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I was just in the member area and down the bottom corner I found this
GBBG Fund
NAV/Share
0.26124492 BTC
$18.55 USD
Remember each share costs 0.25 BTC
I spose just because I didn't know about NAV, doesn't mean GBBG didn't.
It is down in the footer which I don't normally look that far down so others may have missed it as well. Not sure how long it has been there.
Oh how convenient! GBBG Fund
NAV/Share
0.26124492 BTC
$18.55 USD
Remember each share costs 0.25 BTC
I spose just because I didn't know about NAV, doesn't mean GBBG didn't.
It is down in the footer which I don't normally look that far down so others may have missed it as well. Not sure how long it has been there.
And is entirely made up, because most of the 0.25 BTC goes to pay affiliates anyway.
Really, you must be talking about some other program because NONE of the 0.25 goes to pay affiliates.
Just goes to show how your mind works. In a ponzi it probably would but that is all you can think of. This is a fund, there are no commissions to anyone, GBBG charge 2% on shares purchased, 0% on Shares sold.
You have not taken any notice of what the whole concept is have you...The GBBG Fund is one part of a bigger network. The referral link is to do with the bigger network, but all members can take part in the GBBG Fund. So you would just have to apply for membership then you could take part. It does not cost anything to do that. Obviously it costs to get shares in the fund though.
110 bitcoins in fund if worth $160 each with them charging 2% for deposits nets the fund = $352
Assuming twice that has gone in and half withdrawn = $700 in deposit fee income
So where do they make money? Donations?
Not too mention having some fund hold your bitcoin investments
