Quote from: GTA on July 14, 2014, 09:49:09 AM

Quote from: 2good2betrue on July 14, 2014, 07:05:19 AM

All these "bitcoin" investment funds are just making bitcoin move with the stock market. It correlates bitcoin to all the other wall street toys. Traders panic on some foreign debt problem, like today, and bitcoin goes down with the market when it should be going up with gold.

They might even be artificially expanding bitcoin liquidity with all their off-blockchain artificial bitcoin and keeping prices down. Whatever they are they are not bitcoin, you buy bitcoin and it's on the blockchain, these things are artificial bitcoin and are not on the blockchain... there's not a 21 million coin programmed limit on these things, it's limited only by what wall street can get away with and they can get away with a lot.

I've been saying these are a bad thing from the start and I'm worried I'm right. If you don't have the private key, you don't have the bitcoin, period.

And in what way are 'these funds' trading off-blockchHain and how would that "keep prices down"? For the manager of the fund, who probably earns a performance fee, that would kind of defeat the object surely?

We buy shares of fund which invest in BTC. Trading shares is indirectly to invest in BTC like trading off-blockchain. The fund will be divided to a large number of shares which will be priced as small amount of fiat or btc affordable to the majority of people. So the price is kept down.