Topic: GBBG Bitcoin Fund (Read 13767 times)

I'm curious what peoples thoughts are on this whole GBBG stuff.  If they're a scam why are they on bitcoin foundation?  That means bitcoin foundation is fake too?  and coinbase?  If a fake company ponzi HYI-whatever company is on bitcoin foundation then how legit is bitcoin foundation?  I'm new to the bitcoin scene... just wondering.   Thoughts?

speaking about scams did you ever pay back the bettor who had 10 bitcoins stolen from him?

Because...that's what the Bitcoin Scamdation...is...does?

I'm curious what peoples thoughts are on this whole GBBG stuff.  If they're a scam why are they on bitcoin foundation?  That means bitcoin foundation is fake too?  and coinbase?  If a fake company ponzi HYI-whatever company is on bitcoin foundation then how legit is bitcoin foundation?  I'm new to the bitcoin scene... just wondering.   Thoughts?

No let him go on, he has bs so much that I think he actually believes he is making money LOL

No let him go on, he has bs so much that I think he actually believes he is making money LOL

Been awhile since I posted an update, so this is a bit overdue

Performance

Total Return BTC: 12.88 % since inception

Total Return $USD: 1,915.29 % since inception

Value per Share
0.28218800 BTC
$236.59 USD

Total Shares in Fund
466.87922725 total shares owned by all participants

until the end of June, 2013, GBBG will be granting 4 FREE FOUNDER MEMBERSHIP UPGRADES to any member who donates $100 or more (USD) in Bitcoins or equivalent value at one time.

110 bitcoins in fund if worth $160 each with them charging 2% for deposits nets the fund = $352
Assuming twice that has gone in and half withdrawn = $700 in deposit fee income

So where do they make money? Donations?
Not too mention having some fund hold your bitcoin investments

The managers of the GBBG Bitcoin Fund have uncovered two ventures that appear to have very strong upside potential. Both of these ventures will bring real-world product distribution and online services into the bitcoin world. They are both well planned and appear to have solid management. Our organization is negotiating some technical and capital involvement with both organizations. In return, we expect revenues and profits that will be distributable to our membership. Again, these are real-world product distribution opportunities that will help to ‘legitimize’ bitcoin and give bitcoin participants places to use their bitcoins in a standard transactionary manner.

You have not taken any notice of what the whole concept is have you...The GBBG Fund is one part of a bigger network. The referral link is to do with the bigger network, but all members can take part in the GBBG Fund. So you would just have to apply for membership then you could take part. It does not cost anything to do that. Obviously it costs to get shares in the fund though.

But what about the found? What happened to the found?

Shares: 240.07

Congrats, you are now on my ignore list for total stupidity at making up imaginary numbers.

Bullshit. Holdings to back up your NAV.

NAV does not stand for navigation when the subject is a fund found.

Then why do people have referral links

Really, you must be talking about some other program because NONE of the 0.25 goes to pay affiliates.

Just goes to show how your mind works. In a ponzi it probably would but that is all you can think of. This is a fund, there are no commissions to anyone, GBBG charge 2% on shares purchased, 0% on Shares sold.

 

Oh how convenient!

And is entirely made up, because most of the 0.25 BTC goes to pay affiliates anyway.

I was just in the member area and down the bottom corner I found this

GBBG Fund
NAV/Share

0.26124492 BTC
$18.55 USD

Remember each share costs 0.25 BTC
I spose just because I didn't know about NAV, doesn't mean GBBG didn't.

It is down in the footer which I don't normally look that far down so others may have missed it as well. Not sure how long it has been there.

No, just too retarded. Also, there's so many of you people.


Case in point. Get lost before you fall on something and hurt yourself.

I'm surprised there has not been any discussion on this. Is it too legit for people on here to look at?

Alright I looked it up and it is Net Asset Value.

Ahh, thanks for that I have seen OP posted a few times, it is an acronym I hadn't come across before. Now you throw another at me, what is NAV?

On April 1st, 2013, GBBG will open the trading floor to buy and sell GBBG Bitcoin Fund shares. Right now as a GBBG member you have the exclusive opportunity to snatch up shares at the introductory price of 0.25 bitcoins for each share.

Ahh, thanks for that I have seen OP posted a few times, it is an acronym I hadn't come across before. Now you throw another at me, what is NAV?

You. Original poster

Current holdings, NAV?

What or who is is OP?

OP's picture sealed the deal for me. I'm keeping my bitcoins in my possession.

Counter-party risk is suicide in bitcoin.

Hold your bitcoins people.

The only reason this guy posted is because of the high price in bitcoin.

then why dont you just make your site less HYIP/Clickbank -ish by saving your bit billion-words on your homepage and just write a simple contract within 2 A4 paper or throw an IPO on Bitcoin exchange sites to gather funds up?

RISKS & UNCERTAINTIES

Information contained within and appearing on our website is gathered from publicly available sources, including Bitcoin blogs and forums, and where possible, directly from Bitcoin related companies themselves, and gbbg insiders. Site users should therefore familiarize themselves with all risks and information regarding Bitcoin and the Bitcoin economy.

The information you find on pages related with the GBBG Bitcoin Fund may, and often does, include forward-looking statements that involve risks and uncertainties. The fund’s actual results could differ materially from those described in any forward-looking statements or announcements discussed herein.

Participation in the GBBG Bitcoin Fund carries a high degree of risk which may result in participants losing all or part of their invested bitcoins. Please keep in mind that the fund’s past performance, including the performance of its share price, does not guarantee future results.

THIS IS NOT AN OFFER OR SOLICITATION TO BUY/SELL SECURITIES

The material presented on our website is for informational purposes only and should not be construed as an offer, or solicitation of an offer, to buy or sell securities either generally or in any state or other jurisdiction where the offer or sale is not permitted.

Advertisements and listings on pages related with the GBBG Bitcoin Fund do not constitute solicitations or recommendations to buy, sell or hold securities and do not provide an analysis of the condition of the fund. We recommend you use the information found on our site as an initial starting point for conducting your own research on the advertised and/or listed opportunity in order to determine your own personal opinion of the fund before placing your bitcoins into the fund.

WE ARE NOT BROKERS and WE DO NOT HAVE FINANCE/MARKET-RELATED LICENSES

Neither bitbillions.com, nor its parent, GBBG, nor affiliate sites are licensed brokers, broker dealers, market makers, investment bankers, investment advisors, analysts or underwriters. We do not offer or sell securities or investment products at all.

Site users should consult with their own professional investment, tax and portfolio advisors before making any decision related to participation in Bitcoin, bitcoins, the Bitcoin economy, or the GBBG Bitcoin Fund, and should independently verify all information herein. Reading advertisements and/or listings on our website shall not create under any circumstances any principal-agent relationship between the reader and us. All information contained on pages related with bitbillions.com, GBBG, or the GBBG Bitcoin Fund are entirely related with Bitcoin, bitcoins, and the Bitcoin economy. Participants understand they are not making a financial investment or purchasing any products or services with a financial instrument. All activities and related functions are conducted in the manner of exchanging bitcoins between parties. Bitcoin, bitcoins, and the GBBG Bitcoin Fund are highly risky endeavors and are based on a complex, computer-generated, peer-to-peer, decentralized market. Bitcoin, bitcoins, and the GBBG Bitcoin Fund are not licensed, governed, guaranteed, insured, or protected by the laws or jurisdiction of any regulatory or governmental organization. Participants in the GBBG Bitcoin Fund acknowledge they are placing bitcoins into the fund at great risk of losing all or part of their bitcoins. Participants in the GBBG Bitcoin Fund further acknowledge bitcoins are NOT a financial instrument or currency issued by or regulated by the laws or jurisdiction of any monetary regulatory or governmental organization.

Really looks like an MLM/HYIP, bunch of text, listing earning tiers, and a pay now button. Expecting his username turns into pirateat50 soon.

BTW is this count as a topic duplication?
Isnt is says i thread per site only?

The value of fund shares may rise or fall, depending upon several factors which include, but are not limited to a) the bitcoin market; b) the success or failure of opportunities taken; b) the success or failure of bitcoin startups; c) the success or failure of bitcoin revenue sharing ventures; d) the success or failure of Bitcoin as a digital currency.

Really looks like an MLM/HYIP, bunch of text, listing earning tiers, and a pay now button. Expecting his username turns into pirateat50 soon.

BTW is this count as a topic duplication?
Isnt is says i thread per site only?

Really looks like an MLM/HYIP, bunch of text, listing earning tiers, and a pay now button. Expecting his username turns into pirateat50 soon.

BTW is this count as a topic duplication?

Quite the opposite I would say. It reeks so much of HYIP that no one's the bit inclined to take a look at this.

I'm surprised there has not been any discussion on this. Is it too legit for people on here to look at?