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dropt
Legendary
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Activity: 1512
Merit: 1000
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November 12, 2014, 01:37:21 AM |
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What happens to our bitcoin when 80% of its marketcap is going to flow in suddenly?
Says they control 3 Billion, not that any substantial part of that is going to enter Bitcoin. |
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Patel
Legendary
Offline
Activity: 1321
Merit: 1007
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November 12, 2014, 03:20:14 AM |
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What happens to our bitcoin when 80% of its marketcap is going to flow in suddenly?
Says they control 3 Billion, not that any substantial part of that is going to enter Bitcoin. Even if they put 1% in, still $30million. Pretty large amount |
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Walsoraj
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November 12, 2014, 03:47:36 AM |
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What happens to our bitcoin when 80% of its marketcap is going to flow in suddenly?
Says they control 3 Billion, not that any substantial part of that is going to enter Bitcoin. Even if they put 1% in, still $30million. Pretty large amount Slightly over 3 weeks of mined coins at current price of $380... |
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fewcoins
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November 12, 2014, 04:06:45 AM |
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What happens to our bitcoin when 80% of its marketcap is going to flow in suddenly?
Says they control 3 Billion, not that any substantial part of that is going to enter Bitcoin. Even if they put 1% in, still $30million. Pretty large amount Slightly over 3 weeks of mined coins at current price of $380... Meaning this is literally no money at all... Think about how many millions of dollars in just mining power is brought forward everyday! |
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thms
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November 12, 2014, 09:41:53 AM |
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It's just a marketing gimmick for okcoin
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CUNÉGONDE
Member
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Activity: 88
Merit: 10
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November 12, 2014, 10:07:40 AM |
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It's just a marketing gimmick for okcoin
it sounds like okcoin has still a lot space to growing  fake 40% share become to true 40% ? lol |
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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November 12, 2014, 01:19:27 PM |
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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.
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JorgeStolfi
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November 13, 2014, 04:19:38 AM |
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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.
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Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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Muscleminer
Newbie
Offline
Activity: 38
Merit: 0
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November 13, 2014, 07:45:32 AM |
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Cant see any sign that they are actualy investing in BTC.
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CoinCidental
Legendary
Offline
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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November 13, 2014, 08:33:32 AM |
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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 |
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jehst
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November 13, 2014, 08:56:13 AM |
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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. |
Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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JorgeStolfi
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November 13, 2014, 10:45:07 AM |
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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). |
Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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Sharpe
Member
Offline
Activity: 64
Merit: 10
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November 13, 2014, 01:36:06 PM
Last edit: August 17, 2015, 09:52:16 AM by Sharpe |
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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 |
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jehst
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November 13, 2014, 03:50:33 PM |
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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.
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Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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picolo
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November 13, 2014, 05:11:31 PM |
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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. |
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BlackMarket
Sr. Member
Offline
Activity: 322
Merit: 250
Super Smash Bros. Ultimate Available Now!
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November 13, 2014, 05:36:08 PM |
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if this true, maybe this is next bubble like 2013 november  |
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fewcoins
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November 13, 2014, 05:47:08 PM |
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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
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CoinCidental
Legendary
Offline
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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November 13, 2014, 09:25:08 PM |
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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
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 |
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JorgeStolfi
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November 13, 2014, 09:44:44 PM |
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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...
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Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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