Affiliates of Full Velocity’s bot suffered losses of up to 90% during the Terra/Luna cryptocurrency meltdown last month.
Full Velocity bot accounts were swiftly liquidated despite their claims of being able to “thrive in turbulent markets.”
James Ward, the company’s founder, has returned with a new bot.
Full Velocity’s latest robot was supposed to be released in mid-May, but it wasn’t until the end of the month.
For his part in promoting Full Velocity’s new bot to both existing affiliates and potential investors, Ward took part in a webinar on June 3rd.
Original Full Velocity utilized a “hedge approach” that Ward alludes to. Ward claims the new bot is a “non-hedge stop-loss bot” to separate it from the previous one.
It’s a solid performer if you look at the numbers.
It annihilates all semblance of reality. Looking at the stock market, the financial sector, and banks, this is a fantastic deal.
When it comes to fees, Full Velocity has slashed its prior 30% cost down to 25%.
Ward claims that Full Velocity’s new bot “averaged 2.9 percent each week,” although he doesn’t specify how long it was tested for.
On the first day of the Terra/Luna crash, the bot supposedly generated 0.41 percent.
When we were liquidated, this bot did, at most, 0.41 percent.
Of course, “what’s keeping this bot from being liquidated?” is one of the most serious concerns.
Ward’s response to this is less stop/loss and less balance use.
During a specific period, how much of the bot’s available trade balance does the bot is consuming?
The first Full Velocity bot was liquidated when the market volatility became too high for the bot to handle.
Ward maintains this time around that this is only a test;
In the worst-case situation, we’ve put in a lot of work to ensure that you’re protected.
During the testing period, this bot’s greatest usage rate was 7.3 percent.
It has also been established to limit investor losses in the case of a market collapse.
We want a nuclear button switch that tells the market, “No, we can’t go any farther.” Our losses will be limited to that amount.
Using two stages, Full Velocity’s stop/loss is implemented.
A 12-percent decline in overall positions triggers a halt in all trading activity.
All trade will be halted if it falls below 15%. (presumably pending human interaction).
All of this, of course, is contingent on the crypto market cooperating. There is the possibility that losses might be as high as 15 percent in a single hit.
Despite this, Ward is convinced that affiliates will always be able to withdraw at least 90% of their trade balances, no matter what.
90 percent of my money would have been returned to me in the worst-case situation that has been tested so far, thanks to this bot (out).
On the other hand, based on this bot’s historical worth, historical movement, and what it has accomplished thus far, I predict that it will be able to recoup about 95%, and perhaps even as much as 96% to 97%.
Ward’s webinar’s Q&A segment raised the issue of profitability in the face of limits.
When the average usage rate is just 2.9 percent, how is it feasible to produce big profits?
In response, Ward said:
My best guess is that the volume of transactions in this bot will be 100 times more than in the other bot. That’s an excellent question, guy, and I don’t have an answer in full.
There will be a significant difference in the rate at which this bot transacts.
Without Ward revealing more about Full Velocity’s new bot, I’m unable to verify that additional transactions make it more difficult to manage everything.
Then comes Ward’s last pitch;
A little peace of mind, knowing that you can access your earnings at any moment, that you may collect commissions at any time, and that you can get your principal back if things go badly is a good start toward achieving that peace of mind.
That, in my opinion, is one of the most appealing aspects of our work.
For me, knowing that Full Velocity has complied with all legal standards and is working inside the law is the best way to rest easy.
Full Velocity’s original edition had serious issues with securities fraud, which you’ve seen play out.
For James Ward and Full Velocity, the United States is home.
“2.9 percent a week” investment opportunity from Full Velocity constitutes securities. Registration with the Securities and Exchange Commission (SEC) is required, as is full disclosure of the bot’s existence.
The Securities and Exchange Commission does not recognize Full Velocity or James Ward. As far as we know, there is no information on the new bot that can be verified.
Who created this? The trading history is reviewed for the benefit of the customer. Are there any known issues with the bot’s performance?
“2.9 percent each week on average” isn’t good enough for YouTube. It’s also illegal.
That’s what I’d need as a possible investor to feel secure.
Even if we disregard legality (which you surely should not), claiming that your new bot is “phenomenal” less than a month after your original mystery bot had a breakdown isn’t a persuasive argument.