Topic: Invest Bitcoins due to launch shortly!! - page 2. (Read 2918 times)

In other words, you don't care how plausible his "guaranteed 6%" promise is, he's your buddy, you trust him, and wish to support his business.
That's fine, and perhaps this is a reasonable investment for OP's other friends, but expecting to raise money on the internet simply doesn't make much sense.
And neither does justifying this scheme with "[it will benefit the] half of India [who] do not have access to banks or bank accounts."

From my perspective, all I am doing is putting a small part of my BTC into an investment, which I know can hold a steady return.
Am not looking at what he is doing with the BTC.

In that case, what's your motivation for "investing" in this?  Other than the guy being your buddy.

There are easier ways to launder money. I would not go through this if I wanted to launder money.

I was responding to OP's claim that his scheme would benefit the "half of India do not have access to banks or bank accounts."
You, on the other hand, are simply trying to launder money.
This scheme also fails at effective money laundering.

The securities that we are talking about are fixed deposits and bonds which have been very popular for generations in India. It's also one of the most sought after investment methods for many due to the guarantee of returns..

Regards
Team Invest Bitcoin

I do, but quite a few people I know have been questioned while using their bank accounts to trade.
Would rather not be one of them at this point in time.

Hmm... it seems weird as i do not believe anyone can handpick bonds with guaranteed success.

^
You do not have a bank account?

it seems like a smart way to bring money back into the countries banking system without raising too many flags.

I have problems converting my BTC to INR easily out here. I do not mind dumping few into this.
I know the guy running it, so will invest more out of that reason than anything else.

And these folks, sans bank accounts, managed to acquire so much BTC that they need to invest it back into fiat securities?  In the most efficient way possible?

Our handpicked schemes are top performing for sure and that's why we guarantee anywhere between 6% to 11% annually.

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Just to be clear, what currency is this guarantee it?  We're providing BTC.  We'll receive BTC when cashing out.  That would suggest your guarantee is also in BTC.
But of course you are talking about a guarantee in fiat.  Which fiat?  What exchange prices are used?  You also have fees.  What does this cost?  Not Lambchop has a valid point.  People can do this themselves.  It's not a big deal to convert BTC to fiat or buy bonds at your local bank.  You may have a small opening for convenience, but certainly investors need more information.  And there currently is a HUGE risk investing with BTC.


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Dear Elmwar,

  BTC can be paid during cashout or FIAT directly to a bank account. We use Btc-e exchange as that has been the most reliable exchange so far to deliver funds to India. Once we receive the BTC, we convert it into INR and store it in government approved securities. In the event that we find a better exchange, we will be glad to use it as long as the funds transfer to India is simple.

 This initiative comes from the fact that half of India do not have access to banks or bank accounts. While that is likely to change quite soon, BTC can help a lot with this right now.

It is more a matter of convenience for people who hold BTC and want to invest it directly without converting.  This would be a niche market product for people who are expecting the Indian Economy to work for them over the next 5 years (elections are underway and tremendous change is expected).

Regards
Team Invest Bitcoin

[/quote]

Our handpicked schemes are top performing for sure and that's why we guarantee anywhere between 6% to 11% annually.

[/quote]


Just to be clear, what currency is this guarantee it?  We're providing BTC.  We'll receive BTC when cashing out.  That would suggest your guarantee is also in BTC.
But of course you are talking about a guarantee in fiat.  Which fiat?  What exchange prices are used?  You also have fees.  What does this cost?  Not Lambchop has a valid point.  People can do this themselves.  It's not a big deal to convert BTC to fiat or buy bonds at your local bank.  You may have a small opening for convenience, but certainly investors need more information.  And there currently is a HUGE risk investing with BTC.

Nah.  It's totally retarded.  Why would anyone averse to risks intentionally send his bitcoin to a d00d who promises to make him rich by investing in ... handpicked government bonds

What's particularly lulworthy is your "guarantee anywhere between 6% to 11% annually."
Starting with purely structural analysis, this statement could be reduced to "guarantee of 6%," unless you're implying that you guarantee that your marks clients will never profit *more* than 11% per annum.
On a more contextual level, the road to poverty is paved with guarantees from random (in this case not very creative) d00ds from the intert00bs.

People who do not believe in Bitcoin divest from Bitcoin, not dump it with the latest halfass interwebs scammer.
Give it up. OP, this forum has all the clowns it can handle.

Dear Elmwar,

Thanks for taking the time out to share your thoughts... It was plunge in prices that actually got us to work on this, coz we know of a lot of people who bought Bitcoin when it was $1000+ and now they have incurred a loss! Would have loved to start this service much earlier, however, we're hoping that it's better late than never and would prove to be useful to at least the rest of the crowd who may want to make that investment now.

We are also working on launching gold and real - estate in the coming months, post our launch of bonds and deposits! Silver has not been on our list, but would definitely look into it..(+1 for the suggestion)

It's great to know that people in the community are opting for gold and silver as optional/ additional investments.

Thanks once again for writing here!

Regards
Team Invest Bitcoin

Dear notLambchop,

Seems like you've mixed up something somewhere... We are not talking about individuals who would convert their fiat to Bitcoin to invest with us in a government bond...(that we understand as retard!) We provide services to individuals and corporates who want to invest their Bitcoin in deposits/ bonds which would give them their guaranteed returns!! - so that's not retard after all

"The risk-averse individuals who invest in government bonds invest directly in government bonds" - that's up to the individual. (here, people are investing their fiat into bonds directly. Our service is for people with Bitcoin - convert them to fiat and invest them on their behalf).  Our handpicked schemes are top performing for sure and that's why we guarantee anywhere between 6% to 11% annually.

And as far as "some d00d on the interweb" is concerned, we completely understand that trust cannot be built in a jiffy. It's with time, that trust is built. And we are happy to go that route..

Regards
Team Invest Bitcoin

There could be an advantage for some long time bitcoin holders who wish to hold profit at the current fiat price.  If people did this 3 months ago, the could now sell and double their bitcoin.  If people did this themselves, there would be tax implications that would be hard to hide.  Using a service like this could be quicker and hide profits for a time, but you're also paying for the service.

One suggestion, instead of just fiat bonds, why not the option of gold and silver?  Bonds give a set return, however most bitcoin users believe it's not worth the paper it's printed on.  You could offer both and let them decide.  I've actually converted some profit to gold and silver recently.  There are several places that accept bitcoin.

There could be a small niche here for you, but it's not something I'm interested in at the moment.  Best of luck.

The risk-averse individuals who invest in government bonds invest directly in government bonds.  They do not convert their fiat into Bitcoin to send to some d00d on the interweb so that said d00d could convert it back to fiat and invest in government bonds for them.  That's retarded.

Thanks Benson Samuel

Regards
Team Invest Bitcoin

Hope you guys do well. All the best!