Topic: El Salvador venture investment opportunity!!! (Read 202 times)

No, it's not. I imagine that when you talk about drawing up a contract, you mean that it will be as it should be. Not a piece of paper/ spread-work sheet where you write the "terms" and put "your" signature, but it will be checked and stamped/ notarized by a lawyer. Indeed it's difficult for someone to pursue you legally because the amounts are small and from different countries/ regions, but if they want to, they can with a proper contract. And believe me, they will find you and you will face the consequences regardless of the country and origin of the money. El Salvador may be a tempting destination for crypto businesses, but it certainly isn't for its prisons...

Please PM me with your private contact info so I can add you to the list of interested people. I'll need an email, or phone #, or Signal/Telegram/WhatsApp handle.

Also, I'm a bit disconserted that so many people want to see a contract when it's really nothing more than legal virtue signalling. How much are you likely to drag any of it to court across different countries?

I'm really only planning to draw up a contract because so many people are asking for it. But it's really meaningless.

Verified using Electrum.

I'm intrigued by this offer.  I was skeptical at first, but I would be interested in seeing the contract before committing to invest.  Also, if a legitimate El Salvadorian business entity is established and you show some movement in the early stages, that might convince me to participate.

Best of luck, nevertheless.

You need to understand that trading p2p and turning a profit is not nearly as easy as people think.

First, you have to respond right away. When someone opens a trade with you, they cancel within a few minutes if you don't respond. Meaning you have to stop whatever you are doing (driving, eating, sleeping, showering) to tend to the trade.

If the guy is buying $200 and you get a 5% profit while you are driving somewhere, you have to stop your car on the road side and do the trade for what usually lasts an hour. My automation software solves that. I would wake up in the morning while a few trades were completed at night.

And by far, the biggest problem is banks. They cause a great deal of problems. It's simply impossible for anyone around here in Canada to open a business account for a bitcoin business. Yes, the banks will gladly sell you a BTC ETF, but they keep both your fiat and your purchased coin. But anyone outside the bank selling actual BTC is treated by banks and frauds/money laundering/scams.

Yes, some guys sell at lower markup than 6%. And you can find them here:
https://hodlhodl.com/offers/buy?filters%5Bcurrency_code%5D=CAD&filters%5Bpayment_method_type%5D=Online+payment+system&pagination%5Boffset%5D=0

But they are inexperienced, they will likely accept a fraud fiat payment, the banks will blame it on him, and he will get kicked out of this bank account. I get tons of new traders all the time contacting me and asking me how to deal with fraud bank transfers.

Edit reason: spullin'

I should also say I expect to sell way more than $100k/month.

When I first tried selling with Wise payments, I got was picking up new buyers every day. And after 5 weeks, I was already selling over $50k/week.
I wanted to say that within a year, I will likely sell over $1million/month. But that sounded a bit too scammy so I dialed it down to $100k/month which I could easily do here in Canada if banks let me.

I also intend to put a hard cap at around $500k/month and increase mark up to slow demand if I get over $500k/month. Reason being, too much incoming fiat might raise banks red flags.

Address is:
bc1q5h7mvald3u3w3cre5h00kakhhqhrsx2krqwv8a

Message is:
BitcoinTalk

Signature is:
IDRCopnz6Axp5Xja56OjoVCP02C/MsyQFLsxrvUxD5UTSXI0TE2K9ZDRDon7rbXIDzo2xQUlmxsRGCHfHOMX4Hk=

Honestly, I think whatever contract I draw up and you sign will likely be more of a meangless ritual. With any investment, there is a risk. And I don't see how anyone can sign away that risk. Especially when considering we likely will be in separate legal jurisdictions.


Last time I checked (a couple of years ago) Bisk was full of people looking to buy, and nobody really offering to sell. You get the odd seller from time to time, and he gets sold almost right away. There was no reliable repeat seller.
And Bisq is a great concept, but rather technical for most buyers. And I also found Bisq would be hard for me to automate, but not impossible.


Sorry for the error. I didn't catch that in edit when I changed my numbers. I also believe the business will sell far more than $100k/month. I expect to easily sell over $300k/month after a few months running.


There is no doubt the business would be profitable. It would be very profitable here in Canada if I could just get around the many hurdles banks keep putting up.
I'll look to sign a message today. It will just say "BitcoinTalk"

That sounds reasonable, but I'd like to see that contract.


Bisq is full of offers much cheaper than that.  I don't know about those other sites you're talking about because I don't use them, but that doesn't strike me as very cheap and unlikely to be the cheapest available.


1% of 36,000 is 360, not 700.


Looks like some impressive cashflow through those addresses.  I'm looking forward to seeing a signature.

I'm not asking anyone to send any coin now. I'm only looking for people willing to commit at a later time. Once I get to El Salvador, create the company, website, and the legal stuff, a contract will be written by a law firm and send to investors. They sign and send the coin they invest at that time.

Albeit, I have to recognize a contract drawn across different countries might not offer a whole lot of protection for anyone. But if you have a better idea, I'm open for it.


A guaranty? Anyone who offers you a safe and profitable guarantied investment is likely scamming you. There is a risk to any investment like this.


I intend to sell at a 6% markup. Which is lower than most other traders on p2p exchanges.

Say I sell $100,000 per month. And say half of that 6% mark up goes to expenses, fees, and a meager wage I will give myself for $700/week. That gives us 3% profit for $100,000 per month, or $36,000/year of company profit.

Say you invest $1500 of coin. And at the time you invest it, the spot price is at $70,000 USD. That means you are investing 0.02142857 BTC.

That would entitle you to 1% of the company profit, or $700 per year. And this keep repeating every year until you want your 0.02142857 BTC back, or I buy you out and send you your 0.02142857 BTC back.


I already gave you links to my profiles on LocalCoinSwap and HodlHodl. I can leave a message of your choice on those profiles to prove I own them.

I can also provide you with my wallet address where all the coin goes in and out:

HodlHodl wallet:
mempool.space/address/bc1q5h7mvald3u3w3cre5h00kakhhqhrsx2krqwv8a

LocalCoinSwap wallet:
https://mempool.space/address/3LYHBygy2oAfkLur6Y4eTTXtnNh7ENzzg3

As for providing signatures, that is something I never had to do in the past. But I assume if I control the addresses above, I should be able to do that. Let me figure out how to sign things and I'll provide it in my next post.

Awesome!  Best of luck!  Oh wait, I forgot I'm reading this in the loan section.  There must be more?



Of course you do.  A major setback happened, and now you need money from strangers.



You mean the venture you've yet to establish?  What kind of guarantees do you offer to those who would like to "invest?"



1% of what, exactly?  You haven't provided any details.  So let's break that down; the math says 1% of a business that earns $20k per year in profit means I'll get $200 per year...  That's 8 years before I get my ROI...

To yearn $20k in profit on selling bitcoin you would have to sell at least $400k worth of bitcoin (5.8BTC at today's value) at 5% markup.  Seeing as how you repeatedly claim you're selling at the lowest prices, I imagine you're selling below 5% markup, so you must be selling even more than that.

Let's see some signatures from an address (or addresses) showing you've gone through 5.8BTC or more in a year's worth of time.  Let's see some proof that support your claims.

There is no need for you to explain to anyone what you spent your money on - anyway, we cannot verify that what you would write is true or fiction. According to online data, you can earn that amount in one year, and if you do some additional work then even before - that way you won't have to have partners and everything you earn will stay with you, so you will live like a king in El Salvador.

I'd rather not get into the personal matter that caused me to have to spend away a large chunk of my stash.

Suffice to say, I no longer have enough to finance the whole thing. I would need an additional 50-70k.

---

Do you mean the cost of living in Canada versus El Salvador?

Especially considering the prices in Canada and El Sal.
Alas, I wish OP all the best if his intentions are righteous.

A nice story that is very similar to many others that I have read over the years on the forum - and all these stories have in common that there is an idea, but you lack the money to realize it. An ordinary person would go to the bank and ask for a loan, or would ask someone from their family and friends, which in any case is much better than asking for money from complete strangers.

What is strange to me in the whole story is that you sold everything you had and that you didn't have enough left to start a business in El Salvador, regardless of the fact that you had to spend some of it for some personal things. Either you have really gained little in your life, or you got divorced and your wife took most of your property - either way, I think you will not profit from this attempt.

It's like we are at the crossroads for something big, however, yeah, it's a hit-or-miss investment, in my opinion.
However, if a person is credible and in high regard on the platforms mentioned - why not?

I am pleased that Bitcoiners are considering moving to El Salvador to take advantage of the friendly policies the government has implemented. With the low rate of crime, the country is attracting more businesses.

People will be willing to invest in a well-established business and not one that is seeking funds to start up. How will one consider buying or trading Bitcoin from a third party when one can buy or trade directly? Is there any sure strategy that can predict the lowest price of Bitcoin at a given time? The price of Bitcoin is highly unpredictable. How do you guarantee that the business will be profitable? Legal documents or agreements are not a strong protection against scams. Do you have other means of proving to investors that this is not another scam project?

I advise you to get a loan from Canada or El Salvador and use it to start the business. Alternatively, you could seek partners who might be interested because this kind of business proposal will require physical interaction with investors.

Hi guys.

I have been trading Bitcoin on various p2p sites for the last 6 years.

HodlHodl profile:
https://hodlhodl.com/users/PepeLapiu

LocalCoinSwap profile:
https://localcoinswap.com/profile/PepeLapiu

LocalBitcoins profile:
https://localbitcoins.com/accounts/profile/PepeLapiu

I wrote a script to automate my trades. So that my buyers can buy from me at anytime of the day or night, at some of the lowest prices on p2p sites.

I would wake up in the morning with trades completed during the night. My offers were very popular with buyers, especially on HodlHodl.

But as you guys likely know, banks are not friendly to bitcoin businesses. So I have had to operate my trading out of personal bank accounts as not a single bank has been willing to allow me a business account for a bitcoin business.

So I have had a really hard time doing business in Canada. I'm at the point where I need to now move to El Salvador to keep going.

Once in El Salvador, a payment processor company will be created, something similar to Apaylo or Payper here in Canada. A company that accepts payments on behalf of people and businesses unable to accept bank payments.

So people across 30 different countries and 9 different fiat currencies will be able to buy bitcoin from me, without KYC. And instead of sending a payment to a bitcoin business (which banks will likely screw with) they will be sending payments to this payment processor business.

This is what I have been planning to do for the last 3 years as bank problems only keep getting worst here in Canada. So I sold everything I own in Canada, converted everything to bitcoin, and I'm ready to leave to El Salvador with passport in hand.

But I need more funds, due to a major set back in my personal life which forced me to liquidate most of my funds.

And so I would like to offer you the opportunity to invest in my little venture. So I'll be offering shares of the little El Salvador venture.

Each share of $1500 USD will earn you 1% of the company profit, as dividend. To by paid once a year.

Once I have founded the company, built a website for it, and opened some bank accounts in El Salvador, a law firm will write up a contract. Which will be sent to each investor to read and sign before you send your coin to invest.

And those of you who buy at least 3 shares (or $4500 in BTC) will also be able to buy coin from the company at cost, at the lowest price I price I can find.

If interested, you don't have to send any bitcoin now. Only after I have founded the company, and mailed you a contract to sign. If interested, I only require that to commit to invest later on.

If you invest, expect the first year to be the least lucrative one. Very few businesses are profitable in the first year.

You will be able to withdraw your bitcoin any time you want, albeit you'll be cut out of subsequent profits. And I require that you wait at least one year before requesting to pull out.

I may also decide to buy you out and sent your coin back. But should I decide to do so, I promise not to buy anyone out for at least 5 years.

Help push bitcoin forward. Put your coin to work. Be part of something exciting in El Salvador!!!

To invest, or for concerns or questions, don't hesitate to reply here, or contact me directly,:

- Signal: PepeLapiu.01
- Telegram: Pepe_Lapiu
- SMS: 780-686-7550
- WhatsApp: 780-686-7550
- Email: PepeHodler(at)gmail(dot)com

Guy Cotnoir (aka PepeLapiu)

Edit: it should be said that the original investment is denominated in USD, but all the rest is in BTC.
For example, if you decide you want to invest with one slot at $1500, if at the time you send in the $1500 of BTC the price is $75,000usd than you send 0.02 BTC
And you get 1% of the profit every year, until I have you decide to cash out, or I buy you back with 0.02 BTC.