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RE: Are hedge funds good for crypto space? While they can bring in hundreds of billions they also may pump and dump
Very interesting dana-edwards.
I'd never really considered hedge funds ability to mass flip an ICO.. it might backfire on them though and if it does it might put them off from repeating. I would have though the negative publicity from performing such stunts would damage an HF rep ? Also their whole business model is based on reputation and profitability..
I reckon the real pump and dump groups are the type of smart ass traders who work for the likes of Jamie Dimon and who are the Sharks picking off the tourists. They have the knowledge, networks, resources and liquidity to make millions on the side, while making sure their bosses don't know how much they're creaming from crypto, probably from their office computers !
It's happening already. It would explain where some of the money comes from. I actually think it could be extremely profitable for hedge funds to profit off the ICO hype and inflate a huge bubble because right now the majority of retail investors don't even know what this is yet so the bubble is just starting.
In a few years when retail investors get involved then this could be a trillion dollar space. Right now it is maybe 100-200 billion.
I agree, it's not even in the mainstream consciousness yet.. in the same way the internet was really thin on the ground in the mid 90's !! by 2020 crytpo will be a trillion dollar space. There will be huge losses from ICO fallout just like the dotcom bubble.. but it doesn't mean the internet went away. pick your currencies carefully and I think you'll stay fine :)