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Author Topic: Would you invest in BitCoin fund?  (Read 1969 times)
ultima
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October 22, 2011, 10:17:05 AM
 #1

I'm thinking of opening a BitCoin fund. The fund would trade bitcoins, publicly traded options and ETFs. It would give people a chance to earn some interest on their bitcoins (and me a chance to earn some fees Smiley.

Deposit and withdrawals would be instant (just like mtgox and other exchanges), no time/amount limits. Would you trust a few cents to a complete stranger?
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worldinacoin
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October 22, 2011, 10:19:25 AM
 #2

I guess I won't.  Just feeling that Bitcoin is not even really established as a currency yet.  Is it time for funds, derivatives and all sorts of advanced financial tools?
ultima
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October 22, 2011, 10:30:24 AM
 #3

Why not? I have a few hundred BTC and don't have anything to do with them. I tought it would be nice to be able to invest them.
netrin
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October 22, 2011, 02:48:56 PM
 #4

There are ways that this 'complete stranger' could identify himself.

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worldinacoin
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October 22, 2011, 02:50:41 PM
 #5

Why not? I have a few hundred BTC and don't have anything to do with them. I tought it would be nice to be able to invest them.

Any portfolio for us to see where our few cents are going to?
ultima
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October 22, 2011, 03:14:24 PM
 #6

There are ways that this 'complete stranger' could identify himself.

I can't give you my real name. I will probably start the fund with my and my friends' bitcoins. It will be enough.

Any portfolio for us to see where our few cents are going to?

Not yet. I have my personal investment portfolios, but the fund is just an idea at the moment. About my personal investments... some solid dividend paying stocks (PG, JNJ, TEF, T, CSCO...), some gold and silver miners, and some short term trades (short SP500, silver 1 year $28 calls, EURUSD 6 months 1,38 puts). Remember, these are some of my positions at the moment and can change at any time. EURUSD puts and SP500 short are used as a hedge to silver calls bought at $28 a few weeks ago.

Oh, and yes, I know Cisco is not solid dividend paying stock... I bought it because it got so oversold.
ultima
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October 25, 2011, 02:33:02 PM
 #7

The web app is finished, and I am already managing some bitcoins (some friends accounts). I need to do some more testing before I open it to public.

You may want to check out the LIF funds traded on the GLBSE. How would you differentiate yourself from them?

Is this a closed-end fund? What I want to do is instant deposits and withdrawals. In your case I need to find a buyer for my fund shares first. In my case fund will redeem your shares (liquidate some investments if needed) and pay out your share.
HowToShotWeb
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October 26, 2011, 03:05:33 AM
 #8

No probably not. Maybe down the line though
robocop
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October 26, 2011, 07:56:08 AM
 #9

No i would not invest bitcoins in your fund because i think that the bitcoin economy will be more and more to an big speculation and the confidience in bitcoin will still going down.

Nyaaan
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October 26, 2011, 09:45:01 AM
 #10

I might, it depends...
Bitcoin is still relatively new though, set up a fund IRL.
ultima
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October 26, 2011, 01:59:25 PM
 #11

The site is up and running. Just a few more days to test everything and I will post the site address here, so you can check it out (probably saturday or sunday).
mr chong
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October 26, 2011, 02:04:48 PM
 #12

Still too early, more time with sustained value in btc is needed before a fund would really be a viable option.
Leandro César
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October 26, 2011, 03:26:54 PM
 #13

There is a investment group running, right now!

https://bitcointalk.org/index.php?topic=46750.0

L.

Leandro César
ultima
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November 02, 2011, 02:05:06 PM
 #14

The fund is open to public now. It is called Ultima fund: http://www.ultimafund.com/
BitcoinSnails
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January 18, 2012, 08:00:35 AM
 #15

Hi ultima, is there a problem with http://www.ultimafund.com? I have invested some bitcents to test it out and today I can't login – the page says "Invalid username or password." I have already tryed to recover password, but I get page "500 Server encountered an error and could not complete your request".

Seriously, whats going on? Script kiddies or BTC thieves? Smiley
ultima
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January 19, 2012, 02:10:23 PM
 #16

Server problems... it works now.
Emil
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January 19, 2012, 06:07:33 PM
 #17

Do you have any personal details? Phone number? Registered company? Couldn't find that info at a first glance of your website.

Personally I don't invest BTC (only use it as a bridge currency), but if I did, I would not invest with a website that isn't upfront about who they are in real life.
Beaflag VonRathburg
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January 19, 2012, 07:57:42 PM
 #18

Do you have any personal details? Phone number? Registered company? Couldn't find that info at a first glance of your website.

Personally I don't invest BTC (only use it as a bridge currency), but if I did, I would not invest with a website that isn't upfront about who they are in real life.

I agree with you. With the anonymous nature of BTC the simple fact that you could up and walk away with everyone's coins is a deterrent. Although, I do wish I had personally invested in BTC a few months ago when I saw coins at roughly $2.90 USD.

kevinmark
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January 20, 2012, 09:46:01 AM
 #19

well good idea of investing.
ultima
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January 20, 2012, 07:39:01 PM
 #20

Do you have any personal details? Phone number? Registered company? Couldn't find that info at a first glance of your website.

Personally I don't invest BTC (only use it as a bridge currency), but if I did, I would not invest with a website that isn't upfront about who they are in real life.

We have discussed the anonymity in this thread: https://bitcointalk.org/index.php?topic=50807.0
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