Updates 
?
?150 on 28th Feb. I guess we may see something really interesting in the coming days
Topic: GBTC Bitcoin Investment Trust Observer - page 97. (Read 262357 times)
150 on 28th Feb. I guess we may see something really interesting in the coming days
Updates ?
? I know somebody explained above that computing how many BTC per day they are buying is a "simple math" 
So I wanted to try, I have a Ph.D. in mathematics, afterall 
and could help you to do this great work. I guess some of you have figured out what is this "historical price of bitcoin" - can you please share? I understand that their total market value is # shares times NAV based on this mysterious "historical price"? TIA
So I wanted to try, I have a Ph.D. in mathematics, afterall and could help you to do this great work. I guess some of you have figured out what is this "historical price of bitcoin" - can you please share? I understand that their total market value is # shares times NAV based on this mysterious "historical price"? TIAQuote
NAV per share for the BIT (capitalized on September 24, 2013) is calculated based on the historical price of bitcoin. If you would like to see how NAV is calculated, please refer to the private placement memorandum.
The data is updated on their official page every day, and the data for the previous day is removed. So I have to monitor it everyday to compile the table
1030XBT bought yesterday
SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.Maybe they are permabulls..
SecondMarket is buying at particular prices. Investors are. They are simply taking orders from those investors.
1030XBT bought yesterday
SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.Maybe they are permabulls..
I know somebody explained above that computing how many BTC per day they are buying is a "simple math" So I wanted to try, I have a Ph.D. in mathematics, afterall and could help you to do this great work. I guess some of you have figured out what is this "historical price of bitcoin" - can you please share? I understand that their total market value is # shares times NAV based on this mysterious "historical price"? TIA
So I wanted to try, I have a Ph.D. in mathematics, afterall and could help you to do this great work. I guess some of you have figured out what is this "historical price of bitcoin" - can you please share? I understand that their total market value is # shares times NAV based on this mysterious "historical price"? TIAQuote
NAV per share for the BIT (capitalized on September 24, 2013) is calculated based on the historical price of bitcoin. If you would like to see how NAV is calculated, please refer to the private placement memorandum.
1030XBT bought yesterday
SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.they are doing great compared to others:
http://qz.com/182637/meet-the-4-25-billion-asset-manager-that-took-a-bath-on-bitcoin/
1030XBT bought yesterday
SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.Maybe they are permabulls..
1030XBT bought yesterday
SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.Maybe they are permabulls..
Or a bunch of idiots
1030XBT bought yesterday
SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.Maybe they are permabulls..
1030XBT bought yesterday
SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.They probably have their stash of btc which are bought at lows and they later just sell those btc to the investors (who probably don't care about the price since they're investing for a long term?) at daily prices... That's why they're buying min 25btc directly from sellers.
I'm sure they are smart enough to make profit out of this
1030XBT bought yesterday
SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.Or SecondMarket just gets more phone calls whenever "The Bitcoin" figures on the frontpage of the Wall Street Journal and the Financial Times.
Which reflects poorly on the attention span vs raw analytic capacity of the sophisticated investors they cater to.
1030XBT bought yesterday
Thats quite substansial, Obviously Barry does not have concers about the gox situation.
Barry is buying for his customers, not for himself.
Yes I know, but i assume Barry weights in for timing a 1k+ buy order?
I guess they may have something like a limit order.
1030XBT bought yesterday
SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards. 1030XBT bought yesterday
Thats quite substansial, Obviously Barry does not have concers about the gox situation.
Barry is buying for his customers, not for himself.
Yes I know, but i assume Barry weights in for timing a 1k+ buy order?
I guess they may have something like a limit order.
1030XBT bought yesterday
Thats quite substansial, Obviously Barry does not have concers about the gox situation.
Barry is buying for his customers, not for himself.
Yes I know, but i assume Barry weights in for timing a 1k+ buy order?
Nice. I hope we see that trend continue; maybe the media coverage will bring in some investments. Just not on the exchanges.
1030XBT bought yesterday
Thats quite substansial, Obviously Barry does not have concers about the gox situation.
Barry is buying for his customers, not for himself.
1030XBT bought yesterday
Thats quite substansial, Obviously Barry does not have concers about the gox situation.
1030XBT bought yesterday
Yeah, I understand that. But thought they might had people in the line that waited for cheaper coins.
That's a good point seleme. What I don't know is how fast a BIT investor can inject $ and get Barry to buy; however, I would imagine it is at least one day and possibly more. If so, BIT is an impractical vehicle (compared to a BitStamp account) for timing the market bottom.
Unless you send them a money and order them to buy at certain point, like putting a limit order at Bitstamp.
Yes, that could be the case.
I think cypherdoc holds BIT in his 401k. Perhaps he would know.
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