I need some advice on setting up a crypto investment club

[jackg]

What country are you located in? It is likely not worth the legal hassle to do this if you're in the US.

@jet cash, if you’re hoping to license this, I hear the channel is,ands and Virgin Islands are very “accommodating”.

[Jet Cash]

This is becoming interesting. With the site, and a bit of monetising, it has managed to earn £1.54 in revenue. This raises the possibility of members receiving a dividend on their investments. That's another thing that has to bee added into the blockchain software for the associated coin.

[bitmover]

Hello jetcash.

Just created an account in the forum, waiting for approval.

I have many questions, and I want to get started


How much investment do you think is enough to start?

I have 3 suggestions for Altcoins, which are all top100(about rank 30,40 and 70). Can I make the suggestions already?
What are the rules for choosing Altcoins? Maybe there could be some rules like : must be listed in binance or some other reliable exchange.

Will all discussions be public on the forum, or closed to members?
Will the discussions be copied to Bitcointalk forum to attract more members?

I believe ICOs may be interesting if we dump the coins fast enough too.

I will post my questions on the forum also when/if I get approved

[Jet Cash]

Thanks for your support, and I've just seen the email trigger for your registration. I'll sort it out, and I'll send you a pm.

I think that the investments need to be pretty small until things have been sorted out. It's really about knowledge and the pooling of ideas. The overheads in running the project are negligible, so any investment should go straight into the purchase of assets. I'm still thinking about the handling of advertising revenue from the websites. My first reaction was to add it to the investment portfolio, but I'm starting to think it may be better to use it forthe improvement of the project. Possibly to buy a hardware wallet for Bitcoin base investments.

I've allocated £100 to the project, but I'll probably use that for the purchase of Bitcoin, maybe I will leave a buy order at £2,551. This could be an interesting ( for me ) experiment. I'm also thinking of buying £50 of Dash.

I believe that all pre-investment discussions should be in a closed room, but post investment opinions and reports could be discussed in this forum. I think that would be beneficial for all.

[post script]
It looks as if I need to make some changes to the Drupal installation. The security settings for example, and I need to allocate a secondary domain for media submissions. It may take a while for me to make these changes. I'm going to have to review the permissions as well.. We could use this thread for discussion. or the open board on Crypto Coin Tree. Alternatively, I could install a blab chatroom.

[bitmover]

I just made my first post, where I pointed out 3 altcoins I believe are interesting.
I have also explained why I chosed one of them. I hope I can write something about the other 2 I have in mind.
http://cryptocointree.com/clubroom/node/7

[Jet Cash]

That looks interesting, and it is the sort of coin that I want to consider as a speculative investment. Coins with a real use and benefit other than the creation of wealth for the implementation team, are the ones to look at in my opinion.

BAT is interesting, and The Crypto Coin Tree is Brave Rewards verified. Are you using the Brave browser?

[bitmover]

That looks interesting, and it is the sort of coin that I want to consider as a speculative investment. Coins with a real use and benefit other than the creation of wealth for the implementation team, are the ones to look at in my opinion.

BAT is interesting, and The Crypto Coin Tree is Brave Rewards verified. Are you using the Brave browser?

Yes, BAT is for sure one of the top projects out there, and I pointed out as one of the 3 projects I suggested in the club. I have read a lot about BAT and I bought some few time ago. BAT has a good  valuation over BTC as well.

I don´t use Brave Browser, as I find Firefox much better. Unfortunately, Firefox has a bigger developer team, with more frequent updates and new features. Firefox is in my opinion a much better browser (as long as you use the proper addons as I pointed out here).

Anyway, BAT is an amazing project as it aims to fix online advertising monopoly and costs distribution (which are all on the internet provider and on the user experience, and Google/Facebook have zero costs).

I don´t think BAT depends on Brave browser. Actually, I believe Brave is much smaller than BAT, and BAT must be usable outside Brave, as a firefox/chrome/edge/safari addon or something like that. That´s the only downside of the project IMO.


Other topic: I was thinking about adding Gold/Silver or other commodities to the investment club, however I don´t know how it would be possible with BTC. Any ideas?


Edit: Jet Cash, maybe you can create a topic in Ivory Tower, or here in Securities, about the projects that have potential for investment?

[Jet Cash]

The problem with gold and silver is the tax situation in the UK. I can buy gold Sovereigns and Britannias, and they are exempt from VAT and gains tax, The silver ones aren't though. I might buy a sovereign to provide a less speculative base value for the coins. I haven't yet worked out how to tokenise the assets. There are some stock exchange blockchains on the way, so they might be worth watching.

[ADDITION]

This project has been a bit slow in starting, but it seems to be moving ahead. I've set up a Blab chat room for the pre-investment chat, and for discussion about the tokenisation of the securities. This is a private room, but public posts will be in the Bitcoin Talk forum, and on The Crypto Coin Tree.

[Jet Cash]

A few days ago I put £102 into a Coinbase account for the club, and I opened a couple of positions. One was at £2,998, and that has triggered at what appears to have been the day's low, So the current position of the club is -

Assured Tokens issued: 10200
Bitcoin held: 0.015
Sterling held: £1.99
Open buy order: Bitcoin 0.02 @ £2.751

I believe that we are still in a bear market, but with periods of volatility. I may open a sell position to take a short term profit during this period.

I know this is pretty small beer, but I'm enjoying the learning process at the moment.

I've also picked up 14.25 in BAT, but part of that is for Fit to Talk, so I may keep that to cover costs. I've started the shop,and added a couple of domain names to it. If they sell through the club, then 10% of the sale price will go towards paying a dividend to club members for their investments.

I've opened a Dash wallet, but I'm still reviewing investment in this.

[Jet Cash]

Wow - Bitcoin at £3,000, and I was thinking of selling. I'm struggling to pick up Bitcoin at under £8,000 at the moment.

I gave up on Dash, but I seem to be collecting Basic Attention Tokens for my content and browsing. I've also picked up over 500 free Bit Blocks. I thought that was an interesting project, but it doesn't seem to be doing much at the moment. I haven't looked at Steem for months, and I got a bit of money in that project.

cPanel is increasing it's licence fees in September, and that is going to have a massive impact on me. I'll probably put more sites on my VPS, and I would like the Crypto coin tree to be one of those. I still like the concept of creating a tokenised security, and paying dividends based on a small listing fee from members sales through a classified adds site. I'll probably update the site next month, and try to move forward with the project.