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In the month preceding the Terra/Luna cryptocurrency crisis, Full Velocity’s bot caused affiliate losses in excess of 90 percent.
Although Full Velocity bot accounts were marketed as being able to “thrive in tumultuous markets,” they were immediately liquidated when a really volatile market appeared.
Founder James Ward has returned with a new bot.
The latest bot from Full Velocity wasn’t released until the end of the month, while its original release date was mid-May.
Ward appeared on a webinar on June 3 to pitch the new bot for Full Velocity to existing affiliates and potential investors.
The initial bot from Full Velocity employed what Ward refers to as a “hedging technique,” whereas the current bot, according to Ward, is a “non-hedging stop-loss bot.”
In terms of performance, it is a strong performer. It completely defies reality in every way. This is an incredible price when compared to the stock market, banks, or anything similar. Full Velocity has reduced its price by 25% from the previous 30%. Ward asserts that Full Velocity’s latest bot “averaged 2.9 percent per week” without specifying the duration of its testing.
During the Terra/Luna collision, the bot allegedly generated 0.41 percent on the first day.
I suppose this bot generated 0.41 percent on the day we were liquidated. Naturally,
what is preventing this bot from being eliminated is one of the most important concerns.
Ward’s response is a reduction in balance use and stop/loss.
Balance utilization is the proportion of the available trade balance that is being utilized by the bot at any particular time.
This skyrocketed to liquidation with the first Full Velocity bot as market volatility got too great. Remembering that this is merely a test, Ward asserts that this time is the case.
Even in the worst-case situation, we have taken extensive measures to ensure that you are protected. During the whole testing period, this particular bot achieved a maximum usage rate of 7.3%. A stop The introduction of /loss aims to limit investor losses in the case of another market crisis.
If something causes this market to spiral out of hand, we want a nuclear button switch that says, “No, we stop.” We will suffer no further losses at that point.
The stop/loss feature of Full Velocity is implemented in two steps.
If total positions fall by 12 percent, all trading activity is suspended.
If it falls below 15%, all trading quits (presumably pending human interaction).
Obviously, all of this depends on the crypto market’s playing ball. Losses could still exceed 15% if transactions drop by more than 15% in a single hit.
Nonetheless, Ward seemed certain that no matter what happened, affiliates would always be able to withdraw at least 90% of their trading balance.
In the worst-case scenario tried so far with this bot, I would have been able to withdraw 90% of my money. Nevertheless, based on the history of value and movement of this bot and what it’s been able to do, I believe that you’ll likely be able to recoup at least 95 percent, if not as much as 96 or 97 percent. During the Q & A portion of Ward’s webinar, this raised the issue of profitability with limits.
How is it possible to generate substantial profits when the average utilization rate is only 2.9%?
Which Ward responded: “That’s a great question, sir, and I don’t have a definitive answer, other than the fact that the number of trades occurring within this bot, compared to the other bot, will be approximately a hundred times higher. The rate at which this bot trades will be entirely different.”
I would have believed that more trades would have made it more difficult to juggle everything, but without Ward providing any details regarding Full Velocity’s new bot, it is impossible to confirm this. Which leads me to Ward’s closing argument:
“If you only knew… You had access to your profits whenever you wanted. You could withdraw your commissions whenever you wanted, and you could withdraw your capital whenever you wanted, with the knowledge that, historically, in the worst-case scenario, you might get 90 percent back. In my opinion, this is one of the most attractive aspects of what we do.”
Knowing that Full Velocity has satisfied regulatory standards and is operating within the law would provide me with peace of mind.
The first version of Full Velocity had a significant problem with securities fraud, and you’ve seen how that played out.
James Ward and Full Velocity are based in Alabama, the United States.
The “2.9 percent per week” passive investment opportunity presented by Full Velocity is a security product. This necessitates registration with the SEC and complete disclosure regarding the bot.
James Ward and Full Velocity are not registered with the SEC. In addition, no verified information regarding the new bot has been released.
Who created it? Providing consumers with an audited trade history How long has the bot been in operation and under what circumstances?
It is not sufficient to state “2.9 percent every week on average” on YouTube. It is also illegal.
As a potential investor, this would provide me with peace of mind.
Even if we disregard legalities (which you should never do), it’s not convincing to insist that your new bot is “phenomenal” less than a month after your original mystery bot crashed.
