Fortress might already have bought their first bitcoins:
http://www.reddit.com/r/Bitcoin/comments/1u4fc6/record_number_of_bitcoin_days_destroyed_and_10/
Topic: WallStreet Whales are coming: FIG Bitcoin MegaFund - page 3. (Read 7807 times)
As far as I know wall street won't be buying BTC directly but will invest in companies supporting or adapting to bitcoin.
Yes, I think so too. I believe the fund would buy-in existing companies, or provide capital for startups like an venture capital funds. May not boost bitcoin prices directly, but if we see licensed exchanges and more online stores because of this, it would be encouraging news
FUD
So what is the purpose of these Bitcoin funds? Right now probably only 10% of the Bitcoins mined are actively being traded or used as currency and the rest are being held as a form of investment. So here are these two large trusts holding 200k-300k coins? eliminating them from ever being used as what Bitcoins were design for, which is currency. I am pretty sure these trusts are going to get larger and hold larger reserves of Bitcoins. What is the purpose of these trusts holding onto a large reserve of Bitcoins other than placing a value on them. I understand if Bitcoins can be actively used as a form of currency and be used to purchase goods and services, but if the majority of the coins that are traded are owned by trust funds and the value of Bitcoins are dictated by these funds, which means they are associated hand in hand with traditional currency it simply defeats the purpose of Bitcoins.
China is "done"? So, like, no Chinese people will ever invest in Bitcoin again? Lol.
Offcourse they could come back,I would like it.But the impact they had in November is over.
China is "done" and we don`t depend on China.
Now,at 800 US $. we see the real Price of BTC (ex-China)
Now,at 800 US $. we see the real Price of BTC (ex-China)
Bingo.
China is "done"? So, like, no Chinese people will ever invest in Bitcoin again? Lol.
China is "done" and we don`t depend on China.
Now,at 800 US $. we see the real Price of BTC (ex-China)
Now,at 800 US $. we see the real Price of BTC (ex-China)
Bingo.
I thought it was some trollbox rumour.
Its not, the link is from fortune.
It still essentially amounts to the same thing
Fortune = Trollbox
Fortune talks book
Trollbox talks book
The only difference is the numbers might be bigger
is this the same tradefortress guy
http://en.wikipedia.org/wiki/Fortress_Investment_Group 
is this the same tradefortress guy
I wouldn't call FIG a WS whale...
also https://web.archive.org/web/20090114105234/http://www.theglobeandmail.com/servlet/story/RTGAM.20090112.wvanoc0112/BNStory/National/home
also https://web.archive.org/web/20090114105234/http://www.theglobeandmail.com/servlet/story/RTGAM.20090112.wvanoc0112/BNStory/National/home
~$58 billion AUM is pretty big. Whether "whale" applies, who knows, but they have a big reputation. More so than Second Market. :-)
I wouldn't call FIG a WS whale...
also https://web.archive.org/web/20090114105234/http://www.theglobeandmail.com/servlet/story/RTGAM.20090112.wvanoc0112/BNStory/National/home
also https://web.archive.org/web/20090114105234/http://www.theglobeandmail.com/servlet/story/RTGAM.20090112.wvanoc0112/BNStory/National/home
I also read that one.
As far as I know wall street won't be buying BTC directly but will invest in companies supporting or adapting to bitcoin.
I bet my bottom Bitcoin they will get their hands on some Bitcoins though... just not mine!
I also read that one.
As far as I know wall street won't be buying BTC directly but will invest in companies supporting or adapting to bitcoin.
If we can make it through the negative China news then it will take off later this year!
China is "done" and we don`t depend on China.Now,at 800 US $. we see the real Price of BTC (ex-China)
I saw this on Zerohedge. Yes I would guess there will be lots of new money coming into BTC. If we can make it through the negative China news then it will take off later this year!
I thought it was some trollbox rumour.
Its not, the link is from fortune.
It still essentially amounts to the same thing
Fortune = Trollbox
I thought it was some trollbox rumour.
Its not, the link is from fortune.
It still essentially amounts to the same thing
I thought it was some trollbox rumour.
Its not, the link is from fortune.
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