Topic: [Investment fund] Gamma Bitcoin Fund [Closed] - page 28. (Read 84429 times)

Ok, sounds good.  Fingers crossed.  What about ASICMINER?  Do you think they are legit and will you continue to invest with them?

Well our portfolio in it self is a pretty good one, but there's a recession hitting the lending and GLBSE market due to a liquidity squeeze as well as some very irresponsable investments from some of the depositors, which has caused a lot of panic and chaos. Which leads to that GLBSE assets share prices are taking a short term hit. Hence we are moving away from GLBSE and into safer and more long term investment. This will hopefully lead to better profits.
right now I am planning to place some BTC with bitcoinrain.com and some with our bot trading.
//DeaDTerra

I have lost 20% since I have invested with the Gamma fund.  Started with 200 BTC now at 160 BTC.  When will the bleeding stop?

Hahah thanks guys
Though I am starting to think it's more likely it's a angry GIPPT investor then a GBF investor, hmm.
//DeaDTerra

Sounds nice =) I'm with DeaDTerra, you are a nice and trustworthy guy!

Yea I understand, anonymity is important for such reasons. But that person is just embarrassing themselves. If necessary I authorize the use of funds to move you to a secure facility guarded by a team of special ops commandos We will get you the DT Secret Service.

I know
Most of you guys are nice and cool, i just have to make a statment because now that I have given up my anonymity I can't have these kind of people coming after me, it won't work.
//DeaDTerra

Lots of us quiet ones are sticking with you DT. A pox on the house of those who make threats You are a cool guy and do not deserve such treatment.

Thanks, I think we will see a major improvement after the 1200 BTC will be moved into safer investment
//DeaDTerra

Good luck DeadTerra. We know you're doing your best, the time are harsh right now but eventually it'll get better

All the deposits has been added and the withdraws has been sent out.

I just got a very angry email threatening to drive to my home and take his/her money from me if I didn't send them. I don't take lightly to threats, and I sure as help don't every want anything to do with the person once I found out who it was. Threats are not okay on any level, This is why I didn't want to give out my ID, I have been nice to you guys, I have been fair and I have been honest. I have always done my best and I hoped that you trusted me, things have been hard but we have gotten out easier them most people look at HK, look at IMSAguy, the reason why we are not in the shitter is because I told you the whole story and we could avoid further liquidity squeeze, if you don't agree with my decisions THEN FACE ME, I am here, I am always here. I am open for disscusion please do question my decisions, do question my logic and morals, but never ever try to threaten me again.

There will be no weekly report tonight, I am no longer in the mood for it... some of the details is already in the log book, more details will be given tomorrow in the weekly report.
//DeaDTerra

Hello
I am still working on it, I have had tons to do and I have been very busy and now I am sick...
But it's a working progress,I will probably sit down in a day or two to implement it once I feel better
The plan is at least to switch this weekend.
//DeaDTerra

Hi DT.

Any updates on when you will start the new investment system?

Another week has passed. This weeks profit ended at -0.5%.
This is mostly due to the losses taken by the share price drop in both pirate bonds,Gigamining,CPA and NYAN. We managed to cut our losses on our pirate exposure as I managed to sell all our exposure (except 100 BTC) for 25% of face value. GigaMining has dropped from 1.05 to 0.84 mostly due to the difficulty increase but also due to that people noticed that right now BitBond had a better mhash price as well as they offer a better ASIC upgrade. CPA and NYAN.C took a NAV hit due to the pirate default (which is now almost 100% certain), I have talked to Usagi and he's confident that both assets will be able to move on from pirate successfully and that they will soon be back on two feet again.

On the positive side we see, a increase in the ASICMINER price up from 0.095 to 0.115 BTC, after a sucessful IPO and a sucessful sell off, The project is now in the finishing step of development as they are "printing" the design and will soon be moving over to start testing/production. ASICMINER has a lot of potential as they are one of the only competitors to BFLS, and as they are located in China they will be able to compete in prices and quantities.

On future projects, We are currently working on improving and optimizing the arbitrage bot. Which has proven very profitable now in the unstable market, making up to a couple of percent a week on the good weeks We are going to keep adding exchanges and as well work to a more automatic transfer system to enable a more smooth and efficient trading. I am also exploring the possibility of manual/automatic arbitrage between icbit.se and MTgox, We will see how it goes but right now it seems like it has a lot of potential as the volume is growing rapidly!

As per usual if you have any questions or concerns please do ask
//DeaDTerra

Thanks!

@keystroke:
You can see it in spreadsheet:
https://docs.google.com/spreadsheet/ccc?key=0Aq6Ug2ODt-l2dC13WldWaTBWQVNYZWRwVDgtQmhzUkE#gid=0
Uninsured pirate exposure was 0, recently DT bought some pirate shares worth in total 182 BTC, because he believe they will be bought back at better price.
Everything is in the logbook: https://docs.google.com/spreadsheet/ccc?key=0Aq6Ug2ODt-l2dHBoeDFWTC10QXYwR25rRXctWUE3a3c#gid=16

Hi DT! Just reviewed the new plan and I like it. Sorry to ask again, but how much of the fund, if any, was exposed to Pirate?

Withdraw list:

#58: 19.134 BTC
#95: 100 BTC
#114: 176.813BTC
#62: 24.166 BTC
#43: 34.315 BTC
#98: 4.931 BTC
#52: 174.382 BTC
#91: 500 BTC 239 BTC
#4:   17.0607 BTC
#53: 156.748  BTC
#112: 84.7399 BTC
#93: 81.852 BTC
#79: 72.577 BTC
#81: 16.898 BTC
#73: 396.857 BTC
#91: 368.98 BTC
#55: 10.155 BTC
#107: 328.477 BTC
#109: 15.48 BTC
The withdraws have been sent out there's about 0 BTC left in the withdraw queue.
Seems like things are starting to brighten up, as we have only a small amount of BTC in the withdraw queue I will resume normal trading
//DeaDTerra

As suggested by one of the investors I am now looking for a loan for GBF
https://bitcointalksearch.org/topic/nvm-103619

If you chose to withdraw immediately a small % will be taken as a fee to pay this loan back, I have yet to set that rate as it depends on what kind of rates we get on the loan. If you don't want to pay this fee you can chose to wait, I will from now on not have the withdraw requested btc be a part of the fund instead they will be removed from the investor list and be written down as a debt. This means the investors that have requested a withdraw and do not want to pay the fee, will not take any loses nor any profits.

This is a temporary solution and hopefully it will help us get over this hurdle and move on so that we can implement out new system

Thank you!
//DeaDTerra
* I realized this might be a too rushed idea and a bit to risk, I will keep it in mind but I need to think it over*

From what i can gather it is a common MO for the guy.