What do folks make of this new hedge fund?

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: helixone on March 10, 2013, 12:42:53 AM

I thought we were escaping the insanity?

What this does for bitcoin is introduce a way for those wishing to hedge or short bitcoin a method to do so.

This will help the Bitcoin exchange rate to be more stable.

With short sellers, the higher the exchange rate, the more speculators who will bet agaist bitcoin.. If (or more likely when) there is a sharp selloff, those who are short (but not those who are crazy calling for $0) will become buyers, and a lowered chance of insolvency is the result.

Luno

sr. member

Activity: 504

Merit: 250

An unregulated hedgefund, that's taking a gamble with your money!

Probably not, but large scale ponzies have called themselve "hedge fund". Any guy working in his underwear can launch a hedgefund without backing!

We need names of the backers, something heavy! There also have to be proof of assets actually being invested in Bitcoin by disclosing which wallet costumer funds are held in, which in the end leaves the info wide open for audit.

Having Bitcoins or $$ in Malta might be considered and taxed as offshore investment!

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: helixone on March 10, 2013, 12:42:53 AM

I thought we were escaping the insanity?

-helixone

Which new hedge fund? A link would be nice.

helixone

full member

Activity: 131

Merit: 100

I thought we were escaping the insanity?

-helixone

Topic: What do folks make of this new hedge fund? (Read 556 times)