Quote from: DeaDTerra on August 03, 2012, 04:23:31 PM

Quote from: Lobstertorch on August 03, 2012, 04:13:08 PM

Quote from: LoweryCBS on August 03, 2012, 04:10:34 PM

Quote from: DeaDTerra on August 03, 2012, 03:58:09 PM

Proposal #1: ...invest 300 BTC into GIPPT...

Proposal #2: ...3-5% exposure to pirate...

//DeaDTerra

Proposal #1: I vote YES (It's something you have your thumb on, and control to a large extent)

Proposal #2: I vote NO ( I feel it's not why I find the Gamma fund useful. You're giving us analysis & diversity, but most importantly: (a) access to equity we wouldn't have access to as individual investors, and (b) some freedom from complete exposure to GLBSE as a point of failure (via intelligent diversity)

If I wanted to invest directly in Pirate, I'd use Bitcoinmax and regulate my overall percent exposure that way.

After seeing those points I agree,
YES to GIPPT
NO to uninsured pirate.

Okay maybe I should explain my path of thought

The constant price increase makes people avoid buying shares on GLBSE, as buying shares on GLBSE becomes like kind of a shorting. When the USD price increases the GLBSE turns bearish as mentioned previously. I won't go in to the details but anyone that has observed the GLBSE market knows this. When the Bitcoin price increase the GLBSE share prices decrease. No in a 1:1 ratio but still enough for GBF to feel the downward trend of the share prices.

This is fine for anyone that want to gain USD as the ratio is not 1:1, you still gain net value in USD. But for us BTC savers, it's bad as the share prices lose value in BTC. This leads to a hill I have to climb every time the price increases, as our portfolio value decreases. I have tried liquidating but as mentioned previously due to the bearish market and out big investments (we are huge compared to the average trader on GLBSE), liquidating is hard and slow.

Hence I want to move into stable bonds/deposits which are not effected by the market. Most of these are somehow connected to pirate, unfortunately and to counter act the dropping GLBSE market, I was thinking if we invest a couple of percent then we can counter act the lose of portfolio value.

But it's up to you guys

I will keep doing my best with what I have.
//DeaDTerra

Up to you! I could go either way, but I think that the majority of people will at the least support the GIPPT idea. It does suck to lose coins in the fund Sad

, maybe just have the direct pirate exposure of 3-5% very temporary?