Like I have quoted before:
This 'club' is the oldest scam in the book - Let me explain how it works.
You all give 1 Bitcoin per month to Bob. He then pools all your Bitcoin together and uses half your money to firstly buy a nice stack of coins for himself in an alt market of his choosing. The other half of your money goes towards placing a big Buy wall just above where he purchased his last coins with your money.
At this stage he has very quietly placed all the coins he just bought with your money in little bundles up the sell order book. The last of his bundles is set at price 'Y'. He then puts the word out to everyone "Guys, pump is on X - Target Y+10% GO!" - All of you will then introduce MORE money and buy up all the coins he has just purchased with your own bitcoin.
You will then be reliant on each other to buy up your coins as Bob has already made his money - All he has to do is remove his buywall and you are all fucked. Not only have you given him 1 Bitcoin but you have now bought a bunch of coins far higher than they would be going for 'but for' Bob's buy wall made up of your own bitcoin.
Now, Bob is smart, he won't just remove his buywall - but roughly a quarter of you will buy too late, you will think "Ah damn, only just got the message - well price is Y-10% and target is Y so I guess I can still make 5-10%!"
Problem! Everyone has already started selling you their coins as when the target is Y the majority of people will always start selling somewhere between Y-20% and Y-10% - depending on their 'greed levels'. Either way you just got burned.
Now he has conveniently placed the disclaimer 'If you follow my guidelines' in his post - It enables him to say "Oh gee man I'm sorry to hear that! But I did do what I said I would didn't I? You were just a bit slow! Better luck next month!" - Those who have fallen for this scam will probably just say "Meh you're right, thanks so much Bob!" and get back to thinking they are part of a special club.
But any critisism gets deleted here.
This is not how it works, you have to prove your validity to investors,
Investors shouldn't have to do that for you.
Only shit talk gets deleted.
And you're 100% wrong. I dont need to prove my validity. Its all over the forum. A coin goes up and it was "bob" or "bob and his groups" if it goes down its the same story.
If someone wants to invest with us and become a member of our groups THEY need to prove that THEY are right for this team.
Only accredited investors are allowed in.
got it?
