GBBG Bitcoin Fund

[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.