Quote from: Adrian-x on February 28, 2014, 07:44:23 PM

Quote from: TakeTheSkyRoad on February 28, 2014, 07:29:42 PM

Quote from: Adrian-x on February 28, 2014, 07:21:30 PM

Quote from: 600watt on February 28, 2014, 05:44:04 PM

Quote from: yrtrnc on February 28, 2014, 04:46:06 PM

This in just now

http://qz.com/182637/meet-the-4-25-billion-asset-manager-that-took-a-bath-on-bitcoin/

Quote

Fortress Financial Group, a publicly-traded asset manager with a market value of $4.26 billion, reported its 2013 results yesterdayand its biggest investment loss was bitcoin.

in my opinion it is a good thing that big money is getting in. so thumbs up for fortress. but..

but...

to effectivly create your biggest loss of all assets in bitcoin during 2013 is an outstanding example of bad timing.

Wow, to screw up like that they would have bought in after November 15 (say at the peak November 30) and sold at the bottom December 15) and dropped around $7 bar into the game and be totally out before Q4 ends.

Assume they put in the minimum nesesary for the loss they account for about 20% of all volume invested in Bitcoin.

Not the behavior of a competent investment firm.

Looks like they bought in and have hodl since..... losses are listed as "unrealised" so they haven't sold the BTC yet

so they put at least $7,000,000 in at the top. wow, not sure ill invests with these guys.

Probably investment groups should follow the same kind of protection that individuals should follow... especially after a run up of an asset class... and that is to spread out their investment and to engage in a form of dollar cost averaging... ... let's say that they wanted to get into bitcoin, and they were in a hurry to get some in before the end of the year... .. Accordingly, they could have started at the end of November.. at the peak.. and then on a weekly basis invested 1.5 million... or something like that... they may NOT be in too bad of a position if they had averaged it out a little bit... especially for the potential long or medium term that we are pretty certain to be above $1,200 per BTC by the end of 2014... even if we have some ups and downs in the middle... ...

In other words, I am of the belief that a competent investment firm is going to explore a little bit rather than going in BALLS to the WALLS...