GBTC Bitcoin Investment Trust Observer - page 98.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: Peter R on February 26, 2014, 11:48:18 PM

Quote from: seleme on February 26, 2014, 11:22:54 PM

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.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

There are some rumors that Mark approached them to buy Gox. After they have found out what's going on, they were legally in the red to trade on that information and apparently they are very law abiding firm so their CEO ordered no trades at that point.

TERA

hero member

Activity: 728

Merit: 500

Wow I would have thought second market would have been one of the whales down there buying up the 400 crash. It leaves me wondering who it was.

rjp55

sr. member

Activity: 798

Merit: 250

CurioInvest [IEO Live]

When does Second Market start operating?

Peter R

legendary

Activity: 1162

Merit: 1007

Quote from: seleme on February 26, 2014, 11:22:54 PM

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.

SpeculateThis

newbie

Activity: 50

Merit: 0

Quote from: Peter R on February 26, 2014, 11:13:38 PM

Quote from: seleme on February 26, 2014, 11:08:27 PM

Quote from: jl2012 on February 26, 2014, 11:07:22 PM

Quote from: seleme on February 26, 2014, 10:47:45 PM

Not really active buying those 400 coins..

What do you mean by not active buying?

I mean they haven't really bought lot of those cheap 400$ coins.

But remember the BIT is an investment trust and not a hedge fund. They may time their buys somewhat based on market dynamics, but in general they simply buy BTC as new investors deposit $ funds into the BIT. So the amount of coins they buy is more a measure of the sentiment of new and existing BIT investors, rather than when Barry thinks the market has bottomed.

+1
Just think of all the market research and analytics they have performed to map out their long term plan. They probably don't want to be placing 5000K+ orders in the dips to rattle the market and grab the attention of us onlookers. The coins right now are dirt cheap to them Cool

Pair the fact that Gox's years of BS have now been exposed, with the news about the Second Market exchange and its CCMF!

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Yeah, I understand that. But thought they might had people in the line that waited for cheaper coins.

Peter R

legendary

Activity: 1162

Merit: 1007

Quote from: seleme on February 26, 2014, 11:08:27 PM

Quote from: jl2012 on February 26, 2014, 11:07:22 PM

Quote from: seleme on February 26, 2014, 10:47:45 PM

Not really active buying those 400 coins..

What do you mean by not active buying?

I mean they haven't really bought lot of those cheap 400$ coins.

But remember the BIT is an investment trust and not a hedge fund. They may time their buys somewhat based on market dynamics, but in general they simply buy BTC as new investors deposit $ funds into the BIT. So the amount of coins they buy is more a measure of the sentiment of new and existing BIT investors, rather than when Barry thinks the market has bottomed.

jl2012

legendary

Activity: 1792

Merit: 1111

Quote from: seleme on February 26, 2014, 11:08:27 PM

Quote from: jl2012 on February 26, 2014, 11:07:22 PM

Quote from: seleme on February 26, 2014, 10:47:45 PM

Not really active buying those 400 coins..

What do you mean by not active buying?

I mean they haven't really bought lot of those cheap 400$ coins.

Yes, it may happen later when the price further settles at or above the current level

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: jl2012 on February 26, 2014, 11:07:22 PM

Quote from: seleme on February 26, 2014, 10:47:45 PM

Not really active buying those 400 coins..

What do you mean by not active buying?

I mean they haven't really bought lot of those cheap 400$ coins.

jl2012

legendary

Activity: 1792

Merit: 1111

Quote from: seleme on February 26, 2014, 10:47:45 PM

Not really active buying those 400 coins..

What do you mean by not active buying?

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Not really active buying those 400 coins..

jl2012

legendary

Activity: 1792

Merit: 1111

490XBT bought yesterday, plus 70XBT on Monday and Tuesday

CryptoNames

sr. member

Activity: 423

Merit: 250

Quote from: cr1776 on February 24, 2014, 06:47:55 PM

Quote from: meanig on February 24, 2014, 05:37:20 PM

Quote from: ?? on ??

Second Market suspending investments - what could be the cause? Huh

what does it mean - where do they keep their coins?

Jesus Christ can we please enforce some newbie rules and get rid of these shit accounts

+1. No one does any research before they post.

+ Infinity

The conversations on this forum went downhill once the newbie restrictions were abolished.

cr1776

legendary

Activity: 4228

Merit: 1313

Quote from: meanig on February 24, 2014, 05:37:20 PM

Quote from: ?? on ??

Second Market suspending investments - what could be the cause? Huh

what does it mean - where do they keep their coins?

Jesus Christ can we please enforce some newbie rules and get rid of these shit accounts

+1. No one does any research before they post.

meanig

hero member

Activity: 531

Merit: 501

Quote from: ?? on ??

Second Market suspending investments - what could be the cause? Huh

what does it mean - where do they keep their coins?

Jesus Christ can we please enforce some newbie rules and get rid of these shit accounts

gotmilk_

sr. member

Activity: 442

Merit: 250

And where did you hear that?

jl2012

legendary

Activity: 1792

Merit: 1111

About 1000XBT bought in the past 2 days

traderCJ

sr. member

Activity: 280

Merit: 250

Quote from: ElectricMucus on February 21, 2014, 04:02:17 PM

This is just in, secondmarket had all their funds on mtgox.

Sounds extremely CONFRIMED.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: Torque on February 21, 2014, 04:03:22 PM

Quote from: ElectricMucus on February 21, 2014, 04:02:17 PM

This is just in, secondmarket had all their funds on mtgox.

Source? Also, what about their coins, I'm assuming off-exchange wallet?

lol

seriously, ask the person who bumped the thread right now. Aw crap it's me. Embarrassed

But Dragonkiller might know something or he's better at trolling than me.

Topic: GBTC Bitcoin Investment Trust Observer - page 98. (Read 262357 times)