Topic: BTC/USD: Ready for "The Running of the Bears"? - page 5. (Read 19779 times)

No, now is not the time for 99.99% of institutional investors. Do you know anything about institutional investors and their typical risk appetites?? BTC is exactly the type of investment in which they would never invest. The systematic risk is ridiculous (Mt. Gox, DDoS induced panics, or worse, etc). The liquidity is too low to even register on their radars and they typically do not chase performance. And, quite frankly, money managers in the space would never be fully sold on the concept. No, institutional investors are the most risk averse investors out there, normally seeking only the most stable and consistent returns.

Tradehill and the tiny Malta based hedge fund are using the term 'institutional investors' to add legitimacy to their model. Small hedge funds always target HNWIs and 'institutional investors' in their marketing materials because it sounds good even though many rarely get an institutional client. Selling a fund to institutions is no easy task even when dealing with assets and asset classes that have long histories. They typically only invest with managers who have extensive track records (many, many years) or in assets that have been around for awhile.

The Malta fund is simply a vehicle (and a tiny one, at that) that it is not actively managed and is non-discretionary. They do not have a US based feeder and cannot accept HNWIs from the US. Tradehill has a $10K minimum, which hardly sounds like it's truly directed at institutional clients who typically don't even look at investments that can't handle at least $5 - $10MM (in a single subscription). And the way BTC is so closely held, relatively low volume makes big waves. I like that Tradehill is trying to address this with dark pools, but I am not convinced they have the ability to sell it to 99.99% of institutional investors.

Huh?? Grasping at straws again. I've always expected a short-term correction to happen at some point - it is bound to - but that is NOT a reason to SELL. Think on that for a bit. Just because additional profit is possible is not all by itself a reason to chase it.

I guess there'll be some more dumps below 100 USD, but continuing fiat influx will increase the bid side to the point when it will explode and price will shoot higher. We may not hit 100 next week yet, but with this much of fiat pouring in, it is inevitable. Don't bet on the crash yet 

LOL so now we're all flip-flopping? 

At least deathcode is gonna stick to his guns haha 

I dunno, a slowdown could take the form of a big temporary drop, just because of Bitcoin volatility, but I'm thinking the $10 million in bids will prevent that.

lose 1000% percent...like -900%?....hmm so around -$900/btc? 

Well there has to be a slowdown at some point, otherwise we'll be at $100,000 by Fall 2013, so it doesn't take many balls to call for a correction, even a further correction from this point as we're still above the insanely exponential fast growth path that started in January.

I've reached the point where I more hope the price goes up to quiet these arrogant bears than for the actual profits

Why would I stop if I know that i am in their heads. Markets are a psychological game. As far as I can tell the bulls have gotten underneath the skin of all the bears.

Agreed, I think the bulls are about to get waxed.  Starting tonight.

Man I'm so tempted... LMAO but I'll remain quiet and I'll refrain from comments as promised!

No i've been an asshole for much longer than this thread. Dont give yourself that much credit. I stick to the facts, if you don't like it please cry more and sell bit coins at lower prices. I will gladly take your profits/money. 

Your asshole friend,

Smoothie

Wow... nice...  But don't get too philosophical. It was smoothie I made that chart for... smoothie...  

So yes, I was sort of "trolling" (hence the troll face) because he's been an asshole since he set foot in this thread. And your own reply I quoted above was an exponentially more cunning and masterful troll post, if I ever saw one. Well done -- I have been out-trolled!  

On a serious note, I think we might break below the $75-$70 range as soon as tonight, and selling will begin to intensify. I'll be looking for some bounciness down below at old S/R levels. Keep an eye on it, because it's about to get interesting.  

Regards,

--ATC--

Says the guy who created this thread? lol....okay shut up lol

lulz 

Let's all just shutup and watch the price? 

It's not trolling, it's carrying the defiant and evasive habits of a child into adulthood in an attempt to save face. Trolling is trying to get a rise out of people. They sometimes look similar, but the intentions are different. I'm cool with people not being fully mature, as long as they are actually trying to add value in the first place, and I think OP sincerely was.

LOL, you're jumping the gun a little!!! hahah
He sold at 71...  how is that being right on the mark? he's off by a lot! this is just a correction and BTC changing hands...
It was at 95.70 this morning!!!! We'll see $90 again tomorrow!

lol yeah I guess putting up a 5 minute chart can calling it a DEAD CAT BOUNCE with a troll face is not "trolling".

I don't think OP qualifies as a troll, just a misguided bear.

In other words they are trying to TROLL the price down but in doing so and selling they actually end up shooting themselves in the foot. 

Note that the price shot up after the OP, and only fell so fast because it had just gone up so fast, and even at its nadir never reached as low as OP's selling price. It did all this after OP sold. Imagine if the situation were reversed. I expected a surge and bought, the price tanked, then it surged upward momentarily - but still less than it had fallen - and came back down again, me in the red the entire time. Do I get to say I called the surge?

This is what we call "grasping at straws." It's interesting that the recent wave of trolls and new bears all seem to have the same personality characteristic where they will grasp at anything and try to use it as evidence, even if it makes no sense at all upon closer inspection. Oh, and the other commonality is they all do it with a certain degree of attitude and the expectation of tiny memory span from other users.