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Capt Drake (OP)
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August 08, 2014, 09:52:44 PM |
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I don't know if this is obvious to everyone but these Wallstreet guys won't buy from exchanges.
There is no wall wide enough to support their money and they won't risk losing money by simply buying in the exchanges.
They will contact some large miner or something like that to buy a large amount of coins, doing that off-market will be more secure too.
By doing this i don't know if the price will change so much like everyone is saying.
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Cranky4u
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August 08, 2014, 09:55:36 PM |
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Large buys will come from large whales that hold heaps of BTC and be processed through private sales.
The two biggest, publicly known sources would have to be the recent US Govt sale of silk road confiscated coins and the Winklevoss twins stash.
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Ibian
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Activity: 2268
Merit: 1278
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August 08, 2014, 09:56:49 PM |
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Doesn't matter, someone will have to.
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Look inside yourself, and you will see that you are the bubble.
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Brewins
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Activity: 1120
Merit: 1000
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August 08, 2014, 10:02:43 PM |
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The bitcoin price is defined by exchanges. Even if they buy outside exchanges, they will need to go for them to sell and do the manipulation stuff.
How will they sell bitcoins off exchange?
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Capt Drake (OP)
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August 08, 2014, 10:04:46 PM |
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The bitcoin price is defined by exchanges. Even if they buy outside exchanges, they will need to go for them to sell and do the manipulation stuff.
How will they sell bitcoins off exchange?
So, if they buy off-market and then dump on an exchange, the price will drop, and they would lose money. I don't know if they would do that. |
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scarsbergholden
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August 08, 2014, 10:06:13 PM |
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I think they would just wait for a professional, properly regulated fund. Why take the counterparty risk dealing with these exchanges? They could disappear in an instant.
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BitchicksHusband
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August 08, 2014, 11:06:50 PM |
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I think they would just wait for a professional, properly regulated fund. Why take the counterparty risk dealing with these exchanges? They could disappear in an instant.
You mean like the Winklevoss ETF? |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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beetcoin
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August 08, 2014, 11:29:01 PM |
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buying into the winklevi ETF is a counterparty risk too, isn't it? i'm not an expert on ETFs, but they could sell "shares" of bitcoins without actually buying any to back up the assets, couldn't they?
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windjc
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August 09, 2014, 12:16:03 AM |
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buying into the winklevi ETF is a counterparty risk too, isn't it? i'm not an expert on ETFs, but they could sell "shares" of bitcoins without actually buying any to back up the assets, couldn't they?
No |
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byronbb
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HODL OR DIE
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August 09, 2014, 12:22:08 AM |
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THey are making deals with bitcoin payment processors or retailers like Dell, imo.
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Febo
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August 09, 2014, 04:56:45 PM |
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Off exchanged deals still influence price. But they dont make exchanges richer.
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shockinglyugly
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August 09, 2014, 05:03:37 PM |
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Off exchanged deals still influence price. But they dont make exchanges richer.
I think off exchange deals very much influence the price. If the buyer did not buy from the seller then the seller would have likely used an exchange to sell his coins, putting pressure on the market. |
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beetcoin
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August 09, 2014, 05:27:36 PM |
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Off exchanged deals still influence price. But they dont make exchanges richer.
I think off exchange deals very much influence the price. If the buyer did not buy from the seller then the seller would have likely used an exchange to sell his coins, putting pressure on the market. no, i think if the seller did not sell off-market to the buyer, then he'd sell it to someone else.. off-market (ie: secondmarket). you can't really sell 20k coins without affecting the price. |
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BowieMan
Full Member
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Merit: 100
Is there life on Mars?
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August 09, 2014, 05:35:16 PM |
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I don't know if this is obvious to everyone but these Wallstreet guys won't buy from exchanges.
There is no wall wide enough to support their money and they won't risk losing money by simply buying in the exchanges.
They will contact some large miner or something like that to buy a large amount of coins, doing that off-market will be more secure too.
By doing this i don't know if the price will change so much like everyone is saying.
Exactly, that's why big whales and big investors buy at SecondMarket or have deals with service providers like BitPay to buy large sums of Bitcoin in bulk. Also this is one of the reasons we need something like the Winklevoss' ETF as an investment vehicle that runs Bitcoin on the very tracks those traders already use every day! |
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DavidHume
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August 09, 2014, 10:10:38 PM |
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Most users do not have a secure way of storing large amount of bitcoin safely.
I assume the ETF has find a way to handle the storage part, and will be responsible if the coin go "missing".
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Benjig
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August 09, 2014, 10:20:06 PM |
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For that will be the winklevoss ETF.. so if there are some guys from wall street waiting to buy, when the etf goes live we will see an increase on the price.
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BTCfaucetTIME
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August 09, 2014, 10:36:54 PM |
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I think a lot of people will use the COIN EFT once it starting trading on the stock exchanges.
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LiteCoinGuy
Legendary
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Activity: 1148
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In Satoshi I Trust
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August 09, 2014, 11:18:23 PM |
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I think a lot of people will use the COIN EFT once it starting trading on the stock exchanges.
that or the second market fund. ...or the next funds and etfs that will arrive in 2015/16 |
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gentlemand
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Welt Am Draht
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August 09, 2014, 11:22:51 PM |
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For the big guns to make money they need to be able to move markets.
You can't be doing deals off exchange by basing valuations on the movements of a few sweaty amateurs in remote basements.
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DannyElfman
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August 09, 2014, 11:24:21 PM |
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Soon we will have ETF and then it will be extremely easy to buy into bitcoin!
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This spot for rent.
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