Topic: GBTC Bitcoin Investment Trust Observer - page 84. (Read 262357 times)
updated
Not really, they bought most of them between $700 and $1,100 
https://bitcointalksearch.org/topic/m.6449073
They are already at a big loss then. Why do not they do short term speculation?https://bitcointalksearch.org/topic/m.6449073
It is the people who invest in the fund (i.e. who buy their shares) who assume all the risk. Specifically, the investors who bought SMBIT shares when the BTC price was below 650$ are currently happy, the others are currently at unhappy.
The investors cannot do anything for the first six months; after which all they can do is liquidate their shares, at a price proprtional to the current BTC market price. Thus SMBIT does not have to do any smart trading: it could just buy when someone invests, sell when someone liquidates, always at the current market price, and it would still make a good profit.
SMBIT could make some extra money, for itself and/or for their investors, by playing the market with the coins that they are holding for their investors; but I assume that they are prohibited to do so by the contract, even if the investors wanted them to.
Is this correct?
Did you died? 
I think Second Market did. Bitcoin price is moving fast and they are not buying or selling.
We want some action back
Their behavior (their clients behavior) seems intelligent - they were accumulating during the period of low prices and now they are neither buying nor selling, they are hodling.
Not really, they bought most of them between $700 and $1,100
https://bitcointalksearch.org/topic/m.6449073
They are already at a big loss then.
Why do not they do short term speculation?
Any updates?
Updated. ~300 bought and ~100 sold
No trolling here please
Did you died?
No trolling here please
They see to be buying on Tuesdays now
Updated.
It is already 5th June but they have not updated the investor presentation. It's a bit unusual
http://www.bitcointrust.co/thank-you-for-your-information/
It is already 5th June but they have not updated the investor presentation. It's a bit unusual
http://www.bitcointrust.co/thank-you-for-your-information/
Updated. ~300 bought and ~100 sold
No trolling here please
Did you died?
No trolling here please
Did you died?
I think Second Market did. Bitcoin price is moving fast and they are not buying or selling.
We want some action back
Their behavior (their clients behavior) seems intelligent - they were accumulating during the period of low prices and now they are neither buying nor selling, they are hodling.
Not really, they bought most of them between $700 and $1,100
https://bitcointalksearch.org/topic/m.6449073
Did you died?
I think Second Market did. Bitcoin price is moving fast and they are not buying or selling.
We want some action back
Their behavior (their clients behavior) seems intelligent - they were accumulating during the period of low prices and now they are neither buying nor selling, they are hodling.
Did you died?
I think Second Market did. Bitcoin price is moving fast and they are not buying or selling.
We want some action back
Did you died?
about 80XBT net buying in the last 2 days
Some 300XBT bought yesterday
Glad to see them buying some again. Thanks for your work!
Me too. I was getting worried for a second there!
Some 300XBT bought yesterday
Glad to see them buying some again. Thanks for your work!
Some 300XBT bought yesterday
don't think they bought any on Thurs
This has got to be because of their bank account. It's unusual.
They probably have more accounts? At least I would expect that...
But need to say, it's strange that they are not buying.
This has got to be because of their bank account. It's unusual.
I'm not. It's concerning that they are no longer accumulating.
I find it be more concerning if they seemed to be the only group accumulating.Fortress had invested in bitcoins, and got a red stain for that in their quarterly report. So they gave the botcoins to Pantera in exchange for shares of Pantera Management, the company that manages the PBP. Like SecondMarket, Pantera Management will make some money from fees, no matter what happens to the BTC price. That's what I recall.
Jump to: