Topic: Shouldn't new Fund GABI aka Global Advisors Bitcoin Investment Fund boost price? - page 2. (Read 12961 times)
August 02, 2014, 06:00:06 AM
Yep,GABI should drive the price up.
August 02, 2014, 04:59:06 AM
Well, today is the launch date and it looks like maybe GABI is buying some coins off the exchanges.
This could get crazy really fast now.
This could get crazy really fast now.
I don't think GABI is buying yet. They're accepting cash from investors, but I think what they're saying is that it will be September before they start buying BTC. (Of course, that could just be what they want us to think....)
Quote
But, Magnotti of GABI offers the most audacious theory of all:
For market watchers who want to test Magnotti’s theory, he’s planning to start trading at the start of September, so mark your calendars.
Quote
“I don’t want to blow my own trumpet on this one, but I think GABI ending its subscription period and going live on the market will be a serious catalyst.”
Magnotti says he’s been flooded with requests to subscribe to his fund, even from traditionally conservative institutional investors – although he wouldn’t be drawn on giving specifics, citing client confidentiality.For market watchers who want to test Magnotti’s theory, he’s planning to start trading at the start of September, so mark your calendars.
http://www.coindesk.com/market-monthly-stable-bitcoin/
August 01, 2014, 01:15:02 PM
I duno if its them buying the coins, but yeah like 4000 have been bought already, glad I listened to my contrarian indicator (falling) and bought those coins at 560. Lunch- paid for. 
August 01, 2014, 12:55:25 PM
This could get crazy really fast now.
It could! It might! But will it? 
August 01, 2014, 11:00:32 AM
Well, today is the launch date and it looks like maybe GABI is buying some coins off the exchanges.
This could get crazy really fast now.
This could get crazy really fast now.
July 29, 2014, 08:08:57 PM
exactly, I'm not talking about bitcoin hedgefunds. I'm talking about wall street in general. they usually have a very loose definition of 'fair play'
And this really should come as no surprise either. They play in a more or less zero sum game (they are not entrepreneurs that create things). They are traders. The only way they make money is if somebody else loses theirs. That's the nature, objective, and end of their profession. A finds a way to take B's money without breaking laws. Why we don't think that it is at least a disturbing possibility that A might just do everything they can to take B's money is kind of beyond me. Irrational exuberance. Play long term or hedge your bets.
These people are not even "traders" in the traditional sense of adding value to a product my moving it from a location where it is plentiful to one where it is scarce.
They profit from information asymmetry and the easiest way to find an information asymmetry is to create it yourself. If you do not know your edge against Wall street, don't play the game. But at the same time don't ignore your advantages. For example, many technical people have a natural edge... they can look at a company's products esp. looking at the new features and decide whether the engineering team is still vibrant. This analysis would tell you not to invest in microsoft, for example, and honestly google is in transition -- new google maps is horrible, everything being crammed under google+, Android integration with cars has gotten worse. Of course Google's momentum can keep it going for years.
...one famous retail investor followed his teenage daughters around the mall and invested in whatever they were excited about...
July 29, 2014, 07:19:45 PM
exactly, I'm not talking about bitcoin hedgefunds. I'm talking about wall street in general. they usually have a very loose definition of 'fair play'
And this really should come as no surprise either. They play in a more or less zero sum game (they are not entrepreneurs that create things). They are traders. The only way they make money is if somebody else loses theirs. That's the nature, objective, and end of their profession. A finds a way to take B's money without breaking laws. Why we don't think that it is at least a disturbing possibility that A might just do everything they can to take B's money is kind of beyond me. Irrational exuberance. Play long term or hedge your bets.
July 29, 2014, 07:18:14 PM
Hedge funds are unregulated so they don't have to disclose anything. Good luck finding any dirt on them
This Daniel Masters guy used to head energy trading at JP Morgan. His specialty was oil. Seems like JPM bought physical oil and hedged by selling oil futures. I was kind of surprised they took delivery of physical oil! He left cause JP Morgan closed down that division
Hard to say what his strategy is. He probably won't tell you unless you drop mucho duckets in his fund
Haha. I found out his wife is Blythe Masters. She's the one who created the 'credit default swap' that everyone used and contributed to 2008 GFC.
Very smart people, but also epitome of so called 'banksters' that bitcoiners love to hate.
This Daniel Masters guy used to head energy trading at JP Morgan. His specialty was oil. Seems like JPM bought physical oil and hedged by selling oil futures. I was kind of surprised they took delivery of physical oil! He left cause JP Morgan closed down that division
Hard to say what his strategy is. He probably won't tell you unless you drop mucho duckets in his fund
Haha. I found out his wife is Blythe Masters. She's the one who created the 'credit default swap' that everyone used and contributed to 2008 GFC.
Very smart people, but also epitome of so called 'banksters' that bitcoiners love to hate.
I would think that with the fact that the blockchain offers some transparency, we would be able at some point to see how many coins they are holding? It would be horrible if they indeed were just selling coins that they really don't have.
Can't say if they engage in naked short selling. That's pretty risky. Here's an article where he talks about his other fund
http://m.futuresmag.com/2010/04/01/global-advisors-the-best-of-both-worlds
July 29, 2014, 07:16:45 PM
Oh, it should also be noted that in Forex markets there are at least private institution rules against market manipulation (see CFA rules and guidelines) as well as exchange rules. Are they robust and do they actually prevent widespread abuses? Not really. But in Bitcoin there really is nothing at all preventing gobblydegoosh.
July 29, 2014, 07:15:04 PM
exactly, I'm not talking about bitcoin hedgefunds. I'm talking about wall street in general. they usually have a very loose definition of 'fair play'
July 29, 2014, 07:13:23 PM
Hedge funds are unregulated so they don't have to disclose anything. Good luck finding any dirt on them
This Daniel Masters guy used to head energy trading at JP Morgan. His specialty was oil. Seems like JPM bought physical oil and hedged by selling oil futures. I was kind of surprised they took delivery of physical oil! He left cause JP Morgan closed down that division
Hard to say what his strategy is. He probably won't tell you unless you drop mucho duckets in his fund
Haha. I found out his wife is Blythe Masters. She's the one who created the 'credit default swap' that everyone used and contributed to 2008 GFC.
Very smart people, but also epitome of so called 'banksters' that bitcoiners love to hate
This Daniel Masters guy used to head energy trading at JP Morgan. His specialty was oil. Seems like JPM bought physical oil and hedged by selling oil futures. I was kind of surprised they took delivery of physical oil! He left cause JP Morgan closed down that division
Hard to say what his strategy is. He probably won't tell you unless you drop mucho duckets in his fund
Haha. I found out his wife is Blythe Masters. She's the one who created the 'credit default swap' that everyone used and contributed to 2008 GFC.
Very smart people, but also epitome of so called 'banksters' that bitcoiners love to hate
It is entirely possible that they might crash the market so they can buy up cheap. With how much leverage there is on the market and with their financial backing this wouldn't be hard to do. They are playing poker pot rich and in poker if you have a large enough pot then you can wipe out the table either by stealing blinds or forcing them all-in repeatedly. With enough of a pot, you can wipe out the table. Remember, market manipulation is not banned in Bitcoin the same way it is on Wall Street.
My thoughts: (1) If you are playing intermediate to long-term then the influx of new players, even with the bull--- that might ensue -- is bullish; (2) If you are bargain shopping, you might get your chance but it is far from guaranteed; (3) if you are highly leveraged you might as well have just donated your Coins; and (4) if you are more of a trader than a holder then carefully hedge.
Will all of this come to fruition? Probably not. BUT, it is important to note that there is not a single reason why it couldn't happen. Be careful.
July 29, 2014, 07:08:14 PM
Hedge funds are unregulated so they don't have to disclose anything. Good luck finding any dirt on them
This Daniel Masters guy used to head energy trading at JP Morgan. His specialty was oil. Seems like JPM bought physical oil and hedged by selling oil futures. I was kind of surprised they took delivery of physical oil! He left cause JP Morgan closed down that division
Hard to say what his strategy is. He probably won't tell you unless you drop mucho duckets in his fund
Haha. I found out his wife is Blythe Masters. She's the one who created the 'credit default swap' that everyone used and contributed to 2008 GFC.
Very smart people, but also epitome of so called 'banksters' that bitcoiners love to hate.
This Daniel Masters guy used to head energy trading at JP Morgan. His specialty was oil. Seems like JPM bought physical oil and hedged by selling oil futures. I was kind of surprised they took delivery of physical oil! He left cause JP Morgan closed down that division
Hard to say what his strategy is. He probably won't tell you unless you drop mucho duckets in his fund
Haha. I found out his wife is Blythe Masters. She's the one who created the 'credit default swap' that everyone used and contributed to 2008 GFC.
Very smart people, but also epitome of so called 'banksters' that bitcoiners love to hate.
I would think that with the fact that the blockchain offers some transparency, we would be able at some point to see how many coins they are holding? It would be horrible if they indeed were just selling coins that they really don't have.
July 29, 2014, 07:05:17 PM
Hedge funds are unregulated so they don't have to disclose anything. Good luck finding any dirt on them
This Daniel Masters guy used to head energy trading at JP Morgan. His specialty was oil. Seems like JPM bought physical oil and hedged by selling oil futures. I was kind of surprised they took delivery of physical oil! He left cause JP Morgan closed down that division
Hard to say what his strategy is. He probably won't tell you unless you drop mucho duckets in his fund
Haha. I found out his wife is Blythe Masters. She's the one who created the 'credit default swap' that everyone used and contributed to 2008 GFC.
Very smart people, but also epitome of so called 'banksters' that bitcoiners love to hate.
This Daniel Masters guy used to head energy trading at JP Morgan. His specialty was oil. Seems like JPM bought physical oil and hedged by selling oil futures. I was kind of surprised they took delivery of physical oil! He left cause JP Morgan closed down that division
Hard to say what his strategy is. He probably won't tell you unless you drop mucho duckets in his fund
Haha. I found out his wife is Blythe Masters. She's the one who created the 'credit default swap' that everyone used and contributed to 2008 GFC.
Very smart people, but also epitome of so called 'banksters' that bitcoiners love to hate.
July 29, 2014, 06:38:01 PM
I agree, however GABI hasn't even launched yet. The question at hand (IMO) is have they already started accumulating, and if so are they primarily doing it OTC? I personally wouldn't expect to see a legitimate hedge fund actively, and knowingly, manipulating a market to such an extent to take their position. I'm no wall street guru, but I'd think that kind of activity is illegal.
There are zero rules against that in the BTC market right now. Perhaps that'll change but then again there aren't any rules against it in any forex market which is where Bitcoin may end up. 
i think you're giving them a little to much credit in the ethics department. do you know what these guys motivators are? money. that is all. if it is not clear cut ILLEGAL and fully banned, they will sure as hell do it if they can make a buck on it. to think that hedgefunds play fair is frankly ridiculous. ever heard of high frequency trading? its basically insider trading done by bots to get around insider trading laws (Its not illegal if the computer makes the trades instead of a person) and thats done in practically every major market.
SecondMarket was the first hedgefund. Its almost a year old. How have they manipulated the market? Please cite specifics. Thanks.
July 29, 2014, 06:16:07 PM
I agree, however GABI hasn't even launched yet. The question at hand (IMO) is have they already started accumulating, and if so are they primarily doing it OTC? I personally wouldn't expect to see a legitimate hedge fund actively, and knowingly, manipulating a market to such an extent to take their position. I'm no wall street guru, but I'd think that kind of activity is illegal.
There are zero rules against that in the BTC market right now. Perhaps that'll change but then again there aren't any rules against it in any forex market which is where Bitcoin may end up. i think you're giving them a little to much credit in the ethics department. do you know what these guys motivators are? money. that is all. if it is not clear cut ILLEGAL and fully banned, they will sure as hell do it if they can make a buck on it. to think that hedgefunds play fair is frankly ridiculous. ever heard of high frequency trading? its basically insider trading done by bots to get around insider trading laws (Its not illegal if the computer makes the trades instead of a person) and thats done in practically every major market.
July 29, 2014, 03:04:23 PM
I haven't seen anything saying that GABI will actually buy any bitcoins. Just a lot of video nonsense that doesn't mean anything.
Does anyone have anything resembling a prospectus? Otherwise, GABI may be VERY bad for bitcoin by increasing supply with bogus numbers of fake bitcoins.
Does anyone have anything resembling a prospectus? Otherwise, GABI may be VERY bad for bitcoin by increasing supply with bogus numbers of fake bitcoins.
July 29, 2014, 12:19:32 PM
I agree, however GABI hasn't even launched yet. The question at hand (IMO) is have they already started accumulating, and if so are they primarily doing it OTC? I personally wouldn't expect to see a legitimate hedge fund actively, and knowingly, manipulating a market to such an extent to take their position. I'm no wall street guru, but I'd think that kind of activity is illegal.
There are zero rules against that in the BTC market right now. Perhaps that'll change but then again there aren't any rules against it in any forex market which is where Bitcoin may end up. If there's money to be made and no laws to be broken then they may as well go for it.
July 29, 2014, 12:17:05 PM
I agree, however GABI hasn't even launched yet. The question at hand (IMO) is have they already started accumulating, and if so are they primarily doing it OTC? I personally wouldn't expect to see a legitimate hedge fund actively, and knowingly, manipulating a market to such an extent to take their position. I'm no wall street guru, but I'd think that kind of activity is illegal.
There are zero rules against that in the BTC market right now. Perhaps that'll change but then again there aren't any rules against it in any forex market which is where Bitcoin may end up. 
July 29, 2014, 12:01:26 PM
a hedge fund should have some strategy. If they just buy & hold, heck you can do that yourself
I agree, however GABI hasn't even launched yet. The question at hand (IMO) is have they already started accumulating, and if so are they primarily doing it OTC? I personally wouldn't expect to see a legitimate hedge fund actively, and knowingly, manipulating a market to such an extent to take their position. I'm no wall street guru, but I'd think that kind of activity is illegal.
The founder was a oil futures trader so I'm curious to what he plans to do w bitcoin
Trader? I suppose you could say that. He was the Global Head of Energy Trading at JPMorgan for six years.
July 29, 2014, 11:48:40 AM
Don't think they can get in the market so easily with 200M.
Maybe they will invest in alt coin ?
Maybe they will invest in alt coin ?
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