So in just 5 days we have the largest fund to date opening, the GABI or Global Advisors Bitcoin Investment fund
see: http://www.globaladvisors.co.uk/
Although similar to Second Market, this fund will be at an even larger scale. They have been silent on where the coins are coming from and how many they may already have but I had read at one point that $200M was expected to be invested in the first 6 months. (this was on a Newsweek article but that part appears to have been taken out now.)
I would think that since we are on the brink of this happening in a few days that some panic buying would already be taking place but instead we have some dumpers. This seems crazy to me.
Thoughts?
see: http://www.globaladvisors.co.uk/
Although similar to Second Market, this fund will be at an even larger scale. They have been silent on where the coins are coming from and how many they may already have but I had read at one point that $200M was expected to be invested in the first 6 months. (this was on a Newsweek article but that part appears to have been taken out now.)
I would think that since we are on the brink of this happening in a few days that some panic buying would already be taking place but instead we have some dumpers. This seems crazy to me.
Thoughts?
get rich quick won't happen !
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k) + https://www.ethereum.org/ Over 8000 bitcoins is being held by this new project. As long as there are more investors, price of bitcoin will keep dropping due to cashing out.
But we are talking about a $200 million investment here. At even $1000 per coin that would be 200,000 coins. Maybe they can get some off an exchange or already have but if not there is no way the price can stay this low, even with these people that are trying to sell coins. Plus, as the price rises even slightly more people will want coins and the demand will increase even more.
$200 million is nothing compare to this huge cashing out, that's why people lost hopes and still dumping even now.
beside these money might stop getting in when they realize the situation
fallling - put your money where your mouth is. I will bet you $6000 that BTC is worth over $700 on Jan 1st 2015.
If you don't accept it's because either you are broke and don't know the first thing about making money or your just a bull in bears clothing, trying to get cheaper coins.
Take the bet. Or be exposed.
I figure with a name like "falllling" he can't help but be pessimistic about the price.
No need for me to bet. I am already "all in" just by holding as much coins as I can afford (if not more than I really should afford) at this point.
well my name won't change anything about the market trend, you know we are in the bear market, just dropped to $57x, buy more lose more
