Bitcoin Price Thread

Hoi said:
There are more than 120 Hedgefunds focused on crypto currencies already.
Google for instance: Mike Novogratz who is currently initiating a new fund of 500 million. Maybe you can still participate.
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yes.."focused on cc". And again...you know they are buying the dip in the cash market how ?

I won't even belabor the point that most hedged funds need to use huge leverage to make their business model work. They maybe planning to participate in the futures market starting this Sunday, I believe. This could be with a long or short bias.

btw.."initiating" is lingo for raising money. Not putting it to work.
 
sss12 said:
And again...you know they are buying the dip in the cash market how ?
.
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Just watch the tape! Each and every time we drop, it's bought with huge volume.

See just the last 30 minutes (on just one exchange):

upload_2017-12-9_19-55-11.png
 
sss12 said:
btw.."initiating" is lingo for raising money. Not putting it to work.
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That's correct: this money will come to market from January-1.
But Novogratz is probably already frontrunning it with his own money (I would).
 
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Hoi said:
That's correct: this money will come to market from January-1.
But Novogratz is already frontrunning it with his own money, I'm sure.
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another assumption....not to get personal, but do you notice the trend ? good luck with it.
 
sss12 said:
What ever you need to do to rationalize it.
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No that's actually what is happening on all markets, and especially here where so many newbies are trying to trade. The big guys push the quote through some lines to hit an avalanche of stop-orders and then buy in cheaply.
 
sss12 said:
another assumption....not to get personal, but do you notice the trend ? good luck with it.
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I'm doing very well, thank you!

And no! Not an assumption. Novogratz told media himself that he bought the dip on November 12, with $20 million own money.
 
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