What annoys me most about "funds" is that it is a very lazy way of raising people's money. Most end up as Ponzis, becoming a Ponzi or just fail. Don't get me wrong I like the idea of these "fund" and I would invest in them from time to time but it is so annoying when there are apparently 5 new funds every week just because it's obviously a very lazy job for those who don't know what they're doing. Despite that, I am not saying that all bitcoin funds are scams but it appears that it's very difficult to find one good fund manager, the only people who want to create funds are usually new members or have some other flaws and are likely quite inexperienced.
Hello and thank you for your comment.
I'd like to counteract your statement that this is a ponzi, since we have outlined in detail our methodology behind how we will generate alpha through use of our proprietary algorithms. I do not believe ponzi-schemes generate alpha.
Our USP that differentiates us is our trading methodology and alpha. As discussed, we have a genuine way to create profits in the bitcoin market. We believe it's a simple methodology and in particular our TA removes the primary risk carried by other similar schemes.
If you have any further clarification questions, I'd be happy to answer them.
You're going to need a better plan than "sell Bitcoins, wait for price to drop, buy them back" to make this a semi-decent fund.
Hello, thank you for your comment.
As discussed, I believe our scheme is non-reproducible with the key defining fact being our proprietary trading algorithm that gives us an advantage against other traders.
Market manipulations have been shown in the past to be highly profitable for certain investors. For example, many of the schemes executed by Fontas in the Litecoin market. Please see the following URL's for information about that.
https://bitcointalk.org/index.php?topic=245088.0https://forum.litecoin.net/index.php/topic,4698.0.htmlhttps://litecointalk.org/index.php?topic=4698.0https://bitcointalk.org/index.php?topic=295529.0https://bitcointalk.org/index.php?topic=170180.0Our fund aims to pool investor capital in order to replicate these schemes with bitcoin. Since we have already collated and processed the data on whether these schemes will work or not, we believe it's a very low-risk strategy to making money.
We have already completed the hardest part of the challenge, that is developing the algorithm and collecting the data. At this stage, we just require the capital in order to move the scheme to completion.
As you can imagine, this scheme cannot be executed by most individual investors because it requires a significant volume of trading capital in order to effect fluctuations in the bitcoin price. That represents another barrier to entry and will work in favor of our investors.
Please let me know of any additional questions or follow-ups, and I'll be happy to answer them.