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Bitcoin Investment

Discussion in 'Making Money' started by LogoKing, May 19, 2020.

  1. LogoKing

    LogoKing Registered Member

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    You said check your bank to see what a investment is suppose to look like a 5 percent witch is higher then most bank that 10g profit a year. You mines well buy a house and sell it and make 30-50g
     
  2. ZoroBegins

    ZoroBegins Power Member

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    I didn't read any shits here on other reply's, I'm just telling you this about Bitcoin. Bitcoin going to the most strategist currency in future. If you want to invest on bitcoin don't buy it. If you really want to enter this powerful world, invest in bitcoin trading. when bitcoin goes up you take profit, when bitcoin price goes down you take profit then also. easy as that. read this reply after 15 years from now on. You will be worried if you not taking action about what I said here.
     
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  3. LogoKing

    LogoKing Registered Member

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    Everyone on bhw so rich they cant get out there Ferrari without a mac book falling out hahaha anyways i understand what he said check to see what its "suppose to look like" but there a big dif could be some useful stuff just saying though

    This is the last 3 month bitcoin pricing
     

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    Last edited by a moderator: May 23, 2020 at 1:24 PM
  4. Acrylite

    Acrylite Regular Member

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    This is why some banks have started doing digital banking only, such as Marcus. But even then the current rate they are offering is 1.30% APY. I just simply would not trust anyone who said they can make 2% on my $100 every day consistently.
     
  5. LogoKing

    LogoKing Registered Member

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    .02 percent
     
  6. onlinemarketer12

    onlinemarketer12 Elite Member

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    This is a risky business. Even if you start, start this on a small scale.
     
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  7. Acrylite

    Acrylite Regular Member

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    If you are paying me $2 daily that is 2% interested compounded daily. If I didn't even re-invest my earnings I would get $700 from the year, or a 700% APY. If I was reinvesting daily that number would be much much higher.

    How is anyone supposed to trust someone with no financial experience, no financial background, not even an institutionalized investment instrument, to make over 700 times what the highest rate a historically strong performing bank is offering right now?

    I'm just saying, I work in the financial services industry. Most people would laugh in your face if you told them you could do that consistently.

    Have you talked to any lawyers? I don't even think anyone would approve you for liability insurance if they actually knew what you were doing.
     
    Last edited: May 22, 2020 at 4:17 PM
  8. LogoKing

    LogoKing Registered Member

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    .20 cents a day sir.
    Not compounded.
    173$ a year
    You dont loose intial investment.
    Just google adwords and youtube ads
     
  9. Acrylite

    Acrylite Regular Member

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    That is still 70 times higher than the highest APY currently offered by a digital bank.
     
  10. LogoKing

    LogoKing Registered Member

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    Banks have alot bills.
    This is not a bank.
    Low overhead.

    Maybe ill set a maximum deposit/account holding limit of like 10 grand
     
    Last edited by a moderator: May 23, 2020 at 1:24 PM
  11. Acrylite

    Acrylite Regular Member

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    This is exactly why I am using Digital Banks as a comparison. The only reason that banks started digital banking only was to cut down costs so that they could offer a higher APY to consumers.

    Your costs may be low currently, but if you are even able to get approved for liability insurance that is going to skyrocket as you gain control of more assets. Not to mention, if you actually grow then yes, you should expect to hire account managers and sales people to keep operations flowing smoothly. Costs always grow as a business grows. There is no chance you would be able to be FDIC insured either, which is the number one thing most consumers look at when choosing somewhere to store their money.

    I am assuming you also have a very strong grasp of Cash Flow Statements?
     
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  12. LogoKing

    LogoKing Registered Member

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    Average bank 1 percent inter

    I'll make it so were only reliable for there initial investment. Id rather base a company on trust. This is more meant to be a long term investment. This is why it was a good idea to charge .02 percent withdrawl and with working with other financial institutions to transfer money the 3-5 days so people are not constantly pulling there money out. Thats really not the reason I would want someone to invest money to constantly pull money out.
     
  13. Acrylite

    Acrylite Regular Member

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    I'm just trying to figure out how you would even account for variable interest rates on a cash flow statement. Banks will normally separate it based on the interest rate period, but they are also using ADP method to calculate interest compounding monthly. For this you would probably need to have your cashflow statement split into actual days versus months to really do good accounting.
     
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  14. djayz

    djayz Registered Member

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    Do yourself a favour and stay out of this business. If you really trust in yourself to make money from bitcoin, then go take a loan and invest.
     
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  15. LogoKing

    LogoKing Registered Member

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    I figure I would be able to make more money this way then a bank would give me.
     
  16. Scorpion Ghost

    Scorpion Ghost Jr. VIP Jr. VIP

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    Every time bitcoin drops to around $6k i get an itch in my pants to buy $1.000 worth and the sell the second it crosses $9k. Earn an easy $300.

    Every time i pass on it, and every time before i know it btc is back to $9k+
     
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  17. LogoKing

    LogoKing Registered Member

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    1000 people × 1000$ = 1000000 bucks

    Earn 5 dollars when a friend adds 100$
     
  18. djayz

    djayz Registered Member

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    Thats a lie man. Trading is gamble. What happens when you loose people's money? If you are so good at trading you shouldn't even be opening threads like this. I have seen traders who started with just little and have massive accounts now. You don't need peoples money to be able to trade. That looks like a potential Scam.

    I advice you take a loan from the bank. You cannot Scam the bank cos you will give a collateral.
     
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  19. Panther28

    Panther28 Jr. VIP Jr. VIP

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  20. davids355

    davids355 Moderator Staff Member Moderator Jr. VIP

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    First of all @LogoKing please use multi-quote when making consecutive replies.

    Secondly, are you involved with these guys?

     
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