Mirror Trading International

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It is achievable, but not constantly. Also, the market would've adjusted to this behavior, as there is a counter party to any trade.
A:
MTI bot would buy from X at R1000000.
MTI bot would sell to Y at R1050000. Taking a R50000 profit from the market.
If the price goes anything but up, you end up losing - especially when trading on a margin.
B:
MTI bot would short sell to Y at R1050000.
MTI bot would buy from X at R1000000. Making a R50000 profit.
If the price goes anything but down, you end up losing - especially when trading on a margin.

When claiming 200:1, things get interesting. This ain't your local supermarket, this is a living and breathing market and you might not be able to simply buy/sell a R 1 million of anything on a whim, there needs to be an actual party on the other end, willing to sell/buy it at that price.

Then, if things go even 1% against you, a 200:1 leverage can wipe you out, and then some. My back of the napkin calculations puts a 200:1 transaction, with a minor 1% loss, as you losing double what you put in? Someone please check me...

The same reason that nobody is going to give $100 675 080 liquidity based on their "holdings" of 11 000 BTC... There are not enough buy orders to sell 11 000 BTC for USD in one go... so any liquidity provider would 1. be on the short end of the stick and 2. would damage the BTC/USD value if the trades went south and they had to collect on the surety (the BTC) and try sell it to recover their USD.
 
It is achievable, but not constantly. Also, the market would've adjusted to this behavior, as there is a counter party to any trade.
Yeah, this the crux for me, supernormal profits simply from buying and selling are not sustainable long term in a free market.
 
Is this completely outrageous? I know btc global guaranteed 2% per day, this is 5 times less and not guaranteed.

What will qualify as acceptable returns not to be judged as a scam?

It is a scam so no matter what 'acceptable' return was enthused it would be judged as a scam. Now get you money out before it's too late.
 
It is a scam so no matter what 'acceptable' return was enthused it would be judged as a scam. Now get you money out before it's too late.

If you put money in a scheme which you cant afford to loose then you must seek financial education.

However, If no one was willing to gamble casinos and lotteries would be non-existant. Still they make some rich and ruin those who risk too much. If you have R1mil and put R10k in, what is the risk?
 
If you put money in a scheme which you cant afford to loose then you must seek financial education.

However, If no one was willing to gamble casinos and lotteries would be non-existant. Still they make some rich and ruin those who risk too much. If you have R1mil and put R10k in, what is the risk?

It isn't a scheme, it's a scam. Intrinsically, you can do whatever you want with your own money regardless of 'risk'. Morally you have to decide yourself i.e. if you convince someone else to get scammed.
 
It isn't a scheme, it's a scam. Intrinsically, you can do whatever you want with your own money regardless of 'risk'. Morally you have to decide yourself i.e. if you convince someone else to get scammed.

But what if its not? Just say that in 5years time this company is still going, and you did not risk at least 1% of your portfolio? I say take the risk, as long as it is a calculated one.
 
But what if its not? Just say that in 5years time this company is still going, and you did not risk at least 1% of your portfolio? I say take the risk, as long as it is a calculated one.
herein lies the problem with all scams, i am happy to R1k for an iphone because if its true its awesome if not oh well. The cast of this production is the same as we have seen time and time again go do your research and see who you are dealing with MMM BTC Global then come back.
 
herein lies the problem with all scams, i am happy to R1k for an iphone because if its true its awesome if not oh well. The cast of this production is the same as we have seen time and time again go do your research and see who you are dealing with MMM BTC Global then come back.

Yes I agree with you and throughout the thread you have raised very good points. Just saying that if it turns out bad, Im still going to take my family out for dinner and put it behind me.
 
Yes I agree with you and throughout the thread you have raised very good points. Just saying that if it turns out bad, Im still going to take my family out for dinner and put it behind me.
thats fine but for some if it goes that route they wont be able to buy dinner for their families
 
But what if its not? Just say that in 5years time this company is still going, and you did not risk at least 1% of your portfolio? I say take the risk, as long as it is a calculated one.

If you bought R10k worth of SASOL shares on Mon 23rd March 2020 they would have been worth over R60k today. You wouldn't have been scamming (read stealing) anyone else's money.
 
If you bought R10k worth of SASOL shares on Mon 23rd March 2020 they would have been worth over R60k today. You wouldn't have been scamming (read stealing) anyone else's money.

I agree 100%. But the majority of advisors would have warned you against it and said that the risk is too high.

The decision is yours, if your friend phoned you and said you must buy sasol shares and the whole thing planked, would you have been angry at him? It remained your decision.

But ja I agree with you on that point.
 
I was browsing for a new house in Durban and saw this house, what do you guys think? This is my perfect house!! I wish I could afford it :crying:

If someone from SARS wants to know the address please PM me.

durban house.JPG
 
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