More and more hedgefunds are shutting down because of the tanking bitcoin prices: https://www.marketwatch.com/story/how-bitcoins-meltdown-is-ravaging-hedge-funds-2018-11-21
This is bad but expect that in years to come many good news are going to hit the market that the market is going to recover in any high volatile ways. Though what we are seeing in the market now was not expected but let keep hope that the future is bright. 
Topic: crytpto hedgefunds are shutting down massively - page 2. (Read 333 times)
More and more hedgefunds are shutting down because of the tanking bitcoin prices: https://www.marketwatch.com/story/how-bitcoins-meltdown-is-ravaging-hedge-funds-2018-11-21
This is good news.We don't need crypto hedge funds.They are just a middleman,who gets commisions from new customers,who deposit crypto into the hedge fund.That's how they make money.I really doubt that they have any return of investment from crypto trading.No crypto noobs getting into the market>no fresh money for the hedge funds,hence bankrupt.
Interesting article, though I thought there was another thread about this somewhere.
I had no idea there were so many crypto hedge funds in existence, but they must be pikers and not doing much hedging if they're headed toward shutting down as this article suggests. Would have been nice had the article provided more information about the names of these funds and how much capital they are/were managing.
Some people have no business trying to manage money. Frankly if you can't stay solvent throughout a bad year in crypto, it's probably best not to have other people's funds under your control. It has been one hell of a year for bitcoin. Couldn't these funds have shorted the market? Obviously that's not very pro-crypto, but given the downward trend it would seem like money managers could have foreseen some of this coming and actually did some hedging with short sales.
Ah well, Darwin always wins in the end, just like entropy.
I had no idea there were so many crypto hedge funds in existence, but they must be pikers and not doing much hedging if they're headed toward shutting down as this article suggests. Would have been nice had the article provided more information about the names of these funds and how much capital they are/were managing.
Some people have no business trying to manage money. Frankly if you can't stay solvent throughout a bad year in crypto, it's probably best not to have other people's funds under your control. It has been one hell of a year for bitcoin. Couldn't these funds have shorted the market? Obviously that's not very pro-crypto, but given the downward trend it would seem like money managers could have foreseen some of this coming and actually did some hedging with short sales.
Ah well, Darwin always wins in the end, just like entropy.
More and more hedgefunds are shutting down because of the tanking bitcoin prices: https://www.marketwatch.com/story/how-bitcoins-meltdown-is-ravaging-hedge-funds-2018-11-21
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