Topic: [Investment fund] Gamma Bitcoin Fund [Closed] - page 33. (Read 84476 times)

If you want to attract new investors, maybe you should drop this from the OP.

New investors are currently open due to the many withdraws and yes that would be the most optimal way to do it, but unfortunately the amount of new investors are lower then the amount of old investors leaving.
//DeaDTerra

Wouldn't it be better to allow for new investors again instead of shutting down withdrawals?

I agree with your temporary withdrawal shutdown.

Also consider doing some additional promotion to add investors.

Thanks for the all work and attention you put into this!

Yea I am a bit sad that I was not yet invited to Micons party
I mean I must be a ponzi right? xD
//DeaDTerra

It's a Ponzi, I knew it! How could we have been so stupid...

On a serious note, I trust you this time as well. Expecting some BS post form Micon anytime now though hehe;)

Hey guys!
I have a fun story and a semi sad news for you guys. What to start with first? hm, let's go with the story first

Okay, so today I got called up by the first bitcoineer, he was a nice Swedish guy that wanted to know about the fund. It was kind of scary that it's so easy to find my phone number online but it was quite fun xD
We had a nice chat about, Gamma, Pirate, the bitcoin economy and in the end we decided to meet at the London conference
I have to say though, please email me before you call it's kinda creepy being called by a unknown number, a lot nicer if I am prepared for it
But thanks for the call I appreciate it!

Okay to the semi sad part, I am shutting down withdraws for the next two up and coming weeks, (might be more might be less). Before you come at me with the pitchforks and the torches screaming "PONZI!". let me explain, firstly calm down, you know me I am not planning on running away or defaulting on you guys! The case is as follows, you know GBF is currently struggling with the Bitcoin price increase and the bearish GLBSE market. It's normally fine as I can do manual flip trading to keep us over 0% profit boundary. But the recent couple of weeks I have been getting 1000-2000 BTC withdraws each week with only a couple of hundred btc in deposits. I am doing my best to try to liquidate fast enough from GLBSE, but anyone that has been there recently knows how hard it is to liquidate a couple of thousand btc without crashing the market. It's not something that can be done within a couple of days.

Hence I am shuting down withdraws for a while, to let me get some breathing air. To get a buffert of liquid btc, that I can flip/margin trade with and payout withdraws with. Once I have a good amount I will start paying out withdraws again, I know this is a leap of faith and that some of you might doubt me, might want to get out as fast as possible. But think of this, you have already taken the biggest step, trusting me from the start! So I am asking you, trust me once again on this one, I need to build up a buffert and to do this I need time, please give me that time.

All withdraw request sent previous to this post will be paid out.

//DeaDTerra

We finished at a negative rate this week of -0.672%
The balance has been updated and the withdraws has been sent out
Weekly report will be released tomorrow.
//DeaDTerra

No ETA the guy that's doing it is busy but it will come along soon I guess
The spreadsheets will still be there, the website will get it's info from the spreadsheets
//DeaDTerra

Any ETA on the site? Will it be replacing spreadsheet updates? Will the site be accessible by JSON or anything? I ask because I'm currently pulling my cell in the GBF Investors List spreadsheet automatically into another spreadsheet for my own calculations, and would like to be able to continue doing something like this.

Here's a quick-n-simple one you can use:

10 While(Bitcoins>0)
20 SendBitcoins(LoweryCBS)
30 EndWhile
40 Publish(WhatHappenedToAllTheBitcoins?IDon'tKnow)
50 EndGamma

The calculations still has to be made xD
That's where the real trouble is, but it will be automated soon
I have a web site developer working on it, once we get the GBF website up and going most of my manual work will be gone.
//DeaDTerra

if you want a way to automate withdrawals/dividends, I could probably write a quick php or js script to do it for you, would probably save us all some hassle.

I know some of your are waiting on withdraws,
but the profit payout as well as the withdraws/deposits will wait until tomorrow. As I am to tired and the chance of me making a mistake is to big xD
 Sorry guys, but I would rather delay it then fuck something up.
//DeaDTerra

High risk high reward, as long as the investments are done with caution and in low volumes it's fine
//DeaDTerra

Ehhh I think we should keep that investment separate, very high risk. I'll buy a few regardless though.

If Pirate collapses then NYAN.C takes the whole blow and it might go to the value 0 if it does then it's game over No more dividends or share value.
I am going to look into NYAN a bit closer and invest into it if I feel like it's worth it.
//DeaDTerra

Its high risk but if pirate collapses you will still get dividends probably the same as NYAN.B 

But it also has a very high risk
But sure a couple of them might be a good investment.

My decision is to go up to 2% exposure in direct pirate, this is a compromise as some believe it's a good idea and some don't think it's such a great idea.
It's a weighed risk and with the current risk to profit ratio I think it's worth putting a couple of percent into Pirate.
//DeaDTerra

You might take a look at NYAN.C which has the potential to earn more than just pirate alone.