Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21706.

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Quote from: phoenix1 on May 16, 2015, 06:57:29 AM

Quote from: LFC_Bitcoin on May 16, 2015, 06:30:28 AM

Any ideas if this will give us a decent pump?

Given that this is backed by KnC, I would imagine that the demand will initially be met with their own mined coins. TBH this look to me simply like an alternative route for them to sell those coins, or rather fee-incurring paper proxies of them. Quite a smart move really, particularly for them Cheesy

If there is genuine decent demand for the product going forward, clearly that would be bullish and would necessitate buying more coins on exchange.

But the news is already out there and should be more or less priced in so I am expecting very little impact from it, unless it is an overwhelming instant success or another damp squib.

TBH, I'm leaning towards the latter ...

News is rarely priced in.

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Fatman3001

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Quote from: gentlemand on May 16, 2015, 07:24:06 AM

Quote from: Fatman3001 on May 16, 2015, 07:21:43 AM

KnC has had between 5-15% of the network for the last two years, so they've earned a couple of hundred thousand coins. But they have a lot of investors who must be getting twitchy, so holding the coins forever probably isn't an option. If people trust them enough to actually buy these notes it's a brilliant way to sell some coins at a premium.

By the sounds of it, people who were denied refunds on miners that were previously used, broken or never arrived count among their unwitting 'investors'.

While they were screwing their customers they had several successful investment rounds resulting in tens of millions each.

phoenix1

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Quote from: Fatman3001 on May 16, 2015, 07:21:43 AM

KnC has had between 5-15% of the network for the last two years, so they've earned a couple of hundred thousand coins. But they have a lot of investors who must be getting twitchy, so holding the coins forever probably isn't an option. If people trust them enough to actually buy these notes it's a brilliant way to sell some coins at a premium.

Thanks for the numbers. I knew they had a lot, but not this much. IIRC they have also stated previously that they are in this for FIAT profits, not BTC, so I suspect a lot of them have already been dumped too.
Yes, there is the trust issue with KnC - certainly a couple of dark clouds lurking there

So it seems they could plausibly meet a significant demand if they chose to, and create a 'closed-loop' business model where they sell on (at a profit) a paper proxy for what they mine, charge a management fee and take no risk on price. Sounds like the kind of business an investor would like, rather than one that is purely specualting on the price of BTC.

ImI

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Afaik KNC dumped most of their coins as soon as they were mined and were one of the many reasons for the bearmarket imo.

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Quote from: Fatman3001 on May 16, 2015, 07:21:43 AM

KnC has had between 5-15% of the network for the last two years, so they've earned a couple of hundred thousand coins. But they have a lot of investors who must be getting twitchy, so holding the coins forever probably isn't an option. If people trust them enough to actually buy these notes it's a brilliant way to sell some coins at a premium.

By the sounds of it, people who were denied refunds on miners that were previously used, broken or never arrived count among their unwitting 'investors'.

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Quote from: ?? on ??

Quote from: phoenix1 on May 16, 2015, 06:57:29 AM

Quote from: LFC_Bitcoin on May 16, 2015, 06:30:28 AM

Any ideas if this will give us a decent pump?

Given that this is backed by KnC, I would imagine that the demand will initially be met with their own mined coins. TBH this look to me simply like an alternative route for them to sell those coins, or rather fee-incurring paper proxies of them. Quite a smart move really, particularly for them Cheesy

If there is genuine decent demand for the product going forward, clearly that would be bullish and would necessitate buying more coins on exchange.

But the news is already out there and should be more or less priced in so I am expecting very little impact from it, unless it is an overwhelming instant success or another damp squib.

TBH, I'm leaning towards the latter ...

I doubt KNC has enough coins if only small % of the money, which is used for hedging gets into. Also question is if KNC will offload their holdings at those prices.

KnC has had between 5-15% of the network for the last two years, so they've earned a couple of hundred thousand coins. But they have a lot of investors who must be getting twitchy, so holding the coins forever probably isn't an option. If people trust them enough to actually buy these notes it's a brilliant way to sell some coins at a premium.

phoenix1

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Quote from: ?? on ??

I doubt KNC has enough coins if only small % of the money, which is used for hedging gets into. Also question is if KNC will offload their holdings at those prices.

What money you are referring to here ?

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phoenix1

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Quote from: LFC_Bitcoin on May 16, 2015, 06:30:28 AM

Any ideas if this will give us a decent pump?

Given that this is backed by KnC, I would imagine that the demand will initially be met with their own mined coins. TBH this look to me simply like an alternative route for them to sell those coins, or rather fee-incurring paper proxies of them. Quite a smart move really, particularly for them Cheesy

If there is genuine decent demand for the product going forward, clearly that would be bullish and would necessitate buying more coins on exchange.

But the news is already out there and should be more or less priced in so I am expecting very little impact from it, unless it is an overwhelming instant success or another damp squib.

TBH, I'm leaning towards the latter ...

Stevenirving

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gentlemand

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Quote from: LFC_Bitcoin on May 16, 2015, 06:30:28 AM

Any ideas if this will give us a decent pump?

Pumps are fleeting and are doomed to deflate. Trickles that turn into torrents are far more compelling. This and GBTC have just started with one of those irritating drips that you can never find until it's too late.

LFC_Bitcoin

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Quote from: macsga on May 16, 2015, 04:36:09 AM

Quote

Stockholm, SWEDEN (April 28, 2014) - XBT Provider AB (publ) announced today the authorization of Bitcoin Tracker One, the first bitcoin-based security available on a regulated exchange. XBT Provider is launching this financial instrument to meet the needs of investors' growing appetite for exposure to Bitcoin prices.

Looks like the Monday we were waiting for is here. CCMF?

http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201504290300HUGIN___EUPRX____HUG1916185-1

Edit:
More links courtesy of gotmilk from another thread.

http://www.xbtprovider.com/lang_en
http://www.kncminer.com/
http://www.nasdaqomxnordic.com/

Could be bullish?
Let's hope something can positively effect the price, Lord knows we could do with some help.
Any ideas if this will give us a decent pump?
Fingers crossed hey.

JorgeStolfi

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Quote from: macsga on May 16, 2015, 04:36:09 AM

Quote

Stockholm, SWEDEN (April 28, 2014) - XBT Provider AB (publ) announced today the authorization of Bitcoin Tracker One, the first bitcoin-based security available on a regulated exchange. XBT Provider is launching this financial instrument to meet the needs of investors' growing appetite for exposure to Bitcoin prices.

Looks like the Monday we were waiting for is here. CCMF?

http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201504290300HUGIN___EUPRX____HUG1916185-1

Does it have a ticker symbol yet?

Comedy moment: I got this from the table of contents of their prospectus:

Quote

1. SAMMANFATTNING ................................... 3 2. RISKFAKTORER ...........ERROR! BOOKMARK NOT DEFINED. 3. ALLMÄN INFORMATION OM PROGRAMMET .............. 29 4. EMITTENTEN ...................................... 34 5. DOKUMENT FÖR VISNING AVSEENDE EMITTENTEN ........ 42

(The risks section actually begins on page 15.)

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phoenix1

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Quote from: macsga on May 16, 2015, 04:36:09 AM

Quote

Stockholm, SWEDEN (April 28, 2014) - XBT Provider AB (publ) announced today the authorization of Bitcoin Tracker One, the first bitcoin-based security available on a regulated exchange. XBT Provider is launching this financial instrument to meet the needs of investors' growing appetite for exposure to Bitcoin prices.

Looks like the Monday we were waiting for is here. CCMF?

http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201504290300HUGIN___EUPRX____HUG1916185-1

Edit:
More links courtesy of gotmilk from another thread.

http://www.xbtprovider.com/lang_en
http://www.kncminer.com/
http://www.nasdaqomxnordic.com/

Lol ... just seen that this one has a 2.5% annual fee!! Hahaha ! I already thought Barry was taking the piss with 2%, but it gets better!

macsga

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Strange, yet attractive.

Quote

Stockholm, SWEDEN (April 28, 2014) - XBT Provider AB (publ) announced today the authorization of Bitcoin Tracker One, the first bitcoin-based security available on a regulated exchange. XBT Provider is launching this financial instrument to meet the needs of investors' growing appetite for exposure to Bitcoin prices.

Looks like the Monday we were waiting for is here. CCMF?

http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201504290300HUGIN___EUPRX____HUG1916185-1

Edit:
More links courtesy of gotmilk from another thread.

http://www.xbtprovider.com/lang_en
http://www.kncminer.com/
http://www.nasdaqomxnordic.com/

Bagatell

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