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about BTC investment project

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dremis
Traffic Value: $23,441.96122 Spain
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30/01/2019 22:16
becouse it was stated that if the proyect didnt generate profits, in a year(01/08/2018) we would be refunded 90% of invested value. I guess that is why people invested in it, at least that is the reason I did it, the FTQ on the other hand hasnt got a fixed date of repayment.
jordy186
Traffic Value: $868.5955 Netherlands
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30/01/2019 22:53
@fraser

there is more then enough in mark and portfolio account to cover those rp's, there is no need to issue more rp's


MarcdeKoning 53,248,460
portfolio 52,820,761
fraser
Traffic Value: $11,569.46477 Australia
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30/01/2019 23:09
@dremis  
I wasn't aware (or didn't remember) the 1 year promise, so fair enough regarding the priority over FTQ.

@Jordy
Given the current RP prices, refunding the crypto fund via:

- portfolio - is terrible for the business
- Marc's account - is terrible for Marc
- new RPs - terrible for everyone

Just taking another look in the project page it states:

pen Sans">Project Premises


pen Sans">All of the money invested in the campaign will be used to trade cryptocurrencies for a period of ~4 months. The money will be spread among various positions and treated with the most care possible.



pen Sans">Specifications
pen Sans">The CEO has a passion for cryptocurrency trading.
pen Sans">After having a number of series with profitable returns there was a demand for a cryptocurrency pool managed by the CEO.
pen Sans">After giving it some thought we now enable you to potentially make a good return based on the cryptocurrency knowledge and trading skills of our "captain".

pen Sans">This gives no indication of who carries the can if/when it all goes wrong.  I have no doubt Marc has better than average crypto trading knowledge, however every person who thought they were a trading genius on the way up has learned that they weren't on the way down.  Even tougher when it's with other people's money and you've offered a guarantee on losses.  
klikdiva
Traffic Value: $1,701.2323 Honduras
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31/01/2019 05:33
No matter whose bag the RPs to refund the crypto fund come from. 

The moment they are refunded, no doubt those RPs will be dumped in the market.

I'm sick and tired of seeing the prices of RPs going down diluting even more my original investments! 

Find another way that don't screw the rest of us for a few who already knew they were getting into a gamble.
jordy186
Traffic Value: $868.5955 Netherlands
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31/01/2019 06:24
@klikdiva

I can agree with you , still i dont think the market wont go down much more then it is now.
Even it might be more fair to create FTQ positions and put them in the back of the FTQ. Those investors have waited much longer to get their return
klikdiva
Traffic Value: $1,701.2323 Honduras
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01/02/2019 16:03
@jordy186

You could be right and RP market might not go down much, but you know what? I don't want to find out. As it is right now is just perfect. And a change like that might ruin it for me, as here the dumps always come when I'm on the wrong side of the trade.

Your proposal to put the crypto investors in the back in the FTQ seems more sensible to me than giving them RP's. Got my vote!
fraser
Traffic Value: $11,569.46477 Australia
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04/02/2019 03:25
I'll ask the question again more directly to hopefully receive an answer:

@Marc or @Slosumo

Where will the RPs come from that will refund anyone wishing to be refunded from the Crypto Trading Fund?
slosumo - Administrator
Traffic Value: $28,438.4426 Slovenia
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04/02/2019 09:33
RPs will come from portfolio account.

I'll be going over any refund requests in a bit, as I've been sick the past few days so couldn't get to it.
fraser
Traffic Value: $11,569.46477 Australia
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04/02/2019 10:30
Appreciate the response. Hope you're feeling better soon.
vicura
Traffic Value: $4,969.3683 Spain
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05/02/2019 17:23
The amount of RP will be depending on the RP prices bid or sell price?

And also, now that the market is dancing between 0.0007 and 0.0008 with very few volume, what will be the price? In my case that difference of price will be of about 600$ and will be an important fact to think if leaving the money or asking for a refund.

Thanks in advance smile
DomingoX6 - Administrator
Traffic Value: $2,272.07399 Venezuela
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06/02/2019 13:04
@vicura

MarcdeKoning: "We will refund with royalty positions, based on bidding prices.
Add 3% on top to cover the fees for a 92.7% refund."
totoer008
Traffic Value: $1,804.70567 France
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06/02/2019 13:47
Maybe in this specific case we could propose different options for people who invested?
- An option to keep the money, aka keep investing in trading or something new (for example invest in other websites like Diversity Funds)
- exchange for RP 
- invest in the FTQ and wait until it gets cleared out (115 plan for example)
- Buying BAP packs ?
I honestly think the management team should be strategic in how they "deal" future or current failed operations. I have no doubt the team is doing its best and is trying to keep it as honest and efficient as possible, however honesty and good faith is sometimes not enough, people want results and especially fruitful actions. 
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