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Author Topic: [Smidge.Com] - A virtual, actively managed, multi-asset digital currency fund  (Read 28597 times)
bbxx
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August 01, 2013, 09:50:29 PM
 #81

24 btc invested, going to get 18.000 btc
Account registered after 04.2013

Can you provide any details about your team?
How old are you and do you have any knowledge about TA and markets in general?
Are you ready to public irc session where people can test you?
Ask about for example candle or triangle.


Day trading with few btc is easy, you can scalp some coins on spread...

Trading and investing 18000 btc is completly different story.

You are proud of 26% but it is done on funny volume.

When you are going to fund your efforts with investor money? 300 000 usd...

Can you provide community any evidence that you are worth this salary,
F.e. Posts on trusted forums, high quality blog posts, emails or anything....?

Why you are all in with ltc security, one only?
Rest of assets is not worth to mention, few btc here and there...
How much you got on labcoin yesterday? Did you sold in right time?
Have you put any option on btct ever?
Did you cashed out in right time of any ipo? Can you provide evidence of this ?

Most important questions:
Who will trade when you will have day off or go to the bar?
Do you have any experience with bot trading ? Both sides.
Are you using api and software with stop loss functionality?





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Smidge
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August 03, 2013, 04:26:39 AM
 #82

Hi bbxx,

24 btc invested, going to get 18.000 btc
Account registered after 04.2013

Can you provide any details about your team?
How old are you and do you have any knowledge about TA and markets in general?
Are you ready to public irc session where people can test you?
Ask about for example candle or triangle.

Day trading with few btc is easy, you can scalp some coins on spread...

I don't gamble with shareholder's funds. I am not sure if you read the previous posts, but I advise you to do so again. Knowledge, team and everything is in there.

Trading and investing 18000 btc is completly different story.

You are proud of 26% but it is done on funny volume.

That is correct, but that were the prerequisites and I made the very best out of it in one week.

When you are going to fund your efforts with investor money? 300 000 usd...

Can you provide community any evidence that you are worth this salary,
F.e. Posts on trusted forums, high quality blog posts, emails or anything....?

I put all I have into this fund as starting captial to show my personal commitment. Also, the complete management fee was reinvested last week and I plan on doing so this week aswell. As for my history, it has been answered multiple times aswell.

Why you are all in with ltc security, one only?
Rest of assets is not worth to mention, few btc here and there...
How much you got on labcoin yesterday? Did you sold in right time?
Have you put any option on btct ever?
Did you cashed out in right time of any ipo? Can you provide evidence of this ?

The deal with Ciphermine gives us high exposure to one security, as it seems. This will be evened out in the next weeks as more capital comes into the fund and we diversify further.
I was watching Labcoin pretty closely in advance, as you can also see in the documented IRC chat. The initial order was calculated based on the number of overbooked shares in order to get exactly the number of shares I aimed for. After IPO, I cashed out at .003 and .0025 to get the original investment+x back. I still got 3.500 shares as long term investment. More on that in Sunday's report.

Most important questions:
Who will trade when you will have day off or go to the bar?
Do you have any experience with bot trading ? Both sides.
Are you using api and software with stop loss functionality?

I answered this multiple times. Please read up on it, especially the questions posted by Korbman. And again, I don't day trade and I don't do automated trading aswell.


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bbxx
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August 03, 2013, 07:27:46 PM
 #83

Ok i read all your posts in this topic. I will post questions with numbers.

1.
Can you provide any details about your team?
I know only about 2 anonymous shareholders with no backround info.

2. How old are you ?
Missing

3. do you have any knowledge about TA and markets in general?
Couldnt find exact answer, maybe yes yes.

4. Are you ready to public irc session where people can test you?
Missing

5. When you are going to fund your efforts with investor money? 300 000 usd...
Your anwer is... Commitment of 34 btc? Come on...

5.Can you provide community any evidence that you are worth this salary,
F.e. Posts on trusted forums, high quality blog posts, emails or anything....?
Missing, no links no references, no quality content provided

6. Why you are all in with ltc security, one only?
Ok so you will not change that in close future...
Rest of assets is not worth to mention, few btc here and there...

7. How much you got on labcoin yesterday? Did you sold in right time?
Well done but very small commitment

8. Have you put any option on btct ever?
Missing, probably none.

9. Who will trade when you will have day off or go to the bar?
Missing exact answer

10. Do you have any experience with bot trading ? Both sides.
Ok so none.
 
11. Are you using api and software with stop loss functionality?
You dont.

Please dont say that you have answered already all questions it is not true. Look how much answers are missing. Dont mix day trading with gamble, to hold such huge wallet you have to know how to trade dynamically to not be caught with pants down. You have to be commited 24h/day. You have to know market, wchich bids/asks are made by bot, when they appear and why, and most important how to get advantage of that. You have to know then take options, when wrote it and why.

I would pay for  transparent team commited to follow market 24h/day, analyse reddit bctalk and do all above.









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August 04, 2013, 06:52:33 AM
Last edit: August 04, 2013, 10:00:27 AM by Smidge
 #84

Smidge.Com Weekly Snapshot

Quick Summary:

What a week! The market was in constant, mainly downward motion, with several IPOs and significant numbers of coins moving between assets, causing quite a few ripples. We managed to finish strong however, increasing NAV by 5.37% and fund size by 17.06%. NAV per share is also up to 0.02541 (we are currently selling at 0.02). While having to build up a few assets from our six-fold increase last week, we managed to get some interesting purchase prices during this week. This should unfold and help increase our NAV as we move forward.

Balance Sheet:
https://docs.google.com/spreadsheet/ccc?key=0AgLGW6ARhmFLdDVyLUFPYjBHX0FIWWxXTy1Bc09uaVE&usp=sharing (Please note that the format is not final, still tweaking a few things here and there. Columns "E" and "I" are hidden for a clearer view.)

Comments:

  • The initial order for Labcoin was calculated based on the number of overbooked shares to get the exact number of shares we aimed for. After IPO, we cashed out at .003 and .0025 to get the original investment back. We still have 3.500 shares in our books as long term investment
  • Ciphermine's share price has slightly recovered due to good news, but LTC/BTC was not helping
  • Management fee from this week has been fully reinvested, just like last week
  • Please note that dividends per share are still quite low and will be reinvested, this is due to the reason that we did not invest all of the additional coins. We will not invest in just anything because excess coins are available
  • Received 0.01678207 BTC in tips Smiley

On another note, I invested 0.5 BTC from my own pocket for a verification from John K (more info further up in this thread). I gave those to Smidge.Com at no cost, as promised in the BP for all fees of this type.

Starting next week, I will be making performance comparisions with the first data sets generated by DCX at http://dcx.smidge.com
DCX is an attempt at creating a reference index, more at https://bitcointalk.org/index.php?topic=267351

Again, I would like to thank everyone for the great support, criticism and questions that we received. As an investor, I know very well that new assets are not easily trusted. I hope to be able to welcome more investors on board soon!

Edit: Spelling and grammar.

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Smidge
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August 04, 2013, 08:32:03 PM
Last edit: August 05, 2013, 05:12:35 AM by Smidge
 #85

Ok i read all your posts in this topic. I will post questions with numbers.
Hi bbxx,

Thanks for your questions. I have been busy yesterday doing the weekly numbers and working on some issues at the DCX index.

1.
Can you provide any details about your team?
I know only about 2 anonymous shareholders with no backround info.

Exactly, there are two consultants and there is of course a dead man switch. This is all the info that is being disclosed, as stated in the BP: "There are two shareholders of Smidge.Com consulting him in operations and finance, who have access to documents assuring the continuity of the fund in case Smidge catches a cold, gets hit by a bus etc."

2. How old are you ?
Missing

I am 35 and I've been online building websites and being on IRC since the mid-90s. More background info here:
https://bitcointalk.org/index.php?topic=259772.msg2788731#msg2788731

3. do you have any knowledge about TA and markets in general?
Couldnt find exact answer, maybe yes yes.

Both, yes. I've been investing in stocks since 2006 and have quite some knowledge about TA and markets. I am considered by friends, family and coworkers as an expert in macroeconomics.
https://bitcointalk.org/index.php?topic=259772.msg2771971#msg2771971
https://bitcointalk.org/index.php?topic=259772.msg2788731#msg2788731

4. Are you ready to public irc session where people can test you?
Missing

Sure, why not? I am online in #bitcoin-assets and #bitfunder all the time, just msg me.

5. When you are going to fund your efforts with investor money? 300 000 usd...
Your anwer is... Commitment of 34 btc? Come on...

I am not sure I understand the question, but I think you are referring to the total NAV of the fund being much greater than my initial investment. The 900k shares are the max size of the fund, when IPOs have been done on multiple exchanges. This is pretty far down the road, we started with 315k shares as a private offering. None of those shares are owned privately, this will be post-IPO only. The funds I put in are all of the funds I had, plus I have reinvested the management fee the 3rd week in a row. There is a lot of people asking for millions and putting up hopes and dreams. I am personally invested with all my capital, plus I have pretty good results to show:

Last week's Report:
https://bitcointalk.org/index.php?topic=259772.msg2818051#msg2818051
This week's report:
https://bitcointalk.org/index.php?topic=259772.msg2863491#msg2863491

Another fund that is already post IPO is down more than 23% this week...

5.Can you provide community any evidence that you are worth this salary,
F.e. Posts on trusted forums, high quality blog posts, emails or anything....?
Missing, no links no references, no quality content provided

This is actually question 6. Yes I can, by managing the fund in the way I currently do and showing the best results I can, as you can see in the fund's performance. I also launched a community project called DCX (Digital Currency Index) at http://dcx.smidge.com that is non-profit and attempts to create a reference index. Plus, I am currently taking no salary because the management fee has been invested for the 3rd week in a row.

6. Why you are all in with ltc security, one only?
Ok so you will not change that in close future...
Rest of assets is not worth to mention, few btc here and there...

CIPHERMINE was a big deal for a small fund, I agree. But with new investors coming on board daily and an IPO, its total share will dilute to a point where it is much less significant. Also, CIPHERMINE has a great management team that I know personally and they will have some great news coming up as we move forward.

7. How much you got on labcoin yesterday? Did you sold in right time?
Well done but very small commitment

Of course it is a small commitment. I don't gamble with shareholder money.

8. Have you put any option on btct ever?
Missing, probably none.

None.

9. Who will trade when you will have day off or go to the bar?
Missing exact answer

Answered in your question 1 above.

10. Do you have any experience with bot trading ? Both sides.
Ok so none.

No, I am not interested in day trading/bot trading as stated before.


11. Are you using api and software with stop loss functionality?
You dont.

I don't. I spend as much time as I can monitoring the markets and making decisions myself, not trying to automate them. A (large) fund needs an experienced navigator, not an automated system acting upon a fixed set of rules.


Please dont say that you have answered already all questions it is not true. Look how much answers are missing. Dont mix day trading with gamble, to hold such huge wallet you have to know how to trade dynamically to not be caught with pants down. You have to be commited 24h/day. You have to know market, wchich bids/asks are made by bot, when they appear and why, and most important how to get advantage of that. You have to know then take options, when wrote it and why.

I would pay for  transparent team commited to follow market 24h/day, analyse reddit bctalk and do all above.

Thanks a lot for your questions. If my commitment or my results are not good enough, then please don't invest. My job is to post a green number every week, period. I try to live up to that every day and do some interesting projects for the community on the side. Please check out http://dcx.smidge.com and give me your input if you have some time.

Cheers,
Smidge

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August 05, 2013, 09:41:36 AM
 #86

DCX and Smidge.Com A

I would like to clarify that Smidge.Com A is not an ETF on the DCX index and does not map or try to map its performance in any way.

  • DCX is a reference index that displays the performance of the securities with the highest market cap, to provide an indication of "The Market"
  • Smidge.Com A is a fund that I actively manage myself, that invests into a broad range of securities and aims to beat "The Market"


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August 08, 2013, 05:42:14 PM
Last edit: August 08, 2013, 08:10:55 PM by Smidge
 #87

Because of IPO processes starting very soon in the background, the offering of discounted private shares will be halted during Saturday, Aug 10th.

http://www.smidge.com/?page_id=42

Private shares can be transferred to shareholder's accounts at any time. This will work on all exchanges we are listed on, by just e-mailing us with the request + account name + your personal PIN. Please use the contact form on smidge.com after IPO to start the process. We will then transfer the shares to your account.

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August 09, 2013, 12:00:13 AM
 #88

Dcx is interesting. I've been tracking similar information privately for a while. For an index to be useful some information on the criteria need to be known. Failing to include MPOE, for example, strikes me as seriously suspect. It has multiples of the market cap of most of the others in your index.

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August 09, 2013, 07:28:13 AM
Last edit: August 09, 2013, 08:45:19 AM by Smidge
 #89

Quick update on IPO processes for "Smidge.Com A":

  • "SMIDGE.COM-A" is now admin unlocked on btct.co! I will move it to "awaiting approval" (voting) today or latest tomorrow
  • "SMIDGE" is now setup on Havelock, IPO will be announced soon
  • Bitfunder setup is still in the works

The size of the fund has meanwhile grown to 302.8375 BTC since last Sunday, through sale of private shares. More on that in Sunday's report.


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August 09, 2013, 09:55:58 AM
 #90

I guess Voting takes about a week on btct so maybe you should unlock it as soon as possible.

Best
Alex

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August 09, 2013, 11:23:23 AM
 #91

Update 13:23 CET:

  • Asset has been unlocked for voting on btct.co!
  • Bitfunder setup is now ongoing

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August 09, 2013, 07:37:02 PM
Last edit: August 09, 2013, 08:06:56 PM by Smidge
 #92

Update 21:37 CET:

Here is the current IPO status.

ExchangeTicker SymbolShares (free float)     IPO date
btct.coSMIDGE.COM-A340,000.00tbd
bitfunder.comSmidge.xxx (tbd)     212,500.00Sun, Aug 11th 1am CET (7pm EST)
havelockinvestments.com     SMIDGE212,500.00Wed, Aug 14th 8pm CET (2pm EST)

Some exchanges will start offering the shares later than others, but we are working on syncing the IPO end dates so that free trading begins at the same time (more or less).


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August 09, 2013, 08:05:25 PM
Last edit: August 09, 2013, 08:21:00 PM by Smidge
 #93

Havelock Investments

Announcing the upcoming public offering for Smidge.Com A (SMIDGE)

On Wednesday, August 14th, 2013 at 2:00PM (EST), a public offering will open for Smidge.Com A
Total Units: 212500
Maximum Units Per User: 150000
Price: 0.03BTC/unit
Fund Overview: https://www.havelockinvestments.com/fund.php?symbol=SMIDGE

The purpose of "Smidge.Com A" (the fund) is to allow investors to participate, in an overly proportional manner, in a diverse number of assets that exist in the crypto currency space, managed by experienced investors.

The fund holds assets in Bitcoin (BTC), Litecoin (LTC) and, to some extent, alternative crypto currencies (Altcoins). The fund is intended for mid- and long term investors looking to create value for their investments and maximize returns in the long term by leveraging the experience of the management team, its strategies and the size of the fund. It should also be a stability component of your portfolio, enabling more freedom in handling your other investments.

Smidge.Com aims to become the largest BTC investment fund by market capitalization, building trust for investors, start-ups looking for capital and the digital currency community as a whole.

The funds structure is very transparent, there are no other fees besides a management fee on actual earnings, which means 100% of your coins generate ROI from the moment they are invested. There are weekly status updates and a balance sheet that is always available at
https://docs.google.com/spreadsheet/ccc?key=0AgLGW6ARhmFLdDVyLUFPYjBHX0FIWWxXTy1Bc09uaVE&usp=sharing

Please refer to http://www.smidge.com for the full business plan and make sure to read all documents thoroughly before investing.

Thank you for investing with Havelock Investments!
https://www.havelockinvestments.com


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August 09, 2013, 08:58:22 PM
 #94

Do you plan to release 340k shares on BTC-TC, 212.5k shares on BF and 212.5k shares on HL for a price of 0.03 BTC/share immediately and all at once or do plan to release them in smaller batches?

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August 09, 2013, 09:08:26 PM
 #95

Do you plan to release 340k shares on BTC-TC, 212.5k shares on BF and 212.5k shares on HL for a price of 0.03 BTC/share immediately and all at once or do plan to release them in smaller batches?
Hi dexX7,

All will be released at once when the IPO phase starts. Should there be shares left at the end of the IPO phase, they will be withdrawn.

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August 09, 2013, 09:20:44 PM
 #96

looking forward to a good IPO

Good Luck everybody.

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August 09, 2013, 09:30:51 PM
 #97

Do you plan to release 340k shares on BTC-TC, 212.5k shares on BF and 212.5k shares on HL for a price of 0.03 BTC/share immediately and all at once or do plan to release them in smaller batches?
Hi dexX7,

All will be released at once when the IPO phase starts. Should there be shares left at the end of the IPO phase, those will be withdrawn.


withdrawn? then?
not just withdrawn, right?
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August 09, 2013, 09:35:54 PM
 #98

Update 21:37 CET:

Here is the current IPO status.

ExchangeTicker SymbolShares (free float)     IPO date
btct.coSMIDGE.COM-A340,000.00tbd
bitfunder.comSmidge.xxx (tbd)     212,500.00Sun, Aug 11th 1am CET (7pm EST)
havelockinvestments.com     SMIDGE212,500.00Wed, Aug 14th 8pm CET (2pm EST)

Some exchanges will start offering the shares later than others, but we are working on syncing the IPO end dates so that free trading begins at the same time (more or less).



What does this mean for current shareholders?
Do we email you to request a transfer of the shares to one of the exchanges above?
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August 09, 2013, 11:53:28 PM
 #99

Simdge invested 24 btc few weeks ago

Now he is asking 2.500.000 usd from community in next week.

Remember that buying 1 share u will have 0.7 finally, becouse smidge plan is to cut 30% of your money in not defined future.



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August 10, 2013, 04:59:41 AM
 #100

Do you plan to release 340k shares on BTC-TC, 212.5k shares on BF and 212.5k shares on HL for a price of 0.03 BTC/share immediately and all at once or do plan to release them in smaller batches?
Hi dexX7,

All will be released at once when the IPO phase starts. Should there be shares left at the end of the IPO phase, those will be withdrawn.


withdrawn? then?
not just withdrawn, right?
Hi felente,

If there's 212.5k shares issued and during IPO only 200k are sold, then the remaining 12.5k shares will be withdrawn (because no owner).

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