Topic: GBTC Bitcoin Investment Trust Observer - page 25. (Read 262354 times)
My guess is one pays a premium for GBTC since they are in short supply and desirable for retirement accounts. I suppose it might be taken as a leading indicator to some degree since investors of this sort tend to do their homework. The volume ain't huge so it might just indicate the feelings of such a small number of folks as to be next to useless in terms of the broader market.
leading indicator?
ETF http://www.otcmarkets.com/stock/GBTC/quote has been available for awhile already.
ETF is a long ways away. Gemini exchange isn't even approved in all 50 states yet.
bring on the fuckin etf already! ffs!!
Dem volumes...
$650 per coin
400XBT bought in November 2015
"Bitcoin Fund Linked to Currency’s Rally: Heavy trading in Bitcoin Investment Trust may have contributed to bitcoin price spike"
http://www.wsj.com/articles/bitcoin-fund-may-have-contributed-to-currencys-rally-1449460380
http://www.wsj.com/articles/bitcoin-fund-may-have-contributed-to-currencys-rally-1449460380
... so now it is a leading indicator?
Its a circular argument, why is the fund priced the way it is.
"Bitcoin Fund Linked to Currency’s Rally: Heavy trading in Bitcoin Investment Trust may have contributed to bitcoin price spike"
http://www.wsj.com/articles/bitcoin-fund-may-have-contributed-to-currencys-rally-1449460380
http://www.wsj.com/articles/bitcoin-fund-may-have-contributed-to-currencys-rally-1449460380
... so now it is a leading indicator?
"Bitcoin Fund Linked to Currency’s Rally: Heavy trading in Bitcoin Investment Trust may have contributed to bitcoin price spike"
http://www.wsj.com/articles/bitcoin-fund-may-have-contributed-to-currencys-rally-1449460380
http://www.wsj.com/articles/bitcoin-fund-may-have-contributed-to-currencys-rally-1449460380
Today, more breaking news that the MSM has no forking clue what is going on with the bitcoin market... Here's Tom with the weather.
"Bitcoin Fund Linked to Currency’s Rally: Heavy trading in Bitcoin Investment Trust may have contributed to bitcoin price spike"
http://www.wsj.com/articles/bitcoin-fund-may-have-contributed-to-currencys-rally-1449460380
http://www.wsj.com/articles/bitcoin-fund-may-have-contributed-to-currencys-rally-1449460380
What the hell is going on with this thing? Closed at $528 per coin today.
Yeah, it's the biggest positive spread versus the BTC market price since May 17th.
bring on the ETF ffs!
What the hell is going on with this thing? Closed at $528 per coin today.
If anyone was following my story; my SecondMarket Bitcoin Investment Trust is supposedly going to be available in my Schwab account on or before Dec. 14th. Slow is an understatement.
I have Schwab and was able to purchase GBTC this past summer. It didn't work for the first week the ticker was active, but then I called and the next day it worked fine.
I'm surprised gbtc is still trading at $435 per coin.
If anyone was following my story; my SecondMarket Bitcoin Investment Trust is supposedly going to be available in my Schwab account on or before Dec. 14th. Slow is an understatement.
I'm interested to see how much we gap down on tomorrow's open.
I was surprised to see it hold $48, climbing to $51 by end of day as we remained at $400 today.
I strongly suspect that today was a holding pattern, and with the auction out of the way, we'll suffer a rather significant decline.
Maybe we'll luck out and Bitcoin price will recover before tomorrow's open.
I was surprised to see it hold $48, climbing to $51 by end of day as we remained at $400 today.
I strongly suspect that today was a holding pattern, and with the auction out of the way, we'll suffer a rather significant decline.
Maybe we'll luck out and Bitcoin price will recover before tomorrow's open.
947XBT bought in October 2015. The value of this month will be interesting
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