the owner said that the last month 50K travelled in and out the ATM
50K what?
Quote
now the owner talked to us and my first question was how can you guarantee that 10% profit each month on the investment?
so it works like transfer money or send BTC, cause he only works in BTC
then he daytrades and guarantee's 10% profit, so if i transfer funds and the month start he trades and makes 50% profit then each client gets 10% profit and the rest is for him the company etc, when the month end with loss or no 10% profit then he pays it from the company out.... i asked him what if i'm a big player and send you a big amount of BTC/fiat ... and your not able to give me mine 10% ? he said i don't accept anyone that i can't cover .... as strange as it is it seems a bit of legit thing right there ....
and if the company goes bad and he's company funds runs dry and can't cover the 10% profit anymore he would send everyone a mail and stop the collaboration with he's clients, every month everybody could make his decisions of staying in or going out, so no long term commitments
so it works like transfer money or send BTC, cause he only works in BTC
then he daytrades and guarantee's 10% profit, so if i transfer funds and the month start he trades and makes 50% profit then each client gets 10% profit and the rest is for him the company etc, when the month end with loss or no 10% profit then he pays it from the company out.... i asked him what if i'm a big player and send you a big amount of BTC/fiat ... and your not able to give me mine 10% ? he said i don't accept anyone that i can't cover .... as strange as it is it seems a bit of legit thing right there ....
and if the company goes bad and he's company funds runs dry and can't cover the 10% profit anymore he would send everyone a mail and stop the collaboration with he's clients, every month everybody could make his decisions of staying in or going out, so no long term commitments
Unless you have full visibility into all the positions he is taking, then this is indistinguishable from First Pirate Bitcoin Savings and Trust. Tread very carefully. May be ponzi.
I am going to bring them a visit in the next days. Although they have a brick and mortar shop, nothing to find in our MinFin databases, so it can be a facade for another entity. Because I also could not find a VAT number or enterprise number. And the name in the proposed contract on their website for now only returns some retired Dutch veolia employee... .
So yes, at least the trading your money part is a bit flimsy... .