Quote from: Entropy-uc on January 02, 2014, 08:46:33 PM

Quote from: ArcticWolf on January 02, 2014, 07:39:49 PM

From the Reddit thread:

Quote

UPDATE : Sorry Reddit, tough (and skeptical!) crowd.
My name is Bruce Fenton, I founded Atlantic Financial Inc., the Internet's first full-service investment firm, in 1994. I've done $4.5 billion in transactions in my career, have never had a client complaint, ethical complaint or regulatory complaint or action of any kind in 20+ years. Prior to AF I was with Morgan Stanley.
(Side note: definitely not asking for anyone's addresses, name, etc., just researching viability of a potential technology which could allow large holders to convert a portion of holdings to a public vehicle)
Verification : Twitter.com/Brucefenton
UPDATE 2: the 3000 coin threshold isn't to discriminate, be snobby or because it doesn't value input of smart smaller holders -- it's a logistical matter --- the research / advice is determining the viability and interest from enough large holders to get critical mass of 10-20,000 coins needed to make it work-- logistically it won't be possible if there isn't interest from some large holders,

As I expected he wants to form a bitcoin pool like second market or the recently announced Fortress vehicle.

But he knows that buying 20000 BTC on the open market would at least triple the exchange rate. So he is seeking people to give away their bitcoins.

If this is the case, people who love bitcoin should not go ahead with this.
This kind of under the carpet dealing is one of the reasons that people hate the 'government' and 'wall street'

Ofcourse people who want to make a quick buck will just go ahead with this.

Technicals of bitcoin price are positive, dont be scared for another drop to 300-400 dollar levels.. This will go up

(Google my username and forex if you would like to know if i have some knowledge about the financial markets)

Good luck all