  Think to yourself : "What can I do to prove that my business and algorithm are real and make a profit denominated in Bitcoins."  If you address that then nearly all the questions asked so far will be answered.  I emboldened the last part - as proving a small profit in USD is worthless.  Over any significant length of time just holding Bitcoins has made a good profit if expressed in USD - with no counter-party risk.

And to answer your last point - yes, people DO want to invest in this sort of thing.  But they want to know:

a.  That the issuer can actually do it.
b.  That it will outperform just holding Bitcoins.
c.  That the plans of the asset issuer actually make sense.

Yours almost certainly fails on one of b. or c.  With the funds you're asking for there's no way you can use them all on BTC.E - and the only other alternatives you've suggested are USD sites where you're unlikely to outperform just holding BTC (it's NOT totally impossible - just highly unlikely that you can do it AND have to come post on a forum to raise capital).

Also GLBSE had BDT or BDK or w/e that bitdaytrade thing was called. Remember bitdaytrade?

HFT trading on 1hr+ lag MtGox & co, it's happenin'.


No, he's looking for more usagis. Apparently the original one is getting kinda worn at the seams.

Okay I was able to look those two funds up.

Jokerdragon's seems to have been running for a year, the screenshots on the blog sites are interesting because some people wanted to see something similar from this offering.

Exchange.ESIF's thread pretty much has the exact same scrutiny as mine, except all by you.

Which reveals to me a better question to ask: Are you actually looking to buy shares of similarly structured securities at all?

Yeah, Crypto has JDBIF and Bitfunder has Exchange.ESIF, so only fair BTC.CO gets one (a mainly USD denominated fund run by someone with no history in the community, no evidence that they've every made a profit doing anything, no accounts of any sort provided and zero explanation of how their trading will influence unit price to any significant extent compared to the BTC/USD exchange-rate's impact).  Though this one actually seems to have a set price for units (though laughably claims the market will actually set it - as though he actually expects $2.5 million or whatever to be handed to him in a rush allowing him to sell out and remove his price ceiling) - which is more than either of the other two ever managed to date.

Why does it sounds like JDBIF (jokerdragon) on Cryptostocks.... hmmmm


I think the following campaign advertisement will work more effectively for your IPO.

Except there's no harsh questioning of new investments. This thing here is NOT an investment. The toilet bowl is not an investment. It is true that in both the toilet bowl and this thing here you could throw money and then flush. This however does NOT make them investments. Investments are NOT those things in which someone could put money, that's not the criteria.

So, in fact, there's (recently) a lot of telling off of idiots who masquerade doing "investments" while doing no such thing. No amount of pretending will save this, the OP's braindamaged attempt to install himself as an actual investment in the symbolic space by this backhand gimmick works no better than his original direct approach, or any better than his attempt to sound sorta like State Street Corporation (and for that matter the Capital One Corporation noob scammer was probably related in some manner on the strength of the naming mo).

Finally, a lot of failures USED to happen, before MP via me introduced this entirely novel, muchly appropiate and very very effective strategy of calling idiots idiots,  scammers scammers and sending delusional noobs packing to the library. Before we pretend like nothing changed it'd be a good idea to compare numbers and see how in fact they got cut in half since MPOE-PR showed up, roughly speaking.

Fantastic, that makes life a bit easier. What's STS Ltd's CRD# or SEC#?


That's a pretty typical argument, but it does help to show how eager some new users are to get into various parts of the forum..such as lending, auctions, or securities...which 75% of the time speaks volumes to their underlying intentions.


As are most statements.


I'm not sure how this differs from a real-world scenario. Think of this as your "big debut at an Investment Firm" even if it isn't. You're job when coming to us is to give us the full presentation. Show us your charts, your data, your credentials, your financials...all the evidence that we can utilize to make the most informed decision. You're here to give an astounding presentation on just what you (or your company) have created in order to gather investors.

For the sum of money you're looking to raise, this situation is no different than if you stood in front of a Board and gave your presentation on why they should invest in your algorithm.

The more transparent you are, the better off you'll be. There are a lot of smart people here in the Bitcoin community and we've seen more scams (both real and "would be") than we can count...we're used to smelling bullshit more than a mile (or kilometer) away (not saying you fall in this category, just trying to make a point). We're more than inclined to ask the tough questions, and we expect thorough answers.


The more information you provide, the better off you'll be.


Approval by a number of "senior" members doesn't necessarily prevent a scam, but it most certainly helps...and I can say that we've certainly vetted a number of individuals with nefarious intentions, the majority of which are over in the Lending section, but there are a few here in Securities as well. I have no idea how you think senior members are a "bigger threat to bitcoin commerce"...is it because we try not to let new users steal other users money through their carefully crafted words and businesses?



This ^^


This too ^^

So you (correctly) assert that:

1.  There's a significant amount of harsh questioning of new investments,
2.  A lot of scams/failure still happen.

And then, SOMEHOW, reach the conclusion that means there's too MUCH questioning?  Aren't those two points evidence that there's not enough?  So you really believe everyone should just roll over and hand out cash without question?  Or does that only apply to YOUR investment?

Answer #2 is concerning.

Coins NOT on exchanges aren't doing anything.  So either:

A.  A lot of coins aren't used so you're "mitigating risk" by not using most of the capital - which people can do better themselves just by not sending them to you in the first place.

or

B.  Nearly all coins ARE on exchanges and your answer is irrelevant.

The correct answer would have been that you CAN'T mitigate the risk of exchanges you trade on going bust - it's a risk investors have to assess before parting with their coins.  And they can only do that when you give clear information on how much capital you'll be using on eaching exchange (at which point they'd realise that either this is total fantasy or it's mainly USD-denominated being misrepresented as a BTC investment).

I would wait for a better exchange with good volume, stable API, and reasonable fee, no % fee thing, before attempting frequency trading, or wait until IB has it.

There is no "chicken and egg" problem here.  We're not asking for proof that you know how to trade bitcoin markets.  We're asking for proof that you know how to trade _any_ markets, for a starter.  If you truly have a day-trading/HFT background then you would already have proof, maybe in the form of an already profitable ETF trading on a _real_ stock exchange, for example.

As I said in a previous post - it's simple.  Imagine it's me asking you to invest a significant proportion of your free cashflow in me and my trading enterprise.  What proof would you want me to show you, to convince you that a) I won't just run away with your money, and b) that I actually know how to turn a profit trading.

There will always be doubters and haters, so stop engaging.  Instead, answer the reasonable questions.