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Cavalier Crypto 101 (1 Viewer)

Jefferson the Caregiver said:
Let the man run this fund the way he sees best.  You are along for a ride, if you don't like, you have plenty of alternatives out there.

Interested in two more, I still don't truly believe in it but I do want to be in the game.  

Will await further instruction from the King of Crypto.
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Who are you even taking to here. Literally everybody has said Cav is in charge. Doesn't mean people can't give suggestions. Pretty sure he even asked for them. 

 
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Capella said:
Who are you even taking to here. Literally everybody has said Cav is in charge. Doesn't mean people can't give suggestions. Pretty sure he even asked for them. 
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I did ask for suggestions.  There is a weight with holding other peoples money.  I would feel no weight if this was in usd and a bank account.  

This is in crypto.  It is much worse.  I could get hacked, an exchange can get hacked.  I wanted to wallet DragonChain from kucion and the cost was 10 Dragon.  I couldn't pay that. Just didn't seem fair.

I did move some that were less costly into wallets but it cost us shares to move.  

 
So for new money, I think buying now is a huge upside for the group.  

I would not have 2 sets of investments for group 1 and 2 because there was new people and I would be competing against myself, and I just wouldn't do that.

 
I only have one sad share and would buy in for two more, either at a flat $200, or at a price that caused all shares to true up in value.

 
Now that new money is all group people.  That changes for me.  We can do 3 things.

One, no new money.

Two, we can paypal money to me that I hold and when it gets near to even I invest.

Three, have a subgroup.  New investments are not part of group.

 
Gawain said:
I only have one sad share and would buy in for two more, either at a flat $200, or at a price that caused all shares to true up in value.
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I really don't mind the FMV thing but it is not realistic.  Things will change between the time I get funds, to when I invest and we pick and arbitrary point in time to say, now.  This is the true value.  

I just don't like this, just too petty when everyone is already invested.  

 
I've been trying to follow along and don't want to muddy the waters. If you take new money, I'd be fine sending Paypal funds a day before a set buy-in time and possibly having a partial share. Just throwing it out there because I have no idea how hard it is to buy all of these cryptos.

 
IMHO, when 2 GM shares were worth $200, it would have made sense for new purchases to be prorated.

Right now, 2 GM shares are worth $112 - so it's not worth worrying about the small loss in equity for original investors if new shares are added at $100.

I'd suggest picking a day and publicizing it ahead of time, then any new shares must be added on that day for $100 each.

I also would like to see a max number of shares limit (e.g. 6) so there aren't some especially large investors.

 
NotSmart said:
IMHO, when 2 GM shares were worth $200, it would have made sense for new purchases to be prorated.

Right now, 2 GM shares are worth $112 - so it's not worth worrying about the small loss in equity for original investors if new shares are added at $100.

I'd suggest picking a day and publicizing it ahead of time, then any new shares must be added on that day for $100 each.

I also would like to see a max number of shares limit (e.g. 6) so there aren't some especially large investors.
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Sorry, but i don't want my 300 shares knocked down in value just so that some one can buy in at 100 and grab that value lost.   

There is no reason why people can't buy new shares at market value. 

in the end, Cav will cash out all, then deduct what was paid for them, then deduct the taxes he has to pay, and any fees, get a net number and divide by the number of shares and pay us out. 

The shares have to be bought at market value.  Or a new , separate group has to be created. But Cav does not want to compete against himself.  whatever the hell that means. 

 
I'd down for whatever...you call the shots Cav.  Whatever you feel is easiest for you.

I'd love to double up or buy more shares...whatever is allowed.  I've got 6 shares already...so I understand if you cap me and let everyone catch up to me.  But if you're asking my opinion...I'd like to have opportunity to get more also.

But I'm cool either way...I don't want to make this overly complicated or any more stressful than it needs to be.

 
Getzlaf15 said:
Sorry, but i don't want my 300 shares knocked down in value just so that some one can buy in at 100 and grab that value lost.   

There is no reason why people can't buy new shares at market value. 

in the end, Cav will cash out all, then deduct what was paid for them, then deduct the taxes he has to pay, and any fees, get a net number and divide by the number of shares and pay us out. 

The shares have to be bought at market value.  Or a new , separate group has to be created. But Cav does not want to compete against himself.  whatever the hell that means. 
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Set a date...and time...buy at that market value...regardless if it went up or down.  Just set it and make it happen...seems easiest.

 
tdoss said:
Set a date...and time...buy at that market value...regardless if it went up or down.  Just set it and make it happen...seems easiest.
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this.

I'm not buying more shares.  I've invested another 1600 since we started this. That's my limit.

 
Getzlaf15 said:
Sorry, but i don't want my 300 shares knocked down in value just so that some one can buy in at 100 and grab that value lost.   

There is no reason why people can't buy new shares at market value. 
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I'm equally fine with setting a market value price and letting new purchases happen at that price - it seems like that would be equally easy for Cav to do.

But is it really worth being concerned about some % loss on $36 profit?

 
Getzlaf15 said:
this.

I'm not buying more shares.  I've invested another 1600 since we started this. That's my limit.
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I kinda feel like this is me too. Bought a lot of ripple and BAT and feel like that's all I want. Also agree that shares have to be market price. You can't go buy Amazon stock at 1000 because that's what it was 3 months ago. That's crazy. 

 
NotSmart said:
I'm equally fine with setting a market value price and letting new purchases happen at that price - it seems like that would be equally easy for Cav to do.

But is it really worth being concerned about some % loss on $36 profit?
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it's not the money, it's the principle.  If I would have been told 6 weeks ago that I was to invest 100 and then give 6 percent of that to new investors would you do that?

That sounds like bitconnect.  lol. 

 
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Getzlaf15 said:
it's not the money, it's the principle.  If I would have been told 6 weeks ago that I was to invest 100 and then give 6 percent of that to new investors would you do that?
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I totally get your point and felt the same way when the profit was around 100%.

Now the profit is currently so small that I don't consider it worth worrying about.

But since it would seem equally easy to set a current share purchase price for a given day (e.g. it would be $112 today), that's probably the best way to handle it.

 
oops.

ambidextrous layup guy‏ @thelateempire

a ####coin startup called Prodeum just exitscammed with millions of investor dollars and left them the following message on their site

 
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I prefer the when it gets even then it gets invested.  Seems to me to be the far easier thing for taxes as well as following along on the spreadsheet.  I would bet we would be even at some point within the next week or 2 as well.  It has happened at least twice recently.

 
cincredfan said:
I prefer the when it gets even then it gets invested.  Seems to me to be the far easier thing for taxes as well as following along on the spreadsheet.  I would bet we would be even at some point within the next week or 2 as well.  It has happened at least twice recently.
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Doesn't matter on taxes.  Cav is paying the taxes and then we get the rest back.

 
NotSmart said:
I totally get your point and felt the same way when the profit was around 100%.

Now the profit is currently so small that I don't consider it worth worrying about.

But since it would seem equally easy to set a current share purchase price for a given day (e.g. it would be $112 today), that's probably the best way to handle it.
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Your logic is ridiculous.  If a share is currently worth $112, maybe new shares should go for $125.  Would make more sense for new investors to pay a premium than get a discount...

 
I say if we are going to gouge anybody, let's do it to all the idiots in the political forum. 

 
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I blame Capella for this downturn.  Greed kills.  Last week I could have bought an IPA on draft with the amount Mr One Share was up, today I can't even buy a High Life.

I feel like this was the point the Manager of the Fund was trying to drive home.  By the time he gets the next round of funding and it clears, it may very well be under water.  Doubt all the town criers will be on their bullhorns at that point.

When you are up less the cost of a double IPA, probably best to trust the process. 

 
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