Topic: [Investment fund] Gamma Bitcoin Fund [Closed] - page 27. (Read 84429 times)

Haha wow, I didn't know they called for me. That probably means I won a single and didn't pick it up or something...
//DeaDTerra

DeadTerran, they are shouting for you in this video... check at 00:00:47
http://www.youtube.com/watch?v=K6fuEKqGSsQ

Great looking fund I'm in 

Nice ideas! Keep up with the good work!

Hm seems like yet again I overestimated the time at my disposal...
The full report will be delayed until tomorrow though I don't want to leave you guys empty handed.
So I will leave you with three of the projects that GBF will be involved with in the future,
1. Lending
Gamma Bitcoin fund will start accepting loans, we will offer low rates for low risk loans. We will ask for ID,phone number etc and make sure the person exists and is the person that's looking for a loan then the person will sign a contract that will be enforced by judge.me. Basically a low risk use of our capital, this is something that the bitcoin community misses, low risk loans with low interest rates. For honest people that are looking for some real loans.
2. Hedging arbitrage bot
We will connect our current arbitrage bot to ICBIT.SE and trade futures, by hedging on MTGox we can treat the futures as normal bitcoin trading. Right now there are trades for 10-20% profit on ICBIT.SE and the spread is huge, we have already contacted the owner and gotten his good to go as well as some basic code to help us get started on his platform. Hopefully we will have the bot up and running fully in a couple of weeks.
3. Venture fund
After some good and inspiring talks at the conference,I got an idea of a venture fund. A serious venture fund, for real people with real investments. We allow people to apply to the fund, with a board/panel of expertise in different areas we can pick apart each application and only the best will be invested into. But our mission does not end here, once we have invested with them they are a part of us and we a part of them. Hence the whole board helps out on their areas of expertise and helps improve and support the company.
Right now the board looks as following me,Nefario,Nicholas Mendoza,Caleb and Meni Rosenfeld.
(note this idea is about 3 days old and is not fully completed).
We are looking to add up to 10 people on this board.

These are just a couple of the ideas I have for the future of GBF. More details and a full write up will be avalible soon
I will provide a London experience review and new changes to GBF tomorrow.

Any comments,questions or feedback is warmly welcomed.
//DeaDTerra

Thank you
I will take these points into consideration.
The plan is to reduce our risk rate and decrease the amount of anonymous investments to 0. The Bitcoin lending market is getting silly and we need to get out.
I will post more about my plan tonight
//DeaDTerra

I dont claim to put in as much effort as DeaDTerra.  Just my advice.  Take it for what its worth.  I have only invest what I am comfortable losing.

This is well thought out and clearly conveyed - Thank you for this contribution!

Hello everyone,

I took a glance at DeaDTerra's portfolio.  Having working at a mutual fund company before, I would give DeadDTerra these recommendations.

- I agree with DeaDTerra liquidation of GLBSE assets.  Right now I think the fund is invested in too many of them.  Only the top 5 or even 3 GLBSE assets should have any money in them.  DeaDTerra seems like a busy guy so having to research 10+ GLBSE assets a week would be a handful for any one person doing this part time.  I can see DeadTerra researching one asset a day comfortably, but two assets a day five days a week is a bit much.  Knowledge is power.  I suggest cutting back to under 5 or less of the best GLBSE assets that are run by trustworthy people.  I would also sell for a loss any underperfoming, time-consuming assets ASAP.  I know liquidity is bad and it is just a waiting game now.

- The recent ASICMINER investment, although risky, was a good speculative play since it is important to invest in the future.  Only a small portion of the fun should be speculative.

- Giving out loans at 1.5-3.5% interest a week, in my opinion, is highly risky and people who are asking for such loans risk default and non-payment.  Anyone asking for such a loan may not even be business savvy since USD/fiat loans are much cheaper and it would make more sense to go to a real bank.  In addition banks don't give out commercial loans without substantive credit check, and it is difficult to credit check everyone in the forums.  I would greatly reduce the number of loans given out.

- Right now bitcoins are in a bull market.  Merely holding onto bitcoins is an investment itself.  It is better hold onto bitcoins rather than risk losing bitcoins.  If any investment is merely daytrading bitcoins then that would be unprofitable in a bull market.  I would not give out loans to daytraders at this time.

- For stable investments look for companies that have already proven themselves, have high integrity, and is transparent.  Gamma Bitcoin Fund is a "stable" fund so most of the portfolio should be in these companies.

For anyone that's interested how I look like.  You can see me in this video
http://www.youtube.com/watch?v=pcr9ewg99LA
(For those that know please don't spoil the fun )
//DeaDTerra

More blond and you've just about got it

Maybe next year we can have more time to meet  
I did not sleep very well too during the conference. Thursday - party all night (my friend's birthday) Just 3 hours sleep in a bus friday morning. Friday, saturday nights it was about 4hours sleep each night, very early wake up to be on time to first talks. Good coffee helped a lot to survive it;)

haha, it was really nice meeting you guys
A bit sad I didn't have more time to talk to you and that I had to run to my flight, I would have love to take a beer and chat with you guys a bit longer.
Haha I am sure you can spot me in one of the many videos that will be up soon of the speeches.
I will update all the spreadsheets and payout the profits tomorrow, right now I need sleep xD
18 hours sleep in 76 hours... damn you and your early morning/late evening flights
//DeaDTerra

Look, ordinarily I'd say "Pics or it Didn't Happen" but I don't want to change my personal mental image of DeaDTerra:



 

I can confirm that! I was there too and I had great speak with DeadTerra. Good luck with your fund, friend, I am definitely gonna stay with my bitcoins there

Just came back from London and can say that I've met Ludvig and he seemed pretty real ;)

RSM - https://bitcointalksearch.org/topic/796com-redstarminingcom-the-oldest-public-mining-security-150ths-63257 - just needs to sell ~250 shares @BTC0.30 each to be operating at 48(MH/s)per share on delivery of our ASIC's.  I know were not issuing dividends until we receive the hardware but that's a better (MH/s)per share rate then most if not all our competitors.  Were planning on issuing 300 new shares on Monday at BTC0.30 each to take us to >51.6(MH/s)per share.  Although if we can shift another ~1400 shares at BTC0.30 we would be operating at >54(MH/s)per share or 1(GH/s)@<BTC5.55.  Just thought I'd let you know.  We've been operating over seven months now and I know Nefario personally.

My Offer still stands, anyone that want to meet me in London this weekend, pm me and we can sway numbers etc.
So far I only have one meetup with a investor planned, I would love to meet the rest of you as well
I will finish of the most important things tomorrow make sure everythings up to date and such, as I will probably only have limited internet at best during the conference.

Sorry about my sloppyness with the log book, it has been a busy week.
//DeaDTerra

Knowing how NAV works, I would expect that values in the market will return to normal in a month or two, once the fiasco has ended.

I think they are legit, I trust FriedCat and he seems to know what he's doing. As we are on the board I will do my best to make sure that ASICMINER becomes as successful as possible
I won't put any more BTC with them as we already are pretty heavy invested into them, but I will keep the amount we have.
//DeaDTerra