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Still waiting for dividend on Poloniex. Normally how long does it take for them to credit us?

Quote from: tesforex on August 03, 2016, 09:30:05 pm

Still waiting for dividend on Poloniex. Normally how long does it take for them to credit us?

It usually takes a few days to a week.

FYI ... Poloniex has still not paid Divs ...

Yes, still waiting for dividend for my 400 LQD's on Poloniex. Could you check for us, LibertyNow?

Unfortunately, sometimes it's taken 2 weeks for it to go out.  I've emailed, tweeted, and filled out a support ticket.  I'll do it again in a few days.  Have you filled out a ticket, yet?

same here

August 2016 Profit Summary

Assets: 327,859
Capital Before Dividend: 38.59 BTC
Capital After Dividend: 38.59 BTC
ROI: -76.39%
Total Profit: -124.89 BTC
Divs Paid: 0 NXT
Div/Asset: 0 NXT

As most of you already know, XMR cracked my bots last month for a lot of BTC.  At first I thought it was my algorithm, but after more research later, I found a bug in the code that incorrectly implemented the algorithm.

There are two options I see right now:

1) Raise more funds and continue going
2) Liquidate with a buy wall at the liquidation NAV price and let people cash out.

Some might wonder why not an option 3 where I just keep going with the small capital I have right now. Answer: Even though these are bots (automated trading) it still takes time to watch them, watch the markets, make sure they're running right, pay for the servers, answer questions about the fund, etc.  I'm not financially able to do all that for just a few bucks each month.

What I need to know right now from investors is "would you put more money into the fund if I kept it going at let's say 30-50NXT / share?".

If people still have faith in this system and we can raise another 100BTC or so (a little dilution, we could start making some money again.

Please post thoughts.

LibertyNow

Thanks for the update. I hold some LQD (bought when price was around 100NXT). I don't usually invest in trading bots but have appreciated your perseverance and openness. I thought the price of XMR went up, could you please explain how it going up caused you to lose so much capital - was it repeatedly buying XMR then selling it at a loss?

Personally I won't invest any more in the current asset, but I would be happy to hold if you decide to raise funds or sell if you are liquidating. Good luck in making the choice! Whatever you decide to do please announce it here in time for me to act as necessary.

Still trusting you, I can reinvest 1 to 5 btc

LibertyNow,

How would the funds be raised? Would you simply sell some of the LQD in reserve?

I would be willing to invest a little more (2-3 btc), but I would like details about the error and how you plan to limit losses in the future. This should be included in a message to investors as part of the marketing of the new capital funding round. Could you have the code reviewed by a third party?

As stated previously in the thread, we need to take some action to limit the losses from a single event.I understand that the fund is intended to be aggressive, but preservation of capital should still be a goal.

That being said, you've clearly demonstrated that there is significant money to be made running your tradebots, and dividends were high enough for me to be willing to commit some capital. Barring the losses, it was one of the best investments available in the cryptosphere.

I look forward to your responses.

-Paws1t1veEV

LibertyNow,

How would the funds be raised? Would you simply sell some of the LQD in reserve?

I would be willing to invest a little more (2-3 btc), but I would like details about the error and how you plan to limit losses in the future. This should be included in a message to investors as part of the marketing of the new capital funding round. Could you have the code reviewed by a third party?

As stated previously in the thread, we need to take some action to limit the losses from a single event.I understand that the fund is intended to be aggressive, but preservation of capital should still be a goal.

That being said, you've clearly demonstrated that there is significant money to be made running your tradebots, and dividends were high enough for me to be willing to commit some capital. Barring the losses, it was one of the best investments available in the cryptosphere.

I look forward to your responses.

-Paws1t1veEV

1) Yes, I would be effectively diluting the shares.  The process of it would be something like selling a different asset like LQDauction and then if we sold enough of that to meet the minimum goal, then I would send a one-time dividend of 1LQD/1LQDAuction when the auction was over.

2) I thought I had losses limited before.  Please remember that my entire crypto investment is in LQD, so I don't just lightly throw our fund money away.  I've tried to stay unemotional through this, but if I need to post the hundreds of sad faces that I realyl feel to convey that I do take this seriously, then I will.

3) Sorry, I won't be showing the code to a 3rd party. There's too much risk.

I appreciate the support, thank you!

Liberty

but what is different between old asset(LQD) and new asset?

No new asset. LQDauction would be temporary just to assist in raising more funds.

Let us take the following trade as an example:
09/01 09:16    08/27 13:29    ETC/BTC    3,008.20    222,641    225,529    13.491฿    86.88m฿    9.62m฿    77.26m฿    1.2

3,008.20 ETC was purchased on August 27 at price 222,641, value=6.67฿. Then 5 days later the investment was sold at 225,529, value=6.78฿. The profit after fees was 77.26m฿=0.077฿. Have a look at the plot below. I have marked the purchase date (approximately) with a green circle and the sell date with a red circle.


In my opinion, this plot illustrates the risk with the LQD trading robot:
* A relatively large amount (in this case more than half of the fund's BTC money) was locked up in a single trade
* The fund must potentially wait for many days (in this case 5 days) before a small profit can be made (in this case the profit was 1.2% of the amount invested)
* The fund has a maximum number of days it can stay invested. If the 1.2% profit can not be made in a certain number of days, then the fund sells out with a loss

It happens frequently that crypto-investments dump heavily and don't recover the value in many days. I think this is the biggest risk and fundamental flaw with the LQD trading robot. I don't think this is a bug which can be fixed easily. Increasing the number of days before selling out with a loss does not solve the fundamental problem. A 3rd party review of the code is not necessary - just analyse the trades which are posted at: http://www.liquidtech.info/trades

I appreciate the analysis, but your conclusions are not completely informed and thus not entirely correct. At the time when that trade started, it wasn't half the fund.  It was like 7BTC out of around 230BTC which is about 3%.  Sure, you could argue that XMR was a massive amount and as I stated before, I did trade larger amounts on markets that have not historically been pump and dumps, but reasonably stable usually no more than 50-100% swings. All things considered, even with that 300% swing, if I hadn't had the bug in my code, we wouldn't have taken the loss at all as the code would have corrected as intended and not over margined.

Your other points are interesting thoughts, but only sort of correct. I know everyone would love to know the exact details, but if I were to layout everything then it would be copied.

Yes, there is a trust element here as with any company or fund you invest in.  I will also admit that I knew it was possible I could be on the edge if one of the markets that I assumed was stable suddenly loses it's mind for a while (btw, XMR will come back down over the next few weeks).  I was hoping to get to 300BTC and then I was going to dial it back about half just in case...once again if that part of the code did not have a bug in it, we wouldn't be having this conversation at all.

To answer what I believe is the main thrust here...if I'm able to raise the funds I need to keep going (at least 100BTC) , here's what will be different.

1) The bug is fixed.
2) I will half the margin usage
3) Min. dividend payouts will be 50% of profit each month

Thanks for your comments and everyone else.  Please keep them coming. I'm hoping to have a decision by the weekend.
LibertyNow