Wednesday, April 10, 2013

Bitcoin Opportunity Fund Investing in Platform to Short, Margin Bitcoins for Day Traders

Sure, why not?
It's been a month since Exante Ltd. started marketing their Bitcon Bitcoin hedge fund.
From ZeroHedge:
With Bitcoins changing digital hands for over $260 this morning, having doubled in a week (and exponentially risen in weeks), many have asked how to 'trade' or 'short' this virtual currency. Well, perhaps the answer is here. As TechCrunch notes, Coinsetter - a NY-based startup looking to launch a trading platform for Bitcoin has raised $500,000 in seed capital.  

The platform will allow leverage (via margin) and the ability to short the market. We can only imagine the hour-by-hour margin changes. Furthermore, Coinsetter intends to offer accredited investors (because wealth equals smarts, right) the ability to earn interest on Bitcoins.

To put his money where his mouth is, Lukasiewicz, a former JPM investment banker, has said that he will "put up at least $50,000 of his own money towards the platform's initial margin reserves." Forget NFLX; Ignore FNM; day-trading Bitcoin with leverage is the new normal....MORE
From Second Market:
...The Bitcoin Opportunity Fund is an investment vehicle for Bitcoins and Bitcoin-related companies.
CoinLab - www.CoinLab.com
BitPay - www.BitPay.com
BitSpend - www.BitSpend.net
BitPremier - www.BitPremier.com
IOUCoin - www.IOUCoin.com
OpenCoin - www.OpenCoin.com
Ripple - www.Ripple.com
Coinsetter - www.Coinsetter.com
Tradehill - www.Tradehill.com