Gladiacoin Bitcoin Journey
Article created on May 8, 2017
Is Gladiacoin a scam? Or is it a legit Bitcoin investment company? This website post is actually my journal and documentation on the path I am taking, going into Bitcoin and Gladiacoin investing.
First of all, what is Bitcoin?
It is a cryptocurrency. A currency used online and is pseudo-anonymous. Not regulated by any government. In the past, I have tried to work with Bitcoins, opening wallets, etc. No luck so far.
What is Gladiacoin?
Here's the story. My friend Michel Gerard (MG) who is a veteran in making money on the Internet, or using Internet effectively as a marketing tool for his businesses, is saying great things about Gladiacoin. Naturally, my curiosity arose, so I asked him. Turns out, Gladiacoin functions like any other HYIP. Deposit money, wait, collect interest. It also has MLM properties. You can refer people under you, and you collect more interest. However, without doing any of this, you can still generate interest. Just not that fast.
Is Gladiacoin a scam?
I'm not entirely sure. Surely a lot of people will just scream "scam"! But I can see that Gladiacoin has an active Facebook support group. Not an official one, but still, they mean business. I was even added there. Lots of people posting their investment returns. They get paid straight into their wallet, from what I read, and not collected in their Gladiacoin account, awaiting withdrawal. So let's say you invest 0.1BTC. You get 0.1BTC interest after 9 months. All is paid into YOUR Wallet. Nothing to do with Gladiacoin anymore. Sounds safe. You would have nothing to lose when you reach that point. Even MG is into this. So this all points to the direction that Gladiacoin is not a scam. However, I am unable to find Gladiacoin's company info. I am told that they need to stay anonymous to protect themselves from external attacks. This raises a flag though. What about the method they generate money? On their website, it says that they do arbitrage Bitcoin trading. There are lots of different exchanges with different bitcoin values.
I have read unrelated websites and blogs mentioning this strategy, which is very profitable indeed. In the end, my verdict was that Gladiacoin has a higher chance of being legit, than a scam. My decision was to try out Gladiacoin. Why?? Well, I thought:
- if I don't join and Gladiacoin is a scam, I save a few hundred dollars!
- If I join and Gladiacoin is a scam or doesn't work out well, I lose a few hundred dollars, take it as a setback in my life and a learning experience, and I move on. Life is full of setbacks, this will just be another one.
- If I join Gladiacoin and it is NOT a scam and it works out, I will be very delighted, having jumped aboard a magnificent opportunity!
- If I don't join Gladiacoin and it takes off WITHOUT me, I will regret it for the rest of my life... Good opportunites are hard to come by.
Hence, I decided that I would try out Gladiacoin. Work or fail,
let's see what the future holds. I try my best to approach it with as little emotions as possible clouding my judgment. I won't let negativity or even "positivity" affect me. I will take every step as carefully as possible!
2017/05/07 : First step for me is to get my wallet. I need to make sure I can connect it to my bank account, to withdraw money, deposit money, send and receive bitcoin... It happens that it is not so simple. Most online wallets require ID and address verification. Some allow me to deposit money via bank transfer. Some allow credit/debit cards. More difficult to find the Paypal deposit ones. MG told me Paypal and Bitcoin don't work so well. Higher fees. The first website I tried was called "Coins". I went through a selfie and ID verification. Everything was quite slow. I had to wait for the verification to be made. I didn't see any withdrawal options. Maybe I had to get verified first? I got impatient and tried another wallet site. The second site I tried was Luno. Luno was better. I just needed to verify to level 1, which just required email verification, personal details and phone. They only require the ID and address verification for higher levels where the withdrawal limit is higher. Not that I mind doing the verification. What I mind is the waiting...
2017/05/08 : I transferred about 0.1 BTC to Luno, but in my local currency. I completed the bank transfer, following their instructions. I was told that the funds would be added to my Luno account within 2 days. So I will await May 10 to see what happens and proceed with the next step, before I get some bitcoins for Gladiacoin.
The money arrived in Luno. It seemed that their processing is quite fast. I proceeded to create a Blockchain Wallet that would be used to receive funds from Gladiacoin. Then I joined Gladiacoin, under MG. I sent 0.1BTC to them from my Luno account, with some fees incurred. The money supposedly would take 1 hour to be processed. At this point, there was a risk. If they don't process the 0.1BTC, that's it. Game over. But I'll wait. Let's see what happens. MG is great by continuing to provide me with support.
Inside Gladiacoin, I typed in my Wallet Address from Luno to receive interest from Gladiacoin. I was advised to set up 2-step Authentication. But I think I'll try using the site without the 2-step thing first. Another thing is that once the money in GC doubles, I have one day to decide what to do next. According to my friend MG, GladiaCoin will actually send EVERYTHING directly to my wallet, so now that I started with 0.1BTC, at the end of the cycle (90 days), I would have 0.2BTC in MY WALLET! (provided GC works out and is not a scam in the end).
Now it's been a while. How would I know if the 0.1BTC got through to Gladiacoin? It doesn't say anywhere. But according to MG, if I don't see a page with a blue button telling me to "Pay by Bitcoin", the funds should have gone through. Everyday I will have to wait and if I want, I can check the statements (Financial Tab > Statements) to see interest earnings in green. In red means it's been sent to my bitcoin wallet. In the "Dashboard" section, Current BTC is 0BTC, and it says 0.00%, and Max BTC is 0.2BTC. The goal is to just WAIT until Current BTC becomes 0.2BTC. And it will be 100%!
[Started out 0BTC. Goal is 0.2BTC!]
2017/05/09 : Overnight, not even 24 hours yet. I got a 1.11% return. 0.0022 BTC. This translates to about USD$3.75 at this time.
2017/05/10 : Today is Wesak Day. OK, it seems that the earnings will arrive at around 1AM to 1:15AM Singapore time GMT+8. 2nd day, received the same amount. Now at 444,444 Satoshis, which should be around USD$7.64!
2017/05/13 : Saturday. I've become a Millionaire. I got more than 1,000,000 Satoshis! Well, 0.0111111 Bitcoins to be exact. Hehehe. 2 million more Satoshis and I would be eligible for a withdrawal. I guess I will have to wait 10 more days.
2017/05/14 : Bitcoin/USD reached USD$1800. When I bought 0.1BTC, the price was USD$1557/BTC. Which means, there was an increase of around 2,430,000 pips! Increased by 0.1561. I paid around USD$155.70 for 0.1BTC. So my 0.1BTC is worth USD$180. Profit $24.30!! For now. Because... there is no telling whether this price will hold.
2017/05/16 : I asked the Luno staff, whether the multiple addresses for my wallet that I create can be used simultaneously to receive payment. The answer I got was yes! Luno support is great. The company looks great! Still generating returns at Gladiacoin. Currently 0.01777776 BTC.
2017/05/17 : Have you noticed that I'm not all negative or all positive when approaching this whole venture? In the Unofficial Number 1 Gladiacoin Facebook Group itself, there are some people having troubles with transactions, etc. At first everything was rainbows and sunshines. Now I've seen negative posts. Gladiacoin not receiving payment, etc. My biggest worries and fears on Bitcoin transactions. Since it's all peer-to-peer, sort of, once you send Bitcoin, you cannot get it back. The receiver can deny receipt. Unless you trace the transaction and show confirmation, but you need to get technical. Or go to Blockchain or something. This particular guy did, but Gladiacoin's anonymity made it hard for anyone to get any support.
This maybe the time when the Positivity cult will come in and tell me that I'm fear-mongering or spewing toxic negativity. Hahaha. But that's OK. I don't apply a rose tint to everything before calling them. If it's bad, it looks bad to me, I'll say it like how I see it. So, this is a sign that pushes Gladiacoin toward the "scam" or "unsafe" area. Will Gladiacoin solve its problems and give this guy back his money? Or will Gladiacoin actually create more and more of this type of problem to "profit"? And in the end, "disappear"? Or maybe it was a false accusation? The guy actually typed/pasted in the wrong address? Let's see what happens.
Update: The guy who requested help was banned from the group and his post was removed. Unprofessional way of dealing with the situation, in my opinion. However, some say that Gladiacoin just needs to take a while to do the processing. Several days??? For some people who invest more than 0.5BTC, they may be having be a difficult time...
2017/05/20 : I got tired of posting everyday. But I do receive Trader Bonus (returns) everyday UNTIL yesterday. 2017/05/19 Trader Bonus is missing! Is GC going to fold? Or is this just a temporary problem or lag on their end?
Meanwhile, Bitcoin/USD is nearly reaching USD$2000!!!
Update on the temporary problem. Gladiacoin is making some changes. They are notifying their users about this on a news page. They are pausing their trading activities for 5 days (19th to 23rd May) to clear some backlog problem within their system. Everyone is not receiving their trading bonuses within these 5 days. They are also saying that the minimum payout is now 0.1BTC which is a lot less frequent. The entire Bitcoin network is experiencing slowdowns due to the popularity surge. A possible reason why new Gladiacoin users are not being accepted, because their payments are slow to be verified and received by Gladiacoin. Much like the earlier scenario. I am also reading that Japan has accepted Bitcoin as a legit currency.
2017/05/22 : Bitcoin breaks USD$2000 per Bitcoin! Google is reporting USD$2172.31.
2017/05/24 : It is glad to see that Gladiacoin has resumed trading! So, I am receiving Trader Bonus once again...
Bitcoin/USD is now at a staggering USD$2364.43 according to Google...
Share this with your friends: