elective-stereophonic
elective-stereophonic
Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange singapore
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Stable Nxt Client: Nxt 1.12.2

Pages: 1 ... 5 6 [7] 8 9 ... 12  All

Author Topic: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange  (Read 55352 times)

th4o

  • Full Member
  • ***
  • Karma: +9/-2
  • Offline Offline
  • Posts: 149
    • View Profile

He didn't even visit this forum the last four days...
Logged
NXT-XDWR-2M7J-S6SE-F9HAM

CryptKeeper

  • Hero Member
  • *****
  • Karma: +78/-5
  • Offline Offline
  • Posts: 1235
    • View Profile

No news.

It's getting more serious with each passing day.
Logged
Follow me on twitter for the latest news on bitcoin and altcoins!
Vanity Accounts Sale :-)

zuqka

  • Sr. Member
  • ****
  • Karma: +32/-4
  • Offline Offline
  • Posts: 328
    • View Profile
    • nxt.zuqka.info

This is smelling like trouble. I hope for him and his crew that he get's back here before I get to him in CH.
Logged
NXT-2V7G-C8BY-KTYY-CAHNU. Sponsoring 4 Full Nxt Nodes & demo.ardorplatform.org

DoM P

  • Hero Member
  • *****
  • Karma: +114/-147
  • Offline Offline
  • Posts: 1115
    • View Profile
    • Crypto Finance Analysis Consulting

Accounting manually done.
Sorry, really sorry for the hassle.

The buy wall is back, and should cover all pending and coming orders.
Logged
Have you heard of CryptoCoins? You should!
Crypto Finance Analysis Consulting: cfa-consulting.ch
Nxt : NXT-LP8G-9NHV-VUQB-58ZZF

CryptKeeper

  • Hero Member
  • *****
  • Karma: +78/-5
  • Offline Offline
  • Posts: 1235
    • View Profile

Accounting manually done.
Sorry, really sorry for the hassle.

The buy wall is back, and should cover all pending and coming orders.

Good news so far.

5262 NXT per CCS? Really? I want to see the numbers behind this price! Reporting must be done ASAP.

If I sell back now I would suffer a 27% loss against fiat. I wish I had kept those bitcoins....  :-\
Logged
Follow me on twitter for the latest news on bitcoin and altcoins!
Vanity Accounts Sale :-)

zuqka

  • Sr. Member
  • ****
  • Karma: +32/-4
  • Offline Offline
  • Posts: 328
    • View Profile
    • nxt.zuqka.info

Accounting manually done.
Sorry, really sorry for the hassle.

The buy wall is back, and should cover all pending and coming orders.

Good news so far.

5262 NXT per CCS? Really? I want to see the numbers behind this price! Reporting must be done ASAP.

If I sell back now I would suffer a 27% loss against fiat. I wish I had kept those bitcoins....  :-\

Bought at 7'149. What a let down  :o
Logged
NXT-2V7G-C8BY-KTYY-CAHNU. Sponsoring 4 Full Nxt Nodes & demo.ardorplatform.org

Cassius

  • Hero Member
  • *****
  • Karma: +207/-18
  • Offline Offline
  • Posts: 2459
  • Rather be a pirate than join the navy
    • View Profile

Until a couple of days ago there was a sell wall at 6600. Buywall is usually ~10% lower. I'm guessing that the fund has been neglected for a while and the trades required to pre-empt the market's movements weren't made. It is disappointing.
I've sold mine, taking the hit.
Logged
I head up content for BitScan, crypto business hub.

CryptKeeper

  • Hero Member
  • *****
  • Karma: +78/-5
  • Offline Offline
  • Posts: 1235
    • View Profile

Until a couple of days ago there was a sell wall at 6600. Buywall is usually ~10% lower. I'm guessing that the fund has been neglected for a while and the trades required to pre-empt the market's movements weren't made. It is disappointing.
I've sold mine, taking the hit.

My guess is also that bad fund management is the reason for the low-priced buy wall, but I wait for the fund report before I draw my conclusions.
Logged
Follow me on twitter for the latest news on bitcoin and altcoins!
Vanity Accounts Sale :-)

th4o

  • Full Member
  • ***
  • Karma: +9/-2
  • Offline Offline
  • Posts: 149
    • View Profile

Accounting manually done.
Sorry, really sorry for the hassle.

The buy wall is back, and should cover all pending and coming orders.

Good news so far.

5262 NXT per CCS? Really? I want to see the numbers behind this price! Reporting must be done ASAP.

If I sell back now I would suffer a 27% loss against fiat. I wish I had kept those bitcoins....  :-\

Bought at 7'149. What a let down  :o

Same here.

I feel kinda scammed. No buywall when nxt was cheap the last weeks and now a ridiculous low buy back.

This was promoted with regular price updates and a permanent buywall, but all you achieved for now is burning your customers money >:(
Logged
NXT-XDWR-2M7J-S6SE-F9HAM

kimmel

  • Jr. Member
  • **
  • Karma: +13/-4
  • Offline Offline
  • Posts: 65
    • View Profile

Agree. Nobody beliefs this.

30% appreciation in bitcoin and nxt too during last weeks; in january Cryptocoins was around 7000 nxt it's totally impossible that it's value today its around 5250 nxt/share.

Too bad to see how a well known community member like you is taking other community members' money away; and not even being honest about this.
You don't have the money, or maybe you desperately need the money and you are only taking back to us around 60% of the funds you took.

Don't need to put a word to that because we all have it in mind.
 
Hope not to see you again around this comunity.

Hope too you can forgive yourself about taking others' people money in such a miserable way.


 
Logged

CryptKeeper

  • Hero Member
  • *****
  • Karma: +78/-5
  • Offline Offline
  • Posts: 1235
    • View Profile

This buy wall is a joke!  >:(

I see some investors selling already, but I will not sell for this price until I haven't seen all the numbers!

@DoM P: we need fund reports for january/february/march ASAP! I want to know exactly what trades you did and where the money went.

This drama isn't over yet!
Logged
Follow me on twitter for the latest news on bitcoin and altcoins!
Vanity Accounts Sale :-)

jeezy

  • Jr. Member
  • **
  • Karma: +4/-0
  • Offline Offline
  • Posts: 53
    • View Profile
Logged

himmelsfaller2

  • Jr. Member
  • **
  • Karma: +4/-0
  • Offline Offline
  • Posts: 64
    • View Profile

this is getting superfunny. I bought 10 for 6681, now went out for 5262
66810-52620, thanks for taking 14190 Nxt.
I think it was foolish from me to trust you and to step in......the craziest thing
is that I make actually profit while mining qubit with graphic cards.
So R.I.P. Cryptocoins and maybe you should first solve your private situation
and build a reliable basic and work situation in which you can handle crisis, before stepping in as a hedge fund manager.
I'll survive it.
Logged

Neomadra

  • Sr. Member
  • ****
  • Karma: +37/-6
  • Offline Offline
  • Posts: 441
    • View Profile

Well, this is really sad. Fortunately I got out earlier but also with big losses.
Cryptocoins was very promising because it seemed to be serious and real. But I was getting worried after some time. On the website you can find profiles of 8 employess: http://cfa-consulting.ch/en/about-us
What have they done in the last months? And why have we never heard of any of them neither on this forum or on other platforms?

Logged

DoM P

  • Hero Member
  • *****
  • Karma: +114/-147
  • Offline Offline
  • Posts: 1115
    • View Profile
    • Crypto Finance Analysis Consulting

Guys, I need to say a few things :

1. CryptoCoins has been managed and is still being managed by a professional trader and at no point during this process has it been left alone. The only thing that suffered was communication and the presence of buy walls, due to both technical and personal problems on my side.
2. CryptoCoins was announced from the start to be a hedge fund bitcoin / euro. The fact that it is being exchanged on the AE doesn't make it a Nxt hedge fund. This means its value must be checked against Bitcoin and Euro, not against Nxt. If Nxt rises, the share's price drops in terms of Nxt. It's mathematical. If bitcoin rises and we've managed the fund well, then the share's price in terms of euros rises. If we are not invested in bitcoins when it rises, then the price stalls in terms of euros and drops in terms of bitcoins. And vice versa.
3. In the CryptoCoins documentation, it is said this fund has an investment horizon of at least one year, preferentially two. This is true for most funds. Funds are not created to be traded like stocks. Investors step in one day, see the price alternatively rise and fall, and, months and years later, step out, hopefully with profit. Expecting a fund to be necessarily profitable after 2-3 months is nonsense.
4. People may want to check that, although we underperformed bitcoin in February, we outperformed it in December and January, and leveled with it in March. All in all, someone who bought CryptoCoins the day of the launch and kept it through has more or less the same value in terms of euros than if he had bought Bitcoins.
5. Since it is my responsibility to have failed at communicating, I will offer a recovery plan for those who scared away at 500 Nxt a share. This will be done on my own money and not from the fund, naturally. I will contact them, but I need to do some more accounting first.
6. I saw people were questioning our investments and suspecting scam. Please do not jump to conclusions. It was asked to see what was done in terms of trades, and I find the request acceptable, but the details have to be worked out, because, naturally, I cannot give direct access to our accounts to anyone outside the fund.
7. People might want to realize that this fund is managed with the same quality for all investors, and that the number one investor, with over 90% of the cash, is... me. So if anyone gets scammed, I'll be first. As a matter of fact, I even sent 1M Nxt straight from my account to the fund's so have have Nxt liquidity.
8. I am still working out many problems I have, and that is why I am not spending much time communicating. But my partner still trades for the fund on a daily basis.


Again, I apologize for the lack of communication and I am working hard to straighten out the situation.
« Last Edit: March 17, 2015, 08:46:11 am by DoM P »
Logged
Have you heard of CryptoCoins? You should!
Crypto Finance Analysis Consulting: cfa-consulting.ch
Nxt : NXT-LP8G-9NHV-VUQB-58ZZF

zuqka

  • Sr. Member
  • ****
  • Karma: +32/-4
  • Offline Offline
  • Posts: 328
    • View Profile
    • nxt.zuqka.info

Guys, I need to say a few things :

1. CryptoCoins has been managed and is still being managed by a professional trader and at no point during this process has it been left alone. The only thing that suffered was communication and the presence of buy walls, due to both technical and personal problems on my side.
2. CryptoCoins was announced from the start to be a hedge fund bitcoin / euro. The fact that it is being exchanged on the AE doesn't make it a Nxt hedge fund. This means its value must be checked against Bitcoin and Euro, not against Nxt. If Nxt rises, the share's price drops in terms of Nxt. It's mathematical. If bitcoin rises and we've managed the fund well, then the share's price in terms of euros rises. If we are not invested in bitcoins when it rises, then the price stalls in terms of euros and drops in terms of bitcoins. And vice versa.
3. In the CryptoCoins documentation, it is said this fund has an investment horizon of at least one year, preferentially two. This is true for most funds. Funds are not created to be traded like stocks. Investors step in one day, see the price alternatively rise and fall, and, months and years later, step out, hopefully with profit. Expecting a fund to be necessarily profitable after 2-3 months is nonsense.
4. People may want to check that, although we underperformed bitcoin in February, we outperformed it in December and January, and leveled with it in March. All in all, someone who bought CryptoCoins the day of the launch and kept it through has more or less the same value in terms of euros than if he had bought Bitcoins.
5. Since it is my responsibility to have failed at communicating, I will offer a recovery plan for those who scared away at 500 Nxt a share. This will be done on my own money and not from the fund, naturally. I will contact them, but I need to do some more accounting first.
6. I saw people were questioning our investments and suspecting scam. Please do not jump to conclusions. It was asked to see what was done in terms of trades, and I find the request acceptable, but the details have to be worked out, because, naturally, I cannot give direct access to our accounts to anyone outside the fund.
7. People might want to realize that this fund is managed with the same quality for all investors, and that the number one investor, with over 90% of the cash, is... me. So if anyone gets scammed, I'll be first. As a matter of fact, I even sent 1M Nxt straight from my account to the fund's so have have Nxt liquidity.
8. I am still working out many problems I have, and that is why I am not spending much time communicating. But my partner still trades for the fund on a daily basis.


Again, I apologize for the lack of communication and I am working hard to straighten out the situation.

Bought for a friend from AccNr: NXT-JELL-LWTA-E27H-439UT, 14 Shares at 7'149
For myself, AccNr. NXT-2V7G-C8BY-KTYY-CAHNU, 10 Shares at 7'149

Now obviously am scared away and hit by a very big loss.
Logged
NXT-2V7G-C8BY-KTYY-CAHNU. Sponsoring 4 Full Nxt Nodes & demo.ardorplatform.org

DoM P

  • Hero Member
  • *****
  • Karma: +114/-147
  • Offline Offline
  • Posts: 1115
    • View Profile
    • Crypto Finance Analysis Consulting

Bought for a friend from AccNr: NXT-JELL-LWTA-E27H-439UT, 14 Shares at 7'149
For myself, AccNr. NXT-2V7G-C8BY-KTYY-CAHNU, 10 Shares at 7'149

Now obviously am scared away and hit by a very big loss.
I didn't say this fund has become a guarantied win with the risk paid from my pocket.
I said I'd work something out for people who sacred away at 500 because of my lack of communication.


On the 17th of December, when 14 shares were bought at that price, Nxt was worth $0.014893, bitcoin $323.74, the euro $1.2336.
This means that you bought 14 * 7149 (Nxt) * ($) 0.014893 * ($) 1.2336 =  1838,78€ worth of CCs.
For that price, you could have bought 1838,78 (€) / ($) 1.2336 / ($) 323.74 = 4,60 btc.

Now, Nxt is worth $0.013009, bitcoin $290.58, the euro $1.0495
Selling at 5262 Nxt per share, you got 14 * 5262 * ($) 0.013009 * ($) 1.0495 = 1005,78€
For that price, you could now buy 1005,78 (€) / ($) 1.0495 / ($) 290.58 = 3.3 btc

Knowing that there were 1% entry fees and 5% exit fees, that makes a net loss of 22%, most of it due to a bad move on the 26th of January.

I understand that I lost your trust, but I just can't repay every little bit you, as an investor, lose because of fluctuations of the market.
If you wish, I can resell these shares at no cost and give you the opportunity to stay with the fund, though I do understand that this offer won't suit you.
But, as an investor, you must be prepared to the risk of fluctuations, that's part of the deal, and that was specifically stressed out in the funds documentation, right from the start.

I am trying to give anyone involved an honest solution, but that specific subject is part from the normal risk.
People who sold off at 500 will recover from that loss, which, on the contrary, was due to me not communicating, and not to normal market fluctuations.

I hope you understand.




Logged
Have you heard of CryptoCoins? You should!
Crypto Finance Analysis Consulting: cfa-consulting.ch
Nxt : NXT-LP8G-9NHV-VUQB-58ZZF

Cassius

  • Hero Member
  • *****
  • Karma: +207/-18
  • Offline Offline
  • Posts: 2459
  • Rather be a pirate than join the navy
    • View Profile

Thank you for your update. I’m in Nxt for the long term, but sold my CCF at the lower price simply because I was extremely concerned about the ongoing lack of communication and was not convinced you’d be coming back or maintaining the fund in the medium term.

With that in mind, there’s a broader question here about whether you intend to stay around in Nxt and what kind of involvement your personal circumstances allow, and what mechanisms you have in place if the situation continues. Some clarity around that (including your role as treasurer for CFC) would be helpful.
Logged
I head up content for BitScan, crypto business hub.

boomabc

  • Jr. Member
  • **
  • Karma: +10/-2
  • Offline Offline
  • Posts: 16
    • View Profile

Do not under stand his logic.
Guys, I need to say a few things :

1. CryptoCoins has been managed and is still being managed by a professional trader and at no point during this process has it been left alone. The only thing that suffered was communication and the presence of buy walls, due to both technical and personal problems on my side.

He has not understood that communication is one of the most important things. There has been so much fraud everywhere. All investments at AE are more or less based on trust. Missing buy walls not a big thing? Come on.

Quote
2. CryptoCoins was announced from the start to be a hedge fund bitcoin / euro. The fact that it is being exchanged on the AE doesn't make it a Nxt hedge fund. This means its value must be checked against Bitcoin and Euro, not against Nxt. If Nxt rises, the share's price drops in terms of Nxt. It's mathematical. If bitcoin rises and we've managed the fund well, then the share's price in terms of euros rises. If we are not invested in bitcoins when it rises, then the price stalls in terms of euros and drops in terms of bitcoins. And vice versa.

Oh I understand  funds were managed bad as history shows that NTX is down BTC/EUR is up.

Quote
3. In the CryptoCoins documentation, it is said this fund has an investment horizon of at least one year, preferentially two. This is true for most funds. Funds are not created to be traded like stocks. Investors step in one day, see the price alternatively rise and fall, and, months and years later, step out, hopefully with profit. Expecting a fund to be necessarily profitable after 2-3 months is nonsense.

Only true for bad performing funds heard this so much as an excuse, but why should they perform better in the future?
 
Quote
Funds are not created to be traded like stocks. Investors step in one day, see the price alternatively rise and fall, and, months and years later, step out, hopefully with profit. Expecting a fund to be necessarily profitable after 2-3 months is nonsense.

In general maybe or maybe not.
Look at ETF´s they are designed to be traded like a stock. Fixed income funds are immediately profitable. If would not expect that a fund price would rise in the short term I would simply wait to buy. Do not understand this logic.

Get bored to write more....
Rating for this fund JUNK!

Logged

CryptKeeper

  • Hero Member
  • *****
  • Karma: +78/-5
  • Offline Offline
  • Posts: 1235
    • View Profile

Thanks for the (much needed) update, DoM P!

4. People may want to check that, although we underperformed bitcoin in February, we outperformed it in December and January, and leveled with it in March. All in all, someone who bought CryptoCoins the day of the launch and kept it through has more or less the same value in terms of euros than if he had bought Bitcoins.

How could the investors know that? Last reporting was done in December last year, so you kept your clients in the dark about the fund performance.

IMHO the future of this fund depends on re-establishing the missing transparency. Reporting must be done ASAP!

Logged
Follow me on twitter for the latest news on bitcoin and altcoins!
Vanity Accounts Sale :-)
Pages: 1 ... 5 6 [7] 8 9 ... 12  All
 

elective-stereophonic
elective-stereophonic
assembly
assembly