Investment Opportunity

This is the simplest idea in which your money works for itself. Understanding that giving your hard earned PED to a player for his word sounds crazy, and it might be but for those that even invest 1PED they will learn just how quickly their cash will double, double then double again. You are GUARANTEED to make money the only risk you're taking is trusting me with your money, which I will prove to you will not be a problem. Now how does it work? I use you're money to buy things such as sweat and other items that I have a buyer for, when I sell the item that your money bought you get 50% of the profits back into your cash which then is reused to buy more items ever increasing until you withdraw.

Although more investors are better I only need 1 person to deposit even just .10 PED so you will see that this is a great opportunity.

Reply if interested and I'll schedule a meet-up.

Update with new info: At my average profit rate about +.083 (divided by two for profit split) your money will DOUBLE every 18,34,51 etc. transactions (one cycle of buying and selling) which may seem like a long time but for 1PED you're earning quite a bit of money for it sitting there.

Update #2: I now have my first client! He's a fellow society member. He's excited and is investing 5PED into my system feeling secure enough with my plan. Hopefully this will improve trust on this subject and will also show real numbers of payment.

Update #3: Found my second interested investor.

Update #4: Up to 4 investors now! Also have a template for a daily investment report showing the days sales, purchases, current investment and profit made. This template is to be improved in the near future to include more detailed information for those that like the hard evidence, it will take time though as I'm still in the process of developing a more efficient system to calculating the investments.

 

How long have you played Entropia for?

 

I hope I am not crossing the line with this post in your service thread. You can report the post to the mods if you are concerned and they will probably delete it. But my danger sense is triggered and I don't think I should ignore that

One the one hand I am super impressed that you keep looking for ways to build a business in EU. But it worries me that you are trying to play with someone else's money. We have a long history of similar business ventures in EU and they almost always end in tears. People go unexpectedly offline for extended periods, profits can't be verified, funds take major losses (which can't be verified), people lose their virtual shirts.

Sometimes, a player takes the money and runs.

If your business plan (reselling) is good then you don't need someone else's money to make it work. The only time I really see a need for an investment group is for major purchases for 100k+ ped - eg LA, moon, uber equipment. And even then the organiser needs a really solid reputation as there is no way in game to enforce agreements where peds change hands in exchange for promises of future benefits. And reputations take time to build.

 

Couple monthes ago

 

Yes there is the risk to ik and I understand that. Reselling is going good but since im trying to go non-depo having extra PED's avaible will make for quicker and larger movements. There is no losses to my system because I don't invest in MU I resell items I already have a buyer for. Why I want this to succeed is because it'll benefit me the active trader and others while they participate in larger activities. It is a system that works for both noobs and ubers. Altough you already seem not trusting of the system, just invest a PED and see what that gets you? You'd be my first customer and hopefully the start of many more and what's to lose 1PED? Please try it I'm in dire need of community involvement in any of my ideas.

 

I appreciate that you want to play this game , not depoing... However, you are asking other people to fund your game play.

If it was that easy to invest with the small amounts of ped you are quoting then everyone can do it themselves and cut out the middle man. (you)

Entropia is a fascinating game full of opportunity to evolve as a player here. With it being a real cash economy you will find it difficult for people to trust someone that has only been playing for about a minute with their cash. I don't want to stomp on your idea, but in the almost 8 years that I've played this game, I have seen people with similar idea's to you come and go.

Just because you say you wont scam anyone, doesn't mean it can't happen. you have no reputation in this game. Reputation is EVERYTHING here in Entropia.

All I'm seeing is someone trying to get others to fund his game play.

Why don't you try finding a job in the game? I myself pay people to advertise for my daily scheduled warp flights. Surely you could find someone like me that has a job for you?

My suggestion for you, take it or leave it is spend time getting to know the game... make friends, play it...build a reputation. If people haven't heard of you, they surely are not going to invest with you.

 

For as new as I am I think it may be surprising how many people have heard of me, as I often talk to people who have read my posts. The main issue I have with what you're saying is how you make it seem like I'm the bad guy by "having people fund my gameplay" which is not what I'm doing, I'm providing a service that exponentially benefits both me and the investor equally. You too should invest 1PED and see how it works, if it crash and burns like you say it will your loss is only a measly 1PED, if I'm right there's no "I told you so" you just end up making more PED that you can withdraw at any time. Whatcha say? For the record I've been looking for any type of job the whole time and the best has only been short term healing and buying items for my society, no long term jobs yet. (Although if you're hiring I'd be more than happy to work).

 

Actually, I never said or even implied that you are the bad guy. When you put an idea out for public consumption then you have to expect people to have a differing opinion.

I'm saying that I've played this game for just shy of 8 years and if it was that easy as everyone lining up to give you 1 ped each of their money, then why arn't there 1000's of other players doing that exact same business idea right now?

In my opinion only, and it's no disrespect to you. But if you've only played the game a couple of months then you are in no position to be trying to get people to invest their money in you.

Also, there have been many "trust" scams over the years in EU, and it usually starts out with someone taking small amounts of peds or items gaining someone's trust over time, until they hit them up for something bigger...and that's when they disappear.

Am I saying that you will do that? No. But, you really are too new in this RCE game to say hey trust me, you'll see.

Again, I'm not implying that you are up to no good. I'm just saying once again reputation in this game is EVERYTHING.

 

I would agree with both sides here. In principle, there is nothing wrong with the concept, however, the game does not give you the tools to implement it to the satisfaction of investors (certainly not to my satisfaction) and there is no investor protection.

Assuming you are genuine (and we have no way to verify that but at this stage lets just assume you are) and I was to give you an amount (lets say 100 PED). You use it to buy and sell 'stuff' and make a profit. I have no way of knowing how much you bought or sold and at what rates. There is no accounting, so you could buy at 100 PED and sell at 200 PED (which means I should see a 50 PED profit). However, you could easily tell me its been a slow week and you only made 10 PED and keep the rest.

As stated before, with no reputation (yet- this will come) there will be little trust given.

I think you need to find employment where your actions can be easily audited until you have built up a decent reputation. At that stage people may be more inclined to support more risky ventures.

Just my point of view.

 

Agree here with the majority of people. Seeing as it cant be tracked wether the results are real or not, its hard to put faith into something like that. Also what Ravenjade said is largely true as well, reputation is everything. Which also means people also need to agree in the way you do business if you want them to invest in you. Seeing that you havent been playing for that long, and from personal experience your ways of communication ingame are rather "turbulant" , that might make it a bit harder to setup a business like this which requires a lot of trust.

 

- How quick will it double?

I got 10,000 PED lying around which I would love to see grow.

Are you able to digitally sign legal documents and what country do you live in?

Cheers

 

It can be tough to hear/read criticism of your ideas and we need to be careful we don't squash the enthusiasm of new eager players. It can be difficult to not take this sort of feedback personally.

To OP, I don't think anyone here is saying you are a bad person out to take advantage of others. It's just that people who have played for some years have seen quite a few of these types of ventures start off small and well and somehow end up in a terrible place. It's an inherently risky proposition with no real feasible controls owing to the mechanics of the game. I could give you 10 ped and get 15 back in a day or a week or a month but that wouldn't set my mind at ease in terms some sort of longer term arrangement or bigger investment.

The sad reality is that crooks that intentionally set out to deceive me out of a lot of peds will most likely start off delivering on small scale and seek to build my involvement up over a period of time, waiting to rip me off until they can get a sizeable amount from me in one hit. That's the basis of a trust scam. And it's very difficult for me to tell the difference between a genuine person and a likely scammer. And I've got no recourse from MA or the law when it happens.

I don't think you are trying to scam me but the point is, if I am to give peds to someone for a loan or an investment (as opposed to a trade), then I have really tough criteria for justifying that risk. And it usually comes down to their reputation, my interactions with them over a long period and possibly some sort of real world knowledge of their identity, location and circumstances.

Even when someone is not trying to scam, shit can go wrong. You can get ill, your pc can break, your account could get stolen, your brother could shoot you in the knee, etc, so you either can't log on for an extended period, or don't have the peds available. All of these things have happened (except the guy was lying about being shot in the knee).

That's why when someone starts a thread like this, people sit up and take notice and try to dissuade you. It's not about you. It's about the people who have tried this before.

Regards,
KikkiJikki

 

The main issue I see here is really that if it was successful it would not only build the communities confidence for OP up, but also the business model.

I also believe that OP is way overconfident. Judging by his past performance which he shared here it is doubtful that he has any sort of experience backing up the claims about doubling the money.

I don't want to discourage OP but here is my advice: Drop the idea about fast money. Keep your ideas coming but put more time and effort into them. Eventually you will find something that ends up successful if executed correctly. If you want a business that runs on other people's money, make sure that it works on a small scale first. Track and present those results.

 

Additionally, I dont see this concept as scalable. Whilst it may be reasonably straightforward to make a good return if I were to give you 10 PED, it is a whole different issue if I were to invest 1k or 10k PED. With 10 PED you could buy and sell sweat, crafting mats etc etc which many do. But with a much higher bank roll, that is far too time consuming (even if there are buyers who are after 10k PED worth of sweat).

I agree with KikkiJikki (what a name to type) and I dont mean to disuade you from coming up with ideas, but I feel that due to the nechanics of the game, this would be very diffciult to implement.

 

I can't bring myself to take anyone for a serious trader who hasn't enough own ressources to cough up the necessary startup investment for a stockpile any serious crafter would want to talk to you about, or that is worth auctioning. I've met a few at Twin Peaks whom I sold like 10 ped loot to, and when I returned with 20 they said they can't because all they had was proceeds from previous sweating. Come on, you don't want to make a fool of yourself this way. If you need funding for such a (or any) business venture, you have to find it among those who already trust you in the real world. Everybody here means well. For as long as their patience lasts.

That said, the whole system is flawed enough along with the perception of MA as so impervious and unresponsive that there is genuine demand for solutions. I believe any such solution requires a concerted effort to get them to move, and the opposite of people on their egotrips. Suggestions are discussed in other threads around here and other planet forums, to which I will add when I can iron out my own frustration into something coherent. I would cordially invite you to use your momentum to partake in this process. When everybody benefits, so will the individual. (I am normally all for individual business and not with any sort collectivists in the political spectrum, but some conditions just call for working together to get anything done at all.)

 

I move around 80PED worth of sweat idk what is a large enough stockpile but I hold around 50k at a time.

 

To the one person who had completely positive feedback, thank you. I thank the rest of you too as any feedback helps me to think how to better this idea. WhiningSkeptic for the safety of yourself I won't take 10k, 1k or anything more than 100PED as I myself don't even know how effective it will be although I promise any money back. If you're truelly interested than even 1PED is an exeptable investment. Reply where to meet and when (EU time) and we'll work something out. As for legal documents no I can't do anything "legal" I don't have that capability yet, I can only offer you my word. From the feedback of others though I will develop some sort of payment proof showing the item, whether bought or sold, the total price, the price per unit (for sweat I consider 1k a unit), how much your money made and how much you're money earns to enable you to track your money's progress sort of like giving you an update to your bank balance. I'm really excited to see how well this will work and hopefully gain more clients as well as better buyers and sellers for trading.

Till later -Gotabecoolman

 

Read update shows doubling rates.

 

I don't know what "better buyers or sellers" are. Those who are more willing to cut their own flesh for your profit? If you could easily double every ped you take in, you'd go about your business and be very quiet just smiling all the way to the bank.

There is increased demand for sweat since introduction of the passport mission, which is a good thing. But even if I was a new arrival in a hurry, there are just so many sweaters desperate to unload their stuff that I don't know why I would need a middle man at all. Some don't care about spending a few ped more for convenience, but most who do and are familiar with this game would know better.

You have a very self-centered world view and I've about had it trying to get any argument across, or witness the others' futile attempts. It's just not getting in. This is a very nice forum with vey nice and supportive people. So I will quit here because my fuse is getting dangerously short.

 

Big problems are un your future if you keep making promises you cannot or may not be able to keep. Big loss potential exists for you and all investors using you as their mule account so to speak... long history exists of those whose shoulders you are trying to stand on. Http://entropiascams.wordpress.com/2015/01/02/entropia-scammers-list/