Announcing New Bitcoin Mutual Fund: BLUECHIP on GLBSE

Adrian-x

legendary

Activity: 1372

Merit: 1000

Quote from: tmfp143 on August 12, 2012, 12:08:09 PM

The initial investments in this mutual fund are:

Havelock Investments* (https://www.havelockinvestments.com/)
Gigamining (https://glbse.com/asset/view/GIGAMINING)
Cognitive Mining (https://glbse.com/asset/view/COGNITIVE)
Synergy (https://glbse.com/asset/view/SYNERGY)
Pajka Bond** (https://glbse.com/asset/view/PAJKA.BOND)
Investments 6-10 are reserved for future GLBSE issues that meet our stringent criteria.

I am getting a great return on my mining investment, I was late to the game, and I am getting about 0.4% per day in returns, (I have had a whopping 146% return since I started) not to mention the 100% growth I have had in my savings bringing the total to 246% in less than a year.

While I value the idea of someone finding the best investment options available, I have concluded it is just not worth considering, even with the reword dropping to 25BTC my 146% per year return will become 73% return, at this rate there is no way I will settle for any of the dividends paid by the best investments available. Just the thought of the risk of losing liquidity in my savings scares me.

BTCMiners.net

sr. member

Activity: 252

Merit: 250

Sincerely,
BLUECHIP

...

It's an investment alright.. to, go to http://www.bluechipcasino.com/

Roll Eyes

"I promise, I'll give you back money Mr. Anonymous."

Here's a refresher from the nub section:
https://bitcointalksearch.org/topic/trust-no-one-33835

Please read it again, and then ask yourself; does this sound legit?

bitcoinbit

newbie

Activity: 11

Merit: 0

ok im in... but just a few coins Cheesy

flatiron

newbie

Activity: 21

Merit: 0

Da Fuq? There is no way you can raise 100000 bitcoins. If I am not mistaken, that's about 10% of the current amount of bitcoins in circulation. As for the investments, where did find these investments?

Francesco

sr. member

Activity: 252

Merit: 250

Quote from: ?? on ??

Let me give you a quick example: let's say investor A buys 1000 shares: 1000 shares * 0.1BTC/share = 100 BTC. I would invest approx 66 BTC, and leave the 34 BTC in the account. These 34 BTC would be available to pay the person back if he or she decided to sell some of their shares back to me at 0.05 BTC each. 34 BTC / 0.05 BTC/share = 680 shares available for sell back at 0.05 each. So in the case of a catastrophic failure where all of my investments fail, the most that any investor could lose would 66.667%. People would not trade between these walls because doing so would cause them to lose a great deal of money (approximately 67% for each buy/sell/buy cycle). This is ensured by the fact that my buy and sell prices are fixed.

No, sorry, but I like to understand -and I can't get your logic to make sense to me.
So you say, out of 100BTC invested I am only risking 66. That translates to: to risk 66 BTC with you -since to gain interest one has to risk in the first place- I have to give you nothing less than 100 BTC! Why on earth should I want to do that? If I want to only risk 66 BTC with you, fine, allow me to only give you that 66, use them fully, and let the other 34 stay with someone I trust even more than you, i.e. myself. Hope you get my point Cheesy

aznjack31

full member

Activity: 124

Merit: 100

its investing so it should have a risk regardless...

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

This has red flags all over it.

Investing in mining bonds is an immediate fail.

dree12

legendary

Activity: 1246

Merit: 1077

Are you seriously targeting a market cap of 100000 BTC? Try for something much lower, maybe 10000 BTC. That is way too high.

Francesco

sr. member

Activity: 252

Merit: 250

Really interesting how it was impossible to find 6 securities meeting this completely reasonable criteria...

I could be interested; some questions

1) "ensuring loyality": you can set walls, but how do you stop people from trading between them? Many assets do not have a lower wall, the effect of providing it is boosting confidence, but nevertheless it helps "infidelity", by stopping normal selling losses. Also

2) isn't 30% of funds to provide the ask wall too much? Wouldn't it be better to invest it all or nearly? Which brings us to

3) what return do you expect, on average?

tmfp143

newbie

Activity: 35

Merit: 0

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Topic: Announcing New Bitcoin Mutual Fund: BLUECHIP on GLBSE (Read 1916 times)