What will you do differently this time? What lessons did you learn?
Discipline... during last 10 years it was my only problem.... Being responsible for fund with such purpose will add discipline...
Trying to figure out the math paragraph. Are you saying the 50% you listed in the previous paragraph will be ignored? Will the fund continue after 1st Jul 2012, with the option of selling back then, or are you buying back all shares then?
Fund will continue and I will issue new asset type... Buyback on 1st Jul 2012 is compulsory - how do you convert your shares to BTC otherwise...
You bought 300 shares ( 0.3333 price per share ) with 100BTC = 300 USD. Current exchange rate - 3 BTC/USD.
for example fund will make 80% from now till 1st Jul 2012 and price of bitcoin will be $5 at that moment.
($1 * ( 1 + (80%/2)/100)) / 5 = 0.28 per share * 300 = 84 BTC (420 USD)
| Profit ||BTC/USD|| Share || Profit || Profit |
|80%||5||0.28||84 BTC||420 USD|
|80%||2||0.7||210 BTC||420 USD|
|-20%||5||0.18||54 BTC||270 USD|
|-20%||2||0.45||135 BTC||270 USD|