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BlueTrading - 19% per month return

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  • droopsnoot
    droopsnoot Posts: 1,892 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    For someone considering "investing" in this scheme, though, a thread title naming the company and it's promise directly will be much easier for them to find. The (arguably more accurate) title suggested by eskbanker won't attract them, as who would be looking up information about something that's obviously a scheme for the gullible?

    Obviously (on past performance) they'll only find it after committing loads of money to it and finding it impossible to get back, but at least they'll find it eventually.
  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 3 January 2019 at 1:25PM
    That's a rather sweeping statement. In general I find reviews still accurate and helpful but maybe not so at the sharp end of pseudo-investments.
    Trustpilot reviews are a scam in themselves. As long as the company pays up they will get a 4 star+ rating.

    https://www.bbc.co.uk/news/technology-43907695
    Independent investigations have revealed that review websites such as Trustpilot have fake reviews on an almost industrial scale. There is controversy about the legitimacy of some of Trustpilot's and other consumer review websites' reviews and the way that it deals with complaints about them, although Trustpilot insists that it strives to only include genuine reviews. The firm allows businesses to selectively display reviews about them, which may violate certain laws or regulations. Trustpilot featured fake reviews for Bizzyloans, one of which depicted a picture of a woman who had died. The fake reviewers often steal the identities of real people to falsely build up reviewed companies' reputations. Most of Trustpilot's Bizzyloans reviews were fake.
    Trustpilot's Facebook plugin for "Pro" and "Enterprise" customers allows a business to show selected Trustpilot reviews embedded within the business's Facebook page. The plugin supports filtering reviews to show only those with a minimum star rating, yet no indication is given to Facebook users that the reviews they are reading are filtered. This allows the business to censor their negative reviews.
    poppy10
  • Nasqueron
    Nasqueron Posts: 11,041 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    masonic wrote: »
    I'll grant you it is sweeping, but I don't believe it is inaccurate. Trustpilot, for example, has been mired in controversy over its fake reviews. It's well known positive reviews can be bought and shrewd companies can get genuine non-rulebreaking negative reviews challenged and removed (I've personally experienced this). Even when businesses don't game the system, ratings are often flawed as they are left prematurely before problems have had an opportunity to surface.

    Even Amazon, who can at least verify purchases, also has problems - I've been approached on a number of occasions by marketplace sellers offering me bribes to leave a positive review, and there have been reports of positive reviews being left in exchange for disappointed customers getting refunds for products they were unsatisfied with.

    There's still value in high quality detailed reviews that share information with prospective customers as to how the product or service works in practice. However, I wouldn't let a string of 5 star reviews with a one liner comment, or an average rating, sway me.


    Far too many reviews of things are done the moment a product is received and never updated if the thing fails after.


    I bought "genuine" toner from a seller, I believe on Amazon and it turned up and was refill, I asked for my money back and posted a negative review and the seller contacted me asking me to remove the review in return for what was my legal right for a refund anyway.

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • droopsnoot
    droopsnoot Posts: 1,892 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Nasqueron wrote: »
    Far too many reviews of things are done the moment a product is received and never updated if the thing fails after.

    A lot of places don't give you the option to update a review. I've bought things on eBay, given positive feedback, and then wished I could go back and add an update.
  • 1882
    1882 Posts: 497 Forumite
    Part of the Furniture 100 Posts
    I like the fact that they're based in Japan but that's one of the countries they're not able to accept customers from! Because they could easily turn up at their door I wonder?
  • Nasqueron
    Nasqueron Posts: 11,041 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    droopsnoot wrote: »
    A lot of places don't give you the option to update a review. I've bought things on eBay, given positive feedback, and then wished I could go back and add an update.


    A few places I use (Amazon for example) do and I have seen others (such as Wiggle) where you can at least put a comment on your original review to show this. I tend to wait a few weeks to review stuff I know will use a bit to see how they work.

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

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