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Author Topic: General Information  (Read 23313 times)

ThankYouMaam

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Re: General Information
« Reply #20 on: August 26, 2016, 10:00:17 am »

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I am sure you can find some solutions to the pump&dump problem. Don't trade on margin. Don't go all in on one coin. Set a more aggressive stop loss. Don't trade during periods of high volatility. Yes, this will reduce the profits, but it's better than losing almost everything at regular intervals. No one demanded the fund to grow 50% per month.
I like the way this fund is working.  Glad I have a chance to buy more cheaply.  If you don't like it, you can always sell.

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If the fund was liquidated at the current size of 77 BTC, each asset would be worth 0.00023 btc, way under the current market price. That's not a good resolution for investors.
This has been the case since inception.  If the fund traded at liquidation value, that essentially means you don't think LibertyNow is adding any value to the capital.  If you can't handle losing 50% of fund value, go invest in T-notes.  Seriously, if you haven't had a portion of your crypto portfolio vanish or shrink by 90% you are either insanely lucky or very new. 

The fund promises unprecedented transparency, not that you get to run it.  Obviously the bot is a work in progress, but that is how it has to be.  I'd rather have LibertyNow running and developing it than myself, or anyone complaining.
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Paws1t1veEV

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Re: General Information
« Reply #21 on: August 27, 2016, 01:49:29 am »

Hey everyone, I understand that the loss and trade size is quite large, but this is an aggro fund.  You can't grow a fund at 50%+ a month without this risk.  There's a lot of Monday quarterbacking going on right now. It's not like it was obvious to everyone that XMR was going to pump 300%+ in a few days due to minor news, a pump group, and Poloniex breaking the wallet so no deposits could be made.  This is the first time this kind of thing has happened in a relatively stable market like XMR which is also being used as a base currency.  I code the bot for historical data and guesses at future pricing.

As I've mentioned several times, the software is beta and it's a high risk investment.  I will keep fine tuning and working on the adjustment algorithm.

With regards to Poloniex, they haven't responded to my multiple requests for dividend payout since Aug. 1.  It was a weird coincidence that they delisted as soon as that XMR pump happened.  I still have not heard back from they why, but I'm guessing they're probably tired of having to distribute the dividend each month.

Thank you for the statement.

LQDs transparency is unmatched, and it is clear that the you are able to manage the fund with great returns, barring the few hiccups.

I am still a supporter and hope that we keep the fund going, the revenues are worth the occasional stomach turning loss...

Still, I hope we learn from our mistakes and keep improving. If we can keep returning a BTC today we should make up for our losses shortly.

Thanks again for your honesty and transparency.

-Paws1t1veev
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gh

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Re: General Information
« Reply #22 on: August 27, 2016, 06:19:05 am »

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« Last Edit: February 05, 2017, 05:27:02 pm by gh »
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gh

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Re: General Information
« Reply #23 on: August 27, 2016, 06:34:46 pm »

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« Last Edit: February 05, 2017, 05:26:54 pm by gh »
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ThankYouMaam

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Re: General Information
« Reply #24 on: August 28, 2016, 08:02:33 am »

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08/28 02:12   08/27 12:22   XMR/BTC   7,083.78   1,216,880   892,758   149.581฿   -22,960.10m฿   139.21m฿   -23,099.31m฿   -26.8

Wow, it happened again.

This is making me worry.
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gh

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Re: General Information
« Reply #25 on: August 28, 2016, 09:11:36 am »

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« Last Edit: February 05, 2017, 05:26:22 pm by gh »
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ThankYouMaam

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Re: General Information
« Reply #26 on: August 29, 2016, 02:34:22 am »

I'd like to make a suggestion that maybe spot on, or maybe too basic.  Google Kelly Criterion (apparently I cannot post links or even plain urls)  This is what I use for determining my game size in poker or bet size in sports.  I understand that Warren Buffet uses this method as well.
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gh

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Re: General Information
« Reply #27 on: August 29, 2016, 09:48:24 am »

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« Last Edit: February 05, 2017, 05:26:13 pm by gh »
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LibertyNow

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Re: General Information
« Reply #28 on: August 30, 2016, 06:58:19 pm »

Disappointing news here. Yes, that balance is accurate.  I took another big loss on the 2nd XMR pump after I adjusted the algorithm.

This surprised me of course because I felt like the adjustment would work really well.  I started looking things over again and realized that the problem wasn't the algorithm itself, but the code running it had a bug in it. sigh...I fixed the bug and am running the code again.  Still not sure what I'm going to do.  I need more capital to make it worth continuing, but of course, who's going to invest capital after these big losses...I'll keep everyone posted.
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LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

ThankYouMaam

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Re: General Information
« Reply #29 on: September 01, 2016, 06:25:36 am »

Hey LibertyNow

I really like this project and I really hope it succeeds.  I'm sorry for what has happened in the last couple of weeks.  I have a few unsolicited ideas that I hope are worth considering.

I think you're right, raising capital right now might be a tough sell.  But after a couple of solid winning months I think interest will be regained quickly.  To that end, I would take some of the forex $ and move it to polo, back to, for example, the proportion it was at before the two big shorts. 

Obviously the consequences for problems can be dire.  Maybe if there were two, three or more versions running at the same time with different accounts, bugs would be found more easily, and their consequences, once introduced would be lessened.  You could break down the funds into some proportion, 1:10:100 or something so that the most stable has the most funds. 

I mentioned the Kelly Criterion in an earlier post, it's worth coming up with an adaptation of it for this marketplace.  That would maximize profit and mitigate risk.

I think just liquidating it now would be a sad end to a really good project with a lot of potential.  With the biggest kinks worked out, this could be a project with different versions spun out like mutual fund brands.  I would hate to see a gigantic opportunity like that vanish because of a bug.

Liquid could be really really big.  Putting in a few solid months could forge a really bright future.  Best case scenario, Liquid gets back on track quickly and can be spun off into different projects, worse case scenario, is about the same as it seems now.

Best of luck.

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LibertyNow

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Re: General Information
« Reply #30 on: September 01, 2016, 03:22:02 pm »

Hey LibertyNow

I really like this project and I really hope it succeeds.  I'm sorry for what has happened in the last couple of weeks.  I have a few unsolicited ideas that I hope are worth considering.

I think you're right, raising capital right now might be a tough sell.  But after a couple of solid winning months I think interest will be regained quickly.  To that end, I would take some of the forex $ and move it to polo, back to, for example, the proportion it was at before the two big shorts. 

Obviously the consequences for problems can be dire.  Maybe if there were two, three or more versions running at the same time with different accounts, bugs would be found more easily, and their consequences, once introduced would be lessened.  You could break down the funds into some proportion, 1:10:100 or something so that the most stable has the most funds. 

I mentioned the Kelly Criterion in an earlier post, it's worth coming up with an adaptation of it for this marketplace.  That would maximize profit and mitigate risk.

I think just liquidating it now would be a sad end to a really good project with a lot of potential.  With the biggest kinks worked out, this could be a project with different versions spun out like mutual fund brands.  I would hate to see a gigantic opportunity like that vanish because of a bug.

Liquid could be really really big.  Putting in a few solid months could forge a really bright future.  Best case scenario, Liquid gets back on track quickly and can be spun off into different projects, worse case scenario, is about the same as it seems now.

Best of luck.

Yes, we are going to start moving some FX money back into the bot fund, but it still isn't enough to cover "expenses".  The multiple fund idea is good, but it's a lot of time/work which I don't have at the moment.  So far in the last 18 months, I'm still way down on my own personal investment not to mention the thousands of hours I've spent on this.
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LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

Bonez0r

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Re: General Information
« Reply #31 on: September 02, 2016, 10:16:10 pm »

I'm probably missing something, but why is the September profit so far -5 btc in the summary tab at liquidtech.info, but the September profits in the trades tab add up to +0.032 btc?
« Last Edit: September 02, 2016, 11:00:20 pm by Bonez0r »
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ThankYouMaam

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Re: General Information
« Reply #32 on: September 03, 2016, 03:49:26 am »

Quote
I'm probably missing something, but why is the September profit so far -5 btc in the summary tab at liquidtech.info, but the September profits in the trades tab add up to +0.032 btc?
I think a lot of it has to do with the fact that right now most of the fund's capital is held in USD and BTC just went up, which means fewer BTC, but I don't think that's all of it.
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LibertyNow

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Re: General Information
« Reply #33 on: September 03, 2016, 11:34:45 am »

Quote
I'm probably missing something, but why is the September profit so far -5 btc in the summary tab at liquidtech.info, but the September profits in the trades tab add up to +0.032 btc?
I think a lot of it has to do with the fact that right now most of the fund's capital is held in USD and BTC just went up, which means fewer BTC, but I don't think that's all of it.

It's partially that and I had like 13BTC left as part of that last broken XMR short where I lost that 2nd batch of money before I caught the bug.  Mike and I weren't sure whether close it or wait for the dump which would have made about 10BTC. Anyways, as you can see the pump is still alive so it cracked that last 10BTC. sigh....
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LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

gh

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Re: General Information
« Reply #34 on: September 03, 2016, 12:12:31 pm »

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« Last Edit: February 05, 2017, 05:25:31 pm by gh »
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LibertyNow

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Re: General Information
« Reply #35 on: September 03, 2016, 04:51:28 pm »

Why not run LQD on a smaller scale for a while (6-12 months) with 10 BTC or less? When the software has proven itself and is out of beta testing mode, then you can have another LQDAuction and increase the stakes. I think more people would be willing to invest after a period of proven results and documented risk management. Right now, after a loss of more than 200 BTC (or $114,000) I don't think many will invest.

I posted this over on the dividend thread: "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."

As another aside, it almost ran for 6 months before hitting this weird situation that exposed my bug.  There's no guarantee waiting around for another 6 months will prove anything.
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LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

LibertyNow

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Re: General Information
« Reply #36 on: September 07, 2016, 03:36:02 pm »

Mainly due to the overwhelming positive feedback from so many investors, I've decided to continue running LQD.  I have listed shares in blocks of 20,000 shares starting at 16NXT and going up to 32NXT.  This would put our total outstanding shares at 500k. Please see this spreadsheet for an approximate ROI depending on average investment price.  https://docs.google.com/spreadsheets/d/1glN_eego3N1vXH530a93l_hJpFmDmV7dER_SjRdK6oM/edit#gid=0

As is my style, I decided not to make this announcement flashy or glossy.  Please review the numbers and invest what you can afford and makes sense for you.  I will also be investing even more of my own personal funds.

As I've already mentioned, the bug that caused the loss last time is fixed.  I've also lowered capital use/trade, made some slight variations to the algorithm and most importantly, I've coded a tight stop loss control that should prevent an large future losses, by settling for smaller losses. 

All questions are welcome. Thank you to so many of you that have stuck with me through all the ups and downs and for your constant encouragement.  Here we go again!

LibertyNow

Feel free to contact me on Slack, Twitter, email, or here if you want to buy with just BTC.  I will OTC for you, 2BTC minimum.  We'll use the NXT/BTC price on the balances page: http://www.liquidtech.info/balances
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LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

huafei

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Re: General Information
« Reply #37 on: September 09, 2016, 10:19:47 am »

any thing about risk management ?
we don't want to lost an other half of fund
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jrmoreau

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Re: General Information
« Reply #38 on: September 09, 2016, 10:33:28 am »

So, I only just learned about this now. How can I buy shares? It was DE-listed on Poloniex, yes? What other options are there?

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LibertyNow

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Re: General Information
« Reply #39 on: September 09, 2016, 10:53:18 am »

any thing about risk management ?
we don't want to lost an other half of fund

I added tighter stop loss controls, lowered capital usage and fixed the bug.
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LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE
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