Will the new 3 billion Euro Hedge fund take bitcoin to moon?

picolo

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Quote from: fewcoins on November 13, 2014, 04:50:49 PM

Quote from: JorgeStolfi on November 13, 2014, 04:44:44 PM

Has anyone seen a confirmation or futher details on that statement "hedge fund will start trading on OKCoin's platform"?

All the news I found with Google, a few hours ago, were entirely based on that phrase from that audio file.

Has anyone seen anything about that on OKCoin's site? They have a forum/bboard somewhere in there...

True or not this is no good for bitcoin price! They know how to buy at a bargin... Buy in with all funds possible... Then start shorting near the peak to bring the price all the way down to basement bargin prices. I wouldn't be surprised if they want coins at $111~

Or maybe that is what they did and got coins at 290-400$ because they underestimated Bitcoin's price resistance

JorgeStolfi

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Quote from: CoinCidental on November 13, 2014, 07:51:21 PM

fud fud and more fud ................

A hedge fud? Cheesy

CoinCidental

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Quote from: fewcoins on November 13, 2014, 04:50:49 PM

Quote from: JorgeStolfi on November 13, 2014, 04:44:44 PM

Has anyone seen a confirmation or futher details on that statement "hedge fund will start trading on OKCoin's platform"?

All the news I found with Google, a few hours ago, were entirely based on that phrase from that audio file.

Has anyone seen anything about that on OKCoin's site? They have a forum/bboard somewhere in there...

True or not this is no good for bitcoin price! They know how to buy at a bargin... Buy in with all funds possible... Then start shorting near the peak to bring the price all the way down to basement bargin prices. I wouldn't be surprised if they want coins at $111~

fud fud and more fud ................

fewcoins

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Quote from: JorgeStolfi on November 13, 2014, 04:44:44 PM

Has anyone seen a confirmation or futher details on that statement "hedge fund will start trading on OKCoin's platform"?

All the news I found with Google, a few hours ago, were entirely based on that phrase from that audio file.

Has anyone seen anything about that on OKCoin's site? They have a forum/bboard somewhere in there...

True or not this is no good for bitcoin price! They know how to buy at a bargin... Buy in with all funds possible... Then start shorting near the peak to bring the price all the way down to basement bargin prices. I wouldn't be surprised if they want coins at $111~

JorgeStolfi

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Has anyone seen a confirmation or futher details on that statement "hedge fund will start trading on OKCoin's platform"?

All the news I found with Google, a few hours ago, were entirely based on that phrase from that audio file.

Has anyone seen anything about that on OKCoin's site? They have a forum/bboard somewhere in there...

CoinCidental

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Si vis pacem, para bellum

Quote from: fewcoins on November 13, 2014, 12:47:08 PM

This is actually horrible for bitcoin... Now somebody besides the miners will start dumping!!! Think about how a hedge fund works!

Now this huge increase will be a chance for them to open some serious short positions so they can make a really low bottom to buy back in at.

THERES IS NO WAY THE HEDGE FUND JOINED AND STARTED BUYING IMMEDIATELY, THIS ISN'T HOW THEY WORK! They will treat this like any other security, meaning yes we get a nice huge pop like yesterday, so they can open shorts, and make discounts for themselves

Meh/ doubt it

They're is enough interest this year to blow last year away

I think we have a new ATH on the way

fewcoins

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This is actually horrible for bitcoin... Now somebody besides the miners will start dumping!!! Think about how a hedge fund works!

Now this huge increase will be a chance for them to open some serious short positions so they can make a really low bottom to buy back in at.

THERES IS NO WAY THE HEDGE FUND JOINED AND STARTED BUYING IMMEDIATELY, THIS ISN'T HOW THEY WORK! They will treat this like any other security, meaning yes we get a nice huge pop like yesterday, so they can open shorts, and make discounts for themselves

BlackMarket

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if this true, maybe this is next bubble like 2013 november Grin

picolo

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Quote from: cuddaloreappu on November 11, 2014, 08:35:27 PM

OKCoin Rep Says a New Hedge Fund Controlling $3 Billion Has Started Trading on Their Platform..

http://www.reddit.com/r/Bitcoin/comments/2m04s4/okcoin_rep_says_a_new_hedge_fund_controlling_3/

https://www.youtube.com/watch?v=I4oiQriC0n8&feature=youtu.be&t=4m57s

Will the short? will they pump?

What happens to our bitcoin when 80% of its marketcap is going to flow in suddenly?

They will not pour 3Billions in Bitcoin just yet but it is a bullish news!

Hedge funds I have talked to don't believe in Bitcoin but we will prove them wrong.

jehst

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21 million. I want them all.

Bitcoin has been bootstrapping itself circularly since the beginning. Circularity is also a sort of lie. Perhaps the truth is what's holding bitcoin back.

Sharpe

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Quote from: JorgeStolfi on November 13, 2014, 05:45:07 AM

Quote from: jehst on November 13, 2014, 03:56:13 AM

Quote from: CoinCidental on November 13, 2014, 03:33:32 AM

Quote from: Muscleminer on November 13, 2014, 02:45:32 AM

Cant see any sign that they are actualy investing in BTC.

The sign might be in the price rising since yesterday, maybe they know something in China we don't know yet

I think maybe he was being sarcastic. The 100 point rally led by OKCoin might be a sign.

That may be just the usual traders believing the rumor and acting on it. Or them expecting "the next bubble" by comparison with 2011 or 2013, and trying to get ahead of it. Or some other reason that we haven't heard of.

I'm inclined to believe this. This hedge fund could be irrelevant or even false, but all it takes is hype or bad news to send the price one way or the other.

175Za7JjRAkRRdLKw1thP5mgahvTVPSzd1

JorgeStolfi

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Quote from: jehst on November 13, 2014, 03:56:13 AM

Quote from: CoinCidental on November 13, 2014, 03:33:32 AM

Quote from: Muscleminer on November 13, 2014, 02:45:32 AM

Cant see any sign that they are actualy investing in BTC.

The sign might be in the price rising since yesterday, maybe they know something in China we don't know yet

I think maybe he was being sarcastic. The 100 point rally led by OKCoin might be a sign.

That may be just the usual traders believing the rumor and acting on it. Or them expecting "the next bubble" by comparison with 2011 or 2013, and trying to get ahead of it. Or some other reason that we haven't heard of.

The rise was remarkable, but not unique. On March 03, 2014, the price wen up by +110$ from ~560$ to ~670$. (And it dropped again by that same amount, from ~580$ to ~470$, on March 27).

jehst

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21 million. I want them all.

Quote from: CoinCidental on November 13, 2014, 03:33:32 AM

Quote from: Muscleminer on November 13, 2014, 02:45:32 AM

Cant see any sign that they are actualy investing in BTC.

The sign might be in the price rising since yesterday, maybe they know something in China we don't know yet

I think maybe he was being sarcastic. The 100 point rally led by OKCoin might be a sign.

CoinCidental

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Si vis pacem, para bellum

Quote from: Muscleminer on November 13, 2014, 02:45:32 AM

Cant see any sign that they are actualy investing in BTC.

The sign might be in the price rising since yesterday, maybe they know something in China we don't know yet

Muscleminer

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Cant see any sign that they are actualy investing in BTC.

JorgeStolfi

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"The fund started trading on our platform" could mean "the fund licensed OKCoin trading software to trade their shares" or "the fund started trading their shares on the OKCoin servers + software".

I recal OKCoin boasting of their previous experience with financial/banking processing. The above interpretation would be great news for OKCoin and their VC investors, but would be irrelevant for bitcoin.

Erdogan

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If there is a big fund sniffing on bitcoin, they will soon enough find out about the low liquidity (price quickly goes up as they try). They will try different approaches, in the mean time their potential bid lays as a ghost whale under the current price. They might even conclude that bitcoin is impossible to enter, for a big fund. Anyway, can only be good for bitcoin.

CUNÉGONDE

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