Topic: 2013-03-08 Forbes/Matonis First Bitcoin Hedge Fund Announced (Read 5084 times)
at least not gamble in a way you and I can understand...
Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
They have been acquiring BTC over the last 6-9 months or even earlier, but they wouldn't say their entry price. I'm fairly certain that their average is sub-$15. This is just the first time they've talked about it for a formal announcement. The $3.2 million is an estimate based on current BTC assets of 80,000 at $40:1 BTC exchange rate.
A hedgefund is gambling? Shouldn't they normally try to be "risk-neutral" and go for the safe buck?
Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
They have been acquiring BTC over the last 6-9 months or even earlier, but they wouldn't say their entry price. I'm fairly certain that their average is sub-$15. This is just the first time they've talked about it for a formal announcement. The $3.2 million is an estimate based on current BTC assets of 80,000 at $40:1 BTC exchange rate.
A hedgefund is gambling? Shouldn't they normally try to be "risk-neutral" and go for the safe buck?
Great article!
Guess Matonis changed his mind about the whole regulation thing
Guess Matonis changed his mind about the whole regulation thing
Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
They have been acquiring BTC over the last 6-9 months or even earlier, but they wouldn't say their entry price. I'm fairly certain that their average is sub-$15. This is just the first time they've talked about it for a formal announcement. The $3.2 million is an estimate based on current BTC assets of 80,000 at $40:1 BTC exchange rate.
Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
They have been acquiring BTC over the last 6-9 months or even earlier, but they wouldn't say their entry price. I'm fairly certain that their average is sub-$15. This is just the first time they've talked about it for a formal announcement. The $3.2 million is an estimate based on current BTC assets of 80,000 at $40:1 BTC exchange rate.
aha, so they're the ones. lol
Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
They have been acquiring BTC over the last 6-9 months or even earlier, but they wouldn't say their entry price. I'm fairly certain that their average is sub-$15. This is just the first time they've talked about it for a formal announcement. The $3.2 million is an estimate based on current BTC assets of 80,000 at $40:1 BTC exchange rate.
Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
They will act as a regulated, intuitive and safe proxy for rich investors to buy bitcoins. Bought bitcoins will be stored in a TrueCrypt container.Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
Okay - hence the 100k$ min. That's for setting up all the secure storage things etc... What's the 3.2M then?
Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
They will act as a regulated, intuitive and safe proxy for rich investors to buy bitcoins. Bought bitcoins will be stored in a TrueCrypt container. Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
I can just picture some Wall Street veteran hedgie reading this article and seeing all the steps needed to protect a bitcoin investment and then after looking up how Shamir's Secret Sharing Service works thinking that maybe March 2013 would be a good month to enter retirement before it gets just too complicated.
Hahahaha man that cracked me up.
Let's help ukyo, MP, and burnside convince these big investors to put massive quantities of cash into the securities trading on their exchanges!
Regulated hedge fund investing on fly-by-night illegal securities exchanges? Right...
It's only illegal when you get caught and don't pay the lawyer caste their massive due sum...
Let us act as if we are free, and expect the rest of the world to follow our example.
That is the gift of Satoshi!
No USA allowed. 
... but in this case Canada is allowed since it is not treated as the 51st state.
Let's help ukyo, MP, and burnside convince these big investors to put massive quantities of cash into the securities trading on their exchanges!
Regulated hedge fund investing on fly-by-night illegal securities exchanges? Right...
Let's help ukyo, MP, and burnside convince these big investors to put massive quantities of cash into the securities trading on their exchanges!
I can just picture some Wall Street veteran hedgie reading this article and seeing all the steps needed to protect a bitcoin investment and then after looking up how Shamir's Secret Sharing Service works thinking that maybe March 2013 would be a good month to enter retirement before it gets just too complicated.
Hahahaha man that cracked me up.
Does it explode 40s after lift-off?
Dude! this is a Saturn V. Only vehicle ever to bring us to the moon.
Does it explode 40s after lift-off?
I can just picture some Wall Street veteran hedgie reading this article and seeing all the steps needed to protect a bitcoin investment and then after looking up how Shamir's Secret Sharing scheme works thinking that maybe March 2013 would be a good month to enter retirement before it gets just too complicated.
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