Mirror Trading International

[Snyper564]

So that out the way your guys thoughts in AMFEIX they blatantly advertising on billboards and screams scam when go ogling them as well.

 

[ld13]

No returns are guaranteed and no returns are based on a a dollar or rand value - MTI grow our Bitcoin.

And bitcoin is free hey? No. You use Rands or Dollars (aka money) to buy the bitcoin.

FYI I have witnessed the live trading and some of the history

Live trading can be faked. Who is the counter party to all these transactions? Who is the broker?

The only riks that MTI as a company have besides a few bad trading days which can happen but has not happened since they have had exclusive rights to the software

Oi @JSE et al, why don't you get you some of 'em Exclusive rights?!

There is no arbitrage being done - MTI have Forex broker they use which is a regulated broker

And they are? That is where the due diligence is required.

The Bitcoin invested by members gets held in cold storage and the liquidity providers fund the Forex trading account with the amount of Bitcoin being held as collateral ...
Once again please refrain from making statements that are based purely on ignorance

So you have a liquidity provider that is willing to provide a minimum amount of ~$1.3 Million every trading day? Nice. Surely not for gratis?

A legit operation would not hide behind what is supposed to be standard disclosures.

The numbers below are all totally irrelevant and incorrect - as MTI never give rand value growth its all in BTC

And BTC is free hey? No. You use Rands or Dollars (aka money) to buy the bitcoin. I disclosed all my calculations, so where did I go wrong, pray tell?

So only based on passed trading over the past 10 months I can give this as an example
1 BTC after 12 months would become 3.8
3.8 BTC after another 12 months would become 14 BTC

I worked on 1 becoming ~3.657430285, given 5 trading days per week and 52 weeks of trading, at 0.50% per day. Close enough to your 3.8.

Regarding R11 555 000 not being enough to retire...
Drawing 0.04% per year as a lump-sum at the beginning of each year, given 10.26% returns, you land up with a monthly amount that start off at ~R38 516 and keeps on growing at 6.32% every year ad infinitum. The trick is to not use that full amount every month, then you are sorted for life. Or you can reduce the draw-down, and it will grow more per year etc:

Draw-down %	Monthly income	Growing % per year
4%​	R38 516​	6,32%​
3%​	R28 887​	7,42%​
2%​	R19 258​	8,53%​
1%​	R9 629​	9,64%​

 

[John Tempus]

How are you quoting PetCrypto who seemingly deleted all posts and even account.

That said, the last part is even more blatant to show they are clearly running a pyramid scheme considering there is ZERO chance of estimating how many BTC you would earn according to their mad up numbers after 12 months if they are doing daytrading in USD and not in BTC.

Claiming 1 BTC will turn into 3.8BTC after 12 months would assume they magically know what the USD price of BTC would be consistently over the 12 months. If someone start with $1000 and BTC at the starting time equal $1000 they could after 12 months still only have 1 BTC if BTC went from $1000 to $12000 and they somehow managed to turn the $1000 worth in BTC into $12000 over 12 months.

Anyhow this entire thread is pointless and to keep discussing scammers as if they have any honest product is just a disservice to everyone.

 

[ld13]

how am I quoting cryptoscammer?

I quoted the honorable member before he even thought about going into self-quarantine. I took my sweet time to double and triple check my figures, so by the time I replied, he was seemingly long gone.

 

[PsyWulf]

So that out the way your guys thoughts in AMFEIX they blatantly advertising on billboards and screams scam when go ogling them as well.

What are your average returns?
Although there are no guarantees, estimate to receive around 10% to 20% return on investment a month. This ROI is based on previous performance.

K

 

[Snyper564]

What are your average returns?
Although there are no guarantees, estimate to receive around 10% to 20% return on investment a month. This ROI is based on previous performance.

K

yup looks seriously dodgy just cant believe they blatantly advertising so openly

 

[PsyWulf]

yup looks seriously dodgy just cant believe they blatantly advertising so openly

Why not
All the big scams in recent times create legitimacy by various public means
Bitconnect being the biggest example

 

[isitfree]

There are a few issues I have with this post.
I've known Johann Steynberg for quite a few years, not as a friend, but as someone that follows what he is doing online. Yes, like many others Johann has also had more than his fair share of being part of ponzis like MMM, Kipi, etc. Even after years being online and trying to stay on top of deciding if something is legitimate or not.

I know the industry and was fortunate that I did not join those ventures and thus have a bunch of people angry at me for introducing them to those opportunities, but I've joined other opportunities that equally turned out to be bad for my business as well as others.

I know and understand Forex as well as trading EA's (bots) and know where their strengths and weaknesses are.
Johann found a trader with a bot that has been successful for 2 years, got involved and later got friends to jump on board testing it further to see how robust it is. Being the businessman and entrepreneur that he is, he felt comfortable to introduce the service to others. I've tested the service the past 5 months and am happy to see how it performs, and also with the fact that the bot developer is staying on top of how the bot performs in different market conditions to keep it profitable. After another year without even 1 day of negative trades, it is still the best service I've come across.

Don't be so quick to shout SCAM.

 

[ld13]

Don't be so quick to shout SCAM.

Ok, we will wait a while.
,,,
...
,,,
...
SCAM!!

He claims to have a liquidity provider. So no need to get outside investors. He could print the money, and simply hand it out for free, with less risk than what he is taking on now, by "letting people join in".

 

[isitfree]

...
He claims to have a liquidity provider. So no need to get outside investors. He could print the money, and simply hand it out for free, with less risk than what he is taking on now, by "letting people join in".

When you make claims, at least be consistent and proof those claims.
Do you know that all Forex Brokers are liquidity providers? That is why you trade against the Brokers (Market Makers) and not the market. The Broker is FXChoice since they accept Bitcoin as one of their instruments to trade with.
There is no need for investors at all. But if I had a bot that was as successful at that then I would also as an entrepreneur see how I can use that to my advantage to make even more money as well as provide a service. People are happy to receive a percentage of the revenue the bot creates and for members that typically works out to between 10% and 12% per month. Compound that daily, 5 days a week and you get exceptional growth.

 

[Speedster]

There are a few issues I have with this post.
I've known Johann Steynberg for quite a few years, not as a friend, but as someone that follows what he is doing online. Yes, like many others Johann has also had more than his fair share of being part of ponzis like MMM, Kipi, etc. Even after years being online and trying to stay on top of deciding if something is legitimate or not.

I know the industry and was fortunate that I did not join those ventures and thus have a bunch of people angry at me for introducing them to those opportunities, but I've joined other opportunities that equally turned out to be bad for my business as well as others.

I know and understand Forex as well as trading EA's (bots) and know where their strengths and weaknesses are.
Johann found a trader with a bot that has been successful for 2 years, got involved and later got friends to jump on board testing it further to see how robust it is. Being the businessman and entrepreneur that he is, he felt comfortable to introduce the service to others. I've tested the service the past 5 months and am happy to see how it performs, and also with the fact that the bot developer is staying on top of how the bot performs in different market conditions to keep it profitable. After another year without even 1 day of negative trades, it is still the best service I've come across.

Don't be so quick to shout SCAM.

One post wonders don't bring credibility, they reduce it even further. There is no way this scheme is legit.

 

[isitfree]

One post wonders don't bring credibility, they reduce it even further. There is no way this scheme is legit.

What do you offer as proof that this "scheme" is illegal in any way?

 

[bchip]

I know and understand Forex as well as trading EA's (bots) and know where their strengths and weaknesses are.
Johann found a trader with a bot that has been successful for 2 years, got involved and later got friends to jump on board testing it further to see how robust it is. Being the businessman and entrepreneur that he is, he felt comfortable to introduce the service to others. I've tested the service the past 5 months and am happy to see how it performs, and also with the fact that the bot developer is staying on top of how the bot performs in different market conditions to keep it profitable. After another year without even 1 day of negative trades, it is still the best service I've come across.

Don't be so quick to shout SCAM.

Well if its with FXChoice then its easy to link the account to a myfxbook account and it can be audited.
Show us the real results on a live account.

 

[bchip]

I've tested the service the past 5 months and am happy to see how it performs, and also with the fact that the bot developer is staying on top of how the bot performs in different market conditions to keep it profitable. After another year without even 1 day of negative trades, it is still the best service I've come across.

Lol 10-12% returns a week and no negative trades....now you know its a scam

 

[isitfree]

Lol 10-12% returns a week and no negative trades....now you know its a scam

Do you trade?
I've followed traders for much longer, and they consistently make much more than 10%-12% per month on average.

 

[Bewlen]

Well if its with FXChoice then its easy to link the account to a myfxbook account and it can be audited.
Show us the real results on a live account.

This.

Chances of it happening being 0%.

 

[isitfree]

Well if its with FXChoice then its easy to link the account to a myfxbook account and it can be audited.
Show us the real results on a live account.

They used to do that, then some people got smart and sold their trading predictions to others.
You should get the hint why they don't share their live trading. But they do share their trading results every trading day.

 

[bchip]

They used to do that, then some people got smart and sold their trading predictions to others.
You should get the hint why they don't share their live trading. But they do share their trading results every trading day.

Yes I do trade....so the 1 thing I know is that even the best traders in the world sit with negative days.

How could they sell the trading predictions, myfxbook shows past results?
If you want to convince us that youve outsmarted the market...show us in a real live account
audited bya a 3rd party, simple as that.
Giving us excuses of why you cant just keeps telling us even more its a scam

 

[isitfree]

This.

Chances of it happening being 0%.

I get it. You guys are not in favour of ponzis and scams, neither am I neither is Johann or any person who has been in this space for any number of years. Go on, warn people against ponzis and scams, but do it from a position of knowledge. Keep asking questions and keep digging for the problems, that way you serve us all. I appreciate the discussions, thank you.

 

[Bewlen]

I get it. You guys are not in favour of ponzis and scams, neither am I neither is Johann or any person who has been in this space for any number of years. Go on, warn people against ponzis and scams, but do it from a position of knowledge. Keep asking questions and keep digging for the problems, that way you serve us all. I appreciate the discussions, thank you.

No need to dig. The opportunity to prove legitimacy of your claims is being handed to you on a silver platter. But you are avoiding it.

Scam. Stay away.