Topic: GBTC Bitcoin Investment Trust Observer - page 86. (Read 262357 times)

Quote from: serenitys on May 15, 2014, 07:58:25 PM

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market.

EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully.

If you read the OP carefully you should find what you want

Is it the NAV thing ? 1 share = 1/10 of a bitcoin ?

If so, is it me or they sell when its low? For instance:

11-Apr-14 38.34 39.2 101144 -555 -0.21

Why the fuck did they sell ? Am i reading the graph correctly ? I thought they were top pro investors. I'm reading this thread to learn from the pros lol. I'm not even kidding.

If not, would you mind telling us where is the price indicated instead of telling us to read something I'm sure we read 10 times already but we either are 1) not from an english speaking country 2) too noob to figure it out 3) both

You have also to take into account that they are only allowed to buy in multiplies of 25k$.

They are by no means top investors - just people who happen to have a spare $25,000 and want to invest it in bitcoin. This is not actively managed fund, Barry buys whenever his retail investors want. Initially, they were only allowed to buy - many of their investors still cannot sell (those who invested in the last 6 months). Yeah, they have history of "buying at the top". Think of them as the richer noobs Wink

Omg, if thats true, barry must make so much money from these guys. He just has to wait for his phone to ring and his investors litterally give him money. He doesnt even have to call them ! He's waiting for them to make bad calls !

Do you all realise ? It's like a giant casino that taxes its players two times : for the membership and whenever they play.

THIS IS PURE AWESOMENESS

I AM IN AWE

BARRY, I BOW TO YOU

Yeah, they charge all kind of fees: entry fee, exit fee, management fee

. If you sell after a year, I think you will pay them 5%+ for the pleasure

.

The Second Markets only job is to keep bitcoins safe for the investors. They are also trying to buy them below market price from the third parties, not sure if it is for their or their investors profit. But to get such a cushy job you have to comply with all kinds of regulations, do ton of paperwork, invest ton of your own money initially - so don't get too jealous Wink

Bitcopia

hero member

Activity: 715

Merit: 500

So everyone going to start buying on Thursdays now? Grin

Wednesday night Wink

serenitys

full member

Activity: 126

Merit: 101

Be Here Now

So everyone going to start buying on Thursdays now? Grin

darlidada

hero member

Activity: 723

Merit: 503

Quote from: Bitcoin_is_here_to_stay on May 15, 2014, 06:38:39 PM

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market.

EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully.

If you read the OP carefully you should find what you want

Is it the NAV thing ? 1 share = 1/10 of a bitcoin ?

If so, is it me or they sell when its low? For instance:

11-Apr-14 38.34 39.2 101144 -555 -0.21

Why the fuck did they sell ? Am i reading the graph correctly ? I thought they were top pro investors. I'm reading this thread to learn from the pros lol. I'm not even kidding.

If not, would you mind telling us where is the price indicated instead of telling us to read something I'm sure we read 10 times already but we either are 1) not from an english speaking country 2) too noob to figure it out 3) both

You have also to take into account that they are only allowed to buy in multiplies of 25k$.

They are by no means top investors - just people who happen to have a spare $25,000 and want to invest it in bitcoin. This is not actively managed fund, Barry buys whenever his retail investors want. Initially, they were only allowed to buy - many of their investors still cannot sell (those who invested in the last 6 months). Yeah, they have history of "buying at the top". Think of them as the richer noobs Wink

Omg, if thats true, barry must make so much money from these guys. He just has to wait for his phone to ring and his investors litterally give him money. He doesnt even have to call them ! He's waiting for them to make bad calls !

Do you all realise ? It's like a giant casino that taxes its players two times : for the membership and whenever they play.

THIS IS PURE AWESOMENESS

I AM IN AWE

BARRY, I BOW TO YOU

Bitcoin_is_here_to_stay

full member

Activity: 336

Merit: 100

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market.

EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully.

If you read the OP carefully you should find what you want

Is it the NAV thing ? 1 share = 1/10 of a bitcoin ?

If so, is it me or they sell when its low? For instance:

11-Apr-14 38.34 39.2 101144 -555 -0.21

Why the fuck did they sell ? Am i reading the graph correctly ? I thought they were top pro investors. I'm reading this thread to learn from the pros lol. I'm not even kidding.

If not, would you mind telling us where is the price indicated instead of telling us to read something I'm sure we read 10 times already but we either are 1) not from an english speaking country 2) too noob to figure it out 3) both

You have also to take into account that they are only allowed to buy in multiplies of 25k$.

They are by no means top investors - just people who happen to have a spare $25,000 and want to invest it in bitcoin. This is not actively managed fund, Barry buys whenever his retail investors want. Initially, they were only allowed to buy - many of their investors still cannot sell (those who invested in the last 6 months). Yeah, they have history of "buying at the top". Think of them as the richer noobs Wink

BitchicksHusband

sr. member

Activity: 378

Merit: 255

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market.

EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully.

If you read the OP carefully you should find what you want

Is it the NAV thing ? 1 share = 1/10 of a bitcoin ?

If so, is it me or they sell when its low? For instance:

11-Apr-14 38.34 39.2 101144 -555 -0.21

Why the fuck did they sell ? Am i reading the graph correctly ? I thought they were top pro investors. I'm reading this thread to learn from the pros lol. I'm not even kidding.

If not, would you mind telling us where is the price indicated instead of telling us to read something I'm sure we read 10 times already but we either are 1) not from an english speaking country 2) too noob to figure it out 3) both

They are not trying to be top pro investors. They are letting you* get in or out whenever you want at whatever price you* see fit.

(* For values of "you" that include mega-wealthy millionaires.)

darlidada

hero member

Activity: 723

Merit: 503

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market.

EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully.

If you read the OP carefully you should find what you want

Is it the NAV thing ? 1 share = 1/10 of a bitcoin ?

If so, is it me or they sell when its low? For instance:

11-Apr-14 38.34 39.2 101144 -555 -0.21

Why the fuck did they sell ? Am i reading the graph correctly ? I thought they were top pro investors. I'm reading this thread to learn from the pros lol. I'm not even kidding.

If not, would you mind telling us where is the price indicated instead of telling us to read something I'm sure we read 10 times already but we either are 1) not from an english speaking country 2) too noob to figure it out 3) both

Bitcoin_is_here_to_stay

full member

Activity: 336

Merit: 100

Bought ~341 BTC

jl2012

legendary

Activity: 1792

Merit: 1111

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market.

EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully.

If you read the OP carefully you should find what you want

Pruden

hero member

Activity: 496

Merit: 500

Spanish Bitcoin trader

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market.

EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully.

jl2012

legendary

Activity: 1792

Merit: 1111