Pool strategy of investment for wealth multiplication. - page 2.

KingsDen

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Quote from: samcrypto on July 21, 2023, 05:41:26 PM

Quote from: KingsDen on July 21, 2023, 05:13:07 PM

Quote from: Johnyz on July 21, 2023, 04:39:16 PM

It’s lime a mutual funds but if you are going to do this with your friends, better not to because conflicts might happen especially if someones wants to get his money back instantly.

Collecting of funds and investing it is already happening with the stock market and it is being handle by the professionals so you can have more confidence with your funds. It may look higher since the capital is big, but with the trust issues, I think I will not go for this.

Many people are saying about trust issues but I think I read somewhere in OP where they said that a written agreement should be done and legalised. If such agreement exists, there won't be ground for misunderstanding.

Crowd funding and group investment is a key, I will like to try this with my friends but I don't know how they will feel about it. There is power in joint efforts. I have seen people do that in Real Estate and it worked perfectly well.

Even if there's an agreement, there's still a risk of losing your trust.
If you can invest on your own much better, but if you really trust your close friend and you believe on his knowledge about trading and investing, then why not maybe you can just invest small portion of your extra profit so you will not miss the fun with your friends. Personally, I prefer to invest on my own privately.

I really understand that cryptocurrency is about trustlessness, but if things are done legitimately and signed by the law, it will make people behave well. Most times why people have issues in such partnership is when they do so based on trust and have no legal backup.
No matter how close you are with your friends and family, it is nice to have good arrangement legaly. It doesn't really mean you don't trust them in the daily endeavours, but business and investment is different.
Investing alone is a good option, but the investment power will not be as when more people agrees to co-invest.

Yatsan

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In such way you'd have larger capital which would allow your business to be stretched longer especially in downtimes. But having larger capital won't guarantee success even if you have multiple number of 'heads' to come up with a more efficient business plan. It still depends on who are in that circle. Also if you will have the same amount of investment each, who'd move for your business? will the tasks be distributed equally as well? It should be and this is where problem may arise 'coz there are people who have the money to invest but are lacking the will to mke a business bigger. So better choose the right ones in that pool.

Unbunplease

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Quote from: Jawhead999 on July 23, 2023, 06:17:09 AM

Since cryptocurrency has some privacy, this will make no one know where the coins go if there's someone move it. Each of them will accuse each other and no one will admit it, the scammer just need to mix the coins and use P2P exchange without KYC.

Yeah raising funds is only work for business, however even though it's your bother, sister etc still no one can be trusted, so make sure you're be ready with the worst thing that might happen.

Technology has gotten to the point where even blending can't provide privacy. Soon privacy will be an empty sound. And on exchanges without KYC, one can transact for a certain amount and there is no guarantee that this amount will not be confiscated without explanation

darewaller

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Quote from: BRINIRHA on July 23, 2023, 05:04:09 AM

Quote from: mvdheuvel1983 on July 23, 2023, 04:30:43 AM

I don't buy this idea at all ...it may work for other assets like properties and all but a total no-no for crypto assets. Even if you decide to have an agreement on how to share the profits there is still going to be issues. People are innately greedy and may harm the others so that they get the own thing to themselves. No matter how long it will take, invest in crypto assets yourself.

For crypto assets, I really think we shouldn't trust anyone to work with. Because there is no point in working together to raise capital just to buy bitcoins. Because we can even buy Bitcoin with minimal capital. Unless we raise joint capital to build a joint business such as building a shop and the like. I also have acquaintances who are raising capital to build big businesses. But that acquaintance of mine did it with his brother and no one else. Because of course we can not do it with other people. Nowadays there are too many people we can't trust.

I agree that it's very difficult because you are literally ending up with giving it to someone and in return they may end up with a loss and that's going to end up with a big terrible ending. That person may just get your money and could end up not caring about what you think at all.

I believe that if you are going to end up with doing something like this, at least do it with people you are very close with in real life. Your very best friends, your family, those type of people would at least be close to you and you would know that if they fail, they are going to fail and not scam you. Even in that case there are many stories where family members end up scamming other family members and that's why it would be very risky to do.

Jawhead999

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Quote from: BRINIRHA on July 23, 2023, 05:04:09 AM

For crypto assets, I really think we shouldn't trust anyone to work with. Because there is no point in working together to raise capital just to buy bitcoins. Because we can even buy Bitcoin with minimal capital. Unless we raise joint capital to build a joint business such as building a shop and the like. I also have acquaintances who are raising capital to build big businesses. But that acquaintance of mine did it with his brother and no one else. Because of course we can not do it with other people. Nowadays there are too many people we can't trust.

Since cryptocurrency has some privacy, this will make no one know where the coins go if there's someone move it. Each of them will accuse each other and no one will admit it, the scammer just need to mix the coins and use P2P exchange without KYC.

Yeah raising funds is only work for business, however even though it's your bother, sister etc still no one can be trusted, so make sure you're be ready with the worst thing that might happen.

BRINIRHA

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Quote from: mvdheuvel1983 on July 23, 2023, 04:30:43 AM

Quote from: Cryptomultiplier on July 16, 2023, 01:34:06 PM

A group of friends or brothers or relatives or colleagues can come together, buy some crypto asset, possibly BTC because of its credibility and then share the profit after the time agreed upon is due. They could also invest in Altcoins for quick profits on short duration.

I don't buy this idea at all ...it may work for other assets like properties and all but a total no-no for crypto assets. Even if you decide to have an agreement on how to share the profits there is still going to be issues. People are innately greedy and may harm the others so that they get the own thing to themselves. No matter how long it will take, invest in crypto assets yourself.

For crypto assets, I really think we shouldn't trust anyone to work with. Because there is no point in working together to raise capital just to buy bitcoins. Because we can even buy Bitcoin with minimal capital. Unless we raise joint capital to build a joint business such as building a shop and the like. I also have acquaintances who are raising capital to build big businesses. But that acquaintance of mine did it with his brother and no one else. Because of course we can not do it with other people. Nowadays there are too many people we can't trust.

Gadei Blang Gapu

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Quote from: Johnyz on July 21, 2023, 04:39:16 PM

It’s lime a mutual funds but if you are going to do this with your friends, better not to because conflicts might happen especially if someones wants to get his money back instantly.

Collecting of funds and investing it is already happening with the stock market and it is being handle by the professionals so you can have more confidence with your funds. It may look higher since the capital is big, but with the trust issues, I think I will not go for this.

It is true that currently there is a crisis of trust where fraudsters work together to convince their targets to join and invest in their platform, moreover they know that there are quite a lot of funds to be disbursed. I think only a few have the courage and with a written agreement, of course, to avoid unwanted things in the future.

mvdheuvel1983

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Quote from: Cryptomultiplier on July 16, 2023, 01:34:06 PM

A group of friends or brothers or relatives or colleagues can come together, buy some crypto asset, possibly BTC because of its credibility and then share the profit after the time agreed upon is due. They could also invest in Altcoins for quick profits on short duration.

I don't buy this idea at all ...it may work for other assets like properties and all but a total no-no for crypto assets. Even if you decide to have an agreement on how to share the profits there is still going to be issues. People are innately greedy and may harm the others so that they get the own thing to themselves. No matter how long it will take, invest in crypto assets yourself.

ancafe

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Quote from: Johnyz on July 21, 2023, 04:39:16 PM

It’s lime a mutual funds but if you are going to do this with your friends, better not to because conflicts might happen especially if someones wants to get his money back instantly.

Although we rarely see this in bitcoin investment, many cases that occur in the business of collecting money with friends to run it will end in mutual distrust and in the end will lead to conflict. If the investment can be done independently it will be much better than collecting money with friends, because if we have small capital we can use the DCA pattern as a strategy.

Quote from: Johnyz on July 21, 2023, 04:39:16 PM

Collecting of funds and investing it is already happening with the stock market and it is being handle by the professionals so you can have more confidence with your funds. It may look higher since the capital is big, but with the trust issues, I think I will not go for this.

There are many risks that will occur by raising funds and engaging in investments. Patterns that are carried out by some people in the stock market and are handled by professionals also cannot be guaranteed, but if you and anyone can entrust this to them, the decision is up to each of us individually.

doomloop

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Quote from: Husires on July 19, 2023, 03:00:15 AM

I do not advise a group of relatives and friends to get together and buy high-risk assets, including Bitcoin. You start investing from a low-risk asset, medium to high, and not the other way around.The reason for this is that all types of investment entail risks that may not be borne by everyone, and thus cause social problems among the family. It is better to divide the investment so that it is in different sectors and in varying proportions so that high-risk investments do not exceed 30% to 50% in the worst case, with a good diversification of investments and asking specialized people to reduce risks and maximize profits. Such partnerships are always the problem in the mechanism of providing liquidity when someone needs it in making decisions.

What if they are the ones who approach you first for this? And then you explain the risk to them properly. If they still agree to join, they will now accept whatever outcome they will get. Sometimes it's better to have them as a partner because you know them already. There is the confidence and they are easy to approach than to a random person. You will also feel happy when you see that your love ones are improving their life.

For me, Bitcoin is not a high-risk asset. If there are like that, it would be the pump and dump coins. Diversifying is optional. It might be beneficial but the cons that I see here is that it can give us an extra pressure when managing our portfolio.

Jatiluhung

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Quote from: Johnyz on July 21, 2023, 04:39:16 PM

It’s lime a mutual funds but if you are going to do this with your friends, better not to because conflicts might happen especially if someones wants to get his money back instantly.

Collecting of funds and investing it is already happening with the stock market and it is being handle by the professionals so you can have more confidence with your funds. It may look higher since the capital is big, but with the trust issues, I think I will not go for this.

It's true that what makes this strategy difficult is because it's difficult for us to trust other people. And sometimes there are differences in the interests of each person which can lead to conflict or something like that. So it's better for us to stay focused on investing for ourselves and with our own capital. We can start with a small investment and gradually move on to a larger investment. Don't rush in pursuing success. It's better for us to enjoy every process and slowly we increase the assets we have.

Fatunad

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Quote from: serjent05 on July 21, 2023, 06:18:53 PM

Quote from: hatshepsut93 on July 16, 2023, 06:17:05 PM

But it makes no sense to pool Bitcoin investments. You can buy any amount of BTC you want, even $1. There's no upsides and only downsides to this.

I highly agree since Bitcoin does not have a high entry investment. Even a $5 amount purchase is allowed in some exchanges. Besides pooling money to invest in Bitcoin will only cause trouble to the person who gives the idea. I know one member of this forum who does this strategy way back 2017(he is not active here anymore) and ends up with a death threat when Bitcoin value plummeted since he can't give back the amount his co-investors had initially invested since the price of Bitcoin dives really hard. I do not know how he solve that problem but one thing I heard is that he has to sell some of his properties in order to give back the money.

But I think if he hodl those BTC, he might be at a profit right now (I have no more news about him since we stopped communicating with each other after he failed to pay his debt).

You wont really be giving back the money or in fiat form if you have still that BTC amount completely which you could really simply make out those explanation that it is due to volatility of the market.This is why
its really that important that on the time that you do make out arrangement or agreements on the money that you are pooling in between investors then there's should really be those disclaimers about the market
volatility. If you are the ones who had been holding the funds then you should really be that responsible on holding it and not on being tempted on making use of those funds without other investors permissions
because that would really be creating that huge chaos on which it is something that a normal thing to happen. This is why i dont really prefer on having divisions or other people involved when it comes to investment,
because on the time that money would really get involved then temptations arent something that would be avoided and would cause up distrust on everyone.

serjent05

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Quote from: hatshepsut93 on July 16, 2023, 06:17:05 PM

But it makes no sense to pool Bitcoin investments. You can buy any amount of BTC you want, even $1. There's no upsides and only downsides to this.

I highly agree since Bitcoin does not have a high entry investment. Even a $5 amount purchase is allowed in some exchanges. Besides pooling money to invest in Bitcoin will only cause trouble to the person who gives the idea. I know one member of this forum who does this strategy way back 2017(he is not active here anymore) and ends up with a death threat when Bitcoin value plummeted since he can't give back the amount his co-investors had initially invested since the price of Bitcoin dives really hard. I do not know how he solve that problem but one thing I heard is that he has to sell some of his properties in order to give back the money.

But I think if he hodl those BTC, he might be at a profit right now (I have no more news about him since we stopped communicating with each other after he failed to pay his debt).

arimamib

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Quote from: samcrypto on July 21, 2023, 05:41:26 PM

Even if there's an agreement, there's still a risk of losing your trust.
If you can invest on your own much better, but if you really trust your close friend and you believe on his knowledge about trading and investing, then why not maybe you can just invest small portion of your extra profit so you will not miss the fun with your friends. Personally, I prefer to invest on my own privately.

I quite agree with your opinion. Wherein is it wiser for us to manage our own investments without having to do it with other people or trusting other people for our assets. I have seen many cases where they lost most of their money because they trusted their investment to be managed by someone else.

So in this case, every investment that we make might be better managed by ourselves, even though the profit we get is smaller because of the small capital, but in terms of security, of course it is very prioritized. Besides that, there is no feeling of anxiety or worry about our money or when we need it, we can take it instantly without having to wait. Apart from that, in the current era, it may be difficult for us to find a word of honesty from someone or our friends or new people we know, so that it will have a negative effect later if one of them makes a mistake which can have a big impact on the course of the investment they are making. So I don't think that's a very good thing to do and might cause all misunderstandings to occur later.

samcrypto

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Quote from: KingsDen on July 21, 2023, 05:13:07 PM

Quote from: Johnyz on July 21, 2023, 04:39:16 PM

It’s lime a mutual funds but if you are going to do this with your friends, better not to because conflicts might happen especially if someones wants to get his money back instantly.

Collecting of funds and investing it is already happening with the stock market and it is being handle by the professionals so you can have more confidence with your funds. It may look higher since the capital is big, but with the trust issues, I think I will not go for this.

Many people are saying about trust issues but I think I read somewhere in OP where they said that a written agreement should be done and legalised. If such agreement exists, there won't be ground for misunderstanding.

Crowd funding and group investment is a key, I will like to try this with my friends but I don't know how they will feel about it. There is power in joint efforts. I have seen people do that in Real Estate and it worked perfectly well.

Even if there's an agreement, there's still a risk of losing your trust.
If you can invest on your own much better, but if you really trust your close friend and you believe on his knowledge about trading and investing, then why not maybe you can just invest small portion of your extra profit so you will not miss the fun with your friends. Personally, I prefer to invest on my own privately.

KingsDen

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Quote from: Johnyz on July 21, 2023, 04:39:16 PM

It’s lime a mutual funds but if you are going to do this with your friends, better not to because conflicts might happen especially if someones wants to get his money back instantly.

Collecting of funds and investing it is already happening with the stock market and it is being handle by the professionals so you can have more confidence with your funds. It may look higher since the capital is big, but with the trust issues, I think I will not go for this.

Many people are saying about trust issues but I think I read somewhere in OP where they said that a written agreement should be done and legalised. If such agreement exists, there won't be ground for misunderstanding.

Crowd funding and group investment is a key, I will like to try this with my friends but I don't know how they will feel about it. There is power in joint efforts. I have seen people do that in Real Estate and it worked perfectly well.

Casdinyard

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While it has its obvious merits, one of which being the fact that the potential for profit is significantly higher than if you're investing alone, the drawbacks of investment pooling is a little too high for me to consider picking it up. For one, the risks of the bagholder running away with the money we have is quite high, even if it were to be someone you already knew and trust (I've been in this same spot before), problems with the division of profit and all that could easily be resolved in my opinion, but I'm just too skeptical in these kinds of things that I wouldn't really be able to trust someone with my own money even if my life depended on it lmao. Not saying that it's not a viable strategy cause for all I know massive corporations and infrastructures were built using this strategy in the past, it's just not for me.

Johnyz

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It’s lime a mutual funds but if you are going to do this with your friends, better not to because conflicts might happen especially if someones wants to get his money back instantly.

Collecting of funds and investing it is already happening with the stock market and it is being handle by the professionals so you can have more confidence with your funds. It may look higher since the capital is big, but with the trust issues, I think I will not go for this.

superman184

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Quote from: Silberman on July 21, 2023, 03:20:05 PM

I have always though that it is a really bad idea to mix friends and family with money, because as soon as money gets involved money takes the center stage, and if something goes wrong, and we need to be honest a lot of things can go wrong when investing in bitcoin or any other asset, not only you run the risk of losing money but also losing your good relationship with your family and friends, and it is simply not worth it to lose something so precious over some money.

I also think that what you say is not wrong at all from the facts that I have seen in the environment around me, because there are many people who experience cracks in their family and friendship relationships when they have problems with financial matters. So I would agree more if we have to manage matters related to finances ourselves without the interference of family or friends which is still better than involving family and friends for that kind of thing.

Silberman

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Quote from: Husires on July 19, 2023, 03:00:15 AM

I do not advise a group of relatives and friends to get together and buy high-risk assets, including Bitcoin. You start investing from a low-risk asset, medium to high, and not the other way around.The reason for this is that all types of investment entail risks that may not be borne by everyone, and thus cause social problems among the family. It is better to divide the investment so that it is in different sectors and in varying proportions so that high-risk investments do not exceed 30% to 50% in the worst case, with a good diversification of investments and asking specialized people to reduce risks and maximize profits. Such partnerships are always the problem in the mechanism of providing liquidity when someone needs it in making decisions.

I have always though that it is a really bad idea to mix friends and family with money, because as soon as money gets involved money takes the center stage, and if something goes wrong, and we need to be honest a lot of things can go wrong when investing in bitcoin or any other asset, not only you run the risk of losing money but also losing your good relationship with your family and friends, and it is simply not worth it to lose something so precious over some money.

Topic: Pool strategy of investment for wealth multiplication. - page 2. (Read 561 times)