We had a required the amount of 9500btc to get to market as an absolute minimum. Yes the holdings have doubled in value too. With regards to missing the boat, we have decades in front of us, February isn't far away in the true scale of things.
Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 137. (Read 658701 times)
If you make your point 1, 2, 3, 4 times, fair enough.
If you make it 1,000 times it is obvious that you are a sick person.
If you make it 1,000 times it is obvious that you are a sick person.
Now you have to reduce to personal insults - well done, thats really clever!
I keep asking my questions because they have not been answered. It seems some others have also understood that, but as usual questioning the facts around the latest shiny bitcoin stock with big plans is deemed trolling.
As an aside from the constant negative talk, I was wondering if you think the ongoing rise in BTCs price is a good or bad thing for neo and bee.
It would be better if it was happening after you started taking deposits obviously, but you have raised a higher $/€ amount than anticipated...
It would be better if it was happening after you started taking deposits obviously, but you have raised a higher $/€ amount than anticipated...
Danny somewhere said that they have already collected the amount of BTC required to go to market.
According to the prospectus this is 14,097 BTC.
In view of the increase in the price of BTC, just from this holding alone the company has doubled its size and euro/USD cash reserves since then! In today's prices that is $ 3.1 million!
If he's a man of his word he will now leave this thread and prove that he is not a troll.
You are all overly-sensitive on here.
If this Bank is going to be the multi-million dollar affair you think it is and it has agreements with vendors in Cyprus signed and sealed then nothing on this poxy little thread is going to change that is it? So why the big fuss over a guy asking questions that ANY banking customer is going to ask?
If these questions are 'difficult' to answer that says to me the business model is flawed. Ex-trader has said he wants this to work but it seems he thinks the reality once this business idea hits the streets is that people will react negatively to the sales pitch. You need to seriously address that guys and you need to address that NOW before launch if you want your investments to pay back. You should be joining ex-trader in the scrutiny not telling him he is not wanted.
If you make your point 1, 2, 3, 4 times, fair enough.
If you make it 1,000 times it is obvious that you are a sick person.
If he's a man of his word he will now leave this thread and prove that he is not a troll.
You are all overly-sensitive on here.
If this Bank is going to be the multi-million dollar affair you think it is and it has agreements with vendors in Cyprus signed and sealed then nothing on this poxy little thread is going to change that is it? So why the big fuss over a guy asking questions that ANY banking customer is going to ask?
If these questions are 'difficult' to answer that says to me the business model is flawed. Ex-trader has said he wants this to work but it seems he thinks the reality once this business idea hits the streets is that people will react negatively to the sales pitch. You need to seriously address that guys and you need to address that NOW before launch if you want your investments to pay back. You should be joining ex-trader in the scrutiny not telling him he is not wanted.
This post is exactly the kind of crap crumbs or VE would come up with in active mining. Surprised you of all people are defending a blatant concern troll.
As an aside from the constant negative talk, I was wondering if you think the ongoing rise in BTCs price is a good or bad thing for neo and bee.
It would be better if it was happening after you started taking deposits obviously, but you have raised a higher $/€ amount than anticipated...
It would be better if it was happening after you started taking deposits obviously, but you have raised a higher $/€ amount than anticipated...
They said they are already performing their services for some people early, but I too worry they may be missing a lot of opportunity between now and Feb.
If he's a man of his word he will now leave this thread and prove that he is not a troll.
You are all overly-sensitive on here.
If this Bank is going to be the multi-million dollar affair you think it is and it has agreements with vendors in Cyprus signed and sealed then nothing on this poxy little thread is going to change that is it? So why the big fuss over a guy asking questions that ANY banking customer is going to ask?
If these questions are 'difficult' to answer that says to me the business model is flawed. Ex-trader has said he wants this to work but it seems he thinks the reality once this business idea hits the streets is that people will react negatively to the sales pitch. You need to seriously address that guys and you need to address that NOW before launch if you want your investments to pay back. You should be joining ex-trader in the scrutiny not telling him he is not wanted.
As an aside from the constant negative talk, I was wondering if you think the ongoing rise in BTCs price is a good or bad thing for neo and bee.
It would be better if it was happening after you started taking deposits obviously, but you have raised a higher $/€ amount than anticipated...
It would be better if it was happening after you started taking deposits obviously, but you have raised a higher $/€ amount than anticipated...
Why the name ex-trader? If you used to be a professional trader as I seem to recall you saying, is your choice of name not rather egotistical? If so, for me, it somewhat weakens your case.
Why the change in language from your early posts to more recent ones? Your early posts felt impartial, professional and lacking motive, yet your recent posts have an agenda and sometimes seem borderline fud. Are you the same person or has the account been passed on to someone else?
If perhaps you have a motive which wasn't clear on the early pages of this thread would you share please? What have you to gain or lose?
I would appreciate an honest and open response to these 'off-topic' questions because I genuinely can't work you out myself and as such am floating around NEOBEE limbo.
Thanks in advance.
Why the change in language from your early posts to more recent ones? Your early posts felt impartial, professional and lacking motive, yet your recent posts have an agenda and sometimes seem borderline fud. Are you the same person or has the account been passed on to someone else?
If perhaps you have a motive which wasn't clear on the early pages of this thread would you share please? What have you to gain or lose?
I would appreciate an honest and open response to these 'off-topic' questions because I genuinely can't work you out myself and as such am floating around NEOBEE limbo.
Thanks in advance.
To answer in short:
I have no particular desire to reveal that much about myself other than yes, I have been a trader (for top global banks) but am now an investor only. I also have a lot of experience in banking products and bank balance sheets. I happen to know a fair bit about bank regulations, liquidity, maturity transformation and interest rate risk/currency risks. Risk in financial business is my life, I spent 25 years doing it, so it's one of few products in Bitcoin world I have perhaps some relevant experience in. As for the name, I had to think of something.
As for my motive frankly it's a mid muddled. I really want these guys to succeed, I think they're making a great effort in perhaps the most receptive market-place and had they stuck to Bitcoins only then I would really have few comments. However I believe their main product is misguided and either ends up with huge risks on them or the customer and I also find it hard to believe that anyone will be placing any money into this product which will not have the €100k protection that normal bank accounts have and that has very little upside. Nor does it even allow them to have actual Bitcoins. I also think it unlikely they'll get through regulatory approvals with this product.
I was hoping they might realise this before they launch and find it doesn't work and ruins all their other good efforts. I think I'm a lone voice in this though, so it's probably time for me to stop posting on this now and just let fate takes it course.
If he's a man of his word he will now leave this thread and prove that he is not a troll.
Ex-trader, that's enough. You have made your point 1,000 times.
Stop being an idiot.
Stop being an idiot.
+1
Everyone here knows your stance very well. Pretty sure the horse was dead a long time ago so you can put away the stick.
If it turns out you're right, then you can laugh at all of us who believed in what Danny is doing with NEOBEE. Congrats. You will have won the internetz.
But if (when?) you're proven wrong, I personally can't wait to see the reaction.
- Place your Euros in our Bitcoin accounts
Place your Euros into your Bitcoin Wallet
- You will own bitcoins, but you cannot have them, control them or actually spend them, since we need access to take them away from you if they go up in value
On selected wallets, we are only providing the cryptographic security of the Bitcoin protocol, yes it is more than just a store of value. Customers can still use Bitcoin however they want to use it.
- We'll give you a little bit of their increase in value instead
We take on the risk for some customers (not all), so why would they get no risk and all of the reward?
- You'll be protected against their fall by our special unproven secret black box trading methods
We will have a multitude of platforms available for us to trade our own reserves to ensure that we have sufficient reserves to cover any top-ups required, our additional services will also bolster our own reserves.
- No, you won't have the usual 100k protection from Bank of Cyprus like normal accounts
The "insurance" is all smoke and mirrors, but we are in discussions with the regulators surrounding this, with or without it the people here in Cyprus know that it essentially doesn't exist, so they are not blinded by the false promises of the so called 100k guarantee.
Place your Euros into your Bitcoin Wallet
- You will own bitcoins, but you cannot have them, control them or actually spend them, since we need access to take them away from you if they go up in value
On selected wallets, we are only providing the cryptographic security of the Bitcoin protocol, yes it is more than just a store of value. Customers can still use Bitcoin however they want to use it.
- We'll give you a little bit of their increase in value instead
We take on the risk for some customers (not all), so why would they get no risk and all of the reward?
- You'll be protected against their fall by our special unproven secret black box trading methods
We will have a multitude of platforms available for us to trade our own reserves to ensure that we have sufficient reserves to cover any top-ups required, our additional services will also bolster our own reserves.
- No, you won't have the usual 100k protection from Bank of Cyprus like normal accounts
The "insurance" is all smoke and mirrors, but we are in discussions with the regulators surrounding this, with or without it the people here in Cyprus know that it essentially doesn't exist, so they are not blinded by the false promises of the so called 100k guarantee.
Ex-trader, that's enough. You have made your point 1,000 times.
Stop being an idiot.
Stop being an idiot.
Would still be nice if CryptoCyprus would explain a little why the points of ex-trader are wrong.
Ex-trader, that's enough. You have made your point 1,000 times.
Stop being an idiot.
Stop being an idiot.
4 of the 5 points you made are wrong, but the 5th may even be wrong by the time we open our doors to the public,
OK, so please correct them and write what the actual situation is, since my points are taken from your prospectus and comments.
4 of the 5 points you made are wrong, but the 5th may even be wrong by the time we open our doors to the public, I thought the licenses would be more entertaining for someone such as yourself, over the marketing material. Each to their own I guess.
Its actually quite easy to derive income from other services, when you have the technological advantage over your competitors like Western Union, Money Gram etc (Naming just one service).
Its actually quite easy to derive income from other services, when you have the technological advantage over your competitors like Western Union, Money Gram etc (Naming just one service).
As long as they have a healthy customer base that is depositing and spending the BTC/EUR rate will be irrelevant as income will be derived from transactions and services provided.
Do you have any idea how difficult is to make money from services on accounts and how few depositors actually buy any services.
Anyway - I'm really looking forward to the marketing leaflets:
- Place your Euros in our Bitcoin accounts
- You will own bitcoins, but you cannot have them, control them or actually spend them, since we need access to take them away from you if they go up in value
- We'll give you a little bit of their increase in value instead
- You'll be protected against their fall by our special unproven secret black box trading methods
- No, you won't have the usual 100k protection from Bank of Cyprus like normal accounts
That's a really compelling product isn't it......
As previously stated, we are going to be generating many streams of revenue, our success is not just based on the appreciation of BTC.
Sure, you have your fees and then you'll have your forex/gold/securities trading room. But I'm fairly sure you cannot make 50% pa on an institution-sized trading account. If you did you could join the Soros club.
If they were that good at trading and proven to be so then it would have been much cheaper and easier to simply raise money for a trading fund.
Well they might not have had the account size to trade that big? They now have funds I'm guessing to head hunt a small junior trading team from a minor fund or the like. But even a great team (which they likely can't afford) couldn't make the required balance sheet impact without taking major risks. Thats another layer of risk that the company can't survive a failure on. Does error account 88888 still work?
Don't forget that NEOBEE wont be trading with customers BTC as this is locked in the account. They are going to have a separate trading fund to risk with. Also the main risk to NEOBEE that I can see is not being able to get enough depositors/customer. As long as they have a healthy customer base that is depositing and spending the BTC/EUR rate will be irrelevant as income will be derived from transactions and services provided.
As previously stated, we are going to be generating many streams of revenue, our success is not just based on the appreciation of BTC.
Sure, you have your fees and then you'll have your forex/gold/securities trading room. But I'm fairly sure you cannot make 50% pa on an institution-sized trading account. If you did you could join the Soros club.
If they were that good at trading and proven to be so then it would have been much cheaper and easier to simply raise money for a trading fund.
Well they might not have had the account size to trade that big? They now have funds I'm guessing to head hunt a small junior trading team from a minor fund or the like. But even a great team (which they likely can't afford) couldn't make the required balance sheet impact without taking major risks. Thats another layer of risk that the company can't survive a failure on. Does error account 88888 still work?
As previously stated, we are going to be generating many streams of revenue, our success is not just based on the appreciation of BTC.
As previously stated, don't waste your time trying to please these people. If they don't believe in it they have no stake anyway.
So should the forum rules be amended for all securities, so that only shareholders may speak and then only then can they say positive things about the stock?
As per the quote, I was actually commenting to cryptocyprus.
As previously stated, we are going to be generating many streams of revenue, our success is not just based on the appreciation of BTC.
Sure, you have your fees and then you'll have your forex/gold/securities trading room. But I'm fairly sure you cannot make 50% pa on an institution-sized trading account. If you did you could join the Soros club.
If they were that good at trading and proven to be so then it would have been much cheaper and easier to simply raise money for a trading fund.
As previously stated, we are going to be generating many streams of revenue, our success is not just based on the appreciation of BTC.
As previously stated, don't waste your time trying to please these people. If they don't believe in it they have no stake anyway.
So should the forum rules be amended for all securities, so that only shareholders may speak and then only then can they say positive things about the stock?
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