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FIB - Scams 101 - Ye Olde Archives
Posted By: Dave Mauder (eDave) <dave@NOSPAMmauder.com> In Response To: A little more info (Savage)
Sunday, 23 January 2005, at 11:52 a.m.
Savage:
You raise many good points, and for the purposes of this board, I think people should be advised to stay away from DXGold. Especially now that the merchant consoles are closed to new investors. Who knows what's coming next?!
On a couple of the things you said about trading, I will differ...
> Notice some of the recruiters examples. They give the open and the close
> of the transaction but not one word of what was invested and what was
> returned. If the returns are so fabulous they'd put that in there, would
> they not?
I'm more than happy to share exactly what I invested and what my returns have been. Out of pocket back in Nov. 2004, I put in $700 and today my portfolio is worth ~$4,700. If you like, I can even post some screen shots on my site for you guys to see.
> Ask your recruiter for detailed information on his trades. Not just when
> he started one and when it ended but what did he invest and what was
> returned? Look for things like the trades being in close chronological
> order, no gaps of days between trades. They can't on the one hand tell you
> there are more trades out there than anyone can handle and then on the
> other hand show days where they weren't trading at all. NOt if their goal
> is to make money for themselves. And don't let 'em tell you they were too
> busy to get to it, it's once every six days as I understand it. Nobody is
> that busy when it's this outstanding opportunity to make all this money.
I'm also happy to give detailed information about my trades. For instance, I ran an OutX last night via my console and here are the results:
DXG-T-EG EG-SHWKD6SHG Jan 22 2005 5:15PM $350.00 DXG/USD DXMGNServer
ICB 2220E9V 1/22/2005 - 5:16 PM $22.79 DXG/USD edavedxm
It's kinda hard to read that way, but basically, I processed an OutX from DXGold to egold for $350.00 and right after that you see the ICB (instant claim bonus) of $22.79. That's about 6.5% if my math is right.
Then I processed two claims:
DXC-CB EG-E7YMDJXTX Jan 22 2005 5:20PM $11.45 DXG/USD DXCBonusServer
DXC-CB IN-QBEHT8RRM Jan 22 2005 5:24PM $50.44 DXG/USD DXCBonusServer
And the amounts shown there are the claim bonuses which are instantly added to my console float. I think the total amount I had to InX for those two claims bonuses was right around $700 or so. I can get the exact number if you're curious.
As you can see from the times, I made $84.68 in 9 minutes of trading. This is not uncommon, but in my case, my limited funds run out rather quickly and I then have to wait days (possibly) to OutX them again to ecurrency so I can trade some more. If I had more to work with, I could have kept doing similar trades and collecting those bonuses.
Dave
Over Here, YOUR Money Matters!
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