Topic: GBTC Bitcoin Investment Trust Observer - page 91. (Read 262357 times)
Every bubble has a catalyst. If one is catalyzed before August it will probably be due to adverse events in fiat rather that favorable ones in crypto, although some of those will also be required. If none occurs between now and a major ETP, I think the result may be a 2011-style superbubble as pent-up demand is finally unleashed. As little as 20 bn USD operating on a small float could take btc to a 1 tn USD market cap and 100k coins. In ETP land 20 bn is not hard.
Does anyone have an idea when the BIT EFT will launch for the public?
The most optimistic estimate I have heard is Q4 2014.
My initial projection of the next bitcoin bubble peaks July-August and collapses by the fall. If indeed there is a summer bubble then no Wall Street ETF will fuel it.
But what if we have a bubble in July or August before the ETF then a dip in Sept but with new ETF funds the dip only last a month or so, instead of this long and painful dips of 5 or 6 months we seem to have had in the past? I can only hope.
Does anyone have an idea when the BIT EFT will launch for the public?
The most optimistic estimate I have heard is Q4 2014.
My initial projection of the next bitcoin bubble peaks July-August and collapses by the fall. If indeed there is a summer bubble then no Wall Street ETF will fuel it.
Does anyone have an idea when the BIT EFT will launch for the public?
The most optimistic estimate I have heard is Q4 2014.
Does anyone have an idea when the BIT EFT will launch for the public?
Presumably only the earliest investors (who entered in September 2013) are being allowed to liquidate. ("On a limited basis", the site said.)
Those investors bought shares at ~13$, and are liquidating now at ~45$. That is ~245% return over investment in 6 months, or ~1100% per year.
On the other hand, all investors who entered after November 15 would lose money if they could and choose to liquidate today. Many of them would lose more than ~40%, or ~64% per year.
Those investors bought shares at ~13$, and are liquidating now at ~45$. That is ~245% return over investment in 6 months, or ~1100% per year.
On the other hand, all investors who entered after November 15 would lose money if they could and choose to liquidate today. Many of them would lose more than ~40%, or ~64% per year.
1138XBT sold yesterday
2533XBT bought yesterday. This compensated the sale on 2 Apr and the estimated holding is again at an ATH of 96941XBT
It looks like the fact that there is liquidity isn't hurting the trust too much then. That is a relief!
Damn good sign.
I'm convinced that Silbert is the biggest proponent of Bitcoin in its short history, and he's obviously doing a damn fine job getting the word out.
Looking forward to his next AMA
2533XBT bought yesterday. This compensated the sale on 2 Apr and the estimated holding is again at an ATH of 96941XBT
It looks like the fact that there is liquidity isn't hurting the trust too much then. That is a relief!
2533XBT bought yesterday. This compensated the sale on 2 Apr and the estimated holding is again at an ATH of 96941XBT
It looks like the fact that there is liquidity isn't hurting the trust too much then. That is a relief!
2533XBT bought yesterday. This compensated the sale on 2 Apr and the estimated holding is again at an ATH of 96941XBT
where are you finding these stats? I was searching the BIT site for 15 minutes yesterday with no luck...
Please read the OP. I really feel tired to answer the same question for so many times
2533XBT bought yesterday. This compensated the sale on 2 Apr and the estimated holding is again at an ATH of 96941XBT
where are you finding these stats? I was searching the BIT site for 15 minutes yesterday with no luck...
2533XBT bought yesterday. This compensated the sale on 2 Apr and the estimated holding is again at an ATH of 96941XBT
It could be just one investor cashing out correct? May not be much of an indicator then, since BIT wouldn't want that kind of shorting publicly.
Thanks OP for this interesting thread and keeping it updated. Seems a good indicator to keep in mind.
Interesting. I would have thought they'd not allow net selling. This way, it's a true market now.
Starting April 1st.
Its limited to initial investors. I think all investors have a 6 month holding requirement. So the sells are from initial September investors.
Interesting. I would have thought they'd not allow net selling. This way, it's a true market now.
Starting April 1st.
It's probably all of the above, just like with buying.
If you want to buy bitcoins through SecondMarket, you call them, wire the money, and then they "source" the bitcoins by any means necessary. Selling is probably the same (but in reverse).
Interesting. I would have thought they'd not allow net selling. This way, it's a true market now.
Starting April 1st.
Interesting. I would have thought they'd not allow net selling. This way, it's a true market now.
Starting April 1st.
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