$GBTC Speculation, Information, and Cogitation - page 7.

8up

hero member

Activity: 618

Merit: 500

Quote from: HarmonLi on May 08, 2015, 11:03:15 AM

Shucks, I think I only made it to page 2 of another thread that will go down into history Cheesy

I think I have to watch out for the COIN observer thread once it goes live Cheesy

The first page was more or less "reserved" anyway.

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

Shucks, I think I only made it to page 2 of another thread that will go down into history Cheesy

I think I have to watch out for the COIN observer thread once it goes live Cheesy

Keyser Soze

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Activity: 470

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Volume is really picking up today. Should be interesting to see how it plays out as more shares are moved into a tradeable system.

Chef Ramsay

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Quote from: elux on May 08, 2015, 10:52:23 AM

Quote from: Chef Ramsay on May 08, 2015, 10:51:21 AM

If in fact this one will be an epic thread starting a new era/trend then there should be a price for admission. ~2900 volume so far today (...)

GBTC Volume now ~~4905~~ 5905

Should've opened up the quote page rather than just add up the captioned showing I guess. Wow, things really are heating up quite well.

minerpumpkin

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A pumpkin mines 27 hours a night

Quote from: Chef Ramsay on May 08, 2015, 10:51:21 AM

If in fact this one will be an epic thread starting a new era/trend then there should be a price for admission. ~2900 volume so far today at respectable prices and it's just about lunch time on Wall St. Now, up over $241. Grin

Could very well be. If ETFs really are the way to go, I expect COIN to have an even bigger impact (obviously) but this could very well be the starting point. History in the making. There, I said it!

elux

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Quote from: Chef Ramsay on May 08, 2015, 10:51:21 AM

If in fact this one will be an epic thread starting a new era/trend then there should be a price for admission. ~2900 volume so far today (...)

GBTC Volume now ~~4905~~ 5905

Chef Ramsay

legendary

Activity: 1568

Merit: 1001

If in fact this one will be an epic thread starting a new era/trend then there should be a price for admission. ~2900 volume so far today at respectable prices and it's just about lunch time on Wall St. Now, up over $241. Grin

calim

newbie

Activity: 17

Merit: 0

Time and Sales for Bitcoin Investment Trust (GBTC)   May 08, 2015
Symbol:
Time      Price   Volume   Market
11:19:47      50.00   24   OTO
11:19:46      50.00   1   OTO
10:52:17      54.50   10   OTO
09:55:30      50.00   1000   OTO
09:51:48      50.00   100   OTO
09:51:31      50.00   100   OTO
09:48:37      59.00   250   OTO
09:48:34      50.00   100   OTO
09:48:31      59.00   170   OTO
09:40:07      50.00   240   OTO
09:39:47      50.00   9   OTO
09:37:40      52.00   1   OTO
09:35:30      50.00   900   OTO
05/07      40.00   227   OTO
05/07      45.00   25   OTO
05/07      45.00   16   OTO
05/07      45.00   100   OTO
05/07      47.00   9   OTO
05/07      45.00   25   OTO
05/07      47.00   25   OTO
05/07      47.00   8   OTO
05/07      47.00   2   OTO
05/07      50.00   20   OTO
05/07      50.00   5   OTO
05/07      50.00   100   OTO
05/07      55.00   9   OTO
05/07      55.00   5   OTO
05/07      50.10   10   OTO
05/07      55.00   100   OTO
05/07      55.00   7   OTO

LOTS of volume today around $50/share $500/BTC

herzmeister

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Reserved front page seat in potentially historical thread Cool

snowdropfore

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glad to see this post ,i will keep an eye on it

chriswen

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Activity: 756

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Interesting, I suppose the Second market BIT observer was getting a bit crowded. And BIT is different from GBTC.

chmod755

legendary

Activity: 1554

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The only thing that could be called a 'Wall' right now is the Maxim Group LLC buy order.

Trading volume is slowly increasing and it seems that some people realized that they could just buy BTC on the markets at a lower price.

Chalkbot

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Activity: 896

Merit: 1001

Quote from: Biodom on May 07, 2015, 03:29:27 PM

Quote from: ErisDiscordia on May 07, 2015, 03:27:48 PM

will be interesting to watch on what sort of premium above the underlying BTC price the shares settle.

Let's make a poll and guess?

it should settle similarly to GLD at ~1-2% discount, NOT premium

I don't think that's necessarily true, as with paper gold, you can never be sure that it's actually backed by anything, so you have to price the risk in. With BTC backed shares, there ARE mechanisms for ensuring BTC backing. Therefore it's entirely possible that there be a premium, which represents someone else handling the security and insurance of your share of BTC.

ErisDiscordia

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Activity: 1133

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Imposition of ORder = Escalation of Chaos

Quote from: Biodom on May 07, 2015, 03:29:27 PM

Quote from: ErisDiscordia on May 07, 2015, 03:27:48 PM

will be interesting to watch on what sort of premium above the underlying BTC price the shares settle.

Let's make a poll and guess?

it should settle similarly to GLD at ~1-2% discount, NOT premium

when has Bitcoin (and related stuffs) ever done what it SHOULD have done? Wink

Biodom

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Activity: 3892

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Quote from: ErisDiscordia on May 07, 2015, 03:27:48 PM

will be interesting to watch on what sort of premium above the underlying BTC price the shares settle.

Let's make a poll and guess?

it should settle similarly to GLD at ~1-2% discount, NOT premium

ErisDiscordia

legendary

Activity: 1133

Merit: 1163

Imposition of ORder = Escalation of Chaos

will be interesting to watch on what sort of premium above the underlying BTC price the shares settle.

Let's make a poll and guess?

gotmilk_

sr. member

Activity: 442

Merit: 250

I think we will see some more selling pressure... Arbitrage will hit this market soon. First BIT investors can really easy double their position and will probably do that despite they won't be able to sell for another year. Those investors who are looking on those shares as a long term investment is arbitrage actually a golden opportunity now.

Will be interesting to see increase in BIT shares when they update on their page (30.5).

Chainsaw

hero member

Activity: 625

Merit: 501

x

Thanks for that, sitarow.
You can see the book now has 1127 Asks between $45 and $50.
With only 550 shares between the current, highest $40 and Maxim's $35.

Today is the first day there have been Asks, close to Bids, going unfilled.
That imbalance has grown as the day has gone on.

While still deciding, I think an eventual price between $35 and $65 is pretty probable.
That's still broad, but much more sane than the first day's $35-$200 range.

(1 share sold for $200.00 on the first day.)

alani123

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Leading Crypto Sports Betting & Casino Platform

Done with reserved posts? Grin

5$ drop from what it seems.

The short-lived upward movement wasn't met with a small drop. I'm pretty sure that it could go further down because of no support existing.

Image from:
http://quotes.wsj.com/GBTC

Sitarow

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Activity: 1792

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http://quotes.freerealtime.com/dl/frt/M?IM=quotes&symbol=GBTC&type=Time%26Sales&SA=quotes

Symbol: GBTC 2015-05-07
Time      Price   Volume   Market
15:38:24      40.00   227   OTO
15:29:37      45.00   25   OTO
15:29:32      45.00   16   OTO
15:29:19      45.00   100   OTO
15:19:20      47.00   9   OTO
15:16:17      45.00   25   OTO
15:13:40      47.00   25   OTO
15:11:27      47.00   8   OTO
15:11:20      47.00   2   OTO
15:03:09      50.00   20   OTO
14:55:09      50.00   5   OTO
14:53:50      50.00   100   OTO
14:47:41      55.00   9   OTO
14:35:36      55.00   5   OTO
14:14:40      50.10   10   OTO
14:09:42      55.00   100   OTO
14:08:57      55.00   7   OTO
14:08:51      55.00   2   OTO
14:04:25      55.00   100   OTO
13:58:44      55.00   5   OTO
13:58:44      55.00   9   OTO
13:58:37      50.00   5   OTO
13:58:36      55.00   5   OTO
13:58:35      55.00   190   OTO
13:58:35      55.00   100   OTO
13:58:34      55.00   25   OTO
13:58:32      55.00   100   OTO
13:58:26      55.10   100   OTO
13:58:13      56.00   100   OTO
13:55:15      60.00   2   OTO

Topic: $GBTC Speculation, Information, and Cogitation - page 7. (Read 11792 times)