Business Investment In Cryptos/ User Interface Is A Game

[ukanonymous]

I have created an investment plan which can start from 20 pounds and return 1000 after 6 months. From 300 pounds you can get back 30k after 6 months. This is based on cryptocurrencies but also backed up by a game.

How likely are people to part with their cash based on cryptocurrencies. I am sure that people know nothing about them that is why I ask. The people who do know something about them are more likely to sign up.

Your initial thoughts please peeps

[factor-fiction]

If it's anything like bit coins then I don't think I'll ever understand how it will work but I am pretty sure that investments like this will suddenly collapse as there is no logic to the huge increases in value as far as I can see.

[IggyB]

Are you looking for investors to give you money to trade on cryptocurrencies or to fund the launch of a game... Not clear from your post what your product or service is. I would suggest that people who want to trade in cryptocurrency will be put off by a game and people who might be interested in the game will be put off by the cryptocurrency.

[IggyB]

Currency has value for as long as people believe in it, there is no more or less logic in cryptocurrency than there is in pounds and pence... Both are made up and hold no actual intrinsic value beyond points on a spreadsheet. Traditional currency will win out though because it has more history, institutions, controls and respect so is much easier to believe in long term. Something will happen and the cryptocurrency market will collapse (but no govt Bitcoin bailout will be forthcoming) but until then a volatile market means the opportunity to profit.

[factor-fiction]

>Currency has value for as long as people believe in it. There is no chance that major international currencies such as the pound, dollar or euro would ever collapse whereas as you say there is no reason at the moment for anyone to come to the aid of cryptocurrencies if there is a sudden loss of confidence.
Last I heard the price of bit coins was falling again but the collapse I expected hasn't happened yet so maybe we all misunderstand the concept

[buildersmate]

There are always gullible people around who will fail to think that if a deal is too good to be true than normally it is. It's merely a question of identifying targets and relentlessly pursuing them.

[twix123]

Other than this could possibly be a 'Ponzi' scheme, have you considered the possibility that you may need to be authorised by either the Financial Conduct Authority / Prudential Regulation Authority, especially if you wish to call your scheme an Investment Plan?

[ukanonymous]

Funnily enough a lot of people call bit coin a ' Ponzie Scheme' I have a mini game on my site too called 'The Ponz' that is a super hero that flies through the air eating bit coins and other crypto currencies. Also as crypto currency is not legal tender in the UK I currently do not need anything. I would be liable for fraud however if I did start taking peoples money. This is not my intention.

The main game itself is based on placing eggs on tables which can be multiplied and then cashed in for bit coins but at the same time the actual game is contributing towards the awareness of new cryptos. It certainly isn't a ponzi scheme in the slightest I as the owner of the site merely take small % of peoples bit coin. Not a ponzie scheme at all its all clear and transparent and you know where your bit coins are at any one time and can cash out when ever you want.

[IggyB]

Sorry I am still no clearer what you are actually seeking investment in then.

Your predicted returns are huge, that would tend to rule most people out of investing in (whatever it is) as it seems so unlikely. If you are able to make these returns why do you need an investor, if the answer is you can't make any returns without considerable financial input first then you may be over valuing your idea (asking investor to take all the risk)

[ukanonymous]

Hi yes it sounds too good to be true but think of it like this. One time you could buy a pizza for 1000 bitcoin. Now 1000 bit coin would be worth £300,000. This is the same principle with other crypto currencies they start from zero and can go up to £1 or £100 etc etc.

I have created a new crypto that is based on the fluctuations of other crypto currencies. This new crypto guarantees the returns from the investment. The figures may seam too good to be true but I was actually being very modest when I worked them out.

I have already sold 20% of the game for 20k and I would be prepared to sell 10% go to someone else if they can help out with moderation etc.

But mainly I just wanted your thoughts on putting 1 bitcoin (£300) into an investment into crypto currencies. As people on here don't know much about them I am just interested what you think. People in the crypto currency community are all for it. I have approx 100 bitcoins from people who have pre paid for in game credits. 1 Person put in 30 Bitcoins and my 20 Bitcoins will be going straight into the game :)

The game which is the user panel for the investment is based on eggs its a shame it couldn't be ready for easter. Should be ready in a few weeks however

[ukanonymous]

One thing I forgot to mention too. The crypto the gamer is backed up with has been designed to bring help in moments of natural disaster and help people through ought the world. So by playing the game not only are you getting a fantastic return you are helping people at the same time. And for all the people who think is a ponzi scheme it isn't. Its an innovative new concept that is designed to be fun, an investment and also to help people in worse situations than ourselves.

[New Judge]

Did you ever hear of the ""South Sea Bubble", uka?

Your scheme seems to have similar sustainability.

[factor-fiction]

Your examples show increase but what happens when there is a loss of confidence or a realisation that it's a bubble and prices plummet?
As you can see, it's not my kind of investmement

[Baldric]

Is Russell Brand involved?

[ukanonymous]

Cryptos are the same as any other commodity. I can not see a bubble will happen in the slightest. Its a long term investment. Not get in quick before the bubble bursts. I guess you need to have a good understanding of crypto currencies to embark on something like this

[factor-fiction]

^ and money you can afford to lose

[ukanonymous]

ermmmm ok you failed to realise something here. 0.0000000001 into 0.01 makes an amazing return right? No one is losing anything as its in the hands of passionate people. The people who are managing my new crypto are it experts who want to do good in the world. Compared to the bank managers who earn 30k per year but get 100-200k on bonuses based on how much they lend then I know where I would keep my money hon :) You keep the banks to yourself. I keep 30% cryptos, 30% FIAT and 30% silver. How about you? All your money in the bank lol?

[Graham-W]

You can fool some of the people all of the time, and all of the people some of the time, but you can't fool all [i of the people [i] all ] of the time.

[ukanonymous]

Graham. Your comments are stupid. I m not trying to FOOL anyone. The reason I asked on a non crypto forum was to get peoples ideas. But from all the answers on here I do now have an understanding of how old people perceive cryptos. I should not target old people only people who understand cryptos :) thanks very much :)

[ukanonymous]

Just so you know I am 25 and I earn between 4 - 15 k per month in my line of work. What I am doing now is to help the world not put up with morons lol :)