Topic: [Investment fund] Gamma Bitcoin Fund [Closed] - page 38. (Read 84429 times)

Finally 

haha, yes sir!
more money Asap
//DeaDTerra

Congratulations!      (a new toy is always a fun thing to take on vacation)

Enjoy yourself, get refreshed, then come back home and MAKE US SOME MORE MONEY !!!1ONE

Hey guys
My Samsung Galaxy S III arrived today, I have already setup our MtGox,my Gmail and GLBSE account to have a two way factor authentication with my smartphone. This sound greatly increase the security on these account, I have also talked to CxC about if they can add Google authenticator support.
A good first steep in increasing the security of Gamma Bitcoin Fund.
//DeaDTerra

One of our bigger investor has chosen to withdraw from GBF, as he has other ventures he needs capital for. Hence I am going to open up the deposits for 2000 BTC, to make up for this whole in our capital. Hence Deposits are open again for a short while, if you want to deposit them pm or email me
//DeaDTerra

I just wanted to announce that I am going to holiday from 12th to 15th of July, I should have internet access, and it should not effect the profit of the fund. But if something happens you know why I might be contactable for a time, I recommend email during this time as I won't be using IRC or Skype. If I for some reason don't have internet access please direct all your questions to Anthony and he will do his best to help you out until I am back
I also want to announce that I am going to release a short update of the direction of the fund and it's investments tomorrow, kind of a new investment plan to deal with the GLBSE recession.
//DeaDTerra

He does have a stake and he profits if the fund goes well, I think such deals motivated and make people work better
The exact details of the contracts I will keep for myself.
//DeaDTerra

Good to see DDT gets support!

Are you doing it for free? ;-)

Hello everyone, just wanted to tell everyone how excited I am to be a part of this fund, and even though my role is fairly limited in this, I will try to be as much of a resource to Ludvig and you guys as possible. Since Ludvig's in GMT+1, I can cover some of the time he will be unavailable and/or sleeping. My skype ID is the.papa.vo and I check my PMs often enough. Hit me up and I'll get back to you in all my capacity

I first talked to Lud when I was looking to do something with my bitcoins rather than have them sit around and risk being labeled a hoarder, and turns out we both have extremely similar interests and a common vision of where we'd like this fund to be. I trust him enough to let him take care of some of my bitcoins and even give up some of my spare time for. Since I have a stake in this too, I'm going to do my part in expressing any concerns I have with Ludvig and bounce ideas off each other for the fund's best interests

Yours,
Anthony

As I said it's not a direct hedge, but as CPA insuring Pirate they are heavily Pirate exposed and by buying insured Bonds, I can have the pirate interest rate without further pirate exposure. I also got a good deal on the bonds
//DeaDTerra

I still don't understand how this is a hedge.

No matter how you look at it, CPA is BS&T-exposed by the fact it is insuring it. And heavily so. The insurance only acts after the fact, which means it won't help against the default. Well, nothing will, but that's just my opinion. This is less of a hedge than just keeping plain BTC.

I would personally keep 20-30% of my funds in Pirate, but as we are a low/mid risk fund and we are making a good % without such risk, I chose to liquidate all the pirate assets. I am not saying, pirate is or isn't a ponzi as such is irrelevant but there are clear sign on that Pirates business is slowing down and is no longer as profitable, hence I feel there's a certain risk on default. If you take this risk is up to each and everyone of you and is not something I am going to say, do this or that, it's up to each person and depends on your goals and preferences.
//DeaDTerra

The reason why I say that it reduces the risk is due to that CPA is offering YARR, which is a insured pirate asset. If Pirate were to default then Yarr would get paid back 100%. By buying Yarr I will ensure that is Pirate fails and CPA falls with it that I get some of my investments back. By insuring Pirate, I can reduce the risk of Pirate falling as I will not be as effected if Pirate defaults. It's not a 1:1 hedging, I will lose more if Pirate defaults then if he doesn't but essentially it reduces the risks slightly. Esentially, I believe that the profit CPA can make is worth the risk of a pirate default, by also buying Yarr I am securing that if pirate falls I will not lose 100% of my investment with CPA, as well as helping and encouraging CPA
//DeaDTerra

Thanks for the update DeaDTerra! I think all of your choices are sound. I am really worried about your conclusion on Pirate however as I have deposits with a couple of Pirate passthroughs. I believe there are some very well respected forum members such as Patrick who are keeping large deposits with him but who knows how many are jumping ship. I've got a touch choice to make - greed or fear 

I might have been overaggressive on this fund because of BS&T exposure. Reading the portfolio, maybe I should have discriminated more between what looks like accidental exposure instead of intentional collaboration. Just to make it clear: no accusations were intended, just criticism of BS&T.



I don't understand. You are involved from both the insuring and the playing side? If CPA defaults along with BS&T, you're getting a double-hit, how is this reducing risk?

Read my sig, I am personally involved. This is just a logic question.

Hey guys, time for the weekly report!
This week we went -3.207%, this is due to that I had to start purging the portfolio earlier then I had planned, due to the new plans Pirate released, as I believe that Pirate is a higher risk investment now then it was a couple of weeks ago. The changes made suggest either the end of a Ponzi  scheme or the end of a high profit company. Either way, after an in-depth analysis of the situation I decided to liquidate all our uninsured Pirate investments. While I was at it, I also started liquidating our non-upgrading ASICs mining bonds (all except Gigamining). Both of these investments might on short term be profitable but both of them will reduce in profitability as time goes on. Hence I decided to instead invest in Mining operations which upgrade their mining power with time and with GigaMining which allows us to upgrade our bond to more mining power while minimizing unnecessary exposure in an otherwise highly speculative market.

While we have liquidated most of out mining bonds, we still have some left that I am slowly selling off to make sure I don't cause a dip in the market. We are now instead investing in loans, bot trading and other GLBSE ventures. As part of the purging or our portfolio, I am trying to move capital from GLBSE to other investments to increase our the diversification of our investments and to reduce risks. As such, we have invested in the following lenders/bonds/CDs: chungenhung, VESCUDERO, ciuciu, and also made deposits with ZiggiStar, nckrazze as well as  Leandro César's Brazilian Bitcoin Investment Group (a few quick forum searches away
This should ensure guaranteed and risk free interest. As GLBSE is in a "recession" after the massive bubble crash a couple of weeks ago I think it's safer to keep some of our BTC outside of GLBSE in safer and guaranteed investments.

GigaMining released their info for the new ASICs upgrade of the bond. https://bitcointalksearch.org/topic/feedback-requsted-gigamining-teramining-upgrade-paths-92090 for more info about the upgrade. It seems like GigaMining is now the only ensured safe mining bond, that will withstand the ASICs upgrade, hence the price is shooting up. It has already increased by 25%, I managed to buy 200 shares before the price increase so we now have about 750 GigaMining shares I will be upgrading them with the paid version to get 4x25 Mhash for each of the bonds, if the upgrade is as great as it sounds it should improve our Mhash count significantly.

We now have 0% uninsured pirate exposure, I have sold off all uninsured bonds and purchased YARR bonds which are fully insured by CPA I have also used these to hedge my current involvement and investment with CPA, to reduce our risks. I am also planning to increase our insured pirate bond with INAU to 1000 BTC instead of the current 500.

Some side notes, first of all I want to introduce you all to my new assistant, My friend Anthony. He will be helping me out with things like spreadsheets, accounting, announcements and such. So that I can focus more on the investments instead of the things around it . He will also be the one to contact if I am going out of town or if I am otherwise unable to be contacted. His name on the forum is Vokain, if there's anything with the spreadsheet,weekly reports or such. Then send off a message to him

I also want to clarify a thing, on the 6th and 7th (of July) the spreadsheet was manipulated and showed the wrong numbers due to a error made by me this was corrected on the 8th hence the weird pattern in the log book, hope this clarifies that matter. This is now fixed and it should not have had any influence on the profit since it was in the same week.
//DeaDTerra

Hope you and your family are ok.

It's nothing too serious, I just feel like it's better to fix the stuff tomorrow so there's no error and it's done to 100%
//DeaDTerra

Hope everything goes well; be there for your family and friends.

 Hey guys, I am going through some private stuff at this moment, so I am not in shape to write the weekly report, so I will delay it until tomorrow, same with the profit pay out. Really sorry guys.
I will fix it asap tomorrow morning, thank you for your patience.
//DeaDTerra