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Author Topic: WallStreet Whales are coming: FIG Bitcoin MegaFund  (Read 7750 times)
GigaCoin (OP)
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January 01, 2014, 11:49:22 AM
 #1

The Wallstreet Whales are coming..

FIG is forming a Bitcoin MegaFund larger than SecondMarket

http://finance.fortune.cnn.com/2013/12/31/fortress-is-forming-a-bitcoin-fund/


This is just the start.

$2000 / BTC We will see you sooner than we expected  Smiley


Kaiji
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January 01, 2014, 03:07:22 PM
 #2



I thought it was some trollbox rumour.
GigaCoin (OP)
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January 01, 2014, 04:15:07 PM
 #3



I thought it was some trollbox rumour.

Its not, the link is from fortune.

sgbett
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January 01, 2014, 05:51:10 PM
 #4



I thought it was some trollbox rumour.

Its not, the link is from fortune.

It still essentially amounts to the same thing Wink

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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GigaCoin (OP)
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January 01, 2014, 05:58:48 PM
 #5



I thought it was some trollbox rumour.

Its not, the link is from fortune.

It still essentially amounts to the same thing Wink

Fortune = Trollbox  Huh

Jcw188
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January 01, 2014, 06:20:30 PM
 #6

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!



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segeln
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January 01, 2014, 07:46:44 PM
 #7

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)
spiderbrain
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January 01, 2014, 10:26:48 PM
 #8

This is also interesting
http://finance.fortune.cnn.com/2013/12/27/michele-burns-circle/

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January 01, 2014, 11:10:54 PM
 #9


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.

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
T.Stuart
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January 01, 2014, 11:14:59 PM
 #10


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!  Grin

                                                                               
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pera
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January 01, 2014, 11:25:19 PM
 #11

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

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January 01, 2014, 11:51:03 PM
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~$58 billion AUM is pretty big.  Whether "whale" applies, who knows, but they have a big reputation. More so than Second Market. :-)
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January 02, 2014, 12:10:48 AM
 #13

is this the same tradefortress guy
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January 02, 2014, 12:12:57 AM
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is this the same tradefortress guy
http://en.wikipedia.org/wiki/Fortress_Investment_Group
sgbett
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January 02, 2014, 01:00:22 AM
 #15



I thought it was some trollbox rumour.

Its not, the link is from fortune.

It still essentially amounts to the same thing Wink

Fortune = Trollbox  Huh

Fortune talks book

Trollbox talks book

The only difference is the numbers might be bigger

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
*my posts are not investment advice*
BittBurger
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January 02, 2014, 06:11:46 AM
 #16

China is "done" and we don`t depend on China.
Now,at 800 US $. we see the real Price of BTC (ex-China)

Bingo.

Owner: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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January 02, 2014, 06:44:28 AM
 #17

China is "done" and we don`t depend on 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.
segeln
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January 02, 2014, 08:41:49 AM
 #18

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.
RicePicker
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January 02, 2014, 08:53:06 AM
 #19

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.      

Everyone is entitled to their own opinion. It's just that yours is stupid! =D
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January 02, 2014, 09:00:04 AM
 #20

FUD
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