Topic: Wallstreet guys won't buy from exchanges - page 2. (Read 2240 times)
THey are making deals with bitcoin payment processors or retailers like Dell, imo.
buying into the winklevi ETF is a counterparty risk too, isn't it? i'm not an expert on ETFs, but they could sell "shares" of bitcoins without actually buying any to back up the assets, couldn't they?
No 
buying into the winklevi ETF is a counterparty risk too, isn't it? i'm not an expert on ETFs, but they could sell "shares" of bitcoins without actually buying any to back up the assets, couldn't they?
I think they would just wait for a professional, properly regulated fund. Why take the counterparty risk dealing with these exchanges? They could disappear in an instant.
You mean like the Winklevoss ETF?
I think they would just wait for a professional, properly regulated fund. Why take the counterparty risk dealing with these exchanges? They could disappear in an instant.
The bitcoin price is defined by exchanges. Even if they buy outside exchanges, they will need to go for them to sell and do the manipulation stuff.
How will they sell bitcoins off exchange?
How will they sell bitcoins off exchange?
So, if they buy off-market and then dump on an exchange, the price will drop, and they would lose money.
I don't know if they would do that.
The bitcoin price is defined by exchanges. Even if they buy outside exchanges, they will need to go for them to sell and do the manipulation stuff.
How will they sell bitcoins off exchange?
How will they sell bitcoins off exchange?
Doesn't matter, someone will have to.
Large buys will come from large whales that hold heaps of BTC and be processed through private sales.
The two biggest, publicly known sources would have to be the recent US Govt sale of silk road confiscated coins and the Winklevoss twins stash.
The two biggest, publicly known sources would have to be the recent US Govt sale of silk road confiscated coins and the Winklevoss twins stash.
I don't know if this is obvious to everyone but these Wallstreet guys won't buy from exchanges.
There is no wall wide enough to support their money and they won't risk losing money by simply buying in the exchanges.
They will contact some large miner or something like that to buy a large amount of coins, doing that off-market will be more secure too.
By doing this i don't know if the price will change so much like everyone is saying.
There is no wall wide enough to support their money and they won't risk losing money by simply buying in the exchanges.
They will contact some large miner or something like that to buy a large amount of coins, doing that off-market will be more secure too.
By doing this i don't know if the price will change so much like everyone is saying.
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