GBBG Bitcoin Fund

[aussie_striker]

An Exclusive Bitcoin Portfolio for ALL GBBG Members

On April 1st, 2013, GBBG will open the trading floor to buy and sell GBBG Bitcoin Fund shares. Right now as a GBBG member you have the exclusive opportunity to snatch up shares at the introductory price of 0.25 bitcoins for each share.


Fund Objectives

•    Arbitrage (Buying/Selling bitcoins)
•    Capital Placements (bitcoin Startups)
•    Options (Bitcoin Options)
•    Revenue Participation (Revenue Share Arrangements)
•    Bitcoin Value Inflation

Participant Opportunities

•   Trade Shares (Buy/Sell Fund Shares)
•   Long-term Growth (Hold Shares for Long-term Growth)
•   Reinvestment Pool (Reinvest Other GBBG Earnings)
•   Anonymity (Anonymous Participation)
•   Liquidity (Cash Out Quickly)

Fund Basics

The GBBG Bitcoin Fund is a pooled collection of bitcoins contributed by all participants and deployed in mass for the goal of growth and return. The fund managers will methodically seek out opportunities through a) Arbitrage – the buying and selling of bitcoins; b) BTC Capital Placements – placing bitcoins into startups that are rooted in the bitcoin economy; c) Options – bitcoin related option markets; e) Revenue Participation – entering bitcoin revenue sharing agreements with businesses profiting through the bitcoin economy. The fund seeks to invest solely in the form of bitcoins and produce returns solely in the form of bitcoins.

This is NOT a financial instrument, banking instrument, or security. The GBBG Bitcoin Fund is entirely based in the bitcoin economy and ALL trades will be performed in bitcoins. Participants will purchase shares using bitcoins and receive bitcoins when selling shares. The fund will strategically place bitcoins into carefully selected opportunities that are designed to produce positive results.

The value of fund shares may rise or fall, depending upon several factors which include, but are not limited to a) the bitcoin market; b) the success or failure of opportunities taken; b) the success or failure of bitcoin startups; c) the success or failure of bitcoin revenue sharing ventures; d) the success or failure of Bitcoin as a digital currency.

The fund managers will make every reasonable attempt to place bitcoins into solid, dependable opportunities that have been thoroughly investigated, vetted, and assessed. The primary philosophy will center around arbitrage and revenue share potentials and risk analysis.

Participants may purchase or sell shares in the fund freely with the only restriction being a fixed daily trade settlement time. Therefore, all fund share trades (buy or sell) will be conducted at 8:10 AM (EDT) for all requests received during the 24 hours prior to 8:00 AM (EDT). The share price for all trades will be calculated based on the closing net asset value per share as reflected at 7:59:59 AM (EDT) on the same day when said trades settle. There will be an additional 2% purchase fee when buying shares.


Introductory Offer Price

0.25 BTC per Share (through April 1st, 2013)
Trading Begins

April 1, 2013

Share Purchase Fee: 2%

Share Sales Fee: 0%

Open to ALL Members (Applicant, Reserve, Founder)

Become a member now to participate
http://bit.ly/bitbillions

[1715652589]

1715652589

[🏰 TradeFortress 🏰]

Cool, thanks for placing this in the right section (gambling).

[aussie_striker]

I'm surprised there has not been any discussion on this. Is it too legit for people on here to look at?

[John (John K.)]

I'm surprised there has not been any discussion on this. Is it too legit for people on here to look at?

Quite the opposite I would say. It reeks so much of HYIP that no one's the bit inclined to take a look at this.

[001sonkit]

I'm surprised there has not been any discussion on this. Is it too legit for people on here to look at?

Quite the opposite I would say. It reeks so much of HYIP that no one's the bit inclined to take a look at this.

Really looks like an MLM/HYIP, bunch of text, listing earning tiers, and a pay now button. Expecting his username turns into pirateat50 soon.

BTW is this count as a topic duplication?
Isnt is says i thread per site only?

[John (John K.)]

I'm surprised there has not been any discussion on this. Is it too legit for people on here to look at?

Quite the opposite I would say. It reeks so much of HYIP that no one's the bit inclined to take a look at this.

Really looks like an MLM/HYIP, bunch of text, listing earning tiers, and a pay now button. Expecting his username turns into pirateat50 soon.

BTW is this count as a topic duplication?

I don't know - they're from different users although I suspect they're the same person... 

[🏰 TradeFortress 🏰]

I'm surprised there has not been any discussion on this. Is it too legit for people on here to look at?

Quite the opposite I would say. It reeks so much of HYIP that no one's the bit inclined to take a look at this.

Really looks like an MLM/HYIP, bunch of text, listing earning tiers, and a pay now button. Expecting his username turns into pirateat50 soon.

BTW is this count as a topic duplication?
Isnt is says i thread per site only?

Aren't you the spammer that was PMing for people to buy up accounts?

Btw, http://764b85kbhgw-sn90ykvpfsdfs6ffnvl.hop.clickbank.net/, sounds legit.

[001sonkit]

1; Yes I was

2; Seems your Clickbank link have deactivated. But BitBillions sounds like something in ClickBank. Wonder if anybody is so "smart" to buy clickbank things

(wait.... are we a bit off-topic for now?)

[poly]

This topic is off-topic in every board except the trashcan.

[aussie_striker]

I'm surprised there has not been any discussion on this. Is it too legit for people on here to look at?

Quite the opposite I would say. It reeks so much of HYIP that no one's the bit inclined to take a look at this.

Really looks like an MLM/HYIP, bunch of text, listing earning tiers, and a pay now button. Expecting his username turns into pirateat50 soon.

BTW is this count as a topic duplication?
Isnt is says i thread per site only?

HYIPs promise to pay a high return, usually based on a daily percentage. There is no such promise for this. If there was I would agree with you.

HYIPs will never say this as they always claim that they will always make a profit (which they never do)

The value of fund shares may rise or fall, depending upon several factors which include, but are not limited to a) the bitcoin market; b) the success or failure of opportunities taken; b) the success or failure of bitcoin startups; c) the success or failure of bitcoin revenue sharing ventures; d) the success or failure of Bitcoin as a digital currency.

I must say it amazes me that most people here are quite happy to throw money into a lotto system or a game where 98% of people lose all the money they put in it, yet they look at this and wont even consider putting anything in to even give it a go on the chance it might be good. It is amazing you guys even have bitcoins as many people still consider bitcoins to just be a big ponzi system. I am not one of them but since promoting bitbillions I have had at least half a dozen people say they would not get involved because it was using bitcoins and they don't trust them.

[001sonkit]

then why dont you just make your site less HYIP/Clickbank -ish by saving your bit billion-words on your homepage and just write a simple contract within 2 A4 paper or throw an IPO on Bitcoin exchange sites to gather funds up?

[🏰 TradeFortress 🏰]

Stop bumping this thread and let it die out.

[aussie_striker]

then why dont you just make your site less HYIP/Clickbank -ish by saving your bit billion-words on your homepage and just write a simple contract within 2 A4 paper or throw an IPO on Bitcoin exchange sites to gather funds up?

Well it is not my site but I don't think it looks like a hyip at all. There is nothing there like a hyip as I mentioned before. As for clickbankish, I don't even know what you mean by that.

As for the IPO on exchange, hey I know nothing about them either, is that possibly something they might be investing in?

I did not post the fine print before because I didn't think it worth doing so but hearing the crap you guys are asaying about it I challenge you to find a hyip/scam that puts a disclosure like this on the page

RISKS & UNCERTAINTIES

Information contained within and appearing on our website is gathered from publicly available sources, including Bitcoin blogs and forums, and where possible, directly from Bitcoin related companies themselves, and gbbg insiders. Site users should therefore familiarize themselves with all risks and information regarding Bitcoin and the Bitcoin economy.

The information you find on pages related with the GBBG Bitcoin Fund may, and often does, include forward-looking statements that involve risks and uncertainties. The fund’s actual results could differ materially from those described in any forward-looking statements or announcements discussed herein.

Participation in the GBBG Bitcoin Fund carries a high degree of risk which may result in participants losing all or part of their invested bitcoins. Please keep in mind that the fund’s past performance, including the performance of its share price, does not guarantee future results.

THIS IS NOT AN OFFER OR SOLICITATION TO BUY/SELL SECURITIES

The material presented on our website is for informational purposes only and should not be construed as an offer, or solicitation of an offer, to buy or sell securities either generally or in any state or other jurisdiction where the offer or sale is not permitted.

Advertisements and listings on pages related with the GBBG Bitcoin Fund do not constitute solicitations or recommendations to buy, sell or hold securities and do not provide an analysis of the condition of the fund. We recommend you use the information found on our site as an initial starting point for conducting your own research on the advertised and/or listed opportunity in order to determine your own personal opinion of the fund before placing your bitcoins into the fund.

WE ARE NOT BROKERS and WE DO NOT HAVE FINANCE/MARKET-RELATED LICENSES

Neither bitbillions.com, nor its parent, GBBG, nor affiliate sites are licensed brokers, broker dealers, market makers, investment bankers, investment advisors, analysts or underwriters. We do not offer or sell securities or investment products at all.

Site users should consult with their own professional investment, tax and portfolio advisors before making any decision related to participation in Bitcoin, bitcoins, the Bitcoin economy, or the GBBG Bitcoin Fund, and should independently verify all information herein. Reading advertisements and/or listings on our website shall not create under any circumstances any principal-agent relationship between the reader and us. All information contained on pages related with bitbillions.com, GBBG, or the GBBG Bitcoin Fund are entirely related with Bitcoin, bitcoins, and the Bitcoin economy. Participants understand they are not making a financial investment or purchasing any products or services with a financial instrument. All activities and related functions are conducted in the manner of exchanging bitcoins between parties. Bitcoin, bitcoins, and the GBBG Bitcoin Fund are highly risky endeavors and are based on a complex, computer-generated, peer-to-peer, decentralized market. Bitcoin, bitcoins, and the GBBG Bitcoin Fund are not licensed, governed, guaranteed, insured, or protected by the laws or jurisdiction of any regulatory or governmental organization. Participants in the GBBG Bitcoin Fund acknowledge they are placing bitcoins into the fund at great risk of losing all or part of their bitcoins. Participants in the GBBG Bitcoin Fund further acknowledge bitcoins are NOT a financial instrument or currency issued by or regulated by the laws or jurisdiction of any monetary regulatory or governmental organization.

[Vladimir]

Why bother? Now anyone can cut out all the leaches and simply hold some BTC.

THIS IS BITCOIN!

[smoothie]

OP's picture sealed the deal for me. I'm keeping my bitcoins in my possession.

Counter-party risk is suicide in bitcoin.

Hold your bitcoins people.

The only reason this guy posted is because of the high price in bitcoin.

[🏰 TradeFortress 🏰]

Your current holdings and nav or GTFO.

[aussie_striker]

OP's picture sealed the deal for me. I'm keeping my bitcoins in my possession.

Counter-party risk is suicide in bitcoin.

Hold your bitcoins people.

The only reason this guy posted is because of the high price in bitcoin.

What or who is is OP?

[🏰 TradeFortress 🏰]

OP's picture sealed the deal for me. I'm keeping my bitcoins in my possession.

Counter-party risk is suicide in bitcoin.

Hold your bitcoins people.

The only reason this guy posted is because of the high price in bitcoin.

What or who is is OP?

You. Original poster

Current holdings, NAV?

[aussie_striker]

OP's picture sealed the deal for me. I'm keeping my bitcoins in my possession.

Counter-party risk is suicide in bitcoin.

Hold your bitcoins people.

The only reason this guy posted is because of the high price in bitcoin.

What or who is is OP?

You. Original poster

Current holdings, NAV?

Ahh, thanks for that I have seen OP posted a few times, it is an acronym I hadn't come across before. Now you throw another at me, what is NAV?

[Vladimir]

Ahh, thanks for that I have seen OP posted a few times, it is an acronym I hadn't come across before. Now you throw another at me, what is NAV?

Case closed.

[aussie_striker]

OP's picture sealed the deal for me. I'm keeping my bitcoins in my possession.

Counter-party risk is suicide in bitcoin.

Hold your bitcoins people.

The only reason this guy posted is because of the high price in bitcoin.

What or who is is OP?

You. Original poster

Current holdings, NAV?

Ahh, thanks for that I have seen OP posted a few times, it is an acronym I hadn't come across before. Now you throw another at me, what is NAV?

Alright I looked it up and it is Net Asset Value. Well I don't know because the company has not posted that. The fund, although open for members to buy initial shares now at 0.25 BTC each, has not really started though so I don't know if there would be a NAV. You guys tell me, I'm only posting what is on the site. The only sorts of fund shares I have been involved with before are unit trusts through fund managers. Not sure how much different this would be. I do know someone that bought 20 shares though. There is nothing that shows how many shares have been bought, maybe that will change in April.

On April 1st, 2013, GBBG will open the trading floor to buy and sell GBBG Bitcoin Fund shares. Right now as a GBBG member you have the exclusive opportunity to snatch up shares at the introductory price of 0.25 bitcoins for each share.

[MPOE-PR]

I'm surprised there has not been any discussion on this. Is it too legit for people on here to look at?

No, just too retarded. Also, there's so many of you people.

Alright I looked it up and it is Net Asset Value.

Case in point. Get lost before you fall on something and hurt yourself.

[aussie_striker]

I'm surprised there has not been any discussion on this. Is it too legit for people on here to look at?

No, just too retarded. Also, there's so many of you people.

Alright I looked it up and it is Net Asset Value.

Case in point. Get lost before you fall on something and hurt yourself.

Case in point there is many things that NAV could mean, in my work it stands for Navigation.

[🏰 TradeFortress 🏰]

NAV does not stand for navigation when the subject is a fund found.

[aussie_striker]

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.

[🏰 TradeFortress 🏰]

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!

And is entirely made up, because most of the 0.25 BTC goes to pay affiliates anyway.

[aussie_striker]

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!

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.

 

[🏰 TradeFortress 🏰]

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!

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.

 

Then why do people have referral links

[aussie_striker]

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!

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.

 

Then why do people have referral links

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.

[aussie_striker]

NAV does not stand for navigation when the subject is a fund found.

Do you have a spelling problem Tradefortress. Most people cross off the incorrect word not the correct one? I guess it is just another attempt at humour on your part, only problem is it makes no sense.

[aussie_striker]

There is a Fund Performance page on the site so here are some stats
As of 23Mar13 the figures for the fund

BTC Invested 39.42

Shares 151.84

NAV/Share 0.2596

USD/Share $16.62

The USD/Share will have gone up as that is basically linked to bitcoin price which is higher than on the 23rd.

Note Shares cost 0.25 until 1st April

In the footer of the site it shows the GBBG figures as 
NAV/Share
0.26124492 BTC
$18.55 USD

I think this is more up to date than the charts but I do not know if it is live data or when it is updated.

[aussie_striker]

Fund Performance (noting that it doesn't officially launch till April so shares cost 0.25 till then)

As of 24Mar13 the figures for the fund

BTC Invested 48.36

Shares 185.99

NAV/Share 0.2600

USD/Share $18.59

[aussie_striker]

This is my only real connection to bitcoins and that is why my posts here are mostly to do with this site. I want the site to succeed because if it does that means I will benefit from that success as will many other members. All I am doing is posting updates from the site. Many people do the same for other sites even if they aren't the owners, why should this be any different.

Think of it this way, if I invest x amount and the site fails, then I may lose it all. But if I help the site to be successful, then I share in that success. Wouldn't you want your investment to do well?

[aussie_striker]

Fund Performance (noting that it doesn't officially launch till April so shares cost 0.25 till then)

As of 25Mar13 the figures for the fund

BTC Invested 52.56

Shares 192.86

NAV/Share 0.27250

USD/Share $20.28

[🏰 TradeFortress 🏰]

Bullshit. Holdings to back up your NAV.

[aussie_striker]

Bullshit. Holdings to back up your NAV.

What are you on about Tradefortress...if you aren't interested in it go away back to your gambling sites. This is what it shows on the site, it's as much if not more than you will get for most funds.

[aussie_striker]

Fund Performance (noting that it doesn't officially launch till April so shares cost 0.25 till then)

As of 26Mar13 the figures for the fund

BTC Invested 59.02

Shares 216.59

NAV/Share 0.27248

USD/Share $21.37

[aussie_striker]

Fund Performance (noting that it doesn't officially launch till April so shares cost 0.25 till then)

As of 27Mar13 the figures for the fund

BTC Invested 65.48

Shares 240.07

NAV/Share 0.27274

USD/Share $24.28

[🏰 TradeFortress 🏰]

Shares: 240.07

Congrats, you are now on my ignore list for total stupidity at making up imaginary numbers.

[aussie_striker]

Shares: 240.07

Congrats, you are now on my ignore list for total stupidity at making up imaginary numbers.

Good, your stupidity at thinking me posting numbers from a website means I am making them up is laughable. I can't say that the website is not making them up, but when I see posts on facebook and other places from people that are involved saying they have deposited, I see no reason to doubt their authenticity. Add the growing number of donations on the gofundme page and the more you say it must be fake numbers, the more it seems you are ignoring the facts.

[aussie_striker]

As of 28Mar13 the figures for the fund

BTC Invested 74.35

Shares 268.97

NAV/Share 0.27646

USD/Share $23.71

[aussie_striker]

As of 29Mar13 the figures for the fund

BTC Invested 78.28

Shares 281.71

NAV/Share 0.27790

USD/Share $25.01

[aussie_striker]

As of 30Mar13 the figures for the fund

BTC Invested 82.50

Shares 295.46

NAV/Share 0.27925

USD/Share $25.75

[aussie_striker]

As of 01Apr13 the figures for the fund

BTC Invested 96.74

Shares 352.23

NAV/Share 0.27466

USD/Share $28.43

[aussie_striker]

Been busy the last few days. Here's the current fund figures

As of 04Apr13 the figures for the fund

BTC Invested 100.90

Shares 367.18

NAV/Share 0.27481

USD/Share $34.71

[aussie_striker]

As of 05Apr13 the figures for the fund

BTC Invested 104.92

Shares 367.18

NAV/Share 0.28573

USD/Share $36.68

[MPOE-PR]

But what about the found? What happened to the found?

[aussie_striker]

But what about the found? What happened to the found?

Do you have a speech impediment, what are you talking about?

[aussie_striker]

As of 07Apr13 the figures for the fund

BTC Invested 109.99

Shares 384.92

NAV/Share 0.28577

USD/Share $43.22

[aussie_striker]

Looks like this was the first time someone has withdrawn btc from the fund

As of 07Apr13 the figures for the fund

BTC Invested 103.89

Shares 363.53

NAV/Share 0.28580

USD/Share $52.62

[aussie_striker]

As of 09Apr13 the figures for the fund

BTC Invested 103.87

Shares 363.53

NAV/Share 0.28572

USD/Share $57.53

[aussie_striker]

As of 10Apr13 the figures for the fund

BTC Invested 103.21

Shares 361.24

NAV/Share 0.28572

USD/Share $67.88

Since this is figures to the 10th and the crash started then the next updates will see a big drop in USD/Share

[aussie_striker]

As of 11Apr13 the figures for the fund

BTC Invested 103.21

Shares 364.67

NAV/Share 0.28571

USD/Share $45.66

[aussie_striker]

As of 13Apr13 the figures for the fund

BTC Invested 95.90

Shares 335.65

NAV/Share 0.28573

USD/Share $30.5

[aussie_striker]

As of 14Apr13 the figures for the fund

BTC Invested 96.74

Shares 338.74

NAV/Share 0.28560

USD/Share $31.51

[aussie_striker]

As of 17Apr13 the figures for the fund

BTC Invested 97.90

Shares 342.74

NAV/Share 0.28563

USD/Share $27.02

18Apr13
All the same except
USD/Share $31.99

[aussie_striker]

As of 19Apr13 the figures for the fund

BTC Invested 100.84

Shares 353.04

NAV/Share 0.28563

USD/Share $33.79

Not a lot of movement lately but that is not surprising for a fund so new.

There is a new blog post on the site that includes a part to do with the fund. Copied below is that part;

The managers of the GBBG Bitcoin Fund have uncovered two ventures that appear to have very strong upside potential. Both of these ventures will bring real-world product distribution and online services into the bitcoin world. They are both well planned and appear to have solid management. Our organization is negotiating some technical and capital involvement with both organizations. In return, we expect revenues and profits that will be distributable to our membership. Again, these are real-world product distribution opportunities that will help to ‘legitimize’ bitcoin and give bitcoin participants places to use their bitcoins in a standard transactionary manner.

One of the major hurdles facing bitcoin as a protocol is that vendors begin to accept it as a valid form of payment. Retailers and service providers must adapt this ‘currency’ and validate it by allowing people to pay using it. One of our goals is to seek out and promote credible opportunities in this arena. Both of the opportunities mentioned above represent this. They both will offer real-world products and services that can be purchased using bitcoin. Therefore, we are excited to be working with them to bring their ideas into reality.

As you know, many of the upstarts in this economy are brand-new. There are thousands of ideas, businesses, and projects being developed by thousands of people around the world. It is only a matter of time before some leaders begin to emerge with real, tangible product and service offers accepting bitcoin as their currency. We are not far enough along in the development of our core products, or the core products of a few ventures we are partnering with to disclose certain details. Rest assured, we will provide much more information as soon as we are able. The future of bitcoin is bright in our eyes. We know there are some very good things coming down the pipeline. Our opinion is that early adopters of this protocol (such as our members) stand to benefit the most.

[aussie_striker]

As of 23Apr13 the figures for the fund

BTC Invested 110.38

Shares 386.20

NAV/Share 0.28582

USD/Share $40.79

Latest Blog post on the site regarding a promotion in May (for the site not just the Fund)


Who Will Earn BIG in May?

Posted: Tuesday, April 23rd, 2013
Category: General Info

Founder Members have an opportunity coming up in May to earn an amazing bonus. We are planning a competition for getting Founder referrals. Our leadership is discussing a few options we feel will really make our members happy. There will be prizes (in Bitcoins) for the top few members who get the most Founder referrals during May. There will also be a points system where members will earn points for each referral and extra points if their referrals donate using bitcoins. Then, we will conduct a drawing for FREE BITCOINS at the end of May. Each point earned will be an entry into the drawing.

The specific details of this opportunity will be announced on the website before May 1st. Keep your eyes open for this announcement. Also, make sure your account is upgraded to Founder status if you want to participate. You may want to be preparing your marketing tools as well. This will be a great way for many of you to profit BIG TIME in the month of May!

[WGates]

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!

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.

 

Then why do people have referral links

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

[aussie_striker]

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

Not sure I follow your thinking here as you are talking in USD and all the fund transactions are all carried out in BTC.
Let me have a go at it though.
2% is taken from deposits as you said.

As of 25Apr13 the figures for the fund

BTC Invested 111.60

Shares 387.01

NAV/Share 0.28837

USD/Share $40.88

So with 111.60 invested assuming none had been withdrawn (which there has been a little), I work out the 2% should be 2.28 BTC. It doesn't really matter what the dollar value is as that changes daily with the bitcoin price. Having said that if it was worth $160 as in your example that would make it $364.80 so pretty close to what you were saying.

I have been watching the fund and am confident in saying that double that has not gone in with half withdrawn. I say that based on the growth shown in the fund. There has been a little withdrawn as shown by the number of shares dropping on 4 occasions. If nothing went in on the days of those withdrawals there was a total of 58 shares that have been withdrawn. That would account for aproximately another 14 BTC invested which would be another 0.28 on the 2% giving a total of 2.56 BTC.

Where do they make money? You ask if it is donations. The answer to that is no. The donations are for people to take part in the revenue share which has nothing to do with the GBBG Fund and is part of the bigger picture I spose you could say. The donations currently secure a Founder or Reserve member status. People can still join free but are putting themselves behind the Founders and reserve members when the initial placements are made in July. in future there will be an annual donation required to take part in revenue share as outlined in launch plan stage 3

STAGE 3- LIFETIME ACCESS AWARD

The first 10,000 members placed into matrix positions will be granted a FREE LIFETIME MEMBERSHIP. All others must make an annual donation to GBBG to participate in monthly revenue distributions and matrix bonuses. Annual donations are not required in order to be a member of GBBG or to use our FREE products and services. Annual donations are only required to participate in revenue sharing pools and matrix bonuses.

The part that details how the fund will make money is as follows;

The GBBG Bitcoin Fund is a pooled collection of bitcoins contributed by all participants and deployed in mass for the goal of growth and return. The fund managers will methodically seek out opportunities through
a) Arbitrage – the buying and selling of bitcoins;
b) BTC Capital Placements – placing bitcoins into startups that are rooted in the bitcoin economy;
c) Options – bitcoin related option markets; e) Revenue Participation – entering bitcoin revenue sharing agreements with businesses profiting through the bitcoin economy. The fund seeks to invest solely in the form of bitcoins and produce returns solely in the form of bitcoins.

This is NOT a financial instrument, banking instrument, or security. The GBBG Bitcoin Fund is entirely based in the bitcoin economy and ALL trades will be performed in bitcoins. Participants will purchase shares using bitcoins and receive bitcoins when selling shares. The fund will strategically place bitcoins into carefully selected opportunities that are designed to produce positive results.

The last blog post already details that there is a couple of investments that are moving ahead.

The managers of the GBBG Bitcoin Fund have uncovered two ventures that appear to have very strong upside potential. Both of these ventures will bring real-world product distribution and online services into the bitcoin world. They are both well planned and appear to have solid management. Our organization is negotiating some technical and capital involvement with both organizations. In return, we expect revenues and profits that will be distributable to our membership. Again, these are real-world product distribution opportunities that will help to ‘legitimize’ bitcoin and give bitcoin participants places to use their bitcoins in a standard transactionary manner.

I hope that helps answer the questions.

[aussie_striker]

As of 27Apr13 the figures for the fund

BTC Invested 111.84

Shares 387.01

NAV/Share 0.28898

USD/Share $39.08

[aussie_striker]

As of 01May13 the figures for the fund

BTC Invested 109.53

Shares 379.06

NAV/Share 0.28897

USD/Share $34.29

[aussie_striker]

It's been awhile since I have posted and in reality anyone that registers can see the figures easily enough on the site. Still I'll try to update this now and then so people can see that it is still there.

As of 05Jun13 the figures for the fund

BTC Invested 131.41

Shares 425.08

NAV/Share 0.30913

USD/Share $37.67

In June there is a special on for Founder positions for GBBG as well which would be worth taking advantage of:

until the end of June, 2013, GBBG will be granting 4 FREE FOUNDER MEMBERSHIP UPGRADES to any member who donates $100 or more (USD) in Bitcoins or equivalent value at one time.

You can see the full details in the blog, click my link to go to the site, even if you join free you can see all the details.

[aussie_striker]

Been awhile since I posted an update, so this is a bit overdue

Performance

Total Return BTC: 12.88 % since inception

Total Return $USD: 1,915.29 % since inception

Value per Share
0.28218800 BTC
$236.59 USD

Total Shares in Fund
466.87922725 total shares owned by all participants

[MPOE-PR]

Been awhile since I posted an update, so this is a bit overdue

Performance

Total Return BTC: 12.88 % since inception

Total Return $USD: 1,915.29 % since inception

Value per Share
0.28218800 BTC
$236.59 USD

Total Shares in Fund
466.87922725 total shares owned by all participants

Dude stop lying, nobody is buying your retarded bs.

[MPOE-PR]

No let him go on, he has bs so much that I think he actually believes he is making money LOL

He should conglomerate with this other tard.

[aussie_striker]

Been awhile since I posted an update, so this is a bit overdue

Performance

Total Return BTC: 12.88 % since inception

Total Return $USD: 1,915.29 % since inception

Value per Share
0.28218800 BTC
$236.59 USD

Total Shares in Fund
466.87922725 total shares owned by all participants

Dude stop lying, nobody is buying your retarded bs.

No let him go on, he has bs so much that I think he actually believes he is making money LOL

Funny thing is all of you are waiting for me to say damn it was all a scam but instead it goes from strength to strength. You seem to forget that people here said this would disappear before June. Sorry to say you guys and girls were wrong. At current rates of growth, the parent company is about to surpass 30,000 memberships in the next few days.

Oh and although it may seem like miniscule amounts of bitcoin to you guys, I have received 11.1934736 BTC to my wallet from the company. I also have another 0.6242927 BTC in pending commissions for the month which are paid on the 15th.

So yes I would say I am making money, the only bs I have seen is the comments by MPOE-PR and some of her followers on here.

[aussie_striker]

Thought it is worth letting people know that GBBG is a silver member of the Bitcoin Foundation. For those that doubt it's legitimacy this might help you realize it is.

You can see they are a member on the Bitcoin Foundation members page https://members.bitcoinfoundation.org/current

[TheFiendishOne]

I'm curious what peoples thoughts are on this whole GBBG stuff.  If they're a scam why are they on bitcoin foundation?  That means bitcoin foundation is fake too?  and coinbase?  If a fake company ponzi HYI-whatever company is on bitcoin foundation then how legit is bitcoin foundation?  I'm new to the bitcoin scene... just wondering.   Thoughts?

[MPOE-PR]

I'm curious what peoples thoughts are on this whole GBBG stuff.  If they're a scam why are they on bitcoin foundation?  That means bitcoin foundation is fake too?  and coinbase?  If a fake company ponzi HYI-whatever company is on bitcoin foundation then how legit is bitcoin foundation?  I'm new to the bitcoin scene... just wondering.   Thoughts?

Because...that's what the Bitcoin Scamdation...is...does?

[aksplace]

I'm curious what peoples thoughts are on this whole GBBG stuff.  If they're a scam why are they on bitcoin foundation?  That means bitcoin foundation is fake too?  and coinbase?  If a fake company ponzi HYI-whatever company is on bitcoin foundation then how legit is bitcoin foundation?  I'm new to the bitcoin scene... just wondering.   Thoughts?

Because...that's what the Bitcoin Scamdation...is...does?

speaking about scams did you ever pay back the bettor who had 10 bitcoins stolen from him?

[MPOE-PR]

speaking about scams did you ever pay back the bettor who had 10 bitcoins stolen from him?

No, but I did laugh at an idiot who thought fucking up entitles him to pats on the back.