Silk Road forums
Market => Product offers => Topic started by: moneytreeinvestments on October 19, 2012, 07:13 pm
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Hi Silk Road,
I’m looking to see if anyone would be interested in a new bitcoin based investment proposal I’ve put together. I've put together a brief summary below which will hopefully answer all and any questions and thought i'd put it out there here to see if there would be enough interest to make this feasible. Anyway, down to details!
I have a long background (10 years plus) in investment and have developed a new product where investors invest directly into a fund with bitcoins. Once I reach the target amount the fund will be closed to investors and I will begin working with the money.
Some of the money will be invested into safe areas. This will generate a small profit which will be used to fund an ‘alternative’ scheme that I will not reveal, firstly, because I don’t want anyone else doing it! And secondly because it isn’t how shall we say - strictly legit (hence the reason for offering it only through BTC!!), it basically takes advantage of a ‘loop hole’ that is makes the scheme VERY profitable.
I have field tested/researched the project and for the last 2 years it would without fail have been able to offer a 20% return on investment every fortnight.
With this in mind I am able to offer prospective investors projected return of between 20-40% per month (I would rather be conservative and under promise/over deliver!) plus their original investment amount back at the end of each 12 month cycle. The amount paid out each month will vary according to that month’s success. So for example if you invest 10 BTC I will be paying you a projected dividend of between 2 and 4 BTC per month and you will receive your 10 BTC stake back at the end of 12 months.
As a hedge to protect investors I will be investing an amount that matches the entire value of the fund into a safe account, which will be used to repay the investors their original investment should anything go wrong. I have other funds running using my own money which are doing very well and if response from this is not good enough then i will put this money towards this but I'm hoping if these initial projects take off I will be able to run many more here and make more from making money for others. I also have a lot of my disposable capital tied up in legit property investments/commodities - I have to have a declarable income as well you see unfortunately! Having those visible to the taxman should make it easier to run these schemes and there is only so much of my own cash i can hide and use for this so need to look at this way of expansion.
The fund lifetime will be 12 months. Anyone wishing to withdraw their investment before the fund is mature must give a month’s notice and will be repaid their original investment minus any dividends they have received. If they have already received dividends in excess of their original investment they will be repaid 50% of their stake if withdrawing before 12 months. I am trying to discourage people from leaving early because i make most of my money/commission towards the end of the 12 month term.
Investors will be provided with a monthly statement showing them how their investment is performing and what payout they have received and what is expected in the following month on the final day of every month.
As I will be putting up the money for the ‘safety net’/hedge I am limiting the amount of each fund to 100 BTC and will initially only be launching 2 funds until I can assess response and investor commitment. The first fund only has 15 BTC still available. Each fund will launch once I have reached 100 BTC worth of investment.
Obviously I will not require names and addresses/proof’s of ID as I would in my day job! However, I do feel it would be irresponsible of me not to put in place some sort of ethical code, as my aim is to make this successful and launch additional funds so that we can all benefit. Therefore, each investor will be asked to agree to something akin to a high net/sophisticated investor agreement (using their SR account name or nickname). Basically stating they understand the project and they are able to afford the investment – haven’t borrowed etc to do it. With this in mind I am setting the maximum investment in each fund at 15 BTC per person. The minimum investment will be 2 BTC.
Investors would also need to provide a BTC address to which they would like dividends to be paid and a single point of contact to which they would like me to address all correspondence.
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This is a fantastic opportunity, which will make people a very good return and provide a nice extra source of BTC every month for users. I understand that the first funds being only 100 BTC and maximum investment in each being only 15 BTC is low but I believe in playing it safe and would rather start slowly, if there is a good take up and everyone Is happy after they receive their first month’s dividends then I will offer larger funds and existing investors will be the first to have the chance to take a larger shareholding.
If anyone has any questions please feel free to PM me or leave replies in this thread. Please bear in mind though I am not going to explain how I am able to do this as I’m sure there are a number of quite capable people reading this who would then go and do it themselves!!!
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Sounds legit
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I'll invest 1000 btc....
Yeah Right!!
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someone already beat you to the bitcoin ponzi scheme but good luck
http://www.ibtimes.co.uk/articles/388782/20120927/bitcoin-savings-trust-sec-investigation-pirate-ponzi.htm
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Do you have a vendors account?
What separates your scheme from Pirteat40's Ponzi scheme? If have a background in Bitcoin investment, you'll know what I'm talking about. (clearweblink) http://www.dailytech.com/Pirateat40+Makes+Off+56M+USD+in+BitCoins+From+Pyramid+Scheme/article25538.htm
I'm sorry if I'm wrong, but I think this is really dodgy, surely if you were accumulating that amount of Bitcoins, the logical thing to do would be to open up a vendors account here, and sell them on, if your acquiring Bitcoins very reasonably due to an alleged loophole, think about the profits you could make here, plus your commission, it could prove to be a very lucrative venture for you.
To me your post sounds like this:
'Once I reach the target amount the fund will be closed to investors and I will begin working with the money'.
=
'Once I reach the target amount the fund will be closed and I will disappear with the money, never to be seen again'.
I'm sure I'm not the only one thinking this! Care to enlighten? :)
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Thanks for the above two replies from princess high and fc422 who actually provide some constructive feedback. This is exactly what i'm looking for at this stage.
I'm aware of the above mentioned BTC scam - can't believe people are still falling for ponzi scams in this day and age!
I wouldn't even look at taking money until i had a vendor account and the purpose of the post was to see if there was a possibility of people being interested. My initial thoughts to get around the problem that you quite rightly say about people assuming it was a ponzi, was to have the reserve/hedge i mentioned and after i've built up a good rep at least some of it -say half, then topped up as i make money clearly visible or verified by an admin as being in my wallet at SR. Obviously there would be a point it would no longer be worth me doing this though if too many got going. For the first couple that way people know if all else fails they get their money back.
Just thinking aloud here so this might not be possible.
Like i say all i want from people at this stage is constructive suggestions as to what they'd need from me to feel secure with investing not like the i'll invest 1000 BTC yeah right ;). It may well be there isn't a way to make it so and it not be easier for me to do it gradually myself.
I welcome any other constructive replies and worries you might have and am even open to suggestions on how it might be ran which would give people confidence.
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If you can do 40% every 2 weeks, start with $500
in one year you have $3,149,915
in two years you have $19,843,937,914
That's slightly below $20 BILLION IN TWO YEARS
If you have such a foolproof method you wouldn't be on here begging for chump change
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Unfortunately there's a limit to how many times it can be done before the loop hole will get closed and there will certainly never be enough funds to come anywhere close to that. Nice thought though.
Also i don't get your maths. The example i gave wasn't cumulative. What i stated was between 20-40% per month projected return to investors with 40% being a best case. Based on 20% the return would be $100 per month, $1200 per year with the original stake returned after that. Even on a 40% best case its $2400 per year.
Even if as soon as i had enough return i put it into additional funds it doesn't get anywhere near the figures you're quoting.
There will be limited timescale to how long i will get away with it before the loophole gets closed hence putting the safety net in place in case i'm wrong and it gets shut down before i anticipate. Also over saturating it with too many funds would definitely put a stop to it and very quickly!
I need to use money that can be hidden from my normal income and only have so much i can justify, i can either go on alone on a smaller scale or try and increase return a little by doing enough to increase my overall return without raising enough alarm bells to shut it down too quickly.