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You're right. I edited the title now - thanks
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Hedgeable is throwing Part 2 of the "Bitcoin - No Boundaries" series on the evening of February 9th in NYC. The theme this time is innovation in bitcoin and we'll have a bunch of companies doing demos and talking about new things they're working on. Free to attend, free food, free drinks, and some special guest appearances! You can find some more info and RSVP here: https://www.eventbrite.com/e/bitcoin-no-boundaries-innovation-in-bitcoin-tickets-15443902127. Space is limited, so reserve your spot now! |
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We're throwing part 2 of our "Bitcoin - No Boundaries" series on the evening of February 9th in NYC. The theme this time is innovation in bitcoin and we have 7 companies doing demos and talking about new things they're working on. Free to attend, free food, free drinks, and some special guest appearances! You can find some more info and RSVP here: https://www.eventbrite.com/e/bitcoin-no-boundaries-innovation-in-bitcoin-tickets-15443902127. Space is limited, so reserve your spot now! |
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If i want to invest $25000 i would use the money to invest into my own account. What is the rational of giving money for someone to buy on your behalf when i can do it myself.
This is primarily for people who do not already own bitcoin and are new to it. Hedgeable is an investing firm, we manage people's money. The rationale is the same as anyone in America who goes to someone like an advisor to manage their money. The bitcoin is in addition to that. There are plenty of other ways that people can invest their money, and with more reputable companies. At current exchange rates, your "deal" works out to ~1.25% "bonus" if someone invested the minimum $25,000 investment, however your fees will likely eat up most if not all of that. Our fee on $25,000 would be 0.75% wrapped annually, which includes our management fee, custodial charges, trading costs, our live analytics platform, support, etc. This is somewhere around half of what you'd pay for a traditional managed account, and it would scale down much more with a higher asset size. We give you risk management and downside protection that you will not get anywhere else unless you are extremely wealthy or pay 2-and-20 fees. The return on the free bitcoin alone could certainly outpace our fee structure over an extended period. There is still the issue of being able to trust you. I really don't see any advantage in using your service over using second market bitcoin investment trust as the cost of both investments is essentially the same. Also for larger investors who invest more then in 25k minimum will end up with a negative return on their bonus as the bonus will be less then your "fee" We do not invest clients just in bitcoin. We are an asset management firm who invest you in a diversified portolfio of stocks, ETFs, etc., which is clearly explained on our website. Bitcoin would be a small piece of that diversified portfolio. In that regard we are not competing with SecondMarket on any level, especially cost. |
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If i want to invest $25000 i would use the money to invest into my own account. What is the rational of giving money for someone to buy on your behalf when i can do it myself.
This is primarily for people who do not already own bitcoin and are new to it. Hedgeable is an investing firm, we manage people's money. The rationale is the same as anyone in America who goes to someone like an advisor to manage their money. The bitcoin is in addition to that. There are plenty of other ways that people can invest their money, and with more reputable companies. At current exchange rates, your "deal" works out to ~1.25% "bonus" if someone invested the minimum $25,000 investment, however your fees will likely eat up most if not all of that. Our fee on $25,000 would be 0.75% wrapped annually, which includes our management fee, custodial charges, trading costs, our live analytics platform, support, etc. This is somewhere around half of what you'd pay for a traditional managed account, and it would scale down much more with a higher asset size. We give you risk management and downside protection that you will not get anywhere else unless you are extremely wealthy or pay 2-and-20 fees. The return on the free bitcoin alone could certainly outpace our fee structure over an extended period. |
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If i want to invest $25000 i would use the money to invest into my own account. What is the rational of giving money for someone to buy on your behalf when i can do it myself.
This is primarily for people who do not already own bitcoin and are new to it. Hedgeable is an investing firm, we manage people's money. The rationale is the same as anyone in America who goes to someone like an advisor to manage their money. The bitcoin is in addition to that. |
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"The company's Plus Program requires a minimum $25,000 investment, and associated fees can be paid with bitcoin."
We would go bankrupt quickly if we were doing this for people who are not clients. There is no intended misdirection here on our end. We think our investing products are better than what you can get elsewhere, which is why we exist in the first place, and we also support bitcoin to its fullest extent in a genuine way. |
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So, this guy promises one free bitcoin to each of his potential 375 million investors? Either he does not understand Bitcoin, or his arithmetic sucks, or he is full of it. In either case, do you really want such a person to run your money? I know I don't.
Clearly there are not enough bitcoin for everyone to have ONE, but this is a great problem. If the response to this promotion caused an issue where we were purchasing all of the available supply, the price would skyrocket. We could always continue giving people a few bits and that would still be a substantial value for investors. |
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Charlie was at our Bitcoin event in NYC a few weeks ago  |
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No specific dress code, although we will be in the somewhat fancy British Consulate building. Ralph Lauren black bathrobe it is! Excellent choice |
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You're right. I should edit the thread title.
No specific dress code, although we will be in the somewhat fancy British Consulate building. See you there!
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bump - There's still a bit of space left
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Hedgeable is hosting the first entry in our "Bitcoin, No Boundaries" event series next Tuesday, October 14th, at the British Consulate General New York. We will be exploring the theme of investing in bitcoin from a variety of perspectives, discussing the recent price decline, and looking at the current market conditions. The event will feature an expert panel, including Trace Mayer and the former chief legal counsel for the CFTC, Elizabeth Ritter. It's totally free to attend, but space is limited so I would urge you to RSVP soon if you are interested. Come check it out if you're in NYC on October 14th! Sign up and view more details (hint: free alcohol and real food) at http://www.eventbrite.com/e/bitcoin-no-boundaries-investing-in-bitcoin-tickets-13458776563. |
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