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Author Topic: [ANN] BLUE MAGIC Capital: Blockchain investing firm (hedge funds in ICONOMI)  (Read 7076 times)
PolyPanto
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February 10, 2017, 11:50:57 AM
 #101

Hi, I just want to summarize what I read and please let me know if I understood something wrong.
Blue magic is a financial company which is managing 3 hedge funds, where you are the only fund manager and where you are are 100% shareholder. I was not able to find any information, a company with shares means means you are registered somewhere? If yes, where. Or you are a self employed person, who is earning money by proprietary trading.
In real life to open 3 funds with all legal cover and support are not cheap, so you  took model of hedge funds and just decided to implement it to cryproworld?
In your reports, if you are consider yourself as a hedge fund company why not to start use standard ratios to show your results?
Anyways good luck with your idea!

Yeah it's a bit complicated.

The situation is this one: How you say, legal status of this kind of financial companies are not cheap, and for the moment I have 0 interest in wasting resources in useless bureaucratic costs.

Blue magic is not pretended to be a "classic company", but a "financial brand" composed by great autonomous investors/managers that have a common list of human good values. That is transparency, confidence, proximity, honesty, free information, help to the begginers, etc.

I know that the concept seems abstract right now, but when the Iconomi platform will be ready things will be much clearer. Iconomi will be like "the uber" of fund management, where every individual can set up his "hedge fund" without the expensive bureocratics costs of real world nor business licenses. Blue Magic objective will be to expand this "good values movement" over the financial sector and over other sectors in the future. It's a quite ambitious goal but I deeply think that is the way that "companies" shoud proceed in the future.

For the moment I'm the only fund manager in Blue Magic Capital. The three "hedge funds" you see are 100% managed and owned  by me. No external capital can enter in the funds until legal status allows me to do so. This is just a way to show and prove my management abilities before Iconomi platform is ready (6-9 months), so when it launches people can already have some historic data about manager FrankPM.

I hope it's much clear now, the concept still has to mature and there are things to modify, but I think you can perfectly understand where Blue Magic is going.  Cheesy

I see, do you plan to add more statistics and standard hedge fund ratios/charts to your reports, so it will help to observe and evaluate your performance?

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thepo1m
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February 10, 2017, 11:59:40 AM
 #102

I have been watching this thread but what I don't understand is the frequent re-balancing done on the tokens in your portfolio, some were done as fast as 24 hour different, Why?. I will like to know the minimum BTC to join your fund

There has been so many rebalancing lately because of the big activity we're seeing. I've had to sell positions and buy another ones. You still cannot join the funds until Iconomi is ready.  Smiley

ICONOMI team seems undecided when the platform would be ready for use, so what would happen if there is no update on when the platform would be available for public use. I think you guys need to have another back up plan

vincentvincent
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February 10, 2017, 02:06:40 PM
 #103

Please be carefull with just following the portfolio of bluemagic.

What I think could happen:

Bluemagic decides that coin xyz is a good coin and they buy the coin
Due to that action the coin goes up
People who follow the portfolio of bluemagic decide to do the same: depending on how fast you follow you buy in on the coins while the price goes up more and more
Result: you buy in on the coin while the price is rising or high

Bluemagic sees the price going up and decides to sell the coin for profit
Due to that action the coin goes down
People who follow the portfolio of bluemagic decide to do the same: depending on how fast you follow you sell the coins while the price goes down
Result: you sell the coin while the price is going down or low

Need I say more?

Interested in Bitcoin, QORA, NXT and many others. Do your own investigation on coins that look interesting! Only buy the amount you can afford to lose.
FrankPM
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February 10, 2017, 02:48:53 PM
 #104

Please be carefull with just following the portfolio of bluemagic.

What I think could happen:

Bluemagic decides that coin xyz is a good coin and they buy the coin
Due to that action the coin goes up
People who follow the portfolio of bluemagic decide to do the same: depending on how fast you follow you buy in on the coins while the price goes up more and more
Result: you buy in on the coin while the price is rising or high

Bluemagic sees the price going up and decides to sell the coin for profit
Due to that action the coin goes down
People who follow the portfolio of bluemagic decide to do the same: depending on how fast you follow you sell the coins while the price goes down
Result: you sell the coin while the price is going down or low

Need I say more?

Correct, that could apply to a low marketcap coins, specially those ones of extreme fund and much probably Extreme funds will not be public information in the future because of this factor (possibility to do a P&D scheme)

But for all the other ones, you should need a really big bunch of $$ to make this process happen (10-20M at least). Let's be sincere, not so many people is looking at Blue Magic right now.  Grin

Even with that, this is not the same as wall st. behaviour? I think we all know where are the best investors and companies positioned in and what happens when they move on... It's just called market power or market influence and you cannot control that  Wink
stenkross
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February 10, 2017, 05:20:04 PM
 #105

A really interesting project.
I found out about it through one of Marc de Mesel's youtube videos where he mentions you guys.

Since a couple days back I have put a few % of my investment portfolio into the same assets & distribution as your dynamic fund.
I do have one question though, is there any way of getting a notification when you update your portfolio?
I already follow you on twitter and have this thread on watchlist, but maybe there's a better way?

Cheers!
SimonV
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February 25, 2017, 05:22:02 PM
 #106

A really interesting project.
I found out about it through one of Marc de Mesel's youtube videos where he mentions you guys.

Since a couple days back I have put a few % of my investment portfolio into the same assets & distribution as your dynamic fund.
I do have one question though, is there any way of getting a notification when you update your portfolio?
I already follow you on twitter and have this thread on watchlist, but maybe there's a better way?

Cheers!

We are working on a Newsletter, when it's ready you just have to subscribe and all the reports/movements/assets reviews will be send to you (At the moment we posted them on Twitter, Facebook and Telegram ).
Gillette
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February 28, 2017, 06:10:22 PM
 #107

Please be carefull with just following the portfolio of bluemagic.

What I think could happen:

Bluemagic decides that coin xyz is a good coin and they buy the coin
Due to that action the coin goes up
People who follow the portfolio of bluemagic decide to do the same: depending on how fast you follow you buy in on the coins while the price goes up more and more
Result: you buy in on the coin while the price is rising or high

Bluemagic sees the price going up and decides to sell the coin for profit
Due to that action the coin goes down
People who follow the portfolio of bluemagic decide to do the same: depending on how fast you follow you sell the coins while the price goes down
Result: you sell the coin while the price is going down or low

Need I say more?

Correct, that could apply to a low marketcap coins, specially those ones of extreme fund and much probably Extreme funds will not be public information in the future because of this factor (possibility to do a P&D scheme)

But for all the other ones, you should need a really big bunch of $$ to make this process happen (10-20M at least). Let's be sincere, not so many people is looking at Blue Magic right now.  Grin

Even with that, this is not the same as wall st. behaviour? I think we all know where are the best investors and companies positioned in and what happens when they move on... It's just called market power or market influence and you cannot control that  Wink

Frank Abagnale, where have you disappeared?
Johnny00
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February 28, 2017, 06:44:44 PM
 #108

Please be carefull with just following the portfolio of bluemagic.

What I think could happen:

Bluemagic decides that coin xyz is a good coin and they buy the coin
Due to that action the coin goes up
People who follow the portfolio of bluemagic decide to do the same: depending on how fast you follow you buy in on the coins while the price goes up more and more
Result: you buy in on the coin while the price is rising or high

Bluemagic sees the price going up and decides to sell the coin for profit
Due to that action the coin goes down
People who follow the portfolio of bluemagic decide to do the same: depending on how fast you follow you sell the coins while the price goes down
Result: you sell the coin while the price is going down or low

Need I say more?

Correct, that could apply to a low marketcap coins, specially those ones of extreme fund and much probably Extreme funds will not be public information in the future because of this factor (possibility to do a P&D scheme)

But for all the other ones, you should need a really big bunch of $$ to make this process happen (10-20M at least). Let's be sincere, not so many people is looking at Blue Magic right now.  Grin

Even with that, this is not the same as wall st. behaviour? I think we all know where are the best investors and companies positioned in and what happens when they move on... It's just called market power or market influence and you cannot control that  Wink

Frank Abagnale, where have you disappeared?

he posts on his website on hits blog as well  http://bluemagic.info/blog/

Arvydas77
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March 05, 2017, 05:18:54 PM
 #109

I'm following this interesting project for sometime. While I have my own trading and investing strategy I agree with Frank regarding Bitcoin but I'm not sure about ETH. It has more scaling issues than Bitcoin. Despite that ETH was strengthened by many attacks on the project, so there is room for better results. But I still think that ETH is not suitable as a global TX network. I will go with NEM for that.

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FrankPM
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March 06, 2017, 03:50:48 PM
 #110

I'm following this interesting project for sometime. While I have my own trading and investing strategy I agree with Frank regarding Bitcoin but I'm not sure about ETH. It has more scaling issues than Bitcoin. Despite that ETH was strengthened by many attacks on the project, so there is room for better results. But I still think that ETH is not suitable as a global TX network. I will go with NEM for that.

True, with current state ETH also may have scaling issues in 1-2 years. Difference is that ETH has a strong leadership that can execute fast the scaling solution they believe oportune, while BTC will be stuck in the same debate for a long time. One can say that this means that ETH is more centralized than BTC. True, but the big money is going to ETH, and will keep going to ETH, so it would be foolish to ignore that and not profit from this situation. We have to remember that ETH token value represents the entire Ethereum network, and it has the potential to be much much bigger than BTC network.  Wink
Arvydas77
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March 14, 2017, 03:17:53 PM
 #111

Very much uncertainty again with the rise of Bitcoin price. I was waiting for correction as well but I have spotted that every new time BTC dumps the price of it recovers more quickly. It seems that ETF drama brought a lot of attention from media and WSJ type guys started to invest into Bitcoin. While I still think that this growth is speculative next week we can see some correction in BTC price. If not, and BTC again goes through ATH I suppose that altcoins will suffer hard. 

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Ryan Dugan
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March 17, 2017, 07:33:48 PM
 #112

What do mean when you say legal and easy ? How is it legal ? In what way ? Does it mean The investment is safe and protected by some sort of legal system so you can't run ? You are the dev of iconomi ?

Gillette
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March 26, 2017, 08:15:47 AM
 #113

Hey Frank!

What do you think about BLOCK? https://bitcointalk.org/index.php?topic=829576.0

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