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News Commentary #118 — Gcprofits and Ethtrade

First Thoughts on Gcprofits.

Gcprofits just began a “Silver” listing in the Emily News Monitor. They are based in Seychelles and make their money trading currencies on the Forex market. Gcprofits has five investment plans. They all return your deposit as part of your interest earnings and the interest that you receive depends on the size of your deposit. So, there are actually a number of “sub-plans” (five or six of them!) within each of the five main plans depending on how much money you invest. The first plan pays 8.5% – 20% daily for 14 calendar days and has a minimum deposit of $25. The second pays 8% – 16% daily for 30 days with a minimum deposit of $1,001.  The third pays 115% – 250% after 10 calendar days and also has a minimum deposit of $25. The fourth pays 220% – 350% after 20 calendar days with a minimum deposit of $500.  And, the fifth pays 320% to 550% after 30 days with a minimum deposit of $300.  All the plans have a maximum deposit of $50,000.  Please stand by for a detailed review of Gcprofits when we will thoroughly explore the relative profitability of the five investment plans and their many variations.

 

Ethtrade Put on Hold.

Unfortunately, we have had to place Ethtrade on “Hold” status. The company is still processing withdrawals but does not respond to support requests. This is an unusual situation as, typically, if a program is about to close, the first sign is that it will stop paying withdrawal requests from its investors. However, something isn’t right and, for example, if the company is so overloaded that it can’t handle its support obligations, it would be a simple matter to post an explanation so that investors will understand what’s going on. Lacking any sort of explanation, we advise that you do not invest with Ethtrade until we remove it from Hold status. Please stand by for further information on this.
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