Quote from: davis196 on November 22, 2018, 07:01:08 AM

Quote from: sjefdeklerk on November 22, 2018, 02:30:59 AM

More and more hedgefunds are shutting down because of the tanking bitcoin prices: https://www.marketwatch.com/story/how-bitcoins-meltdown-is-ravaging-hedge-funds-2018-11-21

This is good news.We don't need crypto hedge funds.They are just a middleman,who gets commisions from new customers,who deposit crypto into the hedge fund.That's how they make money.I really doubt that they have any return of investment from crypto trading.No crypto noobs getting into the market>no fresh money for the hedge funds,hence bankrupt. Grin

Probably, they have no knowledge to even be operating a hedge fund. Sure, a lot of people with the way things have been going will obviously not be able to go ahead with utilizing hedge funds, and probably that is the main reason they have pulled out their funds.

Not so sure how hedge funds operate, but I thought they are there to be managing risks and portfolio for investors in the first place, so why should a downtrend be a problem if they probably know how to manage themselves in the market situations like this. So, basically I felt this should have been their time to at least be shining unless I am mistaking.