Binance End Game Thread

[Don]

Oi Baz, turn it off you prick.

[Spikey M]

Pussy.

[Baz]

Oi Baz, turn it off you prick.

I think the ship has sailed.

[Spikey M]

Yeah, that looks pretty terminal.

[Baz]

I could manually close the trades and try to recoup 3k but then again a miracle could happen.

[Yevrah]

The next thing we need to do is sign a pact stating that no one is allowed to suggest a get rich quick scheme from this point onwards. It’s the only way to deal with fomo.

[Baz]

How’s your crypto bot doing @7om?

[Dark Soldier]

PYR has 3x in the time this has been going y'all could be riding the DS gravy train

[Sir Andy Mahowry]

In DS we trust.

[Spikey M]

I could manually close the trades and try to recoup 3k but then again a miracle could happen.

You presumably still have atleast a grand of your money there? I wouldn't be taking input from the others really (maybe Yev, Offy and anyone else who put in a bigger chunk), do what you reckon.

I'm no expert, but I can't see this ending with anything but death. There's fuck all Margin left.

[Baz]

Look at the £300 scrote trying to direct the £5k (and just took out a loan) chad.

Ironically the loan is for £8750. Before this went south my share was £8723.68.

[Don]

Spikey, wind your neck in, will ya pal? Fucking got geezers with no involvement chatting breeze up to our tits in here. It's a coin toss as to whether the EURUSD picks up or not.

[Spikey M]

At present your investment is about £10 more than mine you dribbling spactard.

[Lewis]

Ironically the loan is for £8750. Before this went south my share was £8723.68.

Was the five grand you put in most/all of your previous bot gains?

[Baz]

Was the five grand you put in most/all of your previous bot gains?

Not really. I previously broke even, I think. This was real money.

[Luke Emia]

Fucking hell if Mike wasn't the favourite he's definitely going to be this weekend...

[Sir Andy Mahowry]

Let's do this then? New thread or continue here?

Anyway, I've withdrawn my initial 5k this morning and left £1300 behind to continue making small profits. Now the plan is to put it my 5k into a new pot on Saturday night, to begin trading in the early hours of Monday morning.

I've also come up with a model to show how people can get involved:

Toggle Spoiler

All names and figures are completely imaginary.

If TTH contribute, I will still only be taking my share of the profit and nothing on top. However, because you would be making the pot bigger, the daily profits will be bigger than they would have been without additional investment.

Can anyone see any major flaws or have I nailed this? (Feel free to make suggestions.)

If it looks good to go, who wants in? You can contribute anything from £10 upwards, any amount (rounded to the nearest £10/£25 OCD purposes).

You won't be able to "buy in" after it's started. Latest to pay in will be midday on Saturday 11th June 2022. Can send it via Paypal, bank transfer or crypto.

I'LL REPAY EVERYONE 25%/£100 (whichever's smaller) IF EVERYTHING IS LOST.

PLEASE BE AWARE EVERYONE WILL BE ABLE TO SEE EACHOTHERS CONTRIBUTION

ORIGINAL PLAN WAS TO RUN FOR 6 MONTHS AND WITHDRAW THE LOT JUST BEFORE CHRISTMAS but we can discuss when people might want to withdraw, eg if their individual balance reaches X, on a specific date, etc. if you want.

When can we expect our repayment?

[Pepe]

[-james-]

[Don]

Kick Mahow out once it recovers pls.

[Baz]

I’ve had the margin call notification. Game over, lads. Soz.

Buying a car at the moment so finances are spent, so gimme some time to reimburse the £725.

[Yevrah]

I don't want any of mine back Baz.

[Spikey M]

Downgrade the Skoda to an Uber and cough up, lad.

[SvN]

I'll have Yev's.

[Kikó]

Let's reevaluate at Christmas

[Pepe]

For fun I have been working on a machine learning based investment bot, similar to Baz's but obviously better. I should be ready to put it into operation soon. If the first couple of trials go well I will let you know.

[Kikó]

What are your bank details Pepe?

[Sir Andy Mahowry]

For fun I have been working on a machine learning based investment bot, similar to Baz's but obviously better. I should be ready to put it into operation soon. If the first couple of trials go well I will let you know.

7om is next in line you prick.

[Spikey M]

CryptoCon is LIVE.

[Spikey M]

Why is the bot still going Baz?

[Pepe]

7om is next in line you prick.

That's ok, mine is still a few months away from being at a level that I am comfortable with. That should give 7om plenty of time to lose your money.

[Pepe]

Why is the bot still going Baz?

At this point shutting him down would be cruel. Let the bot do his thing.

[Boydy]

@Pepe, let me see?

[Lewis]

7om is next in line you prick.

Chinance. No thanks.

[Ben]

I’ve had the margin call notification. Game over, lads. Soz.

Buying a car at the moment so finances are spent, so gimme some time to reimburse the £725.

I don’t want mine either.

[Giggles]

Send me my £100 tomorrow by midday.

[Danny]

I don’t want mine either.

Same.

[Spikey M]

I will have the free money everyone is turning down.

[7om]

7ombot didn’t work out. Just couldn’t get it stable so I bailed.

[Spikey M]

Pepe's Cartel money laundering scheme it is.

[7om]

Can’t wait for the FBI to raid TTH for wire fraud

[Offshore Toon]

I don't want repayment either, Baz.

[-james-]

Weirdos

[Sir Andy Mahowry]

I'll take a share of the rejected funds.

[7om]

So what did Baz mean when he said the margin was called? When the stream went offline there were still a lot of trades open so what happens to them?

[Ben]

If your margin gets to a certain level then the software will automatically close trades at their current position.

[Pepe]

@Pepe, let me see?

Once it is ready I will share the code with everyone. Full transparency.

[Lewis]

Got smashed yesterday on the Nasdaq. Dropped 3.5% and I was buying into it. Margin called. Game over.

Smaller accounts are difficult and you have to blast through levels and basically lay the whole account down to get anywhere, so there's always a risk. 25-50k is the sweet spot I think. You can play it differently. The big one is definitely doable and if we'd started in May 2020 rather than a big fuck off bear market we might have. Also I would've happily shorted the fuck out of that crypto ponzi for 2 months at 125%, so shame Binance locked the UK leverage account out. But we didn't, so fuck it.

I'm obviously not going again. It is exhausting trading that close to the edge and I'm focusing earning a living on my other account (more capital, slower pace), plus I think losing other people's money twice is more than enough.

So yeah, soz. 10 mil from 5k was a big ask, but I do wish we'd done it at a better time. We'd have cleared targets quicker and far less exposure to getting shagged. Ruthless environment at the min.

Six months (yesterday). How close it he to paying us back?

[Giggles]

I’d say if he came back with a new scam everyone would instantly fall for it all over again.

[Offshore Toon]

Can confirm.