Topic: [Investment fund] Gamma Bitcoin Fund [Closed] - page 26. (Read 84436 times)

Any updates for payouts?

Thanks DT! Would you mind posting the queue and show it being processed as you did last time? Cheers!

It's seems like that might be the case, I am working on getting our money back. I am currently having contact with the new "owner" of the site but if nothing develops then I am going to release Crazys passport and all the information I have of him, to seek justice.

GLBSE assets are pretty much mining with a few cases of real businesses like S.DICE your correct, that's why we are moving most of our capital to bot trading and into the new venture fund we are starting up We are currently liquidating out GLBSE possition with a couple of hundred BTC a week (I always make sure we sell on the higher side of the spread) and pushing towards other investments.

Please have a look at the future projects that are up and coming which I posted a couple of days ago.

Right now I am standing by with the GLBSE IPO launch as the whole SEC situation and Nefario/Goat mess has made the situation a bit unclear so I want to make sure everythings clear before we get going.

//DeaDTerra

Mybitcointrade is a complete scam sorry.

Unless we get some companies that actually produce something the bitcoin securities market is effectively dead in the water.

Outside of mining which has its own issues theres not much left thats worth investing in. You can say goodbye to 1-2% a week. Maybe 1-2% a month is more like it.

Bitcointorrentz, satoshidice and IBB are basically it. Mining stocks and bonds are for suckers and aren't good long term investments,only daytrading.

No problems
To all the withdrawing people.
We have a bit of a queue again, so there might be a delay of your withdraw with a week or two depending on how the market looks.
//DeaDTerra

Awesome, thanks DT!

Hello
Sorry it seems it got lost in the mail,
I have responded to the second email
//DeaDTerra

Hi DT! I just emailed but in case you have not received:

Hope you are doing well! I need access to some liquidity so would you mind closing down my account? Username keystrike. Thank you!

I will be taking a early evening tonight guys, any questions will be answered tomorrow.
GN
//DeaDTerra

A bit over 10% is with the mybitcointrade guys, though it was lower before as the fund was bigger.
A bit over 600 BTC was withdrawed last week as part of a decreasing process to decrease the exposure to them.
Though the amount put in the project on their site, was still pretty high.
//DeaDTerra

For reference, what percent of the fund is exposed to ZIGGI?

Hello

No problems, I try to do my best to be as transparent as possible and answer every questions the investors have.
If any of my answers doesn't make sense then ask again xD as said I am a bit sick so my brain is slightly fried at the moment ^^
I hope so as well, I will be working on getting back out assets with the best of my ability, hopefully the passport will prove crucial if it turns out he's running for it.

Indeed, We are currently working on forming a alliance and a network to improve the lending/security market, as right now the risks are to high and most securities only favor the issuer.

Small update on the venture fund ^^ We now have Erik Voorhees on the board, he will be a great asset so thank you for joining us!

//DeaDTerra

Hi DeaDTerra

Thanks for the quick reply.

Good communication really helps to build confidence. I really appreciate your honest replies to my questions.

Let's hope that the Ziggi situation resolves happily.

I really appreciate your working on guidelines for investment. At the present time Bitcoin investment seems to be a very risky business with far too many unverified offerings.

Indeed, I should update that, the historical figures are up to take but I should also update the estimate return to more realistic numbers, thanks for pointing that out.
The reason for the delay of the infrastructure is because I have been very busy and fallen sick, I am terrible sorry for this delay and I will get to it as quickly as possible.

That is not the case, I chose to switch the GIPPT shares we held from the beginning to IMSAGUY debt as I believe we will be paid back faster that was as HK seems to be very slow at paying back if he will do so at all. The other shares bought more recently has been bought for under price and then traded back to me privately (as I had insured 250 BTC worth of GIPPT, I saw a chance for me to reduce my loses and for the fund to make a bit of profit from the difference of the GIPPT NAV and the price they were bought at. I am not looking to absorb any of the insurance with the funds money, it's not even my insurance mostly it's INAU that stands for 95% of it.

We are pretty heavily invested into ZIGGI which is making me quite worried, I talked to him a couple of days ago but recently I have been unable to contact him. I have been trying to contact both him and the new owner Viktor without any real success, if they do not answer soon I will post all the information I have regarding them and the forum and the other investors can help me track them down.
I am giving them some more time to clean this up but if it doesn't improve then I will indeed post the information and the pictures of the scanned passport. If it turns out it's a scam and nothing is returned then it would hit the fund heavily, unfortunately.

Some questionable decisions has been made by me, maybe a passport, a real name and a strong forum ID isn't enough to protect us from scam. If Ziggi tries to run I will do my best to hunt him down and return out assets though. I am working with Nicholas to provide the fund and the general lending community with a base line rules and expectations of any investment and hopefully this will provide us with a basic minimum investment requirement and hence force out any unseriousness or malicious intent from the lending section.

Thank you,
I am currently working on several project but these colds are slowing me down.
The current plan is to liquidate most of the portfolio and then restart it with fresh investments that satisfies all the investment rules setup, for a higher quality investment with lower risks.

//DeaDTerra

Another week, more losses.

My 100 BTC investment at the end of July is now reduced to under 76.

I think it's time you updated the OP to reflect this recent performance. It still claims:

Estimated Return on Investment
5-10% per month
1.25-2.5% per week

Which, I think is a bit misleading as there have now been 8 straight weeks with losses.

You have been saying that the new infrastructure would be in place since the beginning of this month, and still nothing has happened.


I am concerned by the casual mention in the log book on the 8th, 9th and 18th September of your buying shares in GIPPT.  Incidentally, there is no mention of these purchases in the GBF Assets log which says that GIPPT holdings are 0. Are we paying for your failed Pirate insurance fund?? I belived this was to be kept completely separate from GBF.

Also, from looking at the GBF Assets log, which I assume is completely out of date, it appears that the fund is heavily invested in Ziggi/ mybitcointrade.

Do you have any news on the situation there, as it looks to me like they have abandoned the website and their investors and run away with the money.

How will this situation affect GBF?

If this does turn out to be another fraud, will you publish Ziggi's passport info?


I must admit that at the moment these continual losses and dubious investments are really making me wonder if I should cut my (not insubstantial) losses and get out now.

I hope you can recover from your current cold soon, and post some encouraging replies to these questions.

Log book updated, investor list updated
Withdraw sent (should be all of them, if not pm me)
Still sick, but I will keep on working when I have energy, I am aiming to release the new infrastructure update within a couple of days.
//DeaDTerra

Yet another cold has put me down for the counting...
Rather then trying to fix all the accounting now with my slugish brain I will delay it until tomorrow.
sorry guys!
//DeaDTErra

Haha yea... I have made some poor decisions I must admit.
The idea is that if you have several people that are experts in different areas we can make a decision together that's better then a decision made by each person
//DeaDTerra

I hope you pick better investments than Rebate,Bitdaytrade and Zip.A

If another one of those gets through the gate Im not going to be too happy. 

Ouch