Topic: [CryptoStocks][Bitcoin Arbitrage Fund]Fund was closed, we bought back all shares - page 2. (Read 18478 times)

Bare in mind that btc-e need ID check for wire transfers and might hold you cash until you provide them one.. also I am waiting on at least cryptostock verification imho thats what holding some of investors down.. 

We think the most imorportant thing in the btc share market is to keep the value of btc instead of being stolen by someone else.

We will do this for shareowners. 

Maybe you are not satisfied with the first dividend.

Given two choices, the one is less dividend, however, your btc is safe;  the other is high dividend at first, when more shareowners come in, the OP run away or release bad news, let the price of shares go down to zero.

What is your choice?

As for the time of arbitration round.

Because of different transferring method, the average time between arb. rounds will vary from 2 days - 15 days.

If we bought btc-e code, this is the fasted way to transfer USD to btc-e.com, however, we can't do it now because the code's additaional profit is more expensive than our expected profit. For example, the code price from RMB to USD is 6.7 now, however, the offical exchage rate from RMB=>USD is 6.12. So the man sold the code may make 9.4% profit, which is higher than our expected profit 5-6%. We can't take it.

So, we have to transfter USD by International Wire Transfer, which will cost us 1% or more. The whole time may be 15 days.

Digging the vibe with you guys so far and not to shabby a dividend payout either btw   How long does an arbitration round typically take?

Thank you. That is a mistake, we forgot to fill the whole sentence completely and we rewrote the announement within 3 minutes.

We bought some shares before, and we lost all investment and went through bad feelings.

So we want to be good OPs and consider more for shareowners.

I think I just shat myself. I first read your if cryptostocks shuts down oneday as Monday and it freaked me out!!

Really dig that you guys will buy back at original cost though, speaks volumes if followed through upon should the unforunate occur. 

*big sigh of relief

After consideration, we don't want to change share market now. The reasons are as following:

(1) There are some scams on CryptStocks, because they don't check projects' possiblity and the OP's experiences.

However, this is why our project was listed on it. We didn't have any remarkable experiences and we still had a chance.

(2) Whether a project is a scam or not, it depends on the OPs of projects instead of share market.

If we can respect all shareowners' rights and don't take any money which doesn't belong to us ,we still can get good reputation on CryptStocks.

So we promised to buy back all shares at price 0.01 BTC if the fund is closed oneday, so that our shareowners would lose nothing.

However, we may make less money than we expected before. It is OK for us, we will get good reputation and we can list other projects with more profits to make money.

Yes, we also noticed this, so thanks to all shareowners.

we will do our best to keep these assets and get more profits.

Thank you for you report, It is fine now. We changed the url link from "https://" to "http://"

Thank you very much.

Wow, seems like someone just gobbled up 2000 shares for 20 BTC.

Your images don't come through because:

We sent our passport twice last week, but we can't receive any information from CrytoStocks.

The fist time is at 11/11/2013


The second time is at 14/11/2013


Now we are waiting for the reponse from CrytoStocks.

Why Verification Level is still none?

Are you take it seriously to get Advanced Verification?

Taking a bit of a gamble on you here and hopping on board for a few shares

Hmm.........

Maybe you are right.

1. There will be the first dividend tomorrow, don't forget "after 7 days".

2. We promised to invest 40 btc or the same value in USD.

3. We expected 10%-13% profit per rount three days ago, however, based on observing results during recently three days,  the profit will reduced to 5-6%.

4. Because of different transferring method, the average time between arb. rounds will vary from 2 days - 15 days.

If we bought btc-e code, this is the fasted way to transfer USD to btc-e.com, however, we can't do it now because the code's additaional profit is more expensive than our expected profit. For example, the code price from RMB to USD is 6.7 now, however, the offical exchage rate from RMB=>USD is 6.12. So the man sold the code may make 9.4% profit, which is larger than our expected profit 5-6%. We can't take it.

So, we have to transfter USD by International Wire Transfer, which will cost us 1% or more. The whole time may be 15 days.

It's very nice that you've had a positive experience thus far. If scams and trainwrecks behaved consistently throughout their operations, they'd never attract their marks in the first place, and you'd never hear much about them.

Consider this:


This stuff, by its nature, seems dandy in the beginning, unless you have the experience and/or relevant knowledge to enable foresight. For this reason, when authoritative figures point out that x venture or y idea is not worth your time, fighting the foresight is the wrong move.


What the "site" is like doesn't particularly matter. The point is that the very premise of encouraging users to create their own securities sufficiently belies a gaping lack of understanding of what securities are, and of how an exchange operates. While they're not necessarily bad things in themselves, customer service, websites, and so forth cannot do anything to change this fact or improve the prospects of the "service".


Hey, my pleasure.

hi

1. Whats the first dividend?

2. Will you reinvest (increase the equity taking part in the arb process)?

3. Whats your projection of the NET(after exchange rate loss, banking fees) profit per Arb. round?

4. Whats the expected average time between arb. rounds?

ty

Cryptostocks has been around for a while. The operator has a long history of his altcoin exchange getting "hacked" and his securities exchange had nothing happening on it because who wants securities demoninated in devcoins, or shares of the Altcoin exchange that was hacked at least twice this year.

Cryptostocks is only finally attracting attention because every similar zoo in their marginally better iterations: GLBSE, Bitfunder, and BTC-TC have died. The only thing that seems to have insulated Cryptostocks from that fate was its nearly complete disuse.

The Vircurex IPO was their one big thing so far. Vircurex is also run by the Cryptostocks guy. That  cryptostocks's one big dance was such a shit show suggests the operator is actually incapable of providing the services he purports to.

No one wants to be scammed or lose their money here but Play Exchange is not a word that comes to mind looking at Havelock or Crypto-Trade.   My reasons for suggesting Crypto-Trade over others is because I have come to have trust and faith in it from the months that I have been using it, and so far there has not been any behavior exhibited by the site that has caused me to panic or be concerned, I cannot say the same of other crypto-coin sites some who will at very short notice and at no consideration to their users will remove coins (panic dump recently ), are changing/removing currency pairs, or even worse they got hacked/corrupted DB/wallets are just a few examples.  This type of behavior has lost many traders money as the site made their holdings disappear, worth less or just plain worthless.

On CryptoTrade I have noticed that the support from the site towards their users has been professional and courteous in chat and AFAIK no one there has lost their BTC, altcoins or FIAT stored there.  Some people have experienced delays longer then stated max of 24 hours when withdrawing their FIAT (they usually vent in chat about it) but from what i can tell its solved in a reasonable amount of time and the integrated messaging system (another feature only found on this exchange!) allows the site to send a private message to site users and keep them apprised.  Users can even message each other.  

Now that the site has expanded to integrate a securities exchange, dividends are added to your existing balance on the site, so I won't need to wait for smallish dividends to accrue so I can withdraw or to mature in my wallet so its not eaten up by tx fees.  Its there on the site ready for my use.

The launch of the securities is not something just happened overnight, it was mentioned over a month ago as something being considered after the closure of those other exchanges, and has now progressed to becoming a reality this week.  It seems to me that alot planning and assessment has gone into it before it was launched,  and so I am more confident about using this site then any of the others.   Any securities that pass the verification satisfactory for their listing can be sure that users of the site will consider investing in them there because of the added security and convenience provided.  

I hope you can take a decent look at the site and point out any concerns or potential problems that are specific to Crypto-Trade, there is always going to be some risk but I think they got it down to minimal and if there existed a ratings system for crypto exchanges/securities they would be in the A's.


Thanks for the link,  I hope more users read it as its very informative and will save them from using high risk sites.