GBTC traded 765 shares today!!!! valued at $450 per bitcoin!!!!

randy8777

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Quote from: pattu1 on May 04, 2015, 06:49:47 PM

Quote from: randy8777 on May 04, 2015, 06:22:59 PM

this won't do much for the price as you can see. traders don't think it's moon time yet. it will be a challenge this year to see $300 again.

The last one week has been good. A steady uptrend.
I was surprised to see Bitcoin rise from $220 to $240 so quickly.
Maybe Bitcoin will surprise us soon.

when the bitcoin price seems to go up for a while people get excited and then it goes down again. it has happened many times. it won't change any time soon.

Chef Ramsay

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Quote from: ensurance982 on May 05, 2015, 10:53:41 AM

It would be great if this was picking up more steam. I can't wait for an ETF that is buying coins directly... If this way of buying BTC really is the right thing for people on NYSE, we need the COIN ETF ASAP!!!

No kidding. Where the hell is this BitLicense, it should be due pretty soon. I presume the Winks have their operations pretty much set up but will just have to have a review process once the damn license comes out and then they should be ready, perhaps late summer/early fall.

ensurance982

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Trust me!

It would be great if this was picking up more steam. I can't wait for an ETF that is buying coins directly... If this way of buying BTC really is the right thing for people on NYSE, we need the COIN ETF ASAP!!!

minerpumpkin

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A pumpkin mines 27 hours a night

Quote from: Chef Ramsay on May 05, 2015, 10:41:02 AM

Quote from: minerpumpkin on May 05, 2015, 10:29:04 AM

Quote from: Chef Ramsay on May 04, 2015, 10:05:01 PM

With this sort of action, I'd be surprised if the sellers who bought at reasonable rates aren't arbing on cloud 9 right now.

Yeah, but I believe there aren't exactly many people who bought at "reasonable rates", though :/ Everyone who is eligible for selling their shares most likely bought at a higher price. Arbitraging this asset is pretty much a one-time thing, really...

Yeah, I imagine that many of these shareholders are holding shares bought in the 500-600$ range so they'll have to sit back for a while unless newer investors are gonna start placing bids/bets in higher territory in large swaths.

Yeah, it will take some time for the shares bought at lower prices become available for trading. One year ago we were still at $600(!!!). Selling the shares and buying back in on a regular BTC exchange may indeed be tempting for some!

Chef Ramsay

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Quote from: minerpumpkin on May 05, 2015, 10:29:04 AM

Quote from: Chef Ramsay on May 04, 2015, 10:05:01 PM

With this sort of action, I'd be surprised if the sellers who bought at reasonable rates aren't arbing on cloud 9 right now.

Yeah, but I believe there aren't exactly many people who bought at "reasonable rates", though :/ Everyone who is eligible for selling their shares most likely bought at a higher price. Arbitraging this asset is pretty much a one-time thing, really...

Yeah, I imagine that many of these shareholders are holding shares bought in the 500-600$ range so they'll have to sit back for a while unless newer investors are gonna start placing bids/bets in higher territory in large swaths.

minerpumpkin

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Activity: 686

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A pumpkin mines 27 hours a night

Quote from: Chef Ramsay on May 04, 2015, 10:05:01 PM

With this sort of action, I'd be surprised if the sellers who bought at reasonable rates aren't arbing on cloud 9 right now.

Yeah, but I believe there aren't exactly many people who bought at "reasonable rates", though :/ Everyone who is eligible for selling their shares most likely bought at a higher price. Arbitraging this asset is pretty much a one-time thing, really...

Chef Ramsay

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With this sort of action, I'd be surprised if the sellers who bought at reasonable rates aren't arbing on cloud 9 right now.

lay785

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Activity: 266

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wow! If this isnt a buy signal at current exchange prices ($240) I dont know what is...

pattu1

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Quote from: randy8777 on May 04, 2015, 06:22:59 PM

this won't do much for the price as you can see. traders don't think it's moon time yet. it will be a challenge this year to see $300 again.

The last one week has been good. A steady uptrend.
I was surprised to see Bitcoin rise from $220 to $240 so quickly.
Maybe Bitcoin will surprise us soon.

hector3115

sr. member

Activity: 481

Merit: 251

Maybe not yet, I have two kids and a wife that loves shopping.

hector3115

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My work days are numbered now! Maybe I'll just quit and watch bitcoin trade!

randy8777

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this won't do much for the price as you can see. traders don't think it's moon time yet. it will be a challenge this year to see $300 again.

hector3115

sr. member

Activity: 481

Merit: 251

Start loading up the 401k's!!!!!!!!!

To the moooooooooon!

Topic: GBTC traded 765 shares today!!!! valued at $450 per bitcoin!!!! (Read 996 times)