Ninjastic
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Re: Shouldn't new Fund GABI aka Global Advisors Bitcoin Investment Fund boost price?
by
windjc
on 29/07/2014, 23:38:01 UTC
Quote from: maker88 on July 29, 2014, 11:16:07 PM
Quote from: dropt on July 29, 2014, 05:17:05 PM
Quote from: gentlemand on July 29, 2014, 04:45:19 PM
Quote from: dropt on July 29, 2014, 03:16:24 PM
I agree, however GABI hasn't even launched yet.  The question at hand (IMO) is have they already started accumulating, and if so are they primarily doing it OTC?  I personally wouldn't expect to see a legitimate hedge fund actively, and knowingly, manipulating a market to such an extent to take their position.  I'm no wall street guru, but I'd think that kind of activity is illegal.
There are zero rules against that in the BTC market right now. Perhaps that'll change but then again there aren't any rules against it in any forex market which is where Bitcoin may end up.
I'm aware that there are practically zero rules againt manipulation in the BTC market, however I don't believe the lack of such rules/regulations is a necessary motivator for a fund to act in such a way.  But what do I know  Cheesy  Wink

i think you're giving them a little to much credit in the ethics department. do you know what these guys motivators are? money. that is all. if it is not clear cut ILLEGAL and fully banned, they will sure as hell do it if they can make a buck on it. to think that hedgefunds play fair is frankly ridiculous. ever heard of high frequency trading? its basically insider trading done by bots to get around insider trading laws (Its not illegal if the computer makes the trades instead of a person) and thats done in practically every major market.

SecondMarket was the first hedgefund. Its almost a year old. How have they manipulated the market? Please cite specifics. Thanks.