Bitbollo seems to be on the right track... Transaction fees eat too much at small investment amounts.
Assuming a transaction fee of 0.0005 when sending the BTC, even at a 0.1 BTC investment, you will be in the red after a one week investment.
Unless you expect people to deposit amounts above 0.1 BTC (despite you being relatively new to this), or deposit for extremely long periods of time, I can't see why this would be good.
And all of this doesn't even take into account the chance that you might not hit the promised rate....
Thanks for replying to my thread. My answer to this is that you should take a look at my FAQ Section, after answering someone's question I basically answered any question about fees, I think it's just natural that the investor pays the fees when depositing into my service as I promised to cover the fees when the investors would ask for withdrawals, I think the rate is fair, considering you only have to invest once, and you can withdraw multiple times (meaning I would cover more fees for the Investor after a long amount of time)
Concerning the rates I
announced (important word), I might go above the quota, or under it, but if there is a huge loss, I have enough of my own funds to cover it. Remember this is still investing, it has risks. My service just minimizes the risks by investing on multiple assets, and a backup fund is even ready for any problems. (There is a max deposit/month(per investor) for a reason. I'll never accept a deposit if I can't cover it if something happens)
Hope I cleared everything up for you jambola2.
Kind regards, Jackolantern.
your rate are not good
at least ... for me.
If you check on yobit, you can find an easily 0,2 % DAILY for a minimum investment of 0,01 btc.
ROI prediction:
Daily: 0.2%
Weekly: 1.4% (+ little interest from past earning)
Monthly: 6% (+ little interest from past earning)
Yearly: 72% (+ little interest from past earning)
Your ROI prediction:
Daily: 0.06%
Weekly: 0.425%
Monthly: 1.695%
Yearly: 20.35%
So, probably most of people are scared to use this exchange, because they have a bad support, delist some coins without alert and so on...
But personally I can trust more their service and not yours.
Kind regards
I don't think there is a need for this at all. If you won't trust his service then go through with it but not coming to advertise another service just to press home your point. I am not speaking for OP as what I am after is what he use those funds for and how he intends to make that return no matter how small, he should do what he can afford and not scam anybod and also in a case where the trades you make result in a loss, how do you intend to make it up to you clients?.
Thanks for your answer olubams.
To answer your question, everything is not about trading, I would say trading only takes 4-6% of what I'm investing on, if my trading would result in a loss, the other investments would make up for it, and if not, my backup fund will be able to handle it well.
Hope I cleared everything up for you as well, if any other questions, go ahead and feel free to ask.
@Bitbollo I would appreciate if you could stop arguing on this thread, please do so in private message with the other user, I'd like to keep this thread and replies as clean as possible without having to find a moderator to delete posts. But to answer you, no I am not a professional trader, but I do have about a year of experience in it, and if any loss as mentioned above, I have a backup fund. Also I won't be trading all the time, if I don't see any opportunities, I won't take them and focus on my other assets. As mentioned as well, trading only occupies 4-6% of all what I'm investing on.
Kind regards, Jackolantern.