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FIB - Scams 101 - Ye Olde Archives

No more eyeball poking!

Posted By: Dave Mauder (eDave) <dave@NOSPAMmauder.com>
Saturday, 22 January 2005, at 8:50 p.m.

In Response To: Poking out my own eyeballs!! (MaaMaw)

There you are MaaMaw! I've been wondering why you haven't responded to my emails, and you've been over here the whole time chatting it up! I guess if I'd been visiting the board like I should, and not poking MY eyeballs out with the website facelift, I would have talked to you sooner. :-)

Anyhoo... I can't remember if I told you this during our email exchanges, but for at least the first 2-3 weeks of my eccurency trading 'career', I only did pre-pay (P4) trades with other merchants. Today, since DXGold is closed to new merchants until the new system is released, I guess P4 trades is all you can do.

The P4 process is basically this:

1. You go to http://www.dxprepay.com or http://www.request.dxprepay.com and you request a P4 transaction. Let's say you have $100 egold to use...you put in your request, telling all the merchants what you have. One of them will jump on it like a fly on crap (usually within a few seconds, sometimes minutes, VERY rarely days).

2. They will generate a pre-payment to your DXGold account for 105% of the amount you invested. Or 107% for investments of $1000 or more.

3. You go to your DXGold account and "claim" the $105, but it's not actually released to you until...

4. You transfer the agreed upon eCurrency ($100 egold in this case) to the merchants egold account.

5. The merchant releases the funds to you which goes into your DXG available balance. You just made 5% on your money in a few minutes.

6. You can then transfer (OutXchange) the funds from your DXGold account into the ecurrency of your choice and do it all again. OutX's cost you 2.85% and can take a few days, but I've been getting $250+ OutX's processed in under 6 days.

Since the OutX costs you money, your net gain is around 2.15%. But hey, where can you make that on your money, over and over again, every few days??

So, you can do P4's until you're blue in the face, and it will get you comfortable with processing basic transactions.

Let me know if that helped anyone...

Dave

> I got as far as funding my portfolio and buying digot-doohinkies in 3
> companies -- and now I'm not quite sure what comes next. I *think* I'm
> waiting to be "debit qualified" or something -- which I *think*
> will happen after one more cycle.

> I got in for two reasons:

> I think it will be *great* fun...

> and by putting in just a tiny bit of money (a whopping $35), I have
> nothing to lose, but if I keep reinvesting every penny, taking out
> nothing, I hope eventually to have enough in there to create a steady
> mortgage payment every month without the ups and downs I've experienced
> with my internet sales. (I'm okay with it taking two or three years, as
> long as I see it creeping up).

Over Here, Your Money Matters!

Messages in This Thread

Have you read MAAMAW'S CLICKY NOTES today?
Excuse me... You MISSED them??
At the top o' the page in the blue bars (sheesh!).

Trading Ecurrency (views: 785)
Mike Cleveland -- Thursday, 20 January 2005, at 8:27 p.m.
- Poking out my own eyeballs!! (views: 938)
  MaaMaw -- Thursday, 20 January 2005, at 8:56 p.m.
  - Re: Poking out my own eyeballs!! (views: 784)
    Mike Cleveland -- Thursday, 20 January 2005, at 9:02 p.m.
    - "It takes a simpleton" (or was that "a village?")..... (views: 783)
      MaaMaw -- Friday, 21 January 2005, at 8:12 a.m.
  - No more eyeball poking! (views: 852)
    Dave Mauder (eDave) -- Saturday, 22 January 2005, at 8:50 p.m.
    - Bless you, Kind Sir!! (views: 784)
      MaaMaw -- Saturday, 22 January 2005, at 9:54 p.m.
      - Re: Bless you, Kind Sir!! (views: 766)
        Dave Mauder (eDave) -- Saturday, 22 January 2005, at 10:54 p.m.
      - Did you check out the faelift? (views: 767)
        Dave Mauder (eDave) -- Saturday, 22 January 2005, at 11:06 p.m.
        
        I think it looks great!! :-) (DNO) (views: 743)
        MaaMaw -- Sunday, 23 January 2005, at 12:19 a.m.
    - What's your opinion? (views: 954)
      Steve MacLellan -- Sunday, 23 January 2005, at 4:29 a.m.
      - I think Mazu's course is too expensive (views: 977)
        Dave Mauder (eDave) -- Sunday, 23 January 2005, at 6:33 a.m.
        
        Hey Dave, are you still thinking of writing your own?? (views: 971)
        MaaMaw -- Sunday, 23 January 2005, at 7:21 a.m.
        
        You'll get a kick out of this! (views: 899)
        Dave Mauder (eDave) -- Sunday, 23 January 2005, at 9:12 a.m.
        
        Let me know? (views: 809)
        Steve MacLellan -- Monday, 24 January 2005, at 2:30 a.m.
        
        To see someone like you saying you wouldn't mind trying it.... (views: 774)
        MaaMaw -- Monday, 24 January 2005, at 6:36 a.m.
        
        Re: To see someone like you saying you wouldn't mind trying it.... (views: 737)
        Steve MacLellan -- Monday, 24 January 2005, at 8:41 a.m.
        
        add me to that list too please! .........dno (views: 741)
        Mana :) -- Monday, 24 January 2005, at 7:37 a.m.
- Re: Trading Ecurrency (views: 848)
  Randy -- Thursday, 20 January 2005, at 9:51 p.m.
  - Daily Dose of Tim - When will they ever learn? (DNO) (views: 862)
    The Tim -- Friday, 21 January 2005, at 7:22 a.m.

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