[ANN] BLUE MAGIC Capital: Blockchain investing firm (hedge funds in ICONOMI)

[FrankPM]

Please be carefull with just following the portfolio of bluemagic.

What I think could happen:

Bluemagic decides that coin xyz is a good coin and they buy the coin
Due to that action the coin goes up
People who follow the portfolio of bluemagic decide to do the same: depending on how fast you follow you buy in on the coins while the price goes up more and more
Result: you buy in on the coin while the price is rising or high

Bluemagic sees the price going up and decides to sell the coin for profit
Due to that action the coin goes down
People who follow the portfolio of bluemagic decide to do the same: depending on how fast you follow you sell the coins while the price goes down
Result: you sell the coin while the price is going down or low

Need I say more?

Correct, that could apply to a low marketcap coins, specially those ones of extreme fund and much probably Extreme funds will not be public information in the future because of this factor (possibility to do a P&D scheme)

But for all the other ones, you should need a really big bunch of $$ to make this process happen (10-20M at least). Let's be sincere, not so many people is looking at Blue Magic right now.  

Even with that, this is not the same as wall st. behaviour? I think we all know where are the best investors and companies positioned in and what happens when they move on... It's just called market power or market influence and you cannot control that  

[stenkross]

A really interesting project.
I found out about it through one of Marc de Mesel's youtube videos where he mentions you guys.

Since a couple days back I have put a few % of my investment portfolio into the same assets & distribution as your dynamic fund.
I do have one question though, is there any way of getting a notification when you update your portfolio?
I already follow you on twitter and have this thread on watchlist, but maybe there's a better way?

Cheers!

[SimonV]

A really interesting project.
I found out about it through one of Marc de Mesel's youtube videos where he mentions you guys.

Since a couple days back I have put a few % of my investment portfolio into the same assets & distribution as your dynamic fund.
I do have one question though, is there any way of getting a notification when you update your portfolio?
I already follow you on twitter and have this thread on watchlist, but maybe there's a better way?

Cheers!

We are working on a Newsletter, when it's ready you just have to subscribe and all the reports/movements/assets reviews will be send to you (At the moment we posted them on Twitter, Facebook and Telegram ).

[Gillette]

Please be carefull with just following the portfolio of bluemagic.

What I think could happen:

Bluemagic decides that coin xyz is a good coin and they buy the coin
Due to that action the coin goes up
People who follow the portfolio of bluemagic decide to do the same: depending on how fast you follow you buy in on the coins while the price goes up more and more
Result: you buy in on the coin while the price is rising or high

Bluemagic sees the price going up and decides to sell the coin for profit
Due to that action the coin goes down
People who follow the portfolio of bluemagic decide to do the same: depending on how fast you follow you sell the coins while the price goes down
Result: you sell the coin while the price is going down or low

Need I say more?

Correct, that could apply to a low marketcap coins, specially those ones of extreme fund and much probably Extreme funds will not be public information in the future because of this factor (possibility to do a P&D scheme)

But for all the other ones, you should need a really big bunch of $$ to make this process happen (10-20M at least). Let's be sincere, not so many people is looking at Blue Magic right now.  

Even with that, this is not the same as wall st. behaviour? I think we all know where are the best investors and companies positioned in and what happens when they move on... It's just called market power or market influence and you cannot control that  

Frank Abagnale, where have you disappeared?

[Johnny00]

Please be carefull with just following the portfolio of bluemagic.

What I think could happen:

Bluemagic decides that coin xyz is a good coin and they buy the coin
Due to that action the coin goes up
People who follow the portfolio of bluemagic decide to do the same: depending on how fast you follow you buy in on the coins while the price goes up more and more
Result: you buy in on the coin while the price is rising or high

Bluemagic sees the price going up and decides to sell the coin for profit
Due to that action the coin goes down
People who follow the portfolio of bluemagic decide to do the same: depending on how fast you follow you sell the coins while the price goes down
Result: you sell the coin while the price is going down or low

Need I say more?

Correct, that could apply to a low marketcap coins, specially those ones of extreme fund and much probably Extreme funds will not be public information in the future because of this factor (possibility to do a P&D scheme)

But for all the other ones, you should need a really big bunch of $$ to make this process happen (10-20M at least). Let's be sincere, not so many people is looking at Blue Magic right now.  

Even with that, this is not the same as wall st. behaviour? I think we all know where are the best investors and companies positioned in and what happens when they move on... It's just called market power or market influence and you cannot control that  

Frank Abagnale, where have you disappeared?

he posts on his website on hits blog as well  http://bluemagic.info/blog/

[Arvydas77]

I'm following this interesting project for sometime. While I have my own trading and investing strategy I agree with Frank regarding Bitcoin but I'm not sure about ETH. It has more scaling issues than Bitcoin. Despite that ETH was strengthened by many attacks on the project, so there is room for better results. But I still think that ETH is not suitable as a global TX network. I will go with NEM for that.

[FrankPM]

I'm following this interesting project for sometime. While I have my own trading and investing strategy I agree with Frank regarding Bitcoin but I'm not sure about ETH. It has more scaling issues than Bitcoin. Despite that ETH was strengthened by many attacks on the project, so there is room for better results. But I still think that ETH is not suitable as a global TX network. I will go with NEM for that.

True, with current state ETH also may have scaling issues in 1-2 years. Difference is that ETH has a strong leadership that can execute fast the scaling solution they believe oportune, while BTC will be stuck in the same debate for a long time. One can say that this means that ETH is more centralized than BTC. True, but the big money is going to ETH, and will keep going to ETH, so it would be foolish to ignore that and not profit from this situation. We have to remember that ETH token value represents the entire Ethereum network, and it has the potential to be much much bigger than BTC network. 

[Arvydas77]

Very much uncertainty again with the rise of Bitcoin price. I was waiting for correction as well but I have spotted that every new time BTC dumps the price of it recovers more quickly. It seems that ETF drama brought a lot of attention from media and WSJ type guys started to invest into Bitcoin. While I still think that this growth is speculative next week we can see some correction in BTC price. If not, and BTC again goes through ATH I suppose that altcoins will suffer hard. 

[Ryan Dugan]

What do mean when you say legal and easy ? How is it legal ? In what way ? Does it mean The investment is safe and protected by some sort of legal system so you can't run ? You are the dev of iconomi ?

[Gillette]

Hey Frank!

What do you think about BLOCK? https://bitcointalk.org/index.php?topic=829576.0

[msmde]

the chat link in OP doesn't work - can someone please post a working one? thanks!

got it working

[Gillette]

Hey Frank!

What do you think about BLOCK? https://bitcointalk.org/index.php?topic=829576.0

Told you man to fill you bag with BLOCK. Look how it is booming! 

[l3sny]

@FrankPM
Any comments on recent SYS tweet? I cannot find anything.

https://twitter.com/syscoin/status/859666592832958465

Blue Magic is awesome!

[DutchCoiner]

BMC is doing a good job. Making nice profits. Continue the good work!

[c4s7or]

Already up 100% and I was too slow to buy cheap. The same with FLO 

[Semius]

Hello i am new and i have one question. Where can i buy that cryptocurrencies and where can i stock it?

[cryptodoge64]

Should we wait for a new blog post to update our funds to match yours or do you announce somewhere else faster? Good luck with your investments!

[TKeenan]

Been following your funds and so far, good work!

Have you heard of CoinDash yet? From what I've read people would be able to follow you and pay (with you getting a cut) to copy your buy/sell calls. Sounds like it would accomplish the same thing as Iconomi. Guess we'll have to wait and see what they're both like once they're released.

[Johnny00]

Been following your funds and so far, good work!

Have you heard of CoinDash yet? From what I've read people would be able to follow you and pay (with you getting a cut) to copy your buy/sell calls. Sounds like it would accomplish the same thing as Iconomi. Guess we'll have to wait and see what they're both like once they're released.

Pretty much pump group? Think about it. He posts a trade and if it's low volume price will jump. He then sells. Be careful

[vinnyfraser]

Been following your funds and so far, good work!

Have you heard of CoinDash yet? From what I've read people would be able to follow you and pay (with you getting a cut) to copy your buy/sell calls. Sounds like it would accomplish the same thing as Iconomi. Guess we'll have to wait and see what they're both like once they're released.

Pretty much pump group? Think about it. He posts a trade and if it's low volume price will jump. He then sells. Be careful

You're really stupid if you actually believe that.

 Check the history of BMC movements. Not once has there be a dump after BMC buys a coin.