Topic: GBTC Bitcoin Investment Trust Observer - page 108. (Read 262357 times)
So, no one can sell yet. Isn't there at least some fear that people who've bought into the fund will dump when they finally can and it goes "liquid" or whatever (many months from now I guess)? Of course, the market will anticipate that.. but interesting to think about.
How do you know? Back calculating from the NAV ?
Yes, divide the total value with NAV
Yay! Go Second Market!
How do you know? Back calculating from the NAV ?
They bought ~2500XBT yesterday. The demand is huge 
Wait until many of these investors start bragging about the ROI around the golf course...then the phone calls are made asking why their fund managers don't have something like this..."how can I get a position in these?" etc.
True! The only question is when.
All it really takes is this first one to do well (and it is doing extremely well obviously) and all the other whores fund managers will jump on board with at least some bitcoin in their portfolio.
Wait until many of these investors start bragging about the ROI around the golf course...then the phone calls are made asking why their fund managers don't have something like this..."how can I get a position in these?" etc.
Wait until many of these investors start bragging about the ROI around the golf course...then the phone calls are made asking why their fund managers don't have something like this..."how can I get a position in these?" etc.
Might as well mention here that Exante's Bitcoin hedge fund was apparently the best performing hedge fund in history. I remember being so impressed that the Jim Rogers / George Soros Quantum Fund made 4000% return in 10 years. How about 5000% in 10 months?
It looks like the BIT may achieve similar distinction.
It looks like the BIT may achieve similar distinction.
yeah, all those fund managers will have juicy dreams/nightmares about this "k" at the percentage figure on the top listed fund here
edit:typo
What is the difference between a Trust and an ETF?
And why Winklevoss brother's don't make a trust since apparently it's easier to get an approval?
And why Winklevoss brother's don't make a trust since apparently it's easier to get an approval?
This was approved earlier because it's only for accredited (wealthy) investors.
What is the difference between a Trust and an ETF?
And why Winklevoss brother's don't make a trust since apparently it's easier to get an approval?
And why Winklevoss brother's don't make a trust since apparently it's easier to get an approval?
Might as well mention here that Exante's Bitcoin hedge fund was apparently the best performing hedge fund in history. I remember being so impressed that the Jim Rogers / George Soros Quantum Fund made 4000% return in 10 years. How about 5000% in 10 months?
It looks like the BIT may achieve similar distinction.
It looks like the BIT may achieve similar distinction.
About 1200XBT bought on November 26, 2013
The imgur chrome extension is great. Right click and the image URL is on your clipboard. It's so easy it's almost second nature!
and I just took a screenshot of this an quoted you in a different thread.
wtf..I bothered to do the math and everything
For the economically illiterate, what is secondmarket? How can you sell shares in bitcoin? Is it an investment in a mining company?
* SecondMarket is a stock market on which only the wealthy can trade (minimum $1M net worth), and therefore there are less restrictions which are normally in place to "protect" the public
* BIT is an ETF which holds Bitcoin, just like http://finance.yahoo.com/q?s=gld for gold.
For the economically illiterate, what is secondmarket? How can you sell shares in bitcoin? Is it an investment in a mining company?
silbert bought 60k btc in 60 days?
wow.
all miners do 3600 a day. when halving comes around that will shrink to 1800 per day. we all remember what happened after the last halving.
we need a new word:
to silberting
when one buys a massive amount of bitcoin so regurlaly, that it acts almost like a halving.
"barry is silbertingin´again"
wow.
all miners do 3600 a day. when halving comes around that will shrink to 1800 per day. we all remember what happened after the last halving.
we need a new word:
to silberting
when one buys a massive amount of bitcoin so regurlaly, that it acts almost like a halving.
"barry is silbertingin´again"
So wtf is an XBT and how is it influencing the price of BTC?
XBT = BTC
just different naming
Any reason for the X and removal of the C? Just curious.
http://en.wikipedia.org/wiki/ISO_4217
X means non-sovereign currency. And XBC is already occupied
It is not offical ISO4217 code yet, but xe.com has adopted XBT as the code for bitcoin: http://www.xe.com/currency/xbt-bitcoin
So wtf is an XBT and how is it influencing the price of BTC?
XBT = BTC
just different naming
Any reason for the X and removal of the C? Just curious.
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