Topic: The Bromance of FruitsBasket and CryptoSparks - page 3. (Read 919 times)

The interesting questions are..

1) If you have a really profitable trading bot (i.e. any trading bot with good strategies which generate profit in the long term), why would you share it ? Why not simply put all the money you have into it and profit yourself. That would be a money-making machine.
Sharing it with others just decreases your profit.

2) How can you claim that more people applying the same strategy will result in more profit for everyone ? There is no logical explanation for that.
This was one of the reasons he mentioned why he shares his bot. More people applying his strategy -> everyone's profit increases.




Exactly. Multiple red flags -> people are at high-risk when dealing with him.
The flag is not about any victim or proven scam. It is just to warn others (especially newbies).



Regarding the FruitBasket <-> CryptoSparks topic.. might be possible that he got paid for shilling.
But it also might be possible that he tried out the bot and it indeed generated some profit.

And before somone claims that this proves that it is not a scam.. let me remind you of bitconnect. Bitconnect also generated profit for a lot of people. These people also advertised and defended it. That's neither an argument pro nor contra being a scam.

CryptoSparks made a number of critical errors that completely undermined his credibility as a prospective asset manager:

Apart from the very childish and atrocious attitude which has already been discussed at length, here are a few breaches of trust that would justify the flag and disqualify him from any serious business proposition:

1) He claimed his bot returned 480% in 20 months, it turns out these were just pro forma backtests, ie: NOT LIVE RESULTS (presenting a backtest as real trading performance would lead to the revoking of your license as a CTA or asset manager in many jurisdictions, including the United States, where legally you can't even publish live results unless they are audited by a certified 3rd party...)

2) He was visiting the forums at the beginning of every month and publishing some Bitmex trades, claiming that he already had a very profitable bot working very well for his investors going as far back as 3 months ago (as AdolfinWolf quotes here ). Later it turns out that project got scrapped, and now he has a new bot called Arakne, which begs the question: what happened to Phoenix and your earlier investors bro, and why you are down to trading with nominal lots of 10 USD in a massively leveraged exchange, where you used to do round trips of 10k USD or greater just a couple of months ago... 

How many people got rekt already because of your immoral marketing tactics and shamelessly deceptive presentation of your experimental bots?..

As it stands, unless CryptoSparks tremendously improves his honesty and ethics, a warning flag against him is very appropriate.

The type of flag involved actually does not requite any actual victims. It only requires the perso nto be engaging in high risk activity.

From, the evidence until, there is no solid proof of FruitsBasket being and alt of CryptoSpark other than FruitsBasket defending him. They rather could be some known users to each other obviously.

I don't support the flag against CryptoSparks, because there is no real victim until who lost funds and reported. Of course, I don't trust trading bot's and don't recommend anyone to use the same without any prior knowledge about the code behind it. But, this doesn't make CryptoSpark a scammer either due to no documented fraud against him.


To understand this you need to be a target of the mob first. It's not that easy to interpret but is true.

Based on the evidence you are citing, I would say it is more likely they are in some kind of business relationship than the two being alts.

Technically speaking, BestWebCreator didn't offer shilling services (he solicited a TG handle in response to a solicitation for these services), but if his name pops up in a case of likely paid shilling, one can make a reasonable conclusion.

I don't want to get involved in forum drama, but I also don't support the flag against CryptoSparks. I would describe what he is offering as similar to GunBot, who has many vouches from reputable forum members, the main difference being that CryptoSparks has settings 'pre-filled' for his customers. GunBot also appears to have what I assume to be paid salesmen, and although I don't know the specifics of the commission/payment structure, I think it would be fair to say it would be similar to what CryptoSparks is offering in the thread you describe as "offering to pay for shilling".

CryptoSparks loan request was a little scammy, but a lender could negotiate better terms that would better protect the lender, such as asking CryptoSparks to put up some of his own money that would be used to cover the first trading losses, if any.

I would not personally trade with a bot I didn't code myself, but I cannot deny this does not commonly happen. 

Its sad watching you devolve into such a pathetic muckraker DirewolfM14. Just remember when the standard is mob justice, inevitably you become the target of the mob instead of part of it.

What's really going on with FruitBasket and CryptoSparks?  At first blush I was suspicious that the two are alts of one user, but I am unable to find any evidence to support this suspicion.  But I did find that FruitBasket does have an alt that was busted for being a paid shill...  Things that make you go HMMMM...

Not long ago CryptoSparks started a topic offering to pay for shilling his trading bot service.  The same service that any rational person would scrutinize with a healthy dose of skepticism.  Lo and behold, here's FruitBasket, defending and promoting CryptoSparks scambot.

So, @FruitBasket are you a paid shill for CryptoSparks?