GBTC bids up to $40 per share now | Bitcointalksearch.org

WhatTheGox

legendary

Activity: 812

Merit: 1000

Quote from: hector3115 on April 24, 2015, 12:40:18 PM

Which represents a tenth of a bitcoin. I think they start to trade around $45-50 maybe next week. Could open the flood gates once it starts trading.

This should defo help the market we just need a few super whales to jump in with a few mils and pump this thing. Some crazy bastard wll do it, just have to wait and keep hodling.

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: hector3115 on April 24, 2015, 12:40:18 PM

Which represents a tenth of a bitcoin. I think they start to trade around $45-50 maybe next week. Could open the flood gates once it starts trading.

If those bids really are legitimate and not only placeholders. Some people suggested that they could be mere placeholders and no real bids whatsoever. I mean $40/share would be a 100% markup on a Bitcoin at spot prices. It could be bids to get things going, but they're no 'real' bids, as in "people are willing to pay that much using the ETF"

bittyfree

full member

Activity: 126

Merit: 100

I like nuts

May I ask what GBTC is?

_AquaRegia

newbie

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Merit: 0

Well if its not trading, then it has no effect on the market really.
And if it does, the bids not are only for 10BTC, which is not much compared to the real exchanges, unless we see some major volume on GBTC

hector3115

sr. member

Activity: 481

Merit: 251

Which represents a tenth of a bitcoin. I think they start to trade around $45-50 maybe next week. Could open the flood gates once it starts trading.

Topic: GBTC bids up to $40 per share now (Read 825 times)