Discussion in 'Making Money' started by LogoKing, May 19, 2020.
Who knows what can happend since oil dropped below 0 and who was expecting that to happend.
What if some legislation came out making trading bitcoin illegal in a country like the United States? Would drop to near worthless amounts
Buying in small amounts but buying the same thing is not diversifying at all.
lol stop this idea or you will go to jail soon....
How is that?
Well that would be hard considering people that have millions and millions in bitcoin to tell them they are not aloud to have it anymore. What is the United States going to pay them. If something happened like that I would not go to jail the US would have to bail me and most importantly my customers out. Plus the chances of that are slim and good thing the currency is almost anonymous anyways. The US bitcoin is reported as a asset.
Also as I was saying all the stock would not be in bitcoin around 10 percent for trading. If bitcoin goes to a penny ill buy it as much as I can change countries and hold the shit out of it haha
If this is true.. you should not be trading with other people's money.
Making $10 per day on a $10,000 investment is ridiculously low, even if it's using a reliable strategy. If you can only offer someone $1 per day profit on a $1,000 investment in cryptocurrency during one of the highest periods of volatility in years then you need to get a different pass time.
Don't mean to be harsh but you're potentially fucking with a lot of peoples' lives that don't know any better.
I said I make 10 profit a day on the lowest scale. My customers make 20$ divided among them.
2 dollars per 1000.
On a good day I can do much better this is the lowest prediction.
Remember Im trying to keep this as safe as possible.
Im not planning on loosing peoples money.
How long have you been testing your strategy for?
Also, which strategy are you using? (generally speaking, like mean reversion/momentum/algo/arbitrage/mm etc)
Try to figure your usual monthly return, half the amount and offer that to your "investors".
Make the entry point low, like a $50 or $100 per "parts" and work like you're a crypto based mutual fund. Also try to make sure you're a little bit certified so its all legal.
Make sure your customers can withdraw their money anytime, and FAST. Don't ignore them, don't miss any emails, be very communicative.
There's no reason why you can't create a finance company, just make sure to comply with the laws and to be transparent and you'll be fine.
Actually I think you do, you have to give a document with your risk level, where you put the money, etc..
There is nothing wrong with your specialty being crypto, why hide it ?
You're running a custom strategy based on the number Pi?
Returns are not guaranteed – While stocks have historically performed well over the long term, there's no guarantee you'll make money on a stock at any given point in time.
My last name is pi so there for im a genius.
It was more of a bad joke my last name has pi in it.
Ok, well good luck with 3.14 I guess.. remember not to lose a bunch of people money.
There's this thing called Google you may have heard of it. Use it.
Example of contract
Not finished probably pages to consider. What's ypur thoughts of this and what do you think should be added or removed?
(real business not declared yet)
The Investor Group
Terms and Conditions
The Investor Group can expect to uphold your investment.The investment that you provide is considered to be directly for The Investor Group and therefore they have complete control of the your investment. The minimum amount a client must hold with us to have a open account is 100 dollars.
Rates and Tranfers
The ROI is .02 percent a day this rate can
change. If the Rate is changed you will be notified via email. During this time you have three days to take your investment out before the rate is changed. If you decide to kept the rate we sent no reply is required. The interest you gained before the Rate change will not be lost. Also you may take your investment out anytime, the time to process this tranfer may take 3-5 business days for direct deposit(Bank). If the customer uses another payment method such as Paypal,Vemmo, Etc. The payment may be faster.During any transfer the customer will pay a small fee of .02 percent by The Investor Group. The Investor group is not responsible for any additional charges that other financial services may charge. Most financial institutions have no fee or small fees. We are not responsible if your account information to receive funds is incorrect or outdated.
The Investor Group is allowed to hold your investment up to three months a year to protect the The Investor Group and there clients investments. The Investor Group also has the authority to deduct the clients ROI by twenty-five percent during a Recovery Period. The ROI you gained before a Recovery Period will not be lossed.
The Investor Group is allowed to give you your investment back at anytime with your ROI. This is could be due to any reason. During a return you will be notified via email. The email is the time stamp where your investment stops gaining interest.
I never said it is.
The contract sounds really bad, it sounds like you're planning to fuck them over real hard. Try to make a list of things you want to be protect from and the list of things the client want to be protected from, and put that in your terms. Not just all the possible ways you can screw them.
Maybe the hold for 3 months sounds bad but that really incase if an emergency also the .02 percent withdraw I think is fair considering I plan on making that for them each day. And believe me robinhood contract isnt the best ether they just dont place a hold on your money bc they dont care if you loose it. I can come up with a list of what to protect them from though. Even though holding there money is to protect them.
Plus I say minimum amount to hold is 100 bc it bc a pain in the balls to send 100 people back a 1. Also ill rewrite this and post it.
Lastly to people that think im trying to screw them once my website and contract is made thats it. Idc if they dont invest bc they were probably going to be a pain in the ass anyways. Who ever feels like there 100 bucks is that important should not be investing.
If you're aiming 5X ROI per day, all I could recommend is to get a day job.
Robinhood is crap. Check the documents your bank provides when you invest, and you will see what it's supposed to look like.
Best of luck !
Please read the whole post its .02 percent even in the contract I made later said that. Its your investment ÷ by 500 a day interest. Plus when did I ever say 5x? If you read the 500 thats alot more then 5x
Some people on here jump to one part of a post and read it without reading everything else almost like some people here wouldnt even read a contract smh. Haha
I disagree this is nothing like a bank. Banks have to hire millions of people that sit there and barely do anything. There goes your investment.
You're either lost or didn't understand anything I just said. You seem very lost in terms of business and finance for someone who wants to create a company based on that. Maybe you should reconsider your future plans.
Banks buy atms. Cost money. Buy buildings Cost money. Pay everyone Cost money. Give higher interest loans then what they give you for holding your cash with them. This is not a comparable statement.
Separate names with a comma.