datz (OP)
Sr. Member
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Activity: 295
Merit: 250
"to survive, we must live and fly"
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June 13, 2011, 09:38:45 AM |
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Small and mid cappers:
In order to survive in this beginning-user driven environment we will have to band together and start a hedge fund with experienced real traders at the helm. Otherwise, we will be at the sheer mercy of the big holders who can cash out and buy at any time and move the market while we helplessly stand by and watch.
We are starting a fund that invests in new BitCoin startups as well as the currency itself. We need a five person team. Two traders, a manager (withdraws and transfers requested funds), a strategist, and an entrepreneur in residence. We need BTC commitments as well. To do that we need CVs from management team leaders.
We are interviewing now.
PM me. We need good, honest people. We will not be victims.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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NetTecture
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June 13, 2011, 10:11:04 AM |
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Small and mid cappers:
In order to survive in this beginning-user driven environment we will have to band together and start a hedge fund with experienced real traders at the helm. Otherwise, we will be at the sheer mercy of the big holders who can cash out and buy at any time and move the market while we helplessly stand by and watch.
We are starting a fund that invests in new BitCoin startups as well as the currency itself. We need a five person team. Two traders, a manager (withdraws and transfers requested funds), a strategist, and an entrepreneur in residence. We need BTC commitments as well. To do that we need CVs from management team leaders.
We are interviewing now.
PM me. We need good, honest people. We will not be victims.
I hate to say, this is delusional. * Even with an experienced trader at the helm (which you could not pay to start with - ever seen what raders earn?) you would STTILL be at the sheer mercy of the big holders who can cash out and buy at any time and move the market while you helplessly stand by and watch. Or do you want to put some millions into an emergency stabilisation fund that are at mtgox waiting for some big sell roders to come through? Plus at the other side - I know a LOT of people who could move th market up up up JUST by their monthly income. This simply is a small immature market with very little liquidity. As can be seen in nearly no BTC based startups per definition - and no, a sop accepting BTC is not BTC startup  Your 5 people are either amateurs, or cost you millions a year. There is nothing you can do - there are some realyl righ BTC people aroun from the start that accumulated and they will cash out. Jumps WILL happen at this point, you will NOT control them or make them easier. The hope is that an economy starts and slowly they get better... in 2-3 years. For that, we just have to wait. The hugh accumulations must diitribute, more people start using coins are currency. The value get up per coin by a factor of 100 or more. |
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datz (OP)
Sr. Member
Offline
Activity: 295
Merit: 250
"to survive, we must live and fly"
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June 13, 2011, 10:27:54 AM |
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With enough BTC ($50,000) we would have more protection against large movers. They will have less individuals to sell to. We will prevent complete liquidity if need be. Managers do not get paid by salary. They take a small percentage of earnings. This is a progressive fund that will give small cappers the opportunity to invest in great new, innovative start ups. Take your cynacism somewhere else. The best ideas always get criticized and people like you eat their words.
Wake up.
Money speaks louder than words.
Datz
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NetTecture
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June 13, 2011, 10:50:11 AM |
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With enough BTC ($50,000) we would have more protection against large movers. They will have less individuals to sell to. We will prevent complete liquidity if need be. Managers do not get paid by salary. They take a small percentage of earnings. This is a progressive fund that will give small cappers the opportunity to invest in great new, innovative start ups. Take your cynacism somewhere else. The best ideas always get criticized and people like you eat their words.
Wake up.
Money speaks louder than words.
Datz
Ouch. Delusions. * %0.000 us not enough. Look at the volume. It isnice in off areas, but not major movement points. * paying manages a percentage is delusional. Go for hippies and hobbyists. Yes, managers normally earn a percentage. On multi million funds. Your percentage does not even pay a luch per day. |
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awozny
Member
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Activity: 75
Merit: 10
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June 13, 2011, 10:53:45 AM |
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I would have to agree with NetTecture. I am a FOREX trader. This market is small potatoes to the real monetary players. One motivated institutional investor has more money than we could defend against period. Institutional investors play in the realms of 100's of millions of dollars if not billions. A couple hundred million is the total bitcoin economy. There are as of yet no BIG players here, for a good reason to them this is just not worth the time. I wish there was some way to defend against the big dogs, but without being one yourself you can not. The best we can strive for is solid understanding of trends and the fundamental market forces. Learn how to use MACD, RSI, Fibonacci to name a few.. then ride the wave all the way when it starts to move. In FOREX not even the biggest players can substatially move the market because the market is SOOOO huge..Bitcoins does not have that protection. When traded in the proper environment you can make money if the market is either bearish or bullish. Knowledge is power. Learn to trade properly and you can benefit when the big dogs start to bark.
Peace.
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imanikin
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June 13, 2011, 11:09:25 AM |
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Sorry dude: this has a whiff of Nerd to it. Use Google Translate. Maybe if some really big, high-reputation Bitcoin nicks got behind it...  |
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awozny
Member
Offline
Activity: 75
Merit: 10
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June 13, 2011, 11:12:13 AM |
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I think your idea could work with a little modification. Instead of the idea of a hedge fund , make it a training venture. Coordinate people to consult with experienced traders that can mentor them in the fundamentals of market forces. Experienced traders could sent PM's, text messages, emails, or whatever to their class when they find good investments or when the market is likely to move. Just take a look at all the FOREX services out there. None have been adapted to this market yet. Good opportunity.
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itsagas
Newbie
Offline
Activity: 59
Merit: 0
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June 13, 2011, 11:28:58 AM |
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I think this would be classed as VC fund (venture capital), but at 50k, it is an Angel investment fund. Not a hedge fund.
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datz (OP)
Sr. Member
Offline
Activity: 295
Merit: 250
"to survive, we must live and fly"
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June 13, 2011, 09:25:19 PM |
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Relative to the small size of the market, it is a hedge fund. This is nothing like Nerd, it is a fund that invests in projects that create value.
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Capitan
Member
Offline
Activity: 112
Merit: 10
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June 13, 2011, 09:33:51 PM |
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Small and mid cappers:
In order to survive in this beginning-user driven environment we will have to band together and start a hedge fund with experienced real traders at the helm. Otherwise, we will be at the sheer mercy of the big holders who can cash out and buy at any time and move the market while we helplessly stand by and watch.
We are starting a fund that invests in new BitCoin startups as well as the currency itself. We need a five person team. Two traders, a manager (withdraws and transfers requested funds), a strategist, and an entrepreneur in residence. We need BTC commitments as well. To do that we need CVs from management team leaders.
We are interviewing now.
PM me. We need good, honest people. We will not be victims.
I hate to say, this is delusional. * Even with an experienced trader at the helm (which you could not pay to start with - ever seen what raders earn?) you would STTILL be at the sheer mercy of the big holders who can cash out and buy at any time and move the market while you helplessly stand by and watch. Or do you want to put some millions into an emergency stabilisation fund that are at mtgox waiting for some big sell roders to come through? Plus at the other side - I know a LOT of people who could move th market up up up JUST by their monthly income. This simply is a small immature market with very little liquidity. As can be seen in nearly no BTC based startups per definition - and no, a sop accepting BTC is not BTC startup Your 5 people are either amateurs, or cost you millions a year. There is nothing you can do - there are some realyl righ BTC people aroun from the start that accumulated and they will cash out. Jumps WILL happen at this point, you will NOT control them or make them easier. The hope is that an economy starts and slowly they get better... in 2-3 years. For that, we just have to wait. The hugh accumulations must diitribute, more people start using coins are currency. The value get up per coin by a factor of 100 or more. Good post. |
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testerx
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June 13, 2011, 11:32:49 PM |
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This is delusional because decent hedge fund managers charge a standard of 2/20 on at least a billion dollars at a time. That's a 2% annual fee plus 20% of all earnings. Even on the smallest of funds that's a $20 million minimum fee. Unless you're so well off that you can cough up those kinds of fees you're not going to be hiring anybody with any legitimate experience.
The entire bitcoin economy as of right now is not enough money to start a single hedge fund with.
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