BTM FOUNDATION - is the new generation hybrid profitable investment fund
Modern economic environment, being forced by the total digitalization of all segments of business, challenges new investment approaches. Traditional evaluation models like DCF do not work. Businesses are being evaluated by very different approaches, such as real option evaluation approach, Merton formula, using stochastic Wiener processes towards evaluation. Sometimes we observe irrational investors’ behavior, when they evaluate perspectives of some businesses: shares of many new wave companies are flying tothemoon without any rational explanations of their business models. Due to traditional evaluation methods such companies must have negative shares price! What we must learn from this experience, is that our world has changed dramatically. Zero discount rates by the central banks and infinite liquidity lead to negative bank deposit rates: you need to pay money just to keep it safe! Due to asymmetric information on the financial markets, non professional investors usually make adverse selection: they invest their funds into big long run scam projects, pretending to be big fair businesses. Theranos, Nikola, SKYWAY, Softbank, ONECOIN, BitClub and many others are among Bernard Madoff like financial pyramids pretending to be serious businesses. Due to informational hype all around, it is very hard to make a right choice of investment. New hype trains, like crypto, blockchain, artificial intelligence today looks like toy for geeks, but not for serious investors. Inflows of «stupid money» arrive to all those wealth redistribution factories and transform to lambos, yachts, cocaine and booze for hipsters, while investors just get useless shitcoins and dreams of a new «unicorn». Everyone wishes to catch up a new next APPLE or MicroSoft at an early stage. Same story happened several years ago when we were observing big previous bubble called «dotcom bubble». Only several companies survived, others sunk with tons of investors’ money. LETS STOP IT! INVESTORS MUST EARN! There are many money earning opportunities around, both overhyped, like crypto, blockchain, artificial intelligence, DEFI, as well as more conservative, but still very profitable, like intellectual garbage recycling or production of intellectual power supply units. Our mission at BTM fund is to connect smart money with profitable businesses, seeking for the blood - strategic funding from smart investors, for whom they gonna bring good stable profits! BTM fund is the hybrid new generation investment fund, which is created by high level professionals with many years experience and proven track record on the stock and currency market, forex, cryptocurrency market and traditional investment business. BTM headquarters is located in London, also there are representative offices in Moscow and Kiev. Also we are planning to open offices in Dubai, Istanbul, New York, Kazakhstan and Uzbekistan. Against the background of impending global economic crisis, which is well seasoned by the Major Brand of the Year 2019 - 2020 - COVID19, there is no safe heaven any more. All stock markets and financial indexes are on their tops, obviously we are observing big financial bubble, which can burst any time. Astronomical figures of the USA state debt and many other emerging economies lead to soft monetary policy: there is much cheap money, but no good investment opportunities, which can create added value. Flexible solutions of hybrid investment fund BTM provide its clients to manage their funds efficiently. The key unique feature of our investment fund is instant diversification of investment programmes. «Let the profit leak and cut the losses» - this is the core principle of our investment strategy. Our professional financial managers do always have a finger on the pulse of modern trend in the investment environment. Today we are surfing on the hype waves of defi, crypto, blockchain, AI, and tomorrow we reallocate assets into top American stocks, gold, bonds, cash, or invest into high yielding real busin #cryptofound#blockchainfound#btm#btmfoundation#btmfound#криптофонд#блокчейнфонд#пассивныйдоход#инвестиции#интернетзаработок
Just 2 more Conspiracy Theories that turned out to be True
(i couldn't post in the previous one , word limit )
1.Big Brother or the Shadow Government
It is also called the “Deep State” by Peter Dale Scott, a professor at the University of California, Berkeley. A shadow government is a "government-in-waiting" that remains in waiting with the intention of taking control of a government in response to some event. It turned out this was true on 9/11, when it was told to us by our mainstream media. For years, this was ridiculed as a silly, crazy conspiracy theory and, like the others listed here, turned out to be 100% true. It is also called the Continuity of Government. The Continuity of Government (COG) is the principle of establishing defined procedures that allow a government to continue its essential operations in case of nuclear war or other catastrophic event. Since the end of the cold war, the policies and procedures for the COG have been altered according to realistic threats of that time. These include but are not limited to a possible coup or overthrow by right wing terrorist groups, a terrorist attack in general, an assassination, and so on. Believe it or not the COG has been in effect since 2001.After 9/11, it went into action. Now here is the kicker, many of the figures in Iran Contra, the Watergate Scandal, the alleged conspiracy to assassinate Kennedy, and many others listed here are indeed members of the COG. This is its own conspiracy as well.
The CIA and Its Allies in Control of the United States and the World is a book written by Air Force Col. L Fletcher Prouty, published in 1973. From 1955 to 1963 Prouty was the "Focal Point Officer" for contacts between the CIA and the Pentagon on matters relating to military support for "black operations" but he was not assigned to the CIA and was not bound by any oath of secrecy. (From the first page of the 1974 Printing) It was one of the first tell-all books about the inner workings of the CIA and was an important influence on the Oliver Stone movie JFK. But the main thrust of the book is how the CIA started as a think tank to analyze intelligence gathered from military sources but has grown to the monster it has become. The CIA had no authority to run their own agents or to carry out covert operations but they quickly did both and much more. This book tells about things they actually did and a lot about how the operate. In Prouty's own words, from the 1997 edition of The Secret Team: This is the fundamental game of the Secret Team. They have this power because they control secrecy and secret intelligence and because they have the ability to take advantage of the most modern communications system in the world, of global transportation systems, of quantities of weapons of all kinds, and when needed, the full support of a world-wide U.S. military supporting base structure. They can use the finest intelligence system in the world, and most importantly, they have been able to operate under the canopy of an assumed, ever-present enemy called "Communism." It will be interesting to see what "enemy" develops in the years ahead. It appears that "UFO's and Aliens" are being primed to fulfill that role for the future. To top all of this, there is the fact that the CIA, itself, has assumed the right to generate and direct secret operations. "He is not the first to allege that UFOs and Aliens are going to be used as a threat against the world to globalize the planet under One government."
The Report from Iron Mountain
The Report from Iron Mountain is a book, published in 1967 (during the Johnson Administration) by Dial Press, that states that it is the report of a government panel. According to the report, a 15-member panel, called the Special Study Group, was set up in 1963 to examine what problems would occur if the U.S. entered a state of lasting peace. They met at an underground nuclear bunker called Iron Mountain (as well as other, worldwide locations) and worked over the next two years. Iron Mountain is where the government has stored the flight 93 evidence from 9/11.A member of the panel, one "John Doe", a professor at a college in the Midwest, decided to release the report to the public. The heavily footnoted report concluded that peace was not in the interest of a stable society, that even if lasting peace, "could be achieved, it would almost certainly not be in the best interests of society to achieve it." War was a part of the economy. Therefore, it was necessary to conceive a state of war for a stable economy. The government, the group theorized, would not exist without war, and nation states existed in order to wage war. War also served a vital function of diverting collective aggression. They recommended that bodies be created to emulate the economic functions of war. They also recommended "blood games" and that the government create alternative foes that would scare the people with reports of alien life-forms and out of control pollution. Another proposal was the reinstitution of slavery. U.S. News and World Report claimed in its November 20, 1967 issue to have confirmation of the reality of the report from an unnamed government official, who added that when President Johnson read the report, he 'hit the roof' and ordered it to be suppressed for all time. Additionally, sources were said to have revealed that orders were sent to U.S. embassies, instructing them to emphasize that the book had no relation to U.S. Government policy. Project Blue Beam is also a common conspiracy theory that alleges that a faked alien landing would be used as a means of scaring the public into whatever global system is suggested. Some researchers suggest the Report from Iron Mountain might be fabricated, others swear it is real. Bill Moyers, the American journalist and public commentator, has served as White House Press Secretary in the United States President Lyndon B. Johnson Administration from 1965 to 1967. He worked as a news commentator on television for ten years. Moyers has had an extensive involvement with public television, producing documentaries and news journal programs. He has won numerous awards and honorary degrees. He has become well known as a trenchant critic of the U.S. media. Since 1990, Moyers has been President of the Schumann Center for Media and Democracy. He is considered by many to be a very credible outlet for the truth. He released a documentary titled, The Secret Government, which exposed the inner workings of a secret government much more vast that most people would ever imagine. Though originally broadcast in 1987, it is even more relevant today. Interviews with respected top military, intelligence, and government insiders reveal both the history and secret objectives of powerful groups in the hidden shadows of our government. Here is that documentary: vid For another powerful, highly revealing documentary on the manipulations of the secret government produced by BBC, click here. The intrepid BBC team clearly shows how the War on Terror is largely a fabrication. For those interested in very detailed information on the composition of the shadow or secret government from a less well-known source, take a look at the summary available here.
2. The Federal Reserve Bank
The fundamental promise of a central bank like the Federal Reserve is economic stability. The theory is that manipulating the value of the currency allows financial booms to go higher, and crashes to be more mild. If growth becomes speculative and unsustainable, the central bank can make the price of money go up and force some deleveraging of risky investments - again, promising to make the crashes more mild. The period leading up to the American revolution was characterized by increasingly authoritarian legislation from England. Acts passed in 1764 had a particularly harsh effect on the previously robust colonial economy. The Sugar Act was in effect a tax cut on easily smuggled molasses, and a new tax on commodities that England more directly controlled trade over. The navy would be used in increased capacity to enforce trade laws and collect duties. Perhaps even more significant than the militarization and expansion of taxes was the Currency Act passed later in the year 1764.
"The colonies suffered a constant shortage of currency with which to conduct trade. There were no gold or silver mines and currency could only be obtained through trade as regulated by Great Britain. Many of the colonies felt no alternative to printing their own paper money in the form of Bills of Credit."
The result was a true free market of currency - each bank competed, exchange rates fluctuated wildly, and merchants were hesitant to accept these notes as payment. Of course, they didn't have 24-hour digital Forex markets, but I'll hold off opinions on the viability of unregulated currency for another time. England's response was to seize control of the colonial money supply - forbidding banks, cities, and colony governments from printing their own. This law, passed so soon after the Sugar Act, started to really bring revolutionary tension inside the colonies to a higher level. American bankers had learned early on that debasing a currency through inflation is a helpful way to pay off perpetual trade deficits - but Britain proved that the buyer of the currency would only take the deal for so long... Following the (first) American Revolution, the "First Bank of the United States" was chartered to pay off collective war debts, and effectively distribute the cost of the revolution proportionately throughout all of the states. Although the bank had vocal and harsh skeptics, it only controlled about 20% of the nation's money supply. Compared to today's central bank, it was nothing. Thomas Jefferson argued vocally against the institution of the bank, mostly citing constitutional concerns and the limitations of government found in the 10th amendment. There was one additional quote that hints at the deeper structural flaw of a central bank in a supposedly free capitalist economy.
"The existing banks will, without a doubt, enter into arrangements for lending their agency, and the more favorable, as there will be a competition among them for it; whereas the bill delivers us up bound to the national bank, who are free to refuse all arrangement, but on their own terms, and the public not free, on such refusal, to employ any other bank" –Thomas Jefferson.Basically, the existing banks will fight over gaining favor with the central bank - rather than improving their performance relative to a free market.
The profit margins associated with collusion would obviously outweigh the potential profits gained from legitimate business. The Second Bank of the United States was passed five years after the first bank's charter expired. An early enemy of central banking, President James Madison, was looking for a way to stabilize the currency in 1816. This bank was also quite temporary - it would only stay in operation until 1833 when President Andrew Jackson would end federal deposits at the institution. The charter expired in 1836 and the private corporation was bankrupt and liquidated by 1841.While the South had been the major opponent of central banking systems, the end of the Civil War allowed for (and also made necessary) the system of national banks that would dominate the next fifty years. The Office of the Comptroller of the Currency (OCC) says that this post-war period of a unified national currency and system of national banks "worked well."  Taxes on state banks were imposed to encourage people to use the national banks - but liquidity problems persisted as the money supply did not match the economic cycles. Overall, the American economy continued to grow faster than Europe, but the period did not bring economic stability by any stretch of the imagination. Several panics and runs on the bank - and it became a fact of life under this system of competing nationalized banks. In 1873, 1893, 1901, and 1907 significant panics caused a series of bank failures. The new system wasn't stable at all, in fact, many suspected it was wrought with fraud and manipulation. The Federal Reserve Bank of Minneapolis is not shy about attributing the causes of the Panic of 1907 to financial manipulation from the existing banking establishment.
"If Knickerbocker Trust would falter, then Congress and the public would lose faith in all trust companies and banks would stand to gain, the bankers reasoned."
In timing with natural economic cycles, major banks including J.P. Morgan and Chase launched an all-out assault on Heinze's Knickerbocker Trust. Financial institutions on the inside started silently selling off assets in the competitor, and headlines about a few bad loans started making top spots in the newspapers. The run on Knickerbocker turned into a general panic - and the Federal Government would come to the rescue of its privately owned "National Banks.
"During the Panic of 1907, "Depositors 'run' on the Knickerbocker Bank. J.P. Morgan and James Stillman of First National City Bank (Citibank) act as a "central bank," providing liquidity ... [to stop the bank run] President Theodore Roosevelt provides Morgan with $25 million in government funds ... to control the panic. Morgan, acting as a one-man central bank, decides which firms will fail and which firms will survive."
How did JP Morgan get so powerful that the government would provide them with funding to increase their power? They had key influence with positions inside the Administrations. They had senators, congressmen, lobbyists, media moguls all working for them. In 1886, a group of millionaires purchased Jekyll Island and converted it into a winter retreat and hunting ground, the USA's most exclusive club. By 1900, the club's roster represented 1/6th of the world's wealth. Names like Astor, Vanderbilt, Morgan, Pulitzer and Gould filled the club's register. Non- members, regardless of stature, were not allowed. Dignitaries like Winston Churchill and President McKinley were refused admission. In 1908, the year after a national money panic purportedly created by J. P. Morgan, Congress established, in 1908, a National Monetary Authority. In 1910 another, more secretive, group was formed consisting of the chiefs of major corporations and banks in this country. The group left secretly by rail from Hoboken, New Jersey, and traveled anonymously to the hunting lodge on Jekyll Island. In fact, the Clubhouse/hotel on the island has two conference rooms named for the "Federal Reserve." The meeting was so secret that none referred to the other by his last name. Why the need for secrecy? Frank Vanderlip wrote later in the Saturday Evening Post,
"...it would have been fatal to Senator Aldrich's plan to have it known that he was calling on anybody from Wall Street to help him in preparing his bill...I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System."
At Jekyll Island, the true draftsman for the Federal Reserve was Paul Warburg. The plan was simple. The new central bank could not be called a central bank because America did not want one, so it had to be given a deceptive name. Ostensibly, the bank was to be controlled by Congress, but a majority of its members were to be selected by the private banks that would own its stock. To keep the public from thinking that the Federal Reserve would be controlled from New York, a system of twelve regional banks was designed. Given the concentration of money and credit in New York, the Federal Reserve Bank of New York controlled the system, making the regional concept initially nothing but a ruse. The board and chairman were to be selected by the President, but in the words of Colonel Edward House, the board would serve such a term as to "put them out of the power of the President." The power over the creation of money was to be taken from the people and placed in the hands of private bankers who could expand or contract credit as they felt best suited their needs. Why the opposition to a central bank? Americans at the time knew of the destruction to the economy the European central banks had caused to their respective countries and to countries who became their debtors. They saw the large- scale government deficit spending and debt creation that occurred in Europe. But European financial moguls didn't rest until the New World was within their orbit. In 1902, Paul Warburg, a friend and associate of the Rothschilds and an expert on European central banking, came to this country as a partner in Kuhn, Loeb and Company. He married the daughter of Solomon Loeb, one of the founders of the firm. The head of Kuhn, Loeb was Jacob Schiff, whose gift of $20 million in gold to the struggling Russian communists in 1917 no doubt saved their revolution. The Fed controls the banking system in the USA, not the Congress nor the people indirectly (as the Constitution dictates). The U.S. central bank strategy is a product of European banking interests. Government interventionists got their wish in 1913 with the Federal Reserve (and income tax amendment). Just in time, too, because the nation needed a new source of unlimited cash to finance both sides of WW1 and eventually our own entry to the war. After the war, with both sides owing us debt through the federal reserve backed banks, the center of finance moved from London to New York. But did the Federal Reserve reign in the money trusts and interlocking directorates? Not by a long shot. If anything, the Federal Reserve granted new powers to the National Banks by permitting overseas branches and new types of banking services. The greatest gift to the bankers, was a virtually unlimited supply of loans when they experience liquidity problems. From the early 1920s to 1929, the monetary supply expanded at a rapid pace and the nation experienced wild economic growth. Curiously, however, the number of banks started to decline for the first time in American history. Toward the end of the period, speculation and loose money had propelled asset and equity prices to unreal levels. The stock market crashed, and as the banks struggled with liquidity problems, the Federal Reserve actually cut the money supply. Without a doubt, this is the greatest financial panic and economic collapse in American history - and it never could have happened on this scale without the Fed's intervention. The number of banks crashed and a few of the old robber barons' banks managed to swoop in and grab up thousands of competitors for pennies on the dollar. See:
I was going through old emails today and came across this one I sent out to family on January 4, 2018. It was a reflection on the 2017 crypto bull market and where I saw it heading, as well as some general advice on crypto, investment, and being safe about how you handle yourself in cryptoland. I feel that we are on the cusp of a new bull market right now, so I thought that I would put this out for at least a few people to see *before* the next bull run, not after. While the details have changed, I don't see a thing in this email that I fundamentally wouldn't say again, although I'd also probably insist that people get a Yubikey and use that for all 2FA where it is supported. Happy reading, and sorry for some of the formatting weirdness -- I cleaned it up pretty well from the original email formatting, but I love lists and indents and Reddit has limitations... :-/ Also, don't laught at my token picks from January 2018! It was a long time ago and (luckliy) I took my own advice about moving a bunch into USD shortly after I sent this. I didn't hit the top, and I came back in too early in the summer of 2018, but I got lucky in many respects. ----------------------------------------------------------------------- Jan-4, 2018 Hey all! I woke up this morning to ETH at a solid $1000 and decided to put some thoughts together on what I think crypto has done and what I think it will do. *******, if you could share this to your kids I’d appreciate it -- I don’t have e-mail addresses, and it’s a bit unwieldy for FB Messenger… Hopefully they’ll at least find it thought-provoking. If not, they can use it as further evidence that I’m a nutjob. 😉 Some history before I head into the future. I first mined some BTC in 2011 or 2012 (Can’t remember exactly, but it was around the Christmas holidays when I started because I had time off from work to get it set up and running.) I kept it up through the start of summer in 2012, but stopped because it made my PC run hot and as it was no longer winter, ********** didn’t appreciate the sound of the fans blowing that hot air into the room any more. I’ve always said that the first BTC I mined was at $1, but looking back at it now, that’s not true – It was around $2. Here’s a link to BTC price history. In the summer of 2013 I got a new PC and moved my programs and files over before scrapping the old one. I hadn’t touched my BTC mining folder for a year then, and I didn’t even think about salvaging those wallet files. They are now gone forever, including the 9-10BTC that were in them. While I can intellectually justify the loss, it was sloppy and underlines a key thing about cryptocurrency that I believe will limit its widespread adoption by the general public until it is addressed and solved: In cryptoland, you are your own bank, and if you lose your password or account number, there is no person or organization that can help you reset it so that you can get access back. Your money is gone forever. On April 12, 2014 I bought my first BTC through Coinbase. BTC had spiked to $1000 and been in the news, at least in Japan. This made me remember my old wallet and freak out for a couple of months trying to find it and reclaim the coins. I then FOMO’d (Fear Of Missing Out”) and bought $100 worth of BTC. I was actually very lucky in my timing and bought at around $430. Even so, except for a brief 50% swing up almost immediately afterwards that made me check prices 5 times a day, BTC fell below my purchase price by the end of September and I didn’t get back to even until the end of 2015. In May 2015 I bought my first ETH at around $1. I sent some guy on bitcointalk ~$100 worth of BTC and he sent me 100 ETH – all on trust because the amounts were small and this was a small group of people. BTC was down in the $250 range at that point, so I had lost 30-40% of my initial investment. This was of the $100 invested, so not that much in real terms, but huge in percentages. It also meant that I had to buy another $100 of BTC on Coinbase to send to this guy. A few months after I purchased my ETH, BTC had doubled and ETH had gone down to $0.50, halving the value of my ETH holdings. I was even on the first BTC purchase finally, but was now down 50% on the ETH I had bought. The good news was that this made me start to look at things more seriously. Where I had skimmed white papers and gotten a superficial understanding of the technology before FOMO’ing, I started to act as an investor, not a speculator. Let me define how I see those two different types of activity:
Investors buy because the price is less than the value they see in the investment. Speculators buy because they think that someone will pay more in the future than they are paying now.
Investors trade on information (The white paper was really well-written, had a clear technical advantage over other alternatives, and addresses a need that I can understand and value.) Speculators trade on sentiment. (Buy the rumor! Sell the news!)
Investors usually look at the investment and themselves and can describe why they purchase in those terms (ABC-Coin provides (service) that isn’t addressed yet and matches (requirements) for an investment.) Speculators usually describe why they bought something in terms of how other people think (I think that other people think that the price will rise, so I want to get ahead of that.)
Investors don’t necessarily check the price every day. The can, and very often I do, but it isn’t required because fundamentals don’t often change on a dime. Speculators need to be glued to a price feed, because sentiment very often changes on a dime.
Investors like ideas, people, business plans, and market opportunities. Good ones are like Spock. Speculators like trends. They are tribal.
Investors have a longer time horizon than speculators. In cryptoland, the notion of a “longer” time horizon is still laughably small (months) compared to traditional markets, but it certainly isn’t weeks or days or hours, which is whre speculators often live.
So what has been my experience as an investor? After sitting out the rest of 2015 because I needed to understand the market better, I bought into ETH quite heavily, with my initial big purchases being in March-April of 2016. Those purchases were in the $11-$14 range. ETH, of course, dropped immediately to under $10, then came back and bounced around my purchase range for a while until December of 2016, when I purchased a lot more at around $8. I also purchased my first ICO in August of 2016, HEAT. I bought 25ETH worth. Those tokens are now worth about half of their ICO price, so about 12.5ETH or $12500 instead of the $25000 they would be worth if I had just kept ETH. There are some other things with HEAT that mean I’ve done quite a bit better than those numbers would suggest, but the fact is that the single best thing I could have done is to hold ETH and not spend the effort/time/cost of working with HEAT. That holds true for about every top-25 token on the market when compared to ETH. It certainly holds true for the many, many tokens I tried to trade in Q1-Q2 of 2017. In almost every single case I would have done better and slept better had I just held ETH instead of trying to be smarter than Mr. Market. But, I made money on all of them except one because the crypto market went up more in USD terms than any individual coin went down in ETH or BTC terms. This underlines something that I read somewhere and that I take to heart: A rising market makes everyone seem like a genius. A monkey throwing darts at a list of the top 100 cryptocurrencies last year would have doubled his money. Here’s a chart from September that shows 2017 year-to-date returns for the top 10 cryptocurrencies, and all of them went up a *lot* more between then and December. A monkey throwing darts at this list there would have quintupled his money. When evaluating performance, then, you have to beat the monkey, and preferably you should try to beat a Wall Street monkey. I couldn’t, so I stopped trying around July 2017. My benchmark was the BLX, a DAA (Digital Asset Array – think fund like a Fidelity fund) created by ICONOMI. I wasn’t even close to beating the BLX returns, so I did several things.
I went from holding about 25 different tokens to holding 10 now. More on that in a bit.
I used those funds to buy ETH and BLX. ETH has done crazy-good since then and BLX has beaten BTC handily, although it hasn’t done as well as ETH.
I used some of those funds to set up an arbitrage operation.
The arbitrage operation is why I kept the 11 tokens that I have now. All but a couple are used in an ETH/token pair for arbitrage, and each one of them except for one special case is part of BLX. Why did I do that? I did that because ICONOMI did a better job of picking long-term holds than I did, and in arbitrage the only speculative thing you must do is pick the pairs to trade. My pairs are (No particular order):
I also hold PLU, PLBT, and ART. These two are multi-year holds for me. I have not purchased BTC once since my initial $200, except for a few cases where BTC was the only way to go to/from an altcoin that didn’t trade against ETH yet. Right now I hold about the same 0.3BTC that I held after my first $100 purchase, so I don’t really count it. Looking forward to this year, I am positioning myself as follows:
ETH will still be my core holding. It is the “deepest in the stack” crypto investment that I have. “Deep in the stack” is a programming term that gets at the idea that most software is built on other software. If you just think about your notebook, you have your OS, and programs run on that. But even inside the OS there is a stack. The bottom of your stack is the kernel, and on top of that are the drivers, protocols, and other layers that allow the programs to talk to the OS, the hard drive, the screen, the mouse, your printer, etc. You can change your mouse or printer easily. Changing things deeper in the stack becomes harder and harder. ETH is deep in the crypto stack, so is very hard to dislodge – Around 60 of the top 100 cryptocurrencies by market cap run on top of Ethereum, so getting rid of Ethereum is something that would take a long time to do.
DNT, QTUM, ZRX, and OMG are all, to varying degrees, “deep in the stack” tokens that, once established, will be very hard to dislodge.
That said, I am peeling away some of my holdings into USD right now, because big changes are afoot and they are going to cause market disruptions. I’m going to come right out and admit that this is speculative, but I’m also going to back it up with some non-speculative facts.
The SEC has been sending out hundreds of subpoenas to cryptocurrency organizations over the past 3-4 months. These subpoenas are simply asking for information and nobody has been charged with any crimes or misdoings, but it is clear that the SEC is getting together information so that they can begin to regulate cryptoland. When that happens, other countries will follow, and that means:
Some tokens will be deemed outright scams and people will be prosecuted.
Some tokens will be deemed securities and will be regulated.
Some tokens will not be deemed scams or securities and will continue as they have.
Looking at this, it is clear to me that the tokens that escape prosecution and regulation should do better, but the short-term impact will be brutal and ugly. It would not surprise me at all to see a 50% drop in overall market cap within Q1-Q2, with Q1 being more likely.
Cryptoland has always been a bit nuts, but it is more nuts now than I have ever seen it. Back in 2011-2014 it was a freaks-n-geeks show where people were all about the technology and I would sit around for a 3-day weekend installing a *nix VM on my Windows machine so that I could compile the most recent source and run a CUDA SHA-256 routine rather than thrash my CPU. If that doesn’t make sense to you, you wouldn’t have even thought about being involved.
Now, people see Bitcoin advertisements in their Facebook feed and think “I gotta get on the BTC train!” before going to Coinbase and buying some with a credit card. They don’t know anything about crypto, and they are getting eaten alive – It is no coincidence that BTC peaked after the Thanksgiving holidays when people sat around the table and Janice got Uncle Mike and Cousin Bob all excited as she talked about going to Cancun for Christmas because of her crypto winnings. Huge amounts of fiat got transferred from newbies to BTC whales during this period, and once the whales were done, BTC had dropped from $20,000 to $12,000. It’s now back at $15,000, but for people who bought at a higher level, this sucks. As a result many have moved from BTC to ETH, with the single biggest money flow in crypto in December being the BTC à ETH flow. As a result, it’s no coincidence that ETH is at all-time highs now. The thing is, though, that even most people that moved from BTC to ETH really have no idea what they are doing. They are acting on buzzwords and emotion. They are speculators and are going to get crushed.
The stock market is quite high right now, but people are starting to worry that it is too high and that we are going to enter into a period of inflation again. This has caused gold to go up a lot the last quarter and is likely also responsible a bit for the rise in cryptos. If this view is correct, then cryptos stay stronger than if that pressure wasn’t there. If wrong, then cryptos will swing down as money exits cryptoland for more traditional markets.
I am spending most of my time and money on the arbitrage effort. The nice thing about arbitrage is that it works as the markets go up, and it works as the markets go down. When markets are too volatile, however, arbitrage can get very messy and dangerous, with each trade generating a loss instead of a profit, so I am working right now to tune the algorithms to take into account rate-of-change and add in some circuit breaker triggers. Once this is done I will expand those operations.
I am getting much more serious about systems security.
I have a Nano Ledger and recommend that anyone with >$1000 of crypto have one. The Trezor is also supposed to be good, but I haven’t used it.
I will set up a dedicated *nix notebook that is used for nothing except my crypto work. All it takes is one keylogger to get on your PC/Mac and your crypto is gone. What is on your Nano Ledger will be OK, but they will sweep out your exchange account or Coinbase account faster than you can type. A standard Linux installation with Chrome and nothing else is as about as secure as you can get in the civilian world.
If you don’t use LastPass or a similar password manager yet, you need to do that. Your password to LastPass should be at least 16 characters long and should not have a recognizable English word in it. If you think that “Iluvu4evah” is a secure password, you’re wrong.
Hackers know that “4”=”for” and “u”=”you”. Writing a script to substitute those in is trivial if they want to write the script, but it’s much easier for them to download one of the many, many programs out there that already do this.
If your password contains any string of numbers from anything that can be associated with you at any time in your life, it is insecure. Take those numbers out of the character count because they are an insignificant barrier to cracking your account.
The good news is that you probably won’t be targeted, but if you ever mention online that you are doing anything significant in crypto, that chance increased enormously.
*Never* talk with *anyone* about how much you have in crypto. You’ll notice that I haven’t here. There is no reason to tell even a family member how much you have unless you are sharing a tax form. Sure, you may trust them, but all it takes if for someone to overhead someone else mention at a party that a relative got into crypto a long time ago and made a bunch of money. That person can also then be subjected to the $10 hack and force you to send all your crypto to them.
Your password to LastPass (Or equivalent.) should look something like this -> 6k0jQMoziX&D#4W8
Yes, it’s a headache. Imagine your headache, though, were you to open your account one day and find all of your money gone.
Looking at my notes, I have two other things that I wanted to work into this email that I didn’t get to, so here they are:
Just like with free apps and other software, if you are getting something of value and you didn’t pay anything for it, you need to ask why this is. With apps, the phrase is “If you didn’t pay for the product, you are the product”, and this works for things such as pump groups, tips, and even technical analysis. Here’s how I see it.
Technical analysis (TA) is something that has been argued about for longer than I’ve been alive, but I think that it falls into the same boat. In short, TA argues that there are patterns in trading that can be read and acted upon to signal when one must buy or sell. It has been used forever in the stock and foreign exchange markets, and people use it in crypto as well. Let’s break down these assumptions a bit.
i. First, if crypto were like the stock or forex markets we’d all be happy with 5-7% gains per year rather than easily seeing that in a day. For TA to work the same way in crypto as it does in stocks and foreign exchange, the signals would have to be *much* stronger and faster-reacting than they work in the traditional market, but people use them in exactly the same way. ii. Another area where crypto is very different than the stock and forex markets centers around market efficiency theory. This theory says that markets are efficient and that the price reflects all the available information at any given time. This is why gold in New York is similar in price to gold in London or Shanghai, and why arbitrage margins are easily <0.1% in those markets compared to cryptoland where I can easily get 10x that. Crypto simply has too much speculation and not enough professional traders in it yet to operate as an efficient market. That fundamentally changes the way that the market behaves and should make any TA patterns from traditional markets irrelevant in crypto. iii. There are services, both free and paid that claim to put out signals based on TA for when one should buy and sell. If you think for even a second that they are not front-running (Placing orders ahead of yours to profit.) you and the other people using the service, you’re naïve. iv. Likewise, if you don’t think that there are people that have but together computerized systems to get ahead of people doing manual TA, you’re naïve. The guys that I have programming my arbitrage bots have offered to build me a TA bot and set up a service to sell signals once our position is taken. I said no, but I am sure that they will do it themselves or sell that to someone else. Basically they look at TA as a tip machine where when a certain pattern is seen, people act on that “tip”. They use software to see that “tip” faster and take a position on it so that when slower participants come in they either have to sell lower or buy higher than the TA bot did. Remember, if you are getting a tip for free, you’re the product. In TA I see a system when people are all acting on free preset “tips” and getting played by the more sophisticated market participants. Again, you have to beat that Wall Street monkey.
If you still don’t agree that TA is bogus, think about it this way: If TA was real, Wall Street would have figured it out decades ago and we would have TA funds that would be beating the market. We don’t.
If you still don’t agree that TA is bogus and that its real and well, proven, then you must think that all smart traders use them. Now follow that logic forward and think about what would happen if every smart trader pushing big money followed TA. The signals would only last for a split second and would then be overwhelmed by people acting on them, making them impossible to leverage. This is essentially what the efficient market theory postulates for all information, including TA.
OK, the one last item. Read this weekly newsletter – You can sign up at the bottom. It is free, so they’re selling something, right? 😉 From what I can tell, though, Evan is a straight-up guy who posts links and almost zero editorial comments. Happy 2018.
FOREX-Dollar edges up ahead of potentially market-moving Trump trade speech
This is the best tl;dr I could make, original reduced by 48%. (I'm a bot)
Nov 12 - The dollar was stronger against the yen and Swiss franc on Tuesday as traders grew optimistic ahead of a speech by U.S. President Donald Trump, during which he is expected to again postpone imposing tariffs on European Union autos. Trump's speech to the Economic Club of New York is expected to be market-moving as he is scheduled to discuss U.S. trade policy. Currency traders will also be listening for hints about the Trump administration's long-running trade war with China, and any progress towards the "Phase one" trade deal. Versus a basket of currencies, the global dollar index rose 0.1%. The dollar strengthened against safe haven currencies: it was up 0.2% against both the Japanese yen and the Swiss franc in early London trading. The New Zealand dollar was down 0.5% at 0.6335 versus the U.S. dollar, only slightly recovered from the low of $0.6323 it reached last week after a central bank survey showed the country's near-term inflation expectations dropped, increasing traders' expectations of a rate cut this week. The dollar was boosted last week when comments from the Chinese trade ministry were interpreted as a sign of progress on rolling back China-U.S. tariffs, causing traders to dump safe-haven currencies like the yen.
Summary Source | FAQ | Feedback | Topkeywords: trade#1dollar#2Trump#3against#4Currency#5 Post found in /Economics. NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
Daily analysis of cryptocurrencies 20191109 (Market index 38 — Fear state)
https://preview.redd.it/ofi0c61nnmx31.png?width=735&format=png&auto=webp&s=c57ef91e3ce26cc1ea8ab8f0c96f17c9c5f68bf5 Malaysia To Impose Restrictions On Cash Transactions The Malaysian government plans to impose restrictions on cash transactions reports local media platform The Star. According to the publication, the move is part of efforts to combat money laundering in the country. Commenting on the plan, Datuk Abdul Rasheed Ghaffour, the deputy governor of Malaysia’s Central Bank Negara (BNM), remarked: “This is to address the abuse of physical cash used for illicit activities.” Malaysian economist, Barjoyai Bardai believes the proposed cash transaction limit in the country could boost digital currency adoption. EU Is Working On ECB Digital Currency With Possible Progress Next Year According to Reuters, progress on the feasibility of a digital currency backed by the European Central Bank could be made in the coming months, senior officials said on Nov 8, cautioning that the project faced challenges and was for the long term. Tunisia Issues Central Bank Digital Currency On Nov 9, the TASS news agency reported that the Central Bank of Tunisia was to be the first to release a digital currency. The ‘E-dinar’ was officially launched in the test form at the Forex Club of Tunisia, with a symbolic transfer of one dinar between the head of the central bank, Marouane El Abassi, and a representative of the International Monetary Fund (IMF). At the time of writing, Bitcoin is trading down nearly 5% at its current price of $8,850, which marks a notable drop from its 24-hour highs of $9,300. Prior to today’s drop, Bitcoin has been caught in a relatively tight trading range between $9,000 and $9,500 for a couple of weeks, and neither bulls nor bears had been able to incur enough strength to push the crypto out of this trading range until early this morning when bears forced it below its lower range boundary at $9,000. In the time since its drop, BTC has shown no sign of slowing its decent, as it continued to slowly grind lower as the morning dragged on. Review previous articles:https://email@example.com
Encrypted project calendar（November 9, 2019）
CENNZ/Centrality:Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.HTMLCOIN (HTML):09 November 2019 (or earlier) Mandatory Wallet Update Mandatory Wallet Update: there will be a soft fork on our blockchain. This update adds header signature verification on block 997,655.Harmony (ONE):09 November 2019 Indian Meetups Come & meet us in person on November 9th in our meetups in Bangalore & New Delhi!
Encrypted project calendar（November 10, 2019）
Bibox Token (BIX):10 November 2019 Bibox Summit “Bibox Summit 2019 — Maximizing Profit On Uptrend Season” from 1 PM — 5 PM (ITV) in Ho Chi Minh City.TRON (TRX):10 November 2019 AMA w/Kucoin Co-founder “Join us on Nov 10, 6:00 PM(PST) for an AMA with TOP, Co-Founder of@kucoincom, in our English Telegram group…”
Encrypted project calendar（November 11, 2019）
PAX/Paxos Standard:Paxos Standard (PAX) 2019 Singapore Financial Technology Festival will be held from November 11th to 15th, and Paxos Standard will attend the conference.Crypto.com Coin (CRO):and 3 others 11 November 2019 Capital Warm-up Party Capital Warm-up Party in Singapore.GoldCoin (GLC):11 November 2019 Reverse Bitcoin Hardfork The GoldCoin (GLC) Team will be “Reverse Hard Forking” the Bitcoin (BTC) Blockchain…”Horizen (ZEN):11 November 2019 (or earlier) Horizen Giveaway — Nodes Horizen Giveaway — Win Free Node Hosting! Entries before November 11th.SINOVATE (SIN):11 November 2019 Roadmap V3 SINOVATE (SIN) Roadmap V3 will be released with new upcoming technologies and proof of concepts!0x (ZRX):11 November 2019 0x V3 Vote Ends “The voting period will end on November 11. Learn more about all the exciting features included in v3 below.”Akropolis (AKRO):and 4 others 11 November 2019 Kucoin Blockchain Day “KuCoin Blockchain Day Berlin 2019” from 5 PM — 9:15 PM (CET) in Berlin.
Encrypted project calendar（November 12, 2019）
BTC/Bitcoin:The CoinMarketCap Global Conference will be held at the Victoria Theatre in Singapore from November 12th to 13thBinance Coin (BNB)and 7 others: 12 November 2019 CMC Global Conference “The first-ever CoinMarketCap large-scale event: A one-of-a-kind blockchain / crypto experience like you’ve never experienced before.”Aion (AION)and 17 others: 12 November 2019 The Capital The Capital conference from November 12–13 in Singapore.Loom Network (LOOM):12 November 2019 Transfer Gateway Update “If you have a dapp that relies on the Transfer Gateway, follow the instructions below to make sure you’re prepared.”Kava (KAVA):12 November 2019 Updated Mainnet Launch “Our updated mainnet launch will be on Tuesday November 12th at 14:00 UTC.”Crypto.com Coin (CRO):12 November 2019 Telegram AMA Live AMA with CRO COO and Kucoin’s Global Community Manager on KuCoin’s official English Telegram channel at 16:00 (UTC+8).Chainlink (LINK):and 1 other 12 November 2019 NYC Meetup “Ontology + Future of Blockchain in China Meetup Presented by Chainlink” in NYC from 6:30 PM — 8:30 PM.
Encrypted project calendar（November 13, 2019）
Fetch.ai (FET):13 November 2019 Cambridge Meetup “Join us for a@Fetch_ai#Cambridge #meetup on 13 November@pantonarms1.”Binance Coin (BNB)and 5 others: 13 November 2019 Blockchain Expo N.A. “It will bring together key industries from across the globe for two days of top-level content and discussion across 5 co-located events…”OKB (OKB):13 November 2019 Dnipro, Ukraine- Talks Join us in Dnipro as we journey through Ukraine for our OKEx Cryptour on 11 Nov.Centrality (CENNZ):13 November 2019 AMA Meetup “Ask our CEO@aaronmcdnzanything in person! Join the AMA meetup on 13 November in Singapore.”OKB (OKB):13 November 2019 OKEx Cryptotour Dnipro “OKEx Cryptour Ukraine 2019 — Dnipro” in Dnipro from 6–9 PM (EET).Vexanium (VEX):13 November 2019 Dapps Incentive Program Vexanium will give an incentive for every Dapps that is submitted during this program period.Egretia (EGT):13 November 2019 Post Consensus Invest “2019 NYC Blockchain Gaming & DeFi Party | Post Consensus Invest” in NYC from 7–9 PM.Holo (HOT):13 November 2019 AMA “Submit your questions before the #AMA on Nov 13th @ 5PM — 5:45PM UTC”
Encrypted project calendar（November 14, 2019）
BTC/Bitcoin:The 2019 BlockShow Asia Summit will be held at Marina Bay Sands, Singapore from November 14th to 15th.Binance Coin (BNB):and 4 others 14 November 2019 BlockShow Asia 2019 BlockShow Asia 2019 at Marina Bay Sands Expo, Singapore from November 14–15.Basic Attention Token (BAT): 14 November 2019 London Privacy Meetup “If you’re in London on Nov. 14th, don’t miss our privacy meetup! The Brave research team, our CPO@johnnyryan, as well as@UoE_EFIHorizen (ZEN):14 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.IOTA (MIOTA):14 November 2019 Berlin Meetup From Construction to Smart City: IOTA, Maschinenraum & Thinkt Digital will explain, using concrete use cases, how to gain real value from..Dash (DASH):14 November 2019 Q3 Summary Call “Dash Core Group Q3 2019 Summary Call — Thursday, 14 November 2019”NEO (NEO):14 November 2019 NeoFest Singapore Meetup “Glad to have@Nicholas_Mertenfrom DataDash as our host for #NeoFest Singapore meetup on 14th Nov!”ANON (ANON):14 November 2019 ANONIO Wallet Upgrade In conjunction with the Echelon Update, the ANONIO wallet will also be receiving an upgrade!
Encrypted project calendar（November 15, 2019）
TRON (TRX):15 November 2019 Cross-chain Project “The #TRON cross-chain project will be available on Nov. 15th”Bluzelle (BLZ):15 November 2019 (or earlier) CURIE Release CURIE release expected by early November 2019.Zebi (ZCO):15 November 2019 ZEBI Token Swap Ends “… We will give 90 days to all the ERC 20 token holders to swap out their tokens into Zebi coins.”OKB (OKB):15 November 2019 OKEx Talks — Vilnius “Join us for a meetup on 15 Nov (Fri) for our 1st ever Talks in Vilnius, Lithuania.”Zenon (ZNN):15 November 2019 Awareness Fund Payout “Distribution of the fund takes place every Friday until Pillars Lock-in Phase is completed.”
Encrypted project calendar（November 16, 2019）
Bancor (BNT): and 2 others 16 November 2019 Crypto DeFiance-Singapore “Crypto DeFiance is a new global DeFi event embracing established innovators, financial market disruptors, DApp developers…”NEM (XEM):16 November 2019 Developer’s Event “BLOCKCHAIN: Creation of Multifirma services” from 10:50 AM — 2 PM.
Encrypted project calendar（November 17, 2019）
OKB (OKB):17 November 2019 OKEx Talks — Lagos Join us on 17 Nov for another OKEx Talks, discussing the “Life of a Crypto Trader”.
Encrypted project calendar（November 18, 2019）
Maker (MKR):18 November 2019 MCD Launch “BIG changes to terminology are coming with the launch of MCD on Nov. 18th Say hello to Vaults, Dai, and Sai.”
Encrypted project calendar（November 19, 2019）
Lisk (LSK):19 November 2019 Lisk.js “We are excited to announce liskjs2019 will take place on November 19th. This all day blockchain event will include…”
Encrypted project calendar（November 20, 2019）
OKB (OKB):20 November 2019 OKEx Cryptour Odessa Ukr “Join us in Odessa as we journey through Ukraine for our OKEx Cryptour!
Encrypted project calendar（November 21, 2019）
Cardano (ADA):and 2 others 21 November 2019 Meetup Netherlands (AMS) “This meetup is all about how to decentralize a blockchain, the problems and differences between Proof-of-Work and Proof-of-Stake…”Cappasity (CAPP):21 November 2019 Virtuality Paris 2019 “Cappasity to demonstrate its solution for the interactive shopping experience at Virtuality Paris 2019.”Horizen (ZEN):21 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.OKB (OKB):21 November 2019 OKEx Talks — Johannesburg “Join us the largest city of South Africa — Johannesburg where we will host our OKEx Talks on the 21st Nov.”IOST (IOST):22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech.OKB (OKB):22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “
Encrypted project calendar（November 22, 2019）
IOST (IOST):22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key techOKB (OKB):22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “
Encrypted project calendar（November 27, 2019）
OKB (OKB):27 November 2019 OKEx Cryptour Vinnytsia “Join us in Vinnytsia as we journey through Ukraine for our OKEx Cryptour!”Fetch.ai (FET):27 November 2019 London Meetup “Join us on 27 November@primalbasehqto hear an exciting progress report as we prepare for the launch of our #mainnet”
Encrypted project calendar（November 28, 2019）
Horizen (ZEN):28 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.
Encrypted project calendar（November 30, 2019）
Ethos (ETHOS):30 November 2019 (or earlier) Rebranding “In November, we unveil the broker token, a dynamic utility token to power our commission-free crypto trading and broker platform, Voyager.”Digitex Futures (DGTX):30 November 2019 Public Testnet Launch “…We can expect to see the world’s first zero-commission futures trading platform live on the Ethereum public testnet from 30th November.”Monero (XMR):30 November 2019 Protocol Upgrade “Preliminary information thread regarding the scheduled protocol upgrade of November 30.”Chiliz (CHZ):30 November 2019 (or earlier) Fiat to CHZ Exchanges “We will add another two fiat to $CHZ exchanges in November…”Skrumble Network (SKM):30 November 2019 (or earlier) P2P & Group Calling “P2P & Group Video Calling,” during November 2019.Aergo (AERGO):30 November 2019 (or earlier) Mainnet 2.0 Upgrade Mainnet 2.0 Protocol update by end of November.Akropolis (AKRO):30 November 2019 (or earlier) Beta Release “All functionality has been deployed to mainnet.”Nash Exchange (NEX):30 November 2019 (or earlier) Mobile Strategy Phase 2 “Phase 2 of our mobile strategy will be live soon with our wallet and portfolio app hitting stores in November!”
Encrypted project calendar（November 31, 2019）
Wanchain (WAN):31 December 2019 (or earlier) Wanchain 4.0 Release Wanchain 4.0, which introduces private chains integration and multi-coin wallet, released in Dec 2019.QuarkChain (QKC):31 December 2019 (or earlier) Token Testnet Release Testnet for Multi-Native-Token and New Consensuses.
This post was created as I felt compelled to share my experience with Eric Ho's mentorship program that I'd signed up to, along with about 10 other mentees and paid £12,000 each for 1-year program. To provide authenticity of my account, I have provided PROOF of the receipt, plus his "up sell" to other programs, and how he boots people out at the end and there is no more contacts with him whatsoever. I have also found other website, where people have complaining and have lost money, like I had done. I will post the link below in the message, and it shows Eric Ho's company details from Gov.uk's Companies House, which are not worth what he claims, in fact many are in debt & closed down..
Here, I CHALLENGE Eric Ho to comment below this post if he thinks this is an unfair account, as he commented on his Facebook saying how this is not a true reflection of his program... I can provide PROOFs of all the accounts & experience detailed here, from other ex-mentees and how we'd all suffered and lost our savings, with no real value in the end... and if I can provide these proofs, will Eric Ho refund all our payments? Come on Eric Ho, I challenge you.. If you are honest, you should be able to take up this challenge than just comment in your FB..
First, see a link below, for the proof that I was his ex-mentee, so my details below comes from after going through his mentorship program, and it shows further proofs of "up sell", and how he booted everyone out in the end, and how we were only given 7-days to ask for our refund or else your payment is vanished!! And how is anyone suppose to know within 7-days that the mentorship was not a valuable program and it was full of "motivation" rally within a week of signing up?? See: https://drive.google.com/open?id=1QT9POxakgkIrXFEQN8uS4VqtEcD08F89 See other people complain about Eric Ho's scam, and John Lee, and their method, which is just telling stories after stories and showing pictures of their success and cars (some outside the car show room) and claiming to be very successful, when they are not... company house record shows average financial statement.. https://www.propertytribes.com/eric-ho-t-127631542.html
Eric Hor, was introduced in one of John Lee's of Wealth Dragon seminar. There were bunch of us in the mentee group, mainly women who seemed vulnerable and naive i.e single mothers and old ladies. Eric Ho operates from his website, erichoofficial.com & hakademy.com.
Eric Ho promised a lots of things prior to signing up to his program and he promised all the mentees that he would help them to launch their business and in many cases, collaborate with his existing business and provide a platform and contacts to leverage our business... hence, paying £12,000 is worth it, in fact its cheap! However, it was far from that.. It became obvious after a few months, and until this point, it was all "motivational" stuffs i.e. meeting up with the group of mentees for dinner and drinks after one of his seminars in London and during these meet ups it was mainly him posting live videos on YouTube with bunch of mentees for his own marketing campaign (to show people what a good time we are all having and to get Likes and Shares). However, secretly many of his mentees were suffering as we forked out £1000 monthly towards his program and it was costing us more than our monthly mortgage payment!
Time goes fast, you set appointment with Eric whenever he is in London, but he sees all of his mentees after his 2-3 days seminar, where he is tired after long event, so it's rushed through as only 30mins appointment, and given generic advices and he is seeing mentees one after another.. During this appointments you go there and wait, he is talking to another mentee, then your turn comes, as you start the meeting, you see the anotehr mentee waiting for you to finish the meeting... so Eric Ho is in a rush to see you off. Hence, advices are given on the spot... He even forgets the last conversation you've had with him and repeats many comments / feedback that was given in the last appointment, as he sees all the mentees + new followers (to sign them up for his program) on that day... the new followers are far more important to him as they are a potential leads for another 12k per person and since we've already paid our fees and locked in the contract... we are a less priority for him. He forgets the action plan you had discussed with him in the last meeting and its clear that he cannot keep track of all his mentees seeing one after another after his long 2-3 days seminar event... He is very tired and gives you generic marketing advice. And when you make progress or need some suggestions from Eric Ho, our "mentor", he is out out of the country, somewhere overseas, posting videos from the beach about his luxurious lifestyle, flying business class flights and showing off his latest branded watch! and you are there stuck and unable to contact him or in the best case you receive a messages on Wats App. And that’s all...
You wait for him to return, but then you see another video from another part of the world, again, marketing himself and his seminars, and his new gadgets or a catchy video title and image of him and his latest girlfriend. Talking about his girlfriend.. he keeps using them in his video, to get likes and views, then after a year or so, there's a new girl and the old one is never seen again! And his new girlfriends are the seminar audience! At this time you start to doubt if Eric is serious about business. A true business man, a mentor should be there for you and know and care abot your business as much as you do.... not posting 5 videos, and 10 selfie a day! Think about it people.. his mind is occupied by social media posts and videos, and all he wants is NEW leads so he can generate additional fees... once you have paid, you are yesterdays newspaper to him..... You true business personnel dont act like this i.e. Fortune 500 companies executives, FTSE 250 leaders don’t act like a child showing off their new toys on a social media with his cars, watches, house etc.. Its unbearable as you begin to wonder that your payment is actually funding his lifestyle and his latest gadgets, and you are cant even reach him!
You begin to wonder and talk to other mentees and they all feel the same but no one dares to confront him as he is "so nice" and always so "positive" talking about "motivational stuffs", a sage, guru, who acts like one of those religious cult figures that brain washes people and builds up followers for his ulterior motive. The key here is, get likes and shares from Facebook, Insta, YouTube etc.. then get them to attend the seminar and then use classical sales technique i.e. "one day offer only" and sign them up for 12 months contract, where you can only ask for refund within 7 days (terms) and its impossible to know that you wont get any value within 7 days, so now you are locked in the contract and if you miss payment, Eric Ho and John Lee (Wealth Dragon) will send you red letter to take you to Debt Recovery and send bailiff to your house... and they have in-house lawyers workling for them, who emails you warning you of the consequences.... then you get worried and also have no time to go to the court and pay additional fee to solicitors not knowing you might lose more money because you have signed the contract... so you keep quite and pay the 12k!!! "Its numbers game" as they say... for example, get 100 likes and views, from that, get 20 people to seminar, then get 1 person to sign up and lock in 12 months contract... thats 12k! Now multiply this by few hundreds and thousands, then there you have it.. About 30-40 mentees a year, plus now "UP SELL" their other products, i.e. Public speaking, Forex, Property investments, Heath & Fitness, Spiritual mind etc.... thats their game! And make you bankrupt!!
By the way, if you want to learn Public Speaking, then just join your local Toastmasters club, where you will only pay between £50-£60 for 6 months!! with every 2 x weeks meetings, it will cost you more or less the same price of a coffee/tea per meeting. Toastmasters is everywhere, almost in every country. I have now completed almost my 10th speech. One thing about Public speaking is, its not a skill you obtained by attending a weekend or week long training that Eric Hor and John Lee is offering.. you must attend regularly every 2-3 weeks, even if you miss some meetings (that don't matter), to develop your skills. It's developed and built over time - not by attending short trainings on weekends or week-long program paying thousands of pounds/dollars. So dont be fool, don't pay Eric Hor and John Lee. Public speaking skills is like any other skills you learn, whether sports, or your regular exercise. If you stop going to gym for few months... what happens? Same with public speaking... you must attend regularly for at least 6-months to a 1-year.. then you develop skills + see other speakers do it, which you will pick up subconsciously, and when you step up to do your speech.. you will naturally exhibit skills (that you had picked up by watching other speakers on a regular basis by going to these meetings).. also, for every speech, you are given a detailed guide, as to how to structure it i.e. bullet points, linking between these points, and how to put a capturing opening and conclusive closing of your speech. You will also learn how to use body language, vocal variety, include research information in some speeches, which really helps professionals wanting to do great presentation for their work etc. And you become better at it, over time. You can never learn this over a weekend intensive course or week long course. Once you go through the Toastmasters club, the process will stay with you forever - just like driving a car or bike. So save you money from these fraudsters and join Toastmasters International club, which has nearly 16,000 clubs worldwide. You will also learn to take leadership roles as these two skills go hand in hand. Check out: toastmasters.org and click on "Find a club".
Eric Ho uses uses a traditional sales technique as he takes you through an emotional ride by sharing his stories, and others stories, and then says that he wants to work with "entrepreneurs" and he is looking to "invest" in the right business and "collaborate" with them, and this makes you feel like signing up to his mentorship, and it could perhaps, provide that opportunity to launch your business. With that mindset, he lures you towards him and when he offers the "1-day only" sales offer, at the end of the seminar to sign up, you do it! But there is no plan, no accountability, no real business expertise provided, except FULL of motivational stuffs, which you can nowadays watch on YouTube and feel the same or better. All you get is his regular get together for dinner and drink (which you have to pay yourself btw), and again, his posts on YouTube video promotions with all the mentee group for marketing to show what a good time we are having. Who will rant or show sad face on the video (live)? I was in a group, where there was single mothers and some of them borrowed money from their parents to sign up to Eric's mentorship so she can make her business successful. She promised to pay back to her parents but it never happened as her parents passed away, before she could make any money. And Eric didn't even share the 50% profit that she had generated through her sales i.e. webinar sign-up consulting therapy work, after getting some leads from one of the webinar Eric had sets up. It takes her 3 months to get her 50% share. She even cried in one of our meet ups and shared her story. Another lady, Psychologist, that signed up, she spoke on the Eric's stage few times, she was very happy, got her to give him fantastic testimonial, she changed her title to "international speaker", and time goes fast... soon it was 12-months and she was crying in one of Eric's seminar at the back stage because it only hit her that she hasn't made her money back but paid 12k! Eric saw her cry, he knew WHY! as others try to sooth her, but he went on the stage and did his gig! There was no remorse nor any sympathy...... yet he acts like he feeds those childred in Kenya! Oh by the way, it was told that this charity is not his set up... it was existing orphanage and they would work with anyone that give them donation and you can put that in your business as a social enterprise business. And why wouldn't they accept donation for such purpose?
Another mentee, similar type of business, didn't get anything i.e. 50% commission, so he stopped asking after few times and completely dis-engaged with Eric and stopped talking completely after about 6-months in the program.
Eric lied to another mentee suggesting that he will use his product in his existing business to collaborate with him and launh his product in his YoYo Noodles bars, which Eric supposedly owns. He signed up to it, but it never happened and when he asked to Eric about it, after few months of developing a product and brand, Eric simply said that he had already sold his noodle franchise business. So he can't help him! However, it turned out to be a plain lie as Eric still owned the business and he was participating in Franchise trade shows later that year. He still owns this YoYo Noodle franchise and can be easily seen in Google search.
Another mentee couldn't afford the fees, so she was called by their staff called Marcos from Wealth Dragon, a big spanish bull dog that looks like a bouncer but acts like a motivational guru himself until you miss 1-payment! He acted like a bully when she didn't pay on time and this mentee, was already in debt and Marcos advised her to take loans from her credit cards as she would easily recoup that money anyway from the program, and when she was unable to keep up the payment to Eric, after few months, she was instantly kicked out without any notice and blocked from the Wats App and Facebook group. That’s when we saw the real Eric Ho.., not so nice and kind as he appears to be on the stage and videos and showing off his charity work in Kenya... Oh yeah, once you are mentee, you will get a "special deal" to volunteer and go to Kenya with him to do this charity work and the price you pay on a special deal is much more expensive than you would have booked a ticket and accomodation and gone by yourself... Another "upsell" like his books, like the upcoming seminar tickets, some "hero" seminar, but the principal is same.. motivation and emotional roller coaster stories and "upsell" another product.. there were few guys who finished all their savings by keep buying into these programs.. One nurse lady, single, in her 50s, spent more than 30k in all of their seminars, combined with, mentorship, forex, property, public speaking etc.. all her life time saving, all that over time she did.... tut tut.
There is nothing special or no real expertise offered in business by Eric Ho because all the advice is generic and 90% are motivational. And since all motivational in YouTube videos are sourced from Napoleon Hill's Think and Grow Rich book and the Power of Law of Attraction book etc. The 99% of the motivational gurus use these techniques to elaborate and explain their stories and persuade and convince audience to excite and take action.. And take action you will, by paying £12,000 for 1-year of generic advice and about 5 to 7 appointment with him (since he is out of the country more than half of the year giving seminars)... so how can you meet him possibly even if you want to........ Have you ever noticed that 99% of his previous mentees are completely out of the picture or out of touch after 1-year... ever wonder why? Because it finally sinks into them that it was all bullsh!t and they lost their money! Deep down inside in their heart, they know they lost their money, and there was nothing they could do after 7-day no refund policy!
If you, readers, want a motivation then I suggest you go to the horse's mouth i.e. Tony Robbins who revolutionized this game. And it is unfair how Eric Ho and John Lee do it... because they excite audiences through emotional story telling method, where their seminars are held for 2-3 days, long hours, deliberately making the audience tired and making it harder for us to think clearly and decide carefully, and prompting audience to say "yes" to many of rhetorical questions and multiples "hi5" among audiences and then encourage audience by stating they want “joint venture”, “partnerships” with only few select entrepreneurs and the offer is for "today only" sale price, and saying how Eric is only looking for only few partners only so its not for everyone (making it sound exclusive)! And he only wants few mentees only because he already has few of them already... That makes it exclusive and people sign up..... but after few months in the next seminar, he says the same thing and sign more mentees... and from different countries and it all becomes one big "social" group... hence, he loses track in 1 to 1 meetings of your progress and business plan.... and offers motivational advices only.
The contract states that you cannot ask for refund after 7-days but its hard to know, for anyone, within 7-days, what value you are getting esp. when the guy is flying around the world giving seminars when, ideally, you want a business mentor that can support you and give your advice in the time of need and hardship, not while he is posting videos of his latest gadget and business flight travels, which you, the mentees, had funded!! The irony is that, Eric present himself as the best son in the world to his parents, giving his father and mother a luxury watches and presents, when his parents, DONT know that its funded by these mentees who have worked hard to save up their money all their life and are paying £12,000! And some have really struggled to put that money together. I recall after a day or two of the seminar, both John Lee and Eric Ho, challenges the audience to see if they can raise money from their banks, friends and families and challenges everyone to make phone call during lunch break and see how much they can possibly raise…… during that day, it stays like that…. But its only until tomorrow or last day, when the offer for the “sale price for today only” is given and subconsciously the audience feels confident to take this offer because they were able to get loans or friends/family were willing to lend them a day before... see the trick??? These guys are experts, professionals in stealing your money!!! Vipers! Snakes! A bad name to Chinese/ Oriental community! A rotten tomatoes in the basket affecting all.
They are not different to those gurus, cult leaders, who builds followers and eventually brainwashes then and manipulate them.. its same technique! Eric Ho and John Lee builds followers from YouTube videos showing off gadgets, good lifestyle and happy mentees videos then you end up going to their seminar and hearing their well crafted and devised speeches, do activities, and make you feel they are great people, a guru and then challenging you to raise the money (from friends and family) then hooking you to buy their “sale price for today only” products. And to suck more out of you, there are many upsell in the pipeline...!
I saw many old ladies, retired ones, in their 60s running at the back of the room to sign up for a “LIMITED PLACES” only offers – without reading any terms and conditions! Some were signing up for Forex to use their special trading method to make unlimited amount of money whilst trading for half an hour a day! A pictures are shown of people being happy and drinking coffee and trading and making money! I think I should tell my investment banker friend in Canary Wharf to bring all their banker friends and his bosses and learn to trade so they can make all the money in the world in half an hour.... they don't have to invest millions in their sophesticated softwares that trades in micro-seconds and are competing with other banks and institutional investors!! No offence, but what do these retired ladies do to out-beat the investor bankers that uses latest tools, softwares, factors in speculations, world economy, politics, wars, currency fluctuation etc. etc.. Many of these ladies are old enough to be Eric's and John's mother! No mercy, no remorse! One mentee was charged double the normal price because she asked for 6-months extension in the mentorship, and she could not say anything about it..... but she shared her disappointment with us in the group.
Please people save your money, and if you are really need inspiration to do business then know one thing for sure...... all these types of motivation seminars are almost bullsh!t! If not ask any real business leaders from Fortune 500 or FTSE 250 companes...... and they will tell you what it really takes, and how competitive, dog eat dog world is out there...... thus the motivation part is only 5% of the business, the other 95% is pure hard work, grit, effort and sleepless nights......... to make it successful. Even that doesn't guarantee it! Almost every industry and sector have very high competition and innovations are quite rare, infrequent, and mainly big companies that invests heavily in Research & Development create it.... The money you need to invest to start the business costs almost double than your initial projection, and it takes twice a long than expected. You are alone, often questioning your own insanity at times, friends almost misunderstands you.... and once you have built your product or brand, then only you realise, you need more money to market it... and without marketing, there is no exposure and no one knows about it... so when you factor it all, the 12k you paid Eric Ho for motivation, was the money that you could have used for building your own business and marketing it...... now you are more broke than before and lack of money de-motivates and stops you from continuing to work on your start-up business. So not only Eric Ho has stolen your money but he has killed your dreams!
Please note, motivation gives you energy for temporary time only, maybe a month or two, then you go back to “default” that have built in you since your childhood! So how can one-off 2/3 days seminar change your “default”? It’s like trying to change a habit overnight. Can you? So, you can only change your “default” by consistently grinding through hard times and persevering and pushing through rejections and hard times... and having insatiable desire and hunger to succeed.. thus, only only few makes it? But if you need motivation, just go to the horse's mouth i.e. Tony Robbins who is probably best in the business. Not liars and hypocrite like Eric Ho and John Lee.
And if you really need mentor, you need go to real experts, which you can easily find on LinkedIn, industry publications, and surely you won’t have to pay 12k!!! You need experts from the industry you want to specialise in, and have contacts and networks with industry leaders, and can help you to raise finance, and be focused in you as much as you are working on your business, they push you, ask you hard questions, even gives you hard times and sometimes you hate him/her but after getting the results you want... you respect them! Thats the kind of mentor you want... what will Eric Ho and John Lee tell you? Motivate you? what about rest of the 95% grit. They hardly talk about it.. Can they introduce you to any Venture Capitalist? or Private Equity firm or Financial Institutions? Those professionals dislike motivational speakers and don’t even allow them in their circle, believe me! If you want join prestigious business clubs in London, check out London's Capital Club, Club house london, De Amstel Club, etc... and these clubs dont allow motivational gurus, if they find out they are trying to sell seminars or books etc, they are booted out! some clubs asks for your business’s revenue before joining... And these are the clubs where PE firms, VC, bankers, advisory firms i.e. 'Big 4' and 'Magic circle' professionals hang out! This is where you meet real business contacts! This is where you need to be, so they can pull you up to their bracket... not someone who is in your bracket and you have to pay 12k! Motivational gurus like Eric and John wont be allowed near that circle. They will be a laughing stock! Eric and John is just trying to ride off what Tony Robbins have achieved. He is one-off! I remember they said they want to go IPO on stock market! A motivational seminar company on stock market? In which security exchange? In Mars? What investment bank will represent them? In fact, their business is not sustaible in long term because anyone can be a motivational speaker with NLP courses and reading 100s of motivational books out there... you dont need any qualification! Thus, they are all over the YouTube now and ERic Ho and John Lee is getting competition, whether they like it or not!
So, find real expertise who can link you to bankers, lawyers, accountants, leading marketer, entrepreneurs.. NOT motivational speakers that post videos flashing their bling bling 3-5 times a day like a teenager! In fact, its so immature! I mean, Eric is like in his mid-30s and his girlfriend Marta (white girl) was a seminar attendee and Eric dumped his then girlfriend Jamie for Marta. And before Marta, the left Jamie for another attendee, her name is Trinity. But when she found out Eric was dating another seminar attendee Anna (with blond hair) she dumped him! All these girls pictures are in his FB, Insta, if you go back time... What’s sad is that Jamie still works for him, H Akademy, and have to face Eric and his new girlfriend... And Eric Ho has the heart to face her everyday with his new girlfriend in the same place. Its all over their social media... its sad! But that should tell you the credibility of the guy that you have to pay 12k!! Of course, I only came to know this all after a 1-year mentorship program and Eric was publicly (In Wats App group) arguing and fighting with another girl called Jadey, who worked for him but she left after realising everything... A challenge will be find out how well his mentees have done in their business, besides the YouTube video testimonials, since they had taken up his program.. its hard to know their revenuce increase after few months of the program, so their company's financial statement before and after the program should be compared and validated.. Of course no one would do that... Any previous mentees up for that challenge? Well all his mentees disappear after 12 months and new arrivals are excited and buzzing every year… until they cool off at the end of the year, get kicked out from Wats App and FB group……… I hope some of those new mentee reads this and realises how it works with these con artists... Eric Ho is a fraud!
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