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Question: Would you participate in this fund?
Yes, please start it up - 26 (61.9%)
Yes, but please use my suggestions below - 4 (9.5%)
No, I'd like to be in control of my own investments - 7 (16.7%)
No, unless see comment below - 0 (0%)
No, I think there are better options - 3 (7.1%)
No, I wouldn't trust you guys with my empty old socks - 2 (4.8%)
Total Voters: 42

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Author Topic: [BITFUNDER] ADDICTION.TRADING DISCOVERY!  (Read 36124 times)
tyrion70
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September 18, 2016, 07:29:19 PM
 #141

Hi all,

First of, my apologies for not writing earlier.. I had a few busy months and I had less time to maintain the fund. The fund wasn't investing in much anyway, It had a long position in Ether, DAO, Litecoin and about half of the fund was just BTC. I couldn't have chosen a worse time to take a break from looking at everything every day..

Late May Litecoin took a dive from 0.009 to 0.006 from which it still has to recover.

ETH went up from .020 to 0.034 only to drop to <0.013 when the DAO heist occured. When the dust settled and the hard fork occurred we got all the funds out of ETH/DAO/Classic. Looking back we could or should have waited a little longer but at the time it looked like the best move. I probably should have ended it then, but I really couldn't find the time to write a final report for Discovery (and I wasn't ready to stop it yet, I still really don't want to).

Then to make matters worse; Bitfinex was hacked. As of yet there simply isn't any exchange to trust (has there ever been one?).

All in all, I decided it's time to close up shop and end Discovery. I briefly considered using bitshares or something else, but frankly I'm really done with it. I'm sorry if I have disappointed you guys, I really wished for a different ending. All the funds are now (safely) in an offline wallet. The end results are as follows:

NAV Start   0,003002788
NAV End    0,000369389
Outstanding shares   11800
NAV current/share   0,000196389

Including in the NAV calculation is the amount still owed by Weexchange (which is little over 5 btc).

If you want your share payed out, please send me a signed message with the btc address I have on record (https://pastebin.com/VYQCka4z updated 11/12/18). If you want your payout to a different address please mention that in your signed message (the message still needs to be signed with the address on record of course). If you can't sign, contact me to work something out.

Thanks all for your trust, it was a fun ride!
Tyrion70

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shmoula
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September 27, 2016, 04:52:44 PM
 #142

Wow, no reply here... At least someone, who closed shop the right way and did periodic reports on what's going on. Thank you!

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anasazi
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October 01, 2016, 01:02:36 PM
 #143


If you want your share payed out, please send me a signed message with the btc address I have on record (http://pastebin.com/e7zEjsvg).


Am I missing something? Of course everyone wants a payout, there is no "if", the fund is closed. Just send it out, shouldn't require any action from your investors.
tyrion70
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October 01, 2016, 01:15:30 PM
 #144

Am I missing something? Of course everyone wants a payout, there is no "if", the fund is closed. Just send it out, shouldn't require any action from your investors.
This is just an extra measure to make sure we don't send it to a btc address that someone doesn't want to use anymore. If you want it to the address on record just let me know.

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