[Cryptocurrency] - Does anyone think there is a use for an anonymous hedge fund that transacts in bitcoin?
[14 Points] dafsgfsgssg:
[5 Points] basshead555:
There would be if bit coin wasn't sinking like my cock after I got it stuck in a bowling ball then dropped it off a watertower
[1 Points] Gusfoo:
It has been done at least once, and of course the operator is now in jail. In case it's not obvious - taking deposits from people without a license to do so is a crime.
If you've got the ability to invest other people's money then you should take the simple route and do it above-board. You may not get 2-and-twenty these days but it's still very lucrative.
[1 Points] None:
[deleted]
[1 Points] rappercake:
Scamming people who send you money to invest.
[1 Points] Vendor_BBMC:
No.
I don't need to explain why, do I?
Oh. OK.
A hedge fund depends on the ability to wield huge leverage.
Bitcoin can't have leverage, because a wallet can't comntain a negative number. There can be no bitcoin overdrafts, debts, mortgages or credit cards.
Thats why even traditional banks aren't interested in bitcoin. You can't just print or invent more.
[1 Points] sobulbous:
This is the worst idea ever for obvious reasons. The cherry on top is that you said you were a futures trader and would be using those products to generate a return.
That's bundling risk on top of a big pile of risk. Your return projections are low enough to make it realistic yet not overzealous.
Anyone actually considering this would be better off calling one of those traders that advertise heavily on satellite radio. At least you have some recourse if they run away with your money.
Anonymously investing your life savings to a stranger overseas that has no investing license what could go wrong?
edit: savings