Bitcoin Forum
May 27, 2019, 02:49:53 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: 2013-03-08 Forbes/Matonis First Bitcoin Hedge Fund Announced  (Read 4939 times)
cypherdoc
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
March 09, 2013, 05:46:25 PM
 #21

Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?

They have been acquiring BTC over the last 6-9 months or even earlier, but they wouldn't say their entry price. I'm fairly certain that their average is sub-$15. This is just the first time they've talked about it for a formal announcement. The $3.2 million is an estimate based on current BTC assets of 80,000 at $40:1 BTC exchange rate.

aha, so they're the ones. lol  Cheesy
1558968593
Hero Member
*
Offline Offline

Posts: 1558968593

View Profile Personal Message (Offline)

Ignore
1558968593
Reply with quote  #2

1558968593
Report to moderator
1558968593
Hero Member
*
Offline Offline

Posts: 1558968593

View Profile Personal Message (Offline)

Ignore
1558968593
Reply with quote  #2

1558968593
Report to moderator
1558968593
Hero Member
*
Offline Offline

Posts: 1558968593

View Profile Personal Message (Offline)

Ignore
1558968593
Reply with quote  #2

1558968593
Report to moderator
GET 25 FREE SPINS AT REGISTRATION
GET 100% BONUS ON FIRST DEPOSIT
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1558968593
Hero Member
*
Offline Offline

Posts: 1558968593

View Profile Personal Message (Offline)

Ignore
1558968593
Reply with quote  #2

1558968593
Report to moderator
1558968593
Hero Member
*
Offline Offline

Posts: 1558968593

View Profile Personal Message (Offline)

Ignore
1558968593
Reply with quote  #2

1558968593
Report to moderator
1558968593
Hero Member
*
Offline Offline

Posts: 1558968593

View Profile Personal Message (Offline)

Ignore
1558968593
Reply with quote  #2

1558968593
Report to moderator
phelix
Legendary
*
Offline Offline

Activity: 1708
Merit: 1000


nmc:id/phelix


View Profile
March 09, 2013, 06:54:28 PM
 #22

Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?

They have been acquiring BTC over the last 6-9 months or even earlier, but they wouldn't say their entry price. I'm fairly certain that their average is sub-$15. This is just the first time they've talked about it for a formal announcement. The $3.2 million is an estimate based on current BTC assets of 80,000 at $40:1 BTC exchange rate.
does that mean they stopped buying now?

blockchained.com ■ bitcointalk top posts
davout
Legendary
*
Offline Offline

Activity: 1372
Merit: 1002


1davout


View Profile WWW
March 09, 2013, 07:11:34 PM
 #23

Great article!
Guess Matonis changed his mind about the whole regulation thing Wink

el_rlee
Legendary
*
Offline Offline

Activity: 1571
Merit: 1004



View Profile
March 10, 2013, 02:36:13 AM
 #24

Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?

They have been acquiring BTC over the last 6-9 months or even earlier, but they wouldn't say their entry price. I'm fairly certain that their average is sub-$15. This is just the first time they've talked about it for a formal announcement. The $3.2 million is an estimate based on current BTC assets of 80,000 at $40:1 BTC exchange rate.

A hedgefund is gambling? Shouldn't they normally try to be "risk-neutral" and go for the safe buck?
01BTC10
VIP
Hero Member
*
Offline Offline

Activity: 756
Merit: 503



View Profile
March 10, 2013, 02:56:58 AM
 #25

Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?

They have been acquiring BTC over the last 6-9 months or even earlier, but they wouldn't say their entry price. I'm fairly certain that their average is sub-$15. This is just the first time they've talked about it for a formal announcement. The $3.2 million is an estimate based on current BTC assets of 80,000 at $40:1 BTC exchange rate.

A hedgefund is gambling? Shouldn't they normally try to be "risk-neutral" and go for the safe buck?
Like Goldman Sachs and Lehman Brothers?
el_rlee
Legendary
*
Offline Offline

Activity: 1571
Merit: 1004



View Profile
March 10, 2013, 02:59:24 AM
 #26

at least not gamble in a way you and I can understand...
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!