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

[SimonV]

WEEKLY REPORT 22/01/2017

https://twitter.com/bluemagicapital/status/823218149453627392

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[cryptodv]

Hope you're a good guy Frank like you said and not a mini Bernie Madoff. Good luck with Blue Magic. Seems very interesting. 

[SimonV]

REBALANCING PORTFOLIOS 25/01/2017

https://twitter.com/bluemagicapital/status/824326606651064326

[SimonV]

REBALANCING PORTFOLIOS 27/01/2017 WOW

https://twitter.com/bluemagicapital/status/825007521714757632

[SimonV]

REBALANCING 28/01/2017

https://twitter.com/bluemagicapital/status/825287746709250050

[topesis]

I have been watching this thread but what I don't understand is the frequent re-balancing done on the tokens in your portfolio, some were done as fast as 24 hour different, Why?. I will like to know the minimum BTC to join your fund

[FrankPM]

I have been watching this thread but what I don't understand is the frequent re-balancing done on the tokens in your portfolio, some were done as fast as 24 hour different, Why?. I will like to know the minimum BTC to join your fund

There has been so many rebalancing lately because of the big activity we're seeing. I've had to sell positions and buy another ones. You still cannot join the funds until Iconomi is ready. 

[5thangel]

I have been watching this thread but what I don't understand is the frequent re-balancing done on the tokens in your portfolio, some were done as fast as 24 hour different, Why?. I will like to know the minimum BTC to join your fund

There has been so many rebalancing lately because of the big activity we're seeing. I've had to sell positions and buy another ones. You still cannot join the funds until Iconomi is ready. 

i hope Iconomi platform will be ready soon...

[SeaViews]

I've been watching your investments. Very good.
One question, why haven't you invested in Iconomi? 

[estenity]

so i understand that this is a demonstration...2017 figures are already impressive, even if BTC recent evolution has helped...
but rebalancing are frequent, and a tweet is insufficient to detail...
could we have a synthesis by fund on your site ?

[DesertDuke]

Anyone, is there any software/platform out there where I can list all of my coins and input the purchase price and it will show me the current profit/loss in real/delayed time ?

[FrankPM]

I've been watching your investments. Very good.
One question, why haven't you invested in Iconomi? 

I'm personally invested in Iconomi, but in the public funds I cannot list it since it would mean some kind of investment redundance.

[FrankPM]

so i understand that this is a demonstration...2017 figures are already impressive, even if BTC recent evolution has helped...
but rebalancing are frequent, and a tweet is insufficient to detail...
could we have a synthesis by fund on your site ?

The rebalancing tweets always directs to the web section http://bluemagic.info/blog/movements/

There you can find the details the rebalance actions.

Rebalancings are not so frequent, there has been some this month because a lot of movements in the markets, but usually there's only one rebalancing in 2-3 weeks. I follow a FA buy&hold strategy and I don't need to trade a lot to get good performances. 

[muleroaa]

Anyone, is there any software/platform out there where I can list all of my coins and input the purchase price and it will show me the current profit/loss in real/delayed time ?

Might want to try Blockfolio on iOS/Android.

[estenity]

so i understand that this is a demonstration...2017 figures are already impressive, even if BTC recent evolution has helped...
but rebalancing are frequent, and a tweet is insufficient to detail...
could we have a synthesis by fund on your site ?

The rebalancing tweets always directs to the web section http://bluemagic.info/blog/movements/

There you can find the details the rebalance actions.

Rebalancings are not so frequent, there has been some this month because a lot of movements in the markets, but usually there's only one rebalancing in 2-3 weeks. I follow a FA buy&hold strategy and I don't need to trade a lot to get good performances. 

thank you, much clearer.

[PolyPanto]

Hi, I just want to summarize what I read and please let me know if I understood something wrong.
Blue magic is a financial company which is managing 3 hedge funds, where you are the only fund manager and where you are are 100% shareholder. I was not able to find any information, a company with shares means means you are registered somewhere? If yes, where. Or you are a self employed person, who is earning money by proprietary trading.
In real life to open 3 funds with all legal cover and support are not cheap, so you  took model of hedge funds and just decided to implement it to cryproworld?
In your reports, if you are consider yourself as a hedge fund company why not to start use standard ratios to show your results?
Anyways good luck with your idea!

[FrankPM]

Hi, I just want to summarize what I read and please let me know if I understood something wrong.
Blue magic is a financial company which is managing 3 hedge funds, where you are the only fund manager and where you are are 100% shareholder. I was not able to find any information, a company with shares means means you are registered somewhere? If yes, where. Or you are a self employed person, who is earning money by proprietary trading.
In real life to open 3 funds with all legal cover and support are not cheap, so you  took model of hedge funds and just decided to implement it to cryproworld?
In your reports, if you are consider yourself as a hedge fund company why not to start use standard ratios to show your results?
Anyways good luck with your idea!

Yeah it's a bit complicated.

The situation is this one: How you say, legal status of this kind of financial companies are not cheap, and for the moment I have 0 interest in wasting resources in useless bureaucratic costs.

Blue magic is not pretended to be a "classic company", but a "financial brand" composed by great autonomous investors/managers that have a common list of human good values. That is transparency, confidence, proximity, honesty, free information, help to the begginers, etc.

I know that the concept seems abstract right now, but when the Iconomi platform will be ready things will be much clearer. Iconomi will be like "the uber" of fund management, where every individual can set up his "hedge fund" without the expensive bureocratics costs of real world nor business licenses. Blue Magic objective will be to expand this "good values movement" over the financial sector and over other sectors in the future. It's a quite ambitious goal but I deeply think that is the way that "companies" shoud proceed in the future.

For the moment I'm the only fund manager in Blue Magic Capital. The three "hedge funds" you see are 100% managed and owned  by me. No external capital can enter in the funds until legal status allows me to do so. This is just a way to show and prove my management abilities before Iconomi platform is ready (6-9 months), so when it launches people can already have some historic data about manager FrankPM.

I hope it's much clear now, the concept still has to mature and there are things to modify, but I think you can perfectly understand where Blue Magic is going.  

[PolyPanto]

Hi, I just want to summarize what I read and please let me know if I understood something wrong.
Blue magic is a financial company which is managing 3 hedge funds, where you are the only fund manager and where you are are 100% shareholder. I was not able to find any information, a company with shares means means you are registered somewhere? If yes, where. Or you are a self employed person, who is earning money by proprietary trading.
In real life to open 3 funds with all legal cover and support are not cheap, so you  took model of hedge funds and just decided to implement it to cryproworld?
In your reports, if you are consider yourself as a hedge fund company why not to start use standard ratios to show your results?
Anyways good luck with your idea!

Yeah it's a bit complicated.

The situation is this one: How you say, legal status of this kind of financial companies are not cheap, and for the moment I have 0 interest in wasting resources in useless bureaucratic costs.

Blue magic is not pretended to be a "classic company", but a "financial brand" composed by great autonomous investors/managers that have a common list of human good values. That is transparency, confidence, proximity, honesty, free information, help to the begginers, etc.

I know that the concept seems abstract right now, but when the Iconomi platform will be ready things will be much clearer. Iconomi will be like "the uber" of fund management, where every individual can set up his "hedge fund" without the expensive bureocratics costs of real world nor business licenses. Blue Magic objective will be to expand this "good values movement" over the financial sector and over other sectors in the future. It's a quite ambitious goal but I deeply think that is the way that "companies" shoud proceed in the future.

For the moment I'm the only fund manager in Blue Magic Capital. The three "hedge funds" you see are 100% managed and owned  by me. No external capital can enter in the funds until legal status allows me to do so. This is just a way to show and prove my management abilities before Iconomi platform is ready (6-9 months), so when it launches people can already have some historic data about manager FrankPM.

I hope it's much clear now, the concept still has to mature and there are things to modify, but I think you can perfectly understand where Blue Magic is going.  

I see, do you plan to add more statistics and standard hedge fund ratios/charts to your reports, so it will help to observe and evaluate your performance?

[thepo1m]

I have been watching this thread but what I don't understand is the frequent re-balancing done on the tokens in your portfolio, some were done as fast as 24 hour different, Why?. I will like to know the minimum BTC to join your fund

There has been so many rebalancing lately because of the big activity we're seeing. I've had to sell positions and buy another ones. You still cannot join the funds until Iconomi is ready. 

ICONOMI team seems undecided when the platform would be ready for use, so what would happen if there is no update on when the platform would be available for public use. I think you guys need to have another back up plan

[vincentvincent]

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?