Mirror Trading International

Wary GOM

Well-Known Member
Joined
Aug 23, 2019
Messages
339
It seems to me a number of features of "investing" in MTI should long ago have made people question the assertions that bitcoin investing with MTI is not covered by regulations.

- Members are clearly speculators not investors. [Even MTI has warned that cryptos go up and down.]

- It doesn't matter that bitcoin isn't currency. The purpose for which the speculators give it to MTI makes it a security. As such it most certainly falls within the ambit of regulatory authorities.

- Members give their bitcoin with the expectation that MTI will manage the security in order to grow the member's amount of bitcoin in the member's account with MTI. This expectation is supported and fostered by almost every presentation and written statement made by MTI management and shills.

- Since MTI manages the securities, it has to comply with all sorts of regulations. It doesn't get MTI off the hook that the bitcoin is dribbled to different brokers and then the uberbot(s) do magic. Third parties like the uberbot are selected by MTI as the managers of the (ahem) investments.

- I don't think I have seen anything in the presentations by Cheri et al even mentioning that members need to get tax advice because they will have interesting interactions with SARS!

It is too late for MTI to now say it is putting its affairs on a legitimate footing. Regulators don't consider attempts to straighten out the affairs of a company after 2 years illegal trading as being meaningful compliance. Anyone setting up a company like MTI isn't allowed to plead ignorance of the above facts about the business.

I doubt whether any of the above will make a bit of difference to people who are desperate to join the lemmings and follow the messiah.
 

Hingisp

Well-Known Member
Joined
Jul 4, 2019
Messages
163
Hells this from one of the MTI telegram group admin. Lol


So the MTI recommended strategy is to only put in what you prepared to loose.. Admitting you going to loose it. Nice
 

newby_investor

Expert Member
Joined
Aug 8, 2018
Messages
2,803
View attachment 935026

They seem to really think that pretending to trade Crypto puts them beyond the reach of all regulators everywhere. :X3:
I have updated the wiki noting MTI's claims that they are beyond the reach of regulators, with a note that they actually aren't.

Thanks all for the contributions, any feedback or suggestions welcome. Including links to external websites which can back up what we say.
 

daneard

Active Member
Joined
Jul 13, 2020
Messages
30
Yeah, the Wiki is looking pretty good. Also, one of the latest articles from MoneyWeb (which is also on the Wiki under red flags) has so many shills trying to defend MTI in the comments section, comparing company shares to BTC... not the same thing at all, other than the fact that shares and crypto are sold on exchanges, and the price goes up and down based on demand... like fish at a fish market (maybe we should create FishCoin?). Same as BTC right?

Anyways, ignorance is bliss

 

newby_investor

Expert Member
Joined
Aug 8, 2018
Messages
2,803
Yeah, the Wiki is looking pretty good. Also, one of the latest articles from MoneyWeb (which is also on the Wiki under red flags) has so many shills trying to defend MTI in the comments section, comparing company shares to BTC... not the same thing at all, other than the fact that shares and crypto are sold on exchanges, and the price goes up and down based on demand... like fish at a fish market (maybe we should create FishCoin?). Same as BTC right?

Anyways, ignorance is bliss

It's one thing to be into crypto trading, as @Snyper564 is for example. Nothing morally wrong with the asset.

MTI is not synonymous with bitcoin though.
 

adslrouter

Well-Known Member
Joined
Apr 16, 2016
Messages
158
I love it when the newbies or enquiries that come through the telegram group asking, "does MTI have any insurance cover policy for members" hilarious... Immediate reply is the standard, "contact mti support"
and mti support will respond........

contact your upline - (they got paid 10% of your investment)
 

Snyper564

Executive Member
Joined
Oct 1, 2008
Messages
7,209
These **** heads have a store on Main Rd in Strand, down the road from Autozone & Midas.
Yup we know :)

IT came with this infamous billboard

1603090944699.png

 

LiquidX

Active Member
Joined
Feb 2, 2017
Messages
62
1603092749444.png
Doing the 10AM training today, these guys truly believe they are doing the right thing and making the world a better place. Walking around town bragging how well they have been doing with MTI the last couple of months (from the leaked files he has withdrawn over R500k between his and his wife's account after "investing" around R80k).

When this whole thing goes south, I doubt that he will pay it forward to the over 3000 members under him.
 

Wary GOM

Well-Known Member
Joined
Aug 23, 2019
Messages
339
Hells this from one of the MTI telegram group admin. Lol


So the MTI recommended strategy is to only put in what you prepared to loose.. Admitting you going to loose it. Nice
Unfortunately this is another example where they are now trying to show they run a reputable investment business by giving standard warnings about any investment or speculative venture..
 

Wary GOM

Well-Known Member
Joined
Aug 23, 2019
Messages
339
It's one thing to be into crypto trading, as @Snyper564 is for example. Nothing morally wrong with the asset.

MTI is not synonymous with bitcoin though.
ABSOLUTELY nothing wrong with bitcoin (or ether) nor with trading them. I suppose many of the sheeple and shills think JS is a pseudonym for Satoshi Nakamoto!;) If this thread has reminded me of anything it is that one cannot over estimate the gross stupidity of a large proportion of the population.

Most importantly, is WHY members give bitcoin to MTI and WHAT MTI promises (indeed they use the word promise rather freely:thumbsup:) to do with it. This defines bitcoin in this business as a security. It isn't the same kind of security as a share in a company, but the it is the fact that MTI manages it to meet expectations of investors that defines the kind of security it is.
 

Snyper564

Executive Member
Joined
Oct 1, 2008
Messages
7,209
Unfortunately this is another example where they are now trying to show they run a reputable investment business by giving standard warnings about any investment or speculative venture..
They did in their T+Cs. It said we are not liable nor can you hold us liable if anything goes missing.
 

John Tempus

Expert Member
Joined
Aug 8, 2017
Messages
4,683
View attachment 935326
Doing the 10AM training today, these guys truly believe they are doing the right thing and making the world a better place. Walking around town bragging how well they have been doing with MTI the last couple of months (from the leaked files he has withdrawn over R500k between his and his wife's account after "investing" around R80k).

When this whole thing goes south, I doubt that he will pay it forward to the over 3000 members under him.

LOL, Robert Kiyosaki aka the man who is preaching a strategy from the 70's and only making his millions over the last couple decades selling his infomercials and not actually from practicing what he is preaching.

The joke of all these Gurus is that the ones who do succeed long term is all because of some implementation of a method that might have worked during the initial 2-5 year cycle they had success with it. Once they stopped having success but had a track record that it was successful then only do they start to sell their "wisdom" and point to their original success as proof that it does work.

All of these gurus would spend their energy 100% on the product they are punting rather than punting the product if their product still had any relevance in the current market.
 
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NarrowBandFtw

Honorary Master
Joined
Feb 1, 2008
Messages
18,921
LOL, Robert Kiyosaki aka the man who is preaching a strategy from the 70's and only making his millions over the last couple decades selling his infomercials and not actually from practicing what he is preaching
Regardless, when Kiyosaki says "build networks" he means people to do business deals with, not a f-ing ponzi MLM "network"
 
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