OTC

Why Don't We Respond To Some Deals?

​

We don't normally respond to deals when we suspect there are "red flags" in deal procedures or simply shows signs of fake or scam deals or who are pushy, urgent, rush, unresponsive,  impatient, arrogant and rude dealers.

​

Most dealers are not negotiable or unable to do changes in procedures for any other reasons. In fact, many buyers/sellers do not follow or comply with procedures. At the end, the deals are off due to non-agree procedures from both parties and eventually breakdown in negotiation.

​

Unfortunately, brokers, buyers and sellers are frustrated and just blame each other or label as 'joker brokers', scammers, time waster, fraud or something similar or even blacklist us or giving bad reviews in order to ruin someone's reputation etc. In fact, they are the real scammers, joker brokers as far as we can see.

​

We are not a scammer! No one should be blamed as brokers, buyers and sellers do not normally agree with each other on so many of the closing procedures, which is understandable.

​

So, what is a scammer?

According to Wikipedia, scammer is a "a person who commits fraud or participates in a dishonest scheme." 

​

We simply don't respond to deals that are suspicious of dishonest fake brokers, fake buyers/sellers; un-realistic procedures; can't trust; deals do not make sense; fake promises; fake documents; fake deals etc.

​

We don't engage deals with brokers, buyers or sellers who are pushy, can't wait, impatient, rude, arrogant and disrespectful to us during the course of negotiations, even thought they are super real deal, rich, have lots of money, lots of funds or lots of Bitcoins.

That's the main reasons why we don't respond to these people. In return, they just label us a scammer or just blacklist us. We love that!

​

But, over time, they just come back to us to make deals! Why not? we always welcome them if they have changed and become a better person.

​

​

Scammers

We are not a scammer. We never commit frauds or participate in a dishonest scheme!

​

According to Wikipedia, scammer is a "a person who commits fraud or participates in a dishonest scheme." 

"The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster requires in order to obtain the large sum." Wikipedia

​

We haven't done any of above definition.

The word scammer is badly used, abused or misused in OTC market......Nearly every brokers , buyers or sellers are being labelled scammers.

​

I know that people who called a broker scammer are actually HATERS who simply want to ruin someone's reputation, simply because they didn't get the deals or things didn't go their way.

​

“Always remember… Rumours are carried by haters, spread by fools, and accepted by idiots.“ - Ziad K. Abdelnour

​

" Protect your good image from the eyes of negative viewers, who may look at your good appearance with an ugly fiendish eye, and ruin your positive qualities with their chemical infested tongues." – Michael Bassey Johnson

As Ellen DeGeneres says, "Be kind to one another"​

​

​

Frauds

According to Wikipedia, " Fraud is an intentionally deceptive action designed to provide the perpetrator with an unlawful gain or to deny a right to a victim. Types of fraud include tax fraud, credit card fraud, wire fraud, securities fraud, and bankruptcy fraud. " 

​

• Fraud involves deceit with the intention to illegally or unethically gain at the expense of another.

• In finance, fraud can take on many forms including making false insurance claims, cooking the books, pump & dump schemes, and identity theft leading to unauthorized purchases. - Wilipedia

​

​​

Time Wasters

​

Again, the term "Time Waster" is commonly misused in OTC business. There are minimum time spent required in order to match buyers and sellers. We can be easily called "Time Waster" when brokers become frustrated with many questions to answer and yet getting no where or deals eventually don't match and fall apart. Then, they called you "Time Waster".

​

We are not Time Waster, we invest time and sacrifice time required in order to negotiate deals whether the deals are closing or not. If you don't invest time to get to know your brokers, buyers or sellers, how are you going to make deals happen?

​

NO TIME = NO DEAL

It's similar to a door to door salesman who walks around in hoping to make sales for his products. He is not wasting time, he is sacrificing and allocating time for his business.

​

It is worth to waste time for large volume of BTC deals. Imagine 100,000 BTC deal, you can get 0.5% commission ie 500 BTC or $25,000,000 income within 3-4 week job. Time well spent!

​

Almost all brokers are helpless and having difficulties in circumventing issues with buyer or seller mandates.

Recently, we had to get rid of a seller mandate who we don't trust, and replaced it with another new seller mandate who we trusted. And it works. The contract was signed and the deal was closed.

The time wasting issues are normally caused by multiple problems of TRUST not being well established between intermediaries, brokers and mandates. There are fundamental problems of greed, cheat, circumvention and trust etc from all parties involved in OTC deals. We assume that they spend a lot of time (waste time) just to protect their fair share of % commissions. These things happen to us btw.

​

​

Due Diligence

​

We do not vet / verify BTC buyers or sellers listed in OTCbid, as all verification of POF, POC, KYC, AML etc are carried out in the transaction procedures when lawyer to lawyer, bank to bank or escrow agencies meet together and formally verify buyers and sellers.

​

Buyers / sellers or mandates are responsible for their own due diligence or third-party due diligence verification checks in order to avoid scams, frauds and fake deals.

​

There are many real, genuine and serious BTC deals to be found among the potentially fake deals posted in this site. The site is like a 'Gold mining site' and you could become an instant multi-millionaires if you struck the discovery of the real BTC deals if you get lucky....just like discovering a REAL GOLD from hundreds of gold mines.

​

Remember, buyers and sellers need to do your own due diligence on these BTC deals.

​

We wish you well and good luck.

​

​

​

​