Are crypto hedge funds still a good business? - page 2.

The Sceptical Chymist

legendary

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Quote from: exstasie on February 17, 2020, 04:40:25 PM

Starting a hedge fund now is probably like starting one in 2016.

I wasn't aware there were such things, but I agree with you about the above. I'm not sure if we're starting another huge bull market or not, but bitcoin and altcoins are both up quite a bit compared to where the market's been the past two years.

I don't know what crypto hedge funds do exactly (aside from holding/trading coins), but starting one now might be a bad idea but if someone had started one in 2018-19 they might be poised to make some decent money. Not sure how many people would have had the intestinal fortitude to do so after everything looked dead for a long time--especially the altcoin market.

exstasie

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Quote from: cryptokangaroo on February 17, 2020, 09:59:09 AM

There were lot of them and many havent survived the crypto winter. But as the thaw is probably coming, is crypto hedge fund a good business to start?

Probably. Starting a hedge fund now is probably like starting one in 2016. We're definitely in a strong bull market. Capital will continue flowing into altcoins, and there will definitely be some 10-1,000x+ opportunities in the next year or two depending on current level of market cap.
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milewilda

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Quote from: cryptokangaroo on February 17, 2020, 09:59:09 AM

There were lot of them and many havent survived the crypto winter. But as the thaw is probably coming, is crypto hedge fund a good business to start?

You can start but it wont really be an easy path for you to gain trust.Basing on what happened in the past which involves scams and failures then it wont really be that surprising when in the talks of hesitance.

Try to read up above's sentiment which is indeed an on point one.

jackg

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It probably depends on what you're trying to do and how trusted/well insured you are.

There's probably a market for basket funds and managed funds targeting towards the older generations that may not be accustomed to technology but you might be more usable and trusted if you can get someone to insure you or sell your idea to a company instead of going it alone. A lot of the previous funds were probably scams in a lot of cases.

cryptokangaroo

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There were lot of them and many havent survived the crypto winter. But as the thaw is probably coming, is crypto hedge fund a good business to start?

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