Topic: [Investment fund] Gamma Bitcoin Fund [Closed] - page 30. (Read 84429 times)

Please give me some feedback regarding the infeastructure changes
What's good, what's bad?

On another note, if anyone on the withdraw list would accept shares instead of liquid BTC contact me.
//DeaDTerra

Hahah sorry about that xD. It's up
//DeaDTerra

Do you have a link to the draft?

I have written a draft on the infrastructure changes!
It's important that all investors read this and give me feedback on it, everyone will be effected.
https://docs.google.com/document/d/1kcWMLOT7j7wLutz5mcUCcb69mzP2DQjXk93vUhpatnI/edit?pli=1
//DeaDTerra

If you have sent me a message or a email, you will have it answered soon
I have been very busy with the new IPO and such.
I am going to go through all the messages and emails, then go onto GBF investments and the log book!

//DeaDTerra

Hi Gamma!

Hope you are doing well Just wanted to check if any of the fund was invested in pirate (directly or indirectly).

Thanks!

I have launched yet another Gamma project, this time it's a pass through to MPex for the share SatoshiDICE
https://bitcointalksearch.org/topic/bf-and-btct-gamma-satoshidice-pass-through-102181
//DeaDTerra

Sad to hear that
Oh well, best of luck with future investment and I am sorry for your loses :8
I will add you to the list of withdraws
Never mind.
//DeaDTerra

Investments all follow the same rules.
If it seems too good to be true, it’s a bad investment.
TANSTAAFL
Your mileage may vary
High return always equals high risk. A very tiny percentage of funds can go there.
You can’t beat the market unless you own the market.
Slow and steady wins the race and small steady gains become impressive over time.
Cut losses at 10%.
Take profits at 15% and re-balance portfolio
Re-balance portfolio on a regular basis (monthly)

I am a long term investor, but in my 3+ month with the GF, my losses are approaching 10%. The underlying BTC asset has increased in value since then, which mitigates my loss. But for me, if my investment in the GF crosses the 10% threshold in losses, I’m gonna take to the exits.

Dr.Steve

Thank you I have spent a lot of time thinking off how to best solve our problems, but I could always be wrong or have a major flaw in my logic, that's why I like bouncing it with you guys first. Also because you have a say, it's your money

Thank you, I am trying to improve Gamma, so that we can give the best service to all our investors independent on their size of capital, or preference in time terms
This is not yet locked in stone I am going to ask some of my advisors (a group of people in skype that I usually check my ideas with to make sure they are solid).
If everyone agrees it's a good idea and the investors (you guys) agree, I will start working on the IPO

//DeaDTerra

I'm very encouraged by the direction you are taking this.

Whatever pays me the highest rate, and leave the money with you for the longest commitment.

Put me in the "Gamma Gold Group" (and I think you should name it that, too)

Good points. Keeping both investors split does indeed sound like a good idea.
Also would protect long term investors from the short term once

The problem with not having a buffer is that then if the fund would produce negative numbers, the account balance would drop hence also the face value of the bond.
I would like to offer buyback at full value the problem is the same as offering instant withdraws it requires liquid Bitcoins which costs money and costs opportunity.

The problem right now is that I can't offer a good withdraw plan to the short term investors, and as someone pointed out holding someone elses assets against their will might be illegal Which I would like to avoid. Hence I would like to split up the short term and long term investors into two different systems each that supports that investors needs.
I don't really want to take a fee on withdraw, plus it can be used. Say we have a 2% withdraw fee but the profit of that week is -3% then you can cheat the system by withdrawing before the profit calculations.

Thank you very much for you feedback
//DeaDTerra

I like the offer but do see a problem with the buffer.
I invested 50 BTC total and due to some bad luck with the fund I'm currently not in making any profit. Now if those shares would be on GLBSE this would mean even if we make profit now I wouldn't get a dividend for a long time. This sort of things will drive the price down of the asset on the market. So if I'm correct if I sell the shares the other person will buy over the depth I have towards the asset.
The price will be lower than the 'real' value, if you would offer to buyback shares on GLBSE for the real value at the time it would be an option.

Other option might be that you don't use GLBSE but just keep it as it is now. You can offer withdraw for no fee and these could take upto 2 weeks (this way you ensure you don't lose liquidity for the daytrading / current investors don't lose when ppl withdrawn.) Option 2 would be a 1-3% fee but you get your funds back within 2 days or something.

Just my 2 bitcents

Sorry about the delay
//DeaDTerra

I can safely say that deadterra paid me back.

This weeks profit landed at -5.94%, As expected we took a great lose this week due to the panic in the market after the pirate closing. A full analysis and report will be released tonight.

Meanwhile I will give you a quick update report as well as some of my plans for the future.
Around 600 BTC was paid out in withdraws this week, as you can see here on this list https://bitcointalksearch.org/topic/m.1113205
If you have requested a withdraw and haven't been listed yet contact me.
Hopefully everyone that's on the list and still haven't received their withdraw will receive it next week.

I am thinking about launching GBF on GLBSE. The way it would work would be the following.
The GLBSE will work as following (is the plan, if you have any critic or suggestion they are more then welcomed)

Each bond gives the owner the right to 70% of the profit made for a 0.1 BTC balance in GBF (Gamma Bitcoin Fund). 7.5% of the profit not paid out will be taken as a admin fee and the 22.5% will be kept in a reserve deposit to ensure the value of each bond, in case of loses. Whenever the reserve buffer contains 0.02 BTC per share a full 92.5% of the profit will be paid out.In case of a situation where the loses reaches more than 0.04 BTC per share, then 0% of the profit will be paid out and 92.5% will be used as an emergency buffer until the balance is back to 0.1BTC per share.

This would basically be for the people that are interested in investing short/mid term. Then the accounts would be for long term investors. Each investor that has a account would lock it for x weeks, for each 4 week the amount of fees would be reduced by 1% hence encouraging long term investments which helps reduce the amount of manual work for me. For people that are interested in only investing short term you can buy shares on GLBSE and sell if off at any time.
I would also enable one way conversions, from account balance to GLBSE shares, during the first couple of weeks. So that the current investors can chose if they want to be on GLBSE or have a long term account.

This is just a draft, what do you guys think of it?
//DeaDTerra

I approve of the free market and hence support balance transferes between accounts. Tonight I will release my plan of the new system for GBF which will protect us from these kind of withdraw crisis and also help us out with dividing the investors into long term and short term investors
Time to go calculate the profit this week.
//DeaDTerra

For anyone that would like to cash out, I am currently buying accounts for 0.661719475BTC per share. To see what I would pay you for your shares, as there is no list of how many shares of what you own, take your total BTC value and multiple it by the quoted amount. This rate applies to transactions under 100BTC. For transactions over 100BTC I am offering 0.756250829BTC per share.

Any interested parties please send a PM.

I currently have 500BTC availability for these transactions.

profit calculations,withdraws,deposits and such will be done early morning tomorrow, as I think it will give the market a bit of time to stabilize
//DeaDTerra