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Author Topic: [Investment fund] Gamma Bitcoin Fund [Closed]  (Read 77877 times)
DeaDTerra
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July 19, 2012, 01:06:34 PM
 #281

Hey guys!
First of all sorry for the massive delay on this post, I have started a new part time job and have started to settle in, so I am still getting used to that and I have also been kind of lazy this week xD
Here's the weekly report for last week Smiley
Weekly Report
This week I have been working on selling of mining bonds that do not offer any upgrades, as well as selling off old and non profitable assets. I have sold of most of our YABMC,BitBond and PureMining bonds, while I have purchased more Gigamining bonds instead (which do offer a upgrade path).

I have been moving capital into bonds, loans and CDs as part of the plan mentioned below. I have moved more into our insured pirate pass through, which is now up to 1000 BTC, I have also moved 1,500 BTC into differerent bonds and deposits on https://mybitcointrade.com/en. We have invested 500 BTC into each of Long Term Loaning ZiggiStar 12% / 30 days. and Long Term Loaning ZiggiStar 20% / 30 days guarantee, These are both loaning bonds, that are open to be traded on the market, which pay a daily dividend. As these are not affected by the Bitcoin price decrease or increase, I decided it was a good idea to move some capital into such ventures.

My Smartphone has arrived Smiley I have setup google authentication for two factor authentication on MtGox, GLBSE and the fund email. This is just one of the many security upgrades that will be arriving soon, if you have any feedback or want to help out with security or any of the other upgrade areas then please send me a email or a pm.

I was on holiday during the majority of this week, which could be partly why the profit is low. I did not do my normal active trading or so called flipping, during the time I was on holiday, instead I placed bid walls and ask walls that was for long term holding/selling. I do think though that most of the negative profit came from the massive rally which made GLBSE bearish and made the share prices plummet. Really sorry about the bad performance of the fund recently, But I am not going down without a fight Smiley, so check the investment plan below for my plan!

Thank you for another week and thank you for your trust in these hard times!



Market analysis/investment plan

I can start by mentioning the massive rally that has been going on for the last couple of weeks, the Bitcoin market is currently in a very strong positive motion. The Bitcoin price moved from 6.86 USD per BTC to 7.64$ last week, the rally has continued and is now up to slightly over 9$. As it looks like right now the rally will continue up to 10-15$ range before it will have any real counter support. It's currently obvious that a manipulator (maybe pirate?) is keeping the market steady and increasing the price slowly over time, this can easily be seen by the massive walls of thousands of BTC and USD that has been placed in both bid and ask by the same person.

Well how does this rally effect us you might ask?
Well as we are currently heavily into GLBSE assets (about 65%), we are heavily affected by the way this rally affects GLBSE. When the Bitcoin price market moves up and is bullish, then GLBSE becomes negative and bearish, this might be due to several factors. I will mention some shortly, hardware and other real life assets that are valued in USD now become less valued in BTC as the BTC/USD price increases, hence the asset holdings are worth less in BTC. It might also be the factor that people think in USD, and they value the assets on the basis of their USD share price not the BTC. Hence when the price increases the value of the share in BTC decreases. These are two of the many reasons why GLBSE become bearish when the Bitcoin price market becomes bullish. This means that as long as the price is decreasing, we are going to be in a less advantageous position as share prices will fall. (Please read the investment plan for more detail of what I will do to prevent this).

What has been done to improve our situation so far?
What I have done is to slowly liquidate our holding on GLBSE, so far about 2000 BTC has been liquidated. This process is slow and takes a lot of time, as the bids are few in numbers and volume, a fund of our magnitude can't simply dump our shares on the market, that would lead to a massive crash and only losses for us. Hence it needs to be done slowly and surely, by placing asks and playing the waiting game, as well as shooting down any high bids. It's an unfortunate situation we are in as the way GLBSE is currently built is that you have to have the same amount of BTC in your account as the total amount of all your bids, and as we all know keeping BTC lying around costs as you miss out on interest, while placing an ask costs nothing, as you would have the shares on GLBSE anyways. Hence there's more incentive to place an ask than a bid, this leads to an imbalance in the system, which I have noticed is one of the reasons we are having so much trouble liquidating assets on GLBSE.

What will be done in the future/what's the plan?
The plan I have setup is to setup our portfolio as follows (a draft/goal, final results might vary):
GLBSE 35%
Loans,Bonds,CDS 35%
Bot trading (arbitrage/margin) 20%
High risk investments (startups etc) 5%
Liquid assets (BTC,USD etc) 5%
This will be reached by slowly liquidating GLBSE, and rinsing out all assets that do not hold a certain quality or profitability. This will be done using the spreadsheet mentioned previously which will be built up slowly over time as we go through an analysis of each asset. We will then start moving away from short term holdings on GLBSE, and aim for more stable and safe long term assets, which we know will be profitable and successful. We will also be working to improve and setup more trading bots on more exchanges Smiley
That way we can take advantage of the volatile market.

As always, if there's any questions or concerns please do ask Smiley
//DeaDTerra

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July 19, 2012, 01:49:30 PM
 #282

more stable and safe long term assets, which we know will be profitable and successful.

As long as this happens I'm a happy camper - helps us and the bitcoin economy.

Thanks for the update, DeaDTerra.
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July 19, 2012, 01:59:11 PM
 #283

Thanks for the report.

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July 20, 2012, 12:34:40 PM
 #284

Hey guys!
...

Market analysis/investment plan

//DeaDTerra

Very pleased to have you managing my funds - Thank you!
DeaDTerra
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July 21, 2012, 05:07:16 PM
 #285

hey guys just wanted to say that I am still alive  xD due to a combination of misstiming and my phone runninng out of battery.hence  I will  post a log entry  for both  days  when I get home tonight

//dead terra
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July 21, 2012, 05:27:48 PM
 #286

Hopefully you'll have time to check your email? I sent one earlier this week and have not heard back.

Mine at the Maza Club! with ShastaFarEye Prospectors! Mazacoin PPS & P2pool mining, and more services coming soon!
Maza Means Money! Check yours at the mazacha.in!

Please contact me  on my  OTC registered GPG (A54E87F2) Key's email address or guruvan@shastafareye.net  and encrypt all correspondence.
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July 21, 2012, 09:07:18 PM
 #287

Hopefully you'll have time to check your email? I sent one earlier this week and have not heard back.
If it's not older then 2 days then i will answer it right now, going thorough emails and PMs Smiley
If it's older then it has gotten lost in the masses Tongue I will look for it
sorry about that
//DeaDTerra
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July 22, 2012, 06:33:54 PM
 #288

Hey guys, profit is about to be calculated and paid out but before that I have a question to my investors.
I am planning on creating a GLBSE asset that is not related to the fund, do you mind that this asset goes under the name Gamma ....... ?
As it's a insured pirate pass through, it would be named Gamma Insured Pirate Pass Through or GIPPPT in short.
Do you guys want the Gamma tag to be for the investment fund only or could it be kind of a tag for my different projects?
What's your take on this, and if you have any cool suggestions of names then contact me Tongue
//DeaDTerra
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July 22, 2012, 06:54:07 PM
 #289

Hey guys, profit is about to be calculated and paid out but before that I have a question to my investors.
I am planning on creating a GLBSE asset that is not related to the fund, do you mind that this asset goes under the name Gamma ....... ?
As it's a insured pirate pass through, it would be named Gamma Insured Pirate Pass Through or GIPPPT in short.
Do you guys want the Gamma tag to be for the investment fund only or could it be kind of a tag for my different projects?
What's your take on this, and if you have any cool suggestions of names then contact me :P
//DeaDTerra

I personally don't mind. The name is different enough to not cause confusion or anything.
Waiting for you to create Gamma Industries, hehe, that sounds nice :P
DeaDTerra
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July 22, 2012, 08:14:37 PM
 #290

Due to a hack, that cause a major dip in the market I am waiting until tomorrow with calculating profits, as the current value of our portfolio does not represent the actual value of it.
//DeaDTerra
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July 22, 2012, 08:30:07 PM
 #291

Due to a hack, that cause a major dip in the market I am waiting until tomorrow with calculating profits, as the current value of our portfolio does not represent the actual value of it.
//DeaDTerra

Which hack was that?

DeaDTerra
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July 22, 2012, 08:35:56 PM
 #292

Due to a hack, that cause a major dip in the market I am waiting until tomorrow with calculating profits, as the current value of our portfolio does not represent the actual value of it.
//DeaDTerra

Which hack was that?
Kluge owner of BDK got hacked, which resulted into a massive sell off :8
[GLBSE] [BDK.BND] 13997 @ 0.00004 = 0.5599 BTC [-]
for example.
Please check the BDK for the latest updates on the matter.
//DeaDTerra
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July 23, 2012, 01:30:23 PM
 #293

Okay guys the Profit for this week landed at 1.207% and it has all been paid out Smiley
The deposits has been accepted and added to the investor list,
The withdraws are being sent out, but I am waiting on some confirmations from GLBSE, once the coins arrive the withdraws will be sent out.

Thank you guys for the feedback regarding the name choice for my new asset, The IPO will not be until the 1st of August so, you still have time to get your opinion heard!
Initial IPO information should be out tomorrow Smiley
//DeaDTerra
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July 23, 2012, 01:41:02 PM
 #294

We have invested 500 BTC into each of Long Term Loaning ZiggiStar 12% / 30 days. and Long Term Loaning ZiggiStar 20% / 30 days guarantee, These are both loaning bonds, that are open to be traded on the market, which pay a daily dividend. As these are not affected by the Bitcoin price decrease or increase, I decided it was a good idea to move some capital into such ventures.

This is something very problematic imho, as ZiggiStar does still not disclose (after nearly 2 weeks of promising to put up a list) where he "invests" that money - he admitted in the german subforum that he at least has "parts" (not detailling how high) of "Project 17" (the 20% one) at pirate "but not everything". For all you know, he might even invest in GBF!

Also he used to go into quite a flamewar on the german subforum + still has not disclosed at all where the profit for his "bank books" are coming from, only that he does "trading". Even frikkin' pirate stays calm if you call ponzi on him, ZiggiStar is at least for me something that I wouldn't tough with even a very long pole...

A "100% insured, backed by gamma" pirate deposit similar to YARR (daily dividends of ~1 Bitcent) would be something I'd love to have - if you have competitive rates that is.

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July 23, 2012, 01:47:34 PM
 #295

I have no problems with using the Gamma name elsewhere.
DeaDTerra
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July 23, 2012, 03:44:40 PM
 #296

We have invested 500 BTC into each of Long Term Loaning ZiggiStar 12% / 30 days. and Long Term Loaning ZiggiStar 20% / 30 days guarantee, These are both loaning bonds, that are open to be traded on the market, which pay a daily dividend. As these are not affected by the Bitcoin price decrease or increase, I decided it was a good idea to move some capital into such ventures.

This is something very problematic imho, as ZiggiStar does still not disclose (after nearly 2 weeks of promising to put up a list) where he "invests" that money - he admitted in the german subforum that he at least has "parts" (not detailling how high) of "Project 17" (the 20% one) at pirate "but not everything". For all you know, he might even invest in GBF!

Also he used to go into quite a flamewar on the german subforum + still has not disclosed at all where the profit for his "bank books" are coming from, only that he does "trading". Even frikkin' pirate stays calm if you call ponzi on him, ZiggiStar is at least for me something that I wouldn't tough with even a very long pole...

A "100% insured, backed by gamma" pirate deposit similar to YARR (daily dividends of ~1 Bitcent) would be something I'd love to have - if you have competitive rates that is.
He has told me he does a lot of speculation trading combined with stock/asset trading and bots. I know that his past is a bit wanky, but he a good reputation and hasn't defaulted on anything. I have his passport saved on my computer and he seems to know what he's doing. Surely it's a risk, but I wouldn't compare it to the risk of pirate.

Okay great Smiley, I will release more detail about it tonight.
//DeaDTerra
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July 23, 2012, 04:06:27 PM
 #297

I would like to report that I've made a withdrawal from GBF, and it was processed in a timely fashion. I'm looking forward to seeing the results of the new investment strategy, and will reinvest in GBF in the near future.

Thanks DeaDTerra!

Mine at the Maza Club! with ShastaFarEye Prospectors! Mazacoin PPS & P2pool mining, and more services coming soon!
Maza Means Money! Check yours at the mazacha.in!

Please contact me  on my  OTC registered GPG (A54E87F2) Key's email address or guruvan@shastafareye.net  and encrypt all correspondence.
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July 23, 2012, 07:54:06 PM
 #298

invested 5 btc came back with 7 btc and change I am happy. But I want to try other experiments.

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July 24, 2012, 12:08:44 PM
 #299

Invested 250BTC for a little over a week and came out with 253.xx.  DeadTerra is pretty good about getting back to PMs.  I'll be bringing funds back once I mine some more coin  Smiley

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July 30, 2012, 09:36:20 AM
 #300

This weeks profit landed at 1.685% Smiley
A okay result, the market is starting to turn as the Bitcoin price is stabilizing.
A full weekly report will be released in a couple of hours.
Profit has already been paid out and so has withdraws

I also want to add that I have opened up the fund for another 1000 BTC due to some withdraws which has left space for more investments.
//DeaDTerra
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