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Author Topic: [ACT] The ACT Fund  (Read 455 times)
Mr. Net
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March 29, 2014, 09:16:39 PM
 #1

The AltCoinTrading Fund is a high risk high reward Fund.

The Fund aims to increase in value by trading various altcoins and controlling the markets.
There are a few main strategies coming to use in the fund.
Starting trends with high volume trades, controlling markets, manipulating trends, gather insider information, working with devs...
What the fund doesn't do is trying to predict the next "train" or "Bus" or what ever you want to call it.
The fund is the one starting the engine on the Bus and lets it drive on its own.

Now trust is a big problem in the wild west of Bitcoin.
So the first few investments should be no bigger then 1 BTC and no smaller then 0.01 BTC.
Trust grows incrementally and so should the investments.

At current stage the estimated portfolio value is about 50 BTC.(Over half of the money is my own)

By investing you hold a certain percentage of the fund, that percentage stays static, it only gets recalculated if someone invests or caches out.
Fees are only applied on the profits, you get 82% of the funds profit proportional to the percentage of the fund you are holding.

The fund is open for investments for two months and has a total duration of about 3-4 month.

All transactions in and out are BTC only.

Investors get a weekly update by email.
That email contains the estimated current portfolio value,the holders(%) and a comment on the situation, plans and a summary.

Note: The Fund(estimated portfolio value) is just as volatile as the coins it is trading.

Please PM if you are interested.

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mike2010
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March 30, 2014, 08:17:08 AM
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Any one joined this?
coinnewbit
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April 08, 2014, 01:59:15 PM
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Portfolio value has grown from 50 to 75 BTC in the last weeks. (no money has been added to the fund)

The Fund bought Netcoins at its low(Up over 100%), and is one of the biggest Hobonickel(up 50%) holders.
The fund might just be completely made up by you
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