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NotLambchop
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March 04, 2015, 09:30:29 PM |
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Okay Beartrolls, now's your time to shine. You can come out of hiding and tell us how much you love Bitcoin!  Lamb is posting regardless of the price bumps n dumps. Same ponies and Wile E Coyote gifs and stuff like that. I still have him on ignore (together with ALL his other accounts - he added one just today) and I can predict easily what he's posting. Pathetically relentless piece of Chop.  |
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bobabouey2
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March 04, 2015, 09:31:35 PM |
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Fortress Investment bought some number of bitcoins directly in 2013. Bitcoin was the only red stain in their 2014 quarterly reports. Fortress quicky got rid of their bitcoins, swapping them for equity in the Pantera subsidiary that runs the PBP bitcoin fund. (Note: not shares of the fund, but shares of the managing company).
While I see articles noting that Fortress rolled their $20m bitcoin stake into Pantera, their latest 10K indicates they still seem to own bitcoin directly, and it traces back to the $20m original investment in 2013. Go to link below and search for bitcoin, and you will see the $20m investment in 2012, the year end 2013 value of $16.298m, and year-end 2014 value of $6.828m, a 58% decline, which is consistent with the market decline from 12/31/13 to 12/31/14. http://www.sec.gov/Archives/edgar/data/1380393/000138039315000003/fig-20141231x10k.htmThanks for the link! Indeed, those amounts match 6828 k / ~315 and 16298 k / ~725 are approximately equal to 22'000 BTC. You saw those articles too, so I was not dreaming. Perhaps the deal got sour after it was announced? Or perhaps Fortress actually swapped the raw BTC for PBP fund shares, not for Pantera equity; which, being pegged to BTC, are counted as BTC for the purposes of the report? I had the same thought that it could reflect indirect holdings via a swap of the raw BTC for fund shares, but I don't think that could be the case, as Pantera doesn't just hold bitcoin, it also invests in bitcoin companies: https://panteracapital.com/portfolio/ So there couldn't be a one for one match. And regardless, the Pantera website describes Fortress as a shareholder, so its investment in that entity would be treated just the same as any other shareholding. So I think it must have fallen through, or just have been speculation. Quite frankly, it never really made much sense. By May 2014 when the deal was happening, Fortress' bitcoin were already underwater from a tax perspective, so if they wanted to get out of them, it would have made more sense to sell them and take the tax loss, and put new money into Pantera, than to try and roll them over. Also, it would have complicated all the deal documents, as others investors would be paying dollars. |
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uhoh
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March 04, 2015, 09:36:39 PM |
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I'm not sure that you've drawn enough lines on that chart, it's still almost readable. |
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adamstgBit
Legendary
 Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 04, 2015, 09:38:25 PM |
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I cant be sure because of your excessively creative use of lines but ya another leg down to 263, and bounce off what looks like the low end of the channel, sounds reasonable |
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HalFinneysBrain
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March 04, 2015, 09:38:32 PM |
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Good job bears, youre finally doing your job again. Now knock it down at least $10 more and keep it there for a few days please.  I need to buy more. |
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Xiaoxiao
Legendary
Offline
Activity: 1274
Merit: 1000
The Golden Rule Rules
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March 04, 2015, 09:39:44 PM |
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uhoh
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March 04, 2015, 09:40:32 PM |
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Bear trap
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 04, 2015, 09:41:49 PM |
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all in?  ALL IN!! |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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March 04, 2015, 09:42:40 PM |
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nevergofullretard.jpg
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Snipe85
Sr. Member
Offline
Activity: 756
Merit: 250
Infleum
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March 04, 2015, 09:46:52 PM |
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What? No bear pictures? Am I in the right thread?  |
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uhoh
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March 04, 2015, 09:46:58 PM |
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definitelytimetogofullretard.jpg |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 04, 2015, 09:50:45 PM |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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March 04, 2015, 09:51:55 PM |
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You bastards!
I was just out for some milk....
That's a lot of coins they dumped there. If this floats up again $300 is gonna be a breeze.
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 04, 2015, 09:59:19 PM |
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mtwelve
Legendary
Offline
Activity: 1330
Merit: 1009
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March 04, 2015, 10:04:10 PM |
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Another dump before another break out?
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NotLambchop
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March 04, 2015, 10:05:43 PM |
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Another dump before another break out?
Another dump before another dump. |
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okthen
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March 04, 2015, 10:06:33 PM |
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Finally a realistic poll, Adam!  |
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Poll
