[Havelock] Bitcoin Difficulty Derivative (BDD) - page 30.

Icon

hero member

Activity: 821

Merit: 503

Quote from: ZD_WHIZ on May 18, 2015, 10:22:38 PM

If only I had done that years ago!!!!

lol easy come.. easy go. Read my sig, i bought usb miners 69 of them for like 1.3 btc each and blew 44, btc on BFL Sad

lol got a refund back of 9 btc year later and blew 3.5 btc on a jalapeno, sold 23 of back when btc was $140 each (month before they hit 1k each) after all said and done i managed from 114 btc to own atm 8 btc.

Icon

ZD_WHIZ

newbie

Activity: 14

Merit: 0

If only I had done that years ago!!!!

Icon

hero member

Activity: 821

Merit: 503

+1

Best bitcoin investment i have done to date, well that and buying my ati 5670 and solo mining two 50 btc blocks within under a week

Icon

ZD_WHIZ

newbie

Activity: 14

Merit: 0

Hey twenty,

I just want to say that your fund on havelock has been awesome. Do you have (or thought of) a date of when you would start another BDD? I think this has been a real success all around. I have been lucky ,so to speak, with Bitcoin "investments" only because I diversified my investments and succeeded more than I failed.
I've tried a lot of funds and cloud mining options over the last few years including, but not limited to: CEX.io cloud mining (until it became non-profitable), PBmining (FAILED!!!!), AMHASH (FAILED!!!), bitcoincloudservices.com (OK so far but only the future will tell), 1GHS of my own physical script miners and 2 THS of my own physical Bitcoin miners.

I currently hold about 6THS equivalent of BMINE (1200 units), and have been nothing short of completely satisfied.

I would really like to reinvest in another BDD type security whenever you decide to head one up. You are a true trustworthy and reputable entity in the BITCOIN world and I hope you will let us take part in your future endeavors.

twentyseventy

legendary

Activity: 1386

Merit: 1000

Quote from: bmarch on May 18, 2015, 12:23:17 PM

Quote from: twentyseventy on May 18, 2015, 08:18:48 AM

Quote from: Icon on May 17, 2015, 04:49:15 PM

Nope at the end of this month or sooner when the "purse" hits near 0 game is over no refunds, nothing just the last daily dividend.

Then "hopefully" a new round will start and we'll have to buy back in to fill the "purse".

Icon

I have asked Havelock multiple times to remove the 'Annual Yield' from the site, but they have not.

I've found their yield to be incredibly misleading as well. I feel as though they are using a formula which is appropriate only for persistent securities and not those like BDD.

I definitely agree; I really have asked multiple times to have it removed because it leads to confusion about the program.

bmarch

newbie

Activity: 41

Merit: 0

Quote from: twentyseventy on May 18, 2015, 08:18:48 AM

Quote from: Icon on May 17, 2015, 04:49:15 PM

Nope at the end of this month or sooner when the "purse" hits near 0 game is over no refunds, nothing just the last daily dividend.

Then "hopefully" a new round will start and we'll have to buy back in to fill the "purse".

Icon

I have asked Havelock multiple times to remove the 'Annual Yield' from the site, but they have not.

I've found their yield to be incredibly misleading as well. I feel as though they are using a formula which is appropriate only for persistent securities and not those like BDD.

twentyseventy

legendary

Activity: 1386

Merit: 1000

Period 38, Day 1 Report - May 18, 2015

Balance Post Divs: BTC 71.26880364

Total Units: 124215

NAV/U: BTC 0.00057375

ESTIMATED DAYS OF FULL DIVIDENDS LEFT: 11

twentyseventy

legendary

Activity: 1386

Merit: 1000

Quote from: Icon on May 17, 2015, 04:49:15 PM

Nope at the end of this month or sooner when the "purse" hits near 0 game is over no refunds, nothing just the last daily dividend.

Then "hopefully" a new round will start and we'll have to buy back in to fill the "purse".

Icon

This is correct; just to clarify, however, it's not that there are 'no refunds' - the whole point of BDD is to pay out the funds back to the unit-holders. The whole point is to speculate on what proportion MINE will receive vs. what SELL will receive. I make no secret of this, it's all spelled out very clearly in the OP; I even sent out an update earlier this month to remind everyone that the End Game is coming up soon.

I take a small fee on newly issued units of EXCH; it's not like I'm keeping all the funds or anything - it's paid out via dividends to MINE and SELL.

Quote from: Lethn on May 18, 2015, 12:59:49 AM

sigh fuck, no wonder the numbers looked too good, I should have known better, can't believe someone like Havelock is hosting this kind of operation.

It's not as if anything underhanded is going on here - This operation is 100% transparent, even down to me giving daily updates on the numbers. For the record, I have asked Havelock multiple times to remove the 'Annual Yield' from the site, but they have not.

felente

full member

Activity: 147

Merit: 100

Quote from: Lethn on May 18, 2015, 03:59:05 AM

lol no I do blame myself rest assured ;P just goes to show you though it happens to everybody.

you're good man then

I personally have lost good part of my "investitions" here because of inexperience and desire of quick profit (couple years ago).
fact: it's not working this way, nowhere... i learned to look for causes of my faults in me and survived.

...and wish to everybody to do same.
BUT no go. and same and same again... ))

Lethn

legendary

Activity: 1540

Merit: 1000

lol no I do blame myself rest assured ;P just goes to show you though it happens to everybody.

felente

full member

Activity: 147

Merit: 100

what has now havelock to do with the fact, that some of us (some of you) are too lasy to read before "investing".

my god. havelock is fine. EDIT: ok, not perfect, under circumstances... (until now)

and THIS is a bet, and it was so from beginning.

read readme's before pointing to others as guilty Sad

Lethn

legendary

Activity: 1540

Merit: 1000

sigh fuck, no wonder the numbers looked too good, I should have known better, can't believe someone like Havelock is hosting this kind of operation.

Icon

hero member

Activity: 821

Merit: 503

Nope at the end of this month or sooner when the "purse" hits near 0 game is over no refunds, nothing just the last daily dividend.

Then "hopefully" a new round will start and we'll have to buy back in to fill the "purse".

Icon

Lethn

legendary

Activity: 1540

Merit: 1000

So just to clarify how this all works, the period you shut down trading will be when you build up your dividend reserves for the next 200 days? Hope I'm not misunderstanding.

twentyseventy

legendary

Activity: 1386

Merit: 1000

Period 38, Day 0 Report - May 17, 2015

Balance Post Divs: BTC 77.39692923

Total Units: 123632

NAV/U: BTC 0.00062602

Quote from: AllInBit on May 16, 2015, 11:11:14 AM

@twentysevety

When this round is finished, when will the next one start? Couple days, a week? Thanks

Should have more details on that this week, thanks for the interest-

twentyseventy

legendary

Activity: 1386

Merit: 1000

Period 37 End Report - May 17, 2015

Previous Units 117640
EXCH Sold 6672
Less Buybacks 680
New Total Units 123632

Previous Balance 160.3702877
Price per EXCH Variable
Gross Sales of EXCH    6.08622481

Less Fees       0.02434490
Less Dividends       81.72152172
Less Buybacks 0.81333940
Less Mgmt Fee 0.12522200
Net Balance       83.77208452

End of Period NAV/U    0.00067759

New Difficulty       48,807,487,245
New Daily Dividend 0.00005151
New Reserve per Unit    0.01030200

New Reserve Less NAV/U = 0.01030200 - 0.00067759 = -0.00962441

SELL Dividend None (Because NAV/U is less than 200 Days of Dividends)

Days of Dividends On Hand ~13.15

NOTE: This will likely be the last report for this Round of BDD. MINE will pay out as many full dividends as possible and, after that isn't possible, trade will be stopped on MINE/SELL/EXCH. SELL units will be bought back for 0. MINE units will be issued a final pro-rated dividend for its share of the final few BTC and bought back for zero.

AllInBit

member

Activity: 60

Merit: 10

@twentysevety

When this round is finished, when will the next one start? Couple days, a week? Thanks

twentyseventy

legendary

Activity: 1386

Merit: 1000

Period 37, Day 12 Report - May 16, 2015

Balance Post Divs: BTC 83.46989669

Total Units: 123198

NAV/U: BTC 0.00067752

twentyseventy

legendary

Activity: 1386

Merit: 1000

Quote from: ?? on ??

Right. But I would like to ask the money that I invested waiting? Or they burn. I then they can bring. Sorry for me such stupid questions. I'm just new to this

BDD isn't an investment - it's speculating (betting, to use a simple term). Your money that you paid for the MINE share is being paid back to you through dividends. If you bought the MINE share for less than the NAV/U at the time, you will likely make a gain, otherwise you will make a loss.

In any case, yes, the MINE share will be bought back for 0.

twentyseventy

legendary

Activity: 1386

Merit: 1000

Quote from: ?? on ??

hello dear friend
i'm a user of a havelock investment.
I read a message on may 3 about "game over"
I understand very little English. I don't understand. I Have any units of B.MINE. I have any questions.

1. After 25 days. My money and units is Lost?.
2. After 25 days daily dividends is paid again?
Please explain in understandable

Thank You Very Much!

Around the end of this month, BDD will no longer have any funds to pay out dividends to MINE. This is because the difficulty has not been increasing. Your MINE units will continue to receive normal dividends until that time.

At that time, there will be one final dividend paid out (less than the normal dividend) that will be for the remainder of the balance that BDD holds. Then all MINE and SELL units will be bough back for 0.

ALL MINE units are worth the last published daily NAV/U (assuming there isn't some massive increase in difficulty before the end of the month)

Topic: [Havelock] Bitcoin Difficulty Derivative (BDD) - page 30. (Read 290294 times)