RE: RE: AMFEIX - The First Blockchain Fund Built On Smart Contracts
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RE: AMFEIX - The First Blockchain Fund Built On Smart Contracts

RE: AMFEIX - The First Blockchain Fund Built On Smart Contracts

Reading the comments, it seems people have been burned by other investment platforms, so they can't believe in genuine transparency by any... or that someone might make a living successfully trading other people's money for a % rather than just trading their own money. It's the old, "if they are so good at making money, why are they teaching it to others?" trope.

Yet there have been billion dollar investing funds all around the world for quite some time when it comes to stocks, bonds and commodities. I see no reason why there couldn't be for crypto too. Your fee is pretty steep at 20% when such actively traded funds typically only charge more like 3-10%, but it seems you're splitting that 20% 50-50 with referrers as your marketing model.

Well, I wish you the best. For an American investor this can be a very good option for growing one's BTC without generating taxable events. If an American was to actively trade the exact same trades you're making in the fund, they'd lose all profits to taxes on every single leg of the trade within a rising market. But if they invest, they only owe taxes on the profits they pull out. They aren't doing the trades, and I'm guessing you aren't Americans, so don't owe taxes on the trades you're doing. Very smart.

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