DIGITEX "Bitcoin Futures Trading" [Archive] - RealScam.com

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shipdit

01-09-2018, 10:28 AM

21209

WARNING

DIGITEX (:https://digitexfutures.com") has a business plan designed to make > them < real money while promoting the idea that all you need in return is a promise that their worthless tokens are worth the real money that you gave them.

Sounds like a great idea? They'll even make it easy for you:

1. Send them real money.

2. Receive their worthless tokens in return.

3. Enjoy your time staring at your computer screen getting goose bumps as your worthless tokens magically multiply.

DIGITEX (:https://digitexfutures.com") does requires you to believe that:

1. Traders speculate on the price of Bitcoin against the US dollar.

2. They can be successful enough at speculating on the price of Bitcoin against the US dollar that they can pay a 30% referral fee to the shady pimps who are willing to promote this SCAM to gambling addicts plus the usual gullible and/or greedy people.

DIGITEX (:https://digitexfutures.com") features a sideshow involving them announcing:

1. That maybe because so many people will want to play their tokens game by sending them real money that their limited supply of tokens will maybe increase in value.

2. That it's a "no cost" exchange! ... Because they promise that the only way they get paid is "by creating a small number of new tokens each year" that they give to themselves.

3. That of course as with any Ponzi SCAM, they also have the option of just keeping all that real money you send them for themselves and leaving you staring at the worthless tokens on your computer screen.

This sounds like a real recipe for disaster, doesn't it?
No idiot would fall for this sh*t, right?
So why am I wasting my time writing this?

Because the core of the DIGITEX (:https://digitexfutures.com") plan to get > themselves < rich off this SCAM is:

PAY THE GREEDIEST, MOST CORRUPT "PROMOTERS" A WHOPPING > 30% < REFERRAL FEE

The worst Ponzi pimps are already fighting each other for the pool of suckers:

Simon Stepsys (http://www.realscam.com/f8/betrobot-jet-coin-fake-cryptocurrency-simon-stepsys-4815/index13.html#post118971)
Faith Sloan (http://queenwiki.com/blog/2018/01/digitex-futures-exchange-ico-token-sale-no-fee-exchange/)
Ari Maccabi (http://www.realscam.com/f11/ari-maccabi-ponzi-pimp-his-brand-4844/index3.html#post118980)
Steve Lawson (http://www.realscam.com/f11/steve-lawson-bombards-his-potential-victims-emails-4480/index49.html#post118989)
Danny Turner (http://www.realscam.com/f8/betrobot-jet-coin-fake-cryptocurrency-simon-stepsys-4815/index13.html#post119039)

Spitting out 30% of incoming money up front will make DIGITEX (:https://digitexfutures.com") one of the most short-lived Ponzi SCAMS of 2018.

SD

.

littleroundman

01-09-2018, 12:46 PM

If shipdits' post didn't convince you DIGITEX is a low level ponzi scheme designed to steal your money,

Check out who's pimping it:

https://imageshack.com/a/img924/5914/YGwXSC.png

Yep, our old friend and serial pimp, Michael Colucci.

Be warned, Colucci doesn't do "long term" or legitimate.

His recommended programs disappear with your money quicker than you can say "Holy ripoff"

So, now we have Septic Simon Stepsys, Michael Colucci, Danny Turner, Steve Lawson and Ari Maccabi all trying to pimp this one right at the bottom of the current ponzi cycle.

I'm thinking we are totally justified in saying anyone who loses their money to DIGITEX deserves to.

EagleOne

01-09-2018, 01:23 PM

I'm shocked that Frank Jr, Bigg, Coach Darren, William, the former serf for TM, Bryant, Sharon and all the US USI-TECH major pimps aren't all over this.

EagleOne

01-09-2018, 05:36 PM

Now that I have had time to view their website, saw who was part of the management team, and checked out where they were registered: DigitexFutures.com: Digitex, Ltd. Global Gateway 8, Rue de la Perle, Providence, Mahe, Seychelles what possibly could go wrong and make people worry about them disappearing with the money? (cough, cough)

okosh

01-09-2018, 07:39 PM

Admin for this scam says his name is Adam Todd...
https://www.reddit.com/r/DigitexFutures/comments/7p00ty/im_adam_todd_founder_ceo_of_digitex_futures_ask/

okosh

01-11-2018, 01:20 AM

In house forums where the admin can ban any member and even just delete the whole forum when they ready to run is a HUGE RED FLAG!!
https://community.digitexfutures.com

okosh

01-11-2018, 01:31 AM

This sounds like a real recipe for disaster, doesn't it?
No idiot would fall for this sh*t, right?
So why am I wasting my time writing this?

Because the core of the DIGITEX (:https://digitexfutures.com") plan to get > themselves < rich off this SCAM is:

PAY THE GREEDIEST, MOST CORRUPT "PROMOTERS" A WHOPPING > 30% < REFERRAL FEE

The worst Ponzi pimps are already fighting each other for the pool of suckers:

Simon Stepsys (http://www.realscam.com/f8/betrobot-jet-coin-fake-cryptocurrency-simon-stepsys-4815/index13.html#post118971)
Faith Sloan (http://queenwiki.com/blog/2018/01/digitex-futures-exchange-ico-token-sale-no-fee-exchange/)
Ari Maccabi (http://www.realscam.com/f11/ari-maccabi-ponzi-pimp-his-brand-4844/index3.html#post118980)
Steve Lawson (http://www.realscam.com/f11/steve-lawson-bombards-his-potential-victims-emails-4480/index49.html#post118989)
Danny Turner (http://www.realscam.com/f8/betrobot-jet-coin-fake-cryptocurrency-simon-stepsys-4815/index13.html#post119039)

Spitting out 30% of incoming money up front will make DIGITEX (:https://digitexfutures.com") one of the most short-lived Ponzi SCAMS of 2018.

SD

.

Add Ken Russo to the list of scammers pimping this one....

January 10, 2018

Greetings Everyone,

Very Important Follow Up

I have every reason to believe that an investment in the Digitex
platform will be one of your best moves in the crypto space in
2018. However, you must be prepared to move quickly on January
15. In order to participate you must have a funded Ethereum wallet
as Founder & CEO Adam Todd explains at the Digitex website. Here
is the most recent update posted there....

Begin update
-----------------------------------------------------------------------------------
DGTX Token: Best Bitcoin Futures Play For 2018

Bitcoin futures trading is going to explode in 2018. ETrade, Ameritrade,
Interactive Brokers etc have just started marketing the CME’s new
Bitcoin futures contract to their tens of millions of customers.

Millions of active traders from the “other side” will soon discover the
crack cocaine of trading on volatile markets that never close, and they
will spend hundreds of billions of dollars on their new habit in 2018.

Digitex’s commission-free Bitcoin futures exchange, which launches
mid 2018, will be an attractive alternative to these traders who will tire
of the high transaction fees on CME that make short term trading virtually
impossible. Launched on a stable, fast and secure platform with an
intuitive one click vertical trading interface, the Digitex Futures Exchange
will attract large numbers of small retail traders for whom CME’s offering
will be prohibitively expensive. Digitex will give those traders the very real
chance of actually making a profit from their trading.

As the native currency of the Digitex Futures Exchange, the DGTX token
will be in high demand from those traders who must own DGTX tokens to
participate in Digitex’s commission-free futures markets.

Buying DGTX tokens now for only $0.01 with the aim of unloading them to
those traders in 6 months time is the perfect play to capitalize on the explosion
of interest in Bitcoin futures trading that will occur in 2018. And at such a low
starting price, there’s big upside potential upon the successful launch of a stable,
solid platform.

The DGTX token sale starts at 9am EST on January 15th. Here’s how to buy
DGTX tokens:

Buy the cryptocurrency called Ethereum (ETH) from an exchange like
Coinbase.com or Kraken.com.

Create an Ethereum wallet at www.MyEtherWallet.com and send your ETH
from Coinbase or Kraken to your new wallet.

On January 15th, send ETH from your MyEtherWallet to the DGTX Token
Sale address that we will publish on our website.

When the DGTX Token Sale smart contract receives your ETH payment it
will automatically calculate how many DGTX tokens you should receive
(at $0.01 per DGTX token) and it will send that many DGTX tokens to your
MyEtherWallet.

If you buy DGTX tokens in the first week of our token sale you will also
receive a bonus of 20% extra DGTX tokens. So if you send in $1,000 worth
of ETH you will actually get 120,000 DGTX tokens.

Any questions just send us an email or drop into our Telegram channel and
we’ll be happy to help. For now, all you need to do is get your Ethereum
wallet set up and loaded up with some ETH and ready to go for January 15th.

We’ve been blown away by the massive response to our upcoming token sale
and want to say a huge thank you to everyone who believes in the project. If
the last week is anything to go by then Monday morning could be a bit crazy
�� But we’ll be all hands on deck and our support staff will be available on
email and Telegram to help you with the process of buying DGTX tokens.

Refer your friends to the DGTX token sale and earn 30% of whatever they
spend. Your 30% referral payment is in ETH.
----------------------------------------------------------------------------------------------
End update

See this update and all of the updates at this link....

https://digitexfutures.com/dgtx-token-best-bitcoin-futures-play-for-2018/

In response to my initial advisory I am receiving many messages like
this one.....

-----------------------------------------------------------------------------------------
Hi Ken, Just to let you know I have signed up for Digitex using your
referral link. Going through the information I have realized that the
only way to participate (to buy DGTX tokens) is with ETH (Ethereum).
Unfortunately I don't have ETH account and they recommend to have
MyEtherWallet. Just wondering if you are able to transfer some ETH,
( I can pay you back by PayPal ). Let me know if you can so I can pay
you and set up MyEther Wallet. Thank you in advance for your assistance
Edward
------------------------------------------------------------------------------------------

I would certainly like to assist. However, the are 2 main reasons why I
cannot provide ETH funding assistance....

1. I am receiving too many requests.

2. I do not wish to dilute my ETH holdings simple because Ethereum is
very bullish lately. Just one month ago the value of 1 ETH was $451. As
I write this update 1 ETH is worth $1284 and I expect the value to continue
to rise substantially.

Here is my best advice.

Review all of the information at the Digitex website. Click on this link...

https://vrlps.co/a?pt=24egHeF-mYgN9sCzFHAbpvZzKrw&referralCode=HypX6NgEG&refSource=copy

Enter your email address and click on "STEP INSIDE"

Review all of the information. At the top right corner of the website you
will see a link with 3 blue lines. Click on it reveal a menu with these
options....

Home
Token Sale
Refer and Earn
White Paper
News
Community +

Click on the + link and you will see a link to the Digitex forum. Here is a
direct link to the forum....

https://community.digitexfutures.com/

You will see this discussion listed.....

"Wallet requirements for the Digitex Token Sale (ICO)"

Here is a direct link to that forum thread....

https://community.digitexfutures.com/discussion/45/wallet-requirements-for-the-digitex-token-sale-ico

You will see all of the information you need in order to participate in the
Digitex ICO.

Copy of original advisory

================================================== ==
Crypto Newsletter # 4 - What To Look For In An ICO - Today's Pick -
Digitex (DGTX)

January 8, 2018

Greetings Everyone,

What To Look For In An ICO

There are 3 major aspects of an ICO to consider when deciding
whether or not to participate in the platform. These are.....

1. The Development Team

Who is behind the ICO and what is their experience? If they do not
provide any information at their website this is a huge red flag!

2. Does the new coin solve a problem and/or seek to improve an
existing platform?

An excellent example is Ethereum (ETH) which was developed to
solve problems that Bitcoin did not or has not solved. Just today it
was trading at a historic high of about $1200. It was trading at about
$250 just 6 months ago.

3. The Cost To Participate

When we have the chance to purchase a token for $0.01 (one cent)
we have lots of room to grow. An excellent example is Electroneum
which was the subject of my first Crypto Newsletter which I sent on
October 6. At that time we had an opportunity to purchase ETN tokens
for $0.01. The value of the coin reached a high of $0.23 on January 6.
This means if you purchased $100 worth of ETN 3 months ago and
held, your investment was worth $2300 on 1/6. While it is very tempting
to sell, I continue to hold all of my ETN because I anticipate a rise to
$1 to $3 in just a few months and then continued growth as the year
progresses and the platform evolves. When it reaches the $1 mark your
investment of $100 will then be worth $10,000. If it reaches $3 the same
initial investment will be worth $30,000. Now consider this. What if one
year from now it reaches $30? Your $100 investment would be worth a
life changing $300,000! And what if it reaches $100 or more? We can
dream right?

Related videos....

ELECTRONEUM IS AT 20¢ THIS IS WHY.
10:17 min
https://www.youtube.com/watch?v=efIaYFKofco&t=371s

Electroneum Price Rises After News of Telecom Agreement
12:36 min
https://www.youtube.com/watch?v=go3jo_D5JYw

ELECTRONEUM UPDATE - ETN PRICE ANALYSIS AND
PREDICTION. $1 TO $5 BY END OF THE YEAR...
14:22 min
https://www.youtube.com/watch?v=cT8fab3X2ks&t=299s

The best way to educate yourself with regard to the viability of any ICO
is to do "What to look for in an ico" search on YouTube. You will find
discussions like these...

How to Choose the Best ICOs to Invest In
7:26 min
https://www.youtube.com/watch?v=PLoDoZI6wcQ

Initial Coin Offering: Cutting Through The BS
14 min
https://www.youtube.com/watch?v=toekAsw6MCA

Initial Coin Offering (ICO) - Class 101
12:16 min
https://www.youtube.com/watch?v=3U6wdkke6Js

Today's Pick - Digitex (DGTX)

Digitex is a commission-free futures exchange with its own native
cryptocurrency, the DGTX token.

Adam Todd Founder & CEO Ex Pit-Trader on the London International
Financial Futures & Options Exchange. Founder of BetTrader, a popular
ladder trading interface that's been online for 14 Years that connects
to the world's biggest betting exchange, Betfair. One of Betfair's most
successful sports traders ever, once going 8 Months of full time daily
trading without a losing day...

Digitex Token Sale Starts Jan 15th *Commission-Free Bitcoin Trading

$0.01 Price Per Token

20% 1st Week Bonus

Invite your friends and earn 30% of what they spend!

Your 30% referral payment will be in ETH!

At such a low starting price of less than one cent per DGTX token, the
growth potential of the token is going to be MASSIVE! This has the
potential to be as BIG or BIGGER then Electroneum or even Bitcoin
and they pay your 30% referral bonus in ETHEREUM which is projected
to grow nicely in 2018 and beyond.

Click here.....

https://vrlps.co/a?pt=24egHeF-mYgN9sCzFHAbpvZzKrw&referralCode=HypX6NgEG&refSource=copy

Simply enter your email address and click on "STEP INSIDE"

Review all of the information at the website to help with your decision
to participate on January 15. Coin price will be $0.01 which means for
just 10$ you can get 1000 coins in the ICO. For now you can just register
on the site by entering your email address. On the15th of January they
will send us instructions on how to purchase the coin. You can also earn
by recommending this to your friends and if they buy the coin in the ICO
you will receive 30% on their purchase. The coin will be a backbone to
their trading platform launching in June this year which will be a trading
platform with no fees to your trades.

That's it. Share your link and watch for updates. You should receive a
welcome message like this one....

---------------------------------------------------------------------------------------
Welcome to the Digitex Futures Exchange

Hi,

Thanks for signing up to learn more about the Digitex Futures Exchange and our upcoming DGTX token sale. The response so far has been amazing, we've been getting up to 3,000 email signups PER HOUR on our website!

The DGTX Token Sale starts on January 15th when 700 million DGTX tokens will be sold to the public at $0.01 each. I'll send you more information on how to prepare for the token sale shortly.

This is a great opportunity to pay a super low price for a real utility token that, 6 months from now, will be in huge demand from traders who must own DGTX to participate in Digitex's commission-free futures markets.

Refer your friends to the DGTX token sale and we'll pay you 30% of whatever they spend. Your 30% referral payout will be in ETH.

Thanks again for signing up and I'll be in touch very soon. Any questions just let us know.

Best regards,
Adam Todd
CEO @ Digitex Futures Exchange
---------------------------------------------------------------------------------------------------------------

Ken

busttheblock

01-11-2018, 08:28 AM

I just want to see one thing happen, and that is for the lowlife Ken Russo to be arrested once and for all! This guy has been given too much freedom to willy nilly con others into obvious scams!

okosh

01-11-2018, 03:24 PM

Kenny "Kiss of death" Russo strikes again!!!

NO AMERICANS ALLOWED!!

https://community.digitexfutures.com/discussion/10/can-us-residents-open-trading-accounts-on-the-digitex-futures-exchange

okosh

01-11-2018, 03:28 PM

Poor Americans...not even allowed to buy the worthless coins!!
https://community.digitexfutures.com/discussion/9/can-us-residents-participate-in-the-dgtx-token-sale

EagleOne

01-11-2018, 06:03 PM

Wanna bet that they don't kick out Ken and Faith, or any other US member for that matter. If they were serious, they would have it spelled out on their home page and a block on US registrations, yet Ken and Faith registered. Adam said US citizens could not participate over a month ago. Someone is lying.

okosh

01-11-2018, 08:22 PM

From Ken Russo...

January 11, 2018

Greetings Everyone,

Digitex Not Available To US Residents

Today I see the following posted in the Reddit forum......

----------------------------------------------------------------------------
Are residents of the United States allowed to purchase tokens?

No they aren't. They'll have to wait until its listed on exchanges.
Once it's on exchanges, you can buy in. This isn't the fault of the
Digitex team, it's the US government you can thank.
----------------------------------------------------------------------------

Furthermore, this is posted on the Digitex in-house forum.....

-----------------------------------------------------------------------------
Can US residents participate in the DGTX Token Sale?

No. Unfortunately, the DGTX ICO is closed to US residents.

Can US residents open trading accounts on the Digitex Futures
Exchange?

No. The Digitex Futures Exchange is closed to US residents.
------------------------------------------------------------------------------

Since I am a US resident this will be my final update with regard to
the Digitex platform. Any questions you may have can be sent to
admin using this email address.....

adam@digitexfutures.com

Ken

Fat City, LA

01-11-2018, 10:04 PM

The scammers have finally woken up that the US/SEC is not conducive to the long con.

"This isn't the fault of the
Digitex team, it's the US government you can thank."

Russo got that right. Thank you US govt for saving the rubes from themselves & these filthy ponzi pimps.

Fat City, LA

01-12-2018, 03:54 PM

After taking a long look at who is pimping this one = this is going to end very, very badly sooner rather than later.
Its all pimps, not enough rubes without USA to stretch this con out.

RyanG1988

01-13-2018, 07:48 PM

This ICO not being available to US residents is expected. The US government has blocked almost all ICOs, so I don't see how this can be a sign of it being a scam. Once their smart contract is posted, you will see the program’s code and can track it working exactly as written. It will show that if they will make off with anyone’s money or go bankrupt (assuming, of course, there are no bugs or gremlins in the code).

Crypto is a new world for many, and investing money is always a big decision. Again, check their smart contract. Crypto is also the world of anonymity, and I'm more worried that the people saying this is a "scam" aren't saying this for their own personal interest. Are competitors spreading the lies? Are whales spreading rumors so we don't invest, and they can clean up?

Steveshaw

01-13-2018, 07:49 PM

Whip

01-13-2018, 07:52 PM

lmao. if it wasn't a scam, you wouldn't need to be here.

Steveshaw

01-13-2018, 07:55 PM

Well I would, because there would still be moronic threads? Lol. Tell us where the actual facts are Whip? Should change your name from Whip to whipped.

Steveshaw

01-13-2018, 08:01 PM

Char

01-13-2018, 08:11 PM

Steveshaw

01-13-2018, 08:13 PM

@Ryan or Steve

Is Digitex MLMing? If it is, you know cryptocurrency has nothing to do with it. Whitepaper and ICO doesn't matter.

I don't need to know where the diamonds were mined when "stealing" diamonds for my leader.

MLMing = the act of stealing money from people you recruit

Worthy companies don't use MLMing and the thieves who do it.

So... could you present some actual facts or...? Continue posting generic rubbish. Awaiting your response - remember I said facts, not something made up.

okosh

01-13-2018, 08:21 PM

Coins go on sale 9am EST.....that's USA EST....

Think about it...take all the time you need!!!!

Char

01-13-2018, 08:22 PM

So... could you present some actual facts or...? Continue posting generic rubbish. Awaiting your response - remember I said facts, not something made up.

How is MLMing generic?

This is quite long but very thorough:

All You Need To Know About MLM (Is MLM a Scam?) (http://www.financialindustryscam.com/mlm.htm)

Char

01-13-2018, 08:28 PM

Here's an educational video on the lighter side. The other link has so much info to read and digest.

https://youtu.be/WprNYmSahzE

Believe it or not, this video is the absolutely factual.

Fat City, LA

01-13-2018, 08:31 PM

The Easter Bunny & Harry Potter agree with Steve thats its legit! Thanks for bringing your buddy Ryan over. Whats his cut?
Smart move to stay away from US. Gives you more time to set up the runner later.

https://www.seattletimes.com/business/bitcoin-etfs-derailed-by-sec-worries/

Steveshaw

01-13-2018, 08:31 PM

How is MLMing generic?

This is quite long but very thorough:

All You Need To Know About MLM (Is MLM a Scam?) (http://www.financialindustryscam.com/mlm.htm)

Ah Char.. have to say I’m surprised. I gave you your big moment, a chance to prove it was a scam, I put you on the stage and what did you do? Well, you didn’t even put up a fight, you crumbled like a biscuit.

I thank you Char, for providing further backup to my original post to you, when I asked you to provide facts. You completely failed to provide any, I’m almost disappointed in a way because you started well but drained into a complete nothingness. Not a single fact in sight. Continue posting your ‘theories’ Char - I encourage you to as it provides a laugh for all of us - given you can’t answer a simple questions which tells you to provide ‘facts’.

The great Char ladies and gentlemen, providing no facts at all. I bet he probably thinks Santa clause exists as he can’t deal with or comprehend what ‘facts’ are in his tiny little brain.

My dear Char FTW. Here’s a fact for you all, Char doesn’t have a clue what he’s on about. He says it’s a scam - and he’s a moron - so it can’t be a scam just based on that ‘fact’ (see Char that’s how to provide facts).

Steveshaw

01-13-2018, 08:36 PM

I think I’ve successful proved that your buddy Char has no idea how to present actual facts - I’m glad you’ve all buddied up with him as I don’t even need to bother breaking you all down - you’re already broken due to your association with him. God bless you all. Morons stand United and you guys sure stand United.

Char

01-13-2018, 08:41 PM

https://pyramidschemealert.org/10-big-truths-about-multi-level-marketing/

Written by an expert with decades of experience.

littleroundman

01-13-2018, 08:44 PM

Steveshaw

01-13-2018, 08:44 PM

Char - please try harder. I’m almost embarrassed for you, please. Surely an actual human being can’t be as dumb as you? Please god tell me it can’t be possible as the world is in ruins if everyone is like Char

shipdit

01-13-2018, 08:48 PM

Have you actually read the whitepaper or the site? Of course you haven’t - congratulations for one of the worst threads of the year.Yes, I read it:

Somebody decides to wave their magic wand and declare that ONE BILLION "DGTX tokens" now exist and are for sale to suckers for real money.
Well, almost.
They're keeping 300 MILLION of them for themselves just in case there are enough suckers competing for them to where they become worth something. Another way of looking at that is that if these "tokens" really are worth the $0.01 each that is claimed, these crafty scammers just "invented" themselves $3 Million right out of the gate.
Pretty kewl, eh?
Don't forget that they reserve the right to pay themselves further any time they wish in any amount they wish by "creating a small number of new tokens each year instead of charging transaction fees on trades".

My Parker Brothers Monopoly game comes with 210 bank notes of varying pretend denominations. I just decided to assign them all a value of $100 each. Want to buy some?

Thank you and RyanG1988 for deciding to sign up on the same day together here at Realscam and making your first posts within one minute of each other. If this was a Karaoke bar, I would ask if your plans are to sing us a duet.

SD

.

Whip

01-13-2018, 08:50 PM

Well I would, because there would still be moronic threads? Lol. Tell us where the actual facts are Whip? Should change your name from Whip to whipped.

21278

you're not getting your money back no matter how hard you cry.

Steveshaw

01-13-2018, 08:50 PM

It's OK, Ryan and Steve.

We can wait.

If you think Digitex is legit and we have not provided sufficient evidence it's fraud, send them money to your hearts content.

In fact, why not triple or quadruple your investment, just to show us how confident you are ???

Stick it right up our collective noses

We'll still be here in a couple of months.

I'm betting neither you two or Digitex won't.

Invest way, guys, Invest away

Fighting talk from the littleroundman - are you Char’s father? Please got your son to man up, and Char - please get your dad to continue being a good sport and making it so easy for me.

‘We’ll still be here in a couple months’ - what is that supposed to even mean? Are you taking a hit out on me for providing the truth to your nonsense? Rest assured that if I go, you’ll also be going.

I don’t know how people can become as brain dead as you two - is it because you thought bitcoin was also a scam too in 2011 and now cry daily about it? Is it because you had a tough childhood and instead of growing up just stayed pre puberty? I’ve had a tough life too but I’ve got over things, if you want help with that feel free to message me - I’m always up for some charity work.

Char

01-13-2018, 08:52 PM

Steveshaw

01-13-2018, 08:54 PM

21278

you're not getting your money back no matter how hard you cry.

At least Whip got off the floor after being whipped. Try and present actual words next time rather than getting a gif to do all the work for you.

Whip

01-13-2018, 09:00 PM

the words are there, you just don't want to read them as they hit too close to home.

Steveshaw

01-13-2018, 09:02 PM

Yes, I read it:

Somebody decides to wave their magic wand and declare that ONE BILLION "DGTX tokens" now exist and are for sale to suckers for real money.
Well, almost.
They're keeping 300 MILLION of them for themselves just in case there are enough suckers competing for them to where they become worth something. Another way of looking at that is that if these "tokens" really are worth the $0.01 each that is claimed, these crafty scammers just "invented" themselves $3 Million right out of the gate.
Pretty kewl, eh?
Don't forget that they reserve the right to pay themselves further any time they wish in any amount they wish by "creating a small number of new tokens each year instead of charging transaction fees on trades".

My Parker Brothers Monopoly game comes with 210 bank notes of varying pretend denominations. I just decided to assign them all a value of $100 each. Want to buy some?

Thank you and RyanG1988 for deciding to sign up on the same day together here at Realscam and making your first posts within one minute of each other. If this was a Karaoke bar, I would ask if your plans are to sing us a duet.

SD

.

It’s not the same magic wand that was waved to create your nonsensical original post based on no facts.

My god - a team keeping tokens for themselves? This is almost unprecedented isn’t it? Oh wait it’s not. I rate this argument a minus 6000 out of 10. That takes some going. A 6 year old could fair better than you.

I obviously wouldn’t buy Monopoly money from you as you’d probably infect me with your nonsense - no facts yet again. I’ll give this argument a 1 out of 10 this time because at least it mentions a board game and I like board games.

No no thank you shipdit - for making it so easy for me - theories, theories and more theories. You can’t just make something up and pass it as fact. Present me actual facts please. I have a theory that there is no water in the world. Yet when I turn the tap water magically appears and flows from it < This is basically a metaphorical image of how bad your theories are.

Steveshaw

01-13-2018, 09:03 PM

Steveshaw thinks he's the first person to come here insisting his scam isn't a scam. Yawn, but carry on.

We'll be here when it collapses.

And for all his ranting, notice he didn't address the elephant I pointed out. It's what they don't say.

And Char continues not to present an argument or actual fact. Think I’ll just ignore you now as it makes me lose faith in humanity as a whole.

Steveshaw

01-13-2018, 09:06 PM

the words are there, you just don't want to read them as they hit too close to home.

Whipped thinks an image with very few words makes a compelling argument. Some sort of defence mechanism where he’s incapable of saying anything relevant or useful. A man who can only post images - do you literally send out letters to people that are just images? Please tell me you do. That would be so brilliant and make you at least 1% more interesting, taking you up to 1%.

nuk_1

01-13-2018, 09:07 PM

Steveshaw

01-13-2018, 09:12 PM

It's pretty amazing that a "opportunity" or even a half-ass ponzi scheme would have to pay a 30% referral bonus in order to attract anyone. That's an admission by the mental midgets behind the scam that they are selling vapor and lack even the imagination to make it at least appear to be interesting or worth throwing gambling money at it. Counting on there being that many idiots out there to fall for this is amusing. This one will last a little longer than a daily or weekly hyip and that's about it.

NUK

Have you ever heard of this kind of thing - where if you buy x amount you get money off? When you go to a shop and you get money off is this a Ponzi scheme? Please answer my question only, don’t add anything else just answer my question with a yes or no.

Char

01-13-2018, 09:14 PM

And Char continues not to present an argument or actual fact. Think I’ll just ignore you now as it makes me lose faith in humanity as a whole.

Come back in a few months for more facts. I promise to present a doozy.

Now go invest all your money in this so you don't miss out. Listen to your upline at all costs. They are there to help you succeed.

Steveshaw

01-13-2018, 09:16 PM

https://pyramidschemealert.org/10-big-truths-about-multi-level-marketing/

Written by an expert with decades of experience.

Okay. So you’ve shown me a wonderful brilliant video. Now show me the actual facts here? Does the guy mention digitex in the video? No.. okay. So again I ask, where are the facts. Could you just give me the facts please, based on this - digitex -. I’m trying my best to help you grow but you seem to want to remain a child, I’m trying to help you Char.

Steveshaw

01-13-2018, 09:19 PM

Come back in a few months for more facts. I promise to present a doozy.

Now go invest all your money in this so you don't miss out. Listen to your upline at all costs. They are there to help you succeed.

If I come back in a few months you’ll still be posting no facts. What would be the point of me coming back for no facts? You don’t go into a closed restaurant to buy food as there won’t be any provided, so why would I come here to get facts in a few months when you also can’t provide any?

Steveshaw

01-13-2018, 09:20 PM

I take it all three of you are holding hands right now? Awww cute.

Char

01-13-2018, 09:22 PM

Have you ever heard of this kind of thing - where if you buy x amount you get money off? When you go to a shop and you get money off is this a Ponzi scheme? Please answer my question only, don’t add anything else just answer my question with a yes or no.

You don't compare real life scenarios with the scammers in Scamland. That's how they get you. You think it's all real, but it's not. This is why it's also important to identify who you are rubbing elbows with, as well as identifying the action involved.

littleroundman

01-13-2018, 09:24 PM

I'm sorry for doubting you, Steve.

The evidence you have provided of Digitex' legitimacy is compelling.

OH !!!

littleroundman

01-13-2018, 10:18 PM

Please answer my question only, don’t add anything else just answer my question with a yes or no.

Oh Dear,

That tactic would get you a fail in a grade 1 debating class.

Here's a question for you, Stevie, please only answer with a YES or a NO:

"Have you stopped kicking your dog ???"

Remember, only a yes or no answer, please

EagleOne

01-14-2018, 03:34 AM

So let me get this straight. Steveshaw and RyanG1988 entire posts consist of childish name-calling without one post providing any facts that support Digitex being legitimate and a real business. Not one. And because they have posted zero facts, but a lot of name-calling we are to bend over, grab the ankles and say You've got us. Your proof is overwhelming and you are right. Seriously?

So Steve and Ryan, how about you start by providing all your facts that show Digitex is real and legitimate. Then we will have a base from which a discussion can begin.

I hate to break it to you, but you two are about the 20th or so posters who have tried this tactic, and it didn't work then and it won't work now. We've been there hundreds of times before you two ever graced us here with your presence. You see we really don't care what names you call us or what you think of us.

So bring on your "facts." You do have "facts," right?

littleroundman

01-14-2018, 06:43 AM

So let me get this straight. Steveshaw and RyanG1988 entire posts consist of childish name-calling without one post providing any facts that support Digitex being legitimate and a real business.

It's a tactic that has always worked for them in the cafeteria at lunch time before their history class, so why wouldn't they use it ???

Char

01-14-2018, 08:24 AM

If I come back in a few months

You won't be back.

littleroundman

01-14-2018, 09:44 AM

That depends entirely on whether or not they finish their homework in time and their mum lets them

Steveshaw

01-14-2018, 09:52 AM

You won't be back.

Whereas you will still be here, in your miserable existence. Go live a bit Char. There's a whole world out there

Steveshaw

01-14-2018, 09:53 AM

That depends entirely on whether or not they finish their homework in time and their mum lets them

You can't even do mum jokes correctly, good grief. Also love the bold as if it makes your words any less weak.

littleroundman

01-14-2018, 09:56 AM

So, Stevie, have you managed to find any proof that Digitex is legitimate while you've been away ???

Or are we going to trade insults until it collapses on its' own due to ponzi math ???

Joe_Shmoe

01-14-2018, 10:13 AM

Stevie, please point to something here on Realscam.com that was reckoned to be a scam that was not actually a scam.

littleroundman

01-14-2018, 10:23 AM

Silly Stevie seems to be labouring under the misapprehension that anyone here gives a dam whether or not we have provided sufficient proof to satisfy his requirements.

http://www.realscam.com/images/misc/realscam-logo1.gif

As the REALSCAM.com (http://www.realscam.com) logo says:

"Is it or isn't it? You decide"

Stevie has decided - end of.

I'm going to be here anyway, so it makes no difference to me if Silly Stevie spends the next few weeks until Digitex collapses trying to get a rise out of people by (juvenile) button pushing.

Steveshaw

01-14-2018, 10:24 AM

So, Stevie, have you managed to find any proof that Digitex is legitimate while you've been away ???

Or are we going to trade insults until it collapses on its' own due to ponzi math ???

The point is - the original poster has to present the facts - why is that being ignored? It may be a scam and it may not but the point is - you don’t start an agenda or case without bringing up facts first. That’s all. Simple.

Steveshaw

01-14-2018, 10:25 AM

Stevie, please point to something here on Realscam.com that was reckoned to be a scam that was not actually a scam.

What - because threads can’t be deleted? Use your brain.

littleroundman

01-14-2018, 10:34 AM

The point is - the original poster has to present the facts - why is that being ignored? It may be a scam and it may not but the point is - you don’t start an agenda or case without bringing up facts first. That’s all. Simple.

Ummn, actually.

Digitex is asking the public to send them money.

Therefore, it's up to them to provide proof they are a) legitimate b) registered with the SEC

littleroundman

01-14-2018, 10:38 AM

What - because threads can’t be deleted? Use your brain.

Ah, the old "deleted threads" gambit, Eh ???

You really are new at this, aren't you Stevie ??

The champion of the need to provide "facts" and "proof" has to resort to innuendo to "prove" his argument.

Threads can be deleted = we must have done it

Oh, the irony

shipdit

01-14-2018, 11:22 AM

.
Steveshaw, most of the posters in this thread have been studying these "online opportunities" for many years (in some cases two decades) as they come into existence, suck up huge sums of money, enrich promoters and then disappear. It's not unusual for a supporter such as yourself to appear in the promo stages enthusiastically and sometimes arrogantly bashing those trying to encourage caution (see "stacy532 in the Traffic Monsoon thread) They don't return once the SCAM fades into oblivion.

Unless you are an impulsive troll, logic suggests that you have some reason to support DIGITEX as a legitimate business that is not interested in the scrutiny involved with being approved by regulators in the USA. In the absence of your providing any evidence that DIGITEX is not just another "real money black hole", would you at least inform us of your qualifications and motivations to be assessing this opportunity? Have you sent DIGITEX any real money? What experience do you have "investing" in online opportunities?

Thnx,

SD

.

littleroundman

01-14-2018, 11:42 AM

.Unless you are an impulsive troll,

Nah, it's pure coincidence

Stevie and his mate RyanG were just cruisin' the 'net and stumbled on a discussion about a scheme we had declared fraudulent.

Not knowing anything about Digitex, of course, but, being the advocates for truth they are, the lads decided to drop in and stand up for the right of criminals to defraud others..

The fact they chose this forum on which to land was purely accidental, as is the fact they joined within four minutes of each other pure coincidence.

ribshaw

01-14-2018, 11:49 AM

The point is - the original poster has to present the facts - why is that being ignored?

Steve to my mind the below is a fact. All pimps listed have their own threads here at RealScam, for what you ask? Promoting scams, including a handful where people went to prison. Please refrain from being a child and asking if they are really the worlds worst.

The worst Ponzi pimps are already fighting each other for the pool of suckers:

Simon Stepsys
Faith Sloan
Ari Maccabi
Steve Lawson
Danny Turner

http://www.realscam.com/f8/digitex-bitcoin-futures-trading-5095/#post119042

FACT!

2. That it's a "no cost" exchange! ... Because they promise that the only way they get paid is "by creating a small number of new tokens each year" that they give to themselves.

3. That of course as with any Ponzi SCAM, they also have the option of just keeping all that real money you send them for themselves and leaving you staring at the worthless tokens on your computer screen

21281

It may be a scam and it may not but the point is - you don’t start an agenda or case without bringing up facts first.

Digitex freely admits they are in violation of anti-money laundering laws, what catchall nomenclature would you prefer if not "scam"?

21284

I hardly know where to begin with the laws being broken here.

21282

SEC cracks down on unregistered broker-dealers in private offerings

https://www.lexology.com/library/detail.aspx?g=b3fc9cc9-822b-4a29-938b-b48278adece4

The Danger of Paying Finder’s Fees to Unregistered Broker-Dealers

https://governancecomplianceinsider.com/the-danger-of-paying-finders-fees-to-unregistered-broker-dealers/

100X Margin on BTC futures is off the charts when compared with what is happening in the real world. More like bucket shops of yore or the binary options/ fx trading scams that filled the net pre-crypto. Since Dititex isn't licensed to transact business in the US simply soliciting US investors is violation enough.

21283

Brokers impose margin requirements above clearinghouses

https://www.bloomberg.com/news/articles/2017-12-14/goldman-said-to-seek-100-margin-on-some-bitcoin-futures-trades

https://www.investopedia.com/terms/r/regulationt.asp

https://digitexfutures.com/

The Securities and Exchange Commission shook up the red-hot market for so-called Initial Coin Offerings (ICOs) on Tuesday by ruling that some of the “coins” for sale are actually securities—and are subject to the agency’s regulation.
SEC's ICO Ruling: What It Means for Investors and Blockchain | Fortune (http://fortune.com/2017/07/26/sec-icos/)

https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11

That’s all. Simple.

Sure was. Perhaps bring your A game next time.

ribshaw

01-14-2018, 12:40 PM

I love how this entire thread is based on absolutely no facts at all. Oh It’s fake because some Ponzi scheme guy posted a referral link? Are you guys utterly moronic? Stop screaming SCAM when you have absolutely no facts at all. This is supposed to be realscam.com not wehavenofactsatallorbrainsatall.com

Have you actually read the whitepaper or the site? Of course you haven’t - congratulations for one of the worst threads of the year.

Well that settles it, please let us know where we can send our apology notes.

https://www.youtube.com/watch?v=zfOJGqC8EjY

Not proof in the least that USI Tech is a scam... You Really have no proof at all do you? Just a sh!t load of acusations and VERY thin connections. An MLM guy joined an MLM that went under is about all I see that means anything here... Damn it dude, do you make money doing this... what is your motivation here? :watching_you: "ONE WONDERS" is all you got!!!
But, then you go ON and ON and ON... just Wondering and trying hard as you can to make connections that may or may not really mean anything... :pulling_hair_out:

http://www.realscam.com/f9/usi-tech-claims-its-sale-unregistered-securities-us-legal-4873/index2.html

At this juncture, there is no empirical evidence for cynacism.

All the detractors of Profitable Sunrise have zero proof for their cynicism.

The detractors have no proof that Profitable Sunrise is a scam

http://www.realscam.com/f9/profitable-sunrise-hyip-has-anybody-dug-through-yet-1795/#post34534

I am completely staggered at the lack of any Due Diligence show by any of the comments here. I joined this because I truly thought that it was a group of clever astute individuals reviewing potential opportunities with a clear metric.
What exactly is the methodology that you use to decide if an opportunity is legitimate or a scam? All that I can see here is nonfactual conjecture, based upon nothing more than your personal dislike for what you have decided is erroneous.
Sad really when you think that you really did have an opportunity to evaluate in a professional manner which might have added value to or deterred people from joining. I would suggest that most intelligent people reading this will simply turn off.
Your community should be endorsing great opportunities and advising against real scams by presenting fact based on measurable, real and conclusive evidences.
FlexKom, who knows, I came here seeking advice, do or don’t do, you have failed me, so I shall continue to do my own research.
Ps, I will advise you what the outcome is……………
Due Diligence http://www.realscam.com/f8/flexkom-aka-flexcom-aka-weeconomy-legitimate-mlm-scam-1862/index4.html#post41641

Why do you feel the need top trash something you are obviously VERY ignorant about. I am a member of the zeek squad and I am making money. The amount is none of your business but I will tell you that you are known as a dream stealer. What does it matter to you if somebody else does this? It is so blatantly obvious you are a scared and small minded individual who will stay broke. So just shut your pie hole and continue your wallow in misery. Or you can take an objective look at the enterprise and make outstanding money for yourself. I would love it if you were not so jaded and would take a real look at the company. I don't want you on my team because I think you would be more work than I am willing to give to you, but I am sure somebody out there would work with you. remember: stupid is as stupid does. http://www.realscam.com/f10/zeek-rewards-how-get-3k-month-starting-free-member-642/index3.html

Hello Ladies and Gentlemen . I have been with MyAdvertisingPays for over a year now . As a Newbie , l can tell you honestly , that MAPS has changed my life ! . It's a real opportunity that actually does what it says . I am also getting sales from my affiliate products I promote on MyAdvertisingPays platform , which shows their traffic is phenomenon and second to non . I have made over 200,000usd within my first 13 months ! I never made sales on Google or any other site while promoting . This is the honest truth . Even a friend of my that became member about few months ago is already achieving great success with this company call MAPS . It's better to give honest opinion as per my experience than lied or speak negative upon them . Thank you . http://www.realscam.com/f9/my-advertising-pays-advert-platform-scam-ponzi-3439/index53.html#post83204

ribshaw

01-14-2018, 01:00 PM

This ICO not being available to US residents is expected. The US government has blocked almost all ICOs, so I don't see how this can be a sign of it being a scam.

21286

Is this your first day as a troll?

Took me about 6 seconds to find this video.

https://www.youtube.com/watch?v=zq4jtzlr9Ao

21285

Willful blindness (sometimes called ignorance of law,[1]:761 willful ignorance or contrived ignorance or Nelsonian knowledge)

21287

A term used in law to describe a situation in which a person seeks to avoid civil or criminal liability for a wrongful act by intentionally keeping himself or herself unaware of facts that would render him or her liable. https://en.wikipedia.org/wiki/Willful_blindness

Money Laundering: International Law and Guidance
https://www.icaew.com/en/technical/legal-and-regulatory/money-laundering/international-law-and-guidance

Major Money Laundering Countries
https://www.state.gov/j/inl/rls/nrcrpt/2012/vol2/184112.htm

SEC Framework for International Cooperation and Assistance

The SEC was among the first securities regulators to receive the legal authority to assist foreign counterparts in investigations of securities fraud. Today, the SEC can assist foreign securities authorities in their investigations using a variety of tools, including exercising the SEC’s compulsory powers to obtain documents and testimony, subject to the governing rules. https://www.sec.gov/about/offices/oia/oia_crossborder.shtml

Attorney Laura Anthony Explains The Payment Of Finders’ Fees
https://www.huffingtonpost.com/entry/attorney-laura-anthony-explains-the-payment-of-finders_us_596e350be4b05561da5a5aed

U.S. Forex Traders May Not Be Able To Skirt Rules By Moving Accounts Offshore
https://greentradertax.com/u-s-forex-traders-may-not-be-able-to-skirt-rules-by-moving-accounts-offshore/

Ponzi Schemes May Dominate the News, But Offshore Fraud is Pernicious!
https://www.forexfraud.com/forex-articles/ponzi-schemes-and-offshore-fraud.html

I'm more worried that the people saying this is a "scam" aren't saying this for their own personal interest.

Of course you are, expect a knock on your door any day to be awarded the Nobel Peace Prize in Altruism.

arowx

01-14-2018, 01:51 PM

Whip

01-14-2018, 02:01 PM

lol. scammers worried already.

shipdit

01-14-2018, 02:12 PM

lol. scammers worried already.
It sure looks like it:

"There are currently 227 users browsing this thread. (5 members and 222 guests)"

5 days -> 8,500 views

SD

.

Fat City, LA

01-14-2018, 02:23 PM

This one is putting together a Hall of Fame style cast of nickel & dime ponzi players. Hilarious.
Its all con artists. They need more rubes !

21288

Fat City, LA

01-14-2018, 02:25 PM

lol. scammers worried already.

I would hope so.

If you have a shred of intelligence, this one is set up for long term massive failure for the customers.

Short term should be OK if the sucker round up is big enough.

EagleOne

01-14-2018, 02:38 PM

Steveshaw, I am really disappointed in you. Here I gave you your big chance to impress everyone. I put you on stage front and center and what did you do? You punted. You didn't put up a fight but continued with the childish and amateurish name-calling, but at least you now are hedging your bets it could be a scam. Too funny.

Be sure to tell all the other promoters of Digitex to come and lend you support because you are failing miserably.

Char

01-14-2018, 02:51 PM

Whereas you will still be here, in your miserable existence. Go live a bit Char. There's a whole world out there

Another telltale sign this dude has been brainwashed by upline.

Let me guess, I'm also jealous. I don't get it. I'm negative. I don't understand what "X" is.

And they tell you, This is going to take the world by storm. We're positioned to become the most successful MLM in history. Stop working your J.O.B. (Just over broke) You are so smart for seeing what an incredible opportunity this is. You're going places. How does it feel to be your own boss?

Sound familiar?

Char

01-14-2018, 03:08 PM

So after reading all this bullshit about SCAM or NOT SCAM i will invest a little bit to see what happens.

You're going to invest? Good to know.

ProfHenryHiggins

01-14-2018, 03:13 PM

shipdit

01-14-2018, 03:20 PM

.
Anyone who feels like gambling on the price of Bitcoin against the USD would be well advised to consider doing it through a legitimate broker.
Both the Chicago Mercantile Exchange and the Chicago Board Options Exchange accept futures contracts through licensed brokers.
Note that using "licensed brokers" means it is all but guaranteed that you will be able to get whatever money is owed you when you want it.

https://www.reuters.com/article/uk-bitcoin-futures-contracts/bitcoin-futures-contracts-at-cme-and-cboe-idUSKBN1E92K9

According to The Seattle Times (https://www.seattletimes.com/business/bitcoin-etfs-derailed-by-sec-worries/):

"Trading on CME and Cboe thus far hasn’t been particularly robust.

So far in 2018, combined daily trading of Cboe and CME’s futures contracts have ranged between $106 million and $181 million worth of bitcoin, according to data compiled by Bloomberg.

That’s pretty good for products born a month ago, but nothing compared with established contracts. S&P 500 Index futures trading routinely exceeds $150 billion a day, for instance"

SD

.

okosh

01-14-2018, 03:27 PM

lol. scammers worried already.
They sent their money in days ago to be ready for the coin launch and now after reading here they know they screwed....
No wonder they so pissed and so worried...
This is awesome!!!

EagleOne

01-14-2018, 03:37 PM

So after reading all this bullshit about SCAM or NOT SCAM i will invest a little bit to see what happens. If it's scam then you were right but i will not apology because your were just lucky for saying it was a scam without providing any facts :RpS_glare: . If it's not scam i hope you all burn in hell for spreading this nonsense bullshit that this world didn't deserve. We will see in a few weeks :pulling_hair_out: :peace: . Bye

Only going to invest a little bit? Where's you faith in this? You need to go full bore in this. You have zero to lose as we don't know what we are talking about, have provided no facts it is a Ponzi and that alone convinced you to join. Sounds like to me you are worried that we, despite our not providing any facts, have scared you enough that you are only willing to put a little bit in.

But here's a FACT for you: Their not accepting US members tells you this is a Ponzi. If this was legit, they would be welcoming US members with open arms.

littleroundman

01-14-2018, 06:44 PM

Why are you talking about Cobinhood ???

Who said Cobinhood is a fraud ???

Strawman arguments by ponzi players = always funny.

spookyluke

01-14-2018, 07:03 PM

Joe_Shmoe

01-14-2018, 07:46 PM

Hi spookyluke, and welcome to Realscam. Would it be possible to provide a link to the reputable online financial paper, please?

spookyluke

01-14-2018, 07:51 PM

ill try find it again. give me a minute :)

spookyluke

01-14-2018, 07:59 PM

I'm sorry i cant find the initial article i read that lead me to digitex so please disregard that in my initial post.

Maybe it was some marketing by them that i thought to be from genuine site?

ribshaw

01-14-2018, 11:16 PM

Hey all, thanks for having me.

Wow an interesting thread. I'm older than some and this Crypto is new to me and when i came across the Digitex it appeared like a great opportunity for me. I obviously missed out on the bitcoin thing as did not understand it and honestly still don't.
I know "money" is only a concept and a belief system and i guess that Crypto is the same thing.
Ive been rushing around trying to work out how to get Ether and set up a wallet etc in time for the launch.
Due diligence lead me here as i understand all investment has a risk but i obviously want to minimize the risk. I came across Digitex while reading an article in a reputable online financial paper. I will try find the article again if i need to.
I'm not looking to become a trader, i only hoped to buy some to hold and hope it tracks a path similar to the bitcoin.

Welcome to the site.

First ask yourself why you are looking at the crypto space other than it has been going up up up?

Second if you want to minimize risk, allocate a percentage of your total risk capital that you can afford to comfortably lose in full. If you're doing this **** on a credit card you're an ass.

To give you an example, a few times a year I will put on a high risk options trade. A recent one had a risk of $5000 with a maximum potential reward of $500K, I lost $5000. That loss was a blip, bills will be paid, long term investments remain untouched, and I will still fill my big belly with steak. That is the kind of risk management you should have at this hour of the dance.

Now i don't know what to do!!!! :)

If it was me, and thankfully it isn't, I would put an equal amount of risk capital in the top five or ten cryptos directly and hold them. You'll probably lose, but who knows maybe you hit it big.

There is simply no reason to buy into also ran ICOs since almost all will turn into complete failures. Yeah, maybe some will skyrocket but good luck picking those in advance. Especially if you are hearing about them on Facebook and Youtube.

https://www.investopedia.com/tech/6-most-important-cryptocurrencies-other-bitcoin/

ribshaw

01-14-2018, 11:25 PM

So after reading all this bullshit about SCAM or NOT SCAM i will invest a little bit to see what happens. If it's scam then you were right but i will not apology because your were just lucky for saying it was a scam without providing any facts :RpS_glare: .

You being illiterate does not mean facts weren't presented in spades.

21290

If it's not scam i hope you all burn in hell for spreading this nonsense bullshit that this world didn't deserve. We will see in a few weeks :pulling_hair_out: :peace: . Bye

I suspect your family tree is literally a tree.

littleroundman

01-15-2018, 02:24 AM

Hiya spooky and welcome to REALSCAM.com (http://www.realscam.com)

As a matter of interest, what is it about Digitex that attracted your attention ????

What do you know about cryptocurrency and investing ??

shahzadafzal

01-15-2018, 02:40 AM

I was about to invest... but bells were ringing my head... thank you guys it guess should stay away from it

Char

01-15-2018, 08:40 AM

Because the core of the DIGITEX (:https://digitexfutures.com") plan to get > themselves < rich off this SCAM is:

PAY THE GREEDIEST, MOST CORRUPT "PROMOTERS" A WHOPPING > 30% < REFERRAL FEE

The worst Ponzi pimps are already fighting each other for the pool of suckers:

Simon Stepsys (http://www.realscam.com/f8/betrobot-jet-coin-fake-cryptocurrency-simon-stepsys-4815/index13.html#post118971)
Faith Sloan (http://queenwiki.com/blog/2018/01/digitex-futures-exchange-ico-token-sale-no-fee-exchange/)
Ari Maccabi (http://www.realscam.com/f11/ari-maccabi-ponzi-pimp-his-brand-4844/index3.html#post118980)
Steve Lawson (http://www.realscam.com/f11/steve-lawson-bombards-his-potential-victims-emails-4480/index49.html#post118989)
Danny Turner (http://www.realscam.com/f8/betrobot-jet-coin-fake-cryptocurrency-simon-stepsys-4815/index13.html#post119039)

Spitting out 30% of incoming money up front will make DIGITEX (:https://digitexfutures.com") one of the most short-lived Ponzi SCAMS of 2018.

SD

.

Lots of visitors to this thread lately.

For their benefit, could someone give a quick list of the scams the con artists listed above have been involved with in the past?

Soapboxmom

01-15-2018, 10:51 AM

Lots of visitors to this thread lately.

For their benefit, could someone give a quick list of the scams the con artists listed above have been involved with in the past?
The short answer is that list would rival Gone With the Wind in length!

ribshaw

01-15-2018, 12:12 PM

Lots of visitors to this thread lately.

For their benefit, could someone give a quick list of the scams the con artists listed above have been involved with in the past?

Let's first list a few similar scams run out of the same mail drop in Seychelles.

Write to us
info@digitexfutures.com
Digitex, Ltd., a Seychelles International Business Company located at Global Gateway 8, Rue de la Perle, Providence, Mahe, Seychelles

21293

IQ Option

Global Gateway 8, Rue de la Perle, Providence, Mahe, Seychelles

Honest IQ Options Review: The SCAM of ALL SCAMS! (http://brokerscamalert.com/iq-options-review/)

BinaryUno is an unlicensed binary options broker that is operated by UNO Media Solutions Limited. They are located at Global Gateway 8, Rue de la Perle, Province, Mahe Seychelles.

Scam Broker Investigator â€¢ BinaryUno Review (http://scambroker.com/binary-uno/)

We believe this firm has been providing financial services or products in the UK without our authorisation.

Bank Invest Capital / G.M.E Ltd

Address: 7th fl 69 Old Broad Street, London, SE1

Dashwood House Level 17, London Bridge, London

Global Gateway, 8 rue de la Perle, Providence, Mahe, Seychelles

https://www.fca.org.uk/news/warnings/bank-invest-capital-gme-ltd

ribshaw

01-15-2018, 01:17 PM

Adam Todd is violating money laundering, broker registration, and investor solicitation laws across multiple jurisdictions. Anyone asked themselves why?

Who’s Behind Digitex?

Digitex was founded by Adam Todd (Founder and CEO). The company is registered to an address in the Seychelles.

Complete Privacy:

Traders on Digitex can start trading immediately without the need to submit their name or identifying documents of any kind. Digitex is not bout by KYC/AML regulations.

https://bitcoinexchangeguide.com/digitex-futures-dgtx/

https://vimeo.com/251007994

Adam Todd runs https://racingtraders.co.uk/about/adam-todd.html

21294

Adam Todd - Lets Compare Bets blog (http://latest.letscomparebets.com/betfair-scalping-trading-techniques-explained/adamtodd/)

"Once you own Digitex tokens you are stuck. There will be no exchange trading them for other coins or fiat money. The Digitex platform will neither change them back. All you can do with your tokens is trading with them on the Digitex futures platform until they are all gone.
You have been warned. " https://bitcointalk.org/index.php?topic=2757509.msg28188006#msg28188006

ribshaw

01-15-2018, 01:33 PM

http://www.realscam.com/f11/faith-sloan-defrauding-others-impunity-1052/ has a strategy for you.

Load up on DGTX tokens in January with the idea of unloading them in June into the surge of demand created when the exchange officially launches. At such a low starting price of less than one cent per DGTX token, the growth potential of the token is huge if there proves to be a healthy demand for commission-free cryptocurrency futures trading. Digitex Futures Exchange ICO Token Sale – No Fee Exchange – Queen Wiki – Bitcoin, Cryptocurrency, BlockChain, News and Training (http://queenwiki.com/blog/2018/01/digitex-futures-exchange-ico-token-sale-no-fee-exchange/)

And why not:

When the DGTX token sale starts on January 15th, you will be able to buy DGTX tokens by sending ETH to our token sale smart contract. Faith Sloan will receive 30% of whatever you spend in the token sale. Her 30% referral payment will be in ETH.

Rather curious arrangement no? A bunch of serial Ponzi promoters like Faith get paid in ETH for telling you how big DGTX is going to be. Adam Todd probably has a large list from his years running a sports tout site, why is he not marketing this directly and legally?

Why is an alleged commission free trading maybe launching six months from now exchange such a big wow? And really it isn't even commission free since DGTX tokens have to be purchased. Futures traders pay about $1 per side right now at properly licensed brokers, what manner of idiot gives that up to send money to a mail drop?

EagleOne

01-15-2018, 02:51 PM

littleroundman

01-16-2018, 11:36 AM

Warren Buffett

Carl Icahn

George Soros

Adam Todd ????

https://vimeo.com/251340232

Yeah, Nah

EagleOne

01-16-2018, 02:37 PM

After watching this, I bet Steveshaw is all giddy that Adam Todd just proved that Digitex is legitimate and real. No further proof needed. In the real world, however, if this video did not prove to you how big of a scam this is you deserve to lose your money.

ribshaw

01-16-2018, 02:48 PM

Thus far the trading in BTC futures has been underwhelming to say the least.

In all likelihood most of the volume here XBT-Cboe Bitcoin Futures (http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures) is arbitrageurs spreading 5 contracts to 1 here Bitcoin Futures (http://www.cmegroup.com/trading/bitcoin-futures.html) capturing any price discrepancies. Enjoy trying that at home kiddos.

21312

Then things like this https://www.marketwatch.com/story/merrill-lynch-blocks-clients-from-buying-bitcoin-citing-risk-2018-01-03 that should have retail investors asking why? Hardly the evil gubmit, but full service broker largely fulled by commissions making this call.
Perhaps they are avoiding the shame of being run out of business by Digitex?

And this missive from the billionaire founder one of the lowest cost brokers...

Petterfy: Bitcoin Futures Could Trigger Lehman-Style Crisis | Fortune (http://fortune.com/2017/12/04/bitcoin-futures/)

And this...

Seychelles police warn local public against falling for online scams - Seychelles News Agency (http://www.seychellesnewsagency.com/articles/1537/Seychelles+police+warn+local+public+against+fallin g+for+online+scams)

But let's stick to the facts shall we. Violation of Money Laundering Laws, Illegal Solicitation, Unlicensed Sellers, and a mail drop in Seychelles.

EagleOne

01-16-2018, 08:54 PM

Where did Steveshaw go? Wait, I bet he is out collecting all his proof that Digitex is legal and fully compliant company. I hope he hurries or it will be gone before he can come and post it.

shipdit

02-07-2018, 01:46 PM

1. Send them real money.

2. Receive their worthless tokens in return.

3. Enjoy your time staring at your computer screen getting goose bumps as your worthless tokens magically multiply.

CNN Money has a hilarious video highlighting many ridiculous attempts at marketing vapor by randomly assigning value to ICOs:

Forget bitcoin, these are the 8 craziest cryptocurrencies (http://money.cnn.com/video/technology/2018/02/02/forget-bitcoin-these-are-the-craziest-cryptocurrencies-original.cnnmoney/index.html)

The old axiom of "something is worth what people are willing to pay for it" I have no problem with.
The concept of "it's worth something because we say it is" is something else altogether.

SD

.

EagleOne

02-07-2018, 05:13 PM

I have been waiting patiently for Steveshaw and RyanG1988 to come back and post all their proof that Digitex is legal and fully compliant with the laws in every country where it is operating. I was especially looking forward to arowx showing us how rich he was after investing in Digitex. Yet here we sit weeks later and not a peep out of them.

After all the bluster from Steveshaw and RyanG1988 this should have been a slam dunk to prove how legal and real Digitex is, and yet here we sit with nary a post or proof of any kind. For those of you who are new to how this game is played, let me illustrate and educate you.

A thread is started about a program, either by someone who is thinking of joining a program and who has questions about it or by one of the regular posters here. Others soon join in and provide information. Those of us who have been exposing these Ponzi's for decades, provide our knowledge of what we have learned over the years. The more negative information that is posted about a program always attracts a "true believer" in the program to counter what has been posted. Instead of posting all the information proving how legal the program is instead we get their name-calling and they avoid answering any questions raised from their posts. Actually these 3 are a rank amateurs at name-calling. The only answer anyone gets is more derision of our character, knowledge, our hidden agenda, and of course we provide no proof of what we say, This is exactly what Steveshaw and RyanG1988 have done. When challenged to post their proof of Digitex's legitimacy, they are no longer around and disappear into the sunset. If Digitex was real, it would have taken either one of them a whole minute to post all the facts proving it. Yet here we are weeks later and not a peep out of either one of them, nor arowx regaling us with his new-found wealth from his investment in Digitex.

What people have to understand is that it is the PROGRAM itself that must PROVE it is real and legitimate, not any of us. A real program posts their registration number with the authorities and can show they are properly licensed and registered to do business in every country they operate. Digitex has done none of this. Let me repeat that NONE! This is why Steveshaw and RyanG1988 have not been back to prove Digitex is real and legitimate.

Those of us who have been exposing these illegal programs for more than a decade recognize the names of those whose whole career has been the promotion of Ponzi's. Once we see their names in a program it is proof positive we are right in our critique of the program. They have never, ever promoted anything that was legal. To the newbie, you don't have that knowledge and thus why it is easy for you to get caught up in all the hype every time one of these new program launches. It is why this Forum is here to educate you and everyone else who take the time to come here to ask questions, discuss and learn.

shipdit

02-15-2018, 04:15 PM

"Reload SCAM" Already??

Our friends at DIGITEX are in the process of offering any poor soul who missed out on the ICO of the digital currency that they invented and claimed to have sold out in 17 minutes on January 30th a second chance to get in on the action!

How can they do that with no out-exchange for their tokens? Here's the story they are telling:

"Whale Sale
During the ICO we had a whale purchase 148 Million DGTX Tokens, we have purchased these back and will sell these to the public starting 15th February 2018"

"WHAT: 100 million DGTX tokens will be offered for sale to the public on February 15th, 2018.
HOW: We have bought back 148 million DGTX tokens from a very large buyer who bought them in our ICO on January 15th, 2018.
WHY: We were uncomfortable with one buyer owning such a large amount of DGTX tokens and we wanted to redistribute them amongst thousands of smaller buyers for the long term benefit of the project going forward."

Does anyone really believe that somebody with $1,480,000 would invest it all into an online digital currency somebody dreamed up that has no exchange method for getting cash out ... and then sell it back ten days later at the urging of DIGITEX so that the "little guys" could get in on the action?

Step right up, folks (https://digitexfutures.com/token-auction/) ...

SD

.

shipdit

02-15-2018, 09:09 PM

21736

I find that correlation interesting. 21737
SD

.

Fat City, LA

02-16-2018, 01:47 AM

""Whale Sale
During the ICO we had a whale purchase 148 Million DGTX Tokens, we have purchased these back and will sell these to the public starting 15th February 2018"

"Does anyone really believe that somebody with $1,480,000 would invest it all into an online digital currency somebody dreamed up that has no exchange method for getting cash out ... and then sell it back ten days later at the urging of DIGITEX so that the "little guys" could get in on the action?"
-------------------------------------------
I found a pic of the DIGITEX whale !

21739

EagleOne

02-16-2018, 03:13 AM

Whip

02-16-2018, 09:41 AM

shipdit

03-15-2018, 10:03 AM

.
Pretty quiet on the Digitex Facebook page (https://www.facebook.com/pg/DigitexFutures/posts/).
As is typical when browsing the pages that get thrown up to promote these SCAMS, you'll see lots of posts where Facebook will include the "View all 10 comments" link. You click it and there will be 3. Not all have met the fate of the delete button, though:

21916

SD

.

EagleOne

03-15-2018, 02:02 PM

Well, here we are over 2 months later and Steveshaw, RyanG1988 and arowx have all left the building. After all the bluster and name-calling, how dumb we all are, and not knowing what we were talking about; these three have not had one post proving Digitex is real. I'm shocked I tell you, SHOCKED that arowx has not beren back regaling us with his overflowing riches from joining Digitex. He should have been here thanking us for convincing him to join. After all he said he only did it because of our posts. No gratitude for all we did for him.

shipdit

04-03-2018, 01:09 PM

In house forums where the admin can ban any member and even just delete the whole forum when they ready to run is a HUGE RED FLAG!!
https://community.digitexfutures.com

So ... coming up on three months since the floodgates were opened to sell the 700 million Digitex tokens we take a look at the DIGITEX forum (https://community.digitexfutures.com):

5 threads started by "Digitex Support
27 threads started by "Adam" (owner)
0 threads started by users/customers

Customer engagement/interest?

7 posts by 6 users

What do you suppose is more likely?

- The sale of 700 million tokens was pretty much of a charade along with the "resale" of 148 million?

- The throngs of excited consumers of the DIGITEX tokens just don't have much to say?

- Whatever their customers do have to say doesn't make it past censorship on their in-house forum?

Steveshaw? RyanG1988?

Could you guys reappear here and shed some light on this phenomena for us, please?

SD

.

ribshaw

04-03-2018, 02:14 PM

If this is to be believed investors are into this for $7.3 million, will be interesting to see the value when/if this starts trading on a public exchange.

According to the below Digitex token will be launched on an exchange in 90 days.

Digitex Futures Exchange
April 1
https://www.facebook.com/DigitexFutures/

22252

https://www.youtube.com/watch?v=1Y85WejVjSU

Token sale recap.

In our Digitex ICO that took place on January 15th, 2018 we sold out 650 million DGTX tokens in 17 minutes, raising a total of $5.4 million from 2,530 buyers

https://digitexfutures.com/dgtx-token-block-trade-on-feb-15th/

In the second offering people got in at $.02 per token.

22253

https://www.youtube.com/watch?v=JdpmuXw4Qm0

Steveshaw

04-05-2018, 04:36 AM

I'm not going to argue that the forum is dead, they've been directing people to their telegram group since the beginning. The forum seems to be more of an info page rather than a forum I agree although like I have said, they've never really advertised for people to 'come join our forum' as they clearly aren't using it in that way

For the record I invested in them, I'm not going to bother arguing about it because that's my opinion and you have yours which is fine. They seem to have followed through on what they've promised so far.

shipdit

04-05-2018, 09:29 AM

.
Thank you for your response Steveshaw.
As we are now entering the three-month window where it has been announced that DIGITEX tokens will be listed on an exchange, I will look forward to your future updates.

SD

.

ribshaw

04-05-2018, 10:14 AM

For the record I invested in them, I'm not going to bother arguing about it because that's my opinion and you have yours which is fine.

Thanks for checking back Steve.

Don't be coy, weren't you the whale that divested? :RpS_smile:

They seem to have followed through on what they've promised so far.

It's going to be interesting to see what happens if they hit an exchange. Public trading gives markets a chance to determine value as opposed to the closed system we've seen with so many ICOs. Although, as with stocks ICOs have been subject to the same pump and dump charades.

Do you have any indication they've taken steps to license their brokerage for US Trading?

Steveshaw

04-05-2018, 10:26 AM

Thanks for checking back Steve.

Don't be coy, weren't you the whale that divested? :RpS_smile:

It's going to be interesting to see what happens if they hit an exchange. Public trading gives markets a chance to determine value as opposed to the closed system we've seen with so many ICOs. Although, as with stocks ICOs have been subject to the same pump and dump charades.

Do you have any indication they've taken steps to license their brokerage for US Trading?

Haha I wish I had that much. I put about 12 eth in which is a still a fairly significant amount but obviously not on that level.
They've said from the start that the dgtx token is a utility token simply to trade futures contracts commission free(although of course there may be an issue of securities here). The CEO I think said it was unlikely that trading on the crypto futures platform would be allowed in the US - although they'd try and approach each country on a case by case basis if necessary.

I assume the token will probably drop in value given the state of the crypto market at the moment but I'm confident enough that there will be a demand for the final product to make a significant gain on what I've put in.

ribshaw

04-05-2018, 10:36 AM

Haha I wish I had that much.

I hope after this you will.

although of course there may be an issue of securities here

There is in the US.

The CEO I think said it was unlikely that trading on the crypto futures platform would be allowed in the US - although they'd try and approach each country on a case by case basis if necessary.

This would unlock value IMO by opening up a much larger market and give greater credibility to the platform.

Steveshaw

04-05-2018, 11:00 AM

There is in the US.

Indeed, they would need an attorney in the US to confirm that the token was simply a utility token like they've said rather than a security which I believe can't really be judged until the platform can be seen in action. Right now I have no idea, I'm not versed in US law unfortunately.

I've seen a number of things online claiming one thing or another against Digitex and whilst opinions are opinions I do feel some of them really have no basis.
Things like
'The main issue with Digitex is that you cannot sell your tokens. Digitex is not an exchange and if you read the whitepaper you will learn that they have no intention of going to an exchange with their tokens. There is a good YouTube video about this issue. Digitex is like a casino, they want you to spend and loose your Digitex tokens while trading on their platform. But in the rare case you make profit, you are paid in Digitex tokens, but unlike in a casino there is no place for cashing out. This is the real scam behind Digitex.'

This above is a strange one - I agree the whitepaper doesn't explicity mention exchanges but the roadmap has q2 earmarked for exchange listings. If their plan was to not list on an exchange then I'm not sure why they'd still be going on with the charade as it'd be pointless. But the whole argument here is full of contradictions - if they were not listed on an exchange and the coin is worthless why would they even want you to trade? It would have no worth to them. This guy doesn't know how futures contracts works, you are trading futures contracts against other users, not digitex so in what way is it a casino? A casino has a house edge and wants you to lose, that's how they profit. If you lose a trade on digitex another user is winning, not digitex. Digitex do not hold your funds or take a commission on it.

Then theres Excessive referral commissions - I agree that the referral bonuses were high but that's advertising really. They've paid out a fair chunk of eth(which you can find posted on their telegram page), if it were a scam why even bother paying it out? Why not just sail into the wind in a 5million dollar boat?

The ponzi scheme issue that they could maybe list on exchanges then open their own futures trading platform and steal peoples funds when they deposit(the funds here would be the digitex tokens as there's no fiat or other currency that can be deposited). - Again anyone who's done a tiny touch of research would see that their plan is to have decentralised balances, i.e. they and nobody else can touch it if they were hacked or compromised for example. This will be via a smart contract which will presumably be audited by an independent firm and smart contracts can be reveiewed by anyone anyway on the eth blockchain

Anyway like I've said I'm invested in them and I feel like what they are building is going to have real value. I was in this thread before when I probably got a bit emotional or even a bit rude(I was not the only one in fairness) but tbh I don't particular regret that as I was simply defending a company/ico that I obviously believe in hence my investment, if anyone was genuinely offended by it here then I apologise. You guys obviously think its a scam hence the thread, I found this thread by searching google for digitex, not because I specifically was trying to seek out this page/forum. I don't think it's a scam, and I guess we'll all see how it goes. I do feel like they should be given some time to deliver at the very least though.

Random question, are you actually from Nigeria lol

Fat City, LA

04-05-2018, 12:00 PM

"if it were a scam why even bother paying it out? Why not just sail into the wind in a 5million dollar boat?"

Its called the long con.
Cant tell you how many times Ive read something similar to whats quoted above and it always goes bad.

"when I probably got a bit emotional or even a bit rude"
A bit??? Try ALOT...... Im surprised this childish rube showed back up here after embarrassing himself beyond belief last time.

Joe_Shmoe

04-05-2018, 04:06 PM

Steve, please point me to another thread on Realscam where the "company" in question was NOT a scam.

Steveshaw

04-05-2018, 04:30 PM

So Fatcity this site genuinely is just for I told you so's and no discussion? Just a simple its a scam when you've not allowed them to do or build anything. Okay fair dos.

What's the long con here? First it was they were not actually gonna build anything, just sell a bunch of worthless tokens, you can't just whip tokens out of nowhere, now its a long con. And yet they plan to hold no user funds in their exchange.

Do you understand how the new token issuance works? Digitex obviously need funds to run the exchange, we can agree that you can't run an exchange for free. They draw up scenarios, e.g. create x number of tokens which will keep digitex running one month or x amount to keep it running one year or even create no tokens which will see the exchange have no funds to run the exchange after x amount of time. This is voted on by digitex holders. The team itself hold 100m(vested for 3 years - smart contract for that can be seen on the eth blockchain), 200m count as market maker bots not 'owned' by anyone, so that 200m has no voting rights. So 1 dgtx token will give you one vote, holders vote on the issue. Right now they say they have enough funds to build and run the exchange up to January 2021, so no tokens will be minted before then. So in that scenario it looks like it costs maybe a couple of million a year to run the exchange. Assuming the platform is popular and takes off the costs may increase slightly but not an extreme amount, so I think it will be clear to token holders if they take the piss with figures. Not everything is as black and white as it seems to you when you look at the finer details

Steveshaw

04-05-2018, 04:49 PM

Steve, please point me to another thread on Realscam where the "company" in question was NOT a scam.

I'm not on here to argue again. You think its a scam and I don't, that's fine. I'm not doubting that you may have an aptitude at finding scams(the same way I've had an aptitude at investing in cryptocurrencies the last 4 year) but at the same time I think the reality is nobody is right 100% of the time, its impossible. To write something off instantly isn't fair in my book, that's all.

ribshaw

04-06-2018, 01:32 AM

Indeed, they would need an attorney in the US to confirm that the token was simply a utility token like they've said rather than a security which I believe can't really be judged until the platform can be seen in action.

It's a security no question about it, everyone yourself included bought it with the expectation of making a profit. What Is the Howey Test? - FindLaw (http://consumer.findlaw.com/securities-law/what-is-the-howey-test.html)

'The main issue with Digitex is that you cannot sell your tokens.

If they list on a public exchange where people can convert their Digitex to other currency this ceases to be an issue. If on day 91 you hear but but but well let's just say that wouldn't be a first.

You are trading futures contracts against other users, not digitex so in what way is it a casino? A casino has a house edge and wants you to lose, that's how they profit. If you lose a trade on digitex another user is winning, not digitex.

There are plenty of illegitimate brokers that are https://www.investopedia.com/terms/b/bucketing.asp trades. Without being able to see trades clear on an independent system I'm not certain how you would know who or if you are are actually trading against anyone.

Digitex do not hold your funds or take a commission on it.

How is Digitex going to clear trades and post margin without access to traders funds? Sounds like they would be opening themselves up to a hell of a lot of Bermuda Straddles. That's where a trader makes a huge one way bet with money they don't have while simultaneously purchasing a ticket to Bermuda. If the trade wins they collect, if not they catch a plane.

Then theres Excessive referral commissions - I agree that the referral bonuses were high but that's advertising really. They've paid out a fair chunk of eth(which you can find posted on their telegram page),

Excessive doesn't even begin to sum it up. Digitex could have hired Goldman Sachs and raised 10X as much for less than $2.8M, who does that?

if it were a scam why even bother paying it out? Why not just sail into the wind in a 5million dollar boat?

When someone shows their face promoting something they seldom run off, more often than not they blow their victims off one excuse at a time.

A better question might be when was the last world class trading operation was started with $5m?

Anyway like I've said I'm invested in them and I feel like what they are building is going to have real value.

I do hope you make money, but to me it sounds more like a good story.

Random question, are you actually from Nigeria lol

Yes, does this document look like something just anyone could create?

22279

littleroundman

04-06-2018, 02:26 AM

It's obviously a legitimate document befitting a discussion about an obviously legitimate Bitcoin Futures Trading company such as Digitex.

I'm surprised, therefore that such small, hardly noticeable mistakes got through the proofreader.

Steveshaw

04-06-2018, 03:15 AM

It's a security no question about it, everyone yourself included bought it with the expectation of making a profit. What Is the Howey Test? - FindLaw (http://consumer.findlaw.com/securities-law/what-is-the-howey-test.html)

If they list on a public exchange where people can convert their Digitex to other currency this ceases to be an issue. If on day 91 you hear but but but well let's just say that wouldn't be a first.

There are plenty of illegitimate brokers that are https://www.investopedia.com/terms/b/bucketing.asp trades. Without being able to see trades clear on an independent system I'm not certain how you would know who or if you are are actually trading against anyone.

How is Digitex going to clear trades and post margin without access to traders funds? Sounds like they would be opening themselves up to a hell of a lot of Bermuda Straddles. That's where a trader makes a huge one way bet with money they don't have while simultaneously purchasing a ticket to Bermuda. If the trade wins they collect, if not they catch a plane.

Excessive doesn't even begin to sum it up. Digitex could have hired Goldman Sachs and raised 10X as much for less than $2.8M, who does that?

When someone shows their face promoting something they seldom run off, more often than not they blow their victims off one excuse at a time.

A better question might be when was the last world class trading operation was started with $5m?

I do hope you make money, but to me it sounds more like a good story.

Yes, does this document look like something just anyone could create?

22279

Yep I’ve seen the howey test, in that case every cryptocurrency is a security. Digitex haven’t built the platform yet so there’s not much point discussing it now, as mentioned they said they’d try and be regulated and operational in as many places as possible, and you can’t get that sorted with a working beta model of the platform at the very least.

I agree, perhaps in that case we could wait and see on exchanges then?

You need to read up on off and on chain settlement and how decentralised balances work. Smart contracts are designed not to allow any outside intrusion - either from digitex themselves or hackers. Like I’ve said this smart contract will be audited by someone independent, presumably the same independent sourced that verified that the ‘magic wand’ as someone put it here had indeed worked to create the tokens. This same smart contract would be on the ethereum blockchain where anyone could review it. You can see the full info of how this works on page 12, 13 and 14 of their whitepaper as I don’t want to copy and paste huge amounts of text.

I’ve been in several others ICO’s, some have had bigger bonus payouts and some have had less. Some with high eth payouts, some with higher token payouts e.g. 50% tokens on top of what you bought. Some with no bonuses at all. This is how ICO’s have worked. I’ve seen scam ico’s give no commissions, I’ve seen successful ICO’s that went on to create something gave out huge original bonuses, this is not a digitex matter alone.

Well they’ve followed through on what they’ve said so far. There’s no denying that.

shipdit

04-06-2018, 10:52 AM

22279
The FEDERAL MINISTRY OF JUSTICE condemns the distribution of FAKE certificates and is looking in to this matter with all expedience of modalities.

Please note official, authenticated document below as presented by our barrister Hon. Fasola Olapade.

Relevant documents must be submitted along with any tax of taxes of any ministry of corporation before the end of business hours today.

22281

Fat City, LA

04-06-2018, 11:19 AM

Just couldn't make it through this hayseed steveshaw's novella.
I only read NON-fiction.

So Fatcity this site genuinely is just for I told you so's and no discussion? Just a simple its a scam when you've not allowed them to do or build anything. Okay fair dos.

What's the long con here? First it was they were not actually gonna build anything, just sell a bunch of worthless tokens, you can't just whip tokens out of nowhere, now its a long con. And yet they plan to hold no user funds in their exchange.

Do you understand how the new token issuance works? Digitex obviously need funds to run the exchange, we can agree that you can't run an exchange for free. They draw up scenarios, e.g. create x number of tokens which will keep digitex running one month or x amount to keep it running one year or even create no tokens which will see the exchange have no funds to run the exchange after x amount of time. This is voted on by digitex holders. The team itself hold 100m(vested for 3 years - smart contract for that can be seen on the eth blockchain), 200m count as market maker bots not 'owned' by anyone, so that 200m has no voting rights. So 1 dgtx token will give you one vote, holders vote on the issue. Right now they say they have enough funds to build and run the exchange up to January 2021, so no tokens will be minted before then. So in that scenario it looks like it costs maybe a couple of million a year to run the exchange. Assuming the platform is popular and takes off the costs may increase slightly but not an extreme amount, so I think it will be clear to token holders if they take the piss with figures. Not everything is as black and white as it seems to you when you look at the finer details

ribshaw

04-06-2018, 12:22 PM

Yep I’ve seen the howey test, in that case every cryptocurrency is a security.

Every ICO is a security, not sure I would agree every Cryptocurrency is a security. Beanie Babies for instance saw a brief speculative bubble and had perceived value that did not make them a security. If someone was to sell stock on a fund that traded beanie babies that would constitute a security.

"As SEC Chairman Jay Clayton has stated, tokens and offerings that feature and market the potential for profits based on the entrepreneurial or managerial efforts of others contain the hallmarks of a security under U.S. law."

https://www.sec.gov/ICO

Digitex haven’t built the platform yet so there’s not much point discussing it now, as mentioned they said they’d try and be regulated and operational in as many places as possible, and you can’t get that sorted with a working beta model of the platform at the very least.

There's not much point in discussing it because people already invested, IMO the particulars should have been in place ahead of the offering.

You need to read up on off and on chain settlement and how decentralised balances work. Smart contracts are designed not to allow any outside intrusion - either from digitex themselves or hackers. Like I’ve said this smart contract will be audited by someone independent, presumably the same independent sourced that verified that the ‘magic wand’ as someone put it here had indeed worked to create the tokens. This same smart contract would be on the ethereum blockchain where anyone could review it. You can see the full info of how this works on page 12, 13 and 14 of their whitepaper as I don’t want to copy and paste huge amounts of text.

So I don't have to spend all day writing, let's say I buy 100% into the "Smart Contract" for trade settlement. Unless Digitex can link this Buck Rogers stuff with all the other regulated brokers worldwide to clear trades I'm not feeling it.

I agree, perhaps in that case we could wait and see on exchanges then?

In reading as much as I could take of the whitepaper https://www.digitexfutures.com/wp-content/uploads/2017/12/Digitex-Whitepaper-11.0.pdf this sounds like it will be a very small illiquid platform. Despite the use of bots allegedly programmed to break even.

As it stands there is virtually no interest in trading BTC futures, I could drive my truck through the spreads.

Bitcoin Futures Quotes - CME Group (http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html)

https://ninjatrader.com/blog/bitcoin-futures-market-analysis-faq/

The notion of penny spreads at a closed system settled on the Ethereum Blockchain is fanciful in my opinion.

I’ve been in several others ICO’s, some have had bigger bonus payouts and some have had less. Some with high eth payouts, some with higher token payouts e.g. 50% tokens on top of what you bought. Some with no bonuses at all. This is how ICO’s have worked. I’ve seen scam ico’s give no commissions, I’ve seen successful ICO’s that went on to create something gave out huge original bonuses, this is not a digitex matter alone.

Adam Todd has been a sports tout for years, have you asked yourself why he couldn't raise $5M without paying a 35% vig?

Most ICOs have and will prove to be investments going to zero.

https://www.forbes.com/sites/tromero/2018/01/09/why-your-ico-investment-is-going-to-zero/#17c803903922

Well they’ve followed through on what they’ve said so far. There’s no denying that.

They say they are following through, that's not the same a following through. We'll see what happens in 89 days.

ribshaw

04-30-2018, 11:54 AM

This smacks of vaporware, a public listing of the coin two quarters before they are maybe able to deliver a viable trading platform?

22498

shipdit

05-13-2018, 10:03 PM

EagleOne

05-14-2018, 01:44 AM

I'm sure Steveshaw can explain all of this to us. That is if he will come back and post.

Whatever happened to arowx? S/he was to come back and tell us how well s/he did with their investment into Digitex that we convinced him to invest. Surely by now s/he fortune has been made. Unless of course it all went south and s/he lost it all, and is too embarrassed to come back and tell us.

ribshaw

05-15-2018, 07:08 AM

Looks like they hit their first exchange with the last trade at $.0246($733.51 ETH X .000033480).

https://www.youtube.com/watch?v=Od5y4tvx7xQ

https://exrates.me/dashboard

last:966.000000000 DGTX
vol:7577117.373894529 DGTX
222.455907675 ETH
start:0.000040000 ETH
end:0.000033480 ETH
% change:-16.30%

$733.51 May 15 quote
https://www.coindesk.com/ethereum-price/

Announced exchanges not yet trading.

https://www.radex.ai/welcome
https://www.ooobtc.com/

ribshaw

05-15-2018, 12:08 PM

Watching DGTX trade in real time is interesting to me. Two things I want to see is if the number of account holders goes up or down and what the large token holders choose to do.

22597

https://exrates.me/dashboard

https://www.coindesk.com/ethereum-price/

Summary
Total Supply: 1,000,000,000 DGTX
Holders: 9245 addresses
Transfers: 11977
0x1c83501478f1320977047008496dacbd60bb15ef

https://etherscan.io/token/0x1c83501478f1320977047008496dacbd60bb15ef

22598

https://etherscan.io/token/0x1c83501478f1320977047008496dacbd60bb15ef#balance s

ribshaw

05-15-2018, 12:46 PM

I'm consistently a decade behind on the latest and greatest technology so I might be reading this blockchain thingy wrong.

Here's what I'm seeing, a total supply of 1,000,000,000 DGTX was created out of thin air on the premise that a futures trading platform will back them with real value. Give or take ETH was exchanged for 700,000,000 DGTX tokens, with the two largest accounts showing no value upon transfer. Maybe this means nothing, a company can issue stock and hold some in treasury without selling them to the public. There would be no exchange of value for treasury shares either. However, IPOs even when legit have an uncanny history of getting dumped on the public at premium prices.

Since the jury is out, let's consider these accounts whales and bagholders.

22599

Moby Dick
22600

Shamu
22601

Bagholder
22602

Bagholder1
22603

https://etherscan.io/token/0x1c83501478f1320977047008496dacbd60bb15ef?a=0x53f 117ca3b93eda96d08c8496af103303c385059

I certainly wouldn't want to see any selling from the two largest accounts this early in the dance. If I was an investor in DGTX I would really want to see them accumulating DGTX in the open market. Along those lines my preference would be to see the number of addresses decreasing since this would mean people are selling out and other holders are accumulating the float.

Steveshaw

05-15-2018, 12:57 PM

Yeah ribshaw, the 100m is team tokens vested for 3 years, this is the github of the smart contract audited by smartdec - https://github.com/smartdec/dgtx-vesting

the 200m is for the digitexfutures exchange liquidity providers so they won't move until the futures exchange is live, the whole point of blockchain is while it's anonymous you can't hide when tokens or coins are moved. If they moved those before then then I'd absolute agree with it being a scam but i don't think they will as a digitex believer.

They hit the exchange like they said they would in Q2. So now on to the next step

ribshaw

05-15-2018, 01:37 PM

During the ICO we had a whale purchase 148 Million DGTX Tokens, we have purchased these back and will sell these to the public starting 15th February 2018"

It took me two mugs of rich Ovaltine but I couldn't find this transaction in or out on the blockchain. There were a few individual sales in the million range, none I saw that came anywhere close to this elusive whale.

22605

https://etherscan.io/token/0x1c83501478f1320977047008496dacbd60bb15ef?a=0x53f 117ca3b93eda96d08c8496af103303c385059

22606

https://etherscan.io/address/0x1c83501478f1320977047008496dacbd60bb15ef#tokentx ns

22607

https://etherscan.io/address/0x1c83501478f1320977047008496dacbd60bb15ef#interna ltx

ribshaw

05-15-2018, 01:40 PM

the whole point of blockchain is while it's anonymous you can't hide when tokens or coins are moved.

Welcome back Steve.

Can you locate information on the blockchain showing the whale sale either in or out? I just scanned it manually and couldn't locate anything close, but as I said this isn't really my forte.

They hit the exchange like they said they would in Q2. So now on to the next step

I agree. This provides participants a market to arbitrate value and provide liquidity.

EagleOne

05-15-2018, 01:44 PM

Steveshaw

05-15-2018, 02:07 PM

This is the whale sale contract. Reverse auction so nobody got tokens till the time ended or the price equilibrium was reached
https://etherscan.io/address/0x81f040ec6a1574197ae651025383170230f31c07

As you can see here it was 100m token resold - https://etherscan.io/tokentxns?a=0x81f040ec6a1574197ae651025383170230f3 1c07&p=68
Adam said he kept the other 50m for the developers coming in.

edit - the reverse auction smart contract github https://github.com/smartdec/dgtx-auction - audited by the same company as before I believe

ribshaw

05-15-2018, 02:37 PM

This is the whale sale contract. Reverse auction so nobody got tokens till the time ended or the price equilibrium was reached
https://etherscan.io/address/0x81f040ec6a1574197ae651025383170230f31c07

Steve perhaps I'm missing something, can you link me to the initial sale to the whale where 148M tokens where purchased and held in a wallet?

This is the blockchain https://etherscan.io/token/0x1c83501478f1320977047008496dacbd60bb15ef?a=0x53f 117ca3b93eda96d08c8496af103303c385059 I reviewed and I'm not seeing it.

I would expect to see an "in" transaction for 148M tokens between the first and second sales with the aforementioned wallet now showing a zero balance.

Steveshaw

05-15-2018, 02:49 PM

ribshaw

05-15-2018, 03:05 PM

Ah sorry I didn't realise what you meant, i thought you meant that sale contract

The whale did 2 tx's(from the same wallet)
https://etherscan.io/tx/0xe243a654a09e2c1df036d2f144f1364131dedd92698ddd5b 8820546959649fd1
https://etherscan.io/tx/0x6d1be99e064b31f3b877b04d65c12cebeeca5e7668183584 c7c542ca05365d07

Steve I'm sort of seeing it here.

https://etherscan.io/token/0x1c83501478f1320977047008496dacbd60bb15ef?a=0x00b ff059ca2bd98b9ecb0bd35be0d1610de2cf62

This is the bigger of the two transactions where 940 Ether changed hands.

Value: 940 Ether
https://etherscan.io/tx/0xe243a654a09e2c1df036d2f144f1364131dedd92698ddd5b 8820546959649fd1

There are four smaller blocks going out, can you explain why no value is shown?

Value: 0 Ether
https://etherscan.io/tx/0xff85aeaca51e7f206733c0fefd5010f84aa684d643aa699c 6ae79d2eb215a1ac

Steveshaw

05-15-2018, 03:12 PM

This is when the whale is sending the tokens back in increments. so there would be no value other than the tokens being sent, the payments back to the whale would have to be in separate transactions

Payment of 1128.02 ETH for 148,314,000 DGTX was split into 5 transactions:
1st transfer of 226 ETH from Digitex to whale:https://etherscan.io/tx/0x73472208c38ea19ed759b0a20964e573b653657388dc701f 68405f286677b067
1st transfer of 29M DGTX tokens from whale to Digitex:https://etherscan.io/tx/0xff85aeaca51e7f206733c0fefd5010f84aa684d643aa699c 6ae79d2eb215a1ac
2nd transfer of 226 ETH from Digitex to whale:https://etherscan.io/tx/0x0b563d07e1fb6f341be78da054fd56400ddd9f7c998db0c5 b13cdd01df043bac
2nd transfer of 29M DGTX from whale to Digitex:https://etherscan.io/tx/0x76cda201062f47323ed54cc2b059ff3fdeabe690aafc4824 e0cea6617c81fb05
3rd transfer of 226 ETH from Digitex to whale:https://etherscan.io/tx/0x02101dd5c95a39cae226af9c45a9f0b7df8f253106b533d9 96db14ad88d1745f
3rd transfer of 29M DGTX from whale to Digitex:https://etherscan.io/tx/0x21e22ee4b6e67431bf8623e60dbef00536161b53d1eeed18 6cc63329977aff2d
4th transfer of 226 ETH from Digitex to whale:https://etherscan.io/tx/0x9ad35ec4a016e2b56dc166c49a88d029c2bee47e69dd1065 3f5a4aee1449fee4
4th transfer of 29M DGTX from whale to Digitex:https://etherscan.io/tx/0x6797466ac7a3658808efb3acf73ec0458f8ad9b7fde150ec 9719cec7f1fef643
5th transfer of 222.02 ETH from Digitex to whale:https://etherscan.io/tx/0xc61231bd1b46b543cdcc575b81eb73755de0759cfd686312 c474d6a76f58fcc2
5th transfer of 29M DGTX from whale to Digitex:https://etherscan.io/tx/0x7e6dfaddc2b97e1537cab28ad6c7c2ffab6bdf388e626ed1 f00ff02e0e5f4d29

As you can see the eth payments go into another wallet(which wouldn't be that uncommon tbh, people generally have multiple wallets or would do at the values of funds he/she is moving). The wallet the eth is sent to dates back around 227 days and has a huge amount of funds moving around in general

ribshaw

05-15-2018, 03:17 PM

Thanks again, one more question did I miss the transactions showing on this record https://etherscan.io/token/0x1c83501478f1320977047008496dacbd60bb15ef?a=0x53f 117ca3b93eda96d08c8496af103303c385059 ? If you can give me the page number it would be great.

Steveshaw

05-15-2018, 03:34 PM

Yeah it's on Page 4 of the transactions, about halfway down - 146,752,800.

Thankfully it was early otherwise I'd have probably given up, blockchain explorers really need a search function.

Actually figured out an easier way to look, the other one of 1,561,200 is at the very bottom of page 46.

shipdit

07-01-2018, 02:57 PM

.
Six weeks into public trading it looks like the investors who were willing to cough up $0.01 (one cent) per token have lost 33% of their investment (assuming no fees for selling or conversion to the currency of their choice).

22842

I am reluctant to try and analyze the legitimacy or relative worth of anything that is thinly traded. I have only bought and sold one OTCBB-listed stock in my life due to the potential for manipulation. A quote from the Salon article (https://www.salon.com/2018/07/01/bitcoin-price-manipulation-puts-trust-in-cryptocurrencies-at-risk_partner/) that Bestbud posted (http://www.realscam.com/f45/bitcoin-price-manipulation-puts-trust-cryptocurrencies-risk-5279/#post123895) may be worthy of attention in a market where volume has all but dried up completely and the owners of Digitex control at least 30% of the tokens:

"Beyond bitcoin, the potential for price manipulation is even higher in digital currencies with much less trading volume"

22843

There's not exactly any sign of the DigitexFutures exchange being heavily trafficked by enthusiastic investors dabbling in the futures market using tokens that they were told were worth a penny apiece:

22845

My best guess is that the people that were naive enough to buy these "dreamed up out of thin air" tokens are now avoiding reality and just thinking "I sure hope they go back up again sometime soon".

67 one-hundredths of a penny ... where are the "bargain hunters"?

SD

.

shipdit

07-03-2018, 10:19 AM

.
Interesting pattern of updates under the news section (https://digitexfutures.com/news/) of the DIGITEX website:

December 2017 -- 5 items
January 2018 --- 10 items
February 2018 --- 5 items
March 2018 ------ 2 items
April 2018 -------- 0 items
May 2018, so far - 0 items
Well at least somebody is awake, "at the switch" and paying attention to what they read on the internet.

"digitexfutures.com/news/" now re-directs to "blog.digitexfutures.com".

Lots more "news" now available!

SD

.

shipdit

12-12-2018, 02:37 PM

23383

23384

When these "tokens" first got dreamed up and offered for sale, my impression was: "Wow - invent an imaginary product, declare them to be worth a penny each, then sell 700 million of them to gullible people for a tidy haul of seven million dollars for your efforts".

I perceived the creators reserving an additional personal pile of 268,750,000 of the magical tokens for their own trading purposes and announcing they they could wave their magic wand at any time to declare the existence of yet more tokens as payment for their services amounting to holding the keys to the imaginary bank - a ripe scenario for a totally manipulated market.

At today's price of 3.4 cents per token (according to CoinMarketCap) investors would appear to have made a brilliant decision and it would be hard to argue that the boys holding the magic wand have their original $7 million-dollars of real money plus a self-bestowed hoard of their own tokens worth nine million, one hundred thirty-seven thousand and five hundred dollars ... assuming they can sell in an unregulated market.

According to Similarweb.com, DigitexFutures' website visits are originating primarily from Brazil, Venezuela, Columbia, Russia and Ukraine. The 43% of visitors who do not "bounce" (leave after displaying whatever page they land on) view the page they land on and one more page.

So what keeps such a seemingly lucrative investment from attracting the interest and attention of sophisticated investors in the United States, the United Kingdom, Germany, France, Italy and Canada?

Is it possible that a digital token dreamed up and marketed almost a year ago for $7 million that experiences a spike over a two-month period from the middle of August to the middle of October that sees daily dollar volumes equaling 32% of the original capitalization might be the result of a manipulated market?

Maybe Digitex Futures can shed some light on that for us:

23385

SD

.

ribshaw

12-27-2018, 10:35 PM

At today's price of 3.4 cents per token (according to CoinMarketCap) investors would appear to have made a brilliant decision and it would be hard to argue that the boys holding the magic wand have their original $7 million-dollars of real money plus a self-bestowed hoard of their own tokens worth nine million, one hundred thirty-seven thousand and five hundred dollars ... assuming they can sell in an unregulated market.

It would be interesting to see from the block chain who did all the selling at the peak. That not withstanding this market cap is pretty impressive for a run of the mill business. Hope Steve Shaw and those like him took a little cream off the top.

Market Cap $40,048,411

Since All-Time High -65.6%

23466

https://www.coingecko.com/en/price_charts/digitex-futures-exchange/usd

ribshaw

04-26-2019, 12:31 PM

Amazingly still above the ICO launch price even after this.

https://www.youtube.com/watch?time_continue=27&v=X8SNPCtk6Yk

"Price is down -68% in the last 24 hours. It has a circulating supply of 838 Million coins and a max supply of 1 Billion coins."
https://www.coingecko.com/en/coins/digitex-futures-exchange

Cboe to stop listing bitcoin futures as interest in crypto trading cools
https://www.cnbc.com/2019/03/18/cboe-to-stop-listing-bitcoin-futures-as-interest-in-crypto-trading-cools.html

EagleOne

04-26-2019, 01:21 PM

So let me get this straight. Everything that is wrong is a bug, but then it's not a bug because Spotware says it is not a bug. It is a deal breaker but it is not a deal breaker, we can still launch but it will take 2 months to fix the bugs that are not bugs. But now we are going back to the original in-house development that was going to take too long to launch and delay the launch for up to 3 months. Did I miss anything?

Anyone want to bet that this doesn't launch in 3 months?

ribshaw

03-16-2020, 11:59 AM

I'd say they know their customer very well, people that don't know the definition of trustless.

Digitex Futures Exchange
March 10 at 4:11 PM ·

We are now officially a no KYC exchange. All you have to do is send #ETH to the #Digitex Treasury & you'll automatically receive #DGTX in your wallet. It's a fast, easy & trustless transaction! We're making zero-fee #trading that much better! #DFE #Futures
Digitex Futures Exchange - Home | Facebook (https://www.facebook.com/DigitexFutures/)

Market Cap $19,513,695
All-Time High $0.162694 -85.8%

Digitex Futures Exchange (DGTX) price, marketcap, chart, and info | CoinGecko (https://www.coingecko.com/en/coins/digitex-futures-exchange)

shipdit

10-08-2021, 02:43 PM

.
Six weeks into public trading it looks like the investors who were willing to cough up $0.01 (one cent) per token have lost 33% of their investment. (assuming no fees for selling or conversion to the currency of their choice).

...

My best guess is that the people that were naïve enough to buy these "dreamed up out of thin air" tokens are now avoiding reality and just thinking "I sure hope they go back up again sometime soon".

Had to follow up on this one on a whim today. How are all those fine folks who coughed up a penny a piece for those fine "digitex tokens" doing with their "investment" these days?

24748

They've lost 71% .

I imagine that the manipulators who pumped this sh!tcoin up to the various highs before dumping did quite well,

The Ponzi promoters who raked in the 30% referral fee probably laughed all the way to the bank as well.

DIGITEX futures? Don't make me laugh!

DIGITEX past? Pretty obvious.

SD

.

shipdit

12-03-2023, 11:02 AM

Holy mackerel, how time flies!

It's been two years since we last checked in on the exciting world of "no-fee futures trading" featuring Digitex Tokens.

First order of business: right at the top of the CoinMarketCap chart is a prominently featured notice that reads:

"DigitexFutures was rebranded and is now known as Digitex Games"

Huh? I won't waste any time trying to track down the details behind that story. I am more interested in how the suckers that bought in to this when a billion tokens were magically created and 700 million of them were advertised for the low, low price of "only" one cent each.

The good news is that there is still a market for DGTX; trading volume in the last 24 hours was $1,597.
The bad news is that if you spent $1,000 buying these things when they were first offered at $0.01 your Digitex holdings are now worth:

$6.42

Yes, that is six dollars and forty-two cents!

SD

.24901

shipdit

02-04-2024, 06:24 PM

24913

I'm not as plugged in to the news as I used to be!

In a nutshell: After inventing a billion Digitex tokens out of thin air and convincing people that they were worth $0.01 each Adam Todd & Co were able to sell $7 million dollars worth (keeping $3 million "worth" for himself). When the tokens never really took off after that he employed bots to - you guessed it - manipulate the market (see chart in previous post).

Surprise! People get ripped off again. Kudos to the CFTC for throwing the book at this crook.

Digitex and Adam Todd hit with $15M fine for illegal crypto exchange activity - FX News Group (https://fxnewsgroup.com/forex-news/cryptocurrency/digitex-and-adam-todd-hit-with-15m-fine-for-illegal-crypto-exchange-activity/)

SD