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News Commentary #146 — SimbWealth and Ethtrade

SimbWealth Announces Bonuses!

SimbWealth (reviewed here) just announced that they will be awarding a $5 bonus for videos describing an investor’s experience with their program.  This isn’t much, but I don’t think that SimbWealth is expecting more than a few minutes of your time to do this.  If you are already an investor with SimbWealth, this would be a snap for you to do.

In News Commentary #145 (that you can read here), that we only published yesterday, we indicated that SimbWealth has completely revised their investment plans.  They corrected problems that we pointed out in our original review of the program and made additional refinements.  Now they are offering this bonus.  It appears to me that the folks at Simbwealth are finally taking the steps necessary to take their program out of hibernation and get it moving.  They have a track record of longevity behind them in spite of a very slow start.  Let’s see what happens now…

Don’t forget!  We will be doing a second review of SimbWealth in the next few days that will give you the details on their new investments plans.  Stay tuned for that.

Bonus Promotion for Members!

Dear Investors,

It has been 147 days now! We have 258 active and in-active members since beginning.
We would like to hear from you! According to your experience with us, you can record your own video and sent to us or just simply you can say something via your dashboard. Please be honest with us!

Each video testimonial will be rewarded for $5 bonus to your account.

Feel free to contact us!

Sincerely,
SIMB Wealth Management Ltd.

 

More News on Bullcoin from Ethtrade.

Following is another very lengthy update from Ethtrade about the new direction of the company with Bullcoin.  I am not going to try to summarize all of this.  However, it looks like most, if not all, of what I said in my comments about their previous update were on the money.  This update is still handicapped by a poor English translation.  However, a few important points appear to be that a person should immediately be setting up their platform to utilize the Bullcoin they “inherit” from their previous investments with Ethtrade.  The deadline for doing this appears to be right about NOW although the update seems to indicate that this can be extended.  If a person misses the deadline, it looks like there will be a price penalty.  For the person who would simply like to be a passive investor, it looks like this is possible and that a monthly profit of around 12% is expected.  However, to be involved with all this in any form, it is still necessary to convert your Ethtrade assets to Bullcoin.  This update explains the procedure for doing this.

Convert Extended till the 8th

Dear Ethtrade memebers!

We are pleased to inform that we have formalized a partnership with cryptocurrency named Cryptobullcoin (BLC).
Storage of BLC allows you to earn up to 12% per month on coin balance in your wallet (it’s important to understand that for mining with POS system, your BLC should be stored in your wallet, not on the exchange or Androind app).

Now let’s talk further about the future of Ethtrade.
The Cryptocurrency market is getting more complicated the day after day.
Many major precedents have taking a place within the last few months. Almost all the funds you deposited within those period and which were sent for trading and work were almost all lost, up to 90% of loses. Today, thanks to Crypto Partner it become possible to reduce the loses to only 60%, which gives us a way for further business development by converting all available assets into bullcoin. It was decided to switch to another type of work, namely to the cryptocurrency of our partners, in which you will manage all the processes by yourself (someone can just store coins and be involved in mining, or someone can trade or both- you and only you will be able to make such decisions).

Software client already works in high-grade mode and available for downloading, installing at the following link : https://bullcoin.io/

Also need to underline, that the name « bullcoin » is not final and it can be easily changed for a more proper one any minute.

The transition process will occur during our summer holidays and the token’s initial price will be $10 until August 6, after this date it will probably increase. This will happen if everyone starts mining and sustain the system. Those, who decided to stay on the platform after August 6, will be able to buy token at $15 and further at an even higher price, since to obtain a license we must completely switch to a token, – this means the previous model of work will no longer exist.
By many partners request the deadline for conversion into bullcoin be extended for 3 days until the 8th of August . All the rest who will not manage to switch and convert their funds into BLC, will exchange the assets according to the exchange price.

Currently, the purchase of Crypto bullcoin is available to only Ethtrade users. In foreseeable future, all others will be able to buy, so don’t rush to sell BLC – the planned growth rate can be 100-200% within a year (provided organic development and mining).

The transition to a settlement system within Blockchain is beneficial to everyone.

With the help of the own cryptocurrency there are many new great features opened such as:
A. Trading with no limits.
B. Getting new coins with mining using the POS technology +12% of coins a month.
C. Opportunity to store funds offline.
D. Conducting transactions with no limits and restrictions.

BLC is not a security, an equity or a bond
BLC didn’t and doesn’t plan to conduct initial public offerings (IPO)
BLC doesn’t require additional capital, it is created to exchange among users and for speculative trades and exchanges.

Configuration:
To start BLC mining, you must meet a number of conditions:
– download the wallet app for Windows, Mac OS, Linux on the following link;
– install the Cryptobullcoin wallet app following the installation instructions;
– run this app and wait for the full synchronization of the BLC blockchain (after the synchronization is completed, a green checkmark should appear in the lower right corner);
– always make a backup of your wallet (File>Backup wallet).
Receiving of coins:
To do this, press “Receive coins” button in Cryptobullcoin app, then click “New address” – your BLC address will look like “BDs5znQjXLT2GE8HGhhDsZmqFJ2NP5umfz”.
This address should be inserted in the in your account on the website before August 9th.

Storage:
In addition to storing in wallets for Windows, Mac OS and Linux, it’s also possible to store BLC on an Android wallet In this case, there is no need to download blockchain to your phone, since it’s a Lite client. Be sure to save the backup phrase when creating awallet – this phrase is the main key to your Android wallet.

Attention! Storing BLC in your Android wallet or stock exchange eliminates the possibility of POS mining.

The BLC network generates 12% of new coins a month, they are obtained by miners with each new block. The confirmation time of each block is about 2 minutes. Each miner has a chance to get a new block and get a reward for it, his chances depend on the number of coins on his mining balance and the total volume of coins in the BLC network.

The state of the network can be observed online at http://explorer.bullcoin.io

Now you can trade and manage the whole process by own. Store your coins online using the client and earn on mining without additional risk factors and forced changes.

Now all you need to is to log in your Ethtrade account, previously download and install bullcoin client, insert your blc wallet address and press convert your assets into BLC.
From now it is only needed to wait a few days until your order is completed and start working on the next steps:
– Getting new coins up to 12% per month with mining using the POS technology.
– Trading with no limits
– Conducting transactions with no limits and restrictions.
– Opportunity to store funds offline.

Do not sell your coins now, but wait until the price goes up, and it will, while demand makes the price pump. Keep your blc coins stored on your client wallets and get your coins mined up to 12% per month. Sell in 6 – 12 months and make fortune together with great community and new crypto !

Here we have some frequently asked questions with answers prepared for you: (FAQS)

1.What happens if I do not manage to transfer my assets into blc?
Until the 8th of August everybody is able to transfer assets into blc , of course in case the time won’t be enough, in such case the deadline for transition will be postponed for a couple of days. The main point is: the faster transition is completed, the sooner sale and purchase of coins begins , even to those parties that are from restricted counties list,
Withdrawal process is a conversion into blc actually. After conversion – there is another way of work. The model of Mining will be used – for that it is needed to keep yours coins at the open connected to the network crypto client, and get with POS mining up to 12% of monthly grows, and then simply withdraw through exchanger at any time and any quantity. But it is better and recommended not to hurry up with selling the coins now, while the rate can grow even without mining, as only platform users are joining at this stage, they are all first , the pioneers. Where can I exchange my bullcoins into bitcoins and ethereum?
Once again, making things clear – in order to exchange and get your funds, you still can do in only after transition to bullcoin. There is only one good way out at the moment, and it goes through bullcoin, through it’s mining and development. You can exchange your bullcoins to any desirable coins at any exchanger that you can see at the site of bullcoin. The amount of exchangers operating with bullcoin will only grow in the nearest future.

Can I have possibility to withdraw in bitcoin and ethereum without converting funds into bullcoin?
Such variant will simply exclude the very possibility to return any funds at all.
Please double-check and reread the news about force major cases, and the full description of situation https://ethtrade.io/news#news157 here. Please also pay attention to User Agreement package of documents, which were accepted by everyone on the step of registration at the Ethtrade platform. Everybody is ready for any possible loses, Ph. 10 of User Agreement.
All risks are described there, everybody is aware of them, remember and agree with them.
How to start?
These are the things that needed to start with new business model:
You need to download the client (https://bullcoin.io/) receive bull coins, keep client open and connected.

Till what time I can convert my assets into bullcoin?
Extended till the 9th of August

How long does it take to get my funds converted into bullcoin?
Conversion is done manually, so it may take up to several days, please take some more patience.

What can I do if there is no sync happen in my bullcoin client?
Use the manual at the site or request support team.

Please follow the link : to the new Facebook fan page.
The old one will be changed, as long as the majority of countries are no longer using the platform.
All news will be at new group https://www.facebook.com/Crypto-BullCoin-109461313089972

What does the rate depend from?
The rate is being controlled by the users and traders themselves. In this situation former Ethtrade users, can join bullion among first ones. Only after Ethtrade partners join first bullcoin, all other parties can join and buy bullcoin. The faster and better development of the new crypto is, the more it will reflect on the rate of bullcoin. Our advice, do not hurry with selling your bullcoins now, wait until the price is stabilized. The coins are being bought by traders now, for the future reselling, thus gaining the profits. Use all trading skills by yourself you have got during this time.
Success to everyone!

 
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