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Topic: Exaggerating portfolio returns (Read 318 times)

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
October 22, 2019, 09:58:51 AM
#31
Why to put any numbers in the CV at the first place? Why to not describe yourself as successful crypto trader, what you are, that can make high profits in the right circumstances. 130% is not much for someone who trade with couple hundred dollars, but people who are trading with millions 130% is huge! So don`t put any numbers, don`t give any false promises, say the truth about who you are and what you can do, but don`t put any big promises, high numbers, I think that has a negative effects in the most cases.
This is an interesting point, many think that in order to attract investors you need to give huge numbers, but most investors are risk adverse and if they see that you are making huge profits they will most likely think that you are incurring huge risks and in a way they are right, after all this market is very volatile and many are not willing to invest in it precisely because of this reason, it is way better if you want to attract investors to be able to generate consistent profits.
legendary
Activity: 2506
Merit: 1394
October 21, 2019, 12:44:02 AM
#30
Depending on the type of job you are looking, you didn't specify here but I suggest you tell the truth, (...)
I also thinking about this. If he/she can't say the truth why he/she still include it on the Curriculum Vitae(CV). It's useless and probably will lead to worst case once the employer will found out about that.
The best thing to do is don't add the things that not matter in job applying for, just what other said above.
full member
Activity: 1736
Merit: 121
October 20, 2019, 04:48:48 PM
#29
Falsifying outcome of result or data isn't good thing. It is wrong and capable of making the other party to make a wrong decision based on the data or report relied upon.
hero member
Activity: 2926
Merit: 640
October 20, 2019, 02:24:13 PM
#28
What will be, there is no point lying about your portfolio when you can just actually tell the truth and let who will believe you believe you. One of the problem that we are still finding today in the cryptocurrency market concerning exchange is that they fake their volume a lot, and we have seen how it eventually backfires for them in future, and this is exactly the part that you are trying to take also.

I will advise that you just be transparent about your deal man, there is no point adding figure, if you are good, continue trading in the right part to really show yourself approved to the world. Do not jump above your shadow, that percentage increase that you are looking for will, eventually come as you proceed in the trading that you are doing.
legendary
Activity: 3332
Merit: 1191
October 18, 2019, 02:24:42 PM
#27
Why to put any numbers in the CV at the first place? Why to not describe yourself as successful crypto trader, what you are, that can make high profits in the right circumstances. 130% is not much for someone who trade with couple hundred dollars, but people who are trading with millions 130% is huge! So don`t put any numbers, don`t give any false promises, say the truth about who you are and what you can do, but don`t put any big promises, high numbers, I think that has a negative effects in the most cases.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
October 18, 2019, 12:19:21 AM
#26
Depending on the type of job you are looking, you didn't specify here but I suggest you tell the truth, why would you like when you already have a profitable record and that is something to be proud of, if you achieve it not by luck alone, you can surely repeat that success and even hit a higher return of profit.
sr. member
Activity: 1330
Merit: 326
October 18, 2019, 12:15:11 AM
#25
Look, dude. Do not lie. What's wrong telling them that you are a crypto trader? And 130% returns for three months is not that exagerrated. You can always say t the employer that trading is not 100% successful and that your high returns is not always like that. However, do not just create presumptions, yet. Not all employers will require you to give them some profs. They will just slightly interview and gonna ask you few questions about it.

And let me tell you that not all employers know about crypto trading. So go on and just tell the truth.
hero member
Activity: 2968
Merit: 687
October 17, 2019, 05:32:30 PM
#24
It could work to your advantage, but personally I wouldn't go that route, you just don't know maybe it will haunt you one day. I had a bad experience in my past lives about not telling the truth to my employer. So one day they found out that I was lying so it's the end of the road for me.

Moral lesson here: Be truthful not just to your employer but to everyone around you.
It would really be an advantage if he would able to pass through without even caught but its a gamble because one caught then it would
entirely mess up his reputation and would leave negative impression and remarks into his own name or unluckily would be blacklisted
on other employers as well which would result on having a hard time on finding some jobs in future.Honesty is always the best policy.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
October 17, 2019, 04:58:50 PM
#23
No, he wont find the truth since you have done it all by yourself, that means it is private. Except if you recorded everything and put it in tape. Edited it and then passed to them for proof. That could get you in danger.

Why do all of that if you could just tell the truth and just say you had experience with crypto currencies.
sr. member
Activity: 560
Merit: 269
October 17, 2019, 04:46:00 PM
#22
Just be honest man. Your making your own problem. As others were saying, employers are not fools to believe everything that is written. So they always check and investigate things a bout you especially if you're capable to take higher position. Employers perform background checking if you don't know that.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
October 17, 2019, 03:36:31 PM
#21
130% in a time span of 3 months is insane! Definitely so considering the fact that you traded on CoinbasePro, and exchange that doesn't offer leverage trading.

In most cases legacy market traders would be jealous A.F. when they see that you only needed 3 months to book such magnificent profit percentage. I know some great traders myself with like 5-10 years of experience in the forex segment of the market, and they are over the moon with 100% profit annually. Nothing about your profit percentage tells me that you should manipulate it to make it look better.

I'm sure 130% will stun any trading firm. The main point of importance aren't really the gains you book, but more so the fundamental understanding you have of trading. You have to convince your future employer that your run to 130% profit wasn't just a lucky streak.
This is the same that I was thinking, earning 130% in just three months is huge, there is no need to try to exaggerate those numbers when you are earning more money than most traders in any market, and when you understand that those profits were not the result of using a huge leverage then those results become even more impressive, the only thing that I would like to know is what it is the risk of bankruptcy because anything other than zero is unacceptable.
hero member
Activity: 1148
Merit: 500
October 17, 2019, 03:02:41 PM
#20
Of course it is. Blockchain explorer will do the job for the employer to find out if your telling the truth. And since you told to the employer that you have good amount of cryptocurrencies. Just pray he/she will not ask for you for your cryptocurrency address like Bitcoin or ETHEREUM. Both of these can be monitor thru blockchain explorer and how much the wallet is holding. Once they've found out you're lying. It could be the hindrance for your employment. In applying for jobs. Just tell them the truth as much as possible as most of employers do background checking. Be true to yourself.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
October 17, 2019, 01:07:39 PM
#19
Disclaimer: I'm sorry if I made you feel uncomfortable because of my "malicious" plans, but the job market is so incredibly competitive and sometimes unfair, that every drop matters  Lips sealed

Hi! I used to day trade on gdax for a while, but without any massive hits and an overall return (over 3 months) of around 130%. As I would like to include that I have traded cryptos on my CV, I imminently thought "Hey, what if I slightly bend the truth?". If I decide to exaggerate my figures slightly, is there any possible way that my potential employer could find out the truth?
Extra question: If they ask me for a proof, can I pretend my account is deleted and offer to show them a transaction history on another platform?
 
There is no gain in not saying the truth even you exaggerated your portfolio to fake your employer in the course of duty you will called to trade Live Account that is where you will be exposed and probably get kicked out, trading is practically orientated and there isn't any thing to hide, its better you take step forward by going back to the drawing board a learn alot until you hit massive hits or profits consistently thereafter reapply.
hero member
Activity: 1806
Merit: 672
October 17, 2019, 11:25:31 AM
#18
First of what kind of job position are you applying at? If the skill for trading isn't even near on what you are applying then you can forget about it. It may even hurt your chances of having that job if you do so. Based from my experience employers don't even go the extra mile to ask proof of your skill, they didn't even read the copy of the thesis I provided but instead ask the summary of it which I just told them. Employers are more interested in what you will say and not actually interested in additional supporting documenta which will just waste there time, but if you can't provide it I think it's better to be safe than sorry and not actually lie about your trading gains.
hero member
Activity: 2870
Merit: 594
October 17, 2019, 11:09:09 AM
#17
It could work to your advantage, but personally I wouldn't go that route, you just don't know maybe it will haunt you one day. I had a bad experience in my past lives about not telling the truth to my employer. So one day they found out that I was lying so it's the end of the road for me.

Moral lesson here: Be truthful not just to your employer but to everyone around you.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
October 17, 2019, 11:02:45 AM
#16
It's like you are faking yourself to get a job you aren't supposed to.
What if you go to a doctor who got his degree by faking his documents and he prescribed you wrong medicines.
You will be pissed off right. So it's a humble request not to fake anything and be yourself and earn what you can with what you have.
sr. member
Activity: 756
Merit: 251
October 17, 2019, 08:01:15 AM
#15
Disclaimer: I'm sorry if I made you feel uncomfortable because of my "malicious" plans, but the job market is so incredibly competitive and sometimes unfair, that every drop matters  Lips sealed

Hi! I used to day trade on gdax for a while, but without any massive hits and an overall return (over 3 months) of around 130%. As I would like to include that I have traded cryptos on my CV, I imminently thought "Hey, what if I slightly bend the truth?". If I decide to exaggerate my figures slightly, is there any possible way that my potential employer could find out the truth?
Extra question: If they ask me for a proof, can I pretend my account is deleted and offer to show them a transaction history on another platform?
 

I will be honest as you are also honest in your OP.

This is stupid. Do not do this. Since you have posted this just yesterday, I hope you have not made your final decision yet. Integrity is something I personally treat more than gold. If you do this, more than the company that will eventually hire you out of your bogus CV, you will be the one to suffer. By the time they will let you do your job because you are claiming to be a better trader than you actually are, and your real ability will come out, and you failed, you will still be labeled as the one that is not performing well. And believe me, this act of yours will haunt you till death.
legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
October 17, 2019, 07:18:55 AM
#14
So if you're looking for a job as a trader I suppose you need to show up a valid transaction history. You can get xlsx or csv files showing your transaction history from most of the trading platforms nowadays. You can "bend the truth" if you want, but I wouldn't ever do that because I care about ethics. Plus, you will only lie to yourself, most often than not you will be put in a probation period where they will actually "test" your skills. No sane investor or trading firm would allocate funds to a trader who doesn't possess a PROVEN trading history. I wish you good luck in finding a job that you like, but after all if you are so good at trading why don't you trade your own funds and build your equity up?
sr. member
Activity: 784
Merit: 282
October 16, 2019, 08:05:18 PM
#13
Disclaimer: I'm sorry if I made you feel uncomfortable because of my "malicious" plans, but the job market is so incredibly competitive and sometimes unfair, that every drop matters  Lips sealed

Hi! I used to day trade on gdax for a while, but without any massive hits and an overall return (over 3 months) of around 130%. As I would like to include that I have traded cryptos on my CV, I imminently thought "Hey, what if I slightly bend the truth?". If I decide to exaggerate my figures slightly, is there any possible way that my potential employer could find out the truth?
Extra question: If they ask me for a proof, can I pretend my account is deleted and offer to show them a transaction history on another platform?
 
What position are you applying for?

People always exaggerate whats in their CV, it doesn't make it right i know, but it's almost common-practice. Just don't go overboard and oversell yourself on things that you won't be able to replicate anyway, like 130% gains. I'm not even sure that is of worth to the employer and it may just seem like you're bragging (if the position isn't related to trading stocks or the like).

Also, the 130% during the bull run in 2017 was do-able not because of skill but because of luck that bitcoin pumped so high.
copper member
Activity: 2114
Merit: 1814
฿itcoin for all, All for ฿itcoin.
October 16, 2019, 06:56:22 PM
#12
It would be stupid to lie IMO. Just tell the truth. 130% in 3 Months isn't bad for sure especially if the type of trading you where doing was not margin trading. If i was in your shoes, I would be so proud of that.

You might exaggerate the figures and later on your employer will think you are so good at trading and will expect a lot from you. Do not you see that you will putting yourself on a lot of pressure for nothing?
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