Topic: [Investment fund] Gamma Bitcoin Fund [Closed] - page 39. (Read 84436 times)

Doesn't look like it. Too bad, otherwise I could've given you an otc rating
About Bitcoin-central: Oh right, that was actually instated a week ago or so, but they only just got around to updating their page. They have a French bank account now. Also note that the withdrawal limits are severely limiting now, unless you supply ID and such.

Now, let's stop derailing the GBF thread

Mmm, if you sold 55€ on Jul. 3, then I was the buyer. I did three buys from bitmarket.eu, and all of them cleared in two days max.

Note that bitcoin-central just updated their fees page a few hours ago: now, a SEPA transfer from them is correctly listed at a 0,99€ flat fee, instead of the previously stated 15,00€ fee.

In my experience bitcoin-central isn't very fast, but decently reliable. At bitmarket.eu you'll have to be lucky with the seller. If you had mentioned it 2 days earlier I could've told you which offer was mine (the Dutch one) and I could have insured speedy delivery (SEPA = max 2 days, so you'd have had the coins today). Mtgox is Slow, very slow. Anyway, none of that really matters now I guess. Good you managed to get some in last week

Plenty of SEPA offers on BTC OTC. Although, yeah, the weekend....

I can make an exception to the rule, PM with the info and we will work something out. The shut down of deposits is not a absolute thing, it's more for me to direct my attention to upgrading and improving for a couple of weeks rather then paperwork, but as I said it's not set in stone.
//DeaDTerra

I heard Intersango was a good option for you guys

I don't. And I understand why I wouldn't get a reasonably priced loan without it. Which is why I didn't even try

Given how lengthy this is to convert fiat into btc, I undestand the need for having some BTC piled up into an offline account for when you need them. Right now, the fastest for me (starting with EUR) have been bitmarket.eu and bitcoin-central.com, although their EUR/BTC price is higher than on Mt.Gox. I'm also currently evaluating bitcoin-24.com, SEPA transfer has been done today and should arrive on Monday (next business day).

Fortunately, I could get some BTC into the GBF last week, and I'm eager to see how it performs.

subjecting borrowed coins to risk? doesn't seem worth it. but then again, this will be the last time to invest for awhile I suppose!

If you have any reputation you can temporarily borrow the coins.

Because of Mt.Gox currently holding on my incoming SEPA transfer for 10 days now, I won't be able to increase my participation to your fund.

I'm really happy with the diversification and the reduced pirate exposure that went on this week.

This is the last chance to deposit in Gamma Bitcoin Fund, for a while.
If you wish to deposit or open a new account please email or PM me you have until the end of the day to do so
//DeaDTerra

1.) Matt ensure me that it would be paid back within a maximum of 9 Months, We structured it as a private loan and not as a purchase of shares. To make it more safe to us, so it's a private loan to matt with a maximum payback time of 9 months, ensure by Matthew.
2.) They will be paying dividends, but this will be done after the current expansion and fund raising. I could liquidate the shares but it would have to go through the board members to get accepted. It would basically be a share transfer but with money involved. I see it as a long term investment, for the dividends and the share price increase
Thank you for your questions, hope my answers answered your questions
//DeaDTerra

1.) Did Matt specify a time-frame on when he was going to repay the $3000 loan back?

2.) So now that GBF owns 1.25% of Bitcoin Magazine, is this in GLBSE?  Is there a dividend of some sort?  If you wanted to liquidate your shares could you?

Thanks.

It's the end of yet another week and now there's only one week left until Deposit shut down and the fund upgrade period
I can report a good week of 4,957% in profit and as promised I won't take any admin fee hence everything goes to the fund!

It has been a week with some new interesting projects as well as the finishing off of some old once.
We have invested in two new and interesting projects, the first of them is the hand held Bitcoin device called Ellet, which we have given 3000$ in a loan to them for a rate of 2.7% a week (denominated in USD). This is a great deal and I feel like it helps the community and the effort of producing a great product For more info about Ellet have a look at https://bitcointalksearch.org/topic/ann-the-worlds-first-handheld-bitcoin-device-the-ellet-85931
The other project we have taken part of if the Bitcoin Magazine, we have purchase 1.25% of the company for 2500$ , I think it's a great company with huge potentials. They have some very good staff and have produced a lovely product, hence I think it's a great deal and it will also help support the growth and mainstream acceptance of Bitcoins, perfect for the fund .

The third project of this week has been Rebate, I have finally managed to grease the wheels enough so things started spinning, the website is now up and running at bitcoinrebate.com It's a hell of a lot of fun and I have already made 0.3 BTC in the half an hour I spent on it. It's basically a arbitrage and penny auction where you bid on discounted bitcoins. It's a gambling site, but it's a lot of fun according to my experience, quite addictive as well xD Oh well hopefully this will mean that the dividends will soon start to roll in which is great news, this is one of the reasons why this week had such a good profit. The Rebate share sprung from 0.14 to 0.23 after the announcement of that Rebate was finally up and running after a long time of waiting.

Except for these three projects, we have also been selling and buying shares as usual the GLBSE bubble bursted a couple of weeks ago but it seems like the market is now recovering and is on it's way up which is great news, I can see a general trend of increase in share prices

Here's some stats for you guys:
Current Capital: 14012.642 BTC
Current amount of investors: 97 Investors
Percentage of Profit since the start of the fund in April: 25.7% (compound interest since fund start)
Average profit per week: 2.76%
Average profit per month: 11.04%

Another good news is that I got around to asking Kluge if he could confirm my ID, which he has done on this thread He will keep my ID document and release them in case I run away with the funds money etc.
If there's any questions or concerns please do ask.
//DeaDTerra

Kluge is owner of BDK, a successful and respected Bitcoin business, he's very trusted in the community. He does tons of escrow etc, check him up here on the forums He's someone more people trust.
//DeaDTerra

And who exactly are you, Kluge? 

Sorry for being a bit slow. I try my best to verify ID as best I can, and daughter woke up right after he emailed the docs to me. I do not have money in GBF, though GBF does invest a bit in BDK/BDK.BND, and we do run into each other occasionally working on others' projects. I do not believe there is significant conflict of interest.

I reviewed a loan repayment confirmation from CSN with address, and two forms of government ID. All documents were consistent in information, and holograms look correct. It is my opinion that the documents he gave me are valid and he is the person he states. I will encrypt and store the documents, to be released were something to occur which would justified it.

Cheers!

ID documents have been sent to Kluge, he has agreed to act as a third party member between me and my investors. In case of a default (that I run away with the money), he will release my ID to the public. He will probably confirm this in a couple of minutes after he had have a look at the ID document
//DeaDTerra

Profit has been paid out and the investor spreadsheet has been updated
A weekly report will be released later on tonight.
//DeaDTerra

Yes that seems a very good idea to me