RE: How Palm Beach Confidential aka Teeka Tiwari scams its customers
If you're still a subscriber at this time, what do you think about his picks now? Some of them take "a long time" (aka several months) to go up in value astronomically, but I've witnessed that over a long enough time, he's been right on what to invest in pretty much 100%.
We joined in early November, and I agree it was VERY annoying how that first issue that we received came out..... All of his users were basically DDoS'ing his site at that time making it go down since he decided not to e-mail out the report (since some paying users were just leaking all of that info to the general public).
However, it seems to have gotten WAY better in the last couple of months, and we've already made enough money BY FAR to pay for the subscription. At first, I was thinking that all of his promotions were a bad used car salesman pitch, but now I'M a BELIEVER. These guys do their research, they have deep connections in the crypto community, and he's got excellent experience at calling when to buy and take profits. I just wished that we'd been subscribed even a year earlier when he called Ethereum, Neo, and several other picks long before they MOONED!
So, at first, I was very skeptical, but over the last couple of months he's turned me into a believer.
Some guys say well it's EASY to do your own research! It's all public information and it's all available! Watch Reddit and YouTube! Read the White Paper. While I agree that there is a lot of good public information available, there's over 1400 digital currencies out there right now, and I personally don't have time to read 1400 whitepapers to try to locate the "diamond in the rough".
Well, I could watch YouTube! Yes, there are a few good crypto-related channels out there with very good information, but there are a TON of people out there with their own agendas. They claim to be providing information, but really they're trying to pump the coins they're invested in, sign you up for MLM Ponzi Schemes (cough Trevon James, CryptoNick, BitConnect!).
My point is, for that to work, you have to be a VERY good filter for BS AND be technically-minded (which I consider myself to be both).... Technically minded in a diligent way rules out way more than half of the world, BS Filter rules out many more. I could do this, but I'd probably have to quit my day job and go all-crypto, and I'm not ready to do that.
What Teeka brings to the table is some VERY smart people with VERY good connections which saves me lots of time and makes me LOTS of money! We're already up more than 100% in the last 2 months by following his advice, even through this correction, and we're hungry for more! It IS expensive, yes, and I was VERY skeptical at first, but definitely don't believe all of the people that say it's a scam. Teeka is for REAL. That guy and his team are smart.
Long story short, are you still a subscriber, and what do you think now?
I really wanted to join last Nov 2017 but because i dont have enough money to pay for the subscription, i just bought the crypto he mentioned during his briefing which is Ripple and yes he is right! the price of ripple goes up since i bought for 20 cents. how i wish i bought more that time.
when im researching about Teeka Tiwari, some people say he is a scam but i dont think he is. I subscribed on his palm beach letter last December 2017 and there are crypto included in there so bought few of those and he is right, the price increases of those he recommends. Although when i subscribed, they didnt email me my password only the username and i keep on emailing them and calling them but still nothing happening and after nearly two weeks, they emailed me my password. that's the only thing im annoyed with before because i want to access my subscription immediately yet i cant . so hopefully there customer service will improve.
I hope it will get better too! I believe that they cut off new subscriptions precisely because they have to scale up and hire enough people and customer service to handle all of the new volume and interest in crypto. I didn't run into those issues in particular (except for the OP's mention of the monthly issue in November debaucle), but haven't yet had to call Customer Service for anything except to get their website to accept the bitcoin address to receive the promised $1-200 of BTC from signing up. When I called them about this, that was in December, and I was on the phone with them for about 30 minutes and they got it resolved for me pretty quickly.
Other than that, the "Updates" that he's have been coming out with are almost a better deal than the "Issues" because they come unexpectedly and they may not look like a good coin upon initial inspection without doing any research and usually the price goes back down to lower than the original price at the time of the announcement after the fever is over.... But then when you least expect a few weeks later (or much much later in the case of Neo and some others) it will usually multiply your basis and make you big profits when you least expect!
For example, Ripple turned from the least profitable coin (it was the only coin in the portfolio that was in the red) to the most profitable coin (We saw it 12x I think before we sold some)... I didn't expect much out of it because the word on the street was that no one liked ripple because it was "the coin that helps the banks". While I don't like the banks either, we put a position in it because it was in the portfolio and it was currently under the buy up to..... I'm glad I Did! Since selling some, Ripple has undertaken a MAJOR correction, but since I bought at such a small price, we had limited risk.... limited skin in the game, so the remaining holdings are still up even in this down market!
I won't name the other one that he called recently, but it started at one price, then after an update, it went up 250% because everyone was putting positions into it. Then it proceeded to go back down 70% of that inflated value to a low that was 25% lower that when he originally called it.
I thought "well that's not very good". Well, since then I kind of forgot about that position, and unexpectedly even in this down market, it's now 5x'ed from where I originally bought it! That doesn't happen with all of his picks within weeks, however, it seems to happen to almost 100% of them within months or a year.
We'll see how it goes! I hope his customer service team gets more fleshed out over time, but I think every company in crypto is having the same issue! Try contacting the customer service for CoinBase, Gemini, Bitfinex, Kraken, Binance, or anyone out there that has a blockchain-related company. Most of them are suspending new users and hiring like mad simply because they cannot keep up with demand.
Have a great day!
LOL, that's such bullshit. Basically every coin in that period went up. So you would have to measure the outperformance against an indice to know if it was good advice or not.
And i have seen him fail so miserably. In the bear market he wrongfully called for the bottom way way to early. People have probably lost a fortune because of that.