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Author Topic: Bitcoin Investment Fund  (Read 3800 times)
Tanyc
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July 19, 2011, 04:35:11 PM
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A friend and I have been thinking about starting an Investment company, where deposit are made in bitcoins.  This investment fund would be using a system that has been used the past year successfully.  We are planning to start this on a trial basis, but we wanted to know if people were even interested.  So would anyone be interested in this?  Would people actually deposit anything due to the fact that we would be just starting out?
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spruce
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July 19, 2011, 04:38:41 PM
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Maybe. Depends how legit it seems or if it looks like a scam.
Tanyc
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July 19, 2011, 04:43:21 PM
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Spruce,

How would we best show that we are serious?  We are currently working on the site, and are willing to work with the initial customers to ensure that they understand how the fund works and that we are serious about the fund, and about keeping their money safe.
ronramon
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July 19, 2011, 04:56:47 PM
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I would like to see a support line 24/7  or live chat link and available representatives in customer service.  Security would have to be like if you were opening an actual SEC regulated investment account.  Aside from the basics, there needs to be a blog, forum, rss feed, or something to show round the clock updates that the fund is in fact active and being monitored by analysts.

A physical location address should be available and maybe some P.R. depending if you intend to market behind closed doors to specific clients (Big Fish)  or host many small marketing events for those (little fish)

such a venture sounds very exciting, I have been drafting an investment company that would require series 6, 63, 7 licensing.  The problem is that I need to see a niche.  It appears bitcoin is the niche.
Tanyc
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July 19, 2011, 06:11:51 PM
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RonRamon,

Your response is kind of what I was expecting, the only issue is that the cost of running that would be very large compared to the number of bitcoin users/possible investors.  The idea we had was creating a "micro" investment fund, where people would be investing a small amount of money to see what kind of interest this really generates before starting up a larger organization.  Also the plan right now is to just use one fund, to simplify things.

The idea of having support, live updating of performance is given.  Right now I would say we are targeting small fish to test out the bitcoin market, before bring in larger sums of money.
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July 19, 2011, 06:51:34 PM
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RonRamon,

Your response is kind of what I was expecting, the only issue is that the cost of running that would be very large compared to the number of bitcoin users/possible investors.  The idea we had was creating a "micro" investment fund, where people would be investing a small amount of money to see what kind of interest this really generates before starting up a larger organization.  Also the plan right now is to just use one fund, to simplify things.

The idea of having support, live updating of performance is given.  Right now I would say we are targeting small fish to test out the bitcoin market, before bring in larger sums of money.

All you really need to do is:

a) look professional
b) act professional

That's it.

If you look like a nice website and answer any and all of my questions within 24 hours as most good websites should, chances are you will get some of my money.
shaun5000
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July 19, 2011, 09:06:55 PM
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How much initial capital are you wishing to work with, in short what would the buy in be and what ROI are you targeting over what period?
ronramon
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July 19, 2011, 10:17:42 PM
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Currency, commodities, equities, subordinate debt, bonds and a little bit about options is what I like.
---------------------------------


I would say for my micro investment, (From past experience excluding wins and losses, and support help).

 I want to know how fast and easy it is to A.) Send you my money to the fund and B.) Cash my money out of the fund

I want to know limits, minimums, deadlines

If my investment creates a return today, I want my cash in pocket yesterday.
alfred
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July 20, 2011, 02:29:59 AM
 #9

I am Tanyc's said partner... thanks so far for your comments.

Quote
How much initial capital are you wishing to work with, in short what would the buy in be and what ROI are you targeting over what period?

Initially, in trial mode, we are thinking of limiting external ownership to equivalent of $5,000 with individual ownership limited to 10% max. The particular fund is already executing with substantially more funds than that and the trial would shadow that. Target APR is 40%. You can find out more here http://www.xidcapital.com/alpha-fund.

Quote
Any experience in investing at all or are you guys doing this for a first time thing?

Yes, we both have trading experience and mine goes back 5 years. In the last 2 I've concentrated on systems like the one described above.

Quote
I want to know how fast and easy it is to A.) Send you my money to the fund and B.) Cash my money out of the fund

I want to know limits, minimums, deadlines

If my investment creates a return today, I want my cash in pocket yesterday.

In trial mode and for this first fund, we envision requiring at least 1 full trading day notice of entry or exit. Entry/Exit would always be End Of Day and because of this, you would not know what price you were going to get in advance. Having said that, this particular fund is designed to 'bag' gains itself so you are supposed to leave it alone, not micro-manage it, and let the system do the work for you. Hopefully, that will eventually become apparent in its trading history compared to the benchmark (it is not currently!)

Initially, the fund size and individual participation would be very limited. The point of the trial is really to discover processes and whether there is a market for this type of service. Eventually, it could become larger, audited, regulated and perhaps a business.

Minimum participation would only be 1btc but we would also limit the total number of participants to keep things manageable.

Please keep your comments/questions/ideas coming as we decide if/when/how to proceed...

http://www.xidcapital.com
SealsWithClubs
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July 20, 2011, 04:02:10 PM
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Is the plan to invest in specifically bitcoin businesses, or something else? 

Is the idea to eventually have thousands or millions of small investors, or is the goal a few larger individual investors?

How many hoops are you and your investors going to jump through?  I imagine one requiring a lot of paperwork would be less popular amongst bitcoin users.
shaun5000
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July 20, 2011, 04:52:47 PM
 #11

I would be interested in putting some BTC in, how would I keep track of my investment?
Tanyc
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July 20, 2011, 05:55:09 PM
 #12

Is the plan to invest in specifically bitcoin businesses, or something else? 

Is the idea to eventually have thousands or millions of small investors, or is the goal a few larger individual investors?

How many hoops are you and your investors going to jump through?  I imagine one requiring a lot of paperwork would be less popular amongst bitcoin users.

You will be buying in with Bitcoins and our fund will be invested into stocks on the US stock exchanges.

Our plan is to go towards having thousands of smaller investors, being part of a niche market normally does not lead to a few larger individuals, but we would not be against larger investments in the future

Hoops?  We want to make this very simple and straightforward.  The initial investors will not have alot of paperwork to file.  With that in mind, as the fund grows we could have to make might have to make things more complicated, but this will be progressive.  Initially we will be running this as an email, more personal, service then growing to a more automated log in system.

I would be interested in putting some BTC in, how would I keep track of my investment?

You would be able to track the actual fund online.  Initially current investment updates would be on a per email basis, with a reasonable response time, we could even do automatic weekly updates if that is wanted.  As we build the fund we will make this also more automated, and you would be able access this data online as well.
ronramon
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July 20, 2011, 06:00:43 PM
 #13

So to make sure this is not a bucket shop fund I would have to agree that some transparency to be had in order for multiple investors to be reached. 

I can see the returns and the graph looks pretty.    I'd say other than a basic site with the transactional/analytical capabilities for the front end.

 How about some executive summaries, details of the fund management, location etc. to provide some type of consumer confidence.. 

I want easy access to the legal stuff (or to at least have some type of document electronic sig or not), like a prospectus and (not required but maybe something similar 8k, 10k) etc, then some direct deposit forms, and account application agreements for to simplify access for getting setup. 

For example:   basic http://cpsnotes.com/download.php#prospectus

alfred
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July 21, 2011, 05:59:34 AM
 #14

We have posted a bunch more stuff on the site, including FAQ, how to invest and some updates to the fund description.... take a look http://www.xidcapital.com/faq

http://www.xidcapital.com
AstroKev
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July 21, 2011, 07:18:22 AM
 #15

while this isn't a fund, it's certainly got some 'banker' people behind it:

http://techcrunch.com/2011/06/18/bitcoin-crazy/

martingale gambler bot: http://goo.gl/b4XsJ
ronramon
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July 21, 2011, 06:38:40 PM
 #16

"Who can purchase units?
Residents of California are not permitted to purchase units at this time. For all other countries, territories and states, you must certify that purchasing units complies with local laws and regulations."


C'mon man, gimme a break here.  Can purchases be done by entities instead of by individuals?
Tanyc
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July 21, 2011, 08:46:08 PM
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C'mon man, gimme a break here.  Can purchases be done by entities instead of by individuals?

Purchases by entities is perfectly acceptable.
Vladimir
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July 21, 2011, 08:50:44 PM
 #18

And there is always an alternative for investors, just keep the bitcoins.

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S3052
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July 21, 2011, 09:42:09 PM
 #19

And there is always an alternative for investors, just keep the bitcoins.

+1 Vladimir.

As most of the time, your comments bring it to the point.

And particularly a NASDAQ long only strategy has not a lot of room to rise in the current crisis, particularly not vs. bitcoins if bitcoins stays strong.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
KBundy
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July 21, 2011, 09:51:00 PM
 #20

Quote
And there is always an alternative for investors, just keep the bitcoins.

I totally agree, if you want to start an investment fund, buy bitcoins.

As new clients that have automated encryption hit the web, along with clients for mobile devices hit the market the use base is sure to jump.  Right now, the market is testy, cautious, and begging for more security and less complicated software.  If you can provide these type of services to people, your bitcoin investment will skyrocket.

-KBundy

- Welcome to the new free economy
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