Bitcoin Cryptocurrencies Investments

I got my blockcard Ternio. Just activated it and ignoring my balance deposit of $150 initially now currently show I only have $100 balance and $90 spendable balance, so I loss $50, not including the $10 minimum balance. Also there will be $5 fee if I don’t transact at least $750 a month on this blockcard.

Now I’m testing the deposit of $750 to see if I can get 145,000 Ternio coin tokens to qualify for the 6% interest rewards. Currently I have 18,272 Ternio TERN coin balance and the Total balance in USD is $109, so I’m guessing $109 divided by 18,272 TERN = 0.006 $ per TERN coin, and I would need 126,728 TERN token to get 145,000 TERN (145,000-18272) that calculate to about $760 ($0.006 x 126,728) needed. So I know the fluctuation price of Bitcoin, first Bitcoin price right now is $9500, by depositing 0.08BTC will get me $760 and so I did deposit 0.08BTC and immediately blockchard Ternio got the transaction but saying it could take seconds to 24 hours.

I refreshed the blockchain and my blockcard dashboard very frequent to see when it will hit my DashBoard balance. Indeed 30 minutes later it hit my Dashboard and the total balance is $660 with 116,929 Ternio TERN coin, not even close to 145,000 coins. So I’m missing about 9,799 TERN coin expecting that is. So what happened? Well I already got confirmation from TERN Ternio Blockcard support confirmed to me that the price is within their internal system that’s about it, they did not go further on explaining how the price fluctuated within their internal platform system, so at the moment it’s anyone’s guess, conspiracy theory whatever, they could be manually manipulating it, apparently it’s not transparent.

So I think I’m off about $58 worth of TERN coin (9799 coins) which is about 7.3% off, but that’s not the end of it once again the price fluctuate. When I got the notification that blockcard Ternio had received the 0.08BTC I immediately checked the price of Bitcoin and it is $9450 ($50 lower than initial deposit price) which equivalent to $756 so I should see $756 more into TERN balance USD $? nope that’s not the case at all, so maybe ther TERN price went down or there were some internal fees that I don’t see. So the Blockcard balance now say I have $660 with $650 spendable. Let break it down on the timeline.

Deposit 0.08BTC @ $9500 = $760

Got into Ternio BlockCard 30 minutes later 0.08BTC @ $9450 should = increase of $756. Actual balance increased = $551. Loss of $205?????? where does it go? The total balance is $660 including previous deposit.

1 Hour later checked again on BlockCard Ternio Dashboard total balance now $580 loss another $80 within 1 hour.

2 Hours later checked again on Blockcard Ternio dashboard balance now $500 loss another $80 within another hour, seems like it’s going down every hours. Current Bitcoin price $9500, with TERN coin token price still at $0.008 on external exchange. So there’s a big question mark on internal Ternio token coin price.

2.5hours later dashboard of Ternio blockcard say I have total $423, ouch! from $660 within 2 hours loss of more than $200 to spend. I really need to test external exchange to see if I really can exchange it at higher price.

Edit @ 10pm Eastern time, checked Dashboard again seeing $818 total balance with $808 spendable now that’s more like it, but guess what? I’m not expecting to see this in the next few minutes, would not be a surprise if it go back down to $400 with an hour or so.

So what’s going on? I do not know. But I will be asking support to shed some light here, I’m guessing Ternio internal platform price is not transparent to the users so the price may dropped or something within their private internal exchange platform not transparent to the users.

However still, I’m interested in if I can withdraw the TERN and maybe sell it on external exchange and get the price I was calculating. Internal price might be 10% less, external seems to be higher like 10%. So if the price on external exchange is 0.0079 TERN then my balance would be about $923 ($0.0079 x 116,929) which is pretty close, and the internal Ternio private (not transparent) exchange rate is 0.0049 then my total balance is $584. So we’re off about 0.003 which is about 37%

So I think the internal Ternio TERN Blockcard private exchange is 37% off comparing to actual external exchange. Right now I’m looking at https://www.coingecko.com/en/coins/ternio $0.008 per TERN coin token. That would turn my 116,272 TERN into $930, However if I leave it sitting inside TERN platform then I would only have $586 ($930 minus 37% = $586) So the internal exchange platform is indeed off by 37% or so.

I will test trying to withdraw TERN from blockcard Ternio platform into an external exchange and try to trade it to Bitcoin see if it indeed work, if so, Ternio Blockcard is ok I guess on certain perspective but I’m still seeing a 37% loss immediately when your deposit hit the platform, so you can’t really expect deposit $100 bitcoin and spend $90 right away or even 30 minutes later because your $100 deposit will really be $63 with only $53 spendable. Within hours or maybe days it could go up or down we don’t really know since it’s internal private price fluctuate not transparent to us.

Alright so I have been trying to get my Blockcard credit debit card (visa/master) and trying to understand how it work.

I must say, it does not look like very promising because due to all the negative reviews I have read, although some positive reviews but seems to be for marketing purpose or affiliate or the staff or promoter themselves. I do not really know until I get the card and use it, so will see.

Let first review how it got me to the BlockCard website to getblockcard.com I was useing Brave browser then some ads popup and I clicked and it brought me to getblockcard.com and I saw WOW!!! free $10, and I fall for it and did some more digging and at first without any much research just based on google search and looks good so I signed up with just email that’s about it, and I say WOW!!! cool no personal information needed so I just deposit my $100 and get the BlockCard? ERRRRRRRR wrong!

After some research knowing a few things about blockcard.com they’re legit can be trusted, I went ahead and deposit $100 worth of Bitcoin and it was fast in to GetBlockcard.com pretty fast, then I realized it got converted to Ternio token coin immediately and I noticed I do not have $100 balance, it said I only have $97, what the hec? I deposit $100 and within seconds it’s $97 and I do not qualified to get the $10 bonus, so therefore I deposit another $50 worth of Bitcoin to get at least $100 balance to get the $10 bonus to get the BlockCard mailed free.

So I deposit another $50 worth of Bitcoin and it now said I have $147, pretty close to $150 so I’m happy, but for long. Within minutes later, the balance became $147 then $127 and stayed there, I’m all what the hec? OK I just ignore it because maybe it just bad luck that when I deposit the Ternio token coin was up then it crashed or something … anyhow I checked to see if I received the $10 bonus yet? and nope not yet, but at least it said I will receive $10 tomorrow.

So tomorrow came, and I checked and indeed I got $10 bonus, but then I checked the balance now said I have $117 total, what the hec is going on here, I should have $160 but ok maybe just bad luck again the token ternio coin price fluctuated… ok so off to request the BlockCard visa debit card hopefully no social security # ID stuff ERRR wrong again!!!!!

I clicked on requesting the credit debit card Visa and it pop up asking me for all my personal information including Social Security # (SSN#), hmmm, so much for light KYC. So before I send I submit these personal information I thought I might want to dig up further about BlockCard and the issuing bank. So as far as I know, Blockcard does not have a physical office address nor does a virtual office, and the issuing bank is “Which bank issues the BlockCard? Metropolitan Commercial Bank™, located in New York, issues the BlockCard™ Prepaid Visa Card. However, cardholder card accounts are managed by BlockCard™ and individual cardholders do not have a personal bank account with Metropolitan Commercial Bank.”

Alright so I guess it’s legit and the getblockcard.com is SSL so there go my social security # and personal information submitted, hope to get my Blockcard mailed, nope errrrrr wrong again. It said to check my email for further documents needed.

So I checked my email and indeed I received an email from support saying manual verification needed. So the email included a link that say “Start ID” and so I clicked on “Start ID” and it took me some strange domain “https://web.idologylive.com/idscan/” well looks legit and it is ssl encrypted and linked to “https://www.idology.com/” which is a ID verification website so OK let me take photos of my ID back and front and submit, ERRR Wrong again!!! it didn’t go through the first time, second time, third time and they don’t allow me to use the “Start ID” anymore error I got was “Upload was unsuccessful.”

So I contacted support, 1 day later they responded and gave me a new “Start ID” well that didn’t work either same message I even use iphone 11 camera and scanned photo on my scanner still no go, not sure what’s going on, maybe my identity has been compromised, who knows. So 3 days later they have decided for me to send them my personal ID via email attachment, what the hec I did that anyways I guess they can be trusted, it was Wesley and Kata that I interact with, very nice and responsive folks, good staff so far, but I don’t know about the process though.

4 days later I got email support said my KYC is approved and wait for 7-14 days to receive my debit card visa. I checked in getblockcard.com dashboard and indeed I saw a virtual card debit visa card expires 2022 in 2 years. But guess what? I look at my balance now said I have $97, what the hec, I deposit $150 a week ago, now I only $97 wow! oh well.

I was curious on the price of Ternio because of the fluctuation, so I email support. Why the price on exchanges like bitmax stellarport stellarterm appears to be not syncing with the price on my dashboard balance account, and they confirmed to me that price in my dashboard account balance reflect to their internal platform not outside like stellarport bitmax … alright that clear it up.

So all I can do now is wait for the card to arrive and see if I can use it. My intention is to test deposit $50 worth of Bitcoin then when it show up I will immediately make a purchase of $50 see if it work and what kind of fluctuation will it have.

So far a lot of negatives about this blockcard, although some positive also, but more negative than positive, hopefully for me will better.