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Topic: [CLOSED] MtGox Volatility Trading Bot [GMVT-BOT] (Read 11113 times)

sr. member
Activity: 389
Merit: 250
December 17, 2012, 01:00:38 PM
#68
Coins were sent to the above addresses. Transactions are being confirmed a sI write this, so everything looks fine. Check your wallets and if something's went wrong, let me know.
Confirmed mine on blockchain.info, while it's sad to see this closed down, it was great while it lasted. Thank you.
member
Activity: 67
Merit: 10
I can confirmed that payment was received.

Just sad you won't be continuing the asset, it really was nice while it lasted  Grin

Oh and thanks for doing such a good job  Cool
sr. member
Activity: 350
Merit: 257
Trust No One
Coins were sent to the above addresses. Transactions are being confirmed a sI write this, so everything looks fine. Check your wallets and if something's went wrong, let me know.
member
Activity: 67
Merit: 10
Yup, looks right to me as well  Grin
full member
Activity: 158
Merit: 100
Yay me too! ... kinda embarrassed that I have so few shares.
full member
Activity: 181
Merit: 104
Yay, I'm on the list! First thing that has gone right with this GLBSE fiasco.

Thanks for running a good service, I enjoyed owning GMVT-BOT shares. I hope you do well in your volatility trading in future.
sr. member
Activity: 350
Merit: 257
Trust No One
Dear investors,

I have received a list of shareholders from Nefario. Please verify the list below if your BTC address is included and if the number of shares is correct. Almost all shares were claimed (the list below contains some dummy rows so that the total is 2700). I give it a week or two and then will send 0.1 BTC per share to these addresses.

Code:
 :payment_address: 1KmAm1QMxcZsKALpcJ3FABTdq2NTwwfggb  :shares: 30
  :payment_address: 1PmQwDehUECFQVdVac78KJ7NrHQWZUJre2  :shares: 296
  :payment_address: 15kN4RRGAWapscJjSg1VEKbrWtNf192pwk  :shares: 202
  :payment_address: 14dWm7sFcC1wSQxk91KJC4kT5VCMEwRdaY  :shares: 5
  :payment_address: 1J2UQfUmYasZdXrupgKyYw3Ad3hgWoWqL7  :shares: 5
  :payment_address: 18rHvPLwG3F1rM4hoj8mhHxnNf1stfnyej  :shares: 10
  :payment_address: 1E1RS5ChRK5CeaMg8Q4GDnNdqDkdNsjcoT  :shares: 1
  :payment_address: 1Nec6ko5KTUc3eTFtWL3YpQf2bi8KUSA6b  :shares: 12
  :payment_address: 1M188GQMmwKcSD7irPkPz5imvZTDpZ4iH3  :shares: 2
  :payment_address: 1H7fabEFQJSM7A6SztUksmrPnWwAtN7zUL  :shares: 50
  :payment_address: 1E3CVFWDFqEB9yFnfWv4p9wQ9Mmfb9PAtR  :shares: 4
  :payment_address: 1ByohJYGMW19aA3sbfgFrTWkynhJ1pkTa8  :shares: 247
  :payment_address: 1AeuWyXeQvdG1eDqht1hAc3w4t2duPU83G  :shares: 1
  :payment_address: 1Prbdh3PFoK4hJS5rdx2S5SA4wQswgvJEb  :shares: 1
  :payment_address: 18SPjis72whnFuvQZs9jMFbfUFBFGBgC18  :shares: 7
  :payment_address: 19ntWSdcFqBRfxdgXm95Q3G9Mviu3Yvwjn  :shares: 2
  :payment_address: 1NWBTs8LK7kJUDKe31uncF7nWpaUH14AMg  :shares: 30
  :payment_address: 16jGsFodeh8TNnTPnhi5BTWsjMr4EVAa1q  :shares: 25
  :payment_address: 1Q8L3od159PqAePD2QRwPHUrBqCpN71aaT  :shares: 5
  :payment_address: 1PPGVewtgGCfah4AJKHAAuHLLb9ozuJkBi  :shares: 50
  :payment_address: 13kq3JsH7kw6u6icKmwePHkexHs5UrabF9  :shares: 59
  :payment_address: 13oCLpk3TTcSn1ThxvNc5JVRcKsxSfbygu  :shares: 100
  :payment_address: 1PN4ePKnoE7xfXCiQ2vYiCaBdgxmQV9kJH  :shares: 3
  :payment_address: 18PRqd55RRgkEsqGGP1aptTnbn1fu3QfiT  :shares: 200
  :payment_address: 12WzSKm4czqUP9ue2kdLDdoTpTPWH9Vo4s  :shares: 4
  :payment_address: 16rQFtDHECsZKGDaL3yX4FCCataBc9Nc8a  :shares: 100
  :payment_address: 16meDTHHm6AUj8N3ounW2q6eRqmrGwqroq  :shares: 39
  :payment_address: 1DRd1waDtV9BJZzQdaMuUZ5jN2Ba56Ehg1  :shares: 13
  :payment_address: 1NwjXLTNSJUAQ2fAaBqzcmxhcS1hA1NERw  :shares: 7
  :payment_address: 1DVmqiahSWYjx1cHfWwEYsQbRAJXSgqMzL  :shares: 68
  :payment_address: 1J4GqJwEUppKUpfbX8in1SYSpgK9Dqjbu8  :shares: 51
  :payment_address: 1NBVoz3CNn3WE3umwRYRSE3m5Wi4GHzYKP  :shares: 149
  :payment_address: 12JnkN22Nu47hnt7zi6BAitL6GmcN94gph  :shares: 2
  :payment_address: 1MpvETD3YsPAUVzLhNDzEyBz42g4ZWdemX  :shares: 150
  :payment_address: 17ACageWG2KkaUs63rjbxEzfn1DUM82FJr  :shares: 20
  :payment_address: 18q9J5iMkvU8kgmYm2oShdPPbaLZWHTAns  :shares: 170
  :payment_address: 1AMPFgxJo17nzR7sQZ87agvtzGr3FfWhoH  :shares: 24
  :payment_address: 16G9exTaqVfTMEPg1Y9Ymi8mXuwc2q7QiM  :shares: 1
  :payment_address: 17Y53baRiYt3U3YuA2cfiuEs3oVwM9x38S  :shares: 15
  :payment_address: 1JgDHiucwQsgZLhTXjkdEVXwvmUgXrvjaN  :shares: 20
  :payment_address: 1MpmHzQbenRrjA7FLyrwx7owtkiQ9PLtLA  :shares: 80
  :payment_address: 1HpRhV1yYC3kBkeNyPAupCx3GYCqXgNy4Q  :shares: 440
sr. member
Activity: 389
Merit: 250
I would personally also love to see this continue going, though I understand the other reasons for wanting to close down. For what it's worth I believe both cryptostocks and btct.co are both offering to take in GLBSE assets in for free. I'm less familiar with cryptostocks, but btct.co has a tool setup to help with import, will refund the 5 BTC setup fee, and person to person transfers are free.
full member
Activity: 206
Merit: 100
Just quick update for my investors. I ran some calculations, how the bots were performing since closing of GLBSE and what the liquidation of asset would mean for investors.
Since last dividend was paid at the end of September bots performed as follows:

StartEndProfitMan. FeeDividend%
28.9.201227.11.20127.2599810.7259980.0024202.42%

So if everything was as usual, the dividend at this time for past 2 months would be 0.002420 per share. As I'm considering to close down the operation (as per contract I'm allowed to do it), I calculated how much BTC would we have after liquidation of bot accounts and after conversion of fiat money that bots are working with. At this time at current prices that would bring us 262.776739191142 BTC (this includes unpaid dividends as calculated above). With 17.00892 BTC that was already paid as dividends before shut-down of GLBSE, I consider this project a success even after liquidation as I initially planned to run this for longer. I got 270 BTC from investors and total value produced for investors is at this time 279.785659191142 BTC.
After liquidation, each share is (at this time) entitled to 0.09732471821894 BTC. IPO price per share was 0.1 BTC. I expect that not all shares will be claimed so I will pay 0.1 BTC per share, which I think is a fair deal. Even after all shares are claimed I can pay 0.1 BTC per share as the difference is minimal.

I plan to continue to run bots with my own money afterwards (hopefully I will get as much BTC as possible from various assets I owned on GLBSE and invest them here). If there's a strong opposition to my plan of closing down the operation, I may consider to move this asset to some other exchange (BTCT.CO?) and continue to pay dividends from there. Paying dividends on my own is not something I would like to do as it is prone to errors Smiley

------------------

Unfortunately I didn't receive the shareholders information from Nefario yet, so nothing can be done at this time  Undecided

I hope you don't close this down! I prefer things like this vs investing in a mining operation. The project was a huge success. I started trading on www.cryptostocks.com and it's not bad.  It just don't have the amount of volume that GLBSE had.

I do feel that if more companies such as yours found their way over there, that it would become a better place!

Either way, I appreciate the updates!
sr. member
Activity: 350
Merit: 257
Trust No One
Just quick update for my investors. I ran some calculations, how the bots were performing since closing of GLBSE and what the liquidation of asset would mean for investors.
Since last dividend was paid at the end of September bots performed as follows:

StartEndProfitMan. FeeDividend%
28.9.201227.11.20127.2599810.7259980.0024202.42%

So if everything was as usual, the dividend at this time for past 2 months would be 0.002420 per share. As I'm considering to close down the operation (as per contract I'm allowed to do it), I calculated how much BTC would we have after liquidation of bot accounts and after conversion of fiat money that bots are working with. At this time at current prices that would bring us 262.776739191142 BTC (this includes unpaid dividends as calculated above). With 17.00892 BTC that was already paid as dividends before shut-down of GLBSE, I consider this project a success even after liquidation as I initially planned to run this for longer. I got 270 BTC from investors and total value produced for investors is at this time 279.785659191142 BTC.
After liquidation, each share is (at this time) entitled to 0.09732471821894 BTC. IPO price per share was 0.1 BTC. I expect that not all shares will be claimed so I will pay 0.1 BTC per share, which I think is a fair deal. Even after all shares are claimed I can pay 0.1 BTC per share as the difference is minimal.

I plan to continue to run bots with my own money afterwards (hopefully I will get as much BTC as possible from various assets I owned on GLBSE and invest them here). If there's a strong opposition to my plan of closing down the operation, I may consider to move this asset to some other exchange (BTCT.CO?) and continue to pay dividends from there. Paying dividends on my own is not something I would like to do as it is prone to errors Smiley

------------------

Unfortunately I didn't receive the shareholders information from Nefario yet, so nothing can be done at this time  Undecided
sr. member
Activity: 350
Merit: 257
Trust No One
Even through you don't have any investor information, I commend you for your efforts and actually BEING THERE for us. Even if you are powerless for now.  Tongue

What do you mean being there? I'm still here  Cool I have my own bitcoins invested in bonds/shares on GLBSE. So I hope Nefario will send assets information to issuers as soon as possible. Don't know why it's taking so long.
full member
Activity: 206
Merit: 100
Even through you don't have any investor information, I commend you for your efforts and actually BEING THERE for us. Even if you are powerless for now.  Tongue
sr. member
Activity: 389
Merit: 250
So how is the GLBSE closure going to affect GMVT-BOT?


I haven't decided yet. After Nefario provides a list of investors there are some options:

1. Close down the operation, i.e. move bitcoins from exchanges (including buying bitcoins for current fiat balances) and distribute bitcoins to investors. This is the easier option for me.
2. Move to other exchange. It depends if this can be easily done, if some other exchange owner allows to move asset there and if we will have to pay additional costs for this move. I'm not sure if some other exchange can be safe enough.
3. Administer the dividend payouts by myself. I'm not sure if this option is feasible if there are many small investors. The frequency of payouts would change to once per month or once per 2-3 months maybe. Maybe I would buy back shares from small investors to continue like this if they will agree.

What are opinions of my investors?

Edit: Bots are still working meanwhile and profits are being accumulated.
As much as I'd love to retain the revenue that my shares of this bot produce, I probably qualify as a small investor anyway and I would figure that closing up for now would be the easiest. Even if you're later listed at another exchange getting all the current owners their shares  back would probably be tedious at best, and possibly expensive. If you do reopen somewhere else you can always just reissue the shares and start over.

For larger accounts (probably an arbitrary distinction that you'd have to make) you might give them the option of continuing or shutting down as running things manually for five people with 100 shares each is a lot easier than 50 people with 2-20 shares each.
sr. member
Activity: 350
Merit: 257
Trust No One
So how is the GLBSE closure going to affect GMVT-BOT?


I haven't decided yet. After Nefario provides a list of investors there are some options:

1. Close down the operation, i.e. move bitcoins from exchanges (including buying bitcoins for current fiat balances) and distribute bitcoins to investors. This is the easier option for me.
2. Move to other exchange. It depends if this can be easily done, if some other exchange owner allows to move asset there and if we will have to pay additional costs for this move. I'm not sure if some other exchange can be safe enough.
3. Administer the dividend payouts by myself. I'm not sure if this option is feasible if there are many small investors. The frequency of payouts would change to once per month or once per 2-3 months maybe. Maybe I would buy back shares from small investors to continue like this if they will agree.

What are opinions of my investors?

Edit: Bots are still working meanwhile and profits are being accumulated.
member
Activity: 67
Merit: 10
So how is the GLBSE closure going to affect GMVT-BOT?
vip
Activity: 1316
Merit: 1043
👻
I'm interested. Get verified!
member
Activity: 106
Merit: 10
So how is this going?
hero member
Activity: 520
Merit: 500
This is a great tool for the market. Profiting from volatility leads to overall market stability. We have a need for more bots like this one, especially since attempts at arbitrage trading haven't been successful.
sr. member
Activity: 350
Merit: 257
Trust No One
Very interesting concept. Have you looked into arbitrage opportunities and creating a security for that? If you can move quickly, especially between exchanges, grabbing 1%+ seems possible on a somewhat regular basis since this is a fairly slow moving market (compared to, say, NYSE, where there's thousands of AIs looking for arbitrage opportunities all the time and milliseconds make or break them)?

Maybe some time in the future when I will have a lot of free time to develop, fine-tune and test such a bot. Goat had failed with his arbitrage bot, beacause of the amount of fiat money he had to move between exchanges and had many other problems because of that (money laundering accusations, terrorism). You may check TYGGR-BOT thread somewhere here on these forums.
newbie
Activity: 13
Merit: 0
Very interesting concept. Have you looked into arbitrage opportunities and creating a security for that? If you can move quickly, especially between exchanges, grabbing 1%+ seems possible on a somewhat regular basis since this is a fairly slow moving market (compared to, say, NYSE, where there's thousands of AIs looking for arbitrage opportunities all the time and milliseconds make or break them)?
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